x
Image Source: Pixabay
Blackberry warns Mexican crypto exchanges of lurking cyberthreat
The threat pattern suggests that attackers mainly target large companies in Mexico with over $100 million in gross revenues.
The research and intelligence arm of Blackberry, a tech giant previously dominating the cellphone market, identified and alerted about a financially motivated attacker targetting numerous high-net-worth Mexican cryptocurrency exchanges and banks.
Blackberry’s report identified an attack that attempted to steal sensitive user information from banks and crypto trading services using an open-source remote access tool named AllaKore RAT. The threat aims to install the tool in company-run computers and databases, often bypassing employees’ suspicion by hiding behind official naming schemes and links. The report added:
“The AllaKore RAT payload is heavily modified to allow the threat actors to send stolen banking credentials and unique authentication information back to a command-and-control (C2) server for the purposes of financial fraud.” Read More
XRP Ledger Now Closer Than Ever To Ethereum Compatibility As Second Audit Nears Completion: Developers
The XRP Ledger (XRPL) is almost ready for the launch of its much anticipated Ethereum Virtual Machine (EVM) compatible sidechain, according to developers working on the project.
The project aims to allow Ethereum (ETH) developers, who are used to Solidity, the main programming language for writing smart contracts on Ethereum, to access and build on the XRPL network.
Development firm Peersyst Technologies says on the social media platform X that the new sidechain is waiting for a few components to come together, such as its XChainBridge which is currently being voted on by validators.
The bridge aims to allow users to automatically bridge any token from the sidechain onto the XRPL. Read More
Polygon almost acquired as many users in 2023 as Ethereum: Report
The two blockchains boasted more than 15 million acquired users each, while Bitcoin came in third with 10.65 million, according to blockchain analytics firm Flipside.
Layer-2 scaling network Polygon almost acquired as many crypto users as Ethereum in 2023, according to blockchain analytics firm Flipside.
Polygon, an Ethereum scaling solution, boasted 15.24 million acquired users in 2023, approximately 160,000 short of Ethereum’s 15.4 million.
Flipside defined an acquired user as one who conducted at least two transactions on a particular blockchain, with at least one taking place in 2023.
Interestingly, Polygon led the tally for the first half of 2023 but was ultimately overtaken by Ethereum, which kept the lead throughout the second half of the year. Read More
How to Farm the Drift Protocol Airdrop on Solana
Drift Protocol, the largest perpetual swap futures exchange on Solana, just launched a points program ahead of an airdrop. Here's what you need to know.
Drift Protocol, the largest perpetual swap futures exchange on Solana, just launched a points program. The points program precedes a future airdrop, where Drift will distribute its governance token to community members in an effort to decentralize the protocol.
To date, Drift has seen over $5 billion in volume from around 90,000 users, equating to over $120 million in total value locked in the protocol. The company closed a $23.5 million Series A last October, with contributions from Polychain Capital and Solana Labs co-founder Anatoly Yakovenko, among others.
Drift points will be distributed to users on a weekly basis, and they’ll be giving out 100 million points per week. The protocol’s team has yet to release information on how many tokens will be distributed through the points program in total. Read More
Markethive Leading The Way In Web 3 Social & Market Media
Web 3.0 is the next generation of the internet, which people envision will be more decentralized and permissionless. One that's built on decentralized protocols, where users help with content creation and the governance of the web itself. They also have the ability to own a part of the network, so you can think of it as a Read-Write-Own Internet.
There are already several technologies that could serve as the backbone for a Web 3 world. Most point to blockchains like Elrond, Cardano, or Ethereum, for example, but other distributed technologies like IPFS can also be used to decentralize networks.
Thousands of dApps (decentralized applications) are already being built in the Web 3 environment. These often include native tokens to add value to the application to those who hold the tokens. These native crypto assets allow those who participate in the network to share in the value generated from it.
Web 3 promises a decentralized alternative where we are all users, owners, and developers. This quote from Fabric Ventures sums it up beautifully,
“Web 3.0 enables a future where distributed users and machines are able to interact with data, value, and other counterparties via a substrate of peer-to-peer networks without the need for third parties—the result: a composable human-centric & privacy-preserving computing fabric for the next wave of the web.” Read More
After a rocky token listing, Manta Network is back in business
Korea has emerged to be a surprising region for the blockchain's ecosystem development, with two of its largest TVL contributors based in the East Asian country.
For zero-knowledge proof-powered layer-2 blockchain Manta Network, its billion-dollar token listing earlier this month did not proceed as expected.
To begin, the blockchain was hit by a distributed denial-of-service (DDoS) attack, where 135 million remote procedure call (RPC) requests temporarily paralyzed the network for a few hours on Jan. 18.
Shortly thereafter, the transfer of 2 million MANTA tokens to the personal wallet of one of its Korean business development representatives also drew investor speculation, to which Manta later clarified that it was merely a first investment support for its decentralized finance (DeFi) project LayerBank. Read More
Rollups Are Coming to Bitcoin Through ‘Superlayer’ Protocol BitcoinOS
Backed by the DeFi project Sovryn, the framework is nearly trustless and has built-in anti-fraud features.
Blockchain developers unveiled a new platform on Thursday meant to catapult Bitcoin into the modern era of decentralized finance (DeFi)—an industry that the original crypto network has largely kept at arms-length.
The new platform, named BitcoinOS, is pitched as a “public good” that uses “sovryn rollups” to create a foundational layer for decentralized apps (dapps) on Bitcoin. Any developer can contribute to it, its founders say, and build new tools in whatever programming language they want.
“Sovryn rollups will use Bitcoin as a data availability (DA) layer as opposed to ZK rollups where the rollup is controlled by a smart contract on the parent chain,” Edan Yago, a core contributor to BitcoinOS, told Decrypt. “Because Bitcoin does not have such smart contracts, ZK rollups are impossible on Bitcoin.” Read More
How to revoke smart contract access to your cryptocurrency
Learn how to revoke smart contract access and safeguard your crypto assets effortlessly in this concise guide.
A smart contract hosted on a blockchain autonomously executes once all the specified terms or conditions in a contract or agreement are satisfied, negating the need for intervention by an intermediary.
The terms of the contract are written in machine-readable code. Once the smart contract is complete, it is irreversible and legally binding, raising the question: Is it possible to terminate a smart contract? And more importantly, can smart contracts be reversed?
This article discusses whether it is possible to revoke smart contracts and, if possible, how one can revoke smart contract access to their cryptocurrency holdings. Read More
What is open interest in the crypto futures market?
Open interest is a key concept in financial markets, especially when trading futures and options. It represents the total number of active contracts for a specific financial instrument that exists at any given moment.
A futures contract means that two parties have agreed to buy or sell the underlying asset at a specified price on or before a predetermined future date. Open interest represents the total number of contracts that have not been offset or fulfilled by delivery, as opposed to trading volume, which measures the total number of contracts exchanged within a given period of time.
Open interest is a key metric that traders and analysts use to assess market sentiment and anticipate future price movements. The fundamental idea behind open interest is that it offers information about the general activity of the market, as well as possible future moves. While falling open interest can point to a deteriorating trend, rising open interest implies growing market interest and the potential for long-term price trends. Read More
Disclaimer: These articles are provided for informational purposes only. They are not offered or intended to be used as legal, tax, investment, financial, or any other advice.
