Balenciaga Spring

BALENCIAGA'S “CLONES” COLLECTION IS THE PERFECT RESPONSE TO THE “GUCCIAGA” HACK

Balenciaga's Spring 2022 ready-to-wear presentation, titled “Clones” considers how our sense of reality is mediated through an increasingly filtered — perfected, polished, conformed, and photoshopped — lens.

To drive the message home, Balenciaga tapped artist Eliza Douglas (who you might recognize from most of their recent shows, as well as Burberry's chaotic SS21 presentation) to model all 44 looks for women and men. See for yourself below.

In the video directed by Quentin Deronzier, Douglas appears as a series of digital clones, some of which are deepfakes, or models with the artist's photogrammetry-captured and CG-scanned face digitally grafted on.

It's both a critique of fashion’s “hero” item-trend fixation and a perfect rejoinder to Gucci's recent Balenciaga-hacked "ARIA" collection. The “Gucciaga” collection mixed the codes of both houses. As Alessandro Michele explained, “Gucci becomes for me a hacking lab, made of incursions and metamorphoses ... I have plundered the nonconformist rigor of Demna Gvasalia and the sexual tension of Tom Ford.”

After the first collab at the Gucci show, Highsnobiety’s Christopher Morency wrote, “The collection will obtain grailed status for the simple reason of existing, and in the end — regardless of audience sentiment.”

In response, Balenciaga has interpreted Gucci’s recognizable signatures as Balenciaga products. Here, ironically, Gvasalia merges the house codes to explore and question ideas of authenticity, counterfeiting, and appropriation within the fashion industry.

“Yes, it’s an easy cash grab, a straightforward attempt to give the actual customers who buy into the two brands and who so many in the industry lift up their nose to exactly what they want,” notes Morency. “But don’t dismiss that what Gucci and Balenciaga have demonstrated” with both collections. Their second collaboration proves once again that, “marketing moments like these will create such a level of hysteria that in today’s hype-driven industry the efforts will transform into desirability.”

For example, an archival double-G diamond monogram design is transformed to consist of double-B logos in Gucci’s iconic tone-on-tone palette on a variety of leather goods and classic accessories. The line, which also includes limited-edition bags hand-tagged with “This Is Not a Gucci Bag,” will be in stores starting in November of 2021.

While the references to Gucci are thought-provoking and effective, it is a Balenciaga collection through and through —  complete with supersized silhouettes, homages to fast food, and even a sweatshirt featuring the Simpsons wearing pieces from Balenciaga's last season. Wrap coats recall a classic Balenciaga cocoon construction, and the brand's signature parka and puffer make a reappearance, as does a new signature, the tracksuit.

Elsewhere, tactical cargo pants transform into coveralls and cyber goth-style raver pants; skirts in denim are tricked out with metal hoops and studs, and straps.

Balenciaga Crocs 2.0, the second collaboration between the two brands, sees the classic clog made into pumps, boots, and platformed pool slides. Meanwhile, Trooper boots and Derbies receive thick-soled, square-toed, and angular on all sides. Runner sneakers, introduced in Winter 21, receive a cut-up aesthetic in the shape of a traditional running shoe.

Source:-https://www.highsnobiety.com/p/balenciaga-spring-2022/

* This article was originally published here

Brother of Bezos gal pal Lauren Sanchez selling home amid legal woes

Michael Sanchez, the brother of Amazon honcho Jeff Bezos’ gal pal Lauren Sanchez, put his beloved West Hollywood bungalow on the market amid growing legal bills.

His monetary situation hit the skids three months ago when a judge ruled he was on the hook for $218,000 of Bezos’ legal fees for a failed libel lawsuit against the billionaire for a nude photo scandal.

While that is less than the $1.7 million Bezos wanted, Michael still needs to fund his legal fights – he refiled defamation claims against two tabloid execs, David Pecker and Dylan Howard, in January over a March 2019 press release claiming he was the sole source of raunchy text messages and nude selfies the National Enquirer obtained in its reporting on Bezos’s affair with his sister, Lauren Sanchez. The amended lawsuit also names the National Enquirer’s former parent company, American Media Inc., as a defendant.

The house Sanchez owns with Casey Ashby, a marketing executive with Gucci, is on sale for $2.5 million, according to Dirt.

The site notes the home is a 1930s French Regency villa, located near the Sunset Strip, with lots of privacy. The 2,109-square-foot home has three bedrooms and 3.5 bathrooms.

The home also has many floor-to-ceiling windows and skylights, a kitchen with marble countertops and top-notch appliances. The bedroom offers city views and a bathroom with marble floors, a steam shower and a tub.  

As her brother flails financially, Lauren continues to live the high life with her lover, and in February jetted off to Cabo for a vacation with Bezos – yet another relaxing jaunt for the couple who have been seen in glamorous locales all over the world, from Saint-Tropez to the Balearic Islands.

Source:-https://nypost.com/2021/06/05/brother-of-bezos-gal-pal-lauren-sanchez-selling-home-amid-legal-woes/

* This article was originally published here

Ford Mustang Mach 1 Launch

The Ford Mustang Mach 1 is the latest limited edition to slow the model's sales slide. At almost $20,000 more than a Mustang GT, it comes with a hefty price premium. But the beauty is more than skin deep.

When it comes to the 2021 Ford Mustang Mach 1, you can hear the howls from suburbs away. And that’s just the owners.

In case you missed it, there’s been an outcry over this car on social media. Depending on which thread you read, local Ford Mustang Mach 1 buyers missed out on a bunch of promised features, or are a bunch of sooks. As with many dilemmas, the truth is somewhere in the middle.

Ford Mustang Mach 1 owners were right to be upset about missing features – and Ford was in the wrong, which it quickly admitted – but no amount of trolling, threats of legal action, or banging of fists on service counters was going to change anything.

In promotional material in the lead-up to the local release, Ford Australia inadvertently listed as standard some features that were in fact not available on the Mach 1 – even in the USA – such as radar cruise control and rear parking sensors (due to unique bumper designs).

Ford Australia also initially incorrectly listed as standard an important piece of high-performance hardware – a track-ready 'Torsen' limited-slip differential.

However, only examples sold in the USA were available with this component. Ford Mustang Mach 1 editions made for right-hand-drive countries did not receive this option, because the company determined the Torsen differential was too aggressive for road use in those markets, including Australia.

While these errors in the promotional material (which have since been rectified) may have seemed like an innocent oversight to Ford head office staff, the scale of the drama was exacerbated by the fact that buyers of such vehicles sweat the details, and many took the missing equipment – and the inattention to detail – as a personal affront.

Unfortunately for Ford Australia, it highlighted the fact the promotional material for the Mach 1 was put together by paper-pushers, not enthusiasts.

Hopefully, the public lashings have stopped by now. After all, the person or persons who made the error are someone’s daughter, girlfriend, wife, or mother, or son, boyfriend, husband, or father.

We’re told the person and/or department involved are now acutely aware of the gravity of the mistake and didn’t lose their job. And Ford Australia says it has come up with a better way of cross-checking data in future. Especially on cars bought by enthusiasts.

To make good, Ford Australia offered free servicing for three years and a track day experience to all 700 customers of the Mustang Mach 1. If everyone takes up the offer, it will cost Ford a cool $1 million by our estimates.

As with previous limited editions of the Ford Mustang, the Mach 1 is designed to slow the sales slide typical of performance coupes and muscle cars towards the end of their current model cycle. The current-generation Mustang is now six years old, and a new one must be around the corner.

After the initial hype, demand for the Ford Mustang has been mostly in freefall. But special editions such as the Mach 1 give sales an intermittent boost.

For the uninitiated, the Mach 1 slots between the regular Ford Mustang GT – a version of which has been on sale in Australia since late 2015 – and the Shelby GT350 edition exclusive to the USA. When Australia didn’t get the Shelby GT350 or the subsequent supercharged Shelby GT500, local fans cried foul.

So Ford Australia has been trying to answer the call of enthusiasts ever since, with versions of the Mustang that meet our stringent noise and emissions laws.

The Ford Mustang Mach 1 was able to pass Australian regulations more easily because it is made up of a range of parts from the earlier Bullitt edition, and has other heavy-duty components developed for the Shelby cars that don’t make noise, such as additional coolers and revised suspension components.

Of the 700 Ford Mustang Mach 1 editions coming to Australia, all have been wholesaled to dealers and about 100 remain in showroom stock as this article was published.

Not everyone was happy with Ford’s offer of compensation. Ford Australia says about a dozen buyers got a refund or their deposit back because they wanted a 2021 Ford Mustang Mach 1 with the full enchilada – or used the equipment omissions as an excuse to get out of the deal because they’d over-committed themselves financially.

Which then brings us to the obvious question: Is the 2021 Ford Mustang Mach 1 still the real deal, or did Australia get a watered-down version?

Spoiler alert: we reckon it’s still the real deal, but before anyone has a cry or buys a Cavoodle, please hear us out.

Contrary to the naysayers, the Mach 1 is not simply a Mustang GT with stripes. It also comes with unique wheels, a unique grille, and a new front bumper, with functional ducting to cool the front brakes. But the changes are more than skin deep.

All 700 examples of the 2021 Ford Mustang Mach 1 come with a raft of other high-performance parts, such as an external cooler for the mechanical limited-slip differential, an external cooler for the six-speed manual transmission or 10-speed automatic transmission, and an extra cooler for engine oil.

Indeed, the Ford Mustang Mach 1 has more additional cooling than the locally developed supercharged Mustang R Spec.

The limited-slip differential is the same 3.55:1 unit in the standard Ford Mustang GT, but the extra cooling gives it longevity – and prevents overheating – during repeated high-speed driving such as a track day.

A longer undertray beneath the front of the car has ducts to better direct airflow to the front brakes.

A larger brake booster is fitted to better handle repeated heavy use, although the brake discs and calipers are the same as those fitted to the standard Mustang GT in Australia.

Fortunately, Ford Australia product planners got the brakes right in the first place. All V8-powered Ford Mustangs sold in Australia since day one come with epic six-piston front callipers clamping discs the size of pizza trays (380mm), while the rears are single-piston floating callipers clamping 330mm discs.

The front brakes do most of the work, so that’s fine. Here’s hoping Ford gets the brakes right on the next-generation Mustang, and gives all variants the same excellent stopping power.

The rear subframe has stiffer bushes and borrows the rear toe-link from the Shelby GT500.

There are new front and rear swaybars, the front springs are a little lower, and Ford has recalibrated the electric power steering to give the Mach 1 a more intuitive steering feel.

The Michelin Pilot Sport 4 S tyres are the same type and size as those equipped on the Ford Mustang GT (255/40R19 front, 275/40R19 rear), but the rims are half an inch wider (9.5-inch on the front and 10-inch on the rear).

Ford says wider wheels with the same-size tyre have the effect of stiffening the sidewall, which provides a more precise steering feel and makes the sidewalls more resistant to lateral load – and creates a slightly wider contact patch as there is less crowning of the tyre.

The six-speed manual gearbox in the Mach 1 is different from the Mustang GT and has slightly different ratios. The Mach 1 comes with a heavy-duty Tremec 3160 six-speed manual with a twin-plate clutch for better durability during track days.

First gear runs out at about the same speed on both six-speed manuals (86km/h), but second gear in the Mach 1 is more usable (it tops out at 125km/h rather than 132km/h in the Mustang GT, which is a touch long), while third gear runs to 173km/h rather than 196km/h.

It means on a track day the Mach 1 will spend more time in the heart of the engine’s power band in second and third gears.

The 1:1 ratio in the Mach 1 is fifth gear (rather than fourth gear in the standard Mustang GT), so the ratios between first and fourth are closer in the Mach 1, making it easier to find the optimum gear in a mix of track conditions. (During our track test on a tight course we only used second and third gears, such was the elasticity of the engine’s power delivery).

Magnetically controlled dampers – optional on the Mustang GT – are standard on the Mach 1 and have been tuned for performance driving, though are impressively comfortable on the open road.

The engine is the same spec as the 5.0-litre V8 in the Bullitt. So it has an open air intake like the Bullitt and Shelby GT350 (you can see the air filter when you open the bonnet) and an 87mm throttle body which, combined, deliver a bit of extra noise and a handful of kilowatts.

The torque rating is the same as the Mustang GT (556Nm) but peak power is 345kW rather than 339kW.

A bi-modal exhaust is standard and ranges from stealth mode to noise complaint at the press of a button.

The only options: $3000 for leather Recaro sports seats (do it), and $650 for prestige paint (black, orange, grey and blue), which is every colour except white. Grey examples have the option of an 'appearance pack' that adds orange highlights to the car and $1000 to the bill.

ON THE ROAD

In an attempt to address concerns that the Australian-delivered Mustang Mach 1 can’t handle the heat, Ford rolled out half a dozen cars and put them on a racetrack. In this case, Sydney Motorsport Park at Sydney’s Eastern Creek.

We were let loose on the tight, shortened course on the south-eastern corner of the circuit normally used for car club track days. It’s not the circuit I would have chosen to demonstrate the strengths of the Mach 1 – given the tight and twisty sections over the back – but the car’s performance turned out to be a welcome surprise.

The Ford Mustang Mach 1 felt more nimble than an 1800kg car ought to, and steered with a level of precision I’ve not experienced in a Mustang before.

The magnetically controlled dampers and the revised swaybars helped keep the Mach 1 planted. The standard Mustang GT – an example of which was on hand to show the difference – felt just as quick in a straight line, but it wasn’t as confident in corners and the suspension was less settled.

The brakes were profoundly good and only began to show the earliest signs of fade after five or so laps in anger. But after the cars (and the drivers) had a rest for a few minutes and tyre pressures were checked, we were let back out again. And again. And again.

In the end it became difficult for organisers to lever media out of the cars after each session. Myself included. So I got out of one Mach 1 and walked over to another, hoping no-one noticed I was simply switching cars rather than sitting out a session. (Don’t worry, we all got a turn). In the end, I tired out before the car did.

None of the Mach 1 cars on hand went into limp home mode (a Mustang GT trait when it overheats, otherwise we might have had them as highway patrol cars) and all ran like clockwork. That said, with an ambient temperature of about 10 degrees Celsius in the dark of night, it wasn’t exactly hot work.

However, the exercise did demonstrate the broader ability of the Mach 1 compared to the Mustang GT.

Earlier in the day, we did a long road loop where we were able to sample Mach 1 in the daily grind, in both manual and automatic guises.

Although the route was hand-picked by Ford, first impressions are that the engineers have finally smoothed out some of the bumps, hiccups, and missteps in the 10-speed automatic. On this test drive at least, the 10-speed auto shifted smoothly and intuitively. Here’s hoping it wasn’t a fluke and Ford has finally executed a decent calibration of the transmission that’s shared with General Motors.

If GM engineers can make the 10-speed auto a smooth operator in the Chevrolet Camaro, then surely Ford can do the same for the Mustang (and, while we’re at it, the Ranger and Ranger Raptor).

As for the six-speed manual gearbox, I couldn’t pick the difference in feel of the shift action or the clutch. Both felt light and easy. You may read otherwise elsewhere, but based on one hour in a Mustang GT manual and one hour in a Mach 1 manual, the difference to me wasn’t obvious on the open road. Perhaps with more time it would be more apparent.

VERDICT

Confession: at first glance, I thought the Ford Mustang Mach 1 was a sticker pack. But the joke’s on me.

The differences under the skin may be too subtle for some, and detractors will say the Mach 1 is not worth the almost $20,000 price premium over a standard Mustang GT. I can see their point.

However, all these ingredients cost time and engineering resources – in addition to the hardware. While the changes may not be as obvious as some buyers might have wanted, they all add up, and combined they take the current-generation Ford Mustang to the next level.

I reckon this is the best iteration and most completely thought out version of the Ford Mustang to adorn Australian showrooms to date.

Only customers can decide whether the price is delusional or good value, but the car itself is pretty special. The benefits are most obvious on a racetrack, but it also drives better on the road.

In the same way Ferrari drivers rarely take their cars to the limit, and four-wheel-drive fanatics commute in the suburbs with jacked-up suspension and all manner of recovery gear, chances are Mustang Mach 1 owners will rarely exploit their car’s potential. But sometimes it’s just good to know it’s there.

Source:-https://www.caradvice.com.au/957946/2021-ford-mustang-mach-1-launch-review/

* This article was originally published here

Cryptocurrency Prices Today: Bitcoin, Dogecoin & Binance Coin

Cryptocurrencies are in the green today on June 3, 2021, Bitcoin's price is currently at $37,329.93. Its dominance in the market is at 41.61 percent, a decrease of 0.40 percent over the day.

Global bank JPMorgan on June 2 advised that institutional investors have so far avoided buying Bitcoin during the current dip in the cryptocurrency's price. JPMorgan strategist Nikolaos Panigirtzoglou wrote in a research note that bitcoin's price might fall further before stabilizing after a correction.

"It now seems unlikely that we see this volatility ratio returning to the x2 levels of last summer. The best we can hope for over the medium term is for this volatility ratio to partially revert from around x6 currently to around x4 by year-end," Panigirtzoglou said, as quoted by CNBC.

For other cryptocurrencies, Dogecoin, Elon Musk's crypto meme tweet on June 2 surged its prices by 28.66 percent and was trading at $0.419919, as per US-based crypto exchange Coinbase at 3:55 pm. The crypto trading exchange shows that Dogecoin's 24-hour high record was $0.419919, while its 24-hours low trading was registered at $0.311602.

The global cryptocurrency market cap is $1.68 trillion, a 4.30 percent increase over the last day, while the total crypto market volume over the last 24 hours is $109.18 billion, which makes a 0.59 percent increase. The volume of all stable coins is now $89.49 billion, which is 81.96 percent of the total cryptocurrency market's 24-hour volume.

Meanwhile, India’s India’s booming but unregulated cryptocurrency industry is subjecting itself to self-regulation, with the Internet and Mobile Association setting up a formal board to review issues, apply best practices and come as close to formal regulation as possible, association said. The Blockchain and Crypto Assets Council, part of the IAMAI, will set up a formal board comprising lawyers, technical specialists, and fintech compliance specialists to ensure self-regulation.

"Crypto exchange business activity is legal in India today, but it is not formally regulated yet. There are no prescriptive guidelines. We are trying to make sure the serious players can follow the best global practices,” Naveen Surya, Chairman, Fintech Convergence Council and Chairman Emeritus of Payments Council of India (PCI) told Moneycontrol.

Source:-https://www.moneycontrol.com/news/business/cryptocurrency/cryptocurrency-prices-today-on-june-3-bitcoin-dogecoin-binance-coin-6980641.html

* This article was originally published here

Kraken brings its new Kraken crypto mobile app to the U.S.

Kraken brings its new Kraken crypto mobile app to the U.S.Kraken, the world’s largest global bitcoin exchange in euro volume and liquidity has announced the availability of its new Kraken mobile app in the U.S., one of the most financially active markets in the world, following the positive reception of the app received in Europe earlier this year.

The firm has announced that anyone across the U.S. can now buy or sell more than 50 different cryptocurrencies directly from their mobile phones. With its intuitive interface, sleek design, and frictionless user experience, users can set up an account and purchase digital assets at the push of a button, with as little as $10.

“The past year has shown that the U.S. investor is truly a force to be reckoned with. With record numbers of Americans conducting most of their financial lives through mobile apps, it makes perfect business sense for Kraken to double down and offer up an app that enables easy access to cryptocurrencies wherever they are in the world: an asset class that’s changing finance and making it work for everyone,” said Jesse Powell, co-founder and CEO at Kraken.

The new Kraken app is designed with the consumer investor in mind. It offers fast verification, a simple buying process using bank transfer, and a chance to learn about cryptocurrencies. This new app experience differs from the existing Kraken Pro app, which is built for more advanced traders.

The firm has experienced exceptional growth since it launched the Kraken app for consumers in Europe. May trading volumes grew more than sixfold from where they were in January, one of its best months on record.

“The last five months have been pretty unreal at Kraken. We’ve seen a surge in new clients and in all-time highs – with Kraken services handling nearly $12 billion of trading volume in a single day. We know greater access leads to wider adoption. The launch of Kraken’s app in the U.S. is a step toward ensuring crypto, as an asset class, reaches everyone – regardless of their background,” said Jeremy Welch, Chief Product Officer at Kraken.

Founded in 2011, Kraken is one of the largest and oldest Bitcoin exchanges in the world. The firm also offers everyone the tools and educational content to learn about cryptocurrency and investing in digital assets. The new Kraken app is available for download for Android at Google Play or on iOS at the Apple App Store.

Source:-https://ibsintelligence.com/kraken-brings-its-new-kraken-crypto-mobile-app-to-the-u-s/

* This article was originally published here

What $10M in daily thefts tells us about crypto security

If you’re among the growing number of people interested in cryptocurrencies, you may be interested to know that nearly 7,000 people lost more than $80 million between October 2020 and March 2021 — a 1,000% increase from a year ago, according to the Federal Trade Commission.

The scams include fake currency exchanges and phony “investment” websites selling the currency. More recently, more than $10 million was stolen in various cryptocurrencies in the days leading up to Elon Musk’s appearance on “Saturday Night Live.”

And here’s the rub: You have no way to protect your accounts from any theft. In the world of cryptocurrency, there are no guarantees. Unlike the traditional banking world, there is no equivalent to the Federal Deposit Insurance Corporation to cover any losses on your account. If your assets are stolen, you’re out of luck.

Enabling secure access to these cryptocurrency assets is absolutely critical to preventing theft — which, as of the end of 2020, amounted to just over $10 million a day — and/or lockout of one’s potential fortune.

But how can you ensure that people can always access their accounts? That depends on how the accounts are set up initially — which usually means that passwords or other knowledge-based authentication (KBA) is involved. Unfortunately, passwords simply aren’t suitable for securing high-value accounts because they can be easily compromised, either through phishing attacks or outright theft.

Plus, if you have a less-used cryptocurrency wallet, you might forget your initial password and might have trouble recovering it — if there is even a mechanism to perform the recovery. KBA is also plagued with problems ranging from lack of recollection (what is my favorite hobby again?) to the wide availability of “personal” information on the web (for a few dollars, you can surely find my mother’s maiden name).

Cryptocurrency account takeovers happen with increasing frequency; it doesn’t help that there are few pre-established trust relationships between users and the exchange or wallet provider and that almost all transactions are finalized within minutes and not easily reversible.

Sadly, these takeovers make use of a very similar pattern that has been observed for years in the traditional banking world: An attacker will first try harvesting and then stuffing stolen credentials. If that doesn’t work — say a user has protected their account by requiring an SMS second factor — they will move on to popular techniques to overcome SMS, such as SIM swapping or a $16 SMS relay service that sends that SMS code to the attacker’s smartphone, which leads to a “successful” account takeover.

Even highly secure tokens or dedicated authenticator apps are vulnerable to replay attacks from a motivated hacker — and with personal fortunes at stake, there is no lack of motivation.

Furthermore, the vast growth in the number of cryptocurrency exchange users coupled with this need for strong cybersecurity has resulted in terrible support experiences where users have to wait for weeks or even months to regain access to their own accounts — simply because it is so difficult for them to prove they are the rightful owner.

Authentication best practices can help

So how do we fix this situation? With standards-based user authentication that has been proven to be resistant to phishing and account takeovers — and that is already embedded into billions of devices worldwide and available to just about any user on a modern browser. The FIDO (Fast IDentity Online) authentication protocols were developed by a who’s who of IT, payments and consumer services and ensure that all cryptographic credentials are stored on a user’s device — thereby eliminating even the most advanced machine-in-the-middle attacks.

The crypto exchange Gemini was an early adopter of FIDO for both its smartphone app and for browser users, with a growing percentage of its users protecting their accounts with FIDO authentication by purchasing FIDO Certified security keys. There have been a number of other exchanges that have added FIDO authentication, such as Coinbase, which also supports FIDO keys. Binance has FIDO for its web versions, but not on its smartphone apps yet. And STEX also has support for various FIDO devices and methods. Finally, Ledger hardware wallets support FIDO directly in their devices.

Ideally, it would be better and more effective if there was broad cryptocurrency industry acceptance of FIDO’s approach to modern authentication and adoption of several related best practices, such as:

Standardize authentication flows and practices across crypto exchanges. Better user authentication should be a standard practice for every exchange, not a competitive differentiator. If all leading exchanges moved to industry best practices for account creation, login and recovery, it would help protect customers — and their collective crypto assets.

Require users to enroll multiple authenticators to help with account recovery for each cryptocurrency exchange, whether that is two FIDO security keys or a FIDO security key and a biometric authenticator. Having multiple account recovery keys for each cryptocurrency exchange will help lessen support burdens and help users who lose a device. It will also offer users a choice of stronger authentication options.

Eliminating less secure backup and recovery options, such as using SMS or other knowledge-based authentication factors, will also help improve overall security, particularly for account recovery.

The bottom line is that for the cryptocurrency market to reach its full potential, its exchanges need to collectively strike a balance between the anonymity and privacy that make crypto unique with the security of accounts and assets. Following the lead of crypto exchanges like Gemini and letting users lock down their accounts is a great step toward protecting users against phishing and account takeovers while maintaining privacy and convenience.

Andrew Shikiar is CMO and executive director of The FIDO Alliance, which promotes the development of, use of, and compliance with standards for authentication and device attestation.

Source:-https://techcrunch.com/2021/06/02/what-10m-in-daily-thefts-tells-us-about-crypto-security/

* This article was originally published here