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My First Loss in the Crypto Space
It all happened when I participated in the Catly Ponzi scheme.
Last year, a friend introduced me to the crypto project "Catly." To earn Catly tokens, you stake your initial sign up bonus, and after a specific period, your staked Catly tokens yield additional tokens, creating a continuous cycle.
When he first told me about it, he had about $17 in his account so when I showed interest, he offered to sell his account to me. Since he already had a some referrals, I bought his account.
Actively involved in the Catly crypto project, I consistently staked and earned rewards, increasing my token holdings. To boost my earning rate, I spent $47 on additional tokens, totaling $64. Enjoying substantial earnings, I withdrew $23, leading to a daily earning rate exceeding $2.
later on my friend who referred me warned me that it resembled a Ponzi scheme suggesting that I unstake and withdraw all my funds but I refused.
When it finally happened, I lost everything, over $100 đ . They disabled withdrawals saying that they were moving to the next phase that involved launching their mainnet and crediting our wallets with the Catly tokens stuff like that. That stupid naive version of myself actually believed that. Since then up till now, they have done nothing.
Their site still remains functional up till now (catly.io) but I can't withdraw my funds. I ignored my friend's warning and ended up losing everything, only managing to withdraw twice, which didn't cover my initial investment.
I learnt the hard way from this experience. There are many legit crypto projects you can earn from like some airdrop - an example Ice. But a definite red flag is when you're asked to invest real funds to participate or increase your earnings just like in Catly.
And also before you take part in any investment scheme not just crypto related, make thorough investigation and research to avoid losing your funds. This loss made me a new man đ. Damn!
Don't forget to like, share and follow.
Good morning from Nigeria.
#ozuru
It all happened when I participated in the Catly Ponzi scheme.
Last year, a friend introduced me to the crypto project "Catly." To earn Catly tokens, you stake your initial sign up bonus, and after a specific period, your staked Catly tokens yield additional tokens, creating a continuous cycle.
When he first told me about it, he had about $17 in his account so when I showed interest, he offered to sell his account to me. Since he already had a some referrals, I bought his account.
Actively involved in the Catly crypto project, I consistently staked and earned rewards, increasing my token holdings. To boost my earning rate, I spent $47 on additional tokens, totaling $64. Enjoying substantial earnings, I withdrew $23, leading to a daily earning rate exceeding $2.
later on my friend who referred me warned me that it resembled a Ponzi scheme suggesting that I unstake and withdraw all my funds but I refused.
When it finally happened, I lost everything, over $100 đ . They disabled withdrawals saying that they were moving to the next phase that involved launching their mainnet and crediting our wallets with the Catly tokens stuff like that. That stupid naive version of myself actually believed that. Since then up till now, they have done nothing.
Their site still remains functional up till now (catly.io) but I can't withdraw my funds. I ignored my friend's warning and ended up losing everything, only managing to withdraw twice, which didn't cover my initial investment.
I learnt the hard way from this experience. There are many legit crypto projects you can earn from like some airdrop - an example Ice. But a definite red flag is when you're asked to invest real funds to participate or increase your earnings just like in Catly.
And also before you take part in any investment scheme not just crypto related, make thorough investigation and research to avoid losing your funds. This loss made me a new man đ. Damn!
Don't forget to like, share and follow.
Good morning from Nigeria.
#ozuru
Pixelverse just raised an additional $2 million in private funding, making a total of $7.5 million for the round, the web3 gaming ecosystem said in a post on X.
This is a prove that the Pixelverse project is with engaging. If you're yet to do so, waste no more time.
Use this link to get started:
https://t.me/pixelversexyzbot?start=5226573135
#ozuru #Pixelverse
This is a prove that the Pixelverse project is with engaging. If you're yet to do so, waste no more time.
Use this link to get started:
https://t.me/pixelversexyzbot?start=5226573135
#ozuru #Pixelverse
Hope we're actively engaged in the Sunwave project. If you're not, check out the post below for what you need to know to get started.
Remember this project is being run by the Ice Open Network, the same group of persons that spearheaded the Ice mining project which paid lots of persons.
So if you missed out on Ice, think of this as your 2nd chance. There might not be another opportunity like this again.
Mine Sunwave!
#ozuru
Remember this project is being run by the Ice Open Network, the same group of persons that spearheaded the Ice mining project which paid lots of persons.
So if you missed out on Ice, think of this as your 2nd chance. There might not be another opportunity like this again.
Mine Sunwave!
#ozuru
LIVEOzuru
--
Heard of Sunwave? It's an airdrop program spearheaded by the Ice Open Network.
I believe some of you have heard about the Ice airdrop, where people earned between $20 and $1,000 (based on what I witnessed; some may have earned more).
The same organization that hosted this project and made people rich are now spearheading "SUNWAVE". If you missed out on Ice, this is your second chance. Don't miss out on Sunwave. It will definitely cook!
Enter this link in your browser to get started: https://bit.ly/3XWE5hX
#ozuru
I believe some of you have heard about the Ice airdrop, where people earned between $20 and $1,000 (based on what I witnessed; some may have earned more).
The same organization that hosted this project and made people rich are now spearheading "SUNWAVE". If you missed out on Ice, this is your second chance. Don't miss out on Sunwave. It will definitely cook!
Enter this link in your browser to get started: https://bit.ly/3XWE5hX
#ozuru
Seriously, I don't see the sense in donating Bitcoins to persons who don't want them. It's totally pointless.
I'd rather send my Bitcoins to a burn address than donate any to the German government. These guys don't have any good intentions towards the crypto community. They're clearly not interested in crypto.
Also, nothing stops them from selling off the donations sent to them. I understand that the crypto community is unhappy with the German government, but seriously, whatever point we're trying to make by sending them 'free crypto' after what they did is not worth making.
The German government doesn't deserve it!
My advice is, if you ever think of sending them Bitcoins, put your Bitcoins to good use by sending them to a burn address. That way, you're contributing to increasing the value of Bitcoin by making it scarcer, rather than helping them dump it.
#ozuru #send_the_german_gov_nothing
I'd rather send my Bitcoins to a burn address than donate any to the German government. These guys don't have any good intentions towards the crypto community. They're clearly not interested in crypto.
Also, nothing stops them from selling off the donations sent to them. I understand that the crypto community is unhappy with the German government, but seriously, whatever point we're trying to make by sending them 'free crypto' after what they did is not worth making.
The German government doesn't deserve it!
My advice is, if you ever think of sending them Bitcoins, put your Bitcoins to good use by sending them to a burn address. That way, you're contributing to increasing the value of Bitcoin by making it scarcer, rather than helping them dump it.
#ozuru #send_the_german_gov_nothing
LIVE
CryptoNewsLand
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Bitcoin Donations Surge to German Government, Signaling Discontent With Recent Sell-off Actions
Bitcoin donations to the German government total approximately $400,000, signaling discontent with recent governmental actions.
The largest single Bitcoin donation to the German government was $8.12, reflecting criticism of the sale of 50,000 Bitcoin units.
The recent selloff led to Bitcoinâs price dropping from $67,294.65 to $53,717.38, causing significant investor losses.
In an unexpected turn of events, Bitcoin donations have been made into the German government, totaling approximately $400,000. These contributions originate from various donors. While this amount may seem small compared to previous figures the government held, it carries significant implications on the crypto market.
JUST IN: People are donating #Bitcoin to the German Government. So far, they have received ~400,000 sats. pic.twitter.com/FWsNKqmDJv
â Simply Bitcoin (@SimplyBitcoinTV) July 13, 2024
The donations are a sign of public discontent with the governmentâs recent selling actions. Many have criticized the governmentâs controversial decision to sell off 50,000 units of seized Bitcoin, sparking market volatilityÂ
The donations may serve as a means to express displeasure with the governmentâs handling of the recent weeks-long selloff, which led to a significant drop in BTC price from a high of $67,294.65 to a low of $53,717.38. The intense liquidation of Bitcoin holdings has incurred substantial losses for many investors.
With numerous experts foreseeing Bitcoin prices soaring beyond $100,000, many argue that the government would have been better off holding onto its Bitcoin reserves. While Germany may have completed its Bitcoin selloff, it is evident that the cryptocurrency remains vulnerable to government-driven sell-offs.
The US government has also been offloading Bitcoin to centralized exchanges like Coinbase, further raising concerns about potential future drawdowns for the cryptocurrency, especially with thousands of BTC units still in its possession.
This influx of Bitcoin donations to the German government serves as a strong indicator of the widespread discontent with recent government actions and their potential long-term implications for the cryptocurrency market.Â
As the cryptocurrency landscape continues to evolve, such moves of disapproval through Bitcoin donations highlight the growing influence and significance of digital coins in the world of global finance and governance.
Read Also
German Government Continues Bitcoin Selloff Amid Market Tensions
German Government Dumps Over $100 Million Worth of Bitcoin
German Government Prepares to Offload Bitcoin Worth $342M, Will BTC Print a New Bottom?
German Government Surprises Market with 1,915 Bitcoin Buyback, Fuels Crypto Recovery
German Government Sells Remaining Bitcoin Reserves, Influences Market
The post Bitcoin Donations Surge to German Government, Signaling Discontent with Recent Sell-off Actions appeared first on Crypto News Land.
The largest single Bitcoin donation to the German government was $8.12, reflecting criticism of the sale of 50,000 Bitcoin units.
The recent selloff led to Bitcoinâs price dropping from $67,294.65 to $53,717.38, causing significant investor losses.
In an unexpected turn of events, Bitcoin donations have been made into the German government, totaling approximately $400,000. These contributions originate from various donors. While this amount may seem small compared to previous figures the government held, it carries significant implications on the crypto market.
JUST IN: People are donating #Bitcoin to the German Government. So far, they have received ~400,000 sats. pic.twitter.com/FWsNKqmDJv
â Simply Bitcoin (@SimplyBitcoinTV) July 13, 2024
The donations are a sign of public discontent with the governmentâs recent selling actions. Many have criticized the governmentâs controversial decision to sell off 50,000 units of seized Bitcoin, sparking market volatilityÂ
The donations may serve as a means to express displeasure with the governmentâs handling of the recent weeks-long selloff, which led to a significant drop in BTC price from a high of $67,294.65 to a low of $53,717.38. The intense liquidation of Bitcoin holdings has incurred substantial losses for many investors.
With numerous experts foreseeing Bitcoin prices soaring beyond $100,000, many argue that the government would have been better off holding onto its Bitcoin reserves. While Germany may have completed its Bitcoin selloff, it is evident that the cryptocurrency remains vulnerable to government-driven sell-offs.
The US government has also been offloading Bitcoin to centralized exchanges like Coinbase, further raising concerns about potential future drawdowns for the cryptocurrency, especially with thousands of BTC units still in its possession.
This influx of Bitcoin donations to the German government serves as a strong indicator of the widespread discontent with recent government actions and their potential long-term implications for the cryptocurrency market.Â
As the cryptocurrency landscape continues to evolve, such moves of disapproval through Bitcoin donations highlight the growing influence and significance of digital coins in the world of global finance and governance.
Read Also
German Government Continues Bitcoin Selloff Amid Market Tensions
German Government Dumps Over $100 Million Worth of Bitcoin
German Government Prepares to Offload Bitcoin Worth $342M, Will BTC Print a New Bottom?
German Government Surprises Market with 1,915 Bitcoin Buyback, Fuels Crypto Recovery
German Government Sells Remaining Bitcoin Reserves, Influences Market
The post Bitcoin Donations Surge to German Government, Signaling Discontent with Recent Sell-off Actions appeared first on Crypto News Land.
LIVEImmortal - Crypto Analyst
--
Bullish
đđ Justin Sun bought 14,436 $ETH ($45M) via @Binance
- 3 days ago, the wallet deposited 45M USDT.
- Since February 8, the founder of Tron might have bought 377,188 $ETH đ±đ±
- Now has an unrealized profit of over $50M (+4.4%)
- 3 days ago, the wallet deposited 45M USDT.
- Since February 8, the founder of Tron might have bought 377,188 $ETH đ±đ±
- Now has an unrealized profit of over $50M (+4.4%)
Elon Musk and Justin Sun Fully endorse Trump as Presidential Candidate after Assassination Attempt.
Following a shooting that targeted former President Donald Trump yesterday, Elon Musk, CEO of SpaceX and Tesla, and Justin Sun, founder of the Tron blockchain, released their first public endorsements for Trump in the 2024 US presidential election.
âAs the election approaches, I fully endorse President Trump and hope for his speedy recovery,â Sun stated. âHe is a better choice for the crypto industry and can ensure fairer treatment.â
âI fully endorse President Trump and hope for his rapid recovery,â Musk said in a Saturday post on X (formerly Twitter).
#ozuru
Following a shooting that targeted former President Donald Trump yesterday, Elon Musk, CEO of SpaceX and Tesla, and Justin Sun, founder of the Tron blockchain, released their first public endorsements for Trump in the 2024 US presidential election.
âAs the election approaches, I fully endorse President Trump and hope for his speedy recovery,â Sun stated. âHe is a better choice for the crypto industry and can ensure fairer treatment.â
âI fully endorse President Trump and hope for his rapid recovery,â Musk said in a Saturday post on X (formerly Twitter).
#ozuru
Ripple's $XRP Skyrockets Amid Bearish Crypto Market Volatility
Some of us are aware of the Mt. Gox repayment and the selling of Bitcoin holdings by the German government, both of which have contributed to the bearish volatility in the crypto market lately.
Amid all this, Ripple reacted unexpectedly, making a recovery from $0.3984 (the price at the start of the month) to about $0.5385, which is its current trading price. This is a 14% spike in 24 hours and a 22% gain in almost two weeks.
What do you think is possibly the reason for this anomalous reaction of XRP?
#ozuru #Xrpđ„đ„
Some of us are aware of the Mt. Gox repayment and the selling of Bitcoin holdings by the German government, both of which have contributed to the bearish volatility in the crypto market lately.
Amid all this, Ripple reacted unexpectedly, making a recovery from $0.3984 (the price at the start of the month) to about $0.5385, which is its current trading price. This is a 14% spike in 24 hours and a 22% gain in almost two weeks.
What do you think is possibly the reason for this anomalous reaction of XRP?
#ozuru #Xrpđ„đ„
Notcoin Phase 2 is Here!
In this phase, you don't tap (like in the beta phase); you just have to complete a bunch of tasks for featured projects and get rewarded in $NOT. Simple!
The amazing thing is you also earn Notcoin per hour in Phase 2. The amount of Notcoin you earn per hour depends on your level, which in turn depends on the amount of Notcoins you staked for a given amount of time. The higher the number of $NOT you staked for, say, 30 days, the higher your level. The levels are Bronze, Silver, Gold, and Platinum, with Platinum being the highest.
So get involved already! Start completing campaigns (tasks to earn $NOT) and start staking some Notcoins. Seriously, there are Notcoins begging you to snag them. Don't fade!
Enter this đ in your browser to get started:
bit.ly/3y3QQwn
#ozuru #Notcoinnews #Notcoinđđ„
In this phase, you don't tap (like in the beta phase); you just have to complete a bunch of tasks for featured projects and get rewarded in $NOT. Simple!
The amazing thing is you also earn Notcoin per hour in Phase 2. The amount of Notcoin you earn per hour depends on your level, which in turn depends on the amount of Notcoins you staked for a given amount of time. The higher the number of $NOT you staked for, say, 30 days, the higher your level. The levels are Bronze, Silver, Gold, and Platinum, with Platinum being the highest.
So get involved already! Start completing campaigns (tasks to earn $NOT) and start staking some Notcoins. Seriously, there are Notcoins begging you to snag them. Don't fade!
Enter this đ in your browser to get started:
bit.ly/3y3QQwn
#ozuru #Notcoinnews #Notcoinđđ„
Heard of Sunwave? It's an airdrop program spearheaded by the Ice Open Network.
I believe some of you have heard about the Ice airdrop, where people earned between $20 and $1,000 (based on what I witnessed; some may have earned more).
The same organization that hosted this project and made people rich are now spearheading "SUNWAVE". If you missed out on Ice, this is your second chance. Don't miss out on Sunwave. It will definitely cook!
Enter this link in your browser to get started: https://bit.ly/3XWE5hX
#ozuru
I believe some of you have heard about the Ice airdrop, where people earned between $20 and $1,000 (based on what I witnessed; some may have earned more).
The same organization that hosted this project and made people rich are now spearheading "SUNWAVE". If you missed out on Ice, this is your second chance. Don't miss out on Sunwave. It will definitely cook!
Enter this link in your browser to get started: https://bit.ly/3XWE5hX
#ozuru
In the world of crypto, you can actually become a millionaire (in dollars) from having nothing.
That's crypto for you. And that's one thing that makes it more special than other markets like Forex or Stocks. One of the numerous and lucrative ways is through airdrops and mining projects.
I started crypto last year (2023), and the first thing I got involved with was airdrops. Though at first I engaged in a lot of scams and not-worth-doing ones, eventually I learned how to find formidable projects. I've made quite a lot from the likes of Ice, Notcoin, Coinlive, etc. Seriously, it's been a lucrative experience.
Of course, it's difficult to make millions from just airdrops, but you can make a lot, which you can use to engage in other things like buying high-potential coins (gems) and HODLing and selling at the right time, trading futures or perpetual (if you can trade), copy trading (if you can't), staking, and many other ways.
So in crypto, there are a lot of realistic ways to become very rich from nothing.
My advice is that you take any airdrop and mining projects we recommend very seriously because you will be thankful you did. So ensure you hit the "follow" button and stay tuned for airdrop updates from us.
#ozuru
That's crypto for you. And that's one thing that makes it more special than other markets like Forex or Stocks. One of the numerous and lucrative ways is through airdrops and mining projects.
I started crypto last year (2023), and the first thing I got involved with was airdrops. Though at first I engaged in a lot of scams and not-worth-doing ones, eventually I learned how to find formidable projects. I've made quite a lot from the likes of Ice, Notcoin, Coinlive, etc. Seriously, it's been a lucrative experience.
Of course, it's difficult to make millions from just airdrops, but you can make a lot, which you can use to engage in other things like buying high-potential coins (gems) and HODLing and selling at the right time, trading futures or perpetual (if you can trade), copy trading (if you can't), staking, and many other ways.
So in crypto, there are a lot of realistic ways to become very rich from nothing.
My advice is that you take any airdrop and mining projects we recommend very seriously because you will be thankful you did. So ensure you hit the "follow" button and stay tuned for airdrop updates from us.
#ozuru
I believe the picture kind of explains better what I meant in my tagged post about the crypto market been a cyclic uptrend.
HODL! HODL!! HODL!!!
#ozuru
HODL! HODL!! HODL!!!
#ozuru
LIVEOzuru
--
Well, my thoughts on the tagged post below are that it's a cycle; all these events are meant to happen. The crypto market has been known to have its highs and lows, or its reds and greens.
For those of us who trade, I believe you understand what a trend is. So, think of the global crypto market as an uptrend. It makes impulsive moves (goes up) and pullbacks (goes down), but from the big picture, it actually goes up (like an uptrend).
So yeah, we may be in a critical time in the crypto space now, but it's just a cycle. Eventually, it passes, and the pumps come.
It's important to be able to recognize and understand how the cycle works. (Yes, I get that at times the market can be unpredictable, but many times, if done right, it is predictable.) This way, you can be prepared for bearish seasons because people still make lots of money during times like these.
So, my advice is to buy gems now, HODL and wait for the pump because the pump will definitely come; it's the cycle. đ
#ozuru
For those of us who trade, I believe you understand what a trend is. So, think of the global crypto market as an uptrend. It makes impulsive moves (goes up) and pullbacks (goes down), but from the big picture, it actually goes up (like an uptrend).
So yeah, we may be in a critical time in the crypto space now, but it's just a cycle. Eventually, it passes, and the pumps come.
It's important to be able to recognize and understand how the cycle works. (Yes, I get that at times the market can be unpredictable, but many times, if done right, it is predictable.) This way, you can be prepared for bearish seasons because people still make lots of money during times like these.
So, my advice is to buy gems now, HODL and wait for the pump because the pump will definitely come; it's the cycle. đ
#ozuru
Well, my thoughts on the tagged post below are that it's a cycle; all these events are meant to happen. The crypto market has been known to have its highs and lows, or its reds and greens.
For those of us who trade, I believe you understand what a trend is. So, think of the global crypto market as an uptrend. It makes impulsive moves (goes up) and pullbacks (goes down), but from the big picture, it actually goes up (like an uptrend).
So yeah, we may be in a critical time in the crypto space now, but it's just a cycle. Eventually, it passes, and the pumps come.
It's important to be able to recognize and understand how the cycle works. (Yes, I get that at times the market can be unpredictable, but many times, if done right, it is predictable.) This way, you can be prepared for bearish seasons because people still make lots of money during times like these.
So, my advice is to buy gems now, HODL and wait for the pump because the pump will definitely come; it's the cycle. đ
#ozuru
For those of us who trade, I believe you understand what a trend is. So, think of the global crypto market as an uptrend. It makes impulsive moves (goes up) and pullbacks (goes down), but from the big picture, it actually goes up (like an uptrend).
So yeah, we may be in a critical time in the crypto space now, but it's just a cycle. Eventually, it passes, and the pumps come.
It's important to be able to recognize and understand how the cycle works. (Yes, I get that at times the market can be unpredictable, but many times, if done right, it is predictable.) This way, you can be prepared for bearish seasons because people still make lots of money during times like these.
So, my advice is to buy gems now, HODL and wait for the pump because the pump will definitely come; it's the cycle. đ
#ozuru
LIVEAnonymous-User-FXNAG
--
Bearish
I feel that the crypto market has grown as much as it was supposed to. Now the crypto market is slowly going down because we used cryptocurrency to cheat people. Due to this, people are losing faith in it. They are slowly moving away from the cryptocurrency market. What is your opinion on this? Comment.
As traders, we need to learn how to accept our losses.
I've seen several cases where a person loses money trading, emotions set in, they try to recover the lost funds by subsequently placing more trades, and eventually end up losing everything.
Think of trading as a game: you either win or lose. So when the losses come, learn to accept them, learn from them, and don't get emotional about them.
Also, one can't become a profitable trader overnight. You have to go through the phase of losing. These losses, though undesirable, are what build you and make you a better trader, provided you learn from them.
My advice is learn to accept your losses and trade consistently (that's the only way you can be profitable). đ
#ozuru
I've seen several cases where a person loses money trading, emotions set in, they try to recover the lost funds by subsequently placing more trades, and eventually end up losing everything.
Think of trading as a game: you either win or lose. So when the losses come, learn to accept them, learn from them, and don't get emotional about them.
Also, one can't become a profitable trader overnight. You have to go through the phase of losing. These losses, though undesirable, are what build you and make you a better trader, provided you learn from them.
My advice is learn to accept your losses and trade consistently (that's the only way you can be profitable). đ
#ozuru
BitMex Pleads Guilty to Violating the Bank Secrecy Act in Anti-Money Laundry Case
The U.S. Attorney for the Southern District of New York announced that the cryptocurrency exchange BitMEX has pleaded guilty to violating the Bank Secrecy Act.
According to the statement, the exchange deliberately failed to establish, implement, and maintain an adequate anti-money laundering program.
#ozuru
The U.S. Attorney for the Southern District of New York announced that the cryptocurrency exchange BitMEX has pleaded guilty to violating the Bank Secrecy Act.
According to the statement, the exchange deliberately failed to establish, implement, and maintain an adequate anti-money laundering program.
#ozuru
Germany Government Loses their Bitcoin Billionaire Status
Germany has lost its status as a Bitcoin billionaire following recent transfers of Bitcoin to centralized exchanges and external wallets. According to Arkham Intelligence, the German governmentâs address now holds less than 10,000 BTC, valued at $580 million.
Over the past 48 hours, German authorities have moved more than 10,000 BTC in what seems to be an effort to liquidate their holdings. Despite this, the market appears to be adjusting well, as the BTC price rose by 2% in the last 24 hours.
#ozuru #Bitcoinâ #bitcoinâïž
Germany has lost its status as a Bitcoin billionaire following recent transfers of Bitcoin to centralized exchanges and external wallets. According to Arkham Intelligence, the German governmentâs address now holds less than 10,000 BTC, valued at $580 million.
Over the past 48 hours, German authorities have moved more than 10,000 BTC in what seems to be an effort to liquidate their holdings. Despite this, the market appears to be adjusting well, as the BTC price rose by 2% in the last 24 hours.
#ozuru #Bitcoinâ #bitcoinâïž
Two Russians Charged by the DOJ of the Philippines for Alleged Involvement in $7 Million Crypto Hack
The Philippines' Department of Justice charged two Russians on the 9th of July for hacking Coin.ph, a Philippine-based exchange.
They allegedly stole 12.2 million $XRP worth PHP 340 million (approximately $7 million).
The suspects are former consultants of the exchange, and the exchange claimed that the hack could only have been executed by individuals with insider knowledge of access keys, servers, security protocols, and network infrastructure.
#ozuru
The Philippines' Department of Justice charged two Russians on the 9th of July for hacking Coin.ph, a Philippine-based exchange.
They allegedly stole 12.2 million $XRP worth PHP 340 million (approximately $7 million).
The suspects are former consultants of the exchange, and the exchange claimed that the hack could only have been executed by individuals with insider knowledge of access keys, servers, security protocols, and network infrastructure.
#ozuru
Since June this year, Bitcoin miners have been selling off massive amounts of their holdings, up to the tune of 50,000 $BTC worth about $2 billion.
This has led to a 14-year low in the amount of Bitcoins held by miners.
This is part of the reason why the price of Bitcoin has been on a steady decline.
#ozuru #BTCâ #Bitcoinâ
This has led to a 14-year low in the amount of Bitcoins held by miners.
This is part of the reason why the price of Bitcoin has been on a steady decline.
#ozuru #BTCâ #Bitcoinâ