Crypto | Bitcoin | Blockchain

2022-10-08 08:15:03 Grifters rug over 60 ETH from spoof token created after Binance exploit

Malicious players rugged over 60 ETH from a token created immediately after the Binance smart chain exploits. The token was first spotted by Lorem, who alleged that the Binance hacker created the rugged tokens. According to available information, the BNBHACKERINU token had the Binance exploiter address set as the lead deployer, and its contract was susceptible.

Lorem tweeted that the token contract allowed “the owner to take the BNBHACKINU tokens out of any holder’s wallet and transfer to any wallet.” He continued that the hacker minted over 1 quadrillion tokens. Meanwhile, on-chain investigator ZachXBT stated that the Binance exploiter did not create the token. According to him, the token was created by “someone spoofing to make it look like the exploiter did. Happens after most major exploits.”. HACKERSHIBA, that was created in a similar style to the BNBHACKERINU token.

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2022-10-07 08:34:02 Saylor gives away BTC via lightning network

Bitcoin maximalist Michael Saylor used the Lightning network to send 3 million sats (0.03 BTC) to three winners of his Lightning meme contest. Crypto researcher Eric Wall shared a Twitter pool asking if Michael Saylor has completed more than three Lightning transactions.

Since leading MicroStrategy to purchase its first Bitcoin on Aug. 11, 2020, Saylor has been bullish on any infrastructure proven to help bitcoin reach mass adoption. Saylor has maintained that the Bitcoin Lightning Network is the most important technology being developed today as it has the potential to scale bitcoin to billions of customers globally while leveraging the time-tested security of the Bitcoin layer. Saylor’s MicroStrategy is working to develop a Lightning Network-based platform that will offer a Lightning wallet.

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2022-10-06 06:53:02 Bitcoin mining pool Poolin in distress following liquidity crisis

The Bitcoin mining pool Poolin on Sept. 6 announced liquidity problems and subsequently suspended withdrawals, flash trades, and internal transfers from its network. Under normal circumstances, pool members can withdraw their cryptocurrency rewards via their pool wallets. In this case, the PoolinWallet.

Mining pools collate processing power from contributing miners to generate block rewards more quickly and consistently versus “going alone.” The rewards are distributed in proportion to the members’ contribution (or donated processing power) in finding the correct hash. Pool fees are payable. On Sept. 14, as a workaround to the withdrawal freeze, the pool announced the issuance of IOU tokens on a 1-to-1 basis to replace rewards held in PoolinWallets. Since announcing a freeze on withdrawals, a slew of contributing miners have left the pool.

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2022-10-05 08:44:02 Bitcoin mining hashrate touches new all-time high, mining difficulty expected to rise

Bitcoin’s (BTC) hashrate has spiked to a new all-time high amid the current bear struggles of the broader crypto market. According to Glassnode data, as analyzed by CryptoSlate, BTC’s hashrate touched 244.25 EH/s on Oct. 3. BitcoinIsaiah pointed out that the hashrate is already up 84% this year, despite a 72% drop in BTC price.

In the seven days, the miners responsible for most of the hashrates were Foundry USA, AntPool, F2Pool, Binance Pool, ViaBTC, and others. Since Bitcoin’s hashrate dropped to 200 EH/s on Aug. 4, the data has steadily grown as more machines are online after the hot summer. Several miners have also upgraded their equipment to ensure better efficiency. Meanwhile, the hashrate increase is happening at a time when Bitcoin’s price has considerably struggled. CryptoSlate research revealed the possibility of the asset dropping to $12,000 if its low volume persists.

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2022-10-04 08:52:02 Crypto ETP Popularity Shows Institutions Are Gearing Up for the Next Bull Run

Exchange-traded products (ETPs) based on cryptocurrencies continue to gain traction in spite of an overall downturn in the market over the past year. Crypto ETPs have experienced global net inflows of $379 million so far this year, according to data from exchange-traded fund fintech firm TrackInsight. Instead of simply investing in equities linked to cryptocurrencies.

According to Kenneth Lamont, senior fund analyst for passive strategies at Morningstar, one reason for the popularity of these products is the flexibility they afford institutional investors in approaching the nascent and volatile asset class. Despite the surging demand from clients to tap into the crypto ecosystem, many are confounded by the underlying technology and thus require professional services, but most institutions have regulatory hurdles that preclude them from offering direct access.

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2022-10-03 07:48:02 UK Regulator: Crypto Firms Undeterred by Strict Regulation

The Financial Conduct Authority (FCA), Britain’s top financial regulator, has revealed that many crypto firms are still seeking licenses to operate in the U.K. despite failing to meet regulatory requirements the first time. “They know we have a good system of regulation and if they meet our standards that’s important for every jurisdiction.

Financial Conduct Authority (FCA) executive director for competition and consumers, Sheldon Mills, talked about cryptocurrency regulation at a City & Financial conference Thursday. British lawmakers and the crypto industry have criticized the country’s top financial regulator for being slow in processing license applications and for rejecting many applicants despite the government previously stating that it wants to make the U.K.

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2022-10-02 06:28:02 Ontario Securities Commission (OSC) Files Lawsuit for $51M Dignity Token Asset Offering

The Ontario Securities Commission (OSC) has filed a lawsuit against Troy Richard James Hogg for selling unregistered securities in an ICO where he raised $51 million. According to a press statement, the OSC alleged that Hogg and his companies, Cryptobontix Inc., Arbitrade Exchange Inc., and Arbitrade Ltd. promoted and sold Dignity tokens.

The regulator continued that Hogg promoted the tokens using false representations, including claiming that Gold Bullion supports the tokens in promotional materials. Hogg also failed to file a prospectus for the token distribution and did not get the necessary registration for the trading activities. Furthermore, it accuses Hogg and the affiliated corporate entities of defrauding investors by using a substantial part of the funds for unrelated purposes, such as buying real estate properties.

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2022-10-01 09:13:02 Bybit CEO claims ‘macro trends are nothing to fear’ in the crypto market

The volatility in the cryptocurrency industry is one of the reasons why some mainstream players and governments still shy away from digital assets, but one crypto executive is particularly bullish on the market, which he believes will prevail amid the ongoing macro trends. Ben Zhou, the co-founder, and CEO of crypto exchange Bybit, sees the current uncertainty.

Zhou has several reasons to feel positive about the future of the crypto market, as demonstrated by the record numbers of investors ditching their euros and pounds in favor of Bitcoin and Ethereum (ETH), as Finbold reported. On top of that, major mainstream financial players are increasingly adopting crypto products as part of their operations, including Singapore’s largest bank, which has recently expanded.

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2022-09-30 09:57:02 Pantera Capital to Launch a $1.25 Billion Blockchain Fund

CEO Dan Morehead said Pantera Capital will complete its second blockchain fund by May 2023. The American asset manager that specializes in cryptocurrencies – Pantera Capital – is looking to raise $1.25 billion for its second blockchain fund. Not long ago, the head of the company – Dan Morehead – argued that the digital asset market had hit its bottom in June and a bull run is on the horizon.

Pantera Capital introduced its first cryptocurrency fund in August 2020, when it raised $165 million. In a recent interview, CEO Dan Morehead revealed that Pantera Capital intends to launch a second blockchain fund which will be significantly bigger than the previous one – $1.25 billion, to be completed by May next year. The current condition of the sector, though, is not so optimistic. Today the global cryptocurrency market capitalization plunged below $1 trillion, while bitcoin trades at approximately $19,000.

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https://t.me/affynofficial/ Open / Comment