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For most of the 13-year life of cryptocurrencies, exchanges were the epicentre for cyberheists. Now, a bigger hacking risk in the growing sector has exploded into view: peer-to-peer crypto platforms.
DeFi sites allow users to lend, borrow and save - usually in cryptocurrencies - while bypassing the traditional gatekeepers of finance such as banks and exchanges. Backers say the technology offers cheaper and more efficient access to financial services.
The spat in the US Senate this week proved one thing. Cryptocurrencies are emerging from the shadows and are here to stay.
The spat in the US Senate this week proved one thing. Cryptocurrencies are emerging from the shadows and are here to stay.
It almost derailed the bipartisan infrastructure bill’s passage.