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Get your cryptocurrency news & events at cryptogeni.us! Image used for post: Enhancing Crypto Firms' Cybersecurity After CrowdStrike Blackout

Enhancing Crypto Firms’ Cybersecurity After CrowdStrike Blackout

The recent CrowdStrike data blackout has raised concerns about its effects on various sectors, including cryptocurrency firms. Blockchain expert and former Naijacrypto CEO Chiagozie Iwu discussed the impact on crypto companies, highlighting the resilience of decentralized networks. He advised centralized platforms to adopt decentralized cloud-based architectures like Internet Computer (Dfinity) to bolster their cybersecurity measures. This approach is crucial for enhancing crypto firms’ cybersec

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Get your cryptocurrency news & events at cryptogeni.us! Image used for post: Dough Finance Falls Victim to $1.8M Flash Loan Attack

Dough Finance Falls Victim to $1.8M Flash Loan Attack

Dough Finance, a DeFi protocol, lost $1.8 million in digital assets due to a flash loan attack. The attacker exploited unvalidated call data, stealing 608 ETH. Web3 security firm Cyvers detected the incident on July 12 and confirmed Aave’s pools were secure. The attacker used the ZK protocol Railgun to fund the attack, swapping stolen USDC for ETH. This highlights the vulnerabilities in DeFi and the need for robust security measures to protect digital assets.

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Get your cryptocurrency news & events at cryptogeni.us! Image used for post: Cryptocurrency Hacks 2024: Centralized Exchanges Hit Hard with 900% Surge in Theft

Cryptocurrency Hacks 2024: Centralized Exchanges Hit Hard with 900% Surge in Theft

In 2024, cryptocurrency hacks have shifted focus to centralized exchanges, witnessing a 900% rise in stolen funds compared to last year, according to Cyvers. Their mid-year security report shows nearly $1.4 billion in total stolen crypto, with $600 million lost in just Q2. This represents a 100% increase from the same period in 2023. While DeFi protocols are becoming more resilient, centralized exchanges face significant breaches due to asset concentration and possible security lapses. The rise

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Get your cryptocurrency news & events at cryptogeni.us! Image used for post: A Beginner's Guide to Purchasing Toncoin

A Beginner’s Guide to Purchasing Toncoin

Discover the steps on how to buy toncoin, the native coin of The Open Network, through various platforms such as centralized exchanges, decentralized exchanges, and Telegram bots.

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Get your cryptocurrency news & events at cryptogeni.us! Image used for post: President Biden's Approach to Digital Assets Revealed: Examining His Crypto Strategy

President Biden’s Approach to Digital Assets Revealed: Examining His Crypto Strategy

President Joe Biden has been actively involved in the crypto world, implementing various regulations and taking significant steps, including nominating Gary Gensler as SEC chair and signing an executive order on digital assets. Despite some criticisms, Biden’s veto on an SEC accounting rule in 2024 showcases his firm stance on crypto, while internal disagreements within his party, like Senator Elizabeth Warren’s, add complexity to the situation.

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Biden’s Chinese Crypto Miner – Eviction Due to National Security Fears near Wyoming Missile Base

Biden’s administration has recently issued an order affecting a Biden Chinese crypto miner. This order prevents a cryptocurrency mining company linked to China, named MineOne Cloud Computing Investment, from pursuing operations near a nuclear missile base in Wyoming. Due to national security considerations, the company and its partners are now compelled to relinquish their property, which was being utilized as a cryptocurrency mining site near the Francis E. Warren Air Force Base. This decision

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Get your cryptocurrency news & events at cryptogeni.us! Image used for post: Bitcoin Halving Record: History's Priciest Blockchain Transaction

Bitcoin Halving Record: History’s Priciest Blockchain Transaction

The Bitcoin halving event of 2024 has established a ‘Bitcoin halving record’ by becoming the costliest blockchain transaction ever recorded. This remarkable event brought an unexpected rush amongst Bitcoin enthusiasts to register rare assets through the newly introduced Runes Protocol. A staggering …

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Get your cryptocurrency news & events at cryptogeni.us! Image used for post: Ease in Bitcoin Selling Pressure: A Fresh Perspective on Market Dynamics

Ease in Bitcoin Selling Pressure: A Fresh Perspective on Market Dynamics

The revised article delves into the possibility of Bitcoin’s selling pressure witnessing a downturn, a theory put forth by CryptoQuant’s lead researcher, Julio Moreno. He credits this shift to the activities of ‘short-term holders’ (STHs), Bitcoin investors who haven’t held onto their coins for more…

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Get your cryptocurrency news & events at cryptogeni.us! Image used for post: Chainlink Co-founder Foresees an Upsurge in Crypto ETFs and Widespread Acceptance

Chainlink Co-founder Foresees an Upsurge in Crypto ETFs and Widespread Acceptance

Sergey Nazarov, the co-founder of Chainlink, a prominent figure in the crypto world, recently revealed his optimistic outlook regarding the future of the cryptocurrency market. He firmly believes that the crypto industry will persist in pushing its boundaries and unveiling new opportunities. In a re…

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