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CertiK Uncovers Major Security Flaw in Solana Saga Smartphone

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Security firm CertiK recently revealed a significant security flaw in the Solana Saga smartphone. According to CertiK, the device has a critical weakness that could enable hackers to insert a backdoor into its system, jeopardizing the phone's security. They shared a video on X (previously known as Twitter) illustrating how a hacker might gain unauthorized root access during the phone's boot process. CertiK warned that this flaw undermines the reliability of the Android OS used by Solana's phone, potentially putting sensitive information at risk, including cryptocurrency wallet credentials and private keys. The Solana Phone, branded as "Saga," is a blockchain-integrated smartphone released by Solana in April. It aims to improve the experience with decentralized applications (dApps) and crypto management, featuring a hardware Read more about CertiK Uncovers Major Security Flaw in Solana Saga Smartphone #CertiK, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #Regu...

MetaMask Resolves Mobile App Glitches, Urges Update to Latest Version

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Users of MetaMask's mobile app version 7.9.0 briefly encountered transaction issues, which were resolved with a recent update from the developers. MetaMask has urged its mobile users to upgrade to the latest version, 7.10.0, to avoid these problems, which only affected a small number of users, as noted in their November 14 update. Reports from some MetaMask users mentioned disappearing transactions across various blockchain networks. They were unable to see swap activities or track completed trades on block explorers like Etherscan. MetaMask has also instructed users with ongoing issues to reach out to their support team for assistance. MetaMask, known for its Ethereum wallet services, now supports multiple layer-1 blockchains, including Bitcoin, and offers crypto-to-fiat conversion options for Ether. The company also enables Read more about MetaMask Resolves Mobile App Glitches, Urges Update to Latest Version #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #Metamask, #MobileApp,...

Upcoming economic events 16 November  2023

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Time(GMT+0/UTC+0)StateImportanceEventForecastPrevious00:302 pointsEmployment Change (Oct)18.0K6.7K00:302 pointsFull Employment Change (Oct)----------39.9K00:302 pointsUnemployment Rate (Oct)3.7%3.6%11:302 pointsECB President Lagarde Speaks  ------------------12:102 pointsECB's Enria Speaks ------------------13:302 pointsExport Price Index (MoM) (Oct)---------0.7%13:302 pointsImport Price Index (MoM) (Oct)-0.3%0.1%13:303 pointsInitial Jobless Claims222K217K13:303 pointsPhiladelphia Fed Manufacturing Index (Nov)-11.0-9.013:302 pointsPhilly Fed Employment (Nov)---------4.014:152 pointsIndustrial Production (MoM) (Oct)-0.4%0.3%14:152 pointsIndustrial Production (YoY) (Oct)---------0.08%14:152 pointsECB's De Guindos Speaks  ------------------14:252 pointsFOMC Member Williams Speaks  ------------------15:002 pointsFed Governor Kroszner Speaks Read more about Upcoming economic events 16 November  2023 #ECONOMICEVENTS, #Forecast, #UPCOMINGEVENTS

Chinese Gaming Giant Announces $100M Investment in Crypto

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Boyaa Interactive, a Chinese board and card game enterprise listed on the Hong Kong Exchanges and Clearing Limited, has announced its intention to invest around $100 million in cryptocurrency assets, with a focus on Bitcoin (BTC) and Ethereum (ETH). This move aligns with the growing trend of institutional investments in cryptocurrencies, particularly Bitcoin and Ethereum. The company's leadership believes that this investment is a key step in strengthening its position in the Web3 arena. As per a report from the Hong Kong Exchanges and Clearing Limited, Boyaa Interactive plans to complete this acquisition over the next 12 months, starting from the date of approval at the Extraordinary General Meeting (EGM). The company has informed its shareholders that they will receive a notice regarding the EGM, along with other relevant Read more about Chinese Gaming Giant Announces $100M Investment in Crypto #Altcoin, #Blockchain, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #News, #Regul...

JPMorgan's JPM Coin Predicted to Handle $10B Daily Transactions

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JPMorgan Chase & Co. has high expectations for its digital token, JPM Coin, predicting it will handle daily transactions worth $10 billion in the coming year. This forecast was shared by Umar Farooq, the bank's Global Head of Financial Institution Payments, during an interview at the Singapore FinTech Festival covered by Bloomberg. Farooq is highly optimistic about JPM Coin's future, anticipating a significant surge in its transaction volume, potentially increasing by five to ten times. He believes the digital token is poised for rapid growth, remarking, “We really think it’s going to start taking off.” Currently, as Takis Georgakopoulos, JPMorgan’s Global Head of Payments, reported, JPM Coin processes around $1 billion in transactions each day, predominantly in US dollars. This amount, though substantial, is just a small port Read more about JPMorgan's JPM Coin Predicted to Handle $10B Daily Transactions #Adoption, #Altcoin, #Cryptocurrency, #Cryptomarket, #...

BlackRock Spotlights Stablecoin Risks in Pioneering Bitcoin ETF Application

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BlackRock, the largest asset manager globally, recently submitted an application for a spot Bitcoin ETF, drawing significant attention for its mention of stablecoins as a risk factor. This filing, eagerly awaited by the digital asset community, underscores BlackRock's concern about the indirect risks stablecoins pose to Bitcoin and the wider digital asset market. Despite the ETF not investing directly in stablecoins like Tether USD (USDT) or Circle USD (USDC), BlackRock acknowledges the potential impact these digital currencies, pegged to traditional currencies, could have on Bitcoin's value. This inclusion of stablecoins in the risk assessment demonstrates BlackRock's sophisticated understanding of the crypto ecosystem's complex interconnections. The focus on stablecoins, increasingly central in digital transactions, echoes the Read more about BlackRock Spotlights Stablecoin Risks in Pioneering Bitcoin ETF Application #BitcoinETF, #BlackRock, #Cryptocurrency, #Cryptoma...

Uniswap Labs Launches Android Mobile Wallet App, Expanding Accessibility in Decentralized Finance

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Uniswap Labs has recently unveiled its new Android mobile wallet app, now available on the Google Play Store, marking a significant development in the cryptocurrency sector. This app enables direct currency swapping, eliminating the need for additional browser extensions. Developed and managed by Uniswap, which is governed by UniswapDAO, the app handles over $3 billion in cryptocurrency within its contracts. Following a closed beta in October and the release of an iOS version in April, the Android launch represents Uniswap's commitment to expanding its user base. According to Uniswap's Vice President of Design Callil Capuozzo, the app has been updated based on user feedback to include more efficient ways to copy and paste wallet addresses. It now offers multiple language support and displays crypto values in local currencies, catering Read more about Uniswap Labs Launches Android Mobile Wallet App, Expanding Accessibility in Decentralized Finance #Cryptocurrency, #Cryptomarket,...

Upcoming economic events 15 November  2023

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Time(GMT+0/UTC+0)StateImportanceEventForecastPrevious00:302 pointsWage Price Index (QoQ) (Q3)1.3%0.8%02:002 pointsFixed Asset Investment (YoY) (Oct)3.1%3.1%02:002 pointsIndustrial Production (YoY) (Oct)4.3%4.5%02:002 pointsChinese Industrial Production YTD (YoY) (Oct)---------4.0%02:002 pointsChinese Unemployment Rate (Oct)5.0%5.0%02:002 pointsNBS Press Conference  ------------------04:302 pointsIndustrial Production (MoM) (Sep)0.2%-0.7%08:002 pointsEuropean Central Bank Non-monetary Policy Meeting  ------------------10:002 pointsIndustrial Production (MoM) (Sep)-0.7%0.6%10:002 pointsTrade Balance (Sep)---------6.7B13:302 pointsCore PPI (MoM) (Oct)0.2%0.3%13:303 pointsCore Retail Sales (MoM) (Oct)-0.2%0.6%13:302 pointsNY Empire State Manufacturing Index (Nov)-2.60-4.6013:303 pointsPPI (MoM) (Oct)0.1%0.5%13:302 pointsRetail Control (Mo Read more about Upcoming economic events 15 November  2023 #ECONOMICEVENTS, #Forecast, #UPCOMINGEVENTS