Here's the latest news on daily trends and events impacting the price of Bitcoin, blockchain, decentralized finance, non-fungible tokens, Web 3, and cryptocurrency regulation.
Today, in the crypto world, investigator Taylor Monahan warns of a new fake job offer scam that could inject particularly “bad” malware, MicroStrategy’s Michael Saylor hints at another Bitcoin buyout, and the memecoin ecosystem’s overall market cap fell by about 30% in December, wiping out nearly $40 billion in the process.
Cryptocurrency Hackers Use New Fake Job Scam Method, Release 'Bad' Malware
Cryptocurrency hackers have reportedly discovered a clever new way to trick their victims into downloading “bad” malware — which could give hackers access to the victim’s computer and drain their wallets, or cause other significant damage.
According to blockchain investigator Taylor Monahan, known as Tye on X, the hackers will first pose as a recruiter from a prestigious crypto firm offering their target a salary of between $200,000 and $350,000.
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Screenshot of the message victims receive after clicking the camera and microphone access button. Source: Taylor Monahan
However, instead of luring the target into opening a PDF file containing malware, or getting the victim to download a video calling program disguised as malware, the method involves having the victim follow instructions to fix the microphone and video access issue to inject the malware.
The malware gives attackers backdoor access to victims' devices and drains their crypto funds, Monahan said.
"Eventually they will attack you through whatever means necessary," she added, noting that the malware attacks work on Mac, Windows and Linux operating systems.
Sailor Hints at Another Bitcoin Acquisition
MicroStrategy co-founder Michael Saylor has hinted that the company will acquire more Bitcoin.
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By posting the chart from SaylorTracker to his followers on X.
The company recently completed the purchase of 5,200 bitcoins, at an average price of about $106,000 per coin, and has called a special shareholders meeting in December 2024 to discuss issuing more shares to fund the Bitcoin acquisition.
Source: Michael Sailor
More specifically, MicroStrategy wants to raise the Class A common stock limit from 330 million shares to 10.3 billion shares.
Additionally, the company is seeking to increase the number of preferred shares from 5 million to more than 1 billion shares, which has drawn mixed reactions from the investment community.
Memecoins Lose Momentum After Losing $40 Billion in December
Memecoin's total market cap has fallen by about 30% from its all-time high in December, indicating slowing momentum and demand for meme-based tokens.
CoinMarketCap data shows that on December 1, the total market cap of memecoins stood at $120.14 billion. It rose to $137.06 billion on December 9 before falling to a low of $92.67 billion on December 23. This represents a 32.38% drop in market cap over the month.
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Total market cap of Meme tokens. Source: CoinMarketCap
At the time of writing, the total market cap of memecoins is $98.72 billion, down 18% from its performance at the beginning of the month.$FLUX $ACT $VIB
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