Cryptojacking on the Rise, Blockchain Expert on White House, Celcius Confirm Email Leaks, and more.
ENEDEX DeBrief — Week 5, July 2022
Welcome to the 13th iteration of ENEDEX Debrief, where we recap 5 major news in the crypto and blockchain industry in bite size by the end of each week. Let’s get to it!
- Report suggest that ‘Cryptojacking’ rises 30% to record highs
New research shows that despite falling digital asset prices, cryptojacking has reached record levels in the first half of 2022. According to a mid-year update on cyber threats by American cybersecurity company SonicWall, global cryptojacking volumes rose by $66.7 million, or 30%, in the first half of 2022 compared with the same period last year.
Cryptojacking is a cybercrime whereby malicious actors commandeer a victim’s computer resources by infecting the machine with malware designed to mine cryptocurrencies. It is often executed through vulnerabilities in web browsers and extensions.
Be careful out there. Cryptojacking can hit any device, be mindful with the links that you opened.
2. Chips bill provides for blockchain specialist position in White House science office
The United States House of Representatives passed the Chips and Science Act on Thursday by a vote of 243 to 187. The bill, which was introduced into the Senate over a year ago, provides grants and incentives to the semiconductor industry and encourages research. It also creates a blockchain and cryptocurrency specialist position in the White House Office of Science and Technology Policy (OSTP).
The bill passed the Senate on Wednesday. It has an overall price tag of $280 billion, which includes $52 billion in grants and incentives for U.S. semiconductor manufacturers who face fierce competition from China, and $170 billion in incentives for research. It is expected to contribute to the easing of supply chain issues in the industry as well.
One small step toward blockchain-friendly White House!
3. Phishing risks escalate as Celsius confirms client emails leaked
Celsius depositors should be on the lookout for phishing scams after the company revealed some of its customer data had been leaked in a third-party data breach.
On Tuesday, Celsius sent an email to its customers informing them that a list of their emails had been leaked by an employee of one of its business data management and messaging vendors.
According to Celsius, the breach came from an engineer at the Customer.io messaging platform, who leaked the data to a third-party bad actor.
“We were recently informed by our vendor Customer.io that one of their employees accessed a list of Celsius client email addresses,” said Celsius in its email to customers. The data breach is part of the same incursion that leaked OpenSea customer email addresses in June.
Yet another reason why you should use ENEDEX instead. DEX does not require or store user’s personal data!
4. Ticketmaster scouts productization of enterprise NFTs beyond ticketing
A new job posting by America’s biggest ticketing company, Ticketmaster, reveals mainstream interest in exploring new revenue streams using nonfungible tokens (NFTs).
Over the past two years, artists, musicians and the sports industry helped thrust the NFT ecosystem into the limelight as the technology served its purpose as a powerful fan engagement tool. Conversely, most of the general public boarded the hype train seeking profits via reselling collectibles in the secondary markets. With the NFT hype eventually slowing down by mid-2022, entrepreneurs and companies are looking for new use cases beyond collectibles.
There are more use cases for NFT other than buying pictures of monkeys.
5. Over a quarter of Asian Pacific ‘emerging giant’ startups tied to blockchain: Report
new technology startups appearing, even as venture capital investment is decreasing compared to last year. A report from Big Four accountant KPMG and international banking company HSBC based on a survey of 6,472 Asian Pacific startups found that over a quarter of them are blockchain related.
Nonfungible tokens, or NFTs, led the way among sectors where Asian Pacific “emerging giants” were active, followed directly by decentralized finance, also known as DeFi. Electric vehicle charging infrastructure, quantum computing and robotic processing automation rounded out the top five sectors. Blockchain real estate and decentralized autonomous organizations (DAOs) ranked 14th and 15th, respectively, on the same list.
If you have the chance, what will you build on the blockchain as a founder?
Those are 5 notable news on the cryptoverse this week! Anything that we missed?
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