According to the The Intercept, In addition to the usual way, there is an “unofficial” way to ensure that the data on the iPhone cannot be restored. However, doing so would mean damaging the device. The official way to wipe iPhone The encryption key is where your iPhone/iPad uses to decrypt information, so removing this key leaves all your data permanently encrypted and therefore inaccessible. The first thing you’ll need is a working iPhone/iPad that you can navigate using the touchscreen or connect to a computer. Before selling, giving or transferring iPhone, users should wipe old personal data. Photo: iMore. The easiest way is to do the following steps: Settings > General > Reset > Erase All Content and Settings . If your device for some reason cannot access Setting , you can try the second way by connecting them to your laptop or desktop and restore them through a third device. If the above two methods still don’t work, try putting the device into Recovery Mode , iPhone/iPad will return to factory settings and erase all your data. Alternatively, if your device won’t even turn on, use Force Restart according to the manufacturer’s instructions, then follow one of the methods outlined above. The most thorough way to delete data If you have tried all the steps above and your device still won’t turn on or can’t connect to the computer, the best way is to destroy the memory chip, which contains all user data. The flash memory chip (yellow border below) is in the same black board and controller chip. Photo: The Intercept. In ‘s post The Intercept , the author used iPad 6 as an example of how to destroy memory chips. However, regardless of model, the general procedure is the same: remove the iPhone/iPad screen, find the board, and destroy the memory chip. To get the memory chip, you must disassemble your iPad. First, find a way to remove the iPad’s touch screen so you can look at the internal components. There are specialized tools on the market to remove the panel, but if such tools are not available, you can heat around the edge of the screen, to melt the adhesive, then use a flat object and gently pry the monitor up. After removing the screen, you’ll find the iPad’s battery with a metal shell on the side that houses the iPad’s logic board and memory chip. Remove all securing screws and connection cables, and remove the board cover. Use the drill to destroy the memory chip. Photo: The Intercept. After removing the cover, you will see the memory chip is silver and located in a metal shell, next to the logic board and the black processor chip. Now all you have to do is take out the flash chip and destroy it. The suggestion from the article is to use a drill and drill through the memory chip until the device breaks. The author of the article recommends that you ensure safety issues before starting to destroy the aforementioned chip. The above method is also used by many hackers around the world to delete evidence. Catfish, the owner of Chicken Drumstick, the biggest game cheat ever, recounted smashing his memory chips one by one to erase the crime. Once discovered, Catfish quickly shut down the servers running the cheat software, and hammered out all the hard drives that might still contain cheat-related data. “I panicked so much that I smashed every chip I saw in the SSD. Then I dumped it all a few miles away,” Catfish said.

The new Google Workspace service will reach more than 3 billion users. Photo: Google Google Workspace is essentially a new version of the previous G-Suite, it will be available to everyone including those using a free Google account. This change will enable deeper collaboration between users using services such as gmail, calendar, drive, documents, sheets, slides, meetings or chat. Not all, but many users will soon get Google’s modern look and feel for services. All of them can be integrated in one tab to help users more convenient in operations. Google will separate the workspace into a top-level form of communication alongside Gmail, chat, and meetups. Google is focusing on some new features such as improved message flow, more emojis, user roles, moderation tools. Google WorkSpace allows users to carry their own encryption keys instead of managing the user’s own code. Photo: Google Users will receive many interface changes. The left sidebar will look like the bottom bar of Gmail on iOS and Android today. The right side will continue to provide various shortcuts for other features like Calendar, Tasks, and Keep. On the security front, Google announced a partnership with providers Flowcrypt, Futurex, Thales, and Virtru to allow users to carry their own encryption keys instead of managing their own. Vice President and GM, Google Workspace, Javier Soltero, said Googe’s focus is on giving consumer workers, teachers and students an equitable approach to collaboration, while still providing flexibility. Enables small groups of different users to take their own approach to communication and collaboration. Sure, Google will charge for its new service, but it’s unclear how much users will pay. With the new interface, users will have access to premium features, including smart booking services, professional video meetings and personalized email marketing. Some markets will be available in the near future and implemented by Google such as: US, Canada, Mexico, Australia, Brazil and Japan.

The tweet that the Tesla CEO released Sunday was part of an exchange with twitter users that omitted to refer to a CoinTelegraph article accusing him of “bitcoin manipulation.” Musk said that the company kept $1.5 billion of its initial investment in bitcoin, but sold about 10% to “confirm it’s easy to pay off.” [bằng bitcoin] without distorting the market”. Elon Musk has become a prominent and influential figure in the crypto world. He tweeted in May that Tesla would no longer accept bitcoin as a means of payment for its vehicles, citing the large amount of carbon emissions in bitcoin mining. esla will continue to allow transactions in bitcoin at the car manufacturer’s stores, once it is confirmed that the “mining” energy source is clean energy. Photo: Getty. This action is believed to be the cause of the sell-off of the world’s No. 1 cryptocurrency. Musk’s comments on the sustainability of bitcoin “mining” continue to resonate in the crypto community. A commonly cited metric from the University of Cambridge pegged the annual electricity consumption of bitcoin mining at around 99 terawatt-hours. This consumption is more than that of the Philippines or Pakistan. Some of Musk’s recent tweets have also sparked a mix of excitement, confusion, apprehension, and sometimes even fear in the crypto community. Earlier this month, investors attempted to analyze a mysterious tweet from SpaceX that included a bitcoin symbol and a broken heart emoji. The information that Elon Musk transmits has had a great influence on the price of dogecoin and bitcoin. Musk is also partly blamed for the current drop in bitcoin and the broader cryptocurrency complex. The Wall Street Journal has described him as the biggest influence on bitcoin. By the end of June 13, the bitcoin price was up nearly 8%, changing hands at $38,808.09 on CoinDesk. As of now, Bitcoin is up over 28% for the year but is down about 40% from its mid-April peak at $64,829.14. The world’s No. 2 cryptocurrency, Ethereum, gained nearly 5%, changing hands at $2,521.81. Back in February, Tesla revealed that it had acquired about $1.5 billion in bitcoin in a filing with the Securities and Exchange Commission. At the time, Tesla paid about $38,000/bitcoin for each bitcoin. This is the average price at the time of Tesla’s Q4 conference on January 27. This conference did not mention any bitcoin holdings and the date of filing with the SEC. Overall, the prices of digital assets like bitcoin are outperforming traditional markets.

The scammer asked the victim to allow remote computer access, then collected sensitive information to borrow large sums of money in his name. Victims are harassed and threatened hundreds of times to continue investing. Two men used to come to his house to get more money. A representative from Nottingham Police said it was investigating the incident. Bitcoin investment scams are happening more and more as the pandemic breaks out. Photo: Napoli Shkolnik. “Investment scams have increased dramatically since the outbreak of the pandemic. That’s not surprising because many people assume that most of life will take place on a computer or phone… More Internet usage means more scammers have a great opportunity to reach victims We recommend anyone who wants to invest to do their own research first, check every detail before transferring money or sharing personal information… Guys Scammers often put up ads that look professional and trustworthy, with pictures of celebrities that make people think it’s a legitimate investment,” Beach said. A Nottingham police representative advised people to double-check information if invited to invest via call, email or social media. The warning from Nottingham comes after British authorities launched a new campaign, urging people to be on the lookout for investment offers, to report immediately if there are signs of fraud. In May, a woman in the UK was scammed more than $12,000 after reading an article titled “Tesla buys $1.5 billion in Bitcoin, plans to give away $750 million worth of Bitcoin” on the BBC. fake. The article urges readers to send a Bitcoin to an e-wallet, after which “Mr. Musk” will double the amount. After sending over $12,000 worth of Bitcoins with no response, this woman realized she had been scammed. She said this is the money saved to buy a new house. How harmful is Bitcoin to the environment? To mine Bitcoin, one needs a lot of miners that work 24/7. The carbon footprint of Bitcoin mining is equivalent to Argentina’s entire carbon footprint.

Hughes’ family has a tradition of breeding for generations. Now, he uses the farm to mine cryptocurrencies with a set of “buffalo plows” that use renewable energy from cow dung. Mining coins with renewable energy With six cylinder engines at 500 rpm, Hughes’ anaerobic digestion system can turn the methane that produces cow dung into electricity. BBC said. Under hypoxic conditions, microorganisms will eat hydrogen and carbon dioxide in cow dung and release methane gas, which can be burned to generate heat. The residue left after the anaerobic stage will be used as fertilizer. Philip Hughes’ farm (left) uses cow dung to produce renewable energy, feed livestock, and mine Ethereum. Photo: Crypto Hunter. According to Hughes, about two-thirds of the electricity generated from the anaerobic digester powers the nearby cattle ranch and caravan park. The rest of the energy is used for “buffalo plow” platforms to mine Ethereum. Hughes said Ethereum mining returns are good, but “depends on the date the question is asked,” referring to the cryptocurrency’s unpredictable price movements. Since May, the value of Ethereum has dropped from more than $4,000 to around $2,500, according to data from . CoinDesk on the evening of 10/6. Is mining with green energy possible? Not only digging Ethereum at the farm, Hughes also came up with the idea of ​​​​renting a “buffalo plow”. Josh Riddett, a representative of Easy Crypto Hunter miner provider, said that the cost to pay is about $ 25,400 for each “buffalo plow” set consisting of many computer graphics cards with strong configuration. According to Riddett, Easy Crypto Hunter’s mining rigs have been installed in 42 different locations. They use energy forms such as solar, wind, hydroelectricity and stored methane from anaerobic digesters. The longevity of the “buffalo plow” platforms causes concern about e-waste. Photo: Getty Images. However, representatives of some small hydropower projects are concerned that cryptocurrency mining may have an adverse impact on the environment. Meanwhile, the hydroelectric power plant operator said that the unstable value of cryptocurrencies makes it difficult to recover capital for the project. Some people said that crooks broke in and stole the mining rig. Besides hydroelectric power, the initiative to use renewable energy (green energy) to mine cryptocurrencies is also controversial. According to the BBC , renewable energy to mine coins can be used for other purposes such as powering electric cars or heating. Financial economist Alex de Vries said that using green energy to mine coins is wasteful. “The benefits these systems offer are very limited. Bitcoin can only process up to 7 transactions per second, while payment services like Visa can process 65,000 transactions per second if needed.” Vries is also concerned that the longevity of the “buffalo plots” could make them quickly become e-waste. Using renewable energy to mine coins is considered wasteful. Photo: BTCManager. In the UK, the Association of Bioresources and Anaerobic Digestion of the country said that the number of energy plants mining cryptocurrencies is quite small. While the future of cryptocurrency is unclear, several people have expressed interest in Hughes’ mining project. This farmer is fully aware of the risks of investing in assets whose value fluctuates, sometimes with just a single tweet from Elon Musk. If the cryptocurrency market crashes, Hughes said he will use the computing power of the “buffalo” to serve other purposes, such as hiring filmmakers to render. The owner of the net shop removed the machine, digs coins and waits for the translation to end Due to the impact of the Covid-19 epidemic, Mr. Nguyen Minh Quan (Thu Duc City) had to close the net shop, remove the graphics card to dig coins, earn extra income waiting for the reopening date.

Accordingly, US investors have made a profit of up to $ 4.1 billion by investing in this world’s number 1 “virtual currency”. Right behind the US is China with 1.1 billion USD. The remaining positions in the top 5 include Japan ($0.9 billion), UK ($0.8 billion) and Russia ($0.6 billion). Notably, this list also includes the presence of Vietnam. According to Chainalysis estimates, Vietnamese investors have earned $0.4 billion in 2020 by investing in Bitcoin. On a global scale, Vietnam ranks 13th in the world in terms of Bitcoin-related profitability. Vietnam is also the 4th country in terms of cryptocurrency profits, just behind China, Japan, and South Korea. Ranking of the 25 most profitable countries from Bitcoin in 2020. According to Chainalysis, due to the decentralized nature of the technology, it is very difficult to find out where the parties are in a cryptocurrency transaction. The published results were estimated using transaction data from services that Chainalysis tracks. In its analysis, Chainalysis measures the total volume of Bitcoin transactions at each crypto exchange. They estimate the amount earned by the difference in the price of Bitcoin at 2 times of entering and leaving the exchange. Chainalysis then distributes this profit based on each country’s share of web traffic on each exchange. By doing this, Chainalysis has produced a report on how much return investors in each country will make with Bitcoin in 2020. Even so, Chainalysis’s methodology is approximate and not yet available. regardless of the profits from the digital assets still in the exchanges. Vietnam currently ranks 10th on the Global Cryptocurrency Acceptance Index. According to Chainalysis, Vietnam is a perfect example of a country where the level of participation in cryptocurrency transactions far exceeds the ranking of the economy. Although only ranked 53rd in GDP with about $262 billion and ranked as a low-middle-income country, Vietnam still has a fairly high level of acceptance for cryptocurrency transactions. Accordingly, Vietnam ranks 10th out of 154 countries in the Global Cryptocurrency Acceptance Index. This is one of the rare indexes where Vietnam has the same rank as developed countries such as the US, China or South Africa, even more than many other developed countries such as the UK, France, Germany, and Spain. , Japan, Korea,… With such popularity, Chainalysis is not surprised that Vietnamese investors ranked 13th in the world in terms of income earned from Bitcoin in 2020. Many Vietnamese Bitcoin investors have won big in 2020. Similar to Vietnam, this phenomenon also occurs in a number of other countries such as the Czech Republic (54th in GDP, 18th in income from Bitcoin), Turkey (25th in GDP, 16th in revenue). Bitcoin income) and Spain (19th in GDP, 9th in Bitcoin income). On the other hand, despite having the 4th largest economy with the 2nd largest population in the world, India is being left behind in the crypto economy. In 2020, the country’s investors only made 241 million USD from the increase in the price of Bitcoin, ranked 18th in the world. This is because the Indian government does not seem to be very friendly with cryptocurrencies. India used to ban all cryptocurrency transactions in the country, until the Supreme Court of India lifted the ban in March 2020. Although many Vietnamese investors are making big profits from cryptocurrencies. Having said that, investing in Bitcoin or other cryptocurrencies is a very risky investment. Therefore, investors need to be careful and learn carefully before deciding to enter this harsh market.

Mr. Goosdeel affirmed that this situation shows that in order to be able to deal with future disasters, it is necessary to quickly change the perception that drugs are not a problem of only one person, but that it is affecting people. community at large in more ways. In the report, EMCDDA warned that drug addicts now have access to a wider range of drugs, with higher purity. In 2020 alone, 46 new drugs were discovered in the European Union (EU). In the context of many countries imposing restrictive measures to prevent and control the COVID-19 epidemic, whereby, discos and bars must close at night, reducing the drugs used on special occasions. parties such as ecstasy, consumption of some has increased significantly, especially the purchase and sale of the compound benzodiazepine, often prescribed for sedation. In addition, the EMCDDA report also noted that the authorities had seized a record amount of cocaine in 2019, with 213 tons, much higher than 177 tons in 2018, and the number of people who had to detox for the first time as well. Strongly increasing.

According to the CryptoNews From mid-March until now, Elon Musk has directly mentioned Bitcoin 9 times on his personal page. Two of them, he made the market red, Bitcoin depreciated by 10%. Elon Musk has a big impact on the Bitcoin market? The last time Elon Musk posted an article about Bitcoin was an image of an angry couple, with the words “BTC” and a broken heart symbol. Many people think this is a signal that Elon Musk no longer believes in the most valuable cryptocurrency. Soon after, he posted a meme photo of a trader who had difficulty trading because of the price correction. Is Elon Musk Talking Too Much About Bitcoin? Photo: Nikkei. According to the CryptoNews Bitcoin price dropped 2% just an hour after Musk posted the above article. In the following 24 hours, the Bitcoin price dropped 6%. That’s not the biggest drop Musk has made with the crypto market. On May 12, when Elon Musk announced that Tesla stopped accepting Bitcoin, in just an hour, the price of Bitcoin dropped 10%. This number remains for the next 24 hours. Not every article by Elon Musk has had such a large market impact. Out of Elon Musk’s last 9 Bitcoin-related posts, as of March 12, the majority have generated less than 1% volatility in the Bitcoin price. Even many articles have a positive influence, like when Elon Musk posted the Bitcoin symbol and diamond hand, alluding to the term Diamond hands, which are people who hold coins for a long time to wait for the price to rise. Following the aforementioned post, Bitcoin price increased by 3.6%. Over the next 24 hours, the increase is 10%, but it is difficult to confirm that it is entirely due to Musk’s post. Musk’s latest post is understood by many in the sense that he wants to “break up” with Bitcoin. Screenshots. CryptoNews commented that except for the news that Tesla stopped accepting Bitcoin payments and broke his heart, Elon Musk’s articles did not have too much impact on the cryptocurrency market in general and Bitcoin in particular. The fluctuations after his post were mainly due to previous market movements, hard to say because of Musk. Reasons for the volatility of the crypto market can include traders’ excessive use of leverage, China’s crypto ban, signals of crypto restrictions in the US, or concerns about cryptocurrency markets. environment. Elon Musk is getting hate for talking too much It cannot be said that Elon Musk can single-handedly influence the cryptocurrency market. However, the fact that he shares too much about this field still has the opposite effect on the reputation of the CEO of TEsla. Recently, every time Musk writes a Bitcoin-related article, he often receives negative feedback. According to data from the company Awario, which measures the emotions of social network users, the rate of positive responses to Elon Musk’s tweets fell to the lowest level in May. Negative feedback peaked on May 12, when he announced Tesla would stop accepting Bitcoin electric vehicle payments. Talking too much about cryptocurrencies, especially negative articles about Bitcoin, is damaging Elon Musk’s reputation. Photo: Twitter. In January, the number of tweets for and against Elon Musk was about equal. However, by May, the number of tweets against the Tesla CEO was 25% higher. This is the highest negative rate since Awario started measuring it in October 2020. According to this company, the number of tweets with neutral views still accounts for the highest proportion, up to 66%. “Clearly he is teasing the community,” said Bobby Ong, co-founder of crypto data analytics firm CoinGecko. “When Musk speaks out about crypto, the market will wait for a reaction,” Nick Spanos, co-founder of the ZAP Protocol crypto project told Reuters. While data from Musk’s most recent statements shows that the market reaction is less dependent on his words, Musk could still have a negative impact on his reputation. More than just damage to the crypto market, this could directly affect his other companies like Tesla. “Elon is slowly entering an area where it’s best not to say much, because Bitcoin is the currency of the future. I think that’s the danger zone for Elon, because when he makes his dips. price makes a lot of people lose money, they will stop supporting him and then Tesla,” Ross Gerber, CEO of investment firm Gerber Kawasaki and Tesla investor shared with Yahoo Finance .

As the creator of Bitcoin when he released the first white paper on this currency in 2008, Nakamoto suddenly disappeared in 2011. After 10 years, the true identity of the “father” of Bitcoin is still unknown. Sketch of Nakamoto’s statue to be placed in Hungary. Photo: Réka Gergely. According to the Coin Telegraph , a statue of Satoshi Nakamoto will be erected in Budapest (Hungary) with the size of an adult. The face on the statue is mysterious, showing his unclear identity. The statue of Nakamoto in Budapest is made of bronze, the face is plated with a reflective layer so that viewers can see their own faces, emphasizing the saying “we are all Nakamoto” that Bitcoin investors often use. The Nakamoto casting project was started by András Györfi, a cryptocurrency advocate, with funding from four organizations including Mr. Coin, Crypto Academy, Hungarian Blockchain Association and Blockchain Budapest. Share with Hungary Today , Györfi highlighted the benefits of Bitcoin and blockchain technology for different sectors of the world. “This is an efficient, fair and transparent database that eliminates suspicion between people, bringing positivity to the world in many areas, from food supply to hospital distribution. support,” said Györfi The Nakamoto statue is expected to be located at the Graphisoft park in the 3rd district of Budapest. This park is also home to a statue of the late Apple CEO Steve Jobs. The statue was erected by Graphisoft, a software company in Hungary that Jobs invested in in the mid-1980s. Nakamoto’s statue will be placed near the cast of Steve Jobs. Photo: Wikimedia. This is not the first time that statues related to cryptocurrency have appeared. In 2018, the city of Kraj (Slovenia) placed a Bitcoin statue at a roundabout near the city court, consisting of a 7 m wide steel ring, containing the Bitcoin symbol in the center. Cryptocurrency is a hot topic in Hungary. On May 11, the government of this country announced to cut the cryptocurrency transaction tax from 30.5% to 15% in 2022, part of the country’s economic recovery plan after the pandemic. Expensive price for Bitcoin mining Since the advent of cryptocurrencies, the amount of electricity required for mining has increased significantly. This leads experts to believe that cryptocurrency mining is not environmentally friendly.

Accordingly, the image shared by Elon Musk shows a couple having problems in love. (Photo: Reuters) The girl said that the love affair between the two would end if the boy continued to post the lyrics of the group Linkin Park. And the guy replied, “So in the end it didn’t even matter?” – are the lyrics to the band’s famous “In The End”. With the hashtag #Bitcoin and a broken heart, along with a photo of an angry couple and the song “In the End,” it seems like Elon Musk is hinting that his love of Bitcoin is over. (Screenshots) Bitcoin immediately dropped 2.8%, to $37,800. Prior to that, Bitcoin was on a rebound from multi-month lows, to climb to nearly $40,000. The cryptocurrency market was also affected and dropped heavily after Bitcoin unexpectedly plunged. Before that, Elon Musk has repeatedly made Bitcoin and other digital currencies go up and down like a “roller coaster” with his tweets. (Image: POOL/AFP via Getty Images) Most notably, last month, he took a 180-degree turn when he decided to stop allowing customers to buy Tesla cars with Bitcoin, citing concerns that Bitcoin mining would harm the environment. “Tesla has stopped accepting car purchases with Bitcoin. We are concerned about the rapidly increasing use of fossil fuels for Bitcoin mining and trading, especially coal. Cryptocurrency is a good idea on many levels and we believe it has a promising future, but that cannot come at a cost to the environment. (Photo: AFP) Tesla will not sell any Bitcoin and we plan to use it for transactions as soon as we transition mining to more sustainable energy,” Elon Musk said in an announcement posted on Twitter on the 13th. /5. Even so, Bitcoin supporters still argue that this drop will be a stepping stone for the currency to continue setting new records in the near future.

Meanwhile, Ether – the world’s second largest cryptocurrency – saw a 40% drop in price from a peak of $4,382 per coin to over $2,600 per coin. Bitcoin price plummeted after Tesla CEO Elon Musk announced that the company would stop accepting Bitcoin payments. Along with that are regulatory risks from the Chinese government. However, experts say that the fall of cryptocurrencies could be an opportunity for Ether to surpass Bitcoin. The explosion of decentralized finance and non-fungible tokens has pushed the price of Ether to skyrocket over the past 12 months. Photo: Coin Desk. “More Useful Than Bitcoin” “A sell-off will cause investors to reconsider and choose to buy the cryptocurrency they think can be most successful. And most importantly, that coin needs to survive the ‘regulatory storm’ ‘ is about to come,” said financial expert Edward Moya at consulting firm Oanda (USA) in an interview with Mr. Zing . According to the expert, Ether will benefit after this sell-off. “Ethereum’s blockchain is widely used. The coin may outperform other competitors after the storm is over,” he added. Yao Qian, director of the Science and Technology Supervision Bureau under the China Securities Regulatory Commission, said that central bank digital currencies (CBDCs) are set to become smarter. According to him, they could one day work on blockchains like Ethereum. Mr. Yao Qian said that CBDC should not try to be a form of digital currency, but incorporate smart contract functionality. Even after the decline, Ether price is still up 243.67% since the beginning of 2021. Meanwhile, Bitcoin has only increased in price by 25.93%. Todd Morley – co-founder and former CEO of investment firm Guggenheim Partners – thinks that Ethereum is “more useful than Bitcoin” and is “where it really works”. The increase since January 1, 2021 of the Bitcoin price has shrunk to nearly 26%. Photo: Coin Desk. “To me, Ethereum is much more useful than Bitcoin thanks to smart contracts,” he told Bloomberg . “Ethereum’s application developers are growing at 20x for 6 years in a row, much faster than Moore’s Law,” he added. Moore’s Law refers to the prediction by engineer Gordon E. Moore, co-founder of Intel, that the number of transistors on a chip would double every two years while the price of computers halved. Over the past 12 months, the popularity of DeFi (decentralized finance) has skyrocketed, pushing up the price of Ether. DeFi projects pay interest on Bitcoin or Ether deposits, mortgage loans or cryptocurrency swaps on decentralized exchanges. Soon to surpass The Ethereum network is therefore used for financial management, lending, and collateral. All without banks and brokers. Along with that is the hot development of non-fungible tokens (NFTs), a virtual item authenticated by blockchain technology, with the digital signature of the owner. NFT is an indivisible, indivisible, blockchain-based smart contract, indestructible, verifiable, and no-second duplicate asset. Everydays: The First 5000 Days by crypto artist Beeple sold for $69.4 million at a Christie’s auction. According to part of a report by Wall Street giant Goldman Sachs shared on Twitter back in May, Ether has many opportunities to “overtake Bitcoin as the dominant store of value” and the “Amazon of information.” . Ether has a high chance of surpassing Bitcoin as a store of value Golmand Sachs analysis team “Given the importance of its use in defining a store of value, Ether has a high chance of overtaking Bitcoin as the dominant store of value,” commented analysts at Goldman Sachs. According to the data of Coin Desk , Ether’s market cap currently stands at $305 billion, almost half of Bitcoin’s $691 billion capitalization. Some are also looking to upgrades to the Ethereum network, allowing Ethereum to scale and reduce costs. “Investors often see Ether as a growth investment. They bet on the growth of a decentralized ecosystem built on top of Ethereum,” said Phil Bonello, Research Director at Grayscale Investments. , comment. The Ethereum network is more used than Bitcoin and countless developers are still working. Bitcoin now accounts for about 42.3% of the total cryptocurrency market value, down from 70% at the beginning of the year. Ether’s rate is 18.65%.

“This group leaves cash in specific places – behind a bush or under a bus seat – for criminals to get. They send specific location instructions. This is a whole new profession.” Financial Times quoted Dr. Tom Robinson, founder of Elliptic organization specializing in analyzing cryptocurrency transactions. The dark web site Hydra (Russian) offers a variety of methods for criminals to exchange cryptocurrency for cash, for example exchanging Bitcoins for gift certificates, debit cards or iTunes vouchers. Special software is required to access the Hydra dark web. Photo: ZDNet. Anonymous but still leaving traces According to experts, the ability to store cryptocurrency without providing an identity makes this currency especially attractive to many criminal gangs, especially hackers specializing in breaking into networks of businesses. and demand ransom. Statistics from research firm Chainalysis show that in 2020, businesses and organizations paid at least $350 million in cryptocurrency ransoms to a number of hacker groups, including DarkSide, the group that attacked the pipeline system. Colonial Pipeline earlier this month. But while anonymous, cryptocurrency transactions are recorded on an immutable blockchain system, leaving a clear trail for anyone with any knowledge of the technology. A number of investigative firms have been established to assist national authorities in tracking various criminal gangs by analyzing the flow of cryptocurrency transactions. Chainalysis (headquartered in New York, USA) is one such company. Binance cryptocurrency exchange. In 2011-2019, cryptocurrency exchanges supported the conversion to cash of about 60-80% of Bitcoin transactions by criminal groups. Photo: Binance. Chainalysis raised $100 million in its initial public offering, reaching a valuation of over $2 billion. There are also Elliptic (headquartered in London, UK) and CipherTrace, a company supported by the US government. Chainalysis said that in 2020, some illegal organizations receive about 5 billion USD and transfer 5 billion USD to other organizations. This represents almost 1% of all global crypto flows. Initially, the criminals only withdrew funds through major cryptocurrency exchanges. Elliptic estimates that between 2011 and 2019, cryptocurrency exchanges supported the conversion of about 60-80% of Bitcoin transactions by illegal organizations into cash. Take advantage of crypto ATMs Since last year, exchanges have been concerned about the tightening of regulations by many governments, so they have begun to apply anti-money laundering (AML) and customer identity verification (KYC) processes. This change pushes criminals to unlicensed exchanges. Still, expert Michael Phillips of online insurance company Resilience said that unlicensed exchanges have low liquidity, making it difficult for criminals to convert crypto to fiat. “The goal is to make it more expensive for criminals to convert money,” he explained. However, criminals still have a way around. Research by Chainalysis shows that some intermediaries are quietly assisting gangs in conducting many illegal money conversion transactions. Meanwhile, small-scale transactions still flow through more than 11,600 crypto ATMs worldwide without any control, or through gambling sites that accept crypto payments. Criminals can use crypto ATMs to get cash. Photo: EPA. Faced with that situation, crypto security companies use the technology of analyzing blockchain transactions and intelligence to determine which crypto wallets belong to criminal gangs. At the same time, they provide an overview of the global crypto crime ecosystem. As a result, companies discovered that many hacker groups lease ransomware to criminal networks. Kimberly Grauer, director of research at Chainalysis, said hackers also pay support services to other criminal groups in cryptocurrency. Thus, a criminal cryptocurrency ecosystem has been formed on a global scale. “We were able to see the ransom transactions, how the gangs split the money and how that money went to groups in the system,” Grauer said. The tricks are getting more and more sophisticated However, cybercriminals are increasingly using a variety of high-tech tools to obscure the traces of cryptocurrency transactions. Some criminals use “chain-hopping” – repeatedly switching between different cryptocurrencies – to avoid the eyes of security companies. In addition, they use a “privacy cryptocurrency” like Monero, which has a high degree of anonymity. Another tool commonly used by criminals is a “mixer,” a third-party service that mixes illegal cryptocurrencies with clean money, before pushing them back onto the market. In April, the US Department of Justice arrested a Swedish citizen of Russian origin, who specialized in operating a “mixing” service called Bitcoin Fog. During the past 10 years, this guy has transferred a total of 335 million USD in Bitcoin. Governments need to modernize confiscation and asset freezing processes to make it easier to confiscate cryptocurrencies from exchanges. Tom Kellerman, director of cybersecurity strategy at VMware V “It is possible to untangle mixed cryptocurrencies. However, that requires high technology and a lot of processing and data power,” said Katherine Kirkpatrick, director of law firm King & Spalding. According to Elliptic, the popular 2020 coin mixers are highly anonymous “personal wallets”. They supported 12% of Bitcoin wash transactions last year. Tom Kellerman, director of cybersecurity strategy at VMware and a member of the US Secret Service’s advisory board, said that governments need to modernize the process of confiscating and freezing assets for law enforcement. easily confiscate cryptocurrencies from exchanges. In the past, blockchain security experts have floated the idea of ​​sharing a “blacklist” of crypto wallets used by criminals with exchanges, analytics firms, and governments. “Now is the right time to consider that initiative.” he Kemba Walden of Microsoft’s Digital Crimes Unit.

“Many large mining owners have contacted me to move their rigs to North America, Europe, Kazakhstan,” Edward Evenson, business development manager at mining firm Slush Pool, said on Twitter. Where does the owner of the Chinese coin farm move? According to Mr. Evenson, the large ASIC mining pools in Xinjiang are being moved to other regions in Central Asia. However, many new batches of miners from companies such as Bitmain, MicroBT are moving directly to North America. Bitcoin farm owners in China will have to find new locations to operate, after the country’s government announced a ban on mining. Photo: Bloomberg. This expert said that the coin farmers who contacted him to move out of China own a miner with a total power consumption of up to 400 MW. This is equivalent to the entire electricity consumption of all Bitcoin mining pools in Quebec, Canada. Meanwhile, Dovey Wan, founder of consulting firm Primitive Ventures, said that in addition to Pakistan and Kazakhstan, countries that are near and have policies to attract Chinese businesses, many companies can choose to move machines. dug into Africa because electricity here is very cheap. Michael Saylor, CEO of MicroStrategy, believes that major mining companies in China will gradually move to the US. “I think in the near future most of the mining capacity will be going to the US and some other parts of the world,” Saylor, a frequent crypto advocate, said in an interview with Cointelegraph. CNN . Many Chinese regions such as Inner Mongolia, Xinjiang, and Sichuan are home to large Bitcoin mining factories. Photo: Bloomberg. Before China strongly banned Bitcoin mining, mining in the country accounted for 65% of the global Bitcoin mining capacity. Immediately after the ban, BTC.TOP, which accounts for 2.5% of Bitcoin capacity, announced the cessation of operations in the Chinese territory. According to the Coin Telegraph In the past few years, the region of Quebec, Canada has also become an attractive area for coin ranchers because of cheap electricity and many hydroelectric plants. This is considered a green energy source, with less emissions than thermal power plants. “There are currently about 90 companies in this industry operating in Quebec,” said Jonathan Côté, representative of Hydro-Québec hydroelectric power company. Mr. Evenson assessed that the diversification of the location of coin farmers has taken place in the past, but China’s ban on mining will accelerate this process. China bans mining but still dominates the world coin market One of the most controversial topics of the past few years has been the dominance of mining pools in China over the rest of the world. Many cryptocurrency advocates fear this outperformance will make Bitcoin’s decentralization worthless. China’s ban on Bitcoin mining may create hope that mining capacity will be less concentrated in large Chinese companies. However, experts say that no matter where they move to operate, the mining camps still belong to the Chinese. “Whether registered and operated in another region such as the US, Kazakhstan or Africa, the truth is that the mining pools still belong to Chinese companies. This transition only makes centralized networks difficult. more monitoring,” said Mrs. Dovey Wan. Yusan Zheng, founder and director of fund management company Waterdrip Capital also believes that China’s ban on mining will make it difficult for small companies, and large companies to benefit. “To find new locations for mining camps, companies will have to spend a lot of money. Only large, experienced companies can go through this stage,” said Mr. Yusan Zheng during the meeting. chat of CoinDesk . According to many experts, even if China bans mining, the world’s largest coin farms still belong to the Chinese. Photo: Bloomberg. Centralization has always been a threat to Bitcoin in particular, and all cryptocurrencies operating on the blockchain in general. If all the newly created Bitcoins were in the control of a few large companies, the neutrality and accuracy of the blockchain would be at stake. Inner Mongolia, one of the regions with the most mining camps in China, has recently proposed multiple penalties for miners. According to the proposed bill, telecommunications, Internet, software parks, or even internet companies that mine or provide resources for mining could have their electricity cut off, withdrawn or even confiscated. license revocation. The bill also stipulates that violators will be blacklisted for their social credit scores, meaning they won’t be able to borrow money from banks or use public transportation. Previously, the Inner Mongolia government also announced a hotline for people to call and report cases of illegal mining. Coin Telegraph The ban on Bitcoin mining will bring many benefits to China. The country has both met its climate target and can boost circulation of the digital yuan as cryptocurrencies are banned from trading. Meanwhile, Chinese businesses operating coin farms abroad will still have to pay taxes.

According to the Businesstoday , immediately after appearing on several exchanges, the price of this cryptocurrency increased by 1,000% in just 24 hours. From around 0.17 USD per coin, the price of DubaiCoin increased to 1.13 USD on May 27. The developer claims that DubaiCoin will soon be used in a series of product and service transactions both offline and online, replacing traditional fiat currencies. Currently, the value of DubaiCoin has reached 0 USD after the Dubai government announced that this digital currency has not been approved by any authority. DubaiCoin rapidly increased in price after its launch. Photo: Businesstoday. Not too long ago, an emerging coin that also caught the eye was Polygon from India. The famous “shark” billionaire on the show Shark Tank, Mark Cuban, has publicly supported and invested in this cryptocurrency. Currently, Polygon’s market capitalization is over 10 billion USD and is among the 20 largest cryptocurrencies in the world. On May 28, the cryptocurrency market showed signs of recovery. Bitcoin was trading at above $38,000/BTC at around 9am. This coin has still not been able to surpass the $ 40,000 mark in the context of China’s strict policies on mining and trading in coins. Since mid-April until now, the Bitcoin price has dropped by about 30% due to China’s policy and Elon Musk’s open tweets. The owner of the net shop unplugs the machine, digs coins and waits for the translation to end Due to the impact of the Covid-19 epidemic, Mr. Nguyen Minh Quan (Thu Duc City) had to close the net shop, remove the graphics card to dig coins, earn extra income waiting for the reopening of the shop. Businesstoday

According to the job posting posted on May 26, candidates need to have experience “working at alternative payment method providers including e-wallets, BNPL (buy first, pay later), fast payments (Fast Payments). ), cryptocurrency…” for 5 years or more. Apple is hiring for a position with experience in the areas of payments, including cryptocurrencies. Photo: Forbes. According to Apple, the hire will take on the position of business development director of Apple Wallets, Payments and Commerce (WPC). Job duties include model identification, planning, screening, negotiation, and maintaining relationships with alternative payment program partners. In addition to experience in the payments sectors, this role will work with senior partners in the company, providing “direction based on market research and Apple’s opportunities”, influencing “the strategy of the company”. business strategy and product roadmap”. While crypto experience is not required if the candidate has knowledge in other areas of payment, the inclusion of crypto on the list suggests that Apple may consider adding a cryptocurrency payment method in the future. future. Earlier in April, leaked photos showed that the Apple Pay service could support Visa cards integrated with Coinbase e-wallet, a cryptocurrency trading platform. In 2019, Apple Pay VP Jennifer Bailey said that she was “watching cryptocurrency”, calling it an area with “long-term potential”. Apple services or stores have never accepted payments in cryptocurrencies, in addition to a strict payment policy for all apps released on the App Store. According to the MacRumors , does not rule out the possibility that Apple is looking for people with experience in the payment fields to ensure its ability to compete with competitors if needed. Expensive price for Bitcoin mining Since the advent of cryptocurrencies, the amount of electricity required for mining has increased significantly. This leads experts to believe that cryptocurrency mining is not environmentally friendly.

Ransomware is a type of malware that encrypts the victim’s data. Cybercriminals using ransomware also often steal data. The hackers then demanded a payment to unlock the files and promised not to leak the stolen data. In recent years, hackers have targeted victims with cyber insurance policies, and large volumes of sensitive consumer data make them more likely to pay ransoms, according to cybersecurity experts. According to the unnamed source, CNA paid the hackers about two weeks after a bunch of company data was stolen and CNA officials were locked out of its own network. CNA does not comment on the ransom, with a CNA spokesperson saying CNA followed all laws, regulations and guidelines, including OFAC’s 2020 ransomware guide, in handling the matter. CAN also shares attack intelligence and hackers’ identities with the FBI and the Treasury Department’s Office of Foreign Assets Control because facilitating ransom payments to hackers can cause punishment risk. The largest ransom amount Ransomware attacks – and payments in particular – are rarely disclosed so it’s difficult to know what the largest ransom is. The $40 million payout is larger than any previously disclosed payments to hackers. The hackers attacking CNA used malware called Phoenix Locker, a variant of ransomware called ‘Hades.’ According to cybersecurity experts, Hades was created by a Russian cybercrime organization called Evil Corp. Evil Corp. was sanctioned by the United States in 2019. However, identifying attacks can be difficult because hacking groups can share code or sell malware to each other. CNA, which provides cyber insurance, said its investigation concluded that the Phoenix hacker group was not on the US sanctions list. The disclosure of the payment is likely to draw outrage from lawmakers and regulators who are unhappy that US companies are paying large sums of money to criminal hackers who over the past year have targeted hospitals, drug manufacturers, police forces and other entities critical to public safety. The FBI discourages organizations from paying ransoms because it encourages additional attacks and does not guarantee data will be returned. Last year was a standout year for ransomware groups, with a task force made up of security experts and law enforcement agencies estimating that victims paid around $350 million in ransom last year, up 311% compared to 2019. The Task Force suggested 48 actions the Biden administration and the private sector could take to mitigate such attacks, including better regulation of money markets. digital currency used to make ransom payments. The report, prepared by the Institute for Security and Technology, was delivered to the White House days before the Colonial Pipeline Company was compromised in a ransomware attack that resulted in fuel shortages and long lines at stores. gas stations along the US East Coast Bloomberg reported that Colonial paid hackers nearly $5 million shortly after the attack. Colonial CEO Joseph Blount, in an interview with the Wall Street Journal published Wednesday, confirmed that the company paid the hackers – $4.4 million in ransom. According to two people familiar with the CNA attack, the company initially ignored the hacker’s request and attempted to recover the data without negotiating with the criminals. But within a week, the company decided to start negotiating with the hackers, who were demanding $60 million. Residents said the payment was made a week later. According to Barry Hensley, chief intelligence officer at cybersecurity firm Secureworks Corp. then the Phoenix Locker seems to be a variation of Hades based on the overlap of the code used in each. He said they have not yet identified which hackers used the Hades variant to attack CNA. Cybersecurity firm CrowdStrike Holdings Inc believes Hades was created by Evil Corp. to bypass US sanctions against the hacking group. In December 2019, the Treasury Department announced sanctions against 17 individuals and six entities associated with Evil Corp. At the time, the Treasury Department said Evil Corp used malware “to infect computers and collect login information from hundreds of banks and financial institutions in more than 40 countries, causing more than 100 million dollars of theft. “It is illegal for any U.S. company to knowingly pay a ransom to Evil Corp. According to Melissa Hathaway, President of Hathaway Global Strategies and a former cybersecurity adviser to Presidents George W. Bush and Barack Obama, demand for ransomware has grown exponentially over the past six months. Hathaway said the average hacker’s ransom demand is between $50 million and $70 million. Those claims are often negotiable, and companies often pay ransoms in the tens of millions of dollars, in part because cyber insurance policies cover some or all of the costs. Hathaway estimates that the average payout is between $10 and $15 million. Ngoc Linh – According to Insurance Journal

Scam notice on DeFi100 website. Screenshots. “We fooled everyone and nobody could do anything about it,” said the statement, signed by Devsin, who is said to be the head of the DeFi100 project. According to the above information Coinmarketcap , DeFi100 is a project to create a simulated value fund, that is, the value of D100 issued will depend on the total value of the decentralized financial market (DeFi). The team that developed this project took the name Wrapp3D, but all members hid their true identities. This project’s D100 coin has been released on the Binance Smart Chain network since February. After that, some users warned about the dangers of DeFi100. On Twitter, user Tom suggested that DeFi100 was originally intended to issue a token with a price-adjusted supply (rebase token). However, when this plan failed, they planned to switch to the liquidity pool model. “This whole project is a scam. Devsin manipulates and deceives investors,” user Tom asserts. The price of D100 coin has been decreasing steadily over the past week, and dropped sharply after the scam information. Screenshots. According to the account Mr. Whale on Twitter, who claims to be a crypto analyst, total scams from the DeFi100 project amounted to $32 million. “When the market is no longer going up, many projects will disappear. Don’t be surprised that many scam projects will be reported in the next few months. Never invest in projects that are too new, with development teams. anonymous development, created as a joke and has no real purpose”, account Mr. Whale warned. According to the CoinDesk , does not rule out the possibility that DeFi100’s website was hacked to post the aforementioned notice. By the morning of May 23, the notice on the DeFi100 website had been removed. The value of the D100 coin has fallen nearly three times in the past week, from $0.2 to $0.077. DeFi100’s Twitter account has had no new announcements since March. In the crypto world, a developer scam is also known as a “rug pull”. This is a fairly common form of fraud, especially with decentralized finance (DeFi) projects, when all transactions are conducted by code, not by an organization.

Before this fluctuation, many users wait for the price of VGA to decrease, to buy a graphics card to install in their computer at a cheaper price. However, this is unlikely to happen. “Even when the coin price has plummeted, people who install buffalo plows are still profitable for many reasons. VGA is still sold out in the market, so there is no reason to reduce the price too deeply,” Nguyen Bao, manager at a major computer store in Ho Chi Minh City shared with Zing . Coin price falls, “plowers” are still profitable “Plowing” coins is actually the process of using machines to perform calculations to validate transactions on the blockchain network. This concept holds true for Bitcoin, Ethereum, and coins that use Proof of Work (PoW) consensus. Currently, the “buffalo” installations with computer graphics cards mainly plow Ethereum. Although the price of Ethereum has plummeted, the market for buying and selling “buffaloes” is still very active. Photo: Chi Kien. When a transaction is validated and a block is completed, the fastest finisher will be rewarded with a pre-specified amount of cryptocurrency. From the performance of the computer and the difficulty of the network, the plow system owner can estimate how many coins he will collect per day. Since the number of people participating in Ethereum mining fluctuates constantly, the difficulty of mining also changes. If mining during a period of low prices, but many people quit mining, the difficulty decreases, the “farmers” plow coins still earn more Ethereum per day. As a result, they are still profitable. “Participants in plowing coins are only interested in profit. Although the price has decreased, but every day they dig more, they are still profitable. Therefore, looking at the price of Ethereum falling and saying that VGA is going to be cheap is not baseless,” said Mr. Bao. Compared to the beginning of January, the price of Ethereum has increased by about 3 times. As a result, market participants “plowing” the coin were profitable. When using applications on the Ethereum blockchain, users pay a small fee called a gas fee. This fee is also charged in Ethereum. In addition to the reward for completing a block, the farmer who plows the coin is also entitled to a portion of the gas fee. According to Etherscan, the price of gas has increased over the past few days due to many participants trading on the Ethereum network. Screenshots. During the volatility of the market, the number of investors pouring money into trading also increased. According to statistics from Etherscan, gas fees increased sharply on May 19, which is also the day the entire cryptocurrency market plummeted. In other words, once participating in the mining network, mining rig owners have many opportunities to earn money. The profit from the rig is not entirely dependent on the price of the cryptocurrency. Don’t wait for VGA prices to drop in the near future VGA price in the market still depends on supply – demand factors. The demand of miners has increased sharply, while ordinary users still need to buy cards to play games and work, making the balance of “demand” always heavy. Meanwhile, the source with VGA is not guaranteed. The global chip crisis lasted for the past year, making it difficult for manufacturers to ensure output. Domestic distributors, even if they wanted to, could not import large quantities. “Every month we can only import a few hundred VGAs. This quantity is much lower compared to other components. It is very difficult to meet the needs of dealers,” said The Vuong, a product manager at a distributor based in Hanoi. Many “buffalo plow” owners have broken even, so there is no need to sell off the rig when the price drops. They profit from the reduced difficulty, even willing to shut down if necessary to wait for the price to rise. Photo: King Kai. According to information from some dealers, the price of VGA in Vietnam market is still cheaper than surrounding countries such as Thailand and China. Therefore, the amount of VGA imported has been less and sometimes has to be shared with other markets. On groups that share the experience of installing buffalo plowing machines, the market for mining rigs is still very active, the number of daily new buy and sell posts is still very much. Occasionally there are questions and answers about the situation when the price of Ethereum goes down, but many rig owners are still very optimistic. “Actually, many people buy the system and then give it to someone else to manage, and collect money every month. It’s very easy to do. Those who joined early have now broken even, just less profit. Those who have participated for a long time understand the market too well, they can’t easily sell their ‘fishing rods’,” said Mr. Bao. In June, a number of component manufacturers will launch a VGA line with poorer performance of “ploughing coins”, called lite hash rate. Due to inefficiency when plowing coins, this VGA line may be less attractive to plowmen and suitable for gamers. However, not excluding the possibility of price fluctuations, Ethereum’s difficulty makes mining rig owners also “empty” low performance when needed.

Photo: Forbes In the past, Elon Musk has repeatedly compared bitcoin and fiat money. He also often shares about cryptocurrencies that make the value of coins like bitcoin or dogecoin fluctuate greatly. Photo: INC In February, the value of bitcoin skyrocketed after Tesla revealed it had bought $1.5 billion worth of the coin. Besides, the electric car company also confirmed that it will soon accept bitcoin as a means of payment when buying a car. Photo: Forbes Even so, the bitcoin price plummeted after the billionaire announced in May that Tesla would not accept bitcoin for car purchases due to environmental concerns. Earlier this month, he also called dogecoin “a rush” while appearing on “Saturday Night Live.” The price of the coin bearing this dog symbol then also plummeted. Photo: CBN However, a few days ago, Elon Musk made the market “crazy” when he emphasized that he had never and will not sell dogecoin.

Hermès Birkin handbags range from $8,500 to $2 million. Unlike traditional bags, the Baby Birkin does not exist in real life and is not manufactured by Hermès. Inside the bag contains a 40-week-old fetus, which is clearly seen from the outside due to the transparent bag. The Hermès bag is sold on the NFT for $23,500. Photo: InputMag. Buyers of Baby Birkin will immediately receive a 3D video of the bag with a resolution of 2,000 x 2,000 pixels, with a proof of ownership token. When admiring the bag, the fetus inside will move and “grow” up to 40 weeks old, to music inspired by space. According to the InputMag , which is also the next difference of Baby Birkin compared to the usual Hermès Birkin bags. Instead of having to go to the store to order and wait for months or years to receive, Baby Birkin buyers will own the product as soon as the auction ends. According to the Basic.Space , the owner of an NFT handbag with the account name Aki Hayashi. There were a total of 32 bids, of which Hayashi made 4 bids and won with the final figure of $23,500. The designers claim this bag is valuable because it is rarer than any other handbag on the market. NFT is a concept that has been in the spotlight recently, when virtual items are traded at sky-high prices. One of them includes painting Everydays: The First 5,000 Days priced at $69.3 million, or Jack Dorsey’s first tweet is owned by a businessman for $2.9 million. Many fashion products such as watches and clothes have been “digitized” and sold on NFT floors, meeting the needs of users to own unique but bogus items. According to the NonFungible , NFT transaction value tripled in 2020, reaching $250 million. In 2021, the NFT fever still shows no signs of cooling down. Like new trends on the Internet, NFT creates mixed opinions about the real value, besides the possibility of just a speculative bubble. Things to know about NFT – the new fever of the world NFT stands for Non-Fungible Token. This is a cryptographic token on the blockchain that represents a single asset class.

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.

This coin is developed based on the Binance Smart Chain platform and is tradable similar to Bitcoin or Dogecoin. Currently, STOPELON is priced at about 0.0000537493 USD/VND. However, buying and selling this coin is quite complicated. The issuer only allows users to trade on the PancakeSwapv2 exchange. The symbol of the coin STOPELON. Photo: ManOfMany. Even so, the developers have some policies to make STOPELON attractive to investors such as 6% refund of transaction fees. The destruction rate of this coin is 40% of the total 1 trillion coins to fight inflation. STOPELON shows the anger of investors with billionaire Tesla when this coin once had a strong growth of more than 4,000% in just 1 day. In addition to STOPELON, the market also has available cryptocurrencies created to oppose Elon Musk such as FuckMusk, FElon… According to the InputMag , Elon Musk has made a lot of profit after the crypto craze. However, investors believe that the market volatility created by Musk will soon come to an end.

“BlockFi has always had provisions for loss in accordance with its accounting policy. This is part of the provision so it doesn’t have a big impact on the equity or operation of the platform,” Prince said that the mis-transfer problem has been fixed dress. BlockFi also developed additional measures to prevent a similar situation from happening in the future. A BlockFi user received 701 Bitcoins due to the crash. Screenshots. BlockFi’s Twitter page states that some participants in the promotion may “see incorrect bonuses in transaction history”. Those withdrawing to cold wallets were emailed by BlockFi asking to send their funds back. Share with CoinDesk , a BlockFi user said he withdrew a large amount of Bitcoin received from BlockFi to a cold wallet, claiming that this was a reward of a promotion. After realizing the problem amount, he requested to cancel the withdrawal. However, it is not clear why the Bitcoins are still withdrawn to cold wallets. The next day, this user received emails and calls from BlockFi, threatening to get legal intervention if the money was not returned. On the Internet, many BlockFi users have shared images of receiving large Bitcoins from “falling from the sky”. “I thought BlockFi was going to transfer 701 USD but mistaken it for 701 Bitcoin”, Twitter user Ric Burton share. Another said that he received 5 Bitcoins but was also asked to return it by BlockFi. “I got to be a millionaire in 3 hours”, account nebrijo comment, with a picture of an account balance of more than $1.5 million before transferring the mistakenly sent Bitcoin to BlockFi. According to the Bloomberg , BlockFi is a platform that provides lending and trading services for cryptocurrencies. Despite having just experienced a sharp price crash, the world’s most valuable cryptocurrency is trading at around $40,000, as of May 21. BlockFi’s large Bitcoin transfer by mistake is reminiscent of last year’s incident, when Citibank mistakenly transferred $900 million to several creditors of cosmetics firm Revlon, instead of just paying $8 million in interest. Expensive price for Bitcoin mining Since the advent of cryptocurrencies, the amount of electricity required for mining has increased significantly. This leads experts to believe that cryptocurrency mining is not environmentally friendly.

The US has opened an investigation into this cyber attack. 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. President Joe Biden was briefed on the incident. The White House said Washington will work to help the Colonial Pipeline resume the interrupted fuel supply. This is considered the largest cyber attack on the US energy system Colonial Pipeline is providing nearly half of the fuel for the US east coast. This is considered one of the largest ransomware attacks ever recorded against US energy infrastructure. The shutdown of the largest fuel pipeline network in the United States will cause the price of this item and related products to spike. Colonial Pipeline transports 2.5 million barrels of gasoline and other fuels per day through 8,850 kilometers of pipeline connecting Gulf Coast refineries to the eastern and southern United States. The company also supplies fuel to several major US airports, including Hartsfield Jackson Airport in Atlanta, which has the world’s largest passenger traffic.

The price of Dogecoin plummeted right after the show featuring Elon Musk started. Photo: Coindesk. However, when Musk didn’t show up, the price of Dogecoin plummeted. According to the data of Coinmarketcap , from nearly 0.7 USD, Dogecoin dropped to more than 0.5 USD after more than 30 minutes of the program. The market capitalization of this coin dropped from $90 billion to just $68 billion after 1 hour, more than $150 million of leveraged investors was blown away. As expected by many, Elon Musk mentioned Dogecoin in the middle of the show. “Recently, the prices of many cryptocurrencies have increased, such as Bitcoin, Ethereum, and especially Dogecoin,” replied Elon Musk when asked “what is cryptocurrency”. Elon Musk’s mention of Dogecoin only made the coin rise slightly from the bottom. By 12 o’clock, the price of Dogecoin was still at $ 0.55, a sharp decrease compared to before Saturday Night Live aired. “People seem to be starting to realize that you shouldn’t invest based on a guest on a comedy show mentioning that asset,” said Wall Street Journal financial writer Paul Vigna. Elon Musk appeared on Saturday Night Live, mentioning Dogecoin. Earlier, the news that Elon Musk led Saturday Night Live caused the price of Dogecoin to increase sharply. According to the data of Coinmarketcap , the value of each Dogecoin has increased from $0.34 on May 1 to $0.69 as of the morning of May 8. Many fans of Musk and Dogecoin even plan to invite friends over to watch and celebrate if the coin’s price skyrockets. On the morning of May 8, Elon Musk posted on his personal Twitter a picture of him and two other guests of Saturday Night Live. Musk also inserted a picture of the dog Shibu, the symbol of Dogecoin, into the frame. Soon after, the Dogecoin price increased rapidly and reached an all-time high of $0.72 before cooling off.

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.

The attack was one of the most disruptive digital ransom schemes reported, prompting US lawmakers to call for increased protection of America’s critical energy infrastructure from hackers. Commerce Secretary Gina Raimondo said pipeline repairs were a priority for the Biden administration and Washington was working to avoid more severe fuel supply disruptions by helping Colonial restart the road network. The tube is more than 5,500 miles (8,850 km) long. “Right now it’s an all-in-one effort,” Raimondo said on CBS’s “Face the Nation.” “We are working closely with company, state and local officials to ensure they return to normal operations as quickly as possible and without disruption to supplies,” Colonial said. The pipeline network was attacked – Photo: Reuters Their main fuel lines are still offline, but some of the smaller routes between the terminals and delivery points are now up and running. Neither Raimondo nor the company has given an estimate of a full reboot date. U.S. gasoline futures rose more than 3% to $2,217 a gallon, the highest since May 2018 as trading opened for the week and market participants reacted to pipeline closures. Colonial ships about 2.5 million barrels per day of gasoline and other fuels from refineries on the Gulf Coast to consumers. Its extensive pipeline network serves major US airports including Atlanta’s Hartsfield Jackson Airport, the world’s busiest airport by passenger traffic. A spokeswoman for Charlotte Douglas International Airport said the airport had supplies on hand and was “monitoring the situation closely”. Retail fuel experts including the American Automobile Association say outages lasting several days could have a significant impact on fuel supplies in the region, particularly in the southeastern US. Colonial Pipeline’s fuel tanks – Photo: Reuters While the US government investigation is in its early stages, a former official and three industry sources said the suspected hackers were a professional cybercrime group called DarkSide. DarkSide is one of many gangs that often use malware to extort victims. These groups gain access to private networks, encrypt files with software, and often steal data. They ask for money to decrypt the files and ask for more money to not publish the stolen content. During the Colonial attack, the hackers stole more than 100 gigabytes of data.

DOGE-1 will send a 40 kg Geometric Energy Corporation satellite to the Moon. This satellite will collect information about the planet Earth. Representatives of the two companies have not announced the contract value paid in Dogecoin. The DOGE-1 program will send a satellite to the Moon on a Falcon 9 rocket. Fees are paid in Dogecoin. Photo: SpaceX. SpaceX vice president Tom Ochinero said the DOGE-1 program “will demonstrate the application of extraterrestrial cryptocurrencies and lay the groundwork for transplanetary commerce.” Earlier, Elon Musk said that SpaceX will “actually put a Dogecoin on the Moon”. However, he made his statement on April 1, so no one is sure if he was joking or telling the truth. SpaceX is not the first company run by Elon Musk to accept cryptocurrency payments. In February, Tesla announced it was buying $1.5 billion in Bitcoin and accepting payments for cars in the currency. The move caused Bitcoin price to surge. In the crypto world, the term “to the moon” is often used to refer to a coin’s value skyrocketing. According to Coinmarketcap, on the morning of May 10 (Vietnam time) Dogecoin is priced at about 0.55 USD, with a market capitalization of 72 billion USD, ranking 4th after Bitcoin, Ethereum and Binance coin. Before that, Dogecoin had 2 strong volatile weekends. On May 8, the news that Elon Musk hosted Saturday Night Live caused the price of Dogecoin to increase sharply. According to Coinmarketcap data, the value of each Dogecoin coin has increased from $0.34 on May 1 to $0.69 as of the morning of May 8. Many fans of Musk and Dogecoin even plan to invite friends over to watch and celebrate if the coin’s price skyrockets. On the morning of May 8, Elon Musk posted on his personal Twitter a picture of him and two other guests of Saturday Night Live. Musk also inserted a picture of the dog Shiba, the symbol of Dogecoin, into the frame. Soon after, the Dogecoin price increased rapidly and reached an all-time high of $0.72 before cooling off. The price of Dogecoin dropped dramatically on the morning of May 9, before Elon Musk hosted Saturday Night Live. Photo: Coindesk. However, before the time of Elon Musk’s broadcast, the price of Dogecoin dropped dramatically. According to the data of Coinmarketcap , from nearly 0.7 USD, Dogecoin dropped to more than 0.5 USD after more than 30 minutes of the program. The market capitalization of this coin dropped from $90 billion to just $68 billion after 1 hour, more than $150 million of leveraged investors was blown away. As expected by many, Elon Musk mentioned Dogecoin in the middle of the show. “Recently, the prices of many cryptocurrencies have increased, such as Bitcoin, Ethereum, and especially Dogecoin,” replied Elon Musk when asked “what is cryptocurrency”.

Colonial Pipeline had to shut down the entire network after a cyber attack. Photo: wsj.com The administration of President Joe Biden said it was making every effort to restore the company’s operations and avoid disruption to supply. Experts say gas prices will not be affected if the company resumes normal operations in the next few days. However, this cyberattack, rated as the worst ever for the US infrastructure system, should be a warning bell for other companies about the risk they will become the next target of similar attacks. According to Colonial Pipeline, the company’s pipeline carries gasoline and other fuels from Texas to the Northeast, providing nearly 45 percent of the fuel for the East Coast of the United States. Although Colonial Pipeline has not revealed who is responsible for the cyber attack, an unnamed person on the team investigating the incident confirmed that the culprit was a hacker group nicknamed Darkside. This group has been spreading ransomware since August 2020 and is classified as one of the most attackable groups. Over the past 3 years, Darkside has become more and more professional and has caused Western countries tens of billions of dollars in losses. Ransomware attacks are malicious code designed to lock down computer systems using encrypted data and demand a ransom to restore access. US Commerce Secretary Gina Raimondo on May 9 warned US businesses to be wary of ransomware attacks. The female minister affirmed that she would work closely with the Department of Homeland Security to handle the issue, considering this a top priority of the government. Reuters news agency, citing a notice from the White House, said the administration was working to help Colonial Pipeline company resume operations to avoid supply disruptions. According to sources, before activating ransomware, hackers often steal data, which is used to blackmail businesses or distort the truth. Sometimes stolen data is more valuable to hackers than the benefit they get by disrupting business operations. Security experts say the attack is a warning to operators and managers of essential infrastructure in the US such as electricity, water, energy and transportation facilities that have long been built. do not update the method to ensure security against the risk of being attacked. Mr. David Kennedy, a senior security consultant and founder of the security consulting firm TrustedSec, admitted that ransomware attacks have spiraled out of control in the US and are currently under development. is one of the greatest threats facing the United States. However, most American companies lack the ability to prepare for such threats.

According to the Vice , DarkSide’s message does not directly refer to the Colonial Pipeline attack, but is titled “Regarding the Latest News”. The group said its actions were unrelated to politics. The cyber attack on May 7 caused the Colonial Pipeline’s fuel pipeline system to stop working. Photo: Bloomberg. “We are a non-political group, not involved in geopolitics. Don’t tie us to a government or look for other motives… Our aim is to make money, not to cause problems for society,” a DarkSide representative wrote on a website belonging to the dark web. According to the Washington Post , some US officials believe that DarkSide is the hacker group behind the Colonial Pipeline attack. Also in the new statement, DarkSide said it will change the way it works and selects targets. “From today, we will examine and analyze each company that partners want to encrypt to avoid social consequences,” the group wrote. On May 7, Colonial Pipeline announced that it had to disconnect some systems after discovering it was “a victim of a cyber attack”. According to the Business Insider , this move caused more than 8,046 km of fuel pipes and some computer systems of Colonial Pipeline to stop working. In an updated statement on May 8, the company representative confirmed that the software used for the attack was in the form of ransomware, which encrypts files in the system and requires victims to pay if they want to get it. again. The company hired a cybersecurity firm to investigate the severity of the attack. The DarkSide hacker group spoke out after the alleged implementation of a cyber attack against the Colonial Pipeline. Photo: Motherboard. According to information on its website, Colonial Pipeline transports about 45% of all fuel consumed on the East Coast of the United States. On May 9, the company said that while the main pipelines are still closed, some smaller pipelines have been reactivated. In response to the incident, the US Department of Transportation has declared a state of emergency in 17 states and Washington to lift restrictions on carriers and drivers assisting in fuel shortages. The declaration of emergency will be in effect until the end of the state of affairs, or until 23:59 on June 8 (local time). After the Colonial Pipeline incident, gasoline prices in the US increased more than 3% to $2,217 per gallon – the highest price since May 2018. Experts warn that the price of gas raw materials may increase further if Colonial Pipeline does not reopen the pipeline in the next few days. How did the FBI hack the suspect’s iPhone? Cellebrite has invented a phone-cracking technology that makes it easier for the FBI to investigate.

Colonial Pipeline’s Dorsey hub in Maryland, USA. Photo: Reuters The difficulty in fuel supply has raised concerns that gasoline prices at pumping stations will escalate during the peak summer travel season. Colonial Pipeline said the company is trying to resume operations this weekend after its fuel pipeline system was paralyzed since May 7 after being hit by a cyber attack. The shutdown of the Colonial Pipeline’s fuel pipeline system shut down nearly half of the US East Coast’s fuel supply. The US Energy Administration on May 10 called for mandatory cybersecurity standards for fuel pipeline operators and operators. “Incentivizing the voluntary application of standards to pipelines is inadequate,” said US Federal Energy Regulatory Commission Chairman Richard Glick. The US Federal Bureau of Investigation (FBI) has accused a cybercriminal group called “DarkSide” of causing a ransomware attack on Colonial Pipeline. Reuters news agency quoted cybersecurity experts as saying that DarkSide is based in Russia or Eastern Europe, so the gang usually avoids targeting computers that use the languages ​​of the former Soviet republics. However, US President Joe Biden on May 10 expressed he did not believe that the Russian government was behind the cyber attack on the Colonial Pipeline. “So far there is no evidence based on our intelligence that Russia is involved,” Biden said. A statement titled DarkSide group on May 10 stated: “Our goal is to make money and not create problems for society.” Ransomware attack is a type of malware designed to disable computers by encrypting data and blackmailing victims if they want to regain system access. It is not clear what price the hackers offered for Colonial Pipeline, and the company has not commented on the matter. Fuel demand in the southeastern United States has increased sharply in recent days as consumers fear fuel shortages. The Southeastern region of the United States has long depended mainly on the supply of fuel flowing through the Colonial Pipeline’s pipeline system. The average national gasoline price rose 6 cents to $2.96 a gallon last week, the highest since May 2018 and close to a peak set in 2014, the American Automobile Association said. also warned of speculation about fuel hoarding as the supply continued to decrease. Katina Willey, a resident of Florida on May 10, said she had to go to 5 gas stations to buy gas. “Consumers have to wait in long lines at three of the five gas stations I go to,” added Katina Willey. Many other car owners said they were also looking to refill their gas tanks out of fear that the fuel situation could worsen. If the Colonial Pipeline’s pipeline disruptions continue, fuel suppliers may be able to force fuel transportation by trucks and trains to partially ease the fuel shortage. The US Department of Transportation on May 9 lifted travel restrictions for fuel truck drivers in 17 states affected by supply disruptions.

The new digital currency is called Internet Computer. Currently, this coin has entered the top one of the largest cryptocurrencies in the world at number 8, according to CoinMarketCap rankings. The introduction of Internet Computer and its ledger will help users create whatever they want on the Internet without going through digital giants like Amazon or Facebook. Users can also use commercial cloud services. According to Mr. Dominic Williams – the project’s founder – Internet Computer was founded with the idea of ​​avoiding the barriers of companies and helping to reduce costs. Users can build social media and other services to compete with the internet giants of the world. Internet Computer raises $45 billion in one day amid crypto craze. Photo: Bloomberg. The network that powers the cryptocurrency uses smart contracts and task execution software, helping it compete with larger players like Ethereum. Internet Computer is also involved in many other coins and related networks such as Polkadot and Binance Coin. The launch of the Internet Computer is taking place in the context of the cryptocurrency revolution that is exploding around the world. Prices for many cryptocurrencies, from Bitcoin to Dogecoin, are up sharply from a year earlier. According to the Bloomberg , the total market value of cryptocurrencies currently stands at $2,480 billion, up sharply from less than $1 trillion at the start of the year. Bitcoin is still the most valuable cryptocurrency in the world. According to the Coindesk , one Bitcoin is currently priced at $57,214, up 4.67% from yesterday. Other coins also had positive momentum, in which Ether rose 11.89% compared to yesterday, surpassing $4,269 per coin. Dogecoin also increased to 0.49 USD/coin.

Besides Dogecoin, the posts also list a variety of cryptocurrencies with animal names, inspired by dog ​​breeds such as Akita, Shiba, Poodle… On many cryptocurrency discussion groups, administrators have voiced doubts about these articles, and commented that it is lame to rank FXT Token on a par with Dogecoin or Shiba. Posts promoting cryptocurrencies by many famous people in Vietnam. Posting about cryptocurrencies but don’t understand what “moon” is The fact that a series of artists have posted articles promoting the purchase of cryptocurrencies has many unusual signs. First, all articles have the same content, no difference in punctuation. They all only last a few hours before being deleted. In the comments section, many artists seem to lack the basics of cryptography. Actor Kieu Minh Tuan does not know the term “moon”, which is often used to refer to a sharp increase in money. Previously, singer Cao Thai Son was the first artist to publicly enter the cryptocurrency market with a portfolio that included Dogecoin. He often shares about his activities on his personal page. Post by Kieu Minh Tuan on personal Facebook. “Should you buy crypto right now? Advice: Buy as an asset with idle money, no leverage or interest,” the male singer wrote in a May 11 post. In the last week, when Dogecoin rose sharply, Cao Thai Son once posted to cheer for this coin, calling for everyone to invest. However, right after Dogecoin fell deeply, this singer posted a photo with the words “back to being a singer, no more analyzing stocks, crypto”. After Cao Thai Son, Ngoc Trinh also attracted attention when she published a post criticizing a cryptocurrency exchange that did not authenticate users (KYC) and claimed that she had been scammed by the exchange. While, delay in KYC is normal in exchanges. After that, she continued to post showing off her wallet on the exchange owning many millions of dollars worth of cryptocurrency. However, Ngoc Trinh deleted these posts, posted the article “duplicating the original” of other KOLs and then deleted it again. “Not only Huobi, many exchanges allow withdrawal of small amounts without KYC. Only when a large amount of money needs to be withdrawn does the user have to do KYC. It is incorrect to deposit such a large amount of money into the exchange without first finding out, and posting a post saying that the exchange is a scam,” commented Nguyen Vinh, co-founder of a large cryptocurrency investment company in Vietnam. Artists install advertising messages for multi-level? In the list of cryptocurrencies posted by the artists, in addition to the animal coins, there is a different coin, placed in the middle of the list is FXT. Previously, FXT was used as a fiat currency used for Lio****’s project. This project acts as a forex trading platform combined with binary options. This form of binary trading has long been warned as multi-level gambling. Instead of having to play on their own, investors in Lio**** are guaranteed to pay interest daily. The total profit for the whole year of this project is up to 2.3 times the original capital. The project has been warned by many domestic experts as a scam. In early 2021, many people lost money when Lio**** stopped working, not allowing money to be withdrawn from the account. The FXT coin is said to be directly related to the Lio**** multi-level project. Photo: VTV. Reply anonymously to Zing , a technology expert, and an administrator of the largest group of digital currencies in Vietnam, thinks that putting FXT in the middle of the list in the article is how artists advertise the product. by Lio****. “I think that a celebrity like Ngoc Trinh showing off a million-dollar e-wallet may be an implicit advertising act for FXT, not Dogecoin or Shiba. Because the time shown in the photo is quite different from when it was posted. Not to mention, the fact that many Vietnamese artists and celebrities share the same post content is very suspicious, “said this expert. On the same day, May 11, many screenshots of posts by Vietnamese artists were widely shared by the FXT Token community. “To Ngoc Trinh, Kieu Minh Tuan, Kha Nhu… still participating, what are you waiting for?”, the content of the status line reposted the screenshot of the person claiming to be the leader Lio****. In this article, the artist group also put the hashtag #trust. Trust English means “trust”, but can also refer to Trust Wallet, a software wallet technology that stores cryptocurrency. Previously, in the group of users who were deceived by Lio****, there were many warnings not to send money to Trust wallet to avoid losing evidence. On cryptocurrency discussion groups, members also pointed out that FXT is a suspicious name, because this coin has been launched since the end of 2020, and the call for investment has many signs of multi-level resemblance. . “These artists may be creating the image of a new multi-level project, aiming to attract a lot of small investors to clean up a big catch,” said LN, which runs a group on crypto. Many risks when investing in “junk coin” In the world of cryptocurrencies, in addition to large-cap coins with a good technology platform behind them, there are many so-called “junk coins” (very low value, arbitrarily created coins, copy the source code of reputable systems and some are served to scam groups). They are built on the available blockchain technology, often have no applications or come up with very simple applications, very low value but very high supply. Many experts warn that low-value, animal-based cryptocurrencies that have grown several times in the past few days are also very risky investments. These coins have a common model of using a cute image of an animal, a very small price, buying and selling many times to grow quickly. “These currencies all start at very cheap prices, at a fraction of a few tens of millions of dollars. They are created, then sent 50% to a certain celebrity for image, and then sold on exchanges. They use money to buy and sell themselves on these exchanges to increase the price thousands of times, creating momentum to put on the big floor. Because the number is so small, when the coin increases to a certain level, it has grown thousands of times, creating trust for ignorant people. When it comes time to be dumped, only those people will suffer,” said Vuong Le Vinh Nhan, founder of the VNDC trading platform. The Dogecoin price rose rapidly and reached an all-time high of $0.72 before cooling off. Photo: Coinmarketcap. Before that, the most successful animal crypto story was Dogecoin. Created as a joke, Dogecoin has been growing strongly for nearly a year as Tesla CEO Elon Musk repeatedly mentioned the coin. Over the past week, the price of Dogecoin has also fluctuated by tens of percent every day. Mike Novogratz, founder and CEO of Galaxy Digital, believes that two sharks own 30% of all Dogecoin today. In addition, Dogecoin also does not have a supply limit like Bitcoin. “The rise of Dogecoin is a prime example of the theory that fools more at play,” said David Kimberley, analyst at investment app Freetrade.

However, in the comments section, the artists showed a lack of basic knowledge about cryptocurrencies. After receiving many reactions, on the morning of May 12, the posts on the website simultaneously “evaporated”. “This is an advertising campaign” Duong Nguyen Huy, owner of a cryptocurrency trading community in Vietnam, said that the series of artists posting about cryptocurrencies is an advertising campaign, because the shared content is the same. both the image and the spelling, no different from a semicolon. “Artist’s posts have started to have an impact. From official accounts (with green ticks), information is widely spread on the Internet, becoming a topic of discussion at offices and cafes. coffee after only a few hours”, Mr. Huy said that this campaign has attracted the attention of many people. Posts promoting cryptocurrencies by many famous people in Vietnam. Photo: Huynh Loc. Not only Dogecoin, Shiba Inu also increased in price thanks to Tesla CEO. On May 7, responding to a Twitter user’s comment, Musk said “looking for a Shiba dog”. Immediately after this statement, the Shiba Inu (SHIB) coin rose sharply. After just a few days, the price of Shiba Inu has increased by almost 40 times. With nearly 400,000 billion SHIB coins in circulation, the market capitalization at one point surpassed the 20 billion USD mark. Besides, according to Mr. Huy, the cryptocurrency market has many potential risks. For example, the cryptocurrency market has experienced a sharp decline in the period from 2018 to early 2020 regardless of whether it is Bitcoin or Ethereum. However, the artist’s posts on the evening of May 11 did not have any risk warnings. Because of the ambiguity, need the prestige of the celebrity In the list of cryptocurrencies posted by the artists, in addition to the animal names, there is a different coin, placed in the middle of the list is FXT Token. Unlike the other cryptocurrencies on the list advertised by the artists, FXT Token is an anonymous coin. “Anonymous is because it is not listed by big and reputable exchanges, but can only be purchased through small exchanges. The total transaction volume of this coin is only about 500,000 USD/day. That means anyone with about 200,000 USD will also can manipulate its price,” analyzed Dinh Tran, co-founder of a blockchain investment fund in Ho Chi Minh City. Meanwhile, other coins on the list of artists listed have daily transactions from a few hundred million to several billion dollars a day. “Putting FXT Token into the list of worth investing in is very ignorant. It is this ambiguity that makes FXT Token need to rely on celebrity advertising,” said Mr. Dinh. The artist’s post is then captured, shared immediately in multi-level groups, calling for investment. Talk to Zing , the founder of the largest Crypto information platform in Vietnam, said that FXT Token is trying to borrow the influence of celebrities to reassure investors and create fear of missing out (FOMO) to blow. price of this currency. As a result, screenshots of posts by Vietnamese artists were widely shared by the FXT Token community in hundreds of online earning groups. “To Ngoc Trinh, Kieu Minh Tuan, Kha Nhu… still participating, what are you waiting for?”, the content of the status line reposted the screenshot of the person claiming to be the leader Lio****. This shows the significant influence of using artist reputation to promote “junk” cryptocurrency. The predecessor of FXT Token is a binary exchange, similar to the gambling model. Screenshots. The fact that artists have no knowledge, but still promote Dogecoin, Shiba Inu or FXT Token can be misleading, even causing many people to participate in scam projects. The above articles can also have a negative impact on the capital investment sector, which has many things that are not properly understood. “Celebrities have no expertise, knowledge and experience in the field of cryptocurrencies… This sector is easily fooled by bad projects, created just to make money, selling ‘junk’ to homes. investment,” said Mr. Huy. Before the invitation to invest in cryptocurrencies, Mr. Huy advised participants to carefully research information on official sources, absolutely do not invest if invited by friends, or join invitation groups. rich prospect when “playing” coin. Do apps that promise big profits help you get rich? Thanks to the development of technology, new type of multi-level fraud models easily raise capital and disappear faster, leaving no trace.

“The desire to get rich quick makes new investors vulnerable to scammers. Authorities may not have the resources to deal with all cases.” Investors’ Chronicle comment. Action Fraud data shows that in 2020, crypto-related scams in the UK increased by 57% year-on-year to 5,581. Not to mention the scams that have not yet been reported. In January 2021, the number of fraud cases doubled from the same period in 2020 to 720 cases, or 23 cases per day. Scammers have more and more sophisticated tricks to scam cryptocurrencies. Photo: Reuters. Losing hundreds of millions of dollars According to sources of Investors’ Chronicle , victims in the UK lost 113 million GBP ($159.62 million) last year. A common tactic used by scammers is soliciting calls and other forms. In January 2021 alone, victims lost about 14.3 million GBP ($20.2 million), which means that each scam stole about 20,000 GBP (28,251 USD). Bitcoin price skyrocketed, many investors began to accept Bitcoin as a safe investment. That pushes crypto investment companies to come up with a bunch of new tricks to entice customers. Many scammers are also quick to seize the opportunity. They use online platforms and advertisements that can bypass the regulator. Back in 2018, Facebook and Google banned all Bitcoin advertising on their platforms. The reason is that many advertisements are used to mislead investors. However, since then, both companies have been repeatedly implicated in accusations of deceptive advertisements on their websites. In January 2021, the number of crypto-related scams doubled from the same period in 2020 to 720 cases, or 23 cases per day. In July 2020, scammers raised $100,000 after hacking several popular Twitter accounts and posting notices that they would pay double if followers sent Bitcoins to an anonymous Bitcoin address. According to reports, some calls even asked elderly people to invest in fake cryptocurrency schemes. Not only attracting young investors, Bitcoin is becoming more and more widely recognized. Research by the UK Financial Conduct Authority (FCA) indicates 22% of crypto investors are over the age of 55 in 2020, compared to just 7% in 2019. “There are a lot of opportunities for crypto scams. Some people have made a fortune in crypto and that attracts vulnerable investors,” said Sam Tate at law firm RPC. Desire to get rich The prices of Bitcoin and Ether – the world’s two most popular cryptocurrencies – have surged in recent months. Bitcoin is up 95% year-to-date, while Ether is up 480%. Even Dogecoin – the cryptocurrency that started as a joke – has increased in price by more than 10,000% since January 1, 2021. The skyrocketing price momentum caused investors to flock to cryptocurrencies even without really understanding them. According to a recent survey by Harris Pol, most Americans who have heard of cryptocurrencies do not fully understand them. About 61% of people admit they don’t understand, or understand very little about how they work. On March 30, an investor named Phillipe Christodoulou reported that he had lost 17.1 Bitcoins (equivalent to $600,000 at the time) in his digital wallet. Specifically, after downloading an app rated nearly 5 stars on the App Store, Mr. Christodoulou lost all of his Bitcoins in less than a second. The app pretends to be the manufacturer of crypto storage devices Treznor, although in fact has no affiliation with this company. UK-based Coinfirm, a company that specializes in investigating cryptocurrency scams, revealed that it has received more than 7,000 requests from people who have had their crypto stolen since October 2019. Ether and Bitcoin prices skyrocket in 2021. The fake apps are mainly in the Google Play Store for Android and Apple’s App Store, according to Pawel Aleksander, Coinfirm’s chief information officer. Coinfirm said five people reported having their crypto stolen by the fake Trezor iOS app, with a total loss of $1.6 million. US Treasury Secretary Janet Yellen also warned that cryptocurrencies are a “particular concern” and are often used for illicit financial activities such as money laundering. The Securities and Exchange Commission of Thailand recently proposed a new rule that could force individual investors to have certain knowledge about cryptocurrencies before being allowed to open a trading account. According to Andrew Bailey, Governor of the Bank of England (BoE), cryptocurrencies “have no intrinsic value” and investors should prepare for a loss mentality. “Cryptocurrencies may have external value but no intrinsic value. Only invest in it when you are ready to lose all your money,” Bailey said at a press conference. Scammers try to convince their victims that they are knowledgeable and professional, which can yield great returns with little investment and effort. Sanjay Andersen However, according to Investors’ Chronicle , the authorities may not have the resources to deal with Bitcoin-related scams on social media. “The question is whether there are enough resources available for crypto criminals. Where does the additional funding to tackle crypto scams come from?” asked Mr. Tate at RPC. “UK regulators and partners like the Financial Conduct Authority understand that investment fraud has a serious impact on victims’ finances and confidence,” said Director of the Department of State Affairs Sanjay Andersen. British National Fraud newspaper confirmed. “We work closely together to stop the criminal activity, shut down the websites and bank accounts of the people behind the scams and bring them to the dock,” he stressed. “Scammers try to convince their victims that they are knowledgeable and professional, and can yield great returns with little investment and effort,” commented Mr Andersen. “But remember, if a deal seems too good to be true, it could be a scam,” he added.

Internet Computer cryptocurrency icon Historical market data shows that ICP coin with multicolored infinity symbol was pushed to the system at 6 pm on May 10. Up to now, the record price of this cryptocurrency reached 731 USD/ICP at about 11 pm on May 10, that is, after only about 5 hours on the cryptocurrency exchange. Internet Computer (ICP) currency ranks 8th in terms of market capitalization (Source: Coinmarketcap) Topping the ranking of cryptocurrencies up to now is still the “king of digital money” Bitcoin with a value at 14h on May 12 around 57,000 USD/Bitcoin, total market capitalization of Bitcoin. Bitcoin reached more than 1 trillion USD, accounting for more than 40% of the total market capitalization of the entire cryptocurrency market. Some coins ranked next after Bitcoin are Ethereum (ETH), Binance Coin (BNB), Dogecoin (DOGE)…

“FXT Token is a junk project” Launched at the end of 2020, FXT’s investment calling activity has many signs of multi-level resemblance. At its official website, FXT Token claims to be a “comprehensive financial solution that allows users to control their assets. A platform for providers and avails of financial services in cryptocurrency in when circumventing cross-border regulatory restrictions”. Post by Kieu Minh Tuan on personal Facebook. Do Phuong Quynh, a financial expert from Ant Group, Shanghai, China, said that FXT is “a junk project, the information in the White Paper is completely unhelpful. The individuals who run the project are not clear.” Quynh said. FXT is used as a fiat currency used for Lio****’s project. This project acts as a forex trading platform combined with binary options. This form of binary trading has long been warned as a type of multi-level combination gambling. Phuong Quynh assessed that FXT Token works in the same scenario as Wefinex’s WIN and Bitconnect’s BCC. “The project hits people’s ignorance and greed, by building a binary options platform, taking advantage of the reputation of the Forex trading market to trick investors into participating. Investors are promised. promise to pay interest every day, instead of planning to build a trading strategy like real traders,” added Quynh. Instead of having to play on their own, investors in Lio**** are guaranteed to pay interest daily. The total profit for the whole year of this project is up to 2.3 times the original capital. In early 2021, many people lost money when Lio**** stopped working, not allowing money to be withdrawn from the account. “FXT builds systems following the classic ponzi model to pay F1 and F2 players with the aim of enticing more people to join the system. Investors who do not have a background in finance often consider it This project is like a solution to help them earn money without labor”, Ms. Quynh warned. Sharing the same opinion, Mr. N. T, a representative of a blockchain incubator investment fund, said that FXT Token is associated with an unsustainable business model, mainly hitting greed. He said there are two types of people who will invest in FXT. “First, investors are ignorant of the mechanics and nature of the cryptocurrency market and forex investment. They are easily attracted by things that sound new, the stories are made up sounding. logic, terms that they are unlikely to understand, such as ‘technology 4.0’. This number may account for 80-90%,” said Mr. T. T. The second group of people listed by expert N. T are investors who understand the nature of these scam models, but think they can control the risks themselves. “They think they are quick, can invest early, withdraw early. But they themselves can’t control their greed later on. This number accounts for about 10-20%,” added Mr. T. The FXT coin is said to be directly related to the Lio**** multi-level project. Photo: VTV. FXT Token is only listed on small, less reputable exchanges like Bilaxy, FatBTC. In addition, the head office of the project is located in Vanuatu, the eastern island of Australia. The recommended company size is 51-200 employees. However, on Linkedin, there is only information of 4 profiles, including an individual who is Vietnamese. “To solve the biggest fear of investors is not being able to withdraw money, FXT has listed FXT Token on specialized exchanges or called ‘junk’ exchanges. In fact, these exchanges have no liquidity. , the value is manipulated, whether it can be sold or not is another story. Many investors are also deceived by the term ‘international exchange'”, said Mr. T. Sharing information about the listing standards of the world’s crypto exchanges today, Mr. T said that this standard is getting lower and lower, especially in less-known exchanges. “Currently, there are hundreds of exchanges. These exchanges want to ‘make a living’ also through coin listing. The less reputable the exchange, the lower the listing standard. They are willing to do everything for the money.” Mr T said. Expert N. T warns users if they lose money when trading on these exchanges, if they lose money, they are not protected by any party. ”A part of artists are aiding scams” Nearly a day after public opinion and crypto experts voiced the possibility of FXT Token’s fraud, Vietnamese artists who posted ads for this coin remained silent, with no statement to correct the incident. . “These days are crazy, people can teach each other things that are not their expertise. A part of the artist world is no longer aware of how dangerous their influence can be. to the people,” commented Mr. Phan Dung Khanh. Posts promoting cryptocurrencies by many famous people in Vietnam. Vietnamese artists should only do things related to entertainment, stay away from industries that are not well understood. “The fact that the official press channels warn of the possibility of fraud of dirty financial projects shows an attempt to clean up the national financial system. However, the artists defiantly ignored the scene. This is also an act of abetting fraud, disregarding the people and the law,” Quynh said.

The announcement of the Tesla boss immediately pulled the price of Bitcoin down to $ 46,000 / dong. Minutes later, billionaire investor Mark Cuban – owner of the NBA’s Dallas Mavericks – tweeted: “We know that it helps the environment (Bitcoin) replace gold as a store of value. school”. According to the data of Coin Desk , as of May 14 (Vietnam time), Bitcoin has not been able to regain the $50,000 mark per dong. However, the Winklevoss twin billionaire brothers remain optimistic. Mr. Cameron Winklevoss said Musk will return to Bitcoin after realizing that cryptocurrency mining is “really driving the renewable energy industry.” His brother Tyler also encouraged investors to buy the bottom. On May 12, Elon Musk announced that electric car company Tesla will stop accepting payments in Bitcoin. “Selfish and Cruel” “It’s true that Bitcoin has an impact on the environment and that’s one of the controversial things. For environmentalists and scientists, there’s no doubt that Bitcoin uses a lot of energy,” the teacher said. Professor Layne Hartsell at the Asia Institute commented in an interview with Zing . “However, mining for Bitcoin – the asset considered ‘digital gold’ – is actually less impactful than mining for gold, one of the worst environmental disasters,” he added. In fact, just last month, Musk voiced his support for an article called “The Bitcoin Clean Energy Initiative” by Square Crypto. The article refutes the argument that the Bitcoin network causes serious environmental damage and destroys the planet. According to the article, Bitcoin mining will encourage increased use of renewable energy, replacing carbon-emitting fossil energy. Musk quickly shared the post on Twitter and commented: “Yes.” If Bitcoin is bad for the environment, we should ask Musk about the carbon emissions of SpaceX rockets – Oluwafisayo Williams According to the Bloomberg , Musk’s turn shocked many crypto fans. Nic Carter, an expert at Castle Investment Management, described his move as “very strange and confusing”. Mr. Oluwafisayo Williams, 32, a doctor in Sheffield (England), was even more harsh. Mr. Williams used the words “selfish and ruthless” to describe Musk’s heart. He started pouring money into cryptocurrencies at the beginning of the year. “If Bitcoin is bad for the environment, we should ask Musk about the carbon footprint of SpaceX rockets. I don’t think he has taken the time to research Bitcoin. Musk is using his power to gain control. market,” Mr. Williams criticized. On April 26, Tesla reported a record profit of $ 438 million in the first quarter. As usual, the profit was made by selling emissions limits. However, the company’s Bitcoin sale also contributed $101 million to the profit. According to the report, Tesla recorded $1.5 billion in “digital asset” purchases and $272 million in digital asset sales in the first quarter. The firm said Bitcoin sales contributed up to 101 million USD. As such, the company promptly sold some Bitcoin and made a profit of 101 million USD when the Bitcoin price skyrocketed. “Playing with investors’ pockets” Musk is not completely turning away from cryptocurrencies. In his announcement to stop accepting Bitcoin payments, he admitted that cryptocurrency is still a good idea. Musk is also looking at other coins that use less energy. Dr. Williams in the UK does not care about Musk’s views and insists he is still optimistic. Some people working in the crypto space also think the issue is overblown. According to them, the drop is the right time to buy. “The sell-off could help Bitcoin price reach new record highs,” said David Grider of Fundstrat Global Advisors LLC. Meanwhile, crypto billionaire Mike Novogratz still encourages investors to buy Bitcoin. He thinks Musk is just trying to use his influence to make cryptocurrency mining “greener”. Bitcoin price plummeted after the announcement of billionaire Elon Musk on May 12. Meanwhile, Mr. Dave Portnoy – founder of Brash Barstool Sports – is not satisfied with Musk’s move. According to Mr. Portnoy, when a billionaire changes his stance too quickly, he is playing with people’s futures and pockets. Aaron Smith, 29, a trader based in Essex (UK), has moved most of his portfolio to cryptocurrencies. He thinks that the Tesla boss needs to learn more about cryptocurrencies. Mr. Smith remains bullish on cryptocurrencies and considers Musk’s backing as shocking news. “Billionaires influence all markets, not just the crypto market,” he commented. “But people feel the influence in the crypto market more clearly because of the smaller cap,” he added.

Illustration. The hack brought down the pipeline, now in its sixth day, and led to panic buying and gas shortages in the Southeastern United States. Colonial said it began reopening its pipeline late Wednesday afternoon, a process that could take days, but declined to comment on the ransom issue. Colonial is working closely with law enforcement, the Department of Energy, and US cybersecurity company FireEye to minimize damage and restore operations. Colonial and government responses to the breach are being closely watched following one of the most direct hacking attacks on US critical infrastructure after years of warnings. Ransomware attacks have increased in number and ransom prices, with hackers encrypting data and seeking cryptocurrency payments to unlock. Investigators in the Colonial case say the malware was distributed by a gang known as DarkSide, which consisted of Russian-speaking people and evaded attack targets in the former Soviet Union. DarkSide previously said that it has no intention of meddling in geopolitics and will be more careful about its affiliates going forward. On Wednesday, the group said on its website that it was “dropping” data from three other victims, including a technology company in Chicago. Officials have so far found no significant connection to the Russian government, concluding instead that the pipeline company that supplies 45% of the US East Coast’s oil was crippled by the attack. ransomware. DarkSide allows “affiliates” to infiltrate targets in different places, then handle ransom negotiation and data release. Two people involved in the Colonial investigation said the man linked in this case was a Russian criminal with no special ties to the government.

Be wary when Vietnamese artists openly promote virtual currency The incident is said to have originated on May 11, when a series of worthless, anonymous coins were “inflated” thanks to a status line of US billionaire Mark Zuckerberg. Tech billionaire, the boss of Facebook posted a photo of two goats. It is worth noting that the caption about the goat name Max and Bitcoin has made the virtual currency investment community extremely excited. Cryptocurrency investors immediately thought that the Facebook boss was implicitly showing special interest in the current Bitcoin virtual currency. By the afternoon of the same day, the virtual currency fever began to spread rapidly in Vietnam when many Vietnamese artists posted identical statuses, alluding to this virtual currency fever.
A series of names such as Ngoc Trinh, Kieu Minh Tuan, Le Duong Bao Lam, Kha Nhu … were involved in posting an advertisement for virtual currency. In the top line, the idea is just to mention the potential of some virtual currencies (cryptocurrency, digital currency, aka coin) whose origin is related to Meme Doge (animated image of the image) a dog), in the middle is the FXT Token that makes the online community “wake up”. This virtual currency is said to be related to the Lion multi-level virtual currency project, which has signs of fraud. Investing in FXT Token is promised daily profit, which can be up to 2-3 times the capital, that’s why many people turn their eyes to this project. However, internationally, this virtual currency has been warned that it has a multi-level fraud factor, can only be listed on small exchanges, and is considered a “junk coin”.
The name FXT Token has been warned by some mainstream media in Vietnam about signs of fraud. This incident has been warned by the Da Nang City Police since the beginning of February 2021. Accordingly, Lion Group’s activities do not comply with the law, investors who lose money will not be protected by law.
About a week ago, press agencies started to report on the perversion and fraud of Lion Group. A few days ago, Lion Group’s multi-level exchange disabled participants’ ability to withdraw money. That is, FXT buyers are now holding onto a pile of illiquid, worthless virtual currency.

In Vietnam, the State Bank has repeatedly issued recommendations to organizations and individuals not to invest, hold and perform transactions related to virtual currencies.
Owning, buying, selling, and using virtual currencies as an asset has many potential risks for people and is not protected by law. Currently, the State Bank of Vietnam does not accept virtual currencies as currency as well as legal means of payment in Vietnam.
Meanwhile, the lawyers acknowledged that it is a violation to publicly advertise goods that are not allowed by law in Vietnam. Artists who openly promote cryptocurrencies should be punished for administrative violations. At the same time, the cultural and information management agency must also issue a warning because these are the people who influence the public, when advertising any service or goods, they must find out the origin.

It is impossible for money to turn a blind eye to false advertising, affecting many other people, not to mention aiding scammers. Because artists and celebrities on social networks have a lot of followers and followers, their behavior is often considered by the public as a measure, even a standard, so it is easy to cause mass effect. .

In the world, it is true that there are many digital currencies (like Bitcoin) that are recognized by countries and in fact many entrepreneurs have become billionaires thanks to it. Many technology experts believe that digital currencies in the future will be encrypted with top secret, able to cross space, time, and transact easily… Of course, the current operating environment is only for transactions in one multinationals (there are large American companies that are even richer than a sovereign nation) are experienced enough; did not say anything on the internet. As long as some large enterprises accept the transaction (a certain digital currency) it can circulate within the allowed range. Recently, with the participation of billionaire Elon Musk (famous Tesla boss of South African origin), Bitcoin has skyrocketed in price. Because the community using digital currency is still a minority (compared to real money), it is still called virtual money. Because, transactions are still converted into real money (through strong currencies like USD). Just like real money, there are different types of virtual money. As a general trend, many digital businesses want to create their own currency. For example, even the social network Facebook also formed a coin called Diem (formerly named Libra). The problem is that in Vietnam, the currencies that are used by the world’s billionaires and some countries for the above transactions are not accepted by the authorities in the country. There are many reasons, but it is possible that controlling such coins is not easy. In addition to virtual currencies with “cheek numbers”, many fake “boss” set up floors and set up servers abroad to attract participants with huge profits. These brokers are called binary options trading (a way of betting to predict the price of virtual currencies, stocks rising/falling). Many times, its form is no different from a type of online gambling. Not to mention, with this virtual currency, football betting houses (overseas) or something similar can easily receive bets. Virtual money transfers are also difficult for the state to control through tax collection… Most importantly, both in the world and in Vietnam, many exchanges suddenly closed, collapsed due to the sudden death or escape of the owner. led to the deaths of tens of thousands of “mommoths”. The deaths are similar to the collapse of the multi-level system.

“There’s been a lot of discussion around whether investing in Bitcoin is ultimately good or bad, what is the real value of Bitcoin, or is it actually just a bubble. Honestly, I don’t know,” Mr. Son said. said at SoftBank’s earnings press conference. Even so, the Japanese investment billionaire said that adding the popularity of cryptocurrencies has made Bitcoin an “unforgettable” platform, like diamonds or bonds. “It’s not necessarily anti-crypto. We’ve had such internal discussions,” he added. Billionaire Masayoshi Son – founder of SoftBank. Photo: Bloomberg. Over time, more and more big companies like Tesla, Square and Nexon are turning to buying Bitcoin. Many firms started accepting cryptocurrencies as a form of payment to promote the development of cryptocurrencies. However, recently, billionaire Elon Musk’s electric car company Tesla suddenly “turned away” from Bitcoin when it announced that it would stop accepting Bitcoin payments when buying cars. Immediately, the price of the world’s largest cryptocurrency by market capitalization plunged 5% just minutes after Musk’s announcement. According to the Coindesk , Bitcoin price currently fluctuates at 49,976 USD/dong, down 12.61% compared to 24 hours ago. The market capitalization of Bitcoin also dropped to $937 billion. Also in the press conference, SoftBank CEO revealed that he is holding many stocks with high liquidity such as Amazon, Microsoft and Facebook. He said such an investment decision will help the company hold the edge, ready for future investment opportunities.

This achievement is not made by shark pumps or mentioned by celebrities. In fact, there are three main reasons why Internet Computer has achieved unprecedented success. Internet Computer development team. The first is that Internet Computer was posted on all major exchanges at the same time, thereby creating the effect of fear of missing out (FOMO). This is an extremely important factor, because most virtual currencies will go to small exchanges or decentralized exchanges first (DeFi), making its liquidity and attractiveness much less than on exchanges. big. Next, this project has been cherished for a long time with a very clear information about the developer. The project has been developed by a team of nearly 200 engineers from the UK and Switzerland since 2016. The organization behind Internet Computer then raised about $121 million and began technical development for the coin. The head of this organization, Dominic Williams, also regularly goes on the media to talk about Internet Computer’s 20-year long-term vision and goals. By 2018, the new developer gave more than 50,000 subscribers a certain amount of Internet Computer virtual currency. At the end of last year, the process of testing the official network (mainnet) of Internet Computer has just begun. And on May 10, Internet Computer officially went on the floor. There was a time when the value of Internet Computer was more than 500 USD, equivalent to a capitalization of over 68 billion USD. Finally, the most important is the algorithm and the purpose that Internet Computer aims at. This project aims to provide users with the ability to create supporting software applications themselves instead of using server service providers like Amazon, Microsoft or third parties like Facebook, Google. In other words, Internet Computer is all about replacing DNS, firewalls, antivirus, databases, cloud services, and even VPNs. With decentralization, Internet Computer is expected to break the monopoly of Big Tech giants in the Internet environment. With an ambitious project, developed by a reputable team, it is not difficult to understand when Internet Computer has had an ICO in the Top 10 most successful virtual currencies ever, reaching the market capitalization record $ 68 billion and at one point broke into the Top 4 largest cryptocurrencies in the world before falling to about $ 45 billion with prices fluctuating in the range of less than $ 400.

Social network icons Instagram, Facebook and WhatsApp. Photo: Kyodo / VNA According to the Vietnam News Agency reporter in Germany, the Hamburg Office of the Data Protection Commissioner, where Facebook has a branch in Germany, has sent a ban to the social network that owns the popular messaging service WhatsApp. From the beginning of this year, when running the WhatsApp software, a window will automatically pop up. The first page states that WhatsApp is updating its terms of use and data protection regulations, in which the first statement: WhatsApp cannot read or listen to chats because they are encrypted, and second: WhatsApp are making adjustments to make it simpler to chat with businesses. Next, the second page said that WhatsApp is updating its terms of use and data protection regulations, which confirmed that WhatsApp does not change privacy in private chat, but added information on how to get it. chat with the business as desired and how the business can manage user chat sections. Especially at the bottom of page 2 there is only the “agree” button and the user cannot do otherwise. If you do not agree with the new update, starting May 15, using WhatsApp may experience problems, such as being unable to receive or send messages, even if the account is not deleted or disabled. In short, WhatsApp requires users to agree to their new policy in order to continue using the service after May 15, in which an update will allow more information from WhatsApp to be shared with Facebook. and other apps like Instagram and Messenger (such as contacts and profile data), except for encrypted chat content. According to a statement by the Hamburg’s Office of the Data Protection Commissioner, the terms of the above agreement will be invalidated in Germany for three months, and the office will refer the case to the European Data Protection Authority, The independent EU agency enforces the rules across the bloc. According to Hamburg State Data Protection Commissioner Johannes Caspar, Facebook’s data protection breaches in the past as well as the September general elections in Germany indicate the risk of “mass building user profiles”. can be taken advantage of. He emphasized the ruling was intended to protect the rights and freedoms of millions of users across Germany. The official is concerned not only about privacy, but that records could be used to “influence voter choices and manipulate democratic decisions”. Currently in Germany there are about 60 million WhatsApp users, the most popular chat application currently in the country. However, in response to the ban, a WhatsApp spokesperson confirmed that the ban was issued without a legitimate basis and is based on a “basic misunderstanding” of the purpose and effect of the update. Therefore, a ban will not affect further rollout of the update.

Dogecoin – a cryptocurrency that was born as a joke – has a market cap of more than $ 66 billion. In addition to Bitcoin, Ether and Dogecoin, CoinGecko tracks more than 7,000 other cryptocurrencies. However, according to Bloomberg Most investors want to observe Bitcoin and Ether – the two largest cryptocurrencies in the world. Bitcoin is designed as an exchange currency without the need for any intermediaries. This is a new form of money, verified through encryption technology in peer-to-peer (P2P) systems. The ledger (blockchain) records all Bitcoin purchases. Bitcoin is a store worth more than $ 1 trillion. However, it does not contain any buildings, executives, lawyers, political structures or employment organizations. Bitcoin also does not need an accounting even if it is a digital ledger. Bitcoin and Ether are the two most popular cryptocurrencies in the world. Photo: Reuters. Digital gold Bitcoin token does central work, security, and upgrades for new innovations. Mid-sized computer companies that manage machines carry out transactions. These are called “miners”, just like a digital mining company that mines digital gold. Because there are no intermediaries, Bitcoin can efficiently, inexpensively and unpolitically solve the problem of long-distance value transfers. So far, the Bitcoin system proves to be one of the most versatile technologies we have ever had. Bitcoin has little or no value when it was first activated in January 2009. By April 2021, Bitcoin’s price hit a record of nearly $ 65,000. And Ethereum was developed by Vitalik Buterin – a Russian Canadian teenager – in 2013. Initially, Buterin loved Bitcoin but quickly became dissatisfied with its limits. Buterin is determined to start building a system that can do more. His vision is to create a blockchain that stores smart contracts – executing specific tasks in case certain conditions are met. In other words, the only limit to transactions running on Ethereum is the imagination of the developers. Bitcoin’s price has risen almost 100% since the beginning of 2021, while the price of Ether has climbed nearly 400%. The question is what Ethereum borrowed from Bitcoin. It’s the idea behind a decentralized network that records purchases. Both systems are public and are built on open source software. Both also have miners. They perform complex calculations used to verify transactions and receive new types of digital currencies. The system also received criticism for its high energy consumption. One estimate shows that the Bitcoin network used more electricity than Sweden within a year. Bitcoin has been referred to as a form of “digital gold”. Of course, this cryptocurrency is highly volatile and has seen bubbles crash many times. However, some investors hold Bitcoin as a hedge against inflation due to the limited supply. Bitcoin price is also unaffected by other assets. Therefore, many investors use them to diversify their portfolios. Investors often view Ether as a type of growth investment. They bet on the development of a decentralized ecosystem built on top of Ethereum Phil Bonello Ethereum is also going through a development process. But the first boom happened in 2017 with a series of ICOs (first cryptocurrency releases). Many cryptocurrencies were born, used to exchange Ether and most used the Ethereum blockchain. Ether price then hit a record of 1,200 USD / dong. The second boom comes in 2020 as decentralized finance (DeFi) projects thrive. These startups pay interest on Bitcoin or Ether deposits, mortgage lending or cryptocurrency swaps on decentralized exchanges. The Ethereum network is therefore used for financial management, lending and mortgages. All without banks and brokers. Along with that is the hot development of irreplaceable tokens (NFT), a kind of virtual item that is authenticated by blockchain technology, with the digital signature of the owner. NFT is an indivisible, intact asset stored on the blockchain platform through a smart contract, non-destructive, verifiable, and has no second copy. The work has a name Ev erydays: The First 5000 Days Crypto artist Beeple’s was sold for $ 69.4 million at an auction by Christie’s. Threats of Bitcoin’s monopoly position The prices of Bitcoin and Ether have not fluctuated much between 2018 and 2020, also known as the “crypto winter”. But both benefit when governments pump money heavily into the economy to deal with the effects of the Covid-19 epidemic. MicroStrategy Inc. – a software and consulting firm – and billionaire Elon Musk’s electric car company Tesla has invested in Bitcoin. Wall Street and many other financial institutions are also starting to accept Bitcoin. Morgan Stanley and PMorgan Chase & Co. All open digital tracking channels for customers. Meanwhile, the price of Ether is driven by the activities going on on the world’s most popular blockchain. The company has undergone several upgrades to improve its network. The change is also likely to reduce supply. That will drive up the price by increasing the attraction and limiting the amount of Ether available. “Investors often see Ether as a type of growth investment. They bet on the development of a decentralized ecosystem built on top of Ethereum,” said Phil Bonello, Research Director at Grayscale Investments. , comment. Ether price peaked at more than 4,200 USD / dong on May 10. Photo: Coin Desk. The Ethereum network is used more than Bitcoin, and countless developers are still working on. Bitcoin currently accounts for about 46% of the total cryptocurrency market value, down from 70% earlier this year. The rate of Ether is 15%. However, extreme legal or tax risks could threaten the growth of Bitcoin and Ether in a number of countries. Along with that is the risk of fraud or investors forget the digital financial code. Some observers consider the cryptocurrency boom a bubble. Large institutions – often referred to as “whales”, which hold huge volumes of cryptocurrency – can also adjust prices at will. Even crypto proponents argue that the sector is very volatile. However, Bitcoin and Ether have recovered from a downtrend over the years and are increasingly adopted as a mainstream financial asset.

AquaGoat’s transaction value and volume suddenly increased sharply after Facebook CEO Mark Zuckerberg posted a picture of two goats raised on his own farm with the content “My goats: Max and Bitcoin”. Internet users claim that Max and Bitcoin are Zuckerberg’s two goats, implying that the Facebook co-founder is also interested in Bitcoin and the crypto market. AquaGoat’s value soared after Mark Zuckerberg’s two goats. Photo: CoinMarketCap. AquaGoat was launched by an Australian programmer on April 7 and appeared on CoinMarketCap from April 21. This is a decentralized token on the Binance exchange that emphasizes transparency and community contribution. According to AquaGoat’s website, transactions will be partly deducted and donated to organizations that conserve marine life and clean the ocean. AquaGoat’s Twitter page also repeatedly mentioned Mark Zuckerberg, referring to the image of his two goats contributing to the price increase of more than 500%. This is not the first time cryptocurrencies “animals” have increased in value thanks to technology billionaires. Recently, the crypto value Dogecoin with the image of Shiba dog has continuously fluctuated after the posts of billionaire Elon Musk. On April 17, a post with the content “Doge barking at the moon” of the billionaire made the Dogecoin price more than doubled. Earlier in February, the coin also appreciated more than 50% after Musk’s survey of the future currency in the world. Zuckerberg’s post shared the names of two goats, Max and Bitcoin. Screenshots. On May 8, Musk uploaded a photo of Musk’s personal announcement to join the program on Twitter Saturday Night Live , insert the Shiba dog image, the Dogecoin symbol in the frame. Soon after, the Dogecoin price surged and reached a historic high of $ 0.72. However, before the time Elon Musk aired the program, the price of Dogecoin fell sharply. On May 10, Musk’s aerospace company SpaceX announced a mission called “DOGE-1 Mission to the Moon”. This is a delivery program to the Moon in which SpaceX accepts payments in Dogecoin. While attracting attention, crypto experts recommend that Dogecoin, or “animal” currencies, have many drawbacks compared to other decentralized assets like Bitcoin. Therefore, investors should be cautious before deciding to enter the market. The high cost of Bitcoin mining Since the advent of cryptocurrencies, the amount of electricity needed for mining has increased significantly. This leads experts to believe that mining cryptocurrency is not environmentally friendly.

Photo: FT The dog-shaped coin that started as a joke has grown in value by 1,000% this year and has received the support of many celebrities, such as Tesla founder Elon Musk. . Photo: FT It is not clear how much money Aziz McMahon will gain after investing in Dogecoin. However, The Guardian says that this number is significant. For her part, Aziz McMahon declined to comment. Goldman Sachs said that Aziz McMahon was not involved in the bank’s crypto business. Photo: Bloomberg Last week, Goldman Sachs opened a Bitcoin investment division. This is in contrast to 2018 when the bank said it had decided not to enter the cryptocurrency market. Photo: Bloomberg Created by two software engineers named Billy Markus and Jackson Palmer, Dogecoin was intended to be a faster and happier alternative to bitcoin. Since its inception, Dogecoin has a growing community of users. In mid-April, Dogecoin reached the top 10 of the largest cryptocurrencies in the world.

Unlike Elon Musk, the co-founder of Facebook doesn’t usually share his investments on his personal page. According to the Livecoins This is the first time Facebook CEO has posted content publicly, specifically referring to the name Bitcoin, the most expensive cryptocurrency in the world today. The latest post implies that Zuckerberg is interested in Bitcoin. Some have suggested that Mark wants to reverse the price of Bitcoin like Elon Musk is doing with Dogecoin and some cryptocurrencies, even though the billionaire has never confirmed an investment or bought Bitcoin. Zuckerberg’s post shared the names of two goats, Max and Bitcoin. Screenshots. In addition, combining the two words Max and Bitcoin in the name of Zuckerberg’s 2 goats to create Max Bitcoin. This is a term for a person who buys Bitcoins to increase their distribution in a portfolio (maximize Bitcoin). Zuckerberg seemed intentional by naming the goats Max and Bitcoin, but it could also be a coincidence. Another interesting thing is that the word GOAT (goat) in English stands for Greatest of All Time (greatest of all time). Originally Zuckerberg’s post was “My goats: Max and Bitcoin”, which could mean Max and Bitcoin are the names of two goats, or Max and Bitcoin are the two “greatest of all time” for Zuckerberg. Member kylelock8788 on the Reddit forum also pointed out Max in the name of journalist Max Keiser, who always made a statement in favor of Bitcoin. More and more companies are investing in Bitcoin. At the end of April, Korean gaming company Nexon said it bought 1,717 BTC with an average price of $ 58,226 / VND. Previously, Meitu, a popular photo-editing app developer in China, revealed that it spent $ 100 million on Bitcoin and Ethereum. In February, billionaire Elon Musk’s Tesla electric car bought $ 1.5 billion in Bitcoin. The company then sells 10% of the Bitcoin to prove the cryptocurrency’s liquidity. In 2020, the price of Bitcoin increases by nearly 300%. From the beginning of 2021 until now, the price of the largest cryptocurrency in the world has continued to increase by 95%. In early April, Bitcoin peaked at $ 63,000 but then dropped below $ 60,000. According to the Coindesk Bitcoin price as of May 11 is over $ 56,000. The high cost of Bitcoin mining Since the advent of cryptocurrencies, the amount of electricity needed for mining has increased significantly. This leads experts to believe that mining cryptocurrency is not environmentally friendly.

The Colonia company had to shut down the fuel pipeline after a cyber attack. Photo: AP. Leading American fuel pipeline company Colonial shut down its entire network that supplies nearly half of the fuel to the US East Coast, following a May 8 ransomware ransomware attack. Every day, the Colonial company ships 2.5 million barrels of gasoline, diesel, jet fuel and other products through a 850-kilometer pipeline connecting the eastern and southern coasts of the United States. The company has shut down systems to stop the threat after learning about the attack. According to sources, hackers are most likely a highly professional cybercrime group. And the malware used in the attack is ransomware. Ransomware is a type of malware designed to lock systems by encrypting data and taps money to regain access. This malware has become popular in the past 5 years. The Colonial Company has invited a third-party cybersecurity company to conduct an investigation and contacted law enforcement and other federal agencies to initiate an investigation. Colonial provided no further details or said how long their fuel lines would be closed. “Cyber ​​vulnerabilities have become a systemic issue,” said Ms. Algirde Pipikaite, Head of Network Strategies at the World Economic Forum’s Cyber ​​Security Center. Without measures to protect cybersecurity, attacks are occurring more often on industrial systems such as oil and gas pipelines or water treatment plants. In 2017, Colonial shut down its gas distillation and production lines during Hurricane Harvey that hit the Gulf Coast. That contributes to tight supply and price increases in gasoline in the US.

Colonial Pipeline America’s largest fuel pipeline system was attacked by network, has not yet assessed the damage. (Source: Freightwaves) To deal with the incident, the company had to close the entire network. Colonial Pipeline said the attack “suspended all pipeline operations and affected some of our IT systems”. Sources in cybersecurity revealed that the malware used in the Colonial Pipeline attack was ransomware – a type of malware designed to block systems with how to encrypt data and request a ransom payment to restore access. The Colonial transports gasoline, diesel, jet fuel and other refined products from the Gulf of Texas to the populous US East Coast via a 8,850 km pipeline, serving 50 million customers. Oil analyst Andy Lipow said that the impact of the attack on supply and fuel prices will depend on how long the pipeline is down. If the line stops working for a day or two, the impact will be minor. However, if the pipeline is forced to shut down for 5 or 6, shortages or price increases will occur, especially in the area stretching from Alabama to Washington DC. (According to AFP, Reuters)