Bitcoin ETF security concerns mount after FBI warns of North Korean hackers
North Korean hackers are reportedly targeting the billions of dollars in BTC and ETH held by crypto ETF custodians.
The United States Federal Bureau of Investigation announced on Sept. 3 that North Korean scammers and hackers were targeting firms associated with cryptocurrency-related exchange-traded funds (ETFs).

Despite the billions of dollars flowing into these crypto ETFs, investors may be too quick to assume their assets are fully secure.

North Korean hacker groups such as Lazarus Group are no strangers to the cryptocurrency industry and are suspected of committing a number of hacks against prominent exchanges and blockchain protocols.

Officials fear they could target crypto-backed ETFs by going after their underlying assets.
Stock market ETFs must have a solid system that tracks and replicates the underlying asset price accordingly.

However, fund managers for a spot crypto ETF must provide custody — either themselves or through a third party — of the physical digital assets to match the total assets under management (AUM).

These honeypots are too big to ignore. According to data from Farside Investors, the total cumulative flows of spot Bitcoin
BTC

tickers down
$57,551

ETFs alone have surpassed $15 billion since July 2024.

What is it?

TON is a blockchain platform developed by Telegram, the popular messaging app. It aims to be a fast, scalable, and decentralized network for various applications, including:

- Payments: TON aims to provide a seamless and efficient way to send and receive money globally.
- Smart contracts: It supports the creation and execution of decentralized applications (dApps).
- Decentralized storage: TON offers a secure and decentralized way to store data.

TON Token (TON)

- Native token: TON is the native cryptocurrency of the TON blockchain. It's used to pay for transaction fees, access network services, and participate in governance.
- Utility: TON tokens are essential for interacting with the TON network and its ecosystem.

History:

- Initial launch: Telegram initially launched TON in 2017 with a highly anticipated initial coin offering (ICO). However, the project faced regulatory challenges from the U.S. Securities and Exchange Commission (SEC).
- SEC lawsuit: The SEC sued Telegram in 2019, alleging that the TON token was an unregistered security.
- Relaunch: After settling with the SEC, Telegram abandoned the original TON project and relaunched it as a decentralized and open-source network in 2021.

Current Status:

- Decentralized and open-source: The current TON network is decentralized and open-source, meaning it's not controlled by any single entity.
- Growing ecosystem: The TON ecosystem is growing, with developers building various dApps and services on the network.
- Limited availability: TON tokens are currently not widely available on major cryptocurrency exchanges.

Key Features:

- High throughput: TON aims to process a high volume of transactions per second, making it suitable for large-scale applications.
- Scalability: The network is designed to scale to accommodate growing demand.
- Decentralization: TON is built on a decentralized network, ensuring its security and resilience.

Risks:

- Volatility: Like other cryptocurrencies, TON is subject to price volatility.
- Regulatory uncertainty: The regulatory landscape for cryptocurrencies is still evolving, which could pose risks to TON.
- Competition: TON faces competition from other blockchain platforms.

Where to Learn More:

- Official TON website: https://ton.org/
- TON Foundation: https://ton.foundation/

Disclaimer:

I'm an Analysist, and this information is for educational purposes only. It's not financial advice. Before making any investment decisions, consult with a qualified financial advisor.
$TON

Euri Token Soars: Is This the Future of Decentralized Finance?

London, UK - October 26, 2023 - The cryptocurrency market is buzzing with excitement as the Euri token experiences a meteoric rise, capturing the attention of investors and industry experts alike. This decentralized finance (DeFi) token has surged in value by over 300% in the past week, leaving many wondering if this is the beginning of a new era for the sector.

Euri, a token built on the Ethereum blockchain, promises to revolutionize DeFi by offering a unique combination of features. Its innovative protocol enables users to earn interest on their crypto holdings while simultaneously providing liquidity to the DeFi ecosystem. This dual functionality has attracted a growing number of users, driving up demand for the token.

Analysts are divided on the long-term prospects of Euri. Some believe that the token's current surge is a bubble fueled by hype and speculation, while others see it as a sign of the growing adoption of DeFi solutions.

Key factors contributing to Euri's rise:

- Strong community support: Euri has fostered a vibrant and engaged community, with active participation in its governance and development.
- Innovative features: Its unique protocol and user-friendly interface have attracted a wide range of users.
- Growing DeFi adoption: The DeFi sector is experiencing rapid growth, with increasing interest in decentralized solutions.

However, potential risks remain:

- Volatility: The cryptocurrency market is inherently volatile, and Euri is no exception.
- Competition: The DeFi space is becoming increasingly crowded, with numerous competing projects emerging.
- Regulatory uncertainty: The regulatory landscape for cryptocurrencies is still evolving, which could impact Euri's future.

Despite these challenges, Euri's strong performance has sparked a wave of optimism in the DeFi community. Investors are eagerly watching to see if this token can sustain its momentum and become a major player in the decentralized finance landscape.

Disclaimer: This article is for informational purposes only and should not be considered financial advice. Investing in cryptocurrencies carries inherent risks.

The recent surge in cryptocurrency prices can be attributed to a confluence of factors, including:

1. Positive Macroeconomic Indicators:

- Cooling Economic Data: Recent economic data, while mixed, has shown signs of stability in the labor market and manufacturing sector, suggesting a continued recovery from pandemic-induced challenges. This has boosted investor confidence and led to a spillover effect into the crypto market[2].
- Easing Interest Rate Hikes: The possibility of the Federal Reserve slowing down interest rate hikes has fueled optimism among investors. Lower interest rates generally benefit riskier assets like cryptocurrencies, as they become more attractive compared to traditional investments[3].

2. Institutional Investment and Adoption:

- Bitcoin ETF Flows: The U.S. spot Bitcoin ETF sector is regaining momentum, with recent data showing an influx of funds. This indicates growing institutional interest in Bitcoin and its potential as an asset class[2].
- Hong Kong ETF Approval: The recent approval of Bitcoin and Ethereum ETFs in Hong Kong has sparked a surge in crypto prices, highlighting the growing acceptance and integration of digital assets into mainstream financial markets in the region[2].
- Pension Plans' Interest: Fidelity Digital Assets' report reveals discussions among pension funds about investing in cryptocurrencies, signaling a significant shift in institutional investment strategy towards digital assets[2].

3. Market Sentiment and Speculation:

- "Buy the Dip" Mentality: Investors are seizing the recent dip in the crypto market as a prime buying opportunity, anticipating future price appreciation. This "buy the dip" mentality is fueled by the historical performance of cryptocurrencies after halving events, where prices have typically surged[2].
- Crypto-Friendly Politicians: The recent political developments, such as the selection of a crypto-friendly politician as a vice presidential candidate, have boosted investor confidence in the future of the crypto industry[4].

4. Bitcoin Halving Event:

- Anticipation and Volatility: The upcoming Bitcoin halving event, scheduled for April 2024, is generating significant anticipation and contributing to market volatility. This event is expected to reduce the supply of new Bitcoins, potentially leading to price increases[1].

5. Altcoin Momentum:

- Bitcoin Forks and FOMO: The recent surge in Bitcoin forks, such as Bitcoin Cash and Bitcoin SV, has driven momentum for the broader altcoin market. Speculation and fear of missing out (FOMO) have contributed to significant price increases in these altcoins[5].

Important Note: While these factors are contributing to the current surge in crypto prices, it's crucial to remember that the cryptocurrency market is highly volatile and prone to rapid fluctuations. Investors should approach the market with caution, diversify their portfolios, and implement prudent risk management strategies.

You're right to be cautious! Binance does have strict rules and regulations, and they can be quite strict about enforcing them. It's likely that they'll point to their policies as the reason for the ban.

Here's what I found about Binance's rules and potential reasons for banning accounts:

- Security Checks and Risk Control: Binance prioritizes security and often implements risk control measures to protect users and their funds. If they detect unusual activity or potential security threats, they may temporarily suspend accounts for review[3].
- Identity Verification (KYC/AML): Binance requires users to complete Know Your Customer (KYC) and Anti-Money Laundering (AML) verification processes to comply with regulations and prevent illegal activities. If you haven't completed these steps or if there are issues with your verification, your account might be restricted[3].
- Violation of Platform Policies: Binance has specific terms of service and policies that users must adhere to. These might include rules about account security, trading practices, or prohibited activities. If you violate any of these policies, you could face account restrictions or bans[3].

What to Do:

- Be Honest and Transparent: When you contact Binance support, be upfront about the mistake you made and why you think you were banned. Don't try to hide anything, as this could make the situation worse.
- Provide Evidence: If possible, provide any evidence that supports your claim, such as screenshots of the wrong code you entered or any other relevant information.
- Follow Their Instructions: Binance support might ask you to provide additional information or complete specific tasks to verify your identity or address the issue. Be sure to follow their instructions carefully.
- Be Patient: It might take time for Binance to review your appeal and make a decision. Be patient and persistent in following up with them.

Important Note: While it's likely that Binance will refer to their rules and regulations, it's still worth appealing the ban. You might be able to get it lifted if you can demonstrate that the mistake was unintentional and that you're committed to following their policies in the future.

Good luck! I hope you get your account back soon! 😊

The answer to whether countries' governments want crypto to be legal right now is a complex one with no simple yes or no. It's more like a spectrum of opinions and actions, with different countries at different stages.

Here's a breakdown:

Why Governments Might Want Crypto Legal:

- Innovation and Economic Growth: Some governments see crypto as a potential driver of innovation and economic growth. They believe crypto can attract investment, create new jobs, and foster technological advancement.
- Financial Inclusion: Crypto can provide access to financial services for people who are unbanked or underserved by traditional banking systems.
- Tax Revenue: Governments can potentially tax crypto transactions, generating revenue.
- Control and Oversight: By regulating crypto, governments can gain more control and oversight over the industry, reducing risks like money laundering and fraud.

Why Governments Might Be Hesitant:

- Volatility and Risk: The volatility and risk associated with crypto are concerns for many governments. They worry about potential market crashes and the impact on investors.
- Money Laundering and Crime: Crypto's anonymity can make it attractive for criminal activities like money laundering and drug trafficking.
- National Security: Some governments are concerned about the potential for crypto to be used to finance terrorism or destabilize national security.
- Loss of Control: Governments may fear losing control over their monetary policy and financial systems if crypto becomes too widely adopted.

The Current Landscape:

- Regulation: Many countries are actively working on regulations for crypto, but the approach varies widely. Some are taking a more permissive approach, while others are more cautious.
- Acceptance: Some countries have already embraced crypto, while others are still hesitant. For example, El Salvador has made Bitcoin legal tender, while China has banned crypto trading.
- Global Collaboration: International cooperation is crucial for regulating crypto effectively, as it's a global phenomenon.

The Future:

The future of crypto regulation is uncertain. It's likely that different countries will continue to develop their own approaches, leading to a fragmented global landscape. However, it's also possible that international cooperation will lead to more standardized regulations.

In conclusion, the answer to your question is not a simple yes or no. Governments are grappling with the potential benefits and risks of crypto, and their approaches vary. It's a dynamic situation that's likely to continue evolving in the coming years.

It's interesting to consider the financial activities of public figures like Donald Trump, especially in the realm of cryptocurrency, NFTs, and traditional ventures like book sales. Here's a breakdown of the information you provided:

- Cryptocurrency: Trump reportedly owns $1 million in cryptocurrency. This is a relatively small amount compared to his overall wealth, but it reflects a growing interest in digital assets among high-net-worth individuals.
- Bible Sales: Trump has made $300,000 from the sale of his book, "The Art of the Deal." This is a traditional revenue stream for authors and public figures.
- NFTs: Trump has generated $7 million from the sale of non-fungible tokens (NFTs). This demonstrates the potential of NFTs as a new revenue stream for celebrities and brands.

Key Considerations:

- Investment Strategy: It's unclear what specific cryptocurrencies Trump holds or his investment strategy. The cryptocurrency market is volatile, so his holdings could fluctuate significantly in value.
- NFT Market: The NFT market is still relatively new, and its long-term viability is uncertain. While Trump has successfully generated revenue from NFTs, it remains to be seen if this will be a sustainable source of income.
- Public Perception: Trump's financial activities, particularly in the realm of cryptocurrency and NFTs, have been met with mixed reactions. Some view it as a sign of his adaptability and embrace of new technologies, while others criticize it as a way to capitalize on his name recognition.

Overall, it's important to remember that financial information about public figures is often complex and subject to speculation.
While these figures provide a glimpse into Trump's financial activities, it's crucial to approach them with a critical eye and consider the broader context.

#DonaldTrumpCoin
#CryptoNewsCommunity

It's great that you're interested in learning about cryptocurrency! While it's tempting to think about earning money without investing, it's important to be realistic. There are very few legitimate ways to earn money in crypto without putting in any capital. Here's why:

- Cryptocurrency is a market: Just like stocks or real estate, cryptocurrency is a market where people buy and sell digital assets. To earn money, you generally need to buy into the market, hoping the value of your assets will rise.
- No risk, no reward: The idea of earning money without risk is often a red flag. If something seems too good to be true, it probably is. Be wary of any schemes that promise guaranteed returns or easy money.

However, there are some ways to get involved in the crypto world without investing your own money, but they often require time, effort, and a bit of luck:

- Cryptocurrency faucets: Some websites offer small amounts of cryptocurrency for completing tasks like watching ads, taking surveys, or playing games. These amounts are usually very small, but they can be a way to get started with a tiny amount of crypto.
- Cryptocurrency airdrops: Occasionally, projects will give away free tokens to promote their launch or attract new users. These airdrops can be valuable, but they're often unpredictable and require you to be aware of new projects and opportunities.
- Cryptocurrency bounty programs: Some projects offer rewards for completing tasks like testing their software, writing articles, or creating social media content. These programs can be a way to earn a little crypto while contributing to the development of the industry.
- Cryptocurrency mining: Mining is the process of verifying transactions on a blockchain. It requires specialized hardware and can be expensive to set up. However, if you have access to free or low-cost electricity, you could potentially mine some crypto without investing in hardware.

Important Considerations:

- Scams: Be very careful when looking for ways to earn free crypto. There are many scams that prey on people looking for easy money. Do your research and only participate in legitimate programs.
- Time commitment: Earning money in crypto without investing often requires a significant time commitment. You may need to spend hours completing tasks or learning about new projects.
- Low returns: Even if you find legitimate ways to earn free crypto, the returns are likely to be very small. Don't expect to get rich quickly.

Remember, the best way to earn money in crypto is to invest your own capital and learn about the market. However, if you're looking to get started with a small amount of crypto without investing, the options above may be worth exploring.

Before you start any crypto venture, make sure you understand the risks involved and do your research on the project or platform you're using.

#BinanceBlockchainWeek
#earningways

The world of cryptocurrency is full of fascinating stories, and some tokens have truly risen to staggering heights, leaving lasting impacts on the industry. Here are some of the most notable crypto tokens in history, excluding Bitcoin, that have achieved remarkable feats:

Ethereum (ETH) [1]

- The "Ethereum Killer": Ethereum is often referred to as the "Ethereum Killer" due to its ability to execute smart contracts and host decentralized applications (dApps). This functionality has made it a popular platform for developers, leading to a vast ecosystem of dApps and tokens.
- The Second-Largest Cryptocurrency: Ethereum holds the position of the second-largest cryptocurrency by market capitalization, trailing only Bitcoin. Its value has soared in recent years, attracting significant investment and attention.
- Proof-of-Stake Transition: Ethereum's transition to a Proof-of-Stake (PoS) consensus mechanism in 2022 was a major milestone. This shift reduced energy consumption and increased efficiency, making it a more sustainable platform.

Yearn.finance (YFI) [2]

- The "Yield Farming" Giant: Yearn.finance is a decentralized finance (DeFi) platform that automates yield farming, maximizing returns for investors. Its native token, YFI, has achieved extraordinary value, even surpassing Bitcoin in price at one point.
- High Volatility: YFI is known for its high volatility, with its price experiencing significant swings. This volatility is a reflection of the nascent DeFi space and the constant innovation within it.

Tether (USDT) [1]

- The Stablecoin Pioneer: Tether is a stablecoin, a cryptocurrency designed to maintain a stable price pegged to a fiat currency, in this case, the US dollar. Its stability has made it a popular choice for traders and investors seeking to minimize volatility.
- High Market Capitalization: Tether holds a significant market capitalization, ranking among the top cryptocurrencies. Its widespread adoption has made it a critical component of the cryptocurrency ecosystem.

Maker (MKR) [2]

- The Dai Stablecoin's Governance Token: Maker is the governance token of the MakerDAO, a decentralized autonomous organization (DAO) that manages the Dai stablecoin. MKR holders have voting rights on protocol upgrades and play a vital role in maintaining Dai's stability.
- Closely Tied to Dai's Performance: The value of MKR is closely tied to the performance of Dai. As Dai's stability and adoption increase, the value of MKR tends to rise as well.

Binance Coin (BNB) [1]

- The Binance Exchange's Utility Token: Binance Coin is a utility token used to pay trading fees on the Binance exchange, one of the world's largest cryptocurrency exchanges. It offers discounted trading fees and other benefits to users.
- Decentralized Exchange Platform: Binance Coin's blockchain also powers Binance's decentralized exchange, providing a platform for token trading outside of the centralized exchange.

Solana (SOL) [1]

- High Transaction Speeds: Solana is a blockchain platform designed to support decentralized applications (dApps) and smart contracts. It boasts high transaction speeds and low fees, making it a competitor to Ethereum.
- "Ethereum Killer": Solana is often referred to as an "Ethereum Killer" due to its potential to challenge Ethereum's dominance in the dApp and smart contract space.

Cardano (ADA) [1]

- Research-Driven Development: Cardano is a blockchain platform developed through extensive research and peer review. This rigorous approach has earned it a reputation for being a well-designed and secure platform.
- "Ethereum Killer": Cardano is also considered an "Ethereum Killer" due to its potential to offer more features and scalability than Ethereum.

Dogecoin (DOGE) [5]

- The Meme Coin: Dogecoin was initially created as a joke in 2013 but has gained significant popularity due to its meme-based culture and support from prominent figures like Elon Musk.
- High Volatility: Dogecoin is known for its high volatility, with its price experiencing significant swings based on market sentiment and social media trends.

Toncoin (TON) [5]

- Telegram's Blockchain: Toncoin was developed by Telegram, the encrypted messaging app, as a blockchain platform for in-app transactions. It has since evolved into a community-driven blockchain with high transaction speeds.
- Fast Processing Times: Toncoin's proof-of-stake network allows for fast transaction processing and validation.

Shiba Inu (SHIB) [5]

- Ethereum-Based Meme Coin: Shiba Inu is an Ethereum-based meme coin that gained popularity through social media and community support.
- Meme Coin Rivalry: Shiba Inu briefly surpassed Dogecoin as the most valuable meme coin by market capitalization, highlighting the intense competition in the meme coin space.

Avalanche (AVAX) [5]

- Layer-1 Blockchain: Avalanche is a layer-1 blockchain platform designed to support dApps and other networks. It aims to provide high transaction speeds and scalability.
- Ethereum Competitor: Avalanche is a major competitor to Ethereum in the smart contract and dApp space, seeking to offer a more efficient and scalable platform.

Polkadot (DOT) [5]

- Interoperability Blockchain: Polkadot is a blockchain platform that focuses on interoperability, allowing different blockchains to communicate and exchange data.
- Diverse Ecosystem: Polkadot's ecosystem includes a variety of specialized blockchains, each designed for specific purposes, connected through the main Polkadot blockchain hub.

These crypto tokens have made significant contributions to the cryptocurrency landscape, demonstrating the potential for innovation and growth in the industry. While their future remains uncertain, their past achievements and ongoing development make them compelling examples of the transformative power of blockchain technology.