Day: December 15, 2022

Coinbase launches tool to recover ‘mistakenly sent’ ERC-20 tokens

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Major cryptocurrency platform Coinbase has offered an asset recovery tool for users who “mistakenly send unsupported tokens” to exchange addresses. In a Dec. 15 announcement, Coinbase said users who sent any of roughly 4,000 ERC-20 tokens to a Coinbase address could recover their previously unrecoverable funds by providing “the Ethereum TXID for the transaction where the asset was lost and the contract address of the lost asset.” The exchange said certain ETC-20 tokens including Wrapped Ether (wETH), TrueUSD (TUSD), and staked Ether (STETH) would be eligible for recovery, with a…

Crypto Exchange Gemini Suffers From Data Breach, 5.7 Million Emails Allegedly Leaked – Bitcoin News

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According to a recent report, the cryptocurrency exchange Gemini suffered from a breach of data and reportedly 5.7 million emails were leaked. While Gemini has stated “some Gemini customers have recently been the target of phishing campaigns,” the exchange insisted that “no Gemini account information or systems were impacted.” Gemini Suffers From ‘Third Party’ Associated Customer Data Leak, Report Claims Documents Show 5.7 Million Accounts Affected On Dec. 14, 2022, the crypto news outlet Cointelegraph published a report that claims “5,701,649 lines of information pertaining to Gemini customers” have been…

Top 3 High-Risk, High-Reward Cryptocurrencies: Flow, Hedera Hashgraph, and Big Eyes Coin

Place/Date: – December 15th, 2022 at 3:01 pm UTC · 4 min read Source: Big Eyes Coin Photo: Big Eyes Coin There is a lot of volatility in the cryptocurrency market, and price changes frequently happen, making it challenging to keep up. This is incredibly annoying for risk-averse investors who prefer only to put their money to use when they know they can count on a high rate of return and a high probability of benefit. But many traders want to take chances, so they put their money into cryptocurrencies,…

Binance Coin Facing Sell Pressure? Mithril Requests 200k BNB

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In an announcement today, Binance declared that based on recent reviews, it has decided to delist the Mithril (MITH), Tribe (TRIBE), Augur (REP) and Bitcoin Standard Hashrate Token (BTCST) tokens on December 22, 09:00 (UTC) and cease trading on all trading pairs. As stated in a blog post about the matter, Binance periodically reviews the standards for a listing on the exchange. If a token no longer meets that standard, “we will conduct a more thorough review and potentially delist it,” Binance declared. Factors in the review include the team’s…

The Art World Underestimates the Power of NFTs

With this change in the commission set up, there will also be a change in the power structures: Similar to the entertainment industry in the 1930s, the power in the art world will shift from the distribution channel (galleries) to the creators (artists). And with more independence for artists also comes more responsibilities. In a world where collectors communicate directly with the artists, who is selling the works, then, when the artist is busy creating? In order to sustain this shift, artists will need to become more entrepreneurial and learn…

Self-Custodial Onboarding Will Be the Norm in Web3’s 2023

Let’s face it, crypto still has a reputation problem and, as of now, rightfully so – but 2023 is the moment to change that at a root level. Recent events have only accentuated a lack of trust in the space from both businesses and consumers. The worst part is that this has been due to counterparty risk, a problem that crypto is meant to bypass by design. Source

Should crypto projects ever negotiate with hackers? – Cointelegraph Magazine

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“A highly profitable trading strategy” was how hacker Avraham Eisenberg described his involvement in the Mango Markets exploit that occurred on Oct. 11. By manipulating the price of the decentralized finance protocol’s underlying collateral, MNGO, Eisenberg and his team took out infinite loans that drained $117 million from the Mango Markets Treasury.  Desperate for the return of funds, developers and users alike voted for a proposal that would allow Eisenberg and co. to keep $47 million of the $117 million exploited in the attack. Astonishingly, Eisenberg was able to vote…

Project alleges unreturned listing deposit as Binance announces delistings

On Dec. 15, cryptocurrency exchange Binance announced that four tokens — Mithril (MITH), Tribe (TRIBE), Augur (REP) and Bitcoin Standard Hashrate Token (BTCST) — would be delisted from the exchange effective Dec. 22 due to not meeting the “high level of standard we expect.” Immediately after the announcement, decentralized social media protocol Mithril, whose token had a market capitalization of less than $10 million at the time of publication, posted the following statement on Twitter: “Today, Binance has announced that it will delist MITH. As part of the MITH listing, Binance…