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London police block 43 crypto phishing web domains
An update from the police commissioner announced that authorities in London discovered a spoof address pretending to be from blockchain.com and found 42 more phishing web domains related to the account.
The National Fraud Intelligence Bureau (NFIB), a police unit in the United Kingdom dedicated to analysing and gathering fraud and finance-related cybercrime intelligence, has blocked 43 web domains linked to fraudulent activities.
According to an update from the temporary commissioner of the City of London Police, Pete O’Doherty, the NFIB discovered a spoof email address purporting to be from the crypto site blockchain.com. The authorities found that 42 more web domains have been registered, including “actionfraud.info” and “department-fraud.com.” The authorities blocked the addresses as soon as they were discovered.
The NFIB urged people who fall victim to cybercrimes to report it through their official channels and hotline. The police unit said that as of December 2023, it had removed almost 300,000 malicious websites due to the reports. Read More
With Quantum Computing Looming, New Crypto Alliance Preps for Life On the Other Side
Whether years or decades away, a new coalition is preparing for a post-quantum world.
Hoping to get ahead of unknown and unpredictable risks, the Linux Foundation announced the launch of the Post-Quantum Cryptography Alliance (PQCA), a group dedicated to addressing security vulnerabilities that are likely to emerge when quantum computing technology begins to infiltrate IT infrastructure, financial systems and national security.
Founding members include tech giants Amazon Web Services, Google, IBM, and NVIDIA, as well as cybersecurity firms and research institutions.
“With the rapid advancements in quantum computing, the need for robust cryptographic solutions that can withstand attacks from future cryptographically relevant quantum computers has become paramount,” Jim Zemlin, executive director of the Linux Foundation, said in the Tuesday news release. Read More
Scam-as-a-service: New Solana drainers identified
The drainers, available on scam-as-a-service marketplaces, can flip a conditional within an on-chain transaction.
Web3 security firm Blowfish has detected two new Solana drainers that can perform bit-flip attacks, according to a Feb. 9 analysis shared on social media platform X.
The drainers, Aqua and Vanish, were flagged modifying a conditional within on-chain data, even after a user’s private key was used to sign a transaction. According to Blowfish, the drainers’ script is available for a fee in marketplaces offering scam-as-a-service tools.
The Blowfish team broke down the method used by the drainers to flip data and steal funds: “On Solana, a dApp can be given authority to submit a transaction. If the dApp’s on-chain program includes a conditional that allows it to send the user SOL or drain their account, a drainer could flip that conditional at any time,” reads the analysis. Read More
Why Treasure Is Building ‘Infinity Chains’ on Arbitrum to Power Ethereum Games
Despite offers from Optimism and others, the decentralized gaming ecosystem is doubling down on Arbitrum with its Treasure Chain.
Crypto gaming ecosystem Treasure had options. Built on Arbitrum, the platform—which currently spans 15 games—attracted proposals from the Optimism, zkSync, and SKALE teams in recent weeks to migrate to another Ethereum scaling network.
Instead, Treasure intends to double down on Arbitrum. This week, the ecosystem’s core team announced plans to launch a Treasure Chain built on Arbitrum and using its existing MAGIC token to pay for gas, with a web of “Infinity Chains” that can power the various games being built around Treasure. Read More
A democratic society values a free-flowing media ecosystem. A healthy media ecosystem is one of the characteristics of a democratic society. Mass media outlets such as newspapers and cable TV networks were prominent in the past. Today, the internet and social media platforms allow for greater communication across society.
Journalism, investigative correspondents, and even freelance writers are essential to that ecosystem. High-quality reporting revealing brutal truths and users' scope and exposure on social media to either create or access information are forces that can drive genuine societal change. And even keep the power structures in check.
Despite the positive aspects mentioned above, harmful practices and negative external forces related to the media ecosystem often eclipse them. These issues are usually easy to recognize once they’re identified. Therefore, it is important to acknowledge them and spread awareness about their potential risks.
Doing so will help you make informed decisions about how you use media and how it can impact your life and the lives of others. The following are a few issues pervasive in many digital news sites, forums, and social media platforms. Read More
Markethive Media has embraced blockchain technology and cryptocurrency, building an ecosystem that belongs to “we the people,” eliminating many of the issues plagued by media outlets today. With its meritocratic culture, dynamic social media interface, and growing community, Markethive is enhancing and bringing the platform into the future internet with new technology and interfaces, but still in keeping with the human touch.
Can Torrevieja become Europe’s first crypto-friendly city?
Torrevieja, a tourist hub in the Alicante province of Spain, will allow stores to accept payments in crypto, paving the way for greater adoption.
Torrevieja, a tourist hub in the Alicante province of Spain with a population of 82,000, intends to become “the first crypto-friendly city in Europe” by letting its stores accept cryptocurrencies.
On Feb. 6, the official website of the Torrevieja administration announced the city’s “ambitious digital transformation project,” a collaboration between the Department of Commerce of Torrevieja City Council and the Association of Small and Medium Merchants of Torrevieja.
To transform Torrevieja into a crypto-friendly city in Europe, the local government and businesses will digitize local commerce using blockchain technology.
The first phase will “focus on promoting commerce” through the use of cryptocurrencies in transactions, allowing customers to pay for products and services with cryptocurrencies and “other crypto assets.” Read More
Raging Inferno: Over 3% of All Ether Supply Has Been Burned Since Implementing EIP-1559
Ethereum has shed a significant part of its supply since the London upgrade, applied in August 2021. According to ultrasound.money, a portal that records several statistics associated with the ETH burn, over 4 million ether (3.2%) have been removed from the network since the adoption of EIP-1559, which changed how fees are calculated.
Ethereum has reduced its supply significantly since the London upgrade, which was applied to the network in August 2021. The implementation of Ethereum Improvement Proposal 1559 (EIP-1559), a proposal that changed how fees are calculated and introduced a burn rate depending on the activity of the network, has introduced a significant decrease in the issuance of ether.
According to ultrasound.money, this decrease has reached over 3% of the current supply of ether in the whole market. Read More
Ordinals Could Create Completely Different Bitcoin Ecosystem, Says Binance Research – Here’s Why
Researchers at Binance say that ordinals could lead to a massive overhaul of the Bitcoin (BTC) ecosystem in the coming years.
Bitcoin ordinals allow users to inscribe digital data such as images and videos to a single satoshi, or an individual unit of BTC, to create the equivalent of non-fungible tokens (NFTs) on the crypto king’s network.
Since their popularization, ordinals have dominated the fee economy on the Bitcoin blockchain.
In a new report, Binance Research says ordinals are driving new developer communities into Bitcoin and bringing new life to an ecosystem that has previously faced uncertainty as to where future miner revenue will come from. Read More
Ginger Joy raises £1 million for Web3 blockchain-based mobile gaming startup
Ginger Joy, the Web3 mobile gaming startup, has announced its most recent round of fundraising of £1 million. This capital will be used to develop mobile-native gaming ecosystems with blockchain-based interoperability.
Ginger Joy is a spin-off company of Matchingham Games, an established UK developer with nearly 500 million installations globally and over 120 staff members.
The new startup has been bolstered by a veteran management team from across the gaming sector, including Matchingham’s Art Director and CGI Supervisor to Netflix, Soner Yurtseven joining as Art Director and Jeremy Stein from Epic/Tonic joining as Product Development Manager.
Professionals from mobile games Fall Guys and Subway Surfers, as well as the animation studio PIXAR, have also joined Ginger Joy. The team will bring cross-sector gaming experience to Ginger Joy, going beyond a narrow focus on product design to user-generated content and Web3 infrastructure. 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.
