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Hong Kong police have reportedly been notified of the incident, with the primary suspect having filed a police report and handed a computer over to authorities. After launching via a Discord channel on Oct. 28, AnubisDAO went on to raise roughly 13,256.4 ETH using Alchemistcoin’s liquidity bootstrapping protocol (LBP) Copper. However, the funds were unexpectedly sent to a different address roughly 20 hours into the LBP. CNBC spoke to one investor who claims to have lost almost $470,000 to AnubisDAO. The investor, Brian Nguyen, conceded to subscribing to a “buy first, do research later mentality,” describing the loss as “pretty painful.” Nguyen noted that he was attracted to AnubisDAO because of its canine-themed branding amid the meteoric gains recently reaped by some dog-token investors after seeing Anubis promoted on Twitter by prominent pseudonymous DeFi advocate “0xSisyphus.” Anubis is the Greek name for the Egyptian god of death and the underworld, with Egyptian imagery de...

Major Bitcoin miners have set up shop in a former aluminium smelting plant in the small Texan town of Rockdale. Two Bitcoin mining giants are duking it out for cheap electricity in the tiny town in Texas. Both Bitdeer, a mining firm that spun out from Chinese giant Bitmain, and Riot Blockchain, one of leading publicly traded Bitcoin mining firms in the United States, are operating data centers hosted at a former aluminium smelting facility in the Texan town of Rockdale. The town’s aluminium smelting plant was previously the world’s largest, until the company that ran it, Alcoa, began winding up operations in 2008. According to Lee Bratcher, president of the Texas Blockchain Council, the facility’s energy capacity was wasted from Alcoa’s departure until the miners set up shop. Despite Rockdale comprising a tiny rural town of just 5,600 people, it exhibits all the benefits sought after by industrial-scale miners — crypto-friendly politicians, large plots of land hosting abandoned in...

After a slight hiccup in BTC futures premium, traders seem comfortable despite the $58,000 support retest and the risk of $60,000 turning to resistance. Bitcoin ( BTC ) appears to lack the strength to retest the $67,000 all-time high that it reached on Oct. 20 and this is causing investors to question whether or not the bullish moment has faded. Even with the price facing these hurdles, it’s still premature to call the $58,000 support level test the beginning of a descending channel. Bitcoin price in USD at Coinbase. Source: TradingView Among the factors limiting the rally is the regulatory uncertainty in the United States. Anne Termine , a partner in the government enforcement and investigations practice at Bracewell LLP and former chief trial attorney at the Commodities Futures Trading Commission (CFTC), said that “there are no easy answers” for the agency to provide clear rules. Increasing adoption, on the other hand, has been pressuring traditional banks to seek cryptocurren...

Bitcoin is witnessing modest profit-booking, but the long-term trend remains intact and altcoins like ETH, BNB, MATIC and FTM may remain in focus in the short term. The weekend failed to ignite bullish momentum from crypto investors and both Bitcoin ( BTC ) and Ether ( ETH ) turned down on Oct. 31. The bulls will now try to achieve the third successive weekly close and the first-ever monthly close above the psychological $60,000 level. $63,000 is another level of interest for traders because the stock-to-flow creator PlanB, projected this level as the “worst-case scenario” for October. In the recent past, PlanB’s worst-case theory was proven to be correct in August and September. Crypto market data daily view. Source: Coin360 Apart from the near-term interest, investors should remember that Bitcoin was launched on Jan. 3, 2009, at a price of $0.0008 and from there rallied 8,374,999,900% to hit a high at $67,000 . The journey for the hodlers was not easy as there were several...

By familiarizing themselves with the nuances of testnets, blockchain developers can become better equipped to evaluate specific testnet releases. Cointelegraph is following the development of an entirely new blockchain from inception to mainnet and beyond through its series, Inside the Blockchain Developer’s Mind. In previous parts, Andrew Levine of Koinos Group discussed some of the challenges the team has faced since identifying the key issues they intend to solve and outlined three of the “crises” that are holding back blockchain adoption: upgradeability , scalability , and governance . Blockchain testnets are an interesting subject because they come in all shapes and sizes. So, in this post, my goal is to leverage my inside experience as the CEO of Koinos Group (developers of Koinos) to demystify testnets and perhaps give some insight into why they seem to have such an impact on price. The most obvious place to start is with the name: test net. The purpose of a testnet i...

Halloween-inspired NFTs are gaining popularity this year, but will the trend continue over time and will they prove to be great investments? Halloween is traditionally known for costumes, candy and trick or treating, but this year, the holiday is transitioning to the virtual world as the metaverse unfolds . As such, nonfungible tokens, or NFTs, are being created to showcase Halloween themes in hopes of attracting collectors looking for themed drops.  Although Halloween-inspired NFTs appear to be a new concept, NFT artist Etsploit told Cointelegraph that Halloween holds a certain cultural importance that can't be dismissed: “I think people will collect NFTs for Halloween similar to that of NFT limited editions or releases of anything else.” Given this sentiment, Etsploit launched the “Mango Heroes” project, which is a series of NFTs built on the Solana blockchain and inspired by the decentralized trading platform Mango Markets. Etsploit noted that 7,000 “Mango Heroes” will be av...

What are decentralized-tech representatives most scared of? And what are their deepest fears in the crypto space? Tim Draper of Draper Associates and Draper Fisher Jurvetson: Tim is a pioneer of business ventures in the United States and a co-founder of Draper Fisher Jurvetson, a leading investment firm in early-stage tech startups. “I am fearless long-term. Bitcoin is coming. Short-term, it is spooky that some people are willing to give up this gift of freedom and trust in favor of government controls. Government controls have destroyed a lot of people’s lives and freedoms.” These quotes have been edited and condensed. The views, thoughts and opinions expressed here are the authors’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph. Sheila Warren of the World Economic Forum: Sheila is the head of data, blockchain and digital assets at the World Economic Forum. “My worst nightmare with the crypto industry is that it will start to b...

$60,000 would be a monthly record, but longstanding analysis demands a minimum of $63,000 by the start of November. Bitcoin ( BTC ) delivered fresh retests of $60,000 support on Oct. 31 with a matter of hours left until the crucial monthly close. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Record monthly close hangs by a thread Data from Cointelegraph Markets Pro and TradingView  showed lackluster price action on Sunday, with BTC/USD below the "worst case scenario" for its October close. Analysts were eagerly awaiting to see if the end of the month could provide a turnaround and prove the worst case theory correct for a third month running. Its creator, PlanB, father of the stock-to-flow model, correctly guessed the $47,000 and $43,000 finales for August and September respectively. Even without succeeding, however, finishing October above $60,000 would mark several achievements in itself. If #Bitcoin closes the week tomorrow above $60k, it would...

The Bitcoin white paper only has nine pages, yet it contained enough to change the world. Here's how it came to be 13 years ago. The 13th birthday of the Bitcoin ( BTC ) white paper has crept up just as the world continues to deal with a global pandemic, inflation fears, an astounding memecoin mania trend  and growing institutional adoption of the cryptocurrency space. On October 31, 2008, Satoshi Nakamoto released the Bitcoin white paper to a cryptography mailing list hosted by Metzdow. The Metzdow mailing list was run by a group of cypherpunks and was filled with ideas meant to create a form of digital currency: some of these have even been cited in the Bitcoin white paper. Satoshi’s white paper came in a message titled "Bitcoin P2P e-cash paper," in which Nakamoto explained that his digital currency is fully peer-to-peer (P2P) and requires no trusted third party for a transaction to occur. Through a peer-to-peer network, Bitcoin solved the double-spending problem....

We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and we throw in a few random zingers to keep them on their toes!   This week, our 6 Questions go to Yoni Assia, the co-founder and CEO of eToro. Yoni Assia is the co-founder and CEO of eToro, the social investing network with over 23 million registered users from more than 100 countries. Yoni is widely acknowledged as a crypto pioneer, having co-written the Colored Coins white paper with Ethereum creator Vitalik Buterin in 2013. In 2018, Yoni founded GoodDollar, a nonprofit initiative created to develop a sustainable and scalable framework for bringing a digital, universal basic income to the world via new crypto asset technologies. He has long been a champion of different approaches to wealth and capital distribution, initially introducing the GoodDollar concept in a white paper called The Visible Hand in 2008. Yoni holds a BA in Management and Computer Science, and an MSc in C...

A timely reinvestment of $3,200 worth of stimulus checks into Bitcoin would return a total profit of $4,514 (nearly 71%) by the end of October. An average American taxpayer received three rounds of stimulus checks from the United States government as a means to reignite the economy by increasing consumers’ spending potential. For many, this meant an opportunity to invest in Bitcoin ( BTC ). A Cointelegraph report from Aug. 26 shows that 11% of the respondents between the ages of 18 to 34 reinvested a part of their stimulus checks into cryptocurrencies . Adult Americans that reinvested the first round of stimulus payments from April 2020 into Bitcoin have realized a net profit of roughly 442%, turning a $1,200 investment into $5,304 as of Oct. 31, 2021. The second stimulus check of $600 was distributed between December 2020 and January 2021, just two months before Bitcoin achieved an all-time high of $65,000 for the first time. If reinvested in Bitcoin, the second check would return...

Today, Bitcoin maintains a stable trading value well above $60k after experiencing a gradual appreciation of 7,749,999,900% ever since its launch. The iconic Bitcoin ( BTC ) white paper celebrates thirteen years of financial disruption after being first published on Oct. 31, 2008, by an anonymous person or entity named Satoshi Nakamoto. The white paper , titled Bitcoin: A Peer-to-Peer Electronic Cash System, foresaw the need for a peer-to-peer online payment system that is self-governing, secure and limited in quantity. The Bitcoin network was launched on Jan. 03, 2009, having each Bitcoin priced at $0.0008. While Bitcoin was initially perceived as a threat by traditional financial institutions, thirteen years of community support and a growing user base have made Bitcoin one of the most profitable investments for the Internet age. Today, Bitcoin maintains a stable trading value well above $60k after experiencing a gradual appreciation of 7,749,999,900% ever since its launch. ...

Latinx communities are driving forward adoption, as crypto is proven to meet their diverse needs in a way that traditional finance cannot. Digital assets have recently become more and more prevalent in our daily lives — in the news, popular culture and our personal interactions. In the first quarter of 2021, the number of global daily Bitcoin ( BTC ) transactions hit 367,536. Bitcoin alone now accounts for around $20 billion of daily online transactions. Not only this, but those who are familiar with digital assets and cryptocurrencies trust them implicitly — Binance’s “Global Crypto User Index” for 2021 shows a 97% confidence in cryptocurrencies. Proportionally, members of Latinx communities in the United States have some of the highest rates of crypto adoption, with approximately 31% of Hispanic people owning Bitcoin and the same data stating that 25% of Bitcoin owners are Latinx. There are many reasons behind this impressive rate of adoption, not least of which is the fact th...