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Just a week ago, Rematic Tokens LLC revealed that it fell for a sophisticated scam during its recent AMA. According to the project’s team, the scammers walked away with 20 trillion $RMTX token worth $300,000 USD. Fortunately, the project recovered quickly and continues to grow even stronger thanks to its strong foundation and high community trust.At the time of writing, Rematic hasn’t been able recovered the stolen funds, however, the U.S. authorities have been notified of the attack. Nevertheless, the company’s CEO, Mike Pazuki, announced that several new measures have been put in place to tighten security and avoid future incidents like this.How It HappenedLast year, Rematic announced it would host an AMA Session in early January. The event represented an excellent chance for the project to solidify its trust and transparency. Also, it would give investors a sneak peek into the platform’s development status, budgetary updates, and how their voting service will work.The AMA Session kicked off on January 2 with overwhelming community support. Unfortunately, it also brought some unwanted attention as the unidentified scammers saw an up and coming project as an opportunity to defraud them.Rematic CEO commented on the incident:“RMTX was scammed out of 20 Trillion RMTX, which was valued at $300k at the time this happened. This was done through a reverted transaction of over 7 BTC during the transfer of RMTX to and the supposed investors.”Allegedly, a group of so-called investors expressed their interest in RMTX tokens. They provided verifiable LinkedIn accounts and credentials, appearing as reliable, well-intended investors. Therefore, the core team did not have a reason to suspect any malicious actions.The well-planned scam played out over several days after the initial contact. During this period, both parties engaged in several conversations about the company, future objectives, various investment options. After an agreement was…

We usually start thinking about safety when something goes wrong. Security of crypto funds is not an exception — many users learn about how to keep their funds safe only after they were stolen. Luckily, following several simple rules can radically minimize the probability of a theft.In 2020 alone, over $2 billion were hacked and stolen in cryptocurrency. In an unregulated market with no reversible payments and central authorities who could help in case of a theft, the burden of responsibility for the safety of your coins falls entirely on your shoulders.Let’s see how you can minimize the chance of dishonest people reaching your funds.You can improve the security of your funds in multiple different ways. Besides things related to crypto storage itself, it’s worth checking if your computer and internet connection are protected in general — these two are sometimes sources of hacker attacks and security breaches.Make sure operating systems on your PC and laptops are genuine. Cracked software is more vulnerable to attacks.A good antivirus or anti-malware app will help you combat hidden security threats on your PC and mobile phone. The danger can be invisible in your routine work, and special software will fight against it.Download software from official sources — cracked versions can have trojans. If possible, check the signatures and authenticity of software you download using tools like Kleopatra or OpenSSL.When possible, use open-source software verified by the community.Use ad blockers — besides hiding ads, they will also protect you from malicious trackers. uBlock Origin and AdGuard are two services of this kind.Once you’ve made sure your computer is safe, it’s time to take care of the security of your internet connection. First, avoid using unprotected public WiFi — anyone sharing this network with you can intercept the data you send, including your passwords. If…

InvestingInflation has now spiked for the fourth month in a row. On Jan. 12, the U.S. Bureau of Labor Statistics (BLS) reported that the annual inflation had reached 7.0%, as of Dec. 2021. This was the largest 12-month increase since the 12 months ending June 1982. That is almost 40 years ago (39.5 years).

As we see more large brands/companies enter the crypto space, it is always an excellent sign for the future of cryptocurrency. That being said, this will be a weekly series that accumulates a variety of crypto-related news that you may or may not have heard about, let’s get started!Fendi x Ledger Hardware Wallet

Finding a wayCollapse of trustYou are may be one of those Millennial or Gen X investors who think they “need a miracle” to retire.You are worried about soaring public debt, inflation and what will eventually happen when rates start to rise.The crypto is a lifeline for youMaybe you are one of the 70% of Americans who disapproves of the actions of Congress and no longer trust politicians and their decisions, given that they spend money pointlessly and mercilessly, and insider trading goes unpunished.You are eager to find an alternative to the centralized plans in Washington DC and Beijing.The crypto is a way for you to express your opinionOr maybe you’re a populist, right-wing or left-wing, who is pissed off that Wall Street has never been held responsible for fueling the latest financial crisis and generally gets the most out of federal politics.Or you are worried about Big Tech’s monopoly, censorship and total control over your personal data.The crypto is more of a weapon for youOf course, you may have come to the crypt for easy money, jeepgs and memes. That’s not bad either.It doesn’t matter what drives you, missionary work or self-interest.In any case, it is clear that one of the main unifying forces is the belief that decentralized technologies with built-in financial incentives (not a bad shorthand for Web3) offer a cool, often lucrative alternative to existing legacy institutions.Forecast for 2022, scenariosIn the “real” world, things get worse first before they get better.The inflation rate will remain above 5% throughout 2022 (70% probability),and an increase in interest rates will slow down the dynamics of the stock market and damage rising stocksIn the short term, this is good for crypto, but in the medium term, it is more risky, because more and more crypto companies and their users will be…