Month: May 2023

Bitcoin.com Wallet Celebrates Major Milestone With 40 Million Crypto Wallets Created

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Bitcoin.com is proud to announce that it has reached a significant milestone in its mission to increase the adoption of cryptocurrency worldwide: the creation of the 40 millionth crypto wallet in the multi-chain, DeFi-ready Bitcoin.com Wallet. Since its inception in June 2017, the Bitcoin.com Wallet has seen a rapid rise in user adoption, reflecting the increasing acceptance and adoption of cryptocurrency around the globe. It took nearly two years for Bitcoin.com to reach its first five million wallets. In contrast, the recent fifteen million wallets have been created in just…

Tax Authority Slated to Become Main Crypto Regulator in Russia

Russia’s tax administration is going to be tasked with overseeing the crypto industry in the country, a high-ranking government official has indicated. According to the regulatory concept that’s currently under consideration, the revenue service will also serve as an entry point for market participants. Russians to Report Crypto Holdings and Transactions to Their Tax Service The Federal Tax Service of Russia (FTS) will likely be the nation’s leading regulator for the cryptocurrency sector and admit participants to the market, Deputy Finance Minister Alexey Moiseev has said in interview with the…

Web3 Giant Axie Infinity’s AXS Token Jumps 12% After Firm Lists Game on Apple App Store

Initially, Apple store users across Latin America and Asia in countries including Argentina, Colombia, Peru, Mexico, Venezuela, Indonesia, Malaysia and Vietnam will have access to the card-based game called Axie Infinity. The game already has 1.5 million installations across all platforms. Sky Mavis, the creator of the play-to-earn project, plans to expand the game’s outreach via Google and Apple mobile users. Source

Ex-Apple Employee Accused of Stealing Trade Secrets for Baidu’s Autonomous Car Project

Federal prosecutors have accused Wang for agreeing to work for a US subsidiary of a Chinese automaker a few months before he left Apple in 2018. Weibao Wang, a former Apple employee, is now facing major charges of stealing trade secrets from Apple’s self-driving car division and passing on the information to Baidu’s autonomous car project. On Tuesday, May 16, the US government accused Wang of stealing Apple’s “autonomous” source code. In the charging documents, the US government hasn’t mentioned for whom Wang works now. But as per details from…

Toy Maker Mattel to Launch Fast & Furious NFT Collection

The new collection is part of Mattel’s Hot Wheels NFT Garage Series and will be based on the Fast & Furious film franchise. The non-fungible token (NFT) market is set to move at the speed of fast cars, thanks to the decision of iconic toy maker Mattel to launch a new NFT collection. According to Mattel, the new collection is part of its Hot Wheels NFT Garage Series and will be based on the Fast & Furious film franchise. With the launch slated for May 22, the collection will go…

Valkyrie Leveraged Bitcoin Futures ETF gets inspiration from TradFi memes

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In its latest futures-based exchange-traded fund (ETF) filing, Valkyrie Funds utilizes one of the popular memes from the financial Twitter community, known as “fintwit,” to capture attention and interest. On May 16, the investment firm submitted a new application for a Bitcoin (BTC) futures-based ETF to be listed on the Nasdaq with the ticker symbol “BTFD.“ Both of Valkyrie’s Bitcoin-centric funds do not have direct exposure to Bitcoin itself; instead, they invest in Bitcoin futures traded on the Chicago Mercantile Exchange. Bitcoin futures are financial contracts that allow investors to speculate on the future…

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.…