ūüďö The widely used Electrum cryptocurrency wallet has been under severe phishing attacks that are still ongoing since December 2018. The on-chain analysis firm Clain has been monitoring the situation and tracing the flow of stolen coins, concluding that the attacks can be grouped into roughly 2 rounds, "presumably orchestrated by at least 2 independently acting hackers," Clain asserts. The first group slowly aggregated funds on one address and then systematically converted the bitcoins to Monero in a series of transactions that never exceeded 1 BTC. The second round of phishing attacks is still running, according to Clain. These bitcoins were sent to the peer-to-peer exchange Bisq, again in amounts that didn't exceed 1 BTC. The below image is a sample of the pattern that the second hacker(s) followed to launder at least 372 BTC at the time Clain published this research¬†-¬†Link


0 Comments

balwinderdev

 
According to recent LinkedIn post, Circle is hiring a General Partner to raise a $100M venture capital fund; the firm acquired SeedInvest earlier this year, and will be looking to leverage their deal flow and network of investors - Link


0 Comments

balwinderdev

 
Maker token holders have voted for which tokens will be prioritized in multi-collateral Dai; according to the votes the priority list will be Ethereum, Augur, Basic Attention Token, 0x, DigixDAO, OmiseGo, and Golem; between 39 and 50 unique voters participated in voting for each asset - Link


0 Comments

balwinderdev

 
According to a blog post published today, Blockchain will integrate BitPay’s payment architecture into its wallet service; this partnership will allow Blockchain wallet users to pay merchants online or on mobile - Link


0 Comments

balwinderdev

 
Polkadot's experimental "canary" chain launched today with the goal of providing a sandbox for developers and even encouraging them to break the protocol; Kusama mimics what they can expect in Polkadot - deploying parachains, staking, nomination, validation, and even participating in governance - Link


0 Comments

balwinderdev

 
Central bankers, economists, financial organizations and government representatives from around the world are meeting in Jackson Hole for a week long symposium titled "Challenges for Monetary Policy"; this year's conference is highly anticipated given the global macroeconomic situation and fears of an impending recession; focus will be on signalling from the U.S. Fed regarding a likely rate cut at the September meeting, the second since the Great Recession - Link


0 Comments

balwinderdev