Hacker Grandma Rosa, known for her pies and strawberry jam, decided hacking was more interesting than knitting socks. Hearing about the new #Notcoin listing, she fired up her old laptop, which hummed like a tractor, and prepared for her next hack.
"Today, I'm going to hit the jackpot," Rosa muttered, putting on her glasses and wool socks. However, instead of the exchange, she accidentally landed on a recipe website. Getting engrossed in a recipe for apple strudel, Rosa temporarily forgot about Notcoin.
Coming to her senses, she returned to her mission and tried to transfer the stolen Notcoin to her wallet. But her laptop decided to update, leaving Rosa puzzled. While it was updating, the exchange noticed her hacking attempts and, amused by her old-fashioned approach, sent her a thank-you note for the amusing try.
When the update finished, all exchanges had closed for maintenance. Rosa missed her chance again. She sighed but wasn't upset: "At least now I have an excellent strudel recipe," she said, heading to the kitchen.
$DOGE Community Excitement Peaks: Anticipation Grows for X Platform Payment Launch
An insider from teams X and #Dogecoin , known as "DogeDesigner" (@cb_doge) on the X platform (formerly Twitter), recently hinted at the upcoming launch of "X Payments" and its potential impact on the payment industry, particularly traditional banks. This tweet sparked excitement within the Dogecoin community, as many anticipate DOGE's inclusion as a payment method on the popular platform.
"DogeDesigner" speculated that X Payments could disrupt and surpass traditional banks, drawing parallels with Elon Musk's Tesla, which revolutionized the automotive industry. While Corporation X is in the process of obtaining payment processing licenses in new U.S. states, the launch of the payment service on X is expected by the end of this year. However, it remains unclear whether the platform will integrate cryptocurrencies, particularly DOGE, or focus solely on traditional payment methods.
Beware of phishing: Whale loses 1155 $BTC , learn how to stay secure.
On May 3, a major player in cryptocurrency lost 1155 BTC, valued at $71 million, highlighting the critical need for security in cryptography.
#Blockchain heist: exploiting vulnerabilities in "whales" A hacker exploited a whale's activity, deceiving it into transferring #BTC by mimicking its address. Swiftly, the hacker redirected the funds, suggesting a well-planned attack.
Protecting your assets: key security practices Generate private keys offline, use hardware wallets, and keep backups. Verify addresses, conduct small test transfers, and consider multi-signature methods.
Remaining vigilant against phishing is crucial to prevent significant losses like this. Prioritize security measures to safeguard against such attacks.
Ecoinometrics Inflation in essential services is rising. The trend over the last six months is moving in the wrong direction. This situation will once again delay rate cuts.
While predicting future price movements of any asset can be challenging, several on-chain metrics can hint at potential price points that investors should watch. One such metric is the MVRV extreme deviation price bands.
Recently, #Bitcoin has once again risen above the +0.5σ price band, which is currently at $64,600. Historically, such a rise has led to $BTC testing the 1.0σ price band, supported by growing demand. Currently, this price band is around $77,000.
Based on the basic laws of supply and demand, when the demand for #Bitcoin begins to exceed the available supply of $BTC on the market, the chances of Bitcoin resuming its upward trajectory increase.
Monitoring the balance of Bitcoin on exchanges can confirm this supply and demand dynamic. Since the beginning of May, more than 30,000 #BTC have moved to private wallets for long-term storage, indicating holder confidence in Bitcoin's future value.
When #Bitcoin reached a new all-time high of over $73,000 in mid-March, its realized market cap also increased, indicating that most long-term holders were in profit. Consequently, some exited their positions in $BTC , leading to a significant rise in realized profits.
What is China buying? Gold. A lot of it. And the reported figures significantly underestimate the country's reserves, as much of the domestic production also goes into the reserves.