Safety is one of the most important topics of the crypto sphere, and with good reason. Even the most significant self-custody platforms, such as OpenSea, are vulnerable to malicious behavior and attacks. Read on to find out why security should be your number one priority, and learn from a recent, serious phishing attempt on OpenSea. What does self-custody mean? Essentially, self-custody in crypto refers to holders’ sole responsibility to handle and store their information data such as private keys. Consequently, a self-custody platform does not keep any kind of record of private keys, and thus delegates the task of safeguarding them to key owners. About the OpenSea phishing attack Phishing is a type of malicious activity that manipulates the victim into sharing confidential credentials or information, mostly by fake communication. Phishing is a serious threat even today, and it’s also one of the hardest attacks to discover, as it’s disguised as ordinary messaging. To demonstrate how real this issue is, here’s the recent case of OpenSea, one of the most important Non-Fungible Token (NFT) marketplaces of its time. According to official sources, the phishing attack influenced 32 platform users, who actually suffered damages to their holdings because of the event. The company’s CEO, David Finzer, highlighted that the attack is likely not directly connected to OpenSea’s platform, and users signed the malicious action elements somewhere else, which just underlines the significance of keeping your sensitive data safe when using a self-custody platform. Overall, while some rumors said that the stolen value was somewhere in the $200M range, David Finzer mentioned that the address, which they believe to be the hacker’s, has $1.7M to its name, which is still an outstandingly high figure. Why should safety be a priority? With the advancement of technology came the progress of hacks as well, and so nowadays, it’s more important than ever to take all the necessary precautions that aim to prevent such events. This is especially true when using self-custody platforms, since it’s the users’ responsibility to safeguard their private information, including their private keys. The reason why safety should come first is quite straightforward: the more one accumulates, the better the target for hackers, and if security is neglected, all those hard-earned funds can permanently disappear, faster than one would think. Implications of safety while trading Safety is also vital when it comes to trading cryptocurrencies, be it on a centralized exchange (CEX), or a decentralized exchange (DEX). Unfortunately, there are very few platforms out there that actually put sufficient emphasis on the topic. A great example of a DEX that ticks the box of high-level security is FOMODex, which is a multichain automated market maker (AMM), supporting Binance Smart Chain (BSC), Ethereum (ETH), and Polygon (MATIC). The platform recognized that without proper safety measures, everything else is basically useless, as results are only as good as their protection. Therefore, its team reportedly created FOMODex to be one of the most secure DEXs, despite its multichain environment and high volume of transactions. To further emphasize this, FOMODex launched as the first DEX that is regulated in the U.S., which means users’ protection is elevated, and grounds are provided for legal cases, should fraud occur. This is a remarkable achievement, as U.S. regulators are notoriously hard to get approval from. Final thoughts As demonstrated by both theory and real-world events, safety is truly one of the most overlooked, yet extremely vital aspects of dealing with cryptocurrencies. However, with next-generation platforms and users recognizing its importance, proper security will become the number one feature users look for when choosing where to conduct business in the near future.

Artificial intelligence (AI) has become a hot topic in the business and education world in recent years. Many educators are curious about how they can use AI in their classrooms, and rightfully so – there are many potential applications for this technology! This blog post will discuss ten different ways to use AI in your […]

The post 10 Ways to Use Artificial Intelligence In Education appeared first on AiiotTalk - Artificial Intelligence | Robotics | Technology.

After a difficult journey, the IEM Katowice title is an unbelievable achievement for FaZe. After a challenging road to the…

The post CS:GO: FaZe Clan Win IEM Katowice 2022 appeared first on Esports News Network | ESTNN.

RPE Outsourcing (RPE), a leading provider of cloud hosting, data center operations, systems management and backup and recovery systems, today announced the successful completion of their System and...

(PRWeb February 28, 2022)

Read the full story at https://www.prweb.com/releases/rpe_outsourcing_successfully_completes_soc_1_type_2_examination_for_11th_consecutive_year/prweb18520445.htm

Rugby 22 may be the best presented rugby union game available, but it is still a world away from the upper echelons of sports simulation titles.

The post Rugby 22 Review appeared first on TheXboxHub.

Singapore, Singapore, 27th February, 2022, TRON DAO and Bit Torrent Chain (BTTC) have announced Poloniex, Houbi Incubator, Houbi Ventures, Gate.io, ...

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CALGARY, Alberta–(BUSINESS WIRE)–High Tide Inc. (“High Tide” or the “Company”) (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA), a leading retail-focused cannabis ... Read More

It is tough to know who to pitch Fluffy Cubed to. Puzzle fanatics and sokoban fans will find this a rather lacklustre attempt, whilst those who prefer a more relaxing gaming experience may be put off by the fact it is a puzzle game. Similarly, feline fans may be taken aback by this cubed moggy.

The post Fluffy Cubed Review appeared first on TheXboxHub.

Winners of the 25th Annual DICE Awards have been announced by […]

The post Ratchet & Clank: Rift Apart Grabbed Four Trophies at DICE Awards 2022 appeared first on PlayStation LifeStyle.

Richard E. Weintraub, a developer who worked on the old Cathedral of St. Vibiana in downtown L.A., has picked up Frank Lloyd Wright's Freeman House for $1.8 million.

Lone Echo 2 took home both Immersive Reality awards at last night's DICE Awards. It beat out Demeo, Resident Evil 4 and others for the Game of the Year prize.

GDQ’s Fast Femmes return Are you ready for another week of wild speedruns, all in the name of a worthwhile...

The post All-women’s speedrun event Frost Fatales kicks off this weekend appeared first on Destructoid.