Crypto crime down in 2021 through April, but 'DeFi' fraud at record
The Hindu
Globally, crypto criminals ran away with $432 million as of end-April, according to the CipherTrace report. About 56% of that, or $240 million were DeFi-related, a record peak.
(Subscribe to our Today's Cache newsletter for a quick snapshot of top 5 tech stories. Click to subscribe for free.) Losses from cryptocurrency theft, hacks and fraud fell sharply in the first four months of the year, but crime in the booming "decentralized finance" space hit an all-time high, a report from crypto intelligence company CipherTrace showed on Thursday. DeFi applications are platforms that facilitate crypto-denominated lending outside traditional banking, using an open-source code with algorithms that set rates in real time based on supply and demand. Many DeFi applications are embedded in the ethereum blockchain.
Nearly 50% of Dakshina Kannada’s shoreline has been eroded, the highest among the three coastal districts of Karnataka, according to a study for the period 1990-2018 by the National Centre for Coastal Research (NCCR).
Sambhal mosque controversy
The Hindu Morning Digest gives a select list of stories to start the day. Read the top news today on November 27, 2024
Bengaluru publishers face backlash over new quality affidavit rule for pending dues, sparking demands for fairness and transparency.
Indian space program milestones, satellite launches, private sector initiatives, and upcoming missions summarized by space enthusiast Pradeep Mohandas.
RMC Chennai predicts cyclonic storm, leading to exam postponements and school closures in Tamil Nadu and Puducherry.
Controversial statement by Chandrashekhar Swami calls for stripping Muslims of voting rights for peaceful coexistence, sparking outrage.
VIT Chennai partners with Vijaya Electronics to develop cutting-edge DC motor for specific application, aiming for transformative impact.
In October 2024, RGIA recorded nearly 2.5 million passengers, a 22% increase compared to October 2023.
Mahindra & Mahindra unveils electric SUVs BE 6e and XEV 9e with 500-km range, competitive pricing, and cutting-edge features.
N Chandrababu Naidu directs officials to develop iconic Deep Technology building in Amaravati, focusing on AI and innovation.