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Articles by Mitchell Moos
Microsoft Considers Crypto Wallet Integration for Xbox
Share this article Microsoft is considering ways to integrate crypto wallet support into its Xbox gaming suite, according to documents leaked on September 19. The leaked documents are from a deposition that is part of the FTC’s lawsuit against Microsoft’s proposed $69 billion acquisition of Activision Blizzard—the gaming behemoth behind World of Warcraft, Hearthstone, Overwatch, Call of Duty, and Diablo III, among other triple-A titles.
BNB Beacon Chain Will Undergo Key Security Upgrade and Hard Fork
Crypto Briefing » News » BNB Beacon Chain Will Undergo Key Security Upgrade and Hard Fork On July 19, 2023, the BNB Beacon Chain will undergo a scheduled hard fork for a significant security upgrade. Share this article The BNB Beacon Chain is poised to undergo a scheduled hard fork and security upgrade on July 19th, 2023, as announced by the network’s technical team.
Slaying the Dragonchain: A Tale of Fear and Mania
Key Takeaways Once one of crypto’s most hyped projects, ICO-era startup Dragonchain and its founder were charged today by the SEC for the sale of $16.5 million in unregistered securities.
Casper (CSPR) - Price, Chart, Info
What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connect via Access Protocol Access Protocol is a web3 monetization paywall. When users stake ACS, they can access paywalled content.
Cred Files for Bankruptcy Following Fraud Incident
Cryptocurrency lending and borrowing service Cred files for Chapter 11 bankruptcy in the wake of a “fraudulent incident.” Key Takeaways Crypto lending service Cred suspended deposits and withdrawals due to an insider fraud incident. Uphold has cut all of its ties with the company and removed Cred's CEO Dan Schatt from its board. Yesterday, Cred filed for Chapter 11 bankruptcy, just two weeks after reports of internal fraud.
Almost $1 Billion in Bitcoin Just Came Out of Hibernation
Share this article 69,369 BTC just left a mysterious wallet that has long been the source of speculation in the community. At the time of transfer, the funds were worth $955 million. The wallet address is the fourth-largest in the world and has seen no activity since April 2015. Adson Gal, CTO of cybercrime intelligence firm Hudson Rock, recently discovered that the address had been the center of a treasure hunt for over two years.
SIMETRI Made 480% Gains on These Small-Cap Cryptocurrencies: Performance Report
Key Takeaways Since July 2019, our flagship research product Pick of the Month yielded 484% from 15 picks and 1 special report. We issued 50 full digital asset reports with an “investable” grade of B- or higher, providing investors with cumulative gains of 172%. Short-term signals from our Coins on the Move dashboard and Pro BTC Trader email subscription provided 223% and 46% ROI, respectively.
SEC Shuts Down Unikrn For Its $31M 2017 ICO, Commissioner Hester Peirce Dissents
Share this article The SEC ordered that Unikrn payout “substantially all of the company’s assets” to investors, disable its token, and request that UnikoinGold is delisted from exchanges in connection with its 2017 ICO. Unikrn Shut Down by the SEC Between June and October 2017, Unikrn raised $31.4 million through its UnikoinGold (UKG) initial coin offering to fund a crypto-enabled eSports betting platform.
Coinbase Lists yEarn Finance, YFI Pumps by 15%
Key Takeaways YFI is scheduled to begin trading on Coinbase Pro on Sept. 15 around 4:00 PM UTC yEarn Finance's token shot up 15% in response to the announcement, gaining over $4,000 within minutes Share this article Coinbase will list yEarn Finance‘s governance token YFI on Coinbase Pro with trading scheduled to begin Sept. 15. YFI prices rose by over $4,000, or 15%, following the announcement.
Interview: Inside Look at FTX’s $150M Blockfolio Acquisition
Key Takeaways Blockfolio originally wanted a partner to build out an in-app trading feature.
Ethereum 2.0 Testnet Going Live Early August, ETH Surges
The Ethereum 2.0 development team has set Aug. 4 as the tentative date for the first main testnet of Eth 2.0 to go live. Code-named “Medalla,” the testnet will be the final testnet before the mainnet launch. Share this article The Ethereum 2.0 testnet Madalla is scheduled to go live on Aug. 4 at 1:00 PM UTC, according to coordinator Danny Ryan. The launch date is currently tentative. Two conditions must be met before the testnet can launch.
India’s Biggest IT Services Company TCS Dives Into Cryptocurrency
India's technology consulting juggernaut started to offer blockchain- and cryptocurrency-related services, with the potential to throw some of its half-million employee workforce behind the initiative. Share this article India’s largest multinational IT services company, Tata Consultancy Services (TCS), has announced the launch of a new product to help banks offer cryptocurrency-related services. The new product is called Quartz and was announced via an official press release by Tata Group.
STORM Prices Triple as StormX Token Swap and Rebrand Go Live
STORM gained more than 200% after the company announced a rewards program, token swap, and app rebrand. Key Takeaways STORM is up 220% since May 8 following a new rewards program and token swap. STORM will conduct a token swap, beginning June 8, introducing staking and changing its ticker to STMX. The startup rebranded its Storm Play mobile app to "StormX," merging it with its Storm Shop cashback product.
Earn up to 8% Interest on Your Bitcoin, Ranking the Top Four Lending Services
Key Takeaways Cred offers the highest preferential rate on Bitcoin, with an 8% annual percentage yield. Crypto.com provides 6.66% APY, with a competitive cashback card and convenient mobile app as bonuses. Celsius offers the highest no-lockup interest rate of 6.2% for people willing to accept payouts in its utility token. BlockFi provides 6% interest with no fancy requirements, but the better rate is limited to the first five Bitcoin deposited. Share this article Are you invested in Bitcoin?
The Bitcoin Halving Slashed the Network's Hashrate
Bitcoin's hashrate has fallen since its May 11 halving, but long-term the network remains healthy. Key Takeaways Bitcoin's hashrate fell by 30% between May 9 and May 12 because of the halving. Mining remains profitable for miners with efficient machines despite the drop in total hashrate. The network is behaving the way it did in previous halvings, indicating healthy long-term growth. Declining profitability will put hobbyist miners out of business, further centralizing mining in China.
OKCoin Brings on New Management in Bid for Global Expansion
Two months after bringing on a new CEO, OKCoin hires two new executives to push forward its marketing and compliance divisions. Key Takeaways OKCoin brings on former officers from Blockchain.com and Coinbase to fill leadership positions at the exchange. The new hires comes two months after the company's CEO, Tim Byun, was replaced by former Goldman Sachs VP Hong Fang. The high profile hires are part of a bid to gain global market share, according to conversations with OKCoin.
MCO Visa Card in Review: The Best Card for Cashback
The MCO Visa Card offers some of the best cashback available anywhere. There’s just one catch: in order to unlock the best rewards it’s necessary to invest in cryptocurrency.
The Rise of Binance's Changpeng Zhao: Technologist to Crypto Tycoon
Changpeng Zhao, affectionately known as CZ, became enormously powerful in a few short years due to the astonishing success of Binance. Key Takeaways Changpeng Zhao's net worth is around $2.6 billion, double that of a year ago. The exchange he founded, Binance, became the largest on the planet in less than half a year. CZ now uses a considerable part of his fortune for philanthropy through the Binance Charitable Foundation.
How to Report Bitcoin Forks and Ethereum Airdrops on Your Taxes
The advent of blockchain technology has created new, complex tax situations. Here's how to report Bitcoin forks and Ethereum airdrops on your taxes. The advent of Bitcoin, Ethereum, and other cryptocurrencies has introduced unprecedented ways to distribute new assets, creating complex tax situations. Here’s how to account for forks and airdrops, and a few strategies to minimize taxes. There is little precedent when it comes to taxes around forks and airdrops.
How Rich is Vitalik Buterin?
The man behind Etheruem has amassed substantial wealth, most of which is held in Ether and other cryptocurrencies. Vitalik Buterin is one of the most influential people in crypto. He has amassed substantial wealth thanks to his role in creating Ethereum. We calculated his net worth. Buterin wasn’t rich prior to creating Ethereum. His first major windfall was in 2014. That year he dropped out, at 20 years old, after receiving $100,000 through a Thiel Fellowship. From there his wealth only grew.
New Library Aims to Tackle Bitcoin Taxation and Law Controversies
This new library service is attempting to answer tough questions in cryptocurrency taxation and law. Lukka Inc released a new library compiling the best academic papers on tax, legal, and accounting questions in cryptocurrency. The library focuses on questions that lack official guidance or regulatory frameworks. Each paper, mostly short-form, addresses the intricacies related to these crypto law, accounting, and taxation questions.
Bitcoin Surges on Stock Market Optimism for Coronavirus Stimulus
Bitcoin is showing up the stock market with 24% gains on the week. Though, recent gains appear closely linked with performance in the broader market. Bitcoin surges 11% as the stock market jumps on the back of optimism from Coronavirus-related stimulus. The move pushed BTC above $6,500. Bitcoin is up over $600 on the back of a market-wide improvement in the stock market. After hours, the S&P 500 is up 4.6% over the last 24-hours. The Dow Jones Industrial Average is up a similar 4.9%.
Did Bitcoin Hit Bottom Last Week?
Bitcoin rallies while the stock market continues to tumble, suggesting that last week could have been the bottom. Bitcoin decoupled with the stock market after it rallied 15% over the last 48-hours. The stock market, meanwhile, continued to take a beating. Did Bitcoin recover from a bottom? Bitcoin Leaves Stock Market Behind In another surprising move, Bitcoin regained its footing after two weeks of unprecedented correlation with the stock market. Beginning on Mar.
CoinMarketCap Launches Crypto Briefing's Digital Asset Ratings
Crypto Briefing's in-depth cryptocurrency grades are now available on CoinMarketCap. In the latest partnership, CoinMarketCap adds Crypto Briefing’s digital asset ratings to their platform, giving investors access to fundamental analysis alongside price and volume data. SIMETRI—Crypto Briefing’s institutional-grade research product positioned and priced for the retail investor—provides in-depth fundamental analysis and unbiased, detailed insights into cryptocurrency projects.
Bitcoin's Biggest Price Drop Since 2013, Crypto Markets in Panic
The stock market was devastated, with the major indices falling over 9%. Bitcoin fared much, much worse. Bitcoin had its largest price drop since 2013, plummeting over 40%. The drop was precipitated by today’s relentless stock market sell-off. Global Markets in Turmoil Markets went into free-fall. The DOW Jones Industrial Average dropped 2,352 points, or nearly 10%—the biggest one-day drop since 1987. The S&P 500 and the Nasdaq were each down more than 9%.
Steem Community Takes Back Majority from Justin Sun
Steemians retook control of the Steem blockchain from Justin Sun after unprecedented levels of voter turnout. Steemians successfully retook control of the Steem blockchain after a hostile takeover by Justin Sun. Meanwhile, the Tron founder attempted to buy witnesses in a controversial, now-deleted letter. Four days ago, Justin Sun executed a hostile takeover of the Steem blockchain.
Steem Rallies Against Justin Sun’s Power Grab
Steemians are fighting to retake control of their blockchain from Tron. In response, Justin Sun is considering an exit. Steem is rallying to retake control of its blockchain—just as exchanges withdraw their support of the takeover.
Tron Executes Hostile Takeover of Steem, Exchanges Collude
Justin Sun seems to have ousted the governance body of the Steem blockchain in collusion with major exchanges, consolidating his power following his acquisition of Steemit Inc. Justin Sun and several major exchanges executed what seems to be a hostile takeover of the Steem blockchain, say sources. After Tron acquired Steemit Inc two weeks ago, it seems that its CEO Justin Sun is using the company to consolidate power over the supposedly decentralized blockchain.
Ontology, MicroWorkers Partner to Bring Blockchain to Micro Jobs
MicroWorkers is using Ontology's blockchain to improve its micro-tasking service, especially for tasks aiding artificial intelligence. Micro-tasking service MicroWorkers partnered with Ontology to improve payments and identification by using blockchain on its platform for 1.5 million workers. Ontology, a cryptocurrency that describes itself as a “high-performance public multi-chain project and a distributed trust collaboration platform,” is taking blockchain to micro jobs.
Ethereum Implementing ProgPoW ASIC-Resistance, Concur Core Developers
Ethereum core developers are moving forward with ProgPoW, an update for making Ether mining more ASIC resistant. The hardfork is tentatively scheduled for July. Ethereum core developers, once again, came to consensus on implementing ProgPoW. The hardfork is scheduled to happen three weeks after EIP-1962, a non-contentious update that will add additional cryptographic functions to Ethereum. EIP-1962 is tentatively scheduled to go live sometime in June.
Enigma Settles with SEC, Agrees to Refund ENG Investors
Enigma, a startup developing private smart contracts, settled charges with the Securities Exchange Commission for selling its ENG tokens as unregistered securities. Enigma Faces SEC Enforcement Enigma raised $45 million during its 2017 ICO. The startup did not register its ENG tokens as securities, nor did the ICO qualify for an exemption, said an official press release.
Crypto Projects Could See Three-Year Exemption to Securities Laws
Blockchain projects could get a three-year exemption from U.S. securities laws to build decentralized networks, according to SEC Commissioner Hester Peirce’s latest safe harbor proposal. Operating Under Regulatory Uncertainty Cryptocurrency projects that sell tokens promising to build a decentralized network likely fall under the jurisdiction of U.S. securities laws.
Warren Buffet on Bitcoin, Blockchain, Tesla in Lunch with Justin Sun
Warren Buffett shared his views on Bitcoin, blockchain, and Tesla at lunch with Justin Sun. Buffett reportedly also received his first Bitcoin and Tron tokens in a gift from Sun. The two enjoyed the meal at a private country club in Buffett’s home city, Omaha, Nebraska on Jan. 23. Sun had cancelled the lunch in July of last year, claiming unexpected kidney stones.
Zcash Centralization Criticisms Resurface Following Funding Vote
Zcash’s recent vote to redistribute a fifth of its block reward to development funding reignited centralization criticisms. Here are the arguments. Zcash Funding Scheduled to Expire Zcash initially launched in 2016 with a novel funding mechanism — the Founder’s Reward. 20% of the block reward was allocated to the project’s founders to incentivize them to continue building the project. The Founder’s Reward was set to expire this November, in line with the Zcash halving.
IOTA Co-Founder Threatens Legal Action, Embezzlement Accusations
IOTA’s Sergey Invancheglo is threatening legal action against fellow co-founder David Sønstebø, accusing him of embezzlement. The dispute involves an alleged 25,000,000 MIOTA — worth $7.7 million at current prices. Sergey Ivancheglo, who goes by the alias “Come from Beyond,” took to Twitter to publicize a schism between him and co-founder David Sønstebø.
0x Aggregates DEX Liquidity and Pricing with New API
Ethereum ERC-20 exchange protocol 0x is aggregating liquidity from Kyber, Uniswap, Oasis, and other decentralized exchanges to improve asset pricing and reduce slippage. 0x introduced a new set of open-source tools that aggregates on and off-chain DEX liquidity. By combining order books from the most popular decentralized exchanges, the tool helps mitigate issues of low-volume, which is especially problematic among decentralized exchanges.
Roger Ver’s Bitcoin.com Withdraws From 12.5% Developer Fee Proposal
Bitcoin.com, owned by Roger Ver, withdrew its support for a proposal that would coerce miners to divert 12.5% of the Bitcoin Cash block reward to a development fund. Bitcoin.com Backs Out of Forced Development Fund “As it stands now, Bitcoin.com will not go through with supporting any plan unless there is more agreement in the ecosystem such that the risk of a chain split is negligible,” said Bitcoin.com in a blog post. The decision is presumably a response to heavy criticism.
Telegram Rescinds Promises to Investors Following Regulatory Scrutiny
In response to SEC scrutiny, Telegram is going back on promises made during its $1.7 billion raise. Telegram Revises Its Decentralized Vision Telegram may never establish a TON Foundation or even integrate its wallet application into its messaging app, contrary to its leaked whitepaper and other correspondences with investors. “Telegram is under no obligation, and makes no promise or commitment, to ever establish a TON Foundation or similar entity in the future,” said the company.
Bitcoin Jumps 4% Following Iran Airstrike, Safe Haven Asset?
The recent U.S. airstrike in Iran pushed the price of Bitcoin up 4%, along with gold and oil. Further possible conflict in the region could drive BTC’s price even higher, affirming its role as a safe-haven asset. The U.S. Department of Defense issued a press release announcing an airstrike late Thursday that killed Qasem Soleimani, the leader of the Islamic Revolutionary Guard Corps-Quds Force, a Foreign Terrorist Organization as designated by the United States.
Ethereum Muir Glacier Hard Fork Complete, Difficulty Bomb Delayed
The Ethereum Muir Glacier hard fork was successfully completed, once again delaying the mining “difficulty bomb” that threatens to freeze the network. Defusing the Bomb? Muir Glacier (EIP-2387) was initially proposed because of an underestimation in the onset of the difficulty bomb. As said by Tim Beiko, a product manager working at Ethereum: We thought we had months until it kicked in, but those numbers were wrong.
Third of Tron Supply Unlocked, 33B TRX May Flood Market
A third of Tron’s supply, worth over $400 million at current prices, unlocked on New Year’s Day. These coins may flood the market and further harm TRX’s struggling price. The enormous hoard of Tron tokens were quietly locked in December 2017, six months prior to the launch of project’s mainnet. These funds were locked by the Tron Foundation to “protect the vital interests of our supporters.” These funds have once again become available to the foundation, the single-largest holder of TRX tokens.
IOTA Halts for 15 Hours from Coordinator Bug
IOTA was unable to process transactions for 15 hours due to a bug with its “Coordinator,” a centralized node which determines which transactions are confirmed. On Dec. 29 around 11 a.m. the IOTA Tangle stopped processing transactions. The bug was identified and fixed 15 hours after the stoppage, as first reported by The Block. During the outage, the system could still transfer data and users could still read transactions.
Tron Acquires DLive Blockchain Streaming Platform
DLive is the latest in Tron’s string of acquisitions. The blockchain-based streaming platform will join Poloniex and BitTorrent in Justin Sun’s portfolio. DLive is joining forces with Tron and its subsidiary, BitTorrent. Currently built on the Lino blockchain testnet, DLive will migrate to the Tron blockchain and merge with BLive, Tron’s much smaller streaming equivalent, as part of the deal.
Tron Censors Ethereum Defector POP Network, Raises Centralization Concerns
An Ethereum project migrating to the Tron blockchain was singled out and practically “erased,” highlighting inconsistencies in Tron’s supposed mission of decentralization and censorship resistance. In February, POP Network, a startup building better decentralized peer-to-peer media streaming, chose to migrate from Ethereum to Tron to take advantage of its greater speed. This is exactly the kind of migration that Justin Sun, founder of Tron, had been encouraging for months.
Ethereum Co-Founder Doxxed After Stash Sell Off
Ethereum co-founder Jeffrey Wilcke doxxed himself after selling 92,000 Ether, worth over $11 million, because of its connection to his Ethereum Name Service domain. On Christmas Day, approximately 92,000 ETH was transferred to Kraken from an address funded by the Ethereum Foundation dev wallet, as first reported by Trustnodes. These funds were from the pre-mine associated with the project’s ICO.
FPGAs Threaten Smallcap Altcoins as Xilinx Enters Crypto Mining
Xilinx, a Fortune 1000 semiconductor company specializing in FPGAs, is entering the crypto mining market, said sources. This poses a threat to coins with “vulnerable” mining algorithms, such as 0x, Ravencoin, Nervos, and others. Xilinx is a semiconductor company with a market capitalization of over $24 billion. Recently, leaked communications from within the firm show that they are making moves into crypto mining with FPGAs (field-programmable gate arrays).
Bitcoin Drops Below $7,000 as Market Struggles
Bitcoin broke below $7,000, dropping over 3% in the last 8 hours. The move proceeds a drop three weeks ago that had BTC touch $6,500—does the market have more legs down? Bitcoin lost 3.4% of its value in 8 hours, dropping from $7,092 to $6,852 on Coinbase. The dip was accompanied by a substantial increase in volume, with 24-hour volume up 9.7%—at $19.2 billion—compared to its 7-day average, according to CoinMarketCap.
VeChain Foundation Hacked, $6.5 Million in VET Stolen
The VeChain Foundation was hacked for 1.1 billion VET tokens worth $6.5 million. Internal misconduct is likely the cause. Today, at 12:27 a.m. GMT, VeChain’s buyback address was compromised. The security breach was likely caused by misconduct from inside the foundation’s finance team, stated the report. Information from the foundation purports that the wallet was created without obeying the organization’s internal procedures, and it was missed by their auditing team due to human error.
Bitcoin Mining Centralization Reaches Record Levels, Majority in China
Chinese Bitcoin miners now control a record proportion of the network’s hashrate, according to new research. An estimated 65% of BTC mining now happens in China. CoinShares, a digital asset investment fund, noted this high since the firm started monitoring the network in late 2017.
Stellar Cancels 2 Billion XLM Airdrop
The Stellar Development Foundation won’t be airdropping 2 billion Lumens after all. In a blog post yesterday, Keybase and the Stellar Development Foundation announced the cancellation of its 2 billion Lumens airdrop program after getting attacked by “hordes” of fake accounts. “This month will be our last of the Stellar Space Drop. On the week starting Dec.
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