Nolan Bushnell, the founder of Atari and inventor of Pong — one of the first commercially successful video games — has shared optimism for the future of Web3 games, particularly as it comes to bringing ownership to virtual worlds. During the Digital Entertainment Leadership Forum in Hong Kong on Aug. 25, Bushnell spoke alongside Animoca Brands co-founder Yat Siu, discussing…
Month: August 2023
WinRAR patches zero-day bug that targeted stock and crypto traders
The developers behind file compression software WinRAR have patched a zero-day vulnerability that allowed hackers to install malware onto unsuspecting victims’ computers, enabling them to hack into their crypto and stock trading accounts. On Aug. 23, Singapore-based cybersecurity firm Group-IB reported a zero-day vulnerability in the processing of the ZIP file format by WinRAR. The zero-day vulnerability tracked as CVE-2023-38831,…
Earl Sweatshirt Drops Surprise Album via Gala Music
For years the rumor swirled, stoked occasionally by the artists it concerned: there existed a secret, never-before-heard album from the rappers Earl Sweatshirt and The Alchemist, and it hid in plain sight. As of midnight, the album isn’t only confirmed to exist; it is now available to stream and own via Gala Music. Prior to tonight’s surprise announcement, Earl—the one-time…
Dropbox ditches unlimited storage offering, blaming crypto cloud miners
The online storage platform Dropbox has binned its unlimited storage plan after discovering some of its users were using the service for resource-intensive purposes like mining crypto. In an Aug. 24 blog post, Dropbox said its unlimited Advanced plan has instead moved to a metered storage plan with new users getting 15 terabytes of storage — apparently enough to house…
Australian exchange enlists PayPal as banks ‘close ranks’ against crypto
The CEO of Australian crypto exchange Independent Reserve says it has turned to payments giant PayPal to hedge against increasing bank restrictions against crypto exchange payments. The exchange has partnered with PayPal to enable an on-ramp that will give Independent Reserve’s customers the ability to fund their crypto accounts directly with fiat from their PayPal wallet as well as using…
VeChain and SingularityNET team up on AI to fight climate change
Artificial intelligence firm SingularityNET and blockchain firm VeChain have become the latest firms to marry blockchain with artificial intelligence — this time, with the aim of cutting down carbon emissions. Over the last year, the crypto industry has seen an increasing amount of collaboration between blockchain and AI technology. On Aug. 24, VeChain — a smart contract-compatible blockchain used for…
PEPE plunges 15% as strange token movements spark fears of rug pull
The price of Pepe has plummeted 15% after developers sent nearly 4% of the memecoin’s total supply to exchanges without warning. Source: https://cointelegraph.com/app/public/index.php/news/pepe-token-plunges-strange-token-transfers-fears-rug-pull
Agency loses $55K in address poisoning scam
The United States Drug Enforcement Administration (DEA) — the agency tasked with enforcing the country’s drug laws — lost $55,000 in seized Tether (USDT) earlier this year at the hands of a scammer. Forbes reported on Aug. 24 that in May, the agency seized over $500,000 worth of USDT from two Binance accounts it suspected of laundering money from drug…
PEPE plunges 15% as strange token movements spark fears of rug pull
The price of the frog-themed memecoin Pepe (PEPE) has plunged nearly 15% after recent changes to a multisig wallet and new token transfers ignited fears of a “rug pull” by its developers. The allegations — as well as the negative price action — came as $16 million worth of Pepe tokens were sent from the developers’ multisig wallet to various crypto…
Bitcoin-backed property investment becomes new avenue for Cayman Islands residency
Bitcoin financial services firm Ledn’s ties with the Cayman Islands open a doorway for crypto users to use their funds to obtain real estate “golden visas.“ Source: https://cointelegraph.com/public/index.php/news/bitcoin-backed-property-investment-becomes-new-avenue-for-cayman-islands-residency