DeCenter – Blockchain and Bitcoin

2021-12-21 21:37:00 Join our group Bybit Global Activities to get 20 USDT maximum!!

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2021-12-21 20:20:05 US Goes to Court to Recover $154M Stolen From Sony, Converted to Bitcoin

The United States Department of Justice has announced the filing of a civil forfeiture complaint to retrieve over $150 million of embezzled funds in Bitcoin. The FBI tracked down the funds during a robbery investigation involving Sony.

“The United States took action in a federal court today to protect and ultimately return more than $154 million in funds that were allegedly stolen from a subsidiary of Tokyo-based Sony Group Corporation and then seized by law enforcement during the FBI’s investigation of the theft,” the Justice Department said in a statement.

An employee of Sony allegedly embezzled these funds in May 2021, converting them to over 3,800 Bitcoin (now worth over $180 million).

That Sony employee has been named by the Justice Department as Rei Ishii. Ishii was an employee of Sony Life Insurance Company Ltd, a Sony Group subsidiary. According to the Justice Department, Ishii allegedly diverted the $154 million when the company attempted to transfer these funds between their own financial accounts.

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2021-12-19 12:50:06 Join our group Bybit Global Activities to get 20 USTD maximum!!

Bybit: Established in March 2018, Bybit is one of the fastest-growing cryptocurrency exchanges, with more than 3 million registered users. Welcome to join us!!

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2021-12-19 12:00:17 ‘Monster bull move’ means whales could secure the next Bitcoin price surge

Bitcoin (BTC) whales are the center of attention this week as buying and selling habits split the BTC price narrative.

The second half of November produced a marked uptick in the buy/sell ratio on major derivatives trading platform Deribit, and for contributing analyst Cole Garner, this is a sure sign that price action will react positively in the near term.

“I recently discovered the ratio of market buys & sells of perpetuals on Deribit Exchange is a sick leading indicator,” he commented.

Exchange reserves more broadly are now at four-year lows, meaning exchanges have less BTC on their books than at any time since the old all-time highs of $20,000 in 2017. Open / Comment

2021-12-18 15:14:02 Market Wrap: Bitcoin Options Lean Bearish as Some Altcoins Outperform

Bitcoin traded lower on Friday along with equities as demand from buyers faded.

The brief price bounce over the past two days was limited as bitcoin (BTC) eventually dipped below $48,000, although charts suggest pullbacks could stabilize around the $46,000 support level, or the level at which buyers tend to purchase or enter into a stock.

BTC is roughly flat over the past week, compared with a 1% drop in ether (ETH), a 5% rise in Solana’s SOL token, and a 38% rise in Avalanche’s AVAX token over the same period. The wide dispersion in crypto returns this week suggests that investor appetite for risk remains strong. Typically, the overall crypto market begins to trend higher when alternative cryptocurrencies (altcoins) start to outperform bitcoin.

For example, the U.S. Financial Stability Oversight Council published a report on Friday warning Congress about stablecoin and decentralized finance (DeFi) risks. Meanwhile, the U.S. Securities and Exchange Commission (SEC) delayed its decision on Grayscale and Bitwise spot bitcoin exchange-traded funds (ETF), which also contributed to the sour mood in crypto markets on Friday.

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2021-12-18 12:50:08 Join our group Bybit Global Activities to get 20 USTD maximum!!

Bybit: Established in March 2018, Bybit is one of the fastest-growing cryptocurrency exchanges, with more than 3 million registered users. Welcome to join us!!

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2021-12-18 11:48:01 Reddit reveals plans to go public


Late Wednesday night, the popular social platform Reddit announced that it had started the process of making the company public. The company filed a confidential S-1 with the United States Securities and Exchange Commission to go public.

Per SEC regulations, it cannot provide any details about shares or prices until after a quiet period is over to protect trade secrets from being leaked before an initial public offering (IPO) date is set. The SEC filing confirmed long-running rumors about Reddit’s plans for a public offering.

Back in August, Reddit raised $700 million in fresh funding, making it worth more than $10 billion. In a recent update, Reddit stated that it had made $100 million in ad revenue for the second quarter of 2021, which represents a nearly 200% increase over the previous year.

“The initial public offering is expected to occur after the SEC completes its review process, subject to market and other conditions,” Reddit stated in a filing with the SEC.

Reddit competes with ad-supported social media platforms such as Facebook and Twitter. According to Reddit CEO Steve Huffman, the firm has grown up in the shadow of Facebook, now called Meta, and Google, and every dollar the company makes is a struggle. On the other hand, Reddit has already established its cryptocurrency in the form of Reddit Community Points, or RCPs.

As of August, Reddit boasted about 52 million daily users and more than 100,000 active subreddits. Reddit is a forum where seasoned traders congregate to share their expertise, as well as a popular gathering spot for notorious meme stock r/Wallstreetbets, which has had a big influence on stock and crypto markets this year with its retail trading and pumping tactics. The group’s popularity prompted the creation of crypto counterpart r/SatoshiStreetB, which now has 509,000 members. Open / Comment

2021-12-18 02:22:02 Coinbase Plans 'Identity Tools' to Access the Metaverse, Store Your NFTs

Coinbase is working on tools to let people access the metaverse—a loosely-defined term that describes an emerging digital world where we work, live, play, and shop.

On Thursday, Coinbase's CEO Brian Armstrong and an executive in charge of identity tools, Alex Reeve, published a blog post that set out the company's vision of the metaverse and its plans to operate there.

The most notable part of the blog post comes where they describe plans to provide users with NFT-based identity tools to enter the different realms that will make up the metaverse.

"At Coinbase, we want to help pull all the pieces of identity together—essentially creating an identity on-ramp into the Metaverse," reads the post. "That’s the idea behind our work with ENS, which makes it possible to create a unique username NFT that resolves to a wallet. Eventually, this will allow users to carry a unique ID across different worlds in the Metaverse."

Armstrong and Reeve added: "We’re also working on technology that will allow you to purchase your avatar, define and maintain your public profile, and establish trust. And we’re working on features like Sign in with [ETH/Coinbase], which could allow users to sign into every app in the Metaverse."

Coinbase's mention of "ENS" is a reference to the Ethereum Name Service, a fast-growing service that renders the complicated jumble of characters that make up a wallet address into a plain English term like "GeorgeWashington.eth" (or whatever name you want to register).

Coinbase has been heavily involved in a DAO (a community-run organization) associated with the ENS project, which is regarded as a key step to making the metaverse more accessible and user friendly. Open / Comment

2021-12-17 15:25:02 Analysts say Bitcoin’s behavior at $47.5K mirrors the pre-breakout 2017 market

Crypto markets tanked again after Bitcoin (BTC) price slipped to $47,500 on Dec. 9, but most analysts agree that the price is destined to remain in the $40,000 to $55,000 range until the holiday season has passed.

Insight into the weekly price action was provided by analyst and pseudonymous Twitter user Rekt Capital, who posted the following chart, which outlines the levels of support and resistance that are currently relevant to the price action for BTC.

Further analysis of the weekly price action for BTC was provided by analyst and pseudonymous Twitter user TechDev, who posted the following tweet outlining the formation of pennants, which have proven to be followed by bullish breakouts in the past, on the Bitcoin chart.

As expressed by TechDev at the end of his tweet, nobody ever said that making money and holding firm on the long-term outlook for BTC was easy, and the biggest rewards are reserved for those that can persevere during times of struggle like that which the market is currently facing.

A final bit of insight was offered by the crypto trader and pseudonymous Twitter user Nunya Bizniz, who posted the following chart comparing the price action for BTC during the 2017 bull market cycle to the current chart and hinted at a possible breakout approaching for Bitcoin in the near future.

While what happens with Bitcoin price in the near future remains to be seen, it’s looking as if the handful of $100,000 predictions by the end of 2021 will fall short and possibly not occur until sometime in 2022, if at all.

The overall cryptocurrency market cap now stands at $2.25 trillion and Bitcoin’s dominance rate is 40.1%.

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2021-12-17 13:55:08 Join the group Bybit Global Activities to get 20 USTD maximum!!

Bybit: Established in March 2018, Bybit is one of the fastest-growing cryptocurrency exchanges, with more than 3 million registered users. Welcome to join us!!

See more details in the group! complete registration ONLY will just take 5 mins to get USTD

Referral Roll — Invite Friends & Team Up for 1 BTC, 22,000 USDT in Prizes & More

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