Crypto Needs Banks
Medium | Web3 Magazine
by Brett Hornung
11M ago
Access to traditional banking services is important for any company — crypto companies included. Photo by Etienne Martin on Unsplash One of maybe the least talked about topics, but most relevant is the need for crypto companies to actually use banks (or at least traditional payment service providers). Companies operating in the crypto arena are still companies at the end of the day. Imagine trying to run a company without access to corporate banking accounts to pay employees, places to store your money, quick access to liquidity when needed, etc. Could theoretically be done without b ..read more
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April Sees $161M in Crypto Losses: 4 Alarming Trends You Need to Know
Medium | Web3 Magazine
by NEFTURE I Blockchain Security Experts
11M ago
$161M were lost to Crypto Crimes in April! Although this month saw its usual lot of shenanigans: private key exploits ($48M), flash loan attacks ($19.9M) and smart contract exploits ($16.5M$), four alarming facts demand our immediate attention! Crypto Crime & Blockchain Security Analytics by NeftureThe Rise of Supply Chain Attacks Supply chain attacks are a well-known cybersecurity threat in the real world, but in the world of web3, they are still a relatively new phenomenon. In cybersecurity, what qualifies as a supply chain attack is a cyberattack that targets organizations and ..read more
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North Korea Launders Dirty Crypto through Clouds. Wait, What?
Medium | Web3 Magazine
by NEFTURE I Blockchain Security Experts
11M ago
North Korean hackers use stolen crypto to mine more crypto via cloud services, and turn their ill-gotten “dirty” crypto into brand new, shiny, and untainted coins! Sounds like the perfect money laundering trick, right? Cybersecurity firm Mandiant has revealed this worrying news in their latest report about APT43, a state-sponsored North Korean Group that uses cybercrime to fund espionage operations, finance state goals and their own existence! All of that, through crypto laundering and the cloud washing machine. Here’s how they do it! In their investigation report, Mandiant reve ..read more
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Oracle Exploit, the Go-to-Crypto Hack in a Bear Market
Medium | Web3 Magazine
by NEFTURE I Blockchain Security Experts
11M ago
Oracle Manipulation has cost $219,6 million in 2022, and its victims are many from Algorithmic Market Maker to Yield Optimizer. The last year has seen a steep rise in oracle manipulation and a brutal chute in total value locked (TVL) for Oracle providers. The multiplicity of Oracle exploits in 2022 resulted in several experts reevaluating the relevance of oracles in DeFi, and Chainlink, which has been dominating the Oracle market, lost an astounding $48 billion in TVL in 2022, from $56,7 billion to $8,7 billion between January 1st and December 31st, 2022. So, what explains the popularity ..read more
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Flipper Zero: The Multi-Tool Gadget for Penetration Testing and Fun Projects
Medium | Web3 Magazine
by Crypto Climax
1y ago
Flipper Zero: The Multi-Tool Gadget for Penetration Testing, Crypto Security, and Fun Projects Flipper Zero DeviceIntroduction Flipper Zero is an intriguing and versatile gadget available on Amazon. Designed as a multi-tool for pentesters and geeks, with implications and uses for crypto enthusiasts. It offers a wide range of features in a portable, toy-like form. In this article, we will explore the potential uses of Flipper Zero, including its potential for security threats and productive applications. We will also discuss its limitations, customization options, and comparisons ..read more
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Back to the Metaverse Past: A Perspective | by Hemant Juyal | Medium
Medium | Web3 Magazine
by Hemant Juyal
1y ago
“Roads? Where we’re going, we don’t need roads.” — Doc “To comprehend what the future will bring for the metaverse where humans experience life in ways beyond the physical world, we must explore the past that brought us to where we are today and to the current metaverse which is going through some rapid advancements” — A wise Technologist There is no official definition that exists for Metaverse. Different industry verticals, forums, keynotes has come-up with various definitions to contextualize Metaverse like “The metaverse is a hypothetical iteration of the Internet as a single, universal an ..read more
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Ethereum Shanghai — What You Need To Know!
Medium | Web3 Magazine
by NEFTURE I Blockchain Security Experts
1y ago
Ethereum Shanghai — What You Need To Know! The Shanghai Ethereum Upgrade also known as the Shapella Hard Fork is due for April 12th 2023 ! Out of all the Ethereum Improvement Proposal (EIP) that will be adopted it’s EIP-4895 that makes this upgrade a hard fork. By revolutionizing the staking mechanism in the Ethereum network. Here’s how! EIP-4895 & Staking Stakers who have been holding their ether since December 2020 for some, will now be able to withdraw both their staked amount and the accumulated rewards! The transition of Ethereum’s consensus mechanism from Pro ..read more
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Is Ethereum Headed Towards Securities Status?
Medium | Web3 Magazine
by NEFTURE I Blockchain Security Experts
1y ago
In the midst of the SVB meltdown, the following Coinbase’s Wells notice as well as CFTC suing Binance and its founder, the fact that the New York Attorney General called Ether a security — in a lawsuit against crypto exchange KuCoin — had almost gone unnoticed. This statement has far-reaching implications for most cryptocurrencies, crypto exchanges that list them, and the health of the crypto market as a whole! Since the very day of the Ethereum Merge, the Securities and Exchange Commission (SEC) forewarned: ETH, from now on, meets the criteria of a security. Therefore, it was only a matt ..read more
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Building a Web3 DApp Using Polygon, Infura and MetaMask: What a (Web3) Moment!! | by Hemant Juyal
Medium | Web3 Magazine
by Hemant Juyal
1y ago
What a (Web3) Moment!! — A DApp Using Polygon, MetaMask and Infura Web3 core technologies like Blockchain, IPFS and Crypto Wallets gives essential components for designing a true DApp. We will see in Action how easily we can can Build and Run a DApp. Quick Refresher — By The Way, What is a Web3 DApp? To understand what a DApp is in a simplistic way, I will put my explanation as: “In Web3 a DApp or Decentralized Application is an application that has a backend built on a decentralized network and this decentralized backend is linked to a frontend that serves as a user interface ..read more
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+280 Blockchain Networks and their $25B at Risk of Imminent Exploits!
Medium | Web3 Magazine
by NEFTURE I Blockchain Security Experts
1y ago
“There shall never be a peaceful week in crypto space!” — some crypto deity must have decreed at some point it seems! Recently, blockchain security firm Halborn announced the discovery of security breaches — known as zero-day vulnerabilities — that could put over $25 billion dollars of digital assets at risk, including Dogecoin, Litecoin, and Zcash, among more than 280 networks. A year ago, Dogecoin tasked Halborn with analyzing their open source codebase for any vulnerabilities that could affect the blockchain’s security. And by crypto god, they stumbled on a fair share of them, which we ..read more
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