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1401  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Dogecoin listed on Coinbase pro on: June 02, 2021, 07:25:18 AM
Doge coin deserves it because it's a old crypto coin now, I think as old as BTC if I'm correct, what I would like to share is everyone should remember that doge coin is a meme coin, there is no utility or use cases to this project and it's impossible to add one now so be smart and know what you are doing
Did you just say an old coin with zero utility deserves to be listed on Coinbase pro? That really sounds contradicting Grin I would give Doge more credit because it has its own blockchain, you can mine it, and gambling platforms accepts it. There are so many jurassic coins tha haven't made it to bigger exchanges.
1402  Alternate cryptocurrencies / Altcoin Discussion / Re: Invest on alts suggestion on: June 02, 2021, 06:55:15 AM
I don't think that alts would drop at the same level as 2018 market crash. Maybe the recently launched projects would drop that much but not the large caps coins/tokens. If you are betting for 2024, try to look for mid caps. Accumulate slowly.
1403  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: DeFi Flash Loan Attacks on: June 01, 2021, 02:53:22 PM
~
Seems markets are going down more. More defi attacks?
DeFi might be the trend today today but attacks/exploits on DeFi projects aren't that big to cause panic selling of other coins and tokens compared to bitcoin ban by Governments/Banks and other crypto FUDs.

If you look at the chart, there were indications that BTC could drop again over the weekend. That actually happened and so the usual drop in the market.

Really? From the news I am seeing, each defi rug pull is pulling out tens of millions of dollars worth of ETH and tokens, and yes that is nothing compared to 100 million ICO exit scams but nowadays defi projects only raise around 10 million in their IDOs,,, so I would say collectively it is still a lot of money. BTC dropping does not help the sentiment too!
Like I said, rug pulls and flash loan attacks on 1 or 10 platforms are not big enough to crash the market as that was you were asking. Each time an attack happens, the market always move on. They absorb any dumping of eth or bnb by hackers. Also, don't think that DeFi players have all/most of their money on farming/staking pools.
1404  Economy / Gambling discussion / Re: [Boxing]: Donaire vs Oubaali - May 29 on: May 30, 2021, 08:10:34 AM
~

He's not going to retire, for me, he should not, he has just beaten an undefeated champion at the height of his career,
I also don't think he will because there will be more money fight/s for him after winning a belt. We're still in a pandemic and everyone's hustling after all. It's just that I think he'll lose again in a rematch with Inoue because of the reasons I already said. I don't want to see him going out like that.
1405  Alternate cryptocurrencies / Altcoin Discussion / Re: What is the real deal on USDT Tether? on: May 30, 2021, 07:55:43 AM
~ What do we actually know about this situation? Should we be listening to the Cassandras on this one?
It's quite a shame that the NYAG settled for $18.5 Million and allowed Bitfinex/Tether not to admit to any past wrongdoings. I don't blame them though because I know it's tough as hell to dig into those records and the amount paid is probably decent. They also won by forcing Tether become more transparent.

The problem with tether is lack of transparency.
Part of their agreement with the NYAG is to publish a quarterly report of their reserves for the next two years.
1406  Bitcoin / Bitcoin Discussion / Re: Mainstream Media now Admitting that +67% of BITCOIN Mined&Owned by China on: May 30, 2021, 07:16:12 AM
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Check out the link, there is a graph, 90% of BTC is mined in CHINA,
I can only see one chart and it says 2/3 of the world's mining power is based in China. Did I miss something?

Assuming either of the figure is true, the thought that the Chinese government, being the control freak that they are, could force all miners based in their country to attack Bitcoin is scary. It's probably the only authority today that is capable because they know the identity of the biggest miners.
1407  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: DeFi Flash Loan Attacks on: May 30, 2021, 06:27:31 AM
~
Seems markets are going down more. More defi attacks?
DeFi might be the trend today today but attacks/exploits on DeFi projects aren't that big to cause panic selling of other coins and tokens compared to bitcoin ban by Governments/Banks and other crypto FUDs.

If you look at the chart, there were indications that BTC could drop again over the weekend. That actually happened and so the usual drop in the market.
1408  Alternate cryptocurrencies / Altcoin Discussion / Re: Crypto Pablo - What do you think on him? (Actually urgent) on: May 30, 2021, 05:58:07 AM
This guy claim that he introduces us only to the most trusted projects because there were many scam projects lately
Take everything he says with caution. I've seen many guys claim the same thing in the last four years. Some of them vanished during the bear market while others ended up shilling failed/scam projects. I'm confident that a few were paid through their partnership with projects they advertise.

1409  Bitcoin / Bitcoin Discussion / Re: Experts Advise Musk to Invest in Cocaine Rather than Bitcoin - Safer Investment on: May 30, 2021, 05:42:24 AM
I cannot find any article that says someone telling Musk to buy illegal drugs. Nobody would day say that in public while not staying anonymous. I think the OP was meant to be a joke or a rant against Elon and the title should have been Expert advise to Musk,
1410  Economy / Gambling discussion / Re: [Boxing]: Donaire vs Oubaali - May 29 on: May 30, 2021, 05:29:36 AM
Congrats to all bettors on Donaire. Weekend made better by some profits Wink
~
The fight that makes the most sense now would be a rematch of 2019's fight of the year against Inoue. He deserves that opportunity because he gave Inoue his toughest fight.
For sure this rematch would make sense but I'd rather see him retire as a champion. Inoue adds more and more experience under his belt while his power still remains. Donaire, on the other hand, undoubtedly still has the skills but not the body to endure those strong punches.

What I'm saying is that the rematch will be much easier for Inoue. He knows Donaire better now.
1411  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: BitcoinTalk's altcoin section vs. altcoinstalks.com on: May 29, 2021, 01:35:29 PM
As what others mentioned, Altcoinstalks members are mostly bounty hunters. It was much easier to rank up when that forum was starting and the admin/mods are more lenient.

When it comes to organization, you can see even at first glance that Altcoinstalks is better. When it comes to content, Bitcointalk is still superior.
1412  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: uniswap question regarding liquidity on: May 29, 2021, 08:16:31 AM
how do you raise funds when you don't have enough money to add liquidity?
This is like asking how can I invest when I do not have money to me. Go get some work and earn money.

why do we have to deposit to add liquidity?
When you say add liquidity, that literally means contributing to a money pool. You should read this article before you ask further questions - What Are Liquidity Pools in DeFi and How Do They Work?

^ If that's too complicated for you, type liquidity pool explained on youtube. There should be plenty of short videos you can find there.

Any other platforms to raise funds without adding funds?
Charity Huh
1413  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: DeFi Flash Loan Attacks on: May 29, 2021, 07:59:46 AM
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I have read up yesterday or a couple of days wayback about some anonymous chat or text that China does have plans on having these attacks.I didnt really believe on it but it seems those words are true when i do read up this news.

So that guy did really pass off some legit insider hints and news.
Where did you read that? 4chan?



I was reading a conversation with a developer of another platform with some members of what possibly happened with burgerswap and it was mentioned that the devs removed a code (related to compounding) that could have prevented exploits like flash loan. It could be intentional because there's no valid reason why they would do that.
1414  Economy / Gambling / Re: 🎲BetFury.io|⚡️Free BTC+BNB|⚡️$3.5mln Staking pool|⚡️BFG listing party on: May 29, 2021, 07:49:18 AM
I was checking the token details in the stakng page and notice something odd in the total mined tokens. 51% of the total supply of 5 Billion BFG was alloted for mining (2.55 billion) but the figure in the staking page exceeds that amount (2.69 billion). Was there a change in tokenomics apart from the merging of tokens?
I don't think there was any other change besides the merging of both tokens but the Betfury team is best placed to comment on this.
I was expecting a response from the Betfury team but the representative skipped my question and proceeded with his/her hype post about top-100. It would have been nice to get a feedback even if he/she doesn't know why total mined tokens as reflected in the website is more than what it's supposed to be as stated in their whitepaper 2.0.



1415  Local / Pilipinas / Re: Tapos na ba ang bullrun? 2021 on: May 28, 2021, 09:30:57 AM
Oberve muna sa susunod na dalawang buwan kung kaya i-hold and $30K-$40K line (or $25K kung sakali). Kapag nakayanan, malaki tyansa na magkakaroon ng isa pang wave towards $100K na. May ilan-ilan na ding mga bilyonaryo ang lumabas lately at sinabing may BTC sila or interesadong bumili.

Noong 2017, nagkaroon din ng malalim na correction noon sa kalagitnaan ng taon bago tuluyang umakyat ng $20K.
1416  Bitcoin / Bitcoin Discussion / Re: No One Can Shut Down Bitcoin on: May 28, 2021, 09:05:31 AM
It's not impossible but it would take a coordinated effort from governments and companies of different countries to attack/control the network then completely shut it down. It looks impossible because I doubt that anyone would spend billions/trillions/quadrillions of dollars for this. Why would they when they can easily benefit from it through regulations (taxes)?.
1417  Other / Beginners & Help / Re: Bitcoin and Mining on: May 28, 2021, 08:53:48 AM
~
Its Same with other coins?  Eth?  Or only goes for btc?
I'm not really familiar with the whole ETH mining but since it still uses POW, then yes it won't be transferred. You also have to remember that all these transactions are done online and between devices. If nothing is online, no transactions will be successful. It's not like handing out paper fiat to the next person.

~ So for 20$ Transaction You need big mining Factory to operate to use a lot Energy.
It doesn't have to be that way but competitions for mining the next bitcoin block increased in the last 10 years that miners have to buy more powerful machines to stay ahead. Back in the day, you can still mine using a PC and get rewarded.
1418  Other / Beginners & Help / Re: Bitcoin and Mining on: May 28, 2021, 08:46:06 AM
Yes, your $20 won't be transferred to any wallet if all miners are shutdown at the same time. It will be stuck in the mempool for approximately 2 weeks before it gets dropped and returned to your wallet.
1419  Alternate cryptocurrencies / Service Discussion (Altcoins) / CipherTrace on BSC on: May 28, 2021, 08:18:07 AM
It was recently announced that CipherTrace will be providing analytics support to the Binance Smart Chain ecosystem to track what they call illicit transactions. What this means is that they will be flagging transactions/wallets that they deem involve in hacks, money laundering, or other illegal transactions.

We're thrilled to welcome a leading cryptocurrency intelligence company CipherTrace to the Binance Smart Chain ecosystem. Today, May 27, CipherTrace announced analytics support for Binance Smart Chain, providing the power to identify higher-risk financial transactions on BSC and its  600+ decentralized applications (dApps), with support from Binance. The inclusion of CipherTrace's analytics also allows Virtual Asset Service Providers (VASPs), including exchanges, banks, OTC desks, hosted wallets, and other financial institutions, to flag transactions occurring on BSC with a high probability of originating in illicit activity, including fraud

It's not something new but could be a much needed news after a series of flash loan attacks on different BSC DeFi platforms.

What's your take on this? Probably not something to be worried about especially if you're aware that BSC is a blockchain that's also centralized. These DeFi platforms can hault all trading/swap at anytime.
1420  Alternate cryptocurrencies / Service Discussion (Altcoins) / DeFi Flash Loan Attacks on: May 28, 2021, 06:44:38 AM
Active DeFi stakers probably read the stories already or have been caught in the middle. For the curious and unaware, PancakeBunnyFinance, AutoShark, Merlin Labs, and lately BurgerSwap have all been victims of flash loan attacks. It is also important to note that the codes of these platforms have passed some audit tests but were still exploited.

How the attacks hapened (in summary):

1. PancakeBunny - Lost ~$45 Million

1. The exploiter staged (and exited) the attack using PancakeSwap (PCS)

2. By exploiting a difference in PCS pricing, the hacker intentionally manipulated the price of USDT/BNB and Bunny/BNB, acquiring a huge amount of Bunny through the use of Flash Loans.

3. The exploiter dumped all the Bunny in the market (Ethereum), causing the price of Bunny to plummet

4. The exploiter then exited the attack by paying back the remaining BNB (by having exploited the price difference from before) on PCS.

The team has updated their code since as they should and you can read it here.

2. AutoShark - ~$745K

The story for this one is a bit funny. In an attempt to promote their platform, they suggested that the $100K DAI, that was donated by the PancakeBunny hacker, be staked in their platform and auto-compounded. The next thing you know, they were also attacked Grin

Exploiter used $36,800,000, 100,000 BNB for the attack, and approximately 2,500 BNB was exploited — $822,800. 100,000,000 SHARK tokens were minted and used to drained all the liquidity in the LP pool because our token market cap was small (only at $2,000,000 approx) SHARK tokens, which are sold immediately via 1inch -> AnySwap.

3. Merlin Lab - ~$680,000

1. Added a small sum of deposit to the LINK-BNB Vault (with this transaction).
 
2. Send 180 CAKE to the LINK-BNB Vault contract. (this is important! this is the key that leads to the hack.)

3. Call getReward with the deposit of LINK-BNB Vault from the first step.

4. With the rather large amount of CAKE token in the wallet balance of the vault contract (sent by the hacker at step 2), it returned a large amount of profit (see detailed analysis below). As a result, the system minted 100 MERLIN as a reward to the hacker.
   
5. Repeated 36 times. Got 49K of MERLIN token in total.
   
6. Swapped MERLIN token into 240 ETH and transferred out of BSC using Anyswap.

Few hours after the attack, another hacker exploited another error in their code - lost ~$550,000.

Did you see they got hit *AGAIN* like 5 hours later for another 200+ ETH by a completely different exploit once they turned minting back on? 

https://bscscan.com/tx/0x664cbe3af9d7627819e1955a90d777d6cf492021eede057bc52686186da192e5 

This one takes advantage of a (intentional?) mistake in their new priceCalculator that misprices only BAND.

4. BurgerSwap ~$7,000,000

1. At around 3 am on May 28th (UTC+8) #BurgerSwap on the BSC chain encountered a flash loan attack; $7.2M was stolen from #BurgerSwap in 14 transactions;

2. Here is the core of the attack, Hackers created their own Fake Coin (non-standard BEP-20 tokens) and formed a new trading pair with $BURGER

3. by adjusting the routing, attacker created $BURGER -> Fake Coin -> $WBNB routing; through $BURGER -> Fake Coin trading pair, attacker re-entered  BurgerSwap  through Fake Coin & manipulated  number of reserve0 and reserve1 in the pair’s contract, causing the price to change

4. Then re-enter the transaction again and trade back the $WBNB, to obtain the extra amount of WBNB inputted

5. Using WBNB as an example to illustrate the details of the attacks:
(1) Attacker flash swapped 6,000 $WBNB ($2M) from PancakeSwap;
(2) Then swapped almost all $WBNB to 92,000 $BURGER on BurgerSwap
(3) Created pair with a fake token on BurgerSwap & added 100 fake tokens and 45k $BURGER to pool;
(4) Swapped 100fake tokens to 4,400 $WBNB through the pool;
(5) Because of reentrancy in time of transfer fake token, attacker did another swap from 45k $BURGER to 4.4k $WBNB
(6) In total attacker received 8,800 $WBNB in the two latest steps;
(7) Swapped 493 $WBNB to around $108,700 BURGER on BurgerSwap;
(8. Attacker repay the flash swap

All mentioned platforms have already set up ways to recover from the exploits. Follow their progress if you've invested in their platform or bought their token/s.

For those interested in keeping up with these kind of news, follow https://rekt.news/
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