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Thanks to a front-end vulnerability on OpenSea, a group of hackers have made away with over $1 million worth of digital ...
01/25/2022

Thanks to a front-end vulnerability on OpenSea, a group of hackers have made away with over $1 million worth of digital collectibles.

According to leading blockchain security firm PeckShield, the malicious actors made approximately 347 ETH from Ethereum’s largest NFT marketplace, OpenSea. The bug allowed the hackers to buy highly-priced NFTs far below their market value. The buyer, who goes by the name "jpegdegenlove," scooped BAYC #8924 for 6.66 ETH (around $14,700). He also bought #8274 for under 23 ETH ($50,800). For some context, the lowest priced BAYC NFT is currently 85 ETH or around $200,000.

The so-called “OpenSea Opportunistic Buyer” also bought two Mutant Apes, a CyberKongz, and a Cool Cats NFT. Although there have been varying reports on how much the attacker made, blockchain analytics firm Elliptic said that at least three attackers were involved in the exploit, and they made over $1 million.

The exploit appears to originate from the ability to re-list an NFT at a new price, without canceling the previous listing. Those previous listings are now being used to purchase NFTs at prices specified at some point in the past — which is often well below current market prices.
Although the suspicious activity happened over the past day, the bug has been present for several weeks and was even flagged on January 1.

Starting on Jan. 27, the South Korean crypto exchange Bithumb will not allow users to withdraw their crypto assets to un...
01/25/2022

Starting on Jan. 27, the South Korean crypto exchange Bithumb will not allow users to withdraw their crypto assets to unverified private wallets.

On Jan. 24, the exchange announced that it would be the second of the four major exchanges in the country to ban withdrawals to unverified wallets. Coinone enacted a similar policy late last month and the other major exchanges are Upbit and Korbit.

ybit’s peer-to-peer (P2P) is now live.Traders in the exchange can now buy and sell Tether (USDT) with no hidden fees.The...
01/19/2022

ybit’s peer-to-peer (P2P) is now live.
Traders in the exchange can now buy and sell Tether (USDT) with no hidden fees.
The platform provides 80 different payment methods with over nine fiat options.
Bybit now officially opens its peer-to-peer (P2P) transactions to all its users around the world. In detail, all the traders in the exchange can now buy and sell Tether (USDT) along with the other users of the exchange.

The peer-to-peer (P2P) feature of Bybit is available on the network’s website. It offers its users an easy, and a secure way of buying and selling crypto with no hidden fee. The app version will launch soon.

The platform provides 80 different payment methods with over nine fiat options. These include some of the major currencies such as Australian dollar, Hong Kong dollar, Indian rupee, Malaysian ringgit, Philippine peso, Russian ruble, New Taiwan dollar, Ukrainian hryvnia and Vietnamese d**g to name a few.

In terms of user experience, Bybit provides its investors to have more control over their crypto assets. For example, once a buyer completes their order, the seller’s cryptocurrency will be placed in a temporary deposit until both parties confirm that the transaction is successful. There will also be an ad posting feature to allow whitelisted users to personalize their offers according to preferred price, payment method and local currency.

On the other hand, Bybit is a cryptocurrency exchange established in March 2018 to offer a professional platform where crypto traders can find an ultra-fast matching engine, excellent customer service and multilingual community support.

Today, Bybit ranks as one of the top crypto exchanges in Coingecko

The crypto world never stops developing its technology to provide its users with the best options in their daily trading...
01/19/2022

The crypto world never stops developing its technology to provide its users with the best options in their daily trading lives. This time, NFT, metaverse, and DeFi blew the market with its overwhelming community supporters. Based on a report made by DappRadar, the Unique Active Wallets (UAW) connected to Dapp — NFTs and games attracted over 2.5M daily users by the end of 2021.

China is now the leading country that contributed most to the NFT ecosystem boom. It has more than 204,000 users with an increased rate of 166% registration since November. The United States follows China with 175,000 users with growth traffic of 38%. Indeed, these countries undoubtedly have the highest blockchain game users that attract investors globally.

Furthermore, other countries such as the UK, Russia, the Philippines, Brazil and India also contributed a lot compared to the other countries in the world. The combined traffic for these four countries surpassed 168,000 users, a volume that greatly contributed to the rise of NFT.

On the other hand, despite the bearish situation that the market is experiencing, the NFT space continues to stand strong. In fact, in Q3 2021, the NFT ecosystem generated more than $10.7 billion in trades that continue to increase and remain strong in the first week of 2022. As a result, the crypto networks that are linked to NFT such as ETH, SOL and AVAX to name a few benefits from this.

Meanwhile, the volatility of the crypto market is not a new word in the industry. However, this will not stop investors and traders from being active in the ecosystem. The NFT, metaverse, and DeFi are just some of the technologies that enable investors to still profit regardless of the market condition.

have a nice day
12/26/2021

have a nice day

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