Interesting to read... always be extremely careful what we invest in! đ
Binance helped catch the person behind ZKasino, a platform that defrauded a lot of investors.
By understanding how crypto transactions work and using publicly available information, Binance's investigative team identified the person responsible for the scam.
This led to the arrest of the 26-year-old suspect on April 29 by the Fiscal Intelligence and Investigation Service (FIOD), seizing over âŹ11.4 million in crypto, real estate and luxury cars.
ZKasino has caused many people to lose money.
It is the first arrest in the ZKasino fraud case, where investors lost at least $33 million in crypto.
The platform initially promised users a return on investment within 30 days.
However, according to Dutch authorities, the smart contract suggests that the platform never intended to return the funds.
Even after the arrest of the main suspect, the stolen funds continued to be moved, suggesting that several other people may be involved.
It appears that Binance and the authorities are continuing to work together to recover the lost funds and bring those responsible for the scam to justice.
I was just getting ready to get a loan from the bank or to sell my house and when I realized that @CoinMarketCap was playing with my emotions đ #EGLD#EGLDSqueeze #Bugs
đ€ Crypto market in 2024 created over 88,000 new millionaires! According to the Henley & Partners report, the spectacular rise in prices has brought an impressive increase in fortunes for many people.
đ° Six new crypto billionaires emerged this year, and five of them made their fortunes through investing in#Bitcoin. BTC hit an all-time high of $73,800 in March.
đ Globally, there are now 172,000 people holding over $1 million in crypto, a 95% increase from last year!
đžđŹ Singapore remains the main crypto hub due to favorable regulations and developed infrastructure, while the United Arab Emirates takes third place due to significant tax advantages.
âïž The crypto-millionaires of 2024 are not just looking for digital wealth, but also the freedom to move globally, matching the borderless nature of their assets, according to Dominic Volek of Henley & Partners.
đ€ Are any of you among these 88,000? đ #Crypto#Bitcoin#Millionaires#Blockchain
2ïžâŁ Blockchain â The Universal Solution? đ ïž In 2017, blockchain was being touted as the technology that would change everything from logistics to governance. The reality? Not all problems need a blockchain solution. The hype has passed, but the actual uses are still limited.#Blockchain#Tech
3ïžâŁ NFTs and Digital Property đš NFTs have made waves, promising unique digital ownership. After the initial hype, many NFTs lost value. Copyright issues and scams have damaged trust. The future of NFTs? Possibly, but with many lessons learned.#NFT#Crypto
4ïžâŁ The Metaverse â The New Frontier? đ The meta bet big on the metaverse, but the users didn't materialize. Platforms like The Sandbox and Decentraland have lost traction. However, with new innovations, the metaverse could return. But will it be enough?#Metaverse#Meta
5ïžâŁ Privacy Coins đ Monero and Zcash promised total anonymity, but regulations and tracking technologies limited their use. With increasing regulations, the future of privacy coins is uncertain. Do they remain a viable solution?#PrivacyCoins#Monero
đ These narratives are not forgotten, but their future depends on technological and regulatory developments.
đ€ What do you think, are there any chances to see them fully functional and if so, which ones? Or what other new narrative do you think will prevail?
It is said that#SUIis the killer of#Solana... personally I don't think so, but if we assume this and if#SUIreaches the current MC of#SOLin theory we would have a price of 28.71$ for SUI, that is a 33X from the price current... what do you say, is it possible?
đ§”MATIC turns into POL. Everything you need to know!
1ïžâŁ If you have $MATIC on#Ethereumyou can upgrade today via Polygon Portal: https://t.co/20pinyZzkM đ
2ïžâŁ There's no rushâthere's no deadline to upgrade. âł
3ïžâŁ $MATIC on Polygon PoS and $MATIC staked on Ethereum will be updated automatically on September 4. đ
đ Key details:
âą Automatic Migration: For MATIC holders on Polygon PoS, no action is required. Tokens will automatically convert to POL.
âą Manual migration: MATIC on Ethereum holders can use the migration link in the Polygon Portal to upgrade from MATIC to POL, link above.
âą Migration to CEX: Each centralized exchange will have its own process for the upgrade from MATIC to POL. Check the official communications from your exchange for details.
The market is responding to the possible reduction of the interest rate in September đ... can I also sit quietly watching a movie and wake up tomorrow morning with#BTCat 70k? đ
I don't know how many of you know that many years ago, to start a diesel truck in the winter, it used to be a torch of some kind that was put on the exhaust... at the moment, it looks like#Ethereumneeds by that torch, while#Bitcoinruns on rocket fuel đđđ đđđ
âł Slow week, slow markets There have been no significant price moves or news over the past week....at least until today when the market wants to contradict me đ Major currencies like#Bitcoinhave stagnated. It's that quiet time at the end of summer, but traders aren't relaxing... đŹ
đ General disappointment The mood of crypto traders is close to depression. Many were hoping for an overall increase, but only#Bitcoinand#Solanahad a significant advance. đ€
đ€ Unfulfilled expectations#Ethereumand other cryptocurrencies have had a disappointing year. Memecoins and airdrop hunters have provided poor returns compared to previous altcoin rallies. đȘâĄïžđ
đš Projects under the magnifying glass Enthusiasm for restaking, Layer 2 and the new Layer 1 has waned rapidly. News of Eigenlayer and post-launch price drops added to the cynicism in the community. â ïž
đ Sentiment and prices Negative sentiment in crypto tends to be reflected in weak prices. However,#Bitcoinis holding up around 60k, even 62k today. Big investors continue to allocate funds through ETFs and we have to be blind not to see what will come next đ°
đ Hopes All we see now is just the calm before the storm. I think the ones that were supposed to get out of the market have kind of already gotten out, and now the market is really ready to show its true value.
Let's not forget: the night is darkest before dawn. đđđ