8909
One of the biggest news channels about cryptocurrencies. We tell about the complex things in simple language. Contact us @it_contact_bot Russian InCoin @incoin
Another 1,000 BTC, which had not been moved since 2010, moved ⚙️
An unknown person moved 1,000 BTCs that had been lying dormant since 2010. This is the ninth such transaction since the beginning of 2020.
All moves followed a similar pattern - coins received as a reward for the block were consolidated into 1,000 BTC to one address and then split into 10 BTCs. Presumably, the bitcoins belong to the Coinbase cryptocurrency exchange or its affiliates.
Earlier, Glassnode pointed out that starting from a similar transaction on December 28, 2020, all moves of large batches of old coins almost perfectly coincided with the local highs of the price, which then went to the decline.
Kraken begins paying compensation after ether price plunges ♻️
Cryptocurrency exchange Kraken is providing partial refunds to customers affected by the collapse of the price of ether (ETH) to $700 earlier this week. The 2/3 drop in the rate from its original values triggered stop orders and liquidation of margin positions, causing some customers, according to them, to lose all their savings.
Kraken, for its part, said its system remained fully operational at the time, and the sharp drop in the rate was caused by user sales.
The company did say, however, that it might consider supporting affected users, though it ruled out the possibility of rolling back full trades. Subsequently, customers who contacted the exchange did begin to report receiving compensation, which ranged from 5-50% of the amount lost.
Strong bullish signal. Coinbase Pro withdrew 13,000 BTC in 24 hours 👀
Over the past 24 hours, about 13,000 BTC were withdrawn from the cryptocurrency exchange Coinbase Pro to custodial wallets. Analysts see this as a "bullish signal."
Bitcoins were moved from seven Coinbase Pro addresses, according to analyst firm CryptoQuant. The largest withdrawal was 2,768 BTC worth $139 million, while the smallest was 579 BTC worth $29 million. According to Cryptoquant CEO Ki Young Ju, this indicates that institutional investors are optimistic about bitcoin.
It is highly likely that bitcoins have been moved to Coinbase custodial wallets. Institutionalists are buying bitcoin even at around $50,000. They are not stopped by the relatively high price of bitcoin or the cryptocurrency market correction when bitcoin collapsed to $45,000 a few days ago.
Exchange demands the return of BTC bought for $6 thousand as a result of technical failure 😹
PDAX, a regulated cryptocurrency exchange registered in the Philippines, experienced a major failure in the operation of its systems and is now trying to explain to customers what happened.
One of Asia's largest trading platforms cites technical problems that caused the price of the first cryptocurrency to fall to $6,100 (the market average bitcoin price was above $50,000 at the time). The incident happened back on February 16. An unspecified number of exchange customers managed to buy thousands of bitcoins at a severely undervalued price. The ride of unheard-of generosity lasted for at least several hours.
Some customers managed to withdraw the purchased bitcoins to their wallets. The exchange limit of 1 bitcoin per day allowed them to do so. PDAX is reportedly now demanding that these users return the bitcoins they bought during the disruption, threatening them with legal action.
You can now buy cryptocurrencies in Opera browser 🧲
Opera web browser users will now be able to buy cryptocurrencies directly in the app after partnering with Simplex. Simplex is a European Union-licensed fintech company founded in 2014 that provides access to more than 50 cryptocurrencies and is a major member of the Visa network.
The Opera browser was one of the first to integrate the use of cryptocurrency into its core features, providing built-in wallets for bitcoin ( BTC ), ether ( ETH ) and Tronix ( TRX ) from Tron . Users will now be able to switch from fiat currency to cryptocurrency with equal ease.
Simplex's technological infrastructure is used by many well-known cryptocurrency exchanges such as Binance, Kucoin, OKEx and others.
Bill Gates commented on Tesla's investment in bitcoin 🧑🏼💻
Microsoft founder Bill Gates commented on Tesla's investment in bitcoin in an interview for Bloomberg.
When asked about the potential impact of Tesla CEO Elon Musk's tweets on bitcoin prices, Gates said, "Elon has a lot of money, so I don't care if the price of his bitcoins happens to go up or down."
However, Gates noted that the average investor should not blindly trust Musk's optimism: "These manias involve people who may not have that extra money. I'm not optimistic about bitcoin, and my key thought is that if you have less money than Elon, you should probably be careful."
Gates said: "The things we invest in produce results. Bitcoin consumes a lot of energy. It's used for anonymous transactions, it's irreversible transactions."
Ethereum network gas fees could get cheaper as early as July 🤗
According to insiders, the long-awaited EIP-1559 improvement will be implemented in the "London" hardforge, it will help reduce the cost of gas on the Ethereum network
The crypto industry has been discussing a proposal to improve Ethereum (EIP) 1559 since the launch of the ETH 2.0 network in December 2020. The initiative would help save on transaction costs in the second most popular cryptocurrency ecosystem.
In recent months, the high cost of transactions has become a gigantic problem for users and projects built on the ecosystem.
EIP-1559 introduces a mechanism to adjust the current auction process that determines transaction costs. Commissions will be adjusted dynamically, so users can pay the lowest rate per block.
Airdrop of PULSE tokens from the Pulse Network project 🤗
Pulse is a medical data repository and platform for creating diagnostic and treatment infrastructure using artificial intelligence.
The goal of the project is to facilitate the collection of data (electronic medical records, biometric data, sensor data, etc.) and disseminate the best treatment options.
JPMedsn, the company that created Project Pulse, was launched in 2012 and has created innovative technical capabilities to provide medical data.
A total of $30,000 in PULSE tokens will be distributed.
The top prizes are distributed as follows:
1st place - $3,000
2nd place - $2,000
3rd place - $1,500
4th and 5th place - $1,000
And the top 50 users will receive $430 each.
Airdrop deadline is March 11, 2021.
Unisocks meme token price reached $92,500 😹
The price of the Unisocks (SOCKS) token, issued as a joke by the Uniswap exchange, reached a new all-time high above $92,500 this week. It can be exchanged for a pair of digital socks.
"500 pairs of digital socks have a capitalization of $20 million. Memes are the new money," Coinshares chief strategist Meltem Demirors called attention to the event.
The decentralized exchange issued 500 meme tokens in May 2019, valued at $12 at the time.
Subsequently, Ethereum's rising value and limited SOCKS supply pushed the price up - by today, only 315 pairs of these tokens remain, with a combined value of $20 million at the current price of $62,000.
According to CoinGecko, SOCKS has risen seven times in the past 30 days, with a 125.3% increase over the past seven days. At its peak on Feb. 16, the rate was climbing to $92,549.47.
Which altcoin is more promising than DOGE?
Surely, it has no competitors in the short term. But DeFi is not only about meme coins.
Recently, 1inch token is gaining more and more popularity, and it's not hype, but clear prospects and profitability. On 12th February 15M 1inch tokens were distributed between 1inch community and the community of its direct competitor Uniswap.
What the hell is going on and why 1inch distributed tokens to Uniswap fans?
“We see substantial potential in expanding our community to users who haven’t used the 1inch DEX aggregator so far,” says Sergej Kunz, 1inch co-founder and CEO. “We want to show them the advantages of our aggregator, which offers the best prices, protection from front-running and lucrative farming opportunities.”
This “machinations” worked. 25 000 users left Uniswap to join 1inch!
Bitcoin price in Nigeria reached $76,000 🥴
The price of Nigeria's first cryptocurrency has surpassed $76,000 after the central bank banned financial institutions from providing services to exchanges and cryptocurrency-related companies.
On the trading platform Quidax, the price of bitcoin paired with the local currency reached 290 million NGN. That's more than $76,000 at the exchange rate at the time of writing.
According to BitcoinPriceMap, the spread between buy and sell prices exceeds 40% and trading volume is limited to 112.59 BTC.
Marscoin soared 2,500% after tweets from Elon Musk ☄️💥
Tesla and SpaceX founder Elon Musk agreed to name his own digital currency MarsCoin if it is released, causing the price of an altcoin with a similar name to skyrocket. According to CoinMarketCap, the MARS token soared from $0.1 to $2.5 within an hour.
As part of a discussion on Twitter about Musk's desire to buy some Dogecoin coins from large holders, one user suggested that the head of Tesla create his own cryptocurrency, ElonCoin.
Changpeng Zhao, CEO of the Binance exchange, suggested another name, MarsCoin. Musk approved the second option, after which users wishing to make money found the project with the same name and began to buy MARS.
CoinMarketCap service placed a note on the project's page that Marscoin is not affiliated with Ilon Musk. At the time of writing, the coin is trading at $0.37, but continues to show high volatility.
Vitalik Buterin shared information about the first hardfork in Ethereum 2.0 🤓
Ethereum co-founder Vitalik Buterin shared information about the first hardfork in the zero phase of ETH2. The update will add support for light clients, simplify the specification, improve overall performance, and reduce validator inactivity penalties.
The hardfork goes by the working name "HF1."
The update is also aimed at checking the passing of the hardforge in ETH2 ahead of more important changes (sharding, merging with the first version of the protocol).
It is supposed to create a so-called "synchronization group", which will define network headers with limited use of resources (500 bytes for block validation, 20 Kbytes for the whole history for the day).
The document does not specify a timeline for the hardforward. Some aspects are still being studied and finalized.
SEC Commissioner: Clear regulation of cryptocurrencies needed sooner 🚧
The adoption of bitcoin by large companies requires clear regulatory rules to be implemented as soon as possible, SEC Commissioner Hester Pierce told Reuters in an interview.
In her opinion, the authorities should create regulations for the cryptocurrency industry that would allow it to flourish.
Earlier, the oldest bank in the United States, The Bank of New York Mellon, announced that it would expand its list of services with operations with bitcoin and other digital assets. Pearce noted that this adds urgency to the regulatory issue.
In December 2020, the SEC commissioner questioned the ability of the current regulatory framework to adjust to cryptocurrencies and called for a more innovative approach.
That same month, Pearce said regulators should abandon redundant rules for the industry and the decentralized finance sector.
Bitcoin Cash rose by 23% to $712 😻
Today, the cryptocurrency community is discussing the sharp and unexpected jump in the value of Bitcoin Cash (BCH).
At the time of writing, Bitcoin Cash (BCH) is up 22.83%, pushing the cryptocurrency price to $712, the highest since mid-2018.
BCH has great potential to become a digital money leader; it is currently undervalued and has a team that is open to good ideas and advice.
As for the rise in the price of BCH, it is partly supported by the growth of bitcoin, which traditionally pulls the entire crypto market.
In addition, we are dealing with the usual pattern of dumping and dumping, where the price of a crypto-asset quickly increases in value due to purchases by individual or a group of investors, a small part of which sells the coin at the peak and gets a big profit. The rest of the investors incur losses, getting sometimes quite useless digital currency with no real use and losses.
MASK Network will hold an airdrop for 1.86 million tokens 💠
MASK Network will distribute 1.86 million MASK tokens in an airdrop with a total market value of $22.58 million.
A few days ago, MASK Network conducted an Initial Twitter Offering (ITO) in which it distributed 1.06 million MASKs to 15,900 addresses.
"Users who successfully purchased MASK in the ITO round on February 24 will also receive tokens in the first round of the eirdrop," according to the project's blog.
Users will be able to move funds into the wallet on February 27. To do so, you'll need the Mask extension for the Chrome browser.
"If the MASK giveaway is not claimed within 24 hours, the corresponding amount will decrease by 20% every day until it reaches 0," project representatives stressed.
The developers added that each address from which 1111 MASKs are purchased will receive an additional 888 coins.
Beeple's NFT token with Trump resold for $6.6 million 😱
Digital artwork "Crossroad" by artist Mike Winkelman, known under the pseudonym Beeple, resold for a record $6.6 million. The non-transferable token (NFT) contains an image of former U.S. President Donald Trump, who lost the election.
In December 2020, the artist sold "Crossroad" for $582,000 on digital art platform Nifty Gateway.
According to Beeple's idea, "Crossroad" was to change depending on the outcome of the U.S. presidential election. After Biden wins, it depicts Trump lying in a pile of garbage.
If the Republican had won the election, the NFT would have changed to a crowned sporty Trump stepping through the flames.
CoinShares to launch ETP with physical collateral in Ethereum 💰
Digital asset management company CoinShares announced the launch of an exchange traded product (ETP) based on Ethereum with physical collateral in the cryptocurrency.
CoinShares Physical Ethereum under the ticker symbol ETHE will be the company's second cryptocurrency ETP.
Each ETHE unit at issue is backed by 0.03 ETH. The ETP will have approximately $75 million in assets under management, allowing institutional and corporate investors to invest in the second cryptocurrency.
The company previously launched a similar bitcoin-based product. It is traded on Switzerland's largest stock exchange, the SIX Swiss Exchange.
ETHE will also initially be listed on that exchange, where it will have a base fee of 1.25%
Swiss bank with a 177-year history has added support for cryptocurrencies 👀
Bordier & Ciel, a private bank founded in 1844 in Geneva, has added buying, trading and storing bitcoin, Ethereum, Bitcoin Cash and Tezos to its list of services. The initiative was brokered by Sygnum, a regulated cryptocurrency bank.
"We went out of our way to meet clients who are interested in diversifying their capital through an alternative asset class such as cryptocurrencies," said Bordier & Ciel managing partner Evrard Bordier.
The bank plans to increase the number of supported digital assets in the future.
The service is implemented with the support of cryptobank Sygnum. The B2B platform it has developed will provide secure storage of private keys, access to liquidity providers and transaction monitoring. The partner will also provide guarantees of compliance with AML procedures.
Bitcoin survived the biggest one-day drop in history 😦
Bitcoin has collapsed by more than $10,000 in the past 19 hours, the largest one-day drop in the cryptocurrency's value in history.
The coin collapsed to $47,700 from $58,000 the day before. Many analysts urged investors not to panic and predicted a soon return of positions.
Today, BTC was able to really recover, at the time of publication of this article, the largest digital currency was trading around $48,022. Bitcoin's capitalization now stands at just over $904.909 billion.
The previous largest daily drop of BTC was on January 11 of the same year. That time the coin fell in value from $40,000 to $32,000.
Former hedge fund manager Raul Pal, who earlier invested 75% of his money into bitcoin, said that yesterday's fall of cryptocurrencies was even necessary. In his opinion, it moderated traders' appetites and balanced the market in general. Thus, it was possible to minimize the risks of a larger pullback.
Whales bought up one billion dollars worth of bitcoin through Coinbase 🐋
Unknown cryptocurrency whales bought $1 billion worth of bitcoin through the Coinbase cryptocurrency exchange
Cryptocurrency whales bought $1 billion worth of bitcoin through the Coinbase exchange, at least as hinted at by Whale Alert bot notifications and onchain transaction traces.
Over the past Sunday, February 21, unknown whales withdrew over 17,000 bitcoins (over $1 billion) from the exchange's spot wallets. The first large transaction was recorded at 07:04 am Moscow time. Then Whale Alert reported the withdrawal of 4,501 BTC (~$254 million) from Coinbase.
However, the mass withdrawal of bitcoin from the exchange began later. From 18:00 to 20:00 MSK, Whale Alert began to systematically report BTC withdrawals from the exchange by an average amount of ~370 BTC. Thus, whales withdrew a total of 17,705 BTC.
Closed Cryptopia crypto-exchange was robbed again 🙈
One of the wallets of the New Zealand crypto exchange Cryptopia, which stopped working after losing $15.5 million in January 2019, lost $45 thousand. The creditor of the trading platform, the American company Stakenet reported that on February 1, cryptocurrency was withdrawn from its address, writes local publication Stuff. The wallet, which has not been used since the first hack, has a total of about $2 million in assets.
Grant Thornton, which is liquidating the crypto exchange, is investigating the matter. Supposedly, it has already reported the incident to the police.
Binance exchange temporarily suspended the withdrawal of Ethereum 😥
Cryptocurrency exchange Binance suspended the withdrawal of Ethereum and tokens based on the cryptocurrency blockchain. The company attributed this to congestion and stressed that user funds remain safe.
At the end of January, the trading platform has already faced a similar problem. Then the crypto-exchange suspended the withdrawal of funds amid a significant increase in requests from new users. Soon the withdrawal function was restored.
Elon Musk called Tesla's Bitcoin investment "reckless" 🤪
Tesla CEO Elon Musk admitted that investing $1.5 billion in bitcoin is reckless for an S&P500 index company (a stock index that gathers the 500 largest U.S. public companies by capitalization). The entrepreneur said Tesla's actions don't directly reflect his views, but bitcoin is "simply a less foolish form of liquidity than saving in cash."
"When paper currency has negative real returns, only a fool wouldn't look for something to replace it. Bitcoin is almost as much nonsense as paper money. The key word is "almost," Musk wrote on Twitter. "To be clear, I'm not an investor, I'm an engineer," Musk emphasized.
Robinhood is suspected of holding nearly 37 billion DOGE coins 🐶
Investment app Robinhood may be the owner of the largest DOGE cryptocurrency wallet. Elliptic co-founder Tom Robinson said this in an interview with Bloomberg.
The timing of the creation and first deposit to the wallet coincides with the start of DOGE support at Robinhood. According to Robinson, such coincidences are not coincidental.
The same opinion is held by onchain researchers on Reddit. They claim that Robinhood created the first cryptocurrency wallet for dogecoin (the pink bar in the chart above is the DQA5 address) back in June 2018. Subsequently, it is from this wallet that more than 23 billion DOGE coins will go to the new cold storage (address DH5...).
As of this writing, the DH5 cold wallet holds almost 37 billion DOGE coins. At current exchange rates, that number of coins is $1.87 billion. Notably, at least three of the top 5 DOGE wallets by coin size come from Robinhood.
Analyst predicted the rapid growth of Ethereum to $2,000 🌞
The largest altcoin by capitalization reached its all-time high at $1871 and went through a correction. Ayash Jindal explained the options for further developments in the market
There was a resistance at the level of $1.8 thousand, overcoming which the asset passed into a phase of steady growth, confident Jindal. He added that if the price goes above the key resistance of $1.84, it could grow another 5% in a short period of time.
If ether manages to break the $1.9k threshold, it will break the upper trend line and have a chance to reach $2.8k, FXStreet analyst Lorenzo Stroh predicted. According to him, ether has overcome the correction and is now ready for a new wave of growth as it holds steady above the support level.
Jindal warned that if ether falls below $1.8k, it could continue to fall as low as $1.73k.
Chainalysis: 55% of illegally obtained cryptocurrencies are laundered through five services 👹
According to a report by analytics company Chainalysis, 55% of all illegally obtained cryptoassets are laundered through just five services using approximately 270 unique deposit addresses.
The researchers concluded that the largest processors of illegally obtained cryptocurrencies, receiving more than $25 million a year, are intentionally serving criminals and are unlikely to continue operating without them.
Chainalysis works with crypto-exchanges and law enforcement to identify cryptowallet addresses used for phishing or fraud.
Without making accusations, Chainalysis identified "embedded services," including itBit at Paxos, and Changelly at HitBTC, as important elements in the money laundering system. These third-party services use the trading pairs and liquidity of the larger exchange - so they mask illegal activity within the overall transaction pool of the parent exchange.
Dogecoin is down 20% this time, following Elon Musk's tweet 😂
Taking a break from posting memes, Tesla CEO Elon Musk criticized the distribution of Dogecoin tokens in a recent tweet.
The billionaire says whales are the only "real problem" the glorified meme coin has. And all because of the rally he "started" with his previous statements.
Consequently, Musk is now calling on top Dogecoin holders to liquidate their assets to make the cryptocurrency more democratic:
"If the major Dogecoin holders sell most of their coins, I will get full support. The only real problem is too much concentration."
DOGE fell more than 20% after Musk's tweet.
American sues T-Mobile for loss of $450,000 as a result of SIM-swapping 🙀
SIM-swapping is account hacking through SIM card swapping.
California resident Calvin Cheng filed a lawsuit in New York court after losing a large sum of money.
According to Cheng, in May 2020, he received a message on Telegram messenger from Iterative Capital investment fund co-founder Brandon Buchanan's number. He offered a higher price for 15 BTC.
Chang wired BTC to the specified wallet, which he thought was controlled by the fund, but the money for the bitcoins never arrived. Chang estimated the loss at $450,000. Previously, he had purchased BTC by negotiating via Telegram and using an exchange operated by the fund.
A couple of days later, Buchanan notified customers that his accounts had been compromised via SIM-swapping. The Iterative co-founder used T-Mobile's services.According to Chang, the company breached its obligation to protect customers' personal and financial information.
SatoshiStreetBets reddit group launches its SAS token 👀
Sabreddit group SatoshiStreetBets, which is positioning itself as "the crypto version of WallStreetBets," is preparing to launch its own token for members.
SatoshiSwap (SAS) tokens will be distributed based on members' votes. Also, will be launched on the Sushiswap and Uniswap exchanges and distributed to liquidity providers.
The tentative launch time for the token is February, no specific date yet.
SatoshiStreetBets moderator u/little-eagle described several reasons for creating the token:
"The Decentralized Exchange Marketplace (DEX) is shaping up to be wildly successful and profitable. However, there are glaring problems that need to be solved - high gas prices, scalability issues, lack of interoperability, lack of margin trading, etc. We can make a difference and offer our own fresh perspectives."