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Binance witnessed a significant BNB deposit in the past 12 hours following the news of the #Arkham token sale. The daily trading volume of BNB experienced a staggering 180% increase, reaching $895 million.

Lookonchain, a blockchain analytics firm, reported a significant BNB transfer on Binance within the last 12 hours. An unidentified whale transferred approximately 141,835 BNB, valued at $35.1 million, to four prominent Binance deposit addresses.

The upcoming Arkham token sale on Binance Launchpad is believed to be the primary catalyst behind the observed whale activity. This event has led to a remarkable 180% surge in the daily trading volume of #BNB within the past 24 hours.

BNB Surges in Anticipation of Arkham (ARKM) Token Sale:

Binance recently unveiled its 32nd Initial Exchange Offering (IEO) on its native launchpad, featuring the Arkham (ARKM) token sale. ARKM will serve as the native token for Arkham Intel Exchange, a crypto data marketplace powered by Arkham Intelligence, a well-known blockchain intelligence platform. The marketplace aims to “deanonymize the blockchain” and offers users the ability to trade on-chain data.

On July 18, the distribution of ARKM tokens to users will be determined based on the amount of BNB they have locked. To participate in this process, users are required to accumulate and lock #Binance Coin (BNB).

BNB Price Surges Following Speculative IEO

Following the recent IEO, the price of BNB has experienced a bullish rally in the past 24 hours. On Binance, the BNB/USDT trading pair saw a 7% increase, rising from $231 to $248 at the time of writing. The current trading price of BNB stands at $248.12, with a 24-hour trading volume of $895,672,635.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

$BTC $ETH $BNB

#Arkham has stepped onto the blockchain stage with a novel approach - using artificial intelligence to bring transparency to the #crypto industry.

How they do it?

With a unique AI engine, ULTRA, that matches blockchain addresses with real-world entities! This game-changing system has the power to redefine crypto's future. 🚀🎆

Dive into the World of Arkham 🌍🎯

Arkham platform has two central pillars - an Analytics Platform and an Intel Exchange. Both are loaded with features designed to provide a wealth of information for those navigating the crypto universe. 📊🔭

1. The Analytics Platform 🔎📈

The Analytics Platform offers detailed entity pages for individuals, companies, and others, showing real-time and historical portfolio holdings, transaction history, and top counterparties.

Interested in a specific token?

Visit the token pages to see top holders, transactions, and exchange flows. Stay in the loop with instant alerts for transactions fitting your chosen parameters. 😮🔔

2. The Intel Exchange 🔄🎯

Join the Intel Exchange to buy and sell address labels and other intelligence. Earn #ARKM rewards by posting bounties for specific intelligence or auctioning off high-value information. It's all part of the intel-to-earn strategy. 🎁💰

ARKM - More Than Just a Token 🪙📚

ARKM is the native utility token, but it's more than just a token. It's the currency of the Intel Exchange, offering governance rights for strategic decision-making in Arkham, and providing incentives for beneficial activities like submitting intel and referring new users. 🏦💡

Arkham's journey has been backed by major investors like Tim Draper, Bedrock Capital, and the co-founders of Palantir and #OpenAI . As of July 10th, 2023, we have a total ARKM supply of 1,000,000,000, with a circulating supply of 150,000,000 upon listing. 📈🔝

Thank you for taking the time to discover the world of Arkham! If you liked the article and want to help us grow, please hit the like button and share this article with your friends. Your support means the world to us, and together, we can help make the crypto industry clearer and more accessible for everyone. 💙🌐

#crypto2023 $ARKM

Arkham

The launch of a new Arkham project to trade data on cryptocurrency wallet owners has raised questions about the ethics of disclosing such information

Cryptocurrency exchange Binance reported on July 18 that it has completed the public sale of tokens of the Arkham Intelligence (ARKM) analytics service. The token trades opened at $0.05, but shortly after the start of trading on the exchange, the ARKM rate soared to $0.75.

Arkham Intelligence has developed its own platform to visually analyze data in the most popular blockchains. With its help, you can view data about cryptocurrency wallets and movement of funds. And in doing so, matching wallet owners and analyzing their actions. This is applicable, for example, for investors when studying the chain of transactions of successful traders. Or for exchanges and law enforcement agencies when tracking the movement and conversion of stolen cryptocurrency.

Wide functionality and successful marketing strategy. Which includes a referral system and airdrop of future tokens, helped the project attract a user base.

Together with the announcement of the launch of the token, which received the ticker ARKM. And its distribution via airdrop and presale on the Binance Launchpad platform, the developers also announced the launch of the Arkham Intel Exchange marketplace. And on which the token will be used. On the site will be organized data marketplace, where buyers will be able to put up a reward for information. Which can be obtained from the analysis of cryptocurrency wallets, including for the identification of specific individuals who own these wallets. The service itself is promoted under the banner of " deanonymizing the blockchain."

This provoked a wave of discontent in social media discussions. And the company began to be accused of an unethical approach to personal data and privacy.

Despite the fact that data on all transactions in blockchains is public. But linking them to real people is often difficult. And privacy for many people is one of the fundamental factors in using cryptocurrencies as opposed to existing banking and payment systems.

There is no direct prohibition on "de-anonymization of blockchain". However, it is related to the personal data of users on the web. And which clearly did not give consent for someone else to have access to them. Our experts believe that it will be important to distinguish between the personal data of users on this platform and those that they have provided to exchanges.

From an ethical point of view, this approach infringes on the basic principles and fundamentals of blockchain. Such as privacy and simultaneous transparency. When law enforcement obtains information about user accounts on exchanges.This becomes a kind of restriction of rights for the greater good. In the situation of selling data, not everything is so clear-cut. Because sellers and buyers operate with other people's data, obtained not always in a legal way.

Our experts believe that many ordinary users will not be happy to find themselves and their wallet in such a database. This increases the risk that a person will become an object of attack of fraudsters. And they will know who owns the wallet and how much money he has.

Law enforcement agencies, cryptocurrency tracking systems or private researchers could act as such a platform's services.

At the early stage, the use of the service will be limited to a narrow circle of users, our experts believe. Cryptocurrencies were created as an alternative to centralized systems. And many users want to remain anonymous and do not want to disclose data about themselves and their transactions. On the other hand, regulators have policies aimed at disclosing user data for the sake of their own safety. And they are introducing mandatory Know Your Customer (KYC) procedures on marketplaces to identify malicious users and hold them accountable.

A promising technology that would help both parties. According to our experts, the Zero Knowledge Proof (ZK) protocol is a promising technology that would help both parties. With it, it is possible to develop a technological solution that balances human privacy for the general public. And by allowing limited fragments of data to be disclosed to government agencies. $ARKM

#Arkham

Arkham Intelligence, a crypto data provider, has revealed crucial information about the crypto holdings and wallet activity of Terraform Labs and its founder, Do Kwon.

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Anonymous sleuth and well-known crypto analyst, ErgoBTC, received a $5,000 bounty from Arkham Intelligence for his discovery. He submitted the data to Arkham Intelligence for the Arkham Intel Exchange, revealing crucial information about the crypto holdings and wallet activity of Terraform Labs and its founder, Do Kwon.

Terraform and Do Kwon Hold Over $160M in Crypto

As per the data, Terraform Labs and Do Kwon presently possess $161.27 million in crypto assets. However, their cumulative loss on these holdings amounts to $61 million.

Terraform Labs’ portfolio is predominantly comprised of Bitcoin (BTC), with a substantial holding of 5.292K BTC valued at $154.20 million. Ethereum (ETH) follows closely, with 2.522K ETH amounting to $4.67 million.

Apart from Bitcoin (BTC) and Ethereum (ETH), Terraform Labs also holds significant amounts of CVX, GOHM, USDT, BUSD, and USDC, collectively worth millions of dollars.

Interestingly, the latest transaction in the data recorded sending 13.9K OPEN tokens valued at $123 to a null address.

Notable Transactions and Financial Management at Terraform Labs:

A noteworthy transaction involved moving 5,292 BTC worth an impressive $162.5 million between two Terraform Labs addresses three weeks ago. Such substantial in-house transfers indicate strategic financial management within the organization.

The wallet balance reached a peak of over $955 million in March 2022. However, following the Terra ecosystem’s implosion two months later, the cumulative balance experienced significant declines. These drops were triggered by massive outflows initiated by Terraform Labs and Kwon.

Terraform Labs Withdrew Billions in Crypto:

Arkham Intelligence’s data revealed financial insights into Terraform Labs’ activity. From November 2020, the company witnessed total deposits of $1.70 billion, while total withdrawals amounted to $1.12 billion during the same period.

The data indicates that Terraform Labs heavily relied on Binance for most transactions. Notably, deposits through Binance accounted for a significant 70% of all deposits, totaling $1.2 billion. Similarly, withdrawals through Binance constituted 71%, amounting to $802 million.

The data has piqued interest and speculation in the crypto community as Do Kwon faces charges from South Korean prosecutors and the US SEC.

Amidst the Terra saga, Kwon has consistently denied rumors of moving funds on-chain for personal purposes. The recent data disclosure coincides with Do Kwon’s lawyers filing a supplementary document, citing the recent XRP victory in the SEC case as leverage to seek dismissal of the agency’s lawsuit against him.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

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Deposit Addresses:

BNB Smart Chain: 0x4e6Fa0776a8658cE05Bc90E95D343722aBD420bF

USDT BEP20: 0x4e6Fa0776a8658cE05Bc90E95D343722aBD420bF

USDT TRC20: TGCoKZJDfV1qevt8Qk563FsdbkoN9T7JPz

BTC Bitcoin Network: bc1q4a2e5hxkexqdskk7ccaz3tpaew4nrrreu3ad4a

Ethereum ERC20: 0x4e6Fa0776a8658cE05Bc90E95D343722aBD420bF

DOGECOIN Dogecoin Network: DAi3PXhnpasgKvhwKxEL4HnZHBvj35T8EZ

#CryptocurrencyNews #NFT #Web3 #Blockchain #Arkham $ARKM $LUNC $LUNA

#Arkham CEO, Miguel Morel, has responded to the claims circulating in the crypto community regarding the company’s “ #Intel Exchange” program.

He refutes the notion that it is a “snitch-to-earn” or “dox-to-earn” system and instead emphasizes its purpose in identifying bad actors within the blockchain ecosystem.

Unveiling the Arkham Intel #Exchange: Deanonymizing the Blockchain

Arkham’s Intel Exchange, launched as a token sale on Binance Launchpad, aims to bring transparency to the blockchain by rewarding users who reveal the true identities behind anonymous blockchain addresses.

The platform garnered criticism on Crypto Twitter, with many labeling it a “snitch-to-earn” system.

Arkham CEO’s Response: Privacy Challenges in Public Blockchains

During a Twitter Space session, CEO Miguel Morel addressed the public relations controversy surrounding Arkham’s Intel Exchange.

He acknowledged the challenges of maintaining privacy on public blockchains, asserting that they are not the ideal platforms for keeping personal information private.

Defending the Purpose: Exposing Scammers and Hackers

Morel defended the Arkham #IntelExchange , stating that its primary objective is to uncover scammers and hackers involved in crypto exploits.

He emphasized the need to protect the crypto community from malicious actors and clarified that Arkham will retain control over the data shared on the platform.

Ensuring Responsible Information Sharing

Contrary to the perception of a completely free market, Morel emphasized that the Intel Exchange will be subject to restrictions and guidelines set by Arkham.

The platform will carefully regulate the information shared to prevent abuse and false accusations.

Targeting Trading Firms and Large #Institutions

Morel highlighted that Arkham’s focus is primarily on uncovering trading firms, market makers, exchanges, and large institutions that benefit from inside information on significant token transactions.

By doing so, the platform aims to promote fairness and transparency in the crypto market.

Addressing Concerns of Abuse and False Accusations

While concerns were raised about potential abuse and false accusations facilitated by “crypto detectives,” Morel assured that Arkham’s bounty system will undergo rigorous vetting and approval processes.

He emphasized that the platform will be more regulated than social media platforms like Twitter or Facebook.

Data Management and User Privacy

TV host Ran Neuner raised concerns about Arkham’s management of user data, expressing reservations about potential privacy breaches.

Morel acknowledged the importance of responsible data management and reassured users that Arkham will take necessary measures to protect their information.

Recent Email Leak Incident and Referral Program

Arkham faced criticism recently for leaking user emails through its Weblink referral program.

The inclusion of easily decipherable characters in referral links revealed users’ email addresses, raising concerns about data security and privacy practices.

Enhancing Security and Regulating Information: Arkham’s Approach to the Intel Exchange

Arkham CEO Miguel Morel further elaborated on the company’s commitment to ensuring security and responsible information sharing through the Intel Exchange.

He emphasized that Arkham will implement strict guidelines and regulations to govern the platform effectively.

Unlike social media platforms, every bounty shared on the Intel Exchange will require approval, preventing the dissemination of false or misleading information.