Tag: Report

Solana hoses down ‘inaccurate’ CertiK report on Saga phone security flaws

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A recent video from blockchain security firm CertiK made a series of “inaccurate” claims about a potential security vulnerability in Solana’s crypto-enabled Saga phone, Solana Labs has said.  In a Nov. 15 post on X (formerly Twitter), CertiK claimed the Saga phone contained a “critical vulnerability” known as a “bootloader unlock” attack which would supposedly allow a malicious actor to install a hidden backdoor in the phone. Ever wondered about the security of your Web3 devices? Our newest exploration reveals a significant bootloader vulnerability in the Solana Phone, a challenge…

OpenSea NFT users report massive email phishing campaign

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Users of the major nonfungible token (NFT) marketplace OpenSea have said they are being targeted with a new email phishing attack, and have received emails containing malicious links from attackers posing as the marketplace itself. According to social media reports, OpenSea users and developers have been targeted by various email phishing campaigns, including a fake developer account risk alert and a fake NFT offer. One OpenSea developer took to X (formerly Twitter) on Nov. 13 to report receiving a phishing attempt to an email strictly dedicated to their OpenSea Application…

Blockchain.com $110M funding round halves its 2022 valuation: Report

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Crypto exchange and wallet provider Blockchain.com closed a $110 million Series E financing round, an investment that more than halves its previous 2022 valuation of $14 billion. In a Nov. 14 blog post, Blockchain.com said the closing of its Series E round was led by the United Kingdom-based venture capital firm Kingsway Capital. It also saw participation from Baillie Gifford, Lakestar and Coinbase Ventures, among others. A Nov. 14 Bloomberg report citing sources familiar with the matter said the $110 million round places Blockchain.com at less than half of its…

Crypto Exchange Bithumb Gearing Up To Go Public on Korean Stock Market: Report

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A South Korean-based cryptocurrency exchange is reportedly planning to conduct an initial public offering (IPO) in 2025. In a new report, South Korea’s business publication Edaily says that Bithumb, which began operations in 2014, plans to go public in the second half of 2025. According to the report, Bithumb has picked Samsung Securities, a subsidiary of the Samsung Group, as the IPO’s underwriter. While Bithumb has yet to confirm its plans to go public, the firm told Edaily that “it is true that we have selected an underwriter.” Funding appears to…

Goldman Sachs leads $95M funding round for blockchain payment firm Fnality — Report

Global investment bank Goldman Sachs and French universal bank BNP Paribas have reportedly led a new funding round for Fnality, a blockchain-based wholesale payments firm backed by Nomura Group. Fnality has raised 77.7 million British pounds ($95.09 million) in a second round of funding, Reuters reported on Nov. 13. In addition to Goldman and BNP Paribas, the fund raise involved participation by settlement houses like Euroclear and Depository Trust and Clearing Corporation. Other investors included the global exchange-traded fund firm WisdomTree and Fnality’s existing investor Nomura. There was also additional…

Consumer Price Index (CPI) Report Expected to Provide Some Guidance as to Potential Bitcoin Rally

Bitcoin bulls may be hoping that the expected CPI report may present some respite for BTC, which has struggled to maintain momentum. The general financial market is anticipating the Consumer Price Index (CPI) today to put some figures in perspective regarding the state of the economy. In addition to economic indicators, the content of the expected CPI will hopefully provide bulls with information that may pump Bitcoin. Bitcoin and the CPI For a few weeks, the market witnessed an interesting rally that saw the price of Bitcoin climb almost 40%. However,…

Executives Behind Backpack Wallet Gearing Up To Launch New Crypto Exchange That Aims To Protect User Funds: Report

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The creators of the Backpack wallet are reportedly gearing up to launch a new crypto exchange with the ethos of properly securing user funds. Trek Labs, a firm led by Backpack wallet creator Armani Ferrante and former FTX general counsel Can Sun, has received a crypto license from the United Arab Emirates’ regulators, the Wall Street Journal (WSJ) reports. As part of the launch, the venture aims to sell a 10% stake to investors at a valuation of more than $100 million. Backpack wallet is already an established wallet, especially…

Australian regulators will compel businesses to report cyberattacks: Report

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Australian authorities will oblige local companies to be fully transparent and report any ransomware cyberattacks on their businesses. The country’s economy lost $2.59 billion to cybercrimes in 2021.  According to a Nov. 13 report by the Australian, the national cybersecurity strategy, which is set to be revealed in November, will feature a mandatory system under which local businesses must alert the government to ransomware cyberattacks. However, this obligation won’t be backed by a fine if the company fails to comply. The companies will still be allowed to pay ransoms, although…

Bithumb plans to be first crypto exchange listed on Korea stock market: Report

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Crypto exchange Bithumb plans to become the first digital asset company to go public on the South Korean stock market.  Local news outlet Edaily reported on Nov. 12 that Bithumb is getting ready for an initial public offering (IPO) on the KOSDAQ — South Korea’s version of the United States Nasdaq — with an expected listing date set for sometime in the second half of 2025. Bithumb declined to confirm whether the IPO was going ahead but admitted they had recently selected an underwriter, a company tasked with guaranteeing the…