[Daily Discussion] - Wednesday, August 25, 2021 Bitcoin Markets |
- [Daily Discussion] - Wednesday, August 25, 2021
- What sounds better for you?
- Bitcoin supply
- Bitcoin: biggest cryptocurrency heist all time
- Looking g for my perfect bot match
| [Daily Discussion] - Wednesday, August 25, 2021 Posted: 24 Aug 2021 09:00 PM PDT Thread topics include, but are not limited to:
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Other ways to interact: Get an invite to live chat on our Slack group [link] [comments]  |
| Posted: 25 Aug 2021 07:40 AM PDT We are working on new tech, just thinking of how to name it. Let us know your thoughts, what is more trusted for you if you are a potential investor. Thank you! [link] [comments]  |
| Posted: 24 Aug 2021 11:47 PM PDT Howdy y'all just wondering if any one knows anywhere that I can find out the actual amount of btc there is free to buy ATM. You know like there will be 21 million total x amount already mined so out of that x amount how much is there that is able to be bought from exchanges or how much are the exchanges holding. I Hear people saying you know short supply so price increase but how do we know there's a short supply [link] [comments]  |
| Bitcoin: biggest cryptocurrency heist all time Posted: 25 Aug 2021 08:31 AM PDT Introduction
How did the biggest Bitcoin heist happen?The most dreadful Bitcoin heist happened this Tuesday when hackers robbed $613 million dollars' worth of digital money from Poly Network, a cryptocurrency platform. Although there is a twist and that is, the hackers went ahead and returned $260 million dollar worth of digital money within a day of the heist. In this post, we have covered every detail related to the heist. Who was the victim of the biggest Bitcoin heist?If you already transact in bitcoins and are aware of peer-to-peer transactions, you must have heard of Poly Network, a decentralized cryptocurrency platform that allows customers to transfer tokens between various blockchains. Let us explain how Poly Network works by taking an example. For example, if you wish to transfer Bitcoins from the blockchain named Ethereum to another blockchain named Binance Smart Chain, you could use the platform, Poly Network. Although it is difficult to know where Poly Network is based or who heads it from their website, the digital money website Coindesk, says that Poly Network was established by the founders of Neo, a Chinese blockchain project. How was the heist carried out?Poly Network allows the transfer of tokens between Ethereum, Binance Smart chain, and Polygon blockchains with the help of a smart contract that lists instructions on when and how to let go of assets to the co-contractors. CypherTrace, a crypto intelligence firm throws light on one smart contract that facilitates the seamless transfer of tokens owing to its high liquidity. Hackers had pinpointed a vulnerability in this contract, as per Poly Network's initial investigation. An Ethereum programmer has come up with an analysis explaining that the hackers went on to overrule the instructions given in the three blockchains, as mentioned above, and siphoned off the funds to three digital storage units or wallets addresses. Poly Network, however, could trace these wallets and they published the same. Chainalysis, a blockchain forensics company reports that the hackers carried out the heist in not one or two but over 12 cryptocurrencies that included ether and a type of bitcoin. As per some digital messages circulated on the Ethereum Network, a person claiming to be the hacker said that they had seen a "bug" and wanted to make use of the vulnerability before anyone else could. What happened to the stolen digital currency?By late Wednesday, the hackers are said to have returned back $260 million dollars' worth of digital tokens. But the remaining tokens are yet to be recovered from the hackers with no one knowing what has been done to them. You might ask, "Where was the money siphoned off?" Well, the hackers had tried to transfer digital tokens from one wallet to the liquidity pool, Curve.fi. What happened to the digital money stored in the other wallets? As per Coindesk, digital money worth $100 million has been taken from one more wallet and stored in the liquidity pool, Ellipsis Finance. Who carried out the heist?No one knows who exactly carried out the heist. However, Slowmist, a digital money security firm said that the attacker's IP address, mailbox, and fingerprints have been recognized. It is hard to believe the hacker, who claims to be an ethical hacker wanting to pick out the vulnerability for Poly Network. What more? They claim they had always wanted to return the money. Experts don't believe the above narrative as it is very unlikely of an ethical hacker to rob such a whopping amount. However, they believe the difficulty to liquidate the cryptocurrency to be one of the major reasons for returning back the money. How to be safe?If you are a cryptocurrency enthusiast or a Bitcoin enthusiast, you should go through the following points to ensure your safety: 1) Any firm that guarantees the doubling of money is a scam. 2) Free money is a myth. 3) Transactions should be carried on with a registered digital money exchange firm. 4) Conduct research on the firm before investing by reading the reviews. 5) Use a two-factor recognition process to keep your account safe. User safety should be the No.1 priority!Cryptocurrencies, including Bitcoin, are vulnerable to attacks because there is a lack of regulation when it comes to cryptocurrencies. However, to make sure cryptocurrency heists do not take place, companies should fix their bugs and work on the vulnerabilities so that hackers find it difficult to crack the code. After all, user safety should be the N0.1 priority for digital money exchange firms. [link] [comments]  |
| Looking g for my perfect bot match Posted: 24 Aug 2021 03:14 PM PDT I've been looking for a bot that will allow me to do special things. I never thought that I would have to call my strategy "special", but since it has proven so difficult to find a bot to do this, well, I think it fits. I actually want to do two things. 1) I want to create a portfolio of about 20 coins in Kraken. I know there are bots that can do this, but I have not found a bot that would allow me to buy "x" amount of dollars' worth of those 20 coins (distributed according to the pre-determined proportions). I would like to do this every "y" time. For example, I would like a bot that would allow me to create a portfolio of the top 20 coins (by market cap) in Kraken, the amount of each coin will be proportional to the market cap of each coin, and I would like the bot to buy $1,000 in such proportion every 1 week. All automated.
2) I would like a bot that will buy "x" dollars of a single coin every "y" time, and I would like for "y" to range from 10 minutes to a few days. For example, buy $1 worth of Cardano every 10 minutes. (minimum limits by Kraken might make this impossible, this is just an example).
Does a bot like this exists? [link] [comments]  |
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