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CryptOsint Weekly Newsletter: July 28, 2020
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Check out past issues from our archive. Please let me know if you want a particular topic featured or a specific question answered. All feedback, suggestions, and questions can be sent to brenna@bellingcat.com.

The Big Announcement

Hi all! CryptOsint will now be a monthly newsletter. I know this may be upsetting for some of you, so let me explain:

The minimum viable product of CryptOsint has always been to be the best news digest on how people are using blockchain technology. I created it for people like myself who are interested in the space but not necessarily in the financial side of crypto or the nitty-gritty technical details.  

I am proud to say that I have delivered on that front for nearly every issue.

I also hoped CryptOsint wouldn’t just be a list of articles to read. It was also supposed to regularly feature investigations, interviews, and in-depth articles. While I have done numerous issues of the newsletter that have met that criteria, it has been far from a regular thing which falls solely on my shoulders. 

I’ve become very disappointed with the lack of consistent original content coming from CryptOsint, but between my full-time job as a private researcher and contributing to other Bellingcat investigations, I’ve learned that I can do a better and more in-depth newsletter by switching to a monthly basis. 

Thank you all for being awesome and I looked forward to being in touch with you as I transition to this new and exciting format!

Brenna

Blockchain in Beijing

  • China’s state-backed Blockchain-based Service Network (BSN) has integrated with six public blockchains Tezos, NEO, Nervos, EOS, IRISnet and Ethereum. [David Pan // Coindesk]

  • Alibaba’s fintech arm Ant Group has launched its own blockchain brand called AntChain. [Yogita Khatri // The Block]

  • Bitmain drama continues! Former employees are stealing mining machines. Meanwhile, the company’s current clients are not happy with the constant turmoil. [Lylian Teng // 8BTC]

  • Global banks are allegedly limiting their services in Hong Kong in light of the territories escalating political tensions with the mainland. [Helen Partz // Cointelegraph]

Twitter Hack
  • Unchained’s Laura Shin interviewed Haseeb Awan, the New York Times source who connected them to the alleged Twitter hackers. [Laura Shin // Unchained]

  • Fortune’s Robert Hackett unpacked how the hackers are going to have one hell of a time cashing out on their earnings. [Robert Hackett // Fortune]

  • Blockchain analytics firm Chainalysis traced some of the stolen funds to bitcoin mixing service Wasabi Wallet. 

    • Speaking of Chainalysis, the company just launched a free website that shows insights into on-chain transactions. [Mike Orcutt // The Block]

This Past Week in Crypto
  • The U.S. Office of the Comptroller of the Currency announced last week that it’ll allow national banks and federal savings associations to hold cryptocurrencies for their customers. [Michael McSweeney // The Block]

    • Coin Center’s Peter Van Valkenburgh explains why this is a big deal and signals that U.S. policy is becoming increasingly crypto-friendly. [Peter Van Valkenburgh // Coin Center]

  • Coinbase is spearheading an effort among major crypto-exchanges to design a system that’ll allow for user information sharing under Financial Action Task Force’s rules. [Aislinn Keely & Michael McSweeney // The Block]

  • Visa and Mastercard and both stepping up their crypto-game and working to make the technology more accessible to its users.

  • The Philippines launched a blockchain application to distribute government bonds last week. [Mohammad Musharraf // Cointelegraph]

  • In a Coindesk podcast, reporter Anna Baydakova sat down with executives of two non-custodial, no-KYC bitcoin exchanges to get their perspectives on why they don’t feel the need to keep track of user data on their platforms. Their argument: privacy above all else. [Anna Baydakov // Coindesk]

  • Paypal will now reportedly allow crypto-trading through a new partnership with stablecoin company Paxos. [Adrian Zmudzinski // Cointelegraph]

  • Executives of the Canadian crypto trading platform Coinsquare have resigned after encouraging employees to make fake trade on the exchange. [Sebastian Sinclair // Coindesk]

  • Apparently, there is going to be a Korean crypto-drama airing soon called “Romantic Hacker.” [Felipe Erazo // Cointelegraph]

BLM Reads

As has been widely covered, coronavirus health outcomes have disproportionately affected black and brown communities. Many media outlets have taken to covering the racial implications of coronavirus, including in prisons where the majority of incarcerated men and women are people of color.

Take some time today to check out The Marshall Project’s excellent coverage of COVID19 outbreaks in U.S. jails and prisons. It’s important and it’s not being discussed enough. Here are some of my favorite of their recent pieces

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