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Showing posts with the label million

Crypto insider turns $600 into $2.5 million of unrealized profits

A crypto insider has made over $153,000 of realized profits in 15 hours, trading in the Solana (SOL) ecosystem. The cryptocurrency trader started with a purchase worth $600 and currently holds over $2.5 million worth of VibeCat (Minette). Interestingly, the address purchased the tokens at the same block VibeCat’s developer added the initial liquidity to the decentralized exchange. This is a solid indicator of inside trading, considering Solana blocks have an interval of 400 milliseconds. As developed, the crypto insider withdrew 3.89 SOL from Binance, worth $600. With this initial amount, the address bought 2.46 Minette less than a second after its creator deposited the first available liquidity for trade. Picks for you Bull rally incoming as Ethereum whale stacks over $32M in ETH since May 17 mins ago We asked ChatGPT what will be SHIB price in 2025; Here’s what it said 2 hours ago R. Kiyosaki's stark warning: Stop living in Disneyland and prepare ...

Cryptocurrency investor loses $70 million in six hours: Address poisoning attack

A cryptocurrency investor has fallen victim to an address poisoning attack, resulting in a staggering loss of $70 million worth of Wrapped Bitcoin (WBTC). The incident, which unfolded over the course of around six hours, has sent shockwaves through the cryptocurrency community. According to a post by Lookonchain on the X, the unfortunate investor created a new address, “0xd9A1b0B1e1aE382DbDc898Ea68012FfcB2853a91,” and transferred a small amount of Ethereum (ETH), approximately 0.05 ETH, to this newly generated destination. Crazy! Someone lost 1,155 $WBTC($71M) due to a phishing attack . How did it happen? 6 hours ago, this guy created a new address" 0xd9A1b0B1e1aE382DbDc898Ea68012FfcB2853a91" and transferred 0.05 $ETH to this new address. A scammer generated an address with the same starting… pic.twitter.com/iiFloZBTga — Lookonchain (@lookonchain) May 3, 2024 This observed behavior is common in the decentralized finance (DeFi) space, mainly due to t...

Crypto traders lost $100 million in 4 hours as the market crashed

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Crypto traders have lost over $100 million in the last four hours of this writing amid leverage position liquidations. The cryptocurrency market crashed by nearly $100 billion in capitalization since April 29’s opening, triggering these liquidations. Following a high-volatility event, crypto traders registered $101.39 million in losses in a 4-hour time frame. In particular, $96.62 million were from long-position liquidations, drastically punishing the bulls as cryptocurrencies trembled. Finbold retrieved this data from CoinGlass on April 30 at 13:00 UTC. Notably, Ethereum (ETH) led the losses with $28.47 million worth of collateral compulsively sold in exchanges, while Bitcoin (BTC) has slightly less than $20 million in liquidations in the same 4-hour period. Picks for you Promising Ethereum tokens to invest in May 2024 26 mins ago Cardano price prediction after whale activity explodes 44 mins ago Professional trader warns of ‘catastrophic’ market cras...

Bitcoin miners scooped $100 million for record daily revenue

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Bitcoin (BTC) miner s have achieved a new revenue milestone from validating transactions, following the 2024 halving. As Bitcoin fees surge, these miner s are making high earnings, sparking discussions about the future dynamics of the network. Following the recent Bitcoin halving on April 20, 2024, miner revenue surged to an all-time high of $106.7 million , with 75.444% of it stemming from network transaction fees. This highlights a pivotal shift in miner compensation strategies post-halving. Percent Miner Revenue from Fees. Source. Glassnode Surge in revenue amidst reduced block rewards The recent halving, which took place on April 20, 2024, drastically reduced the block reward from 6.25 to 3.125 Bitcoin. This strategic adjustment is designed to slow the increase of the total Bitcoin supply, which is capped at 21 million coins. Picks for you SHIB key support and resistance levels to watch this week 3 mins ago Buy signal for two strong cryptocurrencies this ...

Newsweek doxxed Dorian Nakamoto as Satoshi and made him millions

On March 6, 2014, Newsweek published a piece postulating that Dorian Nakamoto was Satoshi Nakamoto, the creator of Bitcoin. This week, 10 years on from the publication of that article, reporters have returned to check in on Dorian’s life. Although Dorian has categorically denied being Satoshi , he’s still received considerable support from the Bitcoin community. A funny photograph of Dorian’s ‘not me’ facial expression has proliferated as a meme and there’s a Rare Pepe card of Dorian’s face — one of the first NFTs on Bitcoin , minted on Counterparty in 2016 — which has resold for hundreds of thousands of dollars. Of course, there are a few people who still believe he’s Satoshi. Why people believed Dorian Nakamoto was Satoshi There were many peculiarities about Dorian that prompted Newsweek reporter Leah McGrath Goodman to name him Bitcoin’s “mystery man behind the cryptocurrency.”  Not least of all the fact that Dorian’s middle name...

‘Rich Dad’ Kiyosaki warns this asset will ‘toast millions of 401ks and IRAs’

As part of his persistent cautionary stance on an impending financial crisis, Robert Kiyosaki, the author of the best-selling finance book ‘Rich Dad Poor Dad ,’ has offered insights into investment products poised to suffer the most in a crash. In a post on X (formerly Twitter) dated December 11, Kiyosaki delivered a stark warning concerning the potential fate of million s of retirement accounts. While issuing this caution, the financial educator acknowledged that his previous predictions regarding financial crises have often been criticized and ridiculed. Undeterred by past skepticism, Kiyosaki asserted that the next financial casualty would be the S&P 500, spelling trouble for million s of 401(k)s and IRAs linked to the index. “People are still laughing at those 1997 predictions. Watch for my next warning. The S & P is next, which will toast millions of 401ks and IRAs. Take care,” he warned.  Cryptocurrency Bitcoin in danger as...