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Bitcoin Industry

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☄️ Publishing news from the crypto industry faster than anyone else ☄️
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Last updated 2 days, 2 hours ago

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Last updated 1 month, 3 weeks ago

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Owner: @TonyStvrk

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Last updated 1 month, 3 weeks ago

1 month, 3 weeks ago
**VanEck Commits to Donating 5% of …

VanEck Commits to Donating 5% of BTC ETF Profits to Bitcoin Developers at Brink 📣

➡️ Asset manager VanEck, a potential provider of a Bitcoin exchange-traded fund (ETF), has revealed plans to donate a portion of the profits from the investment vehicle to Bitcoin core developers upon approval.
🔴 In a post on X (formerly Twitter) on January 5, VanEck announced a 5% pledge to Bitcoin core developers through the nonprofit organization Brink ahead of potential approval for its spot Bitcoin exchange-traded product application. The asset management firm also disclosed that it had already made a $10,000 donation to the developers, irrespective of the SEC’s decision on the investment vehicle.

*🔔 *The firm expressed appreciation for the developers’ dedication to decentralization and innovation, describing them as the cornerstone of the Bitcoin ecosystem.

* *VanEck applied for a spot Bitcoin ETF in the United States, with a decision from the U.S. Securities and Exchange Commission (SEC) expected in the coming days. The potential approval of spot Bitcoin ETFs is anticipated to bring a substantial influx of investment from traditional finance (TradFi) into the cryptocurrency space, reaching unprecedented levels.

*🟢 *While the existing crypto community generally welcomes this development, there may be some friction in certain quarters. To address this, providers like VanEck aim to demonstrate their commitment to the core Bitcoin industry by giving back to developers and supporting the ecosystem.

1 month, 4 weeks ago
**Orbit Bridge Hacker Suspected in Coinspaid …

Orbit Bridge Hacker Suspected in Coinspaid and Coinex Breaches 📣

➡️ Blockchain analysts from Match Systems have found that the Orbit Chain hackers used the same tactics as those in several other high-profile attacks – suggesting that a cybercrime organization, possibly the infamous Lazarus Group, stands behind these hacks.

🔔 This criminal group seems to have been busy last year. Cointelegraph cited a January 3, 2024, report by Match Systems, naming Coinspaid, Coinex, and Atomic Wallet among the group’s victims.

🟢 Per the report,

**💬* “The analysis gives reason to believe that the same criminal group may be involved in the hacking of the Orbit bridge, which in 2023 had previously committed several large hacks of the cryptocurrency services Atomic wallet, CoinsPaid, CoinEx, etc., using tools and patterns of the well-known Lazarus group.”***

🟢 As the new year approached, hackers exploited Orbit Bridge, the cross-chain bridging service of a South Korean-based multi-asset Orbit Chain, making off with $82 million.

2 months ago
**Orbit Suspends Cross-Chain Bridge Contract After …

Orbit Suspends Cross-Chain Bridge Contract After $82M Exploit ⚠️

🔔 Just hours before welcoming the new year, hackers exploited Orbit Bridge, the cross-chain bridging service of Orbit Chain, making off with a staggering $82 million.
*➡️ *The project soon suspended the cross-chain bridge contract and initiated on-chain negotiations with the attackers, as reported by Beosin Alert, an on-chain analytics platform.

*📣 *Concerns about a potential exploit were first raised by pseudonymous Twitter user Kgjr on December 31, who highlighted significant outflows from the Orbit Chain Bridge protocol.

➡️ Blockchain analytics platform Arkham Intelligence revealed that the hackers orchestrated five separate transactions, transferring $30 million in Tether (USDT), $10 million in USD Coin (USDC), Ethereum (ETH), 231 Wrapped Bitcoin (WBTC), and $10 million worth of the algorithmic stablecoin DAI to fresh wallets.

2 months ago
**Vitalik Buterin Blames Rising Transaction Fees …

Vitalik Buterin Blames Rising Transaction Fees for Web3’s Drift from Decentralization 📌

➡️ In a recent blog post titled “Make Ethereum Cypherpunk Again,” Ethereum co-founder Vitalik Buterin expressed concerns about the veering trajectory of Web3 from its original vision. Buterin contends that the foundational principles of Web3 have gradually receded as various projects within the cryptocurrency space shift focus away from the core idea of decentralization.

* *Buterin identifies a substantial ideological divide, where segments of the non-blockchain decentralization community view the crypto world as a distraction rather than a kindred spirit and potent ally. Initially coined by Ethereum co-founder Gavin Wood, the term Web3 was conceived not merely as ‘Bitcoin plus smart contracts’ but as part of a broader set of technologies forming the foundation of a more open internet stack.

However, Vitalik Buterin observes that the practical use of cryptocurrency for financial transactions in many countries often relies on centralized means, such as internal transfers on centralized exchange accounts or trading USDT on platforms like Tron. As degen gamblers become the primary users on a large scale, Buterin argues that this reshapes public perception and internal culture within the crypto space. He emphasizes that the rise in transaction fees has played a pivotal role in steering Web3 away from its decentralized ethos.

2 months ago

*🐝 *Ready To Fight is giving away 1,000,000 tokens!

🥊 Ready To Fight is a cutting-edge platform in the boxing world, co-founded by Oleksandr Usyk. Backed by the WBC, this project brings together the sport of boxing with the Web3 universe.

🆕 RTF is currently hosting a community contest — offering everyone a chance to win a share of 1,000,000 RTF tokens! To claim a prize, participants need to be active on social media and in the mobile app. No costs involved, just your energy and passion for boxing!

*💵*** The total prize fund is 1,000,000 RTF tokens.

🔜 Contest duration: from December 27, 2023, to February 27, 2024!

Tasks are already available on Zealy and will soon be accessible on the RTF App. They will be updated regularly, so seize the opportunity to complete as many tasks as possible during the contest period!

Don't miss this unique opportunity to become a part of the RTF revolution and win valuable rewards! ⭐️

2 months, 1 week ago
**MEXC Quells Fears Over Possible Issues …

MEXC Quells Fears Over Possible Issues After CEO Account Deactivation 🔴

➡️ Digital asset exchange, MEXC has addressed user fears over a deleted social media account believed to be its CEO, stating that the firm has no official connection with the account.

🗣 In a Dec 24 post on X (formerly Twitter), the exchange watered down community fears addressing all issues including the confusion behind the account ‘MEXC_CEO’ after it was deleted.

📣 According to the post, the account in question was used for promotional activities and maintaining brand image in the early stages of the company’s operation. However, it was revealed that the firm never officially verified the account and did not make an announcement to that effect because of the limited engagement on the “MEXC_CEO” account.

*➡️ *As a result, many users believed the account was linked to the company and its former CEO who resigned last year. The platform also restated that the user has no official contact with the firm and apologized for the issue.
*❕ “We sincerely apologize for any confusion caused by this incident. In the future, MEXC will handle such events more cautiously, and we have reflected on and made the following improvements”*

2 months, 1 week ago
**Multiple Crypto Influencers Struck By SIM …

Multiple Crypto Influencers Struck By SIM Swap Attacks 🗣

*➡️ *SIM swappers are beginning to target crypto influencers ahead of the holidays, with some taking control of their high-profile accounts on X.

📣 Some include the accounts of crypto investment firm Manifold Trading and its founding partner, Jae Chung. Unlike regular posts about platform products and market analysis, both accounts posted a series of malicious links to crypto drainers, which have already claimed some victims.

📌 Chung confirmed to CoinTelegraph that the hack was caused by a SIM swap, but that only his and the company’s X accounts were impacted. Anything “fund-related,” he said, remains safe.

*📌 *SIM stands for Subscriber Identity Module. Mobile phones come baked in with a SIM card that stores identifying information (aka your phone number).
‼️ Hence a SIM swap is when a hacker takes control of your phone number, usually by convincing a cell carrier to switch your number to a SIM in their possession. Naturally, this gives the hacker access to any accounts for which a victim uses that number for two-factor authentication.

*🕔 *Farokh – the pseudonymous founder of the decentralized media platform “Rug Radio” – also confirmed he’d been SIM swapped on Wednesday. Earlier this month, the firm formed a merger with crypto media outlet Decrypt.

2 months, 1 week ago
Wild Fortune Alert!

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2 months, 2 weeks ago
**BlackRock Spot Bitcoin ETF Gains Momentum …

BlackRock Spot Bitcoin ETF Gains Momentum With Second SEC Meeting in December 📣

*🟢 *BlackRock, the world’s largest asset manager, is continuing to push forward with plans to launch a spot Bitcoin exchange-traded fund (ETF). In a positive sign for the potential approval of a spot Bitcoin ETF, BlackRock met with the United States Securities and Exchange Commission (SEC) for the second time this month to discuss BlackRock’s proposed Bitcoin ETF.

➡️ According to an SEC memo, the December 19 meeting included BlackRock’s Head of Digital Assets Robert Mitchnick and members of the asset manager’s ETF team. Nasdaq representatives were also present, including the exchange’s VP and Chief Regulatory Officer Joseph Cusick.

➡️ The discussion centered around Nasdaq’s proposed rule change to list and trade shares of the BlackRock iShares Bitcoin Trust. This would allow the trading of the spot Bitcoin ETF on the Nasdaq exchange, utilizing existing guidelines under Nasdaq Rule 5711(d).

4 months, 1 week ago
**Blockchain for a Better Planet** ***📌***

Blockchain for a Better Planet 📌

🟥 As the crypto industry pushes the limits of blockchain, the constant pursuit of innovation and sustainability takes center stage, with various consensus mechanisms vying for the spotlight, among them, Proof of Authority (PoA), employed by Vechain, emerges as a growing alternative, challenging Ethereum’s widely acclaimed Proof of Stake (PoS) model.*➡️ *I had the privilege of delving into these intricacies with Sunny Lu, the visionary CEO of Vechain, to unravel the potential and efficiency of PoA, and to explore how Vechain is redefining the standards of sustainable blockchain technology.* *Ethereum’s transition to PoS has been amongst the most anticipated shifts in the crypto industry over the past two years, lauded for its promise of sustainability and energy efficiency. Yet, when pitted against Vechain’s PoA, it’s evident that there’s more to the story.*💬 “One of the reasons for this is a lack of overall knowledge about the nuances of blockchain technologies and their underpinning architectures, but I expect to see understanding grow in the coming years as both education and adoption speed up,”*explained Sunny.

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@notcoin_bot
@notcoin_fam

Last updated 2 days, 2 hours ago

This channel gives the best growth to NFT & Crypto projects. Turn on notifications to be the first to see the announcement🚀

Owner: @Legend


Official Partners @monsterra_official, @BabyBNBTigerEN, @bcgameofficial, @BitMartExchange zifi

Last updated 1 month, 3 weeks ago

GemHunter gives the best growth to NFT & Crypto projects. Turn on notifications to be the first to see the announcement🚀

⚠️‼️NEVER MAKE PAYMENT BEFORE CONTACTING US!l‼️⚠️

Owner: @TonyStvrk

Partners: @BitcoinV2bsc

Last updated 1 month, 3 weeks ago