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 seem to exist, however. Source: U.S. Department of the Treasury. There was likely a mixup somewhere in the chain of command and…
Day: September 10, 2020
Binance will ‘do what they can’ to help recover funds stolen in yesterday’s $5M Eterbase hack
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.” Through Telegram, Eterbase also published a list of the hot wallets compromised by the hack. These…
Tezos (XTZ) Reaches Critical BTC Support as Sellers Grow Aggressive
Tezos has been caught within a firm consolidation phase against its USD trading pair in recent weeks, with the cryptocurrency being unable to garner any clear independent momentum. That has caused its price to range between lows of $2.35 and highs of $2.65, which is around where it is currently trading at. Bulls are attempting to break this range and catalyze further upside in the near-term, although whether or not it can push higher will likely depend mostly on the rest of the cryptocurrency market. Bitcoin is showing some signs of…
Bitcoin’s $12.5K pump didn’t do much to impress Peter Brandt
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 good. On July 27, Bitcoin definitively broke $10,500, a level which previously stood as a wall against…
On-chain data signals increasing Bitcoin activity — But there’s a catch
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: CryptoQuant Ki also noted that the number of Bitcoin transfers achieved a new yearly high and that these transactions didn’t come from exchanges.…
Yearn.finance (YFI) Just Surged 20% Due to Coveted Coinbase Listing
In what has to be one of the fastest turnarounds ever, Yearn.finance’s YFI token is being listed on Coinbase just two months after its launch. The leading decentralized finance coin, which is currently the only one with a market capitalization over $1 billion, was just revealed to have garnered a coveted Coinbase listing. On September 10th, the official Twitter account of Coinbase Pro wrote: “On Monday September 14, our YFI-USD order book will enter transfer-only mode, accepting inbound transfers in supported regions. Orders cannot be placed or filled. Trading will…
Market Wrap: Bitcoin Hits $10.4K; Ether Balances on Exchanges Fall to 7-Month Low
Bitcoin was trending upward before losing momentum; ether holders are moving their cryptocurrency off exchanges. Bitcoin (BTC) trading around $10,284 as of 20:00 UTC (4 p.m. ET). Slipping 0.12% over the previous 24 hours. Bitcoin’s 24-hour range: $10,174-$10,488 BTC below its 10-day but above 50-day moving averages, a sideway signal for market technicians. Bitcoin trading on Coinbase since September 8.Source: TradingView Bitcoin continued its upward momentum from Wednesday, with the world’s oldest cryptocurrency rising as high as $10,488 on spot exchanges such as Coinbase before losing some steam and now…
Privacy Startup Nym Will Pay You in Bitcoin to Run Its Mixnet
Nym, the web network, now allows bitcoin transactions and has an incentive program for people running its nodes. It is also enabling plugins that will allow users to plug in wallets and applications to run their traffic through its mixnet. What is a mixnet? Nym is a start-up software project working to obscure metadata tracking at a network level via the mixnet it enables. The mixnet itself is hosted by a decentralized network of volunteers. On a normal internet network, most traffic can be tracked. Browsers like Tor offer a…
Severe Bitcoin Network Vulnerability Secretly Patched 2 Years Ago Comes to Light
The bug could have eroded Bitcoin’s credibility as the premier cryptocurrency. “Severe” Bitcoin Bug Secretly Patched According to a report by Coindesk, a previously undisclosed vulnerability in the Bitcoin Core software could have enabled hackers to compromise the network’s famed security, allowing them to steal funds, delay on-chain settlements and even split the network. The bug was, however, quietly patched in 2018, the report reads. Notably, the bug was first noticed by Braydon Fuller, a protocol engineer at cryptocurrency shopping site Purse. Fuller and Javed Khan – a core developer…
Analyst: Latest Bitcoin Rally Doesn’t Look Like a Bull Run
Bitcoin just crashed from $12,000 to $10,000 in the matter of a few days, and it has since been a battle for bulls to hold ground at $10,000. Unfortunately, bears may end up winning this battle, as the latest rally according to one crypto analyst, doesn’t at all look like a “bull market.” When comparing the price action against past bull cycles, the claim makes sense. However, another perspective on the same take could say otherwise. Here’s a look at the two conflicting theories so you can decide for yourself:…