Welcome to a new era: the United States formally imposed sanctions on a Bitcoin wallet

The office for foreign assets control of the United States (OFAC) launched a full-scale campaign against the two Iranian “intermediaries” that distribute malware. Law enforcement agencies have published the addresses of the wallets to the suspects and warned cryptocommunist that all who will send the cryptocurrency for these purses, also face sanctions.

Cryptocurrency wallet instead of fingerprints

The names of the crooks — Horadada Ali and Mohammad Ghorbanian. According to today’s press release the U.S. Treasury Department, the criminals had helped in the exchange of crypto-currencies to Iranian Rial obtained from the “Iranian hackers”. The latter, in turn, participated in cyberattacks SamSam.

“Horadada and Ghorbanian provided financial, material or technological support for hacker attacks SamSam.”

Experts OFAC identified the Bitcoin address the suspects, later they were released. As it turned out, through their wallets was about 7000 bitcoins with transactions with 40 of the largest exchanges. Even with the current price of the cryptocurrency is more than $ 25 million.

The U.S. Department of justice suspects Horadada and Ghorbanian in the attack on 200 networks in the US, the UK and Canada in 2015. The user of one of the hospitals in Indiana were forced to pay a ransom to the scammers that their databases again.

Why this news caused such a stir in cryptocommunist? The U.S. authorities first imposed sanctions on the wallet address with cryptocurrencies. Besides, today, OFAC first tried to associate addresses to individual.

As traditional Bank accounts, these cryptococal should help to identify the transactions that were used in criminal activities. The information obtained will be used to search for any relations involved in these addresses.

Besides, today the cryptocurrency Horadada and Ghorbanian officially recognized by the OFAC property subject to seizure. Representatives of the office for foreign assets control of the U.S. also promised to stop all Iran’s attempts to use the digital assets in order to evade sanctions.

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FineCrypto

The decline in the cryptocurrency market have led to the dismissal of 70% of employees Steemit

The company Steemit, the most famous project which is the blog platform on the blockchain Steem, has announced a structural reorganization, part of which will be reduced to 70% of the state.

Sad for the employees the news was announced by Ned Scott, founder and CEO Steemit Inc. One of the main reasons was a large decline in the cryptocurrency market, hit the token STEEM, which overlapped the growth of service charges full-nodes blockchain Steem.

New job need to find a greater portion of the state, the remaining 30% will be puzzled in the first place the reduction of expenses on infrastructure maintenance steemit.com and its public API.

“We still believe that Steem can be one of the best and most economical blockchain protocols for applications, and that the measures we intend to take will make it an even better tool support applications,” said Scott.

However, before you work on improvements, it is necessary to optimize the costs associated with the project, improving its economy. Save project steemit.com — the main goal, which is focused on the management of the company, he added.

It is interesting that the token STEEM for the last day increased by 18%, and is trading at around $ 0,37, occupying 47th place ranking Coinmarketcap. However, it is very small compared to the peak January 2018 — $ 7,31.

The post The decline in the cryptocurrency market have led to the dismissal of 70% of employees Steemit appeared first on FineCrypto.

FineCrypto

Last night one of the addresses Ripple got 2 600 334 965 XRP or 6.5% of all coins on the market

Created at the end of 2017 unknown address in the Ripple network, yesterday evening, received three incoming transactions total number 2 600 334 965 XRP, which translated into US dollars is more than 960 000 000.

  • The first sender: 999 999 959 XRP
  • Second, the sender: 749 999 979 XRP
  • The third sender: 850 335 027 XRP

After a little research, it turned out that the address of the first sender associated with Chris Larsen, co-founder of Ripple, at least the address of the network bears his name:

In early 2013, his address was translated two transactions at the 500 000 000 each to the addresses with the name “Rippleworkstransfer3” and “rplworksfoundation4”, which were these coins until end of July 2015, after which it was again sent to one public address, where he lay until yesterday.

The second sender associated with a very active address created in August of 2015, with almost 400 transactions, the time associated with the exchange Bitstamp, one arber dedaj and many other marked by addresses on the network. Despite the fact that trace or assume the identity remains a considerable challenge at this address at the end of 2015, around 2.5% of the total number of XRP that puts him in some very important players.

Third, the sender reiterated in touch with arber dedaj and tracing a few transactions further up the chain, we came to “X. Distributor.1”, which in 2013 distributed about 80% of all XRP created in various wallets.

Conclusion:

In General, we have replenish some address nearly $ 1 000 000 000 or approximately 6.5% of the total circulating amount of XRP on the market. Address tightly associated with one of the founders, Chris Larsen, and many of the earlier holders of XRP and system addresses.

Given the fact that the team does not have the habit to report on the actions undertaken in the network, it can be as huge OTC transaction and redistribution of the coins between the developers and other team members.

The post Last night one of the addresses Ripple got 2 600 334 965 XRP or 6.5% of all coins on the market appeared first on FineCrypto.

FineCrypto

BITCOIN HASH RATE DROPS 13%! – 272

https://www.podbean.com/media/share/pb-s6gz3-a04466

Today’s episode we speak about the turbulence that has been caused by the drop in price of cryptocurrencies causing mining to become unprofitable for some.

 

Welcome to the SVK Crypto, 15 Minutes of Crypto Fame, brought to you by your host, Charles Storry. We provide daily cryptocurrency content and analysis on topics such as Bitcoin, Ethereum, Altcoins and ICO’s.

 

We not only produce our daily content we feature CEO’s of all exciting ICO’s! Stay tuned to find out more!

 

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SVK Crypto – Daily News Blog

If the price of Bitcoin is $3000 mining will cease to be profitable: Plan B

The critical level of the rate for Bitcoin is $ 3000. At this price the owners of most models of the miners will cease to make a profit, and they, like investors, need to consider replacement options in case that scenario comes to fruition.

An appropriate assessment was voiced by the Chairman of the Board BitKan Leon Liu:

“I think the level of prices in 20 thousand yuan (about $ 3,000) — this is the level at which all the miners will cease to be profitable, he said. Miners, as investors, need to start working on your strategy, in case this would happen.”

This statement is remarkable not only because it comes from a market participant who tries to be heard. BitKan, which became known as the Chinese platform for OTC trades, is now positioning itself as a provider of related trading data and services. However, one of its investors is the largest manufacturer of miners Bitmain, so it concern about the future owners of the miners may have a fairly simple explanation.

Close to Bitmain can also be attributed to the fact that according to Lew, hardwork Bitcoin Cash, and the subsequent events in which the direct participation of the founder and CEO of Bitmain Jihan Wu, did not play a special role in the fall of the Bitcoin exchange rate and all stock market. That is, this factor certainly affected, but was not the main and not the only one, he says.

“The current downturn at the end of last year, and it will continue for at least 12 months”, — said the founder BitKan.

In his opinion, the previous rally, which ended in December 2017, was largely due to the boom of the ICO. Now, however, it became clear that “99.9% of the projects ICO failed”, and the bubble burst.

So the market has entered a stage of decline, with minor fluctuations in prices in one direction or another. According to Liu, the market needs an effect similar to the effect of ICO at the time, that is dramatic and positive changes or events that will bring him out of hibernation and interrupt this trend.

This forecast is basically the same as that recently voiced by a former banker, economist and trader, Alex Krueger, who pointed to the generality of Bitcoin with the category of commodities, that is, exchange traded commodities such as oil or metals.

In his opinion, the demand for Bitcoin can grow at the expense of large-scale and positive market events, such as the approval of the Commission on securities and stock exchanges of the Bitcoin ETF. Or it could be an event, which is still hidden over the horizon.

“The more unexpected will be a shock, the stronger will be its effect,” notes Kruger.

Also recall that the bottom price of $ 3000 seems a remote possibility after Bitcoin tested $ 3600. According to SEO Genesis Trading Michael Moreau, that $ 3000 is a threshold, which may push Bitcoin.

“Until we reach $ 3000 or so, you can not say that this is the bottom” — says the trader.

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FineCrypto

CEO Shapeshift: a sharp drop in Bitcoin is a sign of euphoria bears When to expect the growth of cryptocurrencies

The market has dropped, Bitcoin will never recover, and instead Lamby have to continue to drive on the Volga?! As it is not so. Erik Voorhees believes that everything will work out, and quite soon.

Cryptocurrency market is heading into the abyss — it is this idea appears after you look at the fully red coins on Coinmarketcap. Last week the cryptocurrency has broken some important resistance levels and is on track to $ 3,000. It would seem, hopes for Lamba has long dried up. However, Shapeshift CEO Eric Voorhis have a different opinion on this.

The triumph of the bears

Sunday on Twitter businessman appeared quite interesting message.

“Collapse is a sign that the bears reach the stage of euphoria.”

By this phrase, Voorhees implies the famous market cycle, which is known to everyone on wall street. Remember in December everyone was talking about Bitcoins for $ 100,000? Then the bulls were at the peak of euphoria and didn’t notice any signs of an impending bloody correction. Now you can draw a parallel — now everyone is talking about “futility of the crypts” and lower the price of Bitcoin down to zero.

However, no one yet knows how long the current phase of the market cycle. Most analysts agree that the “real bottom” is waiting for Bitcoin in the area of $ 3,000. Before this also said chief analyst, eToro’s Mati Greenspan.

Recently, the Voorhees added one more detailed remark about the future of the stock market.

“Of course, much time has passed since then, when I got to the crypt. Every financial institution in the world is closely watching her. Every government is interested, or at least trying to regulate cryptocurrency. Tens of millions of people used Bitcoin, a large part of the world at least knows about the crypt. So Yes, it progresses, but there is still a long way.”

Finally, Voorhees explained that the invention of digital assets can be compared with the advent of the printing press or the Internet. In addition, the cryptocurrency will bring “great benefits to mankind” through decentralization.

The post CEO Shapeshift: a sharp drop in Bitcoin is a sign of euphoria bears When to expect the growth of cryptocurrencies appeared first on FineCrypto.

FineCrypto

Us one Antminer, please: In China, sell ASIC miners in bulk

Chinese miners EN masse get rid of their “picks”, they sell equipment for mining literally by weight. Cointelegraph reported, citing local news outlet 8BTC. The reason for the sale you know yourself — the rapid decline of Bitcoin below $ 5,000 made its mining unprofitable at a relatively high cost of electricity.

Where to buy cheap asik

ASIC mining has one serious drawback — when you fall in profitability of equipment use in mining cryptocurrencies pointless to buy from you asik does not want one. Unlike graphics cards, which can easily sell to gamers, Usikov there is any practical value in addition to mining itself.

All this is very true for older models S7 Antminer, Antminer, Avalon and T9 A741, now the Chinese sell in bulk. The work of Asimov does not even cover electricity costs, not to mention the maintenance costs.

Worse things are in certain regions of China — Xinjiang and Inner Mongolia. While asik only sell small and medium-sized mining centers at record low cost — about 5 percent of their initial value (considering the weight). For example, equipment bought a year ago for $ 2885 and is on sale for only $ 144.

We will remind, earlier this month, the largest mining company Bitmain has announced its plans to deploy over 90,000 Antminer S9 in the regions with the lowest cost of electricity. As it turned out, this move was rigged in advance to gain advantage in the “war of Harrachov” after hard forks of Bitcoin Cash.

At the moment, the stock market came into balance, today the Bitcoin is trading in a horizontal channel between the lines and 4450 4630$ . Top 10 altcoins lost an average of 7 percent of its value, a record for the record low remains Bitcoin Cash.

The post Us one Antminer, please: In China, sell ASIC miners in bulk appeared first on FineCrypto.

FineCrypto

In Canada arrested a Hitman who was allegedly hired Ross Ulbricht

The Supreme court of British Columbia in October, was released on bail of one of the defendants in the case of Ulbricht, the extradition demanded by the US.

The canadian court did not consider the wishes of their American colleagues, demanding that the 42-year-old James Ellingson, earlier repeatedly judged, he was awaiting extradition in prison.

According to us law enforcement, that Ellingson is the owner of the account to Silk Road, where he was featured under nicknames Redandwhite and Marijuanaismymuse.According to the press days of the verdict, the canadian court held that the suspect could wait for the extradition hearing in the family circle, and released him on bail in early November.

The result has the evidence, in particular, received from Google mail data Ellingson, which contains, for example, the password to one of these accounts. In addition, managed to track the address on the cryptocurrency exchanges, registered in the name Ellingson where transferred income from the sale of drugs on Silk Road. Both accounts on cryptomeria was on the real name of the loonie and using it of these documents.

American justice believes that Ellingson in the period from November 2011 to October 2013, Ulbricht received from the funds in bitcoins for the sale of methamphetamine, heroin, cocaine, marijuana, LSD and MDMA.

In addition, Ellingson under the name Redandwhite was allegedly discussed with Ulbricht and the murder of another Silk Road user for a fee.

According to supporters of the Creator of the Silk Road, it was involved in the conspiracy to murder, which were later allocated in separate manufacture, are the reason that the court sentenced Ulbricht to two life sentences and 40 years imprisonment without parole.

However in August 2018, when Ross had already served the sentences, the charges of organizing contract killings was removed. Left minor, from the point of view libertarians minded public, the charges as drug trafficking, hacker attacks and participation in a criminal conspiracy to commit money laundering.

The post In Canada arrested a Hitman who was allegedly hired Ross Ulbricht appeared first on FineCrypto.

FineCrypto

Mining giant Giga Watt — bankrupt: the Company kicked out of Washington

19 Nov one of the largest American mining and blockchain-companies Giga Watt filed for bankruptcy. The company argued that it was “insolvent and unable to repay debts.”

According to court documents, Giga Watt owns assets in the amount of from 0 to 50 thousand dollars. According to preliminary estimates, the number of creditors does not exceed 50 people, but current liabilities are estimated between 10 million to 50 million dollars.

In addition to bankruptcy, mining firm among the five largest in the United States also passes through the eviction in the County of Douglas. According to the managing Director of Giga Watt George Turner, who led the mining in East Wenatchee and Moses lake, a bankruptcy petition was filed by the Board of Directors and does not accord with his unit. He advocated for bankruptcy a few months ago, but this news turned out to be his “surprise”.

Why Giga Watt suspicious

Writes Сointelegraph, Giga Watt was formerly known as MegaBigPower. It was founded in 2012 by a former Microsoft software engineer Dave Carlson. According to information, he first learned about Bitcoin in 2010. In July 2017 the company conducted an ICO. According to iFiberOne, Giga Watt produced tokens for financing of building a mining farm with a capacity of over 30 megawatts and a private substation.

In March 2017 Carlson claimed that the company had “no need” to register with the SEC for the conduct of ICO, because “these tokens people can get access to an electrical infrastructure that provide their miners”.

It is noteworthy that in September this year, Carlson is “quietly” resigned as CEO of Giga Watt. Probably the reason for this was the lawsuit from Silver law offices Miller, who accused the company of carrying out illegal ICO without registration with relevant regulatory bodies.

The post Mining giant Giga Watt — bankrupt: the Company kicked out of Washington appeared first on FineCrypto.

FineCrypto

BAKKT EXCHANGE DELAYED! – 268

https://www.podbean.com/media/share/pb-cb5z4-9fdd70

Today’s episode we speak about the upcoming cryptocurrency exchange from the Intercontinental Exchange called Bakkt. 

 

Welcome to the SVK Crypto, 15 Minutes of Crypto Fame, brought to you by your host, Charles Storry. We provide daily cryptocurrency content and analysis on topics such as Bitcoin, Ethereum, Altcoins and ICO’s.

 

We not only produce our daily content we feature CEO’s of all exciting ICO’s! Stay tuned to find out more!

 

If you’d like to stay in touch or get more info from me, please SUBSCRIBE to the channel and spread the good word!

 

Follow us on Twitter: https://twitter.com/SVK_Crypto

 

Visit our website: http://www.svkcrypto.com

 

Email us: cstorry@svkcrypto.com

 

Telegram: https://t.me/SVKCrowd

SVK Crypto – Daily News Blog