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📔 PROJECT: Promodex

🗓 5thJune2024 , 🕰 7pm UTC

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$KIP is in #AI
Was this photo made by #AI ? Yes or No

Cryptocurrency market overview | June 2

🟢 #MarketCap : $2.66 trillion (+0.24%)
🔴 #BTC dominance: 50.14% (-0.13%)
⚡️ Fear and Greed Index: 73 (greed)

How Was the Forgotten Password of the USB Memory Containing 7.5 Billion Liras of Bitcoin Cracked? We Explain in All Details!

Would you like to learn how #StefanThomas lost the password to his USB stick containing 7,002 Bitcoins and how hackers managed to crack this password?

We use a variety of methods to ensure the security of digital assets, but sometimes these methods can backfire. This is exactly what happened to Stefan Thomas!

Thomas lost the password to his USB stick containing millions of dollars worth of Bitcoin, putting him in a difficult situation.

Stefan Thomas had lost the password to an encrypted USB drive containing 7,002 #Bitcoins .  In late September, a hacker who wanted to be called Tom Smith sent Thomas a meaningless message saying "query voltage again."

The message was proof that they had managed to crack the password of the #USB stick on Thomas' IronKey S200 model.

Smith and the Unciphered team had developed a secret method to decrypt Thomas' USB stick.

IronKey memories were designed to permanently erase their contents after 10 wrong guesses, but the Unciphered team was able to bypass this security measure and crack the password.

The Unciphered team worked for nearly eight months to develop the ability to crack Thomas's USB drive.

In the process, they scanned the USB memory to find IronKey's vulnerabilities and used various methods to decipher the cryptographic structures inside.

The team realized that IronKey's manufacturer had left some security vulnerabilities, and they began to decrypt the password using these vulnerabilities.

Using a precision laser cutting tool and chemical solutions, they were able to open the chip carrying the cryptographic secrets inside the USB memory.

The Unciphered team has successfully completed all the steps required to crack the password of Thomas' USB memory stick. But Thomas didn't want to accept the help.

Thomas, who had already made deals with two other cracking teams, politely declined the Unciphered team's offer.
$BTC $ETH

Hafta sonu havası, The Uprising'de puanları maksimuma çıkarma zamanı! 🚀

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İşte nasıl:

✅ Sosyal medya hesaplarımızı ve ekibimizin X hesaplarını takip et = 400 Puan

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Çok kolay! 🍋

Daha fazla ayrıntı burada:
https://x.com/kipprotocol/status/1796877242938925495?s=46&t=l-WAEKWl6x_811rJpGmmLw

50-Year-Old Analyst: The Biggest Rally in History May Be Beginning in Bitcoin (BTC)!

Peter Brandt, who has been actively involved in the financial markets for many years, also comments on the crypto market from time to time. Brandt, who focuses more on the leading cryptocurrency #Bitcoin (BTC), recently shared a new BTC analysis.

In his latest analysis, Peter Brandt found that the major Bitcoin chart resembles the Dow Jones Industrial Average (DJIA). According to Brandt, if this similarity comes true, a giant upward adventure will begin in BTC.

Underlining that #Bitcoin still cannot exceed the 2017 peak in the dollar supply chart, Brandt said the following on the subject: “The main idea in Bitcoin is based on the ultimate destruction of fiat currencies (for example, the US dollar).
The chart below shows the price of Bitcoin (BTC) in relation to the US total money stock (M1). This rate is still below the December 2017 peak.

The similarities in the chart structure to the Dow Jones Industrial Average (DJIA) during the Great Recession of the 1970s are striking. I will continue to take this TOBO similarity into consideration.

Schabacker (1934) and Edwards and Magee (1948) nominally accept this model (Reverse Shoulder Head Shoulder). "If this formation is good enough for them, it's good enough for me."
$BTC $ETH

"#BinanceCampus loading... "

112 Million Dollar Purchase Received from #Dogecoin Whales!

In his X post dated May 31, Ali Martinez included the massive purchase of #Dogecoin whales. According to data presented by Martinez, whales have purchased more than 700 million #DOGE worth $112 million in the last 72 hours:
Dogecoin whales purchased over 700 million DOGE worth approximately $112 million in the last 72 hours!
This large purchase made by whales after a long time revealed their bullish expectations. While DOGE's 24-hour trading volume reached 650 million dollars, there was no noticeable increase in price.

According to CoinGecko data, #DOGE , which has increased by 0.6% in the last 24 hours, is traded at $ 0.1611 at the time of writing.
$BTC $DOGE

Analysis Company Said, “We Are Bearish for #Bitcoin , Bullish for #Ethereum ” and Explained the Reason.

In a recently published analysis by cryptocurrency analysis firm QCP, the company expressed a bearish outlook for Bitcoin (BTC) and a bullish outlook for #Ethereum (ETH).

QCP highlighted potential supply pressures on Bitcoin from two main sources. The first of these is the famous Mt. Distribution expected from Gox bankruptcy case. The second source is the recent DMM hack, which could result in additional supply of approximately $305 million.

Mt. Gox case is a long-standing issue in the Bitcoin community, and the potential distribution of recovered Bitcoins is a significant event that could impact the market. Similarly, the recent DMM attack has increased potential supply pressure on Bitcoin.

On the other hand, QCP expressed a bullish outlook for #Ethereum . The firm predicts that Ethereum spot ETFs may begin trading earlier than expected in June. This follows the US Securities and Exchange Commission (SEC) urging applicants to submit S-1 forms by May 31.

QCP believes this development could catch a sleepy market off guard, and its bets are on the bullish side, especially for Ethereum. According to analysts, the launch of Ethereum spot ETFs could potentially increase demand for Ethereum, providing a positive boost to its price.
$BTC $ETH

The best since 2019: Bitcoin is Strong Despite Everything!

#Bitcoin (BTC), which was affected by several negative news flows, completed May with an 11 percent increase despite everything.

Despite the impact of important agenda items, BTC's strong appearance attracted attention. Although the leading crypto could not overcome the $ 70,000 resistance, it managed to hold on to the $ 67,000 region.

#Bitcoin (BTC) had a quiet start to June after an effective monthly close. #BTC has experienced an average price volatility of 0.5 percent since its June launch.

In the previous month, there were two important developments that shook the crypto industry. Defunct crypto exchange Mt Gox moved over 9 billion BTC in its holdings. It was stated that these BTCs are customer assets and may create sales pressure.
Hours before the monthly closing, the Japanese stock exchange DMM Bitcoin lost 4,502 #BTC as a result of a hack attack. The exchange disrupted trust in crypto, even though the exchange said it would cover customer losses.
$BTC

Ethereum Price May Go Above $6,000: Analysts Announced!

Analysts think that the Ethereum price may rise up to $6,200 in the coming months. QCP analysts, Mt. He wrote that there is a bearish outlook on #Bitcoin due to the payments to be made by Gox.

Mt., which went bankrupt in 2014 and was the largest cryptocurrency exchange of its time. #Gox will refund approximately $9.6 billion to its customers. This is expected to create selling pressure on Bitcoin.

Analysts stated that there is a bullish appearance in Ethereum. According to reports, spot #Ethereum ETFs in the #USA may begin trading earlier than expected this month.

For options in September, #QCP said a $3,000 put option could be sold with a $2,500 knock-in, while a $4,500 call option could be purchased with a $6,200 knock-out.
$BTC $ETH

Ripple CEO sees ETFs of the two cryptocurrencies with XRP as inevitable.

Attending the Consensus 2024 Conference, Ripple CEO Brad Garlinghouse claimed that the next crypto ETFs will be XRP, Solana and Cardano ETFs in response to regulatory issues.
Highlighting the regulatory challenges for the crypto market, Garlinghouse argued that there is a need for clarity for the sector and the issuance of ETFs for XRP, SOL and ADA will be inevitable.

In his speech at Consensus 2024, Ripple CEO Brad Garlinghouse pointed out that a new era of crypto ETFs will begin with the stabilization of spot Bitcoin ETFs and the recent launch of spot #Ethereum ETFs. Garlinghouse was very hopeful that, based on the current trend, the next #ETF products could be XRP, SOL and ADA-backed.

On the other hand, Ripple CEO, who does not ignore that there will be regulatory difficulties in this process, thinks that there is no insurmountable problem for these ETFs. Because it is thought that crypto assets have recently gained general acceptance in traditional financial markets.
The future of XRP is eagerly awaited
XRP continues to be significantly affected by Ripple's lawsuit with the SEC. While there have been notable developments this year in the case, which is seen as the biggest obstacle to cryptocurrency, it is thought that the process has finally come to an end.

Market participants think that if Ripple survives the lawsuit with minimal damage, #XRP can gain a significant increase in value. So much so that Ripple has important promises related to XRP after the conclusion of its case with the SEC.
While addressing regulatory challenges, Brad Garlinghouse lamented that the SEC lacks clear regulations on the crypto space. Citing the SEC as an example, which refrained from making a clear statement about whether the asset was a security or not, even regarding Ethereum, which received Spot #ETF approval, Garlinghouse described this uncertainty as a big problem.
$BTC $XRP

Bad News for Bitcoin and Altcoins from US President Biden!

U.S. President Joe Biden recently announced that he vetoed a House Joint Resolution that would repeal Staff Accounting Bulletin 121 of the U.S. Securities and Exchange Commission (SEC).

SAB 121 is an #SEC accounting guideline that directs financial institutions that hold cryptocurrencies for customers to keep the assets on their own balance sheets. Critics of the directive say it makes it very difficult for financial institutions to work with crypto companies.

During his veto decision, #Biden said he would not support “any measures that would jeopardize the welfare of consumers and investors.”
“By invoking the Congressional Review Act, this Republican-led decision would inappropriately restrict the SEC's ability to establish appropriate guardrails and address future issues,” Biden said in the statement.

In his statement, #Biden reiterated his previous comments about wanting to work with Congress on legislation addressing the digital asset market and said “appropriate guardrails that protect consumers and investors are necessary.”

Earlier Friday, Sen., a member of Biden's party who voted for the resolution. Ron Wyden (D-Ore.) said at the Consensus 2024 conference that this guidance sets a different standard for crypto than other assets in the financial sector.
$BTC

🚨Important Developments:

🇪🇺The European Central Bank (#ECB ) interest rate decision will be announced on Thursday, June 6, at 15:15.
•Expectation: 4.25% •Previous: 4.50%

🇺🇸US Unemployment Benefit Applications will be announced on Friday, June 7 at 15:30.
•Expectation: - •Previous: 219K

🇺🇸The US Unemployment Rate will be announced on Friday, June 7 at 15:30.
•Expectation: - •Previous: 3.9%

🇺🇸US Non-Farm Employment Data will be announced on Friday, June 7 at 15:30.
•Expectation: - •Previous: 175K
$BTC $ETH $BNB

Frequently Asked Questions About Cardano (ADA) and Ripple (XRP) Found Answered: Is 1 Dollar a Dream?

Ripple's XRP has been showing more strength than Cardano's ADA lately but continues to trade in a bearish range. Although XRP rebounded above $0.5, it remains in a bearish pennant formation, potentially signaling further declines. A Prize Pool Worth 21 Million TL is Awaiting You from BinanceTR! Participating and winning has never been easier. Sign up to BinanceTR from this link and get your first crypto!

The initial expectation was that prolonged consolidation could lead to a significant breakout, but the current market environment shows passive behavior and low trading activity from the bulls. This may cause the stagnant trend to continue.
The price chart on the long-term time frame reveals that XRP has slipped out of the bullish range and is struggling to regain previous levels. Over-consolidation increased the likelihood of a bearish flag forming, potentially leading to a break below the support level at $0.4. While technical indicators such as the Relative Strength Index (RSI) show no significant change, the Moving Average Convergence/Divergence (MACD) is in a bearish trend with low volume, indicating a lack of bullish momentum. Therefore, the possibility of a pullback or continued consolidation outweighs a bullish scenario.

Price movements of Cardano's ADA remained stagnant, causing investors to lose interest. This lack of interest makes it difficult for ADA to regain momentum and reach $1. ADA is consolidating along an ascending trend line at $0.517, just below the 0.5 Fibonacci retracement level. However, the On-Balance Volume (OBV) is in a steep downtrend, which is a potential sign of a continuation of the downtrend. If the bulls remain passive, the price could fall below the trend line, breaking the support below $0.4.
$BTC $ADA $XRP

XRP, BTC and ETH analysis: Will the rise begin?

The cryptocurrency market has left behind a very active month. In May, BTC increased by 11 percent, XRP by 3.40 percent and ETH by 24.83 percent.

The Spot Ethereum ETF agenda has differentiated #ETH from other cryptocurrencies. BTC, shaken by Mt Gox, the US Fed's interest policy and hacking scandals, failed to break the $ 70,000 resistance. XRP, on the other hand, could not make its investors happy.

After all these processes, eyes turned to June. Coinpedia included important details in its chart analysis for XRP, BTC and ETH.

One of the altcoins that crypto investors expected the most and were most disappointed with was XRP. XRP could not make the expected rise in its long-standing upward trend.
Although the lawsuit process with the #SEC continues, #BTC could not reach $ 1 in the scenario where it reached its all-time high. Coinpedia touched on the inadequacy of XRP in its chart analysis for June.

XRP experienced an increase of only 0.25 percent in the past day. The popular altcoin experienced a 3 percent decline and increased volatility last week. XRP, which showed a weak performance compared to other altcoins in May, has lost 15.59 percent in value since the beginning of the year.
According to the analysis, #XRP , 50 and 200-day moving averages act as resistance. This makes the rise of XRP difficult.
MACD, a technical indicator, is trending flat with the average showing a neutral trend. This creates uncertainty about the future mobility of XRP.

If the bulls gain strength, XRP could be seen surpassing the $0.5340 resistance. In this scenario, the $0.60 resistance will play an important role. If the major resistance point at $0.60 is crossed, $0.6575 can be seen.

XRP, which is weakening day by day, may test the $ 0.48 support in a possible decline scenario. #XRP may drop to $0.42 in a short time if this support point is broken.
$BTC $ETH $XRP

🇸🇻El Salvador President Nayib Bukele started his second term today.

•Nayib Bukele said that he will continue to receive 1 Bitcoin every day into the country's cold wallet.

10 American superstars who went bankrupt from crypto.

Cryptocurrencies and NFTs have gained great popularity in recent years. Many celebrities tried to keep up with these trends and launch their own initiatives. Unfortunately, not everything always goes smoothly. Some celebrities faced various penalties and reputational losses as a result of their attempts.

6ix9ine
American new generation rapper 6ix9ine comes up with his unsuccessful #NFT initiative. The famous name launched an Ethereum-based NFT collection via the OpenSea marketplace in May 2022.

Floyd Mayweather
Only 1,687 people own Mayweather's "Floyds World", which launched his NFT collection with 9,935 different pieces in August 2021.

Kim Kardashian
Famous US media personality Kim #Kardashian , who is constantly on the agenda with her social life, had to pay huge fines because of an altcoin she supported.

Snoop Dogg
Legendary US rapper Snopp Dogg became another name that got into trouble by advertising the fraudulent crypto project.

Shaquille O'Neal
An NFT collection, co-owned and promoted by #Shaquille O'Neal, one of the most famous players in basketball history, with his son, disappointed investors.

Lil Uzi Vert
The value of the Eternal Beings NFT collection, which consists of avatars similar to the famous rap artist Lil Uzi Vert, is decreasing nowadays.

Lana Rhoades
Adult movie star Lana Rhoades is another name on the agenda with her unsuccessful NFT initiative. The collection called “Cryptosis”, which Rhoades launched through OpenSea in February 2022, consisted of 543 different pieces.

DJ Khaled
Palestinian-American DJ Khaled came to the fore in 2018 by advertising a fraudulent crypto project.

Mila Kuins
Famous American actress Mila Kuins was subjected to serious sanctions by the #SEC due to her NFT collection initiative called Stoner Cats.

Ozzy Osbourne
The NFT initiative called CryptoBlatz by Black Sabatth's former vocalist, famous music artist Ozzy Obsourne, failed due to hackers defrauding customers.
$BTC

🧙‍♂️On May 31, spot #Bitcoin ETFs recorded net inflows of $48 million.

•#GBTC experienced an outflow of $124 million.

•BlackRock's spot Bitcoin ETF (IBIT) saw inflows of $169 million.

•#Fidelity ETF (FBTC) inflow was 6 million dollars.

•#Bitcoin Spot ETFs have experienced inflows for 14 consecutive days.

Vitalik Buterin Explained the Main Reasons for the Defeat of 'Big Blockchains' in the Bitcoin (BTC) Scaling War.

Vitalik Buterin, creator of #Ethereum addressed the controversial “Bitcoin block size war” of the late 2010s in a recent blog post. Buterin, who once backed “big bloc” supporters, now concedes that the “small bloc” camp’s approach is more sustainable. This discussion centered on how Bitcoin should be scaled, updated, and managed; Supporters of large blocks were advocating hard-fork updates that would increase transaction capacity. However, Buterin thinks that big block supporters do not have the technical competence to effectively realize their vision and therefore fail to replace #Bitcoin .

Buterin noted that the success of small-block promoters is partly due to their technical proficiency and fewer mistakes. He evaluated Jonathan Bier's book "The Blocksize War" from a small block perspective and Roger Ver's book "Hijacking Bitcoin" from a large block perspective. According to Buterin, various Bitcoin implementations proposed by big block supporters were flawed. For example, Bitcoin Classic was not well written and Bitcoin Unlimited was too complicated. Their reputations were also further damaged by the big bloc supporters' alliances with the now discredited Craig Wright.

Despite the victory of small-block supporters, Bitcoin still faces ongoing challenges. Bitcoin Core developer Matt Corralo recently expressed concerns about Bitcoin's future as a peer-to-peer currency, noting the lack of effective scaling solutions without intermediaries. This has reignited discussions about soft fork proposals and the ultimate goals for Bitcoin's development. Buterin argues that the solution to these problems is new technology, not compromise. He highlighted technologies such as ZK-SNARKs, which he sees as a promising solution for both privacy and scaling; this technology was absent from historical accounts of the block size war.
$ETH