Data

Cryptocurrency industry becomes less decentralized and anonymous and more regulated and controlled. Government authorities require crypto exchanges to disclose transaction data of their customers. And the exchanges seem to be quite collaborative in these terms.

This year, DeFi continues to be popular, and several DeFi-related concepts have become goldmines. The most prominent one is oracle.

With modern advancements in the fields of medicine and health advancing at an ever-increasing pace, the value of research and development has followed suit, with the specific area of clinical trials now thought to be valued at over $350 billion a year.

The ongoing wave of hacks and attacks affects the operation of many companies in the cryptocurrency field. One of the biggest hardware wallet manufacturers Ledger has recently suffered a hack that led to losing about a million emails as well as other customer information.

After the notorious Twitter hack that took place on July 15, 2020, some cryptocurrency exchanges blocked suspicious wallet addresses thus saving their users' funds from thieves.

Officers of the Cybersecurity Department of Latvian Police exposed the activity of an organized gang of cybercriminals. During the operation, the law enforcers confiscated cash and cryptocurrency in the amount exceeding 110,000 Euro.

The US Senate adopted new legislation allowing law enforcement agencies to access encrypted data. Such provisions would complicate the operation of the cryptocurrency industry within the country, forcing businesses to go offshore.

The University of California had to pay a $1 million ransom to regain access to the research performed at their Medical School. The incident has proven the healthcare industry is still vulnerable to hacker attacks.

Protecting gadgets, networks and information from clever hackers has been a critical issue since the very appearance of digital technologies. Now, when the pandemic of COVID-19 forced entire countries to isolate themselves, the industry became even more vulnerable, thus showing the need for new solutions.