In a new report released by blockchain intelligence firm TRM, it has been revealed that North Korean hackers managed to steal at least $600 million worth of cryptocurrency in 2023. This staggering figure accounts for approximately one-third of the total value stolen in all cryptocurrency heists during that year. While this represents a 30% reduction compared to the $850 million
Elon Musk’s social media platform X, formerly known as Twitter, has recently announced its groundbreaking plans to launch peer-to-peer payments later this year, marking a significant evolution for the platform. This move comes after Musk’s acquisition of X for a staggering $44 billion in late 2022. Prior to this, the platform had already expanded into the financial realm through partnerships
The convergence of DePIN (Decentralized Public Infrastructure Network) and AI (Artificial Intelligence) technologies has been touted by DeFi (Decentralized Finance) executives as the “power duo” of the year. This article explores the potential of DePIN and AI in revolutionizing industries, their compatibility, and the transformative impact on managing AI-powered machines. DePIN stands for “depersonalized identification number.” It is a technology
As Bitcoin continues to gain traction as a potential world reserve currency, the importance of increasing merchant acceptance cannot be understated. By expanding the use of Bitcoin as a form of payment, liquidity can be improved, further solidifying its position as a global payment currency and investment vehicle. Bitcoin’s Challenge to Traditional Fiat Currencies Bitcoin has gradually emerged as a
The Solana blockchain ecosystem experienced a significant surge late last year, with its native token SOL at the forefront of this growth. Alongside SOL, meme coins on the Solana network like BONK and WIF also saw tremendous growth in value. This surge in popularity and market capitalization propelled Solana into the spotlight, competing with other major cryptocurrencies. Decline of Solana
In a groundbreaking move, Japanese e-commerce giant Mercari has announced its plans to become the first corporate institution to accept Bitcoin (BTC) as a payment method for goods and services. This visionary decision is set to take effect from June 2024 and will be facilitated through Mercari’s Tokyo-based subsidiary, Melcoin, which specializes in blockchain development services. By embracing the potential
PlanB, a prominent figure in the cryptocurrency space, recently shared reflections on the trajectory of Bitcoin (BTC) and public sentiment over the years. From dismissing Bitcoin as a dying asset in 2015 to its current position at $40,000, PlanB emphasizes the significance of the Stock-to-Flow model and projects a staggering $532,000 valuation after the 2024 halving event. In this article,
Intergiro, a leading Swedish FinTech company specializing in payment and banking infrastructure, has recently announced its groundbreaking partnership with Silverflow, a cloud platform that focuses on global card processing. This strategic collaboration aims to empower Intergiro to offer advanced card network capabilities to its clientele, augment processing efficiency, and provide unprecedented access to valuable card scheme data. Empowering Intergiro’s clients
Embedded finance has emerged as a powerful tool that empowers industries like retail, e-commerce, and gaming to provide tailored financial services. By integrating financial services directly into their platforms and products, these industries can enhance the customer experience and drive new revenue streams. One technology that has played a crucial role in enabling embedded finance is blockchain. With its decentralized
Bitcoin, the revolutionary cryptocurrency, relies on a scripting language called Bitcoin Script to facilitate the execution of transactions. These transactions are the backbone of the entire Bitcoin network, making an understanding of Bitcoin Script crucial. This article delves into the intricacies of Bitcoin Script, its role in transaction execution, security implications, flexibility, opcodes, spending conditions, time-based restrictions, and the latest
The rapid rise of Web3 has brought about numerous opportunities for innovation and financial growth. However, along with these advancements comes an increasing number of cyber-attacks aiming to exploit vulnerabilities within the decentralized web. In 2023 alone, these attacks induced staggering financial losses, amounting to a jaw-dropping $1.84 billion across 751 incidents. Examining the data surrounding these breaches is crucial
Decentralized Finance, often referred to as DeFi, is a blockchain-based financial system that operates without traditional intermediaries such as banks. This innovative approach to finance is gaining rapid momentum and disrupting the traditional banking paradigm. By leveraging blockchain technology, DeFi offers users a more inclusive and accessible alternative to the conventional financial system. Definition of DeFi Decentralized Finance, or DeFi,
