Technology

In 2024, according to Cyvers, hacks and frauds in the crypto industry resulted in users losing more than $2.3 billion. Some of the biggest crypto attacks of the year include WazirX, Radiant Capital and DMM Bitcoin with losses of hundreds of millions of dollars in each case. This is why smart contract vulnerabilities in the DeFi sphere are increasingly showing the need to implement robust identity detection and verification mechanisms such as KYC.

The cryptocurrency industry has undergone a significant number of transformations since its emergence. Users have witnessed the birth of a huge number of trends: ICOs, NFTs, DeFi, airdrops and, of course, retrodrops.

Mining digital currency has long been one of the most trending ways of earning money in the blockchain sphere. Every year, mining cryptocurrency becomes more and more complicated, because this process requires a huge amount of electricity, expensive hardware and decreasing every 5 years the reward paid to participants for protecting the network, if we are talking about bitcoin.

A study by Chainalysis, which every year assigns a global index of cryptocurrency usage to each country, has ranked Ukraine 6th among all countries in the world in 2024, passing only India, Nigeria, Indonesia, the United States and Vietnam.

Airdrops are one of the most profitable outreach strategies as they involve engaging the most loyal audience, whose online activity can then be tracked to understand the level of interest in the token/NFT/project.

A cold wallet has long established itself as the most reliable way to store cryptocurrency. This is due to the fact that it is possible to operate funds on this wallet without an internet connection. Therefore, no one can hack your account and get your money, as is often the case with decentralised exchanges. Everyone remembers the well-known sandwich attacks on Uniswap, the transfer of liquidity to Sushiswap, and many other cases when users lost their money forever. 

In the rapidly evolving landscape of financial technologies and decentralized finance (DeFi), the integration of stablecoins into traditional financial systems, including insurance, is becoming increasingly important. One of the most popular and widely used stablecoins is Tether (USDT). In this article, we will explore what USDT is and examine how it can be utilized in new models of insurance and risk management.

Tether is no longer just a term from the cryptocurrency sphere, but a practical reality at every trading point in Ukraine. Buying USDT with a card in Ukraine has become a simple and accessible process. There is no need for lengthy explanations on how to do it anymore. Let’s now discuss how to do it so that everyone can easily buy Tether, find out the price of USDT in hryvnias, and conduct operations with Bitcoin and USDT without unnecessary hassle.

Mining is the intricate process of extracting digital currency executed by active participants within the cryptocurrency network, utilizing specialized equipment. Essentially, it mirrors traditional mining in a virtual realm where individuals, referred to as miners or validators, actively involve themselves in the validation and organization of financial transactions into blocks.