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U.S.-based crypto exchange Kraken confirms that it has successfully received funds in the form of Bitcoin (BTC) and Bitcoin Cash (BCH) from Mt. Gox Trustee.
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Scammers are looking to steal Shibaswap user assets, according to a warning from #shiba⚡ Inu-focused security outfit Susbarium. As in any industry, scammers in the crypto space are always devising new schemes to rob users of their hard-earned money. In the latest instance, these scammers target users of the Shiba Inu-developed decentralized exchange Shibaswap. Fake Shibaswap Scammers are looking to steal Shibaswap user assets, according to a warning from Shiba Inu-focused security outfit Susbarium, also known as “Shibarium Trustwatch.” On Tuesday, March 18, Susbarium warned that these bad actors were launching fake Shibaswap websites to achieve their aims, urging users to be careful. While the security outfit did not elaborate, these fake Shibaswap websites are likely linked to wallet drainers, which siphon assets once the user connects their wallet. At the time of writing, it is currently unclear if any user has lost money to the scheme. Meanwhile, it is not the first time a security platform has warned of fake Shibaswap links. “Jack Fake-Killer,” an X account dedicated to exposing phishing links, first warned of such a scheme on January 13. Beyond the Shibaswap scam, The Crypto Basic has called attention to numerous instances of fraudulent endeavors targeting Shiba Inu holders. How Shiba Inu Holders Can Stay Safe from Shibaswap scam The fake Shibaswap scam is a phishing link scam that relies on users’ failure to spot slight changes in website URLs. Below are some tips to stay safe, including tips from Susbarium. -Always double-check the Shibaswap URL before accessing it or connecting your wallet. Notably, the only official ShibaSwap site is “https://shibaswap.com.” -Bookmark the official Shibaswap website for easy and quick access. -Be wary of using Shibaswap links shared in forums. -Use tools like Scam Advisor and Scam Sniffer to double-check URLs when unsure. -Never share your wallet seed phrases. #CryptoNewsFlash
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#Ethereum price trend targets $2,100 with a range breakout as the market recovers before the FOMC meeting results. With less than 12 hours left for the Federal rate cut decisions to go live, the crypto market is witnessing a minor recovery. Bitcoin is above $83,000, and Ethereum is gradually inching closer to the $2,000 mark. While the broader market expects the Fed to keep rates unchanged, growing anticipation is driving the short-term recovery. Will this short-term recovery lead to a breakout in Ethereum, pushing it past the $2,100 mark? Ethereum Price Eyes Range Breakout Rally In the 4-hour price chart, the Ethereum price trend reveals a breakout of a short-term resistance line. This hints at the conclusion of a lower-high trend formation. Moreover, the breakout rally is now targeting a range breakout. The consolidation range in Ethereum extends from $1,850 to $1,950. Currently, Ethereum’s recovery run has created three consecutive bullish candles, which increases the chances of a breakout rally. With the bullish sentiments gradually improving, the MACD and signal lines approach the positive territory. Furthermore, as the bullish histograms resurface, the momentum indicator triggers a buy signal for Ethereum. Justin Sun Adds $100M ETH to Staking Amid the short-term recovery, a key figure in the industry is growing bullish on Ethereum. According to Arkham Intelligence, Justin Sun, the founder of the Tron ecosystem, has staked $100 million in Ethereum. This move seeks to generate $3 million in ETH per year. #CryptoNewsCommunity
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"Has Bitcoin Officially Entered a Bear Market? Key Indicators Could Confirm It!"
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"Cardano's Bullish Surge: Social Sentiment at 4-Month High – Is a Price Explosion Next?"
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Bo Hines, President Trump’s Executive Director on Digital Assets, has revealed that the U.S. government wants as much #Bitcoin as it can procure. Hines made this statement while speaking on the Strategic Bitcoin Reserve (SBR) created by President Donald Trump. For context, the president signed an executive order on March 6 mandating the creation of a crypto stockpile for altcoins and a Strategic Reserve for Bitcoin. However, the order confirmed that the government would not procure any more tokens for the crypto stockpile, which will only contain assets it already holds through confiscations and forfeitures. Further, it indicated that it would only employ “budget-neutral” means to purchase more BTC for the SBR. Hines: Trump Kept His Promise on SBR Amid this declaration, concerns surrounding the government’s intentions to add to the SBR emerged. In his recent remarks on this order, Hines cleared the air while speaking at the Digital Assets Summit in New York. He noted that President Trump’s executive order to create the Bitcoin reserve fulfilled the promises he made on the campaign trail. Recall that Trump, while campaigning for his second term in office, promised the Bitcoin community that he would fire former SEC Chair Gary Gensler and create a Bitcoin reserve. With Gensler out and the Bitcoin reserve formed, the administration has kept to these promises, as pointed out by Hines. The executive director also highlighted that the government created the reserve in a way that respects Bitcoin’s unique state in the crypto market by setting up a different reserve solely for the premier asset. “We look at Bitcoin—it’s not a security; it’s a commodity. It has intrinsic store of value, it’s traditionally accepted. It has […] the immaculate conception [as] there is no issuer. That’s why in the executive order, we compared it to digital gold,” Hines remarked.
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