Author: CryptoHoppers

Escalating Concerns: Beyond Just Ledger The recent security breach in the Ledger library, initially a significant concern, has now escalated to a more alarming level. It’s not just Ledger users who are at risk – the implications are much broader, affecting a wider range of users in the blockchain and NFT community. The Expanding Scope of the Breach A Widespread ThreatThe issue has deepened, revealing that it’s not only Ledger’s library that’s compromised. This development suggests a more extensive vulnerability affecting various platforms and applications in the blockchain ecosystem. Community Reaction and SpeculationThe reaction from the community, including inquiries and…

Hong Kong (HK) is taking significant strides in digital asset finance in Asia. The city has engaged five major banks, including HSBC Holdings Plc and Credit Agricole CIB, to lead a series of digital green bond sales. This move is a testament to Hong Kong’s commitment to merging advanced financial technologies with sustainable practices, leveraging blockchain technology to boost the financial sector’s efficiency and transparency. A collaborative effort with leading financial institutions The involvement of renowned financial institutions such as the Bank of China (Hong Kong), Industrial and Commercial Bank of China (Asia) Ltd., and UBS Group AG in this…

Exploring the Best Ledger Alternatives: Navigating Security in the Wake of Recent Compromises Seeking Secure Hardware Wallets in Response to Ledger’s Breach The recent security breach in the Ledger library has sent ripples through the cryptocurrency and NFT communities, highlighting the ever-present need for robust security in digital asset management. This incident, involving a significant compromise that extended beyond Ledger to affect various platforms and applications with Ledger integrations, has understandably spurred interest in exploring reliable hardware wallets besides Ledger. This article provides a comprehensive guide to the best Ledger alternatives, catering to users who are now prioritizing different features…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Flare, a blockchain optimized for data, is partnering with Kinetic, a lending and borrowing platform, to bolster the development of decentralized finance (defi) applications on the Flare network. According to an exclusive press release shared with crypto.news, this collaboration aims to introduce lending and borrowing capabilities, deepen liquidity, and help build a robust defi ecosystem on Flare. Under the partnership, Kinetic, backed by Rome Blockchain Labs, will provide a seamless platform for Flare users to participate in defi activities and earn…

Starknet has announced that v0.13.0 is now live on testnet, adding that it comes with two crucial aspects, namely V3 transactions and transaction fee reduction. The objective is to pave the way for features that will make an appearance in the future. This includes Paymaster, Fee Market, and Volition Mode. The idea behind V3 transactions is to enable users to leverage their STRK holdings. They will be utilized to make payments for transaction fees. Ether is the currently accepted token, and the native token will be added to that list. Notably, STRK can be used only after it becomes transferable.…

A Thrilling Close to the Year with Xcopy and Manifold As we approach the end of the year, Xcopy, a renowned figure in the NFT space, is making waves with a series of raffles, airdrops, and an intriguing burn mechanism. This event has caused a stir in the community, especially with the immediate sell-out of the “Max Pain” on Manifold (limited to 500 editions), showcasing the immense popularity and anticipation surrounding Xcopy’s work. The Excitement of “Gouge” and “Wretch” The spotlight falls on two distinctive artworks: “Gouge” and “Wretch.” These pieces embody Xcopy’s unique style, characterized by its gritty, thought-provoking…

According to blockchain security company SlowMist, OKX DEX, a decentralized exchange aggregator platform, lost cryptocurrency valued at over $400,000. An attacker was able to transfer tokens that users had not allowed by compromising the management privileges of a market maker contract, according to the explanation for the vulnerability. On the OKX DEX aggregator platform, a deprecated proxy contract was the subject of a recent vulnerability that allowed a hacker to obtain administration access to the contract without authorization. OKX DEX: Deprecated Contract Raises Concerns When a protocol stops actively using a contract to carry out user transactions, it is considered…

This year, the emerging sector of gaming within the blockchain, popularly known as GameFi, has faced a significant downturn, primarily attributed to a noticeable dearth of interest and traction among enthusiasts. Reports indicate that the initial enthusiasm surrounding GameFi has waned throughout the year, leading to a less-than-rosy outlook for the industry. Despite these apparent challenges and a somewhat subdued current state, recent findings in a comprehensive report shed light on a more optimistic future for GameFi. Released on December 11, an analysis conducted by Fortune Business Insights predicts a substantial resurgence and growth in the global blockchain gaming market…

Data has always been the central concern since the early days of the Internet. Prolific problems associated with data accessibility, accuracy, management, and security have greatly intensified when the Internet transitions to its decentralized version – Web3. Say you want to query something like, “Polygon wallets with a balance greater than $10,000.” To get this information, you would need to navigate several blockchain explorers, understand data structures, and decipher technical jargon. Even if it works, there is no guarantee the resulting data will be usable or reliable. What if it’s not working at all? As you can imagine, Web3 data…

Embracing the Digital Renaissance: Christie’s NFT Auction Triumph Christie’s Next Wave, a pioneering event in the digital art auction space, concluded with impressive results, selling 15 out of 24 showcased artworks for a total of 104.639 ETH, approximately $230,000 USD. This event marks a significant moment in the blending of traditional art auction formats with the burgeoning world of NFTs and digital art. Top Performers: A Showcase of Digital Mastery The auction featured a diverse array of digital artworks, with “The Thought of You” by Ryan Koopmans leading the sales at 20 ETH. Other notable sales included Elman Mansimov’s “alignDRAW,…