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Articles by Mandy Williams

HODLers: Most Crypto Investors Hold Majority In Bitcoin Over Altcoins, Survey Finds

1 day ago

As Bitcoin price recorded a new yearly high, most of the participants in a recent survey shared that they hold the majority of their holdings in Bitcoin rather than altcoins.
Bitcoin traders are basking in profit as October turns out to be a good month for BTC.
46% Of People Allocate More Than 50% To BTC
Crypto commentator and analyst Josh Rager took to Twitter to ask crypto users how much of their portfolio is allocated to Bitcoin. Voters had to choose from one of four options that best describe their portfolio.
The result of the poll was quite interesting. As much as 35% of traders revealed they dedicated less than 10% of their portfolio to the most valuable cryptocurrency. This category is bullish on altcoins and had the highest number of votes in the poll.
A total of

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Bitcoin Dominance at 2-Month High: Disaster for Altcoins

3 days ago

August was a bullish month for altcoin traders as they ranked in profits, forcing Bitcoin dominance to drop below 60% for the first time since the start of the year. However, the altcoin euphoria was shortlived as September brought along the bears.
The end of Q3 wasn’t great for Bitcoin traders, but that was expected as September is usually not a profitable month for Bitcoin. In fact, data shows that Bitcoin has lost more in September than in any other month.
As expected, the Bitcoin effect was seen across boards in the market. Altcoins suffered the most, shredding almost all of the profits accumulated in the previous month.
Bitcoin Eyes $12K
Bitcoin is pushing hard towards the $12k mark. It traded as high as $11,942 for the first time since mid-August.
Analysts believe

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Twitter’s Jack Dorsey Calls for Bitcoin Donations in Nigeria’s EndSars Protest Against Police Brutality

8 days ago

Twitter chief Jack Dorsey has urged his followers to donate Bitcoin to support the protest over police brutality in Nigeria.
Earlier today, Jack Dorsey, CEO of Twitter and Square, showed his support for the ongoing #EndSars protest over police brutality in Nigeria.
Dorsey, a Bitcoin proponent, encouraged Bitcoiners to make BTC donations towards the fight against the Special Anti-Robbery Squad (SARS) in the largest black nation.
#EndSars: The Genesis
SARS is a unit of the Nigerian Police Force established in 1992 to protect citizens and curtail the increasingly violent crimes perpetrated by armed robbers.
However, the unit has since derailed from its core objectives. Members of the SARS have become the very thing they were trained to fight.

Both stories from victims and

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Central Banks Want Digital Currencies Because they Fear Bitcoin

13 days ago

The concept of central bank digital currency (CBDC) has progressed quite well and is becoming inevitable. It is a new form of fiat currencies issued by central banks in digital form using centralized or permissioned distributed ledgers.Many countries are researching or are already closer to launching a national digital currency. But a joint paper coordinated and published by the Bank for International Settlements (BIS) on Friday revealed that central banks are getting involved in the CBDC game because they are cryptophobic.As an international organization, the BIS provides support to national central banks. Participating banks in the report are the Federal Reserve, the European Central Bank, the Bank of Canada, the Bank of Japan, the Bank of England, the Swiss National Bank, and Sweden’s

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KuCoin CEO: We Have Found Suspects Of The Hack With Substantial Proof

20 days ago

After losing more than $250 million worth of cryptocurrencies in a security incident on September 26, KuCoin may have found new evidence to identify those responsible for the hack.It’s been exactly one week since Singapore-based cryptocurrency exchange KuCoin suffered what would be the third-largest hack in the history of crypto.And now, the exchange claims that after a thorough investigation, it has found the suspects of the siphoned $280 million with “substantial proof at hand.”KuCoin CEO Johnny Lyu revealed this in an update today on Twitter, noting that the police and other law enforcement agents are officially involved and ready to take action with the new evidence.A quick update since my last livestream on Sep 30.After a thorough investigation, we have found the suspects of the 9.26

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Nigeria SEC Says It’s Well Equipped To Regulate Cryptocurrencies

September 21, 2020

According to new reports today, the Commission has further explained that the move was part of its effort to protect investors, and it is well equipped to provide the required regulations.Last week, the Securities and Exchange Commission, Nigeria (SEC Nigeria), published a proposed set of regulations for the cryptocurrency and blockchain space, given the increasing importance of regulation.Making The Crypto Space ComfortableCommenting on the development, Emomotimi Agama, Head, Registration, Exchanges, Market Infrastructure, and Innovation at SEC Nigeria explained that the regulator is determined to provide a safe investment environment comfortable for all market participants in the sector.In September 2019, the Commission called for a regulatory framework for the blockchain and virtual

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Report: After Buying Bitcoin’s Bottom In March, Whales Continue Accumulating

September 14, 2020

Analyzing Bitcoin on-chain data and market behaviors, a collaborative report published by OKEx insight – the research division of OKEx crypto exchange – and blockchain data firm Catallact reveals that smart money investors and institutional players may have been buying BTC since the COVID-19 outbreak.On the Bitcoin blockchain, as the amount of BTC being transacted increases, the number of transactions decreases. In other words, “the larger the movement of coins on the Bitcoin blockchain, the less common it is.” Small Transfer Moving With Bitcoin PriceBut for one thing, smaller transfers between 0 and 1 BTC are more dominant on the Bitcoin network. Retail investors and average individuals mostly make transactions of this size. And the number of daily transactions within this range closely

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Real Or Ruse? This Bitcoiner Lost 1400 BTC ($16M) After Installing An Old Electrum Wallet

August 31, 2020

An anonymous Bitcoin investor by the name “1400BitcoinStolen” claimed on Sunday that he lost 1400 BTC after “foolishly” installing an old version of the popular Electrum wallet, but turned out to be a phishing scam.A TrapExplaining the unfortunate incident, the victim said he had not been able to access the funds since 2017. After setting up the wallet and attempted to transfer 1 BTC, he received a pop-up message asking him to update his security before he can hat transfer the fund.But unknown to him, it was a trap – a phishing attempt. The victim said he installed the update, and all his funds were automatically transferred to the hackers’ wallet address, making the scammers $16 million richer.Can The Funds Be Recovered?For one thing, Bitcoin transactions are irreversible: the receiving

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Over $12M Gas Fee Spent on Uniswap in August With Most Coming From USDT Transfers

August 28, 2020

The leading decentralized exchange has recorded more volumes in August than it did in July.Uniswap saw more than $300 million in trading volume over the past 24 hours and $2.5 billion in the last seven days, according to data on Dune Analytics.Uniswap Spends The Most Gas FeeUniswap’s impressive volume is also putting smiles on Ethereum miners’ faces as they cash out more gas fees to process and verify transactions on the network.According to data on EthGasStation, transactions on Uniswap spent more than 31,700 ETH, amounting to $12.7 million on gas fees over the last 30 days with an average of 118 GWEI.Interestingly, a bulk of the gas fee related to Uniswap transactions comes from Tether USDT, considering the stablecoin is one of the primary tokens on the DEX. Tether also holds more than

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Robert Kiyosaki Advises to Buy Bitcoin Before Major Banking Crisis

August 21, 2020

Rich Dad, Poor Dad Author, Robert Kiyosaki, has advised investing in precious metals like gold and digital assets like Bitcoin as crisis looms in the banking sector.Earlier this week, headlines on mainstream media revealed that American billionaire investor Warren Buffett dumped US bank stocks to purchase gold mining stocks.Buffett Dumps Bank To Invest In GoldPer the reports, the business tycoon slashed a bulk of Berkshire Hathaway’s holdings in some major Wall Street banks, including JP Morgan Chase, Wells Fargo, and PNC.But that’s not the first time. In May, the conglomerate also said it reduced a large portion of its stake in Goldman Sachs Group Inc., despite being a major shareholder in the bank at one time.Following the sales of the shares, which could amount to billions of dollars,

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The New Bitcoin: yEarn.Finance (YFI) Is Trading Above 1 BTC Ahead of The Split

August 20, 2020

As the DeFi and yield farming craze continues to entertain the cryptocurrency industry, the price of yEarn. Finance’s native token YFI has gone parabolic, surpassing Bitcoin’s by almost $1,000. This makes YFI the most expensive crypto asset in the market.1 YFI = 1.15 BTCAccording to data on Binance, the DeFi token is trading at $12,770 at the time of writing, while Bitcoin’s dollar value is currently around $11,790. Earlier today, YFI traded at an All-Time High (ATH) of $13,444 before retracing to its current price.In the BTC pair, yEarn traded against the king coin as high as 1.1518 BTC per token in the last 24 hours before dropping to 1.08 BTC per YFI. This makes it the second cryptocurrency to trade above 1 BTC after Zcash in 2016.What is YFI?Andre Cronje released yEarn.Finance on July

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Pantera Confirms Raising $165 Million in Its Cryptocurrency Fund

August 17, 2020

San Francisco-based crypto and blockchain investment company Pantera Capital confirmed in a recent filing with the United States Securities and Exchange Commission (SEC) that it has raised almost $165 million in its cryptocurrency hedge fund.Venture Fund III Raises $165M In Two YearThe crypto Fund dubbed Venture Fund III was launched on July 31, 2018, and reports suggested that Pantera was targeting to raise a total of $175 million. By mid-August that same year, the company raised $71 million from investors, according to the Form D filing with the SEC.The next filing with the US regulator was in August 2019, confirming that the firm raised nearly $96 million, about a 35% increase in one year.This month’s Form D reveals that the fund’s revenue grew by over 130%, reaching a total of $164.7

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US Federal Reserve Is Experimenting With A Digital Currency

August 14, 2020

The United States has finally joined the bandwagon of countries testing a central bank digital currency (CBDC), Thursday reports revealed.Governor Lael Brainard said during a virtual technology event yesterday that the US Federal Reserve, in collaboration with research teams from Boston Fed and Massachusetts Institute of Technology (MIT), is conducting experiments with a hypothetical digital currency.According to Brainard, both institutions have been researching blockchain technology for several years to see how the central bank can utilize it for a digital dollar alongside the effect it might have on the existing financial system.“We are taking the time and effort to understand the significant implications of digital currencies and central-bank-digital-currencies around the globe,” she

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Busted: Core Team Behind $5.8 Billion PlusToken Scam Finally Arrested

July 30, 2020

After perpetuating one of the largest fraudulent projects in the crypto industry, the core team behind the popular PlusToken crypto scam has finally been arrested by the Chinese police, a Thursday report revealed.27 PlusToken Key Members ArrestedAlthough earlier reports suggest that some of the PlusToken officials were caught months ago, today’s report notes that the 27 individuals arrested were the core members of the fraudulent scheme, bringing the saga to an end.Chinese law enforcement has been investigating the project since it shut down last year. The search for the fraudsters lasted for 12 months because the key members of the scheme were located in different parts of the world.Per the report, the special task force that conducted the operation visited countries including Cambodia,

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Cryptocurrency Wallet Ledger Reports Data Breach Of 1 Million Emails

July 29, 2020

Leading cryptocurrency hardware wallet provider, Ledger, announced Wednesday that it suffered a data breach, which affected the personal information of thousands of users in late June.According to a detailed report published by Ledger today, the breach occurred on June 25. The attacker accessed a part of the company’s e-commerce and marketing database, containing mostly email addresses used for sending order confirmation and promotional emails.9,500 Users ExposedLedger further noted that the database also included a subset of contact and order information like users “first and last name, postal address, email address, and phone number.”Although the database holds approximately 1 million email addresses, Ledger said further investigation revealed that only a subset of 9,532 customers had

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Report: Current ETH Network Activity Resembles That of 2017 Bull Run

July 27, 2020

It’s been quite a year for Ethereum as on-chain activity on the network continues to spike, comparable to what it was during the bull run of 2017.
Tx Fee Surged 688%
According to new research on Decentralized Finance (DeFi) by Xangle, a global crypto-asset disclosure platform, the transaction volume and fees on the Ethereum network recorded tremendous growth in the second quarter of 2020.
Daily ETH transfer volume surged 61.7% as transactions surpassed 1,000,000, reaching 52 weeks high on June 23. This figure is a few thousand less than the ATH of 1,349,890. The transfer fee, on the other hand, skyrocketed 687.9%. Xangle said the movements “partially resembles” spike recorded during the bull run of late 2017 and early 2018.
On-Chain Transaction Count & TX Fees.A DeFi Boom
DeFi has been

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Post Twitter Hack: The Advice of McAfee To Jack Dorsey

July 17, 2020

Wednesday, July 15th, 2020, will forever be remembered as the day Twiter became a puppet in the hands of a mischievous hacker.Twitter was hacked. And the accounts of some of the most prominent people in crypto and the world were compromised and used to steal Bitcoin in giveaway scams.Experts Share Their OpinionsAlthough the micro-blogging platform has regained control and is currently investigating the matter, industry experts are still sharing their thoughts and opinions about the unceremonious, yet chaotic incident.One of those experts is the American computer programmer and crypto proponent, John McAfee. For McAfee, security is his expertise, and he is known as the founder of one of the world’s largest computer security firms.McAfee Advises Twitter CEOHe took it to Twitter to share what

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Europeans Can Apply for Binance’s Crypto Debit Card in August

July 14, 2020

After revealing its plans to enter the cryptocurrency debit card segment last week, Binance has officially debuted its Binance Card for users based in the United Kingdom and European countries, the blockchain behemoth told CryptoPotato on Tuesday.According to the release, the debit card allows holders to make crypto payments at more than 60 million merchants across 200 regions globally. Users will also be able to convert their crypto assets to fiat with ease.At launch, the Binance card will support four cryptocurrencies, including Bitcoin (BTC), Binance’s native token BNB, Swipe (SXP), and Binance USD-pegged stablecoin BUSD. Holders of the card will be able to fund their card wallet directly from their Binance spot wallet.Application Starts AugustInterested users within the European

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How BZRX Uniswap Listing Made One Trader $550K In 30 Mins

July 14, 2020

Following the announcement that BZRX token, the native cryptocurrency of DeFi project bZx, will be listed for trading on UniSwap decentralized exchange, reports suggest that a trader made more than half a million dollar within 30 minutes of trading the token.How It HappenedOn Monday evening, Security engineer Roman Storm took it to Twitter to explain how he spotted someone who made $1 million in a half-hour by trading the BZRX during an Initial DEX Offering (IDO) on UniSwap.An IDO is the latest concept for fundraising in the cryptocurrency industry. However, unlike ICOs, IEOs, and STOs, Initial DEX Offerings have no accountability to a central party since they are conducted on decentralized exchanges.According to Storm, who is also a crypto trader, the person waited for the BZRX

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65% Are HODLing BTC While Only 3.9% Are Selling, Survey Says

July 11, 2020

A recent poll revealed that the majority of people are currently HODLing, buying, or selling Bitcoin while only a small 12% of participants say they do not have a BTC position at this time.Interesting Poll ResultsFamous analyst and creator of the Bitcoin SF2 price model, PlanB, conducted a poll on Twitter to find out what crypto enthusiasts are currently doing with Bitcoin. He asked, “you are currently,” while providing four options for participants to choose from.The poll lasted for 24 hours and had 13,813 votes in total. As many as 65.6% of the voters (or 9,061 people) say they are currently HODLing Bitcoin.Interestingly, the poll further revealed there are more Bitcoin buyers than sellers. 18.3% (2,527) of the participants say they are buying the cryptocurrency, but only a small 3.9%

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These Are The 4 Reasons Bitcoin’s S2F Model Creator Bought BTC In 2015-2016

July 8, 2020

If you bought Bitcoin in 2015 or 2016 when BTC was trading for less than $500 and HODL till today, the value of the assets would be around 1,750% higher. However, not many investors were lucky to purchase the cryptocurrency five years ago, partly because of the skepticism of its potential at that time.Today, Bitcoin is trading slightly above $9,200, after being dubbed the best performing assets of the last decade. More people, both retail and institutional investors, are buying the digital asset for many reasons.PlanB’s Reasons For Buying BitcoinOne of those who bought BTC when the price was just several hundred dollars is PlanB, an analyst famed for creating Bitcoin’s Stock-to-Flow (S2F) price model.Reminiscing his early days with Bitcoin, PlanB (@100trillionUSD) shared on Twitter four

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CFTC Files For Default Judgment Against Director of $147 Million Bitcoin Scam

July 7, 2020

The Commodity Futures Trading Commission (CFTC) has submitted a document to the New York Southern District Court to secure a default judgment against Benjamin Reynolds, the director of alleged fraudulent cryptocurrency scheme Control-Finance.According to reports from Finance Feeds, Reynolds failed to plead or defend the CFTC’s action, thus forcing the regulator to obtain a Certificate of Default against the defendant.The commission initially filed a lawsuit against Control-Finance and its director in June 2019 for illegally obtaining and mismanaging investors’ cryptocurrencies worth millions of dollars.$147 Million Worth Of Bitcoin LostControl-Finance was a Bitcoin investment scheme based in the United Kingdom. The company promised investors high returns on crypto trading of up to 1.5%

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Cosmos, Polkadot and Terra Announce a Joint DeFi Protocol with High-Interest Yield

July 6, 2020

Three blockchain projects have teamed up to develop a Decentralized Finance (DeFi) savings project that allows investors to earn high-interest yields on stablecoin deposits, according to a Monday release.Anchor Savings ProtocolDubbed Anchor, the savings protocol is a joint venture between interoperable, scalable blockchain network Cosmos, decentralized web 3.0 blockchain interoperability network Polkadot, and decentralized stablecoin Terra.Per the announcement, the partners claim Anchor’s “high” interest rates are sustained by staking rewards generated from multiple Proof-of-Stake (PoS) blockchains in the industry.Staking InvestmentsOnce investors make stablecoin deposits on the platform, Anchor’s protocol uses part of the deposits to acquire staking positions across many PoS networks. The

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$4 Billion OneCoin Crypto Ponzi Scheme Promoter in Singapore To Pay $72,000 Fine

July 3, 2020

A 52-year-old Singaporean man has been found guilty of promoting the infamous OneCoin cryptocurrency Ponzi scheme more than three years ago.Man to Pay $72,000 As FineAccording to reports by local media The Straits Times, Fok Fook Seng, a middle-age Singaporean citizen, was convicted for engaging in marketing activities that link to OneCoin between January 2016 and June 2017.Fook Seng was charged in April 2019 for breaching the Multi-Level Marketing and Pyramid Selling (Prohibition) Act. According to the Singapore police, the crime was first of its kind, and the man will pay the sum of S$100,000 (appr $72,000) as fine for his offense.The 52-year-old used large scale events, social media platforms, and locally registered companies, including wholesale trading firm “A Roboclean (S),” to

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Fundamentally Strong: Bitcoin Hit These Highs Today Despite Stagnant Price Action

July 2, 2020

The last few weeks were quite stagnant for Bitcoin in terms of price movement, considering the cryptocurrency is famed for its price action. However, while BTC price is looking pretty unexciting in recent times, Bitcoin is fundamentally strong as the network activities continue to record new highs.Positive On-Chain Market ActivitiesAccording to insight first shared by Glassnode CTO Rafael Schultze-Kraft, on-chain market metrics including transaction counts, new addresses, active addresses, and spent outputs had positive performances yesterday.The number of daily new addresses reached a 2-year high of 560k. The last time a similar figure was recorded was during the bull run in late 2017 and early 2018. During that period, the number of new addresses created daily was between 800k and 600k.

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BitMEX Operator Appoints Financial Expert Dr. David Wong As Non-Executive Chairman

June 30, 2020

HDR Global Trading Limited (HDR), the operator of the cryptocurrency derivatives trading platform BitMEX, announced today that financial expert Dr. David Wong has joined the company as a non-executive chairman.Joining HDR will see Dr. Wong working alongside three other board members, including co-founder and CEO Arthur Hayes, co-founder Ben Delo, and co-founder and CTO Samuel Reed.30 Years Of Financial ExperiencePer the release shared with CryptoPotato, Wong is a recognized industry leader with over 30 years of experience in the international financial sector. His expertise cuts across the global markets, investment banking, asset management, insurance, and capital market-related businesses.Dr. Wong has held numerous executive roles in some world-class institutions. He once worked as the

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Rising DeFi Protocol Balancer Loses $500,000 To Hacker In Pool Exploit (Updated)

June 29, 2020

The Decentralized Finance (DeFi) ecosystem has once again come under attack as a decentralized automated market maker exchange suffered losses close to half a million dollars yesterday.Balancer Lost $500k In Pool VulnerabilityDeFi project Balancer has lost about $500,000 worth of multiple tokens to a hacker due to a vulnerability in two of Balancer’s pools. News about the hack emerged on social media on Sunday evening, but Balancer did not issue an official report until this morning.According to the report, the attacker only stole funds from two pools containing STA and STONK, known as “deflationary tokens” or “transfer fees.” Balancer claims the vulnerability only affects pools “where a token has these transfer fees.”A Similar PatternThe perpetrator adopted a similar exploitation method

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Binance Rolls Out 50x Leverage For Compound (COMP) While OKEx Adds Support For Spot Trading

June 29, 2020

Binance, the world’s largest cryptocurrency exchange, has announced its plans to roll out a COMP/USDT Perpetual Contract. This is coming barely two weeks after the COMP governance token was launched by DeFi largest protocol, Compound Finance.Trading COMP With 50x LeverageStarting tomorrow, Tuesday, June 30 at 09:00 AM (UTC), Binance Futures traders will be able to both long and short COMP on perpetual contracts, using leverage between 1x and 50x.Unlike traditional futures contracts, a perpetual contract does not have predetermined expiration dates, meaning it can open and close at any time necessary.Binance perpetual contracts are settled in USDT. According to the COMP/USDT contract specification, the minimum contract quantity for COMP/USDT is 0.001, while the maximum is 10,000. The base

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Beam’s Hard Fork Plans to Increase DeFi Privacy

June 28, 2020

The cryptocurrency industry may soon welcome a new category of Decentralized Finance (DeFi) applications as privacy-focus coin Beam (BEAM) plans to execute its second hard fork, which would give DeFi apps a privacy layer.According to a press release shared with CryptoPotato, the system-wide upgrade dubbed Beam Eager Electron 5.0 is expected to occur today, at exactly block 777,777.Beam Settles With BeamHash IIIThe hard fork of the Mimblewimble-based privacy coin will be the last “planned consensus change” and will roll out exciting features, including shifting the network’s PoW algorithm from BeamHash II to BeamHash III.BeamHash III is a bandwidth and memory PoW algorithm designed to support the network’s GPU architectures while enhancing the network’s security and longevity.In

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On a Buying Spree? Number of Chainlink (LINK) HODLers Doubles to 160,000 in 6 Months

June 26, 2020

It’s been a fruitful year for ChainLink (LINK) and its investors despite the pandemic-induced market downturn in mid-March. The project has not only recorded significant partnerships and developments since the start of 2020 but has also seen a massive boost in the number of crypto traders and investors holding the LINK token.LINK Holders Surpass 160k In 6 MonthsAs of January 1st, 2020, the total number of addresses holding ChainLink’s native cryptocurrency was around the 80,000 level. However, barely six months later, the number of addresses with non-zero balance has more than doubled reaching above 160,000, according to data from the blockchain analysis platform Glassnode.LINK addresses with a non-zero balance. Source: GlassnodeInterestingly, information from the crypto monitoring company

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