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Showing posts with the label security

New Meme Coins to Invest In Today, October 22 – Hana, Bobo, Marvin Inu, Memebet

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Analysts have predicted that the value of meme coin values will continue to soar as the month ends. Moreover, the surge in the value of new meme coins has prompted these analysts to dub it a new era for meme coins. This analysis gives investors profitable insights into new meme tokens in the market. Meanwhile, the widespread adoption of cryptocurrency has generated excitement throughout the crypto market. This growing hype has also influenced the meme coin sector, driving up demand for meme-based tokens. Investors are now expecting significant growth in this unique area of the market. New Meme Coins to Invest In Today Today’s examination of newly released meme coins includes Hana, Marvin Inu, and Bobo. These tokens have posted significant increases in the last 24 hours and seven days. We will analyze their market trends to see why they are witnessing upward trajectories. Meanwhile, Memebet is causing massive disruption in the crypto world, with its price set to increase tomorrow.

BNB hacker loses over $53M after getting liquidated in market crash

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A crypto wallet linked to the BNB Smart Chain exploit had three of its positions liquidated after BNB’s price dropped below $220. The sudden market pullback in the crypto space liquidated many traders and, according to data shown on the blockchain, the attackers responsible for the infamous BNB Smart Chain exploit, which led to the theft of almost $600 million worth of BNB (BNB) tokens.  On Oct. 6, the cross-chain bridge by blockchain network BNB Smart Chain was suspended because of an exploit that allowed the hacker s to make off with 2 million BNB tokens, which were worth around $568 million at the time of the theft. On Aug. 18, a crypto wallet linked to the exploit had its collateral, worth more than $53 million, liquidated on the crypto lending platform Venus Protocol, according to blockchain security firm PeckShield. The hacker apparently used the tokens as collateral for a 30-million-Tether (USDT) loan on the protocol. Transaction showing that the BNB exploiter was liquidated

Binance's CZ warns crypto community about emerging scam

The scheme consists of mirroring addresses and sending dust transactions to users to trick them into sending funds to the scammer's wallet. Binance CEO Changpeng 'CZ' Zhao warned his followers on X about a tricky and increasingly popular scam targeting the crypto community , in which fake wallet addresses are used to defraud users during transactions. The scheme generates addresses with the same starting and ending characters as the user's original address. Once the mirrored address has been generated, the scammer sends the target dust transactions that will reflect on the victim's transaction history. If the victim copies and pastes an address from one of the dust transactions, the funds will be sent to the scammer. According to CZ, a well-experienced crypto operator fell victim to this scam on Aug. 1, sending crypto currencies worth $20 million to a dust address. The operator noticed the error right after the transaction and requested Binance to freeze the Tet

Countering address poisoning: This browser extension offers users protection

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Address poisoning is one of the latest tricks used by scammers, but this cutting-edge security tool is stepping up the fight to protect users’ crypto holdings. Crypto scams are evolving by the minute to trick a large pool of non-tech-savvy users who are unfamiliar with the intricacies of the blockchain world. Even more experienced users may fall into the scammers’ trap, but browser extension Web3 Antivirus has designed an all-around protection service for Web3 users . One of the recent crypto scams making waves is the so-called address poisoning. MetaMask warned crypto holders about the scam’s existence earlier this year, but it continues to find new victims. For example, in April 2023, the crypto community discovered that an address poisoning attack resulted in the theft of $1.2 million worth of ARB tokens from more than 600 wallets. HACK ALERT: Scammer Steals 933,000 $ARB Tokens Worth $1.3M From Over 630 Wallets Through An "Address Poisoning" Scheme ️#ARB #Arbitrum #

US law protects institutions and exposes retail investors — Rep. Torres

New York Representative Ritchie Torres had an exclusive interview with Cointelegraph to discuss why retail investors are still at risk following the XRP court ruling. On July 13, 2023, United States District Court Judge Analisa Torres ruled that Ripple’s XRP (XRP) token should not be considered a security when sold on retail digital asset exchanges. Stuart Alderoty, chief legal officer at Ripple, told Cointelegraph that last week’s ruling makes it clear that the U.S. Securities and Exchange Commission’s (SEC) theory that a token can be an investment contract and, therefore, a security, no longer has support in the law. He said of the ruling: “That is not only a huge win for Ripple, but it’s a win for all of crypto in the United States. The SEC can no longer tout their record in crypto, which was, up till now, by and large, settlements with players that didn’t have the resources to fight back.” While this may be, New York Representative Ritchie Torres told Cointelegraph that the Ripple

Grayscale and Bitwise distance themselves from Ether futures ETF plans

Grayscale has removed ETH futures ETF plans after a warning from the SEC, while Bitwise amended its SEC filing to halt any near launch of Ether ETF products. Two prominent crypto asset managers, namely Grayscale and Bitwise, have put a halt on their ETH futures exchange-traded fund (ETF) plans amid growing scrutiny from United States regulators. Grayscale filed an amendment to its Securities and Exchange Commission filing on May 17 to remove mentions of Ethereum futures ETF. The amendment comes just within a week of sharing plans to launch a trio of ETF products. The other two flagship products include a semi-spot bitcoin ETF that would invest in the spot BTC market and a privacy ETF focused on investing in privacy-focused blockchain companies and digital assets. Grayscale just filed for a semi-spot bitcoin ETF, as well as Ethereum Futures ETF and a Privacy ETF. Interesting.. pic.twitter.com/MPruDolp7G — Eric Balchunas (@EricBalchunas) May 9, 2023 Grayscale’s amendment to its ETF

Sam Bankman-Fried’s Alameda Research troubles predate FTX: Report

SBF had claimed that the operations of FTX and Alameda were independent, but the recent lawsuit has revealed that both firms worked in conjecture from day one. New reports into Sam Bankman-Fried and his collapsed exchanges revealed that Alameda Research, the now-bankrupt crypto trading firm, almost collapsed in 2018, even before FTX was in the picture. A report published in The Wall Street Journal citing former employees revealed that Alameda incurred heavy losses from its trading algorithm. The algorithm was designed to make a large number of automated and fast trades. However, the firm was losing money by guessing the wrong way about price movements. In 2018, Alameda lost nearly two-thirds of its assets due to the price fall of the XRP token and was in a blink of a collapse. However, Bankman-Fried reportedly managed to rescue the trading firm by raising funds from lenders and investors on a promise of returns of up to 20% on their investment. As per the report, In Jan. 2019, Alamed