• Poolz, an IDO platform, was recently the victim of a security incident.
• The team responded quickly, and within two hours the token was no longer available for trading.
• A fundraiser campaign was initiated in the aftermath of the incident to bolster security and create a more robust platform for users.

Poolz Security Incident

On 15 Mars a hacker succeeded in exploiting the token contract for the POOLZ vesting system. Some of the tokens that were allocated to public buyers were illicitly obtained and sold.

Rapid Response

The Poolz team responded quickly, and within two hours the token was no longer available for trading. A rapid response team was assembled to prevent further damage and ensure a similar incident could not recur. Within hours of the attack, Poolz succeeded in having the hacker’s address flagged on leading blockchain explorers. The team also removed the remaining liquidity from Uniswap and Pancakeswap to protect users.

New Platform Token

The same day, Poolz commenced work on designing a new platform token, POOLX. The token is currently being audited by Certik, ArcadiaGroup, and ChainPort.

Fundraiser Campaign

To support Poolz‘ efforts, a fundraiser campaign was initiated in the aftermath of the incident. Within 12 hours, $600K was raised in order to implement new and strengthened foundations. This will bolster security and result in a more robust platform for the benefit of all users.

Quotes from Founder

Poolz Founder Liam Cohen said: „We’re proud of our team’s swift and effective response to the cyber

• Ethereum’s price has recently been declining after being rejected from a significant resistance level.
• Technical analysis of the daily and 4-hour charts for ETH reveals that the next support level is at $1400 (200-day MA) and the current consolidation zone is between $1680 and $1500.
• If the 200-day MA support is broken, ETH could potentially drop to $1300 in the short term.

Overview

The price of Ethereum has been declining in recent days after being rejected from a significant zone of resistance a couple of weeks ago. Therefore, it would be useful to analyze the available support levels that could potentially halt the downturn.

Daily Chart Analysis

On the daily chart, the price has broken below the 50-day moving average, which is located around the $1600 mark. This took place after a rejection from the key $1800 level and higher boundary of large symmetrical triangle pattern. Currently, market seems to be targeting 200-day moving average which is located around $1400 price level. If this significant moving average is broken then price likely to drop toward $1300 in short term whereas if rebound from mentioned 200-day MA then 50-day MA would now function as resistance followed by higher boundary of triangle.

4 Hour Chart Analysis

Looking at 4 hour chart its clear that price of ETH has been consolidating between 1680$ level and 1500$ area with 1500$ acting as potential support soon to be tested where further future action will depend on how it performs there with potential rebound rally towards 1680$.

Potential Outcomes

If 200 day MA support holds then potential rebound rally towards 1680$ however if it breaks then ETH could potentially drop to 1300$ in short term while if rebounds from mentioned 200 day MA then 50 day MA would now act as resistance followed by higher boundary of triangle .

Conclusion

Ethereum’s current decline may not yet have reached its bottom but analyzing available support levels can help us predict potential outcomes for its future performance.

• TRON and Oraichain have partnered to combine AI with blockchain technology
• The partnership will provide developers with resources for building advanced solutions
• The goal of the partnership is to expand smart contract functionality and innovate new use cases.

TRON Partners with Oraichain

TRON has taken a big step towards integrating artificial intelligence (AI) with blockchain technology by partnering with Oraichain, the world’s first AI-powered oracle and ecosystem for blockchains. This collaboration aims to revolutionize the industry by providing developers, investors and enthusiasts access to educational resources that empower them to create innovative AI-powered solutions utilizing blockchain technology.

Empowering Developers

The TRON-Oraichain partnership marks an important milestone in the development of blockchain technology. By providing developers with the necessary tools needed to create advanced solutions that leverage AI, both companies are paving the way for a future where decentralized AI is commonplace. Through this collaboration, TRON and Oraichain will work together to foster a community of passionate individuals who believe in the potential of blockchain and AI.

Educational Resources

In order to achieve their goal of expanding smart contract functionality and innovating new use cases, they will also provide educational resources such as tutorials, lectures and workshops that help developers learn more about integrating AI into their projects. Furthermore, they are dedicated to developing incubation programs that equip entrepreneurs with the essential knowledge required for launching successful startups within this space.

Revolutionizing Blockchain Technology

This development marks a major step forward in revolutionizing blockchain technology through the integration of AI into decentralized applications (dApps). With this partnership now established, it is expected that there will be significant growth in investments within this space as well as further developments in industry standards.

Conclusion

Overall, by combining both Artificial Intelligence and Blockchain Technology together through their partnership, TRON & Oraichain have set out an ambitious plan which could potentially revolutionize how dApps operate within our society today. It remains exciting what further advancements can come out from this collaboration which could shape how we interact with digital assets going forward into the future

• Phishing scammers have created a fake website of the upcoming ETH Denver conference in an attempt to scam users out of their crypto.
• The fake website was detected by crypto security firm Blockfence.
• Blockfence has urged users to be vigilant and aware of such potential scams.

Fake ETH Denver Website

Phishing scammers have recently created a fake website of the anticipated event ETH Denver, in an attempt to trick victims out of their crypto. This year, ETH Denver will take place between February 24th and March 5th, making it a prime target for hackers since conferences often attract newcomers who are unaware of the dangers within the industry.

Detection By Blockfence

The threat was detected by crypto security firm Blockfence, who warned users about the danger posed by such scams and reminded them to be vigilant when dealing with online activity related to cryptocurrency.

Fighting Scammers Together

Blockfence also stated that they are here to protect users and fight scammers together: Their ML algorithm marked the scam contract as “high risk”, while they partner with GoplusSecurity in this matter too.

Be Alert And Vigilant

It is important for users to remember that there will always be malicious people trying to exploit their naivety or lack of experience when it comes to cryptocurrencies and other digital assets. Therefore, it is important for everyone involved in this space to remain alert and vigilant at all times in order to protect themselves from potential threats like these phishing attacks.

Conclusion

Hackers will continue trying new techniques in order to scam people out of their cryptocurrencies or other digital assets. It is up to us as individuals or organizations operating within this space, however, to remain aware and prepared for such scenarios so that we can prevent ourselves from becoming victims of these types of scams.

Overview:
• Bitcoin NFTs are driving an increase in block size and attention.
• More than 100,000 inscriptions have been carried out on the Bitcoin network.
• Ordinal Punks currently hold the all-time high for Bitcoin NFT sales.

Bitcoin NFT Mania

The blockchain space has recently seen a surge in Non-Fungible Token (NFT) activity, particularly with regard to Bitcoin. Inscriptions, which are essentially the Bitcoin version of an NFT, have gained popularity over the last couple of weeks and there have been multiple high-end sales within the first 1,000 inscriptions. Recently, a new milestone was achieved as the protocol saw its 100,000th inscription take place. According to Dune Analytics, there are now more than 106K inscriptions on the network – highlighting the speed with which people are taking part in this new trend. It’s worth noting that at present time it requires a fully synchronized Bitcoin node to be able to create an inscription.

Ordinal Punks All-Time High

Ordinal Punks is one of many groups benefiting from this surge in interest around NFTs on Bitcoin’s network. They currently hold the all-time high for sales of these tokens and have seen a marked increase in interest since their launch earlier this year. With more users turning to Ordinal Punks every day, they continue to remain ahead of their competition when it comes to offering unique experiences through their tokens.

Effects on Network State

The influx of inscriptions has had a notable effect on the network state itself; this spike in activity has sparked debate among members of the community as some feel that it could lead to scalability issues down the line if left unchecked or unmanaged correctly by developers and miners alike. This also raises questions about how other blockchains will handle similar surges in activity should they become popular enough for them to do so without compromising on security or performance standards set by protocol developers and validators alike – something that is still being discussed today within various communities throughout the crypto space.

Technical Process

At present time creating an inscription requires maintaining a fully synchronized Bitcoin node which can prove quite challenging for those who lack technical expertise or understanding about how nodes work and what resources they require for successful operation (this includes storage space). Additionally, certain scripts must also be written specifically tailored towards individual transactions before they can be broadcasted onto a public ledger – making this process even more complicated than standard transactions usually handled by most wallets & exchanges today due largely due to its relatively nascent nature still requiring further development before becoming mainstream accessible .

Conclusion

Overall, Bitcoin’s non-fungible token market is continuing its rise into mainstream acceptance as evidenced by recent milestones such as surpassing 100 thousand inscriptions on its chain alone. While there may still be some challenges faced when developing these technologies further down the line such as scalability issues & technical complexity involved with coordinating individual tokens – these appear solvable given enough time & effort put forth by talented engineers & developers alike looking towards pushing forward decentralized finance’s potential even further into our everyday lives moving forward!

• The Bank of England and the HM Treasury department have released a consultation paper on the „digital pound,“ a UK central bank digital currency.
• The digital pound would be subject to rigorous privacy and data protection standards, allowing users to make choices about their data.
• It is too early to decide on launching the digital pound but it is likely that one will be needed in the future as it would be used by households and businesses for everyday payment needs.

Bank of England Releases Paper on Digital Pound CBDC

The Bank of England (BOE) and the HM Treasury department have published a consultation paper on the “Digital Pound,” a UK central bank digital currency (CBDC). It stated that the CBDC would be subject to rigorous privacy and data protection standards, allowing users to make choices about their data. While it is too early to decide on launching the digital pound, it is likely that one will be needed in the future.

Purpose of Digital Pound

The retail CBDC would be used by households and businesses for everyday payment needs such as stores, online shopping, and transfers between parties. Furthermore, it would exist alongside cash and bank deposits making it interchangeable with them both. Accessible through smartphones, this suggests that BOE are also developing a dedicated digital wallet for it.

Competition With Cash Payments

The BOE acknowledged that cash payments were still widely accepted in Britain and had many benefits but noted they did not offer all features necessary for modern payments such as speed or security against fraud or cyberattacks. Therefore they concluded that there was an opening for something like a CBDC which could fill these gaps while still providing strong consumer safeguards.

Future Plans For Digital Pound

The consultation paper seeks views from stakeholders regarding potential design features of a digital pound such as applications in different sectors or its use in international payments systems. It also touched upon how best to protect user’s rights over their personal information when using a CBDC alongside other policy considerations such as competition regulation or taxation issues associated with its use.

Conclusion

By releasing this consultation paper, BOE has taken another step towards potentially introducing a UK central bank digital currency in coming years although much more research needs to take place before any decisions can be made about its launch date or technical specifications

• Venom Ventures Fund (VVF) has invested $5 million in Everscale to aid its expansion efforts.
• The fund aims to support the Web3 industry by solving its scalability issues and helping Everscale hire more developers and increase the number of projects.
• VVF’s Chairman Peter Knez described the investment as “strategic, aimed at technological development of projects and teams around technologies”.

Venom Ventures Fund Makes Strategic Investment in Everscale

The Web3-oriented Venom Ventures Fund (VVF) has made a strategic investment of $5 million into blockchain solutions giant Everscale to help them expand their presence globally. The funding, which is expected to be sent in stages depending on progress, will be used to solve scalability issues within the Web3 industry, hire more developers and increase the number of projects.

Background on VVF

The Venom Ventures Fund was founded earlier last month after collaborating with Abu Dhabi-based Iceberg Capital Limited and Venom Foundation. It is dedicated to supporting the Web3 industry by solving its scalability issues.

Statement from Peter Knez

Speaking about this investment, VVF’s Chairman Peter Knez said: “For us, this is a strategic investment aimed at the technological development of projects and teams around technologies that we focus on and actively develop. In particular, we are talking about the Venom blockchain project and its ecosystem, which is planned to be launched soon and for which Everscale is a potential Layer 2 solution.“

Everscale Expansion Plans

Everscale already has plans to expand their global presence by integrating their blockchain solutions in Asia and establishing a strong community there. This injection of funds should help them achieve those goals faster.

About Everscale

Everscale was founded with an ambition to build secure infrastructure that supports enterprises across industries while being powered by blockchain technology. They have already established partnerships with several large companies in various sectors looking for innovative solutions that leverage distributed ledger technology (DLT).

• Bitcoin mining revenue surged by 140% since Christmas, from $10 million on Christmas Eve to $23.8 million on January 29.
• The total mining revenue per day has increased by almost 50% since the beginning of the month.
• The figure stands far from the all-time high of over $80 million registered in April 2021.

The past few weeks have been a boon for Bitcoin miners, as the leading cryptocurrency’s price rally has resulted in a surge in mining revenue. Bitcoin’s price has experienced a remarkable increase of over 40% since the beginning of 2021 and is currently standing at around $35,000. This has triggered a significant increase in the daily mining revenue, which has jumped by 140% since Christmas.

On Christmas Eve, the total bitcoin mining revenue (block rewards plus transaction fees) per day stood at $10 million. This figure has now jumped to $23.8 million on January 29, representing a 47% increase since the start of the year. This is still far from the all-time high of over $80 million registered in April 2021.

The surge in Bitcoin’s price has been a boon for the miners, especially small-scale miners, who have been struggling since the previous bear market. The increased profits have enabled them to remain profitable even with the high electricity costs and the competition from large-scale mining operations.

The surge in mining revenue has also led to an increase in the hash rate, which is a measure of the total computing power of the Bitcoin network. The hash rate has increased by nearly 30% since the beginning of the year, indicating that more miners have joined the network to take advantage of the increase in profits.

The increased mining activities have also resulted in a surge in the number of transactions. According to data from BitInfoCharts, the daily number of Bitcoin transactions has increased by over 25% since the beginning of the year. This indicates that more people are using Bitcoin to make payments or store value, contributing to the growth of the network.

Overall, the surge in Bitcoin mining revenue since Christmas is a testament to the increasing demand for Bitcoin. The increased profits for miners, combined with increased transactions and a higher hash rate, are all signs of a growing and healthy network. With the current price rally and the positive sentiment in the market, it is likely that the Bitcoin mining revenue will continue to increase in the coming months.

• Bitcoin price holds steady at $21K amidst an overbought RSI and another crypto bankruptcy.
• Four bullish indicators have formed, such as a solid MA crossover in new Bitcoin addresses.
• The market could be at a price bottom, or bears could take prices back down to key optical support at $20K.

The Bitcoin market has been in an uptrend throughout the month, with the price of BTC soaring to new all-time highs. While the RSI is currently overbought, the cryptocurrency is still trading at the $21K level. Unfortunately, the rally was marred by another crypto bankruptcy, although there are still some bullish indicators forming.

On-chain intelligence and insights firm Glassnode has identified one such indicator in the form of a solid MA crossover in new Bitcoin addresses. Specifically, the 30-day simple moving average (SMA) has been above the 200-day SMA since November. This indicates that the network is seeing an uptick in new user activity, which could be a sign of further price appreciation.

In addition, the crypto derivatives market is also exhibiting bullish behavior. The open interest on Bitcoin futures has been increasing steadily for the past few days, indicating that traders are expecting more upside.

Finally, the hashrate of the Bitcoin network has also been increasing, which is another bullish sign. Higher hashrate means more miners are joining the network, which is a positive sign for network security and could also drive prices up.

All these indicators point towards the possibility that the crypto market could be at a price bottom and that bulls could take prices back up to new highs. However, it is also possible that bears could take the prices back down to key optical support at $20K. At this point, only time will tell which direction the market will take.

• Binance CEO Changpeng Zhao spoke at a crypto-focused conference in St. Moritz, predicting that the exchange plans to expand its team by up to 30% in the next few years.
• CZ also revealed that Binance grew to about 8,000 members in 2022 from 3,000 at the beginning of the year.
• He also predicted that there will be a decentralized exchange that’s bigger than Binance in 10 to 15 years.

At a crypto-focused conference in St. Moritz, Binance CEO Changpeng Zhao (CZ) revealed an exciting plan for the exchange – that it will expand its headcount by up to 30% in the next few years. This news comes at a time when other crypto-focused companies are cutting back on their headcounts and operating expenses.

CZ further added that Binance is already very profitable and that the company had grown from about 3,000 members at the beginning of the year to about 8,000 members in 2022. He also predicted that in 10 to 15 years, there will be a decentralized exchange that will be bigger than Binance.

This news is sure to be welcome news to the crypto community as it shows that Binance is committed to its growth and success, despite the current market conditions. It also shows that CZ is confident in the future of the crypto industry and is willing to invest in it to ensure its long-term success.

Not only is CZ’s prediction of a decentralized exchange being bigger than Binance encouraging, but it also shows that the crypto industry is evolving and that decentralized exchanges are becoming increasingly popular. This is likely due to the increased security and privacy that they offer, as well as their ability to facilitate peer-to-peer transactions.

Overall, CZ’s prediction of Binance expanding its headcount by up to 30% in the next few years is encouraging news for the crypto community and shows that the industry is still growing despite the current market conditions. It also shows that CZ is confident in the future of the crypto industry and is willing to invest in it to ensure its long-term success.