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Crypto hacks exploits in 2024.- DMM Bitcoin: $300M.
- WazirX: $230M.
- Munchabbles: $62M.
- Dai whale exploit: $55M.
- Radiant Capital: $51M.
- BingX: $43M.
- Penpie: $27M.
- UwU Lend: $20M.
- Sonne Finance: $20M.
- M2 exchange: $14M.
DMM Bitcoin, a Centralized Exchange, has a biggest crypto hack in 2024, with total value of hack is $300M. It's a hack on private keys. WazirX, another Centralized Exchange, with a second biggest crypto hack in the last year, total value is $230M. The Lazarus hacker group from North Korea did it. Munchables, a Gaming project: It's $62M hack through a hole in smart contract. You can see danger of smart contract! Dai Whale exploit: It's a personal whale as a victim of phishing attack. Radiant Capital, a Lending project: It was attacked multiple times, and total loss is about $51M. Bing X, another Centralized Exchange: a hack of $43M from hot wallets. Penpie, a Yield Farming project: $27M hack by exploitation on reentrancy hole. UwU Lending, another Lending project: a hack on Oracle flaw. Sonne Finance, a third Lending project in this list: $20M through smart contract hole. The last one is M2 Exchange, another Centralized Exchange, and the fourth CEX in this list, with $14M hack on hot wallets. Again you can see danger of storing your fund on Centralized platforms like Exchanges. Following resources can help you understanding more about most common scams, and practicing better with your money. Reminder: do not keep your money in online accountsSecurity checklist.Scam book.
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The full presentation that is from the USA. Department of Treasury. https://home.treasury.gov/system/files/221/TBACCharge2Q42024.pdfThere are some key questions in the presentation. Charge:
A. Please comment on the effects of the growth in digital assets on the Treasury market
B. Please summarize existing efforts at using blockchain technology or tokenization for Treasury
market related applications
C. How might blockchain technology be used to innovate or improve on Treasury market
operations?
D. What are the potential benefits and costs of tokenization of Treasuries?
E. What effects might these trends have on recommended Treasury issuance or the health of the
Treasury secondary market?
This presentation from the USA. Department of Treasury shows that they actually changed their mind on this market. It's no longer a small market and like a scam market like they tried to see it like this and attacked it with this reason years ago. Now they admitted the growth of digital assets and this market, then they are going to figure out what benefits from Blockchain technology, this market, tokenization of treasuries and more. It's one of game changers for Bitcoin market. |
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The most common reason governments say when they announce to ban or sanction anything in blockchain and cryptocurrency is "It is used for criminals". See what banks are used for? For criminals. And how much some parent companies of banks had to pay for penalty? https://violationtracker.goodjobsfirst.org/prog.php?major_industry_sum=financial+servicesViolation Tracker Industry Summary Page
Industry: financial services
Penalty Total since 2000: $388,802,802,308
Number of Records: 7,734
Note: The totals include only those entries matched to a parent company. The industry designation is the primary one for the parent's operations overall. The totals are adjusted to account for the fact that each parent's entries may include both agency records and settlement announcements for the same case; or else a penalty covering multiple locations may be listed in the individual records for each of the facilities. They are also adjusted to reflect cases in which federal and state or local agencies cooperated and issued separate announcements of the outcome. Duplicate or overlapping penalty amounts are marked with an asterisk in the individual records list below.
 The total paid $ for penalty is $388.8B, it's not small. The discussion can start with Why governments don't ban banks even banks are used for criminals? Why governments don't ban knife, gun, email producers/ companies because they are used for criminals? |
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 Price of a house in the USA, I don't know how accurate this graphic is. The USA. national debt is $34T today and it was only about $10T in 2023. The national debt increases 300% within one year, it's amazing 'success' from government and central bank in the country. It won't stop there because the debt ceiling will be raised again next year. https://fiscaldata.treasury.gov/americas-finance-guide/national-debt/https://www.pgpf.org/national-debt-clockYou can try to save your money from your jobs in bitcoins and prepare for your wealth and retirement earlier than if you work days by days without bitcoin in your savings and investment portfolio.  |
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It's about 185 more days till a 2024 Bitcoin halving. Bitcoin Block Reward Halving Countdown gives you an estimation and it is not completely correct but you can use its estimated date for the halving. It's not important to know when is a halving date because knowing the halving block is enough. It will happen at the block 840000. Past halving event dates
The first halving event occurred on the 28th of November, 2012 (UTC) at block height 210,000
The second halving event occurred on the 9th of July, 2016 (UTC) at block height 420,000
The third halving event occurred on the 11th of May, 2020 (UTC) at block height 630,000
A chart that breaks down Bitcoin history price to past halving cycles (4-year cycles). I don't mind about reasons for a next bull run because market will have many 'reasons' to rise during a big bull run with parabolic curve but I quote some idea in the tweet. #Bitcoin is going to $100k here is why -
- Honda now accepts Bitcoin & Crypto Payments
- Elon Musk calls fiat currencies a S-C-A-M
- Tesla reveals none of its $312 Million Bitcoin was sold in Q3 2023.
- Ferrari now accepts Crypto payments for its Car
- Hong Kong officially launches its first Bitcoin & Crypto trading platform.
- Less than 5% of the global population is invested in Crypto (we are soo early)
- Japan's largest investment bank Nomura launches Bitcoin fund for institutional investors
- Coinbase receives regulatory approval to offer perpetual futures to international retail customers
- Coinbase receives full operating License in Singapore
- There are Only 21 Million Bitcoins
- Bitcoin Halving in less than 180 days
- Bitcoin Supply Shock Incoming
- Bitcoin Bears still waiting for $12k
The funny idea is "Bitcoin Bears still waiting for $12k". I don't wait for that price but if you knew the March 2020 crash, will $12k be seen in 2024 before a halving with some bad news to shock the market? Don't exclude that risk and don't use leverage to Long Bitcoin because if you use leverage, open a Long position, you will be forced liquidated in such crash. Will this time be different when Bitcoin broke $30,000 resistance? Let's see. That Bitcoin Bull wants to see a big bull run as soon as possible but I don't expect too early bull run this year. He even tried to borrow something in textbook (Bump & Run Reversal Bottom pattern) to convince us that a bull run is very closely to start. . Before a 2024 halving, you must make your preparation for it. Checking your wallet. Do you still have access to your wallet? Making some wallet backups. Storing backups safely. Be ready for a 2024 and 2025 bull run with usable wallets. If you are a witness in a big bull run but you lose access to your wallets, it's damn terrible. |
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I did not know about the difference and I didn't know about the math behind it but o_e_l_e_o and ETFbitcoin forced me to learn. This is only for legacy addresses, and does not hold true for segwit addresses. I can generate an 8 character custom segwit address in around 3 minutes. That's true when we're talking about legacy address, i used 9 customized characters only as example. Although 9 customized character on legacy address is still possible with few high end GPU in few months.
I looked at https://github.com/JeanLucPons/VanitySearch and found three examples for 3 address types: 1, 3, and bc1q. I saw the code has figures for difficulty. Are they difficulty when creating that Vanity address? Legacy: 1 Nested Segwit: 3 Native Segwit: bc1q Difficulty for Legacy and Nested Segwit is both 15318045009, difficulty for Native Segwit is 1073741824. Difference is 15318045009 / 1073741824 = 14.26604112. Does it mean creating Vanity Legacy and Nested Segwit address is 14.26 times harder than Vanity Native Segwit address? And why? Exemple (Windows, Intel Core i7-4770 3.4GHz 8 multithreaded cores, GeForce GTX 1050 Ti):
C:\C++\VanitySearch\x64\Release>VanitySearch.exe -stop -gpu 1TryMe
VanitySearch v1.17
Difficulty: 15318045009
Search: 1TryMe [Compressed]
Start Fri Jan 31 08:12:19 2020
Base Key: DA12E013325F12D6B68520E327847218128B788E6A9F2247BC104A0EE2818F44
Number of CPU thread: 7
GPU: GPU #0 GeForce GTX 1050 Ti (6x128 cores) Grid(48x128)
[251.82 Mkey/s][GPU 235.91 Mkey/s][Total 2^32.82][Prob 39.1%][50% in 00:00:12][Found 0]
PubAddress: 1TryMeJT7cfs4M6csEyhWVQJPAPmJ4NGw
Priv (WIF): p2pkh:Kxs4iWcqYHGBfzVpH4K94STNMHHz72DjaCuNdZeM5VMiP9zxMg15
Priv (HEX): 0x310DBFD6AAB6A63FC71CAB1150A0305ECABBE46819641D2594155CD41D081AF1
C:\C++\VanitySearch\x64\Release>VanitySearch.exe -stop -gpu 3MyCoin
VanitySearch v1.11
Difficulty: 15318045009
Search: 3MyCoin [Compressed]
Start Wed Apr 3 14:52:45 2019
Base Key:FAF4F856077398AE087372110BF47A1A713C8F94B19CDD962D240B6A853CAD8B
Number of CPU thread: 7
GPU: GPU #0 GeForce GTX 1050 Ti (6x128 cores) Grid(48x128)
124.232 MK/s (GPU 115.601 MK/s) (2^33.18) [P 47.02%][50.00% in 00:00:07][0]
Pub Addr: 3MyCoinoA167kmgPprAidSvv5NoM3Nh6N3
Priv (WIF): p2wpkh-p2sh:L2qvghanHHov914THEzDMTpAyoRmxo7Rh85FLE9oKwYUrycWqudp
Priv (HEX): 0xA7D14FBF43696CA0B3DBFFD0AB7C9ED740FE338B2B856E09F2E681543A444D58
C:\C++\VanitySearch\x64\Release>VanitySearch.exe -stop -gpu bc1quantum
VanitySearch v1.11
Difficulty: 1073741824
Search: bc1quantum [Compressed]
Start Wed Apr 3 15:01:15 2019
Base Key:B00FD8CDA85B11D4744C09E65C527D35E231D19084FBCA0BF2E48186F31936AE
Number of CPU thread: 7
GPU: GPU #0 GeForce GTX 1050 Ti (6x128 cores) Grid(48x128)
256.896 MK/s (GPU 226.482 MK/s) (2^28.94) [P 38.03%][50.00% in 00:00:00][0]
Pub Addr: bc1quantum898l8mx5pkvq2x250kkqsj7enpx3u4yt
Priv (WIF): p2wpkh:L37xBVcFGeAZ9Tii7igqXBWmfiBhiwwiKQmchNXPV2LNREXQDLCp
Priv (HEX): 0xB00FD8CDA85B11D4744C09E65C527D35E2B1D19095CFCA0BF2E48186F31979C2
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Many countries have research, development and launch pilots for their CBDCs. In 2023, we will have Japanese and Russian central banks. Russia goes ahead of all by not only launching pilot of their digital Yen for testing (like on testnet) but they go with real pilot on retail purchasers and their transactions. Many countries announce their interests in CBDCs and plans to launch theirs. https://cbdctracker.org/Japan Will Launch Pilot for Issuing Digital Yen in AprilBank of Russia to Pilot CBDC in April. Digital ruble payments will be launched for retail purchases and peer-to-peer transactionsI don't know what are plans of governments and central banks for CBDCs and how different CBDCs will be able to connect with each other for transactions in future. - Will we simple download applications of CBDCs and have our banks on our devices without need to go to central banks and register our accounts there? I guess they will force their citizens to register accounts, KYC at bank office before are able to use CBDCs on applications. - How those CBDCs from different nations will be able to connect with each other in dual interactions or global interactions? In fiat currencies, we have systems like SWIFT, CIPS to connect different central banks. With CBDCs, what blockchain will they run on? If each CBDC runs on an unique blockchain, will it be very difficult to use them for global transactions cross countries. To solve this, will central banks make bridges, CBDC bridges for cross countries, cross central bank transactions by CBDCs? Cryptocurrency bridges are weak and vulnerable to hacks. Will CBDC bridges be better in security? https://asia.nikkei.com/Spotlight/Caixin/Analysis-China-s-CIPS-cannot-rescue-Russian-banks-from-SWIFT-banChina's central bank launched its own Cross-Border Interbank Payment System, known as CIPS, in 2015
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I think the market will have a few months for altcoins or in September
I am thinking of some trends
- NFT
- Top altcoins
- Polkadot ecosystem
- Solana
What altcoin trend do you think will be the best in September?
I tend to choose Polkadot.
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Four months are not long in our life but in crypto it is long if we buy a coin, see it drops and side way. It is the most boring experience. Masari is trying to break out. In April, it suddenly took off to more than $0.2 and bottomed $0.03 in early of August. Do you think it will be able to break out the resistance and double its price to the next resistance $0.11? |
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The Week On-Chain (Week 4, 2021) from Glassnode. Adjusted SOPR: unlikely to fall to lower levels. Net Unrealized profit/loss: does not top yet. Bitcoin changing hands: good impulse rate. BTC whales (>= 1k BTC): rapid increase. The article gives me idea that the correction of BTC is to help it rising more. The article can be used for investors who don't care much about short volatility of the market, not traders.
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Offtopic has many shit posters and I don't know how they make posts in off-topic. Do they get anything from posts in off-topic?
Topics in offtopic can be helpful but very scarce to see them. No value topics in offtopic can a topic for spammers. I don't know moderators accept reports to lock those topics if I submit my reports. If a topic is no value at birth and after a while, is it good to lock it forever?
Please help and if moderators will lock it with my reports, I will make report if I see them.
Thank you for your answers. I got it. Lock the topic now.
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The site bitcoin.com is a website was built by a scam team (Bitcoin Cash). They tried to scam investors by claiming they are real bitcoin. 3 years since 2017, they are still using the bitcoin.com domain to promote their scam Bitcoin Cash. If they are honestly and seriously with their project, they would move to a domain as bitcoincash.com. I only found they have a tool to verify bitcoin message. Should I use their tool to verify bitcoin message? Are they set up any traps on their site and with that tool? Til today, they are trying to replace Bitcoin by Bitcoin Cash. The main color is Green and it is for Bitcoin Cash, not for Bitcoin. I am very surprised because I can not find a tool to verify Bitcoin Cash message on their website  In the box for Bitcoin address * they put the grey message Enter Bitcoin Cash (BCH) or Bitcoin (BTC) address
I hate to say my feeling but they are shady with their tool and their message, Bitcoin Cash is appeared first before Bitcoin. |
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In crypto, phishing attempts are around us every day and Google has very bad reputation on the way they sell their advertisements and search engine for projects. They don't do investigation or do it very bad and no matter how they do that, at the ends they allow many scam projects, phishing sites appear on the top of Google search results. The latest attack on Metamask with malicious phishing web browser is one of that. This one can cause serious losses for crypto investors especially in the days people are still being crazy with DeFi tokens. Metamask is one of most common gates to join DeFi space. When I am writing this topic, Google still has not shut it down. You can check and see that malicious extension at the top of search result at the Ad area. The official site of MetaMask is: https://metamask.io/
ALERT: Malicious Crypto Browser Extension—Masked MetaMaskhttps://twitter.com/ciphertrace/status/1334857643337379841The article from Cypher Trace gave some warning and details UPDATE: 12/03/2020
The MetaMask phisher continues to buy sponsored ads on MetaMask search results. The company urges users to “use direct links, and if you need to use search, watch out for sponsored links!”
Sponsored ads for the fraudulent maskmeha[.]io seem to have been displaced by meramaks[.]io
 12/02/2020
Within the past 24 hours, CipherTrace has noticed an uptick of alerts and comments within the online cryptocurrency community of users’ funds being stolen via a Chrome browser extension phishing attack posing as cryptocurrency wallet and browser extension MetaMask. The fraudulent browser extension is directing information to maskmeha[.]io, which then subsequently redirects to https[:]//installmetamask[.]com.
Whois Information for https[:]//installmetamask[.]com
First Seen Date: 11/26/20
Thumbprint: a7f5485707f9ff4dbb3bc75bf78e6029ea5add58
IPs:
172[.]67[.]203[.]220
104[.]27[.]160[.]92
104[.]27[.]161[.]92
Registrar:
Date: 11/29/20
Name: NameCheap, Inc.
VirusTotal currently has this domain flagged with a 0 score and its creation day at 7 days ago. Inspecting this domain further, we found that the domain had been mentioned in a Tweet on November 28, 2020 by Twitter user @dmazorosete who sought a response from MetaMask regarding the potentially fraudulent site.
$WHALE Community on Medium published a post ~18 hours ago instructing users to send $WHALE funds to MetaMask and referenced the https[:]//installmetamask[.]com domain as the MetaMask wallet download page.
The page for the phishing site mirrors the actual MetaMask site quite well, as seen below.
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Some people don't understand what is Buy/ Sell, Long/ Short, Bid/Ask and don't know difference between them. They use those terms very careless and arbitrarily. Important to remind that those terms are used in pairs, you can not use Buy and Short, Sell and Long for example. It is weird and not correct. Buy/ Sell is used for real possesions. When you buy or sell, you buy or sell (cash out) with your real assets, real money. Long/ Short is used for unreal possesions (or no possesion at all). You don't own the asset you Long or Short. You borrow it from other customers or from exchanges. With Long and Short, you have to pay fees for borrowing assets. If you borrow from customer A, and that contract expires after 1 day, you will have to borrow another loan from another customer (B, example). Exchange automatically do the process for you but it is like that. Your loan will only be closed if you close your positions (Long or Short). Long and Short positions need to be closed as soon as possible. They are different than Buy and Sell. Bid/ Ask relates to spread on the market and please see the document for more explanation. On some exchanges, operators use Bid/ Ask instead of Buy/ Sell. Long Position vs. Short Position: What's the Difference?Bid and AskSell definition and Buy definition |
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I paid for my Pro+ order on Trading View with discount price for the Black Friday. The payment method I used is crypto from CoinBase. I sent more amount the expected because I thought the redundant amount will stay in my Coinbase account, and the amount of the order will be sent to Trading View. I got the notification it is Overpayment. The notification The merchant received your payment but the amount received was more than what was requested. Please contact the merchant with the following order code to proceed: xxxxx
I can not find support ticket or anything on Trading View with my account. Can you help me, please. |
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In the On-chain week 47 report, Glassnode reported BTC Exchange Liquidity Continues on its Downward TrajectoryThe report impressed me that liquidity is continuously falling in this year, since the beginning. Does it come from institutional investments this year? They are whales, they are institutes and they do long term investment. After they bought bitcoin, they hold it and it causes drops in liquidity on exchanges. They bought more bitcoin than total bitcoin were mined by miners and more non-institutional whales decided to hold their bitcoin for Moon. The number of BTC on exchanges has been on a near-continuous downward trend since the beginning of 2020, dropping by nearly 20% throughout the year. Since October, the withdrawal of bitcoin from exchanges has become even more rapid as BTC's price has increased more steeply.
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