The idea of making individuals “their own bank” was once an ambitious goal of Bitcoin. In 2008, when Bitcoin’s white paper published it, felt foolish and absurd. After a decade, the traditional idea of cryptocurrency still revolve around finance, however with it decentralized industry and replicated the idea of a lot of financial services on blockchain, thereby providing services that were exclusively served by the banks. DeFi isn’t banking! In recent times, a lot of people a
Ten years ago, release of Bitcoin was a generally small event with huge repercussions, a number of well-renowned companies in the world and nations getting into digital forms of money, i.e cryptocurrencies. Over the most recent decade, the price of bitcoin has soared, moving to highs of nearly $20,000 per bitcoin in late 2017 preceding falling back pointedly. But it was only after the gigantic bull run that grabbed the eye of numerous banks, retailers and tech organizations.
Coinbase, the world’s most popular bitcoin wallet has recently detailed as to how they were targeted and blocked, “a sophisticated, highly targeted and a well thought out attack” conducted to access its operating systems and take away billions of dollars worth of cryptocurrency it holds. On August 8, a blogpost was released widely detailing as to how the hackers made use of a combination of means to try and track the employees and access their operating systems by the medium
On Monday, a confidential U.N. report stated that North Korea has earned as much as $2 billion dollars through the medium of large-scale cyber attacks to benefit fund its efficient weapons program. The report, submitted to the U.N. North Korea Sanctions Committee, has accused North Korea of making use off hackers to take out ‘forced illegal transfer of funds from various financial institutions and cryptocurrency exchanges, launders stolen proceeds and formed income to prevent
Estonia started with it’s residency programme in 2014. It gives the e-resident a smart card which they can use to sign documents. E-Residency gives foreigners the ability to apply for a secure digital residency in Estonia, even though they don't actually live there. Now it has more than 47000 e-Residents. What are the advantages? E-residency allows company registration, document signing, encrypted-document exchange, online banking, tax declaration, and fulfilment of medical p