Both the cryptocurrencies and the central bank digital currency (CBDCs) have attracted the interest of millions across India. However, despite their common position as "digital assets", there are some significant distinctions between the two.
The world saw crypto losses up to $428 million in the third quarter (Q3), down 36 per cent from Q2, from hacks and frauds, a new report has shown. An analysis of the crypto losses by bug bounty platform Immunefi found that fraud accounts for only 7 per cent of the total losses in the Q3 2022, while hacks account for 93 per cent.
