Hey! So I’m in a group of climate activists, lot of them being artists and so i was wondering if it would be a good idea to publish original NFTs as a way to fundraise money for climate action? Technically how would it work? Is there any platform for it? We’re based in the EU,…
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Some of my crypto is on an exchange with triple factor authentication which in itself will confuse my wife. Some are on a wallet but if I share with her the pass phrase she will just put it on a piece of paper… Is the notary a good solution to keep the pass phrase safe…
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My friend wants to get into mining, and his options are between a 3060 and 1660 super. I'm just a little confused because I see many people getting similar hash rates between the cards and sometimes the 1660 super gets higher hash rates. Am I misunderstanding something or is a 1660 super a better mining…
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A spokesperson for the Central Bank of Nigeria (CBN), Osita Nwanisobi, has said the launch of the much-hyped e-naira central bank digital currency (CBDC) has now been postponed to a later date. Nwanisobi’s announcement came less than 24 hours before the CBN was scheduled to launch the digital currency. Launch Date Clashes With Nigeria’s Day […]
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Anyone else feel like crypto is their last hope at attaining financial freedom. When i was younger i used to think that if i truly study hard i could get a job but living in a shitty country all my dreams and hope are gone now, over here corruption is everywhere and if you want…
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Coinbase has released a breach notification letter this week saying that a minimum of 6,000 user accounts were victim to hackers. The exchange has stated that the breach took place between March and May of this year. What We Know The letter notes that unauthorized third parties exploited Coinbase’s SMS account recovery process and transferred user funds to accounts outside of Coinbase. However, the company added that in order to do so, those third parties needed to have email addresses, passwords and phone numbers – as well as email access. Coinbase believes that users fell victim to a phishing attack, or some sort of equivalent, in order to have this information exposed, and that there was no evidence to support that the information was taken directly from Coinbase. The exchange states that account recovery protocols around SMS were updated after Coinbase discovered the issue. The letter closes that some accounts have already been reimbursed and that all accounts would be fully compensated equal to any losses incurred. The letter was also posted on the California Attorney General website. Since going public earlier in the year, COIN has faced substantial headwinds, with less-than-stellar stock market performance. | Source: NASDAQ: COIN on TradingView.com Related Reading | Bitcoin Price Blasts Off With 10% Move, But Is This The Start Of More? Safety First While the amount of hacked crypto has not been disclosed, Coinbase’s immediacy in restoring user funds is reassuring, but comes at a time where a number of stories have been hitting the headlines around hacks and vulnerabilities. In recent days, Compound Finance issued a governance rule that had a small piece of faulty code that resulted in inappropriate token distribution, putting over $80M worth of COMP tokens at risk. Just a few days prior, DeFi protocol pNetwork lost over $12M to hackers. It’s also not the first sticky situation for Coinbase recently, either. Last week, pressure from the Securities and Exchange Commission (SEC) was enough to totally sideline the company’s anticipated interest-generating product, Lend. That came just a few weeks after a blog post and corresponding long-winded tweet thread from Coinbase CEO Brian Armstrong, expressing frustration in communications with the SEC, and describing the agency as “sketchy.” Additionally, the major crypto exchange has faced challenges with the impacts of potential infrastructure legislation and USDC drama in recent months. Crypto’s safety and security has substantially improved over time, but that doesn’t mean that no one is vulnerable. Our team at NewsBTC reminds you to always use two-factor authentification, ideally via an authenticator, never share your seed phrase, use platforms that you trust, and be on the lookout for suspicious emails that may be trying to phish. Related Reading | Polygon Founder Says Ethereum Is Set To Replace Bitcoin As The Global Standard Featured image from Pexels, Charts from TradingView.com
Grayscale’s GDLC Fund now includes Solana and Uniswap at 3.24% and 1.06% respectively after reducing LTC and BCH holdings.
