The scammer stole over $650,000 ๐
Defrauding more than 250 crypto investors in total.
Crypto analyst ZachXBT has reported that a scammer using the pseudonym Ape_31 has defrauded over 250 crypto investors over the past year, stealing over $650,000.
The scheme itself consisted of the attacker publishing fake screenshots of profits from a Bybit demo account. Subsequently, he created a news account and convinced victims to use his paid services. He would then siphon off as much funds as possible and block people.
ITS Crypto / Invest / Trade / Strategy
Defrauding more than 250 crypto investors in total.
Crypto analyst ZachXBT has reported that a scammer using the pseudonym Ape_31 has defrauded over 250 crypto investors over the past year, stealing over $650,000.
The scheme itself consisted of the attacker publishing fake screenshots of profits from a Bybit demo account. Subsequently, he created a news account and convinced victims to use his paid services. He would then siphon off as much funds as possible and block people.
ITS Crypto / Invest / Trade / Strategy
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Binance will add a risk warning ๐ฟ
This applies to tokens that have โundergone significant changes in their tokenomics over the past 18 months.โ
Among such assets are the following:
- Travala (AVA);
- Chiliz (CHZ);
- Enjin Coin (ENJ);
- IOTA (IOTA);
- Lisk (LSK);
- Metal DAO (MTL);
- Orion (ORN);
- Self Chain (SLF);
- Solar (SXP);
- Vanar Chain (VANRY).
ITS Crypto / Invest / Trade / Strategy
This applies to tokens that have โundergone significant changes in their tokenomics over the past 18 months.โ
Among such assets are the following:
- Travala (AVA);
- Chiliz (CHZ);
- Enjin Coin (ENJ);
- IOTA (IOTA);
- Lisk (LSK);
- Metal DAO (MTL);
- Orion (ORN);
- Self Chain (SLF);
- Solar (SXP);
- Vanar Chain (VANRY).
ITS Crypto / Invest / Trade / Strategy
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Bitwise has filed an application for the registration of an XRP ETF
This move comes amid growing interest from institutional investors in crypto assets, despite ongoing regulatory disputes.
The firm has yet to disclose details about the structure or launch date of the fund, leaving investors in anticipation. Nonetheless, this step by Bitwise is a significant event for the market, as it could become the first spot ETF based on XRP, pending regulatory approval.
However, the news did not cause substantial market movements. Over the past 24 hours, the price of XRP has decreased by 3.3%, aligning with the general decline of other crypto assets in the top 10 by marketโฆ
๐ Read More
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This move comes amid growing interest from institutional investors in crypto assets, despite ongoing regulatory disputes.
The firm has yet to disclose details about the structure or launch date of the fund, leaving investors in anticipation. Nonetheless, this step by Bitwise is a significant event for the market, as it could become the first spot ETF based on XRP, pending regulatory approval.
However, the news did not cause substantial market movements. Over the past 24 hours, the price of XRP has decreased by 3.3%, aligning with the general decline of other crypto assets in the top 10 by marketโฆ
๐ Read More
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The FTX has announced its intention to compensate 100% of the assets to preferred shareholders
This statement has generated significant interest as FTX continues the process of restructuring and settling its financial obligations to creditors and investors.
Preferred shareholders are those investors who hold certain advantages over common shareholders, such as the right to receive dividends or a priority claim on the distribution of company assets in the event of bankruptcy. In the context of FTXโs collapse, these shareholders are seeking the return of their assets alongside other creditors, adding complexity to the process of settling the exchangeโs debts.
The FTX team, in their statement, emphasized that the preferred shareholders were victims of aโฆ
๐ Read More
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This statement has generated significant interest as FTX continues the process of restructuring and settling its financial obligations to creditors and investors.
Preferred shareholders are those investors who hold certain advantages over common shareholders, such as the right to receive dividends or a priority claim on the distribution of company assets in the event of bankruptcy. In the context of FTXโs collapse, these shareholders are seeking the return of their assets alongside other creditors, adding complexity to the process of settling the exchangeโs debts.
The FTX team, in their statement, emphasized that the preferred shareholders were victims of aโฆ
๐ Read More
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Ethereumโs Dominance
Today, Ethereum holds a leading position among smart contract platforms due to its large number of applications, developers, and the highest revenue from fees over the past 30 days.
Why is it so difficult to compete with Ethereum?
- First, Ethereum is the first smart contract platform, which has given it high recognition, widespread adoption, liquidity, reliability, and a decentralized structure. This โfirst-mover advantageโ provides Ethereum with a significant competitive edge: the first company or product in a new field gains an advantage simply by being first to enter the market and establish itself in the mindsโฆ
๐ Read More
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Today, Ethereum holds a leading position among smart contract platforms due to its large number of applications, developers, and the highest revenue from fees over the past 30 days.
Why is it so difficult to compete with Ethereum?
- First, Ethereum is the first smart contract platform, which has given it high recognition, widespread adoption, liquidity, reliability, and a decentralized structure. This โfirst-mover advantageโ provides Ethereum with a significant competitive edge: the first company or product in a new field gains an advantage simply by being first to enter the market and establish itself in the mindsโฆ
๐ Read More
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SEC Appeals Court Ruling in Ripple Case
The U.S. Securities and Exchange Commission (SEC) has filed an appeal with the Second Circuit Court, challenging the courtโs August ruling in the case against Ripple.
In a comment to The Block, an SEC representative noted that the courtโs verdict โcontradicts decades of Supreme Court precedent and federal law.โ
Judge Analisa Torres fined Ripple $125 million, whereas the SEC had sought $2 billion. The courtโs decision partially upheld the Commissionโs demands, including banning the company from further violations of securities laws.
The legal battle between the SEC and Ripple has been ongoing since 2020, when the Commission accused theโฆ
๐ Read More
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The U.S. Securities and Exchange Commission (SEC) has filed an appeal with the Second Circuit Court, challenging the courtโs August ruling in the case against Ripple.
In a comment to The Block, an SEC representative noted that the courtโs verdict โcontradicts decades of Supreme Court precedent and federal law.โ
Judge Analisa Torres fined Ripple $125 million, whereas the SEC had sought $2 billion. The courtโs decision partially upheld the Commissionโs demands, including banning the company from further violations of securities laws.
The legal battle between the SEC and Ripple has been ongoing since 2020, when the Commission accused theโฆ
๐ Read More
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The crypto market is experiencing a โhangoverโ ๐
This is stated by Tushar Jain, managing partner of Multicoin Capital. This is happening after a glut of venture capital during the last bull cycle.
ITS Crypto / Invest / Trade / Strategy
This is stated by Tushar Jain, managing partner of Multicoin Capital. This is happening after a glut of venture capital during the last bull cycle.
โI still fundamentally believe in the fundamentals that underpin the industry. We have been through similar cycles before,โ emphasised Jain.
ITS Crypto / Invest / Trade / Strategy
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Peter Brandt shared an opinion ๐ฃ
He noted that bitcoin's โrecent rallyโ has not broken the seven-month sequence of declining highs and lows
ITS Crypto / Invest / Trade / Strategy
He noted that bitcoin's โrecent rallyโ has not broken the seven-month sequence of declining highs and lows
โOnly a close above $71,000, confirmed by a new all-time high in price, would indicate that the trend from the November 2022 low remains valid,โ the expert stressed.
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In the third quarter of 2023, hackers stole over $750 million, further highlighting the vulnerability of the crypto industry to cyberattacks
According to the latest report from CertiK, one of the leading players in the field of cybersecurity in the cryptocurrency world, the total losses for the year have already reached nearly $2 billion. In comparison, the total damage for the entire previous year was $1.75 billion, indicating a significant increase in malicious activity.
The most common attack methods are phishing and private key compromise.
- These methods led to losses totaling $668 million. One of the most notable incidents occurred in August, when a Bitcoin wallet belonging to a major โwhaleโ was hacked, resulting in $238 million beingโฆ
๐ Read More
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According to the latest report from CertiK, one of the leading players in the field of cybersecurity in the cryptocurrency world, the total losses for the year have already reached nearly $2 billion. In comparison, the total damage for the entire previous year was $1.75 billion, indicating a significant increase in malicious activity.
The most common attack methods are phishing and private key compromise.
- These methods led to losses totaling $668 million. One of the most notable incidents occurred in August, when a Bitcoin wallet belonging to a major โwhaleโ was hacked, resulting in $238 million beingโฆ
๐ Read More
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Experts predict the formation of a โgolden crossโ in the Coinbase premium
The Coinbase premium is often considered an indicator of demand among retail investors in the USโthe higher the premium, the stronger the buying pressure.
Analysts examined the metric on an hourly interval, using 24-hour and 168-hour moving averages (HMA). They noted that the crossing of the 24 HMA with the 168 HMA from below was accompanied by significant price movements.
At the moment, the Coinbase premium has already surpassed the 168 HMA (marked by a black arrow), and the gap between the moving averages continues to narrow, according to CryptoQuant.
They also emphasized that periods of golden cross formation,โฆ
๐ Read More
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The Coinbase premium is often considered an indicator of demand among retail investors in the USโthe higher the premium, the stronger the buying pressure.
Analysts examined the metric on an hourly interval, using 24-hour and 168-hour moving averages (HMA). They noted that the crossing of the 24 HMA with the 168 HMA from below was accompanied by significant price movements.
At the moment, the Coinbase premium has already surpassed the 168 HMA (marked by a black arrow), and the gap between the moving averages continues to narrow, according to CryptoQuant.
They also emphasized that periods of golden cross formation,โฆ
๐ Read More
bybit | bingx | okx | Trading Academy๐ฐ | its-crypto.com
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In 2009, Satoshi Nakamoto may have initiated a 51% attack on the Bitcoin network
This was reported by an analyst under the pseudonym Wicked. A 51% attack is a situation where a miner or group of miners gains control of more than half of the networkโs computational power, potentially allowing them to manipulate the blockchain, alter transactions, block new blocks, or even double-spend coins.
However, as the analyst asserts, this attack was not malicious. Instead, it was a planned stress test of the system. The likely goal of the attack was to identify weaknesses in the blockchainโs operation in its early stages. As a result, Nakamoto could adjust the mining difficulty โ theโฆ
๐ Read More
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This was reported by an analyst under the pseudonym Wicked. A 51% attack is a situation where a miner or group of miners gains control of more than half of the networkโs computational power, potentially allowing them to manipulate the blockchain, alter transactions, block new blocks, or even double-spend coins.
However, as the analyst asserts, this attack was not malicious. Instead, it was a planned stress test of the system. The likely goal of the attack was to identify weaknesses in the blockchainโs operation in its early stages. As a result, Nakamoto could adjust the mining difficulty โ theโฆ
๐ Read More
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SlotCoin - spin slots for fun and get your $SLOT ๐
Today we advise you to pay attention to a simple, easy to understand game that will definitely bring rewards to its users.
Also do not forget about additional rewards that you can get thanks to the invitations of your friends, as well as for completing tasks in the section "Earn"๐ค
By the way, the listing is scheduled for Q4 24/Q1 25. All the coins you earn are subsequently converted into $SLOT tokens.
๐ฉ Important: by spinning the Lucky Wheel you have a chance to win $TON, $NOT, $DOGS and $CATI
Join SlotCoin, spin the slots while collecting daily rewards and picking up bonuses!
Today we advise you to pay attention to a simple, easy to understand game that will definitely bring rewards to its users.
Also do not forget about additional rewards that you can get thanks to the invitations of your friends, as well as for completing tasks in the section "Earn"
By the way, the listing is scheduled for Q4 24/Q1 25. All the coins you earn are subsequently converted into $SLOT tokens.
Join SlotCoin, spin the slots while collecting daily rewards and picking up bonuses!
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Bitwise wants to convert three cryptocurrency futures ETFs
The aim of the conversion is to minimise the impact of price volatility and improve returns.
ITS Crypto / Invest / Trade / Strategy
The aim of the conversion is to minimise the impact of price volatility and improve returns.
ITS Crypto / Invest / Trade / Strategy
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Bitcoin will update ATH in May-June 2025?
The data follows from the CoinMarketCap report. In the fourth cycle, bitcoin is significantly ahead of the usual trend, and as a result, the asset could update its all-time high 100 days ahead of schedule.
Bitcoin cycles are closely correlated with halving. In this case, the asset reaches a new ATH between 518 and 546 days since halving.
Following this trend, we can expect the asset to update the high in late 2025 or early 2026.
ITS Crypto / Invest / Trade / Strategy
The data follows from the CoinMarketCap report. In the fourth cycle, bitcoin is significantly ahead of the usual trend, and as a result, the asset could update its all-time high 100 days ahead of schedule.
Bitcoin cycles are closely correlated with halving. In this case, the asset reaches a new ATH between 518 and 546 days since halving.
Following this trend, we can expect the asset to update the high in late 2025 or early 2026.
ITS Crypto / Invest / Trade / Strategy
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Bitcoin decentralisation is a matter of US national security ๐บ๐ธ
Auradine CEO Rajiv Khemani states that.
Third-party firmware, which is updated and changed over time, could theoretically be used to compromise the power grid or launch a 51 per cent attack on the bitcoin network, Khemani said.
ITS Crypto / Invest / Trade / Strategy
Auradine CEO Rajiv Khemani states that.
"Any time you have hardware, software or firmware from a foreign entity connected to your energy infrastructure, which is essentially what bitcoin has become, you need to make sure you're doing proper due diligence and mitigating the risks," he said.
Third-party firmware, which is updated and changed over time, could theoretically be used to compromise the power grid or launch a 51 per cent attack on the bitcoin network, Khemani said.
ITS Crypto / Invest / Trade / Strategy
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Amir Taaki has announced the launch of the alpha version of DarkIRC ๐ก
The messaging service is positioned as โthe world's most trusted anonymous chat service.โ
The solution was created in response to โbrutal censorship of cryptocurrency developers by authoritarian regimes,โ the programmer said.
ITS Crypto / Invest / Trade / Strategy
The messaging service is positioned as โthe world's most trusted anonymous chat service.โ
The solution was created in response to โbrutal censorship of cryptocurrency developers by authoritarian regimes,โ the programmer said.
Unlike traditional messengers that require registration or generate permanent identifiers, DarkIRC allows users to change pseudonyms at any time. Thus messages sent cannot be linked to a โpermanentโ identity.
ITS Crypto / Invest / Trade / Strategy
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Beijing Urged to Reconsider Strict Cryptocurrency Policies
Since 2013, China has been tightening regulations on the cryptocurrency market, and in 2021, it introduced a ban on mining and restricted access to banking services for cryptocurrency companies. These measures were aimed at protecting the countryโs financial system from the volatility of crypto assets and the risks associated with money laundering.
However, more and more voices in the capital are calling for a reconsideration of this policy. Former Deputy Finance Minister Zhu Guangyao has proposed rethinking the approach to cryptocurrencies, noting that in a rapidly changing global financial landscape, it is becoming increasingly difficult to ignore digital assets.โฆ
๐ Read More
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Since 2013, China has been tightening regulations on the cryptocurrency market, and in 2021, it introduced a ban on mining and restricted access to banking services for cryptocurrency companies. These measures were aimed at protecting the countryโs financial system from the volatility of crypto assets and the risks associated with money laundering.
However, more and more voices in the capital are calling for a reconsideration of this policy. Former Deputy Finance Minister Zhu Guangyao has proposed rethinking the approach to cryptocurrencies, noting that in a rapidly changing global financial landscape, it is becoming increasingly difficult to ignore digital assets.โฆ
๐ Read More
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UAE Abolishes VAT on Cryptocurrency Transactions and Transfers
The authorities of the United Arab Emirates have exempted cryptocurrency transactions from the 5% value-added tax (VAT). This decision caught the attention of PwC experts, as it strengthens the UAEโs position as one of the most attractive hubs for the cryptocurrency business.
โThis measure puts digital assets on par with traditional financial instruments (TradFi), reinforcing the legitimacy of cryptocurrencies and promoting their further integration into the economy,โ noted Ankita Dhawan, senior researcher at the Mรฉtis Institute. According to her, this step highlights the UAEโs ambition to become a leading hub for cryptocurrency technologies and financial innovations.
The VATโฆ
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The authorities of the United Arab Emirates have exempted cryptocurrency transactions from the 5% value-added tax (VAT). This decision caught the attention of PwC experts, as it strengthens the UAEโs position as one of the most attractive hubs for the cryptocurrency business.
โThis measure puts digital assets on par with traditional financial instruments (TradFi), reinforcing the legitimacy of cryptocurrencies and promoting their further integration into the economy,โ noted Ankita Dhawan, senior researcher at the Mรฉtis Institute. According to her, this step highlights the UAEโs ambition to become a leading hub for cryptocurrency technologies and financial innovations.
The VATโฆ
๐ Read More
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Everything you may have missed for September we have kindly compiled in one short video ๐
Enjoy!
๐ฑ https://youtu.be/70ntx5IYNgc
Enjoy!
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Crypto News from John Dogster, digest September 2024
Meet John Dogster, the crypto-savvy dog delivering the latest updates in the world of cryptocurrencies. In this episode, he covers the top crypto news from September 2024. Stay tuned for a fun and informative take on the hottest market trends!
Top news ofโฆ
Top news ofโฆ
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80% of addresses in Solana's DEX ecosystem have a cumulative turnover of less than $10 over their entire period of activity ๐ซข
ITS Crypto / Invest / Trade / Strategy
"Further evidence that the 'active addresses' metric is extremely misleading! Be careful!", Blockworks Research analysts warned.
ITS Crypto / Invest / Trade / Strategy
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