Chain News by Thebittimes.Com

There is a surge in the number of rug pull involving meme tokens in the cryptocurrency industry. According to PeckShield, a blockchain security company, it has detected about 24 scam meme tokens within the last ten days. #PeckShieldAlert We have detected a series of #rugpulls involving the creation of ~24 Scam #MEME Tokens within the last 10 days. #SHITMEME, #BENS, #WorldCoin, #MONKEYS, #ERDR, #Magneto, #STARK, #ZAT, #LADYBOY, #USACOIN, #WLD, #POGO, #Miniclip, #PORN, #FROGS, #RNDT, #PSYOP,… pic.twitter.com/KlBX5k9Go6 — PeckShieldAlert (@PeckShieldAlert) May 23, 2023 The scam meme coins detected by PeckShield include SHITMEME, BENS, WorldCoin, MONKEYS, ERDR, Magneto, STARK, ZAT, LADYBOY, USACOIN, WLD, POGO, Miniclip, PORN, FROGS, RNDT, PSYOP, POPCAP, FOG, TEMU, TINDER, TAGGED, SEI, and BEREAL. PeckShield noted that SEI, created barely three hours before the alert, already had its liquidity removed. It observed the scammers initially funded 5.19 ETH from OKX and pu...

Join Our Telegram channel to stay up to date on breaking news coverage The crypto market has witnessed a rise since our post yesterday .  The global cryptocurrency market cap has risen to $1.12 Trillion which signifies. Market volume currently stands at $22.57B which represents a 30.38% increase.  The world of cryptocurrency evolves constantly due to volatility,  and as always both budding and seasoned investors require analytical navigation to understand what coins are worth the effort in terms of profitable investments. Following calculated predictions from experienced analysts, we have compiled a detailed list that answers the burning question: What will be the next cryptocurrency to explode? Our Top Fifteen Picks For The Next Cryptocurrency To Explode Today From the market Analysis , the following cryptocurrencies have proven to be excellent investment choices as they would soon witness exponential growth. 1. Shiba Inu (SHIB) Shiba Inu has proven to be a r...

Join Our Telegram channel to stay up to date on breaking news coverage The Securities Commission Malaysia (SC) , has ordered HuobiGlobal , a popular cryptocurrency exchange, to cease its operations in Malaysia. The SC took action against Huobi and its CEO, Leon Li, for running an unregistered digital asset exchange (DAX) in Malaysia, which is in violation of local regulatory requirements. The decision aims to protect investors’ interests and ensure compliance with securities laws. 🔒 SC has issued a public reprimand against Huobi Global Limited to cease operations in Malaysia, disable website and mobile app on platforms like Apple Store and Google Play. 📰 Read the full release here: https://t.co/UY4dVGAHRh pic.twitter.com/Fe6xSqftZr — SC Malaysia (@SecComMalaysia) May 22, 2023 According to a statement from the Securities Commission Malaysia has issued a public reprimand against Huobi and its Chief Executive Leon Li for what they term “operat...

A “manipulative launch strategy” was alleged over how the Liquidity Pools were structured and the way that the tokens "trickled out." A nonfungible token (NFT) influencer has been served with a settlement demand via NFT – which casually dropped the "F bomb" several times – alleging that the influencer engaged in wire fraud "at a minimum," on a recent $7 million token presale. Lawyer Mike Kanovitz, a partner at Loevy & Loevy, took to Twitter on May 20 to state that a “settlement demand letter has served as an NFT” to the wallet address associated with the alleged influencer known as ‘Ben.eth,’ whose real identity remains undisclosed. He alleged that Ben.eth “used a manipulative launch strategy” over how the Liquidity Pools (LP) were structured and the way that the token s "trickled out" on the recent presale for his token $PSYOP – shortly after the accusationBen.eth tweeted that 50% of the token s have been sent out and “the rest will be se...

Promptly after the funds went missing, Swaprum’s Twitter, Telegram and Github accounts were all deleted, however its website is still up. Arbitrum-based decentralized exchange (DEX) Swaprum has allegedly conducted a rug-pull on its users, with $3 million worth of customer deposits being swiped from the platform. A rug-pull or exit scam occurs when a seemingly legitimate project ropes in a certain amount of investment or user deposits before promptly shutting everything down, pulling the capital and vanishing off into the distance — if they don’t adequately cover their tracks, of course. According to May 19 tweet from the alerts-focused account of blockchain security firm Peck Shield, the bad actors swiped 1,628 Ether (ETH) — worth roughly $2.95 million at current prices — from Swaprum’s liquidity pools, bridged it to Ethereum, and then “laundered” almost all of those funds through crypto mixer Tornado Cash. #PeckShieldAler #rugpull @Swaprum on #Arbitrum rugged ~$3M, $SAPR has d...

Hoskinson’s Take On Ledger Update In a tweet, Hoskinson has shared valuable insights regarding the controversy surrounding Ledger ’s new firmware update, emphasizing key principles for enhancing security and trust in the hardware wallet industry. In his remarks, Hoskinson stressed the importance of open-source software that undergoes regular audits by multiple sources. By opting for audited software, Hoskinson believes users can benefit from the transparency and collective scrutiny that contribute to robust security measures. advertisement Read More: Will Central Banks Utilise XRP Via Ripple’s CBDC Platform? Simplicity has been another crucial aspect highlighted by Hoskinson, emphasizing that security often stems from minimizing the size and complexity of a system. Designing hardware wallets with a smaller footprint helps reduce potential vulnerabilities. New Approach Towards Decentralized Updates Discussing the significance of non-updateable ...

Crypto buyers are all looking for the Best Coins Under $1 in the hopes of finding the next moonshot coin that will land them a windfall return. In recent weeks, new coins have seen a rise in demand and popularity as crypto buyers hunt for big and fast returns on their investments. Frequently, a crypto coin may possess a considerable market capitalization, high demand, or a tremendous amount of future potential, but the individual tokens are priced significantly below one dollar due to the number of tokens in circulation or if it’s a new coin. To provide guidance and facilitate well-informed decisions, this comprehensive guide looks at the Best Coins Under $1 that offer the most promise and warrant consideration for inclusion in your investment portfolio. This article provides an in-depth summary of the Best Coins Under $1 based on expert insights, prevailing market trends, and available industry data. Leading the pack among the Best Coins Under $1 is ApeMax, an innovative ...