High Profile Twitter Hack, Gaming “Renaissance” Incoming, Rise of Women in Crypto, COVID-19 Changes Regulator’s View of Crypto
In this edition:
– High Profile Twitter Hack – Crypto Scamming Next Level
– Gaming “Renaissance” on the Horizon?
– Crypto Isn’t A Boys Club? The Number of Women in Crypto Surges!
– COVID-19 Causes a 180 Flip in DC – Regulators Change Their View of Crypto
Here we are fellow Anchorians, another week, another list of ups and downs that have the potential to make a change, not just in crypto, but in the world.
2020 is proving to be one of the most turbulent years in recent history, and for many, it’s the time when they learn whether they’ll make it or break it. Luckily, seems that the crypto industry can help improve the lives and businesses of many, and these trying times are bringing that fact to the surface .
That means that this is the perfect time for you to consider – how can crypto improve my life or business?
This week’s news are definitely shedding a new light on that question, so without any additional delay, I give to you the 49th Crypto Roundup.
High Profile Twitter Hack – Crypto Scamming Next Level
Wednesday’s news have circled the planet in mere seconds, when a long list of famous Twitter profiles started sharing the same message about “giving back to the community” and sharing a BTC wallet address with a promise to send back double what’s sent to them.
Profiles hacked included Apple, Joe Biden, Elon Musk, Kim Kardashian West, Jeff Bezos, Bill Gates, Barack Obama, Wiz Khalifa, Warren Buffett, YouTuber MrBeast, Wendy’s, Uber, CashApp, and Mike Bloomberg. However, crypto-related accounts weren’t spared either @bitcoin, @ripple, @coindesk, @coinbase and @binance also shared the same message
Ok, so now you’re wondering – why should we care about another crypto scam?
That’s just it, this isn’t just a scam, it’s a major security breach on one of the biggest social platforms. Twitter admitted that the hacker has leveraged an internal Twitter admin tool to gain access to these accounts.
In an attempt to contain the matter, Twitter limited the platform’s functionality, so many were unable to tweet, create threads, or reset passwords. The company tweeted “We’re continuing to limit the ability to Tweet, reset your password, and some other account functionalities while we look into this. Thanks for your patience.”
This points towards a much bigger security issue on most modern platforms. However, if major companies, handling people’s data start looking into blockchain-based solutions, problems like these may be prevented in the future.
This points towards a much bigger security issue on most modern platforms. However, if major companies, handling people’s data start looking into blockchain-based solutions, problems like these may be prevented in the future.
Gaming “Renaissance” on the Horizon?
A prominent online entrepreneur Yat Siu, the man who founded a blockchain focused gaming firm Anomica Brands claims that crypto non-fungible tokens will do for gaming what the advancement of property rights did for early-modern Europe.
He compares the gaming industry today to feudal kingdoms, where lords and kings reap the benefits, while peasants and serfs (gamers in this comparison) work the land for others.
Now that people are spending so much time in virtual worlds of various games, Siu believes it’s time for a revolution. He is working towards ensuring that a “ completely new dimension of essentially property rights for a virtual asset class that wasn’t possible before” opens up for gamers. Seems like NFTs and blockchain gaming can change the way we play our games, and this gamer, for one, is excited to learn more about it!
Crypto Isn’t A Boys Club? The Number of Women in Crypto Surges!
Run the world girls! Seems that ladies have decided to enter crypto and blockchain in a big way, and we love it.
In previous years, it has been widely known that cryptocurrency and blockchain sectors are predominantly male. Now it seems like the ladies have decided to take matters into their own hands, and “storm the castle”.
According to recent reports, it seems that the surge of female exchange users is significant – as high as 160% on some exchanges. In addition to that, number of women working in the crypto industry has increased by 43.24% in the first quarter of this year.
As Corona forced many to look into safe investments and additional skills, a large number of women have decided to focus on digital assets instead of putting their faith in real estate and gold. And as far as research shows, they are doing great so far.
COVID-19 Causes a 180 Flip in DC – Regulators Change Their View of Crypto
Well, seems like there’s one positive effect of this virus. The pandemic has forced Congress to look into digitization with new speed and vigor. Last year’s Libra announcement was met with mistrust, while now, it seems that US regulators are investigating ways to “upgrade money” which is a huge progress.
Combine that with the statement from Takaya Nakamura, an executive from Japanese crypto exchange Fisco, that Japan should throw its weight behind the United States establishing a digital dollar. What do we get? A potential for a collaboration between advanced countries towards a common goal of creating a governmentally recognized global crypto currency.
I know it sounds like a pipe dream, but, don’t you think that’s exactly what is at the core of the entire idea of cryptocurrencies? Borderless, apolitical, and digital?
We’ll keep track of developments on this front, especially as Anchor believes Central Banks are in need of an inflation-resistant peg if they decide to take this route.
Final Thoughts
Well, all things considered, seems like this was a good week for crypto. We’re glad that there seems to be a light at the end of this pandemic tunnel, and that blockchain and cryptocurrencies are helping us all reach it faster.
What do you think about this week’s developments? Feel free to share your thoughts with us in Anchor’s Telegram Community, we love talking to you. Until next week, I wish you fair winds and the following seas, my fellow Anchorians!
Disclaimer: The information provided in this post is not legal, accounting, or financial advice. I am not a lawyer, accountant, or financial advisor. I am not registered as an investment adviser with any federal or state regulatory agency. The Information should not be construed as investment or trading advice and is not meant to be a solicitation or recommendation to buy, sell, or hold any cryptocurrencies.
