Understanding Dusting Attacks: An Overview In the realm of cybersecurity, dusting attacks have emerged as a notable concern, especially within the context of cryptocurrency and digital assets. This article aims to explain what dusting attacks are, how they work, and what individuals can do to protect themselves against this evolving threat. What is a Dusting Attack? A dusting attack is a type of cyberattack that targets cryptocurrency users by sending a small amount of cryptocurrency, often refe
The cryptocurrency market is highly volatile and influenced by various factors, making it challenging to predict its exact trajectory. However, there are some key considerations that can provide insight into whether a rebound might occur:
Factors That May Support a Crypto Rebound
Adoption and Innovation: Increased adoption of blockchain technology and innovative use cases for cryptocurrencies (e.g., DeFi, NFTs, gaming) could drive demand.
Institutional Interest: If more institutions invest in cryptocurrencies or integrate blockchain into their operations, it could boost market confidence.
Macroeconomic Factors: A loosening of monetary policy (e.g., interest rate cuts) could lead to increased liquidity, benefiting risk assets like crypto.
Regulatory Clarity: Clearer regulations can reduce uncertainty, attracting more participants to the market.
Bitcoin Halving Events: Historically, Bitcoin halving events have been followed by price increases, as they reduce the rate of new Bitcoin supply.
Factors That May Hinder a Crypto Rebound
Regulatory Crackdowns: Stricter regulations or outright bans in major markets could dampen investor enthusiasm.
Global Economic Downturn: Economic uncertainty or recession can reduce risk appetite.
Market Sentiment: Prolonged negative sentiment or major incidents like hacks and frauds can lead to reduced confidence.
Overvaluation: If current prices are inflated, the market may correct further before rebounding.
Current Trends
Crypto markets often move in cycles of growth and correction. Monitoring key indicators like Bitcoin dominance, trading volumes, and macroeconomic conditions can provide clues about future movements.
If you're investing, diversification and risk management are essential, as the market remains speculative and unpredictable. Don't forget 'DYOR'
Fantom (FTM) is a decentralized and scalable smart contract platform that operates using a Proof-of-Stake (PoS) consensus mechanism. The platform has gained attention due to its focus on high performance and low transaction costs. Here’s an analysis of the FTM token and its recent developments.
Key Use Cases of FTM
Transaction Fees FTM is used to pay transactions and smart contract execution fees on the Fantom network, ensuring smooth operation and cost efficiency.
Staking By staking FTM, users can participate in the network’s PoS consensus mechanism. This secures the platform while providing staking rewards to participants.
Governance FTM holders have voting rights within the on-chain governance system. These votes influence key decisions such as network upgrades and other proposals.
Recent Market Performance
In 2024, FTM reached a new yearly high of $1.47 following a breakout from a falling wedge pattern. However, the price has since declined by approximately 8%, with a current trading price of $0.947.
Intraday Performance: The intraday high and low were $1.017 and $0.936, respectively.
Technical Analysis
FTM is currently in a downward trend across multiple time frames, with various moving averages signaling a bearish outlook. Overbought/oversold indicators suggest that the token may be oversold in some time frames, potentially indicating a chance for price stabilization or a reversal.
Bitcoin (BTC) has experienced significant price fluctuations during the Christmas period from 2020 to 2023. Here's an overview of its performance during this time:
2020: On December 25, 2020, Bitcoin's price was approximately $28,993.
2021: By December 25, 2021, Bitcoin had reached a new all-time high earlier in the year, with prices exceeding $60,000 in April.
2022: The market was noticeably different by the end of 2022, with Bitcoin prices reaching roughly $95,104.94 as of December 22, 2024, after another crypto exchange, FTX, filed for bankruptcy.
2023: On December 25, 2023, Bitcoin's closing price was $43,641.66, reflecting a 1.5% increase for the day.
As of December 23, 2024, Bitcoin (BTC) is trading at approximately $96,018, reflecting a slight decrease from the previous close.
This year, Bitcoin reached significant milestones, surpassing $100,000 for the first time in early December.This surge is attributed to increased institutional investment and favorable regulatory developments, including the approval of Bitcoin exchange-traded funds (ETFs) and supportive policies from the U.S. administration.
Analysts remain optimistic about Bitcoin's future performance, with projections suggesting it could reach $150,000 by 2025.However, they caution that the cryptocurrency may experience volatility before achieving such levels.
It's important to note that the cryptocurrency market is highly volatile, and past performance does not guarantee future results.Investors should conduct thorough research and consider their risk tolerance before making investment decisions.
These fluctuations highlight Bitcoin's volatility during the holiday season over the past few years.
Many people don't know the difference between CEX and DEX
CEX (Centralized Exchange):
Operated by a company or organization. Users trust the platform to hold and manage their funds.
Examples: Binance, Coinbase. Features: Easy to use, customer support, faster transactions. Downsides: Risk of hacking, less privacy.
DEX (Decentralized Exchange):
Operates without a central authority using blockchain technology. Users control their funds through wallets; no middleman.
Examples: Uniswap, PancakeSwap. Features: More privacy, no custody of funds, permissionless. Downsides: May have a steeper learning curve, slower transactions.
In short:
CEX is like a bank (you trust them to hold your money). DEX is like using cash directly (you control everything yourself).
After breaking $108K on Wednesday, Bitcoin has now dipped below $100K. The entire crypto sector has come under pressure in the wake of the equity market pullback," Louis Navellier, the chief investment officer of Naviellier & Associates, said in a note Thursday morning.
Bitcoin broke past $100,000 for the first time in early December, driven higher by a multi-week rally following Donald Trump's election win. Crypto enthusiasts have dubbed Trump the "crypto president," with hopes swirling that he will boost the market via less regulation and even push the US government to start buying bitcoin itself.
Binance is one of the largest cryptocurrency exchanges in the world. Its story is a testament to the rapid growth of the crypto industry. Here’s a brief overview of its journey: Founding and Early Days (2017) Founder: Binance was founded in July 2017 by Changpeng Zhao (CZ) and Yi He. Initial Coin Offering (ICO): The company raised $15 million through an ICO by selling its native token, Binance Coin (BNB), which was initially issued on the Ethereum blockchain. Launch: Binance started as a crypto-
The Growth of Cryptocurrency Users from 2020 to Present
The adoption of cryptocurrency has experienced significant growth since 2020, driven by increasing public interest, institutional adoption, and technological advancements.
In 2020, the global pandemic accelerated digital transformation, prompting individuals and businesses to seek alternative financial systems. Bitcoin, the flagship cryptocurrency, witnessed a surge in value, attracting retail investors and paving the way for broader awareness. The number of cryptocurrency users worldwide was estimated at around 100 million by the end of 2020.
By 2021, cryptocurrency entered mainstream discussions, driven by the bull market and growing interest in decentralized finance (DeFi) and non-fungeable tokens (NFTs). Major companies such as Tesla and MicroStrategy invested heavily in Bitcoin, while platforms like Coinbase went public, signaling increased legitimacy. According to a report by Crypto(dot)com, the number of crypto users doubled to 221 million within the first half of 2021.
The year 2022 was marked by volatility, including the collapse of major platforms like FTX and Terra Luna, which caused temporary declines in user trust. Despite these setbacks, global crypto adoption remained resilient, particularly in developing countries where digital assets offered financial inclusion and alternatives to unstable local currencies.
In 2023 and 2024, technological developments, such as the growth of Ethereum's Layer-2 solutions and innovations in Web3, continued to attract both retail and institutional investors. Regulatory clarity in several countries, coupled with increasing integration of blockchain technology into traditional finance, has further solidified cryptocurrency's role in the global economy. By early 2024, the number of global crypto users surpassed 400 million, reflecting sustained adoption.
Just stay alert about the scam method seed pharse trap
Okay I'll share again without example
If someone is offering to give you a wallet with a seed phrase and claims it has $4,000 (or any amount) in it, it is almost certainly a scam. Here's how such scams usually work:
1. The Trap
The wallet they provide might appear to contain $4,000, but the funds are typically locked behind transaction fees or require additional steps to access.
They'll ask you to deposit your own money (or cryptocurrency) to cover the fees, gas costs, or other fake charges to "unlock" the funds.
2. How It Works
The wallet they give you is preloaded with fake or inaccessible tokens.
Once you send money to cover fees, the scammer immediately withdraws it, leaving you with nothing.
Sometimes, the scam involves malware or keyloggers tied to the wallet they provide.
3. Red Flags
Free Money Promises: If it sounds too good to be true, it probably is.
Seed Phrase Sharing: No legitimate person would willingly give away access to a wallet with real money.
Requests for Fees: If they ask you to deposit funds, it’s definitely a scam.
4. What to Do
Do Not Use the Seed Phrase: Avoid accessing or interacting with the wallet; it could expose you to malware or phishing attacks.
Do Not Deposit Funds: Under no circumstances should you send money to "unlock" the wallet.
Report the Scammer: If possible, report the person to relevant authorities or platforms where the scam was initiated.
This is a common method scammers use to steal funds from unsuspecting people. Protect yourself by staying cautious and skeptical of such offers.
thanks binance, i just post what a scam trap seed pharse, because many people don't know this, and this scam very dangereous , but my account get warning 🥲 #BinanceSquareFamily #securealert
thanks binance, i just post what a scam trap seed pharse, because many people don't know this, and this scam very dangereous , but my account get warning 🥲 #BinanceSquareFamily #securealert
Alipay, China’s largest payment platform with over a billion users, reportedly displayed cryptocurrency-related ads on its app for mainland Chinese users. These ads promoted investment opportunities linked to Bitcoin exchange-traded funds (ETFs), a surprising move given China’s strict anti-crypto stance.
Ads Promoting Indirect Bitcoin Exposure
On Dec. 12, local news agency Sina Finance reported that Alipay users in mainland China encountered advertisements promoting indirect exposure to Bitcoin. The ads suggested global crypto investments with a minimum investment of just 10 yuan ($1.40). The promoted fund, Huabao Overseas Technology C (QDII-FOF-LOF), reportedly invests indirectly in Coinbase stock and the ARK 21Shares Bitcoin ETF.
Users could invest up to 1,000 yuan ($137) daily, as highlighted by local market observer Colin Wu. Wu explained that the fund channels investments into U.S.-based crypto ETFs through Cathie Wood’s Ark Invest funds, offering Chinese investors indirect exposure to Bitcoin despite the country’s anti-crypto policies.
Growing Curiosity Amid Crypto Restrictions
While some mainland Chinese users predicted that Alipay might eventually allow direct Bitcoin purchases, others expressed skepticism. According to Yifan He, CEO of blockchain firm Red Date Technology, the ads are likely from third-party entities exploiting loopholes rather than a direct initiative by Ant Group, Alipay’s parent company. He downplayed the development, suggesting regulators would act if the ads posed a significant risk.
Perhaps on the heels of the substantial inflow toward the spot Bitcoin ETFs in the States, the primary cryptocurrency was finally able to break into six-digit territory last week. Recall that the asset exploded to a new all-time high of $103,650 on Thursday after gaining about $8,000 in a day.
The bears were quick to intercept the move and pushed the cryptocurrency south hard. BTC dumped by over ten grand in hours, causing a cascade of liquidations in the process. However, it bounced off and started to reclaim ground on Friday and during the weekend.
The top came at $102,000 on Friday and $101,300 on Sunday evening. However, both attempts were faced by rejections that drove the asset south. As of now, bitcoin stands shy of $99,000 after a minor daily decline.
Its market capitalization has dumped to $1.960 trillion on CoinGecko, but its dominance over the alts has risen to 52.1% as most of them are deeper in the red.
Fake tokens can really mess up your crypto wallet and exchanges. They can pop up in your wallet without you even knowing it, leading to confusion over what you actually own. Some even have inflated values because they manipulate liquidity pools, which can cause issues come tax time.
Scammers love listing these fake tokens on decentralized exchanges like Uniswap since there's no one checking if they're legit. Often, these scammy tokens will impersonate real ones from popular projects, tricking users into investing their hard-earned money into nothingness.
And it gets worse—some of these fake tokens come with hidden fees or poorly set-up smart contracts designed to steal your funds right outta your pocket! Tactics like "rug pulls" leave investors high and dry.
How to Protect Yourself
Stay Informed
Binance puts out these alerts for a reason—they want their users informed! By using all their channels (including social media), they’re able to reach a lot more people quickly.
Educate Yourself
Binance goes the extra mile by providing detailed guides on how to spot scams. Their support FAQs cover common scam tactics—like those promising unrealistically high returns or claiming fake partnerships—which helps users make better decisions.
Engage with the Community
Reporting suspicious activity is key! When everyone pitches in, it’s easier to catch scammers trying to slip through the cracks.
Compare Platforms
While other exchanges might have similar strategies for dealing with scams, user awareness is what makes the difference. If you're not paying attention, it doesn't matter how many alerts get sent out!
Use Secure Platforms
Platforms like Binance employ strict security measures that make it harder for scammers to operate within them—but remember: scams often happen outside the platform!
Be Proactive About Reporting
The effectiveness of community reporting relies heavily on active participation from its members; so if you see something shady—report it!
Notice of Removal of Spot Trading Pairs - 2024-12-13
This is a general announcement. Products and services referred to here may not be available in your region. Fellow Binancians, To protect users and maintain a high quality trading market, Binance conducts periodic reviews of all listed spot trading pairs, and may delist selected spot trading pairs due to multiple factors, such as poor liquidity and trading volume. Based on our most recent reviews, Binance will remove and cease trading on the following spot trading pairs: At 2024-12-13 03:00 (UTC): DCR/BTC, PEPE/TUSD, ZEN/ETH
Launch and Early Growth (2017–2018) Founding and Launch: Binance was founded in July 2017 by Changpeng Zhao (CZ) and Yi He in China. The company raised $15 million in an initial coin offering (ICO) for its native token, Binance Coin (BNB), which plays a central role in the ecosystem. Unique Features: Offered lower transaction fees and discounts for using BNB. Gained traction with a vast selection of cryptocurrencies and high liquidity. Relocation: Moved headquarters out of China after the govern
The GMT Burn Initiative sets a new standard for community engagement in the web3 ecosystem. By allowing holders to vote on the potential burn of 600 million GMT tokens, the DAO underscores its dedication to decentralization and transparency. Voting is now open at burngmt.com, inviting all GMT holders to play an active role in shaping the token’s future.
Trading Volume
The trading volume of GMT (GMT) is $87,095,693 in the last 24 hours, representing a 32.90% increase from one day ago and signalling a recent rise in market activity.
all-time high for GMT
The highest price paid for GMT (GMT) is $4.11, which was recorded on Apr 28, 2022 (over 2 years). Comparatively, the current price is 94.33% lower than the all-time high price.
all-time low for GMT
The lowest price paid for GMT (GMT) is $0.08527, which was recorded on Aug 05, 2024 (4 months). Comparatively, the current price is 173.07% higher than the all-time low price.
BNB Chain has launched a new cross-chain bridge to enhance its network’s interoperability, liquidity and user experience.
On Aug. 28, the smart contract blockchain announced that it has collaborated with cross-chain technology providers Celer, deBridge and Stargate to launch the BNB Chain bridge. In addition, BNB Chain will also create a liquidity pool that will allow transfers from other chains to its network.
According to BNB Chain, this is part of its broader efforts to grow its stablecoin ecosystem. With the bridge, users can transfer assets from other blockchains, including stablecoins.