According to a blog post from blockchain analysis firm Chainalysis that came out on Tuesday, cryptocurrency hacks caused losses of $1.9 billion in the first seven months of the year. This was caused by a rise in funds stolen from decentralized finance (DeFi) protocols.
The report makes no statements regarding the Bitcoin network today, which is more than a decade after the time studied ended. However, it highlights well-known and long-standing privacy concerns.
A survey issued by the venture capital investor found that funding for African blockchain businesses substantially surpassed investment in conventional venture capital.
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