The group is known to have targeted critical infrastructure and healthcare providers, extorting $100 million from victims worldwide.
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Bitcoin can still crack $50K if gold correlation continues — Chart
Bitcoin (BTC) could get sucked toward $50,000 like a magnet if it continues to follow gold, fresh analysis predicts.
In a Twitter update on Jan. 26, popular trader and market commentator TechDev presented a lofty new BTC price target tied to XAU/USD.
Gold, Bitcoin inverse dollar correlation “without question”
As the debate over how much Bitcoin will compete with gold remains, bullish-price takes are surfacing.
For TechDev, the outlook is more optimistic than for many — Bitcoin might even crack the $50,000 mark.
“What if Bitcoin continues to follow Gold / DXY ?” he queried.
The legal dangers of getting involved with DAOs
Buying DAO tokens? That’s no longer risk-free: Courts might consider you a partner in the business and judge you liable for millions in hacked funds. Another legal trap may be found simply working for a DAO — and implementing community decisions that turn out to be illegal in some far-flung jurisdiction.
With many DAO communities waking up to the reality that they need some sort of legal structure or “legal personality” in order to act in the real world, solutions from mimicking corporate structures to anonymously run foundations are being floated by lawyers around the world.
Nothing in this article should be construed as legal advice — and not just because the law isn’t clear about any of it.
Code is law?
In 2021, Magazine interviewed Griff Green, whose heroic actions to thwart The DAO hack on the morning of June 17, 2016, helped save a good proportion of the 14% of Ether in existence at the time. By identifying how the exploit worked, his team of hackers worked to “steal” faster than the malicious actor, thus limiting the amount taken by the individual who discovered the error in The DAO’s code. But who did this ETH belong to?
Did it belong to the 11,000 investors who had contributed Ether toward the project in the previous month? If so, what claim did they have, considering that these “investors” had handed their money to an organization without leaders or jurisdiction, governed entirely by smart contracts that operated according to the votes of investors?
The legal dangers of getting involved with DAOs
Buying DAO tokens? That’s no longer risk-free: Courts might consider you a partner in the business and judge you liable for millions in hacked funds. Another legal trap may be found simply working for a DAO — and implementing community decisions that turn out to be illegal in some far-flung jurisdiction. With many DAO communities […]
Inside the World Economic Forum: Circle, Ripple reflect on Davos 2023
A handful of cryptocurrency industry players who took part in workshops at the World Economic Forum Annual Meeting paint a picture of increased collaboration within the space in 2023.
Former Polygon VP of growth shares the secrets behind major partnerships
Former Polygon VP of growth Arjun Kalsy believes that Polygon's integration of zero-knowledge roll-up technology would boost the network's adoption.
How to mine Bitcoin at home
To start mining Bitcoin at home, one needs to obtain a Bitcoin wallet and a mining rig, install the Bitcoin mining software, and join a mining pool.
Bitcoin hash rate taps new milestone with miner hodling at 1-year low
Bitcoin (BTC) is seeing new records in network activity as volatility sends BTC price action to fresh five-month highs.
Data from resources including MiningPoolStats confirms that Bitcoin’s hash rate hit new all-time highs on Jan. 26.
Hash rate passes 300 EH/s threshold
In another example of Bitcoin’s blitz recovery from the pits of post-FTX woes, network hashing power is now bigger than ever.
Hash rate, which is an expression of the processing power dedicated to the network by miners, is currently at 321 exahashes-per-second (EH/s), according to MiningPoolStats raw data.
Bitcoin hash rate raw data chart (screenshot). Source: MiningPoolStatsDespite being only an estimate and impossible to measure entirely accurately, the latest readings are quite the feat, having never crossed the 300 EH/s level before.
'Blockchain Bandit' reawakens: $90M in stolen crypto seen shifting
The hacker accumulated as much as $90 million worth of crypto during a six-year thieving spree.
Crypto industry leaders ‘scared of a strong SEC’ — Senator Warren
Senator Warren claims the Trump Administration “gave a green light” to allow for a cryptocurrency market full of junk tokens, rug pulls and ponzi schemes.
Moonbirds creator Kevin Rose loses $1.1M+ in NFTs after 1 wrong move
Among the nonfungible tokens (NFTs) stolen from the PROOF co-founder were 25 Chromie Squiggles and one Autoglyph NFT.
Crypto lawyers to be in demand as regulatory pressure reaches boiling point
Commercial lawyers with a solid knowledge of blockchain and crypto tech will be in particularly high demand.
South Korean prosecutors request arrest warrant for Bithumb owner: Report
One of the country’s largest crypto exchanges has fallen under investigators’ scrutiny over allegations of embezzlement by company executives.
$1.48B in Bitcoin options expire on Friday — Will BTC hold $22K?
Bitcoin investors' sentiment improved after signals pointing to lower inflationary pressure suggested that the U.S. Federal Reserve could soon move away from its interest rate increase and quantitative tightening. Commonly known as a pivot, the trend change would benefit risk assets such as cryptocurrencies.
On Jan. 22, the China-based peer-to-peer trades of USD Coin (USDC) reached a 3.5% premium versus the United States dollar, indicating moderate FOMO by retail traders. This level is the highest in more than 6 months, suggesting excessive cryptocurrency buying demand has pressured the indicator above fair value.
The all-time high on the 7-day Bitcoin hash rate — an estimate of processing power dedicated to mining — also supported the bullish momentum. The indicator peaked at 276.9 exo-hash per second (EH/s) on Jan. 19, signaling a reversion of the recent weakness caused by miners facing financial difficulties.
Despite the bears' best efforts, Bitcoin has been trading above $20,000 since Jan. 14 — a movement that explains why the $1.48 billion Bitcoin monthly options expiry will vastly benefit bulls despite the recent failure to break the $23,200 resistance.
Bulls were too optimistic, but remain well positioned
Bitcoin's latest rally on Jan. 20 caught bears by surprise, as a mere 6% of the put (sell) options for the monthly expiry have been placed above $22,000. Thus, bulls are better positioned even though they set nearly 40% of their call (buy) options at $23,000 or higher.
Venture capital investments into blockchain continue to free-fall: Report
Q4 2022 saw investment capital inflows of $2.3 billion, continuing the trend since April sparked by the collapse of Terra and subsequent fallout.
Nifty Gateway co-founders resign amid Gemini woes
Nifty Gateway was founded in 2018 and acquired by Gemini in 2019.
Bitcoin due shake-up vs. gold, stocks as BTC price dips under $22.5K
Bitcoin (BTC) saw weakness at the Jan. 25 Wall Street open as United States equities fell in step.
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC price faces stiff resistance
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD heading below $22,500 after failing to crack resistance near five-month highs.
U.S. stocks saw a weak start to the session, the S&P 500 and Nasdaq Composite Index down 1.1% and 1.6%, respectively at the time of writing.
Bitcoin bulls had themselves faced trouble attempting to push into an area of liquidity above $23,400, this so far remaining unchallenged and home to a significant number of would-be short liquidations.
Traders remained on the fence, hoping that a clearer trading signal would come after several days of essentially sideways price action.
NFT creator: Amber Vittoria crushes it in her ‘Big Girl Pants’
Artist name: Amber Vittoria
Location: Los Angeles
Date minted first NFT: March 1, 2021
Which blockchains? Ethereum, Tezos
Bio:
Before she even turned 30, Amber Vittoria had made a significant splash in the traditional art world with gigs with Gucci, Google, Adidas, Victoria’s Secret, Apple, L’Oréal Paris, Meta, Snapchat, VaynerMedia and The New York Times,
Hailing from New York City but now living in Los Angeles, Vittoria studied graphic design at Boston University’s College of Fine Arts.
Amber Vittoria Source: Supplied“I think I always knew I wanted to be a fine artist and work for myself at one point but knew that graphic design would help me get there,” she says.
Vittoria is also the author of a recent book about poetry, painting and womanhood called These Are My Big Girl Pants, and her various creative talents saw her cited on Forbes 30 Under 30 — Art & Style in 2020.
Bitcoin faces ‘considerable danger’ from Fed in 2023 — Lyn Alden
Bitcoin (BTC) still risks “considerable danger” in 2023 as macroeconomic conditions dictate price action.
That is according to economist Lyn Alden, who, in private comments to Cointelegraph, cautioned on Bitcoin staying bullish after its January gains.
Alden: BTC price bottom is a “process”
Optimism is increasing throughout crypto as BTC/USD broadly retains levels, which are 40% higher than at the start of the year.
What the rest of 2023 may hold, however, is still a topic of debate, and Alden suggests that it is naive to assume that the good times will continue unchecked.
The reason, she says, lies with the United States lawmakers and the Federal Reserve.