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#cryptocurrency

31 posts18 participants1 post today
Public
Avoid the Hack! :donor:

Another Monday. Another edition of the Privacy Roundup featuring news items curated with end user #privacy and #security in mind.

This edition features:

- #Android Apps using #Bluetooth and Wi-Fi connection data to estimate and collect user location data
- #Apple Passwords app used insecure HTTP
- Video gamers beware: another game pulled from Steam for being #malware in disguise
- Free online converters adding malware to converted files
- Threat actors using #Reddit posts to push information stealing malware, primarily targeting #cryptocurrency traders/enthusiasts
- Data breaches at the largest US sperm bank and a large teacher union

… and more.

#privacymatters #databreach #cybersecurity #cybersecurity #infosec #gaming

avoidthehack.com/privacy-week1

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Roxanne

Please donate, i have exausted my glasses fund to pay for food and clothes, i live in an abusive and transphobic home and im constantly bullied by family members, im extremely poor and unable to work, i need money urgently to pay for basics, please help me.

current goals:

food: 35$/75$

prescription glasses: 0/250$

misc bills/expenses: 0$/150$

payment information:

cashapp: cash.app/vparagon

gofundme: gofund.me/034cef1a

cashapp referral (i make 5$): cash.app/app/QPL1BJF

monero address: 8576pqM8cmNW92eogjqnYzEewZbmwUbY61xRcGmbVCFphchaXKyAad1Xj9oNrYWQNqZkcm2kCHEzea4Y5Wd3DMUW4DozSV2

@mutualaid @disability @trans @vegan

monero qr code
#mutualaid#transmutualaid#queermutualaid
Continued thread
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Molly White

Finally, Reddit co-founder Alexis Ohanian seems to be permanently several years slow in picking up on tech trends. After insisting in 2023 that play-to-earn games were still the future of gaming, he has now proposed buying TikTok and putting it on the blockchain.

Frank McCourt and his Project Liberty project will be joined by Reddit co-founder and ex-CEO Alexis Ohanian in their effort to buy Tiktok, with a new addendum by Ohanian: “—and bring it on-chain”. One is forced to wonder if Ohanian has just woken up from a three-year-long nap still believing that “web3” is a buzzword that gets everyone excited these days.31 While Project Liberty has spoken about wanting to “put people in control of their digital identities and data” and suggested “migrat[ing] the [TikTok] platform to a new digital open-source protocol”32 — ideas that sound compelling (if vague) — it’s a shame that Ohanian seems to want to focus their efforts on blockchains. It’s perhaps not surprising, though, given Ohanian’s past investments in crypto-related projects primarily to do with blockchain-based gaming — including the ill-fated Axie Infinity game which suffered a $625 million hack [W3IGG] and then, separately, a total collapse of its in-game economy from which it has never recovered. In January 2022, Ohanian predicted that within five years, 90% of people would refuse to play a game unless they were being paid to do so in crypto (the premise known as play-to-earn).33 He re-upped the five year prediction in 2023, though I’m not sure you’re allowed to just continuously reset the clock like that.34 Given his past blockchain gaming predictions, McCourt might be wise to be a bit more skeptical about Ohanian’s assertions that blockchains will form the futur
#crypto#cryptocurrency
Continued thread
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Molly White

Despite Solana's primary claim to fame these days being a memecoin launchpad currently offering “on-chain ballsack” and “Depressed Couch Fart”, the ad depicts a man named “America”, sitting on a therapist’s couch comparing Solana to “multi-planetary travel” and nuclear energy.

Despite the fact that Solana's primary claim to fame these days is a memecoin launchpad currently offering people the opportunity to invest in such compelling meme tokens as “on-chain ballsack” and “Depressed Couch Fart”, the ad depicts a man named “America”, sitting on a therapist’s couch comparing Solana and crypto more broadly to “multi-planetary travel”, nuclear energy, and the historical innovations that led to the American industrial revolution. pump.fun homepage featuring tokens including Dr Jankui He (JIANKUI), Dog Picasso (Monkey), and FAT NIGGA SEASON (FAT).
#crypto#cryptocurrency#USpolitics
Continued thread
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Molly White

Congress has been debating stablecoin bills, and one has advanced to the full Senate thanks to five Democrats who joined all Republicans to vote for it — despite concerns about the power it grants to giant companies and the threat of introducing 2008-esque financial contagion risk.

Congress has been continuing to consider stablecoin legislation. In the House, lawmakers tussled over the Republican-led STABLE Act, with Maxine Waters (D-CA) condemning it in its current iteration because she believes it “tears down the wall that was used to separate banking from commerce” — potentially opening the doors to serious financial contagion. She urged other Representatives to reintroduce components of her own proposed legislation, introduced in the last Congress, that would establish more significant oversight and penalties for violations.2728 In the Senate, lawmakers argued over a bipartisan GENIUS Act, with Democrats arguing it doesn’t go far enough to protect consumers or national security. “Anyone who thinks the US taxpayer won’t be called on directly or indirectly to bail out these guys is kidding themselves,” argued Senator Warren (D-MA), also expressing concerns about financial contagion that she likened to the 2008 financial crisis. Several proposals to amend the bill failed along party lines, and the Senate Banking Committee ultimately voted to send the bill to the full Senate.29 Five Democrats voted with the Republicans to advance the bill, including Ruben Gallego from Arizona, who received $10 million in campaign backing from the crypto industry. The other four were Senators Rochester (DE), Alsobrooks (MD), Kim (NJ), and Warner (VA).30
In both the House and the Senate, Democrats expressed concerns that big tech giants, including Elon Musk and Twitter, would further entrench their monopoly positions and abuse consumers by beginning to issue stablecoins. Republicans mostly dismissed any arguments against the bills as fearmongering, with Cynthia Lummis (WY) downplaying concerns about crypto’s role in the drug trade by saying, “I want to assure everybody that Machiavelli is not going to get raised from the dead to issue stablecoins so we can destroy our planet with drugs.”29
#crypto#cryptocurrency#USpolitics
Continued thread
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Molly White

Sadly, for now we remain in a very much not billionaire-proof world, so I will now update you on how that’s all been going.

Substantially all remaining enforcement cases from the SEC against cryptocurrency companies (and political megadonors) have been dropped, including the lingering cases against Ripple and Kraken I mentioned last issue.

I mentioned in the last issue that the few SEC cases against the crypto firms-turned-political-megadonors that hadn’t yet been dropped would likely be dropped shortly. As predicted, the CEO of Ripple has just announced that the SEC will drop the remainder of its long-running case against the company, originally filed in 2020.20 While Ripple’s CEO described this as “a resounding victory for Ripple”, he did not draw attention to the fact that the SEC had already won the portion of the case alleging that the company had violated securities laws with its institutional token sales, which landed the company with a $125 million fine in 2023 — though this was well below the $2 billion fine sought by the enforcement agency. The SEC was in the process of appealing a decision that the company’s sales to retail exchanges did not violate securities laws, but this appeal is what will apparently be dropped shortly. Ripple and its executives contributed $48 million to crypto-focused super PACs, $12.6 million to Harris, $5 million to Trump’s inauguration fund, and several million more to various other political committees. They’ve also pledged another $25 million to the crypto super PACs for the midterms.
Similarly, Kraken has stated that the SEC has agreed in principle to dismiss its lawsuit against the exchange. As with the case against Coinbase, the SEC will ask for the case to be dismissed with prejudice. Kraken was particularly explicit that this outcome had nothing to do with the facts at issue in the case, writing: “We appreciate the new leadership both at the White House and the Commission that led to this change.”21 Kraken and its executives contributed $1 million each to Trump, Trump’s inauguration fund, and crypto-focused super PACs. Cumberland DRW, the crypto trading portion of DRW, has also announced that the SEC case against them will be dropped.22 The agency had alleged that the firm had sold more than $2 billion in unregistered crypto securities, naming popular crypto assets including Solana and Polygon among them. DRW CEO Don Wilson contributed $100,000 to a crypto-focused super PAC. Finally, NFT company Yuga Labs — best known as the creators of Bored Apes — have said that the SEC has closed an ongoing investigation into the company.23
#crypto#cryptocurrency#USpolitics
Replied in thread
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Roxanne

I updated my mutual aid goals to more accurately reflect my current mutual aid needs, i ended up overspending on basic necessities (toilet paper and other things i didnt account for) and so i dropped my glasses fund down a bit, and i now need more money for food.

Please, any donations would help me greatly! Please help me. I am an extremely poor trans girl living in an abusive and transphobic home and i need money to afford my basic necessities. Please donate whatever you can!

current goals:

food: 0$/75$

prescription glasses: 100$/250$

miscellaneous basics: 0$/100$

payment information:

cashapp: cash.app/vparagon

gofundme: gofund.me/034cef1a

cashapp referral (i make 5$): cash.app/app/QPL1BJF

monero address: 8576pqM8cmNW92eogjqnYzEewZbmwUbY61xRcGmbVCFphchaXKyAad1Xj9oNrYWQNqZkcm2kCHEzea4Y5Wd3DMUW4DozSV2

@mutualaid @disability @trans @vegan

monero qr code
#mutualaid#transmutualaid#queermutualaid
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