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Showing posts with the label wallets

Careful when signing messages in Ethereum Pectra

The Ethereum blockchain forked today for its Pectra code change and introduced a suite of new Features , upgrades, and vulnerabilities. However, within an hour of the changeover, concerned users were warning about a new threat vector: message signing. “Be careful what you sign… It is enough to drain all tokens,” posted one user to Telegram. Another Ethereum user echoed the warning, saying, “You only have to sign a message to get completely drained!” Many other warnings flagged similar risks . Ethereum’s Pectra upgrade included Ethereum Improvement Proposal (EIP) 3074, which has introduced new AUTH and AUTHCALL Ethereum operation codes. These opcodes allow the holder of an Ethereum private key to delegate authorization to a smart contract. Developers called it an important step in achieving account abstraction. However, critics say it has introduced new phishing attacks that allow theft of all assets in a user’s wallet once they delegate control of their keys. ...

Trezor hardware wallets introduce compatibility for Solana, SPL tokens

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Trezor, a leading web3 hardware wallet manufacturer, now supports SOL and SPL token s, aligning with the current upswing in interest and searches for Solana. The announcement on the social media platform X highlights that Trezor’s hardware wallets , the Safe 3 priced at $79 and the Model T at $179, now seamlessly integrate with these Solana-based token s. The Safe 3 boasts enhanced security Features with a specialized chip, while the Model T incorporates a touchscreen interface. "When Solana?"  Today is the day, Trezor supports @solana Both the Trezor Model T and Trezor Safe 3 now support SOL as well as all SPL tokens. pic.twitter.com/ug1lGtvXwv — Trezor (@Trezor) December 20, 2023 You might also like: Trezor launches two new hardware wallets Supporting over 8,000 coins and tokens, Trezor’s hardware wallets empower users to manage their assets efficiently, facilitating secure transactions, receipt of funds, and trading activities. SOL, the ...

Bitcoin millionaire wallets triple in 2023

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In 2023, the number of Bitcoin wallets with a total value of coins exceeding a million dollars has tripled. According to BitInfoCharts, 23,795 Bitcoin (BTC) millionaires were registered in the market in January 2023. As of this writing, the number has risen to 81,925, an increase of 237%. The indicator began to grow actively against the backdrop of positive crypto market dynamics and Bitcoin updating its annual highs. Bitcoin distribution | Source: BitInfoCharts However, million aire wallets are not personal to individual users, as crypto exchanges and financial institutions own many addresses with over $1 million worth of BTC. According to Glassnode, the number of addresses holding more than $1 million worth of Bitcoin peaked during the last bull market in November 2021. It hit a record 112,573 addresses on Nov. 9, 2021, right before Bitcoin reached its all-time high of $69,000. Meanwhile, since the beginning of the year, the number of so-called “wholecoiners”— wallets ...

Venom on-chain activity grows, over 1 million wallets registered

A recent press release reveals that Venom has registered over one million wallets barely three months after testnet launch. Over 1 million wallets registered on Venom Following the launch of the Venom testnet on April 26, there has been a noticeable surge in growth. Specifically, registered wallets connected to the mainnet exceeded the 1 million mark in July. This near-exponential growth, the project says, can be attributed to their base technology, strict regulatory compliance, and secure and user-friendly environment. Combined, these Features have been attracting diverse users, including experts and newbies.  In June, Venom’s growth was evident in multiple planes. For instance, the blockchain processed over 277 million transactions, a 46% increase from May. At the same time, the number of accounts deploying smart contracts rose by 65% to 28 million. You might also like: Venom Foundation launches hackathon with a $225,000 prize pool Mor...

Trezor to produce chips for hardware wallets to shorten supply cycle

Trezor wants to respond quickly to demand-triggering events like the FTX collapse by taking control of wallet chip production. Hardware wallet manufacturer Trezor is accelerating the production of new Trezor wallet s by producing its own wallet silicon chips . Trezor officially announced on Feb. 27 that the firm will start facilitating the production of its own key component, the chip wrapper, in its flagship product, Trezor Model T. The move aims to significantly optimize Trezor wallet s’ production, reducing lead times in the supply cycle from two years to several months. The optimization will also eliminate delays in shipping finished products and protect consumers from exposure to price fluctuations based on component supply and demand, Trezor said. As previously reported, demand for Trezor wallets spiked by at least 300% in the aftermath of the FTX collapse in November 2022 as crypto investors rushed to move their crypto holdings from centralized crypto exchanges. Prior to b...