El Salvador and pro-Bitcoin businesses reaping rewards after years of skepticism
💰El Salvador and several forward-thinking corporations, including Nexon and Tahini’s, are witnessing substantial returns on their Bitcoin investments, challenging the wave of skepticism they faced from the media and financial analysts. Despite enduring a barrage of negative press when they made their investments over the last few years, the Bitcoin stacks they built up are now positioned to reap significant profits as BTC approaches its all-time high price levels.#BinanceTürkiyeSquare $BTC
Congresswoman Maxine Waters questioned Meta's cryptocurrency involvement and highlighted five active trademark applications related to digital assets and blockchain.
A user reported a new phishing method targeting NFT creators and investors; An email purporting to be from OpenSea with a message about a potential buyer's new offer.
The victim reportedly lost $50,000 after clicking on the link in the message.
Kaspersky Labs has found a new macOS-targeted malware in pirated applications that replaces Bitcoin and Exodus wallets with infected versions, stealing user data and cryptocurrencies.
According to data, Binance Smart Chain (BSC) achieved an 85% reduction in financial losses due to security breaches in 2023. Notable highlights include:
⚫️ Total financial losses decreased by 85% compared to last year ⚫ Compared to 2022, hacks are down 91% and scams are down 54% ⚫ Total losses for the year were only $97 million excluding the first three outliers ⚫ Financial losses decreased by 64% in the 4th quarter of 2023 compared to the 3rd quarter
🪙 Bitcoin falls 20% from YTH high with further 5% daily drawdown in cascading liquidation event 📉
Recently, Bitcoin’s price broke below the $39,000 threshold, marking a noteworthy 20% reduction from its yearly high of $49,000. This event signified one of the most significant drawdowns in the current cycle, illustrating the inherent turbulence of this asset class. Historical data shows during bull market corrections, drawdowns can reach as much as 30%, emphasizing the significant risk and reward ratio in digital asset investments. $BTC
The Korean crypto community has questioned Binance's MANTA Launchpool project due to the team's potential for token dumping or money laundering. Manta Korea BD Sumeley sparked concerns by quickly selling 2 million MANTA tokens for 2,094.7 ETH.
Manta Network explained that this is part of the token model and uses Ecosystem/Community funds.
China's Ministry of Industry and Information Technology plans to establish a working group for Metaverse with a public feedback period from January 19 to February 18, 2024.
Thailand SEC has raised the investment limits for individuals in digital assets such as real estate-backed and infrastructure-backed ICOs to 300,000 baht (8,400 $) effective from January 16.