Aptos Labs, to bring its scrapped Diem project (formerly Libra) to life, is expanding its tools and services using Microsoft's (MSFT) artificial intelligence technology. Multiple zero-day vulnerabilities named 'BitForge' in implementing widely used cryptographic protocols like GG-18, GG-20, and Lindell 17 affected popular cryptocurrency wallet providers, including Coinbase, ZenGo, Binance, and many more. With this crypto daily roundup, you can jumpstart your day with the latest updates on cryptocurrencies like Bitcoin, Ethereum, and more.
Bitcoin shed about half a percent but managed to hold the 29,500 mark, while Ethereum traded slightly lower but sustained above US$1,850. Other popular altcoins like Dogecoin (DOGE), Litecoin (LTC), and Solana (SOL) saw minor movements across the board. The global cryptocurrency market cap was trading slightly lower, falling to the US$1.18 trillion mark as it shed less than-a-per cent in the last 24 hours.
Aptos Labs, a layer 1 blockchain developer started by former Facebook employees to bring the company's scrapped Diem project (formerly Libra) to life, is expanding its tools and services using Microsoft's (MSFT) artificial intelligence technology.
After the announcement, the Aptos token (APT) surged about 15% to US$7.70.
According to a press release Wednesday, Aptos is leveraging Microsoft's infrastructure to deploy new offerings that combine AI and blockchain technology, including a new chatbot called Aptos Assistant, which will answer user questions about the Aptos ecosystem and provide resources to developers who are building smart contracts and decentralized apps. Microsoft's Azure OpenAI Service powers the chatbot.
Multiple zero-day vulnerabilities named 'BitForge' in implementing widely used cryptographic protocols like GG-18, GG-20, and Lindell 17 affected popular cryptocurrency wallet providers, including Coinbase, ZenGo, Binance, and many more.
These vulnerabilities could allow attackers to steal digital assets stored in impacted wallets in seconds without requiring interaction with the user or the vendor.
Coinbase (COIN), the large publicly traded U.S. crypto exchange, said its new Base blockchain had gone live, heralding a new era of public companies running their own distributed networks.
The base was already live for testing by developers, but Coinbase officials said it would be open to the public as of 12 p.m. ET on Wednesday, and that time has now passed.
At Black Hat on Wednesday, researchers from Fireblocks described how financially motivated cyberattackers could exploit the Lindell17, GG18, and GG20 threshold signature schemes (TSS), used for signing off on blockchain transactions by services globally. These protocols are used by popular libraries and wallet providers, including Zengo, Coinbase's wallet-as-a-service, and others.
Zengo and Coinbase have since mitigated the issue, and neither they nor the researchers have identified any attackers taking advantage of the TSS vulnerabilities.
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