China News by Thebittimes.Com

Empowering True Financial Ownership with Non-Custodial Crypto Wallets! In an age where digital innovation is reshaping finance, non-custodial crypto wallets are emerging as powerful tools for individuals seeking true control over their assets. Unlike traditional custodial services—where a third party holds and manages your funds—non-custodial wallets allow users to retain full ownership and control of their private keys and digital assets. What Are Non-Custodial Wallets? Non-custodial wallets are a type of cryptocurrency wallet where only the user has access to their private keys. This means that you—and only you—have control over your crypto holdings . No banks, no centralized exchanges, and no intermediaries can access or freeze your assets. Popular examples of such wallets include MetaMask, Trust Wallet, and hardware wallets like Ledger or Trezor. Why Ownership Matters In many parts of the world, access to banking is limited, government restrictions are tight, or inflation erodes sa...

Solana’s web3.js library was compromised yesterday in a supply chain attack that installed malicious packages capable of stealing the private keys of users and draining their funds.   The attack was reported by Solana developer @trentdotsol and specifically affected versions 1.95.6 and 1.95.7 of the Solana web3.js library. Since then, a wave of Solana-based developers have come out to confirm they are not impacted by the exploit. Unaffected firms include Solflare, Phantom Wallet, and Helium.  Solana’s web3.js is a JavaScript library accessible to developers wanting to build Solana-based apps. Reports suggest that maintainers of the library may have been targeted by a phishing campaign as attackers gained access to the “publish-access account.” anyone using @solana/web3.js, versions 1.95.6 and 1.95.7 are compromised with a secret stealer leaking private keys. if you or your product are using these versions, upgrade to 1.95.8 (1.95.5 is unaffected) if you ...

As crypto winter and numerous disasters plagued 2022, what is next in Web3 space in 2023? As the world moves toward a more digital future, the concept of Web3 and its potential to revolutionize the internet has become a hot topic in the tech industry. In this interview, SafePal CEO Veronica Wong, shares her insights on the future of Web3 and the current state of the crypto market. She also talks about her thoughts on the challenges and opportunities in the crypto Security space and how SafePal is positioning itself to meet these challenges head-on. Q: In 2022 the crypto space saw some significant turbulence and the crash of several big platforms. What do users need to know entering 2023 as crypto investors, and how can they better protect their digital assets? While black swan events damaged the general faith in crypto, a large part of it was due to the opacity and malpractice of centralized platforms, and not an accurate reflection of the industry as a whole. Crypto is still a nascen...