Monthly Archives: July 2020

Twitter Hack Autopsy: Coinbase, Binance, BitGo May Know Hackers ID

The Twitter hackers left inconspicuous Bitcoin trails leading to and from major exchanges that should be able to uncover their identities. The hackers who conducted the massive Twitter hijacking on July 15 do not appear to be sophisticated Bitcoin (BTC) users, as they left trails leading to and from major exchanges that presumably hold the keys to their identities. Address bc1qxy summary. Source: Crystal Blockchain. The Bitcoin address that hackers used to solicit illicit donations is bc1qxy2kgdygjrsqtzq2n0yrf2493p83kkfjhx0wlh. A couple of hours into the hack, the perpetrators started […]

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Zap Announces $3.5 Million Seed Round

Lightning wallet provider Zap today formally announced a $3.5 million seed round fundraise from investors including Morgan Creek Digital and CMT Digital. The announcement follows recent news that Zap opened its Strike application to public beta and that it had joined Visa’s Fast Track Program to create a debit card, expected to launch by the end of 2020. “I am beyond excited to have the support of strategic investors and companies in the Bitcoin and payments spaces,â€� Jack Mallers, the CEO of Zap, said in a release […]

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More Than $1.4 Billion of Laundered Money Has Moved Onto Crypto Exchanges This Year

Blockchain security company traced more than $1.4 billion of laundered money to top ten crypto exchanges. The latest report by Peckshield, a blockchain security company, shows that more than $1.4 billion of laundered money has moved onto crypto exchanges in 2020.  Peckshield says it has been collecting data both online and offline for more than one year. After verifying and analyzing the data, they were able to identify over 100 million transaction addresses. They could also label more than 50 million mainstream crypto wallet addresses at crypto […]

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Peter Schiff’s Bitcoin Hack Comment Invites Ridicule

Euro Pacific Capital CEO, Peter Schiff’s comment suggesting Bitcoin might be the next target following a hack of multiple VIP Twitter accounts has been ridiculed by bitcoiners. Seemingly relishing the prospect of a bitcoin hack, Schiff a gold bug and a well-known bitcoin critic, signs off his Twitter post by urging his followers to stick with gold. The criticism from Schiff took place after a number of popular Twitter accounts were hacked on Wednesday afternoon. It looks like all verified Twitter accounts have been hacked by someone […]

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Disgraced Lobbyist Abramoff Will Pay $55K as Part of Guilty Plea in SEC Case

In the civil case against him, Abramoff owes $55,000, but the judgment in the criminal case remains to be seen. Per a July 15 judgment in the case of the SEC v. Abramoff, Jack Abramoff will pay $55,000 in disgorgement and interest for his involvement in promotion for AML Bitcoin. Abramoff will also be permanently barred from participating in any future securities offerings. The San Francisco court behind the ruling is seeing concurrent criminal charges, to which Abramoff has also pleaded guilty, but for which the judgment […]

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Dubious Asset Manager Claims to Short Chainlink With 99% Target

A suspicious asset manager is claiming to have entered into a short position targeting a 99% crash in the price of Chainlink. A report authored by Zeus Capital has asserted that the firm is building into a Chainlink (LINK) short position with a target of 99% gains, describing the top-10 cryptocurrency by market cap as “crypto’s Wirecard.â€� However, the firm behind the report, Zeus-Capital.com, appears to have registered its website just seven months ago, while its Twitter account has been suspended for violations of the platform’s terms […]

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Coinbase Lists Algorand (ALGO) in Latest Expansion

In its latest push for asset additions, Coinbase has added Algorand to the mix. U.S.-based and regulatory-friendly crypto exchange Coinbase has added Algorand (ALGO) as its latest new cryptocurrency after the outfit added the coin to its trading-based platform in the latter part of 2019.  ALGO is now available for trading on Coinbase’s main site, Coinbase.com, as well as on the entity’s Apple and Android mobile apps, a July 16 statement from Coinbase said.  Coinbase’s move toward additional assets Coinbase listed ALGO on its trading platform, Coinbase Pro, […]

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Abra CEO Agrees With Bitcoin’s Role as Digital Gold

Abra CEO and founder Bill Barhydt said he sees Bitcoin as a store of value, increasingly distancing itself from mainstream market price correlation. After changing roles several times since its 2009 launch, the current line on Bitcoin (BTC) calls it a store of value comparable to gold — a status with which Abra CEO Bill Barhydt agrees.  “Today Bitcoin is best used as a store of value that will become more and more uncorrelated to traditional investing markets over time,” Barhydt told Cointelegraph.  Bitcoin’s role transformation since […]

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Learn How to Develop a Unique Trading Style With Peter Brandt & Joe Saz

Traders Peter Brandt and Joe Saz go live with Cointelegraph to explain how to develop an individualized trading style. No two traders trade the same. But what does it take to develop a unique trading style? How large is the leap from amateur trader to skilled, strategical professional? 45-year trading veteran Peter Brandt and YouTube trader Joe Saz join this week’s Crypto Markets Live to retrace their trading journeys and explain how to find an individualized trading method. They will also discuss current crypto market price action […]

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A Path of Challenges: Will CBDCs Prevail Over Private Blockchains?

CBDCs will be the leading digital currencies of the future, and only the competition between various models will determine the winner. Real innovations and breakthroughs don’t happen in the blink of an eye. Bitcoin (BTC) took many years to get to mainstream users since its inception in 2009. The bull market run in 2017 drastically improved crypto market volumes, but institutions still regarded it as another “dot comâ€� bubble. Later, when distributed ledger technology, or DLT, was more widely accepted, a new type of digital asset aimed […]

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