Crypto & Bitcoin Prediction News - Brief Crypto Daily Newsletter
1 subscriber
88 photos
63 links
Latest Crypto News about Bitcoin, Lightcoin, Shiba inu coin, Pi coin, mining, DeFi and NFTs.
Download Telegram
Address poisoning, also known as dusting attacks, is a deceptive tactic used by attackers to target high net worth individuals' cryptocurrency wallets. In this scheme, the attacker inundates the victim's wallet with transactions from a wallet that closely resembles the victim’s address. If the victim carelessly copies and pastes a wallet address from one of these spam transactions, they might inadvertently send funds to the attacker.

In the reported incident, the victim mistakenly sent wrapped Bitcoin tokens (WBTC) to an attacker who cleverly mimicked their wallet address. However, thanks to the efforts of blockchain cybersecurity firm Match Systems and the exchange Cryptex, the victim's losses were largely mitigated. The recovery process, facilitated by negotiations led by Match Systems' CEO, Andrei Kutin, resulted in the successful recovery of almost all of the stolen funds, totaling approximately $66.8 million.

Interestingly, the victim initially attempted to contact the attacker, even offering a 10% bounty, but received no response. However, the attacker unexpectedly reached out to establish contact with the victim just recently, leading to successful recovery negotiations. Detailed information about these negotiations and the reasons behind the initial rejection of the bounty remains scarce.

This incident underscores the risks associated with cryptocurrency transactions and the importance of robust security measures. Additionally, while such exploits remain commonplace in the crypto space, there are indications that illicit activities may be on the decline, as evidenced by the lowest combined losses from hacks and scams since 2021, as reported by security firm CertiK.
Crypto & Bitcoin Prediction News - Brief Crypto Daily Newsletter
Photo
Bitcoin's ascent to $80K and $100K was all the buzz earlier this year, but now, investors are less bullish. The broader market, including Bitcoin, has slowed down. However, Insanity Bets ($IBET) is bucking the trend. Still in its presale phase, this viral token is attracting investors seeking high upside potential.

Veteran trader Peter Brandt suggests that Bitcoin may have already peaked at $70K in this bull cycle due to exponential decay. This trend, where each cycle's peak is only about 20% of the previous one, indicates that Bitcoin may struggle to hit $100K this year. However, there's debate about this theory, and some, like Giovanni Santostasi, CEO of Quantonomy, argue there's limited data to support it.

Investors are diversifying into emerging assets like Insanity Bets, drawn by the potential for high returns. Insanity Bets offers passive income opportunities through staking its native token, $IBET, and its derivatives. Additionally, investors can stake other cryptocurrencies to mint $ILP tokens and participate in the platform's profits.

While established gambling projects like Rollbit and Stake.com exist, newer projects like Insanity Bets offer greater potential for significant growth due to their lower initial market cap. Insanity Bets distinguishes itself with a wide range of games, community-centric approach, and multiple sources of passive income.

Currently in presale, Insanity Bets tokens are available at discounted prices with a long-term vesting schedule for team allocations. Investors can also join the $1M Insanity Giveaway Contest.
Simpleminers is a leading Bitcoin mining platform, renowned for its advanced technology and massive computing power facilities, contributing 3.5% of global computing power. With over 1.5 million members worldwide, Simpleminers simplifies Bitcoin mining for beginners, eliminating the need for expensive equipment and extensive maintenance.

Joining Simple Miner is straightforward:

Visit the official website and register.
Check for a $10 registration bonus on your dashboard.
Choose a project and make a purchase.
Sit back and wait for your earnings.
The platform offers various contract options with different computing power values, investment amounts, and durations, each yielding different returns. Benefits include a $10 signup bonus, commission from referrals, VIP level upgrades, and social circle promotion bonuses.

Traditional mining demands hefty investments, space, and time for maintenance, making it unsuitable for novices. Simple Miner streamlines the process, handling all operations for participants, ensuring hassle-free mining.

For those seeking substantial income, Simple Miner offers a wise alternative. Operate through the official website or app for a seamless experience. For media inquiries, visit simpleminers.com or contact info@cryptomining-uk.com. Headquarters: 102 Middleton Road, London, United Kingdom.
Nearly two weeks post-Bitcoin's fourth halving, investor enthusiasm is waning. Amidst this, the ViaBTC team, recognized for mining block 840000, is back to core development after accolades for their halving role.

Founded by Yang Haipo in 2016, ViaBTC quickly became a global top-five BTC computing power player, mining nearly 40,000 BTC blocks. They prioritize long-term stability over short-term luck, evident in their pioneering adoption of the PPS+ payout model.

Navigating the volatile crypto market, ViaBTC ensures stable returns for miners. They focus on user experience, offering robust support and educational events. As they approach their eighth anniversary, ViaBTC remains steadfast in its commitment to providing reliable mining services and contributing to Bitcoin's development.
Mark Cuban advocated for the Commodities and Futures Trading Commission (CFTC) to regulate all cryptocurrencies, criticizing SEC Chair Gensler for stifling innovation and failing to protect investors. He urged Congress to pass legislation or assign crypto regulation to the CFTC. Meanwhile, the SEC's aggressive enforcement actions in 2023 raised concerns in the industry.

Trump, during a recent event, pledged to cease hostility towards crypto if re-elected, criticizing Biden's understanding of cryptocurrency and accusing Democrats of strong opposition.

https://twitter.com/mcuban/status/1789037772050702824
The Bitcoin Asia 2024 conference in Hong Kong drew a significant crowd, with about half of the 5,500 attendees coming from mainland China. The event highlighted the launch of spot Bitcoin exchange-traded funds (ETFs) in Hong Kong, marking a significant step in Asia's cryptocurrency investment landscape. Organizers emphasized the event's role in bridging Hong Kong's crypto economy with mainland China's regulatory environment. Participants expressed optimism about Hong Kong serving as a conduit for Chinese investors to access Bitcoin-related technologies and navigate regulatory challenges.
North Korea's Kimsuky hacking group, also known as APT43, has reportedly targeted two South Korean crypto firms with cyberattacks, using a new Golang-based malware named Durian. This malware boasts comprehensive backdoor functionality, facilitating various malicious actions such as executing commands and exfiltrating files. The attacks, occurring between August and November 2023, exploited a South Korean software vulnerability for initial access.

Once deployed, Durian utilizes additional tools, including Kimsuky's AppleSeed backdoor and a custom proxy tool called LazyLoad, which has links to the Lazarus sub-group Andariel. Kimsuky, operating since at least 2012 under North Korea's Reconnaissance General Bureau, is notorious for phishing attacks targeting cryptocurrencies. In December 2023, posing as South Korean government officials and journalists, they stole cryptocurrencies from 1,468 victims, including retired government officials. Previous targets also included Russian aerospace defense companies, exploiting the pandemic as a cover.
The Public Security Bureau of Panshi City in Jilin Province cracked down on an illegal operation involving underground banks and virtual currencies, resulting in the arrest of six individuals suspected of engaging in criminal activities related to money laundering between China and South Korea. The suspects exploited the anonymous and decentralized nature of virtual currencies to conduct unlawful exchange operations, facilitating large-scale money laundering activities across borders. Authorities became aware of the scheme through the Economic Investigation Brigade of the Panshi City Public Security Bureau and apprehended the suspects after gathering substantial evidence of their illegal activities.
Lawmakers in Turkey are preparing to submit a draft law on crypto regulation to parliament this week. The proposed regulations aim to reduce risks for cryptocurrency users and bring trading platforms under the supervision of the Capital Markets Board. Specific rules regarding platform operations will be determined later through additional regulations. These regulations are part of Turkey's efforts to improve security, licensing, and global recognition in the cryptocurrency space. Nigeria and Turkey lead global crypto adoption, with 47% of internet users in both countries reporting ownership or use of cryptocurrency, according to a recent study by Statista.
Bitcoin (BTC) started the week on a downward trend, hovering around $61,000 with an intraday low of $60,675. This decline follows hawkish comments from the Federal Reserve, raising speculation of delayed easing plans and bolstering the U.S. dollar. Traders await speeches from Fed officials and key economic reports, with stronger-than-expected data potentially intensifying selling pressure on Bitcoin. Meanwhile, El Salvador's transparent approach to Bitcoin investments aims to boost global trust, but challenges in local adoption persist. Technical analysis suggests a slight downtrend for BTC, with resistance at $61,764 and support at $60,185.
The Hong Kong Securities and Futures Commission issued a warning about deepfake scams infiltrating the cryptocurrency industry. Operating under the name Quantum AI or AI Quantum, scammers used deepfake videos of Elon Musk to deceive individuals into believing he was behind their platform. Exploiting AI advancements, scammers impersonate targets in video calls to defraud victims. Authorities shut down the group's websites and social media pages, but the full extent of the damage remains unclear. Similar instances involving Elon Musk and other public figures highlight the growing threat of deepfake exploitation in cryptocurrency scams.
Japanese investment and consulting firm Metaplanet has adopted Bitcoin (BTC) as its primary treasury reserve asset amidst Japan's economic challenges. Facing high national debt and a weakening yen, Metaplanet has shifted its strategy to prioritize accumulating Bitcoin over retaining yen. The company plans to allocate ¥200 million ($1.25 million) towards acquiring Bitcoin and has already purchased an additional 19.87 BTC. This move follows a trend set by firms like MicroStrategy. With Japan's fiscal crisis and the yen's depreciation, Metaplanet sees Bitcoin as a superior store of value and investment.

https://twitter.com/Metaplanet_JP/status/1788770587999097181
Pink Piggy, a new player in the cryptocurrency market, has launched its highly anticipated presale, aiming to revolutionize meme coin investments. With a unique approach and inspired by a charming Pink Pig character, Pink Piggy aims to stand out in the Solana blockchain ecosystem. The presale has generated significant interest, offering early investors the chance to receive automatic airdrops and participate in the project's growth. With transparent token distribution and plans for NFT rewards, Pink Piggy is poised to engage its community and pave the way for a new era in meme coin investments. Join the presale and learn more at https://pinkpiggy.wtf/.
GriffinAI, spearheaded by crypto expert Oliver Feldmeier in Switzerland, aims to revolutionize AI by integrating AI agents into a secure, decentralized network. Their project focuses on enhancing DeFi experiences through advanced AI agents like ELANN.AI. Key milestones include a mainnet launch and the release of a technical whitepaper on May 15. With a foundation in Liechtenstein and a focus on decentralized governance, GriffinAI is poised to reshape the future of AI collaboration and innovation.
BlastUP ($BLP), a pioneering launchpad within the Blast ecosystem, recently concluded a highly successful presale for its native tokens, raising nearly $6 million. As a Layer-2 network built on Ethereum, Blast aims to enhance transaction speed, scalability, and affordability, making it an attractive platform for DeFi growth.

BlastUP empowers new projects by providing a secure launchpad and connecting creators with investors. The platform meticulously evaluates projects, assists with documentation, and ensures ongoing monitoring to prevent scams. With an 'A' grade audit from Certik and approval from Assure DeFi, BlastUP offers a trustworthy environment for investors.

$BLP tokens play a central role in the BlastUP ecosystem, offering utility and rewards for holders. Staking $BLP tokens unlocks exclusive IDO access and rewards, with tiered staking options and guaranteed spots in IDOs. Moreover, BlastUP's referral program allows users to earn Booster Points, enabling participation in raffles to win valuable prizes like Blastboxes containing NFTs, ETH, and more.

Looking ahead, BlastUP plans to introduce staking programs, NFT collections, and AI-driven IDO selection. The ongoing presale, ending on May 31st or upon selling all 200 million tokens, offers early buyers $BLP at a discounted price of $0.06, set to increase to $0.065 in the next stage. With strong community support and trust, BlastUP is poised for further growth and innovation in the DeFi space. Follow BlastUP on X and join their Telegram channel for updates.
Crypto & Bitcoin Prediction News - Brief Crypto Daily Newsletter
Photo
BlastUP ($BLP) is revolutionizing the launchpad experience by connecting users with early-stage projects on the Blast ecosystem. With a presale that has raised nearly $6 million in just a couple of months, BlastUP is gaining traction as a trusted community-backed platform.

As a Layer-2 project on Ethereum, BlastUP offers native yield for ETH and stablecoins, with users earning up to 4% APY. The recent launch of the BlastUP app simplifies the process of bridging ETH from Ethereum to Blast, including the ability to purchase ETH with a credit card.

The BlastUP Launchpad ensures quality projects by conducting rigorous screening rounds and offering project support through the Launchpad Accelerator. Certified by Certik and KYC verified by Assure DeFi, BlastUP prioritizes security and transparency.

At the core of BlastUP is the $BLP token, which offers staking rewards and access to exclusive IDOs. With six staking tiers and the opportunity to earn Booster Points, $BLP holders can unlock rewards ranging from NFTs to ETH tokens.

The BlastUP presale, with ten rounds and increasing token prices, has already raised over $5.9 million. With 200 million tokens allocated for the presale and additional tokens for airdrops and staking, BlastUP is poised for continued growth and innovation.

Stay updated with BlastUP by joining their Telegram channel and following them on X.
The Pudgy Penguins NFT project celebrates a milestone, selling over one million Pudgy Penguin toys worldwide in the past year. CEO Luca Schnetzler attributes the surge in sales to the project's popularity, even landing in major retailers like Target.

Originally launched in 2021, Pudgy Penguins faced challenges before Schnetzler acquired the brand for $2.5 million in 2022, leading to its revival. The project's success extends offline, with stuffed toy versions now available in retail giants like Walmart and Target, contributing to its ongoing triumph.

Unique to Pudgy Penguins is its model, allowing NFT holders to earn royalties on sales of physical products featuring their designs. The NFT versions have also gained significant value, with one selling for 400 ETH ($1.17 million).

Partnering with Unstoppable Domains, Pudgy Penguins introduced ".pudgy" domain names, offering holders various web3 functionalities and utility badges. This collaboration enhances the project's innovation and brand strength, marking another milestone in its journey.
Tether CEO Paolo Ardoino responded to Ripple's CEO's concerns about USDT scrutiny, suggesting that Ripple's move to launch its own stablecoin raises questions. He defended Tether's compliance record and transparency efforts, highlighting its role in blocking illicit funds and its adherence to regulatory standards. Despite past criticisms, Tether has taken steps to improve transparency, including quarterly audits by independent third parties, following a $41 million fine by the CFTC in 2021 for misleading customers about its reserves.