Crypto developers plummet 22% despite increasing prices

Despite the positive price movement in recent weeks, the software development aspect of the crypto industry is trending in the opposite direction.

According to a report by venture firm Electric Capital, the number of active developers working on open-source crypto projects has declined by 22 percent over the past year.

In June, there were 21,300 active developers, compared to 27,200 the previous year. This decline may be attributed to developers finding more enticing...

10 July 2023 | Blockchain

Syntax error breaks KmsdBot cryptomining botnet

A syntax error broke an otherwise advanced cryptomining botnet called KmsdBot.

The malware, which could also be used for distributed denial-of-service (DDoS) attacks, was discovered by Akamai Security Research.

Akamai’s researchers witnessed the authors “accidentally crash” KmsdBot after observing the malware stopped sending attack commands after receiving:

!bigdata www.bitcoin.com443 / 30 3 3 100 

The lack of a space between the website and the...

6 December 2022 | Hacking & Security

OpenWallet aims to support Web3 wallet development

The Linux Foundation has announced OpenWallet, an initiative to support the development of Web3 digital wallets.

“We are convinced that digital wallets will play a critical role for digital societies,” said Jim Zemllin, Executive Director of the Linux Foundation.

“Open software is the key to interoperability and security. We are delighted to host the OpenWallet Foundation and excited for its potential.”

OpenWallet aims to develop a secure and...

13 September 2022 | Blockchain

Elon Musk is not ‘for or against’ decentralised platform Ethereum

Elon Musk says he's not "for or against" decentralised platform Ethereum, following rumours of using it for a project.

Musk was responding to a tweet from cryptocurrency proponent William Shatner, of Captain James T. Kirk fame from Star Trek. The tweet from Shatner was originally posted back in May, but Musk took time off from launching shuttles to respond this week:

https://twitter.com/elonmusk/status/1278730873999949824

Unlike Bitcoin, Ethereum is designed to be...

3 July 2020 | Blockchain