Oyster scam funds on the move – November 6

Current Bitcoin Price: $6447 (as of 1:00 PM PST)

The upwards “trend” — if you will — in the cryptocurrency markets is continuing today. While Bitcoin is up less than a third of a percent, Ethereum, Ripple, and Bitcoin Cash are up 3.6%, 10.0%, and 8.9% respectively!

Tezos is the only top-20 coin that’s trading down over the last 24 hours (and that’s by a mere half percent!) As always, though, there’s plenty of news stories in the blockchain space, and we’ve collected some of the most notable:

Top Bitcoin & Crypto News Stories for 6th November 2018

Oyster scam funds on the move

Earlier last week, anonymous Oyster founder “Bruno” exploited the token’s smart contract, reactivating it to mint himself a healthy portion — with an estimated value of between $200,000 and $300,000 — before quickly selling the tokens on through the KuCoin exchange.

Today, these Oyster scam funds got moving. They’ve been sent from one Ethereum address to another, and have now reached a Bitfinex account. Users are hoping the exchange will take stark action against the scammer(s) and lock up the funds.

ICON whitepaper allows 20% yearly inflation

ICON is a blockchain financial system that’s looking to make cryptocurrency usage easier. Of late, it’s been especially popular among some internet investment communities, but it appears there’s more to the token than meets the eye.

A Reddit user has discovered, by reading the token’s whitepaper (believe it or not!), that ICON delegates are able to mint up to 20% of the total supply of tokens on a yearly basis.

Augur bets reach over $2 million

Augur is a decentralized betting platform that’s built on the Ethereum blockchain. It allows users to bet on certain outcomes, with a smart contract guarantee that the winner will get their cut.

The upcoming US midterm elections have pushed the total sum of Augur bets over $2 million, showing that the platform really is gaining some traction!

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