On June 7, the United States Justice Department and the Federal Bureau of Investigation (FBI) announced the “recovery” of 63.70 bitcoin from the funds Colonial Pipeline sent to the hackers. The official story has a number of inconsistencies and federal investigators did not disclose how the FBI was able to confiscate the Darkside gang’s private key.
Darkside Ransomware Gang Story Loaded With Discrepancies and a Vague Bitcoin Key Capture
The cryptocurrency space has been discussing the recent law enforcement capture of 63.7 BTC or $2.3 million worth of bitcoin at the time of seizure. There have been issues with the way the story has unfolded and people are skeptical of the official story. Bitcoin.com News reported on Monday, how the Justice Department and Deputy Attorney General Lisa Monaco revealed the seizure story. Monaco detailed that federal authorities had “turned the tables on Darkside.”
But from the very moment this story broke by a number of mainstream media outlets, there were a few discrepancies. The first was whether or not the U.S. government advised Colonial Pipeline to oblige the ransomware demands or specifically told the company to pay. If the government did tell the business to pay Darkside then it would contradict the government’s stance toward not paying ransomware hackers.
Another issue with the original story is when CNN originally reported on the hack, the news outlet claimed the oil company wasn’t intending to pay the ransom. According to Bloomberg, shortly after, Colonial Pipeline did pay nearly $5 million to the ransomware gang Darkside.
Besides the two contradicting elements in both CNN and Bloomberg’s stories, the articles also noted differences with the digital currency used. CNN originally reported that the payment was demanded to be paid in “bitcoin,” while Bloomberg wrote Darkside asked for “difficult-to-trace” cryptocurrencies. CNN’s article was updated after Bloomberg’s article published to reflect the same narrative.
Then there’s the fact that it is impossible to crack a bitcoin (BTC) key without forcing the owner to reveal the private key. This is a constant theme on Twitter, as the crypto community discusses the situation of how the FBI agent obtained the private key. The story’s affidavit filed on June 7, 2021, explains how law enforcement leveraged “blockchain explorers” to trace the coins. But other than that the affidavit is extremely vague and contains lots of redactions.
The report published yesterday on Bitcoin.com News explains that executives from Blockchain Intelligence Group (CSE: BIGG) highlight that law enforcement was dependent on “training and analysis [that] requires advanced tools and learning” Other blockchain surveillance companies also followed the ransomware coins as Elliptic recently wrote about following Darkside funds.
So far between all the comments from Monaco, the Justice Department, the FBI agent’s affidavit, and comments from a few blockchain analysis teams, there are no dots that are deeply connected to how the FBI obtained ownership of the private key now in possession.
Crypto Sleuths Discover Hackers Stored Data on the Cloud, Feds Obtain Cloud Server Password via Warrant
A report published by NPR discloses three possible scenarios. One possibility, NPR’s Vanessa Romo notes is that maybe the federal agents were tipped off by an insider in the Darkside gang. The second theory is that Darkside was “careless” or a member of the gang slipped by releasing information tied to the key.
Another theory could be that the FBI was able to shakedown a third party or possibly a cryptocurrency exchange. Some people even openly attacked bitcoin’s “key selling points” that it was supposed to be “beyond the reach of the government.”
The lawyer Jake Chervinsky who often comments on the blockchain and crypto space regularly said: “We don’t know exactly how FBI seized the Colonial Pipeline ransom [and] they’re not telling us. The warrant application suggests they got the private key. Maybe from the DarkSide server seizure? There’s no suggestion that an exchange or custodian was involved, but that’s possible.”
Independent journalist Jordan Schachtel gave his opinion about the situation on Twitter and told his 123,000 followers that the “FBI did not ‘hack back’ a bitcoin wallet, despite claims that they did. It’s mathematically impossible to hack private keys.” Schachtel continued:
Schachtel and many others also discovered the warrant that does indicate the U.S. government obtained the key by leveraging a warrant. The journalist said that it was possibly an exchange based in San Fransico or a database server based in the state of California.
The CSO at Coinbase, Philip Martin, said he saw a lot of accusations pointing at Coinbase as possibly being “involved” with the seizure. Martin and Coinbase insist that “Coinbase was not the target of the warrant and did not receive the ransom or any part of the ransom at any point. We also have no evidence that the funds went through a Coinbase account/wallet.”
The election attorney, litigator, and bitcoin practice group leader, Bryan Jacoutot, reiterated the fact that bitcoin private keys cannot be “hacked.”
“For those of you who think the US gov’t cracked SHA-256 and correctly guessed the private key of the Colonial Pipeline hackers,” Jacoutot said. “Here’s a fun fact: The size of bitcoin’s private key space is 10^77. For comparison, the amount of *atoms* in the observable universe is 10^80.”
A Twitter account called “Cthulhu” mentioned it could be a false flag and said:
“The FBI either was given the private keys or they stole them,” another individual dubbed Kingt Crypto remarked on Monday. The fact is the FBI didn’t crack a bitcoin wallet. No one can crack a secure bitcoin wallet. The FBI obtained the private keys to the Darkside funds via getting an encryption key to a cloud server by obtaining a warrant issued in San Fransico.
Currently, as the story continues to trend across the web, there are lots of skeptics questioning the ‘official’ tale told by the U.S. government.
Source:-https://news.bitcoin.com/bitcoin-keys-cannot-be-hacked-skeptics-question-the-official-colonial-pipeline-bitcoin-seizure-story/
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Friday, June 11, 2021
Mystery Whale Returns by Moving $35 Million — Miner Transfers 1,000 'Sleeping Bitcoins' from 2010
Two months after the mystery mining whale from 2010 transferred a string of 20 block rewards with 1,000 bitcoin on March 23, it seemed as though the entity was finished, after spending 10,000 bitcoin total. However, it took 78 days for the whale’s next move, as another 20 blocks from 2010 were transferred on Wednesday after the bitcoin sat idle for more than a decade. Despite the fact that bitcoin’s value is much lower today than a month ago, the mystery whale spent 1,000 bitcoin worth $35 million on Wednesday morning (EST) from 2010 at block height 686,865.
The 2010 Mystery Whale Is Back, 1,000 Ten-Year-Old Bitcoins Move
Last year and into 2021, Bitcoin.com News has been investigating a mystery whale that spends strings of 2010 block rewards in the same pattern every time the entity transfers coins. The strings are precisely 20 decade-old block rewards that contain 50 bitcoin (BTC) each and are also spent in one block.
The last time the old-school whale from Satoshi’s era moved coins was on March 23, 2021. The mining entity has now moved another concession of 20 block rewards from 2010 on Wednesday, June 9, 2021, at block height 686,865.
Every block reward spent today was mined back in 2010 between the months of August through October of that year. Each block reward contained 50 BTC and when spent, the coins were consolidated into one address, which at one time held 999.99 BTC.
As usual, Bitcoin.com News has been tracking this particular whale entity, and the ‘sleeping bitcoins’ that woke up on Wednesday morning were caught by Btcparser.com. The consolidated address then dispersed the $35 million worth of crypto to a myriad of different addresses.
The zombie coins from 2010 spent today followed the exact same pattern as the 10,000 decade-old bitcoins spent prior. The grand total now is 11,000 coins spent since last year when Bitcoin.com News caught the whale’s first awakening.
It all started on March 12, 2020. From there October 11, 2020, November 7, 2020, November 8, 2020, December 27, 2020, January 3, 2021 (Bitcoin’s 12th anniversary), January 10, 2021, January 25, 2021, February 28, 2021, March 23, 2021, and then today’s spend.
There Hasn’t Been a Bitcoin Whale Like This One in Ages
Ever since the bitcoin bull run began, old school whales have been making mysterious moves, but this whale, in particular, has been quite the oddity. In addition to the 1,000 BTC spent on Wednesday, the whale also moved the corresponding bitcoin cash (BCH) into a consolidated address that contained 1,001 BCH.
However, just like the previous patterns, the whale did not transfer the corresponding bitcoinsv (BSV) tokens as those coins still sit idle in their original coinbase addresses. The BCH spent was over $600K at the time of transfer and the BCH was also dispersed to a myriad of different addresses.
The crypto community still has no idea who this particular whale from 2010 is but the whale certainly has mined a great number of coins in the early days. It’s also worth noting that the terms “spent” or “spend” in the world of bitcoin, simply mean the transfer from one address to another.
The terms “spent” or “spend” do not necessarily mean that the bitcoins were “sold” to a third party like a popular crypto exchange. Although, since the mysterious whale has been moving coins since ‘Black Thursday’ 2020, our onchain analysis at Bitcoin.com News indicates the 11,000 BTC may have been sent to a well-known exchange.
Source:-https://news.bitcoin.com/mystery-whale-returns-by-moving-35-million-miner-transfers-1000-sleeping-bitcoins-from-2010/
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Thursday, June 10, 2021
Centuary Mattress Launched First Roll Pack Pocket Spring Mattress in India
Centuary Mattresses has now ventured into ‘Online Exclusive category’ of mattresses with the launch of ‘Sleepables Mattress’ - India’s first ‘Pocketed Spring Mattress in Box’.
Centuary is a 30-year-old Mattress Company and it have a wide range of mattresses that include Spring, Foam, Coir, Memory Foam, and Orthopaedic Mattresses. Under their brand umbrella they also have Sleepables (First roll pack pocket spring mattress and Beddy (Baby mattresses)
Sleepables by Centuary is the first and only online exclusive range in India of Rollpack Pocketed Spring Mattresses which comes as a bed in a box. ‘Sleepables By Centuary Pocketed Spring Mattress’ is a first of its kind technologically superior mattress designed with independent pocketed springs, which ensures zero motion transfer even if someone is tossing and turning on the other side of the bed.
Sleepables pocket spring mattress uses an advanced spring technology with active edge support and plush PU (Polyurethane Foams) Foam comfort layer and quilt. The ‘Sleepables’ range of mattress is available in all standard sizes of single, double, king, and queen size beds with an option of customized size also. The Sleepable range is available in 6 inches and 8 inches thickness.
Speaking about the launch, Uttam Malani, executive director of Centuary Mattresses, said, "Sleepables by Centuary is expected to be the growth driver for Centuary’s push into online sales leadership of the mattress category, which is currently dominated by multiple unorganised players and private labels. It also strengthens our positioning in the segment of the superior product configuration since Rollpack spring mattresses need high-quality technology that has never been deployed in India earlier.”
Sleepables by Centuary is the first exclusive range in India of Rollpack pocketed spring mattresses which comes as a bed in a box. The Rollpack range is available on Amazon, Flipkart, Pepperfry and Centuary’s website as well. These mattresses are manufactured at Centuary’s own manufacturing plants in Hyderabad.
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TimeCoin(TMCN) Combines NFT and DeFi, VTuber and Game Player Matching Service
TimeCoinProtocol is the decentralized sharing economy protocol which aims to optimize world resource usage. Various applications can be built and run on theTimeCoinProtocol including third party applications. The project puts a strong focus on the Gig Economy and Creator Economy. The project has issued an original cryptocurrency called TimeCoin(TMCN) which is listed on some major exchanges and was initially financed by a few investors who invested around 4 million USD. There have been only a very limited number of tokens placed on the market so far.
The project is currently focusing on a Gig Economy application called TimeTicket, Creator Economy applications called GameTomodachi, eSportStars, and VTuber Production, NeoRad.
TimeTicket has more than 500,000 users in Japan and generates several million US dollars in sales. The revenue of TimeTicket has grown more than 40 times over 3 years and the business plans to expand internationally.
GameTomodachi is a game player matching application that targets the international market. The application will be released in September 2021. It plans to support more than 30 languages and 1,000+ games. The project’s main focus is the Indian market and it has plans to expand to other regions. Influencers in the gaming industry and game players can sell tickets which a buyer can use to play games with or against the sellers. eSportStars is an esports tournament management application that is being continuously upgraded. Esports players can communicate and play with or against fans.
NeoRad Production is a VTuber management service that targets the global market. NeoRad has supported several VTubers that perform game, anime, and song related streaming videos. Shirahari Uni was the first VTuber.
The project requires further development, including the implementation of Defi and NFT functionalities on the TimeCoinProtocol for these applications and VTuber production, and also new funds to support development and marketing costs. The project is planning to create an NFT marketplace where the VTubers and other creators in the world can trade NFT items.
The project can offer an innovative DeFi system which is called Creator Sponsor Staking (CSS) along with the NFT marketplace. Fans can increase their TimeCoin holding by 12% after 6 months of staking and 24% after 12 months of staking. The increased portion will be split 50/50 between the fans and the creators. In return for sponsoring, creators will provide memberships with exclusive services, NFT digital items, services, and discount coupons.
TimeTicket GmbH CEO, Masato Kakamu, explained in a recent AMA: “We want to create a place where professional players, creators, and fans can easily earn money which also helps them to better engage with their fans. To extend the GameTomodachi and eSportStars service, we want to offer esports gambling as well. We offer eSports mining for participants to earn TimeCoin. The more TimeCoin participants own, the better service they can get.”
For this reason, the decision has been made to launch off-market token sales in order to enable the implementation of DeFi and NFT functionalities in the dApps and NFT marketplace, so that fans can support creators such as esports players, streamers, VTubers, etc. This will allow both creators and fans to receive additional tokens, as well as in-game items, art and anime characters traded using NFTs. Investors of TMCN can earn additional income by supporting creators as well.
Out of a total of 100,000,000 existing TMCN tokens, 10,000,000 tokens will be sold during the special token sales at more than 90% discount on the current market value. Several million dollars-worth of TimeCoin(TMCN) have already been sold and there is a limited number of tokens available for the sale.
It will be possible to purchase TimeCoin in BTC, USDT or ETH via the TimeCoinProtocol.com/sale page, where it is also possible to consult the table of the token release periods.
Source:-https://news.bitcoin.com/timecointmcn-combines-nft-and-defi-vtuber-game-player-matching-service/
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Wednesday, June 9, 2021
Web3 grant project DNFT protocol connects with the isolated NFT world
DNFT protocol is a decentralized cross-chain nonfungible token network based on Polkadot. As a para chain of Polkadot, DNFT will provide the solution to cross-chain NFT management. DNFT is devoted to the protection of digital assets and the innovation of underlying protocols to enrich the Polkadot ecosystem.
The technology behind DNFT
Currently, many platforms are leveraging the smart contract powers of Ethereum. However, as a cross-chain infrastructure of the NFT ecosystem, DNFT is developed based on Polkadot, which is highly scalable and allows developers to create a cross-chain protocol with great performance. As such, DNFT users can enjoy the NFT cross-chain management in a safe, high-speed, and reliable way.
Grants and awards received by DNFT
DNFT protocol is a recipient of the Wave 9 Web3 Foundation grant. The DNFT team was given a grant by Binance and also finished in the top three in hackathons DoraHacks and Wanxiang Hackathon.
Services provided by DNFT
DNFT is a newly introduced decentralized NFT platform designed to provide NFT assets management and cross-chain services. It merges several functionalities, including NFT creation and cross-chain management, NFT marketplace and auction, data-model-as-an-NFT module, NFT gaming and decentralized autonomous organization governance.
NFT creation and cross-chain management
DNFT institutes a continuous taxing system when the asset is created and stored in the DNFT network. However, if there are delays in tax collections for the NFTs, the assets will go through auctions, and the winner of the bid will be the custodian of the purchase who has to pay taxes.
As for cross-chain services, the DNFT network will provide a cross-chain bridge that allows assets to go across multiple blockchains. Several chains such as Ethereum, BSC, Heco and Polkadot are supported in the platform.
NFT marketplace and auction
The NFT marketplace is integrated into an NFT platform. The completed trading and auction services for NFTs will attract artists and NFT creators to the platform. In addition, the security of transactions also plays an important role in the system. As such, the DNFT protocol ensures the security of its NFT assets for each user.
DAAN module
The data-model-as-an-NFT, or DAAN module, is DNFT’s innovative practice for its future NFT vision. It was also the core module that helped the project team achieve the grant from the Web3 Foundation. Through the DAAN module, the data model can circulate more widely. This futuristic innovation will lead to a new wave for the existing NFT ecosystem.
NFT gaming
The integration of NFTs into games is currently a hot topic. NFTs as an asset in the game will be attached a new value by players and game developers. The game module in DNFT will be an important part of the NFT ecosystem. DNFT will also provide grants to outstanding game developers to promote a creative developer community and enriched ecosystem.
DAO governance
DAO governance will ensure the sustainability of the platform. For instance, it will process the auction of NFTs with unpaid taxes. If an NFT fails a DAO governance auction, the NFT will be burned. In addition, the future development of DNFT will also involve the community through DAO.
The DNF token and its benefits
The DNFT platform institutes its native token, DNF, which comes with dual compatibility: as a DNF ERC-20 token and a DNF mainnet token based on the Polkadot network. The mainnet token helps run the DNFT ecosystem and will be available once DNFT launches the mainnet.
These tokens can be exchanged once the DNFT bridge goes live, and users can exchange them on a one-to-one ratio. This cross-chain mechanism helps bolster the reliability of the DNFT network.
Providing grants to enrich DNFT’s NFT ecosystem
Primarily, all NFT and gaming networks will be encouraged to join the DNFT network. The DNFT grants will open live as soon as the project’s mainnet starts operating.
To help NFT projects successfully enter the mainstream, DNFT will offer grants worth 10 million DNF to outstanding artists and game developers. Moreover, DNFT will provide technical training and help with information regarding the Polkadot ecosystem.
The grant program will fund Polkadot-based NFT decentralized application development and integration. Generally, the DNFT team will provide grants while remaining simple, efficient, effective and transparent.
DNFT protocol’s latest processes
On June 2, DNFT protocol successfully closed its first round of its initial DEX offering on Mantra DAO. The beta version of the DNFT DApp will be launched in June as well. The centralized exchange listing of DNF will be executed at the beginning of July, and the DNFT mainnet will be launched in August.
Source:-https://cointelegraph.com/press-releases/web3-grant-project-dnft-protocol-connects-with-the-isolated-nft-world
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BabySwap’s Crazy APR is the best choice for investors
As the DeFi market warms up again, more projects and decentralized exchanges are showing up on the stage. According to CoinGecko, the DeFi crypto market capitalization for today is $98.7 billion, with a total trading volume of $9.9 billion in the last 24 hours, and the total value locked of DeFi coins is $106.4 billion. With so many options to distribute your funds, where should decentralized finance participants put their liquidity to earn more profits? BabySwap gives the answer.
All tokens are welcome
BabySwap’s introduction says it is the best AMM and NFT decentralized exchange for new Binance Smart Chain projects. It uses an initial liquidity offering to attract funds to BabySwap, which is quite unique and successful. BabySwap’s ILO means users need to add ALT-USDT liquidity to the ILO pool from June 1 14:00 UTC to June 2 14:00 UTC in BabySwap to earn BABY’s initial offering according to its share of pool. BabySwap has 252 different tokens available for ILO, with an extremely high APR between 200% to 3,000%. Participants have shared 10,000,000 BABY in total, with the initial price of $0.1. Since the time period is short, the impermanent loss can be ignored, and some of the participants even earned more after they unstacked the liquidity providers.
The purpose of the ILO
According to BabySwap, the main purpose of the ILO is as follow:
Attract more traffic: As a new DEX, it is important to have a grand opening. An ILO can draw people’s attention to BabySwap and lead them to experience the full process of adding liquidity and staking. In addition, it will be easier for them to stake in BabySwap’s farm and pool after the ILO.Maximize your token’s value: Many have altcoins, but the original purchase price might be way higher than the current price due to the huge dump in the crypto market. BabySwap wants to increase its profit by encouraging them to participate in the ILO.Bring attention to newborn or small projects: BabySwap focuses on “baby projects” and aims to let people understand the value of outstanding projects.
Next move
BabySwap has opened 28 farms and one pool (stake BABY, earn BABY) after the ILO with an extremely high APR.
With a steady operation and smart innovations, BABY’s price will be increased in a healthy way. Users who have the above tokens in other BSC DEXs or Binance will have a higher return by providing liquidity in BabySwap.
BABY’s price
The initial price of BABY is $0.1. The price increased from $0.1 to $0.4 in a short period of time around 15:00 on June 2 UTC and suddenly dropped back below $0.1. This is common for tokens new to the market since many investors may dump their tokens immediately instead of waiting for future increases. However, surprisingly, the price then went back above $0.1 and continually increased to $0.19, which was almost 2x of the initial price. It turns out that BabySwap’s farms and its pool have successfully attracted people’s attention: Many kept buying in and then staked BABY into farms or our pool. Investors believe in the future increase of BABY, and there are reasons behind it.
Investors have compared BABY to PancakeSwap’s CAKE ($19) and BakerySwap’s BAKE ($4). Thus, there is a 40x–190x increase for BABY to run. On the other hand, compared to the market cap of CAKE (around $3 billion) and BAKE ($670 million), BABY only has a circulating market cap of $100 million after the ILO, which also gives BABY space to grow.
According to BabySwap’s operating strategy, nonfungible token moves and even user interface, it is not hard to tell that it is doing the best it can to help new projects and have a long-term steady operation. Besides, BabySwap has passed CertiK’s audit, and its code is open-sourced on GitHub.
Source:-https://cointelegraph.com/press-releases/babyswaps-crazy-apr-is-the-best-choice-for-investors
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African American Women In Cinema and The United Black Wall Street of America Commemorates Black Wall Street
Tulsa, Oklahoma, June 8, 2021 -- African American Women In Cinema in partnership with The United Black Wall Street of America, Inc Hosted a Historical film festival commemorating the centennial 1921 Tulsa, Oklahoma massacre on ay 29, 2021 at the Greenwood Gallery in Tulsa, Oklahoma.
This historic event featured films depicting the tragedy as well as unique conversations with the descendants and an educational keynote panel on “The Role of Blacks in the West.” During the historic occasion, there were many rare moments such as the President of African American Women In Cinema, Ms. Terra Renee conversation with the “First Family” of Taft, Oklahoma whose mother, Mayor Lelia Foley Davis was the first African American Woman Mayor in the United States. The First Family talked about how it was being the children of such an Iconic figure.
The event also Honored Dr. Jana Woodhouse, A Wall Street Pioneer, Laurel Stradford whose cousin Lauren introduced President Biden after sharing their family history in Tulsa. Other Honorees included, Matt McCoy, CEO of Soul City Network Broadcast LLC on Comcast and Verizon and Tam Lawrence, Founder of Exposure Television.
African American Women in Cinema (AAWIC) organization has served as a continuous support for the vibrant work of women filmmakers for the twenty-three years. AAWIC has provide a platform to showcase aligning experienced and novice filmmakers, directors, producers, screenwriters and/or actors. Our mission is to expand, explore and create business opportunities for minority women filmmakers throughout the entertainment industry. It is the goal of AAWIC to give artistic women a path to fulfilling their dreams through showcasing their talents, exposure to peers’ interaction, and mentoring by established professionals.
The program was sponsored by Soul City Network Broadcast LLC, Bromont Program and World Financial Group Insurance Agency, LLC https://www.worldfinancialgroup.com/ and Transamerica Financial Advisors, Inc. https://www.tfaconnect.com/
For more information on this Historic event please visit AAWICBWS.US
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