Accounts of major organizations and firms on social media are often the target of hackers. The Twitter and YouTube accounts of the British Army were hacked late last week. This was followed by tweets promoting Non-Fungible Tokens (NFTs) from Twitter’s verified handle @BritishArmy.
According to a Reuters report, the YouTube account of the British Army was changed to ‘Ark Invest’, an investment firm, and several videos related to cryptocurrency were shown on it. An army spokesman said, “We are aware of breaches of Twitter and YouTube accounts and are investigating. We take information security very seriously and are working to resolve this issue until the investigation is complete.” It would be wrong to give more details.” Army has about 3,62,000 followers on its Twitter account and about 1,77,000 subscribers on its YouTube channel.
Ark Invest is a large investment firm. The firm has not commented on the issue. Stablecoin Tether is expanding the list of common currencies that can be combined with its crypto status. In this episode, Tether will launch a stablecoin pegged to the UK currency Pound this month. The symbol for this altcoin will be GBPT. It will initially be based on the Ethereum blockchain. Support for other blockchain networks can also be added for this later.
“The British Pound-linked Tether token will be launched in July. It will have a 1:1 linkage with the pound,” the Tether-linked firm explained in a recent blog post. The UK recently allowed stablecoins as a method of payment. Along with GBPT, UK currency will also be on the blockchain network. This will be an important step in the UK’s Web3 journey.
“The UK is the next destination for blockchain-related innovation,” Paolo Ardoino, Tether’s chief technical officer, said in a statement. Stablecoin, a rapidly growing version of crypto, has emerged as a major medium of exchange. It is often used by traders to remit funds. It is easy to exchange major stablecoins for bitcoin or other cryptocurrencies.