Connect with us


Doge-1: the SpaceX mission funded by Dogecoin

McKenzie Elyse



We may earn a small commission when you click or purchase an item using a link on this website.

SpaceX announced Sunday its plans to accept payment for its services in the explosively popular cryptocurrency Dogecoin. The Canadian renewable energy technologies firm Geometric Energy Corporation will pay SpaceX solely in Dogecoin to send an 88-pound satellite that will “obtain lunar-spatial intelligence from sensors and cameras” to the moon. The mission, dubbed Doge-1, is expected to take off in early 2022.


“This is not a joke,” Geometric Energy Corporation CEO Samuel Reid said via phone.


Despite the announcement, Dogecoin has been on the decline since SpaceX CEO and Twitter celebrity Elon Musk appeared on Saturday Night Live last week and called the currency a “hustle.” Some speculate that his offhand comment may have sparked the massive selloff that caused the coin to plummet in value from its peak price of $0.73 down to $0.43 in a matter of hours. Three days later, the value still hovers between $0.40 and $0.50 on average.


Musk also wrote a tweet about the Doge-1 satellite on Sunday:


SpaceX launching satellite Doge-1 to the moon next year 

– Mission paid for in Doge 

– 1st crypto in space 

– 1st meme in space 


To the mooooonnn!!




Musk’s cavalier tweet reflects the spirit of retail traders across the country, whose collective mantra “to the moon” has  gained explosive popularity along with the rise in trading trends like cryptocurrency. It appears that Musk intends to show his support for the crypto and retail trading community with the SpaceX mission to take Dogecoin “to the moon” — literally.

I'm a copywriter, journalist, and web content creator with a strong passion for my work. Crafting narratives of the world around me brings me an incredible sense of joy — there's nothing I would rather be doing. Besides writing, I enjoy cooking, mixology, music, and my weird cat named Marceline.


SEC Arrives at Settlement with First American Financial Two Years After Breach of Data

Tara Ragone



The U.S. Securities and Exchange Commission (SEC) pressed charges against First American Financial, a real estate company, for failing to abide by disclosure requirements and procedures. The acts of non-compliance came after personal identifying customer information was breached in 2019, including social security numbers and financial data. First American was found to be liable for having immense vulnerabilities in their cybersecurity management, rendering them in violation of Rule 13a-15(a) of the Exchange Act

Shockingly, First American’s information security team discovered said vulnerabilities months in advance of senior management’s response to the incident, but they did not comply with company policies by advising their superiors about it. First American initially learned of the mishap, which consisted of at least 800 million images being revealed unintentionally, when a cybersecurity journalist contacted them with the unfortunate news. Despite First American rapidly issuing a statement once leadership learned of the incident, they were penalized for the overall poor structure of compliance regarding security of their electronic data.

The severity of this incident was emphasized through statements reiterating that all of the confidential information accidentally leaked was within reach of anyone who had access to the internet. Furthermore, the company’s reputation took another huge blow when they were confronted with accusations of failing to implement a sufficient cybersecurity system by the New York State Department of Financial Services’ Cybersecurity Regulation in July of 2020.

Although First American did not outright admit to any wrongdoing, they accepted a cease and desist order and settled their mistakes by paying a $487,616 fine. First American expressed gratitude for the resolution that was reached, and they asserted that complying with disclosure mandates set forth by the SEC will continue to be a priority for them. The penalty imposed on First American for their faults is sure to set an example for their industry, especially considering they hold 21.07% of the market share and are one of four top mortgage title companies.

Continue Reading


Hackers Breach McDonald’s Data Internationally

Tara Ragone



McDonald’s is the newest high profile business fractured by a widespread data breach. This time hackers stole private information originating in the US, South Korea, and Taiwan, but operations were not at all stalled by the incident. It is said that no financial information was touched in the US, but that the actors were able to access customer specific information in South Korea and Taiwan. Similar to findings in the recent EA hack, McDonald’s asserts this was not a ransomware attack, but rather consisted of store related data being stolen. 

When McDonald’s noticed their internal security system was experiencing an unauthorized action, they called on specialists to investigate. Upon realization of what was going on, the attempts by hackers to commit theft were put to an end pretty quickly. Some of the exact content that was accessed includes employee and franchise contact information, seating capacities, and the measurement of square footage in play areas. 

McDonald’s employees were advised shortly after the breach to remain vigilant of potential phishing emails and to be cautious about revealing information when it is requested. As for the countries where customer data was reached, regulators were consulted on the matter and they plan to notify all affected customers and even employees. South Africa and Russia are additional countries that investigators discovered to be possible targets as well, so they received a courteous warning about it. 

Expansive companies, whether critical infrastructure or just in existence for their popular products, are being repeatedly targeted by cyber criminals. McDonald’s is another example as to why all businesses need to have productive cybersecurity safeguards in place before they are taken aback by a cyber crime. McDonald’s did, however, claim to have been able to respond so quickly due to the security measures they already had incorporated into their operative procedures over the course of several years.

Continue Reading


The FTC Says MoviePass Tried to Prevent Users From Actually Seeing Movies

Brandon Marcus



The disgraced movie ticket subscription service MoviePass is looking worse than it already did thanks to the FTC. That’s because a new complaint from the Federal Trade Commission states that the now-shuttered business did practically everything in its power to actually prevent users from doing the very thing it promoted and promised: seeing movies for an impossibly low cost.

The complaint, released Monday, states that MoviePass invalidated about 75,000 user passwords and then falsely claimed it detected fraud in those accounts. This action locked the users out of their accounts because the password resetting process often failed. Furthermore, it would often take weeks to get a response or email from the company. 

Additionally, the FTC claims that MoviePass created a faulty “ticket verification program” that didn’t work like it should have and then blocked thousands of others users from using the service. Worst of all, the business created hidden “trip wires” in the system that would block those who saw more than three movies a month from using MoviePass. 

All of these deceptive actions occurred at a time when the business was hemorrhaging money and was quickly sinking like a stone after promising subscribers they could see an unlimited amount of films in theaters for just $9.95 a month. The company, which started in 2011 with much fanfare and excitement from movie fans, quickly devolved into a virtual quagmire after millions of users complained about limited access, rising fees, and functionality issues.

The revelations leveled by the FTC come as part of a settlement between the agency and MoviePass’s parent company, Helios and Matheson Analytics. The terms of the settlement state that any future businesses controlled by MoviePass executives Mitchell Lowe and Theodore Farnsworth must use information security programs. 

Daniel Kaufman, the FTC’s acting director of Bureau of Consumer Protection said in a statement that “MoviePass and its executives went to great lengths to deny consumers access to the service they paid for.”

Continue Reading

Sign Up For The Latest Bite Sized Tech News


Would love your thoughts, please comment.x