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OXT Price:
$11.4 M
All Time High:
Market Cap:
$0.1 B

Circulating Supply:
Total Supply:
Max Supply:


The price of #OXT today is $0.13 USD.

The lowest OXT price for this period was $0, the highest was $0.127, and the current live price for one OXT coin is $0.12685.

The all-time high OXT coin price was $0.95.

Use our custom price calculator to see the hypothetical price of OXT with market cap of ETH or other crypto coins.


The code for Orchid is #OXT.

Orchid is 4.2 years old.


The current market capitalization for Orchid is $124,284,099.

Orchid is ranked #288, by market cap (and other factors).


There is a large daily trading volume on #OXT.

Today's 24-hour trading volume across all exchanges for Orchid is $11,373,281.


The circulating supply of OXT is 979,779,111 coins, which is 98% of the total coin supply.


OXT is integrated with many pairings with other cryptocurrencies and is listed on at least 28 crypto exchanges.

View #OXT trading pairs and crypto exchanges that currently support #OXT purchase.



Orchid’s Privacy Network Launches

Today we are proud to launch Orchid, the first incentivized, peer-to-peer privacy network. We welcome you to get set up at and start using it today for trustless digital privacy. The network features components designed to work together: the Orchid app (for download on Android), the Orchid VPN client that runs in the app, and the Orchid digital currency, OXT (available on Coinbase Pro) that powers the network, connecting buyers and sellers of bandwidth in an open marketplace. But the most important part of the network, what will enable it to offer users unprecedented digital privacy, is you. We built a privacy network because we believe that by bringing people together who value digital privacy in a world where it’s becoming scarce, and by pooling resources like Internet bandwidth — not just as altruists, but as fairly incentivized market participants — we can simultaneously protect ourselves and our communities. Read the rest here: Orchid’s Privacy Network Launches was originally published in Orchid Labs on Medium, where people are continuing the conversation by highlighting and responding to this story.

Orchid’s Network: Random Selection + Stake Weighting

The web of providers running the Orchid Server software constitutes the Orchid Network. We’ve chosen to build an algorithm utilizing random selection and stake weighting as the core rule set that determines how the user software picks a provider. Our design evolved from proof-of-work and considers both attack models and user experience.. — Like Bitcoin, Ethereum, and most other decentralized systems, Orchid is designed as an open network built from open-source software; anyone can download the Orchid node software and run as many nodes as their resources permit. The viable defenses against systemic attacks in an open decentralized system are ultimately economic — a system is secure to the extent that the cost of an attack to an attacker outweighs the benefits to that attacker, or is too costly to execute regardless. Decentralized systems use these security parameters to secure their networks and provide incentives by which miners or participants can earn in return. Most open blockchains today use one of two models: proof-of-work, which requires electricity; or proof-of-stake, which requires coordination efforts and governance. The Orchid Network is expected to use a derivative of proof-of-stake, called stake weighting, to authenticate peer-to-peer bandwidth agreements combined with Ethereum’s consensus to settle transactions. This means that bandwidth providers stake Orchid cryptocurrency for commercial use on ...

Orchid: A New Approach to VPNs

We’re building a next-gen VPN market powered by probabilistic nanopayments, with a design emphasizing these core tenets: scalability, decentralization, usability, simplicity, and extensibility.. — Orchid is a decentralized, market-based system for anonymous communication and virtual private networking, including a bandwidth market where node providers stake tokens to advertise their services using the Ethereum blockchain and receive payment in OXT (Orchid’s native cryptocurrency).Using a distributed system allows you, as a user, to distribute trust across multiple distinct VPN providers, thereby breaking apart the flow of your information so no single entity can see the entire picture. In the Orchid marketplace, incentives are used to create economic security and reliability between clients and servers in a permissionless way. This peer-to-peer marketplace is dynamic; clients can select single- or multi-hop onion routed circuits by selecting nodes randomly weighted on stake and filtered on secondary desiderata (price, location, etc.). A single hop route has the benefits of a normal VPN connection, creating a tunnel to route your traffic over a public network or your ISP, while a multi-hop connection provides additional privacy benefits by securing your network data from any one provider. Traditional VPNs today are limited; the centralized nature of their offering cannot compete with the distributed properties of com...

Introducing Nanopayments

When you wake up in the morning and flick on a light switch, do you pause to think about how many tiny fractions of a penny that electricity costs? Or do you just flick on the light so you don’t bump your head? And if you could pay for other kinds of services the same way you pay for electricity — a tiny flow of resources that could be turned on or off at any moment — what possibilities would that open up? Orchid’s novel layer 2 scaling architecture for Ethereum uses probabilistic nanopayments to allow users to pay for services in just this way. Nanopayments are what they sound like: they are tiny, and you can turn them on or off at will. But unlike a monthly electric bill, nanopayments transmit value as they move. We’re using this core technology to power our bandwidth marketplace, which is intended to offer users of the Orchid App a new way to construct VPN routes and manage them — just like flicking on a light switch.Scaling payments on Ethereum with Orchid The Orchid Network’s bandwidth marketplace is two-sided, comprising buyers (Orchid App users) and sellers (Orchid Server operators). The exchange of bandwidth requires a high transaction throughput to support both basic service and payments. Payments are expected to be made at a per-packet level with high frequency. Ethereum’s layer 1 would be too slow and expensive to settle nano transactions at the level of bandwidth exchange required be...

Pre-release Orchid App now available

Our initial feature is a local VPN traffic analyzer. The complete VPN service is coming soon.. — We’ve decided to distribute an early version of the Orchid app ahead of our network launch. This pre-release version analyzes network traffic on your phone and does not include VPN service yet (your IP address will not change). Visit to get the apps now. One of the unique things about Orchid is its integration of cutting edge networking technology with cryptocurrency to create an incentivized network. This pre-release version allows us to test and audit our networking code on both iOS and Android prior to integrating the token and interfacing with the Orchid Network. Once we launch our network, we can update the Orchid App to provide complete VPN service. In its initial form, this app will only be focused on one thing: analyzing and reporting the hosts that the data on your device are connecting to. For now, our app includes the following features:Local VPN service providing network flow analysisAdvanced filtering to drill down on the data you care aboutIP address & port number for both source and destination It’s important to us that this app is both open source and localized to your device, meaning no third parties see your data and nothing leaves your phone. We believe that an Open Source approach embraces the core tenets of decentralization and provides the greatest opportunity to create ...

The Commodification of You

How ISPs, apps, third parties, and websites are raking in the big bucks by tracking your clicks, emails, and purchases — and what we can do to control our digital identities.. — It’s ubiquitous and overwhelming. In our current system of the Internet, we’re asked to forfeit any modicum of privacy in a leveraged exchange, simply to access news, entertainment, and social interaction. While in the U.S. data mining is largely framed as a privacy issue, in Europe, the GDPR considers data collection a security issue. Realistically, they’re one and the same. You shouldn’t have to relinquish your right to privacy and security simply to access the online world. Take PayPal for example. In order to utilize their services for something as simple as sending $50 to a friend, you have to consent — whether you know it or not — to allow PayPal to share your personal data with over 600 companies. 600. From there, who knows what happens to your data? How do these companies use it? Do they sell it to even more third parties? And most importantly, how rigorous is the security of each of these companies? Because ultimately, while corporations in the U.S. see data harvesting in economic terms, for the end user, it’s a security issue. We’ve seen corporation after corporation — either willingly or mistakenly — spill our data and put us at risk over the last five years. So even if the companies harvesti...

Why We Need a Better VPN

As dueling interests move to control the future of the internet, users around the globe are increasingly turning to VPNs. But what users don’t know is that many VPNs fail to provide the security and privacy that they advertise. It’s time for a product that we can trust — a truly decentralized solution that will deliver an open, inclusive internet free of censorship and data harvesting. In much of the world, we’re now well into our third decade of online connectivity. In Europe and North America, internet access is now nearly universal. In other nations, the possibilities of an online world are just emerging. But as access to the internet continues to expand around the globe, we’re seeing a troubling pattern: an increasing desire on the part of state actors and big corporations to own and control the internet. It should come as no surprise that authoritarian regimes want to restrict the internet. From their perspective, the availability of information on the internet poses the greatest threat to control since the advent of the free press. As Ray Bradbury wrote in Fahrenheit 451, “If you don’t want a man unhappy politically, don’t give him two sides to a question to worry him; give him one. Better yet, give him none.” This is the basic ethos of governments that embrace digital authoritarianism. And it goes well beyond stifling activists and dissidents. Under an authoritarian regime, anyone — journali...

Open, unrestricted internet that’s owned by users.

Meet the Orchid protocol. A decentralized, open-source, uncensored internet.. — We’re open-source developers who believe in the power of collaboration and community. At Orchid Labs, we’re working to ensure that everyone on Earth has unrestricted access to information and communication on the internet, without surveillance or censorship. One of the founders of the web, Sir Tim Berners-Lee, once said “I imagined the web as an open platform that would allow everyone, everywhere to share information, access opportunities, and collaborate across geographic and cultural boundaries.” During the first days of the web, we used the internet as a communications platform to learn, express ideas, and build communities. The internet was a tool for freedom and collaboration. There were no limits — only possibilities. Berners-Lee’s dream of a collaborative, open-to-all internet has been replaced by today’s realities of government firewalls, ISP surveillance, and corporate data harvesting. Some of the brightest minds in the world lack access to Google and Wikipedia. And, in some countries, a blog post can get you jailed, or worse. Wherever you live, your personal data — your every click — is sold to the highest bidder. The internet doesn’t have to be this way. At Orchid Labs, we believe:The internet should be decentralized and free of censorship and surveillanceEveryone deserves access to the internet, r...


Bitcoin Whale Soars to 72nd Rank in 2 Weeks, Gathering Over 10,000 BTC A...

    This week, observers in the crypto sphere have kept a close eye on a notable bitcoin whale address, which impressively climbed from the 492nd spot to become the 72nd largest bitcoin holder in a mere fortnight. This substantial addition of over 10,000 bitcoin occurs amidst widespread speculation about how exchange-traded funds (ETFs), such as Blackrock, will procure bitcoin, with some conjecturing that their acquisition might be through direct purchases from miners.Mystery Whale Wallet Rockets to Top Bitcoin Ranks Blockchain data reveals that the bitcoin wallet labeled 'bc1qc' has rapidly amassed a significant number of bitcoins in a brief time span. This address has become a hot topic on social media platforms, with numerous discussions and posts scattered across X, highlighting the emergence of this new whale. Initially spotted on October 31, 2023, the wallet made its first move by acquiring 109.81 BTC, and then, after just ten days, it expanded its cache by adding 736.69 BTC. By the middle of November, this wallet had ascended to become one of the top 500, securing the 492nd rank. Advancing to the present day, this bitcoin whale wallet now ranks as the 72nd largest globally. On November 28, 2023, it added to its growing collection with two separate deposits of 163.67 BTC and 376.28 BTC. Currently, the wallet's total holdings stand at approximately 10,393.22 BTC, valued at about $397 million based on the prevailing exchange rates. Notably, this address remains unmarked and ... read More

The Real Reason Behind That Bitcoin Transaction With A $500,000 Fee Has ...

    In a surprising twist of events, Paxos has come forward to take the blame for the $500,000 Bitcoin fee payment after PayPal was accused of being the party responsible for the exorbitant fee transfer.  Paxos Comes Forward As Guilty Party Paxos, a New York-based blockchain infrastructure company and the issuer of PayPal USD (PYUSD) and Pax Dollar (USDP), recently admitted responsibility for a substantial $510,000 Bitcoin fee payment, the highest fee ever paid in US dollars for a single Bitcoin transaction.  The story began when several blockchain sleuths noticed the abnormally high Bitcoin network transaction fee of 19.89 BTC attached to a relatively small Bitcoin transfer of 0.074 BTC. Usually, BTC network fees range from $1-$5 and sometimes $50 when network activities are high, so the fee instantly piqued interest.  An analysis by an X (formerly Twitter) user, Mononautical claimed that the entity behind the overly paid Bitcoin fee transaction was PayPal because the address behind the transaction was similar to one tagged as PayPal on OXT, a mobile block explorer for Bitcoin. In light of these rumors, Paxos has come forward to debunk the statement, clarifying that it was indeed an error on their part. Paxos has stated that the substantial BTC fee was caused by a bug error on the Bitcoin transfer. However, the blockchain infrastructure company has begun making plans to reclaim the lost funds from BTC miners involved in the transfer.  “Paxos overpaid t... read More

Arkham Intelligence Identifies Grayscale's $16 Billion Onchain Bitcoin H...

    Arkham Intelligence, a leading crypto analytics firm, unveiled on Wednesday its findings on Grayscale's Bitcoin Trust onchain holdings. This revelation comes just six days after Arkham shed light on the fund manager's onchain ethereum assets.Unmasking Grayscale's Bitcoin Trust: Arkham Intelligence Exposes $16 Billion Onchain Bitcoin Assets The crypto analytics startup, Arkham Intelligence, has pinpointed and tagged Grayscale's bitcoin reserves. In a post on X (previously known as Twitter), Arkham highlighted a Grayscale X post, which was shared in the aftermath of FTX's downfall and the rising trend of proof-of-reserve audits. Grayscale had assured that Coinbase securely held its BTC, yet the onchain addresses remained undisclosed. On Wednesday, Arkham elaborated that Grayscale stands as the second-largest BTC holder, boasting over $16 billion in bitcoin. Arkham noted that Grayscale's 'Bitcoin Trust holdings are spread across [more than] 1,750 different addresses, with each holding no more than 1,000 BTC.' The firm also provided a link for enthusiasts to explore Grayscale's vast bitcoin and other crypto assets on Arkham's platform. The provided link displays Grayscale's impressive $16 billion in BTC, complemented by nearly $5 billion in ethereum (ETH). Additionally, Grayscale possesses $1.86 million in chainlink (LINK), 1.74 million in polygon (MATIC), and a small variety of other altcoin assets. In total, Grayscale's assets surpass $20.9 billion using current crypto market ... read More

Bitcoin's Largest Accounts: Peering Into the Top 10 Wallets on the 'BTC ...

    In recent weeks, buzz within the crypto sphere has centered on prominent bitcoin and ethereum holders. Some addresses are awash with speculation, while others have earned distinct labels. Interestingly, a handful have purportedly been unmasked, leading to many of the top ten BTC addresses being tagged. The following is a closer peek at the top ten bitcoin wallets featured in 'Bitcoin's Rich List' of addresses.From Exchanges to the U.S. Government - Shining a Light on the Largest Bitcoin Wallets in 2023 Recently, chatter in the crypto world zeroed in on the identity of the third-largest bitcoin (BTC) wallet. Both OXT researcher Ergo and crypto data analytics firm Arkham Intelligence believe it's likely affiliated with Robinhood - a sentiment echoed on Arkham's dashboard. However, as curiosity mounted about this wallet, wild and baseless rumors emerged around the fifth-largest BTC wallet, linking it to the late Yevgeny Prigozhin. Contrary to this fabrication or 'tall tale,' this particular wallet is overseen by U.S. government law enforcement officials. The following investigation offers a glimpse into our understanding of the top ten bitcoin wallets as of September 2023. At the pinnacle of the famed 'Bitcoin Rich List,' spotlighting the top 100 wallets by BTC count, Binance holds the crown with the lead wallet. As of September 1, 2023, the wallet labeled '34xp4,' overseen by Binance, boasts a staggering 248,597 BTC, valued at $6.4 billion based on current BTC exchange rates. C... read More

Arkham Intelligence Reveals Grayscale's Ethereum Holdings Across 500 Add...

    On September 1, Arkham Intelligence, a crypto analytics and data tracking agency, reportedly pinpointed the ethereum (ETH) holdings of Grayscale for its Ethereum Trust. Arkham reveals that Grayscale's ether stash is spread across 500 distinct addresses.Grayscale's Ethereum Holdings Mapped by Arkham According to Arkham, the firm has identified the ethereum owned by Grayscale for the Ethereum Trust fund. The fund's shares are based on a fraction of ether, and each share represents 0.00963214 ETH on September 1, according to Grayscale's web portal. Grayscale's Ethereum Trust was initially introduced in December 2017, and Arkham believes the company is now the second-largest holder of ETH. 'Arkham has identified the Grayscale Ethereum Trust onchain,' the firm posted to the social media platform X. 'It is now the second largest ETH entity globally with $5B in ETH. This had not been previously reported or publicly identified.' The firm added: The Grayscale funds are split over more than 500 addresses, none of which holds more than $30M. This makes the identification process more difficult. We were able to identify the addresses by analyzing activity and cross-referencing with Grayscale's publicly reported balances. The news of Arkham's assertion that the team has uncovered Grayscale's funds follows the company's identification of the fifth-largest ETH holder. 'Our identification of Robinhood as the owner of the third-largest bitcoin wallet was widely covered,' Arkham wrote on Augu... read More

Reports Suggest 11th-Largest Bitcoin Wallet Belongs to Stablecoin Giant ...

    A research analyst has disclosed that Tether, the company behind the world's most prominent stablecoin by market capitalization, could potentially hold the 11th-largest bitcoin (BTC) address. Additionally, an individual familiar with the matter has verified to The Block that said address does indeed belong to Tether.Research Analyst and Unknown Source Link $1.6 Billion BTC Address to Stablecoin Firm Lately, Tether's attestation reports have sparked discussions within the crypto community regarding the firm's earnings and bitcoin (BTC) holdings. The Q1 2023 Assurance Report for Tether indicated that it possessed bitcoin reserves amounting to $1.5 billion. BDO prepared the most recent attestation, which demonstrated an $850 million increase in Tether's reserves in Q2 2023. On August 3, 2023, Tom Wan, a research analyst at, posted on social media platform X that he believed a specific address was associated with Tether. Crypto journalist Yogita Khatri reported after the social media post that 'a source with direct knowledge of the matter confirmed to The Block that Tether is the 11th-largest bitcoin holder.' According to the BTC rich list, the address 'bc1qj' possesses a balance of 55,022.19 BTC, equivalent to $1.6 billion at current exchange rates. Though Tether has neither refuted nor affirmed ownership of this BTC address, onchain data reveals numerous bitcoin transfers originating from Bitfinex, as per Arkham Intelligence data. Blockchain explorers characterize... read More

Seoul Prosecutors Believe Terra Co-Founder Do Kwon Still in Possession o...

    In the wake of the recent legal action against ten associates of Terraform Labs, which included the co-founder Shin Hyun-seong, known to many as Daniel Shin, it appears that prosecutors from Seoul are convinced that Terraform Labs and co-founder Do Kwon are still in possession of a considerable sum of money, specifically 130 billion won ($100 million), held in a Swiss bank account.South Korean Prosecutors Claim Do Kwon and Terraform Labs Still Own $100 Million Tucked Away in a Swiss Bank Account, SEC Complaint Backs Theory As reported by Park Beom-soo, a local journalist, following the Terraform Labs indictment, Do Kwon and his associates allegedly transferred 10,000 bitcoin (BTC) to a fintech bank headquartered in Switzerland. Sygnum Bank, a digital asset financial institution based in Zurich, was reportedly the recipient of this sizable transfer. It has since come to light that the Seoul Southern District Prosecutor's Office has been closely monitoring the movement of Terra-linked bitcoin and has revealed this information during a press conference held to discuss the recent indictment. The prosecutor's office's spokesperson stated, 'We are actively tracking the bitcoin owned by LFG (Luna Foundation Guard), but some of it has been converted into cash and deposited into the Signum account. As outlined in the SEC complaint, the amount transferred is approximately 100 million dollars (about 130 billion won).' It would appear that the investigation into Terraform Labs and Do Kw... read More

Dormant Bitcoin Wallet Linked to Mt Gox Saga Moves $60 Million for the F...

    According to onchain data, a bitcoin whale address transferred 2,071.5 bitcoin, worth approximately $60 million, after remaining dormant since December 19, 2013. Interestingly, this bitcoin address is linked to two wallets that sent 10,000 bitcoin last summer for the first time in nine years and are associated with the now-defunct exchange Mt Gox.2,071 Bitcoin Spent on Wednesday Linked to the '1McUC' Mt Gox-Associated Address On April 19, 2023, at 4:45 p.m. (UTC), a previously inactive wallet since 2013 moved 2,071.5 BTC. The stash was valued at around $1.36 million when it first arrived at the address '1JdTW' and had grown to $60 million by the time of transfer on Wednesday. Several BTC parsers, including caught the movement. Furthermore, News discussed it with blockchain researcher Taisia, the admin of the Telegram channel 'GFISchannel.' Taisia identified that the funds were connected to the '1McUC' address that News reported on in August 2022. The '1McU' address is related to the now-defunct crypto exchange Mt Gox and may be connected to the exchange hack that took place on June 19, 2011. According to Taisia, the most intriguing aspect of the 2,071.5 BTC movement on Wednesday is its origin. Taisia stated that examining the original chain of movements revealed two wallet groups previously identified leading to the same '1McU' address mentioned in two articles last year. 'In my opinion and those of several blockchain analysts, this wal... read More

This Australian Crypto Exchange Lists LUNC, SHIB, And APE Coin

    Shiba Inu (SHIB), ApeCoin (APE), and LUNC gained new support in January as Australian crypto exchange Cointree lists them on its platform. Cointree announced the news via Twitter recently. Cointree is among the oldest crypto exchanges in Australia, based in Melbourne. It began operation in 2013 and offers over 280 cryptocurrencies on its platform, including the latest additions (APE, LUNC, and SHIB). In 2017, the exchange launched a learning hub that teaches and guides crypto enthusiasts on basic cryptocurrency subjects. This development is not SHIB’s first Australian recognition. Earlier in December 2021, CoinJar, Australia's oldest crypto exchange, announced the listing of Shiba Inu on its platform via Twitter. CoinJar also added six other cryptocurrencies, which include Cartesi (CTSI), (FET), Origin Protocol (OGN), Audius (AUDIO), OXT, and Quant Network (QNT). Performance Outlook For SHIB, LUNC, And APE Coin Shiba Inu's (SHIB) price has significantly increased in the past 24 hours and is trading at $0.0001239. SHIB is among the coins to see massive rallies this month. The crypto asset has added 21.8% over the past seven days and 28% in the last 14 days. LUNC, a token that emerged after the rebranding of the original Terra chain to Terra Classic, is soaring after a decline on the 24-hour chart. LUNC’s price soared 3% on January 10 after announcing new integration on the network. The token has added 11.4% over the past 14 days and a 23.8% 30-day price g... read More

Onchain Sleuths Discover Funds Linked to Alameda Swapped for ETH, USDT, ...

    On Dec. 27, 2022, a number of onchain researchers noticed that funds connected to Alameda Research and FTX have moved and have been swapped for other tokens. Reports show the hacker known as the 'FTX Accounts Drainer,' traded large sums of ERC20 tokens for digital assets like tether, ethereum, and bitcoin.Funds Tied to Sam Bankman-Fried's Alameda Research Traded for Ethereum, Tether, and Bitcoin It seems whoever controls the funds that once were connected to Alameda and FTX is starting to move a large handful of ERC20 tokens. According to the OXT onchain researcher Ergo, on Twitter, Alameda-linked addresses started to swap ERC20s for ETH and USDT. 'Alameda ETH addresses are digging around in the sofa for spare change and swapping bits ERC20s for ETH/USDT,' Ergo tweeted. 'ETH and USDT then funneled through instant exchangers. Rings some major alarm bells,' the onchain researcher added. In response to Ergo's tweet, the onchain sleuth Zachxbt replied and said: 'the funds are being swapped for [bitcoin],' while sharing four different BTC addresses (1, 2, 3, 4). All four of those addresses were sent roughly 11.9 bitcoin worth close to $199K using today's BTC exchange rates. In the thread published by Ergo, someone asked if the fund movements likely derived from the liquidators. Zachxbt dismissed the idea when he tweeted: 'don't think they would use Fixedfloat or Changenow.' Nansen's Martin Lee also confirmed that the funds were sent to Fixedfloat or Changenow. 'Lots of activity g... read More

Bitcoin's Third Largest Wallet Changed Hands, but Onchain Data Shows It'...

    Last year and during the first half of 2022, speculators assumed the third-largest bitcoin address was a 'mysterious whale,' even though the wallet had shown strong characteristics of being a cryptocurrency exchange. The address known as '1P5ZED' has since been replaced by another address, after the wallet started to transfer its entire bitcoin balance in mid-July 2022. The bitcoin address '1LQoW' is now the third-largest wallet today, and it's very likely that the owner of the 1LQoW wallet is the same entity that managed the 1P5ZED wallet. The Third Largest Bitcoin Wallet Changed to a New Address, a Wallet That's Likely Controlled by the Same Owner After bitcoin's price soared to new heights in November 2021, there was a significant amount of speculation concerning the third-largest bitcoin wallet known as '1P5ZED.' Rumors about the wallet plagued social media and some people erroneously attributed the wallet to Microstrategy's stash of BTC. Then after the rumors were debunked, blockchain observers noticed that 1P5ZED moved all of its bitcoins in mid-July. Blockchain records show that by the end of June 2022, the 1P5ZED address was down to 0.01257 BTC. In 2021, when News reported on 1P5ZED, a source with 'access to blockchain analytics tools (Chainalysis and Ciphertrace) as part of their job function' told our newsdesk: There is an almost 100% chance that both addresses in your article, both 1P5ZED and 1FzWLk, belong to Gemini. The 1P5ZED wallet also had shown s... read More

Analyst Confirms GBTC's 633K Bitcoin Claim Despite Grayscale's Reluctanc...

    An independent analyst has confirmed that GBTC owns approximately 633,000 Bitcoin held by its custodian - Coinbase Custody. This comes as Grayscale, the asset manager running the world’s largest bitcoin fund, revealed that it won’t share its proof of reserves with customers. According to the analyst, there could be two reasons explaining Grayscale's reluctance. One, there could be a non-disclosure policy enforced by Coinbase Custody, or it could be a deliberate obfuscation by Grayscale itself. Confirming Grayscale's Proof of Reserves An OXT Research analyst, who is pseudonymously known as Ergo, has confirmed the existence of Grayscale's on-chain holdings with the help of on-chain forensics. In total, they were able to attribute 432 addresses with a total balance of about 317,705 BTC to likely GBTC TXOs held by Coinbase Custody. The figure is approximately 50% of GBTC's reported current holdings. The reliability of centralized crypto exchanges to serve as stewards for customers’ assets has been questioned multiple times. But it was not until the spectacular collapse of FTX into bankruptcy that reinvigorated the discussion around a potential called - Proof of Reserves. Proof of reserves (PoR) is essentially an independent audit conducted by third parties in a bid to provide clarity and evidence that a custodian holds the assets it claims to own on behalf of its clients. The balances are then aggregated by these auditors into a Merkle tree, which contains all c... read More

Onchain Analysis Verifies the Number of BTC Held by Grayscale's Bitcoin ...

    After Grayscale Investments shared information concerning the company's product holdings, people questioned why the firm wouldn't share the public addresses associated with the crypto assets it holds. However, on Nov. 23, OXT researcher Ergo published a Twitter thread featuring onchain forensics that confirm Coinbase Custody holds a balance of 633K bitcoin that likely belongs to the Grayscale Bitcoin Trust (GBTC).OXT Researcher Verifies Grayscale's Bitcoin Holdings Five days ago, News reported on Grayscale disclosing information tied to the safety and security of the company's digital assets. Grayscale's statements were meant to assure the public that the company's cryptocurrencies are 'safe and secure' after the FTX collapse. The digital asset fund manager detailed that all of the company's digital assets are stored with Coinbase Custody Trust Company. On the Grayscale website, the firm says Coinbase Custody is a qualified custodian under New York banking laws and the funds are kept in 'cold storage.' The one thing Grayscale did not disclose is the company's digital asset addresses and it did mention why it chose not to share the wallets. Grayscale explained that it has never publicly disclosed onchain addresses to the general public 'due to security concerns.' The claim was criticized and mocked, but Grayscale said that it understood the non-disclosure would be 'a disappointment to some.' Despite Grayscale's non-disclosure, the OXT researcher ( Ergo expla... read More

Arbitrum Rewards Hacker With 400 ETH For Detecting a Critical $400M Vuln...

    On September 19, Arbitrum, one of the most popular Layer 2 solutions for Ethereum, paid 400 ETH (about $560,000) to a white hat hacker who found a potential vulnerability in its code. The white hat hacker, known on Twitter as Riptide, finds vulnerabilities within smart contracts written in Solidity. Riptide said the 'multi-million dollar vulnerability' could potentially affect anyone who wanted to exchange funds from Ethereum to Arbitrum Nitro. No big deal just bridging a cool $470mm through the same Inbox contract Definitely should be eligible for a max bounty — riptide (@0xriptide) September 20, 2022 Arbitrum Prevented Millions of Dollars in Losses The hacker thoroughly scanned the Arbitrum Nitro code a few weeks before it was released, checking the contracts so they could 'see if the update had been a success.' After the upgrade, Riptide noticed some errors that prevented the bridge from working correctly. Upon further inspection, Riptide noticed that the inbox sequencer was experiencing a delay. 'A client can send a message to the Sequencer by signing and publishing an L1 transaction in the Arbitrum chain's Delayed Inbox. This functionality is most commonly used for depositing ETH or tokens via a bridge.' After rescanning the contract, Riptide confirmed that the inbox sequencer bug allowed a critical vulnerability in the contract by which Riptide or another malicious hacker could have obtained millions of dollars by diverting incoming ETH ... read More

Another 5,000 Bitcoin Sourced From Mt Gox Wake up After Close to 9 Years...

    Last week News reported on two old bitcoin addresses created in 2013 sending 10,001 bitcoin to a myriad of wallets. Heuristics and clustering techniques indicate that the bitcoins were associated with Mt Gox, roughly around the same time the exchange was hacked in June 2011. Five days later, 5,000 bitcoins were transferred from a wallet created on the same day in 2013, and the stash of coins were also connected to Mt Gox in some type of fashion.The Onchain Tale of 15,001 Bitcoin Associated With the Mt Gox Saga Another 5,000 so-called 'sleeping bitcoins,' from a wallet created on December 19, 2013, were transferred on September 4, 2022. The action, caught by, took place five days after 10,001 bitcoin (BTC) moved from two bitcoin addresses created close to nine years ago on the same day in 2013. The 5,000 BTC sent on Sunday, September 4, 2022, have a mysterious history as they are associated with the now-defunct Mt Gox bitcoin exchange right around the same time the exchange was hacked in June 2011. When our newsdesk reported on the 10,001 BTC associated with Mt Gox, there wasn't much fanfare about the coins moving. Coindesk columnist Jocelyn Yang, however, discussed the situation with a data engineer at Coin Metrics. The engineer said the bitcoins from 2013 may have been associated with 'an old Kraken cold storage address, a Kraken OTC (over the counter) deal, [or] a Kraken user.' Then on September 3, 2022, the OXT researcher Ergobtc published a Twit... read More

Coinbase Sued for Allegedly Selling 79 Unregistered Crypto Securities &m...

    A class-action lawsuit has been filed against the Nasdaq-listed cryptocurrency exchange Coinbase alleging that the platform lets customers trade 79 cryptocurrencies that are unregistered securities, including XRP, dogecoin (DOGE), and shiba inu (SHIB).Lawsuit Claims Coinbase Sold 79 Unregistered Crypto Securities to Customers A class-action lawsuit was filed last week against Coinbase Global Inc., Coinbase Inc., and CEO Brian Armstrong. Lead plaintiffs and Coinbase users Christopher Underwood, Louis Oberlander, and Henry Rodriguez allege that from Oct. 8, 2019, to the present, Coinbase let customers buy and sell 79 different cryptocurrencies without disclosing that they are in fact securities. The plaintiffs added that these crypto securities are not registered with the U.S. Securities and Exchange Commission (SEC) or any state regulators, and Coinbase is not registered as a securities exchange or a broker-dealer. The plaintiffs claim that 'Coinbase's sale of these tokens violates both federal and state law.' The class covers all persons or entities who transacted any of the 79 crypto tokens on Coinbase or the Coinbase Pro platform during the class period. Without registering these crypto assets with the SEC and state regulators, the plaintiffs said: Purchasers do not have access to the disclosures that accompany the issuances of traditional securities. Rather, investors receive - at most - only the so-called whitepapers, which describe the token, but do not satisfy the requi... read More

De-Mixing Wasabi Coinjoin Transactions: A Deep Dive Into Chainalysis&rsq...

    On Tuesday, journalist Laura Shin published a story that claims to identify the 2016 Genesis DAO hacker who siphoned 3.6 million ethereum from the decentralized autonomous organization. While the story surprised the crypto community, one of the biggest eye-openers was the blockchain analysis methods leveraged, and the claim that Chainalysis allegedly 'de-mixed' Wasabi transactions.Community Shocked by Chainalysis 'De-Mixing' Wasabi Transactions, Samourai Wallet Criticizes Wasabi's Coinjoin Scheme An article published by the journalist Laura Shin has revealed a so-called shocker about the use of Coinjoin transactions. Specifically, Shin's report highlighted how she used a 'powerful and previously secret forensics tool from crypto tracing firm Chainalysis.' According to the report, Chainalysis discovered the attacker sent 50 bitcoin to a Wasabi wallet, and the blockchain intelligence firm was reportedly able to 'de-mix' the transactions. This piece of information was unexpected to a great number of crypto supporters. After the article was published, bitcoin advocate Nic Carter wrote: Lots of crazy stuff in the DAO hacker piece this am, but the part that stood out to me was Chainalysis being able to demix Wasabi [transactions]. Furthermore, the team behind the Samourai wallet criticized Wasabi's mixing scheme on Tuesday as well. Wasabi has been under fire in the past over privacy concerns and the team has been debating Samourai developers over the issue for years. If you are us... read More

Sequoia Capital Designates $500-600 Million to Crypto Fund Focused on Li...

    On February 17, the venture capital firm Sequoia Capital announced the launch of a new $500 million to $600 million sub-fund dedicated to 'liquid tokens and digital assets.' The company noted during its announcement that the new fund highlights Sequoia's strategic 'commitment to crypto.'Venture Firm Sequoia Capital to Launch a Fund Focused on Liquid Tokens and Digital Assets The American venture capital firm headquartered in Menlo Park, California, Sequoia Capital is starting a fund that will be focused on investing in crypto assets. In a blog post dubbed 'A Block Step Forward,' Sequoia says the new liquid token fund 'complements' the firm's ongoing crypto investing. Sequoia's announcement further discussed prior partnerships with crypto movers and shakers like FTX CEO Sam Bankman-Fried and Michael Shaulov the co-founder of Fireblocks. The venture capital firm also mentioned blockchains like Ethereum, Solana, and 'major' decentralized finance (defi) protocols. While investing in these technologies, Sequoia mentioned learning a great deal along the way. 'Today, we are doing just that with a new $500–600M sub fund focused primarily on liquid tokens and digital assets,' the blog post published on Thursday notes. Sequoia Capital continued: Sequoia Crypto Fund complements our broader commitment to crypto. Our goal with this fund is to participate more actively in protocols, better support token-only projects, and learn by doing ourselves. We remain committed to working coll... read More

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