Imagine waking up one morning to find your robot vacuum on the fritz, your refrigerator asking you for ransom money and your crypto and bank accounts completely drained. No, it’s not the plot of Stephen King’s trashy 1986 horror “Maximum Overdrive” (about a rogue comet that triggers a global outbreak of sentient killer machines). Instead, … Read more
One of the most controversial features of President Donald Trump’s second term is his relentless criticism of Federal Reserve (Fed) Chair Jerome Powell for maintaining elevated interest rates – a stance Trump argues is unnecessarily costly to the American economy. But this is more than just rhetoric. Trump is aggressively attempting to undermine the Fed’s … Read more
A phishing email on Monday took down one of Node.js’s most prolific developers by pushing malicious code into packages downloaded billions of times a week, in what researchers call the largest software supply-chain attack in recent times. While the scope of the attack is massive, Security Alliance said in a Tuesday report that the attacker … Read more
Hackers have only managed to steal $50 worth of crypto from a massive supply chain hack affecting JavaScript software libraries, industry security researchers say. Crypto intelligence platform Security Alliance shared the findings on Monday after hackers broke into the node package manager (NPM) account of a well-known software developer and added malware to popular JavaScript … Read more
Charles Guillemet, chief technology officer at hardware wallet maker Ledger, warned on X on Monday that a large-scale supply chain attack is underway after the compromise of a reputable developer’s Node Package Manager (NPM) account. According to Guillemet, the malicious code — already pushed into packages with over 1 billion downloads — is designed to … Read more
Hackers have compromised widely used JavaScript software libraries in what’s being called the largest supply chain attack in history. The injected malware is reportedly designed to steal crypto by swapping wallet addresses and intercepting transactions. According to several reports on Monday, hackers broke into the node package manager (NPM) account of a well-known developer and … Read more
A bill proposed in the Philippine Congress would create a government-run bitcoin (BTC )reserve that cannot be touched for two decades except to pay down the nation’s rising debt load, setting some of the strictest sovereign crypto storage rules yet. The proposed Strategic Bitcoin Reserve Act, introduced by Rep. Miguel Luis R. Villafuerte, directs the … Read more
Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis. Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, … Read more
Qubic, a project led by former IOTA co-founder Sergey Ivancheglo, says it has secured more than 51% of Monero’s global hashrate, a milestone that, if true, gives it the ability to reorganize blocks, censor transactions, and attempt double-spends on the privacy-focused blockchain. Ivancheglo framed the move as a stress test to help the Monero community … Read more
Payments from crypto-related ransom attacks nearly doubled to a record $1 billion (roughly Rs. 8,304 crore) in 2023, blockchain analytics firm Chainalysis said on Wednesday. Scammers targeting institutions such as hospitals, schools and government offices for ransom pocketed $1.1 billion (roughly Rs. 9,133 crore) last year, compared with $567 million (roughly Rs. 4,708 crore) in 2022. … Read more