NFT News by Thebittimes.Com

Altcoins are all cryptocurrencies except for Bitcoin (BTC), which dominates the cryptocurrency market with over 50% of its total capitalization. Every cycle, however, the altcoins massively outperform the leader with staggering gains—this is known as an altseason, likely to start. Notably, many cryptocurrency traders and analysts have warned about an imminent altseason throughout 2024, which has not yet come. Now, a known crypto and stock trader, Jelle , provided a clearer perspective on the altcoins’ cycle inside a bull market. According to him, altcoins present investors with a “ golden opportunity once in a few years ” to “make a lot of money.” Moreover, Jelle believes this opportunity has already started playing out and urges traders to “not get shaken out.”  Picks for you 2 cryptocurre...

ShuttleFlow will change ownership to be operated and developed by Zero Gravity. ShuttleFlow, the ecosystem multichain protocol operated and maintained by Conflux Foundation, also known as the Shanghai Tree-Graph Block chain Research Institute, will shut down after two years .  The ShuttleFlow technology stack will instead be transferred to Web3 studio Zero Gravity, which will continue to develop the protocol under a new brand. "All user funds are secure and will be migrated from ShuttleFlow to Zero Gravity," developers wrote, adding, "Users who have previously bridged through ShuttleFlow and completed the claim of their bridged assets on the destination chain do not need to undergo any additional operations for the migration." "After ShuttleFlow shuts down its bridging, users can bridge through Zero Gravity's official dApp or continue using the bridging aggregator, which will integrate Zero Gravity when launched." The ShuttleFlow decentralized a...

A British hacker , Joseph O’Connor, aka the PlugwalkJoe, has been sentenced to five years in a United States prison for steal ing $794,000 worth of crypto through a SIM swap attack. The SIM swap attack case O’Connor was initially arrested in Spain in July 2021 for his involvement in a SIM swap attack on a crypto exchange executive in 2019. He was later extradited to the United States on April 26, 2023. In May, he pleaded guilty to several charges, including conspiracy to commit computer intrusions, wire fraud, and money laundering. You might also like: Cyber heists in digital playground, school-age hackers steal millions in NFTs The identity of the hacked crypto executive has not been disclosed. Between March and May 2019, O’Connor and his co-conspirators successfully executed SIM swap attacks on three company executives. By gaining unauthorized access to multiple accounts and computer systems, they could steal and divert cryptocurrency worth approximat...