Bitcoin Inscriptions: Security Flaw Flagged As Cybersecurity Risk By NVD

When a popular Neo-Nazi webcomic made this pro-Bitcoin comic in December 2017, Bitcoin was at $19,650. It crashed almost immediately after this comic came out, leading me to make this image on the one-year anniversary of this comic

Bitcoin then became mega-popular, and I got a lot of Bitcoiners sending me smug asks. 

Today, Bitcoin fell below $19,650 again, having lost 70% of its value since November, so I get to make an updated graphic

If seeing that bubble comic made you buy bitcoin and you HODLed for five years, you’ve lost money.

The cryptocurrency market is under serious pressure due to geopolitical events

Last week was not the most favorable for financial markets. Due to the situation in the Middle East, almost all asset classes have suffered. Cryptocurrencies are no exception. As of the morning of October 16, 2023, the market capitalization of the industry was $1.06 trillion. Almost all leading digital coins and tokens have lost value over the last 7 days. It should be noted that the flagship cryptocurrency Bitcoin (BTC) showed relatively good results. Its value decreased by only 0.2% during the reporting period. However, this happened due to the fact that over the past 24 hours the rate of the virtual coin jumped by 3.65%. The world’s main cryptocurrency was trading at $27,850, and its total supply was $543.61 billion. Over the past 7 days, market participants executed transactions with BTC in the amount of $40.19 billion. The market dominance was 49.9%. The greed and fear index was 47, which meant traders’ sentiments were absolutely neutral. At the same time, leading altcoins disappointed their holders. Ethereum (ETH) fell 3% over the week, Ripple (XRP) lost 4.5% of its value, Solana (SOL) fell 2.75%, and Cardano (ADA) dropped 2.15%. The worst performing cryptocurrency of the past week among the top 100 was Mantle (MNT), whose quotes fell by 14% to $0.238. The total supply of tokens amounted to $1.02 billion. Over the past 7 days, transactions amounted to $206.38 million However, there were also those cryptocurrencies on the market that brought significant profits to their investors. The best result was demonstrated solely by Loom Network (LOOM). Its rate soared by 121.6% in a week. At a distance of 30 days, the increase was already 722.6%. The digital asset could be purchased for $0.38. Capitalization -466.24 million. Trading volumes at the indicated distance - $7.53 billion. Read the full article

L E T S  A L L  L O V E  L A I N

https://coinmystique.com/ftx-chilly-pockets-moved-nearly-10m-in-altcoins-to-ethereum-since-aug-31/?feed_id=8627&_unique_id=6522fcc091b53

A chilly pockets owned by collapsed crypto trade FTX moved nearly $10 million in altcoins from Solana to Ethereum since Aug. 31 for undisclosed causes, in keeping with on-chain information.The altcoins embody notable tokens like LINK, SUSHI, LUNA, and YFI. The transfers had been carried out by way of Wormhole Bridge.It’s unclear if the transfers are linked to the trade’s chapter proceedings or its current request to rent Galaxy Digital to promote its crypto holdings for fiat.FTX didn’t reply to a request for remark as of press time.FTX seeking to promote propertyFTX just lately filed a request with the chapter courtroom searching for permission to have interaction Galaxy Digital Capital Administration as its funding supervisor for sure digital property. The trade additionally requested permission to stake some idle crypto property to generate passive yield.Below the proposed settlement, Galaxy would handle, commerce, and convert FTX’s property into fiat forex or stablecoins, and hedge the collapsed trade’s publicity to unstable cryptocurrencies in return for a month-to-month fiduciary payment.FTX argued that Galaxy’s experience in promoting giant cryptocurrency positions with out affecting the market made it an appropriate alternative. The engagement aimed to assist FTX’s restructuring efforts by monetizing its cryptocurrency holdings.Moreover, the trade has filed a separate movement to ascertain tips for managing and promoting its digital property and to enter into hedging preparations on eligible cryptocurrencies — primarily Bitcoin and Ethereum.Collectors criticize tempoFTX is going through criticism from collectors over the sluggish tempo of its chapter plan negotiations.The trade’s legal professional, Brian Glueckstein, resisted requires expedited mediation on the newest chapter listening to on Aug. 23, saying the method is on observe for conclusion within the second quarter of 2024.A draft plan proposed by FTX on July 31 outlined the intent to repay clients by way of asset liquidation and litigation towards insiders. Nevertheless, tensions have risen over FTX’s efforts to discover a purchaser for its worldwide trade, FTX.com, and the lack of awareness shared about incoming bids.Collectors’ committee legal professional, Kris Hansen, additionally highlighted the $50 million month-to-month spent on attorneys’ charges and different prices because of FTX’s delay in resolving creditor considerations. FTX seeks to extend collectors’ restoration by way of lawsuits towards its founder, Sam Bankman-Fried, funding agency K5, and the founders of FTX acquisition targets.The chapter case was filed in November 2022 after allegations that FTX misused and misplaced billions of dollars of shoppers’ crypto deposits.Posted In: Chapter, ExchangesSupply: https://cryptoslate.com/ftx-cold-wallet-moved-almost-10m-in-altcoins-to-ethereum-since-aug-31/

Unmasking Satoshi Nakamoto: Bitcoin’s Mysterious Creator

This article explores the origins of Bitcoin, delves into the characteristics of Satoshi Nakamoto, and examines the top five suspects who have been speculated to be the elusive creator.

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Loba//Arms Dealer

BloodHound//Plague Doctor

Crypto//The Hired Gun

MasterCard84

Technology peaked at this aesthetic

‘Pirate’ Streaming Apps Beat Netflix and Disney in Brazil’s Play Store

Pirate streaming apps are leading the entertainment category in Brazil's Google Play Store. These unauthorized streaming apps draw a massive audience and beat official streaming platforms such as Netflix, Disney, and HBO in download rankings. While piracy is a worldwide phenomenon, Brazil certainly stands out.

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