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…
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 volatility and purported lack of intrinsic value of most crypto assets make it particularly risky for consumers, the politicians claimed. Source: https://cointelegraph.com/app/public/index.php/news/crypto-regulated-as-gambling-uk-treasury
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)…
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 non-fungible token (NFT) market. In an article published, three authors laid out the prosecutors’ vision of the market risks and the following reasons to enforce it more actively. The article pays attention to the tendency…
New research shows that there is a link between celebrity endorsement of a crypto project and the likelihood of it being a scam. The research titled “The Effect of Celebrity Endorsements on Crypto” conducted by two former SEC economists—Joshua T. White and Sean Wilkoff—investigated the effects of celebrities boosting various ICOs. They found that “celebrity-endorsed ICOs are associated with a…
According to Eun Young Choi, the head of the crypto unit at the U.S. Department of Justice (DOJ), the United States has resolved to target digital platforms because they are making it easy for criminals and money launderers. Choi said the DOJ hopes taking action against entities such as crypto exchanges is “going to have a multiplier effect.” DOJ to…
OpenAI was originally formed as a nonprofit entity to ensure it was free to achieve its stated goal and then became a for-profit company back in 2019. Source: https://cointelegraph.com/app/public/index.php/news/elon-musk-criticizes-openai-for-profit-after-investment
Senator Lummis noted that Signature Bank’s Scott Shay mentioned digital assets 10 times in his testimony about the bank’s collapse. Source: https://cointelegraph.com/app/public/index.php/news/signature-bank-blame-crypto-collapse-lummis-warren
A former Signature Bank executive has been slammed for trying to place the blame for his bank’s collapse on crypto while purportedly being able to pocket millions in bonuses and stock options. During a Senate Banking Committee hearing on May 16, United States Senator Cynthia Lummis lashed out at Scott Shay, the former chairman of the now-defunct bank, in relation…
