Crypto Guides, Knowledge & Insights

MetaMask Denies Security Issues That Cause 5000 ETH Exploited

Key Points:　　MetaMask said that recent tweets by Taylor Monahan falsely claimed that large-scale wallet theft resulted from MetaMasks vulnerability.　　Developer data shows that 5,000 ETH was stolen from different addresses on 11 blockchains.　　The security team is working with others in the Web3 wallet space to investigate the source of this exploit.　　MetaMask had denied allegations of wallet vulnerability when a developer claimed that a large amount of ETH was stolen from MetaMask in late 2022 because of this issue.　　Web3 wallet MetaMask said on Twitter today that recent tweets by Taylor Monahan claimed that large-scale wallet theft resulted from a MetaMask vulnerability, which is incorrect.　　The claim that 5,000 ETH was stolen from MetaMask is incorrect. The data shows that 5,000 ETH were stolen from different addresses on 11 blockchains.　　According to Monahan, a MetaMask developer, approximately 5,000 ETH has been taken from the wallets of crypto veterans across different chains since December 2022.　　The continuing breach specifically targets “OGs who are pretty safe,” the developer said on Twitter, however, it is unclear how the clever hacker is doing this.　　According to the developer, the hacker would perform a secondary steal in the hours after their original heist in order to acquire assets and dust that they

2023-04-20Deep Dive

Many crypto wallets were extracted for unknown reasons

This week, the crypto community on Twitter was in an uproar when there was information about a series of crypto wallets that had been suspiciously extracted.　　This information was shared by the Twitter account “Tay” (a member of the MetaMask wallet builder), “In the past 48 hours, I have witnessed a lot of crypto wallets being drained. I dont know how serious this is, but since December 2022, 5,000 ETH has been stolen, including tokens, NFTs, and foundation coins on over 11 different blockchains. Right now, no one knows what the reason is.”　　This account shares further. There is no sign of being related to phishing sites. And the worrying thing is that the hacked addresses are all OGs (old wallets) instead of newly created wallets and just joined the market.　　In addition, some common features of these hacked accounts include:　　The key is generated from 2014-2022.　　There is a lot of activity in the crypto market, owning many accounts.　　Tay said: “My guess right now, it may be because some people have stored a large amount of cache data from a year ago, from which they can find the key - the key of the wallets. But this is just a guess, I dont know.

2023-04-20Deep Dive

FCA Warns Investors Against Unauthorized TITAN LIMITED Broker

The UKs Financial Conduct Authority (FCA) has issued a warning to potential investors against TITAN LIMITED, a company that offers financial services and products without proper authorization from the regulator. The FCA also cautioned investors against dealing with unregulated financial firms. The company, which operates under different brand names, is based in Ajeltake Island, Majuro, Marshall Islands, a location known for unregulated brokers. The FCA has previously censured this broker, but the website https://titanftx.net still appears to be available to potential customers in the UK.　　TITAN LIMITED has previously raised regulatory concerns, with the Ontario Securities Commission issuing a warning against the broker targeting Ontario investors, and Frances financial market regulator including it in a list of websites that offer online trading without authorized investment services providers. All businesses and individuals that offer financial products or services in the UK must be authorized by the FCA.　　The regulator urged customers to avoid engaging in transactions with the company, or any other unregulated company and requested that clients report any firms suspected of conducting business in Britain without proper authorization. Investors are also reminded to check the Financial Services Register, which lists authorized firms, as well as the Interim Permission Register, which shows

2023-04-19Exposure

Pepe The Frog (PEPE) Gained 21,000% In 3 Days, Proving That “Dogs’ Days” Are Over!

Key Points:　　The most recent meme coin craze is being led by Pepe the Frog, which has seen its value soar by 21,000%.　　According to the page announcing the project, the days of dogs are over, and the new PEPE is the meme-coin with the highest concentration of memes of any that currently exist.With a 21,000% increase, Pepe the Frog leads the latest meme-coin frenzy.　　The community has seen a significant spike in BTC, ETH, and many other Altcoins in recent days. When people say “Altcoin season has arrived,” this is also when meme-coin currencies began to make waves.　　If the past “meme-coin seasons” were driven by DOGE and dog-type currencies like SHIB, FLOKI, and so on, the crypto community is seeking for new and “unique” possibilities this time around. And so, PEPE was born, taking its name from the famous meme about a green frog known as Pepe the Frog, which circulated widely throughout the Twitter crypto community.　　Even though it wasnt available until April 16, the price of this meme coin skyrocketed by up to 21,000% in just three days after it was released, and a total trading volume of 30 million USD was reported. At the moment, the coin is exclusively listed

2023-04-19Deep Dive

Bitcoin Is Showing A Bullish Signal Unseen Potential From 2021

Bitcoin and other popular cryptocurrency tokens were trading lower on Tuesday as financial turbulence calmed, treasury rates climbed, and investors avoided riskier assets.　　Some analysts say that cryptos are losing part of their attraction since the hazards associated with financial upheaval seem to be fading. Nonetheless, this is still a “safe” price zone, and a lesser-known but accurate Bitcoin price indicator has turned positive, indicating the start of a large bull market.　　According to blockchain analytics startup Glassnode, Bitcoins reserve risk multiple has gone over zero, becoming positive for the first time since October 2021. Previous above-zero crosses cleared the door for parabolic price surges.　　Reserve risk, according to Glassnode, is a long-term cyclical indicator that compares the incentive to sell at the prevailing market price to long-term holders who resist the desire to liquidate. A lower number shows great conviction among HODLers, or long-term cryptocurrency investors, and vice versa.　　Vetle Lunde, a crypto markets analyst at K33 Research, said in an interview on CoinDesk TV‘s “First Mover” show on Monday that there are similarities between Bitcoin’s current climb from the doldrums of 2022 and its price trend from 2018 into 2019.　　Lunde said that negative to neutral futures sales, notwithstanding recent price rises, were

2023-04-19Deep Dive

US CFTC President: Binance Willfully Violates CFTC Regulations

Key Points:　　CFTC President Rostin Behnam said that exchange operator Binance intentionally violated CFTC rules.　　He emphasized that the worlds largest cryptocurrency exchange must be registered with the CFTC and comply with the law when it intends to offer futures contracts in the United States.　　The crypto crackdown by regulators in the United States is still in full swing.　　CFTC President Rostin Behnam says exchange operator Binance knowingly violated CFTC rules following a lawsuit accusing Binance and its chief executive Changpeng Zhao (CZ) last month of compliance has been made artificially.　　According to Bloomberg News, Rostin Behnam, Chairman of the United States Commodity Futures Trading Commission (CFTC), it was said at an event hosted by Princeton University on Thursday that Binance had knowingly violated its regulations. Futures contracts must be registered with this US regulatory agency and comply with the law when offered to US traders.　　“They are starting large companies and offering futures contracts and derivatives to US customers.”He said.　　Aside from the lawsuit against the world‘s largest cryptocurrency exchange, Behnam remained steadfast and reiterated that Ethereum and stablecoins are commodities. The giant token, Bitcoin, is greatly accepted by US regulators as a commodity. Still, there is more significant disagreement about which other virtual coins should

2023-04-19Deep Dive

The Demo Trading Worldcup 2023 winners list has been released as scheduled.

About Demo Trading Worldcup 2023　　In order to promote the development of the industry and reduce the threshold of transactions, WikiGlobal, adhering to the concept of “making transactions easier”, launched a new generation of demo trading software in 2023. The WikiGlobal demo trading competition is a top demo competition for global trading users. The contest is adhering to the concept of “finding excellent traders and spreading high-quality trading strategies” and insisting on the principles of openness, fairness, and justice, aiming to provide a stage for participants to show their trading ability and discover more outstanding traders.　　The winners list (1-100) is now available to the public. Take a look at the winners of the contest (see below).　　These participants could not have won this award without their own talent and deep understanding of forex trading. We congratulate the winners.　　WikiGlobal reserves the right to interpret the winners list of this competition.　　Why April 17th？　　Some of you may have a question: Since the World Cup ended on March 31st, 2023, why dont you release the name list of contest rankings right after the end of the contest？　　The reason we are not able to announce the list of winners quickly right after the closure of the contest（such

2023-04-18Deep Dive

Bittrex Slams SEC In Official Response, Vows To Take Legal Action

On Monday, the U.S. SEC filed a lawsuit against Bittrex, accusing the Seattle-based cryptocurrency exchange of operating an unregistered national securities exchange, broker, and clearing agency. Bittrexs parent company, Bittrex Global GmbH, and its founder were also charged for failing to register as a securities exchange due to the operation of a single shared order book. Bittrex has issued an official response, indicating that it intends to fight the case in federal court.　　Bittrex Denounces SECs Anti-Crypto Stance　　Bittrex has responded to the SECs lawsuit by stating that the agencys decision to take enforcement action against the exchange is part of SEC Chief Gary Genslers broader campaign to expel the crypto industry from the United States. The company commented on the wide-ranging impact of the SECs recent actions, stating: “The SECs regulatory approach through enforcement will not only have a negative impact on cryptocurrency in the United States, but also on blockchain technology and innovation as a whole.”　　In its official statement, Bittrex reaffirmed its commitment to comply with regulatory requirements while being operational and claimed that it had reached out to the SEC several times to seek clear guidance on regulation. The company also stated that it had requested the regulatory body

2023-04-18Deep Dive

Is Crypto a good investment? Understanding the risk associated with crypto trading in Nigeria today

By: Damian Okonkwo　　Is Crypto a good investment？ Understanding the risk associated with crypto trading in Nigeria today　　Firstly, it is important to understand what cryptocurrencies are and how they work. Cryptocurrency is a virtual currency secured by cryptography, which makes it difficult to counterfeit or double-spend. It is highly decentralized, which makes it difficult for any central authority such as a bank or government to control it. Instead, they are based on blockchain technology, which is a decentralized ledger that records all transactions and ensures their accuracy and security.　　So, is crypto a good investment？ The answer is not straightforward, as it depends on a variety of factors such as market conditions, individual risk tolerance, and investment goals. While some investors have profited significantly from investing in cryptocurrencies, others have experienced significant losses. It is crucial to note that the cryptocurrency market is highly volatile, with prices fluctuating rapidly and often unpredictably.　　One of the biggest risks associated with crypto trading in Nigeria today is the lack of regulation in the market. While some countries have established regulatory frameworks for cryptocurrencies, Nigeria has yet to do so. This means that there are currently no clear guidelines or protections for investors in the crypto

2023-04-17Deep Dive

Binance Removes Shiba Inu, 1INCH, FXS, TWT From Innovation Zone

On Monday, Binance, the worlds largest cryptocurrency exchange, announced its decision to remove four tokens, namely Shiba Inu (SHIB), 1INCH, Trust Wallet Token (TWT), and Frax Share (FXS) from its Innovation Zone. The Innovation Zone is a platform where users can trade new and innovative crypto projects that are listed by Binance.　　　　The listing of tokens in the Innovation Zone enables Binance to promote financial freedom by offering its users access to new and innovative crypto projects. At the same time, the platform also aims to protect users from potential risks associated with investing in new tokens. By limiting and warning users about the risks, Binance strives to balance its commitment to promoting the freedom of money with ensuring the safety of its users.　　Binance Removes Shiba Inu (SHIB) After Shibarium Beta Release　　Binance has announced its plan to remove Shiba Inu (SHIB), 1INCH, Trust Wallet Token (TWT), and Frax Share (FXS) from the Innovation Zone effective April 18, as stated in an official announcement on April 17. Users will be able to access these tokens in their entirety from the said date.　　As part of its commitment to balancing user safety with the promotion of financial freedom, Binance periodically reviews projects listed in

2023-04-17Deep Dive

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