2022-02-24 13:22:13
COIN BUREAU NEWSFLASH! – (24/02/22)
Here are some of today’s most important headlines:
Putin’s military invasion of Ukraine has begun…
And the cryptocurrency markets have plummeted as a result, alongside the global stock markets.
In the last 24 hours, Bitcoin’s price has dropped below the $34,500 mark and Ethereum has done similarly, falling to nearly $2,300 early this morning. According to CoinDesk, crypto has seen a full $242 million in liquidations just hours event the news.
Even Vitalik Buterin, who has met with Vladimir Putin in the past, responded with the following:
“Very upset by Putin’s decision to abandon the possibility of a peaceful solution to the dispute with Ukraine and go to war instead. This is a crime against Ukrainian and Russian people. I want to wish everyone security, although I know that there will be no security. Glory to Ukraine.”
Later, the Ethereum founder even added:
“Reminder: Ethereum is neutral, but I am not.”
As another Tweet read, “We sometimes forget that there are real people living in these situations and it’s not all about the market.”.
They are absolutely right, and our thoughts and prayers go out to anyone effected by these frightening developments.
https://cointelegraph.com/news/bitcoin-plunges-as-putin-announces-special-military-operation-in-ukraine
For more than six years, the identity of the bad actor responsible for the siphoning off of 3.6 million ETH (more than $9 billion today), has remained a mystery.
The cryptocurrency was stolen from TheDAO, which is a decentralised fund, all the way back in 2016.
Now, Laura Shin, a well-known cryptocurrency journalist and author, believes that she has identified the attacker as Toby Hoenisch – founder of Euro-pegged stablecoin project, Mimo.
Shin’s evidence for this consists of both transactional details and data evidence, but also comments made by Hoenisch in the time leading up to the attack.
Hoenisch has denied the allegations.
However, Shin cites that her evidence includes the likes of Chainalysis, an early Ethereum developer called Alex Van De Sande and other claiming that Hoenisch had brought the vulnerability to TheDAO’s attention, just weeks before the attack took place.
Crucially, the attacker used a mixer protocol called Wasabi Wallet obscure their transactions. However, this was thwarted by a new tool developed by Chainalysis that can ‘un-mix’ these transactions.
Shin believes her findings constitute “extremely strong evidence of the attacker’s identity”.
What’s more, if mixers are no longer secure, there will be a number of crypto criminals that are very worried indeed…
https://www.bloomberg.com/news/articles/2022-02-22/attacker-behind-record-2016-crypto-hack-might-have-been-found
Sotheby’s auction house was expecting to host an auction for 104 CryptoPunk NFTs with expected volume of $20-30 million.
However, yesterday evening, the pseudonymous seller of the Punks tweeted “nvm, decided to hodl”. They even went further by posting a meme that included the text, “Taking punks mainstream by rugging Sothebys”.
The auction was being marketed as ‘Punk It!’ and was set to be “the first dedicated live evening auction for NFTs”.
The would-be seller has not been met with approval from the cryptocurrency community with the creator of DeFi protocol, Compound, citing a “sad day for digital art collectors”.
Sotheby’s had been one of few traditional institutions to push for mainstream adoption of NFTs and ox65od, as the collector is known, has damaged the entire perception of the NFT market.
Suffice to say, the collector doesn’t deserve the Punks he has!
The founder of RugRadio had the following to say:
“Bro you suck stop acting like you rugged Sotheby’s lmao you made everyone look stupid. Even the press here is laughing at us because of you stop hiding the guilt behind dumb ass memes.”
https://decrypt.co/93684/cryptopunks-owner-boasts-rugging-sothebys-nft-auction-canceled
11.9K views10:22
C
