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Twelve years ago on January 3, pseudonymous Bitcoin creator Satoshi Nakamoto mined the Genesis block – the first-ever bitcoin block. The block included a reward of 50 BTC, then worthless, but that’s now worth $1.61 million.
After being inactive for over three years, an address associated with one of the largest hacks on Ethereum has started moving funds again.
Popular cryptocurrency exchange Bittrex has announced it will be delisting Monero (XMR), zcash (ZEC), and dash (DASH), continuing a trend that’s been seeing privacy-centric cryptocurrencies be delisted by trading platforms.
Top stories in the Crypto Roundup today:
- Bitcoin Hit a New All-Time High on Its 12th Birthday
- 2017 Parity Wallet Hacker Starts Moving Stolen ETH
- Bittrex to Delist Privacy Coins XMR, ZEC, and DASH
- ETH, LINK, ADA Are Moving in the Crypto Market
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Bitcoin Hit a New All-Time High on Its 12th Birthday
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Twelve years ago on January 3, pseudonymous Bitcoin creator Satoshi Nakamoto mined the Genesis block – the first-ever bitcoin block. The block included a reward of 50 BTC, then worthless, but that’s now worth $1.61 million.
It included a symbolic message saying BTC is safe from the misdeeds of large financial institutions and of central banks, who during the 2008 financial crisis bailed out financial institutions. It taken from The Times:
“The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.”
In its first few years, bitcoin was essentially worthless, but as demand grew and block rewards started to drop, its price increased. In 2017 it hit a high near $20,000, which was surpassed this year. On its 12th birthday, on January 3, 2021, it surpassed the $34,000 mark for the first time.
At press time, BTC is trading at $32,400 after enduring a correction from its new all-time high of $34,654.1.
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2017 Parity Wallet Hacker Starts Moving Stolen ETH
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After being inactive for over three years, an address associated with one of the largest hacks on Ethereum has started moving funds again.
The address is associated with the Parity hack. In 2017, Parity lost over 150,000 ETH, roughly $30 million at the time of the hack, to a hacker who managed to exploit a vulnerability in its multi-sig software wallet.
The hacker distributed 70,000 ETH evenly across seven wallets, and one of them has started to convert funds to renBTC late last year. A total of 300 ETH were converted using decentralized exchange Uniswap.
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Bittrex to Delist Privacy Coins XMR, ZEC, and DASH
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Popular cryptocurrency exchange Bittrex has announced it will be delisting Monero (XMR), zcash (ZEC), and dash (DASH), continuing a trend that’s been seeing privacy-centric cryptocurrencies be delisted by trading platforms.
In a press release, the exchange said the coins will be removed on January 15 at 23:00 UTC. While the exchange did not specify why it is removing the coins, exchanges throughout the world have been moving to delist privacy coins in a bid to stay compliant with know-your-customer (KYC) and anti-money laundering (AML) regulations.
The U.S. Secret Service has, for example, urged Congress to create ways to limit the use of cryptocurrencies meant to protect the privacy of users.
The price of all three coins being delisted fell after Bittrex announced the move. Dash responded on social media saying the label “privacy coin” is a misnomer in its case, and it’s requesting a meeting with Bittrex’s compliance team to be reinstated.
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ETH, LINK, ADA Are Moving in the Crypto Market
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Several tokens are leading the charge in the last 24-hour period. Some of these are well-known cryptocurrencies with rather liquid trading pairs, so we’ll be focusing on these over low-cap cryptos that may have higher percentage changes.
Ethereum (ETH) - Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud, or third-party interference. Ethereum is home to most decentralized finance projects, and its ether token is up 22.58% in the last 24 hours.
Chainlink (LINK) - Chainlink is a blockchain-based middleware, acting as a bridge between cryptocurrency smart contracts and off-chain resources like data feeds, various web APIs, and traditional bank account payments. LINK is up 15.54% in the last 24 hours.
Cardano (ADA) - Designed and developed by IOHK in conjunction with the University of Edinburgh, the University of Athens, and the University of Connecticut, Cardano SL (or Cardano Settlement Layer) is the world’s first peer-reviewed Proof of Stake cryptocurrency. Its token Ada is up 17.13% in the last 24 hours.
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State of the Crypto by Top Tier Exchange Volume
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