The perfect storm: DeFi hacks will advance the crypto sector moving forward
There is a silver lining from the DeFi hacks as new tech develops to protect the sector: “DeFi will be much safer in 12 months from now.” Go to Source Powered by WPeMatico
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Tiger Global backs $24M funding round for blockchain security firm CertiK
The security company has now raised $61 million in two months and over $70 million since inception. Coatue Management, Shunwei Capital and Coinbase Ventures are among CertiK’s early backers. Go to Source Powered by WPeMatico
Poly Network hacker appears ready to return stolen funds
The Poly Network hacker said they will return the stolen cryptocurrency funds, and have asked for a secured multisig wallet. Go to Source Powered by WPeMatico
State Street-backed Securrency partners with GK8 for custody and institutional blockchain infrastructure
“Banks and other financial institutions are waking up to the fact that blockchain is more than crypto, and that any financial instruments can be tokenized,” says Lior Lamesh, CEO and co-founder of GK8. Go to Source Powered by WPeMatico
Binance Smart Chain Creates a $10 Million Bug Bounty Fund to Tighten Protocol Security
The Binance Smart Chain has launched a $10 million bug bounty fund for projects building on top of the protocol, called “Priority One.” The initiative aims to keep the blockchain network secure by encouraging bug bounty hunters and ethical hackers. Binance Smart Chain Reveals $10 Million Bug Bounty Fund ‘Priority One’ Security experts and bug … Read more
Bitcoin security still a concern for some institutional investors
Security of cryptocurrency custodial services is still among significant hurdles preventing institutional investors from buying crypto for the first time, new data suggests. Go to Source Powered by WPeMatico
Blockchain security firm CertiK raises $37M to combat DeFi and crypto risks
The Series B funding round was co-led by Coatue Management and Shunwei Capital, with participation from Coinbase Ventures. Go to Source Powered by WPeMatico
Former CFTC chair explains why regulators should approve a Bitcoin ETF
“A Bitcoin ETF would be a way for retail investors to invest in cryptocurrency without having to actually purchase it and deal with the complexities of custody,” said Timothy Massad. Go to Source Powered by WPeMatico
Korean Banks Elevate Cybersecurity to Deal With Crypto-Related Risks
South Korean banks are taking steps to bring cybersecurity to a new level as they try to keep up with fintechs and address new threats arising from their interaction with the crypto space. A number of institutions are adopting unprecedented measures including the integration of blockchain technologies, Korean media reported. South Korean Banks Boost Cybersecurity … Read more
To change the art industry, NFTs must be more secure
A more secure nonfungible token infrastructure holds the key to disrupting the current art world. Go to Source Powered by WPeMatico