A new digital attack has occurred in the crypto sphere: Solana, the well known blockchain popular for its speedy transactions, has been hit by a significant hack attack which has affected only “hot” wallets or wallets always connected to the Internet, allowing people to store and send tokens easily. 

Crypto analyst @0xfoobar confirmed that “the attacker is stealing both native tokens (SOL) and SPL tokens (USDC) affecting wallets that have been inactive for less than 6 months.”

The attack has compromised wallets like Trust Wallet, Phantom and Slope Wallets drained should be treated as compromised and abandoned, Solana warned as it encouraged users to switch to hardware or “cold” wallets.

The cause of the attack remains unclear at this time: @0xfoobar added that “it’s likely something has caused widespread private key compromise”, and warned that revoking wallet approvals will probably not help.

Solana has released no official statements. However, its Twitter status confirms that the company’s engineers “are currently working with multiple security researchers and ecosystem teams to identify the root cause of the exploit…”.

Source https://techcrunch.com/2022/08/03/solana-wallet-hack/

Luigi Taraborrelli, a 20-years experience employee of the Italian carmaker Lamborghini, seems to be hired by Apple Inc. to help lead the design of Apple’s future vehicle, according to people with knowledge who asked not to be identified as the matter is not public. 

Taraborrelli worked for the Italian brand on models such as the Urus, Huracan and Aventador, in addition to more limited models like the Huracan Sterrato off-road vehicle and Asterion concept car. He oversaw Lamborghini’s chassis development, as well as areas such as handling, suspensions, steering, brakes and rims, according to his LinkedIn profile.

Despite of rumors an Apple’s spokeswoman declined any comments on the cooperation. 

Apple has great ambitions when it comes to electric and AI system-based cars; the company is aiming to introduce a self-driven vehicle by the 2025 and which will engage riders to experience a face-to-face drive in a limousine -like interior auto with no steering wheels or pedals, relying instead on a fully autonomous technology. 

Apple’s so-called Project Titan, perhaps the worst kept secret in Silicon Valley, has had its ups and downs since launching in 2014. The project has been repeatedly delayed and the company even reduced the team’s size at one point.

Many industries watchers doubt about such an ambitious move on its current schedule. 

Earlier this year, Apple tapped a 31-year veteran of Ford Motor Co. to lead its vehicle-safety efforts. Last year, it hired Ulrich Kranz, the former chief of struggling electric-car maker Canoo Inc. and former leader of BMW’s electric-car business. Before that, Apple enlisted former Tesla Inc. Autopilot chief Stuart Bowers to work on self-driving technology. 

The Apple project includes hundreds of former engineers from Tesla and other car companies, including Rivian Automotive Inc., Alphabet Inc.’s Waymo, Volvo Car AB and Mercedes-Benz Group AG.

Apple and Lamborghini have some history together. In 2020, the carmaker released an Apple-based augmented reality feature to help people preview the Huracan EVO RWD Spyder. At the time, Apple’s head of marketing said the company “cares deeply” about Lamborghini.

Source: Report from Bloomberg and Tech Crunch

Despite of loss signs of the recent weeks July closed up with Bitcoin up to almost 17%, but analysts are now focused on how long the bullish trend can last. In recent week BTC seemed to suffer even harder on the back of June’s 40% loss. The question among the analysts is now if and how long the gain may continue: different perspectives are now in place. The popular trader and analyst Josh Rager says: “After monthly closed above 2017 all-time high from last cycle, price is slowly climbing up. Looks good so far and even if this is a ‘bear market,’ I’m happy to buy dips right now.” Others are more cautious, like trader and analyst Crypto Tony, who noted that the recent local highs just above $24,000 were still acting as unchallenged resistance on the day.

According to Cointelegraph major market triggers must be looked at. In short time frames, United States equities survived last month’s Federal Reserve-induced volatility to end July on a high. As Cointelegraph previously reported, calls for an extended rally in stocks are increasing, something which could only be good news for highly-correlated crypto markets. Analyzing the state of commodities, meanwhile, popular Twitter account Game of Trades predicted that oil would soon lose ground and that this would have a conspicuous impact on U.S. inflation. Currently at more than forty-year highs, the Consumer Price Index (CPI) is responsible for the Fed rate hikes pressuring risk assets across the board. An about turn in inflation and thus Fed policy could thus swiftly turn the tables. 

RSI measures how overbought or oversold BTC/USD is at a certain price, and since May has seen its lowest readings on record. Despite suggesting that Bitcoin is trading wildly lower than its fair value, RSI has yet to regain the “bullish momentum” that characterized the run past $20,000 and beyond at the end of 2020. In April 2021, Bitcoin hit $58,000 before halving in price by the end of July.