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🚀 Now may be a Good Time to join DeFi, If you can get past the gas fees ⛽

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Hello Geckos! Before we start; "that gas fee huh?" Now, Bitcoin and Tor. Do you use them together? While these tools should be always on hand for the privacy-loving nuts among us (Editor: 🙋‍♂️), you should be aware that a large scale hack has been going on for the past few years involving exit relays. In Tor network, exit relays are points where your encrypted data gets decrypted before entering the wider public internet, and then encrypted again before going back to the Tor network. This allows hackers to potentially snoop on your raw data if they are not already encrypted (this happens when interacting with unsecure "http" websites). The hack works by looking for http traffic and scan for bitcoin addresses, then injecting their own address to be sent back to you. So, if you are doing anything bitcoin related (bitcoin mixers etc..), you may end up sending your btc to the hacker instead of the mixers themselves. Conclusion? don't use http if you can help it. Also, if you REALLY want to mix your coins, there are better (and cheaper) solutions than going to centralized bitcoin mixing websites. Today we talk that gas fee, Crypto being used for tax, hacking a bitcoin file and some hot (maybe not that hot) drama.

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Ethereum Gas Price Hit All-time High, Breaching 200 Gwei The price of Ethereum (ETH) has been on the rise in 2020, which has made lots of investors happy. However, the price of transaction fees have also been rising, with a 3,636% spike since the beginning of 2020.  Daily gas usage has seen a surge, and this can be mainly attributed to the ever increasing supply of stablecoins, and also the interest in the DeFi industry. At the time of writing, it costs over 200 Gwei to send a transaction on the Ethereum network.  (Editor: What will gas fees be like next week? You can already check them live on CoinGecko.com's homepage) TheBlockCrypto Venezuela to accept tax payments in Crypto The government under President Nicolas Maduro has tried to foster Petro adoption, even using it as a means to collect taxes. According to an announcement, the so-called "National Tax Harmonization Agreement", the Petro will be used as a valid currency for tax collection. However, some municipalities (mostly opposition to the national governments) have not accept the agreement, arguing that many places in the country do not have the tech facilities to go through with the implementation. TheDailyChain Cryptography expert retrive $300,000 in Bitcoin from encrypted file Ex-Google security engineer Michael Stay claimed to have once retrieved $300,000 worth of Bitcoin from a Russian investor's encrypted file. "If we find the password successfully, I will thank," the anonymous investor reached out to him after reading his published work on hacking encrypted zip file. After obtaining help from fellow programmer Nash Foster, they manage to crack the zip in a matter of day, receiving a bounty of $100,000 from the retrieved bitcoin. (IvanOnTech: "Bitcoin, you keep it in your brain, you repeat it, it's wealth in your brain, it's amazing! Now you could have amnesia.....") Decrypt Coinbase exits lobbying group after participation of Binance.US Coinbase has resigned from a US-based crypto and blockchain lobbying group the Blockchain Association. The exit follows the admittance of Binance.US to the association on Monday. Although the letter does not call out Binance.US by name, insiders suspect that the resignation was tied to the admittance of the exchange into the association. (Editor: Is this the real life, or is this just an episode an an exciting corporate drama series?) TheBlockCrypto

Nonce It means 'umber that only used once' (a number that is only used once) and it is of vital importance next to the hash in the verification of data from the Bitcoin blockchain network. Learn about other Crypto terms here Read more on CoinGecko

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