The post Taiwanese Singer Raises 195,000 Solana Worth $36M For His New Memecoin appeared first on Coinpedia Fintech News Taiwanese singer Jeffrey Huang has made headlines in the cryptocurrency world as he reportedly raised around 195,000 SOL (Solana) for his Memecoin Bobaoppa. However, Huang’s earlier involvement in multiple Initial Coin Offerings (ICOs) in 2022, which resulted in failed pump-and-dump NFT tokens, has sparked skepticism within the crypto community regarding his recent actions. Fundraise For Bobaoppa Token Recent data from Solscan reveals that Huang’s memecoin project has successfully raised a staggering 195,000 SOL, equivalent to approximately $36 million. This significant fundraising achievement highlights Huang’s growing influence and the rising popularity of memecoins in the digital asset market. According to Solscan, as of 10:00 UTC+8, Taiwan singer Jeffrey Huang has raised approximately 195,000 SOL for his Memecoin Bobaoppa, worth approximately $36 million. ZachXBT exposed in 2022 that Huang had issued dozens of ICOs including Mithril, Formosa, Machi X, Cream Finance…— Wu Blockchain (@WuBlockchain) March 28, 2024 Huang initially found fame as a founding member of the pop/rap band named L.A. Boyz in the 90s. He later went on to found the hip-hop group “Machi” in 2003, as well as the record label “MACHI Entertainment”. Huang entered the crypto space in 2017, Huang’s journey began with the launch of Mithril (MITH), marking the beginning of a series of crypto projects. Despite facing setbacks, Huang’s involvement in the Bored Ape Yacht Club NFTs further cements his presence in the crypto community. Huangs: Pump and Dump The news of Huang’s fundraising success comes amidst revelations about his past involvement in various Initial Coin Offerings (ICOs). Notably, Huang has been associated with multiple ICOs, including Mithril, Formosa, Machi X, Cream Finance, and Mith Cash, as revealed by ZachXBT in 2022. Adding to the skepticism is Huang’s affiliation with the Machi group, which reportedly oversaw the operation of “over ten failed pump and dump tokens and NFT projects” over four years. BOBAOPPA Price Analysis Huang’s foray into the world of memecoins has sparked discussions within the crypto community, with many curious about the potential impact of Bobaoppa on the broader market. With Huang’s successful fundraising, Memecoin Bobaoppa joins the ranks of noteworthy memecoin projects, reflecting the rising influence of memecoins in the crypto market. Currently, the price of BOBAOPPA/SOL stands at $0.00003291, reflecting a 0.7% increase over the past 24 hours. During this period, its value ranged between a high of $0.00004801 and a low of $0.000001067.
Branch closures have slowed down as banks and credit unions realize their potential purpose and value to customers
The post SHIB Community Burns 50 Million Tokens: What Lies Ahead for Shiba Inu Coin Price? appeared first on Coinpedia Fintech News With the markets leaping recovery this week, the meme and AI coins quickly capitalize on the positive sentiments. Shiba Inu’s 50 million token burns made news and got investors excited. Many predicted that this significant supply reduction would raise SHIB prices. The SHIB and crypto communities have noticed this increase, which has removed one zero from its price. In the past 24 hours, the Shiba Inu currency has dropped 2.15% to $0.00003035. Will it hit the bull’s eye in the current bear market? Let’s decode the possibilities. Analyzing the Unexpected SHIB Price Dip SHIB’s price dropped despite an impressive burn rate in a burn scenario, leaving investors puzzled. The market reaction could be due to broader market trends, as major cryptocurrencies like Bitcoin and Ethereum often experience downturns. On the other hand, a decline in derivatives interest and trading volume further adds to the bearish sentiment surrounding SHIB. Coinglass data shows an 8.23% decrease in open interest and a 26.87% drop in derivatives volume, suggesting reduced market activity and investor interest. This lack of confidence in the token can put downward pressure on its price. SHIB is Here to Stay! Shibburn revealed that the meme coin community burned 50.90 million coins in 24 hours, matching the 1055% SHIB burn rate increase. This large amount severely reduced Shiba Inu’s supply again. However, SHIB is not over yet. Despite the recent price dip, some bullish signs remain to consider. The Relative Strength Index (RSI), a commonly used indicator to assess whether an asset is overbought or oversold, is hovering at 59, suggesting that SHIB is not yet in oversold territory. This means there’s still potential for the price to rebound or stabilize shortly. Apart from technical indicators, historically also SHIB looks good giving investors a ray of hope. If past patterns repeat themselves, SHIB will bounce back to key support levels and target higher resistance levels, potentially signaling a reversal in its recent downtrend. Market Outlook In short, while the short-term outlook for SHIB may seem uncertain due to market fluctuations and declining interest, the ongoing token burns and positive sentiment within the community suggest that there could still be brighter days ahead for Shiba Inu. As always, investors should stay vigilant, closely watch market trends, and be prepared for potential price swings in either direction.
The post $1.28 Million Lost From Crypto Phishing Attacks in Less Than 2 Hours appeared first on Coinpedia Fintech News In the course of a recent phishing crypto attack, victims have altogether stood to lose $1.28 million in slightly less than two hours. The deadly rise of such scams has grabbed cybersecurity experts’ attention, and anti-web3 scam alerts, such as Scam Sniffer, have alerted the crypto community of the latest attacks. In less than 2 hours, $1.28 million was stolen due to phishing. https://t.co/a6e8CeGPTm— Scam Sniffer | Web3 Anti-Scam (@realScamSniffer) March 27, 2024 The investigation disclosed that one user became a victim of a phishing attack yesterday, which caused the loss of $BEAM tokens worth $787,242. Furthermore, the other victim has also lost the amount of $389,154 of $STONE tokens within just a few hours. These hacker cases show us the gravity of the danger involved in the trade of crypto as the phishing attacks get worse. Uplifting Conclusions From the Phishing Report The ScamSniffer report of February indicated that 57 thousand victims had suffered almost 47 million in one month alone from these phishing scams. Despite the decreasing tendency, the number of victims who reported the same loss of more than a million decreased by 75% compared to January. The world of Ethereum mainnet has become the hottest spot for phishing attacks which are responsible for the largest amount of the total theft volume, more than 78%. For instance, 86% of the funds (i.e. ERC20 tokens) that got stolen are the Ethereum tokens particularly. The well-known phishing signatures used by hackers to gain unauthorized access to victims’ assets included qualities like allow, seed, bounty, permit, IncreaseAllowance, and Uniswap Permit2. Tactics Employed by Cybercriminals Twitter impersonation tactics are often used by hackers who exploit the same evasion techniques. Several phishing websites initiated by impersonated Twitter accounts (the ones with false identities) have been used to exploit user’s trust in social media, thus tricking them into falling victims. There are other scam techniques, such as wallet drainers, including doctored or imitated wallet and approver tokens, which make it easy for criminals to run phishing attacks. A sharp rise in the number of phishing attacks leaves users at risk of losing their digital assets. As the latest news shows, $104 million in crypto was lost to phishing within the first two months of this year. Users must hence be alert all the time and take comprehensive security measures to prevent them from becoming victim of phishing schemes.
The post Etherland Announces Tecra Space Launch Date appeared first on Coinpedia Fintech News Etherland confirms Tecra Space launch data as it embarks on developing blockchain-based RWA solutions. Etherland, a blockchain-powered project transforming the real estate industry, has officially announced April 9th as the launch date for its highly anticipated Tecra Space campaign. This initiative aims to accelerate Etherland’s development of innovative RWA solutions that address inefficiencies, security gaps, and data fragmentation within the real estate sector. Tecra Space Campaign: Powering the Future of Etherland The Tecra Space campaign marks a pivotal moment in Etherland’s journey to transform the real estate sector. This crucial fundraising initiative aims to accelerate the development of Etherland’s innovative B2B, B2C, and cultural heritage preservation solutions. Investment Tiers & Benefits The campaign offers a range of investment tiers, each granting you a unique NFT investment certificate. These NFTs offer escalating benefits within the Etherland ecosystem, including: DAO Voting Power: Participate in shaping Etherland’s future direction through the decentralized governance model. Exclusive Access: Potential for early access to new features, NFT drops, and community opportunities. Staking Rewards: Potential to earn rewards by supporting the Etherland network. Why Participate in the Etherland Tecra Space Campaign The Etherland Tecra Space campaign presents a unique opportunity to become a driving force behind innovations that are poised to transform the real estate industry and the way we preserve our cultural heritage. Unlock Exclusive Benefits Your investment opens doors to exclusive benefits within the Etherland ecosystem. You have the potential to receive unique NFTs that offer perks such as early access to new features, NFT drops, and even potential staking opportunities. Additionally, participation in the Tecra Space campaign makes you eligible for the NFT lottery, offering you a chance to win valuable NFTs and mining rights. It’s worth noting that Estatepedia NFTs have demonstrated significant value, with some selling for over $10,000 and the collection maintaining a strong floor price of around ETH 1 ($3,500). Shape the Future with DAO Voting Etherland is a community-driven project. Participating in the Tecra Space campaign gives you a powerful voice by receiving an NFT investment certificate granting voting rights within the Etherland DAO. This empowers you to influence decisions about the project’s roadmap, feature development, and resource allocation. Preserve History for Future Generations The Estatepedia project is a cornerstone of Etherland’s mission. Your participation in the Tecra Space campaign directly accelerates the development of this initiative, helping ensure the preservation of historical landmarks and cultural sites through innovative blockchain-based solutions. Etherland plans to launch applications that offer RWA blockchain tools for B2B and B2C. Etherland: Enhancing The Real Estate Industry with Blockchain Solutions Etherland understands that the key to transforming the real estate industry lies in addressing fundamental data-related challenges. Blockchain technology provides the foundation for innovative solutions that directly target these issues. Firstly, it offers a tamper-proof ledger for storing sensitive real estate documents such as deeds, appraisals, and surveys. This ensures the absolute integrity of these crucial records and guarantees secure access for authorized parties. Additionally, smart contracts play a vital role in streamlining workflows within the real estate industry. Automating various processes significantly reduces the potential for delays, paperwork, and human error, improving efficiency across the board. Moreover, blockchain technology fosters enhanced transparency within the real estate market. A reliable and auditable record of property ownership and history creates an environment of trust, empowering stakeholders to make informed decisions. Etherland’s Unique Approach To RWAs and Blockchain Technology While Etherland acknowledges the potential of Real-World Asset (RWA) tokenization, it believes its technology’s true strength lies in its innovative approach to documentation and secure storage solutions. These solutions address the core pain points faced by industry professionals. “Essentially, the Etherland projects seek to provide the real estate industry with B2B and B2C tools required to bring this multi-trillion industry into the 21st century,” said Alexis Brand, the CEO of Etherland. Preserving Cultural Heritage with Etherland While the real estate industry often comes to mind when discussing blockchain applications, Etherland’s vision extends far beyond traditional property transactions. The project harnesses the power of blockchain technology to tackle challenges that span various sectors, with a core emphasis on secure data management and accessibility. One prominent example of this broader application is the Estatepedia project – a revolutionary platform dedicated to preserving cultural heritage through NFTs and blockchain technology. Estatepedia empowers users to safeguard historical landmarks and sites, ensuring the longevity of our shared past for generations to come. Although Estatepedia hasn’t reached its full potential yet, some of the most valuable NFTs have been traded for well over $10,000. Final Thoughts on Etherland’s Tecra Space Campaign Etherland’s innovative approach to RWA solutions addresses persistent challenges in the real estate industry. Key solutions include secure document management, streamlined workflows enabled by smart contracts, and enhanced data transparency. The Tecra Space campaign, launching April 9th, has the potential to accelerate the development of these transformative technologies while adhering to the community-centric approach favored by the Etherland team. Find out more about the Tecra Space campaign by joining the Etherland community on Telegram, Discord, and X.
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