Category: Cryptocurrency News

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Origin Protocol’s co-founder Josh Fraser pointed out some of the popular platform’s vulnerabilities Ever since its founding in 2015 as a tool for connecting and communicating with other gamers, Discord has very quickly established itself as the de facto community communications platform of choice for blockchain- and crypto-based projects and businesses of every conceivable type. From exclusive, invite-only Discord servers for NFT collections to airdrop and insider news communities, countless blockchain, NFT, crypto, DeFi, and Web3 projects use Discord as their go-to community engagement and marketing platform. Unfortunately, many server security issues, hacks, compromised accounts, and other privacy problems on Discord have plagued the platform. Josh Fraser, a co-founder of Origin Protocol, recently highlighted many of these issues in a Twitter thread that he posted to educate the general public about the potential hazards of using Discord. To begin, Fraser says that unauthorized third parties can gather many insights into the internal workings of different projects on Discord because the Discord API leaks the name, description, members list, and activity data for every private channel on every server. Since many crypto projects use private channels on Discord for many different needs, such as collaborating on as yet announced partnerships, product launches, exchange listings, and more, it is incorrect for anyone to assume that these channels are truly as private as their users assume. To illustrate his point, Fraser explains how private servers for Binance staff, an OpenSea server for Solana launch partners, and a Compound Finance channel for Coinbase, were all found to not be private despite Discord signaling via a lock icon that they were. What are some of the dangers of these issues? For starters, Discord’s security breaches range from leaking private server information, private user data (which can be used for doxing), and activity data (which can indicate an upcoming listing or release), to crypto projects using their multisig wallet addresses as the description for their private channels, which can potentially flag otherwise unremarkable data to malicious eavesdroppers. These are in addition to Discord effectively compromising the trust of the public (and its users) by not securing data on servers that should be private. While these issues were brought by Fraser to the Discord team, it does not seem likely that they will be addressed anytime soon. It is in the best interest of the public to be aware of these potential security issues and to take whatever action they deem appropriate to protect their privacy and data.

“People will stop mining the coin if they can’t make money off of it,” according to Michael Bloomberg who referred to the two previously hyped city coins.

The Securities and Exchange Board of India (SEBI) has reportedly proposed banning public figures, including celebrities and sportsmen, from advertising and endorsing crypto products. The regulator also proposed that public figures be held liable for any law violations when promoting crypto products. SEBI’s Crypto Advertising and Endorsement Proposal The Securities and Exchange Board of India […]

Ethereum layer 2 Nahmii wins tender for CBDC testing: "The sandbox project includes both technical and blockchain services, where Nahmii AS will build, maintain and train Norges Bank users and partners on the sandbox environment. In addition, the Norges Bank sandbox trial is expected to include all major Norwegian banks, who will also benefit from…
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The fallout from Terra’s collapse continues as outflows from Tether (USDT) hit an average of $1.1 billion a day over the past week.

Bitcoin corrected lower and tested the $29,000 support against the US Dollar. BTC must settle above the $30,500 resistance to start a decent increase. Bitcoin failed to gain pace above $31,000 and corrected lower below $30,000. The price is now trading above the $30,000 level and the 100 hourly simple moving average. There was a break above a connecting bearish trend line with resistance near $29,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if there is a close above the $30,500 resistance. Bitcoin Price Faces Hurdles Bitcoin price started a downside correction from the $31,500 zone. BTC traded below the $30,000 support zone and the 100 hourly simple moving average. There was a move below the $29,500 level, but the bulls were active near the $29,000 zone. A low is formed near $29,060 and the price is now recovering losses. There was a clear move above the $29,500 level. The price cleared the 23.6% Fib retracement level of the recent decline from the $31,390 swing high to $29,060 low. Bitcoin is now trading above the $30,000 level and the 100 hourly simple moving average. There was a break above a connecting bearish trend line with resistance near $29,600 on the hourly chart of the BTC/USD pair. An immediate resistance is near the $30,300 level. It is near the 50% Fib retracement level of the recent decline from the $31,390 swing high to $29,060 low. A successful close above the $30,300 level could open the doors for a decent increase. Source: BTCUSD on TradingView.com The next major resistance is near the $31,400 level. A clear move above the $30,300 and $31,400 resistance levels might start a fresh increase in the coming sessions. The next key resistance could be near the $32,500 level, above which the price might rise towards $34,000. Fresh Decline in BTC? If bitcoin fails to gain pace above the $31,400 resistance zone, it could start a fresh decline. An immediate support on the downside is near the $29,600 level. The first major support is near the $29,000 level. A downside break and close below the $29,000 support might start a major decline. In the stated case, the price could decline towards the $89,000 level. Technical indicators: Hourly MACD – The MACD is now slowly gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $29,600, followed by $29,000. Major Resistance Levels – $30,500, $31,400 and $32,500.

Coinbase is rapidly expanding its product offerings this month as some select users can now access DeFi and other Dapps on Ethereum through the Coinbase app.

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Following the implementation of USDD, Tron DAO Reserve, the decentralized umbrella fund for USDD, has released a list of assets aimed at protecting the ecosystem’s new network of stablecoins. This received a lot of community attention in the midst of UST’s loss of peg (1 USD anchor). ​ Tron DAO Reserve publishes list of assets…
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