February 8, 2023 - News and Education Crypto Exchange

Haunts me to this day, Crypto project hacked for $4M in a hotel lobby

February 8, 2023 7:16 am No Comments

After meeting with con artists posing as investors in a hotel lobby in Rome, the co-founder of Web3 metaverse game engine “Webaverse” stated they had been the victims of a $4 million cryptocurrency heist. According to Ahad Shams, the cryptocurrency was taken from a recently created Trust Wallet, and the theft happened at some time during the meeting. He thinks that while taking a picture of the wallet’s balance, the burglars managed to get inside. Shams filed an Internet Crime Complaint (IC3) form with the U.S. Federal Bureau of Investigation after reporting the theft to the local Rome police station. News Sorce

Crypto firms could face 2 years jail for breaching UK advertising laws

February 8, 2023 7:14 am No Comments

If cryptocurrency companies in the UK violate certain laws when marketing their services to citizens of that country, they risk up to two years in prison. In accordance with the FCA’s proposed regulations, cryptocurrency enterprises must either have FCA permission or qualify for an exemption under the Financial Promotion Order. In the UK, a “cryptoasset firm” can only reach customers through the following four channels: Advertisement In 2022, an AI cryptocurrency platform provided 17 winning alerts per month. A person authorized by the FCA is the one who announces the promotion. The Financial Conduct Authority (FCA) is establishing a legal framework via which approved businesses can allow financial promotions for unlicensed individuals. News Sorce

Dingo Crypto Token Flagged As Scam Over 99% Transaction Fee Backdoor

February 8, 2023 7:08 am No Comments

Dingo crypto token revealed as a fraud due to a backdoor 99% transaction fee. The cybersecurity company Check Point claimed to have found a “setTaxFeePercent” smart contract function. When a customer buys or sells a token, this essentially enables the project’s owner to withdraw up to 99% of the transaction amount. There have been complaints about the token from users on Twitter and CoinMarketCap. Users should only utilize reputable exchanges, according to CPR, and purchase tokens with a history of many transactions. News Sorce

Bitcoin Retail Holders Didn’t Mind The Crypto Winter, They Bought More

February 8, 2023 7:05 am No Comments

According to data, Bitcoin retail traders are more daring and have continued to accumulate despite declining prices for the majority of 2022. In less than a year, retail supply jumped from 12.7% to 17.1%. Retailers discovered opportunities to stock up during the previous bear cycle on every dip. News Sorce

Russia Expands Its Crypto Mining Capacity, Report Reveals

February 8, 2023 7:01 am No Comments

By the end of 2022, the total capacity of Russian cryptocurrency mining farms had surpassed 500 MW. Major considerations identified include lower prices for mining equipment and increased domestic client demand. According to executives, electricity prices and mining taxes may restrict growth. The Russian parliament was presented with a mining regulation law in November, but it has not yet been passed. The government may impose unique power rates and taxes on businesses engaged in coin production. News Sorce

Bitcoin And Ethereum Whales Move $743,000,000 In Crypto In Three Massive Transfers

February 8, 2023 7:00 am No Comments

Three enormous Bitcoin and Ethereum whales are drawing attention from crypto traders as Bitcoin flies above $23,000. In just three transactions, three whales move $743 million in cryptocurrency. After experiencing considerable volatility, Bitcoin has been reasonably stable over the past 24 hours. BTC is now trading at $23,305, down 0.5% from yesterday. News Sorce

Google invests $300M in AI firm previously funded by Sam Bankman-Fried

February 8, 2023 6:58 am No Comments

According to reports, Google Cloud has invested $300 million in the AI startup Anthropic. Sam Bankman-Fried, the former CEO of FTX, also gave over $500 million to Anthropic. According to the Financial Times, Google Cloud received around a 10% interest in Anthropic. News Sorce

FBI seizes $100K in NFTs from scammer following ZachXBT investigation

February 8, 2023 6:56 am No Comments

The FBI seized two non-fungible tokens (NFTs) worth over $100,000 and 86.5 Ether from a phishing scammer. ZachXBT, an independent blockchain sleuth, first exposed the alleged scammer after a lengthy investigation. The AP watch was one of the key identifiers that assisted in the identification of alleged fraudster Nick Senecal. This is not the first time crypto research has aided law enforcement. News Sorce

$20K Bitcoin May Return, Says Analyst As US Unemployment Hits 54-Year Low

February 8, 2023 6:53 am No Comments

Bitcoin lost earlier gains to refocus on the $23,000 support level. The pair reacted negatively to January unemployment data in the United States, which exceeded expectations. According to the US Bureau of Labor Statistics, average hourly earnings increased by 0.3%, as predicted. $25,000 is my main target, but I am seeing a lot of people asking for this now, and it is becoming a crowded trade,” popular trader Crypto Tony explained. Bitcoin/USD has surpassed $24,000 for the second time in two days. News Sorce

Only 4 People Controlled Tether Holdings As Of 2018: Report

February 8, 2023 6:46 am No Comments

In 2018, only four men owned 86% of stablecoin issuer Tether Holdings Limited. The Wall Street Journal obtained documents in connection with US authorities’ investigations. Tether’s ownership structure was previously unknown, thanks to investigations by the New York Attorney General and the Commodity Futures Trading Commission. The article was dubbed a “clown article” by the company’s chief technology officer, who vowed to “holepunch” the media. News Sorce

Day: February 8, 2023

Haunts me to this day, Crypto project hacked for $4M in a hotel lobby

Crypto firms could face 2 years jail for breaching UK advertising laws

Dingo Crypto Token Flagged As Scam Over 99% Transaction Fee Backdoor

Bitcoin Retail Holders Didn’t Mind The Crypto Winter, They Bought More

Russia Expands Its Crypto Mining Capacity, Report Reveals

Bitcoin And Ethereum Whales Move $743,000,000 In Crypto In Three Massive Transfers

Google invests $300M in AI firm previously funded by Sam Bankman-Fried

FBI seizes $100K in NFTs from scammer following ZachXBT investigation

$20K Bitcoin May Return, Says Analyst As US Unemployment Hits 54-Year Low

Only 4 People Controlled Tether Holdings As Of 2018: Report

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