A “fat finger error” led to a decimal point being put in the wrong place and the seller subsequently losing over $250,000. An NFT that was supposed to be sold for roughly $300,000 was accidentally put up for just $3,000, thanks to a typo made by the NFT’s previous owner. The culprit of the “fat…
Tag: Cryptocurrency
Coinbase will let you view your NFT collection in its browser wallet
While Coinbase is better known for its cryptocurrency exchange, the company has also been working on a couple of self-custody wallets under the Coinbase Wallet brand. This type of wallets put you in charge of your crypto assets as private keys are stored on your devices. Today the company is bringing NFTs to the desktop…
Green new era dawns for crypto with global mining shift
Climate change is the issue of our time. From policymakers to the individual, every one of us has a responsibility to do our part to ensure that sustainability and green practices are implemented throughout society. Indeed, governments across the world, from the U.S. to China, are increasingly taking a proactive stance on climate change, with…
Hackers Get Away with Tens of Millions of Dollars Worth of Cryptocurrency
A bug within a crypto finance system known as MonoX allowed hackers to steal over $30 million worth of cryptocurrency An unknown hacker or hacker group has taken advantage of a vulnerability within MonoX Finance, a cryptocurrency service. They used this exploit to steal approximately $31 million worth of cryptocurrency, after artificially inflating the price….
Apple is ‘looking into’ cryptocurrency, says CEO Tim Cook
In an interview today at the NYT Dealbook Conference, Apple CEO Tim Cook confirmed the company was looking into cryptocurrency, but clarified it had no “immediate” plans to launch any crypto-related offerings. While Cook wouldn’t detail any of the areas where the company may be exploring crypto, he did note there were several areas of…
LA’s iconic Staples Center will become the Crypto.com Arena
The arena’s history of perfect names continues. Cryptocurrency will soon be inescapable in Los Angeles, at least for a while. AEG has signed a 20-year rights agreement that will rename LA’s Staples Center to the Crypto.com Arena. Yes, the Clippers, Lakers, Kings and Sparks will all play in a building named after a crypto platform…
Ethereum hits new all-time high, bitcoin inches toward record as cryptocurrencies rally
Key Points: Ethereum, the world’s second-largest digital coin, surged more than 4% in 24 hours Monday to hit a new all-time high above $4,700. Bitcoin climbed 7% to a price of $66,250, inching back toward its record high above $66,900, set in late October. It comes amid ongoing excitement around DeFi, or decentralized finance. Cryptocurrencies…
The internet paradigm shift is here: Are you prepared for Web 3.0?
Permissionless, open source and decentralized, Web 3.0 will transform computing and data storage. Maria Paula Fernandez of Golem Network explains how. The invention of the internet has radically changed the world order. From globalization to hyperconnectivity and digitalization, the internet has been driving change since its inception. It is currently preparing for a paradigm shift…
‘Panda’ Malware Targets Crypto Wallets and Users’ Discord, Telegram Accounts
A new ransomware attack is going after cryptocurrency wallets, along with account credentials from other applications such as NordVPN, Telegram, Discord and Steam. Dubbed “Panda,” the new information-stealing malware (also called infostealer for short) was discovered by Trend Micro, a cybersecurity software company. “Crypto wallets are now as big of a target for online theft as…