Shaw Walters, founder of Eliza Labs, confirmed over the weekend that his X (formerly Twitter) account had been hacked. Users reported that the account was posting fraudulent scam links. Walters, who maintains strong security measures including two-factor authentication and a password manager, expressed frustration over the incident.
“I woke up to a flood of DMs saying my account was hacked. My wife managed to log in, delete the posts, and disconnect accounts while I was asleep,” Walters explained. “It was clearly a well-planned and targeted attack.” Walters apologized to anyone who may have lost funds due to the scam links and stressed the importance of caution in the space.
Eliza Labs, the developer behind the Eliza open-source AI agent framework and its native token AI16Z, quickly warned its followers not to interact with any fraudulent links posted from Walters’ compromised account.
World ID Orb Verifications Now Available in the Philippines
World, formerly known as Worldcoin, has launched its Orb verifications in the Philippines, starting with select areas near Manila. The company highlighted the country’s young, digitally-savvy population and its global leadership in social media usage as ideal conditions for World’s services.
The launch in the Philippines comes at a time when many Filipinos are embracing emerging technologies like artificial intelligence, with 86% of Filipino knowledge workers reportedly integrating AI into their work. World ID verifications are currently available in parts of Bulacan, with plans to expand nationwide. Earlier this month, World also launched its ID verification service in Jakarta, Indonesia.
Boyaa Interactive Predicts Profits Surge on Bitcoin Gains
Chinese gaming company Boyaa Interactive expects a dramatic profit increase of 640% to 680% in 2024, largely driven by gains from its Bitcoin holdings. The firm announced the forecast in a Feb. 16 filing, attributing the surge to “digital asset value-added gains” and the continued improvement of its gaming operations. Boyaa also projects a 15% to 20% increase in revenue compared to 2023.
As of late November 2023, Boyaa held 3,183 BTC—worth around $306 million at current prices—making it the largest corporate Bitcoin holder in Asia. Despite a 15% decline in stock prices this year, the company has seen its shares surge more than 600% compared to last year.
Coinbase Sets Sights on Challenging Tether with USDC
Coinbase CEO Brian Armstrong revealed during the company’s earnings call that the exchange aims to challenge Tether’s dominance in the stablecoin market, with the goal of making USDC the number one stablecoin. However, Armstrong acknowledged that this would be an ambitious “stretch goal.” Currently, Tether’s USDT holds 61% of the $234 billion stablecoin market, while USDC’s market share is around 24%.
Armstrong also expressed confidence that up to 10% of global GDP could run on cryptocurrency rails by the end of the decade, underscoring his long-term vision for the sector.
Other News:
PlanB Moves Bitcoin into ETFs: Popular Bitcoin analyst and creator of the stock-to-flow model, PlanB, caused a stir over the weekend when he revealed he had moved his Bitcoin holdings into exchange-traded funds (ETFs) for “peace of mind.” Bitcoin pioneer Samson Mow speculated that this might be a move to reduce exposure to physical Bitcoin holdings and protect against potential attacks.
Argentine President Faces Fraud Charges: Argentine President Javier Milei is reportedly under investigation for fraud in connection with a failed cryptocurrency project called LIBRA, which has been labeled an insider scam. Milei’s endorsement of the project has led to legal scrutiny.
The weekend brought a mix of highs and lows across the crypto and tech sectors, with hacks, regulatory challenges, and notable market movements shaping the landscape.
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