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Posts published in “Business”

Report: Hackers employ low-tech malwares to target individuals & steal millions

If it were measured as a country, then cyber-crime — which is predicted to inflict damages totaling $6 trillion globally in 2021 — would be the world’s third-largest economy after the U.S. and China. Well, that’s quite an impressive yet unfortunate statistic. Now, different news had circulated in the past describing the highly sophisticated hacks…

Survey: Interest in blockchain investment on the rise, but lack of awareness an issue

It’s not just traders who are excited about 2022 and what all this year could mean for crypto development. Apart from them, mainstream stakeholders from the finance and technology sectors are also gearing up for changes as blockchain becomes part of the new normal. A survey by FTI Consulting...

Here’s why Paxos CEO thinks stablecoins will overtake Bitcoin as payment channel

When it was first envisioned over a decade back, Bitcoin was supposed to be a decentralized alternative to fiat currencies to transform existing financial systems. Much of that has changed along the way, with many top cryptocurrencies now serving as holding assets for risk-taking investors. Nevertheless...

UST: This latest initiative by Terra’s ecosystem is reshaping algorithmic stablecoins

Decentralized stablecoin issuer Terra issued a proposal to expand the interchain deployment of its TerraUSD (UST) stablecoin. Namely across five projects on Ethereum, Polygon and Solana. Terra would provide over $139 million in UST and LUNA to DeFi projects for at least the next six months...