Tesla Factory Employees to buy bitcoin at work

Tesla Factory Employees Can Buy Bitcoin at Work

Tesla CEO Elon Musk said that multiple reports about the installation of a bitcoin terminal on the territory of his company's Gigafactory in Nevada are untrue.

“I don’t think this is accurate information,” he wrote in a comment on Twitter.

Upon further investigation, it turned out that the company's employees still have the opportunity to buy bitcoin, although not through an independent terminal. Will Reeves, CEO of the startup Fold, was the first to draw attention to the likely presence of the LibertyX bitcoin terminal in the factory building. Reeves' observations gave rise to speculation about Tesla's interest in bitcoin.

Subsequently, a representative of LibertyX, in a conversation with Finbold, explained that they did not install new devices on the territory of the Tesla plant, but its employees, since August, have been able to access the relevant services by installing software on third-party ATMs.

“LibertyX has partnered with two of the largest ATM manufacturers (Genmega and Hyosung) to pre-install bitcoin software on traditional ATMs. When the operator activates this feature, consumers can start buying Bitcoin with debit cards at ATMs across the country. We have already launched on 5,000 terminals and are planning to add support for more than 100,000 over the next years, ”he explained.

Electrum Bitcoin wallet vulnerability topped $ 22 million in two years

The amount of damage from a vulnerability in older versions of the Electrum bitcoin wallet exceeded $ 22 million, according to a ZDNet investigation. Attackers have been exploiting the vulnerability since at least December 2018. It has been used in numerous fraudulent campaigns over the past two years.

ZDNet analysts have discovered several bitcoin wallets used to store assets stolen from users. The last receipts to these wallets are dated September 2020. Also in August, one of the users reported that he had lost 1,400 BTC, or about $ 16 million, by downloading a vulnerable version of the wallet.

The exploit is possible due to the internal workings of Electrum. To process transactions, it connects to the bitcoin blockchain through its own network of servers called ElectrumX. Anyone can install such a server.

Since 2018, cybercriminals have been using Electrum software to launch malicious servers, waiting for unsuspecting users to accidentally connect to them. After that, they display a message on the screen of the cryptocurrency holder stating that he needs to follow the specified link to update the wallet. It usually leads to a domain similar to the official one, or to one of the repositories on GitHub.

IEO Injective Protocol will take place on Binance Launchpad on October 20

Binance cryptocurrency exchange today announced its sixteenth Initial Exchange Offering (IEO) on the Binance Launchpad platform. Like previous similar campaigns, the Injective Protocol (INJ) token sale will be held in a lottery format.

Fixing balances on users' wallets starts on October 13 and will last until October 19. One winning ticket will allow you to receive an allocation of $ 200 (500 INJ). A total of INJ 9 million, or 9% of the total $ 3.6 million issue, is being offered for sale via Binance Launchpad. Tokens will be credited to the accounts of selected investors on October 20.

The Injective Protocol is developing "a universal DeFi layer 2 protocol for cross-chain derivatives trading with support for a variety of financial products, including perpetual swaps, futures and spot trading." To enable cross-chain communication, Injective Protocol uses the Tendermint protocol, which allows it to work with Cosmos, Ethereum, and other Tier 1 chains.

The INJ token will be used to implement several functions, including protocol management, distribution of exchange commissions, provision of derivatives, mining with liquidity and staking.

Binance Coin is up 3% to $ 30 amid today's announcement. It is currently the sixth largest asset in the market and recently surpassed Chainlink in this position.