Crypto-Sec is a site that publishes stories and tips about cryptocurrency and cybersecurity every two weeks. Fishing of the Week: Turbo Toad Enthusiast Loses $3,600 Tech on Ivan, a memecoin collector and X user, fell victim to a phishing attack and lost over 1 million TURBO, worth over $3,600 at the time, according to a post he made on July 11. “I’m devastated,” Ivan said. He subsequently lost his token after receiving a phishing email with a link he clicked on. Ivan did not explain what happened after he clicked on the link, but he was likely sent to a…
Author: Crypto Flexs
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Cryptocurrency analytics firm Santiment said the digital asset market immediately adapted to the assassination attempt on former President and 2024 presidential candidate Donald Trump. At a rally in Pennsylvania on Friday afternoon, President Trump was shot in what appeared to be an attempted murder attempt, but he barely survived with only minor injuries. According to Sentiment, the cryptocurrency markets reacted immediately to the assassination attempt, with the biggest Trump-inspired meme coins, Bitcoin (BTC) and MAGA (TRUMP), rallying. “The assassination attempt on Donald Trump occurred just hours ago, and the cryptocurrency markets reacted immediately. BTC bounced to $60,300, its highest level…
Over the past few years, blockchain has undergone a dramatic transformation from a simple ledger for digital currency transactions to a sophisticated platform supporting a multitude of consumer applications. In particular, the advent of smart contracts, first introduced on Ethereum in 2015, has facilitated a wide range of on-chain activities that extend far beyond peer-to-peer transactions. This report explores the evolution of consumer applications on blockchain, highlighting the key factors driving their development and adoption. First, let’s look at the pioneering role of stablecoins in tokenizing financial value on the blockchain, which laid the foundation for some of the first…
Felix Pinkston July 15, 2024 09:52 According to CoinShares, digital asset investment products saw the fifth-largest weekly inflow on record, reaching $1.44 billion. According to CoinShares, digital asset investment products saw significant inflows, recording the fifth-largest weekly inflow on record, totaling $1.44 billion. These inflows brought the year-to-date (YTD) total to a record $17.8 billion, surpassing the previous record high of $10.6 billion set in 2021. Bitcoin and Ethereum Lead Inflows Bitcoin (BTC) took the lead, with inflows reaching $1.35 billion, the fifth-largest weekly inflow in cryptocurrency history. Conversely, short Bitcoin products experienced significant…
Just a few days ago, only six of the top 50 altcoins were outperforming Bitcoin (BTC). But today, things have changed, and new speculation about an altcoin season is pouring in. What’s interesting about this development is that not only are there three new cryptocurrencies added, but all of these new entrants are in the top 10 by market cap. These include Solana (SOL), Ethereum (ETH), and Ripple (XRP). Rotating to altcoins is riskier but more rewarding? It is important to note that altcoin season begins when at least 75% of non-Bitcoin cryptocurrencies outperform BTC. However, only 9 have done…
Around 40% of Ethereum supply is locked as the market anticipates final approval for an ETH spot-based exchange-traded fund (ETF).According to Dune Analytics data, a breakdown of this “locked supply” shows that there are over 33 million ETH staked on the network, or roughly 28% of Ethereum’s total supply.Proof-of-stake networks like Ethereum require users to “lock” digital assets to support security and operations, and are rewarded for doing so.Ethereum Locked Supply (Source: CoinMetrics)Additionally, 12% of the supply is locked in smart contracts and bridges, which have seen strong adoption recently. For example, AJ Warner, Chief Strategy Officer at Offchain Labs,…
According to the latest report from CoinShares, global cryptocurrency investment products from asset managers such as Ark Invest, Bitwise, BlackRock, Fidelity, Grayscale, ProShares, and 21Shares saw a combined net inflow of $1.44 billion last week.This figure is one of the largest weekly net inflows ever recorded, and brings the year-to-date figure to a record $17.8 billion, as digital asset investment products see additional buying amid price weakness, CoinShares research director James Butterfill wrote. This far surpasses the $10.6 billion net inflows seen during the bull market in 2021. Weekly cryptocurrency asset flows. Image: CoinShares.However, Butterfill noted that cryptocurrency exchange-traded products…
Iris Coleman July 15, 2024 10:20 The Franklin Templeton Digital Assets team, along with Escape Velocity and Harvard Business School, explores the impact of decentralization on cloud services. According to Franklin Templeton, the Franklin Templeton Digital Assets team is working with Escape Velocity and Harvard Business School to explore the potential of decentralization as a transformative force in cloud computing. Decentralized exploration The joint research initiative aims to understand how decentralized technologies can disrupt traditional cloud services, which are typically centralized and controlled by a few major players. The research explores the benefits and…
TLDR The Bitcoin price fell to near $53,500 in early July before rebounding to around $62,500-$63,000. The recent price surge comes after an assassination attempt on former President Donald Trump, who expressed support for cryptocurrencies. Analysts suggest that the worst of the recent price decline may be over, with factors such as the German BTC sell-off and Mt. Gox redemption largely priced in. Positive macroeconomic factors, including potential interest rate cuts and low inflation, could support Bitcoin prices going forward. While some analysts see further price gains ahead, others warn that the uptrend could be gradual. Bitcoin’s price has rebounded…
The two major memecoins had little to distinguish them on price charts or indicators. There was evidence of short-term momentum shifts and slow accumulation for one of them. Both PEPE and SHIBA have been nearing their 10-day highs. The SHIBA team has been in the news recently, posting about a marketplace that will revolutionize Web3 commerce, but no firm timeline has been released. With PEPE recently being rejected at a key resistance level, there is little for bulls to cheer about. Which of the two Mimecoins has a more bullish outlook for July? Future scope and obstacles Source: PEPE/USDT on…