Author: Ethan Carter

An investor with a long-term focus on cryptocurrency has transformed $1,000 into $1 million, highlighting the rewards of holding strategies in digital assets.This “diamond hand” investor turned their initial $1,000 investment in BNB (BNB) into over $1 million, achieving a 1,000-fold return within eight years.The individual purchased their supply for merely $1,000 when the Binance ecosystem’s native token was valued at around $1 back in 2017, as reported by blockchain data platform Lookonchain.Despite the impressive 1,000-fold return, the trader has opted to retain their BNB tokens rather than cashing out, according to blockchain intelligence platform Nansen.Historical token returns for wallet…

A long-term cryptocurrency investor has transformed $1,000 into $1 million, highlighting the rewards of holding strategies in digital assets.The “diamond hand” crypto enthusiast turned their initial $1,000 BNB (BNB) investment into over $1 million, achieving a remarkable 1,000-fold return over eight years.The investor acquired their holdings for just $1,000 when Binance’s native token traded at approximately $1 in 2017, according to blockchain data platform Lookonchain.Despite the substantial gain, the trader continues to hold their BNB tokens instead of cashing out, according to data from blockchain intelligence platform Nansen.Wallet “0x850” historical token returns. Source: NansenThe nearly $1 million profit coincides with…

North Korean hackers are intensifying their efforts to breach cryptocurrency firms by masquerading as IT professionals, raising new security alarms for the sector, according to Binance co-founder Changpeng “CZ” Zhao and a team of ethical hackers.CZ issued a warning on Thursday via X regarding the escalating danger posed by North Korean hackers aiming to infiltrate crypto businesses through job applications and even bribing exchange personnel for confidential data.“They pose as job seekers to attempt to gain employment within your organization. This grants them a “foot in the door,” particularly related to roles in development, security, and finance,” CZ stated.“They impersonate…

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North Korean hackers are intensifying attempts to breach cryptocurrency firms by masquerading as IT professionals, prompting new security worries for the sector, as highlighted by Binance co-founder Changpeng “CZ” Zhao and a team of ethical hackers.CZ raised the alarm on Thursday via X regarding the escalating threat of North Korean hackers who aim to infiltrate crypto companies by seeking employment and even offering bribes to exchange personnel for data access.“They pose as job applicants to gain employment in your company. This provides them a “foot in the door,” particularly in roles related to development, security, and finance,” said CZ.“They act…

The South Korean cryptocurrency exchange Bithumb has initiated a significant fee-free campaign to aggressively increase its market share. Bithumb announced on Thursday that it will implement zero trading fees on 200 cryptocurrencies within its Korean Won market, starting at 6:00 pm KST (09:00 am UTC) and continuing until further notice. Strategic Shift to Attract Users Although trades involving these fee-exempt tokens will contribute to Bithumb’s membership tiers, they will not earn trading points or maker rewards.Sponsored Sponsored This initiative is distinct from previous ones as it is automatically applied without the need for separate registration. Bithumb conducted similar fee-free campaigns…

Disclosure: The views and opinions expressed here belong solely to the author and do not reflect the views of crypto.news’ editorial. Capital formation in crypto is in disarray. Speculative launches and opportunistic airdrops have become commonplace. Founders face pressure to release tokens with artificially low floats and inflated fully diluted valuations (FDVs), crafted more for immediate appeal than durability. Such strategies favor hype over substance, leaving projects exposed to sharp declines, disinterested communities, and distorted incentives. Summary Validator license sales transform the landscape — rather than speculative token launches, projects sell the rights to operate validator nodes, providing operators with…

The decentralized science (DeSci) platform Bio Protocol has garnered support from investors like Maelstrom Fund and Animoca Brands to enhance its AI-driven biotech research framework.On Wednesday, Bio Protocol announced that it raised $6.9 million in funding, highlighting a growing interest in decentralized methods for drug discovery that incorporate AI, blockchain, and community participation.Arthur Hayes, founder of Maelstrom, referred to Bio Protocol as a potential “category-defining launchpad” for scientific research. “If it works, it’s not just a launchpad – it’s the onset of an AI-native research market,” he stated.Hayes further emphasized the platform’s ability to create research opportunities that resonate with…

Throughout the years, various trends have surfaced regarding Bitcoin’s price based on whether the month closes positively or negatively. Traditionally, September has been seen as bearish; however, in the rare instances when it ends positively, it has often led to bullish outcomes for the cryptocurrency. With September 2023 appearing to conclude on a positive note, this report examines the historical implications of such occurrences in previous years. Expect Bullish Trends for Bitcoin If September Ends Positively In a post on X, cryptocurrency analyst Rekt Fencer pointed out a noteworthy trend concerning Bitcoin’s pricing during favorable Septembers. This trend relates to…