Friday Squid Blogging: Squid Game Cryptocurrency Was a Scam
The Squid Game cryptocurrency was a complete scam:
The SQUID cryptocurrency peaked at a price of $2,861 before plummeting to $0 around 5:40 a.m. ET., according to the website CoinMarketCap. This kind of theft, commonly called a “rug pull” by crypto investors, happens when the creators of the crypto quickly cash out their coins for real money, draining the liquidity pool from the exchange.
I don’t know why anyone would trust an investment—any investment—that you could buy but not sell.
Wired story.
As usual, you can also use this squid post to talk about the security stories in the news that I haven’t covered.
Read my blog posting guidelines here.
vas pup • November 5, 2021 4:19 PM
Gaia-X cloud: A safe haven for Europe’s data?
https://www.dw.com/en/gaia-x-cloud-a-safe-haven-for-europes-data/a-59724779
“Europe’s independent cloud ecosystem
Gaia-X is a Franco-German project idea that was first presented to the public at a European Digital Summit in October 2019. About one year later, the Gaia-X Association (AISBL) was founded as an international nonprofit organization based in Belgium. Its aim is to foster the digital sovereignty of European cloud service users, and promote European values of transparency, openness, data protection and security.”
Many interesting details inside and short good video as well.
Enjoy!