Month: January 2021

Putin critic Navalny is immortalized in crypto artwork

A 3D animation depicts the arrest of the Russian journalist on a crypto token.

Russian opposition leader Alexei Navalny will next be immortalized in crypto art. So now an animation of the arrest of the Kremlin critic on a so-called Non-Fungible token (NFT) has been “printed” and platform crypto Super Rare on 21 January on the published .

The work of art, which bears the simple name “Navalny”, is also the first NF token that the artist @ brickspacer111 designed on the platform

The 3D artwork initially shows a close-up of Navalny making the victory sign. When the camera then zooms out, it becomes apparent that he is standing in front of a bust of Russian President Vladimir Putin.

The camera pans back and forth until Navalny is standing on a pile of books and files, holding the scales of justice in his hands, while police officers try to reach him with batons.

Then the names of Putin’s alleged corrupt helpers appear on his bust, before an allusion to the president’s magnificent palace appears on his forehead

Navalny recently returned to Russia from Germany. The Bitcoin-friendly journalist was poisoned by the Russian secret service in August 2020, whereupon he was treated in the Federal Republic.

Shortly after his return, the Kremlin critic was arrested for allegedly violating the probation conditions from a previous conviction. Navalny himself suspects political motives behind the arrest.

The journalist has since published a documentary in which he uncovered the secret “Palace of Putin”. The building on the Black Sea is believed to be worth more than $ 1 billion and was paid for with bribes.

The film alone on the first day already more than 20 million clicks on YouTube reached .

The now published crypto artwork starts with a bid of 0.5 Ether ( ETH ). The subtitle of the NFT is also a quote from the journalist: “Don’t be afraid of anything, except your own fear.”

Chainalysis rastrea una donación de Bitcoin extremista de $ 522,000

Chainalysis ha puesto a la cama acusaciones de larga data de que las transacciones de Bitcoin no se pueden rastrear identificando el flujo de una gran donación de Crypto Bank a grupos de derecha alternativa en los EE. Sin embargo, al hacerlo, también han reforzado la noción de que los terroristas están recurriendo a las criptomonedas como un medio alternativo de recaudación de fondos, aunque el terrorismo nacional probablemente no era lo que los proveedores de esta idea tenían en mente cuando advirtieron al respecto.

Chainalysis revela a Nick Fuentes como destinatario principal

Chainalysis reveló en una publicación de blog el jueves que 22 personalidades y grupos de extrema derecha recibieron una parte de una única donación de Bitcoin de 28.15 ₿ realizada el 8 de diciembre, por un valor de $ 522,000 en ese momento. Chainalysis decidió investigar la donación e intentar identificar al donante, comenzando por averiguar cómo se dividió la donación:

Como muestran los datos, Nick Fuentes, un agitador extremista que estuvo en el mitin pero negó haber ingresado al edificio, fue por cierto margen el mayor receptor de donaciones de Bitcoin, con un 45% por valor de aproximadamente $ 250,000.

Chainlaysis pudo rastrear la transacción hasta un intercambio francés, lo cual fue una sorpresa dado el hecho de que los individuos y grupos estadounidenses eran los principales destinatarios. También pudieron descubrir la pseudoidentidad del individuo:

Usando inteligencia de código abierto, descubrimos que una dirección de BTC asociada con Extremist Legacy Wallet está registrada en NameID, un servicio que permite a los usuarios asociar su identidad en línea, dirección de correo electrónico y otra información con su dirección de Bitcoin. En este caso, el donante extremista asoció su dirección de Bitcoin con el seudónimo “pankkake”.

Chainalysis pudo profundizar más en el donante, vinculándolo positivamente a un blog personal a través de su dirección de correo electrónico, descubriendo una historia inquietante de extremismo de derecha e intenciones de suicidio.

La demolición podría generar más donaciones de criptomonedas

En un hilo de tweets que resume el informe, Chainalysis dice que sus investigaciones sugieren que “los extremistas domésticos pueden estar recaudando más de lo que se pensaba” y que la actual desplantación podría llevarlos a la clandestinidad y puede significar que “recurren más a las criptomonedas para las donaciones”.

Bitcoin slips to $33,000, FCA warns about crypto investments

The U.K.’s Financial Conduct Authority has reminded consumers that cryptocurrency investments are very risky… just before markets crashed

The Financial Conduct Authority, the U.K.’s regulatory body, issued a warning about cryptocurrency investments shortly before the markets collapsed.

In a January 11 statement, the FCA explained that crypto investments and loans present a high level of risk, stressing that investors should be prepared to lose large amounts of money.

This warning about the risks of cryptocurrencies was issued on Jan. 8, when Bitcoin Sunrise had reached a new all-time high at around $42,000. Today, just three days later, the market witnessed a huge sell-off: the price of BTC temporarily hit a low of $33,000. At the time of writing this article, Bitcoin is trading for around $35,000, down 14% from yesterday.

The FCA said that there should be greater awareness about the risks associated with cryptocurrencies, as it is a very volatile and complex product:

“Consumers should be aware of the risks and carefully consider whether investing in high-yield cryptocurrency-based products is appropriate for them.”

The regulator also pointed out that most crypto investors do not have access to consumer protection services, such as the Financial Ombudsman Service or the Financial Services Compensation Scheme, in case something goes wrong.

The institution went on to remind that companies offering cryptocurrency-related services should make sure that they comply with all regulatory requirements and have obtained an authorization from the FCA. As of January 10, 2021, in fact, all crypto companies operating in the UK must be registered with the FCA in order to combat money laundering. “Operating without registration is a crime,” the agency wrote.

The contraction also affected the rest of the market: in just one day, the price of Ether (ETH) fell by almost 19%.

Student rediscovers long-lost Bitcoin private keys: earns $4 million

A Reddit user tells of finding an old wallet containing 127 BTC, which he sold for $4.24 million

A student tells of finding the private keys to a wallet accidentally created in 2011, containing over $4 million in Bitcoin.

On Reddit, user BitcoinHolderThankU says he was able to get his hands on $4.2 million through the sale of 127 Bitcoins (BTC):

“I spent the next week trying to figure out how to safely liquidate such a large sum of Bitcoin at the lowest possible price. I tried various over-the-counter desks, and eventually managed to sell all 127 BTC at a price of $33,439.02 per coin, with a 0.15% commission. The net gain was 4.24 million.”

The user recounts that he earned such Bitcoins between 2011 and 2012 by “completing surveys, watching videos, and completing various activities,” so that he could purchase the virtual currency for the online game DarkOrbit. However, this transaction never happened, and the 127 BTC remained inside an old Dell computer until today.

The user could have earned another million dollars if only he had waited a few more weeks: the price of Bitcoin recently touched $42,000. BitcoinHolderThankU admits that, in hindsight, he shouldn’t have sold all of his BTC:

“In my defense, I’ve been HODLing for 8-9 years – that’s a lot more than the vast majority of crypto users. I definitely would have done things a lot differently, looking back.”