Day: May 16, 2023

‘Trusted seller’ vends fake Trezor wallets stealing crypto: Kaspersky

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Amid the rising popularity of hardware cryptocurrency wallets, the Russian cybersecurity firm Kaspersky has reminded users about the importance of using authentic crypto devices. Kaspersky’s cyber incident expert Stanislav Golovanov on May 10 reported on an issue with fake hardware wallets impersonating major wallet firm Trezor. According to the blog post, the fake wallet allowed fraudsters to steal Bitcoin (BTC) via a replaced microcontroller, which enabled attackers to take over control of the user’s private keys. The victim reportedly purchased a tampered hardware wallet that posed as Trezor’s advanced crypto…

LTC Hits 2-Week High, as APE Extends Gains – Market Updates Bitcoin News

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Litecoin rose for a third consecutive session on Tuesday, despite cryptocurrency markets mostly falling lower. The global market cap is currently down by 1.28%, as overall market uncertainty remains high. Apecoin also rallied, extending recent gains. Litecoin (LTC) Litecoin (LTC) was once again in the green, as the token rose for a third consecutive session. LTC/USD surged to a peak of $89.68 in today’s session, after starting the week at a low at $86.42. Tuesday’s rally has seen litecoin climb to its strongest point since April 30, which is the…

Baidu Stock Jumps 2% after Better-than-Expected Revenue News

Baidu is setting the pace in the AI scene for other tech giants in China. Chinese internet giant Baidu Inc (HKG: 9888) has seen a major uptick in its share price today following the release of better-than-expected revenue. Baidu impressed its investors as one of the top tech giants that saw a major uptick in profitability following the reopening of the Chinese economy after year-long Covid-19 restrictions. According to the data shared by the company, it said it recorded a 31.1 billion yuan ($4.5 billion) revenue for the three months…

Bitcoin worth $750m withdrawn from Coinbase

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In a recent event, an equivalent of $750 million worth of bitcoin was withdrawn from the cryptocurrency exchange Coinbase within a span of just 24 hours. Industry analysts have highlighted that this event is far from a common occurrence. Over the past year, according to analysts cited by a Russian crypto information channel only three transactions of a larger scale have been reported. Two of these coincided with market downturns: the collapse of Terra LUNA and…

Fintech Group Zepz Lays Off 420 Employees to Restructure Its Business

Zepz, however, noted that it is hiring more than 200 new roles including software developers, managerial positions and marketing roles, among many others. In a bid to streamline its business structure for future growth prospects, Zepz,  a London-headquartered money transfer platform, has announced the reduction of its workforce by about 26 percent. In a report by CNBC, it is said that Zepz has sent home 420 of its employees but not due to macroeconomic pressure. As a result, Zepz has been left with a total headcount of 1,180. Available in…

Google Cloud Launches Two New AI Solutions to Speed Up Drug Discovery & Precision Medicine

Google Cloud’s AI-enabled ‘Target and Lead Identification’ and ‘Multiomics’ Suites are set to improve drug discovery and precision medicine.  Google Cloud has launched two AI-powered solutions to speed up drug discovery and advance precision medicine for relevant companies. On Tuesday, the tech giant’s cloud computing suite said its newly-launched AI-powered tools would immensely help biotech and pharmaceutical companies. One of the tools, the Target and Lead Identification Suite, can assist companies in predicting and understanding protein structure. Meanwhile, the other Google AI solution, the Multiomics Suite, could help researchers collate, analyze, and share…

3 reasons why Lido DAO price jumped 40% in a week — Outperforming Bitcoin, Ethereum

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The price of Lido DAO (LDO) has rebounded to its three-week high of $2.21 as of May 16, up 40% when measured from its local low of $1.57, established four days ago. This impressive double-digit recovery appeared in tandem with other top-ranking crypto assets, including Bitcoin (BTC) and Ether (ETH). However, LDO has greatly outperformed the broader crypto market (TOTAL) that’s up only 4.5% since May 12. LDO/USD daily price returns vs. BTC/USD, ETH/USD, and TOTAL. Source: TradingView But what are the reasons why Lido DAO is outperforming the rest…

9 Lessons DeFi Companies Would Be Wise To Learn From CeFi Companies

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Pioneers and insiders of the decentralized finance industry strongly believe they are the vanguard of a new and better way to handle financial transactions. Still, it doesn’t mean they have nothing to learn from centralized finance companies. While CeFi has the advantage of more familiarity and a long history, those aren’t the only reasons it can still outperform DeFi when it comes to attracting new users. It’s not a disservice (or disloyalty) to DeFi for its leaders to look closely at what users rely on and value in CeFi services.…

Okx Introduces New Ordinals Marketplace Amid Bitcoin Inscription and BRC20 Buzz – Bitcoin News

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On Tuesday, the crypto firm Okx announced the launch of a new Ordinals marketplace. The platform is accessible via the Okx Wallet and will enable users to mint and trade Ordinal inscriptions and BRC20 tokens. While the Ordinals marketplace is still in its early stages, users can take advantage of the ability to view and transfer Ordinal inscriptions using the multichain wallet. Okx Embraces Ordinals and BRC20 Trend, Reveals New Ordinals Marketplace Okx, the crypto firm, exchange, and Web3 company, has announced the Okx Wallet now provides seamless access to…