/ Bitcoin
Closed trade #BTCB445 27.79%. BTC SHORT 3x with an exit at $26811! Trade was active for 38 days. $BTC two ltf scenarios i would watch here. 1 - green.. with s/l of profits at around 27.5k when leaving the downtrend dashed lined and break above red rectangle resistance. 2 - red.. following the trend. my last update/analysis for this trade wasnt as good as i was hoping for so thats why im closing here and wait for a clearer view. $BTC #closedtrade #BTCB445
/ Render
#RNDR still inside the bullish ascending triangle.. wouldnt be sprised if we pump from here soon again! #information
/ Fantom
#FTM finally reached the htf support.. from here i can see a nice opportunity for a ltf rally. #information
/ Atomic Wallet hacks lead to over $35 million in crypto stolen
The developers of #Atomic #Wallet are investigating reports of large-scale theft of #cryptocurrency from users' wallets, with over $35 million in crypto reportedly stolen. Atomic Wallet is a mobile and desktop crypto wallet allowing users to store various cryptocurrencies. The wallet is offered for multiple operating systems, including Windows, Android, iOS, macOS, and Linux. On June 3rd, Atomic Wallet tweeted that they had received reports of compromised wallets and had begun investigating the issue.
More on Bleeping Computer• 2023-06-04
/ Bittrex files for bankruptcy protection less than a month after SEC charges
#Bittrex Inc. filed for Chapter 11 #bankruptcy protection in Delaware on Monday, less than a month after the Securities and Exchange Commissions charged it with running an unregistered exchange. The company said it had assets and liabilities each estimated to be worth between $500 million and $1 billion, and more than 100,000 creditors in a court filing. Two other entities, Bittrex Malta Ltd. and Bittrex Malta Holdings Ltd., also filed for bankruptcy protection in the U.S. Bankruptcy Court for the District of Delaware. The bankruptcy filing will not impact Bittrex Global, according to a Bittrex Inc. spokesperson.
More on The Block• 2023-05-13
/ Police shut down dark web crypto laundering service linked to FTX hack
An international coalition of law enforcement agencies announced on Wednesday that it had taken down the popular dark web crypto laundering service ChipMixer, seizing more than $46 million in crypto and terabytes of server data. The service, for example, was used last year by the attacker who stole funds from the now failed crypto exchange FTX, as well as by several ransomware groups. “The platform and the criminal content have been seized,” ChipMixer’s website now reads. “The ChipMixer software blocked the blockchain trail of the funds, making it attractive for cybercriminals looking to launder illegal proceeds from criminal activities such as drug trafficking, weapons trafficking, ransomware attacks, and payment card fraud,” Europol wrote in a press release. “Deposited funds would be turned into ‘chips’ (small tokens with equivalent value), which were then mixed together – thereby anonymizing all trails to where the initial funds originated.”
More on TechCrunch• 2023-03-15
/ CEO of crypto media outlet The Block resigns after it's revealed he took tens of millions in loans from Sam Bankman-Fried
The Block is a cryptocurrency-focus media outlet that was originally founded in 2018 by Mike Dudas. In 2020, Michael McCaffrey became CEO of the company, and in 2021 he led a buyout to make the company employee-owned. Dudas says that at the time, he believed "McCaffrey's family was wealthy and loaned him money to buy out [his stake] and the VCs so the team could assume full independent ownership."
More on web3isgreat• 2022-12-10
/ FTX claims it was hacked as more than $600 million is withdrawn
Over $600 million was mysteriously withdrawn from FTX and FTX US late on November 11, despite the company freezing withdrawals. An FTX account administrator wrote on the FTX support Telegram, "FTX has been hacked. FTX apps are malware. Delete them. Chat is open. Don't go on FTX site as it might download Trojans". The message was pinned by FTX General Counsel Ryne Miller. Miller later wrote on Twitter, "Investigating abnormalities with wallet movements related to consolidation of ftx balances across exchanges - unclear facts as other movements not clear. Will share more info as soon as we have it."
More on web3isgreat• 2022-11-12
/ FTX files for bankruptcy, Sam Bankman-Fried resigns
Aaaand there it goes. FTX announced that it had filed for Chapter 11 bankruptcy in the United States. Sam Bankman-Fried resigned as CEO. SBF had spoken about trying to raise additional funds. In leaked Slack messages, he had allegedly written that "One could maybe say, if they wanted to be optimistic, that we have a lot theoretically in and/or potentially for the raise". No one was actually saying this.
More on web3isgreat• 2022-11-11
#Bitcoin
The next halving will happen at block: 840,000
This means that 46,469 blocks are left and it will approximately happen in..
255 days or
6,114 hours or
366,859 minutes!
What is it all about?
Halving is an anti-inflation mechanism implemented, in the Bitcoin network. As the name suggests a reduction in the supply of new coins is cut by half (50%).
This causes BTC inflation to fall cyclically.
It takes place whenever 210,000 blocks have been mined which is roughly around once every 4 years.
Current mining rewards are 6.25 bitcoins.
Bitcoin: A Peer-to-Peer Electronic Cash System