Morning Brief: From Is Bitcoin a Good Investment to Elon Musk’s New AI Company and Crypto Holder Hack for $50,000

Morning Brief: From Is Bitcoin a Good Investment to Elon Musk’s New AI Company and Crypto Holder Hack for $50,000.

17 April 2023
  • Global Crypto Adoption Rising as Bitcoin Breaks $30,000 and Ethereum Hits $2k after Shanghai.

If you ask yourself : “Is Bitcoin a good investment?” Then it is a good sign for you! It’s been a bullish week for the world of cryptocurrency, with top digital currencies experiencing impressive gains. Ethereum‘s successful implementation of the Shanghai upgrade helped to push its native currency, ETH, above $2,000 for the first time this year. Bitcoin also saw bullish gains, breaking the $30,000 mark in an extended surge. Despite some concerning reports of breaches and fraud, positive news on adoption is boosting investor confidence. In fact, charts at the start of the week suggested that Bitcoin was primed for a major breakthrough, with the asset being traded at $28,321 at that time.

  • Elon Musk Reportedly Building new AI Company called X.AI

Breaking news. Elon Musk, the tech genius and vocal fan of Dogecoin, has launched a brand new artificial intelligence company called X.AI Corp. This exciting venture has already approved the sale of 100 million shares and is headed by Musk himself as director and his family office director, Jared Birchall, as secretary. While it’s still unclear what X.AI will specialize in, many speculate that it may become a direct competitor to OpenAI. 

In a surprising turn of events, Elon Musk is not taking on artificial intelligence through Twitter as previously rumored. Instead, he has decided to embark on a brand new, independent project in Nevada. This move pits him against Microsoft’s OpenAI and ChatGPT, indicating he is not one to shy away from a challenge. The future of AI just got even more interesting with this latest update from the tech mogul.

  • Crypto Holder Hacked for $50,000, Blames LastPass for Loss.

LastPass is a password management program that makes storing sensitive information like passwords, login information, and even credit card numbers simpler for users.

The cryptocurrency owner utilized the software to store the private keys to his tokens. He runs the password management program on his Samsung Galaxy smartphone and Windows 7 PC. Two of his wallets were on his smartphone rather than his PC, which uses an antiquated operating system.

It is still unclear which Samsung Galaxy model the cryptocurrency holder used. He claims that there was no spyware on his phone and that the developers of his wallets have verified them as safe. He is confident that LastPass’s vulnerability is quite likely a result of this.

All of the tokens, worth $50,000, were converted to Bitcoin (BTC) using an in-built capability supplied by the wallet provider once the hacker had access to his private keys to his cryptocurrency wallet.But if you think  “Is Bitcoin a good investment?” It is, but be very careful with choosing a crypto wallet for its holding.

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