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Jack Black

@jack-black

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12 Followers


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The FBI has arrested a suspect in the hacking of the SEC's Twitter account, which published a fake announcement of the approval of the BTC-ETF Eric Council Jr. from Athens, Alabama, was arrested in connection with the unauthorized seizure of the SEC's account on X (formerly Twitter) in January 2024. The hacker posted a fake message on behalf of the SEC chairman, which caused the bitcoin price to rise by $1,000. Council is accused of conspiracy to steal personal data and fraud with access devices. The hacker gained control of the SEC's account through a "SIM swap" attack, in which fraudsters trick the provider into handing over control of the victim's phone to them. After posting a fake tweet about the approval of the bitcoin ETF, the price of BTC rose by more than $1,000, and then fell by $2,000 after the SEC's rebuttal. https://www.justice.gov/usao-dc/pr/fbi-arrests-alabama-man-january-2024-sec-x-hack-spiked-value-bitcoin
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The income of the stake holders has been gradually decreasing since March, reflecting a decrease in online activity and a general decrease in enthusiasm in the market. The September revenue of $174 million for stake holders is significantly higher than the $35.5 million received from transaction fees, which highlights the significant dependence on block subsidies. Despite declining revenues, the validator landscape continues to expand. Ethereum now has 1.09 million validators, demonstrating its growing involvement in network security. This increase in the number of validators occurs even with a decrease in individual rewards, which indicates continued faith in the long-term prospects of Ethereum. https://www.theblock.co/post/321613/ethereum-staker-revenue-drops-30-since-march-peak-as-onchain-activity-slows
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