🚀Welcome to $3k ETH club

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    🚀Welcome to $3k ETH club

    Happy ETH Monday, Geckos!


    Ether (ETH) has reached an all-time-high (ATH), surpassing the $3k mark for the first time.


    Many attribute ETH's climb to a myriad of factors, including its growing acceptance as a platform for financial use cases.


    The positive price action has also been linked to upcoming upgrades, including EIP-1559 (which reduces overall supply) and eventually, Eth 2.0 (shift towards Proof-of-Stake model).


    In today's news, Berkshire laments Bitcoin, MetaMask users face new phishing attempts, and Spartan Protocol gets hacked.

     

    Read on!

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    • Ethereum                 (+10.8%)

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    Bitcoin is Disgustingly Succesful

     

    Charlie Munger, the vice-chairman of Berkshire Hathaway has reiterated his stance on Bitcoin (BTC).


    During Berkshire's annual meeting, the infamous BTC critic stated that he 'hates the bitcoin success' and that ' the whole damn development is disgusting and contrary to the interests of civilization'.


    His partner-in-crime, Warren Buffet refused to comment, believing that it would only antagonize the proponents of BTC which he now acknowledges is the majority.


     CoinDesk

    New MetaMask Phishing Scheme is Back

     

    Crypto wallet, MetaMask has alerted users of a new phishing bot that has been targeting their userbase.


    According to MetaMask's tweet, the bot attempts to direct users to a purported "instant support" portal where they are prompted to enter their seed phrases into a Google Docs form.


    This is not the first time MetaMask has been targeted; in December 2020, a malicious website that mimicked MetaMask generated seed phrases that allowed scammers to control installed wallets.


    (Editors Note: Please never give out your seed phrases to anyone. No one will ever ask for it unless they want access to your coins!)


    Cointelegraph

    Sparta was Ravaged by a Suprise Persian Attack


    Spartan Protocol (SPARTA), a liquidity platform for synthetic assets is one of the latest victims of a massive $30 million hack on the Binance Smart Chain (BSC).


    According to PeckShield, a smart contract auditor, the exploit targeted a "flawed liquidity share calculation" in one of the liquidity pools, which enabled the attacker to withdraw the funds.


    The attack relied on the manipulation of flash loans, which were used to inflate the balance of the pool before burning an equivalent amount of pool tokens.


    Cointelegraph

    Side Chain


    A blockchain ledger that runs in parallel to a primary blockchain, where there is a two-way link between the primary chain and sidechain. This allows the sidechain to operate independently of the primary blockchain, using their own protocols or ledger mechanisms. Cryptocurrencies in the sidechain are connected to the main chain with the two-way peg, allowing users to transfer their assets to and fro.

     

    Learn about other Crypto terms here

    NFT of the Day 🖼️


    Outrun the night //

    Artist: agk42

    Gallery: Foundation

     

    Outrun the Tokyo night, driving through the city streets, rain falling, synthwave grooving, but where are we actually going?

    Read more on CoinGecko

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