Best Twitter threads of the day – May 16th

Related articles

• McCarthy riles up House GOP in Biden govt shutdown

  TL;DR Breakdown House Speaker Kevin McCarthy confronts GOP members over federal spending disagreements. McCarthy faces threats from critics demanding a $120 billion cut from the previously agreed budget with President Biden. The House remains in session until a spending agreement is reached to prevent a government shutdown after September 30th. Description Kevin McCarthy, the U.S. House Speaker, showed exasperation as he confronted fellow Republicans in a dramatic standoff concerning federal spending. His message was clear – there’s no winner if the government faces a shutdown. Yet, this looming crisis underscores the deep fissures within the Republican Party, as members grapple with budgetary challenges and pressures from … Read more Kevin McCarthy, the U.S. House Speaker, showed exasperation as he confronted fellow Republicans in a dramatic standoff concerning federal spending. His message was clear – there’s no winner if the government faces a shutdown. Yet, this looming crisis underscores the deep fissures within the Republican Party, as members grapple with budgetary challenges and pressures from different factions. Intense Closed-Door Confrontations The tension reached its peak in a closed-door party gathering. There,…

  Article 2023年9月15日

• Vietnamese crypto investors heavily rely on word of mouth

  TL;DR Breakdown A recent study reveals 75.5% of Vietnamese crypto investors rely on friends’ referrals for investment decisions, 2.5 times higher than the U.S. Other significant information sources include self-study, media news, and community groups. The “Vietnam Cryptocurrency Market Report” 2023 suggests 70% believe the bear market is nearing its end, while 75% want more crypto regulation. Description Vietnam’s surging cryptocurrency market is undergoing a distinctive evolution. Where many might expect high-tech digital forums or cutting-edge financial analysts to guide investment choices, the reality in Vietnam is simpler: people trust their friends. The Overarching Power of Word of Mouth As the world grapples with the buzz of cryptocurrency, Vietnam has carved a unique … Read more Vietnam’s surging cryptocurrency market is undergoing a distinctive evolution. Where many might expect high-tech digital forums or cutting-edge financial analysts to guide investment choices, the reality in Vietnam is simpler: people trust their friends. The Overarching Power of Word of Mouth As the world grapples with the buzz of cryptocurrency, Vietnam has carved a unique niche for itself. An overwhelming 75.5% of Vietnamese cryptocurrency…

  Article 2023年8月31日

• Web3 developer discovers a bug in Celer’s SGN

  TL;DR Breakdown Web3 developer Jump Crypto has discovered a bug in Celer’s State Guardian Network. Celer addresses vulnerability and explores bug bounty expansion. Web3 developer Jump Crypto has recently discovered a critical vulnerability in Celer’s State Guardian Network (SGN), potentially compromising the network and applications dependent on it, including Celer’s cBridge. Jump Crypto’s postmortem report revealed that the vulnerability allowed malicious validators to exploit a bug in the SGN EndBlocker code, enabling them to vote multiple times on the same update. The Web3 developer releases his report This flaw in the code allowed malicious actors to amplify their voting power, potentially approving harmful or invalid updates. Celer, a Cosmos-based blockchain facilitating cross-chain communication, released parts of the off-chain SGNv2 code on GitHub, prompting Jump to review the script and privately notify Celer’s protocol team about the vulnerability. Celer promptly addressed the issue, fixing it before any malicious exploitation occurred. The vulnerability presented a range of options for malicious validators, including the ability to manipulate on-chain events such as bridge transfers, message emissions, and staking and delegation on Celer’s main SGN…

  Article 2023年5月27日

• Huobi fixes data breach involving sensitive information for 4,960 users

  TL;DR Breakdown Crypto exchange Huobi has fixed its data breach after a massive data leak that allegedly put users’ funds at risk since June 2021 The exchange risked exposure of its sensitive information, such as VIP user data and technical infrastructure of the exchange However, it took months for the exchange to respond to the white hat hacker Description Crypto exchange Huobi has fixed its data breach after a massive data leak that allegedly put users’ funds at risk since June 2021. The data leak had information on almost all the over-the-counter (OTC) transaction information from 2017 to 2021, with some of the data being VIP user data and information on the technical infrastructure … Read more Crypto exchange Huobi has fixed its data breach after a massive data leak that allegedly put users’ funds at risk since June 2021. The data leak had information on almost all the over-the-counter (OTC) transaction information from 2017 to 2021, with some of the data being VIP user data and information on the technical infrastructure of the exchange. Huobi risked exposure of its…

  Article 2023年7月5日

• CryptoUK clashes with Treasury Committee over-classification of cryptocurrency as gambling

  TL;DR Breakdown CryptoUK has criticized the recent regulation in the cryptocurrency sector. The Treasury Select Committee has equated cryptocurrency investment and trading to gambling. The government has been urged to reconsider its position on cryptocurrency regulation by CryptoUK. The recent regulation in the cryptocurrency sector in the United Kingdom (UK) has faced criticism from an advocacy group. The group has disapproved of the U.K. Parliament Treasury Select Committee’s move, arguing that cryptocurrency should be regulated as gambling. CryptoUK has released a scathing statement opposing the conclusion reached by the Treasury Select Committee. The association labeled the Committee’s findings as “unhelpful, false, fundamentally flawed, and unsubstantiated.” CryptoUK further expressed dissatisfaction, asserting that the statement from the Committee failed to truly grasp the cryptocurrency industry’s essence, purpose, and immense potential. Challenging the government’s stance, Ian Taylor, a Board Advisor at CryptoUK, raised a thought-provoking question: Would the government be willing to disregard the substantial tax revenue, amounting to tens of millions of pounds, generated from the buying and selling of unbacked crypto assets? This new development presents a captivating angle, with CryptoUK…

  Article 2023年5月18日