Day: December 20, 2023

Ledger Commits To Full Restitution For Victims Of $600,000 ConnectKit Attack

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Hardware wallet manufacturer Ledger has responded to a recent security breach resulting in the theft of $600,000 worth of user assets.  The company has pledged to enhance its security protocols by eliminating Blind Signing, a process where transactions are displayed in code rather than plain language, by June 2024. Ledger Takes Responsibility For ConnectKit Attack In a statement, Ledger emphasized its focus on addressing the recent security incident and preventing similar occurrences in the future.  The company acknowledged the approximately $600,000 in assets that were impacted by the ConnectKit attack,…

ZKFair aims to reshape zero knowledge layer-2 with community ownership and innovation

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. ZKFair is set to release a zero-knowledge (ZK) community-driven layer-2 network, according to a press release shared exclusively with crypto.news.  The layer-2 platform launched its testnet in early December and plans to deploy on the mainnet on Dec. 20.  Moreover, ZKFair will also distribute 100% of its tokens to the community through a fair airdrop. This approach ensures everyone has an equal opportunity to participate in the network’s growth and development.…

Ethereum Exchange Balances Drop Drastically, What This Means For ETH Price

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Ethereum is currently ranging around $2,200, with its price undergoing a calm volatility in the past 7 days. New data from Santiment has revealed the current sentiment among Ethereum whale addresses, as the total supply on exchanges recently hit a new low. According to the on-chain analytics platform, more than 240,000 ETH have left 10 of the biggest ETH exchange wallets in the past 24 hours.  As a result, the cumulative number of ETH deposited across crypto exchanges dropped from 8.03 million ETH to 7.79 million ETH in a single…

Is Chainlink and Polygon About to Rip Higher? Whales Accumulating

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According to Lookonchain data on December 20, whales are actively accumulating Chainlink (LINK) and Polygon (MATIC) and moving them from Binance, one of the world’s largest cryptocurrency exchanges by trading volume.  Citing on-chain transfers, Lookonchain notes that LINK is specifically seeing significant accumulation from a fresh wallet labeled “0x8eAD,” which has withdrawn 247,860 LINK worth approximately $3.5 million from Binance in the past two days. Meanwhile, two new wallets, “0xa813” and “0x38b3”, have been actively accumulating MATIC, withdrawing 5 million MATIC worth around $3.13 million from Binance earlier today. Chainlink whale…

Grayscale meets with SEC, Hashdex releases ad

Grayscale meets with the SEC again to discuss its spot Bitcoin ETF application, and Hashdex becomes the second firm to post a crypto ETF ad.  According to reports, Grayscale met with the SEC on Tuesday to discuss potential rule changes to their ETF application. The leaked memorandum shared by Bloomberg reporter James Seyffart shows that Grayscale is still pushing for in-kind and cash transactions for their spot Bitcoin ETF. In-kind transactions refer to the process where ETF shares are created or redeemed by exchanging securities, like stocks or bonds, instead…

Analysts predict Bitcoin surge to $160k by 2024

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Several analysts suggest that Bitcoin’s value could skyrocket to nearly $160,000 by 2024. This surge is anticipated due to the Bitcoin halving event and the growing excitement around potential spot ETFs in the United States.  The Bitcoin halving will effectively reduce the availability of new BTC on the market, and it has been a historical precursor to significant price rallies. The next halving is set for April 2024, and market traders seem to be factoring in its potential impact on the cryptocurrency’s value. CryptoQuant, an on-chain analytics provider, recently told…

Head-And-Shoulders Breakout Or Bearish Dip Below $200?

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The Binance Coin (BNB) price is crucial as market analysts offer differing viewpoints on the cryptocurrency’s potential direction. While one analyst presents a bullish case, anticipating a breakout and surge beyond $300, another raises concerns about a dip below $200. BNB Price Analysis Crypto analyst Ali Martinez suggests that BNB price could be on the verge of breaking out of a head-and-shoulders pattern.  Martinez emphasizes the significance of a sustained close above $261, which could catalyze BNB’s upward trajectory toward $310. With a 2.9% gain over the past 24 hours…

The Protocol Newsletter’s 2024 Blockchain Tech Predictions

Over the past few weeks in The Protocol, we’ve documented how Ordinals inscriptions, colloquially known as “NFTs on Bitcoin,” are adored by fans, appreciated by fee-hungry miners, and hated by some blockchain purists. A big hit earlier in the year, they’ve now fully caught a “second wind,” as Reflexivity Research put it, helping to drive up Bitcoin transaction fees to an all-time high. They’ve also gone mainstream: Last week, a trio of Ordinals inscriptions from the “BitcoinShrooms” collection – two Super-Mario-Style mushroom characters and a pixelated avocado – sold at…

Trezor hardware wallets introduce compatibility for Solana, SPL tokens

Trezor, a leading web3 hardware wallet manufacturer, now supports SOL and SPL tokens, aligning with the current upswing in interest and searches for Solana. The announcement on the social media platform X highlights that Trezor’s hardware wallets, the Safe 3 priced at $79 and the Model T at $179, now seamlessly integrate with these Solana-based tokens. The Safe 3 boasts enhanced security features with a specialized chip, while the Model T incorporates a touchscreen interface. Supporting over 8,000 coins and tokens, Trezor’s hardware wallets empower users to manage their assets…