Understanding bitcoin requires quite a bit of work at first. And one of the big questions people have when diving into this space is what supports bitcoin.
What is bitcoin? Where was it derived from? How does it work? Is it safe?
Recently, the Poly Network had to face the biggest network hack in DeFi history. A hacker known as MrWhiteHat stole people’s funds across blockchains. After being the victim of a $610 million hack, Poly Network took matters into its own hands by announcing a bug bounty program with Immunefi.
What if I told you that if you had invested $100 a year ago, you would have thousands today? Well, it’s true. And the analysts at Traders of Crypto proved it in a recent report.
Thanks to the French investment management company Melanion Capital, bitcoin now has a French passport. Users can now launch a bitcoin exchange-traded fund (ETF). Great news for investors, traders, and crypto-users across the European Union, right?
Crypto can be a difficult space to navigate. And if you’re not careful enough, you can lose your money. Even then, nothing can save you from a hack on a platform where you have your money housed or to an asset you’ve invested in. And that’s exactly what happened to the Poly Network community – a cross-chain protocol – which was recently hacked for $611 million in the largest DeFi intrusion to date.
We know about blockchain’s role in igniting the cryptocurrency revolution. But refresh a beer? How? Well, as it turns out blockchain improves the structure of the food safety traceability chain.
Bitcoin SV, the Bitcoin Cash fork of the (in)famous Craig Wright and nChain, is back in the news. And not exactly for a good reason. gust 2nd, the security lights went on. There was a first attack — unsuccessful, but enough to raise eyebrows. And it didn’t take the attackers much longer to exact more damage for on August 3rd, Bitcoin SV experienced a 51% attack, compromising the integrity of its blockchain data.
Unlike traditional investment markets, crypto doesn’t take a rest. Every day there is more and more news coming from this field. Some of it is good, some not so good. With respect to the latter, Binance and its CEO have now been cast into the spotlight. This the world’s largest crypto exchange has opened its arms to regulations. And while that may be good for the market, several problems have arisen.
Everyone knows how hard it is to predict how the crypto market is going to move. With it being a relatively new type of asset class, it often comes with a lot of volatile periods that can be often irrational.