Everybody Wants Your Cryptocurrencies — VAULT Cryptocurrency Blockchain News #19
On 10 August, just over $600m in cryptocurrency assets were stolen from Poly Network, a system that allows users to transfer digital tokens from one blockchain to another. This started a unique set of events that made it one of the craziest weeks in crypto.
In an interesting twist, the Poly Network team wrote a letter to the hacker and urged him to return the funds.
This highlights something about cryptocurrencies and the difficulty involved in sneaking off with $610 million dollars. People can track the funds. They know where the funds went and if they are being moved.
The hacker then responded with a bizarre “Q&A”
Then the hacker said he is a white hat hacker and was merely pointing out vulnerabilities in the network. The Poly Network team then offers the hacker a reward of $500,000. The funds are then returned to the Poly Network except for $33 million in USDT.
There is $235 million locked in an account that requires passwords from the Poly Network and the hacker to be released. These funds are to be released “when everyone is ready.”
This whole story points out many vulnerabilities in crypto. As long as something has value, somebody will try to steal it. Protect your crypto and watch out for all the hackers and scammers out there. EVERYBODY WANTS YOUR CRYPTO!
VAULT Crypto News This Week
SLDS updated to v22.214.171.124 + upgraded to the new collateral (2000)
All masternodes restarted https://my.vault.investments/coins/slds/
MONK upgraded to the new collateral (8000)
All masternodes restarted https://my.vault.investments/coins/monk/
Holding VAULT coins on VAULT.Investments platform enables you to choose.
Pay in VAULT coin on each coin’s share card to get a 50% discount on hosting and use your VAULT coin rewards to pay hosting for other coins!
This month we’re offering a 20% CRYO freeze bonus on VAULT coins, and all VAULT coins including CRYO VAULT can be used to pay and get a 50% discount on hosting for all coins VAULT hosts! If you hold or purchase unfrozen VAULT coins on Crex24 or SouthXchange, just let Ian | VAULT.Investments know by August 31st if you want to freeze them for the 20% bonus, and VAULT coin Coin Packs already have 20% bonus coins added!
If you combine the Pay in VAULT coin 50% hosting discount with using VAULT coin rewards to pay for hosting other coins, this can amount to deeply discounted or free hosting, especially if you take advantage of the 20% bonus! VAULT also offers other hosting options (Prime and Stronghold) to suit holders of large quantities of coins or many nodes.
VAULT Club recently welcomed its newest member dee151#8014, who has been smartly holding and growing his VAULT coins by compounding the rewards with reinvest on VAULT platform for months, so he now has 1,000+ CRYO VAULT coins!
VAULT Coin’s Market Performance This Week
As usual, VAULT’s blockchain is running smoothly and producing great rewards for investors. After the impressive gains we had last week, we had a mild correction this week. We saw the high at $5.11 on Monday. We had a low of $4.68 on Thursday. We closed out the week at $4.92, up from $4.79 last week for a gain of 2.2% for the week.
We saw an average of $1,173.18 traded daily. This held above the $1,000 daily level and is above last week’s number of $1,749.86.
VAULT coin trades on CREX24 and SouthXchange and we saw 100% of the trading volume this week occurring on CREX24. The Minimum Guaranteed Price buy wall of 1,000 VAULT at 10,500 Satoshi was threatened for the first time ever. The explosion of the Bitcoin price saw 319.56 VAULT sold for profit this week. If you have extra funds, you may want to pick up some cheap VAULT and take advantage of this week’s 20% CRYO bonus by putting your bid or market order in soon and letting Ian | VAULT.Investments#4786 on VAULT Investments Discord https://discord.gg/BEDSGCs know that you want to freeze coins for the bonus by August 31st, 2021. The current price is 10,501 Satoshi (0.00010501 BTC), below last week’s closing price of 11,011 Satoshi (0.00011011 BTC).
In addition to the platform, products, use, and demand, VAULT continues to benefit greatly from being tied to Bitcoin. This week we saw BTC go up 9.4%.
VAULT has been rated a profitable investment on digitalcoinprice.com.
Bitcoin (BTC) Update
Who do you listen to or trust for current information on what cryptocurrencies to invest your money in? There is a growing number of YouTubers, and a recent list of the top cryptocurrency YouTubers includes the following:
Another very popular personality is a fellow that goes by Boxmining.
Join me on this crazy cryptocurrency adventure! In this channel, we'll discuss cryptocurrencies (e.g. Bitcoin…
With over 250K subscribers, he has quite a bit of influence over people and their decisions on what cryptocurrency projects are beneficial and potentially profitable. This week he announced that a large portion of funds he was yield farming with may have been stolen in the Poly Network hack I mentioned in the intro.
I bring this up to warn you to be careful of whom you listen to in the world of cryptocurrency. People who tout themselves as experts and “in the know” frequently have done less research than you have. Don’t think that just because a guy has over 100K subscribers that he is any better at picking cryptocurrencies than you are.
Many of these guys make their money by referring you to big exchanges and option trading platforms. When you click on their referral links they get a kick back from the exchange in the form of referral bonuses. Many times, they also get a percentage off of every trade you make on that platform if you signed up under their referral link. Lets take a look a a couple of these guys to demonstrate my point.
Let’s look at the biggest first. The current top dog in terms of subscribers is BitBoy Crypto.
BitBoy Crypto is the place where you can get the latest crypto news, project reviews, and cryptocurrency trading…
With 1.17 million subscribers, you might think he wouldn’t need to shill referral links to big exchanges and trading platforms. If you click on his links, you find he has a ton of options.
These influencers make money when you trade cryptocurrencies. The exchanges make money when you trade These guys want you to support their YouTube channels and trade cryptocurrencies.
Let’s come back to reality shall we. What percentage of people who are trading cryptocurrencies are making a profit?
When investing in cryptocurrencies, my best advice is do not trade, or at least don’t day or leverage trade, unless you really know what you’re doing! If you trade, eventually you are going to get wiped out. Much like playing blackjack at the casino, if you play long enough, eventually the house will win.
So what is one of the best way to make money in crypto? Choose a crypto that will pay you interest and take advantage of the power of compound interest. You must make sure that the crypto you choose has value and will not dump in price. The power of VAULT is that it is tied to Bitcoin. Take this month for example. Bitcoin is up 42.6%. You can deposit any quantity of VAULT coins to VAULT shared masternode hosting platform to earn ~26% ROI, with a [Minimum Guaranteed Price https://vaultility.vault.investments/ ] in BTC on exchanges.
If you look at this closely and add up all the percentages, by investing in VAULT, you have the potential to see an 88.6% return on each VAULT coin you buy! You would have to be a all-star trader to do that good. Not many cryptocurrencies available today offer you that kind of return.
Cryptocurrency News This Week
Captain America Following Spiderman into NFT’s
Don’t be a Hoser! Buy Crypto Ehh.
Have You Ever Heard That Bitcoin is Only Used by Drug Dealers?
Everybody Wants Your Crypto!
Is Our Country Being Run by Idiots?
KISS my BTC
Was That Movie Really Worth 20,000 Satoshis?
VAULT Crypto Portfolio Tracker
I wanted to give you a running tally of what you could potentially be earning with VAULT. The example I’m using is holding 1 CRYO VAULT masternode (CRYO VAULT available here) with 0.1 BTC invested in the BTC% program (check it out here).
I wanted to show you what kind of returns you could be earning weekly and cumulatively.
One VAULT masternode of 1,000 VAULT with current ~26% ROI generated 4.98 VAULT blockchain rewards this week for a total of 104.26 VAULT over the past 20 weeks. Total is now 1,104.26 VAULT. The total dollar value earned was $512.96 at VAULT’s current price of $4.92. The total BTC value at VAULT’s current price (0.00010501 BTC) is 0.010948.
Investing 0.1 BTC in the BTC% program earns you 11% APR, giving you a weekly return of 0.00021089 BTC. Over the last 20 weeks, this would be worth 0.0042178 BTC or $197.52.
The total value of your potential returns over the past 18 weeks would be $710.48 or 0.0151658 BTC.
We Are Here to Help You DYOR (Do Your Own Research)
I hope this week’s update on cryptocurrencies, trading, hackers and scammers has given you some new knowledge. If you have any questions please feel free to post or contact me Bobtilladhun (firstname.lastname@example.org) or any team member on VAULT Investments Discord server:
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VAULT Global Ambassadors
We want to again invite people to become a VAULT Ambassador. It is a great way for us to spread the great news of VAULT investments to everyone around the world. If you would like to join our growing international community, please click here for more information.
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This is not financial advice. VAULT Investments provides a service to its clients and is not responsible for projects listed or featured in its platform or ecosystem. Users should always DYOR. Invest at your own risk.