A critical vulnerability has been discovered in the Solana blockchain! 🚨
Yesterday, it was reported that a serious security flaw had been found in Solana’s system. 🔎
▪️ By the time the vulnerability was publicly disclosed, it had already been addressed
👀 The Solana Foundation was able to keep the issue confidential thanks to their approach of maintaining communication with major validators through secure channels.
🔨 Within 5 days, the blockchain implemented a fix and secured over 70% of the network, ensuring that the vulnerability was not exposed early enough for potential exploitation.
Yesterday, it was reported that a serious security flaw had been found in Solana’s system. 🔎
▪️ By the time the vulnerability was publicly disclosed, it had already been addressed
👀 The Solana Foundation was able to keep the issue confidential thanks to their approach of maintaining communication with major validators through secure channels.
🔨 Within 5 days, the blockchain implemented a fix and secured over 70% of the network, ensuring that the vulnerability was not exposed early enough for potential exploitation.
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Tether CEO Paolo Ardoino has raised concerns that the EU's MiCA regulation could threaten stablecoins and the banking system.
👀 MiCA requires that at least 60% of stablecoin reserves be held in EU bank accounts. Ardoino noted that banks operate on a fractional reserve system, meaning only a fraction of deposits are available for withdrawal at any time. 💵
He also pointed out that cash deposits in the EU are insured up to just $100,000.
📉 🤷Ardoino highlighted the 2023 collapse of Silicon Valley Bank, which was a reserve bank for USDC and led to USDC losing its dollar peg, as a key example of the potential risks.
👀 MiCA requires that at least 60% of stablecoin reserves be held in EU bank accounts. Ardoino noted that banks operate on a fractional reserve system, meaning only a fraction of deposits are available for withdrawal at any time. 💵
He also pointed out that cash deposits in the EU are insured up to just $100,000.
📉 🤷Ardoino highlighted the 2023 collapse of Silicon Valley Bank, which was a reserve bank for USDC and led to USDC losing its dollar peg, as a key example of the potential risks.
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"BTC back to 60K, we're back bro"
Guy who bought Bitcoin at $70,000 🤣
Guy who bought Bitcoin at $70,000 🤣
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A user paid $90,000 for a $2,200 transfer in Ethereum! 🙀
An unknown user likely accidentally paid 34 ETH ($89,239) in gas fees for a transfer of 0.88 ETH valued at approximately $2,262. 🤷
👀 According to YCharts, the average fee on the Ethereum network dropped to a January low of $0.52 on August 10.
According to Ethereum Gas Tracker, the current network fee for the most expensive transaction—an NFT sale—is $6.14 for high priority. 🧐
An unknown user likely accidentally paid 34 ETH ($89,239) in gas fees for a transfer of 0.88 ETH valued at approximately $2,262. 🤷
👀 According to YCharts, the average fee on the Ethereum network dropped to a January low of $0.52 on August 10.
According to Ethereum Gas Tracker, the current network fee for the most expensive transaction—an NFT sale—is $6.14 for high priority. 🧐
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🇻🇪 Venezuela blocks both Binance and X (Twitter) amid the unrest following the presidential election. 🚫
Binance's P2P service is highly popular in Venezuela, where people frequently convert fiat to crypto to fight inflation.
Binance representatives assured that the funds of its users are safe.
Previously, Elon Musk vowed to "burn the mustache" of Venezuelan President Maduro in response to the country blocking X. 😁 🔥
Binance's P2P service is highly popular in Venezuela, where people frequently convert fiat to crypto to fight inflation.
Binance representatives assured that the funds of its users are safe.
Previously, Elon Musk vowed to "burn the mustache" of Venezuelan President Maduro in response to the country blocking X. 😁 🔥
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Kamala Harris Takes the Lead! 🚀
On Polymarket, Kamala Harris has pulled ahead in the race against Trump, leading by 7%. 🧐
Who will be the next U.S. president?
⚡️ — Trump
❤️ — Harris
On Polymarket, Kamala Harris has pulled ahead in the race against Trump, leading by 7%. 🧐
Who will be the next U.S. president?
⚡️ — Trump
❤️ — Harris
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Binance is delisting Monero, Bitcoin Gold, and Bitshares entirely.
Users can withdraw Monero, Multichain, Bitcoin Gold, and several other delisted cryptocurrencies until September 1, 2024.
📅 After this date, the platform will take a snapshot of the relevant user balances and convert the assets into the stablecoin USDC. Equivalent amounts will be credited to user wallets by March 1, 2025.
You can find the full list of affected coins here. 🧐
Users can withdraw Monero, Multichain, Bitcoin Gold, and several other delisted cryptocurrencies until September 1, 2024.
📅 After this date, the platform will take a snapshot of the relevant user balances and convert the assets into the stablecoin USDC. Equivalent amounts will be credited to user wallets by March 1, 2025.
You can find the full list of affected coins here. 🧐
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Whale is selling 1 million ETH bought during the ICO! 💰
🐳 A whale, who received 1 million ETH during the ICO, has been regularly transferring batches of 1k-5k ETH to exchanges and has already sold 48,500 ETH.
The latest transfer was 5,000 ETH and took place about a day ago. 🧐
The whale acquired ETH at a rate of $0.31 and is now indifferent to the selling price.
🐳 A whale, who received 1 million ETH during the ICO, has been regularly transferring batches of 1k-5k ETH to exchanges and has already sold 48,500 ETH.
The latest transfer was 5,000 ETH and took place about a day ago. 🧐
The whale acquired ETH at a rate of $0.31 and is now indifferent to the selling price.
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Trump-Musk Interview Misses Crypto Buzz 🤷
In a highly anticipated interview between former President Donald Trump and X CEO Elon Musk, digital assets like Bitcoin and crypto were notably absent from the discussion. 🧐
Despite bettors on Polymarket predicting a 60-69% chance of crypto mentions, Trump didn't address the topic. The interview, which attracted over 1 million listeners, covered issues like immigration, the economy, and AI but skipped over digital currencies. 😳
Technical issues caused a 45-minute delay, with Musk citing a "massive DDOS attack" on X, though some sources question this claim. High-stakes bettors had wagered significant amounts on Trump mentioning various topics, with one user winning over $1 million by correctly predicting Trump would not mention "crypto."
Crypto continues to be a hot topic in election discussions, but it remains overlooked in mainstream events. 💬📉
In a highly anticipated interview between former President Donald Trump and X CEO Elon Musk, digital assets like Bitcoin and crypto were notably absent from the discussion. 🧐
Despite bettors on Polymarket predicting a 60-69% chance of crypto mentions, Trump didn't address the topic. The interview, which attracted over 1 million listeners, covered issues like immigration, the economy, and AI but skipped over digital currencies. 😳
Technical issues caused a 45-minute delay, with Musk citing a "massive DDOS attack" on X, though some sources question this claim. High-stakes bettors had wagered significant amounts on Trump mentioning various topics, with one user winning over $1 million by correctly predicting Trump would not mention "crypto."
Crypto continues to be a hot topic in election discussions, but it remains overlooked in mainstream events. 💬📉
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Founder of now-defunct Canadian exchange ezBtc, David Smillie, misappropriated around $9.5M of customer funds, using them for gambling. 😁
Smillie diverted approximately 935 BTC and 159 ETH, transferring them to gambling sites and personal accounts. 🎰
Investors suffered significant losses as a result. Sanctions against a loser player are expected by September 24, potentially including monetary penalties and market bans. 🚫
Smillie diverted approximately 935 BTC and 159 ETH, transferring them to gambling sites and personal accounts. 🎰
Investors suffered significant losses as a result. Sanctions against a loser player are expected by September 24, potentially including monetary penalties and market bans. 🚫
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Expert Warns of Bitcoin Correction Risks Amid "Death Cross" ☠️
📉 The formation of a "Death Cross" pattern on Bitcoin's chart signals a potential new wave of selling, despite the current rebound. This was noted by a risk manager at YouHodler.
The mentioned signal occurs when the 50 DMA crosses below the 200 DMA. 🧐
Do you believe the "Death Cross" will lead to a bear market? If so, hit the 👍.
Forget the bears. In September, the U.S. Federal Reserve will lower rates, which will immediately push Bitcoin, which correlating with the stock market, to rise - 🔥
📉 The formation of a "Death Cross" pattern on Bitcoin's chart signals a potential new wave of selling, despite the current rebound. This was noted by a risk manager at YouHodler.
The mentioned signal occurs when the 50 DMA crosses below the 200 DMA. 🧐
Do you believe the "Death Cross" will lead to a bear market? If so, hit the 👍.
Forget the bears. In September, the U.S. Federal Reserve will lower rates, which will immediately push Bitcoin, which correlating with the stock market, to rise - 🔥
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Coinbase has announced the launch of its own wrapped BTC.
👀 The asset will be named cbBTC. Details are still scarce, but some speculate it will be a wrapped BTC on its own L2 network, Base.
Previously, a series of events surrounding WBTC caused significant concern among its holders. In particular, people were unsettled by the fact that Justin Sun would be involved in the project. 🧐
👀 The asset will be named cbBTC. Details are still scarce, but some speculate it will be a wrapped BTC on its own L2 network, Base.
Previously, a series of events surrounding WBTC caused significant concern among its holders. In particular, people were unsettled by the fact that Justin Sun would be involved in the project. 🧐
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Crypto.com has become an official partner of the UEFA Champions League. ⚽️
3,000,000,000 football fans will see the exchange's logo on stadiums and through broadcasts. 📺
3,000,000,000 football fans will see the exchange's logo on stadiums and through broadcasts. 📺
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