Autonomy🪬

"GODFATHER" STEALS YOUR DATA

BANKING AND CRYPTOCURRENCY APPS ARE AT THE CENTER OF THE SECURITY BREACH

🪙CRYPTO; AUDITORS UNDER SCRUTINY

The US Securities and Exchange Commission is intensifying its scrutiny audit firms covering cryptocurrency companies, a senior regulator official told the Wall Street Journal. "We’re warning investors to be very wary of some of the claims that are being made by crypto companies.” This comes a week after auditor Mazars walked away from all crypto clients namely Binance.

💹MARKET. TESLA CONTINUES TO BLEED IN THE STOCK MARKET

Tesla shares sank again on the New York Stock Exchange, this time more than 8.88%. The automaker offered a $7,500 discount on its Model 3 and Model Y vehicles delivered in the US at the end of the year, as well as 10,000 miles of free supercharging. The promotion added to investor concerns that rising inflation could hit demand for Tesla vehicles.

📊TRENDS. FTX FOUNDER UNDER HOUSE ARREST

The founder of cryptocurrency exchange FTX, Sam Bankman-Fried, has been released on 250M bail and will remain under house arrest while awaiting trial in the US. A judge has ruled that the 30-year-old former billionaire can remain under house arrest with his parents, who put up his California home as collateral for the $250 million bail set by the magistrate. If you ask us the real winner here is the bail bondsman who could have potentially clipped a 25,000,000 pay day.

🦾TECH. NETFLIX ENTERS THE FITNESS WORLD

Netflix is now betting on sports through an agreement with Nike to offer its Training Club workouts. The streaming company announced this Thursday that, starting next week, 30 hours of exercise sessions will be available. There will be a total of 90 classes that will debut in two separate groups that seek to help athletes train wherever they want.

💵ECONOMY. THE US ECONOMY EXPANDED IN THE THIRD QUARTER

US gross domestic product (GDP) rose more than expected, 3.2%, the Commerce Department said in its final third-quarter GDP estimate. In the second quarter, the economy contracted by 0.6% and in the first by 1.6%. This is the first increase seen since the fourth quarter of 2021. Previous estimates pointed to GDP growth of 2.9%.

OpSec or operational security is more important than ever as an individual. At this point it has become abundantly clear that service providers with access to our personal data are not fully capable of protecting its users. Practicing good operational security is now paramount.