Crypto

More than $1 billion worth of Ether has been removed from centralized exchanges in 24 hours, leading to speculation about imminent price gains for Ethereum as supply shrinks on many trading venues. According to data shared by crypto analytics provider IntoTheBlock, $1.2 billion worth ETH was withdrawn from centralized exchanges on Sept. 16 to mark a new record in short-term outflows from exchanges. IntoTheBlock noted that Ether’s price rallied by 60% in the 30 days after $1 billion was pulled from centralized trading platforms in April. The net amount of $ETH leaving exchanges just hit a new record Over $1.2B worth of $ETH left centralized exchanges yesterday Last time $1B+ left CEXs, #Ethereum increased by 60% within 30 days pic.twitter.com/wfRuX11Rtk — IntoTheBlock (@intotheblock) Septem...

More than $1 billion worth of Ether has been removed from centralized exchanges in 24 hours, leading to speculation about imminent price gains for Ethereum as supply shrinks on many trading venues. According to data shared by crypto analytics provider IntoTheBlock, $1.2 billion worth ETH was withdrawn from centralized exchanges on Sept. 16 to mark a new record in short-term outflows from exchanges. IntoTheBlock noted that Ether’s price rallied by 60% in the 30 days after $1 billion was pulled from centralized trading platforms in April. The net amount of $ETH leaving exchanges just hit a new record Over $1.2B worth of $ETH left centralized exchanges yesterday Last time $1B+ left CEXs, #Ethereum increased by 60% within 30 days pic.twitter.com/wfRuX11Rtk — IntoTheBlock (@intotheblock) Septem...

Some U.S. Senators are ramping up the anti-crypto rhetoric again, urging federal agencies to take action against the illicit use of digital assets. Democrat Senator Maggie Hassan is the latest to raise concerns about the use of cryptocurrency as a means of payment for ransomware attacks. The Senate Homeland Security and Governmental Affairs Committee member sent a letter on Sept. 16 to several agencies including the Justice Department, the Department of Homeland Security, the Internal Revenue Service, the Securities and Exchange Commission, and the Treasury Department’s Financial Crimes Enforcement Network. In it, she aired her concerns citing a recent case in her home state of New Hampshire where $2.3 million was stolen in a cyber attack on the town of Peterborough before being converted ...

Some U.S. Senators are ramping up the anti-crypto rhetoric again, urging federal agencies to take action against the illicit use of digital assets. Democrat Senator Maggie Hassan is the latest to raise concerns about the use of cryptocurrency as a means of payment for ransomware attacks. The Senate Homeland Security and Governmental Affairs Committee member sent a letter on Sept. 16 to several agencies including the Justice Department, the Department of Homeland Security, the Internal Revenue Service, the Securities and Exchange Commission, and the Treasury Department’s Financial Crimes Enforcement Network. In it, she aired her concerns citing a recent case in her home state of New Hampshire where $2.3 million was stolen in a cyber attack on the town of Peterborough before being converted ...

More than 200 smart contracts have been listed on the Cardano blockchain explorer following the Alonzo upgrade on September 13 — but there’s a catch.  As of now, the smart contracts are in a timelock and cannot be used by developers until they’re released. Smart contracts have been a long-anticipated feature on Cardano since its launch in 2017 and the functionality was finally enabled with the recent Alonzo hard fork. Charles Hoskinson, the founder of Cardano and IOHK, said on September 17 that the DeFi space is “up for grabs,” now that Cardano supports smart contracts Hoskinson said that the winners of what he called the “second wave” of DeFi were going to have liquidity and interoperability, the ability to move multi-chain and cost predictability. “We need governance, we...

More than 200 smart contracts have been listed on the Cardano blockchain explorer following the Alonzo upgrade on September 13 — but there’s a catch.  As of now, the smart contracts are in a timelock and cannot be used by developers until they’re released. Smart contracts have been a long-anticipated feature on Cardano since its launch in 2017 and the functionality was finally enabled with the recent Alonzo hard fork. Charles Hoskinson, the founder of Cardano and IOHK, said on September 17 that the DeFi space is “up for grabs,” now that Cardano supports smart contracts Hoskinson said that the winners of what he called the “second wave” of DeFi were going to have liquidity and interoperability, the ability to move multi-chain and cost predictability. “We need governance, we...

Dan Markham, the creator of the seven-million subscriber What’s Inside YouTube channel, has traded his Tesla Roadster for a single nonfungible token (NFT). In a Sept. 15 video on his What’s Inside Family channel, Markham exchanged a blue Tesla Roadster — which he estimated could be worth “a quarter-million dollars pretty soon” — for a nonfungible token of a “positive porcupine.” The NFT was a creation of the VeeFriends project and owned by Eli Burton, the artist behind The Adventures of Starman graphic novel. I am incredibly grateful to @garyvee and the @veefriends community. I traded my vee friends NFT epic positive porcupine for my dream car, the original Starman Tesla roaster. This was only possible because of vee friends. I love you guys. Thank you https://t.co/9KCIWhcDkI pic.twitter.c...

A bronze depiction of legendary Bitcoin creator Satoshi Nakamoto is now on display for visitors to Graphisoft Park in Budapest.  In an unveiling ceremony on Sept. 16, András Győrfi, the co-founder of the statue project and editor of crypto news site Kripto Akademia, spoke to a crowd of journalists and Hungarian residents before revealing the shining face of Satoshi. The artwork shows the upper half of a figure with a featureless face wearing a hoodie with the Bitcoin (BTC) logo. Front of #StatueOfSatoshi pic.twitter.com/LvlDmtio1c — Disclose.tv (@disclosetv) September 16, 2021 “Whoever he or she was, Bitcoin creates value, and especially the technology behind Bitcoin, blockchain, creates value,” said Győrfi. Debreczeni Barnabás, CEO of Hungarian crypto exchange Shinrai, also spoke at ...

For the past 40 days, Ether (ETH) traded in a modest uptrend, respecting a narrow channel most of the time. The absolute leader of the smart contracts sector enjoyed a brief rally toward $4,000 in the first week of Sept., but a subsequent crash brought the price into the ascending channel. Ether price at Bitstamp in USD. Source: TradingView During this time, NFTs posted record-breaking transactions in August, clogging the Ethereum network and causing average transaction fees to surpass $40 in early September. Although NFT trading volume has continued to subside in September, new items continue to be minted every minute regardless of whether they’re being traded. On Sept.13, Cathie Wood, CEO of Ark Invest, a $58 billion north-American asset manager, commented that Ark aims for a 60% B...

Ransomware, malicious software that encrypts computers and keeps them “locked” until a ransom is paid, is the world’s fastest-growing cyber threat, according to Coinfirm. Recent attacks on critical national infrastructure, like the Colonial Pipeline incursion that crippled oil and gas deliveries for a week along the U.S. East Coast, have set off alarms. Ransom payments are almost always made in Bitcoin or other cryptocurrencies.  But while many were shaken by May’s Colonial Pipeline attack — the Biden administration issued new pipeline regulations in its aftermath — relatively few are aware of that drama’s final act: Using blockchain analysis, the FBI was was able to follow the ransom payments fund flow and recover about 85% of the Bitcoin paid to ransomware group DarkSide.  In f...

SushiSwap (SUSHI) prices crept higher on Sept. 16 following another day of gains for decentralized exchange (DEX) tokens. The SUSHI/USD exchange rate rose by 7.54%, or $1.14, to reach $16.31 for the first time since May 21. The pair’s upside move pushed its 24-hour adjusted timeframe profits up to 23%, making SUSHI the best-performing DEX token in the given period. For instance, UNI, the token representing the leading DEX Uniswap by market cap, jumped 6.23% against the U.S. dollar in the previous 24 hours. Meanwhile, PancakeSwap (CAKE) rose 2.5%, THORChain (RUNE) climbed circa 13%, and Curve (CRV) inched higher by over 4.5%. The performance of top DEX tokens in the previous 24 hours. Source: Messari Why is SushiSwap leading the DEX pack? Decentralized finance sector analyst Kris Kay ...