Sometimes those scammers provide links to their website so that the victim can visit their website and try to swap the coins. Here is the main part, when victims connect their web3 wallets to their website, these websites drain their entire wallet within a minute.

This is actually already a popular scam method which victimized many in the past and that's why it is good never to touch something like that otherwise your wallet will be zero in no time at all. I once read horrifying stories along this scam strategy and in many cases those who are new in crypto industry can easily be deceived as who would not want to receive something for free even if the value can just be $10. This was popular in both ETH and BSC network and until now I still see some tokens and coins coming my way without me knowing where they really come from. In Twitter or X, airdrops is always popular but I am careful in there as we don't know if they are still employing the same scam way to victimize people. We are certainly living in the good and the bad of the cryptocurrency industry and categorizing which can be a little bit challenging.

Quote from: https://news.bitcoin.com/standard-chartered-second-trump-term-would-be-broadly-positive-for-crypto/

Standard Chartered Bank’s head of FX Research and Digital Assets Research, Geoff Kendrick, believes that a victory by former U.S. President Donald Trump in November’s U.S. presidential election would be “bitcoin positive.”

We think that a second Trump administration would be broadly positive via a more supportive regulatory environment. Trump initially opposed crypto and bitcoin during his presidency. However, he has launched several non-fungible tokens (NFTs) since leaving office. Last month, he described bitcoin as “an additional form of currency,” noting that the crypto has taken on a life of its own. In addition, he has acknowledged bitcoin’s popularity.

In between the two famous old men - the other still energetic, kicking and fighting while the other one is walking like a robot and sometimes lost in speech and stage - it is actually Donald Trump who had not done a lot of damage to the cryptocurrency industry and seems to be friendlier. Now, in case there can be a miracle and if the current polls can be true, come January 2025 there can be the 2nd term for DJT and maybe the cryptocurrency industry can have a bigger and more active voice in the decision-making process of the White House.

This topic has been moved to Advertise Your Stuff.

https://www.altcoinstalks.com/index.php?topic=319832.0

Is anyone facing issues with AltcoinsTalks forum today?

As of today and even yesterday, everything is looking good with the forum on my part here somewhere in Asia. Though I must say that I got some downloading issues many weeks ago. Maybe this problem is just specific on your part and I am hoping that things will be normal again ASAP. And thanks for bringing this issue so we know that you are really concerned.

With regard to the right coin, the first position is certainly highly recommended to include Bitcoin in the portfolio and top Altcoins such as ETH, BNB, SOL can be other alternatives.

When an investor is just new and is afraid of big risks then the best thing to do is to go for top coins of the market most especially Bitcoin and Ethereum as these are proven to be solid and have been performing well. Now, with that in mind, one could not here experience x10, x100 ROI as we are not anymore in the introductory stage. In case one is not risk-averse then there are new projects including memecoins that got strong potential for monumental growth ahead but then again the risks here can also be gargantuan...and personally I consider these projects more like a gambling rather than an investment as they can die anytime due to many factors. When one would go for trading then no question top coins must be on play as they can be analyzed well by anyone willing to do so. The same thing can be said if one is planning to just HODL coins into the future. Right now, cryptocurrency industry is giving us many opportunities to earn money but can also be a way to lose our investment if we are not careful and sometimes if we are not that lucky.

This topic has been moved to Projects Updates & Press-releases.

https://www.altcoinstalks.com/index.php?topic=321096.0

This is an interesting story and it involved a staggering amount of $68M of Bitcoin from the victim and the culprit was using the so-called crypto address poisoning. So what is address poisoning?

According to Cryptonews:

Address poisoning, also known as address spoofing, exploits a trader’s haste and negligence during transactions. It involves tricking victims into sending their digital assets to fraudulent addresses belonging to scammers.

In most probability, the victim was not aware that his gadget can be compromised resulting into this unbelievably high-value  scam which raises the question that even people who are already experienced with cryptocurrency - its ins and outs - can still be victimized by a more creative evil one.

There is no question that scams, hacks and similar cancerous endeavors within the cryptocurrency industry are one of the many blackeyes and which can make some people stay away from participating in this emerging industry. According to CertiK, over $502 million worth of digital assets were stolen across 223 hacks and exploits during the first quarter of 2024. Now, that is staggering!

Do you think that we should now accept the occurrence of these scams and hacks as very normal in the cryptocurrency industry...and what are the things we can do to protect ourselves from them?