In a matter of 18 minutes, a hacker drained nearly $200 million worth of crypto in the largest heist of the year. Just three weeks later, he reversed the transactions to return everything he stole.
In a Coinage exclusive, the hacker explains himself.
The Blockchain Association of Kenya (@BlockchainKenya) has published its industry-anticipated Virtual Assets Service Provider (VASP) Bill that could determine crypto's future in the East African country.
https://t.co/S8UTiaN5m9
A new ocean is forming in Africa along a 35-mile crack that opened up in Ethiopia in 2005. The crack, which has been expanding ever since, is a result of three tectonic plates pulling away from each other.
It’s thought that Africa’s new ocean will take at least 5 million to 10 million years to form, but the Afar region’s fortuitous location at the boundaries of the Nubian, Somali and Arabian plates makes it a unique laboratory to study elaborate tectonic processes.
There are still some big unknowns, including what is causing the continent to rift apart. Some think that a massive plume of superheated rocks rising from the mantle beneath East Africa could be driving the region’s continental rift.
Each plate boundary in the Afar region is spreading at different speeds, but the combined forces of these separating plates is creating what’s known as a mid-ocean ridge system, where eventually a new ocean will form.
The three plates are separating at different speeds. The Arabian plate is moving away from Africa at a rate of about 1 inch per year, while the two African plates are separating even slower, between half an inch to 0.2 inches per year.
[📷 Anthony Philpotts]
The U.K. government wants crypto users to voluntarily disclose unpaid income and capital gains tax from exchange tokens, NFTs and utility tokens or face penalties.
https://t.co/TAvfqOHoil
Today, the Dubai Financial Services Authority (DFSA) approved XRP under its virtual assets regime – allowing licensed firms in the Dubai International Financial Centre (@DIFC) to incorporate XRP into their virtual asset services.
Learn more: https://t.co/JNcd4ROhoI
FinCEN published a new proposed rulemaking today, which would expand reporting obligations of covered financial institutions to include crypto "mixer" transactions.
While still digesting, a few thoughts 🧵👇
https://t.co/fOFn9zhKsQ
BREAKING: 🇺🇸 Long-awaited #Bitcoin and crypto accounting reform has been passed in a unanimous vote by FASB, allowing companies to use fair value measurement on their books - Bloomberg
This is HUGE!
‼️ Previously companies could only value their bitcoin at the lowest price since they bought it, which meant they would have to record losses, but not the gains when the price recovered.
Bitcoin keeps notching up the wins.
🚨BREAKING: The Federal Reserve has publicly stated that $XRP Likely to be used to facilitate the Blockchain Aspect of their FedNow Payment System After Various Rumors of Meetings that took place with #RIPPLE.
🚨BREAKING: A DC Court of Appeals has GRANTED Grayscale’s petition for review to convert its GBTC Trust into a Bitcoin Spot ETF and has ordered the @SECGov’s order be vacated. Documents and detail to come.
“This is Jesse, he is a drifter who lives near the bridge in my area. He owns nothing but a bike, a bird and a bag of about 10 items!
Yesterday, while I was riding my bike down around the beach – which is about 3 miles from my house – I got a flat tire. I had no choice but to turn around and wheel my bike the long walk home.
A few people rode past and didn’t really pay me any attention and I didn’t expect them too, but as I started walking, headphones in my ears, I noticed the homeless guy from under the bridge saying something to me.
At first I thought he was going to ask me for something so I popped my headphones out and asked him what he wanted? He then replied “I don’t want anything- but I’ve got a new tube in my bag and you can have it if ya want!”
Shocked at first I said no thanks but he insisted. So I walked over to his little clearing where he had his things and his pet bird sat in a busted cage.
He opened up his empty bag and gave me the tube (which was one of the very few things he had) helped me change the tire, even pumped it up! I asked him how I could pay him back and he said to me “don’t worry about it, this is what it’s all about!”
The enormity of his situation and the fact that he went out of his way to help me was so humbling, I mean this guy was willing to give me his stuff and didn’t want anything in return. To you and I, a bike tube would probably not mean much but to a guy with so little this item must hold enormous value!
I could go on and on about how selfless this guy was to give me, a total stranger, clearly in a much better position than him some of his possessions, while people like us are so selfishly attached to all our useless crap.
Anyway I just wanted to show you a pic of Jesse with his new Versace lenses, some fresh Sneakers, a full belly and a cold beer… Felt good to do something for him. I also went up to our local fast food chain and got him a couple weeks worth of food and some seed for his bird…
Man he was ecstatic even had tears in his eyes and couldn’t thank me enough, but amidst me sitting there proud of my good deed, and him singing me praises, I suddenly felt pretty bad because the truth is if he didn’t go out of his way to help me, I wouldn’t of done anything for him.
I ride past this guy all the time and never even think twice!
Really knocked me off my high horse!
Even tho we sit around with all our materialistic needs and pass judgment, this dude has something that none of us can buy!
I guess what I’m trying to say is thanks for the lesson in humanity champ!”
Credit: Tony Biggs
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