Ordswap loses control of its website, urges users to recover keys

  • Ordswap has experienced a security breach that has led to phishing risks for users’ private keys and assets.
  • An online tool has been introduced for MetaMask users to recover private keys.
  • The incident underscores security concerns in crypto.

In a recent crypto hack incident, Ordswap, a prominent marketplace for Bitcoin Ordinals, has fallen victim to a significant security breach that has made it lose control of its website. The platform’s website was compromised leading to potential risks for users.

Ordswap users were met with a distressing situation as the compromised website directed them to a phishing link. This deceptive link aimed to trick users into revealing their private keys and other sensitive information, posing a severe threat to their cryptocurrency assets.

Recovery tool introduced amid the chaos

In response to the security breach, Ordswap acted swiftly by providing an online tool designed to assist users who had logged into the platform through MetaMask.

This tool is meant to aid affected users in recovering their Ordswap private keys, allowing them to securely migrate their assets to other service providers.

Ordswap blames Netlify for the glitch

Ordswap placed the blame for the security incident on Netlify, a company specializing in website development and hosting services.

While the exact nature of the breach and its connection to Netlify remains under investigation, it highlights the vulnerabilities associated with relying on third-party service providers in the digital landscape.

Attempts to drain users’ crypto wallets

Users reported encountering a button on the compromised Ordswap website that attempted to drain their crypto wallets.

This tactic, known as a wallet-draining scam, is increasingly employed by crypto scammers to illicitly siphon off digital assets. It serves as a stark reminder of the risks associated with interacting with cryptocurrency platforms.

Ordswap affirms user assets unaffected

Despite the security breach, an Ordswap team member on Discord claimed that user’s private keys and assets remained unaffected. However, users were cautioned that their security could be compromised if they continued to engage with the compromised website.

This incident underscores the critical importance of user security in the cryptocurrency space. Vigilance and caution are paramount, as phishing attempts and scams continue to target crypto enthusiasts. At the moment, the Ordswap team is actively working to regain control of its website and restore user confidence in the platform.

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Dan Dolev sees Coinbase missing Q3 revenue estimates by 10%

  • Mizuho analyst forecasts up to $652 million in revenue for Coinbase in Q3.
  • Dan Dolev continues to see sharp downside in the crypto stock to $27.
  • Coinbase shares are already down roughly 35% versus their YTD high.

Mizuho lowered its quarterly revenue estimate for Coinbase Global Inc on Wednesday. Its shares are down 1.0% at writing.

Dan Dolev shares his view on Coinbase

Dan Dolev now expects the crypto exchange to report revenue about 7.0% below his previous forecast for the third quarter. On Wednesday, he said in a research note to clients:

We expect dwindling volumes combined with an expected drought in retail trading to meaningfully weigh on 3Q revenue.

Note that Bitcoin trading volatility tanked to the level last seen over four years ago in August.

The Mizuho analyst is, therefore, convinced that the Nasdaq-listed firm will come in about 10% shy of consensus estimate for revenue in its Q3. Coinbase shares are currently down 35% versus their year-to-date high.

Coinbase shares have downside to $27

Dan Dolev now forecasts Coinbase to report revenue in the range of $609 million to $652 million in its third financial quarter.

That’s driven from a sharp decline in the platform’s average daily trading volume that stood at about $1.0 billion in the second quarter but had crashed to $665 million in September.

The Mizuho analyst, therefore, maintained his “underweight” rating on Coinbase shares this morning. His $27 price target suggests a more than 60% downside from here.

His bearish call on the stock arrives shortly after the crypto exchange said it had secured AML or Anti-Money Laundering registration with the Bank of Spain (find out more). Coinbase is the globally the largest holder of Bitcoin as per Arkham.

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Bitfarms reports a 7.3% increase in its monthly mining output

  • Bitfarms produced 411 bitcoins last month and sold 362.
  • The Canadian miner is still lagging behind last year’s figures.
  • Bitfarms stock is currently down 40% versus its recent high.

Bitfarms Ltd says its mining output popped 7.3% in September as it continued to install new miners and “fully energised” its facility in Rio Cuarto to 51 MW.

Bitcoin still holds 703 BTC in total

The Canadian miner produced a total of 411 bitcoins last month – of which it sold 362 for about $9.5 million. Geoff Morphy – the Chief Executive of Bitfarms said in a press release today:

We continue to believe that many of our best opportunities for growth and investment will arise around the next Bitcoin halving expected to occur in April 2024.

The Toronto-headquartered firm still holds nearly $20 million worth of Bitcoin (703 in total). Its total operating capacity now sits at 233 MW.

Shares of the bitcoin mining company are still down about 40% versus their recent high.

Bitfarms is still lagging last year’s figures

Bitfarms is committed to strengthening its balance sheet and infrastructure ahead of the halving event next year – by which, it expects to have paid off under $10 million it still has in debt.

The bitcoin mining company now has a total operating capacity of 233 MW. Its hash rate improved another 9.0% in September to 6.1 exahashes per second (EH/s).

Bitfarms wanted its hash rate to hit 6.3 EH/s in the third quarter but “electrical infrastructure delays” at its Baie-Comeau facility saw it come a bit shy of the target.

Note that the Canadian miner is still trailing the numbers it reported last year. Bitfarms mined 3,692 BTC in the first nine months of this year versus 3,733 Bitcoin in the equivalent period of 2022. Wall Street currently has a consensus “buy” rating on BITF.

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7 best DeFi crypto tokens to 10x

In DeFi, discovering tokens with the potential for significant returns is similar to finding a diamond in the rough. Within the labyrinth of the DeFi market, certain trailblazers are shifting paradigms, holding the promise of exponential financial gains and pioneering shifts in the Web3 ecosystem. 

Use cases range from platforms reshaping the traditional method of business financing using innovative NFT mechanisms to DeFi projects unravelling the interplay between art, AI, and finance. 

We spotlight seven DeFi crypto altcoins positioned to soar and perhaps 10x in the upcoming bull run. If you take your time to read through and understand the fundamentals behind each of the tokens in this article you might stumble upon your next best crypto investment.

Borroe Finance (ROE) cryptocurrency ICO 

Borroe Finance (ROE) is emerging as a standout player in the DeFi market, recognized for its groundbreaking AI-powered funding marketplace tailored for content creators and Web3 enthusiasts. It’s not just another cryptocurrency ICO but a platform changing the game for Web3 business financing. With $ROE tokens operating on the Polygon chain, an Ethereum sidechain, Borroe allows businesses to mint and sell NFTs representing future earnings. 

For buyers, this means instant cash flow by acquiring discounted invoice NFTs, further tradable on secondary platforms. What sets Borroe apart is its alignment with Web3 principles, championing equitable value distribution and empowering users. This platform promises easy invoice trading, AI-driven risk evaluation, blockchain security, and efficient crypto and fiat transactions.

Additionally, the tokenomics or “Roenomics” of Borroe has a deflationary nature, ensuring scalability and limited transaction fees. Given these attributes and Borroe’s unique value in bridging traditional funding gaps, it’s no wonder industry experts tag it among the top cryptos to buy now. Experts anticipate $ROE to increase by 350% after the presale. To participate in the presale, visit Borroe.Finance Presale

InQubeta (QUBE) DeFi coin

InQubeta (QUBE) is quickly emerging as a game-changer in the DeFi tokens space, positioning itself as the world’s first Web3 crowdfunding platform tailored specifically for AI startups. Pioneering the landscape, InQubeta offers fractionalized investment options, with each AI investment venture represented as an NFT. Whether you’re eyeing the next big thing like MidJourney, QUBE grants you the golden ticket. The Ethereum (ERC-20) based QUBE isn’t just a regular altcoin. It’s a deflationary token, ensuring scarcity and value appreciation. Plus, experts anticipate that QUBE’s price will increase by 400% after the presale. 

Furthermore, QUBE continues to impress as a governance token, it promotes democratic participation. Staking QUBE promises passive income, thanks to its dedicated reward pool, ensuring long-term holders get their fair share.

To purchase the QUBE token, visit InQubeta Presale

Domini (DOMI) altcoin

Domini ($DOMI) is making waves in the DeFi cryptocurrency space, blurring the lines between high-end art and decentralized finance. Positioned on Ethereum’s ERC-20 network, Domini introduces a visionary art marketplace where blockchain technology seamlessly integrates with traditional artistry. This game-changer transforms the elitist blue-chip art domain by tokenizing artworks into unique NFTs, enabling fractional ownership. 

Consequently, even an average Joe can invest in esteemed artworks, removing antiquated barriers. Every tokenized artwork guarantees unwavering ownership records, strengthening trust and diversifying the art market. A salient feature of Domini? The Domini Marketplace is an original NFT platform allowing stakeholders to trade their art shares or scout for alluring art fragments to beef up their collection. 

More than just the best coin to invest in, $DOMI provides passive income, courtesy of its 7% buy and sell tax, divided meticulously to fund burn processes, marketing drives, and ensure liquidity. Investing in $DOMI is simple, thanks to the extensive payment gateway that accepts top cryptocurrencies. 

Stacks (STX) – Bitcoin alternative

Bitcoin-centric scaling solutions have seen heightened interest, driven by a growing urge to harness Bitcoin beyond mere transfers. Amidst this narrative, Stacks (STX) presents itself as an emerging frontrunner. With its Nakamoto upgrade expected later this year, STX offers potential as the native token of the Bitcoin L2, Stacks. Notably, stackers of STX enjoy passive BTC yield, the rise of which correlates with increased Stacks usage. 

However, the STX community faced a setback in April 2023 when a critical bug facilitated a skewed representation of the STX stack balance for a particular address, consequently leading to an unauthorized $425k gain. This flaw compromised the security of sBTC. Another challenge is the exploitation of the Proof-of-Transfer (PoX) consensus mechanism by a player, overshadowing its competitors claiming more STX rewards than due. 

Stacks adopts economic disincentives to synchronize its ecosystem participants; however, the efficacy of this strategy in ensuring a solid BTC bridge and a consistent native price oracle is still under scrutiny. Investors should be discerning given the recent challenges faced by the network and the infancy of Bitcoin scaling solutions. For newcomers and those thinking about the big question of which crypto to buy today for the long-term, considering the evolving landscape of the DeFi market, Stacks indeed offers a promising investment opportunity.

Render (RNDR) – a popular Metaverse project

Born from the Ethereum blockchain and OctaneRender fusion, RNDR embodies decentralization in 3D rendering. Render Network, often abbreviated as RNDR, is a remarkable peer-to-peer GPU marketplace that pivots on enabling individuals to allot their idle GPU prowess to the execution of 3D rendering of motion graphics and visuals. 

What sets it apart? A straightforward ROI in the form of RNDR, the platform’s intrinsic utility token. The elegance of RNDR lies in its optimization of traditional rendering protocols, positioning it as a cornerstone for digital prodigies in the burgeoning metaverse. Amid the digital entertainment era, where 3D visuals are the norm, from the immersive world of online gaming to the mesmerizing crypto metaverse, the demand for advanced rendering – the meticulous transformation of a 3D blueprint into a textured visual treat – is surging. The protocol’s decentralized nature promises scalability beyond comparison, with its robust GPU rendering network capable of massive expansion aligned with evolving project requisites. 

It’s not just about computational might; RNDR offers users a rich palette of choices, whether outsourcing tasks or harnessing surplus GPU energy, driving operational efficiency through the roof. And remember blockchain security ensures unmatched IP safety, safeguarding the creator’s rights, a rarity in today’s centralized platforms. For crypto novices seeking the next best DeFi coins or thinking about what crypto to invest in, RNDR emerges as a fascinating blend of next-gen tech with vast potential. Making it a top contender in the best crypto to invest list.

Hedera (HBAR) – a leading altcoin

Hedera Hashgraph, or HBAR, is a unique entry in the ever-growing DeFi cryptocurrency sector. At its core, Hedera aims to provide a versatile platform, different from typical erc20 tokens, on which individuals can transact or develop applications under the watchful eyes of a conglomerate of businesses. Unlike many decentralized systems on the decentralized cryptocurrency list, it sets itself apart with distinct design choices. While it offers impressive transaction speeds for its HBAR cryptocurrency, it only permits selected nodes to have a say in transaction history. 

Such a model ensures rapid finality, minimizing the potential for subsequent changes to transaction states. This structure assures businesses, offering them the confidence to act based on this reliable data. Beyond its operational features, Hedera has caught the attention of giants such as LG, IBM, and Boeing, which have integrated as nodes in this system. Founded by Leemon Baird and Mance Harmon and having raised $124 million from its HBAR sales, this network’s prominence in the best crypto-to-invest category continues to rise.

Lido Dao (LDO) 

Lido Dao (LDO) stands out as a revolutionary protocol in the cryptocurrency for beginners’ landscape, showcasing innovative solutions to Ethereum’s staking challenges. Born just before Ethereum’s iconic “Merge,” Lido’s Liquid Staking innovation addresses the daunting 32 Ether staking requirement, permitting users to tap into the staked tokens’ locked value. This is achieved through stTokens, acting as placeholders, granting users the flexibility to engage in the Decentralised Finance (DeFi) market and boost their yields. 

Unlike conventional staking methods, Lido offers the advantage of asset liquidity, ensuring assets can be utilized across various DeFi applications and top crypto coins. Not restricted to Ethereum, Lido has extended its wings to other notable Proof of Stake blockchains, including Polygon and Solana. Governed by its community through the LDO token, Lido stays committed to its mission: simplifying decentralized staking, making it accessible and appealing to a vast audience.

Conclusion

As the epoch of decentralization unfolds, Web3 platforms continue to entice, allure, and, more importantly, revolutionize traditional financial constructs. While cryptocurrency trading might seem daunting for beginners, altcoins, like those in this article, paint a promising future picture. Whether the innovation-laden Borroe or the fusion of art and finance in Domini, the DeFi space is brimming with opportunities. 

However, as with all investments, prudence is key. Let this article guide you in ensuring the best DeFi tokens are in your portfolios. After all, today’s informed choice could be the stepping stone to tomorrow’s financial windfall. Consider the nuances when discovering opportunities such as the coolest NFTs or altcoins that can lead to massive returns.

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Bitcoin could rally towards $28k as Shiba Memu’s presale approaches $3.5m

Key takeaways

  • Bitcoin is trading above the $27k level once again and could reach the $28k region soon.

  • Shiba Memu’s presale is now closing in on the $3.5 million mark.

The cryptocurrency market is having a positive end to the week, with prices of most coins and tokens in the green zone. Bitcoin could be heading towards the $28k level soon as market sentiment improves.

Furthermore, Shiba Memu’s presale is now closing in on the $3.5 million milestone as more investors troop into the project.

Bitcoin could surge towards the $28k level soon

The cryptocurrency market is ending the week in a positive manner, with the prices of most coins and tokens currently up by more than 2%. Bitcoin has added more than 2% to its value in the last 24 hours. At press time, the price of Bitcoin stands at $27,094.

The positive performance comes as oil prices and US Treasury yields recorded a dip in prices, resulting in a weaker US Dollar. If the trend should continue, Bitcoin could see its price rally higher and reach the next major resistance level above $28k in the coming days. 

What is Shiba Memu?

Shiba Memu has been gaining interest from investors over the past few months thanks to its unique proposition. This Web3 project seeks to combine the powers of blockchain technology and artificial intelligence to make it easier for individuals and entities to carry out market campaigns.

In their whitepaper, the team explained that Shiba Memu can handle a wide range of marketing activities, including content creation, marketing, social media advertisement, and creative advertisement. 

Since Ahiba Memu will be AI-powered, the software can work 24/7, finding the best creative adverts, consuming them and generating superior content marketing. 

By launching as a meme token, Shiba Memu is riding the popularity wave of meme coin projects in recent years. This is strengthened by the fact that within two years, meme coins saw their market caps grow from practically $0 to $20 billion in 2022. 

Shiba Memu is differentiating itself from other meme coins by serving as more than just a speculation tool. Shiba Memu is launching with real-world use cases and would allow users to create marketing strategies, roll out PR schedules, and promote campaigns on relevant forums and social media platforms. 

The Shiba Memu project will be available to users on the Ethereum and BNBChain blockchains. 

Shiba Memu’s presale closes in on the $3.5m milestone

The broader crypto market is currently bullish, and Shiba Memu is not left out as its presale looks set to hit a new milestone. The presale has been going on for three months now, and the team has raised more than $3.4 million. 

The funds generated via the presale would be used to develop some of Shiba Memu’s products and services. The Shiba Memu AI technology will be the primary product of this project. 

In their whitepaper, the team said the platform would come with a robotastic dashboard, allowing users to interact with the AI, provide feedback, make suggestions, ask questions, and more.

Click here to find out more about Shiba Memu’s presale event.

Shiba Memu price prediction

It is hard to predict Shiba Memu’s price in the medium to long term since the project is still in its presale stage. At the moment, 1 SHMU = 0.030475 USDT. The token’s price increases every day at 6 pm GMT and is set to trade at 0.030700 USDT per token in a few hours. 

At the beginning of the presale, SHMU was trading at $0.011125, and it has seen a remarkable increase in price since then. The SHMU token can be purchased using Ethereum, USDT, BNB and BUSD

Should you buy Shiba Memu today?

Shiba Memu could become one of the leading meme token projects thanks to the utility it intends to offer users. By combining AI and blockchain technologies, Shiba Memu could gain massive adoption in the marketing world. 

The project is still in its early stages, making its token a discount for investors. With the right level of adoption, SHMU’s price could rally over the next few months and years.

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