Reports: North Korean hackers aggressively targeting crypto industry
North Korean hackers exploited Chrome zero-day to steal crypto
https://techcrunch.com/2024/08/30/north-korean-hackers-exploited-chrome-zero-day-to-steal-crypto/
The cybersecurity arms race is akin to a game of whack-a-mole, with hackers constantly probing and exploiting vulnerabilities while security teams scramble to patch them.
The only way to prevail in this relentless struggle is by eliminating single points of failure, diversifying and decentralizing critical components
By doing this, if one aspect falls prey to attackers, the overall system remains secure and assets remain safe from theft or unauthorized access.
This strategic approach offers a crucial advantage in the ever-evolving cybersecurity landscape.
In-person Tether trade turns into ambush for Singapore man
Offline USDT sale abandoned after buyer gets punched in face
https://protos.com/offline-usdt-sale-abandoned-after-buyer-gets-punched-in-face/
In-person trades of Bitcoin, once common in the Bitcoin's early days, remain as risky today as they were then.
Unless you plan to bring your own security, it is advisable to opt for established exchanges or over-the-counter (OTC) desks instead.
As these platforms often have measures in place to protect users from fraudulent activities and other potential risks, providing a more secure environment for trading.
Lightning Labs has finally released their highly anticipated colored coins protocol, which has been the subject of litigation.
Their plan is to incorporate stablecoins into this protocol, enabling atomic swaps over lightning networks, ultimately paving the way for peer-to-peer exchanges.
This undertaking is significant due to the extensive infrastructure that needs to be built around it, including wallets and other related components.
As the pioneers of all these necessary elements, Lightning Labs will play a crucial role in making this protocol a reality. Only time will tell if the market embraces and adopts this innovative technology.
Taproot Assets on Lightning: The Global Financial Interoperability Layer ⚡💱
https://lightning.engineering/posts/2024-07-23-taproot-assets-LN/
Choose Privacy
Technological capability, on its own, is not enough to create Bitcoin privacy. Unless users and society actively defend and demand privacy, it will die. From "The Privacy Issue".
Mastercard Launches Euro Denominated Non-Custodial Bitcoin Debit Card
Mastercard has launched a euro debit card enabling direct spending of Bitcoin and crypto from non-custodial wallets at its over 100 million merchants. The move reflects Mastercard's expanding efforts to bridge Bitcoin with its traditional payments network.
Breaking Down the Top 100 DeFi Hacks
2016-2023
Comprehensive
Report
Halborn’s All-Time Top 100 DeFi Hacks Report Summary
https://www.halborn.com/blog/post/halborn-all-time-top-100-defi-hacks-report-summary
Halborn recently completed and released a comprehensive analysis of the most expensive DeFi hacks from 2016 to 2023.
Why don't more people use Linux?
https://world.hey.com/dhh/why-don-t-more-people-use-linux-33b75f53
If exercising is so healthy, why don't more people do it?
If reading is so educational, why don't more people do it?
If junk food is so bad for you, why do so many people eat it?
Microsoft's 'Recall' feature can't be uninstalled after all
Off by default, but never fully gone.
https://mashable.com/article/microsoft-recall-feature-cant-be-uninstalled
Still use Windows?
New: Secure your bitcoin with a YubiKey
https://blog.casa.io/secure-your-bitcoin-with-yubikey/
Yubikeys now accommodate seed phrase storage, a hardware update that spawns novel use cases. Casa pioneered this application, permitting clients to save seed phrases on the Yubikey as part of a multisig vault's security structure. Future entities may well leverage this functionality as well.
My profile on Nostr
Get your News, not propaganda, form here
GM #plebchain, stay humble, stack bits/sats, and think for yourself.
The social media landscape is undergoing a transformation, with millions of users migrating from Twitter/X and Telegram to Nostr.
This decentralized platform allows for unrestricted communication through its public key system, giving users full control over their identity and content. To explore the features and potential of Nostr, visit https://njump.me
‘Cthulhu’ malware targets Macs, crypto wallets
From the Depths: Analyzing the Cthulhu Stealer Malware for macOS
https://www.cadosecurity.com/blog/from-the-depths-analyzing-the-cthulhu-stealer-malware-for-macos
Exercise caution when downloading software. On MacOS, stick to either the Apple App Store or official websites of developers. Even powerful devices deserve your attention and care.
Alert: Be Vigilant Against Phishing Attempts This Autumn
https://x.com/Nneuman/status/1828794529753006449
Casa's Co-founder and CEO Nick Neuman published a detailed analysis on X, featuring one revealing email, which exposed the advanced tactics employed by scammers and provided guidance on how to spot these scams beneath the surface.
"On Bitcoin, while many of the risks have not yet materialized, there is joint recognition that further efforts are needed to enhance transparency and mitigate potential fiscal and financial stability risks from the Bitcoin project. Additional discussions in this and other key areas remain necessary."
IMF Staff Statement on El Salvador
https://www.imf.org/en/News/Articles/2024/08/06/pr-24302-el-salvador-imf-staff-statement
The IMF wants the private keys of all noncustodial and custodial wallets.🤡
Silent Payments BIP352
If you pay in sats, as months go by and these sats appreciate, you will be transferring more and more of your time, physical value etc. to this service. Basically overpaying in prices denominated in sats (sound money) decrease.
If you pay in USD$, as months go by and these USD$ depreciate, you will be postponing this transfer to future unborn generations of this consumed time, physical value etc. to this service. Basically underpaying in prices denominated in fiat currencies.
As CBDCs (stable fiat coins) proliferate around the globe and get adopted by countries issuing their own version of their country CBDCs (stable fiat coins), sat holders will use their true scarce asset to exchange it for local country CBDCs (stable fiat coins).
Use this new fiat currency to spend for local goods and services and what is left over converted back to digital sound money.