Tag: Community

Community hails industry milestones, expresses gratitude

boss

As crypto community members celebrated Thanksgiving, many expressed gratitude for the progress made in the digital asset space over the years.  From comparing price points for Bitcoin (BTC) and Ether (ETH) in 2022 to sharing their Thanksgiving conversations about BTC, crypto users exchanged their musings on X (formerly Twitter) for the holiday. Animoca Brands executive chairman Yat Siu reminded his followers that there is “much to be grateful for.” Siu posted ETH and BTC prices a year ago and compared them with current market prices. The executive also mentioned Web3’s…

Shiba Inu Community Project Calls Out Founders For Refusing To Burn 103 Trillion SHIB

boss

Shiba Inu (SHIB) burn tracker, Shibburn, has called out the creator of the meme coin, who goes by the pseudonym “Ryoshi”. The community project seemed to suggest that Ryoshi wasn’t acting in the best interest of the SHIB ecosystem.   How “Ryoshi” Has Hampered SHIB’s Burn Rate In a series of posts on their X (formerly Twitter) platform, Shibburn alleged that the founders of the token haven’t always been honest in their dealings. Specifically, the platform suggested that the founders have forestalled the token’s burn rate by refusing to burn over…

Milei presidential victory fuels optimism in Argentina’s Bitcoin community

boss

After a long and dramatic presidential race, libertarian candidate Javier Milei triumphed in Argentina’s presidential election on Nov. 19. Milei promises to abolish the country’s central bank, among a slew of other radical policy changes capturing the attention and imagination of the crypto community. With 99% of the vote counted on Sunday, Nov. 19, Milei was declared the winner. The flamboyant politician secured the favor of 55% of the electorate, with three million more ballots to his name than rival Sergio Massa. Fernando Nikolić, an Argentine Bitcoin (BTC) advocate and…

Binance $3.9B USDT move gains community attention amid DoJ settlement claims

boss

Crypto community members on X (formerly Twitter) have turned their focus onto a $3.9 billion Tether (USDT) transaction between Binance wallets that surfaced on social media, following reports claiming that the United States Justice Department is negotiating a $4 billion settlement with the company.  On Nov. 20, a Bloomberg report citing anonymous sources said that the Justice Department is negotiating an agreement with crypto exchange Binance requiring the company to pay $4 billion in fines. Once paid, the firm will be allowed to operate in the U.S. while complying with…

Crypto community responds to Kraken lawsuit, Deaton slams ‘dishonorable’ Gensler

boss

The crypto space has been making its feelings known about the latest blow from regulators in the United States, a lawsuit filed by the Securities and Exchange Commission (SEC) against crypto exchange Kraken.  The lawsuit was filed on Nov. 20 based on the SEC’s allegations that Kraken has been operating as an unregistered exchange, broker, dealer and clearing agency and claiming that it is mixing customer assets with its own. Since the news broke, the crypto community on social media, Kraken executives and prominent lawyers have been vocal in expressing their…

Yearn.Finance token tumbles 43%, community speculates on exit scam

boss

Yearn.Finance’s governance token (YFI) plummeted over 43% in just five hours on Nov. 18 after rallying almost 170% early in the month, stirring fears about a possible exit scam.  During the dramatic drop in value, over $300 million was wiped out in market capitalization from November’s gains, according to data from CoinMarketCap. At the time of writing, the YFI token is trading at $9,069 from $14,185 a day before. However, the token is still up 83% over the past 30 days. The sell-off has triggered another weekend of fear, uncertainty…

BlackRock ETH ETF helps price past $2k; community sees BTC ETF as ‘done deal’

boss

The world’s largest asset manager filed for a spot Ether (ETH) exchange-traded fund (ETF) on Nov. 9, four months after filing for a spot Bitcoin ETF. BlackRock’s filing helped ETH prices soar past $2,000 for the first time in over a year. BlackRock’s intention to file for an Ethereum spot ETF had a bullish effect on the crypto market, helping ETH to get past the critical resistance of $2,000 for the first time in six months. ETH price chart. Source: TradingView Apart from ETH, other altcoins also saw significant gains…

Monero’s community wallet loses all funds after attack

boss

A recent attack compromised Monero’s community crowdfunding wallet, wiping out its entire balance of 2,675.73 Monero (XMR), worth nearly $460,000. The incident took place on Sept. 1 but was only disclosed on GitHub on Nov. 2 by Monero’s developer Luigi. According to him, the source of the breach has not been identified yet. “The CCS Wallet was drained of 2,675.73 XMR (the entire balance) on September 1, 2023, just before midnight. The hot wallet, used for payments to contributors, is untouched; its balance is ~244 XMR. We have thus far…

Apple MacOS malware targets crypto community and engineers

boss

A new malware discovered on Apple’s macOS — tied to the North Korean hacking group Lazarus — has reportedly targeted blockchain engineers of a cryptocurrency exchange platform. The macOS malware “KandyKorn” is a stealthy backdoor capable of data retrieval, directory listing, file upload/download, secure deletion, process termination and command execution, according to an analysis by Elastic Security Labs. MacOS malware (REF7001) execution flow. Source: elastic.co The above flowchart explains the steps taken by the malware to infect and hijack users’ computers. Initially, the attackers spread Python-based modules via Discord channels…

Keep your community engaged with these 12 tips

boss

The members of a community of any type want to feel like they’re involved, connected and part of something that’s genuinely unique and valuable. That’s certainly true of the communities that support nonfungible token projects.  And it’s not just about a “warm and fuzzy” feeling. A healthy, engaged community can not only provide valuable feedback and long-term investors for NFT project leaders, but its members can also generate buzz, leading to increased demand and, optimally, driving up the value of their investments. Through their own initiatives, they can even grow…