UN Asserts that Crypto Finances North Korea’s Missile Program
According to the UN, North Korean cyberattackers stole cryptocurrency worth $50 million, which was then used to fund missile projects. Investigators discovered that cyber-attackers stole more than $50 million (£37 million) in digital assets between 2020 and mid-2021. The UN’s Findings Per a BBC report, the controversial Democratic People’s Republic of Korea (DPRK) Missile Program has been funded with stolen crypto. The report cites an alleged United Nation ’s Sanctions Committee investigation […]
Nasdaq to list Valkyrie’s Bitcoin Mining ETF
It is expected that the Valkyrie Bitcoin Miners ETF will invest at least 80% of its net assets in companies that receive at least 50% of their profits from bitcoin mining. With Bitcoin prices on the rise, a new Bitcoin mining-backed exchange-traded fund (ETF) is expected to go public on February 8. In accordance with […]
Hack Attack: $4.4M Reportedly Stolen From Blockchain Infrastructure Firm Meter
The hack attack on Meter resulted in the loss of about 1391 ETH ($4.3 million) and 2.74 BTC ($115,000), according to blockchain analytics firm PeckShield. Meter, a blockchain infrastructure company, said $4.4 million was taken during a hack on the network on Saturday morning about 9 a.m. ET. The company claims to provide an architecture […]
DeFi (Decentralized Finance) explained
DeFi (short for “decentralized finance”) refers to financial services provided by public blockchains, most notably Ethereum. You can earn interest, borrow, lend, purchase insurance, trade derivatives, exchange assets, and more with DeFi, but it’s faster and doesn’t involve paperwork or a third party. DeFi is global, peer-to-peer (directly between two people, not through a centralized […]
Web 3.0: Beginners Guide Explained
Many people are confused by the online buzzword Web3 or Web 3.0 and what it’s all about. You are a part of the modern web if you are reading this. The internet we use now is very different from what it was just ten years ago. How has the internet changed over time, and more […]