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Cybersecurity Roundup: Fake WalletConnect App, MoneyGram Data Breach, and More

Cybersecurity Roundup: Fake WalletConnect App, MoneyGram Data Breach, and More

We have compiled the most significant cybersecurity news of the week. A fake WalletConnect app stole over $70,000 in cryptocurrencies. The UK regulator confirmed a data breach at MoneyGram. OpenAI’s X account was hacked again by crypto scammers. A GPS signal attack allowed for remote mapping of a building’s layout. Fake WalletConnect App Stole Over […]

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Hackers Exploit Old Vulnerability to Breach Onyx for $3.8 Million

Hackers Exploit Old Vulnerability to Breach Onyx for $3.8 Million

On September 26th, the DeFi protocol Onyx suffered an attack, resulting in a loss of $3.8 million. This marks the second breach of the platform this year, both times using the same exploit. It seems today’s victim @OnyxDAO (w/ >$3.8m loss) falls prey to a known precision issue in forked CompoundV2 code base. The drained […]

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Bitcoin Surpasses $66,000 as Coinbase Premium Signals Retail Demand

Bitcoin Surpasses $66,000 as Coinbase Premium Signals Retail Demand

On September 26, the Coinbase premium reached a two-week high, indicating bullish sentiment. This was noted by CryptoQuant’s Head of Research, Julio Moreno. Higher demand in the US made Bitcoin rallied today towards $65K. The Coinbase premium increased to the highest level in two weeks. pic.twitter.com/YhJItIGNvY — Julio Moreno (@jjcmoreno) September 27, 2024 This metric […]

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Meta Unveils New AI Assistant, Llama 3.2 Models, and More

Meta Unveils New AI Assistant, Llama 3.2 Models, and More

Meta introduced a series of AI innovations at the annual Meta Connect 2024 event. These include new versions of the large language model Llama 3.2, the Meta AI voice assistant, updates to Ray-Ban smart glasses, and other developments. The Llama family of large language models has been updated to version 3.2. The neural networks have […]

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Grayscale Identifies 20 Promising Cryptocurrencies for Year-End Growth

Grayscale Identifies 20 Promising Cryptocurrencies for Year-End Growth

Analysts at Grayscale have updated their list of 20 digital assets poised to outperform the market in the fourth quarter. Following the latest rebalancing, experts added SUI, TAO, OP, HNT, CELO, and UMA to the “model portfolio.” Removed from the list were RENDER, MNT, RUNE, PENDLE, ILV, and RAY. Data: Grayscale. The analysts reviewed hundreds […]

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Germany Establishes 'Federal Bitcoin Association'

Germany Establishes ‘Federal Bitcoin Association’

Sixty-four members of the Bundestag have founded the ‘Federal Bitcoin Association’. The group will focus on promoting the first cryptocurrency at both national and European levels, as well as creating favorable business conditions. Gestern haben wir im Bundestag den #Bitcoin-Bundesverband gegründet. ?⚡️ 64 Gründungsmitglieder kämpfen nun gemeinsam für ihre Interessen, für finanzielle Bildung und für […]

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Bitcoin Defies Seasonal Trends with a Stellar September

Bitcoin Defies Seasonal Trends with a Stellar September

In September, the price of Bitcoin surged by over 10%, contrasting sharply with the typical average decline of 5.9% for this month, according to Bloomberg. Source: Bloomberg. The altcoin index rose by over 20% due to easing financial conditions amid a global wave of interest rate cuts by the Fed, ECB, and PBOC. On September […]

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Russian Tax Authority to Oversee Miners' Registry

Russian Tax Authority to Oversee Miners’ Registry

The Federal Tax Service of Russia (FTS) will be responsible for developing and maintaining a registry of cryptocurrency miners. This was announced by Deputy Anton Gorelkin on his Telegram channel. The establishment of the registry is a component of the legislative regulation of mining. Besides the tax authority, the Ministry of Digital Development, Communications and […]

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FBI Accuses Crypto Entrepreneur of Bribery and Extortion

FBI Accuses Crypto Entrepreneur of Bribery and Extortion

Adam Iza, head of the crypto trading platform Zort, allegedly paid three officers from the Los Angeles County Sheriff’s Department (LASD) $280,000 a month for illegal search warrants and access to police data, according to an FBI indictment. Admission that Iza paid $280,000 a month to police officers. Source: FBI. He is accused of using […]

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Scaling at full tilt: what is happening on blockchain Layer 3

Scaling at full tilt: what is happening on blockchain Layer 3

As the number of scaling solutions grows, so does demand for their quality and usefulness. In April 2024, Vitalik Buterin backed a sceptical view of L3. He pointed to other, potentially “lighter” ways to achieve the same cost savings. In September, Buterin urged L2 teams to “get their act together”, saying that from next year […]

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Vitalik Buterin Advocates for Increased BLOB Count in Ethereum Blocks

Vitalik Buterin Advocates for Increased BLOB Count in Ethereum Blocks

The number of BLOBs in Ethereum blocks should be increased to enhance Layer 2 throughput, according to Vitalik Buterin, co-founder of the network. In March, the Dencun hard fork activated EIP-4844, implementing the Proto-Danksharding option to create a new type of transaction for BLOBs. This space is intended for temporarily storing large volumes of data, […]

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$2 Million Stolen from Bedrock Bitcoin Restaking Protocol

$2 Million Stolen from Bedrock Bitcoin Restaking Protocol

Hackers exploited a vulnerability in the synthetic token uniBTC, allowing them to steal $2 million from the Bedrock Bitcoin restaking protocol. ⚠️Important Announcement from the Bedrock Team We want to inform you that the Bedrock team is aware of a security exploit involving uniBTC. The issue has been handled and funds are SAFU. We want […]

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