The Role of Penetration Testing in DeFi Security Assessments
The decentralized finance (DeFi) ecosystem has experienced exponential growth, providing exciting opportunities for financial innovation and empowerment. However, the rapid expansion of DeFi platforms also brings along security risks and vulnerabilities. In this article, we will explore the role of penetration testing in assessing the security of DeFi platforms and why it is crucial for safeguarding user funds and maintaining …
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Bitcoin Soars as the Second-Largest NFT Chain
Bitcoin’s presence in the non-fungible token (NFT) space has skyrocketed. Based on data from CryptoSlam, Bitcoin now proudly sits as the second-largest NFT chain. In the span of the past 30 days, the digital currency has seen a surge, raking in approximately $168.25 million from NFT sales alone. Bitcoin Climbs, Yet Trails Behind Ethereum However, despite its impressive leap, Bitcoin …
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How Blockchain Enhances Security in IoT Applications
In today’s digital age, the Internet of Things (IoT) has become ubiquitous, connecting billions of devices and enabling seamless data exchange. However, the rapid growth of IoT applications has also raised concerns about security vulnerabilities and privacy risks. To address these challenges, blockchain technology has emerged as a powerful solution that enhances security in IoT applications. In this article, we …
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XRP Ledger Clinches Spot in Top 10 NFT Platforms, Minting Over 1.4M NFTs
In a surprising turn of events, the XRP Ledger (XRPL) has joined the elite league of the top 10 non-fungible token (NFT) blockchains. This milestone comes just six months after the launch of its native NFT feature, XLS-20, in October last year. Rapid Growth in Half a Year The speed of XRPL’s achievement is nothing short of impressive, with more …
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LG’s Trailblazing Idea: A Blockchain-Integrated Smart TV
Global electronics giant, LG, based in South Korea, has recently made headlines by applying for a patent for a groundbreaking smart TV that incorporates blockchain technology. Unlike any other TV in existence, this advanced device would enable users to trade non-fungible tokens (NFTs) right from their couches. This intriguing patent surfaced in the World Intellectual Property Organization (WIPO) database last …
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Role of Smart Contracts in the Evolution of the Sharing Economy
The sharing economy has experienced significant growth in recent years, transforming industries and the way we consume goods and services. With the rise of platforms like Airbnb, Uber, and Upwork, people have found new ways to share resources and connect with others. As this sharing economy continues to evolve, the role of smart contracts becomes increasingly crucial in facilitating secure …
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Sotheby Unveils Exclusive NFT Marketplace for Curated Artwork
Sotheby has announced the launch of its innovative NFT marketplace, Sotheby’s Metaverse. According to a tweet from the auction house, this platform will showcase a rotating collection of NFT artwork curated by Sotheby’s specialists. Art enthusiasts will have the opportunity to complete transactions using the marketplace’s platform. Blockchain Technology Integration The tweet further explained that the marketplace would facilitate transactions …
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Liechtenstein Amends Blockchain Legislation to Address Evolving Crypto Ecosystem
The tiny European nation of Liechtenstein has made adjustments to its blockchain regulations in order to keep pace with the evolving cryptocurrency landscape. Since the implementation of the Token and Trusted Technology Service Providers Act (TVTG) in 2020, Liechtenstein has fostered a crypto-friendly environment by providing a regulatory framework for token-based services. Pioneering Token Regulation The TVTG is notable for …
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NFTs Driving Decentralized Marketplaces
With the rapid development of blockchain technology, the world has seen an explosion of new digital assets that are revolutionizing the way we think about ownership and value. Among these assets are non-fungible tokens (NFTs), which have quickly become one of the most exciting developments in the blockchain space. NFTs are unique, indivisible digital assets that can represent anything from …
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Gold-Backed Digital Currency Proposed By Texas Lawmakers
Texas lawmakers have proposed a digital currency that is backed by gold. This is quite a different move because most US regulators in other parts of the country want a digital currency backed by the US dollar. The Gold Standard for Crypto This was the decision of two senators Bryan Huges and Mark Dorazio who brought in Senate Bill 2334 …
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