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Crypto Extraction
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To all BTC holders, you have a new mission. 🚀 This will be your most significant task of the year as two important events are approaching: 🌟 Asset managers, individuals, and institutions are beginning to purchase Bitcoin through Bitcoin ETFs. 💼If Bitcoin maintains its price at $40,000, it appears that Bitcoin miners will face challenges with their operations and profitability post-halving. 💰 Therefore, all Bitcoin holders should continue to buy and support miners. Thank you to all hodlers and miners. 🙌 #BTC holder #mission #asset manager #institution #Bitcoin #ETF #miners #hodler. 📈

To all BTC holders, you have a new mission. 🚀

This will be your most significant task of the year as two important events are approaching: 🌟

Asset managers, individuals, and institutions are beginning to purchase Bitcoin through Bitcoin ETFs. 💼If Bitcoin maintains its price at $40,000, it appears that Bitcoin miners will face challenges with their operations and profitability post-halving. 💰

Therefore, all Bitcoin holders should continue to buy and support miners. Thank you to all hodlers and miners. 🙌

#BTC holder #mission #asset manager #institution #Bitcoin #ETF #miners #hodler. 📈

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🚀 Ethereum's Dencun upgrade is bringing exciting changes with EIP-4844! 🔥 🤔 Ethereum currently has 2 types of transactions, but EIP-4844 introduces a new type-3 transaction called protodanksharding. 💡 EIP-4844 creates "blobs" - large data packets that can be used by Layer 2 (L2) networks to settle transactions on Ethereum's mainnet. 💰 This helps reduce the high costs associated with posting L2 data through Ethereum's calldata, which L2s currently use. 📦 Each block can have up to 6 blobs, and each type-3 transaction can have 1 or 6 blobs, storing up to 128kb of data. ⏱️ Blobs are only stored for around 18 days, making them cheaper than calldata, which is stored forever. 🧠 EIP-4844 also introduces new transaction and block header fields to manage the blob gas market, similar to EIP-1559. 🤝 This change is expected to substantially reduce posting costs for L2 networks, transforming the market. 🔍 However, L2 operators will need to monitor both the type-2 and type-3 fee mechanisms to determine the most advantageous option. Thus, this Ethereum upgrade will only reduce the fees for layer 2 and not the Ethereum gas fee itself.📈 Reference: IntoTheBlock. (2024, March 11). Ethereum’s Dencun upgrade is set to launch in 2 days! In this chart, you can see the projected cost of a dex swap on various L2s after the upgrade👇 pic.twitter.com/nuymqkro6a. Twitter. https://twitter.com/intotheblock/status/1767222155639460290 Kellerman, B. (2024, February 7). EIP-4844, Blobs, and blob gas: What you need to know. Blocknative. https://www.blocknative.com/blog/eip-4844-blobs-and-blob-gas-what-you-need-to-know #Ethereum #EIP4844 #Dencon #Blobs #LayerTwo #Scaling #Crypto #Blockchain #Web3 #Innovation #TechUpdate #FinTech
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Prepare your FDUSD for the next Binance launchpool, SAGA. Those who have Stake BNB will be directly join the launchpool. Let's go! DYOR l
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Binance Ramadan Red Packet Giveaway Get 0.01 to 3 FDUSD through scanning the barcode using the binance app Don't forget to share your so all of us can benefit We wish you good luck and happy Ramadan this binance faucet, let's go 🔥 #BinanceRedPacketGiveaway
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$1 Billion Hacked and Exploited in the Past 8 Months Over the past 8 months, according to data from the REKT database, hacks and exploits have amounted to a staggering $1.307 billion in losses for users. 💸 In February 2024 alone, the Dapp ecosystem fell victim to a devastating hack, resulting in the loss of $148 million. 😱 Dappradar highlights that these losses stem primarily from exchanges and DeFi platforms. 📉 Within the exchange sector, two significant events occurred: the exit scam of Bitforex, where users were locked out of the website before its shutdown, and an exploit at FixedFloat resulting in a $26.1 million loss. 💻 On the other hand, in the DeFi sector, a breach of user private keys on PlayDapp, an Ethereum and Polygon-based play-to-earn gaming platform, led to losses of approximately $32.3 million. 🔐 It is crucial to safeguard your private keys and diversify your funds across various exchanges. 💰 To enhance security in the WEB3 sector, consider using a new wallet with only a small amount of funds and utilize the Binance Pro APP for convenient WEB3 without accessing the links. 🌐 Reference: Gherghelas, S. (2024, March 7). Crypto Hype Pushes Dapp Industry Adoption to New All-Time High with 6,7 Million Daily Wallets. DappRadar. https://dappradar.com/blog/crypto-hype-pushes-dapp-industry-adoption-to-new-all-time-high-with-67-million-daily-wallets #Dappecosystem #binanceweb3 #web3 #dapphack #hack #security #cryptosecurity #cryptoextraction 🚀
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👋 Have you secured your crypto centralized exchange? 🛡️ There are 3 layers of security to be applied on securing your crypto centralized exchange: Layer 1: Find a reputable exchange with a great history, team, and founder. Remember humans are a great investment because we trade with other humans. 👥 Place a strong password on your CEX, make sure it is not only 8 words or signs, the longer the better, and don’t use the same password on any other of your accounts. 🔒 If there is an update on the CEX application, please update it as they might reduce bugs or add extra security. 📲 Layer 2: Once you are done with layer 1, now it's time to set up your 2FA (two-factor authentication). SMS 2FA is no longer safe and not recommended anymore due to the possibility of SIM swap. 📵 Email 2FA is better than SMS. Make sure you use a 2FA app on your email instead of SMS 2FA. 📧 Application 2FA is more sophisticated compared to SMS or email 2FA. Examples are Google Authenticator or Authy. 🔑 Layer 3: Biometrics are used to prevent other people from using your ID, for instance, face biometrics or fingerprint. 🤖 YubiKey is the highest level of security that you may need as your account goes higher. This is a physical key that needs to be plugged when you enter your account, so other people can’t enter your account without it. Compared to all 2FA that are available in layer 2 that are free to access and create without buying anything, YubiKey needs additional investment as it has a price tag on it and makes your account more secure. 🔑🔒 📝 Notes: This is for CEX security only. If you are heavily into DeFi, we recommend using a hardware wallet and remembering where you place your key. 💡 {crypto, cryptosecurity, security, biometric, yubikey, 2fa] #crypto #cryptoextraction #cryposecurity #crypto2fa #2fa #cefi #centralized #exchange
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