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Safety Reading time: ~2 m IT security specialists got access to the report around the Bitfinex hack in 2016 and found out the main cause of the incident The Bitfinex cryptocurrency exchange hack in 2016 was the result of inadequate security measures. This conclusion was made by the experts of the Center for the Study of Corruption and Organized Crime (OCCPR), citing a confidential copy of the Ledger Labs report. It was the Canadian consulting firm Ledger Labs that was investigating the incident around the crypto exchange. The results of the investigation have never been publicly advertised. After reviewing the…
Ethereum Reading time: ~2 m Over the previous day, the main altcoin added about 2% in price, breaking the $1900 mark for the first time in a long time. The cryptocurrency market has received some relief as the public debt ceiling saga draws to a close. Popular cryptanalyst Ali Martinez suggested that in the near future, Ether will reach $2,000 without any problems. The expert noted: “Ethereum has created a key range between $1786 and $1839. In this consolidation, about 3.5 million users purchased coins worth more than $8.8 million. However, the asset may face significant resistance at $2,100. Previously,…
NFT Reading time: ~2 m The marketplace of non-fungible Tabi tokens, created in the BNB Chain ecosystem, raised $10 million, Cointelegraph reports. Investors include venture capital firms Animoca Brands, Binance Labs, Draper Dragon, Hashkey Capital, Infinity Crypto Ventures, and Youbi Capital, as well as a number of angels represented by Dragonfly Capital’s Bo Feng, Saudi Arabia’s Riyad AD, and Mask Network’s Suji Yang. According to the developers, the proceeds will be used to develop the Tabi ecosystem and create a new network identification protocol. In addition to the usual NFT functions, the marketplace has an “experience points” system that converts…
Ethereum Reading time: ~2 m On August 5, 2021, an important event took place in the history of Ethereum related to the implementation of the Ethereum Improvement Proposal (EIP) 1559 as part of the London update. Since then, 660 days have passed, and in the first three months alone, more than 700,000 ethers were burned, which paved the way for more serious achievements. At the end of May 2023, EIP-1559 contributed to the burn of 3.33 million ether (ETH) worth $6.1 billion at the current exchange rate. After the update, the main driver of this burn is the day-to-day transfers…
Other Reading time: ~2 m Cryptocurrency exchange Binance and Austral Campus Pilar University in Argentina have partnered to launch the first blockchain education program in the country. It is reported by Forbes Argentina. The five-month training will introduce students and teachers to blockchain, decentralization, the Web3 segment, metaverses, and digital asset trading. “We recognize the importance and potential of coordinated work between industry and education to connect our graduates to the business world and provide innovative solutions to today’s problems,” said Luis Dambra, Dean of the University’s Faculty of Business Sciences. Binance South America Representative Maximiliano Hinz noted that the…
NFT Reading time: ~2 m The number of Reddit users who have purchased NFT avatars is approaching an impressive 10 million mark According to Dune, there are now 9,909,465 million owners of Reddit collectible avatars. About 7.7 million of them are identified as having one avatar or only one wallet. The number of NFT avatar holders has increased dramatically since the launch of the collection in July 2022, reaching 3 million in October. However, the most rapid growth occurred in 2023, when the number of avatar wallets tripled in five months. In total, since the beginning of the year, the…
Blockchain Anna Martynova bt-crow.com 49 m Reading time: ~2 m The Fantom blockchain will reward projects that use its network and promote high usage of gas fees to drive increased demand for block space, the developers announced on Twitter on Sunday. Eligible apps will be rewarded with 15% of the gas fees they generate, providing developers with a small additional income. The move is part of the dApp Gas Monetization Program, which was voted on by the community earlier this year. The proposal was intended to reduce Fantom’s current burn rate in order to redirect more network fees directly to…
Altcoins Reading time: ~2 m In recent days, the flagship of the crypto market has somewhat strengthened its position, despite the fact that the situation in the macroeconomic field remains difficult. The issue of the US government debt limit has not yet been resolved, but there are positive developments in this regard. During a recent speech, President Joe Biden noted that in the near future officials will reach certain agreements on the topic of public debt. Be that as it may, any user can get promising tokens thanks to airdrops. Akira Network Houdini Finance Fun Fund DAO Akira Network This…
Altcoins Reading time: ~2 m At the end of February 2022, a TikTok user with the nickname “money_talk_tok” posted a video about how he mortgaged his house. The money he received, namely $500,000, he invested in XRP. Since then, his investment has “sunk” by 30%. The blogger explained his investment by the situation on the market. At that time, he was in a zone of “extreme fear.” At the same time, the XRP rate allegedly reached the “bottom” and the user saw certain prerequisites for a subsequent recovery. At that time, XRP was trading at $0.69. In March, the rate…
Mining Reading time: ~2 m In a one-room apartment, the kitchen and the equipment installed in it for cryptocurrency mining burned down In the city of Gatchina, Leningrad Region, a mining farm caused a fire in an apartment building. The squad of the Ministry of Emergency Situations that arrived at the scene evacuated 15 residents from the entrance, writes the local news portal 78.ru. The fire occurred in a one-room apartment of an 8-storey building on the street. Roshchinskaya. The kitchen and all the equipment installed in it burned down. The fire was reported at 7:25. The fire was extinguished…