Latest Obama News

  • Former Director of the National Broadband Task Force Criticizes Anti-Encryption Bills
    Former Director of the National Broadband Task Force Criticizes Anti-Encryption Bills
    A former director of the US National Broadband Task Force criticizes anti-encryption bills that in his opinion hurt the nation’s economy and security. Under president Obama, Anurag Lal served as the director of the National Broadband Task Force.
  • EU Leaders Approve $2.1 Trillion Budget, US Lawmakers Expect Another Round of Covid-19 Relief Money
    EU Leaders Approve $2.1 Trillion Budget, US Lawmakers Expect Another Round of Covid-19 Relief Money
    The world’s bureaucrats have been on a money creation spree and on July 21, the European Union approved an unprecedented $2.1 trillion coronavirus relief budget.
  • Defending Bitcoin’s Integrity in the Great Twitter Hack
    Defending Bitcoin’s Integrity in the Great Twitter Hack
    The recent Twitter hack has placed the words “Bitcoin” and “scam” in one headline again, though Bitcoin has nothing to do with it. Bitcoin (BTC) has made global headlines again because of the recent Twitter hack, but this time, we need to work harder to protect Bitcoin’s integrity and the progress the industry has made. The coordinated social engineering attack compromised the Twitter accounts of high-profile figures and organizations like Microsoft co-founder Bill Gates, Tesla founder Elon Musk, Amazon owner Jeff Bezos, former United States President Barack Obama and 2020 US presidential candidate Joe Biden, among many others, to ask for Bitcoin in fake “giveaway” posts. When the story broke, the New York Times, BBC and other mainstream media outlets were quick to label the incident a “Bitcoin scam” or “crypto scam.” To have “Bitcoin” and “scam” used in the same breath in the global media may feel like all the work that’s gone into building trust for this revolutionary technology since its creation in 2009 has been for nothing. This is even more reason why companies and their communication teams must turn the publicity Bitcoin is getting now into a positive for the industry. Set the record straight: Bitcoin is not to blame The first point to clarify with the media, friends, family and newcomers is that this is a high-profile Twitter hack. This is not a “Bitcoin hack,” not a “Bitcoin Twitter hack” nor even a “Twitter Bitcoin hack” — as described by The Evening Standard and even Wired — because Bitcoin did not get hacked, nor did Bitcoin cause the hack. It’s even more concerning to see The Late Show with Stephen Colbert describe the hackers as “Bitcoin Bandits,” when the motives of the hackers have not been confirmed. Twitter is a centralized organization; it holds all users’ data and accounts in one place.
  • Crypto Twitter Hack Recap: A ‘Wake Up Call’ for Centralized Platforms
    Crypto Twitter Hack Recap: A ‘Wake Up Call’ for Centralized Platforms
    The recent high-profile hack of Twitter accounts where 12 BTC was stolen is being investigated, and some exchanges may already know who did it. July 15 will go down as an infamous day for Twitter, as an unknown attacker managed to take control of a number of accounts on the social media platform before duping unwary users into a Bitcoin giveaway hoax. The event grabbed media attention, as some of the world’s most notable companies, politicians and business leaders had their accounts compromised before sharing similar messages touting a Bitcoin (BTC) giveaway that required users to send coins to an address before receiving double that amount back. The likes of Tesla founder Elon Musk, former United States president Barack Obama, 2020 US presidential candidate Joe Biden, Amazon owner Jeff Bezos as well as Microsoft co-founder Bill Gates had their accounts taken over to share similar messages telling users to send $1,000 to an address in order to receive $2,000 in BTC in return. The company Twitter accounts of Apple, Uber and CashApp were also used to share the duplicitous messages.
  • Only $120,000 in Bitcoin: Twitter hack could have been much worse
    Only $120,000 in Bitcoin: Twitter hack could have been much worse
    When hackers took over Joe Biden, Barack Obama and Elon Musk’s Twitter accounts, they could have caused chaos.
  • Crypto Twitter Responds to the Twitter Hack
    Crypto Twitter Responds to the Twitter Hack
    Crypto Twitter has taken aim at the Twitter hack, suggest there is more to this attack than meets the eye. Earlier this morning, a large-scale Twitter attack took over some of the most powerful verified Twitter accounts including Joe Biden, Elon Musk, Bill Gates, Kanye West, Kim Kardashian, Wiz Khalifa, Warren Buffett, Mike Bloomberg, Barack Obama, and Jeff Bezos. The attacker has posted about fake giveaways from the compromised accounts, asking for Bitcoin (BTC) payments and promising to send back double the amount received. Official Responses Many of the accounts were quick to respond to the hack with the Tweets being deleted and Twitter temporarily locking down all verified accounts until the situation has been resolved. Twitter Support said:  “We are aware of a security incident impacting accounts on Twitter.