99 Bitcoins

1.67 million EIGEN tokens stolen by attacker The EigenLayer team stated that the incident was the result of an investor's email being hacked, through which the attacker was able to get hold of the assets. The fraudster managed to steal more than 1.67 million EIGEN (about $5.7 million). He subsequently sold them via DEX, and transferred the received stablecoins to CEX. Part of the funds has already been frozen, EigenLayer said. Representatives of the project noted that the incident is not related to vulnerabilities in the protocol, and the investigation is ongoing. 🪙 99Bitcoins

Crypto speak: Sats By now, you must have heard of Satoshi Nakamoto, the pseudonymous creator of Bitcoin. They created the Bitcoin network that gave us the Bitcoin cryptocurrency. Most of us don’t handle whole Bitcoin—mostly fractions of Bitcoin, or “sats.” A sat is the smallest Bitcoin unit, equal to 0.00000001 BTC. (Think of sats as pennies.) Bitcoin was created to be divisible down to the eighth decimal point for users to transact in small amounts since the value of 1 BTC has risen to dizzying heights since its inception. 🪙 99Bitcoins

⚡️ Record deal for CryptoPunk's NFT collection - nftishka #1563 sold for 24,000 ETH ($57.2 million). However, doubts have emerged in the community regarding the reality of the sale. A user under the nickname 0xQuit referring to Etherscan stated that the buyer used an instant loan, taking 24,000 ETH from Balancer. And the seller returned the funds to the minutes after receiving them.

“Looks like an attempt to market the Kamala Harris Punks meme coin,” 0xQuit suggested.

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📉 Binance Market Share Hits Four-Year Low Binance's share of the combined spot and derivatives trading volume in the centralized exchange (CEX) market has dropped to 36.6%, its lowest level since September 2020, according to a CCData report.🧐 In September, Binance's spot trading volume fell by 23% compared to August, reducing its market share to 27%. Derivatives trading also saw a 21% decline, leaving Binance with 40.7% of the CEX segment. 🤷 Crypto.com emerged as a beneficiary, increasing its total volume by over 40% month-on-month, reaching a 10.5% market share. 📈 Total CEX trading volume dropped by 17% in September to $4.34 trillion, marking the lowest since June. However, analysts expect increased activity in the coming months, driven by factors such as rising market liquidity and the upcoming US elections. 🚀 🪙 99Bitcoins

How blockchains are changing the world: Transparent and democratic voting We’re launching a new column that delves into blockchain technology’s use cases beyond cryptocurrencies and NFTs. Today, we’ll talk about how blockchain technology can revolutionize the voting process, ensuring every vote is counted and reducing the risks of stuffing, fraud, and manipulation. How can this work? You already know that information in the blockchain is recorded in the form of blocks that cannot be deleted or edited. What gets recorded on the blockchain stays there forever. And since the information on the blockchain is public, any person or organization can tally the votes at any time to ensure no forgery was attempted. At the same time, data on the blockchain is stored in a decentralized manner — it’s transparent and without the influence of centralized authorities, which reduces the risks of corruption and interference. It’s only a matter of when, not if, blockchain-based voting becomes the norm for elections on various levels. The combination of voting features on blockchains provides many advantages over traditional voting methods, such as voting remotely, protecting against outside interference, and removing the possibility of voting falsification. 🪙 99Bitcoins

⚡JUST IN : America 🇺🇸is headed for bankruptcy ~ Elon Musk. 🪙 99Bitcoins

Arthur Hayes lost $40,000 on memcoins The ex-head of crypto exchange BitMEX Arthur Hayes sold meme tokens PEPE and MOG, which he purchased on September 27, for $460,000. The purchase price was $500,000 and the loss was $40,000. 🪙 99Bitcoins

Who are cypherpunks? Cypherpunks are a group of people who are dedicated to issues surrounding privacy and security on the internet. They began their activities in the early 1990s, promoting encryption to protect personal information online. Cypherpunks wanted to ensure people could communicate without governments or companies eavesdropping and surveilling. Cypherpunks support strong encryption and open-source software, making these tools accessible to everyone. Of course, the emergence of Bitcoin has made a huge contribution to the movement of cypherpunks. Today, the spirit of cypherpunk lives on in the world of cryptocurrencies and blockchain technology. Many still share cypherpunks’ vision of a world where people can maintain online privacy and communicate securely. As more and more people explore the world of cryptocurrencies, they continue to use the basics laid down by cypherpunks in the pursuit of privacy and security on the internet. 🪙 99Bitcoins

🔵The strongest reserve currencies in the world The US dollar comes in first place 🇺🇸 🪙 99Bitcoins

📉 TON ecosystem tokens launched on Binance have seen massive sell-offs. Over the past 30 days, DOGS has dropped 42%, HMSTR is down 54%, and CATI is down 46%. Additionally, relative to ATH, these tokens are generally showing declines of around 40%-60%. 🪙 99Bitcoins

What is a DAO? A DAO, short for “decentralized autonomous organization,” is an innovative concept that revolutionizes the idea of cooperation and decision-making. Simply put, a DAO is a digital organization built on a blockchain platform where rules and decision-making are governed by smart contracts. Imagine a company without a traditional hierarchy or management structure, where everyone has the right to vote, and decisions are made collectively by the community. This is the beauty of DAOs: They allow people to join forces, pool resources, and work together to achieve a common goal in a transparent and democratic way. DAOs can be created for any purpose, from managing investment funds to organizing a decentralized market. The potential of DAOs is huge because they can restructure industries, redefine governance, and promote a new era of cooperation and innovation. Cryptocurrencies and NFTs are just the tip of the iceberg of opportunities that blockchain can offer us. 🪙 99Bitcoins

📱Mark Zuckerberg is now the fourth-richest person in the world, with a net worth of $201 billion, following Facebook's rebranding to Meta and its focus on the metaverse and AI, according to Bloomberg.

🐂All five bull markets started just in October, notes analyst Lookonchain, citing historical data. 🪙 99Bitcoins

What are smart contract audits, and why are they necessary? Smart contracts are lines of code that self-execute once pre-determined conditions are met between a buyer and a seller. What happens if the code has a vulnerability or bug? What if the code was intentionally written with weaknesses to scam users? To eliminate weak points and vulnerabilities, you need to audit smart contracts. Many blockchain projects have open-source code, meaning anyone can look at and study the base code and smart contracts. So, if hundreds or even thousands of enthusiast programmers and prominent auditing firms sift through the code and smart contracts, it’s safe to say that the project has a high degree of security and stability. Open-source code and audits are what make blockchains impervious to hacks and cyberattacks. The code is available to everyone; therefore, if there is ever something suspicious in the code, the community will flag it. Auditing and open-source base code are touted as the future because smart contracts can be written to contain zero biases and replace intermediaries. 🪙 99Bitcoins

📱Mark Zuckerberg is now the fourth-richest person in the world, with a net worth of $201 billion, following Facebook's rebranding to Meta and its focus on the metaverse and AI, according to Bloomberg. 🪙 99Bitcoins

🇨🇳 A former Chinese finance minister has called for more scrutiny of the cryptocurrency market and for Chinese policy to adapt after the US changed its attitude towards cryptocurrencies from negative to positive amid the upcoming election. 🪙 99Bitcoins

Bull market Crypto newcomers have a lot of confusing terms to master, but “bull market” is one you should get to know sooner rather than later. A bull market is a period of sustained growth and optimism toward financial markets, where asset prices start climbing. This, in turn, leads to more investor confidence and the belief that growth will last for an extended period. During a bull market in crypto, prices see aggressive gains. An excellent example of a bull market is the period in 2017 when Bitcoin was sitting at about $1,000 but then exploded to reach all-time highs of $20,000 at the time. While bull markets present an opportune time to make profits, they also pose a risk, sometimes creating a bubble that can eventually burst and crash prices. (The roaring bull run in 2017 infamously led to a three-year crypto winter bear market.) Therefore, it would be best to approach crypto investment with the utmost prudence and be prepared for potential volatility. 🪙 99Bitcoins

📊Comparing the rise of bitcoin and gold. 🪙 99Bitcoins

📞CZ here: After the lockup, the Binance founder will continue to invest in blockchain, decentralized technologies, AI and biotech, as well as develop Giggle Academy, devote time to philanthropy and finish his book. CZ added that Binance is doing just fine without him. 🪙 99Bitcoins