Author: Dren.H

Blowfish exposes two new Solana scam drainers, Aqua and Vanish, exploiting bit-flip attacks in the scam-as-a-service market. In a recent analysis on February 9, shared through the social media platform X, the Web3 security entity, Blowfish, unveiled the emergence of two sophisticated Solana scam drainers. These malicious entities, named Aqua and Vanish, exhibit a novel threat in the digital currency landscape, leveraging a tactic known as a bit-flip attack. Moreover, this technique manipulates a transaction’s conditional statement even after the transaction receives authentication through a user’s private key. The marketplace for scam-as-a-service tools, where these drainers are obtainable for a…

Spot Bitcoin ETFs surpass $10 billion in AUM a month after launch, signaling strong investor confidence in Bitcoin. Recently, the collection of nine newly approved spot Bitcoin ETFs has surpassed a significant financial landmark, amassing over $10 billion in assets under management (AUM) by February 9. This achievement comes merely a month after their introduction to the market, showcasing the growing investor interest and confidence in Bitcoin as a legitimate investment vehicle. The initiation of these spot Bitcoin ETFs has been met with substantial enthusiasm, as indicated by the $2.7 billion net inflow recorded on January 9, primarily spearheaded by…

Kraken bypasses Super Bowl ads, focusing on global crypto education over U.S.-centric hype. As the Super Bowl LVIII approaches on February 11 in the United States, a question looms over the cryptocurrency community: Will there be a noticeable absence of crypto ads, akin to last year’s event? Despite the Super Bowl’s impressive viewership, which has surpassed 100 million annually since 2010, Kraken, a leading crypto exchange, expresses disinterest in participating in what it views as an event with a primarily American audience. This decision highlights a strategic shift in crypto advertising, moving from a focus on hype to a more…

OKX expands to Argentina, enhancing its Latin American presence with a full range of crypto services. OKX, a leading cryptocurrency exchange, has officially expanded its services to Argentina, marking a significant step in its strategy to penetrate the Latin American market further. This move into Argentina follows its successful launch in Brazil in late 2023, underscoring OKX’s commitment to broadening its footprint across the region. Argentina, currently ranked 15th on the Chainalysis 2023 Global Crypto Adoption Index, is witnessing a surge in cryptocurrency adoption. This index evaluates countries based on their engagement with cryptocurrencies, considering both on-chain transactions and real-world…

Bitcoin and Solana lead market gains, Ethereum rises, amidst a week of significant cryptocurrency market recovery and innovation. In the crypto world, this week has been remarkably positive, with Bitcoin and Solana showcasing notable increases, each climbing over 11% in the past week. Ethereum closely followed with impressive gains, contributing to an overall buoyant atmosphere in the crypto market. After a start that hinted at a lackluster week, major digital currencies experienced a significant uptick, with Bitcoin surging past the $47,000 mark, as per CoinGecko data, marking an 11% increase. Industry experts, in discussions with Decrypt, attribute Bitcoin’s rally to…

Crypto Twitter is excited with the rise of Farcaster, mixed views on Vision Pro, and unanimous support for Ethereum’s Dencun upgrade. The cryptocurrency community on Twitter has recently been excited with discussions centered around breakthroughs in both software and hardware technologies. This surge of interest is largely attributed to Farcaster, an emerging decentralized social media protocol, alongside other groundbreaking tech developments. Farcaster has rapidly evolved from an under-the-radar project to a shining star within the crypto space. This transformation is largely due to its introduction of Frames on January 26—a feature that integrates gaming, NFT minting, and shopping directly within…

Yuga Labs faces backlash over high Ethereum fees, considers blockchain alternatives for its NFT minting. Yuga Labs, the powerhouse behind popular crypto collectibles like Bored Ape Yacht Club and CryptoPunks, recently stumbled over another NFT minting debacle. The incident, tied to their Ape-themed metaverse project Otherside, sparked outrage among its community, highlighting ongoing frustrations with Ethereum’s high transaction fees. This latest mishap raises questions about the future of Otherside’s operations on Ethereum and whether an alternative blockchain, possibly ApeChain, might be the solution. The controversy began when Yuga Labs announced a reward system for players of the Otherside platform’s game,…

February sees major crypto token unlocks worth millions, potentially impacting market dynamics and prices. This February could bring significant movements within the cryptocurrency market as hundreds of millions of dollars in previously locked tokens become available. Key players like Aptos, The Sandbox, Avalanche, and others are on the brink of injecting a massive influx of tokens into circulation. Consequently, this strategic release of digital assets could potentially reshape market dynamics, influencing token supplies and investor strategies alike. Token Unlocks: A Strategic Market Play Kicking off the series of token releases, Aptos could make an impact on Super Bowl Sunday by…

Astrophysicist predicts Bitcoin to reach $1 million by 2033 using a scientific “Power Law” model based on natural phenomena. In a model that captures the essence of Bitcoin’s price trajectory, an astrophysicist presents a compelling argument for its exponential growth. Dubbed the “Bitcoin Power Law,” this model suggests a future where Bitcoin could potentially reach a staggering $1 million by the year 2033. Created by Giovanni Santostasi, a former physics professor, this innovative approach applies mathematical and scientific principles to forecast Bitcoin’s price evolution on a logarithmic scale. This methodology, which aligns both price and time on an exponential curve,…

Upcoming gaming token airdrops offer gamers rewards and stakes in projects like Heroes of Mavia, Portal, and Pixels. Crypto airdrop events are significant, especially within the gaming community. This phenomenon has been gaining momentum as various apps, protocols, and projects leverage the early signs of a potential bear market to distribute their tokens. Additionally, airdrops are essentially a method for projects to distribute new tokens to their early supporters and contributors, fostering widespread token distribution for decentralized governance. Upcoming Gaming Airdrops You Shouldn’t Miss This week marks the launch of the eagerly awaited Heroes of Mavia airdrop, with several other…