ITS Crypto - Invest/Trade/Strategy
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My name is Alex. I have 8+ years of experience using crypto, investments and trading. Here I will share my experience.

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The scammer stole over $650,000 ๐Ÿ™

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 ๐Ÿ—ฟ

This applies to tokens that have โ€˜undergone 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 marketโ€ฆ

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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 FTXโ€™s collapse, these shareholders are seeking the return of their assets alongside other creditors, adding complexity to the process of settling the exchangeโ€™s debts.

The FTX team, in their statement, emphasized that the preferred shareholders were victims of aโ€ฆ

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Ethereumโ€™s 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 โ€œfirst-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 mindsโ€ฆ

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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 courtโ€™s August ruling in the case against Ripple.

In a comment to The Block, an SEC representative noted that the courtโ€™s verdict โ€œcontradicts decades of Supreme Court precedent and federal law.โ€

Judge Analisa Torres fined Ripple $125 million, whereas the SEC had sought $2 billion. The courtโ€™s decision partially upheld the Commissionโ€™s 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 theโ€ฆ

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The crypto market is experiencing a โ€˜hangoverโ€™ ๐Ÿ˜ž

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.

โ€˜I 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 ๐Ÿ—ฃ

He noted that bitcoin's โ€˜recent rallyโ€™ has not broken the seven-month sequence of declining highs and lows

โ€˜Only 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.


ITS Crypto / Invest / Trade / Strategy
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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 โ€œwhaleโ€ was hacked, resulting in $238 million beingโ€ฆ

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Experts predict the formation of a โ€œgolden crossโ€ in the Coinbase premium

The Coinbase premium is often considered an indicator of demand among retail investors in the USโ€”the 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,โ€ฆ

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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 networkโ€™s 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 blockchainโ€™s operation in its early stages. As a result, Nakamoto could adjust the mining difficulty โ€” theโ€ฆ

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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
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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
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Bitcoin decentralisation is a matter of US national security ๐Ÿ‡บ๐Ÿ‡ธ

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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๐Ÿ‘‹ Decided to make a super useful selection of channels for you, each of which will close the need to keep up to date with everything that is happening in the world of cryptocurrencies:

โœ… Crypto Vestor - Crypto Trends โ€” a channel about cryptocurrency and finance, where there is always the latest news, analytics and tips for successful investing in digital assets and financial markets.

โ™ฅ๏ธ Crypto News - Crypto World โ€” here you will find the most up-to-date news about the crypto industry.

๐ŸŒ€ Sigma crypto chad โ€” the author of the channel has 12 years of trading experience and a stellar cryptocurrency team, here he shares savvy ideas and trades.
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Amir Taaki has announced the launch of the alpha version of DarkIRC ๐Ÿ’ก

The messaging service is positioned as โ€˜the world's most trusted anonymous chat service.โ€™

The solution was created in response to โ€˜brutal 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 โ€˜permanentโ€™ 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 countryโ€™s 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.โ€ฆ

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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 UAEโ€™s position as one of the most attractive hubs for the cryptocurrency business.

โ€œThis 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 UAEโ€™s ambition to become a leading hub for cryptocurrency technologies and financial innovations.

The VATโ€ฆ

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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 ๐Ÿซข

"Further evidence that the 'active addresses' metric is extremely misleading! Be careful!", Blockworks Research analysts warned.


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