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News on Medial
Most New Ethereum Tokens Appear to Be Pump and Dumps
Startup News FYI
·
1y ago
Medial
According to a report by Chainalysis, over half of the newly listed Ethereum tokens on decentralized exchanges (DEXs) in 2023 showed patterns resembling pump and dump schemes. However, these tokens only represented 1.3% of total DEX trading volume, indicating that investors are putting their money into trusted tokens. Chainalysis found that actors behind pump and dump tokens collectively made $241.6 million in profit. The report highlights the need for investors to exercise due diligence when investing in unestablished tokens and emphasizes that pump and dump schemes can be identified using on-chain data.
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Billionaire investor Mark Cuban loses $870K in crypto scam
Economic Times
·
1y ago
Medial
Mark Cuban, entrepreneur and investor, lost approximately $870,000 to a crypto scam on September 15. Suspicious transactions were noticed in his MetaMask wallet that had been inactive for over five months. Cuban confirmed losing Ethereum (ETH), USD Coin (USDC), Polygon (MATIC), Lido staked Ethereum (stETH), and tokens from SuperRare and Ethereum Name Service. He believes he downloaded a malicious MetaMask version, leading to the hack. Cuban was able to transfer around $2 million USDC to Coinbase Custody, preventing most of the assets from being stolen. This isn't his first crypto-related loss; he faced losses during the collapse of the TITAN stablecoin in 2021.
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What is Little Pepe Coin (LILPEPE)? A guide to the all-neweme coin in 2025 - The Economic Times
Economic Times
·
1m ago
Medial
Little Pepe Coin ($LILPEPE), launched on June 10, is a new Layer-2 blockchain-based meme coin focusing on speed and security. It includes Pepe's Pump Pad, a launchpad for new meme tokens with anti-scam measures. With a fixed supply and strategic tokenomics, it aims to ensure a safe meme coin ecosystem. LILPEPE's design incorporates unique safeguards and zero-tax transactions, setting it apart from traditional meme coins by combining cultural appeal with infrastructure innovation.
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Explainer: How would a US crypto strategic reserve work?
Economic Times
·
5m ago
Medial
The concept of a US cryptocurrency strategic reserve envisions a stockpile of digital assets like bitcoin and ethereum, as well as smaller tokens, for economic security and market stability. President Trump mentioned the potential reserve, derived partly from government-seized cryptocurrencies, and included various tokens to diversify it. Proponents suggest such a reserve could strengthen the US dollar, reduce the deficit, and counter China's influence, while skeptics highlight risks like volatility and cyber vulnerabilities.
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Bitcoin briefly rises to record high over $70,000
Reuters
·
1y ago
Medial
Bitcoin briefly reached a record high of $70,000 in volatile trading, driven by investor demand for new crypto products and expectations of lower global interest rates. The rally was also supported by an upgrade to the Ethereum blockchain platform and an upcoming bitcoin "halving" event in April. However, the speculative nature of cryptocurrencies makes it difficult to predict their behavior, with sudden plunges of 10-20% expected. Institutional investors are now getting involved, committing long-term money that could help sustain the rally. The optimism has also extended to other digital tokens, such as Ether.
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WazirX Dumps Wallet Infra Provider Liminal
Inc42
·
12m ago
Medial
Crypto exchange WazirX is moving its remaining assets held with the custodian Liminal to new multisig wallets. While WazirX's systems were not compromised, the custodian's interface was, leading to hackers stealing $230 million worth of crypto assets from WazirX's multisig wallet. This resulted in a loss of 45% of customer funds. Now, WazirX is taking steps to secure its remaining assets by migrating them to new wallets.
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Inside Sam Altman’s eye-scanning crypto party
The Verge
·
1m ago
Medial
Sam Altman’s cryptocurrency project, Worldcoin, debuted in the US with an event in San Francisco featuring eye-scanning orbs to verify users' humanness. The project, co-founded by Altman and Alex Blania, offers 16 WLD tokens for verification via its Ethereum-based World Chain. Worldcoin plans to open locations in six major US cities. The event, highlighting this science fiction-like concept, featured a performance by Anderson Paak, reflecting Altman's influence in the tech sphere.
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YouTube is experimenting with red, blue, and green video feeds
The Verge
·
1y ago
Medial
YouTube is testing a new feature that allows users to filter videos on their home feed by color. Select users on Android and iOS devices can choose between red, blue, or green hues to create a visually cohesive browsing experience. The filtered results appear as a new feed option at the top of the app, with the videos being sorted based on the most prominent colors featured in thumbnails. YouTube has not provided a reason for this feature or a timeline for broader availability. It could be used for aesthetic reasons or as a data collection strategy.
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Crypto FOMO Is Back. So Are the Scams
Wired
·
1y ago
Medial
The market for memecoins, a type of cryptocurrency, has created opportunities for scam artists. These scams often involve token presales, where developers promise early investors discounted rates. However, many of these tokens turn out to be scams or fail to deliver on their promises. This has led to the rise of sophisticated cybercriminal groups conducting these scams. Investors are urged to do their due diligence and look for warning signs before investing in new crypto projects. Establishing industry-wide standards for new tokens could help prevent these scams in the future.
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Bitcoin hits new high, Solana price jumps as memecoins mania rises and Worldcoin faces heat in Spain
TechCrunch
·
1y ago
Medial
Bitcoin reached a new all-time high, while Solana experienced a surge in price as memecoins gained popularity. Additionally, Sei Labs developed a framework to assist Ethereum, Nigeria clashed with Binance, and Worldcoin faced challenges in Spain. Bitcoin's price rose 8.5% to $72,500, with ether increasing by 3.8% to $3,900. Memecoins on Ethereum, Solana, and Avalanche blockchains saw significant rallies. Notably, Mog coin on Ethereum had a market cap of $435.3 million, Solana-based dogwifhat increased by 79%, and Coq Inu on Avalanche rose by 36%.
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In bitcoin's shadow, another cryptocurrency, Ether, stages its own rally
Economic Times
·
1y ago
Medial
Ether, or Ethereum, the second-largest cryptocurrency by total value, has experienced a significant surge in recent weeks. Its rise has been attributed to the approval of bitcoin investment products, such as exchange traded funds (ETFs), which have attracted new investors. Additionally, expectations of a potential approval of an Ethereum ETF in the United States have further contributed to its performance. Furthermore, the upcoming major upgrade to Ethereum's technology, known as "Dencun," is anticipated to improve transaction processing and reduce costs, potentially unlocking further growth. Unlike bitcoin, Ethereum offers a broader range of use cases and has successfully navigated previous technical transformations. The Proof of Stake process used by Ethereum also provides additional benefits to its holders, such as earning interest. As a result, experts believe that Ethereum could potentially outperform bitcoin and even surpass its market capitalization.
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