Volt Inu ($VOLT) recorded a new market pump as the team made several new announcements regarding its ecosystem development. As a result, the token has seen a surge in activity on exchanges, reaching the top trends on Twitter and many of the 100+ exchanges they are listed on. The team's latest announcements add a new dimension to the VOLT ecosystem with developments like Voltiflex and rumors about an upcoming burn worth $10,000,000+ at least. The market reacted positively to the…
Security
Smart Contract Security – Pitfalls and Solutions
Smart contracts are becoming increasingly prevalent as the world moves towards a more digital and automated future. Still, they are far from being the panacea of all technological ills. Smart contracts are self-executing contracts with a predetermined set of rules. They are stored on the blockchain and run by computers, which makes them tamper-proof and reliable. However, as with any new technology, smart contracts have associated risks. This article will explore some of the most common pitfalls and how to…
2 months ago 925 views
Bitcoiners Aren’t Happy With the Lummis-Gillibrand Crypto Bill
Much of the crypto community was appreciative of the crypto regulation bill that senators Cynthia Lummis and Kirsten Gillibrand tabled last week. However, a particular subset – especially diehard Bitcoiners – aren’t entirely happy with how it treats Bitcoin or altcoins. Mike Cargile Political candidate Mike Cargile believes the bill vastly understated the inherent potential of Bitcoin. By forcing it to be under the government of either the SEC or CFTC, he thinks it limits Bitcoin’s potential as a “currency.”…
8 months ago 982 views
How SolidProof Ensures Transparency and Security through Audit and KYC Systems
Solidproof is among the most trusted blockchain security and smart contract auditing companies in the crypto market today. The Germany-based company has its objectives to fix the security and transparency issues smothering the crypto space. Unfortunately, as the industry attains more progress, so do the opportunities for bad actors to victimize honest investors. According to a yearly report on crypto crimes by Chainalysis, $14 billion of all transactions in crypto in 2021 were associated with scams or money laundering. These…
12 months ago 1.9 k views
Are We Quite Sure That Ethereum Isn’t A Security?
The Securities and Exchange Commission (SEC) remains hazy on which cryptocurrencies are “securities'', versus “commodities”. Even Ethereum isn’t out of the woods. The SEC is notoriously slow at providing regulatory clarity for the crypto industry. Besides its strange hostility toward permitting a Bitcoin spot ETF, the commission refuses to classify which cryptocurrencies are securities. Instead, SEC chairman Gary Gensler continues to make vague statements on the matter that shake confidence in every altcoin holder. In a September conversation with…
1 year ago 1.3 k views
Security Tips to Safeguard Your Crypto Assets
Cryptocurrencies are slowly taking the lead in the financial sector. Since their initial introduction, investors have earned a substantial income. However, venturing into the crypto world has downsides, including the insecurity question. In most cases, insecurity is evident in cyber-related activities, whereby innocent investors get duped by cybercriminals. Therefore, it becomes necessary for cryptocurrencies to enforce security measures to counter threats that users may face. By adopting some security features, the digital currency gains more trust from the crypto community…
2 years ago 1.3 k views
Importance of Blockchain Security to Entrepreneurs
Blockchain, as we all know, is a chain of blocks but not in a literal sense; when we talk of "Block" and "Chain," it is all about digital information that is the "block" stored in a digital database, the "chain." Blocks store information concerning transactions like time, date, and dollar amounts of the most recent purchase. Cryptocurrencies are a form of micro or virtual currency running on a technology known as blockchain technology. You can owe this innovation coming into…
2 years ago 750 views
Two Italian Learning Institutions Plan to Offer Ethereum Blockchain Diplomas
According to a local news report, two Italian high schools will start offering diplomas on Ethereum’s blockchain public technology. The digital diplomas will be easily shareable and unchangeable. The two institutions to offer digital diplomas are the International high schools of Villa Flaminia, in Rome, and the Institute of Higher Education “M. Ciliberto- A. Lucifero”, in Crotone. The first institution will depend on the EY company’s blockchain-based system, while the latter partnered with Blockchain Italia. How the Proposal is Beneficial…
3 years ago 504 views
The ICOBox Dalliance with Unregistered Securities Sales Earns it a $16M Fine
A court in the US has ruled in favour of the SEC in a case it had filed against ICOBox and its founder cum CEO Nikolay Evdokimov. Reports indicate that The District Court of the Central District of California granted the U.S. SEC’s motion for default judgement against the defendants. The case first came before the court in September of last year. In its filing, the SEC accused ICOBox of hosting an unregistered securities sale. Further, it alleged that the…
3 years ago 555 views
A Guide on Why Security is Important in Driving Cryptocurrency Adoption
Cryptocurrency got its name because it uses advanced coding and encryption to transmit data. It was created to remove reliance on banks and necessitate peer-to-peer payment transactions. Heavy encryption and coding are necessary to provide secure transactions for purely digital currencies. Crypto transactions require a two-factor authentication process, making it harder for hackers to tamper. However, even with the securities set in place, cryptocurrencies aren't entirely unhackable. One of the most recent hacks was South Korea's Bithumb exchange, where $30…
3 years ago 1.1 k views