Bitcoin (BTC) is back up again after having dipped following news that one of the biggest crypto wallet brands had been hacked. The biggest digital asset by market cap is now trading for $42,548 per coin, a 2% 24-hour rise, according to CoinGecko. Immediately following news of a exploit impacting decentralized apps, Bitcoin lost almost $1,000 off its price within…
The attack on Ledger’s connector library may be impacting the whole Ethereum Virtual Machine (EVM) ecosystem, according to the Linea team, a zero-knowledge rollup by Consensys. The hacker targeted the Ledger connector library, which was designed to enable communication between Ledger hardware wallets and various decentralized applications (DApps). Wallet provider MetaMask has also been affected by the security incident. To…
CoinList, a United States-based cryptocurrency exchange, has agreed to a $1.2 million settlement with Treasury’s Office of Foreign Assets Control (OFAC) following allegations the firm facilitated transactions in apparent sanctions violations. In a Dec. 13 notice, OFAC said CoinList had processed 989 transactions for users in Crimea — the peninsula formerly a part of Ukraine currently being occupied by Russia…
More decentralized applications (dApps) have temporarily disabled their front-end user interface for Ledger Connect amid today’s exploit. Developers of nonfungible tokens (NFT) platform OpenSea said on December 14 that users should “not connect to any dApps using Ledger Connect until further notice.” Meanwhile, decentralized finance (DeFi) protocol Lido Finance stated its “front-ends have been switched off as a precautionary measure…
The hacker behind the attack on Ledger’s connector library had stolen at least 4.334 Ether (ETH) worth nearly $484,000, according to blockchain analysis platform Lookonchain. Ledger has not yet confirmed the figures, but the impact of the security breach could be in the hundreds of thousands, according to the company. Users on X (formerly Twitter) flagged the incident on Dec. 14,…
Bitcoin (BTC) and altcoins are a no-brainer bet in the current macro climate, Arthur Hayes says. In a post on X (formerly Twitter) on Dec. 14, the former CEO of exchange BitMEX said that investors have “no excuse” to short crypto. $1 million Bitcoin still in play in 2024 “great pivot” Going long crypto is the key to success as…
When the history books are written, and the documentaries are made on the formative days of NFTs, Jimmy McNelis, aka j1mmy.eth, will hold a special place in history as a creator, as a passionate advocate, and for having one of the greatest NFT collections of all time. An NFT OG who started his journey on Dec. 5, 2017, when he…
Alphabet, the parent company of Google, announced on Dec. 13 that it plans to slash the cost of a version of its most advanced artificial intelligence (AI) model Gemini and make it more accessible to developers. According to reports, the company said the price for the pro model of Gemini has been cut 25-50% of what it was in June.…
Crypto romance scammers — a cohort of crypto-stealing smooth-talkers — appear to have a new trick up their sleeves: targeted approval phishing. In a Dec. 14 report from on-chain analytics firm Chainalysis, the firm noted that the technique has seen explosive growth over the past two years, with at least $374 million in suspected stolen crypto in 2023. Approval phishing…
Blockstream will look to raise more capital to buy Bitcoin (BTC) mining hardware through a second series of its Blockstream ASIC (BASIC) Note offering, which aims to accumulate and sell ASICs based on the predicted demand for miners over the next two years. Speaking exclusively to Cointelegraph, Blockstream CEO Adam Back highlighted a surplus of Bitcoin mining hardware on the…
