Malware exploits weak passwords in PostgreSQL for cryptojacking
Up to 800,000 internet-connected databases could be vulnerable to crypto-mining malware that will use their computing capacity.
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IMF sees climate change, DAOs, CBDC as threats to Marshall Islands, urges reforms
Entering the crypto economy is not a good idea for a country with “capacity constraints” and no central bank, the IMF thinks. The Republic of the Marshall Islands (RMI) has completed its annual talks with the International Monetary Fund (IMF). The country is expected to see gross domestic product (GDP) growth this year, the IMF…

Solana-based Clockwork to shutter citing ‘limited commercial upside’
Clockwork’s planned closure comes about a year after receiving $4 million in a seed round led by Multicoin Capital. 34 Total views 1 Total shares The developers behind Solana-based smart contract automation project Clockwork is set to turn off key infrastructure for the protocol at the end of October, citing “limited commercial upside."In a series…

Bitcoin mining industry created over 31K jobs in the US: Report
"Bitcoin mining companies serve as important employers and taxpayers in their local communities," the report on US Bitcoin mining read.

Is ShibaSwap safe? DeFi Safety review gives it a score of just 3%
There are concerns over ShibaSwap's transparency and security. 1555 Total views 6 Total shares Despite the immediate success of dog-themed decentralized exchange ShibaSwap, there are warnings the DEX’s liquidity providers are throwing capital into an opaque protocol of questionable security.Building on the popularity of their Dogecoin fork, Shiba Inu (SHIB), amid the Elon-Musk stoked dog-token…

Bitcoin Steady Above $9.2K as ‘Volatility Collapse’ Predicts Big Move
Bitcoin (BTC) continued its downtrend on Nov. 7, barely keeping support above $9,200 as market commentators stay realistic about the future.Cryptocurrency market daily overview. Source: Coin360“Much bigger” BTC price move could come this weekData from Coin360 shows BTC/USD down 1.6% on the day, circling $9,250 after a sudden dip saw markets bounce off $9,200.That level…

SEC chief Gary Gensler to face Congress grilling over crypto policy
The chair of the Financial Services Committee said its primary focus would be setting the groundwork for crypto regulations in the United States. 984 Total views 14 Total shares Own this piece of history Collect this article as an NFTThe United States Securities and Exchange Commission (SEC) chief Gary Gensler is set to testify before…

Texas Man Allegedly Used $1.1M in COVID-19 Relief Funds to Buy Crypto
U.S. authorities have accused a man of securing COVID-19 relief funds to invest in cryptocurrency. 2295 Total views 23 Total shares A Texas resident was charged by the U.S. Attorney for the Southern District of Texas on July 14. Allegations suggest that he fraudulently filed loan applications for $1.1 million through the Paycheck Protection Program,…

Shanghai Man: Looking deeper into China’s biggest ban yet
This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations. Well, it finally happened. The regulation-driven crypto-apocalypse in China. They started by clamping down on miners earlier this summer before finally tightening the screws…