BeInCrypto has collected accounts from two traders about their most nightmarish crypto investments.

Monsieur-TK and CryptoThib returned to their worst anecdotes in the industry and gave some advice to avoid making the same mistakes.

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This Saturday, October 31, two traders shared their worst experiences with cryptocurrency investments with us.

Funds gone to ashes

The first trader to share his anecdote with us is Monsieur-TK , also a miner and French YouTuber . In his case, these are two nightmarish investments, through Cryptopia and Cryptobridge.

“[These were] two platforms that were on the rise in 2017 and where I traded a lot of shitcoins,” he explained. After managing to generate some gains, he admitted to being swayed by the “always wanting more” mentality, ignoring the basic principle of the motto “not your keys, not your coins”, and thus omitted to bring his coins back to his own personal wallets.

Monsieur-TK then relearned this principle the hard way when both platforms closed, which resulted in the loss of virtually all of his funds:

In short, the little that I managed to gain in trading was almost entirely lost with the closures of both platforms …

Looking back, he also acknowledged that these platforms were not trustworthy and “far from secure exchanges like Binance”.

“I was really very, very scared”, he confided, “not directly because of the amount lost […] but rather to tell me that it would perhaps happen to other platforms (even the most secure) ”. Taken by a “wind of panic”, he then repatriated all of his crypto funds to his wallets, with his own keys. That said, he also found himself “off-chain”, unable to quickly sell or buy parts and subsequently missed a few important waves of purchases, finding himself a double loser.

Moral of the story, Monsieur-TK now knows perfectly well that we “are never safe from a theft or a hack”, noting moreover that Mt. GOX is the very proof of this. He says he has since opted for “maximum security”, leaving all of his funds in his portfolios and only trading on major exchange platforms, before withdrawing his coins as quickly as possible.

In conclusion, he gives all traders this simple advice:

Leave only the bare minimum on exchanges, even the largest!

For his part, the trader and influencer CryptoThib suffered his worst investment this year with the KIMCHI , in the middle of the DeFi frenzy of “food” tokens. “Even after three years in crypto, you can still make BIG mistakes,” he admitted, adding that he got carried away by a feeling of frenzy, as he found himself winning on 90% of his trades.

My folio had swelled like Uncle André after Christmas dinner, basically I had gained too much confidence in myself and I was not wary enough.

CryptoThib fell from a height when Kimchi Finance then suffered a terrible crash. Still largely winning on all of his trades, he has not suffered much from these losses, but admits to having kept the “classic feeling of failure after a failed trade”. With hindsight, he recognizes a “weird” aspect in this situation, not having been able to take “the time to act on the moment when I could have come out of this damn trade many times”.

In the end, it is for him a “beautiful lesson more”, which taught him what is the famous “rugpull”, when a trader finds himself with the cut grass under the feet.

Going forward, CryptoThib believes it will seek direct contact with the developers of a protocol or verify its code before embarking on a new investment. He also recalls that it is often about gambling with high-risk tokens:

I know that the risk is high and that absolutely anything can happen.

Decentralised ecosystems still need a way to deal with malicious files.

The Interplanetary File System, or IPFS, helps decentralize the Internet by making files available in multiple locations rather than through a single centralized point of failure. However, what happens if someone reports a problematic IPFS file? Dietrich Ayala, leader of the IPFS ecosystem, explained the process:

“Let’s say there is a URL, or an IPFS content ID as we call them, there is an IPFS address that we have identified as malicious or dangerous in some way,” Ayala told Cointelegraph.

If this kind of problem were to occur on the standard centralized Internet, the URL would probably be blacklisted and ultimately made inaccessible by the server that hosts the relative files on the site. Google, in collaboration with other Internet actors, keeps a list of malicious or malware-infected URLs and files. However, adding items to that list often proves to be very difficult, due to false negatives and other problems, Ayala explained. “There are a number of problems with the centralised control of that list,” he explained.

He believes that the Mastodon open source social networking platform like Bitcoin Revolution exhibits a possible solution to this problem. “Mastodon is an example where node operators have decided how they want to filter out information that they think is incorrect, bad or dangerous to people walking around in a certain, what they call a pub,” Ayala explained.

In short, Mastodon divides management into smaller segmented bits, thus eliminating centralized control while allowing for granular areas of focused consensus.

“I think we will see that same style of filtering in IPFS nodes or through pubsub, where the nodes want to communicate, coordinate and share information about bad addresses,” said Ayala. The word ‘bad’ can also be subjective, however, it depends on a number of factors, including various region-specific regulations, he added.

Ayala mentioned coordinated blocking lists and safe lists as methods for dealing with malicious URLs on the IPFS network. “We have a group in Protocol Labs that is with some people from Medium and other media entities that have a long history of working in this area around content filtering and identifying malicious or unsafe content,” Ayala explained. IPFS has a specialized unit to help node operators maintain the control they need, while keeping up with the growth of the technology, he added.

“It’s a really difficult problem, and I think we can see the challenge in today’s centralized systems, as they are trying to figure out the best way to moderate content,” Ayala said.

Youtubers who talk about cryptosystems in particular have seen the downside of centralisation this 2020. Many of the major influencers in crypto space have been banned from the platform on several occasions.

Efter stigninger med de amerikanske aktiefutures steg Bitcoin til en 3-dages højde på $ 11.550. De fleste altcoins forblev rolige, mens Ethereum steg til $ 375.

Bitcoin har fortsat med at overvinde de seneste ugunstige nyheder og sprang til en intradag-højde på $ 11.550 for et par timer siden. Ethereum er også steget i værdi til omkring $ 375, mens de fleste andre store cap-altcoins forbliver relativt stille.

Bitcoin ser A $ 11.550 høj
Som rapporteret i går var weekenden temmelig bullish for kryptokurrencymarkedet. På trods af rapporter, der tyder på, at den populære digitale aktivudveksling OKEx har suspenderet udbetalinger, da dets grundlægger angiveligt blev fjernet af politikken, stod Bitcoin fast på $ 11.350.

I løbet af de sidste 24 timer har den primære kryptokurrency fortsat sin vej opad. Efter gradvist stigning til ca. $ 11.400 steg BTC til en 3-dages højde på $ 11.550 (på Binance). Dette var det højeste niveau siden før OKEx-nyheden brød ud på fredag.

Tyrerne kunne imidlertid ikke holde løbet igang, og BTC dyppede til $ 11.410 i de følgende timer. Ikke desto mindre har aktivet genvundet noget grund og ligger i øjeblikket omkring $ 11.440.

Den seneste prisstigning kunne være relateret til udviklingen med amerikanske aktiefutures. Futures kontrakterne for Dow Jones Industrial Average og S&P 500 sprang med 0,5%, mens Nasdaq 100 futures steg med 0,7%.

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Bullish Weekend: Crypto Market Cap vinder $ 4 mia., Bitcoin afventer næste træk
Stabilitet blandt store capcoins
Efter at have brudt over $ 370 i går, har Ethereum holdt sit momentum. En anden stigning på $ 1,5% for ETH har skubbet den næststørste kryptokurrency til omkring $ 375.

I modsætning hertil er Binance Coin faldet med 2% på trods af den nylige massive forbrænding. Som et resultat er BNB dyppet under $ 30.

De resterende top 10 repræsentanter har vist en utypisk mangel på volatilitet. Ripple (-0,5%), Bitcoin Cash (0,2%), Polkadot (0,4%), Chainlink (0,1%) og Litecoin (-0,2%) har stort set holdt deres værdi på de samme niveauer som i går.

Filecoin er den mest tabende i nogle dage i træk nu. FILs seneste dumping på 22% har ført aktivet til $ 31. Som CryptoPotato skrev i går, har FIL-minearbejdere det værst.

Crypto.coms oprindelige kryptovaluta har også mistet en betydelig del af værdien. CRO’s prisnedgang på 11% betyder, at den handler under 0,12 $.

De mest imponerende gevinster fremgår af Aave og Uma. LEND er steget med 20% til $ 0,49, mens UMA (17%) handler til $ 8,75.

Wiadomości o aresztowaniu założyciela OKEx przez rząd chiński wywołały pewne obawy wśród inwestorów kryptońskich.
Trzyma klucze do kryptoteki, która jest zamknięta w obrębie platformy, co uniemożliwia wymianę, gdy jest w areszcie policyjnym.

Chociaż w przypadku byka chodzi o to, że mogłoby to ograniczyć podaż krążących na rynku BTC, byłoby to również poważnym ciosem dla inwestorów, którzy korzystali z platformy.
Może to również wzmocnić wiarę inwestora w scentralizowaną wymianę.
Jedna z firm analitycznych wyjaśniła, że ich dane sugerują, iż w platformie znajduje się 200 000 Bitcoinów – to oszałamiająca liczba.

Cena Bitcoin’a wzrosła w ciągu ostatnich kilku godzin z powodu ostatnich wiadomości o aresztowaniu założyciela OKEx.

OKEx jest jedną z największych platform kryptograficznych w Azji, obok Huobi i Binance.

14 BTC i 95,000 Free Spins dla każdego gracza, tylko w mBitcasino’s Exotic Crypto Paradise! Zagraj teraz!
Wczoraj wieczorem pojawiła się wiadomość, że założyciel platformy został aresztowany przez chińskie władze i nie może już cofnąć zezwoleń, ponieważ jest jedynym posiadaczem kluczy do portfeli giełdy.

Niektórzy inwestorzy obawiają się, że będzie to stanowić nową falę represji regulacyjnych w Chinach i uderzyć w inwestorów i handlowców Bitcoin, którzy korzystali z platformy.

OKEX ZATRZYMUJE KRYPTONIM WYCOFUJE SIĘ PO ARESZTOWANIU ZAŁOŻYCIELA

Informacje dotyczące aresztowania założyciela OKEx są w tym czasie nieco ograniczone, a niektóre raporty sugerują, że został on aresztowany tygodnie temu.

W poście opublikowanym kilka godzin temu, platforma podaje szczegóły, w jaki sposób musi regularnie przeprowadzać autoryzację wypłat, przy czym ostatnia – która normalnie miałaby miejsce dzisiaj – nie występuje ze względu na to, że nadal przebywa on w areszcie policyjnym.

Spowodowało to zablokowanie wszystkich kryptonimów na platformie, chociaż użytkownicy mogą nadal handlować.

GLASSNODE: 200.000 BITCOIN OBECNIE ZAMKNIĘTY W OKEXIE
Jedna z firm analitycznych wyjaśniła, że dane sugerują, iż w ostatnim tweecie na platformie znajduje się obecnie 200 000 BTC zablokowanych w ramach platformy.

Jest to oszałamiająca liczba, a skutki tego, że jest to albo trwale zablokowane, albo przejęte przez rząd chiński, wywołało pewne obawy wśród inwestorów.

“Według naszych danych, około 200.000 BTC (1,1% krążących Bitcoinów) znajduje się obecnie w portfelach OKEx. To jest około 2,3 miliarda dolarów BTC przechowywanych w skarbcach giełdy.”

Cena Bitcoina pozostała stabilna pomimo tych wiadomości, ale nie jest jasne, jak długo ta stabilizacja będzie trwała, ponieważ sytuacja ta nadal się rozwija.

Bessemer Ventures: Bitcoin wird bald überall akzeptiert werden

Könnte Bitcoin jemals ein weltweit voll akzeptiertes Gut werden? Einigen Analysten zufolge wird genau das geschehen.

Es war schon immer der Traum von Satoshi Nakamoto – dem angeblichen Schöpfer von Bitcoin und der entsprechenden Technologie – und der Fans der Krypto-Währung bei The News Spy, dass Bitcoin so weithin akzeptiert würde wie Bargeld, Gold und Aktien. Dies war jedoch nicht immer der Fall.

Zum einen hat der Vermögenswert von den Regulierungsbehörden gemischte Signale erhalten, wobei einige ihn loben und andere versuchen, ein vollständiges Verbot gegen ihn durchzusetzen. Dies ist die Situation in Indien, das vor kurzem entschied, dass ein bestimmtes Gesetz, das Beziehungen zwischen Krypto-Unternehmen und traditionellen Banken als unzulässig erachtet, nicht zulässig ist. Dieses Gesetz wurde später vom Obersten Gerichtshof des Landes für verfassungswidrig erklärt und aufgehoben.

Nun hat Indien jedoch kommentiert, dass es ein vollständiges Handelsverbot für den Vermögenswert in Erwägung zieht, was bedeutet, dass niemand in der Lage wäre, ihn zu besitzen, zu kaufen oder zu verkaufen. Das ist enorm, wenn man bedenkt, dass Indien eines der größten Länder der Welt ist und seine Entscheidung, Bitcoin zu verbieten, es hinter Nachbarn wie China zurückfallen lassen würde.

Darüber hinaus haben nur sehr wenige Einzelhändler Krypto akzeptiert, da es immer noch sehr anfällig für Preisschwankungen und Volatilität ist, und bis zu einem gewissen Grad können wir es ihnen nicht verdenken, wenn sie Nein sagen. Wenn Sie zum Beispiel irgendwo in ein Geschäft gehen und Waren im Wert von 50 Dollar mit Bitcoin kaufen, mag es so aussehen, als sei alles erledigt und versiegelt. Wenn jedoch der Preis für Bitcoin am nächsten Tag fällt und aus diesen 50 Dollar 30 Dollar werden, gehen Sie trotzdem mit allem, was Sie gekauft haben, weg, aber das Geschäft wird etwas Geld verloren haben, was dem Einzelhändler gegenüber nicht ganz fair ist.

Aber laut Bessemer Ventures – das in wichtige Technologieplattformen wie Twitch, LinkedIn und Pinterest investiert hat – wird Bitcoin wahrscheinlich weltweit als eine ganz eigene Anlageklasse akzeptiert werden. In einem kürzlich erschienenen Blog-Beitrag schrieb das Unternehmen:

Wir sind der festen Überzeugung, dass Bitcoin zu einer weltweit akzeptierten Anlageklasse werden wird, der sich Institutionen angesichts ihres asymmetrischen Risikoprofils, ihrer Knappheitscharakteristika und ihrer Fähigkeit, als digitaler Wertaufbewahrungsmittel zu dienen, in zunehmendem Maße widmen werden. Mit der raschen Expansion der Zentralbankbilanzen rund um den Globus ist Bitcoin bereit, als “digitales Gold” und als Absicherung gegen künftige Inflation zu dienen.

Weltweite Akzeptanz ist im Kommen

Dies scheint die Idee mehrerer Investoren zu sein, die Krypto jetzt als ein Mittel zur Absicherung ihres Vermögens gegen wirtschaftliche Unruhen laut The News Spy sehen, seit die Coronavirus-Pandemie im vergangenen März erstmals die globalen Finanzmärkte heimgesucht hat. Der Blog-Beitrag geht weiter mit dem Folgenden:

Die institutionelle Nachfrage nach dieser aufstrebenden Anlageklasse hat einen Wendepunkt erreicht. Die technischen Hürden und regulatorischen Reibungsverluste haben es für Institutionen schwierig gemacht, diese neuen Wertaufbewahrungen zu investieren und zu verwalten – bis jetzt.

Gangues de criminosos estão enviando atualizações falsas para proprietários de carteiras Electrum, instalando malware e roubando fundos de usuários.

Uma técnica simples ajudou gangues de crimes cibernéticos a roubar mais de US $ 22 milhões em fundos de usuários do aplicativo Electrum wallet; uma investigação ZDNet foi descoberta.

Essa técnica específica foi vista pela primeira vez em dezembro de 2018 . Desde então, o padrão de ataque foi reutilizado em várias campanhas nos últimos dois anos

A ZDNet rastreou várias contas de Immediate Edge em que os criminosos reuniram fundos roubados de ataques que realizaram ao longo de 2019 e 2020, com alguns ataques ocorrendo no mês passado, em setembro de 2020.

Relatórios de vítimas enviados a portais de abuso de Bitcoin revelam a mesma história.

Os usuários do aplicativo de carteira Electrum Bitcoin receberam uma solicitação de atualização inesperada por meio de uma mensagem pop-up, eles atualizaram sua carteira e os fundos foram imediatamente roubados e enviados para a conta Bitcoin de um invasor.

Observando como os cibercriminosos estão roubando fundos, essa técnica funciona por causa do funcionamento interno do aplicativo de carteira Electrum e de sua infraestrutura de back-end

Para processar qualquer transação, as carteiras Electrum são projetadas para se conectar ao blockchain Bitcoin por meio de uma rede de servidores Electrum – conhecidos como ElectrumX.

No entanto, embora alguns aplicativos de carteira controlem quem pode gerenciar esses servidores, as coisas são diferentes no ecossistema aberto da Electrum, onde todos podem configurar um servidor de gateway ElectrumX.

Desde 2018, as gangues do cibercrime têm abusado dessa brecha para ativar servidores maliciosos e aguardar que os usuários se conectem aleatoriamente aos seus sistemas.

Quando isso acontece, os invasores instruem o servidor a mostrar um pop-up na tela do usuário, instruindo-o a acessar uma URL e baixar e instalar uma atualização do aplicativo Electrum wallet.