It seems that the capitalization of the currently popular and demanded stable coin Tether has reached its capitalization of $ 15 billion.

[Uniswap has officially gone live with its governance token, dubbed UNI.]

Uniswap has officially gone live with its governance token, dubbed UNI.

One billion tokens have been minted, according to a blog post, which will become available over a four-year period. 60% of that amount will be allocated to community members and 21.51% to "team members and future employees." 17.80% of tokens will be allocated to do investors with a four-year vesting schedule, and 0.069% will be allocated to advisors with a four-year vesting cycle.

"A perpetual inflation rate of 2% per year will start after 4 years, ensuring continued participation and contribution to Uniswap at the expense of passive UNI holders," the post explains.

The post positioned the UNI as the next step for a fast-growing protocol, noting the DEX's rapidly expanding volume and liquidity figures.

"Having proven product-market fit for highly decentralized financial infrastructure with a platform that has thrived independently, Uniswap is now particularly well positioned for community-led growth, development, and self-sustainability," the team wrote. "The introduction of UNI (ERC-20) serves this purpose, enabling shared community ownership and a vibrant, diverse, and dedicated governance system, which will actively guide the protocol towards the future."

https://www.theblockcrypto.com/linked/77998/uniswap-goes-live-token-uni

Two Russian nationals have been charged with defrauding three cryptocurrency exchanges and their customers in a series of crimes that involved over $16.8 million in crypto assets, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) announced Wednesday.

According to the press release, Danil Potekhin and Dmitrii Karasavidi were involved in a scheme that from 2017 to 2018 and targeted the customers of three crypto service providers–two U.S.-based and one international.

“The individuals who administered this scheme defrauded American citizens, businesses, and others by deceiving them and stealing virtual currency from their accounts,” said Secretary Steven Mnuchin.

According to the press statement, Potekhin created fraudulent web domains imitating those of legitimate currency exchanges. When customers visited Potekhin's "spoofed" websites and entered their login information, Potekhin was able to gain access to their accounts.

Potekhin and his team then allegedly used a variety of ways to exfiltrate the stolen funds, including transferring the money to exchange accounts created using stolen identities, circumventing exchanges' internal controls and creating a market manipulation scheme whereby virtual currency was purchased quickly to increase demand and price, and then sold for a much higher price to reap profits.

Source...

Ethereum miners earned a record $500,000 in fees in a single hour, raising concerns about network stability.

Transaction fees on the Ethereum network have recently reached a new hourly record. According to Glassnode, an on-chain analytics firm, miners on the network earned over $500,000 in just one hour today as Ether (ETH) rallied.
Currently sitting at its 2020 high of $486, Ether rallied 10% today. The spike in network activity is thought to be related to the launch of Sushiswap, a fork of Uniswap that has hit $1 billion in total value locked in less than 24 hours.

The news may sound good for Ether miners whose revenue is increased by higher fees and more transactions. In fact, Ethereum’s network hash rate has been growing consistently, having reached its 20-month high recently, despite the recent controversy regarding a proposal that aims to reduce block rewards by 75%.
However, it points to an ever-growing issue in the sustainability of Ethereum in the short and long term. While DeFi seems to be leading to a renewed bull run for Ether, it also seems to be the major cause for its technical issues.

https://cointelegraph.com/news/ethereum-gas-fees-reach-500k-as-eth-price-hits-a-2020-high-at-486

The Ethereum Classic (ETC) blockchain was hit with another 51% attack on Saturday evening — for the third time in a month.

The attack saw a reorganization of over 7,000 blocks, or around two days' worth of mining, according to Bitfly — the parent company of Ethermine mining pool. The Ethereum Classic organization confirmed the attack in a separate tweet.

The first and the second 51% attacks on ETC saw reorganizations of 3,693 and 4,000 blocks, respectively. In that sense, the third attack appears to be the largest, although the loss amount remains unclear.

ETC's hash rate remains low, which makes it vulnerable to 51% attacks. According to Crypto51, ETC's hash rate is 2 TH/s (terahashes per second), and the theoretical cost to 51% attack ETC is $4,860 per hour. The theoretical cost is the amount of money needed to rent hashrate for a particular time period. Ethereum's hash rate and the theoretical cost, on the other hand, is way higher than ETC, at 202 TH/s and $474,600 per hour, respectively, and thus makes it almost impossible to 51% attack the network.

The ETC community is taking steps to secure its blockchain. Earlier this month, ETC Labs proposed a multi-stage strategy to mitigate the risk of 51% attacks. If the community can't find a way to better protect the network, the coin could face delisting, major exchanges told The Block recently.

https://www.theblockcrypto.com/linked/76431/ethereum-classic-etc-third-51-attack

A hacker has stolen data on more than 1,000 users from CryptoTrader.Tax, an online service used to calculate and file taxes on cryptocurrency trades.

The hacker broke into a CryptoTrader.Tax marketing and customer service employee’s account on a support center platform, according to a source who came across the hacker on a dark web forum. With this access, the hacker could see customers’ names, email addresses, payment processor profiles and messages sometimes containing cryptocurrency incomes.

The hacker then screengrabbed samples of this sensitive information, posted them on the forum to entice potential buyers of the data trove and sent additional pictures to the source, who shared this evidence with CoinDesk.

David Kemmerer, a co-founder and the chief executive of CryptoTrader.Tax, confirmed to CoinDesk that a hacker gained unauthorized access on April 7 to the marketing and customer service employee’s account. The hacker was able to see support center details in the materials and downloaded a file containing 13,000 rows of information, including 1,082 unique email addresses, Kemmerer said.

CryptoTrader.Tax’s security team investigated the breach and found tax filing account passwords and CryptoTrader.Tax’s website were not compromised, Kemmerer said. The team then alerted parties affected by the breach and took steps to improve security measures and monitoring systems across internal and third-party applications, Kemmerer said.

https://www.coindesk.com/hacker-cryptotrader-tax

Some good news I guess.

Binance Says New York Banks Can Now Use Its Stablecoin After Watchdog Approval

The New York Department of Financial Services (NYDFS) updated its "Greenlist" this week to include Binance USD (BUSD).
This means banks in the New York area can now custody and list BUSD without prior approval from the NYDFS – they must still inform the regulator before adding it, however.

Binance Compliance Officer Samuel Lim told CoinDesk BUSD could be accepted "on an immediate basis" by licensed entities.
"So if tomorrow, JP Morgan decides to use BUSD, they can and can do so immediately," he said.

Binance said BUSD was NYDFS-approved at its launch in September 2019, but exchanges needed approval before listing it.
BUSD is a white-label stablecoin from the Paxos Trust Company, which the NYDFS approved to issue stablecoins in 2018.

Bitcoin, ether, and litecoin are all on the NYDFS' Greenlist, as are stablecoins like Gemini dollar and Paxos.
Notably absent is Binance Coin (BNB), the exchange's native token. The spokesperson declined to comment on whether Binance was trying to get BNB green listed.

Binance U.S., the exchange's local trading platform, is still not available in New York.

https://www.coindesk.com/binance-says-banks-can-now-use-its-stablecoin-after-new-york-regulatory-approval

Google searches recently displayed results and ads for at least three phishing schemes masquerading as the Uniswap decentralized exchange.

BeinCrypto Russia discovered that the world’s most popular search engine was showing results for (and even advertising) scams pretending to be the Uniswap platform.

Earlier today, searching for ‘Uniswap’ in Google resulted in ads for fake sites with the following domains:

Code:

uniswap.com, uniswapdex.org, and unsiwap.site.

https://beincrypto.com/google-advertises-uniswap-phishing-scams/


You can find more details about these scam domains in the scams section thread [SCAM] [PHISHING] 3 Fake Uniswap website PLEASE REPORT!.
Where the witcher_sense user has already provided data.

A Florida teen just got arrested for Twitter’s huge hack

Early this morning, the FBI, IRS, US Secret Service, and Florida law enforcement placed a 17-year-old in Tampa, Florida, under arrest — accusing him of being the “mastermind” behind the biggest security and privacy breach in Twitter’s history, one that took over the accounts of President Barack Obama, Democratic presidential candidate Joe Biden, Bill Gates, Elon Musk, and more to perpetrate a huge bitcoin scam on July 15th.

The teen is currently in jail, being charged with over 30 felony count, including organized fraud, communications fraud, identity theft, and hacking, according to Hillsborough State Attorney Andrew Warren in a just-broadcast news conference describing the arrest.

It’s not clear whether the 17-year-old is the only suspect in the case. “I can’t comment on whether he worked alone,” said Warren. He was arrested at his apartment where he lives by himself, authorities stated.



UPDATE: 3:30 PM EST — According to the U.S. Department of Justice, two other individuals — 19-year-old U.K. resident Mason Sheppard and 22-year-old Florida resident Nima Fazeli — have also been charged for their alleged participation in the hacks.

Sheppard has been charged with conspiracy to commit wire fraud, conspiracy to commit money laundering, and the intentional access of a protected computer.
Fazeli has been charged with aiding and abetting the intentional access of a protected computer. Both were charged via a complaint filed in the Northern District of California, according to the DOJ's statement.

Among the listed participants in the investigation was blockchain analytics firm Chainalysis.

https://www.theverge.com/2020/7/31/21349920/twitter-hack-arrest-florida-teen-fbi-irs-secret-service

https://www.theblockcrypto.com/linked/73626/florida-arrest-twitter-hacks-bitcoin

Bitcoin Deemed ‘Money’ Under D.C. Financial Services Law

The virtual currency known as Bitcoin is a form of “money” covered under the Washington, D.C., Money Transmitters Act, a federal court said Friday.

The court declined to dismiss criminal charges against Larry Dean Harmon, the operator of an underground Bitcoin trading platform, for running an unlicensed money transmitting business under D.C. law and for laundering money under federal law.

Money “commonly means a medium of exchange, method of payment, or store of value,” Chief Judge Beryl A. Howell wrote for the U.S. District Court for the District of Columbia. “Bitcoin is these things.”

https://news.bloomberglaw.com/us-law-week/bitcoin-deemed-money-under-d-c-financial-services-law

[What happened]

What happened: Fake pictures of Co-founder

Website:

Code:

https://blockclout.com/

Link on instagram: https://www.instagram.com/laurencecoke/

BTT ANN: https://bitcointalk.org/index.php?topic=5262006.0
Scamer profile : blockclout
 

UPD:

They removed the team photo, but I found the previous version of the site in the google cache.

http://webcache.googleusercontent.com/search?q=cache:https://blockclout.com/

http://archive.fo/AVtiS

linky:
https://bit-x.com/guide/bitx-cards

I'm seriously considering this.
Would much rather have a debit card than a credit card.
Any1 have any experience w/ this yet?

Can you spend them?
Can u play online pokerz with them?
[I play @ Seals... there was this one little tiny site last May that dealt in Litecoin, but it dried up.]

Do Litecoins/altcoins have exchanges where I can fling my money in and out like poo?

Any help would be appreciated.
$pike

I've waited almost 3 weeks now [since 8/21!] for a cashout [to my bank] from Mt. Gox.
Mt. Gox doesn't readily show ANY customer service contact info or links.

I might wanna rattle their cage a bit... I have documentation
[email to me from them, acct. transaction info re: my acct. on their site]

Any ideas on how to contact Mt. Gox on matters like this?

thx in advance
$pike

Would just make my life simpler puchasing this way, I'm on SSI/SSDI:

>A laptop [preferably WiFi installed, the way things are going, Windows7 instead of Win8]

>New mountain bike:
http://www.montaguebikes.com/paratrooper-folding-military-bike.html

[I have 2 mtn bikes already, need one that folds up so I can go all over hell on a bus.
Notice I didn't mention air travel. TSA would shit their britches over a folding mtn. bike.
I got enuf probs.]

Sound doable?

Direct purchase might be a ways off,

I heard this is an easier way to get cash, then purchase:
https://localbitcoins.com
obv. a bit paranoid re: 2nd option.

Your thoughts?

Would 1% House Advantage be calulated ratio-wise as:

> .49[me] v. .51[house]

-or-

> .495[me] v. .505[house]

?

[quahog]

"...On the east coast of North America, the members of the Iroquois Confederacy and Algonquian tribes, such as the Shinnecock tribe, ground beads called wampum, which were cut from the purple part of the shell of the marine bivalve Mercenaria mercenaria, more commonly known as the hard clam or quahog."

Ofc Quahog soundz familiar, right? LOL

http://www.gemologyproject.com/wiki/index.php?title=Quahog