Author: RedWave Media

Cryptocurrency theft surged to $2.2 billion in 2024, a 21% increase from the previous year.According to a Dec. 19 report from Chainalies, this increase is closely tied to the expansion of hacking activity, particularly by North Korea-linked cybercrime groups.Intensification of hacking activityThe cryptocurrency sector saw 303 hacking incidents in 2024, up from 282 in 2023. These attacks resulted in significant losses, with the majority of the funds stolen between January and July ($1.58 billion). This period accounted for 72% of total theft in 2024, reflecting an 84% jump compared to the same period in 2023.Unlike previous years, centralized exchanges have…

The latest stopgap spending bill is loaded with pork and poison pills meant to protect Trump's enemies. Will the government close down for Christmas? This episode also states: Fannie Willis is doing a great job! House to release Gaetz report California declares bird flu emergency

Tianyu Wu/iStock/Getty Images Plus California Governor Gavin Newsom declared a state of emergency after avian influenza A (H5N1), commonly known as avian influenza, was detected in dairy cows in Southern California. The declaration is ostensibly aimed at strengthening state response efforts and increasing coordination among government agencies. However, given the low public health risk associated with the virus and the limited impact on human health and food safety, serious questions have been raised regarding the need for this measure.declarationGovernor Newsom characterized this declaration as a necessary measure to accelerate the state's response and protect public health.”This declaration is…

Embargoed until December 19, 2024 at 9:00 a.m. ETBlockchain security company BlockAid said that fully 59% of crypto tokens introduced this year are “malicious in nature.”The number of nefarious tokens being sold to the public market is tied to the meme coin upswing story that has been consistent throughout this cycle.There are currently 10 meme coins with market caps of $1 billion or more, and this relative success has led to the launch of copycat tokens on chains such as Ethereum, Base, and Solana. Ragpull fraud remains a prevalent threat, accounting for 27% of malicious tokens, Blockaid said.However, it is…

NOW Wallet provides a non-custodial experience with no KYC requirements for transactions between cryptocurrencies. NOW Wallet supports 70+ blockchains, 1,500+ tokens, staking, NFTs, fiat-to-crypto conversion, and dApp integration. This wallet offers secure storage, seamless cross-chain swaps, and user-friendly mobile and desktop apps. As the cryptocurrency landscape continues to evolve, non-custodial wallets are becoming the cornerstone of digital asset management. Leading this trend is NOW Wallet, a feature-packed and intuitive wallet solution for both beginners and experienced crypto users. Introduced in 2021, NOW Wallet is an integral part of the ChangeNOW ecosystem, providing an all-in-one solution for managing cryptocurrencies, staking, NFTs,…

The Polygon community has decided to oppose a proposal to deploy a $1.3 billion stablecoin from a Proof of Stake (PoS) bridge to a yield-generating program on Morpho, an Ethereum-based DeFi platform.The announcement, made on December 17 via Polygon's official social media accounts, highlighted concerns raised by users regarding the lack of consent mechanisms and potential risks to the network.Polygon says:”Given the community's concerns regarding pre-PIP, we believe this proposal is unlikely to move forward. However, this does not mean that innovative or aggressive ideas should not be considered in the future.”Security and ecosystem risksThe proposal, known as the Preliminary…

AP image mike johnson In an early betrayal of the incoming Trump administration and, more importantly, American taxpayers, Republican U.S. House of Representatives Speaker Mike Johnson plans to help pass a 1,500-page continuing resolution on Friday to prevent a government shutdown. be.Vivek Ramaswamy, who will co-pilot President-elect Trump's Government Efficiency Commission with Elon Musk, said the big spending bill will do more than just keep the government running. This would add billions of dollars in new spending and, among other things, raise the salaries of lawmakers by a whopping 40%.And in another clever ploy, there will be a provision…

As 2024 draws to a close, cryptocurrencies are at a tipping point. Bitcoin has surpassed the $100,000 mark, and the digital asset is solidifying its place in investment portfolios of all sizes. But amidst these milestones, an important yet overlooked issue remains: the unique wealth planning challenges of cryptocurrencies and other digital assets.The Coming Crisis: Real Estate Planning in the Digital AgeUnlike traditional assets, cryptocurrencies and digital assets operate outside of established wealth planning frameworks. Their decentralized nature, reliance on private keys, and anonymity make them revolutionary. However, without proper planning, your crypto holdings can be lost forever, become embroiled…

3alexd/iStock/Getty Images Plus On Wednesday, the U.S. Environmental Protection Agency (EPA) announced it has granted a waiver to allow the California Air Resources Board to begin enforcing new regulations that would effectively ban gasoline-powered vehicles in the Golden State by 2035. .In 2020, California first announced its intention to ban the sale of new fossil fuel-powered vehicles by 2035. In 2022, the state passed the state's Advanced Clean Car II (ACC II), which updates tailpipe emissions standards. All vehicles sold in California must have “net-zero” emissions by 2035.The EPA waiver allows California to require 35 percent of new…

AP image Joe Biden's statements Monday after the Madison, Wisconsin, school shooting reveal how out of touch he and his anti-gun policies are with reality.The reality is, as of early Wednesday morning, not much is known. The gunman, Natalie “Samantha” Lupnow, was 15 years old when she took her own life during the attack at Abundant Life Christian School in Madison, Wisconsin. She used a handgun. A teacher and a student were killed, and six others were injured, two of them seriously.She seemed like a pawn in a war between her parents, who married, divorced, and remarried, resulting…