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In 2010, Wei Zhang, a Chinese investor, bought thousands of #Bitcoins for less than a penny each, spending just $10. As Bitcoin's value soared, Wei's investment turned into a fortune worth billions.
By 2017, Wei had amassed a staggering 99,000 $BTC . However, in early 2018, a sophisticated phishing attack breached the security of Wei's #crypto margin exchange, CryptoLeap, which he had built in 2014. Hackers stole Wei's entire #BTC fortune, then valued at a jaw-dropping $6 billion.
The incident led to the collapse of CryptoLeap and Wei's resignation. Despite the catastrophic loss, Wei channeled his experience into #cybersecurity , becoming a mentor and advocate for stronger protections in the crypto industry.
Wei's hard-learned lessons now serve to protect future investors from similar attacks. 🔐 $FET $NOT
🚨 Breaking News: Elon Musk's X Says "No" to Crypto Payments! 🚫💰
In a surprising twist, Elon Musk's X (formerly known as Twitter) has decided to exclude #cryptocurrency from its upcoming payment features. 😱 Despite Musk's previous hints at integrating #crypto into the platform, the latest reports suggest that X's payment plans will be limited to traditional fiat currencies. 💸
This unexpected shift has left the crypto community scratching their heads, wondering what happened to Musk's crypto-friendly stance. 🤔 Could it be a strategic move to avoid regulatory hurdles? Or perhaps a change of heart? 💡 #Bitcoin
While X aims to become an "everything app" like WeChat, it seems that crypto won't be part of the equation... at least for now. 😕 But hey, who knows what the future holds? 🔮
🚨 BREAKING NEWS: President Trump Set to Rock the Bitcoin Convention in July! 🚨
In an unprecedented move that's sure to shake up the #crypto world, the one and only Donald J. Trump is reportedly in talks to take the stage at the upcoming #Bitcoin convention in July! 🎤💪
Sources close to the former president have hinted that he's eager to share his thoughts on the future of digital currency and its potential to revolutionize the global economy. 🌍💰 With his trademark wit and no-holds-barred style, you can bet that President #Trump will deliver a speech that's both entertaining and thought-provoking. 🎭🧠
As the world watches with bated breath, one thing is certain: this is an event you won't want to miss! 🎯📣 So mark your calendars and get ready to witness history in the making as President Trump takes the $BTC convention by storm! 🚀🌙
🚨 BREAKING: Mt. Gox Announces July 2024 Bitcoin and Bitcoin Cash Repayments! 💸💸
In a move that could shake the crypto world, Mt. Gox has revealed plans to start repaying creditors in #BITCOIN and Bitcoin Cash from July 2024. 📆💰 This long-awaited decision comes after years of uncertainty and speculation surrounding the fate of the defunct exchange's assets.
The Rehabilitation Trustee has confirmed that the necessary preparations are now complete, ensuring a safe, reliable, and compliant repayment process. ✅🔒 Creditors can finally breathe a sigh of relief as they await the distribution of their long-lost funds.
With over 142,000 $BTC and 143,000 #BCH up for grabs, this development could potentially inject a significant amount of liquidity into the market. 💰🚀 Will this influx of coins lead to increased volatility or a new bull run?
In a recent podcast with RobinSeyr, saylor shared his visionary outlook on #Bitcoin , describing it as a conduit to "economic immortality." Saylor believes that by incorporating Bitcoin into the economy, we can significantly extend the lifespan of corporations beyond the typical 10 years, potentially achieving perpetual existence.
He equated the infusion of Bitcoin into economics to the impact of scientific advances on reducing mortality rates, envisioning a future where capital can be as programmable as code, allowing seamless global transactions. 🌍
The potential for widespread #BTC adoption in #China especially with talks of a Bitcoin ETF in HongKong, underscores its transformative impact. Saylor's perspective, colored by his own strategic investments in $BTC , views the cryptocurrency not just as a financial asset but as a cornerstone for a new economic paradigm.
Over 30,000 $BTC , worth a staggering $2B, have been dumped by miners since June. This historic sell-off marks the fastest pace in over a year, as miners scramble to adapt to the post-halving landscape. The halving event, which reduced mining rewards, has squeezed profits, forcing miners to liquidate their holdings.
As a result, miners' reserves have plummeted to their lowest levels in over 14 years. The sell-off has sent shockwaves through the crypto market, with Bitcoin's price taking a hit, dropping from $71,907 at the beginning of June to $63,378.89 by the end of the month.
But it's not just #Bitcoin feeling the heat. #Altcoins have also experienced significant declines, with some dropping by over 20%. The market is in turmoil, and the future remains uncertain.
Will this sell-off trigger a #domino effect, causing further price drops? Or is this the end of the miners' capitulation, paving the way for a potential market recovery? Only time will tell. 🕰️
#CHR is currently in a downtrend with a recent break and retest of the support zone. This suggests a potential continuation lower towards the next support area at $0.207-$0.217.
🚨 BREAKING NEWS: Binance Takes Action to Freeze $5M in Stolen Funds from BtcTurk Hack 🚨
In a swift and decisive move, #Binance has stepped up to the plate to freeze a staggering $5 million in funds that were looted from BtcTurk following a shocking $54 million hack of the Turkish exchange. 💰💥
This bold move by Binance is a testament to their unwavering commitment to safeguarding the #crypto community and preventing the ill-gotten gains from being laundered or used for nefarious purposes. 🛡️🚫
The incident serves as a stark reminder of the ever-present threat of cyber attacks in the world of #cryptocurrency , and the importance of robust security measures to protect users' assets. 🔒🌐
Binance's swift action sends a clear message to hackers and malicious actors: the crypto community stands united against criminal activities and will not tolerate such brazen acts of theft. 🤝💪
As the investigation unfolds, it's crucial for users to remain vigilant and take necessary precautions to protect their own funds. Remember, the safety of your crypto assets ultimately lies in your hands. 🔑👀
🚨 Breaking News: Hamster Kombat's TON Token Launch Set to Dethrone Notcoin! 🚨
Get ready, crypto enthusiasts! #Hamster Kombat is gearing up for a #TON token launch, and this time, it's aiming for the big leagues. With a staggering 150 million users already in the game, the hamster-themed sensation is poised to become the new king of the blockchain. 🐹💎
Forget about #Notcoin measly 2 million users – Hamster Kombat is about to unleash a tidal wave of excitement and potential. With a user base that's over 75 times larger, this launch is set to be a game-changer. 🚀
So, buckle up and get ready for the ride of a lifetime. Hamster Kombat is about to take the #crypto world by storm, and you won't want to miss out on this epic adventure. 🌪️🌍
CoinStats users, take immediate action! A recent security incident has compromised wallets created on the platform, urging users to move their funds ASAP. 🔐💸
The breach, affecting 1,590 wallets (1.3% of all CoinStats wallets), has led to an urgent migration advisory. While externally connected wallets remain unaffected, those created within the app are at risk. 🔒👀
#CoinStats advises users with exported private keys to transfer their funds immediately to prevent potential losses. 📥💰
Stay vigilant and prioritize your #crypto safety! 🌐⚡️
Elon Musk Reclaims $44.9B Tesla Pay Package in Shareholder Vote, Named World's Richest Person in June 2024
In a stunning turn of events, Elon Musk has successfully reclaimed his $44.9 billion pay package from #Tesla in a recent shareholder vote. Despite facing legal challenges earlier this year, this vote reaffirms the confidence shareholders have in Musk's leadership and vision for the electric vehicle giant.
The victory comes amidst a series of high-profile achievements for Musk, including the successful launch and return of SpaceX's Starship rocket, which is set to play a pivotal role in the expansion of the Starlink satellite network. With his sights set on the stars, Musk's ambitions continue to reach new heights.
Musk's influence extends beyond the realm of space exploration, as he has also been named the world's richest person in June 2024. This accolade is a testament to his relentless pursuit of innovation and his ability to disrupt industries with his groundbreaking ideas.
As #Musk continues to make waves in the tech world, the future looks bright for Tesla and its visionary leader. With his unwavering determination and penchant for pushing boundaries, it's no wonder that Musk remains a force to be reckoned with in the business landscape.
1INCH Navigates a Turn: Consolidation or Correction? 🟥🟩
#1INCH may have broken its upward channel, but the overall trend remains #bullish. The price respects key support and resistance levels, offering valuable insights.
Here's what to watch:
• Bitcoin Dependence: If #BTC dips to $60k, expect $1INCH to follow suit, potentially finding support around $0.3180-$0.3300.
• Strong Demand Zone: This support level coincides with a historical area of high buying activity, suggesting potential buying pressure.
While the chance of reaching this level seems high, it's not guaranteed.
Here's what to do:
• Monitor Bitcoin: A $BTC drop could trigger a 1INCH pullback.
• Consider the Support: The $0.3180-$0.3300 zone could be an opportunity for accumulation if the price holds.
#Litecoin is facing a critical juncture. The price is hovering around the crucial support zone of $73-$75. A daily candle closing above this area would signal potential #bullish momentum. Conversely, a break below could trigger a significant sell-off.
Considering a Long Position?
If you're bullish on $LTC , a small long position at the support area could be an option. However, exercise caution and implement a tight stop-loss order below $70 to mitigate risk.⚠️
Resistance Ahead:
If #LTC successfully breaks above the support zone, the next hurdle lies in the resistance area of $82-$83.5. A decisive break above this level could indicate further price appreciation.
Bitcoin Sideways Despite ETF Influx: Who Holds the Keys? 🔐
Bitcoin's recent price lull coincides with rising US Spot ETF inflows, sparking questions. Let's compare ETF holdings (862k BTC) to other major players:
Combined, these entities hold ~4.23M #Bitcoin , a significant chunk (27%) of the adjusted circulating supply (excluding dormant coins). While ETF demand is notable, it's just one piece of the puzzle.
$ORDI has been on a downward spiral, confined within a downtrend channel. This pattern suggests a potential continuation of the decline, but a breakout could signal a shift. Here's a closer look:👀
Current Situation:
#ORDI is stuck within a downtrend channel, indicating a bearish bias. A clear price breakout above the channel is needed to establish a #bullish trend.
Challenges for ORDI:🥊
•Multiple hurdles exist for a price increase.
•Overcoming the resistance zone at $51.00 is crucial for any potential buy signals.
Where to Look for a Turnaround:
A breakout above the downtrend channel, along with increased trading volume, could indicate a reversal.