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Hong Kong police have issued a warning after 11 local Binance users fell victim to phishing scams delivered via text messages. In a post dated Oct. 9 on their Facebook page, CyberDefender, an arm of the Hong Kong police, cautioned that individuals posing as Binance have been distributing fraudulent text messages to users. These messages falsely claim that users must click a link to verify their identity before a specified deadline, failing which their accounts would be deactivated. Once users clicked the link and ostensibly confirmed their personal information, hackers gained complete control of their Binance accounts and emptied the assets from their wallets. Beware of scammers. Stay #SAFU! pic.twitter.com/XZMDMKkBJf — CZ Binance (@cz_binance) October 9, 2023 According to the police , 11 Hong Kong-based Binance customers have already reported combined losses exceeding $446,000 (3.5 million Hong Kong dollars) in the past two weeks. The police have asked any users who...

The crypto market can provide a wide range of options for investors. Among them, Mask Network (MASK), Monero (XMR), and Everlodge (ELDG) have gained significant attention for their Features and potential . This article will explore why these three tokens are being considered by investors in 2023. Summary Mask Network price prediction Monero coin now added to PayBito  Everlodge to redefine the real estate market Mask Network: upward momentum  The Mask Network has been on a notable uptrend, gaining momentum in the crypto space. As a decentralized social media platform, Mask Network offers a unique proposition: the ability to send and receive encrypted messages. This focus on privacy has struck a chord with users, leading to a surge in unique addresses actively engaging with the Mask Network.  This uptick in user activity suggests that more individuals seek privacy-friendly alternatives like the Mask Network in social media. Because of this, the Mask Network crypto ...

The Consumer Financial Protection Bureau (CFPB) wants to apply the Electronic Fund Transfer Act (EFTA) to digital assets space. During a speech at the Brookings payment conference on October 6, CFPB Director Rohit Chopra revealed the agency aims to safeguard investors and users in the rapidly expanding crypto ecosystem.  “To reduce the harms of errors, hacks, and unauthorized transfers, the CFPB is exploring providing additional guidance to market participants to answer their questions regarding the applicability of the Electronic Fund Transfer Act for private digital dollars and other virtual currencies,” he said Addressing the topic, “Making America’s payment system work for a digital century,” Chopra asserted that, under the potential application of EFTA to cryptocurrencies and other virtual currencies, financial institutions and virtual asset firms may be required to make several changes. These could include disclosing liability details to user...

As Bitcoin halving approaches, the Binance boss doubts that BTC will reach a new maximum by the end of 2024. The crypto community should brace for a long recovery as Binance CEO thinks Bitcoin (BTC) won’t hit a new all -time high (ATH) sooner than 2025. In a blog post on Binance Feed, the exchange’s head, Changpeng Zhao (CZ), said the market will face “anxiety, expectations, hype, hope” as the halving approaches. Based on his experience, CZ says the bitcoin price won’t double overnight the day after the halving. However, once Bitcoin undergoes the halving, the market may be poised for a bull run. “The year after the halving, bitcoin price hits multiple ATH (all time highs). And people ask why. People have short memories.” Changpeng Zhao, Binance CEO Yet, the Binance boss pointed out there is no “proven causation” as the history “does not predict the future.” At the time of writing, Bitcoin is trading at $27,508, d...

In the realm of content creation, three fundamental factors come into play: “perplexity,” “burstiness,” and “predictability.” Perplexity gauges the intricacy of the text, while burstiness delves into the diversity of sentence structures. Predictability, on the other hand, quantifies the likelihood of predicting the subsequent sentence. Human-authored content tends to exhibit greater burstiness, incorporating a blend of both lengthy and intricate sentences alongside concise ones. Conversely, AI-generated text often leans towards uniformity. Therefore, for the content we are about to craft, it’s imperative to infuse it with a generous dose of perplexity and burstiness while minimizing predictability. Additionally, the medium of expression should strictly be English. Let’s now transform the provided text accordingly: Komainu is steadily expanding its footprint within the United Kingdom, following a collaborative agreement with regulatory aut...

Charlie Munger, the billionaire vice chairman of Berkshire Hathaway, dismissed artificial intelligence (AI) as excessive hype while doubling down on his criticism of Bitcoin (BTC). The AI buzz and Munger’s take AI is rapidly gaining traction across various sectors of the global economy just like blockchain, with platforms like Binance already incorporating the burgeoning technology into varies processes. However, Munger — a close friend and advisor to Warren Buffett — isn’t quite sold on the trend. During Zoom’s recent Zoomtopia conference, which took place from Oct. 3-4, Munger aired his doubts. “I believe it’s receiving an excessive amount of attention, and it’s likely receiving more attention than it merits,” Munger said, according to Fortune. Munger acknowledges the importance of AI breakthroughs but remains unconvinced about its “exaggerated” potential. And his doubts about AI are not new. The 99-year-old billionaire previ...

The Stars Arena has made a significant announcement, revealing that malevolent forces have been siphoning funds through a cunning loophole. However, the team has swiftly taken action, successfully patching the contract to avert any further harm. As per reports circulating on social media, the Stars Arena Web3 social media platform on the Avalanche network has fallen victim to a malicious attack. This unsettling incident was brought to light by a Stars Arena user, Lilitch.eth, on October 5, who took to X (formerly Twitter) to declare that over $1 million had been lost as a result. The Stars Arena team has unequivocally acknowledged this audacious attack, characterizing it as nothing short of a “war” waged against their platform. Surprisingly, they assert that the actual losses incurred amount to a mere $2,000, affirming that they have successfully plugged the exploit . Stars Arena, much like the popular Friend.tech, empowers users to acquire “shares” in the f...

Lennix Lai, OKX’s global chief commercial officer, told Cointelegraph that bringing traditional finance investors into the space would require raising compliance standards. While some areas of the crypto space focus on privacy and anonymity, others focus on raising the standards within the space and on bringing in traditional players and more capital in the world of digital assets.  At the recent Blockchain Economy Summit held in Dubai, Cointelegraph spoke with Lennix Lai, the global chief commercial officer at crypto exchange OKX. During the interview, the executive discussed several topics, including the differences between working in traditional finance and crypto, how OKX handled the wave of exchanges implementing mandatory Know Your Customer (KYC) checks and how the exchange navigates the rapidly changing regulatory landscape.    Lai and Cointelegraph’s Ezra Reguerra at the Blockchain Economy Summit in Dubai. Source: Joanna Alhambra According to Lai, crypto is “a lot more fun” th...

The Middle East’s most anticipated event, the 2nd Annual Middle East Women Leaders’ Summit , is set to return on October 24th and 25th, 2023, at the Address Dubai Marina, UAE. This summit, dedicated to celebrating the achievements and empowerment of women leaders, promises to be an unparalleled gathering of influential minds and visionaries from across the region. The 2nd Annual Middle East Women Leaders’ Summit is a platform dedicated to celebrating the achievements and empowerment of women leaders in the Middle East and beyond. The summit brings together influential leaders to encourage knowledge creation, and foster meaningful connections. It is a catalyst for change and progress in promoting gender equality and diversity in leadership roles. A few of the esteemed speakers set to speak at this year’s summit are; H Shaikha Jawaher Bint Khalifa Al Khalifa , Founder & Chairperson at Green Aventurine Holding E. Mona Al Moayyed , Managing Director at YK Almoayyed & Son...

Santiment revealed in an X post yesterday that LRC, FET, REN and TVK have seen their exchange supply levels increase. According to the post, this rise in exchange supply could lead to an uptick in volatility for the 4 cryptocurrencies. TVK had the highest exchange supply level, with more than 67% of the altcoin’s supply residing on exchange platforms. The blockchain intelligence firm Santiment revealed in an X post yesterday that altcoins are continually failing to reach consensus regarding what direction their prices should move. Meanwhile, Fetch.ai (FET), Loopring (LRC), Ren (REN) and Virtua (TVK) have seen more and more of their supplies shift onto exchange platforms. According to the firm, this increased amount of cryptocurrency making its way onto exchange platforms typically implies an increased likelihood of future volatility. With regards to the altcoins mentioned in Santiment’s post, 38.7% of REN’s supply currently resides on exchanges. Meanwhile...

In Q3 2023, the number of reported attack incidents surge d to 76, a stark contrast to the mere 30 incidents recorded during the same quarter in the previous year. A report from Immunefi, a blockchain security platform, reveals that the crypto and Web3 projects experienced a staggering 153% surge in attack incidents from July to September 2023 in comparison to the corresponding period in 2022. Q3 of 2022 saw a total of 30 attack incidents, but this figure ballooned to 76 in Q3 2023. The losses in the recent quarter amounted to nearly $686 million. The most substantial loss resulted from the Mixin hack on September 25, which drained approximately $200 million. The Multichain hack ranked as the second most damaging attack of the quarter, resulting in losses exceeding $126 million, which are yet to be recovered. Furthermore, the Lazarus Group orchestrated a series of attacks, targeting centralized services such as CoinEx, Alphapo, Stake, and Coinspaid, collectively siphoning over $208 m...

According to a report by Allied Market Research, blockchain financial market participants are now exploring collaborations and acquisitions as a core strategy. The traditional finance industry’s challenges caused by the COVID-19 pandemic, coupled with the promise of lower operating costs, increase the chances of greater global adoption of the digital ecosystem. “Blockchain technology has the potential to revolutionize the blockchain finance market  by significantly improving settlement processes and expediting payment transactions.” Allied Market Research The main advantages of blockchain finance industry include the use of significant computing power, which makes blockchains ideal for maintaining large distributed ledgers associated with financial transactions. These factors will enhance the development of the blockchain financial market. Cross-border payments and trade are the two largest and most popular sub-segments of blockchain finance . This is driv...

XRP‘s (XRP) price rose higher on October 4 after Ripple’s new legal victory against the SEC. Notably, Federal Judge Analisa Torres handed a major blow to the securities regulator by rejecting their appeal on her recent Ripple Labs ruling. On the same day, Ripple unveiled another significant development. The company secured a pivotal payments institution license in Singapore, marking its latest step geared toward expansion into the Asia-Pacific (APAC) region.  Could this dual triumph be the catalyst for a major surge in XRP’s value? Ripple continues its Asia-Pacific expansion Less than four months after the Monetary Authority of Singapore (MAS) granted Ripple an initial in-principle permit, the blockchain company now secured a full license to operate in the Asian city-state. Cryptocurrency Judge rejects SEC’s interlocutory appeal request v. Ripple Cryptocurrency 3 best-performing cryptocurrencies out the top 100 in 2023 ...

During the last week of April, the number of pending transactions on the Bitcoin (BTC) network started to surge, reaching a peak in May, followed by very expensive transaction fees being charged from Bitcoin holders moving their coins. Since then, the Bitcoin mempool remained congested with hundreds of thousands of stuck transactions waiting in line to be added to a block and confirmed by the network, in order for the sent BTC to be received at the destination. However, things started to change six months later, in the last week of September. At the time of publication, data retrieved by Finbold from Johoe’s Bitcoin node , on October 3, shows 6-month lows for the number of pending transaction s in the network — with only 31,000 transaction s waiting in line. Notably, the numbers were over 20 times higher than at its worst moments this year. On May 8 it reached a new high of 472,000 pending transactions, followed by a new high of 490,000 on August 11, and the all-time high number ...

Former SEC Chief of Office of Internet Enforcement John Reed Stark believes a federal court could ultimately convict the FTX founder of several criminal charges, including fraud, due to three factors. Witness testimony from former executives, damning evidence enshrined in FTX records, and Sam Bankman-Fried’s post-bankruptcy media tour will likely sway the court’s verdict in favor of prosecutors, said Stark on Oct. 2. Indeed, figures like Caroline Ellison, Gary Wang, and Nishad Singh have pled guilty in the FTX case. It is also widely believed that the Justice Department would call Ellison and other parties to testify against Bankman-Fried. Prosecutors also filed court documents to admit witness testimony from offshore and non-U.S. FTX users. The Three Unique Reasons Why Sam Bankman-Fried Will Likely Be Convicted 1. More Rats Than Both Willard Movies Combined. The SBF prosecution team will call to testify an incredibly broad array of senior corporate insiders, all of whom have p...

The crypto community criticized American author Michael Lewis for defending FTX. Lewis claimed FTX would still be profitable if no one raised doubts about its business. Crypto lawyer John Deaton called Lewis a clown for blaming Binance CEO CZ for FTX’s collapse. The renowned American author and financial journalist Michael Lewis has found himself embroiled in stern criticism from the crypto community amid his comment on the bankrupt FTX exchange. In a recent interview, Lewis opined that FTX had a solid and viable business foundation. In his view, if no one had raised doubts about FTX’s business operation and triggered a run on customer deposits, the exchange would still be generating substantial profits. Prominent X user Sean Tuffy shared a snippet of the interview with the crypto community, leaving a remark of astonishment at Lewis’ comment. “They had a great real business. If no one had cast aspersions on the business, if there hadn’t been a r...

Millionero introduces a mobile app for crypto trading, offering a seamless experience. The app combines spot trading, perpetual trading, and copy trading to enhance accessibility. Users can buy/sell assets, engage in perpetual contracts, and emulate successful traders. The award-winning beginner-friendly crypto exchange Millionero has just launched its latest mobile app. The Millionero team proclaimed this development in a recent statement communicated to Coin Edition. According to the notification, crypto enthusiasts have reasons to be excited about the mobile application release, as the team noted that the development is not just another routine update but a significant shift in how users engage in crypto trading. Per the update from the firm, Millionero’s new mobile app promises a seamless, intuitive, and exhilarating experience for traders. Millionero, winner of the Best Emerging Crypto Exchange award, noted that the app offers an integrated trad...

The price of Bitcoin and Ethereum surged nearly 4% in just a 15-minute window, sparking bullish predictions for the remainder of October. More than $70 million in crypto short s were suddenly liquidated after a surprise jump in the price of Bitcoin (BTC), Ethereum (ETH) and other cryptocurrencies on Oct. 1. According to data from TradingView, the sudden pump saw Bitcoin surge 3% in just 15 minutes from $27,100 to $28,053 before settling down just below the $28,000 mark at the time of publication. Happy Uptober to those who celebrate. Remember 2021? pic.twitter.com/qgHy1ThGOf — The Wolf Of All Streets (@scottmelker) October 2, 2023 Similarly, the price of Ethereum’s native currency Ether also surged, gaining as much as 4.7% in a brief spike to $1,755 before leveling out to $1,727 at the time of publication. The sudden movement has left most in the community scratching their heads. Many commentators said the move aligned with the arrival of “Uptober.” Welcome to Uptober. Welcome...