Kriptokoin

Surprisingly, the popular meme coin Dogwifhat (WIF) is experiencing a negative price movement in the midst of a broader cryptocurrency market rally. While Bitcoin (BTC) and altcoins are rising with positive sentiment, Dogwifhat and another popular coin POPCAT were the only two assets in the top 10 by market cap to see red.

WIF coin is experiencing a decline.

Dogwifhat first reached its intraday high of $2.95 on Saturday, May 18, promising hope. However, this optimism was short-lived and the price quickly dropped to $2.81, a decrease of 1.61%. This coincided with a roughly 33% decrease in Dogwifhat's 24-hour trading volume, indicating a potential decline in market interest.

Dogwifhat's witnessed a 5.06% price drop last week, which has raised concerns and reflects the pressure of a sustained decline. The token is currently 41.97% lower than its all-time high of $4.85, reached in March 2024. This significant decrease in both price and trading volume highlights the potential waning interest in Dogwifhat among investors.

What do technical indicators indicate?

Dogwifhat's 24-hour price chart reveals a consolidation period. Price movements are limited within a narrow range, indicating a potential accumulation or distribution phase. The technical analysis tool, Bollinger Bands, shows a balanced sentiment with the upper band at $3,400 and the lower band at $2,471. The price, hovering around $2,9355 on the middle band, further emphasizes this indecisiveness.

{"sl":"Turkish","text":" ","tl":"English"}However, the tightening of the Bollinger Bands also indicates a possible upcoming increase in volatility. A break above the $3,400 resistance level could suggest a bullish trend, while a break below the $2,471 support level could indicate further downside. The Moving Average Convergence Divergence (MACD) indicator presents a mixed picture. The MACD line shows downward momentum, while the histogram reflects small negative values, indicating weak selling pressure. This inconsistency increases the uncertainty surrounding future price movements for Dogwifhat.

Market sentiment: Bitcoin is rising

Today, the best crypto prices have recovered as Bitcoin (BTC) approaches the $67,000 level. Additionally, the Ethereum (ETH) price has also surpassed the $3,100 level. Moreover, other top-level altcoins such as Solana (SOL), XRP, and Cardano (ADA) were reflecting positive sentiment. The biggest crypto winners of the day are:

• Ondo (ONDO): The ONDO cryptocurrency price traded at $1.03, with a 17.06% increase.
• Gnosis (GNO): The price of Gnosis increased by 14.43% to $304.50.
• Pendle (PENDLE): The price of Pendle has increased by 14.20% to $4.96.
• Ordi (ORDI): ORDI price increased by 13.70% to $41.86.

To instantly be informed about the latest developments, follow us on Twitter, Facebook, and Instagram, and join our Telegram and YouTube channels!

Chainlink has announced a partnership with DTCC to facilitate the tokenization of traditional financial funds. Meanwhile, the altcoin price has risen to $20 amid a strong surge in whale activity. In the last five weeks, 564 more whales have become over 100,000 LINK holders.

Chainlink has partnered with DTCC!

In a major announcement, blockchain oracle Chainlink has partnered with the Depository Trust and Clearing Corporation (DTCC), the world's largest settlement system. These two players will work with several top financial banks in the US. Under this partnership, they aim to increase the tokenization of traditional financial funds.

We're excited to share the results of a new Smart NAV industry pilot between @The_DTCC, Chainlink, and 10 of the world's largest financial institutions that delivered key mutual fund data onchain.

Full report:

The significance for fund tokenization 🧵 pic.twitter.com/74zocXa2s0

— Chainlink (@chainlink) May 16, 2024

DTCC reported that Chainlink is conducting its Smart NAV Pilot program with the aim of standardizing the way funds provide NAV data across different Blockchain platforms by leveraging the Cross-Chain Interoperability Protocol (CCIP). In this regard, DTCC noted:

By on-chain structured data and establishing standard roles and processes, the pilot program revealed that the underlying data can be embedded in a multitude of on-chain use cases, such as tokenized funds and 'mass consumer' smart contracts, which are contracts that hold data for multiple funds.

Enthusiasm for tokenization is increasing

The pilot program will encourage future industry research. In addition, brokerage services will provide automated data distribution and better access to historical data for funds. In this regard, it unleashes capabilities that will facilitate a large number of downstream applications. Leading U.S. banking firms participating in the pilot include American Century Investments, BNY Mellon, Edward Jones, Franklin Templeton, Invesco, JPMorgan, MFS Investment Management, Mid Atlantic Trust, State Street, and U.S. Bank.

There is a growing enthusiasm for the tokenization of real-world assets among large traditional financial institutions. On March 19, BlackRock introduced a tokenized money market fund called BUIDL on its Ethereum network. In this way, BlackRock aims to provide its customers with local US dollar yields.

Strong whale activity drives altcoin price higher

Oracle service provider Chainlink (LINK) recorded strong rise following the news of its partnership with DTCC. The altcoin price has increased by a staggering 15% in the last 24 hours. LINK is currently trading at $16.09 with a market cap of $9.44 billion. Furthermore, LINK's daily trading volume has surpassed $1 billion, a significant increase of 200%. On-chain data provider Santiment noted that the recent Chainlink price rally took place against the backdrop of strong LINK whale activity. This, in turn, set LINK apart from the broader cryptocurrency market.

Meanwhile, the number of LINK whales (addresses holding 100,000 LINK or more) has risen to 564. Thus, in just five weeks, the number of whales increased by 4.6%. Santiment notes that if social dominance remains stable and FOMO (Fear of Missing Out) does not dominate, rise conditions are on the horizon for LINK.

Follow us on Twitter******,* Facebook* and* Instagram* and* Telegram and YouTube join our channel to stay up to date with breaking news!

Crypto the money market has a mixed outlook. Some altcoin, such as leader crypto Chainlink, have seen double-digit increases, while others are moving in the red zone. leader crypto Bitcoin is trying to overcome the resistance at $66,000. In this turbulent atmosphere, a whale loaded the CEX with about 56 billion XRP coins. These transactions created a fall trend on the Ripple-backed token. Elsewhere, there were 3 altcoin in the focus of whales.

Whales put these 3 altcoin at the top of the list!

As you can see from Kriptokoin.com, even if the market recovers, it seems indecisive to move forward. However, whales are on the move. According to Nansen data, 3 altcoin are at the top of the fund inflow tracking list in the 24-hour Ethereum network of whales. Nansen shared the top three fund inflows at the top of the list:

• BAL: $11.66 million in admissions. Token is currently trading at $3.46.
• CHZ: $2.34 million in admissions. Token is currently trading at $0.1168.
• SHIB: $1.71 million in admissions. Token is currently trading at $0.00002448.

A giant whale moved 56 million XRP Coins to exchanges!

Against the backdrop of the consolidation witnessed by XRP, a cryptocurrency backed by Ripple Labs, the whale activity surrounding the token has once again attracted significant attention among crypto market participants. According to on-chain data, a famous XRP Coin whale has uploaded about 56 million coin to CEX s in the last 24 hours. This, in turn, has created a stir in the crypto community.

The transfer of a significant amount of XRP coins to exchanges has created a wave of fall towards the token's cryptographic initiative. According to Whale's on-chain information, the whale moved 56.01 million XRP in several transactions over the past day. Interestingly, both operations were carried out by the same leading XRP whale '... Rzn' did. In the first transaction, XRP 29.98 million was moved to Bitso, a CEX based in Mexico City. In the second transaction, XRP 26.03 million was shifted to Bitstamp, a CEX based in Luxembourg City.

### XRP Coin price performance

These transactions underlined a growing selling pressure on XRP Coin in the market. In parallel with the falling market movement today, the price of XRP Coin has fallen. On-chain data, on the other hand, added fall trend to the 7th largest cryptocurrency by market capitalization. At the time of writing, the price of XRP Coin has fallen by 0.54% in the last 24 hours. Token is currently trading at $0.5161. Token's 24-hour trading volume also fell 9.34% to $1.09 billion,

Follow us on Twitter******,* Facebook* and* Instagram* and* Telegram and YouTube join our channel to stay up to date with breaking news!

Analysts say altcoins are a 'relatively big' risk as the days of big returns are behind us. Markus Thielen, head of research at 10xResearch, agrees that there are "tactical opportunities" for altcoins. However, he notes that they did not have the big gains seen in previous cycles.

Markus Thielen: Tactical opportunities exist, but...

According to analysts, big gains are now less likely due to the weak narratives driving the crypto market. For this reason, altcoins are leaning towards the former high-risk, high-bounty theory. Markus Thielen, head of research at 10xResearch, said: "Tactical opportunities exist. "However, the era of 100x returns may be behind us." The market predicts a bull market for altcoins this year. Despite this, Thielen warns that "individual participation remains low, and several new projects have emerged that attract non-crypto native traders."

Thielen says that altcoin bull markets in the past have had "distinct characteristics" that have attracted more money, but this cycle has seen "tighter capital, evidenced by lower total value locked and a scarcity of venture capital investments." In this regard, Thielen added, "In the last cycle, the discourse that crypto would replace traditional financial systems was widely adopted, but the rhetoric of this cycle is more ephemeral and lacks significant support."

Michael van de Poppe: A portfolio that mainly includes altcoins is a big risk!

Earlier this week, Solana-based memecoin GameStop (GME) surged 2,727% as GameStop's stock price soared after trader Keith Gill posted a meme from his "Roaring Kitty" X account for the first time in nearly three years.

During the price increase of GameStop shares, GameStop briefly rose 2,727%. Source: CoinMarketCapMN Michael van de Poppe, founder of trading consultancy and popular analyst, weighed in on this topic. Poppe claimed that a portfolio that predominantly includes altcoins poses a "relatively large" risk. The analyst asked, "What is the downside of this bet? It's comparatively huge. As soon as I published the post, I experienced a fall of around 20% in total investment within 1-2 weeks." Despite the risk, van de Poppe recently revealed that he had switched to altcoins by selling all of his Bitcoin (BTC), claiming that he could "lose 50-80%."

Fabio Andreatta: It's doubtful that there will even be a subseason!

However, crypto investor Fabio Andreatta is skeptical that "there will even be a subseason." In response to van de Poppe's X post, Andreatta said, "All you're doing is increasing your risk. You are very unlikely to outperform Bitcoin. "Most altcoin will never reach their ATH again."

As you can see from Kriptokoin.com, Bitcoin's dominance shows that the broader market is shifting capital away from altcoins. According to TradingView data, Bitcoin dominance has increased by 2.12% in the last 7 days to 56.05%. Thus, Bitcoin dominance approached an all-time high.

Follow us on Twitter******,* Facebook* and* Instagram* and* Telegram and YouTube join our channel to stay up to date with breaking news!

The U.S. Senate has voted to repeal the controversial rule SAB 121, which would have significantly impacted SEC's custodial cryptocurrency services in banks. Ripple CLO Stuart Alderoty praised the Senate's decision. He also criticized it as a victory over SEC's overreach. The rule would force banks to list their customers' cryptocurrency holdings on their balance sheets.

Ripple CLO applauds Senate's SAB 121 resolution

The U.S. Senate has voted to repeal a controversial rule proposed by the Securities and Exchange Commission (SEC), which would pose a significant threat to custodial services for cryptocurrencies in banking institutions. Ripple Chief Legal Officer (CLO) Stuart Alderoty praised the move, emphasizing that it was a great victory. Alderoty called SEC's move an "unauthorized overreach" by SEC President Gary Gensler.

"Crypto Mom" criticized SEC's inconsistent approach!

As a result of the vote, this rule, known as SAB 121, was repealed. The rule required banks to include their customers' cryptocurrency holdings in their balance sheets. This requirement has received backlash from both the banking industry and the cryptocurrency industry. Experts said that this rule will significantly complicate custodial services. In addition, experts suggested that due to the volatile nature of cryptocurrencies, it will negatively affect the financial statements of banks. Industry leaders, including MicroStrategy co-founder Michael Saylor, have underlined the need to protect the rights of cryptocurrency holders. In this regard, they expressed their approval of the Senate's decision.

SEC Commissioner Hester Peirce, who is often referred to as the "Crypto Mother" for her positive attitude towards digital assets, also criticized the agency's inconsistent approach to regulating custodial services for digital assets. His critique is in line with a broader industry perspective that sees SEC's latest move as part of a messy approach to cryptocurrency regulation, which could hinder innovation and growth in the industry.

Ripple CLO draws attention to bipartisan support!

Stuart Alderoty noted the importance of bipartisan support in legislative efforts affecting the cryptocurrency industry. The recent vote demonstrates the need for a balanced approach to regulating digital assets. Along these lines, it reflects a growing consensus among U.S. lawmakers. This unity is crucial as the industry strives to positively influence future legislation. Because the highly anticipated stablecoin bill is still on the table.

The Senate's decision to block SEC's rule is seen as a preventative measure against potential overregulation. There was criticism that this rule would discourage innovation and infringe on digital asset ownership rights. This legislative action marks a more measured and informed approach to digital currency regulation, which Ripple CLO Alderoty believe will support the growth and mainstream adoption of cryptocurrencies.

Elizabeth Warren asked for a No vote on her crypto bill!

U.S. Senator Elizabeth Warren has long criticized digital assets, linking them to terrorism and abuse. As you may have seen from Kriptokoin.com**, he published a letter last month highlighting his concerns about the stablecoin. In his letter, he claimed that they were exploited by terrorist organizations and rogue nations. According to Elizabeth Warren, the lack of solid regulatory frameworks around digital assets is pretty bad. The lack of regulation makes them vulnerable to abuse and scams. This, in turn, endangers the financial system

Warren's stance is based on his belief that strict surveillance is required to prevent illegal activity. Accordingly, the Senator called for a NO vote on the bill. Thus, he demonstrated his broader skepticism towards crypto and their integration into the mainstream financial sector. The senator says that without adequate measures, the financial system will be exposed to new vulnerabilities. This, in turn, will potentially lead to significant financial instabilities, he says.

Follow us on Twitter******,* Facebook* and* Instagram* and* Telegram and YouTube join our channel to stay up to date with breaking news!

Crypto money market witnessed a significant increase on Wednesday, May 15, following the release of the latest US inflation data. Bitcoin (BTC) has emerged as a star player, surpassing the $66,000 mark for the first time since April 24. In just 24 hours, it recorded a remarkable 7% increase. This rise trend is attributed to a combination of factors, the most prominent of which is the U.S. Consumer Price Index (CPI) data.

Bitcoin price rises on low inflation data

As we reported in Kriptokoin.com, the CPI report revealed a pleasant surprise: core inflation fell to a 3-year low of 3.4%. This positive development has triggered increased activity in the Bitcoin market and has attracted a lot of interest, especially from major global banks. This correlation between low inflation and increased investment in crypto assets points to a potential shift in investor sentiment. Bitcoin can increasingly be seen as a hedge against economic uncertainty, offering a store of value that is not as inflation-sensitive as traditional assets.

In addition, positive inflation figures signal the possibility of an imminent interest rate cut in the US. While the Fed maintains its cautious wait-and-see approach, recent data may prompt them to accelerate their timelines. However, some concerns remain about the fall pace of inflation, limiting the scope of possible rate cuts later this year.

Institutional investor interest is growing

Another major factor behind Bitcoin's price increase is the growing institutional interest, especially in Bitcoin Exchange Traded Funds (ETF s). Recent filings to Securities and Exchange Commission (SEC) have revealed that leading banks such as JPMorgan, Wells Fargo, UBS, and Bank of Montreal have made significant investments in their Bitcoin ETF. These statements played an important role in supporting Bitcoin's market capitalization.

Further boosting the market's momentum are investments from organizations such as the State Board of Investments of the State of Wisconsin, which recently allocated $99 million to BlackRock's Spot Bitcoin ETF. The ETF market is brimming with anticipation as more institutions are expected to join the game. Particularly noteworthy is the recent appointment of Salim Ramji, the former head of global ETF at BlackRock, as Vanguard's CEO. Vanguard, which has previously taken a negative stance on its spot Bitcoin ETF, may reconsider its position under Ramji's leadership, potentially leading to an even greater influx of corporate influence.

Some altcoins also joined the party

The positive sentiment surrounding the Crypto market was not limited to Bitcoin. Memecoins, which have recently faced a sharp correction along with other crypto assets, have also experienced a significant rally. The fact that the US inflation data came in below expectations with a monthly rate of 0.3% played an important role in this revival. Falling rates often lead to increased risk appetite for investors, encouraging them to allocate funds to riskier assets such as memecoins.

The memecoin's market capitalization witnessed an 8.8% increase, while their Solana memecoin maintained their lead with an 11.8% gain. Dog-themed tokens such as the ever-popular Shiba Inu and Dogecoin (DOGE) also experienced a healthy rise of 6-7%. In addition, Floki (FLOKI) and Pepe (PEPE) increased by 10 percent and 6 percent, respectively. Arweave (AR) and Wormhole (W) are also among the top 100 rising coins by market capitalization.

Follow us on Twitter****, Facebook*, and Instagram** and* Telegram and YouTube join our channel to stay up to date with breaking news!

Crypto currency industry has been rocked by the hacking of two major DeFi protocols, ALEX Lab and Sonne Finance. Because millions of dollars worth of cryptocurrency were stolen. Here are the details...

$4.3 million hack at Alex Labs

On May 15, ALEX Lab, a Bitcoin DeFi app, reported a hacking incident that resulted in the theft of more than $4.3 million in various tokens. Security researchers at CertiK believe that the attackers gained access to a private key that controls ALEX's XLink bridge, a key service that facilitates the transfer of tokens between different blockchains. The stolen funds included $300,000 worth of Bitcoin, $3.3 million worth of stablecoin, and $75,000 worth of Sugar Kingdom (SKO) tokens.

🚨 > #CertiKInsight

We have seen a suspicious transaction affecting @ALEXLabBTC

Initial evidence points to a possible private key compromise.

Deployer of 0xb3955302E58FFFdf2da247E999Cd9755f652b13b upgrades to a suspicious implementation.

In total ~$4.3m worth of assets have... pic.twitter.com/02kiw2dFrm

— CertiK (@CertiK) May 14, 2024

Following the attack, ALEX Lab developers confirmed the breach and, surprisingly, claimed to have identified the culprit. In a bold move, they offered a 10% bounty in exchange for the return of 90% of the stolen cryptocurrency, effectively trying to negotiate a rescue with the hacker. The team stressed that the deadline for the hacker to comply is May 18 and promised that no legal action would be taken in exchange for their cooperation.

Sonne Finance hacked: $20 million in cryptocurrency drained

Just a few hours before the ALEX Lab incident, the lending protocol Sonne Finance became the target of another cyberattack. On the night of May 15, Web3 security firm Cyvers detected suspicious activity indicating an ongoing exploit targeting Sonne Finance's USD Coin (USDC) and Wrapped Ether (WETH) contracts. Unfortunately, by the time Sonne Finance admitted to the attack, the hacker had already escaped with a staggering $20 million worth of cryptocurrencies, including WETH, VELO (VELO), soVELO, and Wrapped USDC (USDC.e).

#PeckShield @SonneFinance exploiter-labeled address has transferred $7.8M worth of cryptos, including 100 $WBTC & 556.1 $ETH, to a new address 0x6277... 4c07 #Optimism pic.twitter.com/g4oiP5akr4

— PeckShield (@PeckShield) May 15, 2024

Sonne Finance immediately ceased operations on the Optimism platform and partnered with Cyvers to investigate the breach. Recognizing the potential benefits of a collaborative approach, Sonne explored the possibility of offering a bug bounty to the hacker. This strategy usually involves the hacker returning the majority of the stolen funds in exchange for a bounty, usually around 10%, as compensation for detecting a security flaw.

Hacker, moving funds

But contrary to the ALEX Labs scenario, negotiations with the Sonne Finance hijacker seem to have hit a roadblock. Blockchain researcher PeckShield revealed that the hacker moved a significant portion of the stolen funds ($7.8 million) to a new wallet address. It's a move that suggests an intention to distance themselves from crime. Further analysis shows that the hacker is trying to launder the stolen funds through a privacy protocol such as Tornado Cash, making them even more difficult to trace.

The @SonneFinance team deployed the $VelodromeV 2 market contract 4 days ago:

Then, two days ago, they scheduled an operation to add $VelodromeV 2 to the market:

Here's the problem: It's been over a year since the First Deposit... pic.twitter.com/z8hRI7I0fX

— PoorBabyCorn (💙,🧡) (@GiantBabyCorn) May 15, 2024

Sonne Finance's post-mortem analysis revealed a critical detail: The attack exploited a known bug in Sonne's Compound v2 forks. This statement sparked outrage in the crypto community, with some accusing Sonne Finance of willful negligence. Community member PoorBabyCorn questioned the platform's decision to use a known flawed system, hinting at the possibility of a "pre-engineered backdoor."

As reported by Kriptokoin.com, reports of a separate attack targeting BlockTower Capital emerged in the morning. While details have yet to come to light, sources close to the matter suggest that BlockTower's main hedge fund has been partially compromised, resulting in the loss of an undisclosed amount of funds. The stolen funds are yet to be recovered, and BlockTower has reportedly deployed blockchain experts to track down the stolen assets and detect the security breach. The firm, which manages an estimated $1.7 billion in assets, has yet to make a public statement about the incident.

Follow us on Twitter****, Facebook*, and Instagram** and* Telegram and YouTube join our channel to stay up to date with breaking news!

Retail investors' interest in the struggling video game chain GameStop has been rekindled with the emergence of phenomenon Keith Gill, better known as Roaring Kitty. On top of that, GameStop shares soared over 100% in early trading on Wall Street.

Keith Gill disappeared in June 2021 after posting a video of kittens falling asleep on his X account. However, he resurfaced on Sunday by sharing an image of a person sitting in a chair suddenly moving from a hunched position to a position with his back straight. This image, which is almost identical to the image that GameStop published in February with the title "Casual to Competitive", caused the company's shares to skyrocket once again.

As it will be remembered, Gill played a significant role in the GameStop craze during the pandemic. The influencer encouraged Reddit investors to target hedge funds that profited by short-selling the video game company, which they feared would go under. The stock's price also rose by over 2,000 percent. For this reason, Gill's return has excited the cryptocurrency community.

In particular, whales have been observed to flock to new projects Sealana (SEAL), Dogeverse (DOGEVERSE) and 99Bitcoins.

Sealana (SEAL) – A Coin That Attracted Whale Attention With Its Resemblance To Slothana

Built on the Solana blockchain, Sealana (SEAL) burst onto the scene with a hilarious story revolving around the figure of a chubby seal who is bent on achieving wealth through cryptocurrency.

Investors found the project intriguing, which led to the purchase of a significant amount of Sealana tokens, raising over $840K in funding over a two-week period through the presale.

People interested in participating in the presale have the opportunity to acquisition their SEAL tokens at a price of $0.022 per token before they are put up for sale on the public market. Unlike some breast coin, the SEAL does not have any practical uses or applications.

The project follows in the footsteps of earlier successful meme coin such as BOME, SLERF, and SLOTH. It adopts a relaxed stance with no predetermined upper limit, and users can invest by sending SOL to the pre-sale wallet address.

In addition, it is also possible to purchase Sealana directly from the website. The project was recently launched on Ethereum and BSC, making it multi-chain, which provides more avenues to buy and the potential for greater liquidity.

Dogeverse (DOGE) – Whale Favorite Coin with Over $15 Million Presale

Dogeverse is positioned as an innovative (DOGE) doge-themed cryptocurrency. It is the first of its kind, successfully incorporating multi-chain capabilities into the industry, bringing a unique application to the industry. Due to this marginality, whales are accelerating their purchases of Dogeverse tokens.

The project is currently running on six leading smart contract-enabled blockchains, namely Ethereum, Base, Solana, BSC, Avalanche, and Polygon.

While Dogeverse's use case offers a unique perspective, it also promises significant potential benefits. Dogeverse's widespread accessibility significantly increases its capacity to attract investment. This paves the way for significant price increases after being listed on stock exchanges.

The project's staking mechanism is also quite remarkable. Considering that the annualized yield is set at 58%, with 25% of the total supply set aside to fund staking rewards, it seems that there is long term potential. However, it's important to keep in mind that the rate will decrease as more tokens are staked.

The presale of Dogeverse is currently underway and has already raised over $15 million in funding. However, the presale event is nearing its end, and listings on exchanges will come later. Therefore, those who want to buy Dogeverse tokens need to act quickly.

The 99Bitcoins (99BTC) presale plans to breathe new life into the industry as a recently launched cryptocurrency education initiative. The Learn-to-Earn platform, which purchased more than $1.2 million in 99Bitcoins tokens at the presale event, is preparing to be listed on various exchanges in the coming weeks.

The Learn & Earn concept is an innovative approach that incentivizes users to develop their expertise and competence in the cryptocurrency space. By using the 99BTC token, individuals can obtain crypto through the completion of courses and further their level of education, rather than simply consuming online content.

By using the 99Bitcoins education site, users can access tutorial videos and take quizzes to evaluate what they have learned. As users complete more learning modules, they earn a larger amount of 99BTC. This serves as an incentive for everyone to constantly improve their knowledge.

On the other hand, according to the 99Bitcoins token project's whitepaper, the project plans to transition 99BTC from a ERC-20 token to the new BRC-20 standard on the Bitcoin network.

In addition, the team has also offered a substantial BTC reward worth $99,999 to the first community members. With Airdrop, planned exchange listings, and the potential for cross-chain integration, the 99Bitcoins token is set to make its presence in the cryptocurrency education sector this year.

Disclaimer: This is a sponsored content and press release and does not necessarily reflect the views of the Kriptokoin.com team. The high risk of loss in leveraged transactions and cryptocurrency investments must be taken into account, and extensive research should be done before investing in any platform.

Follow us on Twitter,* Facebook* and Instagram* and join our Telegram* and YouTube channel to stay up to date with breaking news!

According to sources familiar with the matter, leading cryptocurrency investment firm BlockTower Capital has been hit by a recent hack that saw scammers partially deplete its main hedge fund. This incident underscores the growing vulnerability of the crypto space to cyberattacks.

Hack shock to Crypto money investment company

Details about the hack are still limited as BlockTower has yet to release an official statement. Sources close to the company, who spoke anonymously to Bloomberg, revealed that the attackers managed to exploit the vulnerabilities and manage to get hold of a portion of BlockTower's total Assets Under Management (AUM), which is currently worth over $1.7 billion, according to PitchBook data.

Hacking incidents are on the rise again

The BlockTower hack contributes to the growing trend of cyberattacks in the cryptocurrency industry. The notorious North Korean hacking group Lazarus Group has been linked to numerous incidents, often using crypto mixing services such as Tornado Cash to launder stolen funds.

Just last week, a scammer stole over $71 million worth of WBTC tokens. However, the stolen funds were later returned. In another recent coup, the leading Bahraini cryptocurrency exchange "Rain" became the victim of a significant hack on April 29, 2024. The hack resulted in $14.8 million in losses across Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Ripple. This breach was spotted by blockchain security expert ZachXBT, who flagged suspicious activity on Rain's platform, which ultimately led to the discovery of the attack.

Robust cyber security measures should be taken

As Crypto assets continue to gain mainstream adoption, robust cybersecurity measures are crucial in protecting investor funds. The industry needs to prioritize collaboration between exchanges, security firms, and regulatory agencies to develop and implement effective countermeasures against cyber threats. Investors, on the other hand, should do their due diligence when choosing platforms to store their cryptocurrency assets on and be wary of potential scams and phishing attempts.

Follow us on Twitter****, Facebook*, and Instagram** and* Telegram and YouTube join our channel to stay up to date with breaking news!