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02/05/2023
Cryptocurrency thefts reached record levels in 2022

Cryptocurrency thefts reached record levels in 2022

According to research, the percentage of cryptocurrency stolen by hackers in 2022 has reached a record high of nearly $4 billion in annual digital coin thefts. Such figures only heighten security concerns in the digital asset market and especially in decentralized finance (DeFi).

Eun-Yong Choi, director of the National Cryptocurrency Enforcement Team (NCET), said DeFi's main problem is that "developers put growth before anything else. DeFi generally does not strive for better security and targets predominantly high performance protocols, putting all users' digital assets at risk.

Nevertheless, experts continue to analyze the possibilities and suggest a number of improvements for DeFi, such as standardizing the funds management process, more code reviews by third-party firms, and better disclosure to investors.

Last news

03/24/2023
Arbitrum's Highly-Anticipated Airdrop: The Wild Ride of ARB Token

Arbitrum's Highly-Anticipated Airdrop: The Wild Ride of ARB Token

Arbitrum's highly anticipated token airdrop has finally gone live, but not without causing a stir in the cryptocurrency market. The landing page for the project briefly crashed as the project opened the gates to its ARB token, along with Arbiscan, causing frustration for users. In the first 30 minutes following the opening of the claiming window, the blockchain explorer saw a record number of over 84,000 visitors

03/23/2023
Bitcoin's Wild Ride: Highs and Lows as Fed Signals Tightening

Bitcoin's Wild Ride: Highs and Lows as Fed Signals Tightening

Bitcoin's surge earlier this week was short-lived as it dipped to slightly above $27,000 on Wednesday afternoon following the Federal Reserve's announcement of a quarter-point rate hike

03/21/2023
Coinbase Tests ChatGPT. Will AI Change Crypto Industry?

Coinbase Tests ChatGPT. Will AI Change Crypto Industry?

Coinbase, one of the largest cryptocurrency exchanges in the world, has conducted a test using the artificial intelligence (AI) application, ChatGPT, to assess the security risks of smart contracts. The San Francisco-based exchange tested the AI tool's accuracy by using its ERC-20 token review framework, publishing the results in a blog post on March 20

03/20/2023
Arbitrum Launches ARB Token and Boost Decentralization

Arbitrum Launches ARB Token and Boost Decentralization

Arbitrum, a major player in Ethereum's layer 2 scaling arena, has announced the introduction of a new token called ARB. The Arbitrum Foundation stated on Thursday that the token will be distributed to community members on March 23rd via airdrop

03/17/2023
Stablecoin Imbalance: USDC Sales Cause Tether Trading Madness

Stablecoin Imbalance: USDC Sales Cause Tether Trading Madness

The on-chain data reveals that trading firms were quick to capitalize on the USDC stablecoin's temporary repeg. While this strategy comes with risks, it shows that high-frequency traders are always on the lookout for arbitrage opportunities that can yield significant profits

03/17/2023
The Ethereum Shanghai Upgrade is Coming. What Will Happen to ETH Price?

The Ethereum Shanghai Upgrade is Coming. What Will Happen to ETH Price?

The Ethereum Shanghai upgrade, also known as Shapella, is set to go live on April 12, according to a recent announcement by the network's developers. The upgrade includes Ethereum Improvement Proposal (EIP) 4895, which will allow users to withdraw their staked Ether from the Beacon Chain, increasing market liquidity and making it easier for users to access their funds along with three additional improvements aimed at optimizing gas costs for specific activities

03/14/2023
Huobi Now Has a $100 000 000 Liquidity Fund: What Does It Mean?

Huobi Now Has a $100 000 000 Liquidity Fund: What Does It Mean?

Not so long ago, Huobi launched a 20 000 BTC investor protection fund to help users out in case of force majeure. As if that wasn’t cool enough, now there’s a $100 000 000 liquidity pool to protect the token from dropping. Cuteness overload!

03/13/2023
SVB Crash: USDC is Back!

SVB Crash: USDC is Back!

Thanks to machinations by the one who shall not be named, USDC’s price has recently dropped to an all-time low of 88% thanks to SVB’s fail. But it’s back!

03/12/2023
Attack On Titan’s 4th and final season is in full swing. Will AoT NFTs be the next big thing?

Attack On Titan’s 4th and final season is in full swing. Will AoT NFTs be the next big thing?

Attack On Titan is a Japanese manga series written by Hajime Isayama. Since its debut in 2009, the series has become a global phenomenon, with a dedicated fan base worldwide

03/10/2023
CryptoGPT's GPT Token Takes Off. Will it Fuel Decentralized AI?

CryptoGPT's GPT Token Takes Off. Will it Fuel Decentralized AI?

Today marks a significant milestone for CryptoGPT as its native GPT token has been listed on major cryptocurrency exchanges such as Bitfinex, PancakeSwap, Bybit, Gate, Uniswap, MEXC, and Bitget

HowTo

How to Mine Polkadot?

How to Mine Polkadot?

Polkadot is a blockchain platform that was created by Gavin Wood, one of the co-founders of Ethereum, and launched in May 2020. The project uses a multi-chain architecture, where multiple parallel blockchains (known as "parachains") can operate simultaneously and communicate with each other

What is Cold Storage?

What is Cold Storage?

In the world of cryptocurrency, security is of utmost importance. With the popularity of cryptocurrencies, hacks, and security breaches come along. Cold storage of digital assets has emerged as an increasingly popular option for those seeking increased protection. This article will examine the advantages and disadvantages of cold storage and show you how to select the optimal solution for your needs

Analytics

Bitcoin NFTs: Why it's a Hot Topic

Bitcoin NFTs: Why it's a Hot Topic

We explain how to create Bitcoin NFTs, why they became popular and how they work

Arbitrum: How the L2 network is changing the DeFi game with an ARB listing

Arbitrum: How the L2 network is changing the DeFi game with an ARB listing

Arbitrum is a new Level 2 network platform that is already starting to turn the DeFi world upside down. With the ability to process transactions faster and cheaper, Arbitrum is already attracting the attention of many investors and users