CertiK, on Wednesday, claimed that it found a vulnerability with the Solana Saga phone.

Saga is an Android device — the first being offered by Solana.

The auditor said in a post on X that the phone has a bootloader vulnerability. Essentially, a backdoor can supposedly be installed on the phone allowing the initial software responsible for the starting of the device to be compromised. 

“The boot loader is unlocked and software integrity cannot be guaranteed. Any data stored on the device may be available to attackers, Do not store any sensitive data on the device,” a screengrab from CertiK’s accompanying video shows the Solana phone’s screen following the backdoor install.

The…

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Even though you may know me as a cryptocurrency journalist, I first started my writing career as a translator for sex books. 

My career was short-lived: After completing only two books in the A Queen Until the Very End: Be First in Life and in Bed series, I was ghosted by the publisher.

All this is to say that, when I received a pitch in my inbox toward the tail end of the Sam Bankman-Fried trial with the subject line: “New book a companion piece to the SBF trial, My First Crypto Sex Party, I felt like this PR person had unwittingly reached the perfect audience.

I promptly settled down to read this new book by Honey Justine (who exists nowhere but her Amazon author page) over my…

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The Securities and Exchange Commission on Wednesday announced that it will “designate a longer period within which to take action on the proposed rule change” for Grayscale’s Ethereum Futures Trust. 

The filing pushes the deadline to Jan. 1, 2024. 

In the filing, the SEC said that the “Commission shall either approve or disapprove, or institute proceedings to determine whether to disapprove, the proposed rule change.” Essentially, the regulatory agency has another window to push back a decision.

Bloomberg analyst James Seyffart posted on X that the delay of the 19b-4 filing was not “remotely surprising.”

Grayscale filed in early October to convert its Ethereum Trust…

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One of the core value propositions of blockchain technology is its resilience, which follows from decentralized and redundant infrastructure. Yet components vital to the everyday use of crypto rails, such as RPC nodes, often still rely on a centralized architecture, making them vulnerable.

To address this, Infura, a leading Web3 API provider and a part of Consensys, revealed its collaboration with 18 major internet infrastructure companies, including Microsoft and Tencent Cloud. This alliance, kicked off at Devconnect in Istanbul, aims to establish the Decentralized Infrastructure Network (DIN).

DIN, described as a decentralized RPC-as-a-service, is a new venture that provides…

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Crypto firm Bakkt appears to be returning to digital asset custody as its primary business, adding support for six new coins, according to an announcement on Nov. 15. 

Aside from Bitcoin (BTC) and Ethereum (ETH), Bakkt will expand its custodial support to include Bitcoin Cash (BCH), Dogecoin (DOGE), Ethereum Classic (ETC), Litecoin (LTC), Shiba Inu (SHIB), and USD Coin (USDC). The company expects to add more coins to its custodial services early next year.

The custody of digital assets focuses on the safeguarding of cryptographic keys, which are crucial for accessing and transferring assets. Various security measures are employed by custodians, such as Bakkt, to protect assets, including…

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Ethereum Layer 2 networks reached a new milestone on November 10, reaching $13 billion of total value locked (TVL) within their contracts, according to data from blockchain analytics platform L2Beat. According to industry experts, this trend of greater interest in layer 2s is likely to continue, although some challenges remain, especially in the realms of user experience and security.

Ethereum layer 2 TVL. Source: L2Beat.

According to L2Beat, there are 32 different networks that qualify as Ethereum layer 2s, including Arbitrum One, Optimism, Base, Polygon zkEVM, Metis, and others. Prior to June 15, all of these networks combined had less than $10 billion of cryptocurrency locked within…

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Circle, the issuer of the stablecoin USDC USDC/USD, has introduced the Circle Alliance Program. This initiative aims to unite businesses, institutions, and protocols across various sectors such as fintech, traditional finance, consumer applications, payments, banking, and Web3.

As detailed in their blog post, to join the Alliance, participants are required to utilize Circle’s stablecoin and Web3 services on a global scale.

USDC’s market cap in the past month has seen a drop of 5% reflecting the increasing competition in the rapidly growing stablecoin market. This comes on the heels of Circle considering an IPO, valued at $9 billion, as early as 2024 after it failed a SPAC merger in…

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