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🚀 An Exchange has been HACKED, while Another has been Raided by the Police TWICE!!
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🚀 An Exchange has been HACKED, while Another has been Raided by the Police TWICE!!
How has your day been, Gecko? Have you ever "accidentally" turned $200 worth of crypto into $250K? We wish that would happen to us too. That being said, the $240,800 must come from somewhere, right? How many people must have gotten rekt to make this "success" story possible? As always, be careful in crypto and triply so when dealing with "rebasing". (Protip: one of our developers from CoinGecko HQ have written a piece about Rebasing, its risks, and analyzing smart contracts in CoinGecko Buzz, you should definitely read it if you plan to hold any tokens with a rebasing function.) Also, do we have any Venezualan readers here? We must say that despite the worsening political and economic environment in the country, Venezualan has come up with ingenious ways to move funds using cryptocurrencies. Even some parts of the government are now on board with the idea to use crypto as payments. Despite this, there have been reports that the very same government is actively blocking user access to cryptocurrency services. Is there a grander motive behind the block? In other news, do the investors and traders of ETC just don't care? Apparently, that has been the case according to a report by CoinDesk. Even so, the reality of ETC price movement may be more nuanced than what meets the eye. If you're interested in "fork-onomics", the report may be a good read. (Editor: Crypto-forks may not be the "in" thing right now, what with DeFi yield farming and all... But who knows? 🤷) Have an awesome day ahead! | | |
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| eToro gives you everything you need to trade the world's top crypto with ease. Trusted globally by over 13M, our user-friendly platform provides investors of all experience levels with a powerful suite of features and analytics — including a free virtual portfolio so you can practice trading before spending a single dollar. Level up your crypto game today. Download the app and get started. This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal. | | Brave Adds New Anti-Phishing Solutions To Its BrowserIn an effort to help users prevent phishing attacks, Brave (BAT) has incorporated solutions from PhishFort, a cybersecurity firm. With this new software, crypto scams will be detected, and users will be warned about suspicious domains. Details on this new integration are rather scant at the moment. However, PhishFort has been used by other companies in the past to protect crypto holders from hacks. CoinTelegraph | | Bithumb Reportedly Raided For The Second Time In A WeekBithumb has been raided by police for the second time in a week according to local reports. An additional search was carried out by the Seoul Metropolitan Police Agency on the crypto exchange's headquarters. It is purported that the latest raid was to secure additional evidence related to financial fraud involving BXA token, meant to be Bithumb's native token. The token has never been launched, and reportedly caused losses of $25 million. (Editors: This is certainly very bad news, not just because of the implication at the end of the day. Having an exchange raided by the police must make some of the platform's users at least a little concerned for their funds) CoinTelegraph | | ETERBASE Exchange Hacked, Loses $5 Million In FundsETERBASE, a crypto exchange based in Europe, was compromised by hackers on Monday. This has resulted in the loss of over $5 million in various cryptocurrencies from its hot wallets. At press time, ETERBASE is currently under maintenance mode, meaning users are unable to access the exchange. The majority of funds stolen are ETH / ERC-20 tokens, followed by Tezos (XTZ), Algorand (ALGO), Ripple (XRP), bitcoin, and Tron (TRX). (Editor: BIG OOF!) TheBlockCrypto | |
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| HalvingDecentralized Finance (DeFi) refers to the movement of building decentralized financial applications that have no central authority and is censorship free. DeFi applications cover many use cases and a few popular ones are stablecoins, lending/borrowing and trading (decentralized excanges). By removing the middleman in systems, DeFi applications are able to achieve a better rate of returns for its users, while lowering barrier of entry as the application does not discriminate or censor any particular party from joining. The event that serves to reduce in half the reward of the Proof-of-Work miners that operate in the blockchain network. Each cryptocurrency sets every few blocks this automatic adjustment is made. In Bitcoin, it is every 210,000 mined blocks. Decentralized Finance (DeFi) refers to the movement of building decentralized financial applications that have no central authority and is censorship free. DeFi applications cover many use cases and a few popular ones are stablecoins, lending/borrowing and trading (decentralized excanges). By removing the middleman in systems, DeFi applications are able to achieve a better rate of returns for its users, while lowering barrier of entry as the application does not discriminate or censor any particular party from joining. Decentralized Finance (DeFi) refers to the movement of building decentralized financial applications that have no central authority and is censorship free. DeFi applications cover many use cases and a few popular ones are stablecoins, lending/borrowing and trading (decentralized excanges). By removing the middleman in systems, DeFi applications are able to achieve a better rate of returns for its users, while lowering barrier of entry as the application does not discriminate or censor any particular party from joinLearn about other Crypto terms here | | | |
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