Author: Digicoinvision
Update Sept.1, 11:30 pm UTC: This article has been updated to include information from Halborn’s chief information security officer.Last month, crypto user and NFT artist Princess Hypio told her followers she lost $170,000 in crypto and non-fungible tokens after a scammer convinced her to play a game with them on Steam. While she was “mindlessly” playing with the scammer, they were secretly stealing her funds and hacking her Discord. The same tactic was used on three of her other friends, she wrote in a post on Aug. 21 on X. Source: Princess HypioIt turns out, the tactic has been around for a…
Decentralized exchanges (DEX) processed a combined $1.15 trillion in spot and perpetual contract volumes during August, marking the first time monthly DEX activity surpassed the $1 trillion threshold.According to DefiLlama data, spot DEX volumes reached $506.3 billion in August, falling just $1.5 billion short of the all-time high of $507.8 billion recorded in January.The August figure represents an 18.4% increase from July’s trading activity, demonstrating sustained growth in on-chain spot trading.Perpetual contract volumes drove the record-breaking performance, reaching $648.6 billion in August, a 31.3% jump from July and an absolute all-time high for the derivative product category.The perpetuals surge accounted…
The SPX6900 community has been unusually quiet since August, despite making an ATH in late July and several bullish developments unfolding in the meme coin market since. But smart money investors believe they know why: A new replacement called TOKEN6900 ($T6900) is launching in two days, and it’s generating massive hype. The project has raised $3.2 million during its presale, a far cry from SPX6900’s $1 billion valuation, and this signifies a crucial advantage: underdog status. Unlike SPX6900, TOKEN6900 has everything to gain and little to lose. Investors recognize this asymmetric potential, so they’re rushing to buy in the presale,…
Bitcoin long-term holders have seen their spending accelerate recently, with the largest daily spike of the year taking place on Friday. 1 To 2 Years Old Bitcoin Investors Made Up For The Biggest Part Of The Spike In a new post on X, on-chain analytics firm Glassnode has discussed how the activity of the Bitcoin long-term holders (LTHs) has been looking recently. The LTHs refer to the BTC investors who have been holding onto their coins for more than 155 days. Statistically, the longer an investor holds onto their coins, the less likely they are to sell them in the future. As such,…
Welcome to Latam Insights, a compilation of the most relevant crypto news from Latin America over the past week. In this week’s edition, stablecoin adoption grows in Venezuela as devaluation hits, El Salvador moves bitcoin from its strategic reserve, and Brazil denounces ongoing dollar weaponization. Stablecoin Usage Ramps up in Venezuela Amid Rampant Devaluation Stablecoins […]
Ethereum is often described as a platform for self-enforcing smart contracts. While this is certainly true, this article argues that, especially when more complex systems are involved, it is rather a court with smart lawyers and a judge that is not so smart, or more formally, a judge with restricted computational resources. We will see later how this view can be leveraged to write very efficient smart contract systems, to the extent that cross-chain token transfers or computations like checking proof of work can be implemented at almost no cost. The Court Analogy First of all, you probably know that…
Key points:Bitcoin bulls will have to quickly push the price back above the 20-day EMA to prevent a collapse to $105,000. The shallow pullback in select altcoins suggests that the investors are not hurrying to sell them as they anticipate the up move to continue. Bitcoin (BTC) is trying to rise above $110,000, but the bears are defending the level. Crypto market sentiment platform Santiment said in a report that “buy the dip” mentions have increased on social media, signaling further downside. Santiment said that a true bottom would form when there is “widespread fear and a lack of interest in buying.”Another…
Japan Post Bank plans to adopt a tokenized asset network in fiscal 2026 that will let depositors convert savings into a digital token for faster securities transactions, according to a recent report by Nikkei, Japan’s largest financial newspaper. Japan Post Bank Outlines FY2026 Plan for Digital Currency–enabled Securities, Nikkei Reports The bank will link savings […]
Last month, crypto user and NFT artist Princess Hypio told her followers she lost $170,000 in crypto and non-fungible tokens after a scammer convinced her to play a game with them on Steam. While she was “mindlessly” playing with the scammer, they were secretly stealing her funds and hacking her Discord. The same tactic was used on three of her other friends, she wrote in a post on Aug. 21 on X. Source: Princess HypioIt turns out, the tactic has been around for a while and is known by some as the “try my game” scam, which users have been reporting for…
Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo’s journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration and commitment to staying up-to-date with the latest developments have…