Shiba Inu Unveils Special SHIB-Themed Crypto Wallets, Redefining the Shibaverse

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• Gold and not Bitcoin becomes a safe haven amid Fitch’s US credit downgrade

  TL;DR Breakdown Amid the ongoing market turmoils, investors in the United States of America have resulted to gold as a hedge to inflation in crypto’s stead. Fitch Ratings lowered the United States’ long-term foreign currency issuer default rating from AAA to AA+, citing “expected fiscal deterioration over the next three years.” The crypto market cap stands at $1.23 Trillion, a sign of an industry struggling to recover.  Currently, the gold global market cap sits around $13.114 T. Description Since the onset of Bitcoin and the years that followed, digital coins have prided themselves as a hedge to volatility, but gold has stood the economical test. Gold (XAU) rose on Wednesday as reports indicated that a perfect storm was brewing, causing the U.S. Dollar, Treasury yields, and Asian equities to fall. What does Fitch … Read more Since the onset of Bitcoin and the years that followed, digital coins have prided themselves as a hedge to volatility, but gold has stood the economical test. Gold (XAU) rose on Wednesday as reports indicated that a perfect storm was brewing, causing the U.S….

  Article 2023年8月3日

• Crypto giant Binance exonerated from connection to pig butchering scam

  TL;DR Breakdown U.S. District Judge absolved Binance from an $8 million ‘pig butchering’ scam. The victim, Divya Gadasalli, alleged Binance provided services to the scammer. The judge dismissed the claims, citing jurisdiction issues and Binance’s operational ban in Texas. A high-profile crypto scam known as a ‘pig butchering’ scam, a term that originated in Asia, and alludes to the method of fattening a pig up before slaughter, has been making headlines recently, ensnaring even industry titan, Binance, in its fray. A U.S. District Judge, however, has now dismissed allegations against the crypto exchange platform, ruling that Binance was not involved in the $8 million scam. The news comes as the frequency of such scams increases, posing significant challenges to law enforcement agencies worldwide. The anatomy of a pig butchering crypto scam The pig butchering scam, a form of online fraud that targets victims through romantic and financial manipulation, has been on a steep rise. In these scams, fraudsters initiate contact through dating apps or text messages, building a romantic relationship with their victims before introducing them to a high-profit investment…

  Article 2023年5月26日

• Joe Biden rejects Republican’s debt ceiling offer

  TL;DR Breakdown Biden labeled the latest Republican proposal on raising the government’s debt ceiling as “unacceptable”, suggesting it could risk a U.S. debt default. He remains open to spending reductions provided they come with appropriate tax adjustments; he is set to discuss this with House of Representatives Speaker, Kevin McCarthy. President Joe Biden, in a crucial standoff against the GOP over the issue of raising the government’s debt ceiling, has publicly labeled the Republican proposal as “unacceptable.” The rejection came during the G7 summit in Hiroshima, Japan, adding an international dimension to the domestic economic debate. Biden’s disapproval of the GOP’s fiscal strategy Biden, the Democratic incumbent, criticized the GOP’s offer, suggesting that certain Republicans might even be betting on a U.S. default on its debt to obstruct his potential re-election in 2024. He expressed his willingness to make reductions in public spending, provided they were combined with necessary adjustments to taxes to strike a balanced deal. His remarks came as the June 1 deadline looms ominously over the federal government, the date when the Treasury Department has predicted it…

  Article 2023年5月22日

• PayPal’s stablecoin sees little adoption so far

  TL;DR Breakdown PayPal’s stablecoin, PYUSD, is struggling to gain significant adoption despite the company’s industry stature. The overall stablecoin market has shrunk from $167 billion to $124 billion in 2023. Critics have pinpointed PYUSD’s centralized nature as a possible deterrent to its growth. Currently, 90% of PYUSD’s supply is held by its issuer, Paxos, and there are only 233 total holders. Description When an industry giant like PayPal dives into the crypto market’s stablecoin realm, the expectation is that it would, in no time, sail to the top. It’s not just wishful thinking; it’s an anticipation built on the reputation of the company. But to the surprise of many, PayPal’s much-vaunted stablecoin, Paxos-issued PYUSD, is failing to … Read more When an industry giant like PayPal dives into the crypto market’s stablecoin realm, the expectation is that it would, in no time, sail to the top. It’s not just wishful thinking; it’s an anticipation built on the reputation of the company. But to the surprise of many, PayPal’s much-vaunted stablecoin, Paxos-issued PYUSD, is failing to make waves in the digital…

  Article 2023年8月27日

• Bandit Stealer: The new malware menace in the cryptocurrency space

  TL;DR Breakdown Bandit Stealer is new malware targeting web browsers and crypto wallets. It spreads via phishing emails and fake installers, collecting personal and financial data. The rise of such malware underlines a thriving underground info-stealer market, raising cybersecurity concerns. In a world increasingly dependent on digital transactions and cryptocurrencies, a new form of malware called “Bandit Stealer” has reared its head, threatening web browsers and cryptocurrency wallets. Trend Micro, a leading cybersecurity firm, has raised the alarm over this stealthy, info-stealing malware developed using the Go programming language. This language choice suggests potential cross-platform compatibility, expanding the malware’s potential reach in the future. A calculated malware approach Bandit Stealer’s sophisticated programming allows it to function undetected on Windows systems by manipulating a legitimate Windows command-line utility program, “runas.exe.,” according to Trend Micro’s report. This maneuver enables Bandit Stealer to execute itself with administrative access, bypassing built-in security measures. However, Microsoft’s stringent access control mitigations have successfully thwarted unauthorized execution thus far, requiring proper credentials for administrator-level operations. The malware operates with guile and precision. Bandit Stealer initiates a series…

  Article 2023年5月31日