transactions

$83,000 Drained From Wells Fargo Accounts in Minutes – Customers Say Bank ‘Rolling Their Eyes,’ Blaming Them, Refusing To Reimburse

May 4, 2024 The Daily Hodl

bank

Two Wells Fargo customers are calling out the banking giant after scammers ripped tens of thousands of dollars from their accounts in a matter of minutes. Jolinda Crocker says $60,000 was ripped from her account while she was teaching at her music school in Italy, reports the Daily Mail. Crocker says she received a text […]

The post $83,000 Drained From Wells Fargo Accounts in Minutes – Customers Say Bank ‘Rolling Their Eyes,’ Blaming Them, Refusing To Reimburse appeared first on The Daily Hodl.

TRUMP dips after president admits ‘I don’t know much about it’

Bitcoin L2s set to explode as Runes congest BTC network

May 1, 2024 Coin Telegraph

Bitcoin Price

High transaction fees and network congestion from the Runes protocol are increasing demand for Bitcoin layer-2 solutions.

The need for Bitcoin layer-2 (L2) solutions has become more apparent than ever following the launch of the Runes protocol.

Runes are a new Bitcoin (BTC) token standard allowing users to create fungible tokens on the Bitcoin blockchain. They were created by Casey Rodarmor, the creator of Ordinals, which enabled Bitcoin nonfungible tokens.

While notable, Runes’ popularity has resulted in astronomical Bitcoin transaction fees and unprecedented network congestion.

TRUMP dips after president admits ‘I don’t know much about it’

New record: Bitcoin processes 1.6M confirmed payments in a day

April 30, 2024 Coin Telegraph

bitcoin ordinals

The launch of Bitcoin Runes played an important role in the spike in the total number of transactions over the Bitcoin network.

Amid increasing Bitcoin (BTC) use for day-to-day purchases, the Bitcoin network recorded the highest number of confirmed payments on April 23.

Three days after stepping into the new halving cycle on April 20, the Bitcoin network processed over 1.6 million unique transactions between sender and receivers.

Comparing data from Blockchain.com and Glassnode shows a direct correlation between the launch of Bitcoin Runes — an alternative to Bitcoin Ordinals and the BRC-20 protocol on the Bitcoin blockchain — and the spike in daily Bitcoin transactions.

TRUMP dips after president admits ‘I don’t know much about it’

Payments Giant Visa Rolls Out New Stablecoin Tool To Provide More Accurate Data on Transaction Volumes

April 26, 2024 The Daily Hodl

Daily Hodl

Financial services giant Visa just launched a new tool to provide the public with more accurate data on key stablecoin activities. In a series of posts on social media platform X, Visa’s head of crypto Cuy Sheffield says the payments firm partnered with data platform Allium to create the Visa Onchain Analytics Dashboard as a […]

The post Payments Giant Visa Rolls Out New Stablecoin Tool To Provide More Accurate Data on Transaction Volumes appeared first on The Daily Hodl.

TRUMP dips after president admits ‘I don’t know much about it’

DeFi’s ‘unknown and unpredictable’ risks curb institutional use — Fireblocks VP

April 24, 2024 Coin Telegraph

Coin Telegraph

Institutions are keen on DeFi, and its use among them is growing, but on-chain risks are hamstringing further adoption, says Fireblocks’ Shahar Madar.

Institutional investors have a “growing interest” in decentralized finance (DeFi) but are held back by the risks of on-chain transactions, says a Fireblocks executive. The company aims to address these concerns by introducing new features to its platform.

“For institutional investors navigating DeFi transactions, the risks are significant,” Fireblocks security and trust products vice president Shahar Madar told Cointelegraph. “They manage significantly more funds than the average consumer trader.” Madar added:

Despite the risks, Madar said institutional DeFi trading on Fireblocks rose 75% in the first quarter of 2024, reaching “nearly $4.5 billion.”

TRUMP dips after president admits ‘I don’t know much about it’

Solana network ‘nowhere near where we expect it to be’ — Solana Foundation exec

April 17, 2024 Coin Telegraph

Coin Telegraph

Austin Federa, head of strategy at the Solana Foundation, addresses concerns around the latest network outages in an exclusive interview with Cointelegraph.

The goal of the Solana project is to build the world’s fastest network that is open, permissionless and decentralized — but that goal is still far away, admitted Austin Federa, head of strategy at the Solana Foundation.

“From a user experience perspective, the network is nowhere near where we sort of hope and expect it to be,” Federa told Cointelegraph during an interview on the sidelines of Paris Blockchain Week.

According to Federa, the congestion that has plagued Solana is a byproduct of its success, which has been driving an unexpectedly high amount of activity to the network.

TRUMP dips after president admits ‘I don’t know much about it’

Ethereum price data casts doubt on the strength of ETH’s support at $3K

April 16, 2024 Coin Telegraph

Ethereum price data casts doubt on the strength of ETH’s support at K

Activity

ETH derivatives data shows pro traders’ appetite for risk declining, placing pressure on the $3,000 support level.

Ether (ETH) price plummeted by 21% between April 9 and April 14, hitting a 50-day low. Although it has recouped some of its losses, Ether continues to show signs of weakness following a failed attempt to breach the $3,200 resistance on April 14. Traders now question if the $3,000 support will hold for longer.

Investors are cautiously optimistic about the potential approval of a spot Ether exchange-traded fund (ETF) in May. However, the mixed signals from on-chain and derivatives data suggest the possibility of further corrections before the U.S. Securities and Exchange Commission (SEC) makes its decision.

Jan van Eck, CEO of VanEck investment firm, expressed doubt that the spot Ether ETFs would receive approval in May. He pointed to the SEC's extended inactivity on a list of seven pending applications, including those from major firms like BlackRock, Fidelity, ARK 21Shares, and VanEck.

TRUMP dips after president admits ‘I don’t know much about it’

What are stealth addresses, and how do they work?

December 15, 2023 Coin Telegraph

Blockchain

Stealth addresses in cryptocurrencies act like secret codes for transactions, providing enhanced privacy by generating unique addresses for each payment.

The purpose of crypto stealth addresses is to enable privacy for each transaction, concealing the recipient’s identity and transaction history.

Crypto stealth addresses are a privacy-enhancing feature in blockchain technology that lets users receive money anonymously. Unlike conventional public addresses, stealth addresses provide distinct, one-time addresses for every transaction. The recipient’s actual address is kept secret when a sender transfers funds using a stealth address; the transaction is broadcast to the network.

TRUMP dips after president admits ‘I don’t know much about it’

Crypto catfishers ditch fake exchanges for approval phishing scams

December 14, 2023 Coin Telegraph

approvals

According to on-chain analytics firm Chainalysis, romance scammers increasingly use this method to steal their victim’s hard-earned crypto.

Crypto romance scammers — a cohort of crypto-stealing smooth-talkers — appear to have a new trick up their sleeves: targeted approval phishing.

In a Dec. 14 report from on-chain analytics firm Chainalysis, the firm noted that the technique has seen explosive growth over the past two years, with at least $374 million in suspected stolen crypto in 2023.

Approval phishing is a crypto scam where victims are tricked into signing transactions that give scammers access to wallets, allowing them to drain funds. While this isn’t new, Chainalysis said the technique is now utilized more often by pig-butchering scammers.

TRUMP dips after president admits ‘I don’t know much about it’

Ocean mining pool refutes claims of censoring certain Bitcoin transactions

December 7, 2023 Coin Telegraph

Bitcoin Wallet

Dashjr rejected blame for accusations aimed against Ocean and asked Samourai Wallet to fix the bug "on your end."

Bitcoin (BTC) wallet provider Samourai Wallet has accused Bitcoin mining pool Ocean of censoring Whirlpool CoinJoin transactions and BIP47 notification transactions from Dec. 6. However, Ocean’s top executive has denied the claims while asking the Bitcoin wallet provider to fix a bug in their software.

On Dec. 7, Samourai Wallet claimed that a new policy enacted by Ocean mining pool censors certain Bitcoin transactions. In addition, the wallet provider accused X (formerly Twitter) and Block co-founder, Jack Dorsey, who is also an investor at Ocean, of a “hostile action.”

Samourai Wallet continues to accuse Dashjr of lying and deceiving community members by shifting the blame away from itself as it asks the community, “Don’t let them get away with this.”

Share this video