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Showing posts from February, 2024

Bitcoin Realized Cap Sets All-Time High, Price Next?

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On-chain data shows the Bitcoin Realized Cap has set a new all-time high (ATH) with the latest rally in the cryptocurrency’s price. Bitcoin Realized Cap Has Just Achieved A New High As CryptoQuant founder and CEO Ki Young Ju explained in a post on X, the Bitcoin Realized Cap has set a new record. The “ Realized Cap ” is an indicator that, in simple terms, tells us about the total amount of investment that the investors have put into the cryptocurrency. This capitalization model is different from the usual market cap, which calculates the asset’s total valuation by equating each coin’s price in the circulating price to the current spot value. The Realized Cap instead sets the value of each coin to be the same as the spot price at the time of its last movement. The logic behind this is that the last transfer was probably the last time the coin changed hands, and so the price at its time would be its current cost basis. Thus, the sum of the cost basis for the entire supply would cor

Issue with constructing a correct Schnorr Signature for a Taproot transaction

I'm experimenting with creating and sending Taproot transactions programmatically and encountered an issue with the Schnorr signature. I'm trying to send simple transaction with one V1_P2TR input and one V1_P2TR output, using what I understand to be a key path spend approach, without any scripts. However, when I attempt to send the transaction, my node rejects it with the error: mandatory-script-verify-flag-failed (Invalid Schnorr signature) I'm using the following dependencies in my Rust project: bitcoin = { version = "0.30.1", features = ["rand"] } ord-bitcoincore-rpc = "0.17.1" # (a forked version of bitcoincore-rpc, though I believe this detail is not crucial to the issue). Here's the relevant part of my code: fn create_and_send_tmp_tx(client: &Client, utxo: &ListUnspentResultEntry, fee_rate: f64, key_pair: &UntweakedKeyPair, address_to: &Address) -> Result<Txid> { let secp256k1 = Secp256k1::new();

Binance Recovers $4.4 Billion In Digital Assets For Users Who Mishandled Deposits

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Binance, the world’s largest cryptocurrency exchange by trading volume, announced the recovery of $4.4 billion in digital assets for users who experienced mishandled deposits over the past two years. Binance Cases Of Mishandled Funds Resolved It’s worth noting that mishandled funds can occur for various reasons, including wallet address errors, deposits of incompatible tokens, and complications from blockchain upgrades. In this regard, Bloomberg reports that Binance successfully resolved a significant 381,616 cases in 2022 and 2023, ensuring that cryptocurrency deposited by users was accurately credited to their accounts. These initiatives come at a pivotal time for the exchange, as it transforms its guilty plea last year to US charges of anti-money laundering (AML) and alleged sanctions violations .  While approving the plea deal, which includes a $4.3 billion fine , the district judge presiding over the case recently highlighted Binance’s responsibility in safeguarding partici

Binance Unveils VIP Program Tailored For Non-Crypto Traders, Offering Special Benefits

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As Binance faces increasing competition and regulatory challenges in the crypto space, to expand its user base, the world’s largest cryptocurrency exchange by trading volume has announced the launch of a new VIP program targeting traders from traditional markets. According to a Bloomberg report , the initiative aims to attract new users by allowing them to apply for VIP status based on their aggregated trading volume of cryptocurrencies and traditional assets from external trading venues. Binance Targets Traditional Traders With New Program Per the report, the exchange calls this new play a strategic push to lure traders from traditional markets, many of whom have recently withdrawn from cryptocurrencies due to regulatory uncertainty. Traditionally, Binance required users to achieve a minimum aggregated monthly trading volume of $1 million solely on their platform to qualify for VIP status.  However, under the new program, new users can combine their aggregated monthly trading vo

Bitcoin “Newbie Whales” Now Hold Unprecedented $7.3 Billion Profit

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On-chain data shows the newbie Bitcoin whales hold an all-time high amount of unrealized profit following the latest rally in the asset to $60,000. Bitcoin Short-Term Holder Whales Currently Carry All-Time High Profit As explained by CryptoQuant founder and CEO Ki Young Ju in a new post on X, the profits of the newbie whales have hit unprecedented levels. The “newbie whales” here refer to the Bitcoin whales belonging to the “ short-term holder ” (STH) cohort. The STHs include all the BTC investors who bought their coins within the past 155 days. Given this relatively small timeframe, the STHs are considered the newbie hands of the market. The whales are defined as entities that are currently carrying at least 1,000 BTC in their wallets. Naturally, wallets associated with miners and centralized exchanges are excluded from this group as they don’t correspond to “normal” investors. The STH whales, thus, would be holders who have been holding 1,000 BTC or more since less than 155 day

Recover lost bitcoin sent to wrong wallet or scam

In the ever-evolving world of cryptocurrencies, losing Bitcoin can be a distressing and very common occurrence. Whether due to human error, technical complications, or cyber attacks, thedisappearance of valuable digital assets can leave people feeling helpless and discouraged. However, an innovative solution has emerged amidst the challenges: A1 wizard  hackes. This article delves into the remarkable story of Bitcoin's loss and the transformative power of A1 wizard hackes in its successful recovery. By exploring the complexities of Bitcoin loss, understanding the innovative recovery process, and sharing a compelling success story, we aim to shed light on the effectiveness of A1 wizard Hackes and restore faith in the security and potential of cryptocurrencies.You can simply send an em-ail or W h a t s a pEm-ail: A1wizardhackes ( @ ) cyberservices . com W h a t s a p  : + 1 6 7 8 4 3 9 9 7 6 0 from Recent Questions - Bitcoin Stack Exchange https://ift.tt/JajBex8 via IFTTT

VanEck Expands Offerings: Unveils NFT Marketplace And Crypto Platform SegMint

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Global asset manager VanEck has recently made significant strides into the crypto industry by launching its spot Bitcoin Exchange Traded Fund (ETF) called “HODL.” Building on this success, VanEck has unveiled its latest venture, SegMint, a non-fungible token (NFT) marketplace and digital asset platform. According to Wednesday’s announcement , SegMint aims to simplify the management of self-custodied assets by introducing the “Lock & Key Model” feature, which addresses shared ownership and access in today’s digital age. ‘Democratizing’ Digital Asset Management?  The asset manager said that with the increasing prevalence of self-custody in the digital asset space, the need for streamlined methods of sharing ownership and access has become apparent. With this in mind, VanEck’s SegMint introduces the Lock & Key model, an “easy-to-use” solution that allows individuals to “securely” share their assets while maintaining control. Matt Bartlett, founder of SegMint, said of this fea

NFT Market Resurgence: Investors And Creators Rekindle Interest In Digital Assets: Report

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After taking a major hit in the cryptocurrency market through 2022 and 2023, the non-fungible token (NFT) sector is attempting to make a notable comeback, following the overall digital asset realm uptrend.  Once hailed as the pinnacle of the digital frontier, NFTs suffered a dramatic decline in global sales volume, losing 63% to just $8.7 billion in 2023. However, as Bitcoin rebounds and the US Securities and Exchange Commission (SEC) approves the launch of exchange-traded funds (ETFs) tied to the digital currency, the non-fungible token industry is eager to rekindle interest in its digital space. NFT Sales Surge And Stumble According to a Bloomberg report , startups within the NFT space are now reviving narratives that emphasize the practical applications of NFTs in gaming, finance, and art.  These companies claim to have learned valuable lessons from past setbacks, aiming to transform the sector into more “durable” and “accessible” assets. According to Bloomberg, their goal is

These New Spot Bitcoin ETFs Now Hold Nearly 1.5% Of BTC Supply As Holdings Surges Above 300,000

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So far, the nine newly launched US spot Bitcoin exchange-traded funds (ETFs) have achieved a notable milestone, collectively accumulating over 300,000 BTC in assets under management (AUM) – a figure amounting to nearly 1% of BTC supply of 21 million – in just less than two months after their inception. This feat underscores the growing investor interest in Bitcoin and the increasing adoption of cryptocurrency investment products in traditional financial markets. Notably, these nine US spot BTC ETFs include BlackRock (IBIT), Fidelity (FBTC), Ark 21Shares (ARKB), Invesco (BTCO), Bitwise (BITB), Valkyrie (BRRR), Franklin Templeton (EZBC), WisdomTree (BTCW), and VanEck (HODL). Spot Bitcoin ETFs Break New Record According to data from K33 Research, since their debut on January 11, these nine new entrants of spot Bitcoin ETF have rapidly gained traction, attracting a total of 303,002 BTC, equivalent to $17 billion at yesterday’s closing prices. The newborn nine have amassed 300,000 B

$500K In Crypto Vanished? Australian Resident Allegedly Disappears After Accidental Deposit From Exchange

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According to local reports, an Australia-located businessman has allegedly vanished after receiving an accidental deposit from a crypto trading platform at the end of January. The Victorian Supreme Court issued a freezing order on the assets as efforts to contact the man have proven unsuccessful. Typing Error Costs Hundreds Of Thousands To Crypto Exchange A recent report from ABC News Australia informed of the disappearance of a Mildura resident who allegedly pocketed over half a million dollars involved in a costly typing error. Per the report, 37-year-old Kow Seng Chai, a Malaysian-born resident of Mildura, deposited AU$99,500 to the crypto trading platform Rhino Trading Pty Ltd, which operates under the OTCPro name. The deposit, worth around $62,000, was made on January 25 through an account set up by Chai for his Sydney-based business Lotte Enterprise Pty Ltd. As the exchange credited the balance to Chai’s account, it accidentally added an extra zero, crediting AU$ 995,000 (a

Recover your lost bitcoin

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Bitcoin Mining Data Collection On Pause: Judge Halts Mandatory Survey

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Since the crypto mining ban in China in 2021, the US has become one of the largest mining hubs for Bitcoin miners. However, regulatory agencies have tightened their measures to increase their oversight over the industry. Last month, one of the US Government agencies issued an emergency approval for the “EIA-862, Cryptocurrency Mining Facilities Report.” The survey raised miner’s alarms as it seeks to collect sensitive data from crypto mining companies operating in the country. This concern led to a lawsuit initiated last week by several of the concerned parties. EIA’s ‘Insufficient’ Response To The Lawsuit On February 22, the Texas Blockchain Council (TBC), Bitcoin miner Riot Platforms, and the Chamber of Digital Commerce started a lawsuit against the US Department of Energy (DOE), the US Energy Information Administration (EIA), and the Office of Management and Budget (OMB). The lawsuit follows the approval of an emergency survey by the OMB. EIA’s emergency request sought the co

Massive Cash Rush: Crypto Funds Surge With Over $500 Million Inflows Fueled By Bitcoin ETFs

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Crypto investment products have seen a notable surge in investor interest, marking their 4th consecutive week of substantial inflows. According to recent data from CoinShares, these products attracted roughly $598 million in investments over the past week alone. This influx of capital brings the year-to-date inflows to $5.7 billion, indicating a sustained appetite for digital assets among institutional and retail investors alike. Amidst this surge in investment, it is noteworthy that the influx has been primarily driven by the introduction of new spot Bitcoin exchange-traded funds (ETFs) in the United States. These ETFs have quickly gained traction, attracting massive amounts in net flows. CoinShares’ Head of Research, James Butterfill, highlighted the significance of these inflows, noting that they account for 55% of the record inflows witnessed throughout 2021. Regional Trends And Asset Performance The data also reveals interesting regional trends in crypto investment. US-bas

Crypto Exchange BitForex Plunges Into Crisis Mode As $57M Exits And Website Goes Offline

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Hong Kong-based cryptocurrency exchange BitForex was scrutinized after its website went offline following the reported withdrawal of $57 million from the exchange’s hot wallets on February 23.  BitForex Shaken By Wash Trading Scandal And Website Shutdown The incident was initially brought to light by decentralized finance (DeFi) detective ZachXBT on X (formerly Twitter), raising concerns about the exchange’s operations. BitForex has not issued any official statements regarding the situation, leaving users seeking answers on X/Telegram. One month before the incident, BitForex’s CEO Jason Luo announced his departure, expressing confidence in the new leadership team’s ability to guide the exchange towards “greater horizons.” However, the sudden withdrawal of funds and subsequent website shutdown have intensified doubts surrounding BitForex’s operations . Further allegations emerged in a report by digital assets data provider Kaiko on February 9, indicating that BitForex had the h

Shiba Inu Founder Reveals The “End Vision” For The Ecosystem

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Ryoshi, the pseudonymous founder of Shiba Inu , the second-largest meme coin in the crypto market, has released a bullish message for the SHIB community. Ryoshi, who has been out of the limelight for a while, passed the message through Lucie, the marketing lead behind the Shiba Inu project . This Is Just The Beginning The message that was shared by Lucie carried the founder’s vision for the Shiba Inu project and its ecosystem at large. Shibarium, the Ethereum Layer 2 blockchain developed by the Shiba Inu team, was not left out of the statement as it features heavily in what Ryoshi described as the “End vision.” Firstly, the founder’s message takes out time to praise the SHIB community which they explain has become an organic organism. The founder further expresses that the community is “greater than any one man, movement or even nation-state.” Given this, Ryoshi explains that it is imperative that all ideas are implemented properly to ensure a proper foundation for the ecosystem t

大家都是玩哪一間交易所呢?買哪一個幣呢 請問玩合約會保障嗎 #十萬比特10wbit

p2pool.util.jsonrpc.NarrowError: -10 I'm attempting to run P2Pool locally on my other machine and getting this issue while running bitcoind: 2016-12-19 09:56:24.100000 p2pool (version unknown 7032706f6f6c2d7032706f6f6c2d39633662323130) 2016-12-19 09:56:24.100000 2016-12-19 09:56:24.100000 Testing bitcoind RPC ...#十萬比特 from Recent Questions - Bitcoin Stack Exchange https://ift.tt/0CQwxL6 via IFTTT

The app says I am sending to too many wallets, but I only have one. What is the issue?

Where is my Bitcoin going? The app says I am sending to too many wallets. I only have one wallet, but tried opening other ones. Is this the issue? from Recent Questions - Bitcoin Stack Exchange https://ift.tt/Qnwd1zN via IFTTT

FTX Completes $33 Million Sale Of European Wing Following Legal Dispute

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FTX has recently reached an agreement on the sale of its European branch following a legal dispute between the exchange’s management and the eventual buyers. This development comes as the embattled crypto exchange continues to gather more liquidity in a bid to pay off its million creditors.  FTX Returns European Arm To Former Owners At ‘Much Discounted Price’ According to a Reuters report on Friday , FTX has successfully completed the re-sale of its European subsidiary to the previous owners at a price of $32.7 million. Initially, the exchange had filed a lawsuit against the founders of FTX Europe, then known as Digital Assets AG (DAAG), as it aimed to recover the $323 million paid in the acquisition deal in 2021.  FTX argued that the crypto startup founders, Patrick Gruhn, and Robin Matzke, had sold the company at an inflated price, describing the deal as a “massive overpayment” financed by customers’ deposits. In addition, the embattled crypto exchange stated that DAAG (now FTX E

Where could I find a fedimint custodian on the web? Where to look for one?

It is written at fedimint.org : Fedimint aims to address this by distributing custodianship across millions of communities, making it simple for them to bank themselves. These community focused 'banks' are known as Fedimint Federations.[...] Fedimint allows bitcoiners to onboard new users, assisting them in their custody and payment model. Instead of referring a new bitcoiner to a third party custodian, you can onboard them yourself as part of a Federation. Put another way it allows you to be your mum's / friends / villages bank. I don't have friends. Most of the human interactions that I have are those on sites such as bitcoin.stackexchange.com . Is there an online, be it on the clearnet or an onion network, list of fedimint federations, akin to the lists of servers of other federated systems, such cashu , XMPP , or nostr ? from Recent Questions - Bitcoin Stack Exchange https://ift.tt/Adna79H via IFTTT

Blockchain And Metaverse On Target: China Cracks Down On Escalating Cyber Crimes

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In a bid to combat the increasing number of cybercrimes, China’s Supreme People’s Procuratorate (SPP) has set its sights on criminals utilizing blockchain technology and metaverse projects for illicit activities. The SPP has expressed concerns about the surge in online fraud, cyber violence, and the infringement of personal information. Blockchain Technology: A Breeding Ground For Criminal Activities? The SPP has reported a significant rise in cybercrimes committed on blockchains and within the metaverse. Criminals are increasingly using cryptocurrencies for money laundering, making it difficult to trace their illicit wealth. Additionally, telecom fraud charges related to cybercrimes have risen by 64 percent year-on-year. While blockchain-related crimes are on the rise, traditional crimes such as gambling, theft, pyramid schemes, and counterfeiting have also expanded into cyberspace. Charges related to internet theft have increased by nearly 23%, while charges related to online cou

3,248 ETH Stolen In Axie Infinity Co-Founder Hack – Here Are The Details

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On Thursday night, the Axie Infinity co-founder suffered a hack that included a large amount of ETH being withdrawn from the wallet and sent to Tornado Cash. The suspicious activity was revealed by a blockchain investigator, who alerted of the compromised whale wallet over the Ronin bridge. Related Reading: Massive Crypto Breach: Hackers Extract $26 Million In BTC And ETH From This Exchange Almost $10 Million In Stolen Funds Web3 security platform Ancilia was the first to inform of an alleged security breach over the Ronin Bridge. At the time, 2,790 ETH had been withdrawn and deposited to Tornado Cash. Aleksander Larsen, one of the Co-Founders of Sky Mavis, Axie Infinity, and Ronin Network, clarified that neither the Ronin bridge nor the chain had been compromised. The Axie Infinity COO suggested that rather than the bridge suffering a security breach, it was a wallet being compromised, and the funds were “tornado cashed.” As Larsen pointed out, the funds stolen during most exp

Coinbase CEO Dispels Rumours: No Government Ban On Nigerians From The Crypto Exchange

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Coinbase, a prominent crypto exchange headquartered in the United States, has debunked allegations that it was instructed by the Nigerian government to prevent its citizens from using its crypto trading services . The denial came directly from Coinbase’s CEO, Brian Armstrong, who addressed the issue through a post on X. Armstrong clarified that Coinbase’s services are still operational in Nigeria, with no interruptions reported. Armstrong emphasized that Coinbase has not been approached or contacted by Nigerian officials regarding such directives. This is inaccurate WRT Coinbase as far as I can tell. Coinbase products are still operating (no interruption) We haven’t received any outreach or communication from officials in Nigeria — Brian Armstrong (@brian_armstrong) February 23, 2024 Controversy Surrounding Crypto Restrictions In Nigeria The controversy emerged following reports circulating earlier this week alleging that the Nigerian government had instructed telecommunicat

Dogecoin Falls Out Of Top 10 Crypto, Are Meme Coins No Longer A Threat?

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Dogecoin has seen abysmal performance in the last year, even while the likes of Bitcoin and Ethereum went on to hit new yearly highs. On the back of this poor performance, other altcoins have been creeping up in their market cap to challenge Dogecoin’s position in the top 10 cryptocurrencies by market cap list. And now, after another week of stalling behind the market, Dogecoin has lost its position on this list. Dogecoin Loses 10th Spot To Tron (TRX) Justin Sun’s Tron and its native TRX token have been on a bullish run over the last year. It has risen almost 200% from its 2023 lows of $0.05, and this has sent its market cap rocking. At the same time, the Dogecoin price has failed to follow this growth path, and has instead stalled. The result of Dogecoin’s sluggish performance is a decrease in its market cap compared to the market cap of other large cap altcoins. While DOGE was able to hold the 10th position for the better part of 2023, the new year has not been as favorable. T

US Bitcoin Miners Sue Biden Administration In Battle Over Regulation

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On Thursday, February 22, Bitcoin miner Riot Platforms, along with industry groups Texas Blockchain Council (TBC) and the Chamber of Digital Commerce, initiated legal action against key agencies of the Biden-Harris Administration. The lawsuit targets the US Department of Energy (DOE), the US Energy Information Administration (EIA), and the Office of Management and Budget (OMB), challenging the administration’s recent steps to gather detailed energy consumption data from the cryptocurrency mining sector. The legal complaint arises from a January decision by the OMB , which approved an emergency request by the EIA to collect data on energy usage from 82 Bitcoin mining operations, including that of Riot Platforms. This move has been criticized by the plaintiffs and supported by United States Representative Tom Emmer, who allege it represents an abuse of power aimed at the crypto industry under the guise of an emergency. The plaintiffs’ filing articulates a multifaceted critique of the