ကူးယူချက် 🔗
1
00:00:00,080 --> 00:00:06,080
Welcome to another episode of Bitcoin & AI Data
Centers, the podcast where we dive deep into
2
00:00:06,080 --> 00:00:12,287
all things data centers, artificial
intelligence, and, of course, Bitcoin and
3
00:00:12,287 --> 00:00:13,021
cryptocurrency.
4
00:00:13,021 --> 00:00:18,494
I’m your host, Roni, and today we have an
exciting episode lined up for you.
5
00:00:18,954 --> 00:00:24,894
We’re broadcasting from a secret location in
Wakanda, and who knows, maybe Satoshi Nakamoto
6
00:00:24,954 --> 00:00:26,094
is listening in!
7
00:00:29,219 --> 00:00:35,699
Today, we’re kicking things off with a look at
Bitcoin as it braces for a key speech by
8
00:00:35,699 --> 00:00:38,199
Federal Reserve Chair Jerome Powell.
9
00:00:38,979 --> 00:00:45,054
Bitcoin has been circling around intraday highs
as markets prepare for this week’s crucial
10
00:00:45,195 --> 00:00:51,214
macroeconomic event—the United States Federal
Reserve’s Jackson Hole annual symposium.
11
00:00:51,914 --> 00:00:58,140
Scheduled for 10 AM Eastern Time, Powell’s
address is highly anticipated by traders who
12
00:00:58,140 --> 00:01:01,199
are searching for signals on financial policy
easing.
13
00:01:02,299 --> 00:01:08,775
Data from Cointelegraph Markets Pro and
TradingView shows that Bitcoin has returned to
14
00:01:08,775 --> 00:01:13,674
the $61,000 level in the hours leading up to
Powell’s speech.
15
00:01:14,135 --> 00:01:20,579
The market is currently pricing in a 100
percent chance of interest rate cuts, which is
16
00:01:20,579 --> 00:01:23,959
a bullish event for both the crypto market and
other risk assets.
17
00:01:24,900 --> 00:01:30,259
The big question right now seems to be not
whether the Federal Reserve will cut rates, but
18
00:01:30,259 --> 00:01:31,239
by how much.
19
00:01:32,180 --> 00:01:35,239
Will it be 25 or 50 basis points in September?
20
00:01:36,534 --> 00:01:42,854
The latest data from CME Group’s FedWatch Tool
suggests that the odds are in favor of a
21
00:01:42,854 --> 00:01:45,994
smaller 0.25 percent rate cut.
22
00:01:46,375 --> 00:01:51,034
However, some analysts believe that Powell may
not reveal anything surprising.
23
00:01:52,319 --> 00:01:57,359
Lou Crandall, a former Federal Reserve
official, mentioned that while the base case
24
00:01:57,359 --> 00:02:03,040
for a quarter-point rate cut is likely, he does
not think the Federal Reserve will feel the
25
00:02:03,040 --> 00:02:05,700
need to provide guidance this far out.
26
00:02:06,694 --> 00:02:11,754
It is important to note that while rate cuts
can be a catalyst for risk-asset liquidity,
27
00:02:12,294 --> 00:02:16,074
they do not guarantee an immediate Bitcoin
price reaction.
28
00:02:16,935 --> 00:02:22,240
Historical data shows that during the Federal
Reserve’s last rate-cutting cycle in 2019,
29
00:02:23,500 --> 00:02:26,400
Bitcoin’s price actually saw a slight decline.
30
00:02:27,580 --> 00:02:33,099
It took the COVID-19 pandemic and the
subsequent cross-market crash to spark a bull
31
00:02:33,099 --> 00:02:36,955
market fueled by zero interest rates and money
printing.
32
00:02:38,294 --> 00:02:44,935
Currently, Bitcoin is still ranging within an
increasingly narrow zone, with $62,000 acting
33
00:02:44,935 --> 00:02:45,995
as key resistance.
34
00:02:46,860 --> 00:02:51,980
Monitoring resource CoinGlass shows that there
is an additional block of ask liquidity at
35
00:02:51,980 --> 00:02:57,840
$61,435, which is keeping the price relatively
flat.
36
00:02:59,194 --> 00:03:05,754
According to the pseudonymous creator of
onchain analytics resource Checkonchain, known
37
00:03:05,754 --> 00:03:11,435
as Checkmate, this is not what an
over-leveraged, long-biased, degenerate Bitcoin
38
00:03:11,435 --> 00:03:12,574
market looks like.
39
00:03:13,090 --> 00:03:18,550
On four-hour timeframes, traders have noted
that Bitcoin is trying to overcome resistance
40
00:03:18,610 --> 00:03:21,830
in the form of the 200-period simple moving
average.
41
00:03:23,409 --> 00:03:29,694
Popular trader Elja has forecasted that a close
above this level could push Bitcoin to $64,000
42
00:03:30,715 --> 00:03:31,375
to $65,000.
43
00:03:33,754 --> 00:03:38,175
However, if it gets rejected, we might see some
consolidation instead.
44
00:03:39,490 --> 00:03:42,389
That wraps up the first segment of today’s
episode.
45
00:03:43,090 --> 00:03:49,750
We’ve got a lot more to cover, including rising
Bitcoin transaction fees, decentralized naming,
46
00:03:50,210 --> 00:03:53,030
and even some news from El Salvador and China.
47
00:03:53,889 --> 00:03:55,354
So, stay tuned!
48
00:03:56,534 --> 00:04:02,615
In a staggering turn of events, Bitcoin
transaction fees surged by nearly 940 percent
49
00:04:02,615 --> 00:04:07,914
on August 22, reflecting heightened network
demand and increased pressure on users.
50
00:04:09,110 --> 00:04:18,730
The average Bitcoin transaction fee skyrocketed
from $0.74 to $7.679 per transaction, primarily
51
00:04:18,870 --> 00:04:20,569
driven by this increased demand.
52
00:04:21,845 --> 00:04:28,745
Since July, average Bitcoin transaction fees
have remained relatively stable, comfortably
53
00:04:28,805 --> 00:04:30,824
trending under the $2 mark.
54
00:04:31,764 --> 00:04:37,839
Just a few days earlier, on August 18, the fees
reached historic lows of $0.558.
55
00:04:40,139 --> 00:04:45,740
While low fees are beneficial for the general
public looking to transfer Bitcoin, they can
56
00:04:45,740 --> 00:04:48,000
negatively impact miner revenue.
57
00:04:49,045 --> 00:04:55,205
The Bitcoin network charges a fee on every
Bitcoin transfer to pay miners for
58
00:04:55,205 --> 00:04:56,665
authenticating transactions.
59
00:04:57,444 --> 00:05:03,125
However, the demand for network bandwidth
directly impacts the fees required to send or
60
00:05:03,125 --> 00:05:04,025
receive Bitcoin.
61
00:05:05,290 --> 00:05:11,790
According to data from Blockchain.com and
YCharts, Bitcoin transaction fees
Load full transcript
shot up by
62
00:05:11,930 --> 00:05:21,214
937.7 percent to $7.679 on August 22, adding
significant pressure on investors.
63
00:05:21,675 --> 00:05:26,495
Many members of the crypto community ended up
paying excessive fees as a result.
64
00:05:26,875 --> 00:05:32,095
The pseudonymous Bitcoin developer Mononaut
reported one particularly egregious example:
65
00:05:32,789 --> 00:05:39,289
During a period of peak demand, a user had to
pay 0.5 Bitcoin in fees to consolidate 0.55
66
00:05:39,909 --> 00:05:40,409
Bitcoin.
67
00:05:41,750 --> 00:05:43,849
However, there is some good news.
68
00:05:44,229 --> 00:05:51,074
As of August 23, mempool data suggests that
average Bitcoin transaction fees have come down
69
00:05:51,074 --> 00:05:55,095
to $0.34, providing some relief to users.
70
00:05:55,795 --> 00:06:01,100
This rapid fluctuation in transaction fees
highlights the volatile nature of the Bitcoin
71
00:06:01,100 --> 00:06:03,600
network, especially during periods of high
demand.
72
00:06:04,779 --> 00:06:09,979
A recent report from data analytics firm
CryptoQuant suggests that Bitcoin demand has
73
00:06:09,979 --> 00:06:16,774
dropped from a 30-day growth of 496,000 Bitcoin
in April to a current negative growth of 25,000
74
00:06:17,235 --> 00:06:17,735
Bitcoin.
75
00:06:18,115 --> 00:06:23,475
The slowdown in demand appears to have been
pushed by a decline in purchases by spot
76
00:06:23,475 --> 00:06:30,290
Bitcoin exchange-traded funds in the United
States, which fell from 12,000 Bitcoin in March
77
00:06:30,430 --> 00:06:35,410
to an average of 1,300 Bitcoin between August
11 and 17.
78
00:06:37,069 --> 00:06:43,264
On a related note, investment firm VanEck
believes that Bitcoin miners could generate
79
00:06:43,264 --> 00:06:49,824
around $13.9 billion in additional yearly
revenue if they partially transition to
80
00:06:49,824 --> 00:06:55,125
providing energy to the artificial intelligence
and high-performance computing sector by 2027.
81
00:06:56,329 --> 00:07:00,329
This could offer a new revenue stream for
miners, especially during periods of low
82
00:07:00,329 --> 00:07:01,389
transaction fees.
83
00:07:02,649 --> 00:07:06,990
That wraps up this segment on the recent surge
in Bitcoin transaction fees.
84
00:07:07,610 --> 00:07:12,564
Next, we’ll dive into how decentralized naming
could potentially bring the next billion users
85
00:07:12,564 --> 00:07:13,144
to Bitcoin.
86
00:07:14,485 --> 00:07:15,225
Stay tuned!
87
00:07:16,564 --> 00:07:22,169
El Salvador, the first nation to adopt Bitcoin
as legal tender, has continued to aggressively
88
00:07:22,310 --> 00:07:23,610
accumulate the cryptocurrency.
89
00:07:24,629 --> 00:07:30,550
According to recent data from blockchain
analytics platform Arkham Intelligence, the
90
00:07:30,550 --> 00:07:36,475
Salvadoran government has been steadily adding
to its Bitcoin reserves, purchasing one Bitcoin
91
00:07:36,475 --> 00:07:38,254
every day since March 16.
92
00:07:39,514 --> 00:07:46,154
The ongoing acquisition has added 162 Bitcoin
to the country’s holdings, bringing its total
93
00:07:46,154 --> 00:07:54,240
to 5,851 Bitcoin valued at roughly $356.4
million at current market prices.
94
00:07:54,779 --> 00:08:00,480
President Nayib Bukele, the architect of El
Salvador’s Bitcoin adoption, has consistently
95
00:08:00,779 --> 00:08:05,754
advocated for cryptocurrency as a means to
economic independence and innovation.
96
00:08:06,615 --> 00:08:12,454
His strategy for the government to make daily
purchases of one Bitcoin highlights his
97
00:08:12,454 --> 00:08:17,354
long-term commitment to integrating Bitcoin
into the nation’s financial framework.
98
00:08:18,759 --> 00:08:26,279
Bukele’s government began the series of
purchases by transferring 5,689 Bitcoin into a
99
00:08:26,279 --> 00:08:35,115
cold storage wallet on March 16, 2024, a move
Bukele referred to as creating the country’s
100
00:08:35,174 --> 00:08:41,894
first “Bitcoin piggy bank.” The purchases have
received both admiration and concern within the
101
00:08:41,894 --> 00:08:43,195
international community.
102
00:08:43,815 --> 00:08:49,529
Supporters hail Bukele’s bold approach as a
visionary step toward financial sovereignty,
103
00:08:49,990 --> 00:08:54,409
particularly in a country historically plagued
by economic instability.
104
00:08:55,990 --> 00:09:01,175
According to crypto analyst EmberCN, the
Salvadoran government’s current floating profit
105
00:09:01,175 --> 00:09:09,175
of approximately $93.45 million, with an
average purchase price of around $44,835 per
106
00:09:09,175 --> 00:09:13,595
Bitcoin, seems to validate Bukele’s strategy in
the short term.
107
00:09:14,629 --> 00:09:19,350
In an effort to address concerns about
transparency, the government has implemented a
108
00:09:19,350 --> 00:09:23,690
mempool space, enabling public auditing of its
Bitcoin holdings.
109
00:09:24,790 --> 00:09:30,434
The initiative is designed to foster trust and
demonstrate accountability in the handling of
110
00:09:30,434 --> 00:09:32,855
public funds tied to cryptocurrency
investments.
111
00:09:34,274 --> 00:09:40,375
In addition to its direct purchases, El
Salvador has also invested in Bitcoin mining
112
00:09:40,434 --> 00:09:44,054
using the country’s abundant volcanic
geothermal energy.
113
00:09:44,680 --> 00:09:52,440
Since 2021, the nation has mined 474 Bitcoin,
worth around $29 million.
114
00:09:52,440 --> 00:09:58,040
This environmentally friendly approach to
Bitcoin mining aligns with Bukele’s vision of
115
00:09:58,040 --> 00:10:04,945
integrating technology and natural resources,
yet it remains a relatively small part of the
116
00:10:04,945 --> 00:10:06,884
country’s broader Bitcoin strategy.
117
00:10:08,384 --> 00:10:12,625
Bukele was sworn in for another five-year
presidential term after a landslide election
118
00:10:12,625 --> 00:10:13,764
victory in February.
119
00:10:15,190 --> 00:10:21,110
Fetch.ai is opening an Innovation Lab
in San
Francisco for early-stage startups working with
120
00:10:21,110 --> 00:10:22,889
artificial intelligence agents.
121
00:10:23,429 --> 00:10:29,445
The new hub, aptly named the Innovation Lab,
will onboard startups that are developing AI
122
00:10:29,445 --> 00:10:36,485
agent solutions — software that uses artificial
intelligence to perform specific tasks or make
123
00:10:36,485 --> 00:10:38,904
decisions for users or other systems.
124
00:10:40,240 --> 00:10:46,799
According to Fetch.ai, it will allocate $10
million in annual funding for projects using
125
00:10:46,799 --> 00:10:49,379
the platform to build AI agents.
126
00:10:50,079 --> 00:10:54,684
Funding will be milestone-based, with a $1
million cap per project.
127
00:10:55,384 --> 00:11:02,985
The autonomous AI agents market is expected to
reach $88.1 billion by 2032, making this
128
00:11:02,985 --> 00:11:06,684
initiative a timely and potentially lucrative
endeavor.
129
00:11:07,960 --> 00:11:13,240
To participate, startups should be in the
initial stages of development, ranging from
130
00:11:13,240 --> 00:11:18,519
ideation to initial product launch, and must be
willing to integrate the platform’s agent
131
00:11:18,519 --> 00:11:19,019
technology.
132
00:11:20,404 --> 00:11:26,404
Ideally, participants should have a working
prototype or minimum viable product tested or
133
00:11:26,404 --> 00:11:27,945
validated in the market.
134
00:11:28,884 --> 00:11:34,460
In addition, startups must be legally
registered entities in the United States and
135
00:11:34,460 --> 00:11:41,019
have a scalable business model or a clear
vision that needs support to refine either the
136
00:11:41,019 --> 00:11:43,120
product or the business model.
137
00:11:44,220 --> 00:11:50,615
In a statement, Humayun Sheikh, CEO of
Fetch.ai, said, “We aim to fund and support
138
00:11:50,615 --> 00:11:55,674
projects that bridge the gap between research
and market, delivering tangible advancements
139
00:11:55,894 --> 00:11:59,514
that revolutionize industries through the power
of AI agents.”
140
00:12:00,774 --> 00:12:07,300
Along with the Innovation Hub, Fetch.ai is
announcing two additional initiatives targeting
141
00:12:07,360 --> 00:12:12,340
the AI community: an internship incubator and
an ambassador program.
142
00:12:13,840 --> 00:12:19,315
The internship seeks candidates with a “strong
interest and basic understanding” of
143
00:12:19,315 --> 00:12:25,014
decentralized technologies, artificial
intelligence, and machine learning.
144
00:12:25,715 --> 00:12:33,899
Proficiency in programming languages such as
Python, Java, or C++ is also desirable.
145
00:12:35,320 --> 00:12:40,620
On another front, ambassadors will be
responsible for cultivating an innovative
146
00:12:40,679 --> 00:12:43,100
environment for new hub projects.
147
00:12:43,720 --> 00:12:50,924
The Ambassador’s Club is expected to host
hackathons, code nights, and workshops on AI
148
00:12:50,924 --> 00:12:51,424
agents.
149
00:12:52,365 --> 00:12:55,824
“Applicants should have experience in community
engagement.
150
00:12:56,524 --> 00:13:02,669
This includes participation in AI-related
forums, meetups, or organizations,” according
151
00:13:02,669 --> 00:13:03,490
to a spokesperson.
152
00:13:05,230 --> 00:13:10,909
The blockchain space has witnessed a surge in
decentralized protocols intersecting with
153
00:13:10,909 --> 00:13:16,245
artificial intelligence technology over the
past few months, with several startups,
154
00:13:16,464 --> 00:13:22,625
including Sahara AI and Story Protocol, raising
millions of dollars to advance projects in this
155
00:13:22,625 --> 00:13:23,684
emerging field.
156
00:13:24,945 --> 00:13:30,970
Bitcoin on-chain and derivatives data are
signaling a wave of market optimism, according
157
00:13:31,029 --> 00:13:32,090
to recent analysis.
158
00:13:32,950 --> 00:13:38,870
Data from CryptoQuant and Deribit reveal
several bullish indicators, suggesting that
159
00:13:38,870 --> 00:13:42,330
traders are positioning themselves for a
continued price increase.
160
00:13:43,705 --> 00:13:45,804
Let's start with on-chain metrics.
161
00:13:46,585 --> 00:13:51,884
Bitcoin exchange reserves on centralized
exchanges have dropped to multi-year lows.
162
00:13:52,424 --> 00:13:57,899
Since the end of July, the amount of Bitcoin
held on these exchanges has fallen from over
163
00:13:57,899 --> 00:14:05,840
2.75 million to around 2.67 million, a three
percent decline in just the past 30 days.
164
00:14:06,300 --> 00:14:11,664
This significant drop in exchange reserves
indicates a weakening of supply-side pressures,
165
00:14:12,205 --> 00:14:14,464
which could support further price appreciation.
166
00:14:14,464 --> 00:14:22,524
CryptoQuant charts also highlight an eleven
percent decrease in Bitcoin supply on
167
00:14:22,524 --> 00:14:25,289
centralized exchanges since the beginning of
the year.
168
00:14:25,509 --> 00:14:32,309
This reduction has occurred alongside a nearly
43 percent increase in Bitcoin's price since
169
00:14:32,309 --> 00:14:32,809
January.
170
00:14:33,750 --> 00:14:38,730
Fewer coins on exchanges generally suggest that
investors are holding onto their Bitcoin,
171
00:14:39,195 --> 00:14:41,375
expecting higher prices in the future.
172
00:14:42,715 --> 00:14:45,295
Now, let's turn to the derivatives market.
173
00:14:45,295 --> 00:14:51,274
SynFutures co-founder Rachel Lin has outlined
several optimistic indicators from the options
174
00:14:51,274 --> 00:14:51,774
market.
175
00:14:52,475 --> 00:14:58,629
For Bitcoin, the highest open interest is on
the $100,000 December expiry call option.
176
00:14:59,570 --> 00:15:03,970
Deribit metrics show that the largest
concentration of options for all upcoming
177
00:15:03,970 --> 00:15:09,815
expiries are calls at $100,000 and $105,000.
178
00:15:09,815 --> 00:15:16,054
Additionally, the top options contract by
trading volume in the past 24 hours is for
179
00:15:16,054 -->
00:15:19,675
end-of-month expiry calls at a strike price of
$75,000.
180
00:15:22,090 --> 00:15:27,950
Rachel Lin also pointed out that Ethereum's
derivatives market is showing similar optimism.
181
00:15:29,050 --> 00:15:36,105
The highest open interest is on the $4,000
strike price September expiry call option,
182
00:15:36,565 --> 00:15:40,985
followed by the $6,000 strike price December
call.
183
00:15:41,365 --> 00:15:48,529
Notably, the top ten open interest for both
Bitcoin and Ethereum are all call options, with
184
00:15:48,529 --> 00:15:50,790
no significant put options in sight.
185
00:15:51,170 --> 00:15:56,070
This lack of put options further underscores
the bullish sentiment among traders.
186
00:15:57,410 --> 00:16:03,764
To sum it up, both on-chain and derivatives
data are painting a picture of market optimism
187
00:16:04,065 --> 00:16:05,605
for Bitcoin and Ethereum.
188
00:16:06,544 --> 00:16:11,924
The drop in exchange reserves, coupled with the
bullish sentiment in the options market,
189
00:16:12,384 --> 00:16:16,245
suggests that traders are gearing up for
potential price increases.
190
00:16:17,240 --> 00:16:23,000
As always, it's important to stay informed and
make well-considered decisions in this highly
191
00:16:23,000 --> 00:16:24,059
volatile market.
192
00:16:25,240 --> 00:16:32,615
In a concerning development for Mac users, the
AMOS malware, also known as Atomic MacOS, has
193
00:16:32,615 --> 00:16:38,154
gained a new capability that allows it to clone
wallet applications and steal cryptocurrency
194
00:16:38,615 --> 00:16:39,355
from users.
195
00:16:39,815 --> 00:16:45,080
According to an August 5th report from
cybersecurity firm Moonlock Lab, the program
196
00:16:45,080 --> 00:16:50,440
has been experiencing a resurgence, as it was
spotted being advertised through Google
197
00:16:50,440 --> 00:16:50,940
Adsense.
198
00:16:51,800 --> 00:16:57,340
In these advertisements, the malware
masqueraded as popular MacOS programs,
199
00:16:57,884 --> 00:17:05,724
including screen-sharing app Loom, user
interface design tool Figma, VPN TunnelBlick,
200
00:17:05,724 --> 00:17:07,984
and instant messaging app Callzy.
201
00:17:08,924 --> 00:17:13,505
None of the developers of these apps authorized
the fake AMOS malware versions.
202
00:17:14,900 --> 00:17:20,019
Moonlock researchers discovered the malware
when they encountered a version that pretended
203
00:17:20,019 --> 00:17:20,920
to be Loom.
204
00:17:21,700 --> 00:17:27,605
Clicking the advertisement redirected them to
smokecoffeeshop.com, which then redirected them
205
00:17:27,605 --> 00:17:30,105
again to a fake version of the Loom website.
206
00:17:31,044 --> 00:17:34,265
The fake version looked exactly like the real
one.
207
00:17:34,484 --> 00:17:40,390
However, when a user clicked the “Get Loom for
free” button, instead of downloading the
208
00:17:40,390 --> 00:17:46,090
legitimate Loom program, it downloaded a
complex version of the AMOS stealer.
209
00:17:47,509 --> 00:17:49,529
AMOS is not a new program.
210
00:17:50,710 --> 00:17:55,865
Cybersecurity firm Cyble reported its existence
as early as April 2023.
211
00:17:57,525 --> 00:18:03,045
According to Cyble, the program was being sold
to cyber criminals on Telegram as a
212
00:18:03,045 --> 00:18:06,025
subscription service for $1,000 per month.
213
00:18:06,519 --> 00:18:12,460
At the time, it was capable of targeting over
50 different crypto wallets, including
214
00:18:13,079 --> 00:18:20,940
Electrum, MetaMask, Coinbase, Binance, Exodus,
Atomic, Coinomi, and others.
215
00:18:21,724 --> 00:18:27,505
When the program found any of these wallets on
a user’s computer, it stole the wallet’s data,
216
00:18:27,805 --> 00:18:32,464
implying that the user’s encrypted keyvault
file was likely snatched by AMOS.
217
00:18:33,805 --> 00:18:39,650
Moonlock claimed that the software has now been
upgraded, as they found a version that has a
218
00:18:39,650 --> 00:18:40,630
novel capability.
219
00:18:41,970 --> 00:18:48,850
AMOS can now replace a specific crypto wallet
application with a clone and easily wipe out
220
00:18:48,850 --> 00:18:51,044
victims’ e-wallets.
221
00:18:51,044 --> 00:18:57,065
Specifically, it can clone the Ledger Live
software used by Ledger hardware wallet owners.
222
00:18:58,085 --> 00:19:03,944
Moonlock emphasized that this capability has
never been reported in a version of AMOS before
223
00:19:03,990 --> 00:19:08,089
and represents a significant leap forward for
the malicious program.
224
00:19:09,269 --> 00:19:14,890
Ledger devices store their private keys on
hardware devices, out of the reach of malware
225
00:19:15,190 --> 00:19:21,164
installed on a personal computer, and users
have to confirm each transaction on the device.
226
00:19:22,265 --> 00:19:26,525
This makes it difficult for malware to steal
crypto from Ledger users.
227
00:19:27,464 --> 00:19:32,830
However, the attacker's intention in cloning
Ledger Live may be to display deceptive
228
00:19:32,890 --> 00:19:38,330
information on the user’s screen, causing them
to mistakenly send their crypto to the
229
00:19:38,330 --> 00:19:38,830
attacker.
230
00:19:40,170 --> 00:19:46,255
Even more troubling than the ability to clone
Ledger Live, the report notes that future
231
00:19:46,255 --> 00:19:50,835
versions of the software may be able to clone
other applications.
232
00:19:51,934 --> 00:19:57,394
This could potentially include software wallets
like MetaMask and Trust Wallet.
233
00:19:58,240 --> 00:20:06,000
If this new version of AMOS can replace Ledger
Live with a fake malicious clone, Moonlock
234
00:20:06,000 --> 00:20:08,899
suggests it could do the same with other apps.
235
00:20:09,759 --> 00:20:14,924
Software wallets display all their information
directly on the personal computer monitor,
236
00:20:15,705 --> 00:20:18,525
making deceptive displays even more dangerous.
237
00:20:19,945 --> 00:20:25,650
Moonlock claimed to have traced the software to
a developer called “Crazy Evil,” which
238
00:20:25,650 --> 00:20:27,750
advertises itself on Telegram.
239
00:20:28,609 --> 00:20:34,450
The group allegedly posted a recruitment ad
boasting of the AMOS software’s ability to
240
00:20:34,450 --> 00:20:35,750
clone Ledger Live.
241
00:20:36,609 --> 00:20:43,755
Users who run crypto wallet software on a Mac
should be aware that AMOS is specifically
242
00:20:43,974 --> 00:20:45,994
targeting people like them.
243
00:20:47,174 --> 00:20:53,734
This malware is generally distributed through
Google Adsense ads, so they may want to be
244
00:20:53,734 --> 00:20:59,789
extremely careful when considering whether to
download software from a website they found
245
00:20:59,789 --> 00:21:01,970
through a banner or display ad.
246
00:21:02,750 --> 00:21:09,970
It may appear to be Loom, Callzy, or another
popular program, but in fact is a copy of AMOS.
247
00:21:11,335 --> 00:21:17,575
If in doubt about the authenticity of a
website, typing the name of the program into a
248
00:21:17,575 --> 00:21:23,990
search engine and scrolling down to the organic
results is sometimes an effective way of
249
00:21:23,990 --> 00:21:29,509
finding the official website for an app, as
scammers usually do not have the domain
250
00:21:29,509 --> 00:21:35,289
authority to rank at the top of organic results
for an app’s name.
251
00:21:36,230 --> 00:21:43,255
Google uses filters in an attempt to prevent
malware programs from being advertised through
252
00:21:43,255 --> 00:21:47,835
their program, but these filters are not 100
percent effective.
253
00:21:48,855 --> 00:21:52,075
Malware continues to be a serious threat to
crypto users.
254
00:21:53,279 --> 00:21:59,460
On August 16th, cybersecurity firm Check Point
Research discovered a similar “stealer” program
255
00:21:59,680 --> 00:22:06,335
that drained crypto through a method called
“clipping.” On May 13th, Kaspersky Labs
256
00:22:06,335 --> 00:22:11,394
discovered malware called “Durian” that was
used to attack crypto exchanges.
257
00:22:12,894 --> 00:22:16,914
With that, we wrap up today’s episode of
Bitcoin & AI Data Centers.
258
00:22:17,339 --> 00:22:22,059
We’ve covered a range of topics today, from
Bitcoin's market movements to the latest in
259
00:22:22,059 --> 00:22:25,039
cybersecurity threats targeting the crypto
community.
260
00:22:25,900 --> 00:22:28,559
As always, stay vigilant and informed.
261
00:22:29,267 --> 00:22:32,887
This is Roni, signing off from our secret
location in Wakanda.
262
00:22:33,586 --> 00:22:36,807
Until next time, stay safe and keep your crypto
secure.