Moving Coins, Data Breaches, and Magical Authors: Bad Crypto News of the Week

It’s been a good week for Bitcoin. The halving doesn’t seem to have done the top cryptocurrency any harm at all, with the dollar value up more than 8 percent over the previous week. Ethereum is up more than 10 percent which just shows that the opportunity for blockchain-based solutions are still red-hot. If you’re taking that opportunity to issue tokens or digitized assets and seeking legal counsel with respect to securities and regulation then you should speak to Josh Lawler at law firm Zuber Lawler. They sponsor the Bad Crypto podcast and they’re specialists in developing technology, including the blockchain.

One person who understands the blockchain better even than Josh Lawler is Satoshi Nakamoto, and it looks like the mystery inventor has been busy. Fifty Bitcoins mined as early as a month after the launch of the Bitcoin mainnet have just moved to two different Bitcoin wallets. It’s not certain that the coins are Nakamoto’s stash but few people were mining with the original Bitcoin client eleven years ago. Craig Wright said that he didn’t move the coins, which is a problem because he also told a US court that the address belongs to him. Oops.

In another mystery move, about $6 million worth of STEEM has been “rescued” in an anonymous transaction on the Bittrex exchange. The tokens, from 64 Steem accounts, were supposed to move to an account called “community321” as part of a hard fork designed to stop “malicious attacks” on the network. The account has asked Bittrex to give them back.

And in an even stranger move Crypto YouTuber Vin Armani has packed his family off to the Northern Mariana Islands. He’s preparing for the zombie coronavirus apocalypse.


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