Hackers Reportedly Changed Bitcoin Price To $ 450,000 On Livecoin

Hackers have successfully changed the price of Bitcoin (BTC) and several cryptocurrencies on the Livecoin exchange.

The price of Bitcoin and XRP reached $ 450,000 and $ 17 respectively.

Hackers have reportedly succeeded in changing the price of Bitcoin (BTC) and several cryptocurrencies on the Livecoin exchange.

Bitcoin at $ 450,000

Russian exchange Livecoin was the victim of an attack on Christmas Eve. The attackers managed to change the price of several cryptocurrencies and Bitcoin with the aim of making quick profits.

The hack took place on the night of December 23-24. The platform said on its site that the service had been the subject of a „carefully planned attack“ which it said could have been prepared for several months.

During the hack, the company lost control of all of its servers, back-ends and social media. Customers were promptly told to stop depositing funds and stop trading .

Generally, hacking an exchange involves the theft of cryptocurrencies in a wallet

ZDNet reported that the perpetrators of the attack changed the exchange rate for BTC to $ 450,000, ETH to $ 15,000, and XRP to $ 17. After changing the exchange rates, the hackers began to take large profits.

Livecoin is a relatively small exchange. Before being hacked, the site was ranked as the 173rd cryptocurrency exchange in the world by volume. Exchanges averaging $ 50 million per day.

Update: As BeInCrypto previously reported, some Twitter users have also suspected an exit scam from the platform, although the situation is still unclear

The American financial policeman wants to pay the catastrophic Ripple – Let the battle begin!

It’s going to heat up for Ripple ! – There will have been several years of suspense, but that’s it: the Securities and Exchange Commission (SEC) has made a decision and will sue Ripple Labs for issuing its XRP. Indeed, these interbank fees are seen as transferable securities (s ecurities ) the eyes of the US regulator.

Ripple in the dock for his XRP

The reveal was made by Ripple CEO himself, Brad Garlinghouse , in an interview with Fortune magazine.

The leader explains that one of the two largest US market regulators, the SEC , will sue Ripple for the issuance and sale of unlicensed securities , namely the famous XRP tokens .

SEC Security Exchange Commission

Brad Garlinghouse himself, as well as Ripple co-founder Chris Larsen , will also be included as defendants . The CEO said he considers this to be:

„(…) an attack on the entire cryptocurrency sector and American innovation“

It’s quite curious to say „the whole industry“ while posting the tweet below, which shouts „injustice“ over the SEC’s choice to only sue Ripple for XRP and not Bitcoin (BTC) and Ethereum (ETH):

“Today the SEC voted to attack the crypto. President Jay Clayton (…) chooses the winners and tries to limit American innovation in the crypto-asset sector to favor BTC and ETH ”

A token that actually has all the features of a security

This is because, unlike XRP, Bitcoin and Ethereum projects have not been classified as securities by the SEC, because they are sufficiently decentralized and no person or company controls them . In any case not as directly as Ripple on XRP.

Likewise, the creation / issuance of BTC and ETH is done gradually , through the mining process . Conversely, the 100 billion units of XRP were created in one fell swoop in 2012 by Ripple (which sort of “ pre-mined ” all XRP on its behalf).

Brad Garlinghouse and Chris Larsen each also own a very large share of the XRP created. Just like the former founder Jed McCaleb, who is liquidating his XRP at full speed since he slammed the door of Ripple to pass on the Stellar project (XLM).

In any case, after reporting that, according to him, this complaint against Ripple „favored China“ and its central bank digital currency – the DC / EP system – the CEO of Ripple ends by threatening:

“Make no mistake, we are ready to fight and win – this battle is just beginning! “

Even if the SEC will have taken the time to decide against Ripple, it therefore seems that it is done, even if at the time of this writing the US financial policeman has not yet formalized this announcement. A period of great uncertainty is now opening over the fate of the XRP token.

MetaMask enhances security and improves transaction prices

MetaMask improves gas usage and wallet security.

A new desktop extension is launched for Microsoft Edge.

Fake phishing sites pay Google for ads

MetaMask, the wallet and browser extension for cryptocurrency, is busy strengthening its security as hacks and exploitations continue to plague the industry.

In its latest monthly report, MetaMask detailed the ongoing efforts to improve the platform for its users and increase security. There are a few changes that dApp developers should be aware of, but these will not affect users.

The wallet provider has developed “LavaMoat”, a set of tools for generating dApp packages with enhanced security in the form of Secure EcmaScript (SES) containers. He added that every version of the MetaMask extension from version 8.0.6 deploys an SES.

This toughens all of our code and dramatically reduces the number of ways a malicious dependency can compromise a user’s wallet. In short, your wallet is more secure than ever!

In addition to the Chrome, Firefox, and Brave desktop browser extensions, MetaMask has now launched one for Windows Edge users.

MetaMask: the cost of gas for transactions

The report adds that it has changed the way these transaction fees are calculated. This should allow for more consistency in the transaction fees shown on the confirmation screen, in addition to a general increase in the speed of transactions.

To do this, we launched an advanced Ethereum Gas Estimation API, first in our Swap function and then for all MetaMask transactions .

The application’s programming interface combines several gas estimation services to provide optimal gas estimations.

The average price of transactions on the Ethereum network is higher than it has been for most of November – currently at $ 2.45 according to BitInfoCharts . It peaked at $ 5 on November 26, when activity picked up for the various DeFi protocols.

In early October, BeInCrypto reported that MetaMask had started token exchanges to save fees.

Miksi sijoittajat lyö vetoa Bitcoinista

Miksi sijoittajat lyö vetoa Bitcoinista COVID-19-post-maailmassa

2020 on ollut epävarmuuden vuosi. Pandemia ei vain kaatanut markkinoita ympäri maailmaa, vaan salausmarkkinat eivät olleet immuuneja. Loppuvuoden lähestyessä näyttää nyt siltä, ​​että monilla sijoittajilla on toisenlainen ongelma. Kun markkinat ovat vasta alkaneet hinnoittaa Pfizer- ja Moderna COVID-19 -rokotteiden vaikutuksia, monet ovat hämmentyneitä tiettyjen turvapaikan luokkien käyttäytymisestä.

Weiss Crypto Ratingsin raportin mukaan Pfizer-uutisten jälkeen Bitcoin Trader kulta ja valtion joukkovelkakirjat laskivat voimakkaasti pelkojen epävarmasta elpymisestä pandemian jälkeisessä maailmassa.

Bitcoin kuitenkin pysyi vahvana uutisten jälkeen, kiipeyttäen 17000 dollarista 19 000 dollariin, ennen kuin korjaukset lopulta asettivat sen. Itse asiassa kryptovaluutan hinta vakiintui kirjoitushetkellä noin 18 500 dollarin markkaan.

Kun arvioidaan Bitcoinin suorituskyvyn syitä valtion joukkovelkakirjoihin ja kultaan, fiat-valuuttojen välitön digitalisointi on otettava huomioon.

Kun fiat-valuutat muuttuvat digitaalisiksi, valtion joukkovelkakirjojen arvo voidaan paisuttaa paljon nopeammin. Vaikka kullan arvo saattaa ylittää hallituksen kyvyn vaikuttaa, menetetyksi tuomitsemista kestävää omistusta on vaikea saavuttaa omaisuudella, jota ei ole helppo varastoida, Weiss väitti.

Ergo, voidaan väittää, että hajautettuihin lohkoketjuihin tallennetut salausvaluutat, jotka mahdollistavat omaisuuden täydellisen ja suoran hallinnan, ovat tunnin tarpeita.

Okei, viimeinen pommi – Minulla on huomenna myyntitilaus myydä kaikki kultani ja myydä BTC: tä ja ETH: ta (80/20). En omista mitään muuta (paitsi joitain joukkovelkakirjoja ja joitain dollareita). 98% nestemäisestä nettovarallisuudestani. Et voi luokitella minua paitsi # vastuuttoman pitkään Hyvää yötä kaikki.

– Raoul Pal (@RaoulGMI) 30. marraskuuta 2020

Tämä on mielipide, jonka monet toimijat jakavat yhä useammin

Raoul Paul ilmoitti äskettäin, että hän myy kaiken kullansa ostamaan BTC: tä ja ETH: ta. Hän selitti 80-prosenttisen Bitcoin-allokaationsa perustelut,

„Olen makro kaveri ja tiedän parhaan, mitä olen koskaan nähnyt.“

Europacin toimitusjohtajan Peter Schiffin mukaan krypto-sijoittajat, jotka uskovat, että Bitcoinin koko sijoitusopinnot perustuvat siihen, että se vie markkinaosuuden kulta, menettävät tässä keskustelussa. Hän jatkoi, että niukkuus ei ole ainoa osa väitettä, ja lisäsi: „Sen on oltava niukkaa, mutta sillä on oltava arvoa“.

Itse asiassa, jos Bitcoin saavuttaa enimmäismääränsä, 21 miljoonaa yksikköä, eikä kysynnän joukossa ole kysyntää, Bitcoinilla ei ole merkitystä.

Kuitenkin, jos nykyinen markkinatunnelma on mitä tahansa ohi, on syytä uskoa, että Bitcoinin kysyntä vain kasvaa, koska se osoittautuu vahvaksi suorituskyvyksi nopeasti lähestyvässä COVID-jälkeisessä maailmassa.