Sunday, November 27, 2022

Bitcoin changed little in morning trading, with Ether dropping slightly.

Bitcoin fell 0.2% to $16,439 in the 24 hours to 8am in Hong Kong, while Ether fell 0.9% to $1,208, according to CoinMarketCap. Dogecoin was the only token to post double-digit gains, climbing 11% to $0.098, hitting near its highest level in almost three weeks. These successes came suddenly after Musk announced that "Team Tesla just drove 500 miles in an 81,000-pound Tesla Semi!" The health of Dogecoin in general is highly dependent on, and often associated with, the fortunes of Musk and his companies; Memcoin also rose significantly when, for example, Musk's purchase of Twitter was confirmed.

The Shiba Inu copycat token also posted more gains than any other top 10 token, climbing 2.9%b to $0.000009286. BNB, the native blockchain token operated by the world's largest crypto exchange Binance Global Inc., BNB Smart Chain, fell 1.2% to $307.69 but is still up 16.4% over the past seven days. This comes after Binance released a reserve confirmation on Friday to provide more transparency on user funds amid heightened industry scrutiny following the crash of Bahamas-based exchange FTX.com. Litecoin suffered the biggest losses, dropping 1.9%b to $7.03, but still proved to be one of the best-performing major tokens as it surged about 36% in November amid extreme market volatility following the FTX crash. Litecoin mining rewards are expected to halve in eight months, halving the pace of token supply. XRP is up 9.7% to $0.39 in the past seven days of trading as the date approaches when both parties must file summary judgments in the U.S. Securities and Exchange Commission (SEC) lawsuit against Ripple Labs Inc. - whose payment network is powered by XRP. Both parties are going to meet on December 2 to discuss the wording of the case.

On Friday, the US stock market had a mixed day in a shortened session due to the Thanksgiving holiday. The Dow Jones Industrial Average rose 0.5%, while the S&P 500 fell less than 0.1% and the Nasdaq fell 0.5%. A record $9.1 billion was spent on Friday as part of the annual Black Friday sale, up 2.3% from previous years. These are the annual sales, held on the Friday after Thanksgiving, that have become a major event on the U.S. retail calendar and have proven so popular that they have spread to other countries that don't usually celebrate Thanksgiving on that day, or not at all.

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When will the bear market finally end?

Some are referring to this as the bear market's high because Bitcoin prices are stagnant at $16,000 and the overall market capitalization of all cryptocurrencies and tokens is $800,000,000+, an increase of $100,000,000+ from last month. People are using cold wallets and DEXes to protect their valuables as there is widespread extreme concern.

Despite these events, there is some optimistic news that might position these projects to be at the vanguard of the following bullrun. According to an article by Bitcoinist, one of these initiatives is AshSwap, which was able to fund $2.5M in its seed round and has a high chance of making DeFi available to everyone as the first stable-swap DEX on the MultiversX chain. For more information, see to https://bitcoinist.com/ashswap-the-first-of-its-kind-stable-swap-on-elrond-raises-2-5m-in-its-seed-round/.

Another interesting fact: Did you know that Amazon beat Apple to the production rights for the series show about FTX's growth and fall? I'm certain I'll watch this in a single sitting.

So where are we going to be in a few weeks or months? Do we anticipate a significant stimulus for the upcoming rally? Will this include regulations?


i might have been hacked need help kinda scary

i have received an email from "support@my email.com" and i am not sure if it is random or not

i have copy and pasted it below

>Greetings!

I have to share bad news with you. Approximately a few months ago, I gained access to your devices, which you use for internet browsing. After that, I have started tracking your internet activities.

Here is the sequence of events:

Some time ago, I purchased access to email accounts from hackers (nowadays, it is quite simple to buy it online). I have easily managed to log in to your email account elijah.pricemain@outlook.com.

One week later, I have already installed the Cobalt Strike "Beacon" on the Operating Systems of all the devices you use to access your email. It was not hard at all (since you were following the links from your inbox emails). All ingenious is simple. :).

This software provides me with access to all your devices controllers (e.g., your microphone, video camera, and keyboard).
I have downloaded all your information, data, photos, videos, documents, files, web browsing history to my servers. I have access to all your messengers, social networks, emails, chat history, and contacts list.

My virus continuously refreshes the signatures (it is driver-based) and hence remains invisible for antivirus software. Likewise, I guess by now you understand why I have stayed undetected until this letter.

While gathering information about you, i have discovered that you are a big fan of adult websites. You love visiting porn websites and watching exciting videos while enduring an enormous amount of pleasure. Well, i have managed to record a number of your dirty scenes and montaged a few videos, which show how you masturbate and reach orgasms.

If you have doubts, I can make a few clicks of my mouse, and all your videos will be shared with your friends, colleagues, and relatives. Considering the specificity of the videos you like to watch (you perfectly know what I mean), it will cause a real catastrophe for you.

I also have no issue at all with making them available for public access (leaked and exposed all data).
General Data Protection Regulation (GDPR): Under the rules of the law, you face a heavy fine or arrest.
I guess you don't want that to happen.

Let's settle it this way:

You transfer $1693 USD to me and once the transfer is received, I will delete all this dirty stuff right away. After that, we will forget about each other. I also promise to deactivate and delete all the harmful software from your devices. Trust me. I keep my word.

That is a fair deal, and the price is relatively low, considering that I have been checking out your profile and traffic for some time by now. If you don't know how to purchase and transfer Bitcoin - you can use any modern search engine.

You need to send that amount here Bitcoin wallet:
bc1qudlsarr2yj33dfvax6nts5cgtsagnqct0wqgdc

(The price is not negotiable).
You have 2 days in order to make the payment from the moment you opened this email.

Do not try to find and destroy my virus! (All your data is already uploaded to a remote server).
Do not try to contact me. Various security services will not help you; formatting a disk or destroying a device will not help either, since your data is already on a remote server.

This is an APT Hacking Group. Don't be mad at me, everyone has their own work.
I will monitor your every move until I get paid.
If you keep your end of the agreement, you won't hear from me ever again.

Everything will be done fairly!
One more thing. Don't get caught in similar kinds of situations anymore in the future!
My advice: keep changing all your passwords frequently.

<


The Dormant Bitcoins of Mt.Gox Are in Motion. Is the Bottom Close?

The jig is up on crypto market. But the news tries to prove that this is not the end.

The decline in Bitcoin woke up many dormant wallets and one of them made a large transaction of 10,000 BTC on November 23rd. No one would have paid attention to this operation if the sender had not been a wallet associated with the previously closed and hacked BTC exchange Mt.Gox.

We will remind that this was the largest hack in history that was in 2014 and led to the loss of 744,408 BTC. Later in 2017 BTC exchange operator Alexander Vinnik was arrested in Greece on suspicion of stealing client funds and laundering assets stolen from Mt.Gox.

What happened?

The sender's wallet of 10,000 BTC has been dormant since 2017 and suddenly became active. 6500 coins went to an unidentified wallet and did not move further, and the second part of the amount of 3500 bitcoins was distributed in small transactions to various wallets. Below is a map of these movements.

According to market experts, 99% of the coins are currently on personal wallets outside of centralized exchanges and it is impossible to block them. Presumably, Alexander Vinnik and Alexei Bilyuchenko may be behind the movements. The first one is in the Santa Rita prison in California awaiting trial, and the second one is in the Russian Matrosskaya Tishina pre-trial detention center.

What is the point of this?

Well, the transaction went through, so what? What's up with ordinary users? Many traders believe that these events are part of a kind of market capitulation before a trend change.

What do you think? Is it time to buy or is it better to wait? Do you have your own strategy?


Here are the three biggest stories in crypto to look out for this coming week

Miami’s busiest week of the year is about to kick off as Art Basel gets underway.

Sam Bankman-Fried is set to appear at NYT’s DealBook summit this week, although it’s expected he’ll be dialing in virtually.

GBTC’s discount to NAV hit an all-time low last week, which will be something to watch as Genesis grapples with liquidity issues.

Here are the main stories and events to keep an eye on in the coming week.

Last week was relatively muted when compared with the previous week. However, things could heat up again after the holiday weekend in the U.S.

Art Basel kicks off in Miami

It's Miami's busiest week of the year. Art Basel is not just about the actual art. The week has taken on a tech and web3 vibe in the last few years. Whether you want to collect individualized NFTs, test out a decentralized ride-sharing application or do some good old-fashioned networking, The Block has got you covered. The MiamiWeb3 summit kicks off proceedings on Monday.

Sam's big day out

Janet Yellen, Mark Zuckerberg and Larry Fink are some of the big names set to speak at the New York Times' DealBook summit on Nov. 30. Sam Bankman-Fried is also on the list of speakers, alongside movie stars and national leaders, despite the collapse and subsequent bankruptcy filing by FTX and its related companies. Despite all that has followed.

Bankman-Fried took a breather from cryptic tweeting last week, but whatever he has to say for himself on Wednesday, even if virtually, is sure to be of interest to the thousands of customers and investors left looking for answers.

GBTC discount

Following the collapse of FTX, contagion has gripped crypto markets.

So-called Sam coins felt the heat as the exchange went under, but now one of the crypto market's most popular financial products is under pressure.

Grayscale's Bitcoin Trust — which offers bitcoin exposure through a fund structure — discount to NAV hit an all-time low of -45.2% last week. The fund's discount then showed signs of recovering, lifting off its lows throughout the week. However, it ended the week back above -40%.

Uncertainty over Grayscale's parent company, Digital Currency Group, which also owns troubled crypto lending firm Genesis Capital, is having a negative effect on GBTC.

In other GBTC-related news, the fund's issuer, Grayscale, alleged that the SEC harmed investors by rejecting its application to convert the fund to a spot bitcoin ETF. The SEC has until Dec. 9 to respond to the firm's petition.

https://preview.redd.it/g5gjcwzo6i2a1.jpg?width=715&format=pjpg&auto=webp&s=cb4c2ea8735d3364377e8677acba413f5adcad56


Proof Of Reserves: Why Binance іs launching a website dedicated to transparency

Binance announced on Friday that it is establishing a new proof of reserves (PoR) website to indicate that it holds client assets in full as a digital currency keeper.

Binance has Bitcoin reserves to start. Currently, the company’s BTC reserve ratio is 101%. This indicates that the cryptocurrency has sufficient supply to cover all user balances.

Users will be able to examine the website for greater openness regarding the company’s proof of reserves and the exchange’s reserve ratio in relation to client liabilities.

In the coming weeks, Binance, the world’s largest crypto exchange by trading volume, will introduce additional tokens and networks.

“Given recent events, it is logical that the community will need significantly more from cryptocurrency exchanges than is now required of traditional financial institutions,” TechCrunch cited Changpeng ‘CZ’ Zhao, founder and CEO of Binance, as saying in a statement.

Need for transparency: it all started after FTX crisis

The failure of FTX has prompted other cryptocurrency companies to promise greater transparency in an effort to boost trust. An estimated 1 million creditors have suffered damages of billions of dollars as a result of the collapse.

Binance and a number of other competitors have pushed proof of reserves as a solution. CZ stated that they are glad to offer this latest tool for users to verify their funds.

This move comes a few weeks after the collapse of the FTX cryptocurrency exchange. In the case of FTX, the company faced a severe liquidity gap. The exchange led by Sam Bankman-Fried ceased processing withdrawals because it could no longer meet investor and end-user demand.

Proof Of Reserves: a quick definition

A third party undertakes a proof of reserves, which aims to verify that the claimed holdings are in fact present. It could reveal where a client’s assets are and where they have been.

However, while proof of reserves could demonstrate to clients that their funds are still in their accounts and have not been lent out, this does not tell the whole story.

The issue, according to financial specialists, is that consumers are frequently unaware of important hazards, as proof of reserves is sometimes an inaccurate picture.

Binance said in a statement that users who wish to independently check their funds can copy the source code into a Python application and cross-reference it.

https://preview.redd.it/e8v2yuu9fh2a1.jpg?width=1200&format=pjpg&auto=webp&s=620425fe716cde2041733599baeeecc433f06e38