FSMA Orders Binance to Cease Virtual Currency Services in Belgium - cyptoranking.com

2024-05-05

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Suspected Phishing Messages: If users receive suspicious Binance scam phishing messages, it is imperative to exercise caution. Verify the authenticity of such messages through official channels or consult anti-fraud resources like the “Anti-Fraud Video Device” and “Anti-Fraud Video App.” Unrealized PnL FSMA Orders Binance to Cease Virtual Currency Services in BelgiumWhat Is Deflation? While the raw hashrate chart indicates that the Bitcoin network is very healthy and becoming more secure over time, there are some concerns about the dominance of the largest Bitcoin mining pools.

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The hacker responsible for stealing over $400 million from FTX and FTX.US in November could be using the hype around Sam Bankman-Fried’s fraud trial to further obfuscate the funds, said CertiK director of security operations Hugh Brooks.Only days before the start of Bankman-Fried’s criminal trial, the FTX hacker, known as “FTX Drainer,” began moving millions in Ether (ETH) they had gained from the November attack.The movements have continued throughout the trial. In the last three days, the hacker transferred approximately 15,000 ETH (worth roughly $24 million) to three new wallet addresses.“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.“It’s also plausible that the FTX drainer harbored an assumption that the trial would monopolize so much attention from the Web3 industry that there would be insufficient bandwidth to trace all stolen funds while also covering the trial concurrently.”FTX, which had once been valued at $32 billion, declared bankruptcy on Nov. 11. That same day, employees at FTX began noticing massive withdrawals of funds from the exchange’s wallets. An Oct. 9 report from Wired has provided fresh insight into how events transpired during the night of the attack.After FTX employees realized that the attacker had complete access to a series of wallets, the team declared that “the fox [was] in the hen house” and scrambled to keep the remaining funds out of the hacker’s hands.The team reportedly made the decision to transfer a staggering amount of the remaining funds — between $400 million and $500 million — to a privately owned Ledger cold wallet while waiting to hear back from BitGo, the company tasked with taking custody of the exchange’s assets post-bankruptcy.The move likely prevented the attacker from gaining a full $1 billion in the raid.Related: FTX hacker’s wallet stirs as Ethereum ETFs prepare for US debutMeanwhile, Brooks explained that the hacker appears to have changed its method for obscuring funds.On Nov. 21, the FTX hacker was observed attempting to launder funds by using a “peel chain” method, which involves sending decreasing amounts of funds to new wallets and “peeling” off smaller amounts to new wallets.However, the hacker has recently been using a more sophisticated method to obscure the transfer of the illicit assets, said Brooks. The new laundering method being employed by the FTX hacker as recorded on Oct. 2. Source: CertiKThe funds stored in the original Bitcoin wallet are distributed through multiple wallets, transferring smaller divisions of funds to a series of additional wallets, a tactic that “considerably prolongs” the tracing process.Brooks said they have yet to identify any individuals or groups that could be behind the FTX hack and that investigations are continuing.Collect this article as an NFT to preserve this moment in history and show your support for independent journalism in the crypto space.Magazine: Blockchain detectives — Mt. Gox collapse saw birth of Chainalysis Ethereum (ETH) How To Make Cryptocurrency SustainableThe BBC reported how the US government prevented a federal shutdown by reaching an agreement on a short-term funding deal on October 1. US President Joe Biden signed the bill into law, ensuring funding until November 17. The Ultra team recently attended the major gaming conference Gamescom, where Gilot reports that interest from game developers and publishers, eSports organizations and investors was high as the video game industry seeks new ways to stay afloat during challenging times.

Our September #bitcoin mining update is live! $CLSK's BTC production for FY2023 was up 84% compared to FY2022. In that same timeframe, our hashrate increased 131%.*Monthly production ending 9/30/23: 643*Total #BTC holdings: 2,240*Deployed fleet: 88,954*Month-end fleet… pic.twitter.com/6JjygtVU8Q In other news, Ripple Labs hired former U.S. white house staff member Lauren Belive as the new head of U.S. Public Policy and Government. How to Buy Bitcoin in the UK & USHayes expects Bitcoin to continue, The current esports model is probably overly reliant on sponsorship and advertising. To improve it, there needs to be a focus on cross-industry value creation, directly involving publishers, brands, esports teams and competitive players. Within Ultra Arena, we want to drive mutual growth by opening up the existing model to many more stakeholders, with grassroots competitive players turning pro, smaller brands gaining traction and startup teams becoming massive eSports powerhouses.

Last month, Lace's usability saw an expansion with the addition of the multi-staking feature, which allows users to delegate their ADA to multiple stake pools, further decentralizing the ecosystem.XRP Healthcare Targets African Revival: Listings, Partnerships, and NASA Tech in Focus Is CryptoNight still a valid mining algorithm, or has it failed its mission to become an egalitarian tool? All the different versions had one common goal: ASIC resistance and preventing its further dominance in crypto mining. Coinbase Review 2023: Pros & Cons-Forbes Advisor UKTokenization platform Brickken is holding a competition for indie developers — allowing them to raise capital, attract a new audience of engaged players and accelerate their projects.For years, crowdfunding has been the go-to for game builders looking to make a splash and secure investment for their big idea, and it continues to enjoy significant demand within the game industry.Statistics from Kickstarter reveal that gaming is still the most popular category for crowdfunding campaigns. A total of 80,163 projects have launched after securing $2.27 billion in investment.But gaining traction and achieving milestones has gotten more complicated as the market reaches saturation — with even the most promising titles struggling to stand head and shoulders above the competition.This is where tokenization comes into play and turns gamers into stakeholders.The benefits of tokenizationBefore tokenization, a significant barrier to entry for potential investors in emerging gaming projects was the minimum investment required. To make matters worse, those who contributed might not receive much incentive in return.Tokenization transforms all of this — by automating and token-gating these processes. It opens the door to fractional ownership, meaning gamers on all budgets can take a stake in the projects they’re passionate about. Developers also have an opportunity to give backers a seat at the table — allowing them to vote on key milestones that’ll alter the course of the project in the months and years to come. Communication channels can be walled off to those who have made a contribution too, enabling them to tap into exclusive perks and content.Moreover, tokenization is a marketing powerhouse for both players and game developers. Players become stakeholders, motivated to promote and engage with their favorite games actively, and tokenized assets further fuel their involvement. For developers, it's a community-building tool that incentivizes player engagement. The result is a more inclusive, efficient, and engaging ecosystem that benefits both developers and gamers alike.As Felix Tejland, chief marketing officer at tokenization solution provider Brickken, points out, crowdfunding has played a pivotal role in bringing our most beloved games to market.“Asset tokenization is the evolution of that, introducing a participatory aspect in which the early adopters can be properly incentivized to boost awareness and help in marketing the game.”Unlocking the futureNow, the Brickken Gaming Awards have launched — allowing budding developers to showcase their creations in exchange for the chance to supercharge their ideas like never before. Successful applicants have the potential to win free tokenization and a marketing package worth $10,000.Source: BrickkenThe project says this can give imaginative games massive exposure and sponsorship opportunities, all while cultivating contacts with fellow developers and enthusiasts.After filling out a participation form, applicants who advance to further rounds will be tasked with pitching their game in a live broadcast — paving the way to a final where prizes will be awarded.Ever since smartphones challenged the dominance of game consoles, there’s been a golden opportunity for cutting-edge titles to make a huge impact — and reach emerging economies that were once out of reach. Brickken now believes that tokenization could take fundraising and audience engagement to the next level.Learn more about Brickken Gaming AwardsDisclaimer. Cointelegraph does not endorse any content or product on this page. While we aim at providing you with all important information that we could obtain in this sponsored article, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor can this article be considered as investment advice. As with most phishing scams, action must be taken. In this case, redirection to a fake website that steals personal information. This is then used to access the crypto account and drain the funds.

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