American actress Sydney Sweeney’s X account was hacked and now-deleted posts appeared, containing a pump-and-dump scheme promoting a cryptocurrency token bearing her name.SWEENEY, a Solana-based token, surpassed $10 million in trading volume within two hours of its launch on July 2, supported by several promotional posts from Sweeney’s X account.“Well I guess it’s about time… $sweeney is now getting 100mc,” Sweeney wrote in one of his now-deleted X posts, which Cointelegraph could not independently verify.One of Sweeney’s X posts promoting the SWEENEY token. Source: IoaChimbiju/XThe price of SWEENEY fell by nearly 90% in the span of just over an hour…
Author: Crypto Flexs
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Every now and then, headlines will appear about $100 million or more worth of Bitcoin (BTC) and cryptocurrency futures contracts being liquidated, with novice traders and non-expert analysts pointing the finger at excessive leverage by retail traders as the cause. Aggregated Crypto Futures 24-Hour Settlement, USD. Source: CoinglassGamblers are undoubtedly responsible for a significant portion of risky gambling, especially when liquidations are concentrated on retail-focused exchanges like Bybit and Binance. However, not all futures liquidations are due to reckless use of leverage. Not all futures liquidations are due to leverage.Some trading strategies used by professionals may be liquidated when there…
Cryptocurrency Trader Duncan He explained the reason for the “very long” Ethereum (ETH) crypto token. Recently dropped to around $3,400He emphasized. Spot Ethereum ETFHe believes this could lead to a significant upside for ETH. A ‘significant upside revaluation’ for Ethereum could be on the horizon. Duncan mentioned on X (previous Twitter) post He believes there is a market. It’s too weak There is currently a possibility of a “significant upward revaluation” for Ethereum. Spot Ethereum ETF inflows “It’s far from terrible,” he added, explaining why he thinks the Spot Ethereum ETF will be a huge success, contrary to what some…
Developers of mini-applications for messaging platform Telegram can now exchange Telegram Stars for: Toncoin ton +3.94% Native tokens of The Open Network or discounted Telegram advertising. The move comes nearly a month after Telegram first introduced Stars, a redeemable virtual point, in early June. Users buy a certain amount of Stars with fiat currency to use within their mini-apps, and now developers have a way to exchange them for cryptocurrency. “Bot developers offering digital goods and services, and creators monetizing their channels with paid posts, can now use the Telegram Stars they’ve earned to get rewarded with Toncoin or buy…
Polka DotThe breadth of Marketing spending I was asked about it effectiveness. part trust Financial Funds It would be better used to support developer and Builder. Some have taken advantage of the overspending to criticize the Department of Transportation for discriminating. Crypto marketing is a tightrope walk between building awareness and communicating complex concepts to a broad audience. This challenge is especially acute in the blockchain industry, where complex protocols underpin innovative technologies. For layer 1 networks like Polkadot, effectively communicating value to both developers and potential users requires a nuanced approach that is difficult to master.Polkadot’s recent marketing efforts…
Monerium A financial technology company with a mission to make digital currencies accessible, secure, and easy to trade. Monerium is an industry leader in compliant emergy solutions regulated in Iceland. The smart contract was previously audited for a total of 12 engineering days of time donation between June 15, 2023 and July 4, 2023. Previous Monerium Audit Summary Includes revisions 1.0, 1.1, and 1.2. This audit summary focuses on the methodology, findings, and recommendations of revisions 2.0 and 2.1. Revised Edition 2.0 Monerium has contracted with Ackee Blockchain to conduct an additional security review of the Monerium smart contracts (Revisions…
Binance, one of the world’s leading cryptocurrency exchanges, has announced support for the upcoming network upgrades and hard forks of MultiversX (EGLD) and Ronin (RON). According to Binance, this move aims to ensure a smooth user experience during these important updates. MultiversX (EGLD) Network Upgrade The MultiversX (EGLD) network upgrade is scheduled to occur at approximately 2024-07-02 16:20 (UTC). In preparation for the upgrade, Binance will suspend deposits and withdrawals of tokens on the MultiversX (EGLD) network starting from 2024-07-02 15:20 (UTC). Trading of EGLD tokens will not be affected during this period. Ronin (RON)…
CHAMPAIGN, ILLINOIS, USA, July 2, 2024, Chainwire Pi Squared (Proof of Proof) announced that it has closed its first round of capital. The syndicate led by Polychain Capital includes ABCDE, Bloccelerate, Generative Ventures, Robot Ventures, and Samsung Next. Angel investors include Shumo Chu, Harish Devarajan, Justin Drake, Sreeram Kanaan, Csongor Kiss, George Lambeth, Yilong Li, Calvin Liu, Lucian Mincu, Karthik Raju, and Common Prefix. Pi Squared enables trustless remote computing, AI, and interoperable smart contracts for any blockchain or dApp using zero-knowledge (ZK) technology in a precise and fundamentally unique way. This will be possible by creating a universal, non-disarmable,…
Share this article Tokens associated with decentralized artificial intelligence network Bittensor have plummeted following reports of a possible security breach. According to data from CoinGecko, the native token, TAO, has fallen more than 15% in the past 24 hours, falling from $281 to $237.Bittensor co-founder Jacob Robert Steves confirmed that the network was temporarily down while developers investigated the situation. “Guys, we are investigating. The chain is currently protected by a firewall and we are preparing an update to switch to safe mode, but all transfers are blocked because we have quarantined the validator.” – @shibshib89 — Neural Bond Connery(τ,…
The Bitcoin (BTC) price has fallen by 2.25% over the last 24 hours and is currently 16% below its all-time high of $73,835 recorded on March 14.BTC/USD daily chart. Source: TradingViewBitcoin price has fallen by 8.75% over the past 30 days and by 5.5% over the past three months. The BTC price has been trending lower in June, and market analysts are questioning whether a “cycle top” is coming for the pioneering cryptocurrency.Let’s take a look at why some analysts think the Bitcoin bull market has peaked.Bitcoin Long-Term Holders Inflation Rate Approaches Critical Level Capriole Investments founder Charles Edwards said…