Hackers gained access to Donald Trump Jrs X account this week, using it to post a series of inflammatory messages. This included announcing the death of former president Donald Trump Sr, proclaiming Richard Heart to be innocent, and threatening to burn the SEC.

The account, which boasts over 10 million followers, was hacked on Wednesday morning with those responsible immediately posting Im sad to announce, my father Donald Trump has passed away. I will be running for president in 2024.

This was followed minutes later by a message that read, Richard Heart is innocent, when I become president I am going to burn the SEC. @RichardHeartWin.

Soon after, the ante was upped again with a post proclaiming, This just in: North Korea is about to get smoked.

Hex founder Heart is currently facing legal charges from the Securities and Exchange Commission (SEC). It alleges Heart misappropriated at least $12 million of his token sales to buy personal luxuries, including a 555-carat black diamond known as the Enigma.

Despite the allegations, devoted HEX fans remain optimistic that Heart will somehow beat the SECs allegations. His three projects, Hex (HEX), PulseChain (PLS), and PulseX (PLSX) dropped by 87% in August from their all-time highs.

The account also used a racial slur to describe Joe Biden, claimed to have had sex with Logan Pauls partner, and alleged it had exchanged interesting messages with Jeffrey Epstein.

Within an hour the tweets had been deleted, however, some still garnered as many as 600,000 views. The Trump organization has since confirmed the account was hacked.

Dr. Aram Sinnreich, a professor of communication studies at American University, told Forbes that, X has fired most of its data security professionals and eliminated many of its data security protocols, which makes it particularly vulnerable to hacking.

He added, the truth is that every social media profile is just one well-written phishing email away from being hacked.

The X account of Ethereum founder Vitalik Buterin was also hacked. This resulted in the loss of $691,000 worth of crypto assets from those unlucky enough to follow the direction of the links shared by the account.

Quotes in bold are our emphasis. Got a tip? Send us an email or ProtonMail. For more informed news, follow us onX,Instagram,Bluesky, andGoogle News, or subscribe to ourYouTubechannel.

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Donald Trump Jr says 'Richard Heart is innocent' in X account hack - Protos

Recent data shows that Ethereum (ETH) has taken a dive against Bitcoin (BTC). The decline in the ETH/BTC ratio is a trend that began more than a year ago, reaching a 14-month low this week. Data from TradingView shows that ETH-BTC dipped to near 0.0602 its lowest since July. The recent drop supports the narrative of some market analysts bearish sentiments and a potential breakdown in the ETHs valuation versus BTC.

The head of strategy and research at Matrixport, Marcus Thielen, has backed Bitcoin to continue outperforming altcoins, including Ethereum. He further notes that Ethereums protocol revenues have been decreasing for the last three months. Crypto analyst Benjamin Cowen has shared a similar view, predicting a significant move to the downside.

The development comes amidst a potential whale dump. Data from large wallet holders shows that some whales are moving their ETH stashes to exchanges. Among them is Ethereum co-founder Vitalik Buterin. Blockchain data highlighted by security firm PeckShield has identified a wallet owned by Vitalik Buterin transferred 300 ETH (worth roughly $493,000) to Kraken on Tuesday. This is a sign that the founder is about to sell some of his ETH.

More significant transfers have occurred with blockchain research Lookonchain identifying another large holder depositing a total of 30,000 ETH (worth nearly $50 million) to crypto exchanges Binance, OKX, and KuCoin in the past four days. Lookonchain has also identified another wallet that acquired tokens from Ethereums initial coin offering (ICO) deposited 6,000 ETH (worth nearly $10 million) to Kraken earlier this week.

ETH investors who closely watch these accounts are now concerned that the whales are getting rid of their stash ahead of a bearish period. With the potential of further declines in ETH prices, investors are in limbo.

Despite the current sentiments, investors are looking forward to the approval of an Ethereum futures ETF in mid-October. In 2021 when a Bitcoin futures ETF was approved by the SEC, the leading digital asset witnessed an over 60 percent rally. Some experts believe that Ethereum will befall the same fate and could end the year outperforming Bitcoin. In addition to an Ethereum futures ETF, Cathie Woods ARK Invest has recently applied for an Ether spot ETF.

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Related: Crypto on the Edge: Bitcoins $25K Battle and Ethereums ETF Ascent

These are positive developments that could drive Ethereum adoption among institutional investors. Even if Ethereum suffers a short-term dip in the coming weeks or months, the inevitable entry of institutional investors will drive demand and lead to higher ETH prices.

At the time of press, ETH is exchanging for $1,630 after a marginal drop of less than 1 percent in the last 24 hours. This is a more than 65 percent drop from its all-time high of $4,878 reached almost two years ago.

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Ethereum's Value Dips Against Bitcoin as Buterin Moves Coins - Crypto News Flash

Cryptocurrencies have exploded in popularity in recent years, with thousands of digital assets emerging. Two of the most prominent are XRP and Ethereum. While they share some similarities as crypto assets, their structures and influences differ considerably. This article will compare and contrast the impact of Ripple on XRP versus the decentralization of Ethereum.

Unlike Bitcoin and Ethereum which are completely decentralized, XRP has an associated company named Ripple that plays a major role in its development and promotion. Ripple labs originally created XRP in 2012 and continues to have significant control over its management.

Ripple owns over half the total supply of XRP and decides how much to sell each month. They promote its use through partnerships with financial institutions and fund development to enhance the XRP ledger. These actions have a major influence on XRP's value and perception.

While Ripple doesn't control the XRP ledger, they have sway over the network rules. The company submits proposals to improve consensus and manages a group of trusted validators. This level of influence is unique among top cryptocurrencies today.

In contrast to Ripple's substantial role, Ethereum strives to be completely decentralized with no central leadership. Vitalik Buterin originally proposed Ethereum in 2013, but he does not directly control the network today.

The Ethereum Foundation oversees development and promotion, but does not own Ether or write the protocol rules. Ethereum has also transitioned to proof-of-stake consensus which is more decentralized than alternatives.

With Ethereum, anyone can run a node or become a validator. There are far more independent validators than Ripple's trusted set. Additionally, protocol changes come through community proposals and upgrades rather than a central company.

This decentralized approach ensures no single entity has outsized control over Ethereum. While the Ethereum Foundation is influential, they don't have authority over the blockchain or Ether supply like Ripple does with XRP.

As cryptocurrencies mature, the tussle between decentralization and commercialization only grows more complex.

Proof-of-work mining has allowed many cryptocurrencies like Bitcoin to be decentralized by making it hard for any single miner to control the network. However, mining uses extensive computing power which has raised environmental concerns.

An alternative is proof-of-stake which allows token holders to validate transactions based on how many coins they hold rather than computational work. Staking is viewed as more energy efficient and better for decentralization long-term.

However, transitioning a proof-of-work coin to staking requires a hard fork which has risks. There are also centralization risks if a few entities buy up tokens to control validation. While staking has benefits, replacing current mining would have tradeoffs to consider carefully.

Decentralized finance (DeFi) offers financial services without intermediaries through blockchain networks. However, regulatory uncertainty has hampered mainstream DeFi adoption. Clearer regulations in areas like custody and taxation would support wider use.

Additionally, guidelines on auditing protocols for security, enforcing KYC for on-ramps and clarity around how securities laws apply to tokens would protect consumers. With better guardrails, investors may become more comfortable participating in DeFi.

Strong transparency rules and anti-fraud enforcement would also limit bad actors. Overall, thoughtful regulation and oversight would allow DeFi innovations to expand while protecting users. The ideal regulatory approach balances guidance and flexibility.

Quantum computers can theoretically break current encryption through "Shor's algorithm." Since blockchains rely on cryptography for security, many wonder what risks quantum computing poses.

Once large, stable quantum computers are available, signature schemes and hash functions used in Bitcoin, Ethereum and other blockchains would be vulnerable. However, upgrades to "post-quantum" cryptography that resists quantum attacks are being researched.

It's likely blockchain developers would incorporate new quantum-resistant cryptography once necessary. While quantum computing may one day necessitate security changes, blockchains could adapt to maintain robust protection.

While XRP and Ethereum offer intriguing crypto asset opportunities, their structures fundamentally differ. Ripple's extensive influence over XRP provides advantages like corporate support but raises centralization questions. Meanwhile, Ethereum strives for complete decentralization through community coordination.

Understanding these dynamics provides context on the philosophies behind each network. For traders and investors, weighing the benefits and risks of centralized or decentralized control may inform decisions. As blockchain technology progresses, balancing these factors will likely remain a key consideration.

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Trading, a widely practiced financial activity, continues to capture the interest of seasoned investors and newcomers, driven by its promise of financial opportunity and excitement. In recent years, the financial world has witnessed the remarkable ascent of cryptocurrency trading, standing shoulder to shoulder with the traditional Forex market. Trading, be it in the established Forex Read more

Trading, a widely practiced financial activity, continues to capture the interest of seasoned investors and newcomers, driven by its promise of financial opportunity and excitement. In recent years, the financial world has witnessed the remarkable ascent of cryptocurrency trading, standing shoulder to shoulder with the traditional Forex market.

Trading, be it in the established Forex market or the dynamic world of cryptocurrencies, has gained immense popularity globally. The allure of potential profits has made trading attractive and appealing to individuals from various backgrounds and financial aspirations. However, the trading landscape has undergone a transformative shift, marked by the meteoric rise of cryptocurrencies as a disruptive force challenging conventional financial norms.

Cryptocurrency trading, borne out of blockchain technologys innovation, has ushered in an era of unparalleled dynamism and volatility in the trading landscape. In stark contrast, Forex, known as foreign exchange trading, remains a steadfast pillar in the financial domain, bearing a rich history that spans decades.

Crypto trading involves the buying and selling digital assets, known as cryptocurrencies, on various online platforms. These cryptocurrencies operate on blockchain technology, a decentralized and secure ledger system that records all transactions transparently. The most prominent cryptocurrencies include Bitcoin, Ethereum, and Ripple, among many others.

Bitcoin, the pioneer cryptocurrency created by an anonymous entity known as Satoshi Nakamoto, has dominated the market since its inception in 2009. It serves as a digital currency and a store of value, often called digital gold due to its scarcity and potential as an alternative to traditional currencies.

Ethereum, introduced in 2015 by Vitalik Buterin, brought a groundbreaking development to the crypto landscape with the concept of smart contracts. Ethereums blockchain allows developers to create decentralized applications (DApps), opening up new possibilities beyond simple transactions.

The crypto market has experienced remarkable growth and gained considerable significance in the global financial landscape. With a total market capitalization measured in trillions, it has attracted attention from institutional investors and garnered mainstream recognition. This growth has been fueled by increased adoption, institutional interest, and the emergence of diverse cryptocurrencies catering to various use cases.

The significance of crypto trading lies in its potential for substantial profits and its role as a catalyst for innovation in the financial sector. The blockchain technology underpinning cryptocurrencies has applications extending beyond finance, including supply chain management, voting systems, and decentralized finance (DeFi).

Crypto trading represents a new frontier in the financial world, offering opportunities for financial gain and technological advancement. Its growth and significance continue to reshape the financial landscape, making it a compelling subject of study and investment for traders and investors worldwide.

Forex trading, short for foreign exchange trading, involves the buying and selling currencies on the foreign exchange market. This global market operates 24 hours a day, five days a week, making it one of the most accessible and liquid financial markets in the world.

In Forex trading, participants trade currency pairs, exchanging one currency for another. The most commonly traded currency pairs include EUR/USD (Euro/US Dollar), USD/JPY (US Dollar/Japanese Yen), and GBP/USD (British Pound/US Dollar).

Each pair represents the exchange rate between two currencies. For example, in the EUR/USD pair, if a trader believes the Euro will strengthen against the US Dollar, they will buy Euros and sell US Dollars.

The Forex market is enormous, with a daily trading volume exceeding $6 trillion, dwarfing other financial markets. It is the foundation of international trade and investment, facilitating global currency exchange for businesses, governments, and investors. Its significance extends beyond trading, as currency values impact global economies, trade balances, and monetary policies.

The Forex markets importance lies in its role as a barometer for global economic health and geopolitical developments. Traders and investors rely on currency movements to make informed decisions, and central banks use Forex reserves and interventions to stabilize their economies. The Forex markets size, liquidity, and influence make it a vital component of the global financial system, impacting everything from interest rates to inflation rates.

Forex trading is the linchpin of international finance, enabling the exchange of currencies that drive the global economy. Its basics, involving currency pairs and exchange rates, provide a foundation for understanding how the Forex market operates. Its vast size and importance underscore its significance in the broader financial landscape, making it an essential topic for traders, investors, and policymakers.

The crypto and Forex markets exhibit fundamental differences significantly influencing trading dynamics and strategies.

In the crypto market, traders exchange digital assets cryptocurrencies, which are decentralized and often subject to rapid price fluctuations. Popular cryptocurrencies like Bitcoin and Ethereum serve as investment assets and exchange mediums.

In contrast, the Forex market revolves around traditional fiat currencies, including the US Dollar, Euro, and Japanese Yen. Forex traders speculate on currency pairs relative values, influenced by economic indicators, interest rates, and geopolitical events.

The crypto market operates 24/7, providing non-stop trading opportunities. In contrast, Forex follows a global trading session schedule, with the market opening in Asia, followed by Europe and North America. These distinct trading sessions create varying levels of volatility and liquidity during different times of the day.

Cryptocurrencies are renowned for their price volatility, with the potential for substantial gains or losses in a short period. This high volatility attracts risk-tolerant traders seeking opportunities in price swings.

Forex markets are generally less volatile, with currencies influenced by economic stability and central bank policies. While this reduces the potential for massive price spikes, it offers a more stable trading environment.

The differences between these markets lead to distinct trading strategies. In the crypto market, traders often employ technical analysis to capitalize on price fluctuations. They use charts, indicators, and patterns to predict crypto price movements.

Forex traders may focus more on fundamental analysis, considering economic data, interest rates, and geopolitical events. Risk management is crucial in both markets, but crypto traders must be especially vigilant due to the asset classs inherent volatility.

Crypto and Forex Trading are two dynamic financial markets that offer profit opportunities but also have unique Risks and Challenges. Understanding and managing these risks is essential for traders and investors to navigate these markets successfully.

Price Volatility: Cryptocurrencies are notorious for their price volatility. Prices can fluctuate dramatically within minutes, leading to potential significant gains or losses.

Lack of Regulation: The crypto market is relatively young and less regulated than traditional financial markets. This can expose investors to risks such as fraud, market manipulation, and scams.

Security Concerns: Crypto assets are stored in digital wallets, and if these wallets are not adequately secured, they can be vulnerable to hacking and theft.

Liquidity Risk: Some smaller cryptocurrencies may need more liquidity, making it challenging to buy or sell large amounts without significantly impacting the price.

Regulatory Changes: Governments and regulatory bodies worldwide are still developing their approaches to cryptocurrency regulation. Sudden regulatory changes can impact the market and investor sentiment.

Market Risk: Many economic, political, and geopolitical factors influence the foreign exchange market. Unexpected events can lead to rapid currency value changes.

Leverage Risk: Forex trading often involves using leverage, which can amplify gains and losses. While it can enhance profits, it also increases the potential for significant losses.

Interest Rate Risk: Changes in interest rates by central banks can profoundly impact currency values. Traders need to stay informed about these policy shifts.

Counterparty Risk: In Forex trading, there is a risk that the broker or financial institution involved may default or become insolvent, potentially leading to a loss of funds.

Political and Economic Stability: Currency values can be influenced by political instability or economic crises in a country. Traders must stay updated on global events that can impact currencies.

Volatility: Crypto trading is known for its extreme price volatility, whereas Forex trading also involves volatility but on a generally lower scale.

Regulation: Crypto markets are less regulated and more susceptible to fraud, while Forex markets are more established and heavily regulated in most countries.

Security: Crypto assets require secure digital storage, increasing the risk of hacking. In contrast, Forex trading is conducted through established financial institutions with solid security measures.

Liquidity: Forex markets are highly liquid, allowing large trades with minimal price impact. Some cryptocurrencies may suffer from liquidity issues, making large trades riskier.

Leverage: Both markets offer leverage, but in Forex, it is more commonly used, increasing the potential for substantial losses.

Choosing between them depends on risk tolerance, investment goals, and market knowledge. Both markets require careful risk management and education for successful trading.

In financial markets, strategies are the compass that guides traders through the complexities of Crypto and Forex Trading. These strategies are designed to maximize profit potential while managing risks. Lets explore the common trading strategies employed in both domains and understand how they may differ due to market characteristics.

Crypto trading strategies often embrace the volatility and rapid price movements that characterize the cryptocurrency market. Here are some common approaches:

Day Trading: Crypto-day traders seek to profit from short-term price fluctuations by opening and closing positions within the same day. This strategy requires constant monitoring of market trends.

HODLing: This strategy involves holding cryptocurrencies for the long term, regardless of short-term price fluctuations. Its based on the belief that cryptocurrencies will appreciate significantly over time.

Swing Trading: Swing traders aim to capitalize on price swings by holding positions for several days or weeks. They analyze charts and technical indicators to identify potential entry and exit points.

Arbitrage: Cryptocurrency arbitrage involves exploiting price differences for the same asset on different exchanges. Traders buy low on one exchange and sell high on another, profiting from the price gap.

Forex trading strategies revolve around currency pairs and the macroeconomic factors influencing them. Here are some common Forex strategies:

Scalping: Forex scalpers aim to make small profits from numerous trades executed within seconds or minutes. This strategy requires quick decision-making and a keen understanding of market trends.

Trend Trading: Trend traders identify and follow prevailing market trends, buying during uptrends and selling during downtrends. They use technical analysis to spot potential trends.

Carry Trading: Carry traders capitalize on interest rate differentials between currencies. They borrow funds in a currency with a low interest rate and invest in a currency with a higher interest rate, profiting from the interest rate spread.

Range Trading: Range traders operate in sideways or consolidating markets. They identify price ranges and execute buy and sell orders at support and resistance levels.

The main difference in trading strategies between Crypto and Forex is market characteristics. Cryptos high volatility often leads to short-term trading strategies, while Forex, driven by economic events, accommodates both short-term and long-term approaches.

Additionally, risk management plays a crucial role in adapting these strategies to the respective markets challenges and opportunities. Traders must select strategies that align with their risk tolerance and market understanding, recognizing that both Crypto and Forex markets offer diverse avenues for profit.

When choosing between cryptocurrency (Crypto) and Forex trading, traders should base their decisions on various factors that align with their goals, risk tolerance, and trading style. Here, we guide you in making the right choice and offer tips on diversifying portfolios across both markets.

First and foremost, traders should assess their risk tolerance. Crypto markets are known for their high volatility, which can lead to significant price swings in a short period. If you are comfortable with high-risk, high-reward scenarios, crypto trading may suit you. On the other hand, Forex markets are comparatively more stable, making them a choice for those who prefer lower volatility.

Clearly defined trading goals are essential. Crypto tradings rapid price movements might be appealing if your objective is quick, speculative gains. However, if you aim for long-term wealth preservation and steady growth, Forex tradings stability could align better with your goals.

Your trading style matters. Day traders and scalpers may thrive in the Crypto markets fast-paced environment, where opportunities emerge and vanish swiftly. Conversely, swing traders and investors may find Forexs slower pace and macroeconomic factors more suitable.

Rather than choosing one market over the other, diversifying across Crypto and Forex can be prudent. Diversification spreads risk and allows you to benefit from different market dynamics. You can create a more resilient portfolio by balancing high-risk Crypto assets with more stable Forex currency pairs.

The comparison between Crypto and Forex trading reveals two distinct yet enticing financial landscapes. Crypto trading offers high volatility and the potential for rapid gains, making it attractive to risk-tolerant individuals seeking short-term opportunities. On the other hand, Forex trading provides a stable and established market for those prioritizing wealth preservation and steady growth.

The future of both markets is promising. Crypto continues to gain mainstream acceptance, with innovative projects and decentralized finance (DeFi) driving its growth. Meanwhile, Forex remains a fundamental component of the global financial system, evolving alongside technological advancements.

Traders and investors are encouraged to align their choices with their financial objectives, risk tolerance, and trading styles. Diversifying across both markets can offer a balanced approach to wealth accumulation.

Both Crypto and Forex markets entail risks. Crypto is known for high volatility, while Forex offers more stability. Risk varies based on individual preferences and strategies.

Yes, many traders diversify their portfolios by trading in both markets. It allows them to balance risk and capitalize on diverse opportunities.

Yes, regulations vary by country and region. Cryptocurrency regulations are evolving, while Forex is generally well-regulated worldwide.

Market sentiment, adoption, technological developments, and macroeconomic events influence cryptocurrency prices.

Yes, both Crypto and Forex offer opportunities for long-term investments. Crypto has gained traction as a store of value, while Forex is used for hedging and long-term currency holdings.

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Crypto Trading vs Forex: Profit Opportunities vs Risks and ... - Cryptopolitan