Samsung set to open Crypto Exchange!
In today's newsletter:
Bitcoin fell over 10% last week, its biggest drop in two months.
After two years, the average transaction fee for bitcoin falls below $1.
Samsung securities join Giant Brokerages in Bitcoin
What are the different cryptocurrency scams on Twitter ?
Bitcoin fell over 10% last week, its biggest drop in two months:
Bitcoin (BTC) sold off sharply in Friday trading, and was recently trading below $21,500, down more than 8% over the last 24 hours. The largest cryptocurrency by market capitalization is down 13% for the week.
The decline in crypto prices appears to be linked to poor inflation data in Germany.
Analysts claim that the price decline has given bears the upper hand, Bitcoin's drop has broken technical charts and revived the bearish trend.
●Bitcoin (BTC): $21,257 −9.1% ●Ether (ETH): $1,690 −9.8%
Samsung securities joins Giant Brokerages in Bitcoin, Crypto Exchange push - report :
Seven large domestic securities companies in South Korea have filed to establish exchanges for bitcoin and other cryptocurrencies, only two of them Mirae asset securities and Samsung Securities are cited in the report
The securities company plans to establish a subsidiary under its consultation arm Mirae Consulting to operate the exchange.
Similarly, Samsung is conducting studies on how best to enter the bitcoin and cryptocurrency ecosystem. The securities company attempted to spearhead the development of a cryptocurrency trading platform last year, but failed to acquire the necessary talent to do so, according to the report
What are the different cryptocurrency scams on Twitter ?
Cybersecurity analyst Serpent has unveiled his for the cryptocurrency and non-fungible token (NFT) scams currently active on Twitter, as stated by Cointelegraph. The analyst, with a followers’ base of 234,000 on Twitter, is the founder of artificial intelligence and community-enabled cryptocurrency threat mitigation system Sentinel.
Serpent emphasised how scammers aim inexperienced cryptocurrency users through the usage of copycat websites, uniform resource locators (URLs), accounts, hacked verified accounts, fake projects, fake airdrops, and malware presence.
Serpent stated about how scammers claim to be blockchain developers and find users who have been at the receiving end of a recent large-scale hack or exploit, and ask them for a fee to deploy a smart contract to recover stolen funds.
According to “Fake Revoke.Cash Scam,” an analyst, users are tricked into exploring a phishing website through fake warnings of their cryptocurrency assets being at risk. Users are then asked to click on a malicious link.