Elon Musk declares allegiance to Dogecoin (Image: WCCFTech) Elon Musk declared his allegiance to Dogecoin causing its value to increase by 15% during this crypto volatility. The billionaire American businessman responded to a Twitter thread speculating about his Dogecoin holdings with the message: “I have not and will not sell any Dogecoins.” This move of Elon Musk immediately caused Dogecoin to increase in value after many days of falling. Earlier, the CEO of Tesla and SpaceX posted on Twitter a photo of a laptop with a $1 bill sticker on it with the caption: “How many Doge’s in the window.” If you look closely, you can see that this bill has a picture of a Shiba Inu dog, the symbol of Dogecoin, in place of President George Washington. Elon Musk’s post on Twitter (Image: Twitter) This is the second time this week that Elon Musk has publicly expressed support for cryptocurrencies, after making an announcement on Twitter that Tesla would hold onto its Bitcoins as the market shows signs of a market crash. Earlier, Elon Musk faced criticism from social media users when some suggested that he sold his Bitcoins when its price peaked in the market. Elon Musk responded by tweeting that the electric car company has a “Diamond Hand,” referring to traders who hold stocks when prices fall with the goal of making long-term profits. The drop in cryptocurrency value over the past few days is said to have started after Elon Musk posted an announcement saying that Tesla was temporarily suspending Bitcoin as payment for its car orders, due to concerns about the risk of loss of money. Bitcoin mining will have a bad effect on the environment. Since then, however, he has repeatedly said that the company will keep its Bitcoins and will allow the use of the cryptocurrency to trade again when mining becomes more stable. Elon Musk announced that he will not sell Tesla’s Bitcoin (Image: Twitter) According to the Cambridge Center for Alternative Finance, the Bitcoin industry’s annual energy consumption is on par with that of a country the size of Malaysia. And most of the mining is located in regions of China, where electricity is produced cheaply by coal-fired power plants. Tesla bought $1.5 billion worth of Bitcoin at the end of 2020 when the price of each Bitcoin was below $20,000 and sold 10% in early 2021 when the price of this virtual currency reached $50,000/Bitcoin, earning on a profit of 101 million USD.

A Colonia Pipeline fuel station. Photo: Getty Images The US Department of Transportation’s guidance notice emphasizes that this decision is in response to emergency conditions, stemming from the need for immediate transportation of fuel items, to relieve problems related to supply scarcity. Colonial Pipeline on May 9 also said that many of the company’s main operating pipelines are still closed, but some small lines connecting the supply station and distribution point have returned to normal operation. On May 7, Colonial Pipeline was hacked with ransomware, a type of code that locks systems by encrypting data and demands a ransom to restore access. The attack caused Colonia Pipeline to shut down the entire pipeline network. Colonial Pipeline transports gasoline, diesel, jet fuel and other refined products from the Gulf of Texas to the densely populated East Coast of the United States through an 8,850-kilometer pipeline, serving 50 million customers. In areas affected by supply disruptions, fuel demand increased by 4% on May 8, prices also increased by more than 4.2%. The attack caused concern among US consumers about the scarcity of gasoline supplies if the problem is not fixed in time.

Colonial Pipeline transports 2.5 million barrels of fuel per day. Photo: Colonial Pipeline According to the BBC, the state of emergency allows fuel to be transported by road. The news agency quoted experts as saying that fuel prices could increase by 2-3% on May 10, but the real impact would be much worse if this situation continued for longer. Many sources confirm that the malicious code attack is caused by a cybercriminal gang called DarkSide, which infiltrated Colonial’s system on May 6 and stole nearly 100GB of data as a “hostage”. After taking over the data, the group of hackers locked this data on some computers and servers, demanded a ransom and warned that if they did not receive the money, they would release the data on the internet. Colonial is working with law enforcement, cybersecurity and the US Department of Energy to restore service. On the evening of May 9, the company announced that although the four main pipelines continued to stop, some smaller lines between the terminals and delivery points were still operating. “Immediately after learning of the attack, Colonial proactively shut down certain systems to stop the threat. These actions temporarily halted all pipeline operations and affected some systems. our information technology system, which we are actively working on restoring,” said Colonial. “We are in the process of restoring service to other pipelines and will bring the entire system back online when we believe it is safe and in full compliance with all federal regulations. “. The DarkSide message appears on the victim’s computer screen. DarkSide isn’t the largest cybercriminal gang in the field, but the incident demonstrates the heightened risk that malware poses to critical U.S. industrial infrastructure, not just businesses. This gang lists all types of stolen data and sends the victim the URL of the “personal leak site”, where the data is pre-loaded waiting for automatic publication, if the company or organization does not. payment before the deadline. DarkSide claims to provide proof of the data obtained, and is ready to delete all such data from the victim’s network. According to Digital Shadows, a London-based cybersecurity company that tracks global cybercrime groups to help businesses limit their risk of being hacked, DarkSide acts like a company.

Fuel will be transported by road to Washington DC and the states of Alabama, Arkansas, Delaware, Florida, Georgia, Kentucky, Louisiana, Maryland, Mississippi, New Jersey, New York, North Carolina, Pennsylvania, South Carolina, Tennessee , Texas, Virginia. Colonial Pipeline is the largest oil pipeline operator in the United States On May 7, the leading US fuel pipeline operator Colonial Pipeline announced the shutdown of its entire network following a cyber attack by ransomware. Ransomware is a type of malware designed to lock down a system by encrypting data and demanding a ransom from the victim to regain access. Colonial Pipeline asked a cybersecurity company to coordinate with federal law enforcement agencies to investigate this cyberattack. The shutdown of the largest fuel pipeline network in the United States will cause the price of this item and related products to spike. According to some sources, a hacker group called “DarkSide” is suspected of causing the attack. This is a group of hackers that have carried out many cyber attacks that have cost many Western countries tens of billions of dollars in the past 3 years.

But this is not the case. “Although we cannot speak on behalf of CCMI, and did not officially announce a specific date for the launch of this service, Synchronoss is still continuing to make preparations and looking forward to helping bring RCS-based messaging services to American users.” Synchronoss recently responded to Light. Said when reading the question. Verizon’s answer is more blunt: “The owners of CCMI decided to terminate the joint venture. However, we owners are still committed to enhancing the user’s messaging service experience, including increasing the availability of RCS.” The operator in a statement Write. This development is indeed not surprising. GlobalData analyst Lynnette Luna told Light Reading: “The RCS market has been developing very slowly in the past ten years.” Lynnette Luna wrote a report on the US RCS market in June 2020 and has not been updated since. RCS first appeared more than ten years ago, when GSMA marketed the technology under the Joyn brand. They hope that operators such as Vodafone and Verizon can use RCS to create a variety of interoperable multimedia features, similar to Facebook’s WhatsApp. Although the technology has gained a certain market appeal in certain regions such as Japan, it is still unpopular in the US market. In response to Light Reading’s question, T-Mobile said: “We are committed to providing RCS interoperability and are working with other vendors to achieve this goal. T-Mobile users using Android devices can currently enjoy RCS through our network. Messaging services can also communicate with many other users around the world through RCS messaging through interoperability with Google.” In fact, since the establishment of CCMI in 2019, T-Mobile may be the only U.S. operator to speak out in terms of RCS. The operator first launched RCS in 2015 with supplier Mavenir. In 2020, T-Mobile announced that it had reached an agreement with Google to provide RCS services to its Metro by T-Mobile prepaid subscribers. Then, in March 2021, T-Mobile said that it had reached an agreement with Google that Google Messages will become the default messaging service application on all its Android devices. According to people familiar with the matter, T-Mobile’s move is aimed at eliminating mobile-specific messaging service clients, such as Samsung Message. The Google Messages application will still be connected to T-Mobile’s RCS service operated by Mavenir. Considering that T-Mobile US will account for 40% of Mavenir’s revenue in 2020, this is worth noting. “The recently announced cooperation between T-Mobile and Google is good news for the adoption of RCS and its integration as the next-generation mobile messaging service standard. By adding support for Android Message, T-Mobile does not need to rely on The updated roadmap of smartphone manufacturers has expanded the range of users and added more RCS users to its network. This is also good news for Mavenir to expand its RCS development footprint in the United States, because the three major mobile network operators are in their networks Mavenir’s RCS technology is used in the “Mavenir” said the person in charge of Mavenir’s RCS in a statement. The person in charge continued: “The major mobile network operators in the United States have completed or are completing RCS interconnection with each other and interconnection with other RCS users around the world. It is expected that RCS services from different mobile operators will be available in the future. The announcement shows that RCS has become a reality and will continue to develop.” GlobalData analyst Lynnette Luna explained that Google continues to promote the development of RCS in the United States and elsewhere in the hope that it can profit from B2C advertising. Considering the performance of such services in Japan and other countries, this is not surprising. According to Synchronoss data, Japanese consumers have an open rate of 85% of RCS messages and a click rate of 60%-which is much higher than the 0.001% click rate of users on mobile banner ads. Lynnette Luna said: “RCS is really important to Google.” She said that although the development of RCS services in the United States and other places has suffered from “the chicken or the egg problem”-that is, the operator does not support this. The service is because the customer does not use the service, and vice versa. Of course, another major development obstacle facing RCS is: iPhone maker Apple does not support RCS services, and Apple occupies nearly half of the US smartphone market. Lynnette Luna said, “This has always been the Achilles heel of RCS.” But she also said that this service may be promoted by 5G, which requires operators to deploy IMS technology, which makes RCS interoperability easier to achieve. However, Lynnette Luna does not have much hope for U.S. operators such as T-Mobile, Verizon and AT&T to vigorously promote the development of RCS. These operators are currently actively expanding their 5G networks. Indeed, AT&T did not even respond to Light Reading’s questions about the development of its RCS. C114 Communication Network Ace