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- New Spider-Man film sees second-best global opening weekend ever
The film's strong performance gives a much-needed boost for Disney ahead of the highly-anticipated release of Avengers: Doomsday. [TheTopNews] Read More.3 hours ago - US and Japan jointly intervene to prop up yen in rare moveBoth countries have said that they will not hesitate to conduct joint interventions in the future. [TheTopNews] Read More.3 hours ago
- Myspace seeking a revival as its owners plan comeback effort for once-popular so...
Myspace could soon make a comeback after nearly two decades on the decline, as its owners seek a fresh start to compete with the current social media giants.The owners of the once-popular social media platform, brothers Tim and Chris Vanderhook, announced plans to relaunch MySpace with a new vision.The brothers said they want to create a platform that feels different from current social media platforms, which many users complain are too focused on algorithms and are designed to encourage endless scrolling.The Vanderhooks said in a new documentary, "Myspace," that they "built an entirely new Myspace," but it did not work out.META EMPLOYEES SUE ON ALLEGATIONS COMPANY USED AI TO TARGET WORKERS ON MEDICAL, PARENTAL LEAVE FOR LAYOFFS"We really tried to modernize it, but it was a different company at that point. It wasn’t the same Myspace," Tim explained in the documentary.Chris added, "By that time, they had been through four other sets of management and CEOs. We were going to be the fifth ones, and I think that there were a lot of the people who were really just done."The two now plan to relaunch the platform at some point, but a target date has not yet been set."And if that one doesn’t work, we’ll do it again," Tim said.FOUR STATES SEEKING $1.4 TRILLION IN PENALTIES IN CHILD SOCIAL MEDIA ADDICTION TRIAL, META SAYSTom Anderson, Myspace's co-founder and everyone’s automatic first friend, sold the company in 2005 and is not expected to be involved in the Vanderhooks' upcoming initiative.MySpace first launched in 2003, becoming one of the biggest social networking websites in the world, known for customizable profiles, music features and a "Top Friends" list before Facebook eventually surpassed it as the top social media application.Between 2005 and 2008, Myspace was considered the most popular social media website. MySpace and Facebook would both attract roughly 115 million visitors per month in 2008, but Facebook surpassed MySpace in global website traffic around that time and overtook Myspace in unique U.S. visitors in 2009, taking control of Myspace's most important demographic.GET FOX BUSINESS ON THE GO BY CLICKING HEREFacebook never looked back, as its growth in the next few years was too much for MySpace to overcome, capped off by a max exodus in 2010.Myspace can still be accessed, but it is nowhere near what it once was. Tom Anderson is also still accessible, but he has not posted on the platform in… [TheTopNews] Read More.4 hours ago - Almost £200,000 of fuel stolen from UK forecourts every day since Iran war bega...Incidents of fuel being taken without payment have risen by a fifth in five months, according to industry analysis. [TheTopNews] Read More.4 hours ago
- Coldcard wallet attack drains at least $70M in Bitcoin from 1,200 addresses: rep...Owners of a popular bitcoin storage device are being urged to protect their cryptocurrency after security researchers said a software flaw may have allowed attackers to steal roughly $70 million worth of bitcoin in less than an hour.Forbes first reported the attacks, which researchers at Galaxy Research say drained more than 1,000 bitcoin from 1,196 digital wallets in just 41 minutes on July 30.Galaxy later identified two additional suspected waves of suspicious activity, bringing the estimated losses to nearly $89 million.CRASHSTEALER MAC MALWARE STEALS PASSWORDS AND WALLETSThe firm cautioned that its findings are based on blockchain analysis and that it has not confirmed every affected wallet was created using the vulnerable software.The issue involves Coldcard, a handheld device many cryptocurrency investors use to store bitcoin offline instead of leaving it on a cryptocurrency exchange. Often called a "hardware wallet," the device is designed to keep hackers from accessing a user's bitcoin over the internet.According to a security advisory from Block's Bitcoin Engineering and Security team, a coding mistake in certain versions of Coldcard may have weakened one of the wallet's key security features.PAIDWORK BREACH EXPOSES 23M USER RECORDSBlock said the software bug may have made some of those recovery phrases predictable enough for sophisticated attackers to figure them out under certain circumstances, potentially allowing them to steal bitcoin without ever physically touching the wallet.The company said it released its findings because it believes the attacks are still happening, though researchers cautioned they are continuing to study exactly how the vulnerability is being exploited.Canadian company Coinkite, which makes Coldcard, has since released a software update to prevent the problem from affecting newly created wallets.KARR BLUETOOTH FLAW EXPOSES 2.2M CARS TO THEFT RISKHowever, the company warned that simply installing the update will not protect people who already created a recovery phrase using the affected software.Instead, Coinkite is urging those users to create a brand-new recovery phrase using the updated software and move their bitcoin into the newly secured wallet."Updating the firmware does not repair a seed that was generated by affected firmware," the company said in a security advisory. "A new seed must be generated and the funds migrated to the new wallet."Coinkite also warned that moving the same recovery phrase into another wallet does not solve the problem because the weakness follows the recovery phrase itself, not the physical device.Coinkite CEO Rodolfo Novak issued a public apology on X, saying the… [TheTopNews] Read More.5 hours ago
- Coldcard wallet attack drains up to $89M in Bitcoin from 1,200+ addressesOwners of a popular bitcoin storage device are being urged to protect their cryptocurrency after security researchers said a software flaw may have allowed attackers to steal roughly $70 million worth of bitcoin in less than an hour.Forbes first reported the attacks, which researchers at Galaxy Research say drained more than 1,000 bitcoin from 1,196 digital wallets in just 41 minutes on July 30.Galaxy later identified two additional suspected waves of suspicious activity, bringing the estimated losses to nearly $89 million.CRASHSTEALER MAC MALWARE STEALS PASSWORDS AND WALLETSThe firm cautioned that its findings are based on blockchain analysis and that it has not confirmed every affected wallet was created using the vulnerable software.The issue involves Coldcard, a handheld device many cryptocurrency investors use to store bitcoin offline instead of leaving it on a cryptocurrency exchange. Often called a "hardware wallet," the device is designed to keep hackers from accessing a user's bitcoin over the internet.According to a security advisory from Block's Bitcoin Engineering and Security team, a coding mistake in certain versions of Coldcard may have weakened one of the wallet's key security features.PAIDWORK BREACH EXPOSES 23M USER RECORDSBlock said the software bug may have made some of those recovery phrases predictable enough for sophisticated attackers to figure them out under certain circumstances, potentially allowing them to steal bitcoin without ever physically touching the wallet.The company said it released its findings because it believes the attacks are still happening, though researchers cautioned they are continuing to study exactly how the vulnerability is being exploited.Canadian company Coinkite, which makes Coldcard, has since released a software update to prevent the problem from affecting newly created wallets.KARR BLUETOOTH FLAW EXPOSES 2.2M CARS TO THEFT RISKHowever, the company warned that simply installing the update will not protect people who already created a recovery phrase using the affected software.Instead, Coinkite is urging those users to create a brand-new recovery phrase using the updated software and move their bitcoin into the newly secured wallet."Updating the firmware does not repair a seed that was generated by affected firmware," the company said in a security advisory. "A new seed must be generated and the funds migrated to the new wallet."Coinkite also warned that moving the same recovery phrase into another wallet does not solve the problem because the weakness follows the recovery phrase itself, not the physical device.Coinkite CEO Rodolfo Novak issued a public apology on X, saying the… [TheTopNews] Read More.5 hours ago
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