Archiv der Kategorie: Einzahlung

$65B Artificial Credit Line Uncovered between Alameda and FTX in Scandalous Court Filing

• A recent court filing revealed a $65 billion artificial credit line between Alameda and FTX.
• The filing included a deck detailing the current findings relative to FTX group funds, including an illustration of the FTX liquidation process and a code sample for the Alameda backdoor.
• The deck also confirmed the existence of a ‚god mode‘ by which a small group of individuals were able to move funds off the exchange.

The recent court filing in the FTX bankruptcy case has uncovered a startling revelation – a $65 billion artificial credit line between Alameda and FTX. The filing included a deck that detailed the current findings relative to FTX group funds, including an illustration of the FTX liquidation process and a code sample for the Alameda backdoor. This code sample allows for uncollateralized borrowing without any record, which is why authorities are calling it a “backdoor”.

The filing also confirmed the existence of a “god mode” by which a select group of individuals were able to move funds off the exchange. This was done by setting up a specific “account setting code” in the exchange’s codebase. Seven million standard customers’ access codes were set so that they could not borrow if their balances were zero. Market makers for the company, on the other hand, had credit limits of up to $150 million.

But the biggest shock to come out of this filing was the revelation that Alameda was exempt from auto-liquidation and was not required to post any real collateral for trades. This means that Alameda was able to trade using an artificial capital line that was 43,000% larger than the FTX market makers.

This has caused much outrage among the public, as it is seen as a massive case of fraud. According to the filing, this act alone would be one of the most significant examples of fraud in history. It is currently unclear what the outcome of this case will be, as the investigation is ongoing. However, it is certain that FTX will face some serious repercussions for their actions.

Ethereum Designer Rewarded with 10K ETH by Vitalik Buterin

Bullet Points:
• Ric Burton was compensated 10k ETH from Vitalik Buterin in 2016 for a month of work he did in 2014.
• Burton was introduced to Ethereum after hearing Buterin mention it in podcasts and decided to attend a talk given by Gavin Wood.
• After meeting Wood and Buterin, Burton was invited into the core Ethereum community and was “hooked”.

Ric Burton, a web3 designer, recently shared on Twitter the story of how he received 10,000 Ether (ETH) from Vitalik Buterin in 2016 as compensation for a month of work he did in 2014. Burton’s story began in 2014 when he heard Buterin mention “building a blockchain that he could run programs on” in various Bitcoin-related podcasts. This intrigued Burton, and after hearing about Ethereum two more times, he decided to attend a talk given by Gavin Wood. During the talk, Wood spoke about the importance of decentralization and the issues caused by Facebook controlling WhatsApp, Instagram, and the social web. After the talk, Wood invited Burton into the core Ethereum community and Burton decided to fly to the Bay Area to meet Buterin himself.

The two met up and discussed the Ethereum project, and Buterin offered to pay Burton for his help. Although Burton didn’t receive that payment in 2014, two years later, Buterin sent him an Ethereum transaction of 10,000 ETH as a thank you for his work. Burton was elated to receive the payment and shared his story on Twitter. This story serves as an example of the immense progress blockchain technology has made since its inception and how it is continuing to revolutionize the way businesses and individuals interact with one another.

Bitcoin Breaks $21,000 Mark, Market Cap Now At $403B

– Bitcoin has broken $21,000, with its market cap now at $403 billion.
– Over the past 24 hours, $245 million of shorts have been liquidated, while $255 million of Bitcoin was bought on spot markets.
– Positive anticipation and sentiment toward a Consumer Price Index announcement may have been contributing factors to Bitcoin’s price growth.

Bitcoin, the world’s leading cryptocurrency, has seen a tremendous rally in the past several days, breaking the $21,000 mark and showing no signs of slowing down. According to Coingecko data, BTC was valued at $21,083 at 12:59 a.m. UTC on Jan. 14, with its market cap now at $403 billion. This represents a 12% increase in value over the past 24 hours, leaving investors optimistic about the future of the asset.

The impressive growth of Bitcoin is further highlighted by the fact that over the past 24 hours, $245 million of shorts have been liquidated, while $255 million of Bitcoin were purchased on spot markets. This surge in demand appears to be driven by a lack of bad news, as well as the fading of major crises such as FTX’s collapse. Furthermore, the round number of $20,000 is thought to have acted as a psychological barrier, as investors may have been eager to break it.

Positive anticipation and sentiment towards a Consumer Price Index (CPI) announcement may also have been contributing factors to this growth. The entire crypto market, which Bitcoin tends to lead, was also up 8% over the last 24 hours, now boasting a market cap of $1.02 trillion. This outperforms the stock market, with the Dow Jones increasing by only 0.3%.

It is clear that Bitcoin’s growth has been nothing short of remarkable, and with the asset showing no signs of slowing down, it is likely that the crypto market will continue to see impressive gains in the near future. With such positive investor sentiment, it is possible that Bitcoin may even break the $22,000 mark in the coming days.

Turnaround Coming? Worst of Miner Capitulation Could Be Over

Bulletpoints:
1. The worst of miner capitulation could be over, according to CryptoSlate analysis.
2. The Hash Ribbon indicator chart indicates that a switch from negative to positive price momentum is expected.
3. Total supply of BTC currently held in miner wallets has hit roughly 1.8 million BTC.

The year 2022 was a difficult one for Bitcoin holders, with the price dropping by 75% from its all-time high (ATH). This was made even worse by the mining industry, which experienced a dramatic decline in stock prices, with some companies even declaring bankruptcy. However, the worst may be over, according to a recent analysis from CryptoSlate.

The Hash Ribbon indicator chart shows that when the 30-day moving average (MA) crosses the 60-day MA, a switch from negative to positive price momentum is expected. This is usually seen as a good buying opportunity, and it appears that the worst of miner capitulation is almost over as Bitcoin turns bullish and breaks out towards $19,000.

Glassnode data indicates that the total supply of Bitcoin currently held in miner wallets has hit roughly 1.8 million BTC. This is an important sign that the sell pressure from miners is abating, which could be a positive sign for the future of Bitcoin.

Overall, it appears that the worst of miner capitulation could be over. The Hash Ribbon indicator chart has suggested that a switch from negative to positive price momentum is likely, and the total supply of BTC held in miner wallets is also decreasing. This could be a sign that the market is ready to turn around, and that Bitcoin is on its way to a brighter future.

Bitcoin (BTC) Hash Ribbon Indicator Suggests Capitulation Has Ended

• The Bitcoin (BTC) Hash Ribbon indicator signals that the worst of miner capitulation may be over.
• A switch from negative to positive price momentum is expected when the 30-day moving average (MA) crosses the 60-day MA.
• Bitcoin (BTC) holders had a tough year in 2022, with mining stocks falling over 80%, and mining company bankruptcies solidifying the bear market.

The past year has been a tough one for Bitcoin (BTC) holders, with the cryptocurrency’s price down 75% from its all-time high (ATH). Mining stocks fell over 80%, and mining company bankruptcies solidified the bear market. However, the worst of miner capitulation might be over, according to CryptoSlate analysis.

The Bitcoin (BTC) Hash Ribbon indicator signals that the worst of miner capitulation may be over. This indicator chart indicates that when the 30-day moving average (MA) crosses the 60-day MA — switching from light-red to dark-red areas — the worst of miner capitulation is over. When this paradigm shift occurs, a switch from negative to positive price momentum is expected, which historically reveals good buying opportunities (switching from dark-red back to white).

The total supply of BTC currently held in miner wallets has hit roughly 1.8 million BTC, signifying that miner capitulation is decreasing. This is a good sign for the future of the cryptocurrency, as it means that miners aren’t selling their coins at a rapid pace.

The Hash Ribbon indicator is suggestive that the worst of miner capitulation is almost over as BTC turns bullish and breaks out towards $19,000, according to Glassnode data in the chart above analyzed by CryptoSlate. As the indicator chart suggests, this could be a good time to buy BTC as the market bottom may have already passed.

In conclusion, the data is suggestive that the worst of miner capitulation is almost over. With the Hash Ribbon indicator signaling a switch from negative to positive price momentum, and the total supply of BTC held by miners decreasing, this could be a good time to invest in Bitcoin (BTC).

Meld Denies Accusations of Insider Trading Following On-Chain Analysis

• Meld, a „DeFi, non-custodial, banking protocol“ has denied accusations of insider trading stemming from on-chain analysis from TapTools.
• TapTools had identified a series of large token sales worth 1.24 million ADA, or about $405,000 at today’s price, and two associated addresses that had sold but never bought MELD tokens.
• Meld clarified that the address belongs to a private sale token holder, and that no staff were involved or had benefited from the token sales.

Meld, a decentralized finance, non-custodial banking protocol, has denied accusations of insider trading. The accusations were brought up after on-chain analysis conducted by TapTools, a blockchain analytics tool, revealed a series of large token sales.

TapTools had identified an address responsible for selling tokens worth 1.24 million ADA, or about $405,000 at today’s price. It was also noted that since September 2022, the address has been credited monthly with between three and seven million MELD tokens. Furthermore, two associated addresses were discovered to have sold but never bought MELD tokens; these token sales totaled just over one million ADA, or approximately $340,000 at today’s price.

TapTools asked, „where did the tokens come from?“, while speculating that the address was controlled by an insider. In response, Meld released a statement clarifying that the address in question belonged to a private sale token holder, and that they had no control over the actions of token holders. Additionally, Meld denied the suggestions that staff members were involved in or had benefited from the token sales.

Meld went on to emphasize its commitment to transparency, stating that all of its token sales were conducted in accordance with the Cardano protocol. The protocol requires all token sales to be conducted with full transparency, and Meld has complied with this. Furthermore, Meld reiterated its commitment to ensuring the highest standards of fairness and compliance are maintained in all of its activities.

The news of the accusations of insider trading, and the ensuing response from Meld, has caused a stir in the Cardano community. Many have expressed their concern about the alleged activities, and have called for greater transparency from the protocol. It is yet to be seen how the community will respond to the statement from Meld, and whether or not it will be accepted.

Beware of Address Poisoning: New Crypto Scam Exploits Carelessness

• MetaMask recently warned of a new type of scam called “address poisoning.”
• The scam works by exploiting users’ carelessness and haste when copying and pasting wallet addresses.
• Scammers use “vanity” address generators to create addresses that look similar to the intended address, causing users to unknowingly send funds to the wrong address.

MetaMask recently released a warning to the crypto community of a new type of scam called “address poisoning.” This scam is rated as “rather innocuous compared to other scam types” but still has the potential to dupe unsuspecting users into losing funds.

Address poisoning centers on wallet addresses being long hexadecimal numbers that are difficult to remember and easy to mistake for other, similar addresses. Crypto addresses are often shortened to show the first few characters, a blank, and then the last few. Scammers exploit the tendency to trust the familiarity of the first and last few characters.

When transacting, the usual routine consists of copying and pasting an address. Most wallet providers, including MetaMask, feature a one-click function to copy an address. Address poisoning exploits users’ inattention at this point in the transaction process. Specifically, scammers observe and track transactions of particular tokens, with stablecoins commonly targeted. Then, using a “vanity” address generator, the scammer will create an address that looks similar to the intended address.

Since the address is similar, users can easily assume that the address is correct and mistakenly send funds to the wrong address. This is why it is essential to double-check and triple-check wallet addresses before sending funds. MetaMask also recommends users verify wallet addresses with the recipient to ensure they are sending funds to the correct address.

To protect against address poisoning, MetaMask recommends users pay extra attention when copying and pasting wallet addresses. Users should also enable address verification to confirm the address is correct before sending funds. And finally, users should always double-check the first and last few characters of the address to make sure they match.

In conclusion, address poisoning is a scam that relies on users’ inattention and haste when transacting. To protect their funds, users should take extra care to verify wallet addresses with the recipient before sending funds.

FTX Recovery: Bullish Sentiment for Return of Funds to Customers

• Sam Bankman-Fried confirmed that there is still potential for FTX to recover and return funds to customers.
• Selling FTX as a functioning business is the best recovery scenario for customers.
• The bullish sentiment toward an FTX recovery appears to be playing out in the price of the FTX token, FTT, which is up 45% over the past 48 hours.

Sam Bankman-Fried, the founder of FTX, recently confirmed that he still believes there is a future for FTX in a tweet. In his tweet, he agreed with Twitter user WassieLawyer who said that a sale of the FTX exchange as a going concern is viable and they were “bullish on recovery” in relation to FTX. Bankman-Fried said that this is and always has been the best recovery scenario for customers. He also referenced the ongoing argument that FTX.US should be able to return funds to customers as it was allegedly solvent at the time of the Chapter 11 filing.

FTX.US was absorbed into the bankruptcy proceedings of the FTX group despite Sam Bankman-Fried’s claims that the platform was solvent and should not have been included in the insolvency proceedings. The recovery potential of FTX appears to be playing out in the price of the FTX token, FTT, which has nearly doubled, while Bitcoin is up roughly 11% in 2023. Attorneys working on the FTX bankruptcy recently confirmed that $5 billion had been recovered.

However, the only entities that can receive payments from FTX are those involved in the bankruptcy proceedings. This means that customers of FTX are still unable to recoup their funds, but the positive sentiment surrounding the potential for recovery is a good sign for the future. The possibility of a full recovery for FTX customers is something that Bankman-Fried and the FTX team are hoping for, and it is something that investors are optimistic about as well.

If the FTX team is successful in selling the exchange as a going concern and returning funds to customers, it could be a huge win for the crypto community. This would show that even in the face of bankruptcy, a company can still make a comeback and prove that crypto assets are a viable investment option. It would also prove that the crypto industry is resilient and can bounce back from adversity.

Only time will tell if FTX is able to recover and return funds to customers, but the bullish sentiment and potential for recovery is something that investors should keep an eye on.

$120M Bitcoin Withdrawn From Exchanges: Crypto Investors Favor Self-Custody

• Roughly $120 million worth of Bitcoin (BTC) was withdrawn from crypto exchanges on Jan. 10.
• Binance saw $50 million of the withdrawals, while Coinbase saw $30 million.
• Crypto investors have favored self-custody, as Bitcoin balances on exchanges declined and illiquid supply in cold or hot storage wallets passed 15 million coins.

On January 10th, a significant amount of Bitcoin (BTC) was withdrawn from crypto exchanges across the world. According to Glassnode’s data, the total withdrawal was estimated to be around $120 million. Of this amount, Binance saw $50 million of the withdrawals, while Coinbase saw $30 million.

These numbers are significant in the context of the decline of Bitcoin balances on exchanges over the past few months. This decline was first seen when FTX, a crypto derivatives exchange, collapsed late last year. As a result, Binance saw over $600 million BTC withdrawn from its reserve in a single day, while Coinbase saw BTC withdrawals of roughly $3.5 billion in November.

These withdrawals are indicative of the increasing trend of crypto investors favoring self-custody over exchange custody. This is because self-custody is considered to be safer than storing funds on exchanges. Thus, as a result of these withdrawals, Bitcoin’s illiquid supply in cold or hot storage wallets has also passed 15 million coins.

However, self-custody is not without its risks. Recently, a Bitcoin core developer lost more than 216 BTC to a compromise while attempting to self-custody his funds. This incident serves as a reminder that no matter the security measures one takes, there is always a risk associated with self-custody.

In conclusion, the withdrawal of $120 million worth of Bitcoin from crypto exchanges on January 10th serves as a reminder of the ever-growing trend of crypto investors favoring self-custody over exchange custody. Despite the risks associated with self-custody, the amount of Bitcoin stored in cold or hot storage wallets has passed 15 million coins, indicating that many investors do favor self-custody for the added security it offers.

Crypto Markets See Positive Gains: Bitcoin Up 1%, XRP Leads with 3.7% Increase

• Cryptocurrency market cap saw net inflows of $5.61 billion over the last 24 hours and currently stands at $857.72 billion.
• Bitcoin’s market cap increased by 1% to $335.83 billion while Ethereum’s market cap grew 0.4% to $163.4 billion.
• XRP leads the pack with 3.7% gains while Cardano brings up the rear, recording a 1% loss in value.

The cryptocurrency markets have seen significant activity over the last 24 hours, with the market cap increasing by 0.7%, up to $857.72 billion. This marks a net increase of $5.61 billion since yesterday. Bitcoin’s market cap has also seen a 1% increase, reaching $335.83 billion, while Ethereum’s market cap has grown 0.4%, now sitting at $163.4 billion.

The top 10 cryptocurrencies by market cap have seen a mixed performance over the last 24 hours. XRP has seen the greatest increase in value, with a 3.7% increase and is currently sitting at $0.37. Cardano, on the other hand, has seen a 1% decrease and is trading at $0.33.

Tether (USDT) and BinanceUSD (BUSD) have both seen increases in market cap, with USDT now sitting at $66.28 billion and BUSD at $16.42 billion. USD Coin (USDC) has seen a slight decrease in market cap, now sitting at $43.8 billion.

Looking at Bitcoin, the leading cryptocurrency has grown 1% over the last 24 hours, now trading at $17,438 as of 07:00 ET. Its market dominance has also seen a slight increase, now sitting at 39.2%. The peak price of Bitcoin was seen on Tuesday evening (ET), where it reached $17,510 before the ensuing drawdown found support at $17,367.

Ethereum has also seen modest growth, with a 0.4% increase in value over the last 24 hours, trading at $1,335 as of 07:00 ET. Its market dominance has remained steady at 19.1%. ETH recorded a peak price of $1,348 on Tuesday evening, before dropping back down to its current price.

Overall, the cryptocurrency markets have seen positive gains over the last 24 hours, with the market cap increasing by 0.7% and the top 10 cryptocurrencies posting mixed performance. Bitcoin has seen a 1% increase in market cap, while Ethereum has seen a 0.4% increase. XRP has seen the greatest increase in value, with 3.7%, while Cardano has seen a 1% decrease. Tether and BinanceUSD have both seen increases in market cap, while USD Coin has seen a slight decrease.