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Lost keys already cost billions, many more at risk

While private or mnemonic keys offer many security benefits, they also present practical challenges, according to Mudit Gupta, chief information security officer at Layer-2 scaling solution Polygon.Speaking at the Ethereum Community Conference (EthCC) event on July 17, Gupta discussed the differences between theoretical security and practical security in the blockchain [...]

Filecoin Storage Usage Exceeds 7% in Q2

According to Messari’s report of 13 July, file coins there is now on average 954.2 pebibytes (1.07 billion gigabytes) network storage opportunitiesCompared to 12.2 exbibytes (14.1 billion gigabytes) of raw storage capacity. Until recently, adoption of the protocol was rather slow due to the high cost of storage compared to [...]

Celsius Network fined $4.7 billion by FTC

The US Federal Trade Commission fined Celsius Network $4.7 billion., now bankrupt crypto lender. However, his sentence will be postponed. “Allow Celsius to return remaining assets to consumers under bankruptcy proceedings.” Second announcement From July 13, Celsius and its affiliates will be permanently banned. “offering, marketing or promoting any product [...]

US industry watchdogs oppose crypto market structure bill

An alliance of US-based industry watchdogs has come together to oppose a bill for a cryptocurrency market structure proposed by the US Financial Services Committee.In detailed correspondence with the committee, groups such as Americans for Financial Reform and the Center for Responsible Lending, stated Cryptocurrency industry stakeholders have lobbied heavily [...]