Memecoin search interest and market performance steals spotlight from Bitcoin

October 24, 2024 Coin Telegraph

Adoption

Memecoins have surged in popularity, outpacing Bitcoin in both search interest and market gains, but how long the trend will last is unclear.

Memecoins are dominating the news cycle over their significant volatility and growing influence in the crypto ecosystem.

Memecoin search interest has been rising, while search volume for the term “Bitcoin” on Google has dropped to one-year lows. On a scale of 0 to 100, “Bitcoin” is currently at 33, while search volumes for “memecoin” are at 77.

Google Trends uses an index-like approach to represent search volume and not exact figures. Carlos Guzman, research analyst at cryptocurrency market maker GSR, told Cointelegraph this means volume is shown on a relative basis “where the index value is the highest search volume reached in the period selected.”

Bybit Announces Stolen Funds Recovery Initiative Following .4B Hack

Bybit Announces Stolen Funds Recovery Initiative Following $1.4B Hack

Scammers promote fake Uniswap L2 on Google amid Unichain hype

October 15, 2024 Coin Telegraph

Coin Telegraph

Google mistakenly promoted a fake version of the Unichain website that spammed users with requests to drain their wallets.

As the buzz around crypto exchange Uniswap’s new Ethereum layer 2 builds, scammers have decided to take advantage of the situation to promote a fake website on Google that claims to promote the network.

The website, originally located at unlchalindefi[.]com, claimed to be the official site for Uniswap’s Unichain network. But in reality, it did not offer a new network with user-friendly apps.

Instead, it stole all of the user’s cryptocurrency and transferred it to the site’s developers, who were not affiliated with Uniswap at all, according to warnings presented in the Web3 wallet MetaMask.

Bybit Announces Stolen Funds Recovery Initiative Following $1.4B Hack

Microstrategy Stock MSTR Soars 1,620% — Outshining Bitcoin, S&P 500, and the Magnificent 7

October 13, 2024 Bitcoin.com

Amazon

Microstrategy’s stock, MSTR, has soared 1,620% since the company adopted a bitcoin-centered strategy, far outpacing bitcoin itself, the S&P 500, and tech giants such as Nvidia. The company’s bitcoin holdings now exceed 252,000 BTC. Microstrategy’s executive chairman, Michael Saylor, remains bullish about bitcoin’s price as his company plans to further boost its BTC investments. Microstrategy’s […]

Bybit Announces Stolen Funds Recovery Initiative Following $1.4B Hack

Crypto wallet drainer was on Google Play for months, stole $70K: Report

September 30, 2024 Coin Telegraph

Crypto wallet drainer was on Google Play for months, stole K: Report

App

The malicious wallet-draining app marked “the first time drainers exclusively targeted mobile users,” says Check Point Research.

IT security firm Check Point Research has uncovered a crypto wallet drainer that used “advanced evasion techniques” on the Google Play store to steal over $70,000 in five months.

The malicious app disguised itself as the WalletConnect protocol, a well-known app in the crypto space that can link a variety of crypto wallets to decentralized finance (DeFi) applications.

The company said in a Sept. 26 blog post that it marks “the first time drainers exclusively targeted mobile users.”

Bybit Announces Stolen Funds Recovery Initiative Following $1.4B Hack

Fake Crypto Wallet on Google Play Steals $70,000 in Digital Assets After Being Downloaded 10,000 Times: Report

September 29, 2024 The Daily Hodl

Fake Crypto Wallet on Google Play Steals ,000 in Digital Assets After Being Downloaded 10,000 Times: Report

Checkpoint Research

A fake crypto wallet application on the Google Play Store has reportedly stolen tens of thousands of dollars worth of crypto assets from unsuspecting customers after seeing 10,000 downloads. According to a new report from cybersecurity firm Checkpoint Research (CPR), a malicious wallet drainer on Google Play stole $70,000 worth of digital assets from users […]

The post Fake Crypto Wallet on Google Play Steals $70,000 in Digital Assets After Being Downloaded 10,000 Times: Report appeared first on The Daily Hodl.

Bybit Announces Stolen Funds Recovery Initiative Following $1.4B Hack

Three-Mile Island nuclear site reopening to power AI

September 21, 2024 Coin Telegraph

The site was ground zero for a partial nuclear meltdown in 1979, which affected a separate unit and caused nearby areas to evacuate.

Microsoft has signed a deal with the Constellation Energy Corporation — the owner of the Three-Mile Island nuclear site — to reopen the Pennsylvania facility and provide the tech company with clean energy for its artificial intelligence operations.

The 20-year deal between Microsoft and Constellation will see the restoration of the Three-Mile Island Unit 1 reactor to host the "Crane Clean Energy Center" as part of the tech giant's commitment to powering its artificial intelligence business through carbon-free power.

As part of the agreement, Constellation Energy will supply 835 megawatts of power to Microsoft and spend approximately $1.6 billion to bring the facility online — a goal the energy provider hopes to accomplish by 2028.

Bybit Announces Stolen Funds Recovery Initiative Following $1.4B Hack

Maryland Police Warn Gmail Users of Phishing Scam Demanding Bitcoin

September 20, 2024 Bitcoin.com

Bitcoin

Maryland State Police have warned of a scam targeting Gmail users, using phishing tactics to extort money through unsettling threats. Scammers are sending victims emails with Google Maps photos of their homes and demanding bitcoin payments, falsely claiming they possess incriminating evidence. The police are investigating, urging caution and providing resources for reporting these incidents. […]

Bybit Announces Stolen Funds Recovery Initiative Following $1.4B Hack

ASI Alliance ‘quite far’ from OpenAI in hardware — SingularityNET CEO

September 20, 2024 Coin Telegraph

AGI

The ASI Alliance can enable mass adoption of decentralized networks in the same way the world jumped into ChatGPT, SingularityNET CEO believes.

The Artificial Superintelligence (ASI) Alliance, an industry merger aiming to challenge Big Tech dominance in artificial intelligence, has a long path to reach rivals’ computing power. Still, a key alliance member believes it can offer much smarter decentralization solutions.

On Sept. 19, ASI officially opened voting on bringing the cloud computing and blockchain platform Cudos into its alliance in a move to expand its computing power and AI tools.

Open until Sept. 24, the vote allows the community to decide whether Cudos should join and merge their native token, Cudos (CUDOS), with the ASI Alliance, which currently includes SingularityNET, the Ocean Protocol and Fetch.ai.

Bybit Announces Stolen Funds Recovery Initiative Following $1.4B Hack

Free online service model might be coming to an end—Mental Outlaw

September 15, 2024 Coin Telegraph

Big Tech

According to Visual Capitalist, Amazon Web Services, Google, and Microsoft collectively control roughly 74% of the public cloud market.

Google is deleting old user accounts that have been inactive for at least two years, and tech YouTuber "Mental Outlaw" believes the move signifies that the company is running out of storage—which might indicate the decline of free online service models.

Mental Outlaw explained that many early users of Gmail used the service as a form of cloud storage—saving gigabytes of photos and files on the platform. The tech-focused YouTube influencer said that Google's initiative to reclaim underused space and abandoned accounts indicates that the free storage services are becoming too costly for Google to maintain.

Cloud storage by type in 2023. Source: MarketsandMarkets.

Bybit Announces Stolen Funds Recovery Initiative Following $1.4B Hack

Nvidia Q2 revenue beats expectations in record-setting boost to AI sector

August 28, 2024 Coin Telegraph

Apple

The company expects next quarter to be even better with improvement projected across nearly every vertical.

Nvidia’s earnings call did not disappoint as CFO Colette Kress announced Q2 earnings of $30 billion, beating its previous estimate by two billion dollars. This bullish signal could buoy the burgeoning artificial intelligence sector as markets reopen on Thursday Aug. 29.

Nvidia held its Q2 earnings call on Wednesday Aug. 28 in what investors and analysts have been treating as a sort of “Groundhog’s Day” for the artificial intelligence industry.

CFO Colette Kress’ announcement that the company posted a second quarter revenue of $30 billion should be enough to allay any worries over an artificial intelligence winter. These figures beat estimates by about seven percent. This continued the firm’s streak of record-breaking quarters and prompted a litany of positive responses across social media.

Google

Share this video