Tracking Down the [First] Bancor Hack: Huobi Has Explaining to Do

The first address that we’re going to look at (via Etherscan), can be found here: https://etherscan.io/address/0xbceaa0040764009fdcff407e82ad1f06465fd2c4

A screenshot of the address is provided below:

 

The wallet in the picture above can be seen receiving 25.5k Ethereum on August 11th,

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How Litecoin is Maintaining Relevance vs. Bitcoin

It is no secret that Litecoin has been gaining significant attention in the crypto space as of late. With all of the attention that’s been thrust upon Litecoin, as of late, it is worth evaluating what aspects/facets of the project

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Operation DK: Blockchain Analysis Using Crystal Blockchain

Image result for Blockchain analysis

Preface:

‘Operation DK’ name given as a pseudonymous identity of the individual that contacted me on Twitter at approximately 13:00 EST ; May 18th, 2019 requesting the tracking of allegedly stolen/hacked funds.

Transactions in Question:

  1. https://www.blockchain.com/btc/tx/c858f268d7e6a78e4884a7bb719307767a82f9560c0c6e8f7b49e4bb2b1c5780
  2. https://www.blockchain.com/btc/tx/279c41ebbc52423f5534122978126bfe44ab82f2f01aee7fbc02213c50464240

Reviewing

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Dissecting HTLC Use for Lightning Network and its Limitations

Major Characteristic #1

The Lightning Network utilizes HTLCs (hash time locked contracts), which prevent users from being able to obtain their funds at their sole discretion (outside of the parameters and restrictions of the HTLC).

 

In the passage cited

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User Question #1 – Blockchain Building

 

Question:

“No problem… So the idea i have is pretty basic and goes directly with the nature of blockchain. Its timestamping and putting documents on blockchain. So pdf’s, docs, pitcures, diplomas, contracts…Anything that two or more parties are signing.

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Revised (Improved) NVT Ratio Calculation for Bitcoin

 

‘NVT’ is an acronym that stands for ‘Network Value to Transactions’ and it is a financial metric for Bitcoin that has created substantial discussion in the cryptocurrency community as of late — with many debating the usefulness (or lack

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Exposing Flaws in Messari’s Report on Ripple’s Circulating Supply

In recent weeks, Ryan Selkis (head of Messari, a blockchain research firm) has made arguments about why Ripple’s circulating supply should be adjusted.

Toward the end of January 2019, Messari posted up this article:

🔎 [Messari Research] Ripple’s market cap

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How Does the Lightning Network Work

 

If you’re looking for a literal definition of what the Lightning Network is, then the following should suffice: 

The Lightning Network is just a protocol that enables the passage of bitcoins “off-chain” via the execution of smart contracts in

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QuadrigaCX Ethereum Storage Found

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Introduction

This report was curated by the CEO and editor of the Zerononcense publication with corroborating information from Jesse Powell, CEO of Kraken Exchange and Taylor Monahan, CEO of MyCrypto.

The author of this report was able to

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Report Shows QuadrigaCX “Cold Wallets” Actively Involved in SIGNIFICANT Criminal Activity: Ties to Silk Road, Hacked Funds, Identity Theft, and Drug/Human Trafficking

 

 

Introduction

Recently, CoinDesk posted an article on their site that referenced a Reddit user’s analysis into the 103 bitcoins that QuadrigaCX (Canadian Exchange) claims that it sent to a cold wallet by accident.

Specifically, CoinDesk cites this Reddit

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Bitcoin Network Properties: ‘BIS’ Report Critique

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Introduction

Recently, the organization BIS (Bank for International Settlements) posted a critique of the Proof of Work consensus algorithm for Bitcoin. While there was significant media coverage around the critique, hardly any individuals/outlets took the time to critically

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QuadrigaCX Chain Analysis Report (Pt. 1): Bitcoin Wallets

This report provides an in-depth analysis of QuadrigaCX’s Bitcoin holdings.

The exposition of this report’s context will be added to the top of this document at a later time in the near future. For the time being, the information provided

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Bitcoin Wallets Funds are NOT at Risk: Debunking the Bryce Weiner and Andrew Desantis SegWit Theory

 

Recently, two known individuals in the crypto community, Bryce Weiner and Andrew Desantis, decided to rehash (no pun intended) a year-old supposed vulnerability involving Bitcoin’s transactions and SegWit (Segregated Witness).

According to the pair’s tweets on Twitter, Segregated Witness,

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Breaking Down the Constantinople Hard Fork

Before we can seriously dive into an Ethereum price analysis, we have to know what the heck is going on with Ethereum first.

That’s not an issue though because we are going to cover everything going on with this specific

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Crypto Hedge Funds Doing Terribly: Rarely More Profitable Than HODL

If there’s one that we can say about crypto in 2018, its that the markets have taken an absolute beating. With every single sector of the cryptocurrency sphere losing substantial amounts of money, the prevailing narrative has been, ‘Where is

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Stellar Network Guide and Review: Lightning Network Testnet

So, as of recently, the Stellar team has released the Lightning testnet (beta) for users to check out and explore.

In this article, we’re going to go ahead and check out the testnet, look at its resources, and then make Read more

Bitcoin Chain Analysis (Data Science) Pt. 1: Increasing # of Users Are Gravitating Toward ‘Actual Use’ of Bitcoin vs. Trading

 

This article is a bit different than some of the other ones that you may be used to from the brand because we’re going to do something called, ‘chain analysis’ for Bitcoin.

The purpose of this article will be

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Nakamoto Consensus: Understanding Satoshi’s Real View on Consensus Mechanisms Pt. 1

 

 

Recently , there was a tweet posted by Calvin Ayre, billionaire investor on the Bitcoin Cash protocol, about the ‘Nakamoto Consensus’.

This article will first dissect what Satoshi’s opinions on Bitcoin’s consensus algorithm were by revisiting some of

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Segregated Witness [SegWit] Explained

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Picture Cred: SegWit themselves

I figured that I would start releasing a series of articles that I expound upon blockchain technology for all my followers/readers out there that are trying to become more educated about the technical side of fundamental Read more

Historical Analysis of Bitcoin (2013–2015)

Introduction

So, the following charts are an examination of the the last major bear market (2013–2015) that people frequently mention.

That peak you see up there is from November 2013. What’s interesting is the break of that 1.5 year+ downtrend, … Read more

A Mathematical Proof for ‘Proof of Work’

Author: CryptoMedication

Providing a ‘Proof’ for Proof of Work

Source: Proof of Stake versus Proof of Work Whitepaper. (2015). Bitfury.com. Retrieved from http://bitfury.com/content/5-white-papers-research/pos-vs-pow-1.0.2.pdf

A dissection of the benefits of Proof-of-Work were laid out in full in a scholarly work by … Read more

MEW Wallet Should be Sued for Lost Funds

So, the news of the hack of the DNS servers that MEW operates on is absolutely no secret at this point in time.

There are plenty of articles out about it at this point, so I’m not going to waste … Read more

Why Decentralization is Cryptocurrency’s Biggest Downfall Pt. 1

Interested in access more free crypto analysis, resources and information like this? Check out these platforms:

Telegram — t.me/CoinEducation

Twitter — www.twitter.com/cryptomedicated

Before you click on the title and think that the author of this article is crazy, make a … Read more

Lightning Network Status Report: MAJOR Flaws and Topology Concerns

Interested in access more free crypto analysis, resources and information like this? Check out these platforms:

Telegram — t.me/CoinEducation

Twitter — www.twitter.com/cryptomedicated

I expect this article to come under a lot of fire and I welcome it all. Post your … Read more

Crypto’s Biggest Problem

Crypto’s Biggest Problem

Interested in access more free crypto analysis, resources and information like this? Check out these platforms:

Telegram — t.me/CoinEducation

Twitter — www.twitter.com/cryptomedicated

Limited Supply

From my observations as a self-proclaimed crypto-fanatic, the cryptosphere’s primary focus is setting … Read more

Background Behind Lightning Network

Photo courtesy of btcmanager

Interested in access more free crypto analysis, resources and information like this? Check out these platforms:

Telegram — t.me/CoinEducation

Twitter — www.twitter.com/cryptomedicated

To understand the Lightning Network, it’s important to get an overview of what precipitated … Read more

Potential Risks of Hard Forks

Interested in access more free crypto analysis, resources and information like this? Check out these platforms:

Telegram — t.me/CoinEducation

Twitter — www.twitter.com/cryptomedicated

As discussed in the genesis article, there are a number of risks that are inherent when dealing with … Read more