OpenSea data breach causes massive leak of users’ email addresses

OpenSea, the world’s largest nonfungible tokens (NFT) marketplace, has issued a warning to customers after it was discovered that an employee of Customer.io, a platform for managing email newsletters and campaigns, leaked the list of OpenSea customers’ emails to an outside party. The breach has affected all of the users who have given their email to the marketplace, whether it’s for the platform or its newsletter. Following the breach, OpenSea advised customers against potential phishing attempts. The NFT marketplace announced on Thursday that it has contacted law enforcement officials about…

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Polygon Price Rises by 60% In Four Days After Massive Matic Accumulation

After weeks of bearish run, Polygon (MATIC) witnessed one of the sharpest rebounds in the cryptocurrency market this week. MATIC’S price notably rose to $0.50 on June 23, four days after the coin hit its lowest level since April 2021. This rapid gain of about 60% is a performance that beat the resurgence of even Bitcoin (BTC) and Ethereum (ETH) in the same timeframe. Although MATIC is still far from its all-time high recorded value of $2.92 in December 2021, it is a massive improvement in a period where the…

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Sweeping layoffs, hiring, and firing as crypto prices take a massive downturn

Many in the crypto world have been glued to their screens with eyes dead set on financial conditions this week. That isn’t the case for everyone though, as thousands are suddenly experiencing woes of sudden unemployment. Words of encouragement and sympathy also poured out across Twitter and LinkedIn consoling individuals released from their responsibilities. Some expressed frustration, confusion, and anger while others expressed gratitude, renewed vision, and reflections. My heart is with those recently laid off. I too have been one of the lucky ones to be spared by massive…

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Celsius (CEL) price gains 600%+, but analysts cite exchange error and a massive short squeeze

On June 14, discussions of Celsius continued to populate media headlines and today’s news involved the platforms CEL token accruing massive gains after what appears to either be an exchange glitch or a short-squeeze. CEL price spiked from $0.18  to $1.55 in one abrupt candle before sinking back to $0.60 within the same 1-hour candle. CEL/USDT 1-day chart. Source: TradingView Currently analysts are on the fence about the reason for the explosive price breakout. Some cite Celsius repaying a portion of its debts as a reason, while other pinpoint a…

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UN agency head sees ‘massive opportunities’ in crypto: WEF 2022

The United Nations is smitten with distributed ledger technology (DLT). In a conversation with Cointelegraph at WEF 2022, United Nations International Computing Centre (UNICC) director Sameer Chauhan explained the “massive opportunities” he sees in cryptocurrencies. A former traditional finance executive and head of the UNICC since 2018, Chauhan has seen the rise and fall of cryptocurrency markets. He shared that groups such as the Bank for International Settlements (BIS) do not want to “miss the boat” when it comes to DLTs. Chauhan explained that cryptocurrencies are neutral technologies: “It’s a…

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A massive education project to fight hacks and scams

The common narrative around the prevailing threats to mainstream adoption of cryptocurrencies is that regulators will put the kibosh on their legality, it has to get much easier for “ordinary” people to use, and the magnitude of its volatility has to be tempered. All of these are true. But there’s something perhaps just as consequential: scams, hacks, fraudulent exchanges, dumps and the like. Why? Every attack leaves a scar. And the scars are mounting fast. According to a study by Chainalysis, scammers got away with $14 billion worth of crypto…

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SHIB price eyes 30% drop with Shiba Inu’s massive triangle breakdown underway

Shiba Inu (SHIB) price dropped by over 10% to $0.00001641 on May 9 amid a broader crypto market decline. This year, SHIB’s returns were 50% below zero, one of the worst performances by a top-ranking cryptocurrency in 2022. Last week, luxury fashion brand Gucci named Shiba Inu in the list of tokens it would accept for payments in five of its U.S.-based stores. Nonetheless, the bulls have ignored the major adoption news as SHIB price continues to fall under macro and technical pressures. SHIB/USD daily price chart. Source: TradingView Shiba Inu…

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ApeCoin risks another massive selloff as APE drops 70% in two weeks — Here’s why

A euphoric price rally by ApeCoin (APE) seen in mid-March appears to be exhausted already thanks to the coin’s 70% drop in valuation in the past two weeks — and it may fall further in April. At the core of this bearish outlook is a rising wedge, a technical pattern that forms as the price consolidates upward inside a range defined by two converging ascending trendlines. In a perfect scenario, rising wedges resolve into a bearish breakout, confirmed by a decisive drop below the lower trendline that typically takes the…

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Snoop Dogg and Billy Ray Cyrus to launch hit song backed by massive Animal Concerts NFT drop

Recording artists Snoop Dogg and Billy Ray Cyrus have teamed up to release a new smash single, “A Hard Working Man.” The hip hop-country mashup, produced by the legendary Avila Brothers, will debut on April 2 during Grammy weekend in Las Vegas. Cyrus’ 2019 hit remix of “Old Town Road” with rapper Lil Nas X made history by going 16x multi-platinum in the United States. Asked about his genre-bending approach to music, Cyrus replied, “My philosophy to making music is no limitations. No rules, no limits, no preconceived notions. Don’t…

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Scam alert! Binance CEO warns users of massive SMS phishing scam

Binance CEO Changpeng “CZ” Zhao has alerted the crypto community against a “massive” SMS phishing scam targeting Binance customers. Tweeting on Friday, CZ alerted users of a phishing scam campaign directed at Binance users through SMS. There is a massive Phishing scam via SMS with a link to cancel withdrawals. It leads to a phishing website to harvest your credential as in the screenshot below. NEVER click on links from SMS! Always go to https://t.co/9rMMAmtCxH via a bookmark or type it in. Stay #SAFU pic.twitter.com/erNwe90FN1 — CZ Binance (@cz_binance) February…

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