Gala Price Soars Over 180% in 30 Days, Eyes $0.10

• Gala price is among the best-performing play-to-earn (P2E) blockchain tokens in 2023, with gains exceeding 180% in 30 days.
• The rally was initially ignited by the partnership between Gala Games and Dwayne Johnson (The Rock) earlier this month, pushing the token above $0.04.
• A daily close above the 200-day Exponential Moving Average (EMA) is required to ensure the continuation of the uptrend, first to $0.07 and then stretch the bullish leg above $0.10.

Recently, the crypto space has seen a surge in attention towards play-to-earn (P2E) blockchain tokens. This is due to the rise of new platforms like Meta Masters Guild (MEMAG) and Calvaria (RIA), as gamers search for blockchain games they actually enjoy spending time playing. Among the best-performing P2E tokens is Gala price, which has seen an impressive gain of over 180% in the last 30 days.

The surge in Gala price began earlier this month when the token formed a partnership with Dwayne Johnson (The Rock). This news caused an immediate surge in price as the token jumped above $0.04. Since then, the token has continued to show strength as it has tagged a new 2023 high of $0.0566. At the time of writing, Gala price is trading at $0.0527.

To ensure the continuation of this uptrend, a daily close above the 200-day Exponential Moving Average (EMA) is required. This is currently being held at $0.05236, so a break above this level could push the price to $0.07 and beyond. If the bulls are successful, the next target could be as high as $0.10.

Overall, it remains to be seen if the bullish momentum in the crypto space will continue to lift Gala price. With the right conditions, this token could continue to see further gains.

Earn Rewards for Working Out with FightOut and FGHT!

• Crypto Gains reviewed the new M2E platform FightOut and its native token FGHT.
• FightOut is a Move-to-Earn platform that rewards customers for working out.
• FightOut is one of the most promising presale cryptos set to launch in 2023.

Crypto Gains recently reviewed the upcoming M2E platform FightOut and its native token FGHT. The platform is focused on creating a high-end gym and workout app that rewards customers for completing exercises. This is part of a larger trend known as “Move-to-Earn”, in which users are incentivized to stay active by earning rewards for their efforts.

FightOut allows users to tailor their fitness routine to their own needs and abilities, with their successes and improvements automatically reflected in their virtual avatar. This allows users to feel a sense of accomplishment and recognition for their efforts, as they can see their virtual avatar improving. This is an important aspect of staying motivated to work out, as it gives users an additional incentive to strive for progress.

In addition to this, FightOut also allows combat athletes to train for competitions. Combat athletes must excel in cardio, strength, physical endurance, and wellness, and this platform provides the incentive for them to do so. Fighters with a high baseline who excel in certain areas can gain a major advantage by using FightOut.

Overall, FightOut is one of the most promising presale cryptos set to launch in 2023. All in all, Crypto Gains believes that this new platform could provide major returns for those who get in early on the presale. As Move-to-Earn platforms continue to gain traction, FightOut is well-positioned to capitalize on this trend. This is a project that investors should definitely keep an eye on.

Bitcoin Price Consolidates Near $17,000 as Traders Remain Divided

•Bitcoin price is currently consolidating above the $16,800 level and is stuck at the $17,000 mark.
•Doji candlesticks signify that traders are divided about the market direction.
•Resistance levels are at $50,000, $55,000, and $60,000, while support levels are at $25,000, $20,000, and $15,000.

Bitcoin (BTC) is currently trading at around $16,937.75, with a market cap of $325,939,756,784 and a circulating supply of 19,254,387 BTC. These figures place Bitcoin at the number one spot on Coinmarketcap’s ranking. Over the past two days, the price of Bitcoin has been stuck at the $17,000 level, as buyers have been unable to push the price beyond that point.

The BTC/USD exchange rate is consolidating above the $16,800 level and is stuck at the $17,000 mark. Doji candlesticks signify that traders are divided about the market direction. On the one hand, buyers are attempting to push the price beyond the initial resistance at $17,000, while on the other hand, sellers are working to keep the price below that level.

If the price is able to break the $17,000 barrier, the next resistance level is seen at $18,391. Conversely, if the price drops below the initial resistance, the next support levels are at $15,000, $20,000, and $25,000. Traders are also keeping a close eye on the $50,000, $55,000, and $60,000 resistance levels.

It is difficult to predict where the price of Bitcoin will go in the near future. The market is in a state of flux and the outcome of the current consolidation phase will be the deciding factor in Bitcoin’s future. Traders are divided, with some predicting a bullish trend and others expecting the price to dip further. It is important to monitor the market carefully and to be prepared for any eventuality.

Revolutionize Adult Entertainment: A Dream of Decentralized Platforms

• Decentralized platforms for sharing adult content were once hyped, but have since faded away.
• These platforms promised a more fair and secure environment for adult content creators, but this dream has yet to be realized.
• The promise of immutable content, once created, that cannot be destroyed or censored, is still something that could revolutionize the adult entertainment industry.

The idea of decentralized platforms for sharing adult content once held a great deal of promise for many individuals. The hope was that this technology could revolutionize the adult entertainment industry and create a more fair and secure environment for adult content creators. This could potentially be achieved through immutable content, meaning that once it is created, it cannot be destroyed or censored.

The concept gained a great deal of attention during the bull run of 2021, with many cryptocurrency initiatives claiming to bring about this revolution. Unfortunately, the online buzz surrounding this idea has since died down and the dream of a decentralized adult industry is yet to be realized.

The potential benefits of a decentralized adult industry are clear. Content creators would no longer have to be subject to the often strict terms of service and censorship of centralized platforms. They could also rest assured that their work would be preserved and remain available, regardless of the whims of any third-party authorities. This could open up a wealth of new opportunities for adult content creators, allowing them to create and share their content in a more secure and private manner.

However, there are still a number of challenges to be overcome before this dream can be realized. Firstly, there needs to be an infrastructure in place that allows for the secure and private distribution of adult content. Secondly, it is important to ensure that these platforms remain compliant with all relevant laws and regulations. Finally, the platforms need to be attractive to content creators, offering them a fair and lucrative way to market and monetize their work.

It is clear that the dream of a decentralized adult industry is still some way off. Nevertheless, it is an idea that has the potential to revolutionize the adult entertainment industry and create a fairer and more secure environment for content creators. It is certainly an issue that deserves greater attention and focus in the coming years.

What Is Crypto Wealth?

Cryptowealth is an entirely automated cryptocurrency trading system specially developed to help novice and experienced traders to maximize your trading experiences. Since Cryptowealth utilizes the latest technologies and innovations in trading for trading that have been proved to be a highly profitable tool for trading.

Crypto Wealth

The primary goal of Cryptowealth is making trading as simple and efficient as it can be. In order to achieve the goal, Cryptowealth has been designed for the sole goal of managing your trading on your behalf. With its easy-to-use interface, Cryptowealth is ideal for both beginner traders as well as experienced traders that do not want to sit for hours every day trading.

Cryptowealth utilizes sophisticated mathematical algorithms to study the market for crypto and collect information that it utilizes to make educated rational, rational decisions for the trader. Crypto Wealth utilizes this technology to make trades and create an income for the user. In this Cryptowealth review will give you all the information you require to make an educated decision in choosing a trading software.

Is Cryptowealth Legit?

With the technology available to you it is possible to be faced with an array of options to locate a suitable trading instrument. The variety of trading platforms are overwhelming and it is even more difficult to decide which one you will place your trust in to trade on your behalf. We are able to confirm the fact that Cryptowealth is a secure and legitimate platform for trading.

It’s not surprising that, with the numerous scams that are out there it’s difficult to determine who you can believe in and who’s an enigma. With Cryptowealth, you can rest assured you’re dealing with a genuine trading platform. Cryptowealth has collaborated with CySEC licensed brokers to assist you in you manage your accounts and assist you navigate trading on the highly volatile cryptocurrency market. Your security is a major goal for Cryptowealth. this reason, all of your personal data is secured with the SSL certificate.

For those who are new to trading, it can be a bit difficult, especially when trading is done for you. It is normal to have a lot of questions , or concerns. that’s why Cryptowealth offers a 24 hour customer service center to make sure that your concerns are addressed in all times, and that you’re never left in the in the dark. Furthermore you can find a lot of online reviews of Cryptowealth customers who have been pleased about Cryptowealth and the earnings it has generated for them.

How Does Cryptowealth Work?

As previously mentioned, Cryptowealth monitors the crypto market for market data, then collects this information, and utilizes it to make informed, calculated decisions for you. Once you’ve finished with your demo account and transferred to live trading the algorithm will start trading on your behalf. In order to begin this process, you’ll need to sign up for a no-cost account. To register an account with Cryptowealth follow the link below.

Type: AI Trading Software
Profit Close Rate: 85%+
Registration: Free (With Verification)
Verification: Under 10 Minutes
Initial Deposit: EUR 250
Regulatory Body: CySEC (Liquidity)
Withdrawal Time: 24 Hours
Automated Trading: Yes
Order Execution Time: less than 1 ms
User Data Encryption: Yes (AES 256-bit)

Making The Most Of Cryptowealth

If you use it correctly, Cryptowealth can make your life much simpler in terms of trading. Here’s some suggestions to maximize your experience with Cryptowealth.

Utilise Your Account Broker

Cryptowealth has joined forces with CySEC-licensed brokerages to make sure you receive the highest quality service on your account. The knowledge of your broker can help you establish and maintain your account at Cryptowealth to provide you with the best possible trading experience.

Invest The Minimum At First

An initial minimum of 250 EUR amount of deposit needed for trades with Cryptowealth. The initial deposit will be your capital, and be used to fund your first trades using Cryptowealth.

Withdraw Your Profits Regularly

It is beneficial to remember that the money you earn through Cryptowealth must be taken out on a regular basis. Profits can be transferred to an account at your banks or transferred to a different digital wallet that you prefer.

Spend 20 Minutes On Your Account Daily

It’s pretty low-maintenance It is best when you take 2 hours or more per day using your account to track the activity of your account and stay informed of what’s going on within your account.

Invest Responsibly

When you trade using Cryptowealth It you are responsible to be responsible in your trading and only invest money you have available, and it is not advisable to invest funds that you depend on because of the unpredictability nature of the cryptocurrency market.

Keep Track Of Your Transactions

Statements of account are available to download directly via the Cryptowealth account. When you begin to earn profits and you begin to earn them, you may be required to pay taxes on those earnings, and to do this you’ll require these records, therefore it is essential to regularly download your transactions.

Why Cryptowealth Is A Good Option

There are many trading bots available to assist you in trading and make money, so here are some of the essential features that make the Cryptowealth bot an ideal choice for your first venture into trading.

User-friendly Interface

Cryptowealth was designed to make your life simpler, and so it was created with the goal of being as user-friendly and easy to use as it is.

Place Trades Simultaneously

Since Cryptowealth is a broker on behalf of you, many trades can occur simultaneously due to the advanced algorithm and the use of AI.

Elimination Of Human Error

Since Cryptowealth is entirely computerized, the possibility of human error in trading is eliminated, making it safe to trade with no emotion or impulse.

No Licensing Cost

Cryptowealth doesn’t charge licensing fees. The only fee you have to pay is the 250 Euro registration fee , which serves as the capital for the first time you trade.

High Profitability

Because Cryptowealth examines markets and make choices on your behalf, you’re earnings could be substantial without needing to be a professional in order to trade efficiently.

Trade Multiple Cryptocurrencies

Cryptowealth can trade with a greater variety of cryptos, from the most well-known such as Bitcoin to various more exotic cryptocurrency.

SSL Certified

To promote transparency, we have joined forces with CySEC-licensed broker to ensure that your transactions are legal and follows the rules to avoid legal problems.

Speedy Withdrawals

After you have completed the withdrawal form, withdrawals are able to be made within a time of 24 hours to ensure your convenience.

Customer Care Department

A 24-hour customer service department is on hand to ensure that you’re never alone while using Cryptowealth.

Register With Cryptowealth

The process of registering an account at Cryptowealth is simple and quick and shouldn’t take more than twenty minutes. Here is a step-by-step tutorial to create an account.

1. Registration Form

The first step is to fill out an application form that includes the basic details. It’s important to provide the correct information since there is an authentication process that is in place to ensure your security.

2. Make Your First Deposit

The next step is to make the minimum deposit of 250 euros to start your account and get it up and up and running. Keep in mind that the deposit you make will function as your capital, and will be used to execute your first trades using Cryptowealth.

3. Demo or Live Trade

You will receive an account with a demo to help you understand the basics of trading and understand how Cryptowealth operates. When you are at ease and confident you can proceed to live trading on Cryptowealth and begin to earn gains.

Cryptowealth Pros & Cons

Pros Cons
Best For Beginner Traders Does Not Completely Limit Risk
Licensed CySec Brokers Requires Quick Phone Call To Verify Account
Account 2FA (Two-Factor Authentication)
Supports Altcoins & Exotic Crypto Pairs
Full User Risk Control Tools
No Withdrawal Fees

Conclusion

After taking everything previously mentioned factors into consideration It has been proven that Cryptowealth is equipped with all the necessary features necessary to make a user’s experience excellent. Cryptowealth offers new opportunities for those who are looking to earn cash from the market for cryptocurrency.

Anyone who is looking to venture into the cryptocurrency market will benefit from Cryptowealth. You can get your license right away by creating an account and then signing an investment commitment. We suggest that you take all the benefits of the market using Cryptowealth. Sign up below to begin with Cryptowealth.

Cryptowealth Common Questions

What is Cryptowealth & How Does It Work?

Cryptowealth can be described as an automatic tool for trading that lets you trade on the cryptocurrency market. With advanced algorithms developed by Artificial Intelligence it lets you concentrate on other aspects of your lives while taking care of everything you need to trade. The software strictly follows the established strategy, with no further input or modification required. It is all you need to do is login and monitor its performance regularly to determine the effectiveness of your strategy considering the current market conditions.

How Much Profit Can I Make With Cryptowealth?

It’s contingent on the amount of capital you have and your leverage however, if you’re successful most of the time and you’re able to make at minimum EUR 85 is your target. If, for instance, you have the fixed-size leveraged trading account that is worth EUR 2000 you can expect to earn approximately EUR 1800. However, since Cryptowealth is successful approximately 90% times of its time (i.e. the success rate of trades rate) it is impossible to predict the amount of money it’ll achieve over the time period. It will be based on the accrued profits that are higher in comparison to or greater than user’s weighted mean entry price (CAP).

Cryptowealth App – Is One Available?

There is no Cryptowealth application that is accessible. However, Cryptowealth can be accessed through the internet from any device with a browser.

Where Is Cryptowealth Available?

Cryptowealth is practically everywhere! It includes United Kingdom (UK), Australia (AUS) as well as Canada (CA) in addition to Canada, as along with Europe (Austria (AT) and Germany (DE) or Switzerland (CH) and Holland (NL) or Poland (PL) and Belgium (BE) and Spain (ES), South and Central America (BR, PE, MX) and Africa (ZA). If your country isn’t mentioned above, you can nevertheless sign up on this page to sign up for Cryptowealth.

Does Elon Musk Or Any Corporations (Like Telsa) Use Cryptowealth?

Elon Musk is quite visible with his endorsement of cryptocurrency. The Musk’s tweets have been about the cryptocurrency, and companies such as Tesla are beginning to trade cryptocurrency, in addition to acting as an alternative source of wealth like the alternatives initially provided by stocks or gold. The evidence doesn’t support the idea that they use Cryptowealth, however.

Do Any Celebrities Endorse Cryptowealth?

Bill Gates, Richard Branson and other famous people on television do not discuss any relationship with cryptocurrency. They might use cryptos as a method of wealth accumulation, but not as a method of.

Bitcoin Up bietet eine Web-Handelsplattform

Bitcoin Up UK Plattform Überprüfung
Bitcoin Up bietet sowohl eine Web-Handelsplattform als auch eine mobile App an. Beide Optionen sind ziemlich minimalistisch und spiegeln das Niedrigkostenmodell wider, das sie aufgebaut haben, um junge Investoren anzuziehen, die nach kostenlosen Trades suchen.

Bitcoin Up  Web-Handelsplattform

Wir fanden die Web-Handelsplattform von Bitcoin Up übersichtlich und einfach zu bedienen, mit einer vernünftigen Schnittstelle, die ein nahtloses Erlebnis bietet. Es gibt keine Optionen zur Anpassung, was aber auch nicht nötig schien, da die Oberfläche bereits so logisch aufgebaut ist.

Die Bitcoin Up-Schnittstelle ist zwar einfach in der Ausführung, bietet aber genügend Funktionalität für Händler, die wissen, was sie tun, um schnell und schmerzlos einen Handel mit der Option der Verwendung von Marktaufträgen, Limit-Aufträgen und Stop-Aufträgen, Stop-Limit und Trailing-Stop auszuführen.

Bitcoin Up UK Aktienhandel Testbericht

Es gibt auch eine praktische kleine Ergänzung namens Sammlungen, die es den Nutzern ermöglicht, nach Aktienoptionen nach Sektor oder Kategorie zu suchen, wie z. B. Social-Media-Unternehmen oder Tech-Unternehmen. Diese Sammlungen können dann sortiert und Seite an Seite verglichen werden, was wir als eine praktische Funktion empfunden haben. Über easy-to-read.eu haben Sie außerdem Zugriff auf Portfoliowerte, Beobachtungslisten, Kontoauszüge und Transaktionshistorie.

Wir müssen auch die breite Palette an Alarmen und Benachrichtigungen loben, die auf der Bitcoin Up-Web-Trading-Plattform verfügbar sind. Dazu gehören:

Kursbewegungen
Gewinnankündigungen
Dividendenausschüttungen
Geldüberweisungen
Kapitalmaßnahmen
Aufträge
Darüber hinaus gibt es einen praktischen kleinen Portfolio- und Gebührenbericht, der Ihnen interessante Informationen über Ihr Bitcoin Up-Aktienportfolio liefert, wie z. B. die durchschnittlichen Kosten und Renditen sowie ein Tortendiagramm, das die Vielfalt Ihres Portfolios veranschaulicht.

Bitcoin Up Mobile Trading App

Es besteht kaum ein Zweifel daran, dass die wahre Stärke von Bitcoin Up in seiner mobilen App liegt, die wir für eines der besten Angebote auf dem Markt halten. Angesichts der Zielgruppe musste dieser Teil des Dienstes natürlich perfekt sein, und Bitcoin Up hat es geschafft, eine schnelle, einfache und leicht zu bedienende App zu entwickeln. Ein großer Teil der Funktionalität der App entspricht der Web-Handelsplattform, mit dem Zusatz von netten kleinen Features wie biometrischer Authentifizierung und einer großartigen Suchfunktion.

Bewertung von Research-Service und Tools
Der Umfang des Research und der Tools, die bei Bitcoin Up zur Verfügung stehen, hängt davon ab, ob Sie Ihr Konto auf Bitcoin Up Gold hochgestuft haben, wofür Bitcoin Up eine monatliche Gebühr verlangt. Für die Zwecke dieses Bitcoin Up Testberichts haben wir uns angeschaut, was auf dem Bitcoin Up Standardkonto verfügbar ist.

Einer der Höhepunkte im Research-Angebot von Bitcoin Up war der Bitcoin Up Snacks News Blog. Dieser besteht aus mundgerechten Zusammenfassungen des Marktes jeden Tag und ist gut geschrieben, informativ und leicht zu verstehen. Es lohnt sich auf jeden Fall, diesen Blog zu abonnieren.

Eine der Funktionen, die uns bei Bitcoin Up gefallen haben, war die Möglichkeit, Analystenbewertungen von Produkten durch Experten einzusehen. Dies kann Ihnen helfen, bessere Entscheidungen zu treffen, wenn Sie unschlüssig sind, und Sie können auch ähnliche Produkte wie das, an dem Sie interessiert sind, ansehen.

Ether climbs almost to 1,750 US dollars

Ether climbs almost to 1,750 US dollars, but transaction fees dangerously high

The Ether price hits the next record high, but transaction fees are also soaring to record highs, dampening sentiment.

Market-leading altcoin Ether (ETH) extended its new record high on 5 February, climbing even closer to the psychologically important US$2,000 mark.

Ether record run already almost at US$1,750

As data from Cointelegraph Markets and TradingView shows, the ETH/USD currency pair made its next strong bounce today (Friday).

At press time, the Ether price is targeting the US$1,750 mark with a gain of 6.5%, bringing the total weekly gain to almost 22%.

The fresh upswing is partly due to increased interest in Decentralised Financial Services (DeFi), as many projects from Italian Formlua this division are based on the Ethereum blockchain. Many DeFi cryptocurrencies are among the clear winners this week.

Ether, meanwhile, also has its own reason to rejoice, as ether futures are now being traded on the CME Group’s major options exchange. The influential crypto asset management firm Grayscale also stepped up purchases of ETH for its own Ether investment fund again this week, after taking a break for a fortnight.

Transaction fees dangerously high

However, while some prominent industry figures such as Gemini co-founder Tyler Winklevoss are celebrating the record run of the second largest cryptocurrency, the Ethereum blockchain’s transaction fees are also soaring to record highs.

This is less encouraging, however, because as Cointelegraph reported this week, some crypto exchanges have had to temporarily suspend trading ETH as a result.

„This is a real crisis. We can go ahead and grab our popcorn because it will be exciting to see how Ethereum manoeuvres its way out of this mess,“ as one Blockstream developer assessed.

According to data from Ycharts, average ETH transaction fees were $23.27 as of yesterday, 4 February.

Bitcoin (BTC), meanwhile, remains below the US$40,000 mark, with mixed fortunes as while the stock market hit a record high of its own today with the S&P 500, the US dollar index has fallen, which in turn should play into Bitcoin’s favour.

„Correlation does not mean there is necessarily an effect relationship, but the trend is clear: #Bitcoin’s record run (and temporary downturns) show a strong correlation to movements in the US dollar index (DXY),“ as crypto analysts at Kaiko explain.

Los abogados apuntan a la legislación sobre criptografía de Rusia

Los expertos legales rusos han criticado las leyes de criptografía de la nación, sugiriendo que los tribunales del país han tenido problemas al tratar con las criptomonedas en el pasado, e insinuando que la legislación reciente puede haber hecho poco para levantar la niebla legal que rodea a cómo se controlan los tokens.

Según un informe del medio de comunicación Bitcoin Rush, las leyes rusas promulgadas recientemente relativas al estado legal y fiscal de los criptoactivos se han diseñado para salvar a los tribunales de un atolladero legal que ha visto casos en los que los jueces han estimado el precio de los criptoactivos de las personas calculando el valor de los dispositivos de memoria flash en los que estaban almacenados.

Pero dos abogados que hablan con el medio de comunicación afirman que las nuevas reglas no han ayudado mucho al poder judicial, si es que lo han hecho

Angelika Matushkina, experta legal en la Escuela Digital de Moscú , advirtió que los comerciantes que reciben fiat por vender sus fondos todavía encuentran el proceso „problemático“ cuando tratan con bancos.

Los bancos parecen confundidos sobre cómo deben lidiar con las criptomonedas, y muchos buscan evitar problemas por parte de las autoridades, tomando medidas que suenan draconianas.

Matushkina afirmó que las transacciones que involucran criptografía se pueden „bloquear“ y las cuentas „congelar“

Aconsejó a los comerciantes que organizaran reuniones preventivas con sus gerentes bancarios para discutir los requisitos y documentos necesarios para registrar los ingresos de las ventas de criptomonedas, para cumplir con las nuevas regulaciones fiscales sobre la declaración de fondos criptográficos. De lo contrario, advirtió, los comerciantes pueden “tener problemas con el Servicio de Monitoreo Financiero Federal [regulador] (Rosfinmonitoring) o los equipos de cumplimiento bancario.

El mismo medio de comunicación cita a Maria Agranovskaya, socia gerente y abogada de tecnología financiera del asesor legal ruso GRAD , afirmando que las nuevas leyes han sido „algo decepcionantes“, ya que originalmente estaban destinadas a „proporcionar una base para las actividades legítimas de todos los participantes del mercado, para poner en orden la práctica dispar de los tribunales y permitir que los bancos trabajen con proyectos criptográficos ”, algo que Moscú no ha logrado hasta ahora a los ojos de muchos abogados.

Nubank’s hacker arrest has been upheld by the courts

Using fintech’s own accounts, the suspect would have raised R$ 13 million.

The arrest of a hacker who attacked Fintech Nubank, held on 16 December 2020, was upheld by the courts. Operation Ostentação, which was set off by the civilian police of several states, served warrants in Maranhão, Goiás and Tocantins.

The police action has been taking place since February 2020, when several people were arrested in cities of Maranhão. In December of the same year, however, the second phase of the operation sought suspects of causing damage to Nubank.

The scams against customers of the institution ended up taking about R$ 13 million, and Nubank notified the police authorities. In fact, hackers used common techniques today to perpetuate fraud against fintech account holders.

The case recalls that the cryptomaniac community, too, must be on the lookout for similar actions.

Superior Court of Justice (STJ) holds Nubank hacker prison
One of the suspects arrested by Operation Ostentação in Maranhão has filed a writ of habeas corpus. Since his arrest in December 2020, he would not have had a custody hearing.

As a result, he was asked to relax his detention and take alternative precautionary measures to imprisonment. In the first instance, the state court in Maranhão denied the request of Nubank’s hacker, maintaining the arrest.

„Moreover, the decision attacked, in principle, has sufficient grounds, highlighting the modus operandi of the crimes, exclusively virtual, which imported in the conduct of fraudulent operations to generate a loss of almost R$ 13 million reais to account holders of NU BANK, its frequency and customary (with about 918 victims), in the period from October 2019 to May 2020; the reasonableness of the length of the investigations, given the peculiarities of the feat (numerous seized material and people to be heard), as well as the evidence of authorship from the data collected from the seized mobile phones (ID 8938936). „The judge of first instance emphasized

In his appeal against the higher court decision, the suspected hacker Nubank had his case examined by the STJ. According to the decision, Minister Humberto Martins did not find illegality in the view of the judge at first instance.

Thus, the STJ would have no jurisdiction to rule on the habeas corpus claim of Nubank’s hacker and the arrest should be maintained. The case law of the STJ and Precedent No. 691 of the STF were cited to support the Minister’s decision.

Increasingly common phishing scams in Brazil cause millions in damage
The man who kept the prison is only one of 30 arrested by the civilian police in Operation Ostentação in the last month. According to the investigations, the gang would specialize in virtual scams against accountants, using phishing scams to do so.

These scams consist of creating false web pages, accessed through links, leading people to believe they are in the right environment. By filling in data, victims end up handing over precious information to hackers, who run to steal resources in their possessions.

In Nubank’s case, 918 customers lost almost R$ 13 million with this gang. However, cryptomaniac investors in Brazil also often face this reality, especially with Bitcoin’s recent rise.

In any case, the tip is always to avoid clicking on suspicious links and observe if the page accessed contains valid security certificates. Some of the hackers that use the technique also usually send spam emails or even act through social networks such as Facebook and Instagram.

In the last few days, for example, an entrepreneur has had her Instagram account hacked and is required to pay Bitcoin as a ransom. Phishing scams have become even more common in the midst of the new coronavirus pandemic.

Ripple’s XRP at the end? What crypto executives are now saying about the lawsuit

The US Securities and Exchange Commission is about to sue Ripple for allegedly selling XRP as an unregistered security.

The case is still causing a stir within the crypto community – and now various executives have commented on the situation.

Does the case have any impact on the entire industry?

IOHK CEO Charles Hoskinson believes the impending lawsuit could have repercussions for the entire crypto industry. Hoskinson in a video :

„The reason this is a big deal for the industry as a whole is that it can have a profound impact on how the SEC sees in the future whether something is a security or not …“

According to Hoskinson, this may shift the burden of due diligence onto the exchanges. As a result, the crypto exchanges could become more cautious when it comes to listing new tokens or evaluating existing portfolios more carefully. Hoskinson:

“So it is by no means a small event. This is probably the biggest regulatory event in our industry’s history. It will have a lot of impact on the future. „

Hoskinson is not the only one who is critical of the incident. Messari CEO Ryan Selkis, long-time critic of Ripple and Ripple’s XRP, suddenly takes Ripple’s side.

Selkis believes the case could make it clear that the SEC’s Howey test is severely out of date in the digital age. Howey’s test is used to determine whether an asset is a security.

“The SEC restrictions on unaccredited investors, the ridiculous Howey Test, and 80 year old securities laws like the ’40 Act ‚are all bound to die in the fire. They are un-American and completely out of date. I hope Ripple wins … “

Selkis believes that it is up to industry to control itself and have the moral upper hand. It is important that Ripple wins the case – for the benefit of other projects and companies in this area.

“We’re ‚in here together‘ to draw a line on the regulatory demarcation. XRP as a ’security‘ continues to hurt US companies, while global competitors will continue to do these markets. “

Ripple’s XRP as a security would also mean that other assets will suffer the same fate. Selkis:

„At least Ripple has money to fight … [the SEC] could force a settlement, but they are legally inferior. Recall that Ripple sued former SEC chairwoman Mary Jo White in 2018 on a civil matter. A reference to your money. “

Selkis is convinced that Ripple can win this case.