2023-09-12

🤔How Hackers Snatched Vitalik's Account?

Howdy Folks,Did you know that September gets its name from septem, the Latin word for seven? It was the seventh month of the year in Ancient Rome!

Let's just get into it before any more days pass!

  • 📈 PayPal Expands Web3

  • 📖 Buterin's SIM-Swap Saga

  • 🌩️ Marcus's Lightning Vision

💸 PayPal Boosts Web3 with Crypto On/Off Ramps

Navigating the digital world just got a tad easier.

Imagine a bridge connecting two islands; that's what PayPal has done for Web3 payments.By introducing On and Off Ramps, PayPal is simplifying the ebb and flow of digital currencies between wallets, dApps, and NFT marketplaces for users in the U.S,

The good news? You can buy and sell supported crypto seamlessly.Smooth!! 😎Merchants can tap into PayPal's trustworthy payment experience and utilize its rock-solid tools for security and fraud management.Already having rolled out On-Ramps with integrations like MetaMask and Ledger, the addition of Off-Ramps allows users to convert crypto to USD effortlessly, readying it for shopping, saving, or banking adventures.PayPal seem to be all in on Crypto! Cool! ❄️

The icing on the cake? MetaMask users, your PayPal Off Ramps are now live!

🤦 Revealed: How Hackers Broke into Vitalik's Wallet

Picture a master lock that's supposed to be foolproof, but someone finds the master key. Ethereum co-founder, Vitalik Buterin, faced a similar ordeal.

Through a sneaky SIM-swap trick, a hacker snatched control of Buterin's Twitter account, using the age-old technique of persuading the telecom company, in this case, T-Mobile.

Unraveling the story on Farcaster, Buterin stated, "Yes, it was a SIM swap. Someone socially-engineered T-Mobile to snatch my phone number.""Socially-engineered" = persuaded (rolls eyes at people over complicating words!) 🧻Offering insights, he warned that just a phone number could reset a Twitter password, even without 2FA. His advice? Detach phones from Twitter altogether.On September 9, Buterin's account dangled a deceitful NFT giveaway, which lured victims into a $691,000 loss. 💸Ethereum developer Tim Beiko stressed the urgency of securing accounts, calling out Elon Musk to make changes. Yeah, but...Vitalik should be a little more "in the know" than the rest of us, right?

🌩️ David Marcus: Bitcoin's Bright Lightning Future

Imagine the world still sending documents via fax in the digital age. Sounds archaic, right?

David Marcus, once a pivotal figure at PayPal and Meta/Facebook, likens today's global payments to this ancient tech.He's on a mission to innovate the digital currency realm. In a recent interview, Marcus spoke about his venture, Lightspark, which plans to jazz up Bitcoin's Lightning Network.Ooh, David, some self-promoting! 😇

Drawing an intriguing comparison, Marcus noted that while we can text, email or video call anyone worldwide, our payment systems lag in universality."We're aiming to make Bitcoin a real global payment network," he proclaimed, pinpointing the uncharted territories of international transactions as a gold mine with trillions on the line. 🤑

However, he threw a curveball. Instead of seeing Bitcoin as the main transactional currency, he envisions the Lightning Network's efficiency. A scenario where you can swap dollars, yen, or euros effortlessly.So...If I understand this right...using the lightning network to settle transactions in native digital currencies...giving me CBDC energy!! 

DailyCoin Daily Meme

Ripple Steps Up to Protect Affected Users in Fortress Hack

With billions in digital assets held by centralized custodians, the stakes are high when it comes to maintaining a reputation for security. Unfortunately...

    Binance.US Condemns SEC’s “Overboard” Deposition Request

    Crypto exchange Binance.US (BAM) has jumped the gun in its ongoing standoff in court with the U.S. Securities and Exchange Commission (SEC)...

    TRX, MATIC, DOGE at Risk in FTX Liquidation Event: Messari

    Amid bankruptcy proceedings, the FTX estate has proposed selling up to $3.4 billion in crypto assets in tranches of up to $200 million weekly to make...

      Thanks for joining us!

      If you're hungry for more, there's always 

      .

      See you next time for more crypto fun!