Peer-to-peer trading platform NFT Trader suffered a security breach on Dec. 16, allowing hackers to steal millions of dollars worth of nonfungible tokens (NFTs). NFT Trader confirmed the incident on X (formerly Twitter), saying the attack targeted old smart contracts, urging users to revoke delegations to two addresses: 0xc310e760778ecbca4c65b6c559874757a4c4ece0 and 0x13d8faF4A690f5AE52E2D2C52938d1167057B9af. Among the NFTs stolen are at…
The Bitcoin ecosystem has witnessed a dramatic recovery as the market cap of BRC-20 tokens surpassed $4 billion shortly after their invention in January. According to a Dec. 15 research report by cryptocurrency exchange Bitget seen by Cointelegraph, Bitcoin miners’ earnings from on-chain fees have surged from 1.7% in August to 19.57% by November. Meanwhile, daily…
The Ethereum community has officially signed off on the ERC-3643 Ethereum Improvement Proposal (EIP), establishing it as a recognized standard for compliant tokenization of real-world assets (RWAs). According to a Dec. 15 announcement, the proposal reached its final status, meaning it has been formally reviewed, discussed and agreed upon within the Ethereum community. It’s a similar process to the…
The COVID-19 pandemic, rampant inflation and regional conflicts directly influenced Bitcoin’s drop in value over the past two years. However, 2024 promises to be a resurgent period, according to Blockstream CEO Adam Back. The cryptographer, who pioneered the proof-of-work algorithm applied in Bitcoin’s protocol, tells Cointelegraph that the preeminent cryptocurrency is trailing below the historical price trend…
U.S. Securities and Exchange Commission chair Gary Gensler has hinted that the regulator has been rethinking its approach to spot Bitcoin exchange-traded products following a recent Grayscale court decision. Speaking to CNBC on Dec. 14, Gary Gensler was questioned about the long list of pending spot Bitcoin ETF applications. He said the SEC has “between eight and…
The ‘Ledger hacker’ who siphoned away at least $484,000 from multiple Web3 apps on Dec. 14 did so by tricking Web3 users into making malicious token approvals, according to the team behind blockchain security platform Cyvers. According to public statements made by multiple parties involved, the hack occurred on the morning of Dec. 14. The attacker…
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