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Cryptocurrency

BTC scammers breach Twitter accounts of Bill Gates, Obama, Google, Apple, Uber

A number of celebrities and important personalities had their Twitter accounts breached.

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BTC scammers were on a rampage on Twitter late Wednesday, as many top personalities, had their accounts tweeting about a BTC giveaway. Later, it became obvious that the breach was much more serious when leading brands and famous people including, Barack Obama, Elon Musk, Jeff Bezos, Kanye West, and Uber, tweeted that they would double your bitcoin.

However, Cameron Winklevoss, co-founder of the world’s leading crypto exchange Gemini, disclosed that the scammers were only able to make away with “a paltry sum,” though he wondered if there were underlying reasons for the attack.

READ ALSO: ChainLink’s digital coin skyrockets 388% in 130 days, still soaring

Recall that a few days ago, Nairametrics reported how crypto scammers gained about $24 million worth of BTCs in the first six months of 2020.

As the COVID-19 pandemic kept a lot of individuals more active online, fraudsters have pulled dozens of different types of scams such as fake ICOs, BTC recovery, fake exchanges, giveaways, video scams, fake tumblers, Ponzi schemes, malware and many more.

READ ALSO: BTC outperforms precious metals in H1 2020

The scammers deceive their intended victims by offering one or all of the following: no taxes, high profits, little effort, and no risk. It’s thus projected by Whale alert that these fraudsters could gain about $50 million dollars before the end of 2020.

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Crypto-Scammers stole $24 million worth of BTCs in 2020  

Twitter CEO, Jack Dorsey, finally tweeted:

Tough day for us at Twitter. We all feel terrible this happened. We’re diagnosing and will share everything we can when we have a more complete understanding of exactly what happened.”

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Meanwhile, the price of bitcoin remains largely unaffected by the news of the hack, as it is currently still stuck at around $9,200.

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Olumide Adesina is a France-born Nigerian. He is a Certified Investment Trader, with more than 15 years of working expertise in Investment trading. Message Olumide on Twitter @tokunboadesina. He is a Member of the Chartered Financial Analyst Society.

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    Cryptocurrency

    Ethereum keeps breaking new highs, trading at $4,115

    Ether traded at $4,115.72 with a daily trading volume of $53.5 billion.

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    Ethereum

    Ether, the world’s most popular utility crypto broke above $4,000 in the early hours of Monday and keeps soaring high after passing the all-important resistance level on many crypto exchanges’ barrier including the FTX exchange.

    Such a milestone comes barely a week after it breached above the $3,000 price level.

    At the time of writing this report, Ether traded at $4,115.72 with a daily trading volume of $53.5 billion. Ethereum is up 3.85% for the day and is presently the second most valuable crypto asset by the market value of $476.7 billion.

    Crypto pundits argue that the leading altcoin has attracted a new wave of institutional investors in credence to its recent approval of 3 Ethereum exchange-traded funds (ETFs) in North America.

    Adding credence to Ethereum’s record buying pressures is data retrieved from Glassnode, an advanced crypto analytic firm, revealing the Number of Addresses Holding 0.01+ Coins just reached an all-time high of 14,969,657.

    A previous all-time high of 14,966,780 was observed on 9th May 2021.

    The rising use of non-fungible tokens to validate the ownership of digital assets is notably purchased and used on Ethereum, thereby attracting more apps and contracts.

    Ethereum is a cryptocurrency designed for decentralized applications and deployment of smart contracts, which are created and operated without any fraud, interruption, control or interference from a third party.

    The rise of many DeFi crypto assets that thrive on the Ethereum Blockchain has added more buying pressures from investors globally with YAM, UniSwap, Chainlink, Compound, Cream finance, and Melon seeing record cash inflows.

    Investors are getting more attracted more to DeFi because they can receive higher interest rates when compared to what is gotten in traditional finance, on the basis that lower operating costs are enabled when operating on an automated decentralized network.

    Just recently it upgraded to Ethereum 2.0, which is seen by many crypto enthusiasts as the game-changer in reforming the distributed system, after some years of research and coordinated effort by top developers around the world.

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    Cryptocurrency

    Dogecoin investor loses $12 million on Binance as Doge suffers violent dump

    Recent price actions reveal $DOGE lost as much as 25%, dropping as low as $.50 amid record selling pressures.

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    The fast-rising crypto asset, Dogecoin suffered record losses in the early hours of Sunday despite Elon Musk’s debut on the long-awaited Saturday Night Live which surprisingly led to a violent dump.

    At the time of drafting this report the dog meme coin traded at $0.564505 on the FTX Exchange with a daily trading volume of $31 billion. Dogecoin is down 21.34% for the day.

    Recent price actions reveal $DOGE lost as much as 25%, dropping as low as $.50 amid record selling pressures.

    The largest single liquidation order happened on Binance-DOGE value $12.07 million as over $270 million positions in the Dogecoin assets vanished into thin air.

    READ: Dogecoin up 168%, more valuable than Polkadot, Cardano

    READ: Altcoin season? Ether, ADA, Doge and others hit all-time highs

    Supporters of the fast-growing crypto were earlier hopeful that Elon Musk might offer some strong bullish bias in favour of Dogecoin but that was not to be. Although the Tesla CEO has, many times via social media, stated that Dogecoin remained his favourite crypto, he recently warned fans to invest in the asset with great caution.

    Crypto pundits have often frowned at the inflationary properties of Dogecoin considering that it is printed every minute of every day, giving it a potentially infinite supply. The implication of this is that the crypto asset’s unlimited supply could, over time,  impact negatively on its price.

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