#trust
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Pig Butchering Scams and the Dangers of Trusting People
If you’re confused by the dark term in our title, it has nothing to do with animals. Pig butchering is one of the top strategies used by online fraudsters who contact people online, gain their trust, and steal their money over time. The metaphoric name is used because scammers “feed up” victims with false promises to later rekt them. 
The hacker group LockBit, which recently claimed to have breached the U.S. Federal Reserve and stolen over 30 TB of secret documents, only managed to release confidential data from Evolve Bank & Trust. This included information about file domains, virtual machines, and more. How is Crypto Business Building Customer Trust?
As the regulatory environment for the cryptocurrency market remains in flux, often causing more instability than stability, crypto companies in the U.S. cannot afford to sit back. They are proactively working to secure the loyalty of investors and their community. 
A tale of trust turned treachery: an American senior ventured into cryptocurrency investments guided by an online acquaintance from Instagram, resulting in a staggering loss of $240,000. Though wary of funneling substantial amounts into a dubious site at first, his initial crypto futures successes led him to up his investments. The insistence from his online friend to boost his deposit only fueled his decisions. 
Ripple (XRP), a cryptocurrency company, has just finalized the purchase of Standard Custody & Trust Company, a subsidiary of PolySign that specializes in corporate governance and the custody of digital assets. The transaction details, including the financial aspect, are yet to be revealed. Mustafa Al-Bassam: From Hacker to CEO at Celestia Labs
Once a schoolboy who claimed to have hacked the CIA's website, Mustafa Al-Bassam is now making headlines with his Celestia venture and its TIA token on CoinMarketCap rankings. But how much trust can be placed in a project led by a former cybercriminal? 
“Stablecoins Way Better than Digital Fiat”: MakerDAO Interview
GNcrypto had a pleasure talking to Tadeo, Developer Relations for Spark Protocol, MakerDAO’s SubDAO. And the conversation wasn’t just about the Dai stablecoin or its advantages compared to its competitors, USDT included. We delved into which countries are better at regulating crypto, why people trust opaque businesses, recent research into Solana as a potential future codebase for MakerDAO. 
Hedera became the first founding member of the Linux Foundation's Decentralized Trust (LFDT), transferring control of its source code, including core services, algorithms, and tools, to the foundation. This collaboration will be part of a new project called Hiero. 
The Linux Foundation, a non-profit organization, is set to launch the LF Decentralized Trust (LFDT). This new platform aims to foster the development of open-source decentralized technologies across a range of sectors, including security, scalability, and finance. 
Next-Level ERC-404: Enhanced Standards Hit the Crypto Market
Recently, several projects have announced the launch of enhanced versions of the ERC-404 token standard. What's the current status of the hyped standard by Pandora Labs, and can the new iterations regain the community's trust in fractional NFTs? 
Yesterday, December 21st, BlackRock, the investment company, was among those attending a meeting with the U.S. Securities and Exchange Commission (SEC). The discussion centered on the regulations for listing and trading the iShares Bitcoin Trust, a spot Bitcoin ETF. 
