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Ledger Hardware Wallet Will Compensate Users for $600,000 Exploit
20.12.2023
Source: iStock Hardware wallet provider Ledger has announced its intention to reimburse victims for the approximately $600,000 in assets lost due to the recent ConnectKit exploit. In a December 20 statement on X (formerly Twitter), the firm assured that the lost assets would be reimbursed before...
Atomic Wallet Offers $1 Million Bug Bounty Amid Security Lawsuit
20.12.2023
Source: Adobe / Ascannio Amid an ongoing class-action lawsuit related to a $100-million hack in June, the developer of Atomic Wallet has launched a $1-million bug bounty program aimed at identifying security flaws in its wallet software. In an announcement on December 18, the development team...
Atomic Wallet Announces Bug Bounty Program, $1 Million Up for Grabs
19.12.2023
Atomic Wallet has announced the launch of a public bug bounty program featuring a $1 million prize pool in the hopes of making the app “an even more secure experience for users.” Up to $1 million on the table According to a recent press release from the noncustodial wallet interface, the bug bounty...
OKX Wallet Users Warned to Update App to Avoid Code Vulnerability
19.12.2023
Blockchain security firm Certik has warned OKX Wallet users to update their iOS app after a critical Remote Code Execution (RCE) vulnerability was found in a previous version
Tether’s USDT Stablecoin Depegs from US Dollar on Exchanges After Company Froze $435M
18.12.2023
Tether’s cooperation with law enforcement has led to the USDT depeg crisis. Image by akif, Adobe Stock. Tether’s USDT, the largest stablecoin by market capitalization, depegged from its intended $1 price amid growing scrutiny over the company’s December 15 announcement of a wallet-freezing...
Are Hackers Two Steps Ahead of Security in a Cat-and-Mouse Game? Experts Answer
17.12.2023
Source: AdobeStock / aLListar/peopleimages.com Talking with Cryptonews, Raz Niv, co-founder and CTO at the Web3 security company Blockaid, and Kate Kurbanova, co-founder of risk management firm Apostro, discussed the evolution and high adaptability of crypto thieves, the “ingenious” methods...
Connect Kit Exploit Sparks Criticism of Ledger’s Security Framework
15.12.2023
On Dec. 14, 2023, Ledger’s Connect Kit, a Javascript library for wallet connectivity, suffered a significant exploit. This incident, which was contained within two hours, has brought forth a number of criticisms of Ledger’s security practices. Ledger Exploit Elicits Mixed Reactions From...
Coinbase Reveals ‘Project Diamond’ Initiative, Targets Institutions Issuing Native Digital Assets
15.12.2023
Coinbase, the largest U.S.-based crypto exchange, has revealed Project Diamond, an initiative that seeks to provide the tools for institutions to issue native digital assets. The project, which integrates several technologies, including Coinbase’s layer 2 product Base, the USDC stablecoin...
Blockchain Firm Ledger Confirms Library ConnectKit Compromise
15.12.2023
Source: iStock/welcomia Hardware wallet provider Ledger has warned users to avoid connecting to any supported decentralized applications (dApps) using its software due to a compromise in its Library ConnectKit. According to information shared on its X (formerly Twitter) handle, a malicious version...
Ledger Connect Kit Breach: Hacker Siphons $484K, Company Rolls Out Version 1.1.8
14.12.2023
The unknown attacker that compromised Ledger’s Connectkit Library has reportedly siphoned $484,000 from wallets, according to the onchain intelligence firm Lookonchain. Ledger disclosed a former employee fell victim to a phishing attack and the attacker gained access to the Ledger Connectkit...
Ledger Library Exploit Alert: Users Warned Against Interacting With Dapp Front Ends Amid Wallet Drainer Risk
14.12.2023
According to several reports, there’s been an alleged Ledger Connectkit Library exploit and people are being warned not to interact with decentralized application (dapp) front ends. Reportedly, the library that maintained several dapps now contains a wallet drainer. Ledger Library Breach: Experts...
Rainbow Wallet launches Fox Hunt, incentives and rewards users
14.12.2023
Rainbow Wallet, a non-custodial wallet, is gaining traction with what the community has defined as a Fox Hunt. Rainbow Wallet basically rewards customers for using its services. Its effects are evident as well, with a spike in the number of swaps. It was around 10 for every day in the previous...
The Protocol: Crypto Spring Is Airdrop Season With Tokens From Starknet, LayerZero
13.12.2023
In this week's issue of The Protocol newsletter, we're covering Worldcoin's latest update, airdrop season, the new Bitcoin wallet from Jack Dorsey's company and the "data availability" network Celestia's market-moving plan to plug into Polygon's blockchain development kit
Cardano Foundation Launches Identity Wallet For Seamless Interaction With DApps
13.12.2023
Source: AdobeStock / RareStock Swiss-based Cardano Foundation, the non-profit organization created to promote the Cardano blockchain ecosystem, is introducing a new digital Identity Wallet. The new product is compatible with the World Wide Web Consortium (W3C), an international standards...
“Banks Work, Bitcoin Doesn’t” Wikipedia Co-founder Fires Shots at Bitcoin, Community Responds
13.12.2023
Bitcoin Wikipedia Source: Adobe / piter2121 Wikipedia co-founder Jimmy Wales criticized Bitcoin (BTC) on the asset losses when users forget their wallet passwords against the reality of centralized finance sparking wide controversy among crypto enthusiasts. Wales wrote on X (formerly Twitter)...
BNB Chain Reveals Greenfield Tech Roadmap, Neon EVM Integrates Ledger Live + More News
12.12.2023
Source: AdobeStock / Ascannio Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. In this edition: BNB Chain Reveals Greenfield Tech Roadmap Neon EVM Integrates With Ledger Live Immutable and Transak Partner...
Coinbase Crypto Wallet Offers “Simple Mode” for Improved UX: CEO Armstrong
12.12.2023
Source: Adobe Brian Armstrong, the CEO of Coinbase crypto exchange, has explained that the wallet modifications, launched last week, focus on payments. On December 5, Coinbase announced enhanced features on its wallet app in a move to facilitate seamless money transfers. The update aims to simplify...
Unveiling Insights from Magic Labs’ Comprehensive WaaS Selection Guide
12.12.2023
In today’s expansive Web3 realm, choosing the right Wallet-as-a-Service (WaaS) provider is a decision of paramount importance for modern, forward-thinking enterprises. In this regard, Magic Labs, a WaaS provider helping businesses onboard users into web3 with instant non-custodial wallet creation...
BankSocial’s Crypto-Friendly Credit Union, Seagrass & Hashgraph Association’s Carbon Credit Web3 Identity Wallet + More News
11.12.2023
Source: AdobeStock / Andrey Popov Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. In this edition: BankSocial Plans to Create a Crypto-Friendly Credit Union Seagrass and The Hashgraph Association Announce...
Coinbase, Conio, Partner to Provide Crypto Services to Italian Banks
11.12.2023
Source: AdobeStock / gguy Cryptocurrency wallet firm Conio, partly owned by Poste Italiane and Banca Generali, has partnered with Coinbase to give Italian banks and financial institutions access to digital assets. Conio said it has added Coinbase Prime as a liquidity provider and the agreement...