Author: CryptoHoppers

As cryptocurrency becomes a significant part of American investment portfolios, its influence extends beyond digital transactions into tangible impacts on real estate markets and household spending, a recent study finds. Report Shows Cryptocurrency Wealth Adds ‘Meaningful Implications for the Real Economy’ The study, first reported on by Bloomberg, analyzes bank and credit card data from […] Source link

Turbos Finance has announced two liquidity strategies that will soon become available to users of the Sui blockchain.  The organization aims to use these fresh approaches to change the provision of liquidity and handling of assets for a wide range of consumers, including individual investors and expert strategy professionals.  What are the strategies and how do they work? One of the strategies to be implemented is the automated liquidity management vault that is created purposely for Concentrated Liquidity Market Maker (CLMM) positions on Turbos’ decentralized exchange.  This innovative technology is expected to allow regular investors to act as managers for their…

A ransomware group claims to have targeted Bitfinex, but top brass at the cryptocurrency exchange deny that a cyberattack occurred. The notorious group known as F Society is raising concerns across the cryptocurrency community after it claimed to have successfully breached Bitfinex and gained access to a staggering 2.5 terabytes of information, including the personal details of approximately 400,000 Bitfinex users. See below. 🚨#BREAKING 🚨FSOCIETY hacking group claims four attacks: Bitfinex and Rutgers University among the victims.The ransomware group FSOCIETY has returned with a new data leak site and claims 4 attacks:– Bitfinex: “We have successfully breached your security measures…

Reinventing Moonbirds: A New Vision Takes Flight Moonbirds, a prominent player in the NFT space, is embarking on an exciting transformation that promises to redefine the boundaries of digital art and virtual interaction. This transformation is led by Colin Hesterly, an award-winning artist and director known for his work on Mythics. Hesterly’s appointment as the creative director signals a shift towards a more structured and commercially viable art direction for Moonbirds, moving away from its initial Creative Commons Zero (CC0) approach. From Open Source to Ownership: The Shift in Moonbirds’ IP Strategy Originally, Moonbirds followed a CC0 policy, allowing anyone…

Share this article Bitfinex has been thrust into the spotlight recently after a ransomware group, named “FSOCIETY,” claimed to have gained access to 2.5TB of the exchange’s data and the personal details of 400,000 users. In response to the allegations, Bitfinex CTO Paolo Ardoino clarified that the claims of a database hack appear to be “fake” and assured user funds remain secure.Ardoino found out there were data discrepancies and user data mismatches in the hacker’s posts.The hackers posted sample data containing 22,500 records of emails and passwords. However, according to Paolo, Bitfinex does not store plain-text passwords or two-factor authentication…

The U.S. National Institute of Standards and Technology (NIST) became proactive in resolving the challenges associated with artificial intelligence (AI) by issuing four draft publications designed to ensure the safety, security, and reliability of AI systems. During this period, which ends on 2nd June 2024, the drafts are open to public comments. This reflects NIST’s response to the October 2023 AI Executive Order that emphasizes mitigation of the effects of AI technologies while promoting responsible innovation and the maintenance of the US technological leadership. Alleviating generative AI risks A main area of concern in NIST’s publications in drafts is security…

For crypto traders, impulsive trading and greed pose significant risks. Impulsive trading refers to making quick decisions without careful consideration, often driven by emotions rather than analysis. Greed, on the other hand, involves an insatiable desire for more profits, leading to reckless actions. Ignoring these dangers can lead to failure. By understanding the detrimental effects of impulsiveness and greed, cryptocurrency traders can adopt disciplined approaches and risk management techniques to navigate the volatile crypto market successfully. In this article, we delve into these challenges and offer strategies to conquer them. Join us as we explore the topic in depth.1. Impulsive…

Introduction to the Historical Milestone CyberKongz, a pivotal player in the NFT space, recently took to Twitter to detail their latest endeavor, a project they’ve dubbed “DECENTRALIZED.” This initiative marks a significant stride towards autonomy in the digital asset realm, one that veers away from traditional venture capital and exchange funds. Emphasizing Independence and Strategic Execution The crux of the DECENTRALIZED project lies in its self-reliant approach. By steering clear of external funding sources like venture capitalists and exchange funds, CyberKongz aimed to retain complete control over the development and execution of their project. This approach was pivotal to maintaining…

Scott Melker, also known as the “Wolf of All Streets,” has cautioned that the same attacks on cryptocurrencies by the U.S. government “would eventually come for bitcoin, regardless of it being a commodity.” His warning followed recent regulatory actions by various government agencies, including the Department of Justice (DOJ), the Federal Bureau of Investigation (FBI), […] Source link

Bitcoin has dropped below the $60,000 price range. More long positions have been liquidated in the last 48 hours. The recent downturn in Bitcoin’s [BTC] price has left traders in long positions vulnerable. With BTC’s price declining further and crossing critical thresholds, many holders are liquidating their positions. Bitcoin sees over $100 million in liquidations According to data from Crypto Rank, the cryptocurrency market experienced liquidations totaling over $464 million on the 1st of May, and Bitcoin accounted for over $136 million of this outflow. AMBCrypto’s analysis of the Bitcoin liquidation chart on Coinglass indicated that long positions bore the…