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Solana Unleashes Token Extensions to Enhance SPL Token Standard
25.1.2024
On Wednesday, Solana Labs unveiled the launch of token extensions, marking a noteworthy advancement in the SPL Token standard. The blockchain network’s token extensions aim to provide a suite of solutions for businesses transitioning to distributed ledger technology, emphasizing security...
Ripple's David Schwartz Talks 'Bottom-Up Growth' on XRP Ledger, Rebuts Critics: Q&A
24.1.2024
Schwartz spoke to The Protocol about the aftermath of Ripple's SEC win, his method for dealing with XRP's rabid fanbase, the XRP Ledger's controversial approach to centralization, and more
Ripple and Hedera Consider Collaboration to Further Crypto Innovation: Report
19.1.2024
Source: Flickr In an interesting conversation, Ripple’s head Brad Garlinghouse and Leemon Baird, co-founder of open-source decentralized ledger Hedera, discussed potential collaboration to foster the digital assets industry. The crypto leaders recently shared their insightful thoughts...
Grayscale Bitcoin ETF Liquidity Partner Flowdesk Raises $50 Million in Series B
18.1.2024
French crypto financial services firm Flowdesk has successfully raised $50 million in a Series B funding round led by Cathay Innovation. The funding round includes participation from Cathay Ledger Fund, Eurazeo, ISAI, Speedinvest, BPI, and Ripple, as per a statement shared with Cryptonews....
Tunisian Universities’ Hackathons to Boost Understanding of Distributed Ledger Technology
9.1.2024
Two Tunisian universities working in collaboration with the blockchain company Dar Blockchain and the Hashgraph Association are set to hold three-day hackathons. Hackathon participants are set to learn how decentralized finance (defi) can help revolutionize and make financial services widely...
South Korean Tax Accountant: Digital Assets Held in Non-Custodial Wallets Not Subject to Overseas Reporting Requirement
5.1.2024
South Koreans with digital assets held in non-custodial or decentralized crypto wallets like Metamask or Ledger are reportedly not subject to the country’s overseas financial account reporting requirement. According to a South Korean tax accountant, only virtual assets held on overseas centralized...
XRP Ledger brings in XRPScan to enhance transparency
2.1.2024
The XRP Ledger (XRPL) is poised to implement transparency enhancements with the release of XRPScan, its most recent feature. XRPFScan has disclosed that Explorer users will now have the capability to observe the transaction fee with the lowest value on the blockchain. Dr. J. Scott Branson,...
Developer Alerts Ledger Live Software Could Be Tracking User IDs, Apps and Balances
30.12.2023
Rektbuilder, a developer, has stated that cryptocurrency hardware wallet company Ledger can track user identities, apps, and even cryptocurrency balances in the device through the use of Ledger Live, its wallet management software. The developer discovered this behavior while working on Lecce...
Privacy Advocate Exposes Ledger Live’s Tracking of User Data and Network Activity
28.12.2023
Source: Pixabay A privacy advocate has alleged that the Ledger Live wallet software monitors its users and gathers information about them. In an X post published on Wednesday, privacy advocate and app developer REKTBuilder reported that Ledger Live conducts a “genuine device check” whenever users...
Last Minute Crypto Gift Ideas for Tech Natives and Newcomers
21.12.2023
Cryptocurrency is a hot topic of conversation, especially during the holidays. This is becoming the case even more so as Bitcoin gains traction. A recent report from Bitcoin financial services firm Unchained found that one in four Americans already own Bitcoin. Additional findings from Unchained...
Ledger shares follow-up on last week’s security incident
21.12.2023
Ledger witnessed a security incident on December 14, 2023, affecting $600k in assets. It has now published an incident report detailing how the event played out. The incident began with one of the employees becoming a victim of a phishing attack that granted the hacker access to the NPMJS account...
Ledger Responds to Connect Kit Exploit With Reimbursement Plan, Security Overhaul
20.12.2023
In a decisive move following a significant security incident, Ledger, a well known crypto hardware wallet manufacturer and security firm, announced a response plan. Approximately $600,000 in assets were stolen from users due to an exploit involving blind signing on EVM decentralized applications...
The Protocol: Blockchain Tech Predictions for 2024, Er… Best Guesses
20.12.2023
Why not try? At least? Check out The Protocol's FIRST ANNUAL list of blockchain tech predictions for the coming year. ALSO: Ledger hack sows DeFi discord while Ordinals "NFTs on Bitcoin" activity produces Bitcoin fee spike and a lucrative surprise at Sotheby's
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...
Bitcoin Blockchain Surpasses Half-Terabyte Amid Soaring Transactions and Increased Block Capacity
20.12.2023
Although bitcoin’s price hasn’t eclipsed its historic peak, this year the network has shattered multiple records. These include reaching the highest level of difficulty, achieving an all-time high in total hashrate, and setting a new record for daily confirmed transactions. In 2023...
Non-fungible tokens (NFTs) and the XRP ledger: Exploring the connection
18.12.2023
Non-fungible tokens (NFTs) emerged recently, and digital possession and art rules have changed. One of the fascinating developments is embedding NFTs in XRP Ledger – a blockchain famous for its super-fast and high-throughput transaction confirmation. The scalability and cheap transactions on...
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...
Sushi.com removes compromised Ledger connector
15.12.2023
Ledger’s employee became a victim of a phishing attack. Thereby compromising associated partners, including the likes of MetaMask and Sushi.com. Ledger has propagated the latest version to the public, enabling them to interact with the platform as usual. Sushi.com is now next in line to have fixed...
Ledger publishes the genuine version of the Ledger Connect Kit
15.12.2023
One of Ledger’s employees fell victim to a phishing attack, enabling the hacker to publish the malicious version of Ledger Connect Kit. It was live for nearly 5 hours; however, the Ledger team has stated that funds were rerouted only for a window of 2 hours. Ledger’s technical and support...
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...