Month: August 2023

CipherTrace expert says Chainalysis data contributed to ‘wrongful arrest’ of alleged Bitcoin Fog founder

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Jonelle Still, the director of investigations and intelligence at CipherTrace, a Master Card company, recently submitted a report supporting the defense in the United States v. Roman Sterlingov, a criminal case involving the Bitcoin Fog cryptocurrency mixing service.  The company’s involvement in the case comes at the behest of Sterlingov’s defense attorneys, and includes a 41-page report detailing Still’s opinion on the efficacy of data obtained by the prosecution from blockchain investigation organization Chainalysis. At the core of the report is the assertion that data provided by Chainalysis cannot be…

Cardano (ADA) Next In Line For A Rally Following Shark And Whale Buying Spree

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Cardano (ADA) has not exactly been the best performer in the last month. Instead, the altcoin’s price has continued to stall even during periods of market recovery. However, this trend could change pretty soon given the current accumulation trend among sharks and whales, something that could take a significant chunk of available supply off the open market and trigger another rally. Cardano Sharks And Whales Go To Market In a Tuesday post, the on-chain data aggregator platform Santiment revealed an interesting development concerning the ADA sharks and whales. The sharks…

Barbie Is a Metaverse

Visitors to these worlds could be anyone or anything they wanted — no matter who they were or weren’t back in the so-called real world. And while VR has transported its users to places where they can be adventurers, warriors and heroes, Barbie seeded a world where women graduated from college, held independent careers, and earned income of their own. In 1959, when Barbie was invented, this was still a wild idea. Back then, women did little else with their lives than bear children, tend to household chores, and cater…

Only 6 out of 45 crypto wallet brands have undergone penetration testing: Report

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A July report from cybersecurity certification platform CER found that only six of 45, or 13.3%, of cryptocurrency wallet brands have undergone penetration testing to find security vulnerabilities. Of these, only half have performed tests on the latest versions of their products.  The three brands that have done up-to-date penetration tests are MetaMask, ZenGo, and Trust Wallet, according to the report. Rabby and Bifrost performed penetration testing on older versions of their software and LedgerLive did them on an unknown version (listed as “N/A” in the report). All other brands…

Elon Musk’s Lawyer Files Second Motion To Dismiss Dogecoin Class Action Lawsuit

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In a continued legal battle over a class action lawsuit alleging Dogecoin insider trading, attorney Alex Shapiro, representing Tesla CEO Elon Musk, has once again requested the dismissal of the case. This motion marks the second attempt by Musk’s legal team to put an end to the ongoing litigation, and as the legal battle escalates, drawing attention to the intricate interplay between cryptocurrency, high-profile figures, and legal accountability. Strategic Move Amid Escalating Battle The decision to file a second motion for dismissal underscores the determination of Elon Musk’s legal team…

Bitcoin risks 15% dip by October, but $100K is due in 2026 — Analysis

Bitcoin (BTC) can easily end up below $25,000 next month, says one longtime market observer. In a new BTC price outlook, Timothy Peterson, founder and investment manager at Cane Island Alternative Advisors, put the odds of a dip to local lows at 50/50. BTC price may see “last big dip” in September While Bitcoin bulls continue their breakout attempts above $30,000, various popular traders and analysts have their sights on lower levels. Peterson, well known for his technical insights, now believes that typical August and September performance may yield a…

Bitcoin Longs Could Precipitate Plunge To $28,000, Chart Urges Caution

After a week of moving sideways, the Bitcoin price is finally experiencing some action; bulls are pushing for the most immediate critical resistance. The increasing uncertainty in the macroeconomic landscape supports the spike in price action, but optimist operators might have been too fast at jumping to their positions. As of this writing, Bitcoin trades at $29,700 with sideways movement in the last 24 hours and a 2% profit over the past week. Other cryptocurrencies in the top 10 are experiencing similar price action, but Solana stands out with a…