2022-08-10
So what happens if a malicious actor sends small amounts of tornado-linked addresses to sabotage people and get their addresses blacklisted? The tornado ban is one thing. Stablecoins pressured to restrict addresses carry more severe consequences.
CoinDesk
An anonymous Tornado Cash user sent ETH to high-profile crypto users, such as Jimmy Fallon and Brian Armstrong, from a sanctioned address, likely to troll them
2022-06-13
This bear market is tough. Not because how much crypto dropped, but the reputational consequences of the things that have blown up or gone insolvent. I personally am approaching this market with 2024 halving as the most likely recovery phase. Tightening mode for 2 yrs.
Bloomberg
Major cryptocurrencies are crashing: bitcoin drops by 17%+ to ~$23K, ether drops by 20%+ to ~$1.2K, and Solana drops 18%+ to ~$28
Bitcoin plunged to the lowest in about 18 months in Asia trading Monday as the impact of Friday's shock US inflation data continued to reverberate through global risk assets.
This bear market is tough. Not because how much crypto dropped, but the reputational consequences of the things that have blown up or gone insolvent. I personally am approaching this market with 2024 halving as the most likely recovery phase. Tightening mode for 2 yrs.
Celsius
DeFi lending platform Celsius pauses “all withdrawals, Swap, and transfers between accounts”, citing extreme market conditions
We are writing with a very important message for our community. — Due to extreme market conditions, today we are announcing that Celsius is pausing …
2022-05-10
Last year, Bitcoin bottomed out in July after consolidating between May and July. I definitely feel more fear and panic in the market this time around. So, I also feel there will be a lot of bottom shorters this time around when it starts turning around.
Bloomberg
A look at Do Kwon's algorithmic UST stablecoin, designed to trade at $1, after it fell as low as $0.60; CoinMarketCap says there are 18.5B UST in circulation
Algorithmic stablecoins, like their more “traditional” counterparts, are supposed to provide calm in the chaos of crypto.
Last year, Bitcoin bottomed out in July after consolidating between May and July. I definitely feel more fear and panic in the market this time around. So, I also feel there will be a lot of bottom shorters this time around when it starts turning around.
Bloomberg
Bitcoin fell ~10% to around $31,000, its lowest level since July 2021, as investors flee riskier investments; Ethereum, Solana, Avalanche, and others also fell
2022-02-09
Some brief thoughts on the U.S. seizure of $3.6 billion from the 2016 Bitfinex hack. It's not as simple as bullish or bearish for $BTC. Very brief thread. (1/4)
Washington Post
The US DOJ arrests two people in New York and seizes ~$3.6B worth of bitcoin allegedly stolen in a 2016 Bitfinex hack, its “largest financial seizure ever”
The Justice Department announced Tuesday it had seized more than $3.6 billion in bitcoin allegedly stolen as part …
2018-01-31
Samsung (Yes Samsung) has entered production phase of ASIC miners and mining equipment specialized for bitcoin and cryptocurrency mining. This is unprecedented. I believe this would provide Bitmain its first real competitor. https://twitter.com/...
CNBC
Samsung Electronics posts record Q4 profit of $14.15B driven by chip sales, while its mobile business saw a 3.2% YoY profit decline to ~$2.25B
- Samsung Electronics recorded an operating profit of about $14.15 billion for the December quarter — in line with guidance.
Samsung (Yes Samsung) has entered production phase of ASIC miners and mining equipment specialized for bitcoin and cryptocurrency mining. This is unprecedented. I believe this would provide Bitmain its first real competitor. https://twitter.com/...
TechCrunch
Samsung confirms it is manufacturing ASIC chips, which are used to mine cryptocurrencies; the ASIC industry is dominated by China's Bitmain and Canaan Creative
Fresh from toppling Intel as the planet's biggest seller of chipsets, Samsung has confirmed that it has begun manufacturing ASIC chips …
2018-01-11
In an official announcement, South Korean government reaffirms there will be NO TRADING BAN for #cryptocurrency market in the short term and NOTHING IS FINALIZED. A petition to fire the head of the Ministry of Justice over the #cryptocurrency trading fiasco filed. pic.twitter.com/tb5tDvIV2K
Reuters
South Korea says it is considering a ban on domestic cryptocurrency trading, as authorities raid local exchanges like Coinone, Bithumb for alleged tax evasion
2018-01-01
Monero lead dev FluffyPony spoke in January at Coinbase about privacy: “If we don't have financial privacy, there are bad things that can happen. You go to a local #Bitcoin exchange and next minute you're held up at knife point.” This happened. http://www.bbc.com/...
Financial Times