Cryptocurrencies are anonymous and the government shouldn’t encourage their spread, the head of Bank of Russia has insisted. The regulator remains firmly opposed to the legalization of bitcoin and the like as a means of payment in the Russian Federation. Bank of Russia Reiterates Negative Stance on Cryptocurrencies, Legalization of Bitcoin A “responsible state” should […]
On Monday I lost my best friend of 13 Years. My dog died. After coming home I looked at my portfolio, mostly out of habit, and saw the price tumble. I didn't care. On Thursday my portfolio went down even more. I still didn't care. I would give all of my crypto away in an…
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submitted by /u/CryptoKeeper808 [link] [comments]
DEXs conceivably hold great promise for the future of derivatives trading, but not at the cost of security, speed and availability for all.
submitted by /u/giugiacaglia [link] [comments]
Using T Rex with my 3070. Ran great for 16+ hours. C Clock locked at 1500, M clock +1200. Fans locked at 75%. Runs great at 155w then drops to 116w randomly and wont move until restart. submitted by /u/Renrut23 [link] [comments]
So I've been mining in a pool (various) using nanominer on Win10. I have 2 AMD R7 360 4gig cards. I have consistently been getting 1.5-2 MH/s on each card for about a month. I restarted my PC yesterday and now I only get 60-70 kH/s!!! I tried different miners and all different pools. Any…
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submitted by /u/_zpool_ [link] [comments]
I'm tired of seeing so many posts about a "bear market" during a dip. We are in the middle of a healthy bull run, and dips are going to happen! If everything only went up during a bull run everyone would be rich. We can't go up tens of thousands without having some drawback/crab market…
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Decentralized finance (DeFi) platforms have been the target of criminal attacks this year. Investors in the blockchain-based form of finance have lost billions of dollars to criminals that target the platforms. The total amount of money deposited at DeFi services has spiked from just $500 million in 2019 to $247 billion this year. Related Reading | Dog-Themed DeFi Project Mysteriously Loses Fundraised $60 Million According to a report from London-based firm Elliptic, the overall losses caused by DeFi exploits have totaled $12 billion in the past year. Out of that amount, fraud and theft accounted for $10.5 billion, seven times the amount last year. DeFi, which has drawn in billions of dollars in investor funds, has also been a frequent target by hackers. They exploit poorly protected protocols, mostly using flash loans. Related Reading | Poly Network Confirms Hacker Has Returned Most Of The Stolen Crypto One of the popular attacks this year was the Poly Network hack. Hackers exploited a vulnerability in the multi-chain interoperability protocol. And they took off with roughly $600 million worth of various cryptocurrencies. They however returned most of the stolen funds. DeFi – The Wild West Of Cryptocurrencies Elliptic is a firm that tracks movements of funds on the digital ledgers that underpin cryptocurrencies. It recently reported that DeFi exploits amounted to $12 billion this year. DeFi is often called the “Wild West” of cryptocurrencies because it is still the most unregulated area of crypto. DeFi platforms allow users to lend, borrow and save – usually in cryptocurrencies – without any involvement from middlemen like banks. “The DeFi ecosystem is an incredibly exciting and fast-moving space, with financial services innovation happening at light speed,” said Tom Robinson, chief scientist at Elliptic. “This is attracting large amounts of capital to projects that are not always robust or well-tested. Criminal actors have seen the opportunity to exploit this.” According to the report, the underlying technology of DeFi is built on open infrastructure. However, that technology is “relatively immature and untested.” There are bugs in code as well as design flaws that enable criminals to target the platforms. DeFi market cap at $165.47B | Source: Crypto Total DeFi Market Cap on TradingView.com “Decentralized apps are designed to be trustless in that they eliminate any third-party control of users’ funds,” said Robinson. “But you must still trust that the creators of the protocol have not made a coding or design mistake that could lead to a loss of funds.” Criminals can also easily launder proceeds of crime while leaving few traces. “The irreversible nature of crypto transactions make it very challenging to recover these funds,” says the report. Call For Regulation With the alarming number of exploits the space is facing, there are calls for DeFi regulation. Regulators are now also turning attention to the sector. However, the actions of regulators in the coming months will play a significant role in determining how well they thrive in the future. Featured image by Aergo, Chart from TradingView.com
