Autor Cointelegraph By Marco Castrovilli

Crypto hacks are set to hit all-time highs in 2022, analyst explains

Crypto hacks are set to hit all-time highs in 2022, analyst explains

Uverejnil používateľ | okt 19, 2022 |

Reducing the amount of hacking by improving cybersecurity should be considered a top priority for the crypto industry, said Kim Grauer, director of research of blockchain intelligence firm Chainalysis. As pointed out by the firm, this year could outpace 2021 in terms of crypto stolen through hacks. The vast majority of these exploits have been targeting the field of decentralized finance.“This can’t go on in the industry because people are going to lose faith in investing in DeFi platforms”, Grauer said in an interview with Cointelegraph. Unlike centralized exchanges, which have improved their resiliency to crypto hacks, decentralized protocols have proved to be vulnerable to exploits mainly due to the open source code they are based on.  “Anyone can parse over this open source code and look for code vulnerabilities that they can exploit”, Grauer explained. Still, the researcher doesn’t think that vulnerability to hacks is an intrinsic problem of decentralized finance, but rather a consequence of the fact that not enough resources have been invested in security on the code level. “There are contracts that have proven that they can remain secure”, she pointed out. Grauer believes that once enough resources will be invested in making the code “perfect”, decentralized protocols could become more secure than their centralized equivalents. Check out the full interview on our YouTube channel and don’t forget to subscribe!

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Next few weeks are 'critical' for stock market and Bitcoin, analyst says

Next few weeks are 'critical' for stock market and Bitcoin, analyst says

Uverejnil používateľ | okt 2, 2022 |

The stock market’s movements in the next few weeks will be critical for determining whether we are heading towards a short-term recession or a long term-one, according to forex trader and crypto analyst Alessio Rastani.During the October-December 2022 period, the analyst expects to see the S&P rallying. “If that bounces or rally fails and drops back down again, then very likely, we’re entering a long-term recession and something very close to similar to 2008”, said Rastani in the latest Cointelegraph interview. [embedded content]According to the analyst, such a recession could last until 2024 and would inevitably negatively impact the price of Bitcoin (BTC). Talking about the latest Pound sterling crisis, Rastani opined that its principal cause is the rally of the U.S. dollar, which is putting pressure on most other fiat currencies, including the yen and the euro. However, in Rastani’s view, the U.S. dollar is approaching the top. “Once we see a clean break, a sustained break of 111.5 and 110 levels on the dollar index, then I think the top is in for the dollar. And then I’m looking for a multi-month decline in the dollar back to 104 to the 100 level on the dollar index,” he explained. Check out the full interview on our YouTube channel and don’t forget to subscribe!

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Is post-Merge Ethereum PoS a threat to Bitcoin's dominance?

Is post-Merge Ethereum PoS a threat to Bitcoin's dominance?

Uverejnil používateľ | sep 25, 2022 |

While Ethereum (ETH) fans are enthusiastic about the successful Merge, Swan Bitcoin CEO Cory Klippsten believes the upgrade will lead Ethereum into a “slow slide to irrelevance and eventual death.” [embedded content]According to Klippsten, the Ethereum community picked the wrong moment for detaching the protocol from its reliance on energy. As many parts of the world are experiencing severe energy shortages, he believed the environmental narrative is taking the back seat. In an exclusive interview with Cointelegraph, Klippsten said “I think the world is just waking up to reality and Ethereum just went way off into Fantasyland at the exact wrong time.”“It is just really bad timing to roll out that narrative. It just looks stupid.”According to some predictions, institutional capital will increasingly turn away from Bitcoin (BTC) and flow into Ethereum unless Bitcoin doesn’t move away from the energy-consuming proof-of-work system. Klippsten dismisses this narrative as false, citing that, ultimately, all valuable technologies need to rely on real-world energy to function correctly. “If you don’t have some tethering to the real world using laws of physics, you’re basically off creating some kind of like metaverse fantasyland”. Watch the full interview on our YouTube channel and don’t forget to subscribe!

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NFTs will bring crypto to billions of users, explains VC investor

NFTs will bring crypto to billions of users, explains VC investor

Uverejnil používateľ | sep 18, 2022 |

Avichal Garg, the CEO and co-founder of Electric Capital, defines himself as “an NFT maximalist” – who believes that nonfungible tokens (NFTs) will play an essential role in bringing crypto to the masses. Unlike other crypto niches, NFTs are relatable to aspects of everyday life such as art, music and games. “I could imagine that NFTs are actually many billions of people because it’s ultimately culture. And that’s something that everybody can participate in and everybody can understand,” said Garg in an exclusive interview with Cointelegraph. [embedded content]In particular, Garg is bullish about NFTs being used in the gaming industry, which he sees growing at an exponential pace. “In 18-24 months from now, I think we’re just going to see this onslaught of (NFT-based) games”, he said. Garg believes the bear market could last as long as the macro picture is dominated by high inflation, which means it could take another year or two before we’ll see the next bull cycle. Still, when he looks beyond the current macroeconomic picture, at a 10-year time horizon, he feels extremely bullish on the crypto industry. “Interest rates and inflation dominate in the short term when you’re talking about a 2-3 year time horizon. But innovation is the one that dominates in the long term.”, he pointed out. Watch the full interview on our YouTube channel and don’t forget to subscribe!

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Why Prince Philip of Serbia is bullish on Bitcoin (not crypto)

Why Prince Philip of Serbia is bullish on Bitcoin (not crypto)

Uverejnil používateľ | sep 7, 2022 |

Philip Karageorgevitch, Hereditary Prince of Serbia and Yugoslavia is a strong proponent of Bitcoin while he criticizes altcoins for being mere attempts to copy the original cryptocurrency. “People want to make fiat. They want to make money. And so they’re going to use Bitcoin’s technology, Bitcoin’s ideas and try to make them their own and try to ride that fad”, he said in an exclusive interview with Cointelegraph. Philip is convinced that Bitcoin is the only cryptocurrency that has the potential to fix one of the biggest problems affecting the world: the problem of money. “The reason why the world’s in such a terrible shape is because of the money. People think: “Yeah, money corrupts,” but actually, no, money is corrupted itself and that needs to be changed”, he said. To understand more of Prince Philip’s views on Bitcoin and crypto, watch the full interview on our YouTube channel and don’t forget to subscribe!

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