Author: Yeek.io

During the last couple of weeks, the Ethereum network has been the target of a sustained attack. The attacker(s) have been very crafty in locating vulnerabilities in the client implementations as well as the protocol specification. While the recent patches have led to an overall increased resiliency in the client implementations, the attacks have also demonstrated that a lower-level change to the EVM pricing model is needed. For many users, the most visible consequence is probably that they are having difficulties getting transactions included in blocks, and full nodes are facing memory limitations in managing the bloated state. This is…

Originally launched as a collection of 8,888 penguin-themed non-fungible tokens, Pudgy Penguins has grown into one of the standout names in the NFT space. It is part of a creative project that combines endearing artwork with a vibrant community of collectors, enthusiasts, and investors. With physical toys emerging and expansion plans underway, this project bridges the gap between digital art, community building, and global recognition in both digital and physical worlds. What is Pudgy Penguins? Pudgy Penguins is a well-known NFT collection featuring 8,888 adorable, penguin-inspired digital collectibles. Each penguin in the set is distinct, with unique traits that make…

Homepage > News > Finance > China stresses digital asset regulation in financial stability report The People’s Bank of China (PBOC), the country’s central bank, has highlighted global efforts to regulate digital assets in its annual financial stability report for 2024 whilst also noting that Hong Kong is “actively exploring” a digital asset licensing regime. The China Financial Stability Report, released on December 27, included a section dedicated to digital assets, in which the PBOC pointed out that 51 jurisdictions globally have issued bans or restrictions on digital assets. Specifically, it mentioned how some economies adjusted existing laws, such as…

LINK prices have surged by 18% in just three days after retesting a critical support level near $19. The token whale activity intensified as over 1.40 million LINK were accumulated, signaling potential for further rally. Chainlink [LINK] has been at the center of crypto investors’ attention after a recent significant surge. In the last three days alone, LINK surged by about 18% after its bounce off from the key support zone at around $19. The rebound indicates the asset strength despite the volatile market. Source: TradingView Adding fuel to the rally is a notable increase in whale activity. According to…

Ransom victim recounts harrowing ordeal as kidnappers force transfer of life savings. On Dec. 25, 2024, in Karachi, Pakistan, seven suspects—including an officer from the Counter-Terrorism Department—were taken into custody on suspicion of participating in the kidnapping of a cryptocurrency trader and demanding a ransom of $340,000. While confirming that one CTD officer had been arrested, Inspector General of Police Ghulam Nabi Memon stated that attempts were still underway to capture another police officer implicated in the crime. The victim, 30-year-old Mohammed Arsalan, was kidnapped from Manghopir, a well-known neighborhood in the northwestern part of Karachi. According to Arsalan, the…

The Ethereum network will be undergoing a hard fork at block number 2463000, which will likely occur between 12:00 and 13:00 UTC on Tuesday, October 18, 2016. A countdown timer can be seen at https://fork.codetract.io/. As a user, what do I need to do? Download the latest version of your Ethereum client: What happens if I do not participate in the hard fork? If you are using an Ethereum client that is not updated for the upcoming hard fork, your client will sync to the pre-fork blockchain once the fork occurs. You will be stuck on an incompatible chain following…

As global liquidity remains tight, the Bitcoin market ($BTC) is navigating through a challenging environment, with rising U.S. Dollar strength creating headwinds for the leading cryptocurrency. However, looking ahead to 2025, there are reasons to be optimistic about Bitcoin’s potential, especially with the historical seasonal trends and macroeconomic pressures that may come into play. As global debt levels rise and U.S. Treasury interest costs increase, the Dollar’s dominance could face challenges, paving the way for a more favorable environment for digital assets like Bitcoin. Additionally, the beginning of a U.S. presidential term historically provides a boost to the markets, offering…

Hunter Horsley links corporate power consolidation to crypto demand. The CEO of Bitwise Asset Management, Hunter Horsley, has suggested that the economic policies of the Trump administration could have a major impact on the cryptocurrency sector. In a recent tweet, Horsley noted that the potential deregulation of mergers and acquisitions could allow major companies like Google or Amazon to expand even further through strategic acquisitions. M&As refer to the consolidation of companies, either through the merging of businesses or the purchase of one company by another. This process often helps corporations achieve economies of scale, expand market share, or acquire…

Mist leaks some low level APIs, which Dapps could use to gain access to the computer’s file system and read/delete files. This would only affect you if you navigate to an untrusted Dapp that knows about these vulnerabilities and specifically tries to attack users. Upgrading Mist is highly recommended to prevent exposure to attacks. Affected configurations: All versions of Mist from 0.8.6 and lower. This vulnerability doesn’t affect the Ethereum Wallet since it can’t load external DApps. Likelihood: Medium Severity: High Summary Some Mist API methods were exposed, making it possible for malicious webpages to gain access to a privileged interface that could delete…

At their debut, Solana, Polkadot, Avalanche, and a host of some blockchain networks were dubbed “Ethereum Killers”—they came bearing promises of faster transactions, lower fees, and innovative technology to dethrone Ethereum in the DeFi ecosystem.  While Ethereum had introduced a revolutionary concept with smart contracts, its growing pains led to a fertile ground for these new entrants to make bold claims and showcase their technological innovations. But several years later, how have these contenders fared? Have they lived up to their potential, or has Ethereum maintained its dominance? This article seeks to evaluate the current state of these Ethereum competitors,…