U.Today – Let's take a look at what news this past weekend brought us with a roundup of the top three stories from U.Today.
Founder launches $1 million challenge for ADA community: Details
In a recent post on X, Cardano founder Charles Hoskinson addressed the ADA community, challenging his members to hack a Lace paper wallet, a new security feature of Cardano’s Web3 wallet, Lace. Hoskinson announced at the recent Rare Evo 2024 that a $1 million USDM bounty is awaiting anyone who can hack and gain control of the Lace Paper Wallet. “If you can hack it; you can keep it! $1 million!” reads the Cardano founder’s post on X. As stated on Lace’s website, thanks to the Paper Wallet feature, users with existing PGP keys can now back up their wallet with a single encrypted QR code. The Lace paper wallet bug bounty program will remain open until the end of 2024, or until someone hacks it.
BlackRock ETF (NYSE:) hits another historic milestone
Nate Geraci, president of ETFStore, recently took to the X platform to highlight the success demonstrated this year by the BlackRock iShares Bitcoin Trust (IBIT). According to Geraci’s post, since IBIT launched in January 2024, it has only seen one day of outflows. The ETFStore president noted that the product has seen as much as $20.5 billion in inflows, describing IBIT as the “best launch of 2024.” “This is exactly what ‘no demand’ looks like,” Geraci wryly added. Last week, Geraci wrote on his X account that BlackRock’s IBIT, Fidelity’s FBTC, Ark Invest’s ARKB, and Bitwise’s BITB are the four most notable Bitcoin ETFs launched in 2024.
'Rich Dad, Poor Dad' author Kiyosaki warns to move money to Bitcoin
Rich Dad, Poor Dad author Robert Kiyosaki continues to support Bitcoin, the largest cryptocurrency, as a crucial component of a diversified investment plan. In his August 18 X post, Kiyosaki reminded his followers how important it is to invest in assets outside the traditional financial system as a way to be prepared for economic uncertainty. The author wrote about two types of “panics”: panic in capital markets and panic in banks. According to Kiyosaki, unlike collapses in stocks, bonds, or real estate that are obvious to most, bank collapses can go completely unnoticed by the public. This hidden risk is only partially mitigated by FDIC insurance, which covers deposits up to $250,000. However, Kiyosaki questions the safety of relying solely on this protection and urges people to consider alternatives such as gold, silver, and Bitcoin.
This article was originally published on U.Today
