Crypto Mountains

2024-01-17 20:00:05 FREE CRYPTO SIGNALS UNTIL 21st OF JANUARY | 80-90% ACCURACY https://t.me/cashcowcrypto Open / Comment

2024-01-17 16:00:45 BRN Metaverse is currently being discussed by everyone and is a project with the potential to be the new AXS. BRN Metaverse serves the WEB3, GameFi, and AI ecosystems. It is one of the rare projects that has made the first pre-sale with WEB3, built a stake platform with web3 on its website, and is designing a more secure area where everyone can log in with their decentralized wallets against telegram with WEB3 this year.

When we look at the roadmap for this year, we are faced with very strong news. In Q1, they are reducing their supply of 229M to 199M by burning and dropping to 30M, and their circulating supply is 22M. While projects with 30M supply are priced from $40, $BRN is only at the $0.55 level and has the potential to cover much more ground this year. In 2 months, they are opening the closed betas of their #GameFi games. Instead of giving tokens like their competitors in the game, they have MMO game models with a system that prevents the price of the project from falling by directly giving the rewards in USDT. The graphics of their games are very high level. I think they will bring a new perspective and revolution to the GameFi industry.

BRN will make a lot of noise this year, so it will be beneficial to add to the baskets. I am happy to have discovered a project that is at the beginning of its journey and jumped on the train. $BRN is currently available on Mexc, Gateio, Bitmart, and XT exchanges. I expect it to be listed on much larger exchanges this year.
You can reach all social media connections from brntoken | Twitter, Instagram, Facebook | Linktree . Open / Comment

2024-01-16 18:02:10 South Korea Seeks Regulation Against Crypto Mixers Citing Illegal Use Cases

South Korean regulators seek to introduce new laws that would sanction the use of cryptocurrency mixers in the country to curb the rate of illicit financial activities. According to local news outlets, the Financial Intelligence Unit is considering rolling out new regulations similar to those of the United States for digital asset mixing services.

The reasons given for the incoming regulations are due to abuse of the service from bad actors engaging in money laundering and other illegal services. Officials from the agency say this is a growing concern because there is currently no law to sanction the activities of mixers in the country.

As a result, the financial watchdog revealed that the need to restrict and cover transactions by coin mixers is being discussed, adding that talks began in South Korea when the United States took action against digital assets mixing services.

Per the report, mixers have limited authorities from tracing stolen funds of several hackers as they move them around on exchange without the platforms being able to flag them. Open / Comment

2024-01-13 18:02:01 US Congressional Committee Demands SEC Briefing on Misleading Bitcoin ETF Information on X

A group of Republican lawmakers from the US House Financial Services Committee has urged Securities and Exchange Commission (SEC) Chairman Gary Gensler to address inquiries concerning the hack of the agency’s X account on January 9, 2024.

In a press release on January 10, the committee stated that it had dispatched a letter to the SEC demanding a comprehensive briefing to be provided by January 17, 2024.

The inquiry stemmed from a tweet posted on the SEC X account on January 9, falsely claiming the approval and listing of Bitcoin ETFs on all registered national securities exchanges.

The misleading post gained widespread traction on business news websites, Bloomberg TV, and various social media platforms until Chairman Gensler clarified that the agency’s account had been compromised.

The committee’s letter stressed the critical connection between the SEC’s ability to fulfill its mission, which includes investor protection, fair and efficient markets, capital formation, and effective communication with market participants. Open / Comment

2024-01-10 18:01:07 Controversy Arises as Genesis Creditors Challenge DCG’s Claim of Full Debt Repayment

Digital Currency Group (DCG) is facing allegations from an ad hoc group of lenders, claiming that DCG has not fulfilled its repayment requirements to its bankrupt subsidiary, Genesis Global.

Despite DCG’s recent announcement on X that it had fully repaid short-term loans from Genesis, the lenders assert that DCG entities still owe significant sums in both USD and BTC. Genesis and other debtors claim that DCG owes an undetermined amount of bitcoin, along with $26 million in interest and late fees, as specified in the repayment agreement and master loan agreements.

The lenders allege that DCG transferred $189 million in US dollars, along with the relinquishment of certain ETHE (Grayscale Ethereum Trust) shares and illiquid ETCG (Grayscale Ethereum Classic Trust) shares, purportedly to settle its BTC obligations.

However, Genesis claims it cannot determine the outstanding bitcoin obligations until it sells the ETHE and ETCG and converts the proceeds into bitcoin, with the associated costs to be borne by DCG.

As of early December, ETCG was trading at a 69% discount to its net asset value, and ETHE was trading at a 50% discount. These funds, not approved by the US Securities and Exchange Commission, are sold over the counter. The creditors anticipate a true accounting after monetizing ETCG and ETHE shares, with the proceeds used to purchase Bitcoin, funded by DCG. Open / Comment

2024-01-10 14:01:29 Join Waterfall Protocol for the Testnet launch and prepare to earn rewards on the Mainnet!
Waterfall is the most decentralized BlockDAG protocol currently available

Key Features:
This decentralized platform has the potential to attract much more validators than other protocols.
Minimal hardware requirements: Dual-Core CPU, 4GB RAM ( your cellphone has 2-4 times more than that).
High performance and scalability, thanks to parallelism in BlockDAG.
Compatible with EVM and Ethereum API.

They have been rigorously testing technology since 2021.
More than 170 Workers(block producers) on the TestNet are owned by the community members (developers and future users).
On the first day after the new TestNet announcement, 115 Workers connected and more than 450 000 transactions were processed.
On January the 2nd more than 650 000 transactions was successfully processed.

Find out more details in their communities:
https://t.me/waterfall_network
https://twitter.com/waterfall_dag
https://discord.gg/Nwb8aR2XvR Open / Comment

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2024-01-07 18:00:51 Polychain Warns Users Against Engaging with CEO’s X Account Following Hack

Digital assets fund management company, Polychain Capital has urged users not to interact with the X (formerly Twitter) account of its CEO following a hack. In a Jan 4 X post, the platform acknowledged the breach on the account of its CEO Carlson Wee asking users not to engage until further notice.

The incident was detected when the CEO’s and founder’s account started promoting fake airdrops without a sign-off from management seeking to get community engagements.

A post of a “PCHAIN” token airdrop on Jan 4 was advertised as part of the New Year’s celebration of the company in addition to links disguised as relating to the firm.

“In celebration of the New Year, We have decided to start the PCHAIN phase 1 distribution early! What are you waiting for? Get your share before it’s too late! Register below to participate.”

Consequently, the hacker continued with more pistols related to the subject matter with over 41,000 viewing the posts. However, it can be seen that the hacker’s posts on the account have been taken down but the platform has not given the official go-ahead on X to engage with the account at press time.

Polychain is a cryptocurrency venture capital firm based in the United States with investment in technology and about $2.6 billion in assets under management (AUM).

Over the years, blockchain phishing scams have gained notoriety as a way of tricking users into clicking malicious links from scam websites or authentic sources that have been compromised. If a user clicks or engages, they may be lured to deposit funds or engage with a scam network exposing them to more hacks. Open / Comment

2024-01-04 18:01:48 Record $1.1 Trillion in Crypto Exchange Volume Driven by Spot Bitcoin ETF Anticipation

The monthly spot trading volume on crypto exchanges exceeded $1 trillion in December 2023, marking the first time this significant volume level has been surpassed in over a year. According to data from compiled by The Block, the total exchange volume for the month reached a whopping $1.1 trillion.

The last instance of monthly spot trading volume surpassing the $1 trillion mark occurred in September 2022, with a total volume of $1.03 trillion, the data showed. The latest figures for December 2023 not only represent a notable resurgence but also set a new monthly record since May 2022 when trading volume peaked at $1.35 trillion.

As usual, the crypto exchange responsible for the most trading volume was Binance, contributing 39.3% of the December’s total volume.

In US dollar terms, Binance’s share of the volume equaled $432.7 billion. South Korea-based crypto exchange Upbit secured the second position with an 8.3% share, amounting to $91.8 billion, followed closely by OKX at 8%, totaling $87.5 billion.

Binance has long dominated the rankings as the largest spot crypto exchange by trading volume, but has seen its market share drop as regulatory scrutiny of the exchange has intensified. At the same time, Upbit and OKX have both seen their market share increase. Open / Comment

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