Author: ZeroToHero

Cryptocurrencies offer individuals control over their assets and access to a diverse global market. However, navigating the crypto sphere can be daunting, especially when securing cryptocurrencies, nonfungible tokens (NFTs), and other forms of digital assets. In this article, we’ll demystify the crucial components of crypto wallets and seed phrases, highlighting recovery options and alternative solutions. What Is a Crypto Wallet? A crypto wallet serves as a digital vault for cryptocurrencies, NFTs, and other tokenized assets. Unlike traditional wallets, it doesn’t store actual crypto assets. Instead, it holds the private keys, which act like passwords, granting users access to their funds on…

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In the ever-evolving landscape of cryptocurrencies, Worldcoin (WLD) has recently made waves by achieving a remarkable milestone: over one million daily users. This surge in adoption has propelled the native token, WLD, to new all-time highs (ATH), even amidst privacy concerns and regulatory scrutiny. In a remarkable week for the cryptocurrency market, Worldcoin has emerged as a standout performer. Co-founded by OpenAI CEO Sam Altman, Worldcoin’s native token (WLD) has surged by over 140% in just seven days. What’s driving this meteoric rise? The answer lies in the project’s innovative approach and a significant milestone achieved by its wallet app. The World App Milestone Worldcoin’s…

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Sui, a Layer 1 blockchain project, has recently experienced a remarkable surge in total value locked (TVL), surpassing both Aptos and Cardano. Let’s delve into the details of this impressive growth: The Rise of Sui Sui, built by former Meta (formerly Facebook) employees, has seen its total value locked (TVL) soar from $211 million to an impressive $593 million since the beginning of the year 1. The SUI token has also performed well, rising by 131% during the same period. Sui now stands ahead of Aptos, Cardano, and Near in terms of capital locked on decentralized finance (DeFi) protocols. The Inflow and Comparison In the past 30 days, $310 million has been bridged to…

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Decentralized crypto exchange FixedFloat has recently fallen victim to a significant security breach, resulting in the loss of approximately $26 million worth of Bitcoin (BTC) and Ether (ETH). The attack was confirmed by the exchange team on February 18, shortly after reports surfaced on X (formerly Twitter) 1. The Attack Unveiled Users began noticing irregularities on the FixedFloat platform, including frozen transactions and missing funds. On-chain data revealed that over 400 Bitcoin (worth around $21 million) and more than 1,700 Ether (worth nearly $5 million) were drained on February 18. The exchange initially attributed the outflows to “minor technical problems” and temporarily switched its services to maintenance mode. However, it soon became evident that the situation…

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In a concerning turn of events, a fake version of Rabby Wallet, a crypto wallet app, has been wreaking havoc on unsuspecting users of the Apple App Store. Despite being flagged by vigilant users, the malicious app remains available for download. Let’s delve into the details: The Imposter App On February 16, 2024, the team behind DeBank’s Rabby Wallet confirmed that any app currently listed on the store is fake, as their official app is still under review. The imposter app appears on the App Store under the name “Rabby Wallet & Crypto Solution” by a company called “Solution Development.” Shockingly, this fraudulent app has been listed on the store…

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KuCoin, one of the prominent centralized cryptocurrency exchanges, has recently announced its support for Starknet (STRK), a rapidly expanding modular blockchain designed to secure and interconnect rollups. This exciting development brings STRK tokens to the KuCoin platform, opening up new opportunities for traders and investors. Key Details: Deposits: Effective immediately (Supported Network: Mainnet) Trading: Starts on February 20, 2024 Withdrawals: Available from February 22, 2024 Trading Pair: STRK/USDT What is Starknet? Starknet is a Validity-Rollup (aka ZK-Rollup) Layer 2 network that operates on top of Ethereum, enabling dApps to massively scale without compromising on security. It achieves this by bundling…

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The Growing Importance of DeFi The cryptocurrency industry and decentralized finance (DeFi) have witnessed exponential growth in recent years. With billions of dollars locked into DeFi protocols, the allure for cybercriminals has intensified. Unfortunately, DeFi protocols have become prime targets for hacks, resulting in substantial losses for users. In 2022 alone, crypto hacks led to a staggering $3.8 billion in stolen digital assets, as reported by Chainalysis1. Introducing ERC-7265 In response to these vulnerabilities, a group of Ethereum developers proposed the ERC-7265 standard. This Ethereum Improvement Proposal (EIP) introduces a circuit breaker mechanism designed to enhance security and mitigate cyber risks within DeFi protocols.…

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In a groundbreaking collaboration, GoDaddy, the world’s largest domain registrar, has joined forces with the Ethereum Name Service (ENS). This strategic partnership aims to bridge the gap between traditional domain names and blockchain technology. Let’s explore how this integration unlocks new possibilities for domain owners and crypto enthusiasts. This come as a shock despite both parties in court  because ENS sued GoDaddy Over Sale of Ethereum Domain Name Service’s Vital Eth.link Address Understanding the Gap The Role of Domain Names For over three decades, domain names have been essential in establishing unique online identities. They serve as digital addresses, enabling communication, commerce,…

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In a groundbreaking move, Linea, the ConsenSys Layer 2 network, has unveiled its Alpha V2 upgrade. This upgrade promises to revolutionize Ethereum finalization costs, making it more accessible and cost-effective for users. Let’s delve into the details of this game-changing development. Understanding Linea What Is Linea? Linea is a Layer 2 chain built on the Ethereum ecosystem. Leveraging ZK-Rollups, it aims to address scalability challenges while maintaining compatibility with Ethereum applications. During its testnet phase, Linea garnered significant attention, emerging as one of the largest active projects on the Goerli testnet1. Alpha V2 Features The Alpha V2 upgrade introduces two critical features: Proof Aggregation:…

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Web3 security firm Blowfish has recently detected two new Solana drainers capable of performing bit-flip attacks. These drainers, known as Aqua and Vanish, were flagged for modifying a conditional within on-chain data, even after a user’s private key was used to sign a transaction1. How Do These Drainers Work? Conditional Manipulation: On the Solana blockchain, a decentralized application (dApp) can be authorized to submit a transaction. If the dApp’s on-chain program includes a conditional that allows it to send the user SOL (the native token of Solana) or drain their account, a drainer could flip that conditional at any time. Victim Unaware: Initially, the victim signs what appears to…

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