Sat, October 3

Elon Musk vs Microsoft in “Lawsuit Time” Over Twitter Data Breach?  

Grabbing the tech world’s focus, Elon Musk hints at a “lawsuit time” with Microsoft against the “illegal” exploitation of Twitter’s data for equipping its AI model. This threat arrives just in time after the announcement of Microsoft abandoning Twitter services on its advertising platform. Microsoft denied paying the high API

April 20, 2023 2 mins read

Will BRICS New Currency Overtake the US Dollar Dominance?

This year has seen a lot of headlines regarding the rising economic dominance of the BRICS bloc of countries. According to a recent Bloomberg report, the BRICS countries are expected to grow their economies faster than the G7 nations.  The collective country will grow economically to shift the global power

April 20, 2023 2 mins read

Apple Publishes Security Updates to Address Crypto Hack Vulnerability

Apple released new security and software updates for smartphones and Macs in fear of attacks from crypto phishers. Kaspersky’s report on the vulnerabilities and potential lack of protection made Apple take this measure. Updates to iOS 16.4.1 and macOS 13.3.1 address the two vulnerabilities. CVE-2023-28205 and CVE-2023-28206. Both of these

April 20, 2023 1 min read

Russia Develops Special Institutions Settling Foreign Payments

Russia announced the development of special institutions in order to mine cryptocurrencies and transfer them internationally through certain legislation. As per the recent updates of BRICS nations, the payments over international settlements are taken into revaluation for legitimizing the crypto transactions.  Being a low-cost energy consumer, Russia has provoked financial

April 20, 2023 2 mins read

MetaMask Refutes $10.5M Hack Claim Pointing Towards Wallet Exploit

Claims that a vulnerability in the MetaMask crypto wallet was responsible for a “massive wallet draining operation” that stole more than 5,000 Ether have been refuted by the wallet’s developer. Taylor Monahan, the founder of Ethereum wallet manager MyCrypto, published a series of updates on April 17 detailing how an

April 19, 2023 1 min read

DeFi Protocol SafeMoon Hacker Agrees to Return 80% of Stolen Funds

SafeMoon is a protocol for decentralized finance (DeFi) built on BNB Chain. On March 28, hackers stole 27,000 BNB, valued at about $8.9 million. According to a blockchain message published by SafeMoon on April 18, the attacker responsible for the theft of $8.9 million in BNB has promised to refund

April 19, 2023 1 min read

Russia Drafting Legislation Allowing International Settlements in Crypto

The currency or method of payment used in international settlements is being reevaluated by a number of countries. On the one hand, several of them are working to lessen the role of the dollar in international trade. Moreover, several countries are beginning to legitimize cryptocurrency transactions. One nation making progress

April 19, 2023 1 min read

UK Soon to Implement Crypto Regulation Says City Minister

According to a British lawmaker, the UK could implement regulations governing digital assets within the next 12 months. The economic secretary to the U.K. Treasury, Andrew Griffith, stated in an interview with CNBC on April 17 that the long-term goal is to “let firms make the most of the opportunities

April 19, 2023 2 mins read

SEC’s Gensler Blames Crypto for Silicon Valley Bank’s Failure

The chairman of the Securities and Exchange Commission (SEC), Gary Gensler, was questioned by House Republicans on the SEC’s stance on digital assets at a recent hearing. Legislators raised issues with the SEC’s approach to FTX and the lack of clarity around whether ether is a security. Gensler, while describing

April 19, 2023 2 mins read