Understanding impersonation scams in crypto In impersonation scams, fraudsters pretend to be reliable individuals, exchanges or services to trick users into sending cryptocurrencies or disclosing personal information. In the context of cryptocurrencies, due to the pseudonymous nature of cryptocurrency transactions and the level of relative secrecy they provide, impersonation scams are common. So, how do
Month: October 2023
Cryptocurrency exchange Gemini filed an adversary proceeding against bankrupt crypto lender Genesis Global Holdco in the Southern District of New York Bankruptcy Court on Oct. 27. At issue is the fate of 62,086,586 shares of Grayscale Bitcoin Trust (GBTC). They were used as collateral to secure loans made by 232,000 Gemini users to Genesis through the
Amazon Great Indian Festival Extra Happiness Days sale 2023, which started on October 22, will conclude today on October 27. One can get their hands on a number of deals and discounts during the ongoing sale, which also comes bundled with bank offers. Amazon’s festival season sale initially started on October 8, and over the
Members of Gen Z take .5 selfies. Courtesy of Duncan Grant, Rebecca Smith, Rachel Aquino and Gabriel Lesser. When 16-year-old Riley Galfi met an artist she loves at a concert back in May, she didn’t ask to take any ordinary selfie with him, she asked to take a .5 selfie. In a flash, Galfi flipped
Flipkart, one of India’s biggest e-commerce sites, is currently offering some of the biggest discounts of the festive season. The Flipkart Dussehra Sale 2023 kicked off on October 22 and is available to all users through October 29. During this sale, Flipkart extends great offers and deals on multiple products, including electronic items like smartphones,
Oct 26, 2023NewsroomData Security / Vulnerability A group of academics has devised a novel side-channel attack dubbed iLeakage that exploits a weakness in the A- and M-series CPUs running on Apple iOS, iPadOS, and macOS devices, enabling the extraction of sensitive information from the Safari web browser. “An attacker can induce Safari to render an
Bitcoin (BTC) institutional investment vehicles are seeing a major volume boost as excitement over possible United States regulatory changes takes hold. Data from resources including Bloomberg showed Bitcoin exchange-traded funds (ETFs) and others nearing record weekly inflows. BITO, GBTC trade $2.5 billion Hints that the U.S. might soon allow a Bitcoin spot price-based ETF have
Ripple CEO Brad Garlinghouse strongly criticized former United States Securities and Exchange Commission (SEC) Chair Jay Clayton’s remarks regarding the agency’s regulatory approach. Since the first quarter of 2023, the SEC has initiated various regulatory actions against crypto exchanges and companies. During an interview with CNBC on June 29, 2023, Clayton expressed his view that
The seventh edition of the India Mobile Congress (IMC) 2023 kicked off on Friday with the inauguration by Prime Minister Modi at Bharat Mandapam. This year’s event is centred around the theme of Global Digital Innovation, with exhibitors showcasing cutting-edge technologies such as satellite communication, 6G demo, and other use cases. The first day of
Former FTX Chief Executive Sam Bankman-Fried, who faces fraud charges over the collapse of the bankrupt cryptocurrency exchange, walks outside the Manhattan federal court in New York City, U.S. March 30, 2023. Amanda Perobelli | Reuters FTX founder Sam Bankman-Fried told jurors in his criminal trial on Friday that he didn’t commit fraud at his
Google showed off a host of new AI-powered features and services at its Google I/O event earlier this year in May. Among those, Google Maps, too, was promised a suite of new AI capabilities, including an impressive Immersive View feature that would provide a birds-eye view of your route. Now, “Immersive View for routes” and
Oct 27, 2023NewsroomArtificial Intelligence / Vulnerability Google has announced that it’s expanding its Vulnerability Rewards Program (VRP) to compensate researchers for finding attack scenarios tailored to generative artificial intelligence (AI) systems in an effort to bolster AI safety and security. “Generative AI raises new and different concerns than traditional digital security, such as the potential
El Salvador can follow Singapore’s lead and become a financial center in the Americas, according to Gabor Gurbacs, strategy advisor of investment management firm VanEck. “I say often to portfolio managers and asset allocators that El Salvador has the potential to become the Singapore of the Americas,” Gurbacs explained in an Oct. 28 X post.
Top Stories This Week Sam Bankman-Fried takes the stand on FTX’s collapse Sam “SBF” Bankman-Fried testified this week in his ongoing criminal trial in the Southern District of New York, denying any wrongdoing between FTX and Alameda Research while acknowledging making “big mistakes” during the companies’ explosive growth. Highlights of his testimony include denying directing
Crypto lender BlockFi announced its emergence from insolvency this week, just a few days after FTX announced that it successfully reclaimed approximately $7 billion in assets. FTX debtors, comprising FTX and affiliates, estimate that $8.7 billion has been misappropriated from customers. BlockFi has lent FTX more than $650 million, making it one of the exchange’s
Kraken will suspend all transactions related to USDT, DAI, WBTC, WETH, and WAXL in Canada in November and December, according to multiple customer emails shared with Cointelegraph. In response to a request for comment from Cointelegraph, a Kraken spokesperson said, via email, “we constantly monitor the assets on our platform to ensure we are meeting
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