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Felix Mollen

Articles by Felix Mollen

Bitdefender Releases Tool To Decrypt Files Affected by REvil/Sodinokibi Ransomware

3 days ago

How did the hacker escape the police? -He Ransomware.
Jokes aside, the victims of the infamous REvil/Sodinokibi ransomware now have a reason to celebrate, as they can have access to their files again.
A few hours ago, the cybersecurity company Bitdefender announced that it succesfully developed a tool to decrypt files altered by the REvil/Sodinokibi ransomware, returning them to their natural state.
The Infamous REvil/Sodinokibi Now Has a Cure
According to the announcement, Bitdefender received support from a “trusted law enforcement partner.” The company explains that they cannot provide further details unless and until they have the proper authorization. It is important to note that international investigative agencies are still working to apprehend members of the

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Are We in a Crypto Bubble? We Couldn’t Be Further From it: Ark Invest CEO Says

14 days ago

Cathie Wood, CEO of Ark Invest, recently spoke about the market outlook, taking the opportunity to give some love to Bitcoin and the ecosystem of industries that are developing around cryptocurrencies.
Speaking with Yahoo Finance, the financial expert assured that the future looks bright for the world of cryptocurrencies. Wood disagrees with billionaire investor John Paulson’s recent criticism of Bitcoin and cryptocurrencies, claiming that Bitcoin is managing to surpass gold as a store of value in this digital age.
“What we (Ark Investment) think he’s missing about cryptocurrencies is they’re much more than a store of value or digital gold. Bitcoin is a new, global monetary system that is completely decentralized and not subject to the whims of policymakers.”
A few days

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Binance Is Not Authorized To Operate in South Africa, Regulator Says

16 days ago

Every day an increasing number of countries turn their back on Binance, sending warnings to their users, letting them know that if they use the exchange, they are basically on their own in case of any inconvenience.
A few hours ago, the Financial Sector Conduct Authority (FSCA) of South Africa issued a Press Release stating that Binance was not authorized to operate in the country.
The regulatory body assures that the company does not have the necessary registration to offer brokerage services or give investment recommendations in the country.
The Financial Sector Conduct Authority (FSCA) warns the public to be cautious andvigilant when dealing with BINANCE GROUP as they are not authorized to give anyfinancial advice or render any intermediary services in terms of the

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Massive Anti Bitcoin Protests Fill The Streets of El Salvador

21 days ago

The political situation in El Salvador is only getting worse as the day approaches when the country will start adopting Bitcoin as legal tender.
On September 7 of this year, the waiting period for the Bitcoin Law to become mandatory is over. According to the text of this Law, all economic agents must accept Bitcoin along with the dollar as a means of payment.
Bukele promises that the measure seeks to benefit the people and save the country close to $400 million in remittance commissions, guaranteeing instant and more secure financial transactions.
But Salvadorans do not seem to agree.
The People of El Salvador Protest Against Bitcoin
In the last few days, annoyance and fear of the imminent application of the Law have exacerbated the mood of Salvadorans, and demonstrations

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Jack Dorsey Reveals Efforts to Build a Bitcoin-Centric DEX

23 days ago

Square – and Twitter – CEO Jack Dorsey is not just satisfied with saying he loves Bitcoin. He is doing everything he can to realize his dream of making BTC the global currency of the internet.
In Mid July, Dorsey announced the launch of TBD, a new business aimed at facilitating the creation of decentralized financial services. Today he finally revealed that the division will be in charge of developing a decentralized exchange (DEX).

We’ve determined @TDB54566975’s direction: help us build an open platform to create a decentralized exchange for #Bitcoin
— jack⚡️ (@jack) August 27, 2021

Jack Dorsey did not disclose further information about the platform. So it is likely still in the theoretical stage, however considering the robustness of CashApp,

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Kraken Wants an European License in 2021. An NFT Marketplace Is Under Consideration

26 days ago

The crypto exchange Kraken does not want to lag behind in the race to dominate the global cryptocurrency market and is actively working on expanding beyond the United States.
The first and also the most challenging destination is Europe. In an interview for the German news outlet Handelsblatt, Jesse Powell, CEO of Kraken, said that the exchange is in the process of getting a license to operate legally on the continent.
Powell expects everything to be ready before the end of 2021. He did not reveal the status of the negotiations but assured that the company is very interested in Malta, Luxembourg, or Ireland, countries with which the Kraken team is already conducting the respective consultations.
Kraken vs Coinbase
For Kraken, obtaining this license is crucial for its

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Huobi Will Support Crypto-Fiat Operations in Latin America

29 days ago

The popular cryptocurrency exchange Huobi Global is taking advantage of its competitors’ setbacks to break into new markets.
The latest chess move involves a partnership with Latamex —Settle Network’s on and off-ramp fiat-to-crypto payment gateway— with the goal of enabling purchases and sales of cryptocurrencies with fiat money in Argentina, Brazil, and Mexico.
The exchange also announced a promotion for its customers: It will allow them to buy cryptocurrencies with zero fees as long as they use fiat money during the first month of this service.
A New Option For Crypto-Fiat Operations
According to Jeff Mei, Huobi’s Director of Global Strategy, as a result of the partnership, the exchange enters a market of 600 million potential customers.
“Latin American market holds more

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Huobi Will Support Crypto-Fiat Operations in Latin America After Partnership With Settle Network

29 days ago

The popular cryptocurrency exchange Huobi Global is taking advantage of its competitors’ setbacks to break into new markets.
The latest chess move involves a partnership with Latamex —Settle Network’s on and off-ramp fiat-to-crypto payment gateway— with the goal of enabling purchases and sales of cryptocurrencies with fiat money in Argentina, Brazil, and Mexico.
The exchange also announced a promotion for its customers: It will allow them to buy cryptocurrencies with zero fees as long as they use fiat money during the first month of this service.
A New Option For Crypto-Fiat Operations
According to Jeff Mei, Huobi’s Director of Global Strategy, as a result of the partnership, the exchange enters a market of 600 million potential customers.
“Latin American market holds more

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Bitcoin Realized Cap Hits a New ATH, Glassnode Reveals

August 14, 2021

Well, whoever thought that the bearish sentiment was going to kill Bitcoin was wrong, very wrong. What’s more, one statistic suggests that Bitcoin could be more valuable today than ever before for the ecosystem – including its ATH days.
Bitcoin’s total “realized” market cap today surpassed the numbers registered in April 2021 when its price had topped out.
Bitcoin Realized Cap. Image: GlassnodeThe statistic was shared a few hours ago by the blockchain data provider Glassnode via a tweet as BTC registered a realized cap of $378,768,190,450.72.

📈 #Bitcoin $BTC Realized Cap just reached an ATH of $378,768,190,450.72
View metric:
— glassnode alerts (@glassnodealerts) August 14, 2021

Why Does the Realized Cap Matters For

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Bitcoin Dipped and Recovered: The U.S. Infraestructure Bill Drama Was Just a Bump For The BTC Price

August 10, 2021

The nervousness caused by the ongoing discussions of the U.S. Infrastructure Bill does not seem to have affected Bitcoin traders at all.
Bitcoin remained sturdy above the psychological barrier of $45,000 as the Bitcoin bulls went to battle a few hours ago. The U.S. Senate failed to reach an agreement on a series of amendments that would exclude decentralized cryptocurrency service providers – such as wallets, miners, and DeFi protocols – from being considered as “brokers.” Instead, the Senate passed a bill that, under current conditions, could make the development of the crypto industry in the country practically impossible.
A Senator Crashed Bitcoin, But The Bearishness Did Not Last
This unfortunate outcome happened due to the stubbornness of Senator Richard Shelby, who

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Brazil Launches Its First Eco-Friendly Bitcoin ETF (BITH11)

August 8, 2021

Brazil continues to make progress in creating new investment opportunities related to cryptocurrencies. This week, it launched a brand new Bitcoin ETF —with a green twist.
Under ticker BITH11, the Hashdex Nasdaq Bitcoin Reference Price replicates the performance of the Nasdaq Bitcoin Reference Price Index.
This would, in turn, be the second ETF available in Brazil offering 100% exposure to Bitcoin, competing against the QR CME CF Bitcoin Reference Rate or QBTC11 that was also recently approved.
Brazil Has a New Eco-Friendly Bitcoin ETF
But Hashdex’s proposal differs from its QR Assets-managed competitor. It seeks to neutralize carbon emissions from Bitcoin investments.
The so-called First Green Bitcoin ETF in Brazil will use audits by Germany’s Crypto Carbon Ratings

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Brian Brooks Leaves Binance US, Citing ‘Differences’ With the Board —Just As The Head of Binance Brazil Did 3 Weeks Ago

August 7, 2021

A few hours ago, Brian Brooks announced his resignation as CEO of Binance US, a position that he assumed on May 1st of this year.
On his personal Twitter account, Brooks did not elaborate much on the details, simply explaining that there were differences over the strategic direction of the exchange.

Greetings #crypto community. Letting you all know that I have resigned as CEO of ⁦⁦⁦@BinanceUS⁩ . Despite differences over strategic direction, I wish my former colleagues much success. Exciting new things to come!
— Brian Brooks (@BrianBrooksUS) August 6, 2021
Brooks assured that he holds no grudges against the company and wished his colleagues the best of futures.
Binance CEO, CZ, issued an official statement following Brooks’ resignation, assuring that his departure will

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Want a Bitcoin ETF? Try Waiting Until 2023, Wilshire Phoenix Co-Founder Says

July 25, 2021

The massive cryptocurrency boom during the latter half of 2020 and the first half of 2021, coupled with a wave of institutional investors betting billions of dollars on the growth of the ecosystem, helped raise optimistic expectations around the approval of a Bitcoin ETF in the United States.
But one of the previous (unsuccessful) applicants for a Bitcoin ETF believes the odds of this happening anytime soon are very low.
Want a Bitcoin ETF? Better Wait
According to Wilshire Phoenix co-founder William Cai, the SEC does not intend to approve a cryptocurrency ETF anytime soon, despite pressure from prominent investors, entrepreneurs, and even influential politicians.
Speaking with the financial outlet Business Insider, Cali commented that his expectations would be set around

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Amazon Wants a Leader For Its Digital Currency and Blockchain Product Unit

July 24, 2021

Amazon seems determined to maintain its reputation as an innovative company and is looking to experiment with cryptocurrencies through a digital currency payment and blockchain unit.
According to an announcement posted on Thursday, Amazon is looking for a blockchain specialist to lead its Digital Currency and Blockchain strategy.
The Payments Acceptance & Experience team is seeking an experienced product leader to develop Amazon’s Digital Currency and Blockchain strategy and product roadmap … You will work closely with teams across Amazon, including AWS, to develop the roadmap, including the customer experience, technical strategy and capabilities as well as the launch strategy.
What Amazon is Looking For
The expert must have at least an MBA or equivalent degree, 10+ years

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45% of the Ultra-Rich Are Interested in Crypto, Goldman Sachs Reports

July 22, 2021

While the world worries about the fall of Bitcoin prices, billionaires are increasingly enamored with the cryptocurrency.
A recent Goldman Sachs study revealed that at least 45% of family offices are interested in investing large amounts of money in cryptocurrencies.
Family offices are firms in charge of managing the money of billionaires such as Amazon’s Jeff Bezos, Google co-founder Sergey Brin or Alibaba’s Jack Ma. Generally, each office manages the wealth of a family.
Family offices usually tend to put their clients’ money in profitable but traditional investments such as private equity, real estate, or investment funds. Still, according to Goldman Sachs, the growth of cryptocurrencies has begun to attract the attention of an increasing number of billionaires.

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Holding Bitcoin Right Now is Dangerous, Fund Manager David Tice Says

July 20, 2021

Bitcoin’s fall to the perilous support of $30K has made investors increasingly cautious, and warnings of a bearish force are already beginning to emerge even if the markets have already lost almost 50% of their total capitalization since the ATH just 3 months ago.
Among the bearish voices is David Tice, a seasoned investor known for managing the Prudent Bear fund until he sold it in the midst of the 2008 crisis – coincidentally, the crisis that gave rise to Bitcoin.
Hodling BTC is Dangerous
In an interview for Trading Nation, David Tice lived up to his reputation as a pessimist (just like his former fund) and warned about the dangers of investing in Bitcoin under current conditions.
David Tice explained that Bitcoin’s rise to $60,000 was extremely dramatic from his point

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PayPal Raises Limit on Cryptocurrency Purchases to $100K Per Week

July 16, 2021

PayPal’s decision to support operations with cryptocurrencies has brought outstanding results, and a few hours ago, it just hit the gas pedal and increased the limit on cryptocurrency purchases giving its customer more freedom to buy their beloved digital assets.
According to an Official PR, duly registered customers will now be able to buy up to $100,000 in crypto per week, without any other monthly or yearly limit. The company assured that the move comes in response to the feedback from its clients:
As part of our efforts to meet the ever-changing needs of our customers, we are pleased to announce that we have recently raised the purchase limits of cryptocurrency for eligible PayPal customers in the U.S. to $100,000 per week with no annual purchase limit. These changes

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Dogecoin Creator: Cryptocurrency is Like Taking The Worst Parts of Today’s Capitalist System

July 15, 2021

Despite his legendary status within Crypto Twitter, the creator of Dogecoin, Jackson Palmer, doesn’t tend to interact much with the community. He usually shows up, makes a statement, causes a stir, and disappears.
Today, in one of his occasional rants, Palmer decided to talk about the degeneration of the crypto community and why he has not plans to get involved with cryptocurrencies ever again.
The first reason seems to be the ethos behind the technology. Beyond the preachings of financial freedom, Palmer believes that crypto is nothing more than a right-wing tool to give more profits to the wealthy by removing the government’s regulatory powers:
After years of studying it, I believe that cryptocurrency is an inherently right-wing, hyper-capitalistic technology built

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Sotheby’s Sells Diamond For $12 Million in Cryptocurrency

July 10, 2021

Cryptocurrencies have many use cases and vanity is one of them.
Sotheby’s, one of the world’s most renowned auction houses, announced yesterday the sale of the second-largest pear-shaped diamond ever to be sold publicly, and the buyer paid in cryptocurrency.
The auction house did not disclose the winner’s information, but according to an updated information shared by Sotheby’s, the mystery bidder paid for the diamond using cryptocurrency. Sotheby’s had announced in advance that it would accept Bitcoin or Ether as a form of payment.
The actual diamond auctioned by Sotheby’s. Image Sotheby’s via TwitterA $12 Million Diamond
The diamond sold for about $12 million, making it the most expensive physical object ever auctioned using cryptocurrencies.
Previously, the

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America’s First Legally Recognized DAO is Finally Here

July 5, 2021

The world finally has its first legal DAO, thanks to developments in the state of Wyoming.
The American CryptoFED DAO, an organization dedicated to creating a monetary system resilient to fluctuations in value, received notice from the Wyoming Secretary of State’s office that its project had been officially recognized as a DAO in the United States.
This is a major step for the project and decentralized governance initiatives. It shows that the U.S. is open to recognizing organizations with innovative structures, even if they lack a centralized hierarchy.
Wyoming Becomes The First DAO-Friendly State in the US
DAO is the acronym for decentralized autonomous organization. It is a way of organizing a community through the use of blockchain technology to make consensual

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Fed Chairman Jerome Powell Met With Leaders of Coinbase, Digital Dollar Project

July 4, 2021

Coinbase executives continue to move among the big names in the financial landscape. This month, it was the turn of none other than U.S. Federal Reserve Chairman Jerome Powell.
According to Powell’s working schedule for May, the head of the Fed had a face-to-face meeting with the head of the cryptocurrency exchange Coinbase Global Inc. on May 11.
Paul Ryan, a former Speaker of the U.S. House of Representatives, was also invited to the event.
The meeting lasted half an hour, and no further details about what topics were discussed, nor who led the discussion, are being disclosed. Bloomberg attempted to contact the Fed and Coinbase, but neither party would comment.
Coinbase and the American Crypto Scene
Coinbase has been playing in the political big leagues for some time. In

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Is Crypto Winter Here? Experts Share Their Points of View

June 27, 2021

If Bitcoin’s fall from $62,000 to the perilous $30,000 mark seems scary, then buckle up: Some analysts believe it could get even worse… And if conditions remain the same, that is very likely to be the case.
The sharp drop from $60,000, the arrival of the infamous death cross, the bad news coming out of China, and the lack of institutional appetite seem to be acting together to maintain a bearish mood in the markets and laying the groundwork for a brutal, cold crypto winter.
Brace yourselves: Is Crypto Winter Coming?
In a statement compiled by The Wall Street Journal, DailyFX analyst Peter Hanks said that it is easier to see red candles than green on price charts for the foreseeable future.
“I think bitcoin is certainly headed for more losses here … If it breaks [below

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UK Bank Bans Crypto Purchases From Binance and Kraken, Reports

June 20, 2021

British banks are making it increasingly difficult for their customers to get involved with crypto, citing particular concerns related to security and exposure to fraud.
According to a report by the British newspaper The Times, TSB bank is reportedly about to ban its customers from buying crypto with funds managed by the bank. TSB is reportedly concerned about an “excessively high” fraud rate related to crypto exchanges operating in the country.
TSB Could Be Cutting Ties With Crypto Exchanges For Safety Reasons
The Times claims to have reliable information that TSB is going to ban the purchase of crypto with cash via Binance and Kraken. Apparently, the low security standards of these platforms facilitate the works of scammers, in particular the setup of e-wallets.

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29% of Crypto Investors in the UK Check Their Balance Every day, Study Finds

June 19, 2021

People in the UK are more interested in Bitcoin and crypto today than in any other year, including 2017, when the digital asset boom was at its peak.
According to a UK’s Financial Conduct Authority survey, about 78% of adults have now heard of cryptocurrencies, and more than 2.3 million people in the UK hold or have owned cryptocurrencies at some point.
Crypto is a Serious Investment
The way British people think about crypto has changed dramatically. The FCA mentions that investors no longer see cryptocurrencies as a gamble but rather a serious investment or alternative to traditional investments. The gambling option dropped 9% to 38% in popularity.
Also, people are more aware of fluctuations. The number of investors who check their balances daily increased to 29% – more

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Taproot is Here: Miners Lock In Bitcoin’s Biggest Upgrade in Years

June 13, 2021

Bitcoin is finally one step closer to make history with Taproot, a major event perhaps as important as SegWit or the last halving.
Taproot, the most ambitious Bitcoin update since 2017, has been finally approved by miners and was locked in for implementation in November this year.
Taproot is (Or Will Be) Finally Here!
Because of its decentralized nature, the deployment of a Bitcoin update must go through an approval process and cannot simply be released to the world at the will of the Core developers.
In the case of Taproot, miners had to reach a consensus and send a signal that they were ready to support it. 90% of the blocks mined during a difficulty period needed to have a signal, and today the milestone was achieved.

A difficulty period is the amount of time that

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Reddit Cofounder Alexis Ohanian Says He Has ‘A Lot’ Of Ethereum

June 11, 2021

Alexis Ohanian is a versatile man: billionaire, philanthropist, founder of Reddit, Initialized Capital, and husband of the famous tennis player Serena Williams.
Recently, Seven Seven Six, his new venture firm, closed a funding round after raising 150 million dollars, a feat that brought him to the media’s spotlight, eager to know his vision about the business world… and the future of cryptocurrencies.
How Much ETH Does Ohanian Owns?
In an interview for CNBC, Ohanian devoted a portion of the discussion to praising Ethereum. Beyond the fine words, he also said that Ethereum comprised a significant part of his funds invested in cryptocurrencies.
When asked about the most promising cryptocurrencies in the ecosystem, Ohanian assured that Dogecoin was off his radar and proceeded

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El Salvador Will Use Its Volcanoes To Power Bitcoin Mining Facilities

June 10, 2021

When it comes to Bitcoin, the president of El Salvador does not know what it means to go slow. Over the weekend, he announced that he was working on a proposal to accept Bitcoin as legal tender. 3 days later, he introduced the bill to the Assembly, and hours later that same day, the bill was passed and became law.
Well, now, just hours after this historic event, the president of El Salvador announced a new move to promote Bitcoin mining —100% clean, so Elon Musk can calm down.
El Salvador: How To Turn Full Time Bitcoiner Faster Than The Speed of Light
It is difficult to say for sure if the president of El Salvador was considering mining Bitcoin prior to to the annoucement. However, during a Twitter Conference that took place while the Congress was discussing the Bitcoin

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Toxic Bitcoin Maximalism is Bullshit, Erik Voorhees Says

June 6, 2021

ShapeShift CEO Erik Voorhees is no shy when it comes to expressing his opinion about politics, finance or Bitcoin maximalism —no matter popular or unpopular they might be.
During an intervention at the Bitcoin 2021 conference in Miami, Voorhees criticized an earlier panelist’s comment praising toxic Bitcoin maximalism, saying that such thinking was, erm, wrong – to put it in more civilized terms.
Bitcoin Maximalism: A Bug or a Feature?
Just minutes before Erik Voorhees took the stage to moderate a panel on the evolution of cryptocurrency exchanges, a debate entitled: Toxic Maximalism: A Feature not a Bug took place.
In this debate, Dr Bitcoin MD, Nico ZM, Aleksandar Svetski, BTC Lerk and Nik Hoffman argued that extreme views in Bitcoin were important to keep the philosophy

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One of Belgium’s Largest Banks Could be Considering Launching a Token, Reports

May 30, 2021

KBC, one of the largest insurance and banking companies in Belgium, announced its plans to launch its own cryptocurrency, slightly changing its approach to digital assets.
KBC Coin, the bank’s native cryptocurrency, would be a kind of reward token that would allow the bank to develop interaction strategies with its customers, promote its platform, and compel users to adopt its services.
KBC Coin Is Almost Ready
The bank shared the announcement during the presentation of the first months of ‘Kate,’ the virtual assistant included in the banking app.
At the moment, KBC Coin is not available to the public, but it is already in the testing phase via a private environment. The bank has not disclosed further details regarding the project’s roadmap.
In addition to the regulatory

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Goldman Sachs Explores Crypto as an Asset Class, Reconsidering Old Stances

May 23, 2021

Goldman Sachs, one of the most important banks in the United States -and the whole world- released a report on cryptocurrencies, and its content is quite promising for the ecosystem.
The report “Crypto, a new asset class” is not yet available to the general public. Still, it has already been shared on social networks by investors with early access to these investigations.
Alex Krüger, founder of asset management firm Aike Capital and active Crypto Twitter commentator, shared part of the report, saying it should be available in full “whithin a few days.”

Crypto, a new asset class – quite a comprehensive report by Goldman.
— Alex Krüger (@krugermacro) May 21, 2021
Experts Tell Goldman Sachs Why Cryptocurrencies Are Proving Their Value
The report

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