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Uber-Style Surge Pricing Introduced For DeFi Token Swaps Through Kyber Network

Kyber stands as a decentralized crypto exchange and has recently launched a new Dynamic Market Maker or DMM. According to Kyber itself, this is a world-first DMM to ever hit the world at large. A Brand New Platform For DeFi The platform itself, which was announced on the 5th of April, 2021, was designed with a few key optimizations in mind, particularly with liquidity providers with extremely high capital efficiency as well as optimizing fees. Now, as for the differences between Kyber’s latest platform and any other old Automated Market Maker (AMM), the big difference comes from the fee generation…

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Bitcoin Rewards Program Lolli Gets Its Hands on $5 Million in New Funding

Lolli – a rewards programs that provides shoppers with bitcoin granted they do business at certain retailers – has closed a $5 million funding round. Lolli Has Gotten a Lot of Money The event took place Wednesday of last week as part of a Pre-Series A funding series. It was led by Alexis Ohanian’s venture capital fund Seven-Seven Six, while figures such as Cody Ko and Casey Neistat – the creators of YouTube – also took part. Further investments came by way of companies such as Night Media, a management company that represents artists such as Mr. Beast. Lolli has…

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BuySellVouchers Indirectly Gives the Opportunity To Shop in the Popular Retail Chains With Bitcoin

It is looking like good times in the retail industry as BuySellVouchers gives a solution that allows users of the platform to shop in the most popular retail chains with cryptocurrency. The innovative solution from one of the leading online marketplaces for digital goods allows shoppers to purchase gift cards of major retail shops using different digital currencies. The emergence of digital currency has practically disrupted the financial system, with its unique features and benefits endearing it to millions of people across the globe. While the retail industry has evolved over the years to embrace innovations that provide customers with…

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Former Uber Security Chief Charged for Bitcoin Hush Money Payment

The United States Department of Justice (DOJ) announced that it had opened a case against Joseph Sullivan, the company’s former Chief Security Officer (CSO), after he allegedly paid hush money to keep details of the 2016 hack secret. Keeping the Hack Details Secret According to the announcement, Sullivan and Uber knew about a 2016 data breach that led to the disclosure of about 600,000 Uber drivers’ information. The hack also affected an estimated 57 million app users, with their private information at risk. However, Sullivan allegedly tried his best to conceal some of the hacker’s details from getting to government…

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Former Uber Exec in Hot Water After Paying $100K in BTC to Hackers

It looks like a former Uber exec is in a spot of trouble. Joseph Sullivan – the former Chief Security Officer at Uber – has been charged with paying more than $100,000 in bitcoin to hide a data breach of the company that occurred in 2016 rather than coming forward and explaining what had happened to the right authorities. Questions Regarding an Uber Exec’s Behavior The attack may have compromised millions of users and drivers. Sullivan has been charged with obstruction of justice and attempting to cover the situation up. He is believed to have hidden the information from the…

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Former Uber CSO Tried To Cover Up 2016 Hack By Paying $100k In Bitcoin To The Hackers

Uber’s former Chief Security Officer is currently at odds with the law after the authorities found out about what he did while working for the ride-hailing company back in 2016. Apparently, Joseph Sullivan decided to not involve the authorities when Uber was hacked and the criminals demanded $100,000 in Bitcoin. The then CSO is alleged to have agreed to pay off the hackers through a fake bug bounty program and made sure that no information went out about the hack. He even went ahead to make the criminals sign an NDA (Non-Disclosure Agreement) to make sure they didn’t reveal anything…

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Ex Uber CSO Charged With Covering Up A Hack With Bitcoin

The ex Uber CSO (Chief Security Officer) Joseph Sullivan, got charged with obstruction of justice for covering up a 2016 hack where he didn’t contact the authorities but decided to pay the hackers in Bitcoin so let’s find out more in the upcoming Bitcoin news today. The US Department of Justice alleged that the ex Uber CSO Sullivan, covered up a 2016 hack on the company that compromised data of millions of users and drives and according to the reports by the DOJ, he paid the hackers a ransom worth $100,000 in Bitcoin. The announcement from the DOJ informed about…

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Uber Exec Denies Bitcoin Hush Money Charges

A spokesman for Joseph Sullivan has denied the charges the Uber exec faces for paying hackers $100K in Bitcoin to cover up a data breach. A spokesperson claims “there is no merit” to allegations against former Uber Chief Security Officer Joseph Sullivan, who is now facing charges of obstruction of justice and misprision of a felony.The Department of Justice (DoJ) alleges Sullivan tried to conceal the theft of private information for roughly 57 million users in a hack of Uber. It accused Sullivan of taking “deliberate steps to conceal, deflect, and mislead” the Federal Trade Commission (FTC) by funneling a…

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Uber Exec Allegedly Concealed 2016 Hack With $100K BTC ‘Bug Bounty’ Pay-Off

A former CSO is accused of trying to conceal Uber’s involvement in a 2016 data breach by paying the hackers $100K in Bitcoin. Joseph Sullivan, a former Chief Security Officer at Uber, allegedly tried to cover up a 2016 hack of sensitive data by funneling a hush money payment of $100,000 in Bitcoin through a bug bounty program.The hackers had obtained the drivers’ license numbers of roughly 600,000 Uber drivers as well as private information for roughly 57 million users.According to an Aug. 20 announcement from the U.S. Department of Justice (DoJ), Sullivan has been charged with obstruction of justice…

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Former Uber security chief arrested for covering up 2016 hack

In addition to obstruction of justice, prosecutors charged Sullivan with failing to share knowledge of a felony. In total, he faces up to eight years in prison if convicted of both charges.  “We expect good corporate citizenship,” said US Attorney David L. Continue reading Former Uber security chief arrested for covering up 2016 hack at E-Crypto News.

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Twitter Promises Additional Security Measures

Twitter will add more security training to prevent a repeat of the hack that hit 130 accounts including celebrities. Twitter vows to add more security training and measures as the fallout from Wednesday’s wide-scale hack on the social platform continues. Twitter said in a statement that it is continuing its investigation into the hack while it looks to provide more company-wide security training against social engineering tactics. This will be in addition to cybersecurity coaching they get during onboarding and ongoing phishing exercises. About 130 accounts were compromised on Wednesday when hackers took over prominent Twitter accounts in a Bitcoin hoax. Those…

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Crypto Twitter Hack Recap: A ‘Wake Up Call’ for Centralized Platforms

The recent high-profile hack of Twitter accounts where 12 BTC was stolen is being investigated, and some exchanges may already know who did it. July 15 will go down as an infamous day for Twitter, as an unknown attacker managed to take control of a number of accounts on the social media platform before duping unwary users into a Bitcoin giveaway hoax.The event grabbed media attention, as some of the world’s most notable companies, politicians and business leaders had their accounts compromised before sharing similar messages touting a Bitcoin (BTC) giveaway that required users to send coins to an address…

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The Twitter Hack Fiasco: Compromised Internal Tool, Paid Insiders, Direct Message Fears

On Wednesday, a large number of Twitter accounts were compromised and the hackers used the accounts to tweet about a bitcoin doubling scam. According to multiple reports, a Twitter employee was paid to give the hackers an internal tool that let them leverage high-profile social media accounts. It was a crazy day in the world of cryptocurrencies, as a massive number of high-profile people and organizations like Bill Gates, Apple, Uber, Barack Obama, Elon Musk, Jeff Bezos, Joe Biden, and many others had their Twitter accounts hijacked. After the incident, a number of armchair sleuths and investigative journalists uncovered a…

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