Graphic link
Coinbase is a well-known and prominent cryptocurrency exchange platform that was founded in 2012. It offers a user-friendly interface and a range of services for buying, selling, and storing various cryptocurrencies. Coinbase has gained a significant market share and has become one of the most recognized names in the cryptocurrency industry.
Several factors contribute to Coinbase's current success and potential for future growth:
User Base: Coinbase boasts a large and growing user base, which is a crucial factor for any exchange company. Its user-friendly interface and reputation for security have attracted both novice and experienced cryptocurrency investors.
Regulatory Compliance: Coinbase has prioritized regulatory compliance and has worked closely with regulatory authorities in different countries. This approach has helped establish trust among users and has positioned Coinbase favorably in terms of compliance with evolving regulations.
Range of Cryptocurrencies: Coinbase supports a wide range of cryptocurrencies, including popular ones like Bitcoin and Ethereum. By offering access to a diverse portfolio of digital assets, Coinbase has attracted a broad user base and has the potential to capture market share as new cryptocurrencies emerge.
Institutional Support: Coinbase has garnered support from major institutional investors, which provides credibility and financial backing. This support enhances the company's ability to expand its services and infrastructure.
Expansion Efforts: Coinbase has been proactive in expanding its services beyond the traditional exchange platform. It has launched products like Coinbase Pro for more advanced traders, Coinbase Custody for institutional clients, and Coinbase Wallet for secure storage of cryptocurrencies. These efforts indicate a strategic focus on diversification and innovation.
However, it's important to note that the cryptocurrency market is highly volatile and subject to rapid changes. Competition in the exchange industry is intense, with several other exchanges vying for market share. The success of Coinbase will depend on various factors, including its ability to adapt to evolving market trends, address security concerns, expand its product offerings, and maintain regulatory compliance.
While Coinbase has achieved significant growth and recognition in recent years, the landscape of the cryptocurrency industry is constantly evolving, and other exchanges may emerge or grow to challenge Coinbase's position.
Ultimately, whether Coinbase becomes the largest exchange company will depend on its ability to navigate these challenges, sustain its growth trajectory, and effectively capture market opportunities in the rapidly evolving cryptocurrency market.

Introduction
It is not clear what might be the root cause of the hack in the Atomic Wallet. People have lost millions of dollars in crypto in this self-custody wallet.
It is scary just to think you wake up and all of a sudden all your crypto vanished in the wild! That is why is important not to put everything into this asset class.
The possibility of the hack points out phishing attempts on Twitter but is not clear yet. Never enter your seed phrase on something unclear or otherwise, you can be the next victim!
Protecting your seed phrase
The seed phrase is the most important thing you need to protect for protecting your crypto. It is a series of words that can recover your wallet fund in the worst-case scenario if your wallet is compromised.
You need to spend and plan a good amount of time to put a good strategy in place for protecting your seed. You need to make sure it is in a place against fire and water damage.
If a complete stranger asks you to enter the seed phrase, never, never proceed. As soon they have it, they access all your crypto under your control.
It is like having your door open on the street where everyone can enter.
It is always hard to identify the hack
For the majority of people, they don't check often their wallets. It is like a save fault in the bank where your deposit your valuable items for protecting them.
Imagine the reputation and pressure Atomic Wallet might have under its shoulders. The team might work 24 hours a day in rotation shifts to understand, identify, and fix to make sure this does not keep going.
The reputation of the brand is at stake! When people lost faith in your product, they might find another solution in the market and never come back.
The door is closed definitely with an angry customer. It is taking 10x energy to get new customers in the door and a fraction of a second to lose one forever!
Imagine one instant if you lose 8 million!
Maybe you are a lucky one who has found a way to make a killing in the last bull run. You have bought the right asset at an accurate time and taken a profit to secure it in stablecoin.
You needed to find a place to secure your crypto in a save fault. Atomic Wallet was a good bet and sexy solution because you are in control of the seed phrase and is a self-custody wallet.
It is Friday, and you needed to move some money for a specific purpose. Suddenly you almost fall down from your chair with no money in your wallet.
Can you imagine one instant the panic and the reaction? In the crypto world, you cannot ask anyone to bail out your crypto if you lose your fund. Security is an important aspect that you need always stay up to date.
I know it can be cumbersome, boring, and tedious, but very important.
Always be careful and the last word
This hack might be caused by successful phishing attempts. People who lack education about security might fall victim easily to this attack vector.
It is scary to lose money but remember never put more money than you can afford to lose in the crypto world. Keep investing in the traditional markets and diversify in different asset classes for spreading the risk.
You always need to remember not to lose money and never forget rule number one. It is not a cool feeling to lose money, never!
Have a wonderful day!
PS: I am not a financial advisor, and always do your own research

Don’t use Atomic crypto wallets.

Update: The investigation is still ongoing in a joint effort with the leading security companies. The team is working on possible attack vectors. Nothing yet confirmed.
Support team is collecting victim addresses. Reached out to major exchanges and blockchain analytics companies to trace and block the stolen funds.
For additional instructions to anyone impacted, only contact via [email protected]
Please be aware of fake accounts!
Update: The investigation is still ongoing in a joint effort with the leading security companies. The team is working on possible attack vectors. Nothing yet confirmed.
Support team is collecting victim addresses. Reached out to major exchanges and blockchain analytics companies to trace and block the stolen funds.
For additional instructions to anyone impacted, only contact via [email protected]
Please be aware of fake accounts!

If you're familiar with cryptocurrency, you've probably heard of Dogecoin - the meme-inspired cryptocurrency that has gained a lot of attention this year. However, you may not have heard of "Doginals" and "DRC-20" tokens, which are also creating buzz in the Dogecoin ecosystem.
Doginals are tokens created by users of Dogecoin who copied the architecture enabled by "Ordinals" - a protocol that allows for Inscriptions on the Bitcoin and Litecoin networks. Essentially, Doginals are tokens built on top of the Dogecoin blockchain using the same technology as DRC-20 tokens.
DRC-20 tokens are similar to ERC-20 tokens on the Ethereum network. They are a standard protocol for creating tokens on the Dogecoin blockchain, and they can be used for a variety of purposes including gaming, loyalty programs, and crowdfunding. However, DRC-20 tokens have also caused concern among some developers due to the potential for network congestion and scalability issues.
Cryptocurrency enthusiasts, if you're interested in Dogecoin, you might have heard of two new buzzwords - Doginals and DRC-20 tokens. In my previous tweet, I introduced these new terms. Now, let's dive into how to deploy, mint, and transfer Doginal or DRC-20 tokens on the Dogecoin network.
To deploy a DRC-20 token, you'll need to use a deploy function. Inscribe the deploy function to your Doginal compatible wallet with desired DRC-20 parameters set. Here's the example of a deploy script:

{
"p": "drc-20",
"op": "deploy",
"tick": "xxxx",
"max": "000000",
"lim": "0"
}

To mint an amount of DRC-20 tokens, you'll need to use a mint function. Inscribe the mint function to your Doginal compatible wallet - make sure the ticker matches your deployed DRC-20 token or any DRC-20 token that has not yet reached its fully diluted supply. Here's the example of a mint script:

{
"p": "drc-20",
"op": "mint",
"tick": "xxxx",
"amt": "00"
}

To transfer an amount of DRC-20 tokens, you'll need to use a transfer function. Inscribe the transfer function to your Doginal compatible wallet. Make sure the transfer function inscription information is valid before inscribing. Here's the example of a transfer script:

{
"p": "drc-20",
"op": "transfer",
"tick": "xxxx",
"amt": "000"
}

It's important to follow these instructions carefully, as there is some skepticism among the community about the long-term presence and usefulness of these tokens in the ecosystem. Nonetheless, Doginals and DRC-20 tokens are contributing to increased activity and innovation in the Dogecoin and Litecoin ecosystems.
Doginals #DRC20 #Dogecoin #cryptocurrency #innovation.

New table for the garden, chairs for the kitchen and whatever this last thing is for the livingroom. My Wallet hurts a bit..

A cumulative amount of nearly ~$3.45B has been stolen from crypto exchange custody from 48 recorded hacks since 2012. The most frequent way assets were stolen from exchanges was through hot-wallet hacks

#somee#hice#cryptocurrency#bitcoin#

Image Source: https\://www.escapeartist.com/wp-content/uploads/2018/05/step0001.jpg
Bitcoin, the pioneering cryptocurrency, has gained significant attention and popularity since its inception in 2009. However, its decentralized nature, volatility, and potential risks have led to debates about the possibility of governments considering the outlawing of Bitcoin. In this article, we will explore some potential reasons that could contribute to such a decision.
Regulatory Challenges:
One primary concern for governments is the lack of regulatory oversight in the cryptocurrency market. Bitcoin's decentralized nature allows for anonymous transactions and can potentially facilitate illicit activities such as money laundering, tax evasion, and illegal transactions. Despite efforts to establish regulations and anti-money laundering measures, the anonymity provided by Bitcoin still poses a challenge for authorities to monitor and control financial transactions effectively.
Financial Stability and Consumer Protection:
Bitcoin's extreme price volatility can disrupt financial stability and endanger consumer protection. The cryptocurrency's value has witnessed significant fluctuations, often driven by speculative trading, market manipulation, or unexpected events. Such volatility can negatively impact investors, businesses, and overall economic stability. Governments may see the need to protect their citizens from potential financial losses associated with participating in the volatile cryptocurrency market.
Monetary Policy Control:
Central banks maintain the responsibility of implementing monetary policy to manage national economies effectively. Bitcoin, being decentralized and beyond government control, poses a challenge to the central bank's ability to influence and regulate monetary systems. If Bitcoin gains widespread acceptance, it could potentially undermine a government's control over its own currency, leading to potential economic instability.
Cybersecurity and Fraud:
As with any digital platform, Bitcoin and other cryptocurrencies are susceptible to hacking, fraud, and cyber attacks. Despite the implementation of robust security measures, cryptocurrency exchanges and wallets have experienced numerous high-profile breaches in recent years. These security vulnerabilities raise concerns regarding the protection of users' funds and the potential for criminal activities, which could further contribute to governments considering the outlawing of Bitcoin.
Potential Loss of Tax Revenue:
Governments rely on tax revenues to fund public services and infrastructure development. The anonymity associated with Bitcoin transactions presents challenges for tax authorities to identify and track taxable income. The potential widespread adoption of Bitcoin could lead to a substantial loss of tax revenue, making it difficult for governments to meet their financial obligations.
Conclusion:
While Bitcoin has attracted a vast user base and supporters who believe in its potential to revolutionize the financial system, several factors may lead governments to consider outlawing it. Regulatory challenges, concerns regarding financial stability and consumer protection, the potential loss of monetary policy control, cybersecurity risks, and the potential impact on tax revenues are some of the primary reasons that may drive governments towards such a decision. However, it's important to note that this article explores potential reasons and does not reflect the definitive outcome or consensus on the future of Bitcoin. The cryptocurrency landscape remains complex and subject to ongoing discussions and developments. #bitcoin #btc #someeofficial #waivio #thgaming #nftm #archon #hivelist

#cryptos #hivelist

Image Source: https\://vcgamers.com/news
Cryptocurrency, has gained a reputation for being falsely viewed as a scam for several reasons. While it is important to note that not all cryptocurrencies are scams, there have been cases of fraudulent activities and scams within the crypto space that have contributed to this perception. Here are some factors that have influenced the negative perception of cryptocurrencies:
Lack of regulation: Cryptocurrencies operate in a relatively unregulated environment compared to traditional financial systems. This lack of oversight has allowed for fraudulent schemes and scams to emerge, causing financial losses for individuals. The absence of clear regulations and standards has made it easier for scammers to exploit unsuspecting investors.
Initial Coin Offerings (ICOs): ICOs are a fundraising mechanism used by cryptocurrency projects to raise capital. While many legitimate projects have successfully utilized ICOs, there have also been numerous cases of fraudulent ICOs. Some projects have collected funds through ICOs and then disappeared, leaving investors with worthless tokens.
Ponzi schemes: Cryptocurrencies have been associated with various Ponzi schemes, where early investors are paid off with the investments of new participants. These schemes often promise high returns with little to no risk, enticing individuals to invest. However, once the scheme collapses or new investors dry up, the entire system collapses, leaving the majority of participants with significant losses.
Hacks and security breaches: Cryptocurrency exchanges and wallets have been targeted by hackers due to the potential value of digital assets. High-profile security breaches and hacks have resulted in the theft of large sums of cryptocurrency, further fueling the perception that crypto is risky and prone to fraudulent activities.
Lack of understanding: Cryptocurrencies and blockchain technology can be complex concepts to grasp for many people. The technical nature and jargon associated with cryptocurrencies can lead to a lack of understanding, making individuals susceptible to scams and misinformation. Scammers often exploit this lack of knowledge to trick people into investing in fraudulent schemes.
It's important to emphasize that while there are risks and fraudulent activities associate#somee #someeofficial d with cryptocurrencies, there are also legitimate projects and valuable use cases within the crypto space. With proper research, caution, and understanding, individuals can navigate the cryptocurrency market and participate in it safely.

I told you over a year ago Elon Musk would go crypto on Twitter :) look now What is happening with DOGE https://www.coindesk.com/business/2022/02/16/twitter-adds-ethereum-wallet-support-to-tipping-feature/

Seems Ledger hardware provider are making a U-turn on its use of third-party recovery phrase keys service, the decentralized wallet CEO made ab announcement that on pivoting the use of centralized means to store users recovery phrase keys.

#awesme #somee #crypto #ledger

[Image source](https://www.instagram.com/p/Cso-PhtxqYa/?igshid=MzRlODBiNWFlZA==)

Exciting News!

Xwinner is now partners with Okxweb3, you may now utilize OKX Wallet, your gateway to Web3, to explore the amazing world of X WINNER gaming!

#XWINNER#OKXWallet#Partnership

Check their tweets here:
https://twitter.com/.../status/1661276154203103232/photo/1

Ledger cryptocurrency wallet update sends users into panic. It has been a brutal 72 hours for cryptocurrency wallet company Ledger since launching its Recovery service. Revolt against Ledger includes video of wallet being burned, and Ledger co-founder Éric Larchevêque wrote, "What a horrible mess".

(https://aayushbhaskar.com/ledger-nano-s-plus/)

The new Ledger firmware policy that will allow users to encrypt their recovery keys with third parties by linking their national identity did stir lots of motion on the internet according to an insider it has always been possible for Ledger team to extract users keys, well what do we know? I thought hardware wallets were the most decentralized means of storing one's crypto.

#BRK #awesme #crypto #somee #bitcoin #market #ledger

[Image source](https://www.instagram.com/p/CsYzq2ZxEqv/?igshid=NTc4MTIwNjQ2YQ==)

️EU finance ministers have approved the world's first comprehensive cryptocurrency rules.

- All exchanges and wallet providers must be licensed.
- Names of senders and recipients of transactions must be recorded regardless of amount.

#somee#bitcoin#cryptocurrency#

After the 30th of April when the zealy.io campaign was launched, LeoFinance is taking a great move that I could hardly catch up on during the first few days. I had no idea what was going on. Grateful to @libertycrypto27's article that somehow explained to me in simple terms what the campaign is all about.
After 15 days, I didn't expect to be included in the list of top 10 threaders:
[Source](https://docs.google.com/spreadsheets/d/1Qbt_lbeyfSn-Bn3cPHjIpDMrbUcRtAaBPJVkj-YfqnU/edit#gid=0)
As for the zealy.io leaderboard, I suffered a huge drop back to # 60 due to my inactivity for the last two days. I failed to complete the assigned quests.
Overall, except for the above setback, I am satisfied with my performance. We still have 26 days in this campaign and a lot of surprises can happen along the way.
Shifting to my participation in today's #LPUD, four days ago, I sold 1,129 #CENT and 445.97 #CTP to buy 71.9 $LEO. Due to such a purchase, I was able to achieve the 300 LEO monthly target.
Today is my 11th time participating in #LPUD and the fifth consecutive month this year that I have been powering up 300 LEO. The goal is to reach the CUB status by the end of the year with 5,000 LEO Power.
As I write this post, two hours already passed in #LPUD. As usual, I have been early in publishing my post I think for the past three months.
Just a minute ago, I powered up 300 LEO.
I now have 2,906 staked LEO and 26.59 liquid LEO in my wallet. By the next #LPUD, I will reach 3,000 plus LEO Power. Here is now the new status of my LEO power:



Date
Starting LEO
Ending LEO
LEO Growth
% Growth
Cumulative % Growth




15 January
1,406
1,706
300
21.33%
21.33%


15 February
1,706
2,006
300
17.58%
42.67%


15 March
2,006
2,306
300
14.95%
64.01%


15 April
2,306
2,606
300
13.00 %
85.34%


15 May
2,606
2,906
300
11.51%
106.68%



Again, it's my prayer and I hope that I can sustain this growth in the following months.
Happy threading and an enjoyable #LPUD to everyone and more power to the LeoFinance community!
Grace and peace!
What is LeoFinance?
What is Hive?