Aurelia Butler

On the evening of May 3, Beijing time, a whale mistakenly transferred 1,155 BTC to a phishing wallet address, worth about $71 million at the time. This significant loss serves as a stark reminder of the importance of security in the crypto world.The hacker monitored the whale’s blockchain activity and saw the whale create a new address. The hacker then generated a similar address to the one the whale created and conducted a small transaction to include this phishing address in the transaction history. When the whale saw the phishing address in their transfer history, they mistakenly copied it, thinking it was their own address. The hacker monitored the phishing address and, upon receiving 1,155 BTC, quickly transferred the funds to a new address.This incident shows that the hacker was well prepared and used significant computational power, likely indicating an organized effort rather than an individual. The speed and precision of the attack suggest automated scripts were used, and the hacker had access to considerable resources.To protect your digital assets, create private keys and mnemonic phrases offline and store them securely offline. Use hardware wallets for additional security, but ensure you back up your private keys.If you suspect your private key or mnemonic phrase is compromised, replace them immediately and transfer your assets. Store transfer addresses in an address book with notes and avoid copying addresses temporarily. Always perform small test transfers and confirm success with the recipient before large transactions.For large transfers, consider splitting them into multiple smaller transactions. Avoid clicking on transfer links or online transactions sent by others, and always verify links and addresses independently. For larger fund management, consider using multi-signature methods to add an extra layer of security.This article was originally published on U.Today More

Less than an hour ago, Taleb revealed the title of his next book and what it will be about in a post published on the X social media platform. Taleb is also a major Bitcoin critic who came to it all the way from adoring BTC.Taleb shared that his next book will be called The Lydian Stone (also known as the “touchstone”) that is a flint stone that was used by ancient peoples to verify the quality of silver and gold. As for the subject of this new book, the scholar wrote that it will be “partly on how humans get confused by sequences.” “It also maps to the arrow of time and Entropy.”Three years ago, Taleb made a loud reverse from Bitcoin, turning into a BTC critic. He tweeted that he had begun selling his BTC. One of the reasons for that was its high volatility and he stated that a currency cannot be more volatile than things you buy with it. He also stated that Bitcoin for him had failed to work as a store of value. Since then, he has been constantly criticizing BTC on his X account and once even referred to it as a tumor.Considering the large amount of critiques he has poured on Bitcoin, the odds are that Taleb could mention Bitcoin in his new book.This article was originally published on U.Today More

First, the recent release of CPI data has sparked a broad breakout across risk assets. Bitcoin swiftly rebounded above the $66,000 threshold, signaling renewed investor confidence and a shift toward risk-on sentiment.Second, QCP Capital’s analysts project a continuation of this upward trajectory, foreseeing a potential return to the $74,000 highs. This projection is supported by notable market activity, including substantial purchases of $100,000-$120,000 per BTC call options for December 2024.Third, institutional interest in Bitcoin remains robust, with major asset managers like Millennium Management and Schonfeld allocating significant portions of their assets under management to spot Bitcoin ETFs. Recent filings underscore this trend, revealing Millennium Management’s $2 billion exposition through such solutions.Moreover, a convergence of factors, including widespread sovereign and institutional adoption, diminishing inflation concerns and the anticipation surrounding upcoming U.S. presidential elections, further bolsters the case for bullish momentum.As market observers speculate on the future of this breakout, there is growing anticipation regarding the potential resumption of the bull market for Bitcoin.Should this trend persist, it could pave the way for BTC to eclipse its previous all-time high at $74,000, presenting enticing prospects for investors seeking to capitalize on the potential upward trajectory.This article was originally published on U.Today More

Margex, a cryptocurrency trading platform boasting ultra-convenient and user-friendly copy trading, is excited to announce Kaspa deposit and withdrawal. Kaspa is a blockchain technology that uses a proof-of-work (PoW) consensus mechanism and BlockDAG architecture to improve the scalability and validation of transactions within the shortest possible time at a low cost. Margex is excited to announce its support for the Kaspa network, facilitating instant deposits and withdrawals. Users can now trade Kaspa tokens, alongside other listed tokens while also having the option to utilize leverage. Margex is committed to providing its users with the best trading experience. $3 Million Spent on Margex Platform UpgradeAdditionally, Margex has spent $3 million redesigning its platform, introducing a zero-fee converter to enhance the user’s trading experience. The platform also allows users to explore the copy trading feature to replicate the trades of experienced traders. Margex plans to launch its ultra-modern wallet to help users have complete control and secure their assets within the platform. About MargexMargex is a boutique cryptocurrency exchange established in 2019, providing users access to a safe, powerful, and convenient copy trading platform. Margex copy trading makes trading simple yet effective for traders of any experience level.Users of all types can replicate the trades of professional traders with no experience required, while skilled traders can earn income by allowing other users to copy successful strategies. With a minimum deposit of $10, traders can access all of Margex’s copy trading functionality, as it remains the most user-friendly platform in the crypto industry. Users can follow Margex on Facebook (NASDAQ:META), Twitter, Telegram, Discord, and YouTube, or join the Margex teamContactHead of CommunicationsAlsu [email protected] article was originally published on Chainwire More