The Unpopular Opinion Many believe every AI agent needs its own token, but I disagree. Crypto is the currency for AI, but not every agent requires its own token. AI agents can simply charge fees in existing cryptocurrencies, BNB for example. Tokens should only be introduced after achieving scale and proving utility. Tokens Are a Distraction Tokens often distract founders from building real products. Managing a token demands significant time and diverts focus from user experience. Web3 games made
Time-based tokens, i.e., KOLs tokenizing their time, have recently resurfaced. Although various attempts have been made in the past, none have taken hold yet. Instead of time, I have always wanted to optimize reach. LinkedIn, X, provides this ability, but the barrier is too low, resulting in a lot of spam, making them unusable. Here is an idea for a platform that allows serious people to reach others. A famous person (KOL) connects his X (or LinkedIn) to the platform, verifying who they are. He
Updated: 2025-02-24 Original: 2020-02-25 The lack of security awareness among crypto users is painful to watch. It’s equally painful to see experts recommend advanced setups that are hard to follow and easy to screw up. Security is a broad topic. I am by no means an expert, but I have witnessed many of the security issues. I will try my best to use layman’s terms to explain: Why and how you may, or may not, want to store coins yourselfWhy and how you may, or may not, want to store coins on a ce
There is a saying in Chinese, "trouble doesn't travel alone". 祸不单行。
Well, I believe this 2nd trouble (my X account got temporarily suspended) is purely from the fact that I changed my profile name. It happened immediately after. The X bot detection algo needs some work, @User-x1337 . It doesn't detect all the bad bots, and wrongly targets the real humans. 🤷♂️😂
Even with super low fees, BNB Chain ranked 3rd in terms of fees collected among all the L1s and L2s. Ethereum and Bitcoin are still taking the lead. source: cryptofees
Wishing you and your loved ones a festival filled with joy, light, and prosperity. May the glow of diyas illuminate your path with happiness and success. May this Diwali bring warmth to your home and fill your heart with the spirit of love and kindness.
🔍Exactly 2 years ago on this day, the absolute historical record of Bitcoin at $69,020 was recorded. It was so close to $69,420, the point of getting Selling orders the most by people
😱Were you one of them? Or do you still hold $BTC with the hope it will increase to $100K?
Executives from a client were lured on a 'business trip' to Montenegro, where they were abducted and forced to empty their wallets. Total loss ~$12.5m.
We investigated the on chain activities and reached out to our partners earlier today to have the wallet frozen, as all of the funds were taken in USDT and transferred to a Tron wallet. We managed to freeze about $11.8m of the $12.5m stolen.
Two people both having access to one private key (or seed) is a very bad idea. It's almost impossible to tell who may have caused the "leak" when a hack happens. Should not be done like that.
TheNewsCrypto
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Monero Community Crowdfunding Wallet Hacked of $460,000
The hack occurred on September 1st, but Monero developer Luigi didn’t reveal it.
The CCS wallet was put up on an Ubuntu machine in 2020, with a Monero node.
An assault on the Monero community crowdfunding wallet completely wiped out its 2,675.73 Monero (XMR) balance, which was valued approximately $460,000 at the time. The hack occurred on September 1st, but Monero developer Luigi didn’t reveal it until November 2nd, on GitHub. Moreover, he claims that the breach’s origin has not been determined.
The Community Crowdfunding System (CCS) in Monero provides financial backing for members’ development initiatives. For Monero’s developer Ricardo Spagni, “this attack is unconscionable,” since the stolen coins might have been used to cover basic living expenses like rent or food by contributors.
Nine Separate Transactions
The seed phrase for the wallet was known only to Luigi and Spagni. According to Luigi’s piece, the CCS wallet was put up on an Ubuntu machine in 2020, with a Monero node.
Luigi had utilized a hot wallet stored on a desktop computer running Windows 10 Pro since 2017 to make contributions to community members. The CCS wallet provided funding for the hot wallet when required. However, in nine separate transactions on September 1st, the CCS wallet was emptied. The Monero development team has requested that the General Fund be used to pay off outstanding debts.
Spagni stated:
“It’s entirely possible that it’s related to the ongoing attacks that we’ve seen since April, as they include a variety of compromised keys (including Bitcoin wallet.dats, seeds generated with all manner of hardware and software, Ethereum pre-sale wallets, etc.) and include XMR that’s been swept.”
Other developers have speculated that the vulnerability stems from the wallet keys being publicly accessible on the Ubuntu server.
Highlighted Crypto News Today:
DeFi Lending Protocol Aave Shuts Several Markets After Uncovering Issue
Sad to see the cops do these... More sad to have seen it multiple times in different countries.
AZCoinNews
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Massive $300 Million Crypto Scam Unravels In India: Eight New Arrests, Including Four Cops
In a major development in the ongoing investigation into a $300 million cryptocurrency scam in India, local authorities have made eight new arrests, further exposing a web of deception that has ensnared around 100,000 victims. The unfolding scandal has sent shockwaves through the nation, as it now involves not only alleged fraudsters but also law enforcement officers. The elaborate scam, centered in Himachal Pradesh, came to light in late September, but authorities suspect it may have commenced as early as 2018. Fraudsters lured potential victims with investment opportunities in a local cryptocurrency known as Korvio Coin (KRO coins). As the investigation has progressed, it has become evident that several other cryptocurrencies were used through fraudulent websites, with at least one instance of a “rug pull,” where a cryptocurrency project was abandoned after investors had already purchased tokens. What is particularly startling about this case is the involvement of police personnel, with four officers among the recent arrests. The victims of the scheme include an astonishing 5,000 government officials and approximately 1,000 police personnel, according to findings by a Special Investigation Team (SIT). This scam’s apparent legitimacy was bolstered by its infiltration of the police force. More than 1,000 police officers became entangled in the scheme; some were deceived, while others reaped significant profits. Shockingly, some even volunteered and became promoters of the fraudulent cryptocurrency, further complicating the matter. The Himachal Pradesh scam has been under investigation for over two years, during which time approximately 56 complaints were filed with local police stations. The investigation extended to multiple agencies, including the Enforcement Directorate, in collaboration with regional police teams. The sweeping inquiry, led by the SIT, gained momentum with dozens of searches conducted in late October, leading to the discovery of around 250,000 identification cards linked to suspects. The magnitude of the scam is evident in the substantial gains made by those involved. The investigations have unearthed more than 100 individuals who allegedly earned profits of $240,000 each from the scheme, while an additional 200 are believed to have made around $120,000 each. While a total of 18 arrests have been made thus far, the alleged mastermind, Subhash Sharma, remains at large. Authorities have identified and seized several properties linked to Sharma as part of their ongoing efforts to bring those responsible to justice. The unraveling of this $300 million cryptocurrency scam has revealed the deep-seated complexities of the case, with its wide-reaching impact on government officials, law enforcement personnel, and countless victims. As investigations continue, it is expected that further revelations will shed light on the true extent of this elaborate and shocking deception that has left many in India reeling from its repercussions. Source: https://azcoinnews.com/massive-300-million-crypto-scam-unravels-in-india-eight-new-arrests-including-four-cops.html