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Tesla Stock Jumps after S#Trong Earnings Report while Elon Musk Gains $2.3B in 60 Minutes (Coinspeaker) Coinspeaker Tesla Stock Jumps after S#Trong Earnings Report while Elon Musk Gains $2.3B in 60 Minutes Tesla Inc. released better than... https://cryptonews.watch/tesla-stock-elon-musk-gains-2-billion/

Hello. As we all know, Corona Virus have almost taken over the world and we all saw the negative effect of this disease on the Crypto market and the prices of Crypto currencies. One of its impacts on the Crypto world is that the upcoming TEAMZ BLOCKCHAIN SUMMIT and Tokyo Blockchain Week have been rescheduled to a later date due to this virus. Source

Russia’s crypto industry is pushing back against a set of bills that would make it more difficult to operate in the Eurasian country : Russian lawmakers introduced a set of draft bills regulating digital assets earlier this month, which would effectively ban any transactions using crypto within the country’s borders. In response, the crypto community has filed a number of protest letters. If the proposed regulation is passed, the Russian economy could lose up to $10 billion in taxes annually, which the crypto industry would otherwise be able to pay if it could operate legally, says a letter by crypto lobbying group RAKIB to the bills’ sponsor, Anatoly Aksakov. A copy of the letter was also sent to Maxim Reshetnikov, head of the Ministry of Economic Development. News Source

The hacker behind the $72 million heist on the Bitfinex exchange in 2016 appears to be moving more of the stolen Bitcoin. Whale Alert reports that the hacker’s account shifted 28.39124 BTC, worth $261,600 at the time of writing, to an unknown wallet In August 2016, Bitfinex was hacked for more than 119,756 BTC, worth roughly $72 million at the time. That same total is worth more than $1.1 billion today. Last May, the infamous whale behind the attack unfroze the stolen funds for the first time in three years, moving 550 BTC to 15 separate, new addresses. Then in June, the hacker moved 172 Bitcoin in 24 hours alone, processing five separate transfers to unknown wallets, the biggest of which was worth $640,002. Information Source

Kucoin Hack: $17M Laundered Via Decentralized Exchanges, Blockchain Analysis Firm Claims This Can Still be Traced Elliptic says the Kucoin hacker has sold $17.1 million worth of tokens via decentralized exchanges (dex) platforms like Uniswap, Kyber Network, Tokenlon. The shift to dex applications comes after centralized projects came to the aid of the beleaguered exchange by blocking any cashing out of the hack related funds. For the past few days, the blockchain analysis firm says it has been seeing stolen tokens being swapped with censorship-resistant cryptocurrencies like bitcoin. Despite this change in tactics, Elliptic insists it has the technology that can still trace the movement of such funds. In a blog post on September 29, Elliptic cofounder and chief scientist, Tom Robinson revealed that of the stolen assets, “approximately US $152 million was made up of Ethereum-based tokens (ERC20s), including Tether (USDT), Chainlink (LINK), and Ocean Protocol (OCEAN).” Robinson explains that these tokens are issued on blockchains such as Ethereum by “organizations that have the power to freeze accounts and recover the tokens.” Indeed, on September 30, Kucoin said it had managed to recover about $140 million after ten projects cooperated with it by either swapping or replacing the stolen tokens. On realizing that this avenue had been blocked, the hacker(s) “tried to sell some of the tokens at two regular exchanges.” However, according to Robinson, this laundering route was soon blocked as exchanges soon deployed blockchain analysis tools. Blockchain monitoring tools such as Elliptic’s can “identify whether deposited crypto assets originated from the Kucoin hack, and freeze any accounts receiving such funds.” At the moment, dex applications provide the criminals with a means of exchanging the stolen tokens for Ether or other ERC20s. With their huge volumes and lack of KYC checks, dex platforms are now an obvious choice for crypto money launderers. Still, Robinson makes the argument that Elliptic’s current monitoring tools can trace the flow of the stolen funds: “Unlike centralized exchanges, which are dead-ends when it comes to tracing the flow of funds, with DEXs everything is recorded and visible on the blockchain.” With $140 million now recovered while $17.1 million is already lost, it remains to be seen if the remaining $124 million, which is dominated in censorship-resistant cryptocurrencies, can be recovered.