Crypto California Club

2023-05-20 17:43:54 ‘Trusted’ marketplace sold fake Trezor wallets stealing crypto: Kaspersky

Amid the rising popularity of hardware cryptocurrency wallets, the Russian cybersecurity firm Kaspersky has reminded users about the importance of using authentic crypto devices.

Kaspersky cyber incident expert Stanislav Golovanov on May 10 reported on an issue with fake hardware wallets impersonating major wallet firm Trezor. The incident occured in March 2022.

According to the blog post, the fake Trezor wallet allowed fraudsters to steal Bitcoin via a replaced microcontroller, which enabled attackers to take over control of the user’s private keys.

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2023-05-19 12:54:04 Yearn Finance New Staked Token yETH Might Not Be Launched Yet

According to a survey on the Yearn Finance governance forum, participants are divided on introducing the yETH toen. The poll is non-binding and is intended to gauge community support in going forward with a binding vote through snapshot.

According to Yearn, there are an increasing number of LSDs, each with a unique yield, risk, and decentralization profile, as well as varying degrees of market liquidity. Inefficiencies in market pricing might lead to trading opportunities against the protocol’s underlying supported ETH value.

Staked ETH in a typical liquidity pool is not appropriate for collateral since the pool is only as secure as its least safe Member. However, new LSDs may struggle to establish traction and draw sufficient use and liquidity to compete with existing protocols with huge market shares.

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2023-05-18 17:42:20 The Fed cites worries about stablecoin in its latest Financial Stability Report.

The report points out stablecoin’s possible low stress resistance and overuse in leveraged cyptocurrency trading, reiterates its position on CBDC.

The United States Federal Reserve Board released its semiannual Financial Stability Report on Monday.

The report points to the volatility on commodities markets brought on by the Russian invasion of Ukraine, the spread of the omicron variant of COVID-19 and “higher and more persistent than expected” inflation as sources of instability.

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2023-05-16 10:44:25 China Ramped Up Gold Production During Q1 Amidst Steady Demand From Central Banks

Gold companies operating in China ramped up their production levels during the first quarter of 2023.

According to industry reports, the Chinese gold industry managed to recover its extraction levels, reaching numbers it saw before the Covid pandemic, with the country engaging in a record streak of purchasing gold during the last five months.

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2023-05-15 12:15:48 Microsoft axes Bing wait list, giving users free access to GPT-4

Bing is set to receive several much-requested AI-powered features that could put it in competition with OpenAI’s ChatGPT Plus subscription service.

Microsoft recently announced a slew of new artificial intelligence (AI)-powered features for its Bing chatbot and Edge web browser. Chief among the changes, Bing users now have full access to the GPT-4 model — the same underlying engine that powers ChatGPT’s “Plus” subscription service.

Previously, Microsoft held access to the GPT-4 version of the Bing chatbot to a “limited preview.” It’s now announcing open availability through the Bing app, web access and the Edge browser.

Aside from giving Bing, Edge and Windows users free, unfettered access to the GPT-4 model, Microsoft also announced upcoming support for multimodal outputs, chat history and plug-ins.

Multimodal support will allow the Bing chatbot to generate responses, which include a combination of text, images and videos. It will also have the ability to generate charts and graphs, something that could give it a leg up over ChatGPT.

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2023-05-14 19:16:18 Legends LeMeMe- The newest crowdfunding meme token on the market

We provide an ecosystem of services through an easy-to-use interface, crowdfunding using $LeMeMe on the LVS platform, which will connect the community with complete transparency and traceability.

The first-ever meme token that is completely community-driven, where we can make a difference in crowdfunding others to achieve their dreams, meet their needs, and work together for a better cause.

The Pre-sale is now live!
Where trust and crypto go hand in hand.

Link to the project:
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2023-05-14 11:15:47 XRP Crypto Scam Prevented as YouTube Assists in Recovering Hacked Channel

YouTube has intervened to prevent an XRP cryptocurrency scam from being promoted on the hacked popular YouTube channel DidYouKnowGaming.

Last week, the team behind DidYouKnowGaming warned on Twitter that they have lost access to their YouTube channel, which has 2.4 million subscribers, after their Google account was hacked.

YouTube was quick to act, asking the YouTuber for certain information in a bid to help them regain access to their account.

"We'll need to get some quick info from you & then we'll connect you w/ a specialist team who helps restore account access," the official Twitter account of YouTube said in response to DidYouKnowGaming.

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2023-05-13 20:01:54 Blur flips OpenSea to dominate the NFT marketplace scene

According to the report, OpenSea, feeling the heat from Blur, launched OpenSea Pro (OS Pro), a platform targeted toward professional traders, at the beginning of April 2023.

OS Pro aims to attract high-volume trading with a temporary zero percent marketplace fee and a minimum creator royalty of 0.5 percent.

However, despite these efforts, OpenSea’s trading volumes declined by 28%, forcing its dominance lower to 21.93% in April.

Meanwhile, Blur has maintained its position as the dominant player in the NFT marketplace, commanding a market share of 65.94%. It is despite its trading volumes decreasing by 33.19%, a $826m reduction.

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2023-05-13 14:10:50 Liquid Staking Platform Lido Surpasses 6M Ether Deposits as Shanghai Upgrade Spurs Inflows

Decentralized finance (DeFi) protocol Lido Finance has surpassed six million ether (ETH) deposited on its liquid staking platform amid steady inflows following the Ethereum blockchain’s Shanghai upgrade.

Lido has enjoyed a net inflow of 105,644 ETH through last week, worth some $199 million, pushing deposits to 6,008,480 ETH, according to blockchain data by a Dune Analytics dashboard.

Liquid staking has become a popular way for investors to earn yields on their digital assets, making it one of the largest DeFi sectors with $16 billion of value combined, per data by DefiLlama.

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2023-05-12 12:15:48 Sorare: latest news about NBA NFTs

Recently Sorare launched Fantasy Basketball and signed a partnership with NBA and NBPA for American basketball fans.

So, after entering the world of football and baseball, it has now arrived in the world of basketball with its digital trading cards.

Below are some of the latest news from the famous gaming platform and some of the most popular cards.

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