Category: Cryptocurrency News

So because Kraken has "taken over" this sub. I figure, maybe it's time to do a deep dive on the security on Kraken. ​ An important thing with exchanges is a 2FA. My favorite type is a security key but they also have the ability for you to use an app. https://preview.redd.it/qzhf01vmtqgb1.png?width=1317&format=png&auto=webp&s=ad975ae5c9119e433bbd223de45cec082ee7cc9d For those of…
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The leveraged yield aggregator confirmed on Aug. 7 that it was hacked and said it’s willing to discuss a bounty with the exploiters.

The crypto space is never lacking of events – from hacks to memecoins frenzy, to traders realizing huge profits from trades. This time, it is the action of a particular Ethereum whale that has caught attention, one that has the ETH community in shock as to the reasons for such action.  The mysterious whale in question with the Ethereum address ‘nd4.eth’ sent $4.5 million worth of Ether (2,500 ETH) to a ‘burn’ address, in a move that removes these tokens from circulation forever. This interesting event, which occurred on July 26, has led to a burning question on the lips of everyone – who is this mysterious whale? Who Is The Mysterious Ethereum Whale? Although there is currently limited information on the mysterious whale, Crypto Twitter has been able to dig up some information as to who this person might be. Recent Twitter discussions revealed that the user behind ‘nd4.eth’ was on Binance Leaderboard which shows the traders in profits on the platform.  Related Reading: Curve Finance Announces $1.85 Million Bounty For Stable Pool Exploiter Another Twitter user (@serialsexhaver) revealed that the trader had over $20 million in earnings on GMT long and “went all in on a btc short” and then deleted his account. The Tweet read: Last year he was on Binance leaderboard, made north on 20mill on gmt long, was giving away anons gmt sneakers and went all in on a btc short …then deleted his account This is also not the first time this particular user is doing something like this. According to information gotten from Web3 portfolio tracker DeBank, the “nd4.eth’ address had previously sent Wrapped Ethereum (WETH) to another burn address many times, with these transactions amounting to approximately $8,000 in total. The address still has a huge portfolio though, with close to $3.57 million staked on GMX and GNS. ETH price plunges to $1,823 | Source: ETHUSD on Tradingview.com Contributing To The Growth Of ETH While the crypto community continues to speculate the reasons for the ‘$4.5 million burn,’ there is no doubt that the ‘nd4.eth’ address has, for whatever reason, contributed to the growth of the Ethereum ecosystems.  His actions also further fuel the Ethereum as an ‘ultra-sound money’ narrative. Laurence Day, the creator of the Wildcat Protocol, jokingly commended the individual when he stated: “If you didn’t wake up this morning and say thank you to nd4.eth for contributing to the ultrasound money narrative, I want you to have a long, hard think about what you’re trying to achieve here.” Related Reading: Crypto Funds Vs Bitcoin Holders: Who Was The Better Performer In H1 2023 True to it, the burning of tokens makes it deflationary and is usually done to decrease the token’s circulating supply and help boost demand and increase its market value. Ethereum isn’t the only ecosystem that the said individual is contributing to.  According to a tweet from Lookonchain, the user “spent 5,330 $DAI to buy $GMX and $GNS on July 29 and also transferred 34.9 GMX ($1,989) and 600 GNX ($2,733) to the dead address.” Featured image from iStock, chart from Tradingview.com

0x779535aD16B11DBCBAD04952a39669a289d9aE34 This is not a scam because you receive nothing. I'll post how much I made tomorrow in my Twitter: eliana_eth_ask submitted by /u/Cool_Ad8066 [link] [comments]

The crypto market has been downward over the past 24 hours, with top coins like Bitcoin dancing in tune with the bearish trend. But while top coins lost the past week’s gains, XDC Network holds over 16% of its gains. XDC now trades at $0.068, a price 16.75% higher than its value seven days ago. However, despite the token’s resilience, the bulls are about to capitulate, with nearly 4% lost in the last 24 hours. XDC Network Price Performance In The Last Week XDC’s market situation today is similar to a water lily, with roots buried in the water while shooting out flourishing leaves above, looking for more opportunities to rally. XDC’s partial bullish momentum sustains the token’s weekly gains, while others have completely succumbed to bearish pressure. Related Reading: When Will Polygon (MATIC) Rebound? Analyzing This Month’s Recovery Potential XDC’s current price is still over 126% higher than its value 30 days ago, suggesting the bulls are still determined to withstand the fluctuations. The slight 0.55% decline in its 24-hour trading volume confirmed this assumption. XDC Social Sentiment Bullish As Community Awaits Upcoming Ecosystem Events Anticipation for the ETHToronto Hackathon slated to hold from August 15-16, 2023, remains high, with the XDC community at the center. According to an August 4 announcement by the XinFin Network, the XDC Network is the official Tera Byte sponsor of this event.  This event provides an incredible opportunity for blockchain and crypto enthusiasts to connect, collaborate, and explore the future of blockchain technology. The anticipation has increased XDC’s social sentiment as several people are already trying to purchase the token. Moreover, the event could also increase XDC’s exposure, potentially increasing its usability, user base, and trading volume.  In another announcement, the XinFin Network announced that the XDC Foundation will be the platinum sponsor of the Trade Finance Investor Day 2023. The event, organized by the Trade Finance Distribution Initiative (TFDi), will hold on October 19-20 at the five-star Grove Golf and Country Club, Hertfordshire, UK. The initiative aims to help many investors access trade assets at the lowest possible cost. At the event, XinFin USA, the company behind the XDC Network, will showcase the benefits of the XDC Network to banks, secondary market investors, and industry experts. These collaborative efforts are boosting the network’s market presence, reflected in the token’s price performance over the past week. XDC Market Outlook; What’s Next? Meanwhile, the bears are active in XDC’s market today, actively trying to push the token off the $0.07 price level. The daily chart shows the Moving Average Convergence/Divergence is below the signal line, with red candlesticks. Also, the RSI is at 45, approaching the oversold area. Related Reading: Behind The Quiet: Low Bitcoin Volatility Masks Underlying Market Dynamics XDC now approaches the $0.6 support zone, a point that might empower the bears for more downtrends. XDC could dip lower in the next few hours if the bulls fail to regain momentum.  The token reached a day peak of $0.08028 on August 6 before gradually receding to the bears. As of the time of writing, the token has slipped off its peak and now trades at a low of $0.06872. Featured image from Pixabay and chart from TradingView.com

I found out today that on Coinbase Wallet there's a campaign to bridge ETH into Base, so I decided to look a bit more into it… From Coinbase's FAQ, on Base: **What is Base?**Base is an Ethereum Layer 2 (L2) chain that offers a safe, low-cost, developer-friendly way to build on-chain. Base is an L2…
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Under the Securities and Futures Commission’s licensing regime, which started June 1, crypto firms offering services or operating in Hong Kong must comply with new requirements.