Connect with us

Bitcoin

Whale Alert: More than $14 Million PAX transferred to exchange for buying

Published

on

In the last 24 hours, large transactions of more than $14 Million of PAX (Stablecoin) were made into Binance and Okex probably for buying crypto.

The cryptocurrency market is facing the worst days of the year with no clarity as to which direction will the market head towards. Some cryptocurrency analysts are predicting bitcoin to reach $2500 this year and others predict that the market is going to rise massively at the ending days of the month. As of today, bitcoin has started a downfall with the price trading at a high of around $4360 at the start of the day to around $3866 right now (At the time of publishing) according to CoinGecko Charts.


 

However, there are always the clever whales waiting out there for the right moment to buy while the whole market is panic selling. In the last 24 hours, large transactions of more than $14 Million of PAX (Stablecoin) were made into Binance and Okex probably for buying crypto such as BTC, ETH, LTC when the market is panic selling which is happening right now. Here are the details of the transactions which were made for the transfer of big amounts of stablecoin:

Transaction 1: 908,721 PAX transferred to Binance

https://etherscan.io/tx/0x96cc14781c3e711d25f31edfb956e8c8776eb8c1e1abd13cf67675b1d7bcb54a

 

Transaction 2: 2,500,000 PAX transferred to Binance

https://etherscan.io/tx/0xb2e1cf426febbc4e04dd7a8f1eb476a38b542fc785e68cd6b7df25ee272fcece

 

Transaction 3: 500,000 PAX transferred to Binance

https://etherscan.io/tx/0x640dffba3fab6c9382dbb7154b1639e86393bf27b6d5fe54c29ee179fb8e7d5b

 

Transaction 4: 500,000 PAX transferred to Binance

https://etherscan.io/tx/0xfe784aa75e0e7a9c9a2ef9f09d4f929aef07307f5424df15d1ea2fc9807363e6

 

Transaction 5: 500,000 PAX transferred to Binance

https://etherscan.io/tx/0xcb651857b0be46bfb12d87e85c56139aa07029873d0ed7caca9b06a0da0d1646

 

Transaction 6: 500,000 PAX transferred to Binance

https://etherscan.io/tx/0xda6794c3bf610e8453fedeb7f881c18f211899d1c08016852ee367e1252118f4

 

Transaction 7: 500,000 PAX transferred to Binance

https://etherscan.io/tx/0x931b605c8630ab48c515484968b1a12c0f73ad389fc293138f065892e22479f4

 

Transaction 8: 2,000,000 PAX transferred to Okex

https://etherscan.io/tx/0xac0d71aec8039053b728683a088c71cd4471eb068784987da98822bcc8bbbcbb

 

Transaction 9: 4,990,000 PAX transferred to Binance

https://etherscan.io/tx/0x793efff516ce39ee900149ff027b5ebdd8c56f57b39e16d18db02ace2654213b

 

Transaction 10: 900,000 PAX transferred to Binance

https://etherscan.io/tx/0x0d26ac5828288dc447151021790d2623386ec9f492a48a539d87a5653b298e83

 

Transaction 11: 500,000 PAX transferred to Binance

https://etherscan.io/tx/0xeda1d06bd42998328b07d622fde6dfc6617229baf4671d0ca36d2c6f460939bd

 

 

Beware of the whales! Have safe trading.

#Banking

Alert: JP Morgan Coin: A threat to Bitcoin and XRP?

Published

on

The JP Morgan Coin is a centralized permissioned censorable blockchain based liquidity tool. People are saying that it should not be considered a cryptocurrency.

Jp Morgan, the bank run by Jamie Dimon is launching its own cryptocurrency. JP Morgan has $2.6 trillion in assets, $100 billion annual revenue, it moves more than $5 trillion in wholesale payments every single day and a quarter million employees. It is used by the investment banking crowd, asset management crowd, private banking, private wealth management, and the treasury & security services division. This tells us exactly for whom the JP Morgan Coin is designed for. These are the organizations that are going to be using it. The JPM Coin is a centralized permissioned censorable blockchain based liquidity tool. Many people are even saying that it should not be considered to be a cryptocurrency and it is just a bank coin.

 

The JP Morgan Coin:

The JP Morgan Coin is designed to be a stablecoin. They will be starting off with the USD and will be expanding to other key currencies over time. So it will be a global currency within their permission network. It will be providing real-time gross settlements rather than waiting for days for the payments to get cleared. The network participants can transfer tokenized fiat instantly, constantly and with full finality 24X7 which is a major improvement to how the things work currently. The previous model apart from bringing slow was also more prone to fraud and exposed to the old central bank failure and required multiple intermediaries across the interbank network.

The main use cases for the JP Morgan Coin will be international payments for sizeable corporate clients circumventing SWIFT and circumventing XRP. JP Morgan Coin may also be used for securities transactions. JP Morgan has previously tested a debt issuance on the blockchain and the token will allow institutional investors to buy debt issuance. Corporations could also use the JP Morgan treasury in order to take the place of their dollar holdings in their subsidiaries all over the world which will open more ways for the big corporate clients in order to move money back and forth.

The JP Morgan Coin will be on the quorum blockchain which is a permissioned version of Ethereum which JP Morgan has been using for some time. The quorum blockchain has already seen institutional use cases. Financial institutions can trust that only authorized parties can join their private ethereum network and that the transactions will be confidential. So the JP Morgan Coin is probably for a very small group of elites.

 

The History of JP Morgan:

There are dozens of fines that JP Morgan pays yearly all around the world for doing basically the same kind of things.

  • JP Morgan was fined $65 million for trying to vague the benchmark rate.
  • They were fined $1.6 million for failing to meet anti-money laundering and counter-terrorist financing laws in Hong Kong.
  • Citigroup and JP Morgan both had to pay a combined total of $182.5 million after being accused of violating anti-trust laws. Citigroup and JP Morgan allegedly the European Interbank offered rate.
  • JP Mogan was $135 million for improper handling of American Depositary Receipts.

In most of these cases, they are not actually found guilty of anything and they just settle. They don’t end up breaking any laws cause they just pay the huge amount of fine they are asked to pay.

After the announcement of the JP Morgan Coin, JP Morgan stocks have gone up because of JP Morgan’s clients, this is a welcome sign of innovation.

 

JP Morgan Coin vs XRP:

It seems that some banks want their own coin and not XRP which is the supposed to be the banker’s coin. They really don’t want XRP for one reason or the other. Although banks would not want to use the JP Morgan Coin as such they might just have their own coins in future such as Bank of America Coin or Bank of China Coin etc. But we have an interesting situation when it comes down to exchanging value between these banks because XRP is essentially a public ledger vs the JP Morgan Coin which is private. XRP has a permissionless ledger vs JP Morgan Coin has a permission ledger. JP Morgan controls the JP Morgan Coin but they do not control the XRP ledger and remember that the banks like to have control and maybe the other banks are also going to think like JP Morgan but there is still a lot of hope for XRP. JP Morgan Coin may not see very much interoperability between banks, therefore, they might need some kind of bridge and that bridge could end up being XRP.

 

Implications for Bitcoin:

There are not many implications for bitcoin at all. Most of the bitcoin enthusiasts have zero interest in things like the JP Morgan Coin. Bitcoin has amazing and unique value propositions and this is not a threat in any way to bitcoin. JP Morgan cannot control bitcoin it is really hard to manipulate the price of bitcoin whereas in case of JP Morgan Coin, they have direct control over it. The current rumors say that JP Morgan is going to use Bakkt for their clients who want to purchase, invest and hold bitcoin. So the JP Morgan Coin doesn’t have threat on bitcoin. Bitcoin is always superior in every way.

 

What are your thoughts on the JP Morgan Coin? Tell us in the comments section below.

Continue Reading

#Bitcoin

10 facts that prove that Craig Wright is not the real Satoshi Nakamoto

Published

on

A lot of people in the past has tried to claim that they are Satoshi. Let's discuss 10 reasons why Craig Wright is not the real Satoshi Nakamoto.

Everyone is aware of the impact that bitcoin has marked on today’s world. However, huge the success bitcoin gained in the financial market, more is the mystery about the inventor of bitcoin, Satoshi Nakamoto. Satoshi Nakamoto created bitcoin in 2008 and made it an open source in the year 2009. But Satoshi disappeared in 2010. No one knows how to salute Satoshi, whether he or she or they!

A lot of people in the past has tried to claim that they are Satoshi, however, all the claims have been proved and till date, no one has the identity of Satoshi. In this article, we will discuss 10 reasons why Craig Wright is not the real Satoshi Nakamoto.

 

1. Craig Wright has not proven the ownership of the private keys of Satoshi. Although he tried to make the non-technical journalists fool by presenting the verification scripts, even any average student using cmd (command line) tools can find out the deception in the verification script that he was trying to show as a proof of ownership of Satoshi’s private keys.

 

2. Jimmy Song, a famous Bitcoin developer and one of the popular person on Youtube for crypto space recently had few harsh words for the Craigh claims for Satoshi. Jimmy said that he believes that Wright holds zero credibility to be Satoshi and no one should listen to his false claims. He made fun of Wright by saying that Craig Wright is just like a fat kid who falsely claims that have a pretty girlfriend.

 

3. Even Vitalik Buterin, a famous personality in crypto space denied the opinions of Craig to be Satoshi. In one of his interviews, he said that if he really was Satoshi, he could have proved by a simple private key but he presented a complex and bogus proof to the public to prove that he was Satoshi. He said that he believes that all the claims by Craig are false.

 

4. Even if Craig was Satoshi, why a person would show the world that he owns million of bitcoin in the cryptographic way of proof so that anyone can easily steal that billion worthy digital coins? I mean just for the sake of proving the identity, why would someone invite the hackers to steal all the bitcoin? This seems completely irrelevant.

 

5. Craig in his process to prove himself tried to fool all by using two similar words ‘signature’ and ‘signiture’. In his script, at one place he defined as ‘signature’ and while running the script, he used the word ‘signiture’. Anyone can understand this bogus proof easily just by having a careful look on the script that he portrayed.

 

6. John McAfee, a famous personality in computer programming and McAfee group, publicly denied the claims of Craig. He said the definitely, Craig is not the real Satoshi Nakamoto. He further added that he knew who the true Satoshi is. He has known him from the past. As per him, Satoshi is neither a committee nor the Craig Wright. Satoshi is a single and very intelligent individual.

 

7. There is no special event for Craig to prove that he is the real Satoshi Nakamoto. If he was the real Satoshi, he could have presented him in the public in the past when the bitcoin was on the peak. Also, when asked about the same in an interview, Craig Wright has no proper answer to it. Why would a person hide his identity when his creation was ruling the world and all of a sudden he would reveal his identity having no special event or reason? This is really not acceptable of Craig’s claims.

 

8. In one of the papers published by real Satoshi, he mentioned about some age of twenties. If this is taken as the age of Satoshi at that time then, this makes an incompatible age difference between Craig and the real Satoshi. Craig has his year of birth as 1970 and the paper published was in 2009-2010. So, if this assumption of the word twenty and age in a single line to be talking about Satoshi’s age is assumed true, then for sure Craig is not Satoshi.

 

9. Craig has stopped claiming himself as Satoshi Nakamoto these days after a lot of people cam publicly and thrashed the claims made by Craig. In a recent interview when asked about a question that is he the real Satoshi, he refused to answer directly. He has already been titled as a ‘faketoshi’! Why a person would refuse to accept his own identity even if some people of a society are not believing him? It is very difficult to digest.

 

10. The same day, when Craig Wright published his fake public cryptographic proof to claim as the real Satoshi and met Gavin Andresen, one news came that Anderson’s commit access to the Bitcoin Core was removed and the core team was concerned that it was probably hacked. This also gives the sign that Craig’s proof was not so much true and maybe someone on his behalf tried to hack bitcoin core accesses to steal some data and help Craig to claim.

Continue Reading

#Bitcoin

Craig Wright Exposed by WikiLeaks

Published

on

WikiLeaks posted on twitter about Craig Wright, the self-proclaimed Satoshi Nakamoto, disclosing his fake and altered blog post from 2008.

WikiLeaks posted on twitter about Craig Wright, the self-proclaimed Satoshi Nakamoto, disclosing his fake and altered blog post from 2008. According to WikiLeaks, the post was forged by Craig Wright to claim that he is the inventor of bitcoin and has been working on cryptocurrencies since 2008.

WikiLeaks is an international non-profit organization that publishes secret information, news leaks, and classified media provided by anonymous sources. WikiLeaks was one of the first organizations to start accepting bitcoin after the American government had forced Mastercard and Visa to carry out transactions for the organization. According to WikiLeaks founder, Julian Assange, Wikileaks made 50,000% return on bitcoin that it has invested in 2010.

Tweet by WikiLeaks:

Craig Wright was exposed in a tweet by WikiLeaks yesterday which shows that the blog post which Craig Wright used to prove his identity as Satoshi Nakamoto, the creator of bitcoin is a forged blog post. WikiLeaks also stated that Craig Wright is a serial forger of documents and has been repeatedly caught.

Craig Wright Responds:

Craig Wright responded to the tweet by WikiLeaks stating WikiLeaks is a fake news site. He said that organizations such as WikiLeaks have freedom of speech. He also stated that a pseudo leak site such as WikiLeaks should not even exist.

Craig-Wright-SS

Craig-Wright-SS

Continue Reading

Trending