marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
Glitch
12/13/2024
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By Ava Grace
Scammers using fake Telegram verification bots to steal cryptocurrency assets from unsuspecting victims
Scammers are combining social engineering with fake Telegram verification bots to inject crypto-stealing malware into users’ systems, leading to substantial losses. The scam involves creating counterfeit X accounts impersonating popular crypto influencers, luring followers to Telegram groups, and prompting them to verify their identities through a fake bot named “OfficiaISafeguardBot.” The fake bot injects a […]
12/12/2024
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By Ramon Tomey
How the digital rupee could redefine India’s financial future
Outgoing Reserve Bank of India (RBI) Gov. Shaktikanta Das emphasized the pivotal role of India’s home-grown central bank digital currency (CBDC), the digital rupee, in shaping the country’s financial future. The RBI under Das’ leadership launched pilot projects for the digital rupee, including retail and wholesale applications, with 16 participating banks and features like offline […]
12/04/2024
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By Ethan Huff
Beijing fights back against U.S. economic “bullying” after Washington restricts chipmaking exports to China
The U.S. Department of Commerce announced an export ban to China this week that covers 24 different types of microchip manufacturing equipment, prompting Beijing to issue a statement that “necessary measures” will now be taken to safeguard China’s semiconductor industry. The Commerce Department under President Biden will no longer allow the equipment, which includes three […]
11/20/2024
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By Ava Grace
Tesla recalls over 2,400 Cybertrucks due to faulty parts that could increase risk of crashing
Tesla has announced that it is recalling more than 2,400 of its Cybertruck electric pickup trucks in the United States due to faulty parts that could lead to a loss of power and an increased risk of a crash. A fault in the driver inverter in Cybertrucks manufactured through July 30 could cause the vehicle […]
10/21/2024
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By Cassie B.
Electric vehicle fires making headlines around the world as fears grow over battery risks
The dangers of electric vehicles have been gaining a lot of unwanted attention in the aftermath of hurricanes Helene and Milton after numerous cars went up in flames – much to the surprise of many owners who were unaware of the drawbacks of their “green” vehicles. When electric vehicles are flooded by problems like storm […]
10/09/2024
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By Ethan Huff
American Water, nation’s largest water utility, hit with CYBERATTACK that left call center with “limited functionality”
Customers of the nation’s largest water utility, American Water, were left unable to pay their bills this past week after a cyberattack left the company’s billing system non-operational. American Water says it identified “unauthorized activity” taking place within its computer networks and systems that was later determined to be a “cybersecurity incident” that deactivated and […]
10/08/2024
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By Laura Harris
Tesla recalls over 27,000 Cybertrucks due to safety issue involving rearview cameras
Tesla is set to recall more than 27,000 Cybertrucks after discovering a potential safety issue with the rearview camera system. According to a notification filed with the National Highway Traffic Safety Administration (NHTSA), the recall affects about 27,185 Cybertrucks manufactured between Nov. 13, 2023, and Sept. 14, 2024. The issue, as reported by Tesla, arises under specific […]
10/07/2024
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By Ramon Tomey
Bank of America outage leaves customers with ZERO BALANCE in their accounts
An outage that hit Bank of America (BofA) has left customers with zero balance in their accounts. According to the National Pulse, an “unknown number” of BofA account holders experienced the glitch on Oct. 2. Thousands of customers reported being unable to access their bank accounts, while those who were able to do so found […]
10/07/2024
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By Zoey Sky
Bank of Canada cancels plans to develop a digital currency
The Bank of Canada (BOC) has announced that it is scrapping its plans to implement a “digital dollar” or central bank digital currency (CBDC). Officials from Canada’s central bank said a digital currency, also called the electronic Loonie, will no longer be considered after years of planning. Earlier reports revealed that most Canadians were not […]
09/09/2024
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By Ethan Huff
CBDCs will allow police to collect, store personal data for surveillance state, IMF paper reveals
The International Monetary Fund (IMF) published a report recently that warns about the very serious privacy risks associated with central bank digital currencies (CBDCs). According to the paper, entitled “Central Bank Digital Currency Data Use and Privacy Protection,” any central bank can use its CBDC system to collect all sorts of private information about users. […]
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