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Topics - Etrilicious

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1
By CCN: Binance, the No. 1 cryptocurrency exchange based on trading volume, has been hacked. Changpeng “CZ” Zhao, who is at the helm of the exchange, made the announcement on Twitter after previously sharing that “unscheduled server maintanance” was unfolding.

As it turns out, it was much worse than imagined, with hackers making away with 7,000 bitcoins, which at the current BTC price is worth approximately $40 million. The funds were stolen from Binance’s hot wallet, which was comprised of 2% of the exchange’s bitcoin holdings.

Binance issued the following statement:

“We have discovered a large scale security breach today, May 7, 2019 at 17:15:24. Hackers were able to obtain a large number of user API keys, 2FA codes, and potentially other info. The hackers used a variety of techniques, including phishing, viruses and other attacks. We are still concluding all possible methods used. There may also be additional affected accounts that have not been identified yet.”

Binance says all of its other wallets are “safe and secure.”

2
Binance issued the following statement:

“We have discovered a large scale security breach today, May 7, 2019 at 17:15:24. Hackers were able to obtain a large number of user API keys, 2FA codes, and potentially other info. The hackers used a variety of techniques, including phishing, viruses and other attacks. We are still concluding all possible methods used. There may also be additional affected accounts that have not been identified yet.”

The strong binance got a big hit today, worth $40m, 7000 btc stolen to hot wallets.
This hackers are smart. Do you think it was just an outside job or inside job was involved.

3
Is there a way to get a file i deleted from recycle bin from a year ago.
Recommend paid or free. I would like to try the free first before i consider paying.

Thanks in advance.

4
Do you miss the #bulls? ⬆⬆⬆
OR
Do you think the #bear market is still continuing? ⬇⬇⬇
Or
why should you care when we are hitting home run despite the market stance? 🎯

5
Do you think this is bad for crypto or one of the reasons why most big countries are afraid to adopt bitcoin or cryptocurrency. Due to the fact that is might be involved in illegal activities.
I quote
“By CCN.com: Bitcoin played a role in staging the Easter Sunday suicide bombing in Sri Lanka that killed 253 civilians, according to Israeli blockchain intelligence firm Whitestream.”

“CoinPayments admits that their wallet was involved but denied that it is connected to ISIS,” Whitestream told Globes. “It’s possible that the company is not aware of the usage of their wallets, perhaps because ISIS uses straw companies [to] transfer the money.”

Is it possible to avoid this for future sake? Or no solution. This is a big problem.

Link
https://www.ccn.com/isis-bitcoin-fund-sri-lanka-easter-bombings

6
Just wondering if i made the right choice. My girlfriend is older than me with 5years and is or was constantly asking for marriage. So i called it off that am not ready. Just wondering if i did the right thing.
Any experience you had?.

7
So i was holding coin going to a year now. And i left crypto for a while on getting back, i couldn’t access my wallet because the team did an upgrade and old wallet was washed out.
Yes! Coin cant be transferred to personal wallet.
I lost my coin.

Is it that this team do this for people to lose token or what, because holding numerous coins and keeping up with the update is exhausting.
How do you do it? Keep up.

8
The question have been asked for a long time... who is Satoshi that nobody knows, who founded bitcoin..
Craig Wright have come out to say he founded bitcoin, while Binance CEO Changpeng Zhao is saying the real Satoshi can digitally sign any message to prove it. This is as simple as breathing for him/her. And we have the pub key.
This isnt the first time.
What do you think?
 If hes satoshi does he really need all this drama?

For more read up: https://www.ccn.com/craig-wright-is-a-fraud-binance-chief-changeng-zhao-slams-not-satoshi

9
Following last week’s threat to do so, Binance has officially announced that Bitcoin SV will no longer trade on its popular platform as of April 22nd. Withdrawals must be made from the platform by July 22nd, according to an official post.

The reasons cited by Binance are “officious” in nature, but the community is fully aware this is related to Chenpeng Zhao’s annoyance at the antics of Craig Wright and Calvin Ayre, the most notable proponents of Bitcoin SV. Officially, the exchange lists several possible factors:

Commitment of team to project
• Level and quality of development activity
• Network / smart contract stability
• Level of public communication
• Responsiveness to our periodic due diligence requests
• Evidence of unethical / fraudulent conduct
• Contribution to a healthy and sustainable crypto ecosystem
The last part is probably where Craig Wright’s wild west-style pursuit of the identity of @Hodlonaut fails the most. Some on Twitter have pointed out that Calvin Ayre and Craig Wright’s antics on the social network amount to unethical behavior. In a concise tweet, this user identified the ways that Bitcoin SV personalities have violated Binance’s code of conduct

SHAPESHIFT DELISTS BSV – KRAKEN NEXT?
ShapeShift.io’s Erik Voorhees has also announced that his instant coin exchange will no longer support Bitcoin SV effective within 48 hours of the post (so in less than two days.)

Kraken also left New York in 2015, and the exchange is currently polling as to whether it should delist Bitcoin SV in solidarity with @hodlonaut and Binance. Thus far the “yes” option has received over 70% support
The poll is not limited to Kraken users, unfortunately, making it a decidedly less accurate measure to use in decision making. However, the volume of Bitcoin SV across exchanges is statistically insignificant by comparison to several other cryptocurrencies, therefore the perceived lost revenue will be offset by the boost to optics. Overwhelmingly, Crypto Twitter wants justice for @Hodlonaut, and delisting is seen as a means of free market justice.

OTHER EXCHANGES, INCLUDING HUOBI AND OKEX, FEEL THE PRESSURE

Looking at other major markets who list BSV, their recent tweets are flooded with calls to delist BSV as well. Huobi, a long-time leader in crypto exchanges, is no exception. Seemingly, its recent tweets are more popular as a result.
https://www.ccn.com/binance-and-shapeshift-delistbsv-kraken-and-others-under-pressure

10
I know what bitcoin or cryptocurrency is but to explain to someone that have no knowledge or understanding what it is.
Do one start from what bitcoin is or start by getting a wallet or reading whitepaper?
Cryptocurrency is indeed a complicated space, how do one simplify it. To attract.

11
Singapore authorities have charged two men for promoting cryptocurrency multi-level marketing (MLM) scheme OneCoin in the first case of its kind for the city state, local daily news outlet Business Times reported on April 10.
The two men, who were not named, reportedly engaged in activities involving incorporating a subsidiary to promote OneCoin, as well as signing up new members and taking investments in return for education courses and OneCoin tokens.
The case is the latest to afflict OneCoin, which had managed to operate for several years and accrue giant investments before its two Bulgarian founders were indicted by United States law enforcement in March.

"The promotional tokens could be used to 'mine' for OneCoins,” Business Times quotes a statement from the Commercial Affairs Department of the Singapore Police Force as reading. It continues:
“Participants who brought in new participants were also entitled to overriding commissions in contravention of the Multi-Level Marketing and Pyramid Selling (Prohibition) Act.”
Singapore’s central bank, the Monetary Authority of Singapore (MAS), had previously inserted OneCoin on its Investor Alert List, a directory of entities that it believes to be misleading the public.

Various governments worldwide have issued warnings against OneCoin, advising consumers not to interact with any agent associated with the scheme.
One of the two founders, Ruja Ignatova, remains at large following the U.S. indictment.

12
The International Monetary Fund (IMF) and the World Bank have jointly launched a private blockchain and a so-dubbed quasi-cryptocurrency, the Financial Times (FT) reports on April 12.
According to the newspaper, the asset called “Learning Coin” will be accessible only within the IMF and World Bank.
The coin has no money value and thus is not a real cryptocurrency, the FT underlines.
As the FT has learned, “Learning Coin” was launched in order to better understand the technologies that underlie crypto assets. Its app will serve as a hub where blogs, research, videos and presentations are stored.
During the test, the World Bank and IMF staff will earn coins for achieving certain educational milestones. The institutions will allow them to redeem the assets gained for some rewards, which will allow them to learn how coins can be used in real life.
Per the IMF, the banks and regulators across the world have to catch up with crypto technologies that are rapidly developing. The FT quotes the IMF as saying:

“The development of crypto-assets and distributed ledger technology is evolving rapidly, as is the amount of information (both neutral and vested) surrounding it. This is forcing central banks, regulators and financial institutions to recognize a growing knowledge gap between the legislators, policymakers, economists and the technology.”

Moreover, after the test, the World Bank and IMF reportedly might use blockchain to launch smart contracts, combat money laundering and enhance the overall level of transparency.
Earlier in April, IMF managing director Christine Lagarde said that blockchain innovators are shaking up the traditional financial world and have a clear impact on incumbent players. She also noted that the potential of blockchain-based technologies and assets is embraced by regulators and central banks, who recognize its positive effect.
Meanwhile, a World Bank official expressed a more skeptical point of view. According to Aanchal Anand, a Land Administration Specialist in the bank’s Global Land and Geospatial Unit, there is too much hype over blockchain, which causes unrealistic expectations.

13
CCN previously reported on a disturbing discovery by a security researcher who had a problem with Sistemkoin exchange. He found that he was able to spy on other people’s support tickets, and more to the point that most of the support tickets were related to withdrawal troubles. CCN didn’t hear back about that story at the time, but you can see Sistemkoin’s comments near the end of this article.

USER CLAIMS FUNDS WERE SENT TO COMPLETELY WRONG ADDRESS

Sistemkoin is a medium-sized Turkish crypto exchange. At the present time, they have a volume of more than $150 million. We received a report from a Sistemkoin user, who will remain anonymous, who had a severe problem when withdrawing funds from Sistemkoin: they went to the wrong address.

Our source says that he used two-factor authentication to make the withdrawal and even verified the withdrawal address via e-mail, as shown below:

However, when the withdrawal was processed, it went to a different address altogether: 0x18cbb649154917b94216c4059152506cb5712758. The transaction should have been sent to 0xa5b456cc24e03ada01403fcff9f7be048c074cdc. We can see by checking the blockchain that this address never received a transfer in the amount of 12.63~ Ether. However, around the same time, the other address did.

EXCHANGE HAS AN ANSWER FOR EVERYTHING

The same address has received numerous transactions, amounting to about 75 Ether over the last four months. Many of the transfers have come from Sistemkoin – 0x5bcbf9f3ef9521a548e7e8b697ecfe29fc2933e1 being the address they apparently process withdrawals from. Some have come from Binance. But they invariably are immediately sent to CREX24, a little known exchange.

We tried to get a comment from CREX24 to no avail. Here is how our correspondence went:

CCN:

“We are doing a story about someone whose Ethereum withdrawal from Sistemkoin was hijacked and wound up on your exchange. We would like to get a comment or other information about the user. Here are the transaction details.”

Hello,
What is your account email?
Please specify the issue,thanks.”

CCN:

“As I said in the original e-mail, this is a press inquiry. We are fielding a story from someone who believes their withdrawal from Sistemkoin was fraudulently sent to your exchange. The transaction ID was 0xc1bbd637a2f199837462b8bb039866e314700d1b575aa7d16410ef5d7f25cbe8 . We are looking for comment or possibly for you to reveal who received that deposit, especially if it was a proprietor of the Sistemkoin exchange. As you know, handling stolen funds can be considered money laundering in most jurisdictions, so we are doing you a favor by alerting you.”

CREX24:

“Hello,
Are you from the coin team?
If not we do not investigate the third party claims.
Thanks. ”

As you can see in the below image, the transfer shows in the user’s account as processed:


CCN was also tipped off to another user who’d experienced the same issue, only with about 17 Dash instead of 12+ Ether
Continue here... https://www.ccn.com/bitcoin-trader-claims-funds-misdirected-crypto-exchange-screams-scammer

14
Following months of speculation about its proposed release date, Japan’s largest bank, Mitsubishi UFJ Financial Group Inc. has finally announced plans to launch its long-awaited in-house digital currency.

Japan Times reports that Group President, Mike Kanetsugu revealed this week that the firm intends to rollout Coin before the end of 2019.

According to Kanetsugu, MUFJ will lean on businesses including retail outlets and restaurants to adopt Coin, with the intention of achieving wider adoption, resulting in “connected economic blocs.” He also revealed that Coin will enable the various participating business to find out previously unavailable information about their customer bases, in order to serve them better.

WHAT IS THE POINT OF ‘COIN’?

MUFJ which is currently the 5th largest bank in the world in 2018 announced its plan to launch a digital currency this year to solve a number of operational issues affecting the firm. The rationale behind the development and launch was that the expense involved in procuring, storing and transporting physical coins and banknotes was becoming unsustainable in Japan’s notoriously cash-dependent economy.

It will be recalled that in February, CCN reported that JP Morgan launched its own digital currency dubbed ‘JPM Coin”  for the purpose of settling more than $6 trillion worth of daily payments between clients.


Unlike JPM Coin, Coin has the much grander intention of fundamentally changing how Japanese consumers interact with money. Speaking at the launch, Kanetsugu expressed his full confidence in the digital currency’s ability to achieve what it set out to do in a crowded field

In what is becoming a theme in Japan as the country seeks to modify consumer habits away from cash ahead of the Tokyo 2020 Olympics, MUFJ decided that digital currencies represented a way to cut the costs associated with physical currencies and incorporate a number of new functions and benefits. Kanetsugu believes that the sheer weight of MUFJ’s financial infrastructure will be enough to persuade businesses to adopt Coin.

INTERESTING EXPERIMENT OR DOOMED TO FAIL?

Beginning in September 2018, the bank launched a Coin test run at an employee-only convenience store which turned out successful. The financial behemoth has previously indicated that Coin will have ‘instantaneous transfer capabilities’ as well as the ability to process micropayments in decimal value increments.

In addition to its unique functionality as a bank-backed digital currency, Coin will also be integrated with MUFJ’s new mobile application which will permit users to manage all of their credit cards in one place. The smartphone app will also allow users manage their reward points services as well as perform a variety of other managerial functions and is expected to be released by the end of June 2019.

According to Kanetsugu, MUFG’s rollout of Coin is in line with its aim of building “an organization that is relied on and trusted globally and represents innovation.” While on the surface, digital currency adoption bears out this sentiment, it is also key to note that MUFG is by no means the first major financial institution to at least examine the possibility of launching an in-house digital currency token.

CCN has reported extensively on the plethora of Central Bank Digital Currencies (CBDC) currently under consideration or in development. Thus far, despite an outpouring of optimism and promise, the world is yet to see a successfully mainstreamed digital currency operating with the full support of the existing financial system and regulators. This is particularly emphasized by the daunting reality of Japan’s cash-heavy corporate and consumer culture which even the government is struggling to make a dent in.

The jury remains very much out on whether Coin will be a success or not, but if anyone were to attempt this experiment in the world’s third largest economy, it should probably be its largest bank. The eyes of the world no doubt are on Japan as the story unfolds.

15
Crypto Discussion / Will the Bull run 2019? Or not?
« on: April 13, 2019, 11:21:24 AM »
To me the market is favourable and we are seeing few green here and there, but am guessing a full bull run where bitcoin will go 100% increase in 2019 wont happen, but rather a steady increase and recovery of loss (altcoin).

What you think? Market will go back as 2017?

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