joserufo13
Open Trade
Occasional Trader
1.3 Years
hijito mío te amo...
17 Following
24 Followers
45 Liked
0 Shared
All
Quotes
Translate
Descubre las ganancias de mi inversión. ¡Sígueme para más información!
Translate
Descubre las ganancias de mi inversión. ¡Sígueme para más información!
Translate
Descubre las ganancias de mi inversión. ¡Sígueme para más información!
See original
Discover the gains from my investment. Follow me for more information!
See original
$BTC Shiba Inu (SHIB), one of the most popular assets in the crypto universe, showed renewed strength by registering a daily increase of 5%, bolstered by favorable technical signals, advancements in its ecosystem, and a more optimistic context for the market overall.
According to trader Shib Knight, SHIB managed to break the bearish trend it had been dragging since May 13, which opens the door to a possible cycle reversal. Meanwhile, Joe Mitoshi, another significant analyst, highlighted that the long-term chart shows a bullish setup and anticipated that if it surpasses the 1:1 line, the token could initiate a relevant rally.
According to trader Shib Knight, SHIB managed to break the bearish trend it had been dragging since May 13, which opens the door to a possible cycle reversal. Meanwhile, Joe Mitoshi, another significant analyst, highlighted that the long-term chart shows a bullish setup and anticipated that if it surpasses the 1:1 line, the token could initiate a relevant rally.
Translate
#BTCWhaleMovement Shiba Inu (SHIB), uno de los activos más populares del universo cripto, mostró una renovada fortaleza al registrar un alza diaria del 5%, apuntalado por señales técnicas favorables, avances de su ecosistema y un contexto más optimista para el mercado en general.
Según el trader Shib Knight, SHIB logró quebrar la tendencia bajista que arrastraba desde el 13 de mayo, lo que abre la puerta a una posible reversión de ciclo. En tanto, Joe Mitoshi, otro analista de peso, subrayó que el gráfico de largo plazo muestra una configuración alcista, y anticipó que si supera la línea 1:1, el token podría iniciar un rally relevante.
Según el trader Shib Knight, SHIB logró quebrar la tendencia bajista que arrastraba desde el 13 de mayo, lo que abre la puerta a una posible reversión de ciclo. En tanto, Joe Mitoshi, otro analista de peso, subrayó que el gráfico de largo plazo muestra una configuración alcista, y anticipó que si supera la línea 1:1, el token podría iniciar un rally relevante.
See original
#MuskAmericaParty El 'America Party' of Elon Musk would have been registered with the Electoral Commission
The 'America Party' of Elon Musk would be registered with the Electoral Commission according to reports originally appeared in TheStreet.
It has been a few days since Tesla's CEO (Nasdaq:TSLA), Elon Musk, who once supported cryptocurrencies like Bitcoin and Dogecoin, has been talking about launching a new political party in the U.S.
According to reports, it turns out that the political group has officially registered with the Federal Election Commission (FEC).
The new organization, called 'America Party (AMEP), was registered with the FEC on July 6 under file number FEC-1898441 and committee identification number FEC-C00910323.
The document mentions the candidate's name as Elon Reeve Musk and states:
This committee supports/opposes a single candidate and is NOT an authorized committee.
The treasurer and record keeper of AMEP is Vaibhav Taneja, who is the chief financial officer of Tesla.
The 'America Party' of Elon Musk would be registered with the Electoral Commission according to reports originally appeared in TheStreet.
It has been a few days since Tesla's CEO (Nasdaq:TSLA), Elon Musk, who once supported cryptocurrencies like Bitcoin and Dogecoin, has been talking about launching a new political party in the U.S.
According to reports, it turns out that the political group has officially registered with the Federal Election Commission (FEC).
The new organization, called 'America Party (AMEP), was registered with the FEC on July 6 under file number FEC-1898441 and committee identification number FEC-C00910323.
The document mentions the candidate's name as Elon Reeve Musk and states:
This committee supports/opposes a single candidate and is NOT an authorized committee.
The treasurer and record keeper of AMEP is Vaibhav Taneja, who is the chief financial officer of Tesla.
See original
#HODLTradingStrategy TON offers a 10-year visa for the UAE by staking 100,000 dollars in Toncoin
TON launches the UAE Golden Visa program, which requires only 100,000 dollars in TON staking, reducing the usual entry cost by 80%.
TON offers a 10-year visa for the UAE by staking 100,000 dollars in Toncoin
News
Update (July 6, 12 PM UTC): This article has been updated to include comments from Joe HedgeHog, partner at Sigil Fund.
The Open Network (TON), the blockchain platform derived from Telegram, has introduced a new pathway for residency in the United Arab Emirates, offering 10-year Golden Visas to applicants who stake 100,000 dollars in Toncoin (TON) for three years and pay a one-time processing fee of 35,000 dollars.
“Get your golden visa in less than 7 weeks from document submission to the Visa Office,” TON announced on Saturday, detailing that its UAE-based partners will handle visa processing and residency status confirmation.
Applicants retain control of their assets during the staking period through a decentralized smart contract verifiable on the TON blockchain. Additionally, the program promises estimated annual returns of 3% to 4% on staked assets, providing an incentive for cryptocurrency investors.
The Golden Visa program extends coverage to immediate family members, including spouses, children, and parents, at no additional cost beyond standard government fees.
Source: TON
TON reduces the entry cost of the golden visa by 80%
Conventional routes for the UAE Golden Visa typically require a minimum investment of 540,000 dollars in illiquid assets. In contrast, the TON program only requires 100,000 dollars in TON locked in staking, offering a significantly lower entry point.
TON launches the UAE Golden Visa program, which requires only 100,000 dollars in TON staking, reducing the usual entry cost by 80%.
TON offers a 10-year visa for the UAE by staking 100,000 dollars in Toncoin
News
Update (July 6, 12 PM UTC): This article has been updated to include comments from Joe HedgeHog, partner at Sigil Fund.
The Open Network (TON), the blockchain platform derived from Telegram, has introduced a new pathway for residency in the United Arab Emirates, offering 10-year Golden Visas to applicants who stake 100,000 dollars in Toncoin (TON) for three years and pay a one-time processing fee of 35,000 dollars.
“Get your golden visa in less than 7 weeks from document submission to the Visa Office,” TON announced on Saturday, detailing that its UAE-based partners will handle visa processing and residency status confirmation.
Applicants retain control of their assets during the staking period through a decentralized smart contract verifiable on the TON blockchain. Additionally, the program promises estimated annual returns of 3% to 4% on staked assets, providing an incentive for cryptocurrency investors.
The Golden Visa program extends coverage to immediate family members, including spouses, children, and parents, at no additional cost beyond standard government fees.
Source: TON
TON reduces the entry cost of the golden visa by 80%
Conventional routes for the UAE Golden Visa typically require a minimum investment of 540,000 dollars in illiquid assets. In contrast, the TON program only requires 100,000 dollars in TON locked in staking, offering a significantly lower entry point.
See original
#SpotVSFuturesStrategy Vitalik proposed a gas layer to improve the security and stability of Ethereum
Vitalik Buterin proposes EIP-7983 to limit transaction gas to 16.77 million, with the aim of increasing security, stability, and compatibility with Ethereum's zkVM.
Vitalik proposed a gas layer to improve the security and stability of Ethereum
News
Ethereum co-founder Vitalik Buterin and researcher Toni Wahrstätter have presented EIP-7983, which aims to introduce a protocol-level cap on gas usage in transactions to enhance the network's security and performance.
The proposal sets a maximum gas limit of 16.77 million (2²⁴) for individual transactions. "By implementing this limit, Ethereum can enhance its resilience against certain DoS attack vectors, improve network stability, and provide more predictability in transaction processing costs," the proposal states.
Under Ethereum's current architecture (ETH), a single transaction can theoretically consume the gas limit of the entire block, posing a risk of denial-of-service (DoS) attacks and leading to unpredictable network behavior.
By limiting individual transactions, EIP-7983 seeks to distribute gas consumption more evenly, reducing the likelihood that unique transactions will saturate block capacity.
Source: Cointelegraph
Gas limit to enhance compatibility with zkVM
The proposed limit is also designed to improve compatibility with zero-knowledge virtual machines (zkVMs) by encouraging large transactions to be split into smaller fragments.
According to the draft, transactions that specify gas limits exceeding 16.77 million would be rejected during block validation, ensuring that they cannot enter the network or be included in new blocks.
Vitalik Buterin proposes EIP-7983 to limit transaction gas to 16.77 million, with the aim of increasing security, stability, and compatibility with Ethereum's zkVM.
Vitalik proposed a gas layer to improve the security and stability of Ethereum
News
Ethereum co-founder Vitalik Buterin and researcher Toni Wahrstätter have presented EIP-7983, which aims to introduce a protocol-level cap on gas usage in transactions to enhance the network's security and performance.
The proposal sets a maximum gas limit of 16.77 million (2²⁴) for individual transactions. "By implementing this limit, Ethereum can enhance its resilience against certain DoS attack vectors, improve network stability, and provide more predictability in transaction processing costs," the proposal states.
Under Ethereum's current architecture (ETH), a single transaction can theoretically consume the gas limit of the entire block, posing a risk of denial-of-service (DoS) attacks and leading to unpredictable network behavior.
By limiting individual transactions, EIP-7983 seeks to distribute gas consumption more evenly, reducing the likelihood that unique transactions will saturate block capacity.
Source: Cointelegraph
Gas limit to enhance compatibility with zkVM
The proposed limit is also designed to improve compatibility with zero-knowledge virtual machines (zkVMs) by encouraging large transactions to be split into smaller fragments.
According to the draft, transactions that specify gas limits exceeding 16.77 million would be rejected during block validation, ensuring that they cannot enter the network or be included in new blocks.
See original
#SpotVSFuturesStrategy The most exciting adoption of cryptocurrencies is not happening on Wall Street. It is developing in high-growth markets where people use cryptocurrencies not to speculate, but out of necessity. These communities did not wait for the headlines. They built through each cycle and are now setting the pace for where the Web3 sector is headed.
High-growth markets lead adoption
Fifteen of the top 20 countries according to Chainalysis' 2024 Global Cryptocurrency Adoption Index are located in high-growth regions such as Indonesia, Vietnam, the Philippines, and Nigeria. These are not just speculative points. In many of these countries, cryptocurrencies are part of daily life. Unlike boom and bust markets, adoption here has not wavered. It is grounded in utility.
In many of these economies, cryptocurrencies help families facilitate remittances, provide a safer way to store value when local currencies are unstable, and allow small businesses to move money frictionlessly.
In the West, cryptocurrencies still have the allure of a high-risk investment. In high-growth markets, they are already integrated into daily life. This is what true adoption looks like.
High-growth markets lead adoption
Fifteen of the top 20 countries according to Chainalysis' 2024 Global Cryptocurrency Adoption Index are located in high-growth regions such as Indonesia, Vietnam, the Philippines, and Nigeria. These are not just speculative points. In many of these countries, cryptocurrencies are part of daily life. Unlike boom and bust markets, adoption here has not wavered. It is grounded in utility.
In many of these economies, cryptocurrencies help families facilitate remittances, provide a safer way to store value when local currencies are unstable, and allow small businesses to move money frictionlessly.
In the West, cryptocurrencies still have the allure of a high-risk investment. In high-growth markets, they are already integrated into daily life. This is what true adoption looks like.
See original
#DYMBinanceHODL U.S. Secret Service seized 400 million dollars in cryptocurrencies in the last decade
The Secret Service has quietly amassed one of the richest cold cryptocurrency wallets in the world with 400 million dollars seized, dismantling scams through blockchain investigation and VPN failures.
U.S. Secret Service seized 400 million dollars in cryptocurrencies in the last decade
News
The U.S. Secret Service has discreetly seized nearly 400 million dollars in digital assets over the last decade, amassing one of the largest cold cryptocurrency wallets in the world, Bloomberg reported on Saturday, citing sources familiar with the matter.
The agency's Global Investigative Operations Center (GIOC) has tracked funds through open-source tools, blockchain analysis, and patience, Jamie Lam, a research analyst at the U.S. Secret Service, reportedly told law enforcement officials last month.
The agency's cryptocurrency treasure, much of which resides in a single cold storage wallet, is the result of a series of investigations into scams. In a typical scheme, scammers lure their victims to seemingly legitimate cryptocurrency investment platforms. Victims often see initial gains before the sites disappear with their money.
"This is how they do it," Lam said. "They'll send you a picture of a really attractive guy or girl. But it's probably an old man in Russia."
Source: U.S. Secret Service
Blockchain traces unmask cryptocurrency scams
Lam's team uses domain records, blockchain transactions, and VPN failures to identify scammers. In one case, a cryptocurrency payment led investigators to another wallet. In another, a brief VPN failure exposed an IP address, helping agents reconstruct the digital trail of the scam.
The Secret Service has quietly amassed one of the richest cold cryptocurrency wallets in the world with 400 million dollars seized, dismantling scams through blockchain investigation and VPN failures.
U.S. Secret Service seized 400 million dollars in cryptocurrencies in the last decade
News
The U.S. Secret Service has discreetly seized nearly 400 million dollars in digital assets over the last decade, amassing one of the largest cold cryptocurrency wallets in the world, Bloomberg reported on Saturday, citing sources familiar with the matter.
The agency's Global Investigative Operations Center (GIOC) has tracked funds through open-source tools, blockchain analysis, and patience, Jamie Lam, a research analyst at the U.S. Secret Service, reportedly told law enforcement officials last month.
The agency's cryptocurrency treasure, much of which resides in a single cold storage wallet, is the result of a series of investigations into scams. In a typical scheme, scammers lure their victims to seemingly legitimate cryptocurrency investment platforms. Victims often see initial gains before the sites disappear with their money.
"This is how they do it," Lam said. "They'll send you a picture of a really attractive guy or girl. But it's probably an old man in Russia."
Source: U.S. Secret Service
Blockchain traces unmask cryptocurrency scams
Lam's team uses domain records, blockchain transactions, and VPN failures to identify scammers. In one case, a cryptocurrency payment led investigators to another wallet. In another, a brief VPN failure exposed an IP address, helping agents reconstruct the digital trail of the scam.
See original
#AppleCryptoUpdate European Central Bank fears that stablecoins will diminish power
Christine Lagarde, president of the financial institution, claims that cryptocurrency can undermine its ability to manage monetary policy.
by Nickolas Plaza July 5, 2025 Reading time: 4 minutes
European Central Bank at the bottom and Tether coins at the forefront.
For the president of the ECB, stablecoins should not be treated as money. Source: Image generated by CriptoNoticias using Grok.
The total market capitalization of stablecoins reached a historic record of USD 228 billion.
The United States is promoting the use of stablecoins through regulations.
Stablecoins are reshaping the global financial landscape and raising alarms at the European Central Bank (ECB).
Christine Lagarde, president of the ECB, warned that these cryptocurrencies threaten to erode the ability of central banks to control monetary policy, a key pillar of the fiat system.
Christine Lagarde, president of the financial institution, claims that cryptocurrency can undermine its ability to manage monetary policy.
by Nickolas Plaza July 5, 2025 Reading time: 4 minutes
European Central Bank at the bottom and Tether coins at the forefront.
For the president of the ECB, stablecoins should not be treated as money. Source: Image generated by CriptoNoticias using Grok.
The total market capitalization of stablecoins reached a historic record of USD 228 billion.
The United States is promoting the use of stablecoins through regulations.
Stablecoins are reshaping the global financial landscape and raising alarms at the European Central Bank (ECB).
Christine Lagarde, president of the ECB, warned that these cryptocurrencies threaten to erode the ability of central banks to control monetary policy, a key pillar of the fiat system.
See original
#TrumpVsMusk What are stablecoins? What you need to know about the "stable cryptocurrencies" being debated in the U.S. Congress.
By John Towfighi
4 min read
10:05 ET (14:05 GMT) June 5, 2025
What you need to know about the Trump family's plan to sell a ...
02:31
CNN
—
Stablecoins are about to become commonplace, analysts say, as a historic regulatory bill moves forward in Congress.
The Senate is deliberating on the GENIUS Act, which would establish a framework to regulate stablecoins or, in English, stable cryptocurrencies. The bill overcame a significant procedural hurdle in the Senate last week after initial resistance from some Democrats.
Stablecoins are a type of crypto asset linked to the value of another currency, such as the U.S. dollar or gold. They were initially created so that cryptocurrency investors could store their money, but they have gained popularity in recent years due to their use in digital payments.
The historic bill would boost the legitimacy of the cryptocurrency industry and is another example of how virtual currencies have experienced a significant resurgence under the second term of President Donald Trump.
Cryptocurrency advocates have welcomed the focus on advancing stablecoin regulation. However, critics have pointed out the Trump family's connections to the cryptocurrency industry: for example, World Liberty Financial, a company linked to that family, has issued its own stablecoin.
CNN 1019426 - Will cryptocurrency displace traditional banking?
RELATED ARTICLE
OPINION | New gold: how and why the second generation of cryptocurrencies could become the new standard of the global economy
"Stable cryptocurrencies seem to have arrived to stay," said analysts at JPMorgan Chase in an April note. "A few years ago, we would probably have debated the truth of that statement. Today, we do not."
By John Towfighi
4 min read
10:05 ET (14:05 GMT) June 5, 2025
What you need to know about the Trump family's plan to sell a ...
02:31
CNN
—
Stablecoins are about to become commonplace, analysts say, as a historic regulatory bill moves forward in Congress.
The Senate is deliberating on the GENIUS Act, which would establish a framework to regulate stablecoins or, in English, stable cryptocurrencies. The bill overcame a significant procedural hurdle in the Senate last week after initial resistance from some Democrats.
Stablecoins are a type of crypto asset linked to the value of another currency, such as the U.S. dollar or gold. They were initially created so that cryptocurrency investors could store their money, but they have gained popularity in recent years due to their use in digital payments.
The historic bill would boost the legitimacy of the cryptocurrency industry and is another example of how virtual currencies have experienced a significant resurgence under the second term of President Donald Trump.
Cryptocurrency advocates have welcomed the focus on advancing stablecoin regulation. However, critics have pointed out the Trump family's connections to the cryptocurrency industry: for example, World Liberty Financial, a company linked to that family, has issued its own stablecoin.
CNN 1019426 - Will cryptocurrency displace traditional banking?
RELATED ARTICLE
OPINION | New gold: how and why the second generation of cryptocurrencies could become the new standard of the global economy
"Stable cryptocurrencies seem to have arrived to stay," said analysts at JPMorgan Chase in an April note. "A few years ago, we would probably have debated the truth of that statement. Today, we do not."
See original
#BTCWhaleMovement Bitcoin reached a resistance at 110,000 dollars, but BNB, SOL, LINK, AAVE look promising
Bitcoin fell close to the ceiling of 110,000 dollars, but the price reset could give BNB, SOL, LINK, and AAVE the opportunity to bounce back.
Bitcoin reached a resistance at 110,000 dollars, but BNB, SOL, LINK, AAVE look promising
Price Analysis
Key Point:
Bitcoin's bounce from the moving averages may improve sentiment, pushing BNB, SOL, LINK, and AAVE above their upper resistance levels.
Bitcoin's failure
BTC
91,876 €
to close above 110,000 dollars may have attracted profit-taking by short-term traders. This has brought the price close to 108,000 dollars. Crypto analyst Daan Crypto Trades said in a post on X that a close above 110,000 dollars would be good for Bitcoin, but a drop below 108,000 dollars could deepen the correction.
Some analysts bet that the "Big Beautiful Bill" from US President Donald Trump will act as a catalyst to push the price above the all-time high. The prediction service Kalshi expects that the US national debt will reach 40 trillion dollars by 2025, a massive increase from 23.2 trillion dollars in 2020. History shows that increases in US borrowing have driven the price of Bitcoin. For example, the price of Bitcoin skyrocketed by approximately 38% after Trump signed a COVID-19 related spending bill at the end of 2020.
Bitcoin fell close to the ceiling of 110,000 dollars, but the price reset could give BNB, SOL, LINK, and AAVE the opportunity to bounce back.
Bitcoin reached a resistance at 110,000 dollars, but BNB, SOL, LINK, AAVE look promising
Price Analysis
Key Point:
Bitcoin's bounce from the moving averages may improve sentiment, pushing BNB, SOL, LINK, and AAVE above their upper resistance levels.
Bitcoin's failure
BTC
91,876 €
to close above 110,000 dollars may have attracted profit-taking by short-term traders. This has brought the price close to 108,000 dollars. Crypto analyst Daan Crypto Trades said in a post on X that a close above 110,000 dollars would be good for Bitcoin, but a drop below 108,000 dollars could deepen the correction.
Some analysts bet that the "Big Beautiful Bill" from US President Donald Trump will act as a catalyst to push the price above the all-time high. The prediction service Kalshi expects that the US national debt will reach 40 trillion dollars by 2025, a massive increase from 23.2 trillion dollars in 2020. History shows that increases in US borrowing have driven the price of Bitcoin. For example, the price of Bitcoin skyrocketed by approximately 38% after Trump signed a COVID-19 related spending bill at the end of 2020.
See original
#BTCWhaleMovement BTC dropped to $107,000 despite an inflow of $1 billion into spot BTC ETFs
The drop in Bitcoin reflects market anxiety about the U.S. economy and inactive BTC wallets moving billions of dollars in BTC.
BTC dropped to $107,000 despite an inflow of $1 billion into spot BTC ETFs
Market Analysis
Key Points:
Despite $1 billion in inflows from spot BTC ETFs, Bitcoin fell 2.8% as the market digested a wallet transfer of billions of dollars from the 2011 era.
U.S. import tariffs and fiscal deficits are likely weighing on Bitcoin investor sentiment.
Bitcoin
BTC
€91,832
traded down to $107,400 on Friday after facing strong resistance near the $110,500 level on Thursday. The drop coincided with $1 billion in net inflows into spot Bitcoin exchange-traded funds (ETFs) over two days. Traders are now scrambling to justify the 2.8% decline, even though BTC had remained around $107,400 for most of the previous week.
Net inflows from spot Bitcoin ETFs, US$. Source: CoinGlass
This drop could simply reflect profit-taking ahead of the weekend, particularly given that Bitcoin was only 1.5% below its all-time high. Investors remain wary of potential negative effects from a global trade war, especially after U.S. President Donald Trump reaffirmed Wednesday's deadline for raising import tariffs.
Inactive Bitcoin wallet spooks the market by moving 80,000 BTC
Some market participants argue that investors were alarmed after a long-inactive Bitcoin wallet moved coins for the first time in years.
The drop in Bitcoin reflects market anxiety about the U.S. economy and inactive BTC wallets moving billions of dollars in BTC.
BTC dropped to $107,000 despite an inflow of $1 billion into spot BTC ETFs
Market Analysis
Key Points:
Despite $1 billion in inflows from spot BTC ETFs, Bitcoin fell 2.8% as the market digested a wallet transfer of billions of dollars from the 2011 era.
U.S. import tariffs and fiscal deficits are likely weighing on Bitcoin investor sentiment.
Bitcoin
BTC
€91,832
traded down to $107,400 on Friday after facing strong resistance near the $110,500 level on Thursday. The drop coincided with $1 billion in net inflows into spot Bitcoin exchange-traded funds (ETFs) over two days. Traders are now scrambling to justify the 2.8% decline, even though BTC had remained around $107,400 for most of the previous week.
Net inflows from spot Bitcoin ETFs, US$. Source: CoinGlass
This drop could simply reflect profit-taking ahead of the weekend, particularly given that Bitcoin was only 1.5% below its all-time high. Investors remain wary of potential negative effects from a global trade war, especially after U.S. President Donald Trump reaffirmed Wednesday's deadline for raising import tariffs.
Inactive Bitcoin wallet spooks the market by moving 80,000 BTC
Some market participants argue that investors were alarmed after a long-inactive Bitcoin wallet moved coins for the first time in years.
See original
#BTCWhaleMovement There is a small possibility" that the transfer of 8.6 billion dollars in Bitcoin was a hack, according to a Coinbase executive
The Coinbase executive says he is just speculating, but if true, it would be "by far the largest heist in human history".
"There is a small possibility" that the transfer of 8.6 billion dollars in Bitcoin was a hack, according to a Coinbase executive
News
Conor Grogan, head of product at Coinbase, says there is a small possibility that the 8.6 billion dollars in Bitcoin that moved on Thursday, from eight wallets that had held Bitcoin for over 14 years, was due to a hack, and if so, it could be the largest theft in history.
“If true (again, I’m speculating without basis), this would be by far the largest theft in human history,” Grogan said in a post on X on Friday, after mentioning the slim possibility that the 8.6 billion dollars in Bitcoin
BTC
€91,824
that moved from eight separate wallets was the work of malicious actors.
A suspicious BCH transaction puzzles Grogan
“There is a small possibility that the 8 billion dollars in BTC that recently moved was hacked or the private keys were compromised,” Grogan said, pointing to a suspicious Bitcoin Cash
BCH
€412.98
transaction made before the significant transfers on Thursday, which involved 10,000 Bitcoin at a time.
The Coinbase executive says he is just speculating, but if true, it would be "by far the largest heist in human history".
"There is a small possibility" that the transfer of 8.6 billion dollars in Bitcoin was a hack, according to a Coinbase executive
News
Conor Grogan, head of product at Coinbase, says there is a small possibility that the 8.6 billion dollars in Bitcoin that moved on Thursday, from eight wallets that had held Bitcoin for over 14 years, was due to a hack, and if so, it could be the largest theft in history.
“If true (again, I’m speculating without basis), this would be by far the largest theft in human history,” Grogan said in a post on X on Friday, after mentioning the slim possibility that the 8.6 billion dollars in Bitcoin
BTC
€91,824
that moved from eight separate wallets was the work of malicious actors.
A suspicious BCH transaction puzzles Grogan
“There is a small possibility that the 8 billion dollars in BTC that recently moved was hacked or the private keys were compromised,” Grogan said, pointing to a suspicious Bitcoin Cash
BCH
€412.98
transaction made before the significant transfers on Thursday, which involved 10,000 Bitcoin at a time.
Login to explore more contents