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🔐 Cyber News (Apr 3, 2024): 1️⃣ Tether: Tether, the issuer of the #USDT stablecoin, has announced the successful completion of a System and Organization Controls 2 (SOC 2) Type I audit. SOC 2 is an independent audit, control, and reporting system developed by AICPA. It assesses control procedures for managing cybersecurity risks, with special attention to data privacy and confidentiality. 🔒 2️⃣ Shual: Just days after its launch, the number of transactions on Degen Chain surpassed 272,000. According to experts, this surge in activity is linked to the creation of meme coins and speculative tokens on the network. On-chain analyst Shual reported that since the launch of Degen Chain on March 28, 2024, over 7,500 contracts and 2,300 tokens have been deployed on the network, with the majority associated with fraudulent activities. 💸 3️⃣ PeckShield: In March 2024, over 30 incidents related to cybersecurity and fraud were recorded in the cryptocurrency sphere. The total damage amounted to $138.29 million, of which $98.8 million was recovered, a decrease of 48% compared to February. 💰 4️⃣ j: Users of the Lido Finance project are unable to retrieve their #Solana (SOL) tokens staked in the protocol, totaling $24 million. 🔄 5️⃣ FixedFloat: The #FixedFloat cryptocurrency exchange experienced its second attack of the year. Experts estimated the damage to be at least $2.8 million. According to the team's statement, the platform was attacked by the same group of hackers responsible for the breach on February 16. While the exchange's infrastructure allegedly remained intact, the hackers exploited a vulnerability in a third-party service provider. ⚠️ 🔔 Subscribe to our channel to stay updated on the latest news from the world of cryptocurrency!

🔐 Cyber News (Apr 3, 2024):

1️⃣ Tether: Tether, the issuer of the #USDT stablecoin, has announced the successful completion of a System and Organization Controls 2 (SOC 2) Type I audit. SOC 2 is an independent audit, control, and reporting system developed by AICPA. It assesses control procedures for managing cybersecurity risks, with special attention to data privacy and confidentiality. 🔒

2️⃣ Shual: Just days after its launch, the number of transactions on Degen Chain surpassed 272,000. According to experts, this surge in activity is linked to the creation of meme coins and speculative tokens on the network. On-chain analyst Shual reported that since the launch of Degen Chain on March 28, 2024, over 7,500 contracts and 2,300 tokens have been deployed on the network, with the majority associated with fraudulent activities. 💸

3️⃣ PeckShield: In March 2024, over 30 incidents related to cybersecurity and fraud were recorded in the cryptocurrency sphere. The total damage amounted to $138.29 million, of which $98.8 million was recovered, a decrease of 48% compared to February. 💰

4️⃣ j: Users of the Lido Finance project are unable to retrieve their #Solana (SOL) tokens staked in the protocol, totaling $24 million. 🔄

5️⃣ FixedFloat: The #FixedFloat cryptocurrency exchange experienced its second attack of the year. Experts estimated the damage to be at least $2.8 million. According to the team's statement, the platform was attacked by the same group of hackers responsible for the breach on February 16. While the exchange's infrastructure allegedly remained intact, the hackers exploited a vulnerability in a third-party service provider. ⚠️

🔔 Subscribe to our channel to stay updated on the latest news from the world of cryptocurrency!

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🪙 Crypto News (May 4, 2024): 1️⃣ Animoca Brands: Animoca Brands, a Hong Kong-based gaming company, together with the Darewise platform, has announced the introduction of the #BLIF token on the Bitcoin network via Opal Protocol. Animoca Brands' vision is to establish a distinct ecosystem for gaming, entertainment, decentralized finance (DeFi), and education on the Bitcoin blockchain. To achieve this, they plan to integrate BLIF, which adheres to the new Runes token standard. 🎮 2️⃣ Mishaboar: DogeChain, a widely-used platform for #Dogecoin transactions, has declared its closure effective June 1, 2024. Urging users to swiftly transfer their #DOGE tokens from DogeChain to alternative wallets and secure their private keys before the service discontinues. 🐕 3️⃣ LayerZero: The team behind LayerZero's omni-chain protocol has confirmed the successful completion of the first snapshot on May 1st. Developers have committed to delivering updated details soon regarding the forthcoming airdrop. 🔄 4️⃣ Block: Under the leadership of Jack Dorsey, payment company Block has initiated a practice of allocating 10% of its monthly gross profit from Bitcoin-related activities to purchase additional coins. This strategy is set to continue until the conclusion of 2024. 💳 5️⃣ Baron: Nigerian fintech firms Moniepoint, PalmPay, and Paga have issued warnings to customers against engaging in cryptocurrency transactions through their platforms, threatening account suspensions. Users have shared these cautionary messages. 🇳🇬⚠️ 👍 Enjoying the updates? Subscribe for more crypto insights or drop a like if you found this helpful! Have any questions? Feel free to ask!
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📈 Prediction (ETH and FET): 😀 ETH/USDT - According to data from the Glassnode analytical platform, the inflow of #ETH to exchanges has significantly slowed down over the last 24 hours. This usually leads to a rebound, so the asset has a chance to at least partially recover from the losses incurred this week. Forecast: At the time of writing, #Ethereum is trading at $2,945 and bouncing off the lower boundary of the descending wedge. The asset has been in this pattern for the past two months, and a drop below $3,000 would only confirm the bullish reversal pattern. The likely move from here would be an impulse towards breaking the upper trendline. If successful, ETH could rise to $4,000. On the other hand, a rise in bearish sentiment among investors could threaten the rally potential. Failure to hold the $3,000 level could lead to a collapse to $2,800, invalidating the bullish thesis and sending the altcoin to $2,740. 📊 FET/USDT - Currently, #FET is experiencing a surge in investor interest: evidenced by the increase in the number of active addresses over the past 48 hours. The total number of wallets transacting on the network has increased by 93% — from 1,152 to 2,152. The growth in active addresses, coupled with a decrease in price, is usually considered a buy signal. Forecast: At the time of writing, FET is trading just below the $1.96 support. This level has been tested several times in the past and has not yet been breached. A bounce from it would mark the beginning of a potential rally towards the $2.46 mark, which the asset failed to overcome during the last uptrend. Losing the $1.96 support level could nullify the bullish scenario and trigger a price drop for Fetch.ai to $1.71. 👍 Share this analysis with others!
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