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If my THREADS can make you a knowledgeable rich person, then the THREAD of my THREADS will make you limitless,FEATURING:
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The Blowfish team is said to have put defenses in place to block the newly found drainers automatically and is monitoring on-chain activity.

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SCAM-AS-A-SERVICE: NEW SOLANA DRAINERS IDENTIFIED The drainers, available on scam-as-a-service marketplaces, can flip a conditional within an on-chain transaction. Web3 security firm Blowfish has detected two new Solana drainers that can perform bit-flip attacks, according to a Feb. 9 analysis shared on social media platform X. The drainers, Aqua and Vanish, were flagged modifying a conditional within on-chain data, even after a user’s private key was used to sign a transaction. According to Blowfish, the drainers’ script is available for a fee in marketplaces offering scam-as-a-service tools. The Blowfish team broke down the method used by the drainers to flip data and steal funds: “On Solana, a dApp can be given authority to submit a transaction. If the dApp’s on-chain program includes a conditional that allows it to send the user SOL or drain their account, a drainer could flip that conditional at any time,” reads the analysis. The drainers go unnoticed by users at first. The victim signs what appears to be a valid transaction. However, after receiving the signature, the drainer temporarily holds on to the transaction. “Then, via a separate transaction, they flip the dApp’s conditional; it goes from appearing to send SOL to taking it instead.” A bit-flip attack is a form of exploitation where the attacker changes the value of some bits in the encrypted data to manipulate a system. It allows the attacker to modify the encrypted message without knowing the encryption key. By flipping specific bits, an attacker can sometimes change a message in a predictable way once it’s decrypted. A rising number of crypto drainers have targeted the Solana ecosystem. According to Chainalysis, one of the largest online communities devoted to a single Solana wallet drainer kit had over 6,000 members as of January. Brian Carter, Chainalysis senior intelligence analyst, told Cointelegraph in a previous interview that the most successful draining kits can target many assets in various ways.

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HOW TO SET UP A STABLECOIN WALLET To ensure a secure and seamless experience, there are a few requirements to set up a digital wallet for stablecoins. Users must first have access to a device that can run digital wallet programs and a reliable internet connection. Then, picking a trustworthy wallet provider that prioritizes security and stablecoin compatibility is crucial. After choosing an appropriate wallet, users need to register for an account and go through regulatory-compliant identity verification procedures. Users can fund their digital wallet with fiat money using bank transfers or other payment options after fulfilling these requirements. For example, with a wallet such as MetaMask, users can add stablecoins by connecting to decentralized finance (DeFi) platforms and swapping assets through smart contracts. It is important to note that ensuring the wallet of choice supports the particular stablecoins of interest is essential to a smooth and effective setup. ⬇️The future of stablecoins in everyday finance The future of stablecoin technology holds exciting prospects, with new developments aimed at improving integration and functionality. Developments in smart contracts might provide programmable elements, opening the door to automated financial processes. Additional areas of emphasis include enhanced scalability and privacy-focused features. Stablecoins have the potential to streamline international payments by enabling quicker cross-border transactions and removing intermediaries through their connection with conventional financial systems. Increased acceptance and usage within the traditional banking sector could result from standardized frameworks created through collaboration between regulatory authorities and stablecoin projects. The development of central bank digital currencies (CBDCs) is another avenue where stablecoins might promote interoperability between digital and conventional monetary systems.

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HOW TO SET UP A STABLECOIN WALLET To ensure a secure and seamless experience, there are a few requirements to set up a digital wallet for stablecoins. Users must first have access to a device that can run digital wallet programs and a reliable internet connection. Then, picking a trustworthy wallet provider that prioritizes security and stablecoin compatibility is crucial. After choosing an appropriate wallet, users need to register for an account and go through regulatory-compliant identity verification procedures. Users can fund their digital wallet with fiat money using bank transfers or other payment options after fulfilling these requirements. For example, with a wallet such as MetaMask, users can add stablecoins by connecting to decentralized finance (DeFi) platforms and swapping assets through smart contracts. It is important to note that ensuring the wallet of choice supports the particular stablecoins of interest is essential to a smooth and effective setup. ⬇️The future of stablecoins in everyday finance The future of stablecoin technology holds exciting prospects, with new developments aimed at improving integration and functionality. Developments in smart contracts might provide programmable elements, opening the door to automated financial processes. Additional areas of emphasis include enhanced scalability and privacy-focused features. Stablecoins have the potential to streamline international payments by enabling quicker cross-border transactions and removing intermediaries through their connection with conventional financial systems. Increased acceptance and usage within the traditional banking sector could result from standardized frameworks created through collaboration between regulatory authorities and stablecoin projects. The development of central bank digital currencies (CBDCs) is another avenue where stablecoins might promote interoperability between digital and conventional monetary systems.

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HOW TO USE STABLECOINS FOR EVERYDAY TRANSACTIONS Discover the ease and security of utilizing stablecoins in your daily transactions, revolutionizing the way you handle digital payments with stability and convenience. Stablecoins, which provide stability and value preservation for consumers, stand out as a reliable bridge between digital assets and everyday transactions in the volatile world of cryptocurrencies. This guide explores the practical aspects of utilizing stablecoins in day-to-day financial transactions. ADVANTAGES OF USING STABLECOINS OVER TRADITIONAL AND OTHER DIGITAL CURRENCIES Stablecoins are a subset of digital currencies whose value is fixed to a reserve asset, like a fiat currency or commodity. They stand apart from the frequent price volatility associated with cryptocurrencies such as Ether $ETH or Bitcoin $BTC due to their stability. Stablecoins come in three forms: algorithmic, fiat-collateralized and crypto-collateralized. Algorithmic stablecoins employ algorithms and smart contracts to control supply and demand and preserve stability. Stablecoins with fiat collateral are directly correlated with traditional currencies. Stablecoins that are collateralized with other cryptocurrencies, or crypto-collateralized stablecoins, offer decentralization but also expose investors to volatility in the cryptocurrency market. Stablecoins provide reduced costs, faster transactions and price stability over other digital currencies and traditional currencies. They can be used for regular transactions and as a hedge against the volatility of cryptocurrencies because of their value peg, which ensures a steady store of value. Furthermore, stablecoins frequently make cross-border transactions faster and less expensive than they would be through regular banking systems, making them a more practical and economical option for both consumers and companies.

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