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Cerita DiBalik Hacker Yang Kembalikan $25 Juta Kepada dForce

Sebuah hal menarik baru-baru ini terjadi dalam industri Decentralized Finance (DeFi) global. Setelah beberapa hari yang lalu dilaporkan bahwa seorang hacker berhasil membobol lapisan keamanan protokol dForce dengan menyerang Lendf.Me, sebuah pasar cryptocurrency yang mengadopsi sistem open source, hal tersebut nyatanya tidak bertahan cukup lama. Sang hacker diberitakan telah mengembalikan dana yang ia curi senilai […]

The post Cerita DiBalik Hacker Yang Kembalikan $25 Juta Kepada dForce appeared first on Kanalcoin.

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Sebuah hal menarik baru-baru ini terjadi dalam industri Decentralized Finance (DeFi) global. Setelah beberapa hari yang lalu dilaporkan bahwa seorang hacker berhasil membobol lapisan keamanan protokol dForce dengan menyerang Lendf.Me, sebuah pasar cryptocurrency yang mengadopsi sistem open source, hal tersebut nyatanya tidak bertahan cukup lama.

Sang hacker diberitakan telah mengembalikan dana yang ia curi senilai $25 juta dalam bentuk Ethereum, stablecoin, dan Bitcoin. Dana tersebut tidak dikembalikan sekaligus, melainkan secara bertahap.

Banyak pihak percaya bahwa sang hacker telah melakukan blunder yang cukup fatal. Ia memproses aset cryptocurrency yang telah ia curi hanya dengan menggunakan teknologi VPN atau server proxy biasa yang tentu saja dapat membuka identitasnya dengan mudah. Jika saja ia lebih berpengalaman, tentu ia akan menggunakan jaringan desentralisasi yang lebih kredibel sehingga keamanan infomasi pribadinya dapat lebih terjamin.

Apa yang sebenarnya terjadi?

Dua Kemungkinan

Para pengamat meyakini ada dua kemungkinan yang terjadi dalam kasus ini. Pertama, sang hacker sejatinya tidak memiliki niatan buruk saat mengambil dana tersebut, melainkan hanya ingin menunjukkan kelemahan besar pada sistem DeFi yang bisa dimanfaatkan sewaktu-waktu oleh siapa saja yang memiliki niat jahat.

Kedua, kemungkinan sang hacker masih belum memiliki pengalaman yang cukup dalam dunia kriminalitas. Hal ini dibuktikan dengan ia yang, entah disengaja ataupun tidak, meninggalkan identitasnya ketika melakukan praktik kriminal tersebut sehingga publik dapat dengan mudah mengidentifikasi pelaku.

Dari kedua kemungkinan alasan tersebut, sepertinya alasan kedua lebih masuk akal. Memang dalam beberapa kasus sebelumnya ada orang-orang yang memang sengaja membobol keamanan suatu sistem karena mereka ingin melaporkan celah keamanan tersebut kepada pihak yang terkait. Akan tetapi, terlalu ceroboh rasanya bila sang pelaku juga sampai meninggalkan jejak berupa identitas yang dapat dengan mudah ditelusuri di kemudian hari.

Pelajaran yang Dapat Diambil

Kemungkinan manapun yang menjadi alasan sang pelaku dalam melakukan aksi pembobolan tersebut tidak menutupi fakta bahwa sistem keamanan protokol DeFi masih memiliki celah yang dapat dimanfaatkan oleh orang-orang yang tidak bertanggungjawab.

Menurut PeckShield, sebuah institusi peneliti kemanan blockchain, celah dalam sistem keamanan tersebut terletak pada fungsi persetujuan pinjaman yang dimiliki oleh Lendf.Me. Ketidakmampuan sistem tersebut untuk menciptakan kontrak bagi setiap transaksi yang dilakukan melalui teknologi tersebut telah membuat lubang yang cukup besar bagi keamanan sistem secara keseluruhan.

Hal ini dikemukakan oleh CEO Compound, Robert Leshner. Ia bahkan mengatakan bahwa setiap sistem yang berani untuk menawarkan jasa di bidang cryptocurrency, terutama dalam hal decentralized finance, harus memiliki kemampuan untuk menciptakan kontrak mereka masing-masing.

(*)

Source: https://www.kanalcoin.com/cerita-hacker-kembalikan-25-juta-kepada-dforce/

Blockchain

Bitcoin Bear Market Fears Sparked by Institutional Outflows and Whale Capitulation

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Now, on-chain analytics and reports from fund managers are showing significant Bitcoin outflows amid continued crypto restrictions in China.

Multiple Bitcoin Bear Market Signals

In its weekly report for the period ending June 21, 2021, published on Monday, digital asset investment outfit CoinShares revealed $79 million in outflows from institutional crypto investment funds.

This report marks the third consecutive seven-day period to see a negative balance on the flow of institutional crypto funds monitored by the firm for the first time since the bear market of 2018.

Monday’s report likely offers another signal of bearish sentiments in the crypto space, at least in the short term. Beginning in February 2018, CoinShares recorded seven consecutive weeks of outflows from institutional crypto funds.


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Bitcoin accounted for most of the outflows recorded this past week at $89 million, with the BTC total outflow now over $487 million since the start of the year. According to CoinShares, this figure amounts to about 1.6% of the total assets under management of the funds captured in the analysis.

Ether (ETH), on the other hand, only saw minimal outflows, totaling $1.9 million to bring the 2021 ETH outflow to about $14.6 million or 0.14% of the total AUM of these funds. Despite seeing only minor outbound movement, ETH weekly trading volume by institutional investors is down about 80% since the high point reached back in May.

Apart from the CoinShares report, on-chain data from crypto analytics provider CryptoQuant also shows emerging bear market conditions. Tweeting on Monday, CryptoQuant CEO Ki Young Ju highlighted the platform’s Whale Capitulation Index showing significant outflows from large-holder wallets to Bitcoin exchanges.

I hate to say this, but it seems like the $BTC bear market confirmed.

Too many whales are sending $BTC to exchanges.

photo_2021-06-21_19-18-19
Source: CryptoQuant

Dominance on the Rise but BTC Needs Higher Highs

While Bitcoin is down over 50% since reaching a new all-time high above $64,000 back in April, its price decline has not been as massive as some other major altcoins. After declining to a two-year low below 40% amid altseason back in early May, the Bitcoin dominance has bucked the trend to rise slightly and is now at 45% as of the time of writing.

However, given Bitcoin’s stated ability to lead wholesale market recoveries, a slight increase in dominance is not enough to kick-start another crypto market uptrend as it needs to attain higher highs in terms of short-term price action.

Bitcoin plummeted to $32,000 earlier on Monday amid negative news out of China about a ban on financial institutions servicing crypto trading platforms. These price struggles have seen BTC’s year-to-date performance shrink to a little over 10%.

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Source: https://cryptopotato.com/bitcoin-bear-market-fears-sparked-by-institutional-outflows-and-whale-capitulation/

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Blockchain

MicroStrategy Acquires More Bitcoin, Holds More Than 105,000 BTC

MicroStrategy Bitcoin

Rate this post Business analytics firm MicroStrategy has added more Bitcoin to its balance sheet, taking the company’s collective holdings to a whopping 105,085 BTC. According to an announcement from the firm’s CEO Michael J. Saylor, MicroStrategy spent $489 million to add another 13,005 BTC to its treasury. Michael Saylor Announces New Bitcoin Purchase For MicroStrategy Saylor and his company have maintained their belief in Bitcoin’s potential despite the primary crypto’s ongoing price struggles in a volatile market. The company has been pumping the digital asset since last August following the pandemic-induced inflation, which forced investors to seek non-traditional options that safeguard their assets. In its most recent accumulation effort, MicroStrategy snagged 13,005 BTC for an average price of $37, 617 per token. However, the digital asset has declined sharply in the last few days, and one coin is currently trading for $32,500.  As part of its announcement, the firm revealed that its recently formed subsidiary MacroStrategy LLC holds 92,079 BTC of its total balance.  Altogether, the new investment takes MicroStrategy’s combined Bitcoin holdings to a staggering 105,085 coins. At the current spot price, this holding is worth $2.74 billion, with each token amounting to slightly more than $26,000.  MicroStrategy Raised $500M to Procure Its Current BTC Investment Earlier this month it was reported that MicroStrategy was offering senior secured notes due in 2028 to raise half a billion dollars in debt. These notes bore an annual interest rate of 6.125%. The company had originally capped the sale at $400 million, but shortly thereafter it boosted its offer by another $100 million.  Following the sale of its debt offering, the company revealed that it had amassed nearly $489 million, which would be invested in Bitcoin. At the same time, MicroStrategy also announced that it was planning to sell up to $1 billion in stocks and that part of those proceeds would be directed to buying more Bitcoin. Even before its recent purchase, MicroStrategy owned the largest reserve of the flagship crypto among all publicly traded companies. 

The post MicroStrategy Acquires More Bitcoin, Holds More Than 105,000 BTC appeared first on Cryptoknowmics-Crypto News and Media Platform.

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Business analytics firm MicroStrategy has added more Bitcoin to its balance sheet, taking the company’s collective holdings to a whopping 105,085 BTC. According to an announcement from the firm’s CEO Michael J. Saylor, MicroStrategy spent $489 million to add another 13,005 BTC to its treasury.

Michael Saylor Announces New Bitcoin Purchase For MicroStrategy

Saylor and his company have maintained their belief in Bitcoin’s potential despite the primary crypto’s ongoing price struggles in a volatile market. The company has been pumping the digital asset since last August following the pandemic-induced inflation, which forced investors to seek non-traditional options that safeguard their assets.

In its most recent accumulation effort, MicroStrategy snagged 13,005 BTC for an average price of $37, 617 per token. However, the digital asset has declined sharply in the last few days, and one coin is currently trading for $32,500. 

As part of its announcement, the firm revealed that its recently formed subsidiary MacroStrategy LLC holds 92,079 BTC of its total balance. 

Altogether, the new investment takes MicroStrategy’s combined Bitcoin holdings to a staggering 105,085 coins. At the current spot price, this holding is worth $2.74 billion, with each token amounting to slightly more than $26,000. 

MicroStrategy Raised $500M to Procure Its Current BTC Investment

Earlier this month it was reported that MicroStrategy was offering senior secured notes due in 2028 to raise half a billion dollars in debt. These notes bore an annual interest rate of 6.125%. The company had originally capped the sale at $400 million, but shortly thereafter it boosted its offer by another $100 million. 

Following the sale of its debt offering, the company revealed that it had amassed nearly $489 million, which would be invested in Bitcoin. At the same time, MicroStrategy also announced that it was planning to sell up to $1 billion in stocks and that part of those proceeds would be directed to buying more Bitcoin.

Even before its recent purchase, MicroStrategy owned the largest reserve of the flagship crypto among all publicly traded companies. 

READ  MicroStrategy’s Bitcoin Stack Up: Brilliant Moves or Risk?

#Bitcoin #CEO Michael Saylor #MicroStrategy #MicroStrategy BTC Investment

Source: https://www.cryptoknowmics.com/news/microstrategy-acquires-more-bitcoin-holds-more-than-105000-btc/

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Thailand SEC Bans Meme Coins, Fan Tokens, NFTs

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Local exchanges in Thailand had been given a deadline until July 11 to submit their new rules for listing tokens that complies with the new guidelines from the Thailand Securities and Exchange Commission (SEC).

“The Securities and Exchange Commission (SEC) Board has approved the new rules that prohibit digital asset exchanges from providing services in relation to utility tokens and certain types of cryptocurrencies. The rules also specify that the exchanges set a requirement to be imposed in the event that digital tokens issued by their own exchange or related persons are listed on the exchange. In this regard, the token issuer who fails to comply with the white paper and relevant rules in substance could risk having such tokens delisted from the exchange. This new regulatory guideline aims to enhance protection of digital asset traders’ interest.”

The Thai SEC also added that listing rules prohibits local exchanges from providing services that have these following characteristics:

(1) Meme Token – having or no clear objective or substance or underlying, and whose price runs on social media trends.

(2) Fan token: tokenized by the fame of influencers.

(3) Non-Fungible Token (NFT): a digital creation to declare ownership or grant of right in an object or specific right. It is unique and not interchangeable with digital tokens of the same category and type at the equal amount.

(4) Digital tokens which are utilized in blockchain transactions and issued by digital asset exchanges or related persons.

Along with this move is their previous announcement of regulating Decentralize Finance (DeFi) projects in the country, including the issuance of digital tokens.

In the previous announcement, liquidity provider tokens, governance tokens, or tokens issued to those transacting in DeFi projects “must be licensed and must abide by the specified rules”.

The new regulation stipulates crypto exchanges, digital-asset brokerages, digital asset-dealers, private fund managers and investment advisors must be licensed by the Ministry of Finance.

Thai SEC states that, “For traders, it is best to study the DeFi project before getting involved in both technical and security aspects.” They also added that traders “should check whether the service provider is a digital-asset business that is licensed and regulated by the SEC or other regulatory agencies under law.”

This article is published on BitPinas: Thailand SEC Bans Meme Coins, Fan Tokens, NFTs

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Source: https://bitpinas.com/regulation/thailand-sec-ban-meme-tokens/

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