Monitoring the Crypto Bubble

[MarkLotek]

surprisingly most of the funds were returned by the white hat hacker and got a job offer of chief of security https://www.coindesk.com/over-half-of-stolen-fund-from-poly-network-hack-now-returned

Did he want to get a job that way?

 

[mmm....shiney!]

Many developers test the security of their systems by way of offering bounties to hackers - the above strategy is a little different but the intended outcome is similar.

 

[dozerz]

it wasnt his intention to get a job, more to show the vunerability so it could be fixed, white hat vs black hat hacker. https://www.cnbc.com/2021/08/17/poly-network-cryptocurrency-hack-latest.html

actually an interesting and evolving story on how the hack was done, all the funds are still yet to be returned.

 

[TreasureHunter]

Which are the best cryptos to invest now in the 4th quarter of 2021?

I was watching Michael Saylor's recent interviews and now I am trying to determine the next Bitcoins/Dogecoins/Ethereums that are going going ballistic.

Which are you investing in, which are you eye-ing?

(Honestly, I was eyeing Binance, Tron, Monero, Reddcoin, Litecoin and recently Cardano, but some of them are dodgy and smell like scam/were involved in scandals, others remained stuck,
like Litecoin and Reddcoin, for example)

So, which ones are you hoping to grow and what's the special potential in them?

 

[mmm....shiney!]

So, which ones are you hoping to grow and what's the special potential in them?

BMI has piqued my interest, insurance coverage for exchanges, smart contracts etc. They just paid out their first insurance claim a few days ago.

https://bridgemutual.medium.com/bri...-following-popsicle-finance-hack-2a18fd6d97ba

 

[dozerz]

avalanche and luna, new patforms that will probably do what matic did.

someone told me about vra which looks interesting for ppv entertainment and recent onlyfans competitor.

 

[TreasureHunter]

I'm not sure the permabulls are right, Bitcoin seems to be getting ready for another correction.

 

[JohnnyBravo300]

Cryptos getting a woop woop! Yeah baby!

 

[dozerz]

ethereum is outperforming bitcoin.

 

[crewy]

Arbitrum launched should reduce congestion and fees. Unsure how to gauge how it’s performing though?

 

[dozerz]

Arbitrum launched should reduce congestion and fees. Unsure how to gauge how it’s performing though?

just follow the dollar value that gets moved over, some big names like aave on there should see some interest.

 

[mmm....shiney!]

This means something apparently.

It is notable that current activity on both chains is similar to the stable pre-bull accumulation range established in mid to late 2020.

The other chain they refer to is BTC. That may keep @hawkeye1 happy

 

[Polar.bear.Stacker]

Is FTM worth buying?

 

[dozerz]

Is FTM worth buying?

yep, massively undervalued imho. if cardano doesnt have smart contrracts and is now over $3, ftm is much more mature and set to boom.

 

[Polar.bear.Stacker]

What would be the best way of storing / staking it?
Actually Binance doesn't let you withdraw it anyway...

 

[dozerz]

binance supports native ftm withdrawls, make sure you select fantom network. get metamask, back up your seed phrase in a safe place. add custom network fantom. use your metamask address to withdraw to.

the best way to earn more is to pair it, say with usdc and earn 250% over a year. this will grow both ftm and usdc. pairing can be done by connecting your metamask to spiritswap or spookyswap.

 

[Polar.bear.Stacker]

Oh I have metamask already set up. Binance fixed it. FTM withdrawals were suspended yesterday. Cheers, will check it out

 

[dozerz]

grim.finance is also good for ftm.

 

[Polar.bear.Stacker]

Just staked on spookyswap. How long would you recommend?

 

[dozerz]

the longer the better, compound the rewards or use an autocompounder like grim.