The revelation of the Russian malware called Infamous Chisel, which is currently targeting cryptocurrency wallets and exchange applications, has jolted the crypto community. A joint advisory report from several international agencies has highlighted that this malicious software seeks out certain applications on a device, specifically those tied toBrave browser, Binance and Coinbase exchanges, as well as Trust Wallet. If that wasn’t enough, it also targets the Android Keystore system together with popular messaging platforms, Discord and Telegram.
Shockingly, this malware poses a grave threat to cryptocurrency holders, enabling persistent access to infected Android devices over the Tor network. It collects and exfiltrates valuable victim information from compromised gadgets on a regular basis. The looming question is, can we tackle this devilry head-on and what can we do about it?
On a more positive note, Alchemy, the Web3 development platform, has added support for Base, an L2 incubated by Coinbase, which is built on Optimism’s OP Stack. This alliance provides developers with the necessary tools, products, and services to construct the future of blockchain onchain. The news has been welcomed by the development fraternity and has opened up new opportunities and possibilities.
Meanwhile, Celsius Network has partnered with US Bitcoin Corp (USBTC) to host approximately 8,500 miners with a projected hashrate of 820 petahash (PH). This agreement marks an important advancement in the Bitcoin mining industry with the potential to send ripples of progression in the blockchain landscape.
In another development, amidst the volatile market conditions, the crypto investment landscape in Turkey is seeing significant growth. The KuCoin report notes an increase of 12% in crypto investors aged between 18 to 60 in the last 18 months, indicating an uptick in crypto acceptance as a hedge against inflation.
Simultaneously, BingX is launching a Copy Trading feature in the spot market. This feature allows BingX users to duplicate spot orders from experienced traders, opening doors for newbies to learn from market veterans. Moreover, Bitget has formed a strategic integration with CCData, affording institutional investors access to real-time and historical market data.
In terms of wallet security and innovation, SafePal has announced a limited edition physical-digital wallet in collaboration with the Klaytn Foundation. These wallets come with a unique code for the owner, offering an exclusive opportunity to mint the accompanying NFT via the SafePal App on the Klaytn network.
While these accounts carry both encouraging and nerve-racking narratives, remember that as with every powerful technology, the blockchain and cryptocurrencies will not be without their challenges. However, with precautions in place, creativity on the high and promising developments on the horizon, the crypto community can navigate these perilous waters safely.
Source: Cryptonews
