Day: January 2, 2023

$62M crypto stolen in Dec was the ‘lowest monthly figure’ in 2022: CertiK

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Cryptocurrency hackers and exploiters seemingly slowed down for the 2022 holidays as December saw $62.2 million worth of cryptocurrencies stolen, the “lowest monthly figure” of the year, according to CertiK. The blockchain security company on Dec. 31 tweeted a list of the month’s most significant attacks. It highlighted the $15.5 million worth of exit scams as the method that stole the most value over the month, followed by the $7.6 million worth of flash loan-based exploits. #CertiKStatsAlert Combining all the incidents in December we’ve confirmed ~$62.2M lost to exploits, hacks…

Ethereum Price Faces Hurdles, Why ETH Is Vulnerable Below $1,250

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Ethereum is trading in a range below $1,250 against the US Dollar. ETH could continue to move down below if it stays below the $1,220 resistance. Ethereum is still trading in a range below the $1,200 and $1,220 resistance levels. The price is now trading below $1,200 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $1,195 on the hourly chart of ETH/USD (data feed via Kraken). The pair remains at a risk of a fresh decline if it stays below…

IMF Warns of Tough Year Ahead for World Economy Citing Slowdown in US, EU, China – Economics Bitcoin News

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The International Monetary Fund (IMF) has warned that 2023 will be a tougher year for most of the world economy because the U.S., EU, and Chinese economies are all slowing down simultaneously. “We expect one-third of the world economy to be in recession … Even countries that are not in recession, it would feel like recession for hundreds of millions of people,” said IMF chief Kristalina Georgieva. IMF’s 2023 Economic Predictions International Monetary Fund (IMF) Managing Director Kristalina Georgieva shared the IMF’s predictions on the U.S., the EU, China, and…

Bitcoin core developer claims to have lost 200+ BTC in hack

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One of the original core developers behind Bitcoin (BTC), Luke Dashjr, claims to have lost “basically” all his BTC as a result of a hack that occurred just before the new year.  In a Jan. 1 post on Twitter, the developer said the alleged hackers had somehow gained access to his PGP (Pretty Good Privacy) key, a common security method that uses two keys to gain access to encrypted information. In the thread, he shared a wallet address where some of the stolen BTC had been sent but did not reveal…

Bitcoin Price Consolidates In Key Range, What Could Trigger Next Move

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Bitcoin price is still facing resistance below $17,000. BTC could decline heavily if there is a clear move below the $16,000 support zone. Bitcoin is still showing bearish signs below the $16,800 and $17,000 resistance levels. The price is trading above $16,500 and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $16,550 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could resume its decline if there is a clear move below the $16,000…

LogOn: Texas Town Welcomes Bitcoin Mining

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io A rural town in central Texas is home to the largest bitcoin mining facility in North America, bringing jobs and a renewed vitality to … ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

Check your smart contract approvals

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On the back of the worst year for crypto hacks and exploits, the crypto community has given some advice to newbie investors going into 2023 — check your smart contract approvals and revoke access regularly. Reddit user 4cademy posted their advice to the r/CryptoCurrency subreddit on Jan. 1, noting that they had approved a slew of smart contracts over a two-year period and “thought it was time to check my approved smart contracts.” They found “nearly all” of their approvals were for “unlimited amounts,” which spurred them to revoke approvals for all smart…