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BTC Wallet Containing 2207 Bitcoin Worth $150 Million Woke Up After 8 Years

Mark Brennan
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BTC Wallet Containing 2207 Bitcoin Worth $150 Million Woke Up After 8 Years

A Bitcoin wallet containing 2,207 bitcoins (roughly $150 million at current prices) has become active for the first time in more than eight years, according to data from blockchain.com.



These coins were worth $294,287 when the address in question went dormant, which means the address gained a whopping 51,044% over the aforementioned time period.

The wallet moved all 2207 bitcoins and now the address holds only 87 USD.

While it is not entirely clear why the wallet owner decided to move his coins right now, it is safe to assume that he or she wants to make huge profits during the ongoing rally in Bitcoin after two brutal bear markets.

It is also possible that the holder was lucky enough to recover his mnemonic phrase eight years later.

In January, former Ripple CTO Stefan Thomas revealed that he could not access his bitcoin wallet, which contains $469 million worth of BTC.

Hacked Personal Data Of Robinhood Users For Sale On Darknet

Mark Brennan
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Hacked Personal Data Of Robinhood Users For Sale On Darknet

A well-known user of the Darknet announced the sale of the personal data of Robinhood users.



This was reported by the Russian Telegram channel “Data Leaks“.

darknet user selling robinhood data

 

Robinhood customer data is available for sale on Darknet. The seller offers a list of 5 million emails and the full names of 2 million Robinhood customers.

The seller also states that the extended data of 310 users, including name, date of birth, and zip code, are not yet for sale.

Recall that recently Robinhood reported that attackers obtained a list of email addresses of about five million people and the full names of about two million users. Also, 310 accounts with their additional personal information are compromised, including name, date of birth, and mailing address, with a subset of approximately 10 customers having more extensive account details revealed.

According to Robinhood, social security numbers and bank card details were not disclosed and none of the users suffered financial losses.

Twitter Forms A Dedicated Crypto Team To Become A Center Of Excellence For Everything In Blockchain And Web3

Albert Brown
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Twitter Forms A Dedicated Crypto Team To Become A Center Of Excellence For Everything In Blockchain And Web3

Twitter has formed a dedicated team to research opportunities in the cryptocurrency space.



Twitter is set to become “the center of excellence for everything in blockchain and Web3.”

Twitter has chosen Tess Rinearson to be its crypto engineering lead.

 

Tess Rinearson introduced comprehensive details of what Twitter is planning to do:

First, they’ll build decentralized apps (DApps) for creators to manage virtual goods, currencies, and ways for their fans to support their community.

Farther down the road, Rinearson hinted that her team will look to crypto tech to augment identity, community, and ownership on Twitter.

In addition, Rinearson notes that her team will collaborate with Blue Sky, Twitter’s decentralized social networking project to help shape the future of decentralized social media.

 

She Said:

“As I build out the team, we’ll be working to figure out what crypto can do for Twitter, as well as what Twitter can do for crypto. Twitter truly “gets” crypto (hello bitcoin tipping & NFTs!) but there’s so much more to explore here.

First, we’ll be exploring how we can support the growing interest among creators to use decentralized apps to manage virtual goods and currencies and to support their work and communities.

Looking farther ahead, we’ll be exploring how ideas from crypto communities can help us push the boundaries of what’s possible with identity, community, ownership, and more.

And, of course, we’ll be working closely with the BlueSky team to help shape the future of decentralized social media (and to make sure that Twitter stays on the cutting edge of this new landscape, too!).

Twitter Crypto will underpin all of this work, and serve as a “center of excellence” for all things blockchain at Twitter. We’ll be hiring for roles in engineering and product. If this sounds exciting, please get in touch! My DMs, as always, are open.”

 

A Supermarket Worker From A Low-Income Background Became Shiba Inu Millionaire

Mark Brennan
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A Supermarket Worker From A Low-Income Background Became Shiba Inu Millionaire

A worker at a supermarket quit his job after he became a Shiba Inu millionaire.



Rob is a 35-year-old supermarket employee from North England who is able to earn life-changing money from Shiba Inu cryptocurrency, Fortune reports.

After he came across this SHIB token’s ” woof paper, a play on the term white paper” which explains SHIB philosophy as an “experiment in decentralized spontaneous community building.” The woof paper also stated, “Shiba Inus are incredible dogs.”

After reading about SHIB, Rob was convinced to put his money on SHIB.

“After reading that, I was hooked…I just believed the words.”

He began investing his hard-earned money into Shiba Inu back in February at a time when the Dogecoin competitor was not that big.

The gamble that was risky for a supermarket worker worked extremely well. Rob invested 8000 dollars into SHIB in February, and his portfolio grew by 1,200% in May, which was the month the Shiba Inu got reasonable public attention.

 

Rob claims he felt very emotional after taking out half a million dollars and watching the cumulative amount in his bank account

“I’m from a pretty low-income background. I never could have imagined having this much money.”

In a state of bliss, The buyer was so happy that he quit his warehouse job after becoming a Shiba Inu millionaire. Rob is now working from home. Alongside taking caring for his son, Rob actively engages in a growing SHIB community.

He is still keeping seven figures sum worth of Shiba Inu, as well as numerous other Doge Killer like (LEASH).

Find out what you can expect from the crypto exchange

Mark Brennan
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Find out what you can expect from the crypto exchange

If you’re new to cryptocurrency trading, finding a platform where you can buy and sell commodities like bitcoin, Ethereum, or Litecoin might be a difficult task. Staking incentives, leverage trading, crypto trading platforms, and more are standard features on most cryptocurrency exchanges. You’ll need to utilize a cryptocurrency exchange if you want to purchase or sell cryptocurrencies. You may buy and trade digital currencies such as bitcoin, Ethereum, and dogecoin using these online platforms. Find out which cryptocurrency exchange is perfect for your needs by reading on.

What exactly is a cryptocurrency exchange?

It is possible to purchase and sell cryptocurrencies on a crypto exchange. A crypto-to-crypto currency exchange may let you swap one cryptocurrency for another, such as changing Bitcoin to Litecoin. Exchanging platforms show the current market price for each cryptocurrency. Cryptocurrency trading for other properties, primarily digital and fiat currencies, is made possible via cryptocurrency exchanges. When it comes to making money, cryptocurrency exchanges serve as a middleman between buyers and sellers, facilitating transactions while collecting royalties and transactions costs. Cryptocurrency exchanges are online platforms where consumers may trade their fiat money for cryptocurrencies and the other way around.

Necessities when you look for crypto exchange

Here’s whatever you need to learn about why picking the correct crypto exchange is critical and what experts suggest assessing before making your decision.

Improve the crypto exchanges more accessible

Depending on where you live, you may not be able to purchase or sell cryptocurrency on some exchanges. Cryptocurrency exchanges may not be accessible in certain countries, such as Australia. Information on an exchange’s geographic boundaries and accessibility issues, such as the national currencies it accepts, may typically be found in terms of service or on its website.

Ensure safety or storage

If you have cryptocurrencies, you don’t have the same level of security as money in a bank account or conventional investments. Coinbase and Gemini, two of the most popular cryptocurrency exchanges, store their funds in the United States.

Some crypto exchanges feature insurance coverage to safeguard their users’ digital currency from hacking or fraud, so you can keep your crypto safe. Regardless of whether you want to store your cryptocurrency in an exchange or merely use it for a short period before transferring it within your own wallet, the exchange’s security should be your first concern.

However, if you’re starting off, an exchange that enables you to store your crypto in your online account is an excellent option. Eventually, after you’ve acquired more about storage choices or expanded your assets, you may decide to retain your crypto with your own wallet. In the future, if you desire to take your coins off the exchange, you may find yourself unable to do so if the sale does not provide the option of moving your cash with your own cold wallet, for example.

Look at the exchange rate or Liquidity before exchanging cryptocurrencies.

Consider fees, but don’t allow a hefty cost structure to dissuade you from using an exchange. Exchange costs might range from a flat charge to a percentage of the amount of your transaction. As prices fluctuate, specific exchangers such as Cash App offer varying fees. In terms of trading costs and spreads, Australian cryptocurrency exchanges are among the best in the world. Depending on the currency you are trading, you may be charged additional fees. Do your due diligence before giving over any of your hard-earned money to a cryptocurrency exchange. While using the Swyftx brokerage account, a cryptocurrency price monitoring site, the transaction volume of several trades is continuously tracked.

To guarantee that your crypto assets are liquid enough to sell whenever you want, the exchange you use should have a sufficient number of trades. This is another situation in which size does matter. Often, the most prominent sales are also the ones with the highest volume of transactions. By utilizing global liquidity providers, Swyftx crypto exchange features offer most affordability or modest fees.

You have a better chance of getting the best price for your crypto if there are a lot of transactions taking place at the same time on an exchange. Your transaction may not include until the price has risen again on an exchange with low trading activity, which means that you may wind up paying more than you expected.

 

 

Robinhood’s Chief Operating Officer (COO) Praises Shiba Inu Community

Albert Brown
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Robinhood’s Chief Operating Officer (COO) Praises Shiba Inu Community

Robinhood was one of the contributing factors that led to Shiba Inu making major gains last month. The COO of the exchange has now come out to praise Shiba Inu for creating engagement with its users.


 

Last month, Shiba Inu made a major rally towards highs of $0.000086, and the majority of these gains were attributed to speculation that the altcoin would be listed on Robinhood. The Shiba Inu community had stepped in with a petition to convince the exchange to list SHIB. The petition has currently garnered over 500,000 signatures.

 

Christine Brown, chief operating officer at Robinhood Crypto praises SHIB community:

“When SHIB? One of my favorite things is seeing the community around these coins. You know, they really engage with us and really let us know what they want.”

 

However, the COO of Robinhood, Christine Brown, has stated that the exchange focuses on a safety-first approach before listing any coins.

Therefore, she noted that before any decision was made regarding listing an asset, the exchange needed to assess the regulatory feasibility. Therefore, the firm was not after the short-term gains of a coin that would affect the long-term tradeoff for users.

“We think that the short-term gain that we might get is not worth the long-term trade-off for our users. We wanna make sure that we are working and assessing everything from a regulatory perspective. And we are a “safety first” company. That’s how we are going to play it.”

After MiamiCoin, New York City Is Getting Its Own City Coin (NYCCoin)

Mark Brennan
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After MiamiCoin, New York City Is Getting Its Own City Coin (NYCCoin)

The team of CitуCoins that launched Miami coin will launch New York City Token.

According to Bloomberg the New York City token (NYCCoin) after MiamiCoin will be launched on Wednesday.

Read: Newly Elected NYC Mayor, Eric Adams Says New York City Schools Should Teach Crypto



CityCoins has announced that NYCCoin will be the next token to launch, with mining slated to begin Wednesday at 3 p.m. EST. It will be the second CityCoin to launch after MiamiCoin.

The CityCoins are programmable tokens aimed at bringing an additional revenue stream to local governments through residents’ mining of the tokens. Those who run the software earn a percentage of the coins they mint.

Users received 70% and 30% returned to the municipality in a city wallet in the form of STX tokens that can be converted to dollars should the city choose to access the wallet and convert.

New York City Mayor-elect Eric Adams indicated his interest in the project in an interview with Bloomberg last week. He told the outlet he’s “going to look in the direction to carry that out,” in New York.

 

CityCoins said that so far, all conversations with Adams’ camp have taken place in the public forum on Twitter. The way CityCoins sees it, his comments signaled to the community that the project is welcome in the city, and the CityCoins responded by activating the possibility of mining an NYC token. It’s on New Yorkers to do the rest.

No official collaboration between the project and the city of New York has taken place, but the city can access its funds in its city wallet.

Still, Adams has signaled his support post announcement, retweeting CityCoins’ announcement with the message:

“We’re glad to welcome you to the global home of Web3! We’re counting on tech and innovation to help drive our city forward.”

 

Miami Mayor Francis Suarez is bullish on the MiamiCoin, estimating MiamiCoin could generate the city $60 million over the course of the year. It’s already generated $21.3 million since its launch in August, according to CityCoins.

 

Austria Will Tax Cryptocurrencies Like Stocks

Jakkk
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Austria Will Tax Cryptocurrencies Like Stocks

The Austrian Finance Ministry wants to boost cryptocurrencies by taxing them like stocks and bond investments.



Austrians will pay a 27.5% capital gains tax on crypto tokens from March 2022.

According to Bloomberg, the Austrian Ministry of Finance said the new tax would level the playing field for cryptocurrencies and traditional assets:

“We are taking a step in the direction of equal treatment, to reduce mistrust and prejudice toward new technologies. Our tax framework would be the first of its kind in the European Union and will improve fairness among investors by streamlining conditions between different classes of assets.”

The new tax will be introduced in March 2022. The tax will only apply to the sales of the coins. Buying and holding of tokens will not be taxed. In addition, some compensation is expected if digital assets are sold at a loss.

Austria will become the first country in Europe to impose a tax on cryptocurrencies similar to the tax on income from trading stocks. As the capitalization of the cryptocurrency market is approaching $3 trillion, other countries are thoughtfully examining introducing taxes on income from trading digital assets.

 

Amazon Customers Will Be Able To Pay With Venmo, A Paypal Mobile Payment Service That Support BTC, ETH, LTC and BCH

Albert Brown
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Amazon Customers Will Be Able To Pay With Venmo, A Paypal Mobile Payment Service That Support BTC, ETH, LTC and BCH

Mobile payment service Venmo (owned by the payment company PayPal which recently added support for cryptocurrencies) users will be able to pay for purchases on Amazon.



According to a press release from PayPal, the partnership with Amazon, one of the world’s largest online retailers, will enable more than 80 million US Venmo users to use Amazon’s online shopping service and mobile app next year using a Venmo account.

Venmo recently conducted a consumer behavior study, It found that 65% of people were more likely to shop online during the pandemic, and 47% of survey participants are interested in using Venmo when shopping online.

Venmo supported payments in BTC, ETH, LTC, and BCH since April, the PayPal-Amazon collaboration will drive the massive adoption of cryptocurrencies in payments.

 

Ben Volk, director of international payments development at Amazon, said that recently it has become important for shoppers to have multiple payment options when shopping.

Venmo Senior Vice President Darrell Esch added:

“Over the last year, we have focused on giving our Venmo community more ways to use Venmo in their daily lives, including the ability to pay with QR Codes and providing more shopping features like purchase protections, We’re thrilled to make it possible for our users and Amazon customers to pay with Venmo starting next year.”

The facility to pay with Venmo on Amazon will be ready in 2022.

Ethereum Co-Founder And Head of MetaMask Parent Company ConsenSys, Joseph Lubin Says Stay Tune for MetaMask Token (MASK)

Mark Brennan
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Ethereum Co-Founder And Head of MetaMask Parent Company ConsenSys, Joseph Lubin Says Stay Tune for MetaMask Token (MASK)

The head of ConsenSys and co-founder of the second-largest crypto (ETH), Joseph Lubin hinted that his company’s (ConsenSys) non-custodial wallet MetaMask may launch its own token.


 

The comments came when Coindesk journalist Andrew Thurman said that MetaMask will never issue its own digital asset, as investment bank JPMorgan, owns at least 10% of the shares in ConsenSys.

Andrew Thurman said:

“Not gonna happen jpm owns at least 10% of mm’s controlling entity they dont want tokens on the balance sheet i bet.”

Lubin replied:

“Andrew, ConsenSys has thousands of tokens on our balance sheet. ConsenSys is vigorously controlled by its employees, which includes me. And we are driving towards decentralization of several of our projects. Wen $MASK? Stay tuned. Wen objective journalism, ser?”

 

Thurman explained his position by saying that JPMorgan is unlikely to give up its stake in the company or dilute it.

“Traditionally, when a project raises funds from investors, it does so either directly with tokens, or through equity capital, which is subsequently converted into tokens. If MetaMask does tokenize and decentralize, JPMorgan probably wants its share. How they get it seems to be a tricky question, ” he wrote.

MetaMask charges 0.875% on every trade made through its plugin. This is significantly higher than the fees of other decentralized platforms like SushiSwap and Curve. Considering that the wallet is actively used by more than 10 million people, it has become a fairly profitable business.

Momir Amidzic, the senior consultant at venture capital firm IOSG, used Dune Analytics to calculate the ConsenSys income from MetaMask. In 2021 alone, the wallet brought the company more than $195.5 million.

As a reminder, ConsenSys funding round would value the crypto start-up at $3bn according to financial Times.

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