Monthly Archives: September 2020

US Treasury blacklisted a non-existent ETH address in connection with alleged Russian election interference

Either the treasury made a typo, or Russian hackers are so good, their wallets don’t even have to exist. Earlier today, the U.S. Department of the Treasury updated its Specially Designated Nationals List, adding several individuals and a number of cryptocurrency addresses. One of the individuals added was Artem Mikhaylovich Lifshits — a Russian national, accused of interfering in the U.S. elections.  In addition to disclosing his personal information, the site lists a number of cryptocurrency addresses that he allegedly controls. One of the Ethereum addresses, found at 0xa7e5d5a720f06526557c513402f2e6b5fa20b00, does not […]

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Binance will ‘do what they can’ to help recover funds stolen in yesterday’s $5M Eterbase hack

Whether CZ is coming to the rescue or not remains to be seen. Eterbase, a Slovakia-based crypto exchange, was recently the victim of a $5M hack. According to an update from Eterbase, some of these funds appear to have ended up on a number of popular exchanges, including Binance, Huobi Global, and HitBTC. Binance CEO’s Changpeng Zhao, or CZ, seemed to support efforts to stop the circulation of these stolen funds, replying: “Our security team was on this quite early. Will do what we can to assist.” […]

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Bitcoin’s $12.5K pump didn’t do much to impress Peter Brandt

He seemed to feel that Bitcoin may not be out of the trenches yet. Trader and head of proprietary trading firm Factor LLC, Peter Brandt, said Bitcoin’s (BTC) recent run up past $12,000 did not excite him as much as it did the rest of the market.  “I never got super super excited about the advance in Bitcoin,” Brandt told Cointelegraph in a Sept. 9 interview. “I thought it was constructive — the advance we had in Bitcoin starting in late July” he said, noting the chart looked […]

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On-chain data signals increasing Bitcoin activity — But there’s a catch

Recent on-chain data shows a spike in Bitcoin transfers, hinting that there may be a rise in over-the-counter BTC orders. According to CryptoQuant CEO Ki Young-Ju, over-the-counter (OTC) Bitcoin (BTC) deals might be occurring in a way that is similar to the pattern seen in February 2019. According to the on-chain analyst, this is historically a bullish sign but Ki Young-Ju cautious that the pattern is not ‘absolute’ and should not be relied on in isolation. Bitcoin transferred on the blockchain network hits a yearly high. Source: […]

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Who owns more Bitcoin: Winklevoss Twins, Mt. Gox or Plus Token Scammers?

And how much did Satoshi Nakamoto contribute to the ‘Zombie’ fund? Blockchain Center has compiled data for some of the biggest Bitcoin (BTC) hodlers — from the Winklevoss twins to various scammers and hackers, and even “zombie coins”.  Allegedly, the twins own 150,000 BTC, which places them between the Bitfinex hackers, who own 120,000 BTC, and the Mt. Gox trustees who lay claim to 166,000 BTC. One spot above the latter is occupied by another notable scam — the Plus Token scammers, who allegedly hold 200,000 BTC. Tim Draper supposedly […]

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Messari’s Ryan Selkis Says DeFi bubble will pop soon

The man is known for his predictions, but is he right about this one? Ryan Selkis, founder of crypto data site Messari, predicted an upcoming demise for the decentralized finance, or DeFi, space — similar to what happened with initial coin offerings, or ICOs.  “The DeFi bubble will pop sooner than people expect,” Selkis tweeted on Sept. 10. “We’re nearing the apex of Ponzi economics, rug pulls, and ‘yield’ hopping, and ETH fees are going to eat too heavily into non-whale profits.” In recent weeks, numerous DeFi […]

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Alongside today’s sanctions, the US charges operators of Russian troll farm with fraud for using U.S. IDs to start crypto accounts

New wire fraud charges against St. Petersburg trolls allege that they stole the identities of U.S. citizens to open crypto accounts. The U.S. filed criminal charges against Russian national Artem Lifshits for his management of an affiliate of the infamous Internet Research Agency, which U.S. authorities accuse of interfering in the 2016 election. The new complaint alleges that Lifshits has managed the translator department of Project Lakhta since 2017, in which capacity he illegally obtained U.S. identification documents in order to use “the means of identification of United […]

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New DeFi Project Xfinance(XFI) ILO Presale Will Start Today

As the cryptocurrency world is experiencing rapid growth, decentralized finance (DeFi) platforms are also rising. In early 2019, there were only $275M of crypto collateral in the DeFi economy than the current $5 Billion+; this represents the massive adoption of this platform. XFI Presale Xfinance announced earlier that they would cooperate with LID Protocol to launch the XFI ILO presale. The presale is going to be launched on the LID presale dApp on September 10th 9pm(UTC-7). Liquidity Dividends Protocol (LID) advances the development of divided bearing Proof […]

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Bitcoin on-chain volume hits a 1-year high with only 3.6% coming from exchanges

Yet Bitcoin exchange trading volume has not declined. Bitcoin’s on-chain transfer volume grew considerably over the past month, ultimately hitting a 1-year high of 3.2 million BTC on September 9. At the same time, visible on-chain exchange activity has been dropping; only 3.6% or 115,000 BTC were transacted via trading platforms on the day. Bitcoin on-chain transfer volume. Source: Glassnode. Bitcoin fund flow ratio. Source: CryptoQuant. This does not necessarily mean that the exchange trading volume has declined, as trading on centralized exchanges almost always happens off-chain […]

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Mastercard Launches Digital Currency Testing Platform for Central Banks

Mastercard has launched a digital currency testing platform aimed at helping central banks test their digital currencies. The system will also demonstrate how consumers can use central bank digital currencies to pay for goods and services wherever Mastercard is accepted worldwide. Mastercard’s Digital Currency Testing Platform Global payments company Mastercard announced Wednesday the launch of its “proprietary virtual testing environment” for central banks to evaluate use cases of their central bank digital currencies (CBDCs). The company detailed: The platform enables the simulation of issuance, distribution and exchange […]

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