The hacker behind the attack on Ledger’s connector library stole assets 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 (Twitter) flagged the incident on Dec. 14, claiming that a popular Web3 connector was […]

Update (Dec. 14 at 2:45 pm UTC): This article has been updated to clarify that Ledger has reportedly fixed the issue. The front end of multiple decentralized applications (DApps) using Ledger’s connector, including Zapper, SushiSwap, Phantom, Balancer and Revoke.cash were compromised on Dec. 14. Nearly three hours after the security breach was discovered, Ledger reported that the malicious version of the […]

Yesterday, during a conversation with Bloomberg Television reporter Kailey Leinz, U.S. SEC Chair Gary Gensler discussed the implementation of new mandates for hedge funds aimed at reducing risks in the broader financial system. He also touched upon the challenges in the crypto market, highlighting the issue of noncompliance affecting many investors. Here are the key points from the interview: New […]

Cryptocurrency guru ‘The Flow Horse’ is waving a caution flag, hinting that some big shake-ups might be headed our way in the crypto sphere. The hype is real around the upcoming approval of a spot Bitcoin ETF, expected to send BTC prices soaring. But The Flow Horse is throwing shade on the parade, pointing out that most of this buzz […]

In a consultative document published on Dec. 14, the Basel Committee on Banking Supervision of the Bank for International Settlements (BIS) proposed several measures on targeted adjustment to its standard on banks’ exposure to crypto assets.  The document is the result of the review work conducted during 2023, which helped the committee formulate amendments to its original prudential standards for banks’ exposure […]

Binance and other cryptocurrency firms based in the United Arab Emirates are optimistic that the country will remain a hotspot for virtual assets despite a potential shift to the United States should the Western superpower become a more crypto-friendly jurisdiction. The “regulation by enforcement” regime in the U.S. has pushed global crypto firms to move to locations such as the […]

Axel Springer, one of the largest media companies in Europe, is collaborating with OpenAI to integrate journalism into ChatGPT artificial intelligence (AI) technologies, the German publisher said in a statement on its blog on Dec. 13. The collaboration involves using content from Axel Springer media brands to advance the training of OpenAI’s large language models. It aims to achieve a […]

Bonk’s debut on Coinbase fueled a 40% surge, solidifying its legitimacy and trading volume. BONK’s rise aligns with the booming Solana ecosystem, attracting investors seeking high-performing assets. BONK integrates with real-world applications like NFT payments and burns, contributing to its longevity. Fans of cryptocurrency truly understand just how dynamic the space is and how quickly something new can go “viral”. […]

Hitachi Research & Development is teaming up with blockchain developer Concordium Foundation to create a “proof of technology” for a biometric crypto wallet, according to a December 12 announcement. The new wallet will allow users to generate a set of seed words using just their fingerprints or facial scan. It will not require users to store these seed words or […]