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Coinbase’s Ethereum Layer-2 Solution’s Total Value Locked Hits New All-Time High, Reaches $742,000,000

Coinbase’s Ethereum Layer-2 Solution’s Total Value Locked Hits New All-Time High, Reaches 2,000,000

The total value locked (TVL) in Base, Coinbase’s Ethereum (ETH) layer-2 scaling solution, has hit a new all-time high, reaching nearly $750 million. New data from layer-2 blockchain tracker L2Beat reveals that the TVL of Base is hovering at $742 million at time of writing, a new record high and an exponential rise since July […]

The post Coinbase’s Ethereum Layer-2 Solution’s Total Value Locked Hits New All-Time High, Reaches $742,000,000 appeared first on The Daily Hodl.

Venezuelan State Oil Company to Accelerate USDT Adoption for Settlements; Tether Vows to Uphold OFAC Sanctions

Phishing victim sends eye-watering $4.5M in USDT to scammer

On-chain data shows the $4.5 million was first transferred from the Kraken crypto exchange, before eventually arriving at an address purportedly owned by a scammer.

An unwitting cryptocurrency holder has reportedly fallen victim to an eye-watering $4.46 million phishing scam.

According to data from Etherscan, $4.46 million in Tether (USDT) was withdrawn from a Kraken crypto exchange wallet and eventually sent to an address ending “ACa7.”

Blockchain security firm PeckShield, has labeled the address as being owned by a phishing scammer.

Another blockchain scam platform, Scam Sniffer, suggested on Sept. 20 that the funds were sent to an address linked to a “fake Coinone crypto mining exchange."

Scam Sniffer linked to a user-created Dune Analytics dashboard, suggesting attacks of this nature have seen scammers steal approximately $337.1 million USDT in total, impacting as many as 21,953 individuals.

@tayvano’s Dune Analytics dashboard on USDT Approval Scams. Source: Dune Analytics.

Related: Crypto whale loses $24M in staked Ethereum to phishing attack

The Global Anti-Scam organization says this type of approval mining scam usually tricks victims into authorizing unlimited withdrawals from their cryptocurrency wallet.

“When you create a self-custody crypto wallet [...] you obtain a "private key" that is safeguarded through encryption. However, the fraudsters do not need your seed phrase,” GASO said, explaining on its website that when a victim clicks to partake in the fake mining pool, they’re clicking on a button that will request a $10 to $50 network fee in Ether (ETH).

While it seems reasonable, GASO suggests it is part of to trick the user:

“This is merely a front to obtain your digitally signed authorization, allowing unlimited access to your wallet via the USDT smart contract.”

Magazine: Asia Express: Thailand’s national airdrop, Delio users screwed, Vietnam top crypto country

Venezuelan State Oil Company to Accelerate USDT Adoption for Settlements; Tether Vows to Uphold OFAC Sanctions

Bitcoin’s BRC20 Token Economy Skyrockets 192% to $279 Million in Just Four Days

Bitcoin’s BRC20 Token Economy Skyrockets 192% to 9 Million in Just Four DaysFour days ago, the market capitalization of all the BRC20 tokens built on top of the Bitcoin network was a modest $95 million. However, over the past four days, the BRC20 market valuation has seen tremendous growth, increasing by 192% and reaching $279 million. More Than 13,000 BRC20 Tokens Built on Bitcoin Are Now Worth […]

Venezuelan State Oil Company to Accelerate USDT Adoption for Settlements; Tether Vows to Uphold OFAC Sanctions

Ordinal Inscriptions Surpass 1 Million Mark, Miners Collect $4.7M in Fees as Bitcoin NFT Trend Continues

Ordinal Inscriptions Surpass 1 Million Mark, Miners Collect .7M in Fees as Bitcoin NFT Trend ContinuesOn April 8, 2023, the number of Ordinal inscriptions surpassed the million mark as the non-fungible token (NFT) trend has seemingly become a mainstay. Presently, on Sunday, April 9, the total number of Ordinal inscriptions is 1,049,263, and so far, 169.85 bitcoins worth $4.7 million have been collected in fees. Ordinal Inscriptions Reach 1 Million […]

Venezuelan State Oil Company to Accelerate USDT Adoption for Settlements; Tether Vows to Uphold OFAC Sanctions

NFT Marketplace Looksrare Launches Version 2, Cutting Protocol Fees by 75% and Introducing Bulk Purchases

NFT Marketplace Looksrare Launches Version 2, Cutting Protocol Fees by 75% and Introducing Bulk PurchasesLooksrare, the non-fungible token (NFT) marketplace, has launched version two, also known as v2, which reduces protocol fees by 75%. According to statistics from Dune Analytics, Looksrare was the tenth-largest NFT marketplace in terms of trader count during the past week. NFT Market Protocol Looksrare Launches v2 NFT marketplace Looksrare announced the launch of version […]

Venezuelan State Oil Company to Accelerate USDT Adoption for Settlements; Tether Vows to Uphold OFAC Sanctions

Arbitrum Registers Record Activity Over the Last 2 Weeks as Transactions per Day Count Surges

Arbitrum Registers Record Activity Over the Last 2 Weeks as Transactions per Day Count SurgesIn the past 20 days, the Arbitrum blockchain has recorded a significant number of transactions coinciding with the recent ARB airdrop that occurred on March 23. About two weeks ago, on that day, the Arbitrum network recorded an all-time high of 2.72 million transactions settled in 24 hours. L2 Network Arbitrum Records 2.72 Million Transactions […]

Venezuelan State Oil Company to Accelerate USDT Adoption for Settlements; Tether Vows to Uphold OFAC Sanctions

BLUR Token Plummets Over 28% in March, Despite Blur’s Dominance in NFT Sales Market

BLUR Token Plummets Over 28% in March, Despite Blur’s Dominance in NFT Sales MarketWhile the non-fungible token marketplace Blur has captured a significant amount of the market share in terms of NFT sales, the market’s native token, BLUR, lost more than 28% in value last month. At present, BLUR tokens are down more than 88% since the crypto asset’s all-time high recorded on February 14, 2023. Blur’s Native […]

Venezuelan State Oil Company to Accelerate USDT Adoption for Settlements; Tether Vows to Uphold OFAC Sanctions

Non-Fungible Token Sales Slid 31% Lower in March With $882 Million in NFT Sales

Non-Fungible Token Sales Slid 31% Lower in March With 2 Million in NFT SalesAccording to statistics, the number of non-fungible token (NFT) sales in March was 31.42% lower than the previous month, dropping from $1.03 billion in sales for February to $882.89 million. The number of NFT buyers and transactions also declined, by 22% to 29%, over the last 30 days. March NFT Sales Slow, Ethereum Sales Dominate […]

Venezuelan State Oil Company to Accelerate USDT Adoption for Settlements; Tether Vows to Uphold OFAC Sanctions

Binance Experiences Significant BTC, ETH, and Stablecoin Withdrawals Following CFTC Lawsuit

Binance Experiences Significant BTC, ETH, and Stablecoin Withdrawals Following CFTC LawsuitAfter the U.S. Commodity Futures Trading Commission sued Binance for alleged violations of trading and derivatives rules, a significant amount of cryptocurrency was withdrawn from the exchange. Data from analytics provider Nansen shows $400 million in Ethereum-based funds were withdrawn in 24 hours, and 3,655 bitcoin worth more than $99 million were withdrawn over the […]

Venezuelan State Oil Company to Accelerate USDT Adoption for Settlements; Tether Vows to Uphold OFAC Sanctions

Magic Eden Launches Bitcoin Ordinal Inscription Market, Partners With Hiro, Xverse to Bolster Support

Magic Eden Launches Bitcoin Ordinal Inscription Market, Partners With Hiro, Xverse to Bolster SupportOn Monday, the non-fungible token (NFT) marketplace Magic Eden announced the launch of Bitcoin Ordinal inscription support. Magic Eden said it has partnered with the wallets Hiro and Xverse to “bring a familiar wallet transaction experience to the marketplace.” Magic Eden’s Decision to Launch on Bitcoin Without Royalty Support and Compete With Emerging Markets Magic […]

Venezuelan State Oil Company to Accelerate USDT Adoption for Settlements; Tether Vows to Uphold OFAC Sanctions