Crypto Focus 💰

19 Jul 2024 18:37

WazirX Hacker Converts Majority of Stolen $234M Assets into Ether

One of India’s largest crypto exchanges WazirX suffered a security breach that drained $234 million of users funds yesterday. The incident, which targeted the exchange’s multisig wallet on the Ethereum network, saw the theft of over 200 different crypto assets, including Shiba Inu, Ethereum, Polygon, and PEPE memecoin.

Blockchain analytics firm Lookonchain revealed on Thursday night via X that the hacker responsible for this massive heist has converted the majority of the stolen assets into ether (ETH).

According to Lookonchain, the exploiter exchanged the funds for 43,800 ETH, valued at approximately $149.46 million. The hacker’s wallet currently holds around 59,097 ETH, with an estimated value of $201.5 million at the time of writing.

The exact method of the hack remains under investigation, but initial reports from blockchain analytics firm Elliptic suggest the involvement of hackers linked to North Korea.

Elliptic’s report highlights that on-chain data points to techniques commonly used by North Korean hackers, who have a history of targeting cryptocurrency exchanges to fund the regime. This breach adds to a series of high-profile hacks in the cryptocurrency sector, raising concerns about the security of digital asset exchanges.

⏺Crypto_Whales🚀

Crypto Focus 💰

11 Jul 2024 11:04

💡💡💡: The top 5 memecoins have all dropped by double digits in the past 24 hours.

Are you still bullish on your memecoin portfolio?

🐳 - Here’s hoping
⚡️ - Already sold everything
🌚 - Never bought any memecoins

⏺Crypto_Whales🚀

Crypto Focus 💰

29 Jun 2024 21:40

💡SEC returned Form S-1 Ethereum ETF issuers to Ethereum ETF issuers for finalization

The Securities and Exchange Commission (SEC) has returned Forms S-1 to issuers in the latest round of negotiations.

According to The Block's source, the forms were returned with few comments. Issuers were asked to resubmit the documents by July 8.

⏺Crypto_whales🚀

Crypto Focus 💰

24 Jun 2024 08:58

🪙 The following applicants filed an updated version of their S-1 spot Ethereum ETF application:

• Bitwise
• Fidelity
• VanEck
• Franklin
• 21Shares
• Grayscale
• BlackRock

⏺Crypto_Whales🚀

Crypto Focus 💰

15 Jun 2024 22:02

❌Two major crypto hacks in one day - $40 million in losses.

First, hackers breached the DeFi protocol of UwU Lend for $20 million. Attackers withdrew WBTC and DAI and then converted them to ETH.

Now UK cryptocurrency exchange Lykke has been hacked for $22 million.

⏺Crypto_Whales🚀

Crypto Focus 💰

09 Jun 2024 21:21

🖤 BlackRock already has more than 300 thousand BTC worth $21 billion on its balance sheet.

BlackRock ETF (IBIT) is the absolute record holder among all ETFs. The closest competitor is the JPMorgan Equity Premium Income ETF, which has accumulated $20 billion in 985 days (7 times longer than BlackRock).

⏺Crypto_Whales🚀

Crypto Focus 💰

03 Jun 2024 05:35

Experts have restored access to a cryptocurrency wallet with $3 million worth of bitcoins

Experts helped an investor recover the password to a cryptocurrency wallet that held 43.6 BTC.

The man created a cryptocurrency wallet in 2013 and generated a 20-digit password using the RoboForm app. He stored the password encrypted, but when the file became corrupted, he lost access to the assets.

Nearly 10 years after the incident, the investor sought help from hacker Joe Grand, who discovered a vulnerability in RoboForm and matched the password to the cryptocurrency wallet, restoring access to $3 million.

⏺Crypto_Whales🚀

Crypto Focus 💰

30 May 2024 08:23

Crypto Speak: Mining for compliments

This isn’t a technical term, but “mining for compliments” is when someone actively demonstrates their successes or achievements in cryptocurrencies, hoping for positive reactions and praise from others. In other words, it’s crypto’s version of fishing for compliments.

This can be anything from a successful trade to successfully launching your own blockchain project.

There is nothing wrong with this, but we should keep in mind that modesty is a better look on crypto enthusiasts 😅

⏺Crypto_Whales🚀

Crypto Focus 💰

27 May 2024 15:34

Crypto speak: Down bad

Someone who says they’re “down bad” means they’ve lost a significant amount because of market volatility.

However, being down bad is not as bad as getting rekt.

⏺Crypto_Whales🚀

Crypto Focus 💰

24 May 2024 22:38

Crypto Speak: This is Gentlemen

A cult expression synonymous with good luck and success in the crypto world😎

It’s usually used to describe good news.

In 2014, a BitcoinTalk user, in anticipation of Bitcoin’s meteoric rise (which subsequently happened), wanted to write “This is it, gentlemen,” but left out the word “it.”

The phrase became a meme and is now used to refer to an important or significant event in the world of cryptocurrencies that could trigger a rise in value.

For example:

A Bitcoin ETF has finally been approved! This is gentlemen!

⏺Crypto_Whales🚀

Crypto Focus 💰

22 May 2024 12:55

💳 Mastercard and Kima Take One Step Closer to a ‘DeFi Credit Card’.

Kima and FinSec are collaborating to create a seamless connection between decentralized finance (DeFi) applications and traditional financial systems, such as bank accounts and credit cards.

And also Mastercard announced Wednesday that five startups from around the world will join its Start Path Blockchain and Digital Asset program:
🔴France-based Kulipa
🟠UK-based Parfin
🟡Singapore-based Peaq
🟢U.S.-based Triangle
🔵Belgium-based Venly.

Crypto is taking over the world) 🍸

⏺Crypto_Whales🌐

Crypto Focus 💰

19 May 2024 11:50

🪙 Coinbase expects 30% to 40% chance of spot ETH ETF approval by month-end

Crypto exchange Coinbase believes the odds of the SEC approving spot Ethereum ETFs by the end of the month stand between 30% to 40%. In a May 15 report, Coinbase Institutional Research Analyst David Han asserted that the main factor that led the SEC to approve spot Bitcoin ETFs — the correlation between CME futures product and spot exchange rates — could also lead it to approve spot Ethereum

⏺Crypto_Whales🚀

Crypto Focus 💰

17 May 2024 12:21

🔍 There are 1,700 addresses holding more than 1,000 BTC, and 2,200 addresses with balances between 500 and 1,000 BTC

More than 32 million addresses (i.e. more than 90% of all entities in the network) hold less than 1 BTC

The full distribution of all bitcoins is in the chart below

⏺Crypto_Whales🚀

Crypto Focus 💰

15 May 2024 12:16

Bitcoin’s mining difficulty has once again reached an all-time high.

As a result of another recalculation, the complexity of mining Bitcoin, known as “difficulty,” has increased by 5.48%. The indicator updated the maximum to 57.12 T.

Still confusing?

Then let’s break down what Bitcoin mining difficulty is.

It’s quite simple: Bitcoin’s code is organized in such a way that increases the difficulty when more new miners join the network.

The higher the complexity, the more computing power miners need to solve the blocks.

Because miners must invest in more powerful hardware, which uses more energy and results in higher electricity bills, the constant rise in mining difficulty eventually makes mining less profitable.

⏺Crypto_Whales🚀

Crypto Focus 💰

10 May 2024 11:32

💎Notcoin Token finally getting listed on May 16!

Notcoin the highly anticipated Telegram-based TON network token, is finally set to launch its $NOT token on May 16 after a few delays.

The token minted on The Open Network (TON), will be listed on Bybit and OKX and will also be available in Tonkeeper, with OKX planning a 'jumpstart' campaign where users who stake Toncoin (TON) will receive a share of Notcoin tokens.

Additionally, Binance has announced NOT as its 54th project on Binance Launchpool. Users can stake BNB and FDUSD into separate pools from May 13 to May 15 to farm NOT tokens before trading opens on May 16 with various pairs.

"Probably nothing" might soon become something.

⏺Crypto_Whales🚀

Crypto Focus 💰

15 Jul 2024 12:35

What is Cryptojacking and how to avoid it?

Cryptojacking is a malicious activity whereby a hacker secretly uses your computer for mining🙂

It can happen while browsing the internet, watching a movie, or just leaving your device idle.

The worst thing is that these scammers sneakily do this in the background, Unlike other types of malware, cryptojacking scripts do not damage computers or victims' data. However, they do silently steal computer processing resources. For individual users, slower computer performance might simply be an annoyance.

Of course, cryptojacking is possible if you download malware from unverified sites.

⏺Crypto_Whales🚀

Crypto Focus 💰

03 Jul 2024 20:14

Adversarial Relationship Between Fiat Money and Crypto

Fiat money, created and controlled by governments, stands in stark contrast to cryptocurrency. While crypto operates in a decentralized and transparent manner, fiat money relies on central authorities and holds no intrinsic value. Historically, central manipulation of currency has often led to devaluation and collapse.The abandonment of the gold standard in 1971 marked the beginning of the fiat money era.

Cryptocurrency, particularly Bitcoin, emerged as a solution to the limitations and risks of fiat money. Decentralized and fixed in supply, crypto challenges the notion that money must be controlled by governments. This adversarial relationship urges us to rethink our understanding of money and its value. As we explore the future of money, crypto presents an alternative that emphasizes decentralization, transparency, and community governance.

Imagine a world where transactions are secure, censorship-resistant, and free from intermediaries. This is the promise of crypto, making fiat money its natural adversary. Understanding the fundamental differences between fiat and crypto is essential as we navigate this financial evolution. Will crypto be the next iteration of money? Only time will tell, but the conversation is just beginning.

⏺Crypto_Whales🚀

Crypto Focus 💰

26 Jun 2024 13:18

📊 According to Kaiko, not all cryptocurrency exchanges have benefited from the launch of spot bitcoin ETFs

Only Bybit has made noticeable progress, growing its market share from 8% to 16%

⏺Crypto_Whales🚀

Crypto Focus 💰

19 Jun 2024 14:43

Bitcoin is circulating as slowly as it did 13 years ago.

Despite Satoshi's concept of “P2P e-money”, Bitcoin is mostly used as “digital gold” and institutions hold it without frequent transactions.

Someday its velocity will peak when BTC is widely used for payments.

What do you think bitcoin is better suited for?

🐳 - It's digital gold, certainly savings

👍- A new payment system

🔥- Will be used both as a means of saving and as a means of payment

⏺Crypto_Whales🚀

Crypto Focus 💰

11 Jun 2024 12:50

The average profit of crypto investors in 2023 was $800.

CoinLedger analysts compared about 500,000 market participants from the United States, Australia, Canada, and other countries. They found that, on average, cryptocurrency investors made $888 per person in 2023, which is amazing since investors lost $7,102 in 2022, taking into account the collapse of FTX, of course. If FTX hadn’t, the losses would have been lower.

The report reveals that the most unpopular cryptocurrency was Ether (ETH). Crypto investors got rid of it most often. Solana (SOL), Bitcoin (BTC), BNB, and Polygon (MATIC) were also in the top five.

And Bitcoin is the least frequently sold.

Also, analysts named Coinbase the most popular CEX by number of transactions in 2023, but in reality, this is probably not true because most of the respondents live in the United States, where Coinbase is the leader.

⏺Crypto_Whales🚀

Crypto Focus 💰

06 Jun 2024 09:24

🔥 Blackrock seeded their #Bitcoin🥇  ETF with $100k before launch.

🔥🔥 Blackrock seeding their #ETH🔵 ETF with $10m before launch.

⏺Crypto_Whales🚀

Crypto Focus 💰

31 May 2024 19:44

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Crypto Focus 💰

28 May 2024 16:44

💎notcoin to the moon✈️💸💸

⏺Crypto_Whales🚀

Crypto Focus 💰

25 May 2024 22:23

🌱What is Yield Farming?

Yield farming, also known as liquidity mining, is a lucrative practice in the cryptocurrency space where users provide liquidity to decentralized finance (DeFi) protocols in exchange for rewards. By locking up their crypto assets in a smart contract, users facilitate trading on decentralized exchanges or lending platforms, earning additional tokens or a percentage of transaction fees.

Example: One provides liquidity to a DeFi protocol by locking up their Ethereum, earning 5% annual interest in the form of additional tokens. This passive income stream allows them to grow their crypto wealth without actively trading.

Yield farming offers a unique opportunity to earn passive income and contribute to the DeFi ecosystem. However, it's crucial to carefully assess the risks and rewards associated with each protocol to ensure a successful harvest.

⏺Crypto_Whales🚀

Crypto Focus 💰

23 May 2024 17:03

Today is the final deadline of VanEck ETH ETF application approval! Tomorrow is also a deadline day for another application, so these two days may bring huge volatility to market, especially to #ETH!

Be careful with leverage today!

⏺Crypto_Whales🚀

Crypto Focus 💰

20 May 2024 15:09

$FET

Tasty little triangle shaping up over the last 5 weeks or so

Worth setting some alerts on that ~$2.43 level

Break of pennant resistance and reclaiming the horizontal level would be boolish

Keep in mind token merge could be this Friday

⏺Crypto_Whales🚀

Crypto Focus 💰

18 May 2024 14:46

🇨🇳В China has stopped the activities of an underground bank with a turnover of $1.9 billion in USDT - the bank provided financial services to smugglers and those wishing to move assets abroad.

⏺Crypto_Whales🚀

Crypto Focus 💰

16 May 2024 15:11

🔥 The Notcoin token ($NOT), issued on the TON blockchain, has been listed on Binance and several other major cryptocurrency exchanges.

🚀 Currently, $NOT is trading around $0.01. The maximum price of $NOT in the first few seconds was $0.037.

⏺Crypto_Whales🚀

Crypto Focus 💰

11 May 2024 16:54

📊 Liquidity is returning to the market!

Money supply M2 is slowly climbing out of the abyss it fell into in 2023 into positive territory

M2 is a monetary aggregate that includes cash in circulation and non-cash money. Simply put, the amount of money in the economy (how much available money businesses and consumers have and, therefore, how much they can spend)

⏺Crypto_Whales🚀

Crypto Focus 💰

09 May 2024 02:03

Equity options volume in 🇮🇳 India has nearly hit $40 billion, absolutely destroying the United States and the rest of the world

⏺Crypto_Whales🚀