Failed Sybil Attack Targeted Monero Users, Privacy Is Safe

Key Takeaways Monero was targeted by an attack today that could have compromised the privacy of some users. However, the attack failed to achieve its goal: linking IP addresses and user identities. The identity of the attacker is still unknown. Share this article Monero was targeted by an attempted Sybil attack that ultimately failed, according to reports from project developer Riccardo Spagni. Attacker Targeted IP Addresses As explained by Spagni, an unknown attacker ran several nodes in an attempt to compromise Monero users’ privacy. In essence, the attacker tried to…

Why Uniswap’s UNI Could be Just a Week Away from “Price Discovery”

Uniswap’s UNI governance token has been rocketing higher alongside the aggregated DeFi sector throughout the past few days, once again surmounting $3.00 as buyers aim at it seeing further upside in the mid-term. The cryptocurrency is one of the DeFi “blue-chips” that has been seeing immense momentum as of late and is widely viewed as a benchmark for the rapidly emerging sector. A couple of catalysts for potential UNI upside in the months ahead could be implementing version 3 of the AMM or passing a governance proposal that directs platform…

Bitcoin whale clusters signal $14.9K is the crucial level for BTC to hold

New data from Whalemap suggests that in order to maintain bullish momentum Bitcoin price needs to hold above the $14,914 level. Whale clusters, like the bubbles shown on the chart below, form when high-net-worth investors purchase Bitcoin and do not move them. This indicates that whales accumulated BTC at that level and suggests that it will likely remain as a support area in the event of a correction. As such, in the near term, it is crucial for Bitcoin to remain above $14,914 for a prolonged period. It would signify…

Argentina’s Parliament will see a new bill presenting a framework for crypto

Argentine congressman Ignacio Torres plans to present a bill addressing cryptocurrencies to the Argentine Parliament. Cointelegraph en Español spoke with Efraín Barraza, Operations Manager of Athena Bitcoin in Argentina, and Alberto Vega, CEO of Bithan, who collaborated on the draft and who are looking to discuss a legal framework for crypto in Argentina. Both Barraza and Vega remarked that their interest is to have a conversation and debate about blockchain technology and cryptocurrencies in Argentina, so that they do not get left behind, and considering that other countries are already…

OCC’s Brian Brooks testifies to the importance of crypto before US Senate

As part of his statement to the U.S. Senate Committee on Banking, Housing and Urban Affairs, acting Comptroller of the Currency, Brian Brooks, prepared a whole section on crypto assets, including specific mention of stablecoins.  “Today, roughly 60 million Americans own some type of cryptocurrency, with a total market cap of nearly $430 billion,” Brooks said, adding: “These figures clearly illustrate that this payment mechanism is now firmly entrenched in the financial mainstream. Cryptocurrency has become a popular mechanism for sending and receiving payments for goods and services because transactions post in real…

Yearn.finance (YFI) Outperforms DeFi Sector as Powerful Uptrend Persists

Yearn.finance’s YFI has been caught within the throes of an intense uptrend throughout the past few days, with its recent lows of $7,500 looking more and more like a long-term bottom as money keeps flowing into the altcoin market. In particular, DeFi tokens have seen immense strength throughout the past few days, with the blue-chip tokens all rallying in tandem. Bitcoin and Ethereum have been consolidating concurrently with this explosion in the DeFi sector, which signals that investors may largely be rotating capital away from the larger digital assets and…

Bitcoin is peerless thanks to early distribution, CoinMetrics analysts argue

Thousands of different cryptocurrencies have arisen in the since Bitcoin’s (BTC) 2009 genesis block. Even though newer assets come with different technology and new bells and whistles, Bitcoin still has an upper hand in a key category, according to a November report from crypto data firm Coin Metrics.  Due to its relatively older framework, people sometimes compare Bitcoin to early, outdated versions of other technological innovations, such as dial-up internet, the report explains:  “Too often, these are part of deliberate marketing strategies pushed by proponents of emerging cryptoassets that reportedly succeed…

US central banker urges digital dollar development

President of the Dallas Federal Reserve Robert Kaplan believes the US central bank should begin work on a digital currency immediately, a clear indicator that some policymakers view this as an urgent matter.  Speaking Tuesday at a virtual conference hosted by Bloomberg, Kaplan reportedly said: “It is critical that the Fed focuses on developing a digital currency in the coming months and years.” The central banker’s remarks were part of a broader discussion on the economy and fiscal policy.  Kaplan is a member of this year’s Federal Open Market Committee…

Data show traders neither bullish nor bearish over sub-$15.5K Bitcoin price

Typically, traders become skeptical after Bitcoin (BTC) “completes” a strong performance like the stellar move from $12,000 to $15,950 seen over the past few weeks.  The 35% gain over the past 30 days led some traders to conclude that BTC is over-extended and in need of a pullback. On the other hand, there are plenty of traders who are confident that the current bull run can continue. Generally, the market is displaying mixed signals as Bitcoin price fluctuates between $15,000 to $16,000, so many traders are left to rely on…

Ethereum 2.0 deposits at 10% of launch threshold as deadline approaches

The deposit contract for Ethereum 2.0 now holds 50,849 Ether (ETH), worth approximately $22 million as of press time. This is slightly less than 10% of the minimum required stake of 524,288 ETH, or $230 million. Ethereum 2.0 is set to launch on Dec. 1 — but only if the minimum stake threshold is reached seven days before that date. Historic balance for the deposit contract by Etherscan. The influx of new deposits appears to have tapered off recently as the majority of prospective stakers joined within the first three…