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🚨🚨 A person was scammed and lost 1,155 Bitcoin, which is worth $68 million, by copying a wallet address other than his own 😢😯. With this scam method, the scammer creates a wallet address that is very similar to the victim’s address. He then sends him small transactions so that the victim thinks it is his address. The victim then copies the address without noticing much, just seeing the letters or numbers for the first and last. ⚠️ Always when transferring large amounts, do a test transfer. Send a very small amount to the wallet you want to send it to, and check the address, number by number and letter by letter. This field is very, very strange. Also, the person who was scammed in 1155 Bitcoin, which is worth $70M, one million dollars? The fraudster converted 1155 Bitcoin into 22,960 Ethereum and returned it to the victim 😂 A very polite fraudster, and the strange thing is why he converted it to Ethereum and returned it. He wants to send him a message telling him that Ethereum is better than Bitcoin, or how? 😂😂.

🚨🚨 A person was scammed and lost 1,155 Bitcoin, which is worth $68 million, by copying a wallet address other than his own 😢😯.

With this scam method, the scammer creates a wallet address that is very similar to the victim’s address. He then sends him small transactions so that the victim thinks it is his address. The victim then copies the address without noticing much, just seeing the letters or numbers for the first and last.

⚠️ Always when transferring large amounts, do a test transfer. Send a very small amount to the wallet you want to send it to, and check the address, number by number and letter by letter.

This field is very, very strange.

Also, the person who was scammed in 1155 Bitcoin, which is worth $70M, one million dollars?

The fraudster converted 1155 Bitcoin into 22,960 Ethereum and returned it to the victim 😂

A very polite fraudster, and the strange thing is why he converted it to Ethereum and returned it. He wants to send him a message telling him that Ethereum is better than Bitcoin, or how? 😂😂.

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Charles Hoskinson Defends Cardano's Progress Against Media Claims. Cardano's founder Charles Hoskinson strongly rejected recent media claims about the cryptocurrency ADA's decline, asserting that the network continues to make promising developments. Hoskinson's frustration was evident as he addressed what he sees as a significant disconnect between media perception and Cardano's actual progress and fundamentals. He highlighted several key developments underscoring Cardano's strength and bright future. Hoskinson Expresses His Discontent. Hoskinson took to the social media platform X to express his dissatisfaction with the current narrative surrounding ADA. "Throughout my career, I have never seen such a deep disconnect between the reality and perception of Cardano's true fundamentals against cryptocurrency influencers and media," he said. The upcoming Chang Hard Fork forms one of the cornerstones of significant developments for ADA. This hard fork will burn all seven genesis keys, fully transferring protocol control to the Cardano community and marking a historic step towards full decentralization. The upgrade, as outlined in CIP-1694, will not only enhance on-chain governance but also introduce delegated representatives (DReps) to further decentralize decision-making processes. Key Highlights for Hydra. Beyond the hard fork, Hoskinson highlighted a series of initiatives designed to foster growth and innovation within the Cardano ecosystem. Among these is Hydra, a Layer-2 scalability solution poised to increase transaction speeds and reduce costs. This technology is now reaching maturity. Additionally, Cardano is expanding through sidechains like Midnight and Prism, exemplifying the network's collaborative and innovative potential. Cardano's vibrant community is another testament to its strength. This strength is clearly seen in the increasing number of decentralized applications (DApps) and significant research efforts on blockchain scalability. Upcoming key events will further showcase Cardano's strong community and drive for innovation.
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Shiba Inu (SHIB) and Cardano Explode With Whale Activity. The cryptocurrency market has recently witnessed significant movements on Shiba Inu (SHIB) and Cardano (ADA) as both tokens experience substantial increases in large-scale transactions. Santiment reports indicate that this surge is largely driven by increased interest from whale investors, characterized by transactions exceeding $100,000. This week, the number of such large transactions for SHIB and ADA has more than doubled compared to the average for 2024. On a chart attached to the post, one can see that the current figure for such massive transactions for ADA token remains at 875, and for SHIB token at 321. However, even the day before, the numbers were much lower - around 455 for Cardano and 81 for Shiba Inu. excessive whale activity regarding SHIB, as whales, who bought the token super early in 2021, recently accumulated more than 1.3 trillion Shiba Inu, equivalent to $33.28 million. It remains to be seen if this is real accumulation by large players in these digital assets. As of now, the prices of ADA and SHIB are experiencing a slight downfall, with both of them quoting in red today. However, if we look at the bigger picture, we may see that since the beginning of the week, in the last three days, the price of Shiba Inu and the price of Cardano added 3.8% and 2.5%, respectively, amid the lack of volatility and rapid fluctuations. This fact may signal that whales are indeed here, and they are on the buying side.
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Bitcoin (BTC) Paints Critical Pattern: Is Rally Over? Bitcoin broke through the $70,000 barrier, a massive milestone, but not everything is so great. That being said, traders should be aware of a potentially dangerous pattern that is developing on the chart: a double top pattern around the $71,900 mark. What exactly is a double top pattern? Generally speaking, this pattern is interpreted as a bearish reversal signal, suggesting that the asset may find it difficult to continue rising. It develops when the price reaches a peak, falls, then rises to the peak once more before beginning to decline. The bullish momentum appears to be waning, as indicated by this double peak and a downward trend may ensue. The price of Bitcoin tried to rise after reaching $70,000, but it encountered resistance close to $71,900, as can be seen in the current chart. The completion of the double top formation by Bitcoin might indicate the end of the current rally if it is unable to overcome this resistance and retreats. This cautious outlook is supported by a number of indicators. According to the RSI, a price correction is typically preceded by overbought levels, which Bitcoin is approaching. Furthermore, the volume did not increase all that much during the most recent upward move, which may indicate that the buying pressure is waning. However, do not forget the larger picture. Even in spite of these red flags, in the past, Bitcoin has consistently displayed bullish behavior and resilience, frequently challenging technical analysis patterns. Institutional interest and widespread adoption are both growing and the market sentiment at the moment is still mainly positive, thanks to the ETF. Traders need to be on guard. The double top pattern may be confirmed and a possible decline in price could result if Bitcoin breaks below the $70,000 support level.
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XRP Plots Bullish Rebound on 2.4 Billion Traded Tokens. XRP, the payment token associated with Ripple Labs Inc., is currently exhibiting a bullish rebound, with approximately 2.4 billion tokens traded within the last 24 hours. XRP's recent movement is quite notable as it follows a decline since May 21. Factors fueling XRP's surge. According to data from CoinMarketCap, XRP increased by 0.18% to trade at $0.5265. The market cap also increased by 0.29% to $29 billion, making XRP the seventh largest cryptocurrency in the world. The current surge in XRP's price can be attributed to the current rebound on the broader crypto market. Top cryptocurrencies like Bitcoin (BTC), Ethereum (ETH) and Binance Coin (BNB) saw the price increase substantially in the past few days. Additionally, expectations for the launch of a spot XRP ETF may have also influenced positive sentiment on the market. The anticipation is based on the recent approval of spot Ethereum ETFs by the U.S. Securities and Exchange Commission (SEC). Accordingly, some analysts and crypto enthusiasts believe XRP could be the next crypto to get regulatory ETF approval. If this eventually happens, they claim XRP could see a supply shock that could fuel further price increases. Aligning with this view is Ripple's CEO Brad Garlinghouse. Garlinghouse said the launch of an XRP ETF is inevitable. XRP bridges crucial aupport level. Historically, the $0.51 mark has been a critical support level for XRP. Based on observation, XRP maintaining this price has led to price increases for the cryptocurrency in the past. On the other hand, a breach below this level resulted in price declines. Therefore, XRP's price at $0.5265 means the token could be pushing for more increases soon. Traders should, however, look out for other metrics that could influence XRP's price before investing their money in the digital asset.
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