According to security platform CertiK, the vulnerability in the vetting process for operators could have allowed an attacker to bypass the verification process and operate an Orb without being interviewed or having a proper ID. “It would not need to be a company,” according to the post.Continue Reading on Coin Telegraph More
The July jobs report released on Aug. 4 was a mixed bag. Hence, it could not shake Bitcoin (BTC) from its range. The report showed the addition of 187,000 jobs, fewer than the 200,000 expected by economists. But average hourly wages remained strong, showing an increase of 0.4% for the month against expectations of a 0.3% rise.Continue Reading on Coin Telegraph More
According to an Aug. 4 report in The Wall Street Journal, Sens. Elizabeth Warren, Tim Kaine and Chris Van Hollen requested the Biden administration provide information on how the U.S. government was working to address the illicit use of digital assets by the Democratic People’s Republic of Korea. The letter cited reports claiming North Korean hackers have been behind the theft of more than $3 billion worth of crypto since 2018, funds being used to fund part of the country’s missile program.Continue Reading on Coin Telegraph More
Kusama responded to Coinbase’s CEO Brian Armstrong’s update with the statement, “If it isn’t a shadowcat, it’s a copycat.“ On Aug. 3, Armstrong mentioned the launch of the Base mainnet in a post on X (formerly Twitter) and highlighted Coinbase’s upcoming Onchain Summer initiative.Continue Reading on Coin Telegraph More
On Aug. 3, the SEC announced that it had obtained a temporary asset freeze, along with a restraining order and emergency relief, against the company operating under the name “DEBT Box” and people associated with the company.The enforcement actions included four principals of the firm, Jason Anderson, his brother Jacob Anderson, Schad Brannon, and Roydon Nelson, as well as 13 other defendants who were allegedly involved in the fraudulent activities.According to the SEC, Digital Licensing Inc. has been selling unregistered securities, referred to as “node licenses,” since March 2021.The company’s website, DEBT Box, claims to be a decentralized and eco-friendly blockchain platform that combines crypto and commodities. It offers “software mining licenses” that purportedly require activation before mining can begin.The company entices investors with promises of daily rewards tied to various industries such as real estate, commodities, agriculture, and technology.DEBT Box offering “mining” projects | Source: DEBT BoxDespite claims of transparency, the SEC uncovered that Digital Licensing Inc. had falsely asserted that these “nodes” would generate crypto tokens through mining, leading to substantial gains for investors as revenue-generating businesses supposedly increased token values.In its complaint, the SEC accuses Digital Licensing Inc. of perpetrating a sham by presenting the node licenses as genuine products while obscuring the fact that the total token supply was artificially created by the company using blockchain code.The SEC’s investigation also revealed that the defendants had allegedly lied about the revenues of businesses tied to increasing token values.In light of all of these accusations, the SEC is seeking permanent injunctions, the return of “ill-gotten gains,” and civil penalties against Digital Licensing Inc.This article was originally published on Crypto.news More
Soon after announcing a partial delisting of certain digital assets from its platform, Revolut took a decision to suspend all crypto services for U.S. users, the firm said in a statement to Cointelegraph on Aug. 4.Continue Reading on Coin Telegraph More
The on-chain analytics platform reports that has just seen its highest level of single-day address activity in three and a half months.This is as 1.07 million unique addresses that interacted with the Bitcoin network at the start of August, the most since April 17.In a tweet, Santiment stated that Bitcoin’s address activity surged to its highest level in 3.5 months in August. It goes on to say that this utility increase, along with big-loss transactions amid negative sentiment, could be a strong sign that a short-term (at the very least) price bounce is more likely.The on-chain analytics firm further noted in an image attached to the tweet that traders have been moving BTC at losses comparable to the most they have had all year, indicating capitulation. This might suggest a buy signal, Santiment noted.The crypto market has remained relatively flat in recent weeks as optimism over a new wave of Bitcoin exchange-traded fund (ETF) applications faded.Santiment noted that lead cryptocurrencies Bitcoin and Ethereum have remained firmly entrenched with the ebbs and flows of the S&P 500. The dollar has risen in the past couple of weeks, which has historically foreshadowed market pullbacks.Santiment urges traders to look out for a reduced correlation between the two asset classes, stocks and crypto, as a breakout signal. Other indicators hint at positivity for Bitcoin. Crypto analyst Ali observes a surge in buy-side demand for BTC as stablecoin inflows to crypto exchanges now surpass BTC inflows, indicating heightened buying interest.Also, the number of Bitcoin on exchanges is now down 30% from its peak in early 2020.This article was originally published on U.Today More
To shed light on the changing environment of cyber threats, this article will discuss the essential elements of a cyberattack, and the stages involved in phishing and ransomware attacks.Continue Reading on Coin Telegraph More
