$100M of Bitfinex’s Stolen Bitcoin Is in Transit

Key Takeaways Attackers behind a 2016 Bitfinex attack have moved a portion of their stolen funds in a series of transactions. Roughly $100 million worth of Bitcoin has been moved. The transfer is unlikely to impact the market significantly. Share this article Hackers responsible for a 2016 Bitfinex theft moved close to $100 million of Bitcoin today after crypto prices reached an all-time high. Nearly $100 Million Moved The hackers responsible for this transfer stole a total of 120,000 BTC from Bitfinex in August 2016. At the time, the British…

Tezos to Add Zcash’s Sapling Privacy Features

Key Takeaways Tezos will add Zcash’s Sapling privacy protocol to its code. This allows developers to create dApps that enhance user privacy. Tezos is not the first blockchain to introduce the feature. Share this article Tezos developers have announced plans to introduce new privacy features based on Zcash’s Sapling protocol in the coming months. Shielded Data In dApps Once Sapling is added to Tezos, developers will be able to use the feature in their Tezos smart contracts. This allows developers to create blockchain dApps that keep user data private. Sapling…

Someone just moved $5M in BTC from the 2016 Bitfinex hack

Back in 2016, 119,756 Bitcoin were stolen from the Bitfinex crypto exchange. Some of these coins have continued to move between wallets over the years, including as recently as Monday. Blockchain data shows that an unknown crypto user has moved 270.97974 Bitcoin (BTC) from a wallet associated with the hack. The sum is worth roughly $5.2 million at time of publication. The address 1GytseWXyzGpmHkcv9uDzkU9D8pLaGyR5x, which is believed to be associated with the hack, shows less than 0.001 BTC remaining. The BTC were sent to a previously unknown bitcoin address — 3MyXrfSg7JFXLa7bD6YF1GnomEr8EXYRnx,…

Why Bitcoin price has not hit a new all-time high — Just yet

The price of Bitcoin (BTC) reached $19,873 on Coinbase on Nov. 30, breaking above $19,000 in a surprising recovery rally. Although many in the cryptocurrency sector a celebrating BTC achieving an all-time high, it has not just yet. On Coinbase, the price of Bitcoin hit its peak at $19,891 in December 2017. The all-time high price on Coinbase is particularly important because it has consistently remained as the top U.S. exchange for the past several years. BTC/USD monthly chart at Coinbase. Source: TradingView Also, some top global exchanges like Binance…

Eth2 dev talks about challenges and lessons learned ahead of mainnet launch

After years of delays and changes in plans, Ethereum 2.0 is finally approaching release on Dec. 1. Ethereum 2.0 Phase 0 is introducing the long-awaited mechanism of staking to the smart contract platform, in addition to launching the skeleton of a future Eth2 blockchain, the Beacon Chain. Progress in 2020 steadily picked up pace as more and more testnets were introduced and iterated on. While they were successful in aggregate, they were not exempt from problems related to synchronization and block production. Part of those issues came from the challenge…

Venezuelan army starts mining Bitcoin to make ends meet

The regime of Nicolás Maduro continues to lean on crypto to keep economically solvent. Via Instagram, an engineering brigade of the Venezuelan army inaugurated the new “Digital Assets Production Center of the Bolivarian Army of Venezuela.” As the video shows, the center houses various ASIC mining equipment used to crack proof-of-work algorithms. General Lenin Herrera presented the new mining operation. The stated goal of the mining operation is “strengthening and self-sustainability of our units of the Bolivarian Army,” adding later that these mining centers would be generating “unblockable sources of…

Ethereum 2.0 staking is coming to Coinbase

U.S. digital currency exchange Coinbase has outlined plans for supporting Ethereum 2.0 staking rewards — possibly setting the stage for even wider adoption of the smart contract platform.  In an official blog post, Coinbase says it plans to roll out Eth2 staking, trading and conversion services starting in early 2021. Once Eth2 is supported, existing Coinbase customers will be able to convert their Ether (ETH) tokens to ETH2 and earn staking rewards. The company said: “While staked ETH2 tokens remain locked on the beacon chain, Coinbase will also enable trading between ETH2,…

yEarn Token to Correct, Bounce, and Reach for New Highs

Key Takeaways yEarn.Finance is trading at a critical price level that may have the strength to trigger a steep decline. The TD sequential indicator adds credence to the bearish outlook after it presented a sell signal on the 2-hour chart. If sell orders begin to pile up, YFI’s price could drop to $21,500 before resuming its uptrend. Share this article Extreme levels of “greed” in the cryptocurrency market continue to pose a threat to top coins, including DeFi’s so-called “blue chip” tokens. Coincidentally, yEarn.Finance is forming multiple bearish patterns, suggesting…

Biden should integrate Bitcoin into US financial system, says Niall Ferguson

British economic and financial historian Niall Ferguson says the United States need to find its own path in adopting cryptocurrencies, rather than “building [its] own versions of China’s electronic payments systems.” In a Nov. 30 Bloomberg opinion piece, Ferguson said that the current pandemic has generally been good for cryptocurrency adoption, accelerating a “monetary revolution” around the world. However, the historian notes that China has been “advancing rapidly” in the rollout of its digital yuan and increasing use of mobile payments. Apps like Alipay and WeChat Pay reportedly handle roughly $40…