2023-08-21

🤔 How to monetize your friendships

August 21, 2023

Howdy friends,The Summer is meant for being out in the sun (and reading DailyCoin newsletters...Obvs) not watching the charts. Don't forget to live life!

Now that you're sitting down with a Piña Colada (or a PBR) let's dive in!

🛝 Hacker's Crypto Playground
🍧 Reddit's Crypto Delight
🍄 Decentralized Social Magic

🇰🇵 North Korean Crypto Heist: $2 Billion Vanishes!

Over the past half-decade, North Korean hackers have pilfered a whopping $2 billion from the crypto world, says TRM Labs, a blockchain analytics guru.

Think of this heist like a grand pie of stolen digital cash, with these hackers taking a hefty slice every year.In 2023 alone, they've gobbled up a $200 million piece, making up 20% of this year's crypto theft pie.Their preferred territory is the realm of decentralized finance (DeFi), especially those tricky cross-chain bridges.The troll that lives under the bridge, perhaps? 🧌These digital pirates aren't just sneak thieves; they've been evolving, like a thief trading his lockpick for a laser cutter.Their earlier direct attacks on exchanges have now morphed into elaborate, multi-layered money laundering schemes.One such sneaky tactic?"Chain-hopping," where hackers juggle stolen funds between various crypto types, playing a high-stakes game of digital hide-and-seek.Remember, if it seems too good to be true...it probably is! ⚠️

Jobs of the Week!

Lead Product Manager, Crypto Payments PlatformRippleNew York$175,000 - $220,000 a year

Ripple is hiring a product manager with over ten years of experience in product management, preferably from top online services companies. The role requires a technical and product background, expertise in shipping infrastructure platform products, and managing product managers. Responsibilities include driving crypto payment product development, launching products, developing product strategy for APIs and security, and partnering with internal teams.

Chief Information Security Officer (CISO) - CryptoRobinhoodMenlo Park$217,000 - $255,000 a year

Robinhood is hiring a Chief Information Security Officer (CISO) to oversee its "Cybersecurity Program", Responsibilities include conducting cybersecurity risk assessments, supervising third-party vendor risks, selecting cybersecurity controls, and advising the RHC board on cybersecurity matters. The ideal candidate has 10+ years in cybersecurity, experience with crypto platforms, a BA/BS degree, and familiarity with regulatory industries.

IT Security Engineer For CMS – Crypto Engineering and SolutionDeutsche BankPune

Deutsche Bank seeks an IT Security Engineer for its Chief Information Security Office's Certificate Management System program. The role entails designing and implementing crypto software, analyzing and improving services, and assisting in incident management. Applicants should have 3+ years in IT security or engineering, proficiency in a programming language, experience with an operating system, and a willingness to learn Google Cloud services.

🍩 DONUT Token's 300% Surge: Kraken's Listing Buzz!

Imagine diving into a bakery to find one particular donut flavor becoming the town's talk!

That's what's happening in the digital realm with DONUT, a Reddit crypto token, which has ballooned by 174% in just 24 hours and soared over 300% in a week.And just like a donut sprinkled with extra sugar, it rewards users for their zesty contributions, like tasty posts or juicy upvotes.

But why this sudden rush for DONUTs?No...not hunger! 🤐Whispers have it that DONUT might just land a spot on the big boy's table - the Kraken exchange.A storyline that mirrors the success tales of its cousins, MOON and BRICK, which found places on major exchanges.The cherry on top? 🍒Kraken's own support account sprinkled hints that DONUT might be on their review list.But as always, in the crypto world, it's best to wait and taste the news when it's baked to perfection!In other words...just because other Altcoins have done well, it doesn't (and never will) mean the next one will.

👬 Friend.tech Zooms Past Uniswap & Bitcoin: $1M in 24h!

Imagine if Monopoly met the world of Twitter and then took a trip into the digital future.

That's Friend.tech for you! This brainchild, which lets you buy and sell 'shares' of your pals, is the latest sensation in the decentralized social (DeSo) realm.Ok...I have to remain unbias but..."selling shares of your friends"....🚩Within eight days of its beta launch, it generated over a whopping $1 million in 24-hour fees on Aug. 19, leaving giants like Uniswap and Bitcoin network gazing in wonder.

Beneath this goldmine is a clever play: tokenize your social connections, and if you own a 'share' in someone, you get to slide into their DMs.Every transaction does come with its price - a 5% fee to be precise - making it the cherry on the revenue pie.But who's the mastermind? The bets are on the mysterious developer Racer, known for birthing social networks like TweetDAO and Stealcam.

As with any hot topic, Friend.tech is under the microscope. Analysts are intrigued by its revenue model, potential risks, and what the future holds.Ignas, a decentralized finance researcher, tweeted his two cents: its earnings stem only from trading fees. Lux Moreau, founder of Talk.Markets, hinted that as 'friendship shares' get pricier, mini-social groups might emerge.

So, if you've ever fancied monetizing your friendships, Friend.tech might be the board game of your dreams!Of course..you have to actually have friends in the first place...counts me out! 😿