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🚀 Ready to catch a thief ... or some Bitcoin?🗺️
🚀 Ready to catch a thief ... or some Bitcoin?🗺️
Have a Great Monday, Geckos! Bitcoin Cash (BCH) left traders feeling uncertain after the hard fork went live, causing a 5% drop in price. The hard fork is the result of a major disagreement between Bitcoin Cash ABC (BCHA) and Bitcoin Cash Node regarding the Infrastructure Funding Plan (IFP). It is a scheme that would levy a 8% 'tax' on miner profits to be channeled towards the network's development. Most companies are unaffected but some such as Coinbase have announced a temporary pause in deposits and withdrawals of BCH. In today's news, a CryptoKitty theft is reported, there's a Bitcoin (BTC) scavenger hunt, and Value DeFi was attacked. Read on! | | |
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75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. | | Mysterious Cat Burglar Revealed Crypto-artist Kevin Abosch reported that a heist had been committed in one of his on-chain installations. A CryptoKitty was swiped from the freely-accessible Ethereum (ETH) wallet-turned artwork titled 'Stealing The Contents of This Wallet Is a Crime' and is what he calls a social experiment that challenges value systems. The mysterious cat burglar turned out to be Abosch himself as he explained that when the Kitty was deposited in the wallet, he assumed it was a gift intended for him from Dapper Labs. (Editor's Note: Stealing is wrong, even if it's from yourself.) CoinTelegraph | | So The Hunt Begins Privacy crypto start-up, Incognito, is conducting a BTC treasure hunt for the public to participate in. At stake is the chance to uncover one whole BTC that's currently concealed somewhere on the Internet. Participants need to download the Incognito app and use the clues to find QR codes hidden amongst social media comments, YouTube thumbnails, and more. (Editor's Note: Time for the millennials to shine!) Prizes will be handed out to participants on November 19th. The Daily Hodl | | Flash Loan Attack on Value DeFi Value Defi (VALUE) has suffered a flash loan attack leading to a loss of $6M. Using flash loans in attacks is a scheme often seen in the DeFi sector. Flash loans allow users to borrow funds without collateralization because the lender expects the funds to be returned instantly. The attacker or attackers borrowed 80,000 Ether from the DeFi lending platform Aave for the attack. CoinDesk | |
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| MineableSome cryptocurrencies have a system through which miners can be rewarded with newly-created cryptocurrencies for creating blocks through contributing their hash power. Cryptocurrencies with this ability to generate new cryptocurrencies through the process of confirmation is said to be mineable. * Not Mineable: Some cryptocurrencies are generated only through other mechanisms, such as annual inflation through staking. These cryptocurrencies are said to be not mineable. 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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