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🔍Bahrain-based crypto exchange Rain was hit by a $14.8M hack at the end of April, according to blockchain detective ZachXBT. The stolen funds, 137.9 BTC and 1,881 ETH, have been inactive since the exploit. 🕵️‍♂️ Rain's "pro" version, an advanced trading platform, has been intermittently down since May 5. Last year, crypto investors lost $2B to hacks and exploits across the industry, with an additional $333M stolen in Q1 this year. 😮 Rain, licensed to operate a virtual asset brokerage and custody service in the UAE since 2023, has yet to comment. What are your thoughts on this? How can exchanges better protect their platforms and users? Let's discuss! 💬👇 #CryptoNews #Blockchain

🔍Bahrain-based crypto exchange Rain was hit by a $14.8M hack at the end of April, according to blockchain detective ZachXBT. The stolen funds, 137.9 BTC and 1,881 ETH, have been inactive since the exploit. 🕵️‍♂️

Rain's "pro" version, an advanced trading platform, has been intermittently down since May 5. Last year, crypto investors lost $2B to hacks and exploits across the industry, with an additional $333M stolen in Q1 this year. 😮

Rain, licensed to operate a virtual asset brokerage and custody service in the UAE since 2023, has yet to comment.

What are your thoughts on this? How can exchanges better protect their platforms and users? Let's discuss! 💬👇 #CryptoNews #Blockchain

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🚀Big news in the crypto world! The SEC has approved 19b-4 forms filed by issuers looking to launch a spot ether ETF, marking a significant step forward. But hold your horses, it's just the first of two major steps. S-1 forms, necessary for publicly offering new securities, still need the green light.🚦 Grayscale, BlackRock, Fidelity, VanEck, Franklin Templeton, Ark/21Shares, and Invesco/Galaxy are among potential issuers. While this approval suggests regulators are warming up to spot ether ETFs, it doesn't guarantee the final S-1 forms will be approved. The industry was rocked earlier this week when issuers were asked to update their 19b-4 filings ahead of the SEC’s deadline to approve or deny one of the issuers, VanEck’s filing. The odds were low, but hey, we're here now! What do you think? How soon will we see these ETFs trading? Let's chat in the comments! #CryptoNews #EtherETFs
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🎉Big news for the crypto world! The U.S. House voted 279 to 136 to pass the Financial Innovation and Technology for the 21st Century Act (FIT21), marking the furthest any crypto-focused legislation has made it thus far in the U.S.🇺🇸 If passed, FIT21 would set up a regulatory framework for digital assets, helping to define when a token is a security or commodity. However, not everyone is thrilled. Critics argue that it doesn't shift power away from the SEC, instead creating a dual regulatory regime split between the SEC and CFTC. Some even say the bill is essentially a way for the government to sanction activities that the industry has already been doing without permission. Yet, many in the crypto industry see the bipartisan vote as a symbolic win for crypto, perhaps a sign of a brighter future.🌞 What's your take on FIT21? Do you think it's a step forward or a potential setback? Let's discuss! #CryptoNews #FIT21
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🔥Hot off the press! The U.S. House of Representatives has voted to prevent the Federal Reserve from issuing a central bank digital currency (CBDC). The CBDC Anti-Surveillance State Act, introduced by Majority Whip Tom Emmer, seeks to halt the development of a digital dollar.🚫💵 While Republicans worry about potential control over Americans, Democrats argue that the concerns are overblown and a ban would stifle public sector innovation and research. The vote saw 213 Republicans and three Democrats for the bill, with 192 Democrats against. Interestingly, this comes just a day after a crypto market structure bill, FIT21, received bipartisan support, marking a significant moment for the crypto industry.🎉📈 However, both bills seem to be headed for a standstill in the Senate. What's your take on this? Let's discuss in the comments! #crypto #CBDC #USPolitics
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🚀Blockchain's growth is undeniable, but is its audience keeping up? As crypto sheds its fringe status, it's time to address the role of critics and influencers. They're not just sideline observers; they shape perceptions, influence decisions, and drive market trends. 🎙️Platforms like X, Telegram, and Discord, along with crypto influencers, have become vital to many Web3 projects. Elon Musk's posts on X about cryptocurrencies consistently impact the market, showing the amplified influence of outside voices. 📈The benefits? Social platforms have become breeding grounds for new projects to grow by authentically inserting themselves into crypto discussions. TAG Heuer, for example, used X to launch its move into Web3, causing NFTs to rise to fifth on the list of interests of the brand’s followers on X. 🛡️However, crypto's online culture makes it susceptible to trolls. Crypto communities often become defensive or resistant to critiques that challenge their interests. But not every critic is a troll; constructive criticism can foster innovation and drive collaboration. 💡One way to address negative feedback is to put business founders in front of their audience. Virtual AMA sessions through platforms such as Telegram, Reddit, X, and YouTube allow project leaders to interact with community members, address concerns, and showcase their value. 🌐The shift in the regulatory interest of financial institutions shows that crypto builders should listen to and acknowledge their users' feedback. By fostering familiarity and trust, the crypto ecosystem can transcend its reputation, paving the way for widespread adoption and growth. What's your take? Are critics and influencers driving the crypto industry forward or holding it back? Let's discuss! #Crypto #Blockchain #Web3
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🚀Web3 marketing is currently too focused on hype and not enough on true users! Let's change that. MarketingFi, a new approach to Web3 marketing, is all about rewarding engaged users, not just anyone who likes a tweet. 🎯 🤖Airdrops, a popular Web3 marketing trend, often end up in the hands of bots, not real users. We need to shift our focus to quality over quantity. How? By using data-driven decisions to reward those who truly contribute to projects.💡 🗣️KOL marketing is another area that needs improvement. Too often, projects onboard shillers who bring initial hype but not long-term engagement. Let's use analytics to identify true KOLs who can bring real value to our projects.🔍 🤝Web3 marketing should be about co-creation and co-ownership. If our users hold our tokens, they're invested in our success. Let's pass our marketing budgets onto them, so they can help us attract more quality users.🌱 📣Let's start a conversation about how we can make Web3 marketing more effective and user-focused. Share your thoughts below!👇 #Web3 #MarketingFi #Blockchain Note: This summary is based on an op-ed from CoinDesk's Web3 Marketing Week. The views expressed do not necessarily reflect those of CoinDesk, Inc. or its owners and affiliates.
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