Engineer hacks Trezor wallet, recovers $2M in ‘lost’ crypto

A computer engineer and hardware hacker has revealed how he managed to crack a Trezor One hardware wallet containing more than $2 million in funds. Joe Grand — who is based in Portland also known by his hacker alias “Kingpin” — uploaded a Youtube video explaining how he pulled off the ingenious hack. After deciding to cash out an original investment of roughly $50,000 in Theta in 2018, Dan Reich, a NYC based entrepreneur, and his friend, realized that they had lost the security PIN to the Trezor One the…

Zuckerberg’s Diem reportedly weighing sale after stablecoin plans falter

Meta-backed crypto initiative “Diem” is reportedly trying to sell its assets, seemingly calling time on Facebook founder Mark Zuckerberg’s grand ambitions for a stablecoin to act as the internet’s currency. Diem — which was previously known as Libra — is Meta Platform’s cryptocurrency initiative. According to insider sources speaking with Bloomberg, it is considering selling assets to return capital to its investors. The sources said that Diem is in discussions with investment bankers to determine the best way to sell its intellectual property and cash out on whatever value the…

Fading power? Weak DOGE spike after Elon Musk makes McDonald’s offer

Erratic billionaire and Tesla CEO Elon Musk has offered to eat a kids meal from McDonald’s live on television if the fast food giant adds Dogecoin (DOGE) as an official payment method. “I will eat a Happy Meal on TV if McDonald’s accepts Dogecoin” said the SpaceX CEO in a tweet on Tuesday morning. In the minutes following Musk’s tweet, the price of DOGE immediately jumped 7% from $0.135 to $0.145 where it remains at the time of writing Previous tweets from Musk have seen markets move far more substantially,…

Elon Musk Tempts McDonald’s to Accept Dogecoin — McDonald’s Replies ‘Only if Tesla Accepts Grimacecoin’ – Bitcoin News

Tesla CEO Elon Musk says that he will eat a happy meal on television if McDonald’s accepts the meme cryptocurrency dogecoin (DOGE). However, McDonald’s replied, “only if Tesla accepts grimacecoin.” Musk’s statement followed a tweet by McDonald’s asking how crypto Twitter is doing. Elon Musk Tries to Tempt McDonald’s to Accept Dogecoin Tesla and Spacex CEO Elon Musk offered to eat a McDonald’s happy meal on television if the fast-food restaurant chain accepts dogecoin (DOGE) in a tweet Tuesday. At the time of writing, his tweet has been retweeted 34.3K…

5 NFT events trending on Twitter

There is no denying that pop culture has entered the NFT space in full force. The World of Women collection created by Yam Karkai has followed in the footsteps of Bored Ape Yacht Club (BAYC) by signing with a big-time Hollywood agent, and Madonna was propositioned to buy a blue chip NFT and she might be giving the offer serious consideration. Many new entrants are influenced by celebrity endorsements, yet the community proclaimed “OGs” are bullish on “historical NFTs” and are allegedly not swayed by hype. However, when entrepreneur Gary…

Stop the steal? Trump family threatens legal action against TrumpCoin

A low cap cryptocurrency named TrumpCoin (TRUMP) has finally drawn the ire of the Trump dynasty six years after it entered the market. On Jan. 25, Donald Trump’s second son Eric threatened legal action against the TRUMP cryptocurrency for allegedly using his family’s name fraudulently. Fraud Alert: It has come to our attention that someone is promoting a crypto currency called “TrumpCoin” (Symbol  “TRUMP.”) This has NOTHING to do with our family, we do not authorize the use and we are in no way affiliated with this group. Legal action will…

Grayscale Considering 25 More Crypto Assets for Investment Products – Altcoins Bitcoin News

Grayscale, the world’s largest crypto asset manager, is considering 25 more crypto assets for investment products. With the latest additions, the company’s list of coins under consideration has grown to 43. “The process of creating an investment product similar to the ones we already offer is a complex, multifaceted process,” said Grayscale. 25 Crypto Assets Added to List of Coins Under Consideration for Grayscale’s Investment Products Grayscale Investments announced Monday that it has updated its list of digital assets under consideration for 2022. Grayscale currently has $30.6 billion in net…

Bitcoin hits $37.5K, stocks recoup losses ahead of Wednesday’s FOMC statement

The dominant sentiment of doom and gloom in the crypto market shifted toward hope on Jan. 25 after the price of Bitcoin (BTC) climbed to $37,500 briefly as stock markets staged a midday rally that recovered most of the losses from Jan. 24. Even with Jan. 25’s recovery, global markets remain in a state of flux, primarily due to uncertainty over the U.S. Federal Reserve’s plan to raise interest rates in the coming months, with the latest signal indicating that the first rate hike will come in March. Data from…

IMF urges El Salvador to remove Bitcoin’s status as legal tender

Members of the executive board at the International Monetary Fund are urging lawmakers in El Salvador to no longer recognize Bitcoin as legal tender. The IMF reported on Tuesday that though digital payments had the potential to increase financial inclusion in the Central American nation, the use of Bitcoin (BTC) as legal tender carried “large risks” related to financial stability, financial integrity and consumer protection. The executive board directors urged El Salvador authorities to “narrow the scope of the Bitcoin law by removing Bitcoin’s legal tender status,” also expressing concern…