A person lost $71 million on Crypto scam, an unbelievable trick surprise the world



The cryptocurrency communities are really surprised by hearing about this type of tricks to make scam, also demanded the urgent need for increased awareness and education on the risks associated with digital asset transactions.

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https://www.cryptocrit.xyz/2024/05/a-person-lost-71-million-on-crypto-scam.html

Biden administration proposed DAME tax on Tuesday, which would charge Bitcoin miners a 30 % tax on the cost of the electricity, but crypto industries are not happy with this proposal, have shared negative opinion against this decision.

The Bitcoin mining community is facing a new challenge that could change its future in the United States. The White House has proposed a tax called the Digital Asset Mining Energy (DAME) tax, which would make it more expensive for companies to mine Bitcoin and other digital currencies.

On Tuesday, this proposal was brought back into the spotlight as part of the government’s budget plan for the next fiscal year. The DAME tax would charge Bitcoin miners a 30% tax on the cost of the electricity they use. This tax would be introduced gradually: starting at 10% in the first year, then increasing to 20% in the second year, and finally reaching 30% in the third year.

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https://www.cryptocrit.xyz/2024/04/DAME-tax-in-USA.html

Technical analysts are keeping a close eye on Bitcoin after it formed its first-ever "golden cross" pattern, which is often seen as a bullish signal



In the world of finance, technical analysts play a crucial role in forecasting the future movements of assets like Bitcoin. Recently, Bitcoin has caught the attention of these analysts due to the formation of its first-ever 'golden cross' pattern. Let's delve into what this means and its potential implications.

Technical analysts are individuals who analyze historical price data and charts to make predictions about future price movements. They utilize various tools and indicators to spot patterns that may indicate potential trends in the market. One such pattern is the 'golden cross.'

The golden cross is a specific chart pattern formed by two moving averages (MAs) - a short-term MA and a long-term MA. When the short-term MA crosses above the long-term MA, it's termed a golden cross. Traditionally, this crossover is interpreted as a bullish signal, suggesting a possible uptrend in the asset's price over the long term.

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https://www.cryptocrit.xyz/2024/03/bitcoins-first-ever-golden-cross.html

Polkadot (DOT) has been experiencing a notable downturn in its price, with the current value resting at $7.58 USD as of 2:49 PM PST. Over the past 24 hours, the cryptocurrency has seen a decrease of 2.89%, contributing to its ongoing downward trend. This trend is further evident when examining its performance over longer periods, with a 7-day change of -7.50%, a 30-day change of -9.06%, and a staggering 1-year change of -79.20%. These figures reflect a concerning trajectory for investors and traders alike.

Despite a slight upward tick in the last hour, DOT remains significantly below its all-time high of $54.98 USD, which was recorded on November 4, 2021. This vast disparity raises questions about the cryptocurrency's ability to regain momentum and stabilize its value in the near future. Moreover, the decrease in trading volume compared to previous days suggests a decrease in market activity, indicating waning investor confidence and participation.

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https://www.cryptocrit.xyz/2024/02/Polkadot-price-analysis.html

The Blockchain Futurist Conference (BFC) is an exciting event that brings together blockchain enthusiasts, industry experts, and innovators from around the world. Hosted annually in Toronto, Canada, this year's conference, scheduled for August 13-14, 2024, promises to be the most thrilling yet. At the heart of BFC are its world-class speakers. With over 250 industry experts and thought leaders lined up, attendees can expect insightful discussions on the latest trends, innovative technologies, and pressing issues in the blockchain, crypto, and Web3 space. The conference boasts a diverse range of sessions, including panels, workshops, roundtables, and keynotes, covering topics such as NFTs, Metaverse, DeFi, and DAOs. Whether you're a seasoned professional or a curious newcomer, there's something for everyone to learn and explore.

https://www.cryptocrit.xyz/2024/02/biggest-crypto-event-on-canada-journey.html

Canadian cryptocurrency exchange called Cataclyx has made a big decision. They've stopped all trading and withdrawals because they suspect a security breach. Cataclyx is investigating the issue, and they think it might involve their own employees. This situation has led to the loss of some crypto assets that belonged to the people using Cataclyx.

This unexpected turn of events happened after a regulatory group called the Alberta Securities Commission told Cataclyx to stop trading. They're worried about how Cataclyx is doing things. The regulators are looking into whether one of Cataclyx's employees might have caused the security breach that led to the loss of part of the crypto assets held by Cataclyx for its users.

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https://www.cryptocrit.xyz/2024/01/canadian-crypto-exchange-platform.html

Crypto scammers, pose a serious threat to users. These harmful programs unlawfully take cryptocurrency from victims' wallets using various tactics, such as launching campaigns, creating deceptive websites, making connections to wallets, interacting with smart contracts, transferring assets, and using obscuration.

To break it down, a crypto drainer uses a harmful program designed to swipe cryptocurrency from your wallet. They work by fooling you into approving transactions that allow the attacker to move your funds elsewhere, often without your knowledge or consent.

Scam Sniffer, a provider of anti-scam solutions, found a series of attacks by crypto drainer malware that stole around $59 million from 63,210 victims. This was done by embedding a wallet drainer called MS Drainer in Google searches and X (formerly Twitter) ads. The attack campaign uses malicious ads on Google and X to redirect users to phishing pages.

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https://www.cryptocrit.xyz/2023/12/google-and-x-ads-are-new-weapon-for.html

Some people say cryptocurrencies are like a big guessing game, similar to the wild times of the dot-com era. They point out how the prices of these digital currencies go up and down a lot in a short time. These critics also say that most cryptocurrencies don't have any real value supporting them; their worth is mostly based on people speculating and getting excited about them.

They also talk about Initial Coin Offerings (ICOs), where companies raise money by creating their own digital tokens. Critics think this is a sign that the whole cryptocurrency thing is a bit like a bubble. They say many ICOs don't have a solid plan or product, and they rely on people getting really interested in cryptocurrencies.

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