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Beware of This Trojan: It May Steal Your Wallet Details and Seed Phrase from Your Phone Photos
A newly discovered strain of mobile malware, dubbed SparkKitty, has been found in various apps on Apple's App Store and Google Play, disguising itself as cryptocurrency-themed and modified apps to secretly extract images of sensitive information such as seed phrases and wallet credentials. This malicious software appears to be an evolution of the SparkCat campaign, which was first identified in e…
June 24, 2025, 11:46 a.m.
Tech
Ethereum Upgrade Proposal Aims to Double Network Speed and Reduce Transaction Fees
The Ethereum network may soon experience a significant speed boost. A newly proposed idea by core developer Barnabé Monnot suggests cutting the network's block time in half, from 12 seconds to 6 seconds, which would essentially double the number of blocks produced every minute. This concept is part of EIP-7782 and could potentially be included in the upcoming Glamsterdam upgrade, slated for 2026.…
June 24, 2025, 10:37 a.m.
Tech
Norway Proposes Temporary Ban on Crypto Mining to Conserve Energy
The Norwegian government, led by the Labour Party, intends to impose a temporary ban on new cryptocurrency mining data centers that utilize energy-intensive proof-of-work systems, as reported by Reuters. If approved, the proposed rule is expected to come into effect in autumn 2025, with the goal of preserving electricity capacity for more productive sectors. According to Minister for Digitalizati…
June 23, 2025, 12:12 p.m.
Tech
Cointelegraph Website Compromised by Malicious Front-End Exploit
A recent security breach on the Cointelegraph website involved a front-end exploit that displayed a deceptive pop-up, falsely advertising 'Cointelegraph ICO Airdrops' and 'CTG tokens'. This malicious banner instructed users to link their cryptocurrency wallets in order to receive approximately $5,500 worth of tokens, referencing a supposed 'fair launch' event and a fake CertiK audit in an attempt…
June 23, 2025, 5:27 a.m.
Tech
CoinMarketCap Experiences Temporary Security Breach with Phishing Wallet Verification Pop-Ups
A recently discovered vulnerability in CoinMarketCap's front-end system was exploited by hackers, who used a seemingly innocuous doodle image to inject malicious code and trigger fake wallet verification pop-ups across the website. The security incident, confirmed by CoinMarketCap, involved the use of its backend API to deliver a manipulated JSON payload that embedded JavaScript into the home…
June 21, 2025, 3:28 p.m.
Tech
Crypto Firms Under Attack: North Korean Hackers Disguise Malware as Job Applications
Researchers at Cisco Talos have uncovered a North Korean hacking group targeting cryptocurrency workers with a Python-based malware disguised as part of a fake job application process. The majority of the victims appear to be based in India and have prior experience in blockchain and cryptocurrency startups. Although there is no evidence of internal compromise, the risk remains that these efforts…
June 20, 2025, 8:38 a.m.
Tech
Project Eleven Secures $6M Funding to Safeguard Bitcoin Against Quantum Computing Threats
Project Eleven has successfully raised $6 million in funding to bolster bitcoin's defenses against the looming threat of quantum computing, which could potentially render the network's core cryptography obsolete. The funding round was co-led by Variant Fund and Quantonation, with participation from Castle Island Ventures and founding investors Nebular and Formation. According to Alex Pruden, CEO …
June 19, 2025, 1 p.m.
Tech
The Protocol: Polyhedra Introduces Buyback Plan Following Liquidity Attack
Welcome to The Protocol, CoinDesk's weekly cryptocurrency tech development roundup. I'm Margaux Nijkerk, CoinDesk's Tech & Protocols reporter. This issue covers key network news, including Polyhedra's response to a significant token price drop. Polyhedra, a cryptocurrency protocol, has announced a buyback plan to restore confidence after its token, ZKJ, experienced an over 80% price drop in minut…
June 18, 2025, 4:15 p.m.
Tech
Polyhedra Attributes 80% ZKJ Price Decline to Liquidity Attacks, Announces Token Buyback Plan
In response to its token's sudden 80% price drop, Polyhedra, a cryptocurrency protocol that achieved unicorn status last year, is implementing a token buyback plan and taking additional measures to restore trust within the crypto community. According to founder Tiancheng Xie, the current focus is on assessing the situation and preventing future financial attacks, stating, 'We will buy back more…
June 17, 2025, 11:50 a.m.
Tech
Optalysys Launches Revolutionary Blockchain Server
Optalysys, a UK startup specializing in secure computing, has introduced the world's first server capable of processing blockchain data on a large scale without decrypting it. The LightLocker node utilizes Fully Homomorphic Encryption (FHE), a mathematical technique that enables computations on encrypted data without compromising its security. Over the past year, several companies have explored F…
June 16, 2025, 10:09 a.m.