Guarda wallet users became victims of intruders

On December 30, 2020, multicurrency non-custodial wallet Guarda was attacked with spoofed DNS records. The project team blames GoDaddy hosting for the incident.

According to Guarda representatives, GoDaddy employees gave control of the account and domains [guarda.co and guarda.com] to intruders, which allowed the latter to redirect users to a fake back-up wallet download page.

Guarda asked GoDaddy to suspend the domains until access was restored, but it never happened. Project engineers tried to slow down the phishing site. According to them, 90% of the time that the domains were under the control of attackers, the phishing form was inaccessible.

Guarda is cooperating with the Estonian police. The project is considering filing a class action lawsuit against GoDaddy and cites a Nov. 21 investigation by cybersecurity specialist Brian Krebs. It says GoDaddy employees were victims of several phishing attacks — attackers looted their admin credentials to access other sites.

About 100 people have filed support tickets, according to Guarda’s Jan. 4 publication. Some are unhappy that they did not receive an email notification of the attack, which they believe would have minimized the damage.

The attackers, on the other hand, transferred the stolen assets to Ethereum and exchanged them for bitcoin superstar through the decentralized exchange Uniswap. Some funds, the project team assures, managed to fix on centralized platforms.

The service has already presented a compensation plan:

  • if the user lost up to $2,000, he will be refunded the full amount in bitcoin or stolen cryptocurrency. The alternative involves agreeing to pay $4000 in Guarda tokens with a three-year vesting agreement;
  • if the user lost between $2,000 and $10,000, they will get 50% back in bitcoin or will be offered double the amount in tokens with an agreement to three-year vesting;
  • If the user has lost more than $10,000, he will get 20% back in bitcoin or will be offered the equivalent of the lost amount +50% in tokens with the consent to three-year vesting.

The tokens will be issued by March 2021. The redemption will be made from a special fund.

Gambling Tech Giant IGT Patenter måte å finansiere spill med Bitcoin

Et topp gamblingteknologiselskap har patentert en måte for bitcoinere å betale for sin neste digitale terningkast med kryptovaluta.

International Game Technology plc, som bygger spilleautomater og annen teknologi for kasinoer, har ennå ikke avslørt noen planer om å integrere bitcoin (BTC, + 3,84%), bitcoin cash (BCH, -1,02%) og eter (ETH, -3,42%) i det er teknisk. Men det nye patentet som ble tildelt tirsdag, dekker et middel for spillere fra HODLER å betale for sine spill med noen av de tre.

Som beskrevet i amerikanske patent- og varemerkekontorarkiv, vil brukere av IGTs metode kunne overføre kryptovaluta til spillkontiene sine som betalingsmiddel. Der ville kryptoen konvertere til fiat-valuta etter betaling av et gebyr.

IGTs arkivering inkluderer tegninger av en mobiltelefonapplikasjon for å plassere innskudd, samt en spilleautomat som teoretisk vil lette selve innsatsen. En tegning inkluderte en live bitcoin-lommebokadresse som IGT ser ut til å ha satt opp, men aldri brukt.

Men patentet er ikke eksklusivt for spilleautomater; snarere dekker det også midlene for å flytte krypto til gamblerens konto. IGT kunne teoretisk rulle ut en nå patentert metode for kryptofinansiering på tvers av sine digitale spillplattformer. Selskapet har andeler i spilleautomater, lotterier og den spirende sportsbetting-scenen.

Også tirsdag kunngjorde IGT at Nevadas mektige Gaming Control Board hadde godkjent planene for et kontantfritt omsetningssystem som gjør det mulig for spillere å finansiere spill på spilleautomater og bordspill med et trykk på telefonen. Denne kunngjøringen var mamma om kryptointegrasjon.

IGT svarte ikke umiddelbart på spørsmål.

Burgemeester van Miami ‚open‘ voor onderzoek en wijst 1% van de reserves van de stad toe aan Bitcoin

De burgemeester van Miami, Francis Suarez, heeft onthuld dat hij openstaat voor het verkennen van 1% van de schatkistreserves van de stad in bitcoin. Suarez heeft de afgelopen weken de cryptocurrency verkend.

De burgemeester van de stad Miami, Florida onthulde dat hij openstaat voor het toewijzen van een deel van de schatkistreserves van de stad aan BTC in antwoord op een tweet van Anthony Pompliano (ook bekend als ‚Pomp‘), medeoprichter en partner bij Morgan Creek Digital Assets, waarin hij pleitte voor de beweging.

De toewijzing zou volgens de beschikbare gegevens aanzienlijk kleiner zijn dan de investeringen die verschillende bedrijven vorig jaar in bitcoin hebben gedaan

MicroStrategy heeft bijvoorbeeld voor meer dan $ 1 miljard aan BTC gekocht, terwijl de toewijzing van Miami ongeveer $ 18 miljoen zou kunnen bedragen.

Voor sommigen in de cryptogemeenschap maakt de verhuizing echter deel uit van een bredere omarming van de vlaggenschip cryptocurrency. Een andere gebruiker vroeg burgemeester Francis Suarez om burgers te laten betalen voor stadsdiensten in de vlaggenschip cryptocurrency „om te beginnen“. Als reactie hierop zei Suarez dat de stad daar dit jaar „zeker“ aan zal werken.

In reactie daarop wezen andere gebruikers op de verkozen senator Cynthia Lummis, die heeft gezworen het profiel van BTC in het Congres te versterken wanneer ze aantreedt

Tijdens een podcast zei de Wyoming Republication dat ze gelooft dat bitcoin een grote waarde is die kan helpen bij het aanpakken van de Amerikaanse staatsschuld, waarvan wordt gezegd dat het een van haar grootste zorgen is.

Voor de verkozen senator is bitcoin een betere opslag van waarde dan papiergeld, omdat er een eindige voorraad BTC in omloop kan zijn: 21 miljoen munten. Inflatie, zei ze, is „ingebakken in het plan van de Federal Reserve voor de Amerikaanse dollar“, tot het punt dat mensen die van hun spaargeld met pensioen gaan, zien dat hun koopkracht wordt uitgehold door inflatie.

De adoptie van Bitcoin lijkt als zodanig niet alleen bij bedrijven te zijn, maar ook bij overheidsfunctionarissen. De vraag naar cryptocurrency is de afgelopen maanden toegenomen, waardoor de prijs voor het eerst de $ 30.000 overschreed.

How do I analyze the on-chain behavior of Bitcoin?

In our search for new knowledge about Bitcoin, data analysis can serve us well. In this article we will do a little data analysis together. The focus is on the relationship between the Bitcoin rate and the transaction volume.

Do your own research is a popular motto in the Crypto Legacy field. Both here at BTC-ECHO and in the BTC-ACADEMY, we strive to equip our readers with the necessary tools and to allow them to share our insights. As a starting point for the BTC-ECHO community, our Discord is also a source for such research.

To own research but also includes the sober look at the raw data

The responsible crypto citizen should always be a little data analyst. In the last articlewe have taken a first step in this regard: In the first part of this series, I explained how interested parties can download course data and work with it. With TradingView and APIs like Coingecko’s, investors and analysts have come a long way. You can view Bitcoin & Co. courses according to the current rules of technical course analysis and study new metrics and indicators. You can also study investment strategies such as dollar cost averaging (regular investments in smaller, fixed dollar amounts) and the use of seasonality or create a portfolio based on several cryptocurrencies.

However, the course does not take into account a special feature of cryptocurrencies: Thanks to the public nature of the blockchains, every analyst can take a look on-chain himself. How many transactions were there on the blockchain? How full are the blocks? Analysts can clarify such questions on-chain at a glance. In this article we would like to explain a few ways in which you can get such data using APIs. As explained in the last article in the series, we use R.

A second goal of this article is to do a little exploratory data analysis together. We therefore start with the data acquisition and play together with the corresponding data. Let’s see what we find out.

Sophisticated Bitcoin data from Coinmetrics

Coinmetrics is a good service for a first look at data beyond the mere price events. Coinmetrics is a company that focuses on crypto-relevant analyzes. Their analyzes have been discussed in various articles in the past. In addition to these insights, Coinmetrics offers the community a large amount of data that can be the first step for many analyzes.

Even those who don’t want to get started with R right away can get started on their platform. At this link Interested parties can reach a frontend in which various data can be viewed with regard to their development over time:

As you can see, a wide variety of other cryptocurrencies can be examined in addition to Bitcoin. The above illustration shows the development of the Bitcoin exchange rate. However, sizes such as the realized capitalization, the NVT ratio or the current block size can also be selected. If that is not enough for you, you can use “Formula” to create combinations of the sizes mentioned and plot them graphically. The future Bitcoin analyst can go very far here and model simple trend forecasts , for example.

But what if you want to use other models or look at the Coinmetrics data together with others? Or if data should not simply be analyzed in terms of its time dependency? Let’s say that we want to analyze the relationship between Bitcoin’s number of transactions and its rate in more detail. We are not interested in the temporal context, but what an influence the number of transactions has on the Bitcoin rate .

Bitcoin, cryptocurrencies and tokens: a taxonomy of the new economy

You do not mix apples and towel s – There are 2 years of this , I proposed to you my attempt to develop a typology of tokens to better define and understand the digital assets. Since then, water has flowed under the bridges. Shitcoins have collapsed, exchanges have been hacked and others have taken their respective places within the crypto ecosystem. As the crypto-asset market has changed significantly, I am offering you a new classification of digital assets.

Le Token Classification Framework

Since the emergence of Bitcoin and the crypto-assets that followed, the term most used to designate them remains “cryptocurrencies” . Among them, bitcoin is the asset that has received the most attention.

Cryptocurrencies, crypto-assets, tokens or securities?

Bitcoin is strictly speaking a cryptocurrency , but not all digital assets fall into this category. The majority includes tokens . Semantically speaking, the most appropriate term to define this new class of assets would be that of “crypto-assets” – or crypto-assets . This pitfall is quite common in innovative fields. However, the lack of terminology and clear definitions makes it difficult to speak with nuances and carry out relevant analyzes. To understand and explain all the nuances of this ecosystem, we must therefore analyze it, then classify it.

The same properties and use cases are found in many assets of the crypto ecosystem. These similarities were used to establish a classification of digital assets. However, no typology has yet been adopted and used by all players in the crypto ecosystem . Financial regulators, institutional actors, traders and researchers each have a different perspective on the issue.

The classification of digital assets only caught the authors‘ attention after the wave of ICOs of 2017. Since then, several works of classification of digital assets have been undertaken and, in my opinion, the most successful is the classification system. token (Token Framework Classification) of Thomas Euler .

A model adapted to a protean active class

This multidimensional model forms a decision tree for mapping digital assets according to their characteristics. The first step in this classification was to establish five dimensions for tokens: purpose, utility, legal status, underlying value and technical layer .

Then, in each of these dimensions, a given asset can correspond to one of the 3 sub-dimensions. However, some assets, due to their unique characteristics, may correspond to several sub-dimensions. This is the beauty of cryptophère: assets with unique characteristics offering innovative use cases . Note that some assets may also not have one of the dimensions of the model!