Globally, the use of mobile payments is expanding due to its numerous advantages for users—for example, contactless payment for quicker checkout rewards for purchases, fluid transactions, etc. There will be close to 1.31 billion mobile wallet transactions by 2023. Everything you need to know about the wallet app is detailed here.
Category Archives: Security
Over $1.6 Billion Stolen Thus Far In 2022 As DeFi Remains Prime Target For Scammers
Decentralized finance (DeFi)and crypto seem to be target number one for scammers as the total amount of funds taken by fraudulent means has eclipsed both 2020 and 2021 combined, with the month of March alone beating 2020 by over $200 million.
Russian Hackers Target Currency.com With Massive DDoS Attack
Currency.com, one of the cutting edge trading platforms bringing crypto to the masses, suffered a massive cyberattack attempt after announcing that it would halt all operations in Russia last week due to the ongoing invasion of Ukraine.
Exploring The Types Of Crypto Scams, How They Work, And How To Avoid Them
Scammers have well-orchestrated procedures for carrying out their schemes on unsuspecting persons. Some are little subtleties that can be evasive, even to those who are well-versed in the realm of cryptocurrency.
Pirates Go Phishing On The OpenSea Marketplace, Raid Over $1.7M From Users
In what is turning into a continuing theme for 2022, attackers have stolen hundreds of NFTs from 32 OpenSea accounts valued at over $1.7 million by taking advantage of a weakness in the smart contract network that supports OpenSea.
Hackers Steal $36M In Crypto From IRA Financial Trust
Hackers have again targeted the crypto industry, causing a data breach on February 8 resulting in the loss of $21 million in Bitcoin and $15 million in Ether from retirement accounts held by IRA Financial Trust, a FinTech that manages various portfolios consisting of nontraditional assets.
Zero Knowledge Proof: The Next Level Of Blockchain Technology
On a daily basis, there is lots of digital development, enhancement and sophistication on the blockchain technology. Zero Knowledge protocol seems to be an age long idea that will create new dimensions, and extra layers of security and privacy to the blockchain through a no authentication system. It’s a landmark process because it will drastically reduce exposure and enhance the privacy of all and sundry.
What Decentralization of Social Media Means To The Users
Unlike now, when you browse through your social media, it reports your data back to a company, say Facebook or Google in the case of YouTube. With Dapps, your data is distributed among different blocks in the blockchain network, keeping you safe from being tracked by a single network.
Google Cloud Ramps Up Security With Virtual Machine Threat Detection To Combat Crypto Mining Attacks
Google Cloud will be expanding its suite of security capabilities to include detection for cryptocurrency mining in virtual machines, zeroing in on a common but difficult threat to identify.
Citizens Of El Salvador Alarmed After $100K In Bitcoin Reported Missing From Chivo Wallets
A troubling trend has surfaced in El Salvador over the past few weeks as citizens have been posting about the mysterious loss of funds from their Chivo wallets. El Salvador adopted one of the world’s most crypto friendly stances when the government announced in September that Bitcoin would be accepted as a legal tender, along with awarding fractional shares of Bitcoin, approximately worth $30, to all citizens who signed up for the government’s preferred digital wallet, Chivo.