The Crypto World Is on Edge After a String of Hacks - cyptoranking.com

2024-04-29

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Thus, the realized PnL in this trade is a net calculation less commission. This is also referred to as the trading position’s closing price. At the heart of this transformation is the smart contract feature inherent to blockchain technology. Smart contracts are self-executing agreements encoded as computer programs on the blockchain. These contracts automate transactions based on predefined conditions, thus eliminating the possibility of tampering by unscrupulous actors. The Crypto World Is on Edge After a String of HacksOne and a half years later, TerraUSD (UST) was publicly announced, with plans to launch on Ethereum and Solana. — CoinRaise (@CoinRaise_xyz) October 4, 2023

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Users who authenticated transactions on a phishing site on Oct. 6 were affected, Galxe said in a letter to users. The hack lasted just over five hours. In a preliminary estimate dated Oct. 10, over $396,000 of losses were recorded in amounts ranging from over $53,000 to just pennies. The company had estimated earlier that around 1,120 users were affected by the hack.Related: Crypto suffered 153% YoY increase in hacks and scams in Q3: ImmunefiPlatform co-founder Charles Wayn told Cointelegraph in a written response that Galxe is working with two security firms to track down the hacked funds. In addition, it has improved its domain name service security settings, changed its domain provider and is conducting security audits. Wayn said:“The incident was mainly caused by [domain registrar] Dynadot resetting our account information and granting permission to an impersonator who provided fake documentation claiming to be an authorized member of Galxe.”The Galxe protocol is a permissionless self-sovereign identity infrastructure. Its native GAL token fell from $1.20 to $1.15 on Friday, Oct. 6. It reached $1.21 over the weekend with high trading volume through Saturday morning. It had settled at $1.16 at the time of writing, according to CoinGecko. Magazine: Should crypto projects ever negotiate with hackers? ProbablyFriend.tech adds new security upgrade in wake of SIM-swap attacks Caroline Ellison Testifies Against Sam Bankman-Fried Top 10 Legal Cases Against Cryptocurrencies and Crypto ExchangesHere are a few of the most common bitcoin mining rigs: Other Nifty News

“With the onset of the FTX trial and the substantial public attention and media coverage it is receiving, the individual accountable for draining the funds might be feeling an increased urgency to conceal the assets,” said Brooks. Why Metaverse? State of dYdX Q2 2022The finale, dubbed Neo Era, will occur at CyberPort in Hong Kong on Oct. 27 and 28. At the finale, participants will compete in one of five categories for a chance to win $10,000 and incubation support. The categories include DeFi and Payment; NFT and Gaming; AI, Social, and DAO; Infrastructure and Tooling; and General. The first RToken deployers on Base are expected to launch in the next few weeks, according to the team.

“Sam directed me to commit these crimes,” she stated. Total value locked (TVL) in USD. Source: DeffiLama foreign exchange derivativesYoutube / Claycore ProductionsIn the latest on-chain moon-shot Blinky Red Ghost (BLINKY), a meme coin reference to the classic Pac Man game, has exploded +500% in a dramatic skyrocket captivating DEX markets.Recent weeks have seen a huge trend in explosive DEX-launched tokens, with countless pump-and-dump moon-shots, including BDOGE, APX, FTX, Thing and шайлушай.The token appears to be driven by a dev called BlinkyRedGhost, and the token went live through a huge $100,000 airdrop to early backers - igniting a frenzy of interest on Crypto X.BLINKY Price Analysis: How High Can Blinky Red Ghost Climb?Amid the moon-shot move, BLINKY is currently trading at a market price of $0.00004463 (representing a 24-hour change of +502%).Launch on the afternoon of October 4, BLINKY saw slow traction in the first 24-hours of trading - with price pushing up a muted +15% during initial trading.DEXtools / BLINKY USDTHowever, catalyzed by the successful airdrop - price action ignited into a frenzy at 14:00 on October 5 - as a sudden +50% hourly candle triggered a major influx of almost $1m worth of trading volume.This huge flood of capital sent price flying +500% across the following 4-hours as more than 250 holders took position in the unfurling skyrocket move.With BLINKY's market cap now sat impressively high fir such a young project at $347k, more growth seems likely here, and this is evidenced by a well-defended consolidation above the $0.00003 price level.This morning, price has bounced out of strong local support to post a new all-time high at $0.0000485.DEXtools / BLINKY USDTSupport here could trigger a move up to the $0.00006 price level (a potential +33.5% move).While downside risk here could see price return to $0.00003 (a possible -32.17% drop).Overall then, Blinky Red Ghost is currently facing a risk: reward ratio of 1.04 - a make-or-break entry on the short-time frame.But while DEX traders are exercising the extremes of risk management, smart money are playing it safer with an emerging Bitcoin mining presale that offers retail investors the chance to take a share in mining revenues.Discover Bitcoin Minetrix as BTC Cloud Mining Surges Past Half-Million RaisedSource / BTCMTXBitcoin mining, long seen as a domain dominated by colossal corporations with their deep pockets and access to state-of-the-art equipment, is undergoing a transformation.Bitcoin Minetrix aims to ensure this lucrative venture is not just confined to the elites but is accessible to everyone.How? By rewriting the rules of mining through its innovative Stake-to-Mine model.In a move aimed at side-lining energy-guzzling equipment, Bitcoin Minetrix provides an avenue where BTCMTX token holders can stake their tokens to receive mining credits.These credits unlock the door to efficient Bitcoin cloud mining, making the process sustainable, secure, and, importantly, within everyone's reach.And so far the BTCMTX presale has been an undeniable success, with more than $589,000 raised in the first week.Here's Why BTCMTX is Set to Explode Upon LaunchInitiating their ICO with a starting price tag of just $0.011 for the BTCMTX token, Bitcoin Minetrix isn't asking for a fortune but an opportunity.An opportunity for investors to be a part of a transformation that could very well redefine the Bitcoin mining landscape.And if the initial figures are anything to go by—with the project raising $115,000 within a day of the ICO announcement—investors are eager to hop on board this mining juggernaut.What’s even more compelling is that this is not just an investment in a token but in a future-proof concept; a concept that merges the best of both worlds: staking and mining.The results? Large APYs and rewards in the form of BTC, all without the traditional barriers of hefty investments and technical know-how.How Does BTCMTX Ensure Security and Transparency?Source / BTCMTXThe crypto world, unfortunately, has had its fair share of scams, especially in the cloud mining sector and this is where Bitcoin Minetrix departs from the norm.Not only does it provide a transparent mechanism of mining but it also empowers its investors. How? By ensuring they have constant control over their staked tokens and the flexibility to un-stake whenever they deem fit.No hidden clauses, no fine print, just straightforward staking and mining.Furthermore, for those concerned about the safety of their investment, the BTCMTX smart contract underwent meticulous auditing by Coinsult, a respected blockchain security entity. The verdict? Clean as a whistle.Bitcoin Minetrix stands tall, not merely because of its unique proposition but its commitment to making Bitcoin mining a universal venture.With just a minimum investment of $10, it's demolishing the barriers to entry, proving that you don't need millions to be part of the mining elite.For those seeking to ride the next wave of crypto innovation, the Bitcoin Minetrix presale is an avenue worth exploring.In a world where Bitcoin's derivatives are gaining traction, this is a project that not only promises returns but also champions the democratization of Bitcoin mining - a true game-changer in every sense of the word.Buy BTCMTX HereDisclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.Israel-Hamas Conflict Shakes Global Markets: Emerging Stocks and Crypto Slide, Oil and Metals Surge Eric Balchunas, senior analyst at Bloomberg Intelligence, said in a Thursday X post that the SEC could look to speed up the launch of ether futures ETFs before a potential government shutdown.

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