A Guide on Why Security is Important in Driving Cryptocurrency Adoption

Cryptocurrency got its name from the fact that 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. In fact, crypto transactions require a two-factor authentication process that makes it even harder for hackers to tamper with. However, even with the securities set in place, cryptocurrencies aren't entirely unhackable. One of the…

Why Whales are Crucial to Blockchain-Powered Gambling Apps

Cryptocurrency whales are critical to the survival of blockchain-powered gambling apps, according to recent reports.  DappRadar pointed out that 80% of the value flowing through several decentralized gambling apps on the Ethereum, EOS and Tron networks comes from people with high net-worth. Benefits of  Whales to Blockchain-Powered Gambling Apps Whales exhibit outstanding sensitivity to nascent features on blockchain gambling apps and do not hesitate to leave one another when the likely returns change.  The report noted that without regard to…

ThreatFabric Identifies Trojan Targeting Crypto Wallet Facilitators

Recently, ThreatFabric identified a new variant of the Cerberus Trojan. Cerberus Trojan steals 2-factor authentication codes produced by the Google Authenticator app for internet banking and crypto exchanges. ThreatFabric is a cybersecurity firm specializing in financial industry threats. As per the reports, Cerberus Trojan was identified in June 2019, thus taking over from the infamous Anubis Trojan as the significant banking malware. Nevertheless, the threat lacked features that could allow it to lower its detection. In mid-January 2020, reports noted…

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