Monthly Archives: November 2020
YieldWars criticized for using Associated Press election estimates as an oracle

YieldWars used the Associated Press data to solve their prediction market, but some question the validity of using their estimates as an oracle.

Following today’s Associated Press estimates that President-elect Joe Biden won the election over incumbent Donald Trump in the US presidential campaign, the 174-year-old organization – which has been covering the election since 1848 – subsequently published its estimate in the Ethereum and EOS blockchains, triggering at least one prediction market as a result.

However, some have expressed scepticism about the validity of using such an estimate as an oracle, which raises wider questions about certainty and determinism in intelligent contract based prediction markets.

On October 15, 2020 Everipedia – the for-profit encyclopedia and blockchain company – announced that it would provide signed data with Crypto Genius scam evidence that the data came from AP to EOS and Ethereum with the use of the infrastructure provided by the Chainlink oracle network.

„We will be making history as the first to directly sign the campaign estimates made by the AP and release them for blockchain use,“ Everipedia Business Development VP David Liebowitz said in a press release.

Following the announcement of YieldWars, the competitive forecasting and yield farming marketplace platform, it launched a Trump/Biden forecasting marketplace using AP data as an oracle. The market attracted over $250,000 in bets in just two days.

In an interview with Cointelegraph, one of YieldWars‘ anonymous co-founders, Owl, said Everipedia’s collaboration with AP was a natural choice:

„As we researched the option(s) further, it became clear that it was our best option. AP is without a doubt the most reliable media in the world and being an anonymous project, we knew that in order for people to trust us we needed a definitive source.“

However, critics – many of whom seem to support Donald Trump’s claims that the choice has not been definitively decided – have argued that AP is insufficient as an oracle.

One Twitter user said:

„Keep going down that road, putting falsehoods in the blockchain as a fact is a dangerous road, he may be winning, but the recounts and the legal proceedings are underway, so how can you put him in the blockchain as a fact“.
Another user, with the nickname „cryptoilet“, asked: „So, can I write in the blockchain that I am the president now?

Owl, however, thinks that the prediction markets and future election campaigns will be able to offer a more robust collection of oracles, ideally overriding these complaints:

„In the future, I anticipate that there will be multiple oracles like AP and I predict that we will see that in the next election. Having a number of trusted oracles that resolve the markets should resolve virtually all disputes“.

The Skype co-founder keeps his immense fortune in Bitcoin and cryptocurrency, and he’s living it well!

Rich, but mostly in cryptos – Although less well known than his counterpart, Elon Musk, Jaan Tallinn is nonetheless an engineer turned genius entrepreneur. Astonishing fact: It turns out that Tallinn retains much of the fortune it has built in cryptos .

A generous donor in cryptocurrency

Jaan Tallinn is the co-founder of the social network Skype , created in the early 2000s, before being sold to the eBay group in 2005, then acquired by Microsoft in 2011. This engineer of Estonian origin is now at the head with a personal fortune estimated at 900 million dollars .

In a recent interview with the Forbes newspaper, we learn that Jaan Tallinn has been a crypto HODLer for some time, having made very large donations in cryptocurrency over the past 2 years.

He poured these gifts to society Faculty AI , based in London, focusing on machine learning systems (machine learning) serving businesses and governments.

Jaan Tallinn would have thus, initially, given 350 ethers (ETH) to Faculty AI in January 2018. These ETH had a value then of approximately 435 000 dollars . He again made a donation to this company more recently, in March 2020: 50 bitcoins this time, or nearly $ 315,000 at that time.

A crypto-HODLer who cares about the appearance of a Skynet, Terminator style

Even though his donation aims to limit the risks associated with currently existing AI (artificial intelligence) systems, Tallin hopes that this will also limit the possible negative effects of the birth of an AI that exceeds human intelligence:

“(…) It might also make it safer to deploy something smarter than us. “

The almost billionaire also explains that, if he made his donations in ethers and bitcoins , it is because he keeps the majority of his heritage in this form. In addition, converting these cryptos into fiat currencies would have resulted in unnecessary taxation (which would have reduced the amount of his donations).

Even if this type of donation has been an “accounting puzzle” according to Marc Warner , founder and director of Faculty AI, the company is happy to have kept a good part of it in its books of account. She would have sold only $ 144,000 in ethers between March 2019 and March 2020.

Holding cryptocurrencies over the long term seems to have benefited both Jaan Tallinn and the society that benefited from his generosity. The latter thus has good reserves to finance its future research on AI and machine learning .

CCB corregge i rapporti sulle obbligazioni Blockchain … e dice un grosso „no“ a BTC

Giorni dopo che i media di tutto il mondo hanno riferito che la filiale di Labuan della China Construction Bank (CCB) aveva emesso i primi titoli in RMB della nazione alimentati da blockchain, la banca in questione si è mossa per negare la veridicità dei rapporti, aggiungendo che non ha collegamenti con „criptovalute incluso Immediate Edge„.

Sebbene la banca non neghi l’esistenza delle obbligazioni, o il suo collegamento con la loro emissione, ha tenuto a precisare che si tratta semplicemente del „lead arranger“ e del „lead advisor“ del progetto, con l’emissione effettiva che avviene tramite una società denominata Longbond e negoziabile sulla Borsa Fusang .

La filiale di Labuan della banca ha fatto l‘ annuncio sul suo sito web CCB Malaysia , affermando:

“La filiale NON è l’emittente dell’obbligazione. […] La filiale NON accetta criptovalute, incluso bitcoin, per il regolamento in nessuna delle sue transazioni bancarie. “

Labuan è un’isola del paradiso fiscale in Malesia

L’emissione – che dovrebbe avvenire a partire da oggi – ha fatto notizia in tutto il mondo. E gli acquirenti di obbligazioni saranno effettivamente in grado di acquistare obbligazioni di 100 USD e oltre, utilizzando USD o BTC, solo non tramite la banca stessa, ma piuttosto l’exchange con cui ha collaborato. Una dimensione obiettivo del programma totale di 3 miliardi di dollari.

Ma le testate giornalistiche di tutto il mondo, compresi molti in Cina, avevano, sembrava dedurre la banca, aver erroneamente riferito che l’emittente era la stessa BCC.

Questi includevano artisti del calibro del Financial Times, che recitava con il titolo: „China Construction Bank emetterà obbligazioni offshore basate su blockchain“.

Secondo un comunicato dell’11 novembre di Fusang, Longbond è una società per azioni e „uno Special Purpose Vehicle di cartolarizzazione istituito con l’unico scopo di emettere obbligazioni digitali e depositare i proventi presso CCB Labuan“. Lo scambio ha aggiunto che CCB Labuan avrebbe agito come „sponsor dell’elenco per l’accordo“.

L’annuncio non specificava da chi fosse stato istituito Longbond. Cryptonews.com ha contattato CCB per un commento

La natura appassionata della negazione del CCB sembra indicare che mentre il fervore per tutto ciò che riguarda la criptovaluta rimane alle stelle in Cina, le banche e altre grandi aziende hanno ancora paura di invocare l’ira di Pechino, che ha messo in atto una repressione quasi totale della criptovaluta a settembre 2017 e sta ora lavorando al suo yuan digitale.

Get ready for the US elections: 5 things to observe about Bitcoin this week

The critical moment in the US comes when the coronavirus triggers more blockades and money printing plans in Europe.

Get ready for the US elections: 5 things to observe in relation to Bitcoin this week

Bitcoin (BTC) starts a new week and month a few dollars from its biggest monthly closing in history – what’s next?

Top 5 cryptomaps to follow this week: BTC, BNB, ADA, BCH, LINK

The Cointelegraph analyzes five factors that can influence the price of BTC/USD as the US goes to the polls and the coronavirus triggers new blockages throughout Europe.
Election day approaches for Trump vs. Biden

On Monday, the U.S. dollar currency index (DXY), an indicator with which BTC/USD has shown inverse correlation, continued a week-long climb to rise above 94.

This week has a geopolitical event that traditionally causes damage in the markets: the US presidential election.

Arriving at a time when the coronavirus irritates and restricts the daily lives of many U.S. citizens, the markets will be on the lookout for clues as to the policy of the future incumbent president.

The implications are not only social. The first economic advances have accompanied the virus, with consequences, including companies dispensing the money that is rapidly inflating in exchange for Bitcoin.

Bitcoin Market opens 11 job vacancies for analysts, developers and trainees

As reported by Cointelegraph, analysts believe that no matter who wins, the result will be a blessing for safe havens like gold. Bitcoin, despite becoming less tied to macro markets in general, can still react to movements in the strength of the US dollar.

„Asia’s stocks rose driven by China’s optimistic industrial activity in the volatile beginning of the crucial week that spans the U.S. elections and the Fed meeting, events that could set the tone for the markets for the rest of 2020,“ analyst Holger Zschaepitz summarized on Twitter Monday.

Zschaepitz had noticed over the weekend that Bitcoin was rising along with negative income debt volumes around the world. Global bonds with negative yields – where the creditor literally pays the debtor – fell from a record $17 trillion to $12 trillion at the end of 2019, only to rise again this year.

„Negative returns are good for Bitcoin, which does not yield interest by itself,“ he explained.
Europe has new money impression

Besides the USA, the situation for the markets in Europe seemed bleak thanks to the blockages of the coronavirus returning throughout the continent.

Amid new warnings of contractions in economic activity due to the measures, the markets began to ignore even the signs of upsurge in favor of reducing the potential impact of the elections.

Zschaepitz noted that German stocks alone lost $4.1 trillion in value last week, the highest value since the March crash.

For Bitcoin supporters, the time was ripe for more buying than ever, as the European Central Bank (ECB) confirmed more stimulus and more money printing.

About the new blockade in Germany, the popular trader MMCrypto urged his Twitter followers to reduce exposure to fiduciary currency.

„The crazy news is that the businesses that have to close will receive up to 75% of their revenue in newly printed money“, highlighted the trader.
Mini gaps of „optimistic“ futures open and close

Focusing on Bitcoin’s specific price triggers, the weekend activity allowed another so-called „gap“ to open in the futures markets.

Gaps are formed when the end of a week’s trading is at a different price point from the beginning of the next. Historically, the BTC/USD moves to revisit the levels left out over the weekend, whether they are higher or lower than the Monday spot price.

As noted by market analyst Zack Voell, four small gaps have appeared in CME’s Bitcoin futures market – every weekend for the past four weeks has produced one.

„CME Bitcoin futures opening with a bullish gap for the fourth week in a row. This is very optimistic,“ Voell commented. A subsequent move down during Monday’s trading closed a gap in the $13,700 range.

As the Cointelegraph reported, only a small gap at $16,000 remains high on the historic Bitcoin price chart, while further down, a gap at $9,600 was not filled the last time Bitcoin briefly dropped below $10,000.

Gruppe mit 17.000.000-Dollar-Bitcoin-Lösegeld-Attacke getroffen

Energieriesen-Enel-Gruppe mit 17.000.000-Dollar-Bitcoin-Lösegeld-Attacke getroffen

Der multinationale Energieriese Enel Group wird unter Druck gesetzt, 17 Mio. Dollar Lösegeld für Bitcoin zu zahlen
Energieriesen-Enel-Gruppe mit 17.000.000-Dollar-Bitcoin-Lösegeld-Attacke getroffen

Die Enel-Gruppe, ein italienischer multinationaler Energiekonzern mit einem Jahresumsatz von über 73 Milliarden Euro im Jahr 2018, ist laut einem Bericht von Bleeping Computer gegenüber Crypto Superstar vom 27. Oktober von einem Lösegeldanschlag betroffen.

Sein Computernetzwerk wurde mit einem populären Stamm von Windows-Lösegeldern namens NetWalker infiziert.

Während die Enel-Gruppe über den Angriff schweigt, wurde die missliche Lage des Fortune-Global-500-Unternehmens durch einen Link in einer Lösegeldforderung offensichtlich.

Schließlich veröffentlichten die NetWalker-Hacker Screenshots von rund fünf Terabyte gestohlener Daten und drohten gleichzeitig mit der Veröffentlichung des ersten Stapels in einer Woche.

Die bösen Akteure zwingen den Energiegiganten zur Zahlung von 16,8 Mio. Dollar (1.234 BTC). Das ursprüngliche Lösegeld war Berichten zufolge zweimal geringer, aber die Enel-Gruppe war nicht bereit, über das Lösegeld zu verhandeln.

Lösegeld für Bitcoin

Zugehörige 4.000.000 $ Bitcoin Lösegeld von Argentiniens offizieller Einwanderungsbehörde gefordert
4.000.000 $ Bitcoin-Lösegeld von Argentiniens offizieller Einwanderungsbehörde gefordert
Sowohl Bitcoin als auch Datenschutzmünzen wie Zcash und Monero sind die Lieblinge von Lösegeld-Banden, wobei die Unternehmen sogar Krypto-Vorräte anlegen, um sich auf künftige Angriffe vorzubereiten.

Nachdem sie zunächst einzelne Benutzer ins Visier genommen hatten, gingen Betreiber wie NetWalker später zu Unternehmen und sogar Regierungsbehörden über.

Im Juni erpressten Hacker erfolgreich Bitcoin im Wert von 1,14 Millionen Dollar von der University of California San Francisco. Wie von U.Today berichtet, zahlte CWT, eines der größten US-Reiseunternehmen, Hackern ebenfalls 4,5 Millionen Dollar an Bitcoin.

Kürzlich verblüfften DarkSide-Hacker Cybersicherheitsexperten, indem sie einen Teil ihrer unrechtmäßig erworbenen Gelder an wohltätige Organisationen spendeten.