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Weekly news review (August 24-30)

Weekly news review (August 24-30)
Hello Community!
Let's dive into last week's news highlights.
https://preview.redd.it/6yghvwy74ck31.png?width=1200&format=png&auto=webp&s=671b81ecc508f841f4400b0f09811b8fb3b2892d
Academic interest in crypto and blockchain is increasing across the board, according to a study from Coinbase published Wednesday.
The crypto exchange looked at the world’s top 50 universities (according to the U.S. News & World Report ranking) and found that 56 percent have blockchain or crypto classes available. Last year, Coinbase found 42 percent to offer such classes.
Working with survey site Qriously, Coinbase also surveyed 735 students ages 16 and older, finding a 6 percent uptick in student interest in crypto or blockchain coursework. As part of last year’s Coinbase study, 28 percent of respondents said they would be interested in such a class.
Moreover, compared to last year, twice as many university students, or 18 percent, partook in a crypto or blockchain class.

A 25-year-old man from Westwood, Los Angeles, has plead guilty to federal charges for having exchanged up to $25 million in cash and crypto without a license and anti-money laundering program.
Kunal Kalra, also known as “Kumar,” “shecklemayne” and “coinman,” was indicted on Friday for allegedly trading cash and crypto for individuals including drug dealers, partially via his bitcoin ATM kiosk.
An announcement from the U.S. Justice Department last Friday said Kalra, who is expected to make his first court appearance next month, has agreed to plead guilty to the charges.
As part of the investigation, the law enforcement seized about $889,000 in cash from Kalra and about 54.3 bitcoin and other cryptocurrencies, worth more than half-million dollars. The announcement said the maximum penalty Kalra could face is to serve a life time behind bars.

Circle CEO Jeremy Allaire says the U.S. lagging behind China’s development of a national digital currency could alter the way Western companies transfer payments.
Speaking on the Global Coin Research podcast, Allaire said China is setting the pace in the development of a digital currency equivalent of its fiat currency, the renminbi, and could soon bypass Western rules through direct settlements. Allaire also said Circle continues to be interested in the development of stablecoins, such as its USD Coin.

A new Trojan dropper dubbed xHelper was observed while slowly but steadily spreading to more and more Android devices since May, with over 32,000 smartphones and tablets having been found infected in the last four months.
As the researchers say, the number of compromised smartphones and tablets is increasing each day, with hundreds of new targets getting infected on a daily basis.
While the precise infection vector has not yet been discovered, "analysis shows that xHelper is being hosted on IP addresses in the United States. One was found in New York City, New York; and another in Dallas, Texas."
As a method to prevent getting infected, Malwarebytes Labs recommends being careful while browsing the web on your Android device, cautiously selecting the mobile websites you visit.

In the wake of data abuse scandals and several instances of malware app being discovered on the Play Store, Google today expanded its bug bounty program to beef up the security of Android apps and Chrome extensions distributed through its platform.
The expansion in Google's vulnerability reward program majorly includes two main announcements. First, a new program, dubbed 'Developer Data Protection Reward Program' (DDPRP), wherein Google will reward security researchers and hackers who find "verifiably and unambiguous evidence" of data abuse issues in Android apps, OAuth projects, and Chrome extensions.
Second, expanding the scope of its Google Play Security Rewards Program (GPSRP) to include all Android apps from the Google Play Store with over 100 million or more installs, helping affected app developers fix vulnerabilities through responsibly disclosures.'

Let us know what you think in the comments section down below!
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Withdrawing USD From Bitcoin ATM in East Los Angeles

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