Day: May 17, 2023

Kaspersky Uncovers Counterfeit Trezor Wallets That Jeopardize Crypto Assets With Pre-Knowledge of Private Key – Bitcoin News

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Kaspersky, the multinational cybersecurity and anti-virus provider, made a startling revelation on May 10th. According to their report, a victim of a crypto hack had unwittingly purchased a counterfeit Trezor Model T from a “trusted seller through a popular classifieds website.” The researchers at Kaspersky were able to extract the custom firmware that the hackers had installed on the device. This revealed that the private key was already known to the hackers before the victim had even purchased the machine. Cybersecurity Firm Kaspersky Investigates Phony Trezor Hardware Wallet It seems…

Lightning Labs unveils updated protocol to address bitcoin’s BRC-20 challenges

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Lightning Labs, a leading Lightning Network infrastructure firm, has unveiled an enhanced edition of the Taproot Assets Protocol, offering users a potentially more efficient method for minting new assets on the blockchain. The protocol addresses the current inefficiencies and network congestion associated with asset inscription on the Bitcoin (BTC) network. In a blog post published on May 16, Lightning Labs criticized the existing approaches for inscribing asset metadata on the Bitcoin blockchain, citing them as “particularly…

Telegram addresses camera exploit, points to Apple macOS security permissions

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Messaging application Telegram has played down the severity of an discovered exploit that allowed researchers to gain access to camera systems of Apple macOS users.  Software engineer Dan Revah flagged the exploit in a blog post on May 15, outlining the method which allowed him to gain local privilege escalation to access a macOS user’s camera through permissions previously granted to an installed Telegram application. By injecting a Dynamic Library into a user’s system, the exploit would allow recording from the device’s camera and the ability to save the file.…

Watch these BTC price levels as Bitcoin threatens to lose $27K support

Bitcoin (BTC) looked poised to give up $27,000 as support on May 17 with traders lying in wait for new lows. BTC/USD 1-hour candle chart on Bitstamp. Source: TradingView Whales meet low liquidity Data from Cointelegraph Markets Pro and TradingView showed BTC/USD trading near $26,800 at the time of writing. The pair had staged multiple crosses of the $27,000 mark the day prior, that area forming a low-timeframe focus now at risk of breaking down. BTC/USD annotated chart. Source: Crypto Tony/ Twitter “3 wave up into resistance, followed by a…

Origins Launches on Apple App Store

The card-based strategy game, which provides players with free non-NFT “starter” characters, will first launch in the Apple store across Latin America and Asia in countries including Argentina, Colombia, Peru, Mexico, Venezuela, Indonesia, Malaysia and Vietnam. The game has 1.5 million installs across all platforms and plans to continue its global expansion via Google and Apple mobile users. Source

Tesla updates AI-trained robot army, takes new bots for a walk

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Tesla has released new footage showcasing its Tesla Bots, which now appear to be capable of walking steadily, picking up items and recognizing objects. The video was presented by Tesla CEO Elon Musk at the company’s shareholder meeting event. The video showcases some notable upgrades made in the Tesla Bot project. This includes enhanced motor torque control, artificial intelligence (AI) training based on human-tracked movements and object manipulation capabilities. More importantly, the humanoid robots can now walk in a straight line without needing assistance from the Tesla staff. In one…

Chinese prosecutors to crack down on ‘pseudo-innovation’ in NFT market

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On May 15, the Supreme People’s Procuratorate of the People’s Republic of China — the national agency responsible for legal prosecution — shared its thoughts on the nonfungible token (NFT) market. In an article, three authors outlined the prosecutors’ vision of the market risks and the reasons to enforce them more actively. The article pays attention to the tendency of “securitization” of NFTs, i.e., the shared ownership of one copy by multiple users, which, in the authors’ opinion, no longer corresponds to criteria of non-reproducibility, indivisibility and uniqueness. Among other threats,…

Crypto Investment Firm CoinShares Reports Highest Quarterly Earnings since Q1 2022

CoinShares maintains a cautious optimism going ahead amid a strong surge in the regulatory activity taking place in the crypto market. Popular crypto investment firm CoinShares recently published its first quarter earnings results for the year 2023 marking a strong turnaround in the company profits. Of course, this comes amid the strong bounce-back taking place in the crypto sector this year. CoinShares Q1 2023 Earnings Report CoinShares called it a “return to profitability” after a tumultuous period last year in 2022 amid a strong crypto winter. In its report, CoinShares…

OpenAI CEO Sam Altman Testifies in Congress Hearing on AI Safety Alongside IBM Chief Trust Officer & NYU Professor

Sam Altman’s sincerity impressed lawmakers at Tuesday’s hearing as he discussed AI’s destructive potential and supported proper regulation. OpenAI CEO and Worldcoin co-founder Sam Altman recently testified in a US Congress hearing on artificial intelligence (AI). At Tuesday’s ‘historic’ hearing, Altman discussed possible government regulation of the AI space and fielded lawmakers’ questions about OpenAI’s views on regulation.  Several Congress members expressed concern about the potential harm artificial intelligence could cause if not properly overseen. In a show of sincerity and genuineness, Altman admitted his ‘worst fears’ were disrupting the…