The leading cryptocurrency Bitcoin (BTC) has dumped 7.5% in the past 12 hours, plunging to 6-month lows from $43,328 yesterday to $38,258 by 4 am UTC today. Today’s price crash has so far wiped about $50 billion from the overall crypto market. The total crypto market cap has been on a slow decline since early […]

It is crypto mayhem as markets dump $230 Billion in Massive Red Friday Selloff. The crypto markets saw a massive 11% chiseling off of its values in the past 12 hours. The Bloomberg crypto suggests that BITCOIN(BTC) could be reaching its bottom, but angry responders have come down heavily on Bloomberg and accused them of

The post Crypto Mayhem Grips Markets, $230 Billion Decimated In Massive Red Friday Selloff appeared first on CoinGape.

In simple language, a security token is a blockchain-based "share" of an underlying asset, such as a company, real estate, or gold.

The post Security Tokens: What They Are and How to Invest (in 2022) appeared first on Bitcoin Market Journal.

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Bitcoin cash price started a fresh decline from the $400 resistance against the US Dollar. The price is now trading below the $380 zone and the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support near $365 on the 4-hours chart of the BCH/USD pair (data feed...

The post Bitcoin Cash Analysis: Risk of Drop To $300 appeared first on Live Bitcoin News.

In a statement on its website today, Crypto.com revealed fresh details concerning a recent hack on its platform, stating that 483 of its customers were affected and that unauthorized withdrawals of over $15 million in ETH, $19 million in BTC, and $66,200 in ‘other currencies’ occurred. The total losses, which amount to more than $34 million at today’s cryptocurrency prices, are more than analysts had projected before Crypto.com’s announcement. The company’s post-mortem came just one day after CEO Kris Marszalek admitted the breach in a Bloomberg TV interview. After many Crypto.com users claimed their funds had been stolen, he confirmed the breach, which had previously been received with cryptic responses from the corporation, referring only to an ‘event.’ During the interview, Marszalek did not reveal how the hack occurred, but he did disclose that Crypto.com has refunded all affected accounts. According to today’s announcement, Crypto.com discovered the suspicious activity on Monday, when ‘transactions were being approved without the user entering the 2FA authentication control.’ To investigate the problem, the site temporarily halted all withdrawals for 14 hours. The attacker was able to approve transactions without triggering 2FA, which is required for all users, according to Crypto.com. Customers were asked to enter into the platform and set up their 2FA tokens again after the company ‘revoked all client 2FA tokens and added additional security hardening measures,’ according to the company. Users will be warned and have ‘enough time to react and respond’ by contacting the Crypto.com staff if the withdrawal appears to be unlawful. The extra precautions include a mandatory 24-hour delay between the registration of a new withdrawal address and the first withdrawal. Following the incident, the company undertook an internal investigation and hired third-party security experts to examine its platform, according to the company. To improve security, it announced plans to move away from two-factor authentication and toward ‘real multi-factor authentication,’ though it did not provide a date. In a statement today, Crypto.com also stated that ‘beginning February 1st, the Worldwide Account Protection Scheme (WAPP) will be introduced in select regions,’ a programme that will recover cash up to $250,000 for “eligible consumers” in the event of an unauthorized withdrawal. Users must enable multi-factor authentication on all transaction types where it is available, set up an anti-phishing code at least 21 days prior to the reported unauthorized transaction, file a police report and provide it to Crypto.com, complete a forensic investigation questionnaire, and not be using a jailbroken device to qualify for the programme, according to the company. While Crypto.com is the world’s fourth-largest cryptocurrency exchange, it has been aggressively expanding its presence in the United States in recent months, with stunts such as viral advertisements starring actor Matt Damon and a $700 million purchase of the naming rights to the Los Angeles Lakers and Clippers Arena. It bills itself as the ‘fastest-growing’ cryptocurrency exchange, and earlier this week announced a $500 million expansion of its venture capital arm to support early-stage crypto businesses. The consequences from this week’s hack, as well as the company’s tardy response, may threaten to halt some of the company’s expansion in the United States.

The post 2FA Compromise Led to $34M Crypto.com Hack appeared first on Cryptoknowmics-Crypto News and Media Platform.

    Fat Cat merry go round I sometime think of all the striving technical geniuses doing their best to earn a crust through proper innovation and then along comes a story that makes me wonder if it is all worthwhile. The Daily Telegraph today reported that ex Credit Suisse CEO Tidjane Thiam is making […]

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Ethereum extended decline below the $3,000 support zone against the US Dollar. ETH price could extend losses towards the $2,650 support in the near term. Ethereum extended decline below the $3,050 and $3,000 support levels. The price is trading below $3,000 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $3,120 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend losses if there is a clear move below the $2,800 support zone. Ethereum Price Dives 8% Ethereum failed to gain strength above the $3,250 level and started a major decline. ETH formed a high near $3,272 before there was a major decline. There was a sharp move below the $3,120 and $3,050 support levels. Besides, there was a break below a key bullish trend line with support near $3,120 on the hourly chart of ETH/USD. Ether price even settled below the $3,000 level and the 100 hourly simple moving average. The price spiked below the $2,900 level and traded as low as $2,808. It is now consolidating losses above the $2,800 level. An initial resistance is near the $2,900 zone. It is close to the 23.6% Fib retracement level of the recent decline from the $3,272 swing high to $2,808 low. The first major resistance is near the $3,000 level or the 50% Fib retracement level of the recent decline from the $3,272 swing high to $2,808 low. Source: ETHUSD on TradingView.com If there is an upside break above $3,000 resistance, zone, the price could rise towards the 100 hourly simple moving average. The next major resistance is near the $3,200 level. More Losses in ETH? If ethereum fails to start a recovery wave above the $2,900 level, it could continue to move down. An initial support on the downside is near the $2,820 level. The first key support is now forming near the $2,800 level. A downside break below the $2,800 level might start another strong decline. The next major support for the bulls may perhaps be near the $2,650 zone. Any more losses could push the price towards the $2,500 level. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining pace in the bearish zone. Hourly RSI – The RSI for ETH/USD is now in the oversold zone. Major Support Level – $2,800 Major Resistance Level – $3,000

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Bitcoin started a strong decline from the $43,500 resistance against the US Dollar. BTC remains at a risk of more downsides below the $39,200 support. Bitcoin started a major decline after it failed to clear the $43,500 resistance. The price is still trading below $41,000 and the 100 hourly simple moving average. There was a break below a major bullish trend line with support near $42,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to move down if there is a break below the $39,200 support. Bitcoin Price Declines Heavily Bitcoin price gained pace for a move above the $42,500 level. However, BTC struggled to gain pace for a move above the $43,500 resistance zone. A high was formed near $43,497 before the bears appeared. As a result, there was a fresh decline below the $42,000 support level and the 100 hourly simple moving average. Besides, there was a break below a major bullish trend line with support near $42,000 on the hourly chart of the BTC/USD pair. There was a fresh decline below the $41,200 support zone. Bitcoin even declined below the $40,000 support zone. A low is formed near $39,261 and the price is now consolidating losses. On the upside, an initial resistance is near the $40,250 level. It is near the 23.6% Fib retracement level of the recent decline from the $43,497 swing high to $39,261 low. The first major resistance is near the $40,500 level. An upside break above the $40,500 resistance could start a steady recovery wave towards $41,200. Source: BTCUSD on TradingView.com The next key resistance is near the $41,200 level, above which the bulls might aim a test of $42,500. Any more gains may perhaps call for a move towards the $43,500 resistance zone. Fresh Drop in BTC? If bitcoin fails to start a fresh increase above $40,500, it could start a fresh decline. An immediate support on the downside is near the $39,500 zone. The first major support is seen near the $39,200 zone. A downside break below the $39,200 support zone may perhaps spark another major decline. The next major support is near $38,500, below which the price could even decline below the $38,000 zone. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is in the oversold zone. Major Support Levels – $39,500, followed by $39,200. Major Resistance Levels – $40,250, $40,500 and $41,200.

If it were measured as a country, then cyber-crime — which is predicted to inflict damages totaling $6 trillion globally in 2021 — would be the world’s third-largest economy after the U.S. and China. Well, that’s quite an impressive yet unfortunate statistic. Now, different news had circulated in the past describing the highly sophisticated hacks […]

METALIFETECH has officially announced the launch date of its upcoming Presale Offering of its unique BSC-based utility token, $MTLT, which will commence on January 22, 2022 at 17:00 UTC. Meta Life Tech is a new project with a promising roadmap that is going to shake up the cryptocurrency and Metaverse market.

METALIFETECH token presale begins on January 22, 2002.

What is METALIFETECH

METALIFETECH is a rapidly expanding DeFi gaming and NFT platform that integrates some of the most renowned aspects of blockchain and brings users to the realm of Web3. The platform is built on the Binance Smart Chain (BSC), ensuring that METALIFETECH provides a high-quality experience to its community members.

METALIFELAND wants to bring together the new generation technologies with the younger generations. The term "META" refers to the most prevalent technology in use today. The word "LIFE" will bring you new experiences that will have an impact on your life. The term "TECH" on the other hand, implies creating an infrastructure for software and physical advantages from technology from which we may gain the most. Finally, METALIFETECH's goal is to create next generation METAVERSE technologies while also teaching the next generation.

For many individuals today, access to technology is still regarded as a privilege. METALIFETECH believes that this is not a privilege, but rather a right for every student worldwide. As a result, METALIFETECH wants to offer technology classes for kids who do not have access to technology and provide them with the opportunity to do so.

$MTLT Presale on CoinTool

METALIFETECH presale will commence on January 22, 2022 with the sale supply of 1,403,083,500 MTLT (1.4 Billion). 

Presale is expected to have a soft cap of 1000 BNB and a hard cap of 1900 BNB. The exchange proportion for the presale is set at 738,465 MTLT per BNB. The minimum amount required to enter the pre-sale is 0.05 BNB, with a maximum amount of 6 BNB.

The presale will end on February 13, 2022.

METALIFETECH Ecosystem

METALIFETECH has an anti-whale mechanism that prohibits any investor from having a massive wallet. METALIFETECH avoids big sales and price reductions using the anti-dump function.

METALIFETECH also has a Buyback Wallet Feature. The amounts in the tax fee deducted to this wallet are automatically swapped and come to the wallet as BNB. BNB, which is retrieved in the wallet, was created to keep the price stable, to prevent significant price drops, and to protect investors and the community from losses.

Holders of MTLT are rewarded with 3% of every transaction completed. It is the goal of automatic lp to protect our community from damage and to make the price considerably more stable.

Tokenomics

Name: METALIFETCH Token

Ticker: MTLT

Network: Binance Smart Chain (BSC)

Contract Address: 0xb35950fecb2dc277ca1240bcc49c595d8e046625

Presale Price: 1 BNB = 738,465 MTLT

Liquidity Lock: 5 Years

Max Supply: 10,000,000,000 MTLT  (10 Billion)

• Presale — 1,400,000,000 MTLT — 14%

• Liquidity — 1,000,000,000 MTLT — 10%

• Buyback Wallet — 200,000,000 MTLT — 2%

• Developer Wallet — 500,000,000 MTLT — 5%

• Team Wallet — 1,000,000,000 MTLT — 10%

• Owner Wallet — 900,000,000 MTLT — 9%

• Burn — 5,000,000,000 MTLT — 50%

KYC Verified and Audited

Future Plans

METALIFETECH has a promising future ahead of it, with substantial objectives. The development team is working on a number of projects that will increase the community's utility and accessibility in both the short and long term. Upcoming features include listings on major centralised exchanges by the end of 2022, establishing the METALIFELAND virtual universe and enabling people to interact with each other socially and culturally in this universe, announcement of the pilot school and starting to setup the technology class, establishing a very special NFT work collection and NFT sales platform to be created by students who are given the opportunity to study, offering never-before-seen utilities set to shake up the world Metaverse world.

Further details are available on METALIFETECH's official website, Twitter, and Telegram.

About METALIFETECH:

METALIFETECH is a rapidly expanding DeFi gaming and NFT platform that integrates some of the most renowned aspects of blockchain and brings users to the realm of Web3. The platform is built on the Binance Smart Chain (BSC), ensuring that METALIFETECH provides a high-quality experience to its community members.

METALIFETECH's goal is to create next generation METAVERSE technologies while also teaching the next generation. METALIFETECH believes that access to technology is not a privilege, but rather a right for every student worldwide.

Telegram | Twitter | Reddit | Youtube | Facebook | Instagram

References:

Whitepaper: https://www.metalifetech.com/whitepaper.pdf

Contract Address: https://bscscan.com/address/0xb35950fecb2dc277ca1240bcc49c595d8e046625#code 

Audit: https://github.com/Tech-Audit/Smart-Contract-Audits/blob/main/TECHAUDIT_METALIFETECH.pdf

Disclaimer:

None of the information in the above release  should be construed as providing legal or financial advice. Please note there are always risks associated with smart contracts. Please use at your own risk. NEWSCALL or METALIFETECH TOKEN is not a registered broker, analyst or investment advisor. If you are willing to purchase METALIFETECH TOKEN, you agree that you are not purchasing a security or investment. The NEWSCALL or METALIFETECH team can not be held liable for any losses or taxes you may incur. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.

For similar releases, contact press@newscall.co.