New way to steal cryptocurrencies named
Experts of antivirus software producer ESET have named a new popular way to theft of cryptocurrencies from crypto-wallets, as well as illegal mining.
According to one of the managers of ESET in 2021, fraudsters started to spread malware for illegal cryptocurrency mining and stealing money from cryptocurrencies through unique NFT tokens and mobile applications.
The process frequently goes like this: during a computer game, a gamer is offered an NFT token with a unique superpower or weapon for a character.
A virus is embedded in such a token, which then gains access to the player's cryptocurrency.
Progress is not standing still, so please clean your gadgets and check them for viruses.
And pay attention when working with cryptocurrencies.
💎 @TgBitcoin
Experts of antivirus software producer ESET have named a new popular way to theft of cryptocurrencies from crypto-wallets, as well as illegal mining.
According to one of the managers of ESET in 2021, fraudsters started to spread malware for illegal cryptocurrency mining and stealing money from cryptocurrencies through unique NFT tokens and mobile applications.
The process frequently goes like this: during a computer game, a gamer is offered an NFT token with a unique superpower or weapon for a character.
A virus is embedded in such a token, which then gains access to the player's cryptocurrency.
Progress is not standing still, so please clean your gadgets and check them for viruses.
And pay attention when working with cryptocurrencies.
💎 @TgBitcoin
Titano Finance hacked and withdrew $1.9 million
Titano Finance's DeFi protocol was hacked for 4,828 BNB.
TITANO's price first dropped 4.5 times and then rebounded 2.5 times.
Beware of DeFi, especially if they offer 102,438% APY
💎 @TgBitcoin
Titano Finance's DeFi protocol was hacked for 4,828 BNB.
TITANO's price first dropped 4.5 times and then rebounded 2.5 times.
Beware of DeFi, especially if they offer 102,438% APY
💎 @TgBitcoin
Oil and gas GIANT ConocoPhillips is selling natural gas to a bitcoin miner in North Dakota 👀
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👉🏼 @TgBitcoin
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👉🏼 @TgBitcoin
After entering the crypto sector, Meta is facing certain challenges.
In the last couple of days, the company's capitalization has fallen by $251 billion, while its share price has fallen by 28.69% in the last month.
Simultaneously, tokens with Meta's hyped Meta universe are demonstrating signs of growth, according to CoinMarketCap data.
Thus, Metaverse Future (METAF) added 1711.44% over several days, Meta Citi (METACITY) gained 275.13%, MetaPay (METAPAY) grew 206.52%.
It's worth noting that none of these three tokens were among the top 100 or even top 500 crypto-assets by market capitalization.
The reason for this success is that the creators of Meta-tokens are looking to capitalize on a popular trend.
It's a ploy to attract new investors who probably don't realize the distinction between Meta/Facebook tokens and AXS and MANA meta tokens.
💎 @TgBitcoin
In the last couple of days, the company's capitalization has fallen by $251 billion, while its share price has fallen by 28.69% in the last month.
Simultaneously, tokens with Meta's hyped Meta universe are demonstrating signs of growth, according to CoinMarketCap data.
Thus, Metaverse Future (METAF) added 1711.44% over several days, Meta Citi (METACITY) gained 275.13%, MetaPay (METAPAY) grew 206.52%.
It's worth noting that none of these three tokens were among the top 100 or even top 500 crypto-assets by market capitalization.
The reason for this success is that the creators of Meta-tokens are looking to capitalize on a popular trend.
It's a ploy to attract new investors who probably don't realize the distinction between Meta/Facebook tokens and AXS and MANA meta tokens.
💎 @TgBitcoin
Fidelity Launches Europe's Cheapest Bitcoin ETP In Frankfurt
After repeatedly trying, and failing, to get a bitcoin ETF that tracks the spot price of bitcoin approved in the US, Fidelity, the world's fourth-largest asset manager, has instead launched similar products in Canada and Europe. And on Tuesday, the fund-management giant launched its first European spot bitcoin ETP on the Deutsche Börse in Frankfurt.
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👉🏼 @TgBitcoin
After repeatedly trying, and failing, to get a bitcoin ETF that tracks the spot price of bitcoin approved in the US, Fidelity, the world's fourth-largest asset manager, has instead launched similar products in Canada and Europe. And on Tuesday, the fund-management giant launched its first European spot bitcoin ETP on the Deutsche Börse in Frankfurt.
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👉🏼 @TgBitcoin
Chainalysis Report: Illicit Addresses Received $14B in 2021
Though illicit addresses received an all-time high $14 billion worth of crypto last year, criminal activity’s share of cryptocurrency transaction volume has never been lower.
The $14 billion figure in 2021 was up from $7.8 billion of cryptocurrency value gained by illicit addresses the year before, according to a Chainalysis report published Wednesday. Still, these nefarious transactions accounted for 0.15% of crypto volume last year, down from 0.62% in 2020.
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👉🏼 @TgBitcoin
Though illicit addresses received an all-time high $14 billion worth of crypto last year, criminal activity’s share of cryptocurrency transaction volume has never been lower.
The $14 billion figure in 2021 was up from $7.8 billion of cryptocurrency value gained by illicit addresses the year before, according to a Chainalysis report published Wednesday. Still, these nefarious transactions accounted for 0.15% of crypto volume last year, down from 0.62% in 2020.
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👉🏼 @TgBitcoin
Years after calling Bitcoin ‘rat poison,’ Warren Buffett just invested $1 billion in a crypto-friendly bank
Berkshire Hathaway made its crypto investment public with a SEC filing earlier this week. It revealed that Buffett’s company had purchased $1 billion in shares of Nubank, a digital bank based in Brazil, and the largest of its kind in Latin America.
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👉🏼 @TgBitcoin
Berkshire Hathaway made its crypto investment public with a SEC filing earlier this week. It revealed that Buffett’s company had purchased $1 billion in shares of Nubank, a digital bank based in Brazil, and the largest of its kind in Latin America.
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👉🏼 @TgBitcoin
What is an initial game offering (IGO)?
Typically, developers arrange IGOs via token launch platforms.
As a rule, in order to invest in them, participants must lock in the platform's native token for a certain period of time.
Depending on the project, participants may get early access to game tokens or NFTs.
As with any investment, no guarantee that IGOs will turn a profit.
Before investing, be sure to do your own research and assess the potential risks.
For instance, find the website or social media of a game project to study its development plan.
Besides, you can check whether the project is supported by reputable investors or partners.
💎 @TgBitcoin
Typically, developers arrange IGOs via token launch platforms.
As a rule, in order to invest in them, participants must lock in the platform's native token for a certain period of time.
Depending on the project, participants may get early access to game tokens or NFTs.
As with any investment, no guarantee that IGOs will turn a profit.
Before investing, be sure to do your own research and assess the potential risks.
For instance, find the website or social media of a game project to study its development plan.
Besides, you can check whether the project is supported by reputable investors or partners.
💎 @TgBitcoin
Mastercard Adds Crypto Consulting Service in Latest Effort to Boost Cryptocurrency Adoption
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👉🏼 @TgBitcoin
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👉🏼 @TgBitcoin
Compared with the huge fluctuation and instability of the virtual currency Bitcoin, I am more interested in investing in Chinese lottery. The daily income of investment can reach more than 5%. Please join us! \ N Telegram: \ N Link: M.17739.co
💎 @TgBitcoin
💎 @TgBitcoin
The number of illiquid bitcoins is rising almost twice as fast as new coins are being mined.
That is one of the fundamental reasons why the chances of a crypto-winter start are minor now.
For instance, during the bearish year of 2018, the situation was the opposite. New coin issuance then was twice as large as the growth of illiquid supply.
More precisely, long-term hodlers are creating benefits not only for themselves, but for the entire eco-system.
And that is a good potential for the global growth cycle to continue.
💎 @TgBitcoin
That is one of the fundamental reasons why the chances of a crypto-winter start are minor now.
For instance, during the bearish year of 2018, the situation was the opposite. New coin issuance then was twice as large as the growth of illiquid supply.
More precisely, long-term hodlers are creating benefits not only for themselves, but for the entire eco-system.
And that is a good potential for the global growth cycle to continue.
💎 @TgBitcoin
BankofAmerica says Chain could accelerate the adoption of next-generation blockchain use across finance, insurance, supply chain, gaming and gambling.
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👉🏼 @TgBitcoin
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👉🏼 @TgBitcoin
Binance rebranded Binance Smart Chain
The trading platform announced this in a press release.
Within the program Beyond Binance, Binance Smart Chain network is now called BNB Chain.
Under BNB Chain representatives from Binance mean several networks, namely:
BNB Beacon Chain (formerly Binance Chain) - for BNB management (staking, voting).
BNB Smart Chain (BSC) (formerly Binance Smart Chain) - for compatibility with EVM, consensus building.
What exactly was the reason for the rebranding is unknown yet.
Representatives of Binance said that the combination of different blockchain projects within the BNB Chain allows to create a "complete parallel ecosystem", serving users from around the world.
💎 @TgBitcoin
The trading platform announced this in a press release.
Within the program Beyond Binance, Binance Smart Chain network is now called BNB Chain.
Under BNB Chain representatives from Binance mean several networks, namely:
BNB Beacon Chain (formerly Binance Chain) - for BNB management (staking, voting).
BNB Smart Chain (BSC) (formerly Binance Smart Chain) - for compatibility with EVM, consensus building.
What exactly was the reason for the rebranding is unknown yet.
Representatives of Binance said that the combination of different blockchain projects within the BNB Chain allows to create a "complete parallel ecosystem", serving users from around the world.
💎 @TgBitcoin
Berkshire Hathaway’s Charlie Munger Says Government Should Ban Bitcoin — Calls Crypto ‘Venereal Disease’
Berkshire Hathaway Vice Chairman Charlie Munger, Warren Buffett’s right-hand man, wishes crypto would be banned immediately. He says the government made “a huge mistake” to allow cryptocurrencies, like bitcoin. “It’s like a venereal disease,” he opined.
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👉🏼 @TgBitcoin
Berkshire Hathaway Vice Chairman Charlie Munger, Warren Buffett’s right-hand man, wishes crypto would be banned immediately. He says the government made “a huge mistake” to allow cryptocurrencies, like bitcoin. “It’s like a venereal disease,” he opined.
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👉🏼 @TgBitcoin
SAND token staking support added to Polygon
SAND staking has been around before, but only in Ethereum pools.
Now the staking option will also be available for tokenized SANDs on Polygon called mSAND.
To start staking tokens, SAND owners first need to connect their assets to Polygon via so-called "bridges."
The bridge itself in The Sandbox has already been integrated into the game.
Once connected to Polygon, users can choose a SAND/mSAND pair to tokenize assets.
The developers note that the process of approving the transaction can take from 20 to 30 minutes. Once approved, the wallet will be topped up with mSAND tokens.
Amid the news, the price of SAND jumped nearly 8% to $4.2 and the project's market capitalization rose to $4.5 billion.
💎 @TgBitcoin
SAND staking has been around before, but only in Ethereum pools.
Now the staking option will also be available for tokenized SANDs on Polygon called mSAND.
To start staking tokens, SAND owners first need to connect their assets to Polygon via so-called "bridges."
The bridge itself in The Sandbox has already been integrated into the game.
Once connected to Polygon, users can choose a SAND/mSAND pair to tokenize assets.
The developers note that the process of approving the transaction can take from 20 to 30 minutes. Once approved, the wallet will be topped up with mSAND tokens.
Amid the news, the price of SAND jumped nearly 8% to $4.2 and the project's market capitalization rose to $4.5 billion.
💎 @TgBitcoin
Ukraine already trades more crypto than fiat currency
The volume of crypto transactions each day, about $150 million, exceeds the volume of interbank exchanges in fiat currency.
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👉🏼 @TgBitcoin
The volume of crypto transactions each day, about $150 million, exceeds the volume of interbank exchanges in fiat currency.
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👉🏼 @TgBitcoin
Analysts explained the popularity of decentralized exchanges
Decentralized exchanges rapidly gaining popularity thanks to methods of distribution of the proceeds.
This opinion was expressed by Pedro Negron, the junior analyst of IntoTheBlock in his blog.
Specifically, he drew a parallel between the centralized Coinbase exchange and Uniswap, its decentralized counterpart.
Founded in 2012, Coinbase recorded its peak trading volume in May 2021.
Back then, the total amount of money on the exchange reached the $200 billion mark.
Uniswap is a younger site compared to Coinbase, which appeared in 2018.
Deployed on multiple sidechains at once, the exchange also recorded its peak in May 2021 and processed ~$78 billion then.
Here, however, lies a key difference from the centralized exchange model.
As Negron points out, commissions from trades go not to shareholders, but to so-called "liquidity providers."
These are the people who supply cryptocurrency to the public pool of the decentralized exchange, so that transactions on the platform take place with a lower spread.
For their service, the providers receive a percentage of commissions, which makes decentralized exchanges more attractive to investors and traders.
💎 @TgBitcoin
Decentralized exchanges rapidly gaining popularity thanks to methods of distribution of the proceeds.
This opinion was expressed by Pedro Negron, the junior analyst of IntoTheBlock in his blog.
Specifically, he drew a parallel between the centralized Coinbase exchange and Uniswap, its decentralized counterpart.
Founded in 2012, Coinbase recorded its peak trading volume in May 2021.
Back then, the total amount of money on the exchange reached the $200 billion mark.
Uniswap is a younger site compared to Coinbase, which appeared in 2018.
Deployed on multiple sidechains at once, the exchange also recorded its peak in May 2021 and processed ~$78 billion then.
Here, however, lies a key difference from the centralized exchange model.
As Negron points out, commissions from trades go not to shareholders, but to so-called "liquidity providers."
These are the people who supply cryptocurrency to the public pool of the decentralized exchange, so that transactions on the platform take place with a lower spread.
For their service, the providers receive a percentage of commissions, which makes decentralized exchanges more attractive to investors and traders.
💎 @TgBitcoin