Press Release Today TheBitTimes.com

Ethereum gas fees reportedly breached the $200-mark for certain high-priority transactions in the last 24 hours. A recent spike in transaction fees on Ethereum and Bitcoin appears to have reignited the debate around solutions for scalability and the role of layer 2s. Over the last 24 hours, cryptocurrency users began sharing screenshots showing double, occasionally triple-digit transaction fees on Ethereum and Bitcoin. One screenshot showed gas fees were as high as $220 for a high-priority transaction on Ethereum while other screenshots showed figures around the $100 mark. Bitcoin users meanwhile, reported fees that were around $10 for high-priority transactions. While this is relatively low, the average Bitcoin (BTC) transaction cost has hovered around $1 over the last three months, according to BitInfoCharts. BTC fees haven’t been this high since May. #Saitama #SaitaRealty To Add to Below Post This isn't even Height of Bull Run Already #ETH Gas Fees are Extortionate $175.79 T...

Security expert Jameson Lopp said some users lost Ethereum tokens because of the lack of a secure storage method. The demand for Ethereum self-custody solutions is growing, according to Jameson Lopp, co-founder and chief technology officer of Bitcoin wallet provider Casa. In a conversation with Cointelegraph at Bitcoin 2023, Lopp stated that Casa has found it necessary to provide Ethereum support due to the increased number of Ethereum users seeking the service. Incidents like the collapse of FTX in 2022 have raised awareness of the need for a secure way to store Ethereum and Ethereum tokens such as stablecoins, Lopp said: “I’ve actually spoken to Casa clients who suffered losses as a result of some of the collapses last year. Those that kept their Bitcoin in Casa did well, but some of them ended up losing other things — even stablecoins, for example — because they didn’t have a way to put those into a distributed cold-storage setup.” In order to respond to this problem, Casa announce...

The attacker appears to be attempting to cash out funds using Binance and Changenow. The Bitkeep exploit that occurred on Dec. 26 used phishing sites to fool users into downloading fake wallets, according to a report by blockchain analytics provider OKLink. The report stated that the attacker set up several fake Bitkeep web sites which contained an APK file that looked like version 7.2.9 of the Bitkeep wallet. When users “updated” their wallets by downloading the malicious file, their private keys or seed words were stolen and sent to the attacker. 【12-26 #BitKeep Hack Event Summary】 1/n According to OKLink data, the bitkeep theft involved 4 chains BSC, ETH, TRX, Polygon, OKLink included 50 hacker addresses and total Txns volume reached $31M. — OKLink (@OKLink) December 26, 2022 The report did not say how the malicious file stole the users’ keys in an unencrypted form. However, it may have simply asked the users to re-enter their seed words as part of the “update,” which the s...