7 DeFi protocol hacks in Feb sees $21 million in funds pilfered: DefiLlama

    DeFi platforms lost over $21 million to hackers throughout February, according to data released by DeFi project aggregator DefiLlama. Reentrancy, price oracle attacks and exploits across seven protocols caused decentralized finance (DeFi) space to bleed at least $21 million in crypto in February. According to DeFi-centric data analytics platform DefiLlama, one of the largest in the month…

    Challenges of data accessibility in the NFT market

    Lack of data accessibility is a key challenge for the NFT sector. Here is how a data analysis tool is bringing transparency and liquidity to the market. Nonfungible tokens (NFTs) have grown into a distinct sector within the blockchain industry, but they still have to address several challenges before aiming for mass adoption. One of the…

    Americans ‘frustrated’ by financial system inequality, 20% own crypto: Survey

    Crypto ownership among U.S. adults has remained steady over the last 12 months, with a large portion seemingly “frustrated” by the one-sided global financial system. A whopping 80% of American adults believe the financial system favors those with “powerful interests,” while 20% currently own cryptocurrency, a new survey has revealed. Commissioned by crypto exchange Coinbase, the…

    Binance and Huobi freeze $1.4M in crypto linked to North Korean hackers

    The North Korean-based hacker outfit Lazarus Group resorted to different privacy mixers attempting to anonymize the stolen funds, but it didn’t work. Cryptocurrency exchanges Binance and Huobi have again frozen accounts linked to the $100 million Harmony Horizon bridge attack on Jun. 24, 2022. Around $1.4 million worth of crypto frozen by the trading platforms…

    What is decentralized storage, and how does it work?

    Explore the concept of decentralized storage in this informative guide. Learn about the functioning and advantages of a decentralized storage network. Businesses face several problems when storing data on-premises. There are steep technical and cost issues in scaling infrastructure up and down, and maintaining storage area networks is a challenge. One also has to deal…

    90% of businesses adopting blockchain technology, data

    A new survey from CasperLabs found that despite education gaps, enterprise adoption of blockchain technology in the U.S., U.K. and China is set to increase in the next year. The crypto and blockchain space has had a turbulent past year, but that is not stopping users and enterprises from looking into the industry. A new survey from…