Day: February 21, 2023

Maximize Your Crypto Wallet with LYOTRADE Exchange

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LYOTRADE is a cryptocurrency exchange platform that aims to provide a comprehensive and convenient trading experience for its users. The platform has been designed to cater to the needs of both novice and experienced traders, offering a wide range of features and tools that cater to their specific requirements. In this article, we will take a closer look at LYOTRADE and explore some of the key features that make it stand out from other cryptocurrency exchanges in the market. One of the key features of LYOTRADE is its ease of…

BingChatGPT ‘pump and dump’ tokens emerging by the dozen: PeckShield

Blockchain security firm PeckShield has raised the alarm after finding dozens of tokens purporting to be related to artificial intelligence (AI) powered chatbot ChatGPT. “In a Feb. 20 post, the firm revealed at least three “BingChatGPT” tokens appear to be part of honeypot schemes — a smart contract that tricks a user into sending Ether (ETH), which the attacker then traps and retrieves. Some of the addresses reportedly associated with the BingChatGPT tokens. Source: PeckShield According to PeckShield, at least two of the tokens identified have already lost nearly 100% of…

BingChatGPT ‘pump & dump’ tokens emerging by the dozens: Peckshield

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Blockchain security firm Peckshield has raised the alarm after finding dozens of tokens purporting to be related to artificial intelligence (AI) powered chatbot ChatGPT. In a Feb. 20 post, the firm revealed at least three “BingChatGPT” tokens appear to be part of honeypot schemes — a smart contract that tricks a user into sending Ethereum (ETH), which the attacker then traps and retrieves. Some of the addresses reportedly associated with the BingChatGPT tokens. Source: PeckShield According to Peckshield, at least two of the tokens identified have already lost nearly 100% of…

Hong Kong’s crypto ambition gets subtle nod from Beijing: Report

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Hong Kong’s ambition of becoming a cryptocurrency hub is reportedly seeing subtle support from the Chinese government, in what could be seen as a contrast to the mainland’s hard-line anti-crypto stance.  In October last year, the government of Hong Kong floated the idea of introducing its own bill to regulate crypto and allow retail investors to “directly invest into virtual assets” that could possibly be in contrast to China’s widespread crypto ban. According to people familiar with the matter, Beijing officials have not been brazenly opposed to the idea. According…

Crypto Scam Revenue Dropped 46% in 2022 – Featured Bitcoin News

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Revenue from cryptocurrency scams dropped 46% in 2022, according to blockchain data analytics firm Chainalysis. “We attribute most of this decline to market conditions, as scam performance tends to worsen when cryptocurrency prices are in decline,” the firm explained. ‘Crypto Scam Revenue Fell Significantly in 2022’ Blockchain data analytics firm Chainalysis published its 2023 Crypto Crime Report last week with a section on crypto scams. “Crypto scam revenue dropped 46% in 2022,” the 109-page report reads, elaborating: Crypto scam revenue fell significantly in 2022, from $10.9 billion the year prior…

US regulatory crackdown leads to $32M digital asset outflows: CoinShares

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Institutional investors may have gotten the jitters on crypto in the wake of the regulatory crackdown in the United States, with digital asset investment products seeing the largest weekly outflow of 2023.  On Feb. 20, institutional crypto fund manager CoinShares reported that digital asset investment products saw outflows totaling $32 million last week, the largest outflow of the year. This week in Fund Flows, by our Head of Research @jbutterfill : Digital assets see US$32m in outflows, but rising prices push AuM to highest since August 2022. Read the full…

Ordinals Litecoin fork took one week and was ‘quite simple,’ says creator

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A small monetary bounty and an aptitude for coding were all it took to fork the Ordinals protocol to the world’s second-ever cryptocurrency network, Litecoin (LTC) earlier this week, its creator told Cointelegraph. On Feb. 18, an Australian software engineer by the name of Anthony Guerrera posted a repository to GitHub that forked the Bitcoin (BTC) Ordinals protocol to Litecoin. This allowed for nonfungible token (NFT)-like assets on the Litecoin network in much the same way it had made it to Bitcoin earlier in the year. In an interview with Cointelegraph, Guerrera…