The SEC has revealed that a SIM swap attack was behind a false Bitcoin ETF approval announcement. The attacker reportedly gained control of a high-ranking officialâs phone number and used it to spread false information. The incident highlights the ongoing security challenges facing the cryptocurrency industry. The SEC has launched an investigation into the incident and is working to improve its security measures. The incident serves as a reminder of the importance of strong cybersecurity practices in the cryptocurrency industry. It also underscores the potential for misinformation to impact cryptocurrency pricesđ±.
FTX, a major cryptocurrency exchange, has sold a majority of the bankrupt exchangeâs Grayscale Bitcoin Trust shares. The sale comes as FTX seeks to liquidate assets following its bankruptcy. The Grayscale Bitcoin Trust is a popular investment product that offers exposure to Bitcoin. The sale of these shares could potentially impact the price of Bitcoin. However, FTX has not disclosed the exact number of shares sold or the sale price. The situation highlights the risks associated with investing in cryptocurrencies and the importance of due diligenceđ„.
The US government has announced that it will auction off $116 million in Bitcoin. This Bitcoin was seized from a darknet dealer known as âXanaxmanâ. The auction represents one of the largest public sales of Bitcoin to date. The proceeds from the auction will go towards various government initiatives. This event highlights the ongoing issue of illegal activities facilitated by cryptocurrencies. It also underscores the governmentâs commitment to regulating and monitoring cryptocurrency transactions.
Mt. Gox, the now-defunct Bitcoin exchange, has confirmed creditorsâ Bitcoin addresses for repayment. This move brings the exchange one step closer to repaying victims of the 2014 hack. The hack, which resulted in the loss of 850,000 Bitcoins, was one of the largest in history. The repayment process has been a long and complex one, involving numerous legal battles. The confirmation of Bitcoin addresses is a significant milestone in this process. However, it remains unclear when the repayments will be completedđ±.
Brinkâs, the armored truck giant, has announced a partnership with Bitgo, a digital asset security platform. The partnership aims to enhance the security of cryptocurrency transactions. Brinkâs is known for its robust security measures, and this partnership represents a significant step towards mainstream acceptance of cryptocurrencies. The partnership will leverage Brinkâs expertise in physical security to protect Bitgoâs digital assets. This move could potentially boost confidence in the security of digital asset transactions. It also underscores the growing intersection between traditional finance and the digital asset industry. đč
Bitcoin, the worldâs largest cryptocurrency by market cap, has reclaimed the $41,000 mark. This comes after a period of short-term consolidation. The price increase is seen as a positive sign by investors, indicating strong market sentiment. However, itâs important to note that cryptocurrency prices are highly volatile and can change rapidly. Investors are advised to do their own research and exercise caution. The $41,000 mark is seen as a key resistance level, and maintaining this level could signal further upward movementđ°. $BTC #BTCto40k #BTC-ETF #BTCđ„đ„ #btcclub #BitcoinETFđ°đ°đ°
Core DAO, a decentralized autonomous organization, has launched a $5 million âInnovation Fundâ. The fund is designed to support Africa-based Web3 developers. This initiative is part of a broader effort to promote blockchain technology and cryptocurrencies in Africa. The fund will provide financial support to developers working on innovative projects in the Web3 space. This move is expected to stimulate the growth of the blockchain industry in Africa. It also highlights the potential of decentralized finance (DeFi) to drive economic development in emerging markets.đ°
Bitcoin, the worldâs first and largest cryptocurrency, has been experiencing a lot of volatility lately.
The price of Bitcoin has fluctuated between $39,000 and $42,000 in the past week, as investors weigh the impact of various factors, such as the approval of spot Bitcoin ETFs in the US, the DDoS attack on Manta Network, and the comments from former President Donald Trump.red
According to the latest technical analysis from TradingView, Bitcoin is currently in a strong sell zone, as most of the indicators and moving averages suggest a bearish trend. The RSI is neutral, the MACD is positive, but the ADX, CCI, and Stochastic are all negative.
The pivot points show that the support levels are at $41,604, $41,555, and $41,486, while the resistance levels are at $41,946, $41,989, and $42,058. đ°
However, some analysts believe that Bitcoin could soar in 2024, as the network undergoes a major upgrade called Taproot, which will improve its scalability, privacy, and security. Moreover, the demand for Bitcoin could increase as more institutional investors and retail traders adopt it as a store of value and a hedge against inflation.
Some of the positive news for Bitcoin include the launch of BITB, a low-cost spot Bitcoin ETF backed by crypto specialists, the accumulation of 25,067 BTC by Blackrock, the worldâs largest asset manager, and the defiance of El Salvadorâs President Nayib Bukele against the IMFâs criticism of his Bitcoin plan.
In conclusion, Bitcoin is facing a lot of challenges and opportunities in the current market environment. The price of Bitcoin is likely to remain volatile in the short term, but the long-term outlook is still bullish, as the fundamentals and the innovation of the Bitcoin network remain strong. Investors and traders should be cautious and do their own research before making any decisions.
I think that when the prices of some cryptocurrencies go down, it is a good chance to buy more of them, especially the ones that I really believe in đ
âȘ I bought more $CRE when its market cap was 30 million dollars, and I also bought more $VRD when its price was low.
đŽ $OPSEC has been very secure and reliable, but I did not manage to buy more of it.
đĄ $BXBT reached a new record high price, but many people are not aware of it.
đŁ $AIX is doing well, and its market cap is around 16 million dollars. $MZERO also has a strong support level.
đ€ I think $SENT will start to increase in price when the developers announce some exciting news.
đThe @AITProtocol team has been busy in the last week.
â The $AIT Beta version of the Data Annotation Platform is now available. It gives users a chance to test the platform while itâs being fixed.
app.ait.tech/tasks/
â They announced a launch pad that is coming soon with an IDO reveal!
â They have burned 800K of AIT and bought back $150k in ETH!
â They shared their revenue!
I believe this is the bottom for $AIT. After a big sell-off of 50% from the hype, it bounced back to the old ATHS. Good respect for fibs. Once it breaks the range POC, it will challenge ATHS.
I believe that First Mover projects offer the best opportunity to increase your returns, if you get in early enough.
Here are some of the overlooked first movers, that are waiting for some serious attention đ
đą $VMINT - The first of its kind AI powered Market Making service. Generating 5 figures revenue a month (verified with the team).
đŁ $GENE - Tapping into the DeSci narrative and enabling people to share their genes anonymously for research purposes.
đĄ $MZERO - The first WEB3 Marketplace for Steam and other gaming marketplaces, allowing you to trade gaming cosmetics on chain.
đŽ $WEBAI - The first AI powered website builder for only $10 per website. This could be a smart investment as AI is becoming more and more prevalent in our daily lives.
These are some amazing first movers, and Iâm glad to hold them until their story is compelling and people see how undervalued these projects are đ€
Bonk vs Pepe: A Tale of Two Meme Coins on Different Blockchains
Meme coins are cryptocurrencies that are created for fun or as jokes, but often gain popularity and value due to social media hype. Bonk (BONK) and Pepe (PEPE) are two examples of meme coins that are based on different blockchains: Solana and Ethereum.
Bonk is a dog-themed memecoin that was launched on Solana in January 2021. It claims to be the first memecoin on Solana, and has some features such as NFTs, staking, and lottery. Bonk has surged over 370% in the last month, and has become the third-largest memecoin by market cap1.
Pepe is a frog-themed memecoin that was launched on Ethereum in September 2016. It is based on the Pepe the Frog meme, which is a popular internet character. Pepe is a simple and straightforward memecoin, that does not have any additional features or utilities. Pepe has a loyal and active community of Pepe lovers2.
Both Bonk and Pepe are meme coins that have gained attention and value, but they have different characteristics and appeal. Which one do you prefer? Let us know in the comments. đ¶đž
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