Crypto enthusiasts should stay away from exchanges without PoR because they are at risk of giving away their assets to insolvent or fraudulent players. What is Proof of Reserves Proof of Reserves is an independent check that uses cryptographic techniques and external review to verify that a custodian holds the assets it claims on behalf… Continue reading Why you should stay away from exchanges without Proof of Reserves
Crypto Insurance Coverage: InsurAce Review 2022
Insurance is a sign of viability and an additional reason to believe in a project. Everyone talks about it. According to Dyma Budorin, CEO and Co-founder of Hacken, “Insurance is becoming a big thing.” CER.live independent researchers use insurance as one of the criteria for assessing the level of cybersecurity of crypto exchanges and cryptocurrencies.… Continue reading Crypto Insurance Coverage: InsurAce Review 2022
Cryptology Security Review 2022
Cryptology makes up the list of the world’s top 100 centralized crypto exchanges. Like all other exchanges, Cryptology offers opportunities for instant buying, selling, and converting crypto assets. Unlike other platforms, Cryptology focuses on the derivatives market. Users can trade futures contracts with up to ×100 leverage, with spot trading, bank card support, and some… Continue reading Cryptology Security Review 2022
WhiteBIT Security Review 2022
Launched in 2018, WhiteBIT is the largest European crypto-to-fiat exchange. Built on cutting-edge technology, this centralized exchange provides an institutional-grade experience for new and seasoned traders. But is WhiteBIT secure? Let’s find out. Trading volume and users The Ukrainian-based crypto exchange was established in 2018. Now, it’s incorporated in Estonia. With a daily volume of… Continue reading WhiteBIT Security Review 2022
Coinbase Security Review 2022
Coinbase is one of the most popular crypto exchanges worldwide. It’s a place for buying and selling digital currencies with a sleek-looking UI. Coinbase positions itself as the easiest place to buy and sell cryptocurrency. But is Coinbase secure? Let’s find out. Trading volume and users The US-based exchange was established in 2012. With an… Continue reading Coinbase Security Review 2022
Anchor Protocol Security Review 2022
Anchor Protocol (ANC) is a Defi platform for staking and borrowing and is part of the Terra Ecosystem. ANC played a vital role in the violent collapse of Terra because it held 72% of Terra at one point and basically created artificial demand. With an APY of 20% and rewards for borrowers, ANC was never… Continue reading Anchor Protocol Security Review 2022
Binance Security Review 2022
Binance is the largest crypto exchange in the world. Since its launch in 2017, Binance has grown into a crypto behemoth with a diverse stack of products and services built around the BNB chain. No other platform matches Binance in terms of trading volume and number of users. But is Binance secure? Let’s find out.… Continue reading Binance Security Review 2022
DFI.money Security Review 2022
DFI Money (YFII) is a DeFi-farming aggregator that automatically puts user crypto assets to work for high-yield profits. YFII is a fork of the YFI project with YIP-8 implementation. YFII characteristics, according to CoinGecko Price (10 Aug 2022): $1,758 All-time high (Sep 1, 2020): $9,251 Market cap: $69.9 million Trading volume: $77.306 million Circulating supply:… Continue reading DFI.money Security Review 2022
How do we see the transparent future of WEB3?
The WEB3 market is not transparent. We have asymmetry of information, so to speak. Many projects don’t perform an audit, don’t publish audit results, and don’t reveal actual token supply analytics with vesting and lockup periods for the team and investors because they don’t see a point. Investors cannot fully understand the risks. The incomplete… Continue reading How do we see the transparent future of WEB3?
How to check if the exchange is secure?
The Big Three: Proof of Funds, Bug Bounty, and Pentest Three most vital markers of a crypto exchange security are Proof of Funds, Bug Bounty, and Pentest. Pentest A pentest is a proactive cybersecurity measure aimed at identifying internal and external vulnerabilities of a software application by trying to breach existing security controls. Penetration Test… Continue reading How to check if the exchange is secure?