Cryptheory: Crypto and Internet

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18.01.[News of the day] • 4,600 ETH allegedly stolen from CryptoCom • and other articles

5 min read

Welcome to today’s overview:


It can be said that in the last few days, the primary cryptocurrency has not been very successful. On January 15, after an impressive rise, it climbed to just over $ 44,000.

However, did not manage to overcome this level because the bears tightened their grip. A few hours later, BTC first fell to $ 43,000 before another price drop brought it to around $ 42,000, as we reported yesterday.

BTC stayed there for a while, and it seemed that he could stay at that level, but the bears pushed him south again. In the following hours, BTC dropped to around $ 41,500, which was a weekly low. Initially, it bounced back to over $ 42,000, but again it failed to catch up here and is currently hovering around this level.

The Altcoins have also been offended in recent days. ETH traded above $ 3,400 last week before being pushed south by a market-wide correction. In just the last 24 hours, ETH has lost more than 4% and is now just above $ 3,100.

BTC analysis – indecision continues, but in the long run we are still bullish

Cardano analysis – price at local maximum? We don’t have to reach $ 2.15 now


4,600 ETH allegedly stolen from CryptoCom

A report by PeckShield, which deals with blockchain security, states that an attack against the popular crypto exchange led to the withdrawal of 4,600 ETH from the platform. The company also claims that there was no loss of user funds. Yesterday, reports began to emerge that the Singapore platform was suspicious and had to suspend selections.

The exchange later confirmed the report after some users complained that their funds had disappeared. However, CryptoCom insisted that “all funds are safe” and stated that it had launched an investigation. The company also reset 2FA of all its users.

PeckShield, on the other hand, said the hackers actually managed to drain about 4,600 ETH (worth about $ 15 million). In addition, the blockchain security company has assured that offenders are currently laundering funds through an ETH-based TornadoCash coin mixer.

A rare black diamond from space will be auctioned for cryptocurrencies

A precious black diamond from the depths of space will go up for auction in the coming months. Sotheby’s online auction house has announced that buyers can pay using cryptocurrency.

The gemstone, known as “The Enigma”, is a rare black diamond weighing 555 carats. It has been in the same collection for more than 20 years. The jewelry is expected to sell between $ 4.1 million and $ 6.8 million at an auction hosted by Sotheby’s in Dubai.

The insanely beautiful and rare black diamond has a history. In 2004, the Gemological Institute of America and the Swiss House Gübelin named it the largest and most extravagant black diamond of natural color in the world. Two years later, in 2006, according to the Guinness Book of Records, it was listed as the largest cut diamond in the world. [2b]

Banks, crypto exchanges, companies

Binance is working with the energy giant Thai billionaire to set up a crypto exchange

Binance, the world’s largest crypto exchange, has teamed up with Sarath Ratanavadi’s Gulf Energy Development to help set up a digital asset trading platform in Southeast Asia.

Gulf Energy said the agreement with Binance was a response to the “rapid growth” of Thailand’s digital infrastructure in the near future, the company said in a statement filed on Monday at the Bangkok Stock Exchange. The two companies will explore the possibility of setting up a crypto exchange and related business in Thailand, Gulf Energy said.

Binance called the collaboration a “first step” in exploring opportunities in Thailand.

“Our goal is to work with the government, regulators and innovative companies to develop the crypto and blockchain ecosystem in Thailand.”

– said a company spokesman.

Korean exchange Bithumb will launch the NFT marketplace

Korean crypto exchnage Bithumb is developing an NFT marketplace with a “large company” considered LG CNS, a subsidiary of LG Corporation.

In an interview on January 13, Bithumb CEO Heo Baek-young confirmed that the exchange is currently developing a NFT marketplace to help it remain competitive with Korbit and Upbit, two other domestic Korean exchanges. Heo stated:

“There are currently more than 200 banks on the market. The NFT marketplace will be important to support blockchain-based content that will become a driving force in the future. ”

The identity of the content creators or artists who have agreed to release the work in the form of an NFT for Bithumb has not yet been confirmed.

CBDC, Regulation

Kosovo law enforcement authorities have seized more than 300 cryptocurrency mining machines

Kosovo law enforcement authorities have seized more than 300 cryptocurrency mining machines. According to the country’s energy and economy minister, the measure will save tens of thousands of euros a month.

Like several other European countries, Kosovo is currently struggling with an energy crisis caused by rising electricity prices. The government therefore came up with a ban on cryptocurrency mining to reduce electricity consumption and quench its shortages during the winter. The country currently imports more than 40% of its energy.

A few days after the ban, local police made the first raid. According to a recent report, Kosovo police, in cooperation with the Kosovo Customs Administration, have seized exactly 272 BTC mining rigs in the village of Leposavic.

The UK government has recently stepped up control of cryptor advertising

On Tuesday, the UK government became the last body to tighten rules on crypto advertising, bringing advertising regulation in line with other financial promotions.

The UK Treasury Department said in a press release that they want to support innovations and recognizes the potential of some products, such as stablecoins, to provide more efficient means of payment.

This step will bring crypto marketing into the scope of financial promotion legislation. This means that the promotion of qualified crypto assets will be subject to the rules of the Financial Conduct Authority (FCA), in accordance with the same standards that apply to the financial promotion of stocks, shares and insurance products.

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