Jan 31 2024
The dramatic fall in overall thefts is attributed to a drop in attacks against Decentralized Finance (DeFi) tools. DeFi tools cut out regulated institutions, such as the banking industry, from financial transactions. Of the $1.7 billion stolen in 2023, almost two-thirds stemmed from hacks that targeted DeFi protocols. One explanation behind the drop in money …
Oct 15 2023
The Bank for International Settlements (BIS) and the central banks of France, Singapore, and Switzerland just recently announced the successful completion of a new CBDC initiative called Project Mariana. This project tested cross-border trading and settlement of wholesale central bank digital currencies (wCBDCs) between financial institutions. As per reports, the novel project leverages the concepts …