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Cryptocurrency Users Lose Nearly $2 Billion to Scams, Rug Pulls and Hacks in 2023, Despite Improved
According to a report by security app De.Fi, cryptocurrency users lost nearly $2 billion to scams, rug pulls, and hacks in 2023, which is roughly half of the amount lost in the previous year. The reduction is largely attributed to improved security protocols, increased awareness within the community, and decreased activity in the market. However, the industry remains susceptible to security risks, as evidenced by the losses incurred by Ethereum, BNB Chain, zkSync Era, and Solana, among others. The most damaging attacks were access control exploits, followed by flash-loan attacks and exit scams.
#BTC!💰
#BTC!💰
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Peter Schiff expects Gary Gensler to tighten rules for cryptocurrencies
Economist, gold specialist and at the same time an ardent opponent of Bitcoin Peter Schiff has his own view of the regulation of cryptocurrencies and the future price of BTC after the US Securities and Exchange Commission (SEC) approved Bitcoin spot exchange-traded funds (ETFs).
Since Gary Gensler was backed into a corner with the approval of the Bitcoin ETF, I think he will soon introduce new onerous rules that will significantly increase the cost of transactions on the Bitcoin network, which will further undermine its "use case" and cause the price to plummet. Schiff is sure.
Gensler previously stated that most cryptocurrencies other than Bitcoin are securities. However, Schiff does not lose hope that the head of the US SEC “may even change his mind about Bitcoin”:
#SEC #etf #BTC!💰 #Ripple #BNB🔥
$BTC $ETH $BNB
Economist, gold specialist and at the same time an ardent opponent of Bitcoin Peter Schiff has his own view of the regulation of cryptocurrencies and the future price of BTC after the US Securities and Exchange Commission (SEC) approved Bitcoin spot exchange-traded funds (ETFs).
Since Gary Gensler was backed into a corner with the approval of the Bitcoin ETF, I think he will soon introduce new onerous rules that will significantly increase the cost of transactions on the Bitcoin network, which will further undermine its "use case" and cause the price to plummet. Schiff is sure.
Gensler previously stated that most cryptocurrencies other than Bitcoin are securities. However, Schiff does not lose hope that the head of the US SEC “may even change his mind about Bitcoin”:
#SEC #etf #BTC!💰 #Ripple #BNB🔥
$BTC $ETH $BNB
🚨Trade Building Call 🚨
What will you prefer?
1. Two more coins for Spot hold 20X-100X
2. Building a Future Long trade just Like i did with #INJ from $12 to $38
At the moment #BTC!💰 is accumulating and removing high leverages, which brought us opportunity to buy more for longterm or open some great positions for massive profits in Future.
Drop your suggestion and i will post coins and positions accordingly. #DYOR。
Stay tuned
#Launchpool
What will you prefer?
1. Two more coins for Spot hold 20X-100X
2. Building a Future Long trade just Like i did with #INJ from $12 to $38
At the moment #BTC!💰 is accumulating and removing high leverages, which brought us opportunity to buy more for longterm or open some great positions for massive profits in Future.
Drop your suggestion and i will post coins and positions accordingly. #DYOR。
Stay tuned
#Launchpool
⚡️#SEC @SECGov X (ex Twitter) account was compromised and false information was published.
💡#BitcoinETF💰💰💰 wasn't approved wrote in his X account Gary Gensler.
😅 In the meantime #BTC!💰 is back at $46K level...
💡#BitcoinETF💰💰💰 wasn't approved wrote in his X account Gary Gensler.
😅 In the meantime #BTC!💰 is back at $46K level...
🎁 #Bitcoin prices on Christmas 🔔
🎄 2021 - $50,822
🎄 2022 - $16,822
🎄 2023 - $43,160
$BTC #BTC!💰 #btcupdates #BTCUSDT.P
🎄 2021 - $50,822
🎄 2022 - $16,822
🎄 2023 - $43,160
$BTC #BTC!💰 #btcupdates #BTCUSDT.P
Router Protocol mainnet launches cross-chain solution "Nitro"
Router Protocol, built using Cosmos SDK and designed as an interoperability layer L1 chain, announced the launch of its latest cross-chain solution Nitro on the mainnet. It is reported that this solution is an intent-based cross-chain bridge built on the Router Chain, with extensive support for EVM, non-EVM, and zkEVM chains, as well as an additional security module (ASM) with community observation functionality and oracle security.
#BTC!💰
#BTC!💰
Today free signal
Sell btc -43300-43600-44000
Leverage 10x
Targets-43000-42600-42400-42000-41500
Stop-loss-44555
#Write2Earn #BTC!💰 $BTC
Sell btc -43300-43600-44000
Leverage 10x
Targets-43000-42600-42400-42000-41500
Stop-loss-44555
#Write2Earn #BTC!💰 $BTC
Introduction
Since its creation in 2009, Bitcoin has continued to grow and captured the attention of people around the globe. However, with its rise to prominence, several myths and misconceptions have emerged. In this article, we'll debunk the top 15 myths surrounding Bitcoin, shedding light on the reality behind each one.
Myth 1: Bitcoin Is Anonymous and Perfect for Criminals
Contrary to popular belief, Bitcoin transactions are pseudonymous but not entirely anonymous. Most Bitcoin wallet addresses don’t have a name attached to them, but all transactions are recorded on the blockchain, which works as a transparent, public ledger. This transparency makes it challenging for criminals to operate without leaving a trace. Law enforcement agencies actively use blockchain analytics to track illicit activities, resulting in numerous successful prosecutions.
Myth 2: Bitcoin Is a Ponzi Scheme
Bitcoin is often labeled as a Ponzi scheme, but this assertion is misleading. A Ponzi scheme involves using funds from new investors to pay existing ones, with the operator pocketing the bulk of the collected funds. Bitcoin, on the other hand, is a decentralized digital currency with genuine utility. While occasional fraudulent projects exist in every financial sector, applying the Ponzi label to the entire cryptocurrency industry is a mistake that oversimplifies a complex reality.
Myth 3: Bitcoin Is Bad for the Environment
The misconception that Bitcoin is inherently bad for the environment stems from its energy-intensive mining process. However, the comparison of Bitcoin's energy consumption to traditional financial systems or household appliances is often distorted. Blockchain networks consume less energy than most traditional financial systems, and the use of renewable energy sources for mining is on the rise.
#BTC!💰 #BTC #BTCDecision2023 #BTCMystery #MyThought
Since its creation in 2009, Bitcoin has continued to grow and captured the attention of people around the globe. However, with its rise to prominence, several myths and misconceptions have emerged. In this article, we'll debunk the top 15 myths surrounding Bitcoin, shedding light on the reality behind each one.
Myth 1: Bitcoin Is Anonymous and Perfect for Criminals
Contrary to popular belief, Bitcoin transactions are pseudonymous but not entirely anonymous. Most Bitcoin wallet addresses don’t have a name attached to them, but all transactions are recorded on the blockchain, which works as a transparent, public ledger. This transparency makes it challenging for criminals to operate without leaving a trace. Law enforcement agencies actively use blockchain analytics to track illicit activities, resulting in numerous successful prosecutions.
Myth 2: Bitcoin Is a Ponzi Scheme
Bitcoin is often labeled as a Ponzi scheme, but this assertion is misleading. A Ponzi scheme involves using funds from new investors to pay existing ones, with the operator pocketing the bulk of the collected funds. Bitcoin, on the other hand, is a decentralized digital currency with genuine utility. While occasional fraudulent projects exist in every financial sector, applying the Ponzi label to the entire cryptocurrency industry is a mistake that oversimplifies a complex reality.
Myth 3: Bitcoin Is Bad for the Environment
The misconception that Bitcoin is inherently bad for the environment stems from its energy-intensive mining process. However, the comparison of Bitcoin's energy consumption to traditional financial systems or household appliances is often distorted. Blockchain networks consume less energy than most traditional financial systems, and the use of renewable energy sources for mining is on the rise.
#BTC!💰 #BTC #BTCDecision2023 #BTCMystery #MyThought
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10%
10 votes • Voting closed
5 Brutal #Trading Truths No One Will Tell You!
1. Riches? Forget it. Embrace the grind.
Lambos and mansions are for clickbait, not reality. Trading's a long climb, not a rocket ride. Expect sweat, not instant wealth.
2. Emotions? Leave them at the door.#BTC!💰
Greed, fear, and FOMO = disaster. Master your mind; trade with logic, not gut feelings. Be a market chess player, not a gambler.
3. Losing is inevitable; wear your scars proudly.
Accept losses as lessons, not failures. They're stepping stones, not tombstones. Rise from the ashes, Trader Phoenix!#ETH
4. The lonely road can be the strongest.
Trading's solo, but that's your power. No boss, no drama, just you and the market. Build your support tribe and roar together.
5. You hold the reins, so grab them tight.
No magic formulas, just you and your choices. Own your wins, learn from losses, and be your trading CEO.
Remember, these truths are weapons. Use them to forge your trading path. The market's a beast, but you can tame it with knowledge, discipline, and a warrior's spirit.
Don't get me wrong; data and analysis are your compass. But in this chaotic jungle, a pinch of intuition can be your secret spice.
That gut feeling whispering "buy" against all logic? Maybe it's just indigestion, but maybe it's the market's subtle whisper in your ear. Learn to distinguish the heartburn from the holy grail.
Trading is a dance between logic and instinct—a tango with the unknown. Embrace the brutal truths, master the tools, and don't be afraid to add a sprinkle of your spice to the mix. Who knows? It might just be the secret ingredient that turns you from a market pawn into a financial kingpin.
Want more brutal truths and trading wisdom? Follow me, and don't miss a beat!#sol
1. Riches? Forget it. Embrace the grind.
Lambos and mansions are for clickbait, not reality. Trading's a long climb, not a rocket ride. Expect sweat, not instant wealth.
2. Emotions? Leave them at the door.#BTC!💰
Greed, fear, and FOMO = disaster. Master your mind; trade with logic, not gut feelings. Be a market chess player, not a gambler.
3. Losing is inevitable; wear your scars proudly.
Accept losses as lessons, not failures. They're stepping stones, not tombstones. Rise from the ashes, Trader Phoenix!#ETH
4. The lonely road can be the strongest.
Trading's solo, but that's your power. No boss, no drama, just you and the market. Build your support tribe and roar together.
5. You hold the reins, so grab them tight.
No magic formulas, just you and your choices. Own your wins, learn from losses, and be your trading CEO.
Remember, these truths are weapons. Use them to forge your trading path. The market's a beast, but you can tame it with knowledge, discipline, and a warrior's spirit.
Don't get me wrong; data and analysis are your compass. But in this chaotic jungle, a pinch of intuition can be your secret spice.
That gut feeling whispering "buy" against all logic? Maybe it's just indigestion, but maybe it's the market's subtle whisper in your ear. Learn to distinguish the heartburn from the holy grail.
Trading is a dance between logic and instinct—a tango with the unknown. Embrace the brutal truths, master the tools, and don't be afraid to add a sprinkle of your spice to the mix. Who knows? It might just be the secret ingredient that turns you from a market pawn into a financial kingpin.
Want more brutal truths and trading wisdom? Follow me, and don't miss a beat!#sol
🔰Follow me for more crypto signals🔰
#btcupdates #BTC!💰
$BTC In the morning, Bitcoin found support around 42,000-41,800, indicating a shift in trend expectations. The next potential support for Ether, post-2180 breakthrough, lies between 2150-2130. Personally, I initiated a successful short position at 2150, gaining 50 points.
Looking ahead to Wednesday:
1. Bitcoin's rebound centers around 43,000. If it breaks and stabilizes, bullish momentum could return.
2. If the attempt to breach 43,000 fails or lacks stabilization, it might become the week's second high, emphasizing retracements and shocks.
Given the critical 43,000 position, I advocate shorting around 43,000-43,200, with a stop above 43,400. The target is the former support range of 42,400-42,000; if broken, attention shifts to support near 41,700. It's essential to navigate short-term positions strategically, learning from trial and error while managing associated costs.
🟢Follow me for more updates, and
information
#swap_crypto
#btcupdates #BTC!💰
$BTC In the morning, Bitcoin found support around 42,000-41,800, indicating a shift in trend expectations. The next potential support for Ether, post-2180 breakthrough, lies between 2150-2130. Personally, I initiated a successful short position at 2150, gaining 50 points.
Looking ahead to Wednesday:
1. Bitcoin's rebound centers around 43,000. If it breaks and stabilizes, bullish momentum could return.
2. If the attempt to breach 43,000 fails or lacks stabilization, it might become the week's second high, emphasizing retracements and shocks.
Given the critical 43,000 position, I advocate shorting around 43,000-43,200, with a stop above 43,400. The target is the former support range of 42,400-42,000; if broken, attention shifts to support near 41,700. It's essential to navigate short-term positions strategically, learning from trial and error while managing associated costs.
🟢Follow me for more updates, and
information
#swap_crypto
✨$BTC is still at critical Resistance.
But if we break this level,
ATHs will come very fast.
#BTC #Bitcoin… #BTCUSDT.P #BTC!💰
But if we break this level,
ATHs will come very fast.
#BTC #Bitcoin… #BTCUSDT.P #BTC!💰
15 Years Ago: Satoshi Nakamoto's Controversial Masterstroke - Decreeing 21 Million Bitcoin
🚀 In a game-changing move precisely 15 years ago, the mysterious Satoshi Nakamoto dropped a bombshell that reverberates through the crypto cosmos to this day. Brace yourselves for the riveting tale of the 21 million Bitcoin supply cap - a move that left tongues wagging and crypto enthusiasts buzzing!
Unveiling the Satoshi Chronicles:
🔍 Step into the time capsule and relive the moment when Satoshi Nakamoto, the elusive creator of Bitcoin, unveiled a visionary limit on its supply. A move so audacious, it continues to shape the narrative of the entire cryptocurrency landscape.
1. 💫 The 21 Million Limit: A Masterstroke or Controversial Gamble?
Satoshi Nakamoto, shrouded in mystery, set the stage by declaring a fixed supply of 21 million Bitcoin. Was it a stroke of genius, a bold experiment, or a controversial gamble? Dive into the debates that still echo in crypto forums, questioning the implications of such a finite supply on a planet teeming with 8 billion souls.
2. 🌐 A Global Currency Puzzle: 21 Million BTC for 8 Billion People
The math doesn't add up conventionally. With 8 billion people on Earth, Satoshi's cap of 21 million Bitcoin seemed an economic conundrum. Was it a deliberate scarcity tactic or a visionary move to redefine global currency dynamics? The controversy surrounding this mathematical puzzle sparks debates even today.
3. 🤔 The Great Satoshi Enigma:
As we unravel the events of that fateful day, the questions multiply. Why did Satoshi choose 21 million? What's the hidden wisdom behind this number? Controversy looms large as the crypto community dissects the cryptic motives behind Nakamoto's enigmatic decision.
4. 🔮 A Limitless Legacy or Imminent Crypto Clash?
Fast forward to today, and the 21 million supply cap remains an unyielding pillar of Bitcoin's identity. Is it a limitless legacy that secures Bitcoin's future, or does it hint at an imminent clash between scarcity and global demand? The controversy lingers, and the crypto world awaits the unfolding chapters.
👉 Like, Share, and Follow @TokenMaestro for more Crypto Chronicles and Controversies! Your tips fuel our journey through the captivating realms of crypto history!
💰🌍 #Bitcoin #SatoshiLegacy #CryptoChronicles #BTC!💰 #BTCETFSPOT #BTC！
Unveiling the Satoshi Chronicles:
🔍 Step into the time capsule and relive the moment when Satoshi Nakamoto, the elusive creator of Bitcoin, unveiled a visionary limit on its supply. A move so audacious, it continues to shape the narrative of the entire cryptocurrency landscape.
1. 💫 The 21 Million Limit: A Masterstroke or Controversial Gamble?
Satoshi Nakamoto, shrouded in mystery, set the stage by declaring a fixed supply of 21 million Bitcoin. Was it a stroke of genius, a bold experiment, or a controversial gamble? Dive into the debates that still echo in crypto forums, questioning the implications of such a finite supply on a planet teeming with 8 billion souls.
2. 🌐 A Global Currency Puzzle: 21 Million BTC for 8 Billion People
The math doesn't add up conventionally. With 8 billion people on Earth, Satoshi's cap of 21 million Bitcoin seemed an economic conundrum. Was it a deliberate scarcity tactic or a visionary move to redefine global currency dynamics? The controversy surrounding this mathematical puzzle sparks debates even today.
3. 🤔 The Great Satoshi Enigma:
As we unravel the events of that fateful day, the questions multiply. Why did Satoshi choose 21 million? What's the hidden wisdom behind this number? Controversy looms large as the crypto community dissects the cryptic motives behind Nakamoto's enigmatic decision.
4. 🔮 A Limitless Legacy or Imminent Crypto Clash?
Fast forward to today, and the 21 million supply cap remains an unyielding pillar of Bitcoin's identity. Is it a limitless legacy that secures Bitcoin's future, or does it hint at an imminent clash between scarcity and global demand? The controversy lingers, and the crypto world awaits the unfolding chapters.
👉 Like, Share, and Follow @TokenMaestro for more Crypto Chronicles and Controversies! Your tips fuel our journey through the captivating realms of crypto history!
💰🌍 #Bitcoin #SatoshiLegacy #CryptoChronicles #BTC!💰 #BTCETFSPOT #BTC！
Binance User Base Grew 30% This Year, Expanding Even After U.S. Legal SettlemeBinance
#BTC!💰 #Cryptocurrrency #BinanceSquare
Crypto exchange Binance's user base grew 30% in 2023, CEO Richard Teng said Thursday, signaling strength as the world's largest cryptocurrency trading venue tries to look past November's settlement with U.S. regulators and the departure of founder Changpeng "CZ" Zhao.
In Binance's end-of-year report, Teng said "net inflows have been very robust, while new users continued coming in steadily" following Zhao's guilty plea, which also saw Binance agree to pay $4.3 billion for violating U.S. banking laws.
The expenditure was already a 35% increase from 2022, and the bill for next year will almost certainly be far larger: The exchange has agreed to pay for a U.S. government-approved compliance monitor for the next five years.
In 2023, Binance's regulatory liaison team processed nearly 60,000 requests from law-enforcement agencies globally and gave 120 training sessions.
"This organization is built to last – not years, but decades," Teng wrote.
Crypto Sleuths Find Link Between BALD Rug Pull and Sam...
Growth was not limited to Binance's exchange products. Binance Pay, Binance Earn and its peer-to-peer platform all saw increases. There's also strong interest from "institutional investors," according to Teng.
Overall, Binance added 40 million accounts to 170 million.
The company reported spending $213 million on compliance in 2023. It boosted its surveillance of wash trading on the exchange and NFT marketplaces, created an in-house case management system for transaction monitoring and subjected itself to a security audit, completed this month.
$ETH #sol $SOL $BTC
get more of this news in the next article ✅
#BTC!💰 #Cryptocurrrency #BinanceSquare
Crypto exchange Binance's user base grew 30% in 2023, CEO Richard Teng said Thursday, signaling strength as the world's largest cryptocurrency trading venue tries to look past November's settlement with U.S. regulators and the departure of founder Changpeng "CZ" Zhao.
In Binance's end-of-year report, Teng said "net inflows have been very robust, while new users continued coming in steadily" following Zhao's guilty plea, which also saw Binance agree to pay $4.3 billion for violating U.S. banking laws.
The expenditure was already a 35% increase from 2022, and the bill for next year will almost certainly be far larger: The exchange has agreed to pay for a U.S. government-approved compliance monitor for the next five years.
In 2023, Binance's regulatory liaison team processed nearly 60,000 requests from law-enforcement agencies globally and gave 120 training sessions.
"This organization is built to last – not years, but decades," Teng wrote.
Crypto Sleuths Find Link Between BALD Rug Pull and Sam...
Growth was not limited to Binance's exchange products. Binance Pay, Binance Earn and its peer-to-peer platform all saw increases. There's also strong interest from "institutional investors," according to Teng.
Overall, Binance added 40 million accounts to 170 million.
The company reported spending $213 million on compliance in 2023. It boosted its surveillance of wash trading on the exchange and NFT marketplaces, created an in-house case management system for transaction monitoring and subjected itself to a security audit, completed this month.
$ETH #sol $SOL $BTC
get more of this news in the next article ✅