Cryptocurrency

The anonymous blockchain sleuth ZachXBT took to his Telegram channel on Oct. 26 to alert users to a phishing attack targeting Trezor customers.Continue Reading on Cointelegraph More

An announcement on Oct. 26 unpacked the discovery of an ERC-4337 account abstraction vulnerability in the smart contract wallet UniPass. The two firms worked together to address the vulnerability, which was reportedly found in hundreds of mainnet wallets during a white hat hacking operation.Continue Reading on Cointelegraph More

In a report, VanEck outlined diverse valuation scenarios for Solana’s (SOL) price to range from a conservative $9.81 to an ambitious $3,211.28 by 2030 (in comparison, Ethereum’s target price is $11,800).Continue Reading on Cointelegraph More

According to the announcement, the roster comprises individuals ranging from tech industry leaders, government representatives spanning from Spain to Saudi Arabia, and scholars hailing from nations such as the United States, Russia and Japan. Executives from prominent technology companies include Hiroaki Kitano, chief technology officer of Sony (NYSE:SONY); Mira Murati, CTO of OpenAI; and Natasha Crampton, chief responsible AI officer of Microsoft (NASDAQ:MSFT).Continue Reading on Cointelegraph More

Mixing fantasy football with blockchain features like nonfungible token (NFT) cards could create an ideal entry point to Web3 for the masses. However, current platforms present complex mechanics for newcomers, and most of them lack in-platform user interaction —a big loss considering the social aspect of fantasy football.Continue Reading on Cointelegraph More

First, it is essential to differentiate between the iShares Bitcoin token on BNBChain and the actual ETF. While both share the same name, their functions, intentions and associations are worlds apart.The iShares token on BNBChain bears no relation to the genuine ETF. The stark reality is that this token was primarily created to imitate the ticker of its legitimate counterpart. Such imitation strategies are not new in the world of decentralized finance. By replicating the tickers of renowned assets, these tokens aim to lure unsuspecting investors into a deceptive trap.The actual event that triggered the sharp decline involved a specific address, identified as 0xf495…5B37, which executed a massive swap of 1,000,000,000,000,000 IBTC in exchange for approximately 394.8 BNB, roughly equivalent to $88K. Such a massive transaction inevitably caused a significant disturbance in the market dynamics, resulting in the token’s value plummeting to zero.Essentially, the creators or those behind such tokens attract investments, inflate the token’s value and then suddenly withdraw all the liquidity, leaving investors in the lurch with worthless tokens. It is a harsh reminder of the high-risk nature of investments, especially of assets that lack a well-established reputation or track record.It is of utmost importance for investors to exercise caution and conduct thorough research before diving into any investment, especially within the crypto space. Names can be misleading, and just because a token shares a ticker or name with a reputable asset does not guarantee its legitimacy.This article was originally published on U.Today More

OpenAI is building a new team dedicated to tracking, evaluating, forecasting and protecting potential catastrophic risks stemming from AI, the firm announced on Oct. 25.Continue Reading on Cointelegraph More

Article 400.5 of the almost 500-page document reveals the planned studies to define crypto assets, which might be taxed appropriately afterward. Crypto asset providers, such as crypto exchanges, will also be given a legal definition. However, the document contains no other details on the future regulations.Continue Reading on Cointelegraph More