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Just when we thought 2024 had started well for the cryptocurrency market, the news of the cyber attack was not delayed. Attackers exploiting the vulnerability of the DMM exchange stole $305 million.
In recent years, fraud and cyber attacks on cryptocurrency platforms have reached record levels. As we reach the middle of 2024, we can understand that the attacks will not slow down. News of a new attack came today
Giant cryptocurrency robbery
The news that the DMM exchange, which belongs to the Japanese cryptocurrency mining group, was attacked in the evening hours, hit the agenda like a bombshell. Attackers emptied the wallets by capturing private keys and $305 million worth of Bitcoin was moved to external wallets.
After the robbery, which was described as the biggest attack of this year, withdrawals were frozen in the stock market. Stock Exchange management stated that they would take the necessary steps with the contribution of the group companies and that no victimization would occur. Due to concerns that stolen assets will be sold, the price of Bitcoin dropped below 67 thousand dollars.#btc #hacked.
The cryptocurrency market has attracted a lot of attention in recent years. In addition to popular cryptocurrencies such as Bitcoin and Ethereum, there are also many alternative cryptocurrencies called “altcoins”. While these investors try to make quick profits by buying and selling their cryptocurrencies in the short term, investors who follow the HODL strategy have a long-term perspective. In this article, we will examine what the HODL strategy is, how it works, and the advantages and disadvantages of this strategy.
What is HODL? HODL is an abbreviation for “Hold On for Dear Life”. This strategy advocates that cryptocurrency investors hold their assets for the long term, regardless of price fluctuations. It is known that the HODL strategy was first mentioned by a user on the Bitcoin forum in 2013 and has since become a popular strategy among cryptocurrency investors.
How Does HODL Work? The HODL strategy is quite simple. Investors keep the cryptocurrencies they purchase in the long term, regardless of short-term price fluctuations. The purpose of this strategy is the belief that cryptocurrencies will gain value over time and investors will benefit from this increase in value.
Advantages of HODL Strategy Some key advantages of the HODL strategy are: Simplicity: HODL strategy is a very simple strategy and can be easily implemented by investors. Avoiding Emotional Investment: The HODL strategy allows investors to hold their investments for the long term without getting caught up in emotional fluctuations. Potentially High Returns: Since cryptocurrencies have a high potential to gain value over time, the HODL strategy can provide high returns. Disadvantages of HODL Strategy Here are some disadvantages of the HODL strategy: Exposure to Price Fluctuations: Cryptocurrency prices are highly volatile $BTC #Binance #ETH #EarnFreeCrypto2024
The US Securities and Exchange Commission has approved all companies that applied to trade Ether ETFs. The SEC has approved rule changes for several groups, including BlackRock, Fidelity, Invesco, and Ark Invest, that support ETFs that invest in Ethereum, the native cryptocurrency of the Ethereum blockchain. A second round of approval will be needed before the products can be brought to market. Bloomberg ETF Analyst James Seyffart said, "This decision does not mean that trading will start tomorrow." This is just a 19b-4 approval. S-1 documents also need to be approved and this will take time. “It could take a few weeks or longer.” made his assessment.
The SEC approved spot Bitcoin ETFs in January. Total net inflows into spot bitcoin ETFs exceeded $12 billion.
After the second approval, spot transactions such as bitcoin will now be seen. Altcoins were not hurt much during the decline of Bitcoin as long as Eth remained strong. Now, after the second approval, I think a serious pump wave will come, especially for Eth and altcoins.
Digital asset investment company CoinShares (CS) reported record results in its first quarter earnings announced today. CoinShares saw a 216% increase in first-quarter revenues, with total earnings and other income of £43.9 million ($55 million), compared to £13.9 million ($17.4 million) seen in the same period last year. Adjusted earnings before interest, tax, depreciation and amortization (EBITDA), a popular measure of a company's financial performance, more than quadrupled to £34.2 million ($42.9 million) compared with Q1 2023. The company's total comprehensive income (all gains and losses, including those outside customary business activities) reached £34.1 million in Q1. This is more than 11 times the figure reported in Q1 2023 results.
CoinShares' AUM reached $6 billion CoinShares' total assets under management (AUM) reached $4.77 billion ($6 billion) as of March 31. Of the total, $3.82 billion ($4.8 billion) is held on its balance sheet in exchange-traded funds issued by XBT Provider and CoinShares Digital Securities Limited. The remaining $0.95 billion ($1.2 billion) came from newly acquired funds through the acquisition of the BLOCK index and Valkyrie's ETF business, the company reported. CoinShares completed its acquisition of Valkyrie Funds on March 12, including the BRRR spot Bitcoin ETF (BRRR), which allowed the European asset manager to expand into the US market. CoinShares CEO Jean-Marie Mognetti said the following in his statement: “Q1 2024 stands out as the strongest quarter ever for CoinShares, marking a period of unprecedented strength and profitability, CoinShares' earnings announcement is scheduled for 10 a.m. Eastern Time today. #CS
💵The wallet linking process in $PARAM airdrop is over. Those with at least 17 thousand 500 points will be eligible for airdrop. A screenshot will be taken for the airdrop today evening.
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The US Securities and Exchange Commission has approved all companies that applied to trade Ether ETFs. The SEC has approved rule changes for several groups, including BlackRock, Fidelity, Invesco and Ark Invest, that support ETFs that invest in Ethereum, the native cryptocurrency of the Ethereum blockchain. A second round of approval will be needed before the products can be brought to market. Bloomberg ETF Analyst James Seyffart said, "This decision does not mean that trading will start tomorrow." This is just a 19b-4 approval. S-1 documents also need to be approved and this will take time. “It could take a few weeks or longer.” made his assessment.
The SEC approved spot Bitcoin ETFs in January. Total net inflows into spot bitcoin ETFs exceeded $12 billion.
After the second approval, spot transactions such as bitcoin will now be seen. As long as Eth remained strong during the decline of Bitcoin, altcoins were not hurt much. Now, after the second approval, I think a serious pump wave will come, especially for eth and altcoins.#EthereumNews #ETHEFTS $ETH