Thieves stole over $100 million worth of non-fungible tokens in the year to July, blockchain research firm Elliptic said on Wednesday, as the fast-emerging digital asset became a new front in crypto’s hacking problem. NFTs are blockchain-based assets that represent digital files such as images, video or text. The market surged in 2021 as crypto-rich […]
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Phantom, a Solana-based crypto wallet announced that it will allow users to start burning non-fungible-tokens (NFTs) to protect Solana users from crypto scammers. This comes weeks after the Solana blockchain was the victim of the latest crypto theft with thousands of users reporting their funds being drained without their knowledge. “Spam is a hard problem to […]
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KFC India is entering the crypto space by dropping KFC BuckETH, the quick service restaurant chain’s own non-fungible token (NFT) collection. The NFT, curated from designs by artists across the country, is up for grabs in a social media contest. The winner of the contest will also get a year’s supply of KFC, according to […]
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Twenty-eight-year-old Nikhil (name changed), a crypto investor based out of Pune hopped on to several dating apps, but had no luck. But one night this year, he was messaged by “a beautiful woman” on Twitter, who claimed to be from Singapore. What followed was a match better than what any dating site could offer. The […]
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It looks like ethereum’s mega-upgrade is happening. Finally. After years of delays, the “Merge” seems all but certain to take place in September, with the cryptography underlying the blockchain undergoing a radical shift to a system where the creation of new ether tokens becomes far less energy-intensive. “It’s an exciting time for the ethereum ecosystem,” […]
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Tencent said that owners of existing collectibles will still be able to hold, display or request a refund Tencent said that owners of existing collectibles will still be able to hold, display or request a refund Chinese internet giant Tencent Holdings’ non-fungible token (NFT) platform Huanhe will no longer release digital collectibles to the public, […]
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In a fresh announcement, NFT marketplace OpenSea said that it is updating its stolen digital asset policy. This comes as non-fungible-token (NFT) scams remain one of the biggest challenges in the crypto space as cybercriminals look for new ways to empty users’ digital assets, which can be worth millions. What happens if you buy a […]
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Meta agreed not to close until 11:59 p.m. on Dec. 31 or until the first business day after the judge decides whether the case may go forward Meta agreed not to close until 11:59 p.m. on Dec. 31 or until the first business day after the judge decides whether the case may go forward Meta […]
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As Ethereum takes its final step towards The Merge, it will change the cryptocurrency consensus mechanism from Proof-of-Work (PoW) to Proof-of-Stake (PoS). This improvement could also be the solution to fix non-fungible-token’s (NFT) energy issues. In simple, the Ethereum network is all set to be 99 per cent less energy-intensive, shifting the power from the […]
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Creating a non-fungible-token (NFT) and selling it on any marketplace comes with a significant cost (also known as gas fee) which can range starting $10 to even $1000 dollars depending on the blockchain and the platform you use. But, there are ways to avoid gas fee completely and mint (create) your NFTs for free. It […]
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