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    Home Unlabelled BTC Bitfinex cold wallet loose 86000 btc in one month

    BTC Bitfinex cold wallet loose 86000 btc in one month

    May 14, 2020

    BTC Bitfinex cold wallet loose 86000 btc in one month

    Bitfinex cold wallet loose 86000 btc in one month

    Posted: 13 May 2020 11:31 PM PDT

    Bitfinex cold wallet loose 86000 btc in one month

    no one in crypto space can deny the effect bitfinex has in the space, in fact it can be said that bitfinex /tether are single handedly responsible for btc 2018 bear market, after propping the price beyond reasonable valuation using usdt in the end of 2017, they are still facing multiple lawsuit regarding that issue(https://cointelegraph.com/news/bitfinex-market-manipulation-lawsuit-refiled-in-new-york-and-joined-by-second-case)
    no one unfamiliar with the tether fud , but recently there have been more suspicious action taken by bitfinex :

    -printing 4 billion since the beginning of 2020

    -selling 70k btc in march(they admitted after being questioned about one third of their btc holding missing ), https://cointelegraph.com/news/bitfinexs-btc-holdings-decrease-by-one-third-in-a-month, what's more suspicious is the time of which is when btc was at it's low point (4k~5k), why would they sell so much so low?,who know?

    -now their cold wallet is missing 86k btc in one month , https://bitinfocharts.com/bitcoin/wallet/Bitfinex-coldwallet, with no comment about from bitfinex, in fact they even upped their tether printing this month, they already printed 1 billion usdt in just 14 day.

    all this coincide from Europe possibility of banning stable coin,https://cryptobriefing.com/central-banks-recommended-ban-stablecoins/, they proposed it last year and just passed 2 month ago, which mean their serious about it.

    and we already know that bitfinex is not shy of doing illegal action, like printing 860 million usdt to cover a loss last year, https://cointelegraph.com/news/tether-hits-back-at-claims-its-reserves-were-used-to-cover-850-million-loss-at-bitfinex

    all this are facts easily verified by anyone , but still there is no articles from the crypto "journalist" about the cold wallet missing btc.

    i thought the best thing about crypto is transparency, and that everything is on the blockchain, so why are we sitting by with the looming danger of bitfinex/tether dragging us to an other maybe longer bear market or in the worst case scenario destroying crypto, while we have better alternative that have been audited like usdc and paxos

    by the way usdt is only shy 50 million usdt from taking the #3 place from xrp

    https://preview.redd.it/n96z8xfcdoy41.png?width=1238&format=png&auto=webp&s=17c1c9be21388571ac285d4f04a6b0c44f6d2c62

    submitted by /u/dhiaa17
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    92 Top Subreddits Controlled by the Same 5 People

    Posted: 13 May 2020 11:21 PM PDT

    Introducing uBitcoin - Bitcoin Cash wallet for Ubuntu Touch

    Posted: 13 May 2020 10:53 PM PDT

    Bitcoin.org is up for grabs to whoever can convince CobraBitcoin that they should have it

    Posted: 13 May 2020 11:44 AM PDT

    Goodbye Cobra �� ... Goodbye BTC coin and P2P Electronic Cash ��

    Posted: 14 May 2020 12:24 AM PDT

    Large Drop In BTC Hash Rate. Now Just 2 Blocks Being Mined Per Hour Over The Last 3 Hours.

    Posted: 14 May 2020 12:17 AM PDT

    Cobra’s progression

    Posted: 13 May 2020 01:50 PM PDT

    I have enjoyed watching Cobra slowly change his public position on several things. It's never too late to make up for ones mistakes in my eyes!

    Still, maybe this is a fun opportunity to revisit some of the highlights of Cobra's tenure over Bitcoin.org.

    15 June 2015: Bitcoin.org introduces an official 'position on hard-forks,' which meant it would not promote XT.

    Bitcoin.org will not promote software or services that will leave the previous consensus because of a contentious hard fork attempt.

    26 December 2015: Cobra makes a Github issue to remove Coinbase from the "choose your wallet" page on Bitcoin.org to punish them for running a Bitcoin XT node in addition to their Bitcoin Core node.

    01 July 2016: Cobra posts on Github that he wants to update the Bitcoin whitepaper because it confuses people.

    03 July 2017: An issue is open on the Bitcoin.org Github account titled Removal of BTC.com wallet?

    Cobra replies that he doesn't mind if they are removed from the website as punishment because of their association with Jihan Wu and therefore, big block efforts.

    They're associated with that monster Jihan Wu, so I don't mind if they get removed because of this, they're terrible people. I definitely feel like a line has been crossed here.

    28 September 2017: Cobra opens a Github issue for Bitcoin.org labeled Add Segwit2x Safety Alert. The alert ostensibly warns users of hostile companies, but the list includes most of the oldest, most successful Bitcoin companies, and the real goal seems to be to scare or punish these companies for their stance on Segwit 2x.

    08 November 2017: Theymos creates a Github issue titled Policy to fight against "miners control Bitcoin" narrative.

    Hilariously, Cobra replies in agreement and blames this misconception on the white paper itself.

    11 August 2018: Cobra creates a Github issue to discuss relisting companies that were removed from Bitcoin.org for supporting the 2mb hard fork block size increase. His reasoning is that the delisting worked to stop the increase and that these companies are unlikely to try it again.

    You will be missed Cobra! If you are interested in appointing a member of Bitcoin.org who will be more open to competing ideas, I invite you to DM me. I am very familiar with the Jekyll static site generator you're currently using.

    submitted by /u/MemoryDealers
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    Bitcoin Cash hashrate ups 235%

    Posted: 13 May 2020 01:40 PM PDT

    Watch the countdown of the 6th Bitcoin Cash network upgrade (aka hardfork) on cash.coin.dance

    Posted: 13 May 2020 02:28 PM PDT

    Bitcoin.org owner Cobra on Blockstream: "Fucking scammers."

    Posted: 13 May 2020 10:12 AM PDT

    BTC's hashrate has now crashed 50% following the halving, 60% from its recent high, leading to slowed block times - High fees & congestion imminent!

    Posted: 14 May 2020 01:18 AM PDT

    Tether Prints $2B!

    Posted: 13 May 2020 07:06 PM PDT

    PODCAST Amaury Séchet, May 2020 Upgrade Part 3: Bitcoin Cash as a Protest Movement

    Posted: 13 May 2020 01:10 PM PDT

    Yikes, a $2.8 million bounty is out on @CharlieShrem , sounds like he was safer in jail!

    Posted: 13 May 2020 10:37 AM PDT

    Man behind $2 million in Bitcoin hacks arrested in Ireland

    Posted: 13 May 2020 04:57 PM PDT

    Charlie Shrem stole 1600+ btc and thinks he got away with it

    Posted: 13 May 2020 05:19 AM PDT

    1,000 Wrapped BTC minted on Ethereum today. 2,300 wBTC vs 927 on Lightning Network. Ethereum is doing more to scalle BTC than Lightning Network.

    Posted: 13 May 2020 02:22 PM PDT

    Haipo Yang (ViaBTC, CoinEx): "Bitcoin lost the opportunity to become a true currency!"

    Posted: 14 May 2020 03:13 AM PDT

    On Hodling

    Posted: 13 May 2020 11:47 AM PDT

    I (Roger Ver) will be doing an AMA tomorrow with the founder of Digifinex exchange.

    Posted: 13 May 2020 07:37 AM PDT

    More Than $220M in Bitcoin Withdrawn from Crypto Exchanges Since the Halving

    Posted: 13 May 2020 04:42 PM PDT

    ��Reminder�� Just 16 hours to go until the Bitcoin ABC AMA Livestream The event will take place simultaneously on YouTube, r/BitcoinCash & WeChat.

    Posted: 13 May 2020 01:25 PM PDT

    Cryptocurrency is being manipulated so BTC can be artificially overvalued

    Posted: 13 May 2020 10:31 PM PDT

    So far, crypto has become the centralized entity it claims to hate. It's clear as day that Bitcoin's price is being severely manipulated so whales can profit off of others' optimism and speculation. It's pretty clear what's happening. You almost never see such a volatile asset - that especially has a market cap over $150 billion - because the liquidity and high volume should be high enough to cover big orders to the point where market manipulation doesn't happen. It seems that BTC's price is being overly-inflated through Tether (USDT), a token back by absolutely nothing.

    ​

    USDT managed to get success through market manipulation. Bitfinex flooded Kraken with a high volume of trades to give the illusion that the market valued USDT as much as USD, despite there being no actual cash reserves to back it up. Since Tether isn't backed by any commodity, asset, or even cash, what stops Bitfinex from printing more tether to give Bitcoin a false rise in value?

    ​

    Bitcoin and the price of other cryptocurrencies rise because of Tether printing more tokens to manipulate the market, increasing the perceived "market value". This increase in the perceived value of Bitcoin causes an increase in hashrate, thus fulfilling the prophecy. What stops Tether from ensuring the failure of any currency they don't support? They can simply mint more Tether, repeatedly dump the currency, and then make it go to 0. It's hard because even if Tether was found guilty of fraud, it would still cause crypto market prices to plummet.

    submitted by /u/1MightBeAPenguin
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    It's so important to make crypto currencies usable as currencies..

    Posted: 13 May 2020 05:32 AM PDT

    Around the Block #6: Bitcoin’s dominance alongside Coinbase customer behavior, the coming DEX…

    Posted: 13 May 2020 09:51 PM PDT
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