It’s All About Crypto Blog
Bitcoin Vanishes Amid Legal Battle
A recent Puerto Rico District Court order has once again raised the issue of cryptocurrency ownership. Here’s the story: Juan Carlos Reynoso, convicted of drug trafficking, was ordered to forfeit 119.65 BTC (stored at bc1q...dgac) to a government-controlled address (bc1q...er2h). But on the very day of the court order, the Bitcoins were moved - leaving the government empty-handed...
PAWS Token Alert
Today, Bybit launched a new token giveaway for PAWS via their Launchpool. Normally, such events aren’t particularly noteworthy, as Launchpools are quite common on various exchanges. However, there's a significant detail that deserves attention regarding PAWS's price. Orders for buying and selling PAWS are being accepted on Bybit in pre-market mode. The current rate is 0.00064 USDT...
If You Can’t Beat Crypto... Lead It
The OCC recently issued a news release allowing US banks to engage in cryptocurrency operations. This development was both expected and promising, following similar moves in other countries where major banks have been handling crypto transactions for some time. It's been frustrating to watch US banks lag behind, even going as far as blocking...
Betting on Governance: The Assets Defying Crypto's Fall
The crypto market keeps falling and falling. Many are waiting for a reversal, but those expectations haven't been met. Today, we witnessed yet another bottom. However, I noticed that some assets didn't follow the market's latest drop and actually performed quite well over the past 24 hours. It's interesting to see what makes them resilient to...
Ethereum's Academic Push: Science or Marketing?
The Ethereum Foundation offers an academic grants program targeting researchers in academia. This program raises interesting parallels with Cardano, a project known for its strict adherence to peer-reviewed research before implementing any changes. While Cardano's commitment to scientific validation often creates the illusion of inactivity (leading...
Stablecoin Risks
Are stablecoins safe to use? Are they really as stable as claimed? What incidents have occurred involving stablecoins, and what were the consequences for stablecoin holders? In this article, I’ll answer all these questions. While stablecoins are undoubtedly convenient assets, not fully understanding their associated risks can lead to significant losses...
Trump’s Bitcoin Reserve Plan: What It Means for Your Crypto
Remember back in November, when it became clear that Trump had been elected President of the United States, I wondered how he would fulfill his campaign promise to create a Bitcoin reserve. At the time, I wrote that I saw only three possible scenarios: > 1. Mine Bitcoin directly, which would require investing in ASIC miners or, alternatively, banning...
Tether Freezes 22M USDT on Garantex Exchange
Tether has frozen approximately 22 million USDT held on addresses belonging to the Garantex exchange. As a result, the exchange was forced to completely halt operations. While Garantex wasn't a particularly large exchange, it still had customers, and many of the tokens in the frozen addresses belonged to them. Tether has long been freezing tokens on addresses it considers "dirty."...
ETH stolen from Bybit has been entirely laundered
Bybit CEO Ben Zhou said that all ETH stolen from the exchange on February 25th have already changed hands. Notably, 83% of the funds were converted to bitcoins. In other words, the current owners of the stolen ETH are most likely unrelated to the original thieves. If one were to track the movement of these stolen funds, bitcoins would be...
Your Crypto Safety Starts with Two Simple Checks
The team behind SAFE - a multisig solution for Web3 that was notably used by the Bybit exchange - has published a guide on their website that starts with one crucial rule: "If you can’t verify it, don’t sign it." This comes in the wake of a recent hack where a significant amount of cryptocurrency was stolen from Bybit. This is indeed a...
