Lifeboat Foundation

Hackers so far are focusing on decentralized finance (DeFi) projects to steal crypto this year, a new report found, a reversal from 2021 when they used scams and online fraud for most of their exploits.

So far, investors have lost over $1.22 billion to hackers in the first three months of the year, nearly eight times more than the $154 million lost in the first quarter of 2021, according to crypto security firm Immunefi. Ninety-nine percent of those losses were from software exploits, the report found, specifically the hacks against Wormhole and Ronin.

This is not an anomaly, experts warn. It’s likely this kind of nefarious activity will become more common, while scamming of investors could wane.

As an investor in emerging technology and a nascent observer of Web3, I’ve spent some time researching this phenomena that has brought many skeptics to the fore, in the midst of whales, and dare I say, a handful Crypto and NFT Kool-Aid drinkers, who have amassed fortunes in the process.

I get that the current web needs some serious fixing. If anything, Web2 has continued to tighten and centralize more control in the hands of Big Tech, governments, and financial institutions. The publishing industry is dying as FB and Google have all but severed the revenue streams for the Guardian, now Buzzfeed and New York Times, relegating these once-giants to plead for monthly donations to stay afloat.

The mortgage crash of 2008 gave rise to Bitcoin, with the promise to separate the financial system from the powers of a sovereign nation, effectively democratizing wealth and financial control for each individual on the planet. And while the last decade has seen an explosive growth in Bitcoin valuation, the extreme volatility within its expensive financial system has kept the mainstream at bay.

Innovations in computing tech have improved the accuracy of DNA synthesis and enabled synthetic biology to work in the real world.

I don’t know about you, but I’m constantly looking for the “next big thing” in the stock market. And I think synthetic biology might just be it.

Why? If you invested just $10,000 into any of those world-changing stocks back in their early days, you’d have MILLIONS today. Forget the Iraq War, the housing crash, the European debt crisis. Forget the pandemic and the Russia-Ukraine war. Through it all, you’d have millions today.

Continue reading “The Biggest Revolution Since the Computer Is Here — Synthetic Biology 🧫” »

A U.S. astronaut and two Russian cosmonauts safely landed in Kazakhstan after leaving the International Space Station aboard the same capsule despite heightened antagonism between Moscow and Washington over the conflict in Ukraine.

#Space #RussianCosmonauts #USastronaut #News #Reuters.

Continue reading “U.S. & Russian crew return to Earth from ISS” »

US home prices have soared to new heights and they keep on climbing, and some researchers and economists say they have seen signs of a housing bubble brewing.

Home prices are rising faster than market forces would indicate they should and are becoming “unhinged from fundamentals,” according to a new blog post written by researchers and economists at the Federal Reserve Bank of Dallas.

Until recently, the possibility of a bubble wasn’t widely supported. But after looking at housing markets across the US, the Fed researchers said new evidence is emerging.

WASHINGTON — Small launch vehicle company Virgin Orbit says it sees opportunities not just in satellite launch but also in hypersonics as it looks to increase its revenue.

In its first financial results since going public in December after a merger with a special purpose acquisition corporation (SPAC), Virgin Orbit announced March 29 a net loss of $157.3 million for 2021 on $7.4 million in revenue. That compared to a net loss of $121.6 million on $3.8 million in revenue in 2020.

Despite the significant loss, the company emphasized in an earnings call the increase in revenue, primarily from two LauncherOne missions conducted in 2021, as well as a slight improvement in adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA). Virgin Orbit reported an adjusted EBITDA of –$140.4 million in 2021 versus –$157.5 million in 2020.

You’ve probably received this message already — just don’t open it. Details:

Facebook Messenger users have been told to ignore a four-letter message that could lead to disastrous financial consequences or stolen personal information.

Scammers use the instant messaging platform to send out a four-word “look what I found …” message, and a link from compromised accounts. These message also include emojis as well, 7News reports.

Continue reading “4-word Facebook message you must ignore” »

American Robotics CEO Reese Mozer has no beef with drone deliveries, but he thinks all the hoopla surrounding aerial transport of burgers and burritos is drowning out news about farther-reaching UAV activities that are dramatically changing the way businesses operate. He tells DroneDJ about that transformative innovation, and how American Robotics’s (AR) leading role in the complete automation of critical drone services to industry is set to take wing.

Nevertheless, Mozer adds, that action manages to generate sufficient media and public excitement to divert attention from the more complex, vital, and – in total financial terms – valuable surveying and inspection services drone automation provides heavy industry, energy, railroad, and infrastructure operators. And that’s precisely the UAV sector activity he predicts will begin taking off and turning heads this year.

USPS has been criticized for not ordering more EVs.

The United States Postal Service announced its initial order of 50,000 next-generation delivery vehicles, 10,019 of which will be battery-electric vehicles. It’s a notable number considering the agency’s resistance to calls for increasing the number of EVs in its future delivery fleet.

Originally, the postal service said it would purchase 165,000 next-generation mail trucks, only 10 percent of which will be battery-electric vehicles. President Joe Biden and congressional Democrats urged the agency to increase the number of EVs, but USPS determined there was no legal reason to change its plans.

Continue reading “USPS is doubling its initial order of electric mail delivery trucks” »