Latest News for: Blockchain hackers

photo: Creative Commons / Davidstankiewicz
Blockchain Illustration - a digital ledger in which transactions made in bitcoin

How will Blockchain Technology Transform by 2030?

Cryptopolitan 26 Oct 2021
There has been a steady increase in the rate of adoption of Blockchain technology.Major projects like the metaverse which are still being worked on. Blockchain technology today ... When legal regulations are involved in the blockchain, there will be fewer crime cases, especially of hackers.

Changelly’s Halloween Week Starts Now!

Changelly 25 Oct 2021
Some time ago, Poly Network, a Chinese internet protocol, underwent the largest attack in the history of the industry against the Ethereum, Binance Smart Chain, and Polygon blockchains ... The next day, the hacker, dubbed Mr ... At the end of the day, the Poly Network team even decided to hire this hacker as a Chief Security Advisor, but he refused.

Cryptocurrency Asset Protection: The Ultimate Guide

Crypto Economy 21 Oct 2021
Hackers. Cryptocurrencies are always at risk of being stolen by hackers. It’s not just that they’re constantly rushing to find security vulnerabilities in the blockchain to exploit, but also because they’re becoming more sophisticated ... Because it doesn’t connect to the internet, it’s impossible for hackers to find a way to steal your funds.

Crypto Wealth Protection in Spotlight Amid Surging Institutional Demand

NewsBTC 20 Oct 2021
Though the blockchain itself is highly secure, hackers frequently manage to steal funds by exploiting human errors, blind spots, and other weaknesses ... They are convenient, but highly risky because they are an easy target for hackers ... They work with family offices, other funds, but also entrepreneurs and blockchain projects.

What is cryptocurrency and blockchain?

The Jamestown Sun 20 Oct 2021
Applied Blockchain Inc ... Cryptocurrency transactions are recorded and kept through a ledger called blockchain. Each block is connected to those before and behind it, making it more difficult for hackers to tamper with the blockchain because the block containing the record and all other blocks linked to it would need to be changed to avoid detection.

The Fragility of Passive Crypto Income Models, and How To Make Them Work

The Daily Hodl 16 Oct 2021
Mining and staking are generally more sustainable as the blockchain is decentralized, and there is no one to disrupt its operation ... With yield farming, however, risks are greater, as decentralized liquidity protocols are susceptible to hacks – and their security is a far greater issue than that of the blockchains they operate on.

Cryptocurrencies are the rage: But how secure is your money in a crypto wallet?

Indian Express 13 Oct 2021
Meanwhile, blockchain hackers are not only targeting crypto holders but also crypto exchanges, according to Atlas VPN ... More recently, in one of the biggest cryptocurrency heists ever, a group of hackers in August stole $613 million in digital coins from token-swapping platform Poly Network.

Is it not time for blockchain-based CBDC?

Kuensel 06 Oct 2021
Ripple, an enterprise blockchain company based in the US, is said to have engaged with a plethora of financial institutions across more than 55 countries ... Today, hackers demand ransom in cryptocurrencies ... However immutable blockchain technology is said to be, the crypto space does not escape from the clutch of hackers.

Interview with Andrei Zaitsev, the CEO of Qchain

NewsBTC 04 Oct 2021
Is blockchain-based lottery popular? ... Yes, for one hundred percent! Firstly, smart contracts guarantee payments in case of winning, secondly, all information about users in the blockchain network is confidential, and thirdly since the game is based on the blockchain platform, any hacker attacks are nearly impossible, they are simply meaningless.

The blockchain-based home security camera by IoTeX is on sale for less than $40

Mashable 28 Sep 2021
So, not only will you be protected from thieves, but hackers as well. Powered by blockchain and honored by the CES Innovation Awards in Cybersecurity and Privacy, the Ucam definitely stands out in a sea of household security solutions. With end-to-end encryption, the livestream video of what’s going on in your home is impermeable to hackers.

Decoding the Blockchain Trilemma

The Times of India 28 Sep 2021
The blockchain trilemma has been bothering the blockchain industry for some time now ... Although the majority of decentralized blockchains have robust security, their open-source feature causes make it vulnerable to hackers Currently, flash, collateral-less loans are the easiest way to dupe users and hack into a network.

DeFi Hack: Vee Finance Losses $35 Million To Hackers Following Mainnet Launch

NewsBTC 25 Sep 2021
There have been occasions when hackers even forced companies to shut down ... The latest to record such an exploit is Vee Finance based on the Avalanche Blockchain. Hackers stole $35 million from this protocol a few days after its mainnet went live on the host network ... The two cryptos that hackers stole are BTC and ETH.

Decentralise privacy using blockchain technology

Business Line 23 Sep 2021
When blockchain technology is used to solve a problem, writing on immutable data provides complete security to a network's transactions ... Furthermore, laws and regulations might be programmed directly into the blockchain and enforced automatically ... Because the data can be spread, a hacker won't be able to access it all in one attack.

Tracking Stolen Crypto is a Booming Business

Slashdot 23 Sep 2021
Hackers had made off with $610 million in crypto, belonging to tens of thousands of people ... "Minutes after we issued the freezing transaction, we saw the hacker attempt to move out his Tether ... But forensics investigators are getting savvier at scrupulously mapping activity on blockchains and figuring out who is behind specific accounts.