Traditional financial institutions are ill-prepared to deal with the increasing sophistication of financial cybercriminals. That’s why many experts are looking to AI and blockchains to help stem the tide of financial fraud.
There’s much grumbling in the web3 world about what would happen if regulation comes to the sector. But regulation of decentralized finance, or DeFi for short, isn’t a matter of if, but when. DeFi aims to enable lower-cost, more accessible financial transactions without the identity requirements of traditional
The key goal of The Surge: scale Ethereum to enable it to handle 100,000 transactions per second, a rate that far exceeds the current processing capacity of all traditional credit-card providers.
The Curve Finance exploit is one of the biggest thefts in crypto so far by August 2023, but that isn’t the only reason this attack is notable. What happened has broad implications for DeFi platforms and the industry-wide goal of creating secure, blockchain-based finance options in web3.
In the months since its March ‘23 release, GPT-4’s ability to audit smart contracts has begun to be tested by developers. How accurately can it perform this critical task for ensuring smart contracts are safe and can’t be hacked?