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In todays edition of The Daily, we feature a couple of
stories from the U.S. political scene. President Donald Trump has
chosen a known Bitcoin advocate as the Acting White House Chief of
Staff. And a congressman proposes to fund the building of a barrier
on the U.S.-Mexico border with a Wall Coins crowdsale
U.S. President Donald Trump has announced on Friday that Mick Mulvaney, Director of the Office of Management & Budget, will be named Acting White House Chief of Staff. As we...
Just months ago, David Marcus, the former president of fintech giant Paypal, was appointed as the inaugural head of Facebook Blockchain, the social media giants first stab at so-called internet 3.0 innovation. But since Marcus appointment, many have been puzzled, as Facebooks blockchain division has seemingly disappeared off the face of Planet Earth. In a testament to this confusion, the Menlo Park-headquartered corporation has only fleeting referenced its newfangled branch, specifically through the incessant stream of Facebook job opportunities posted via LinkedIn.
Yet, an exclusive report from Cheddar, an up-and-coming business media outlet, has revealed that Facebooks small blockchain consortium has been bolstering its defenses behind closed doors. Citing those familiar with the matter, the outlets Alex Heath and Tanaya Macheel explained that nearly 40 employees, which consist of blockchain developers and former members of Paypals top brass, now work within the walls of the little-known program. In the expos piece from Cheddar, it was also divulged that two former key members pertinent to the Instagram project had jumped onto the blockchain bandwagon.
And the social media powerhouse doesnt seem poised to pause its blockchain efforts, even in spite of the Bitcoin market rut. Facebook has reportedly shot representatives across the globe in a search for potential team members at crypto-centric events. Such efforts to find talent havent been deemed enough, however, as Facebook Blockchains staffing recruiters and chiefs have also reached out to leading cryptocurrency projects in an attempt to poach promising employees.
But while Facebook evidently means business, not much is known about the blockchain spokes inner workings and long-term ambitions. Crypto industry commentators have speculated that Facebook could be seeking to put pertinent segments of its social media platform on (de)centralized ledger technology, while others have speculated that a digital identity platform is in development....
This is a paid sponsorship by: - Ray Mikelonis, an independent representative of plant-based products which have been scientifically proven to naturally increase the number of adult stem cells in your body. CLICK HERE: https://BillStill.com/StemCell Good evening, Im still reporting on: FBI Acting Unconstitutionally Judge Jeanine, 2481 Synopsis: One year after pleading guilty, Lt. General Michael Flynn will stand before Judge Emmet G. Sullivan in his courtroom at 333 Constitution Ave.in Washington, DC for his sentencing hearing for the felony of lying to an FBI agent. SUPPORT OUR SPONSORS: - Noble Gold - Better grab some rolls of these beautiful Morgan Silver Dollars before they are gone. Go to: https://HistoricSilverCoins.com and enter promo code Bill Still to save $5 per coin. -- Virtual Shield VPN - the easiest way to create a home VPN. It takes me 4-5 seconds each morning to get my Virtual Shield up. Go to: https://www.virtualshield.com/billstill - Trade Genius Academy. It pays for itself. See their Black Friday Specials at: https://www.TradeGeniusAcademy.com - Patriot Flashlight, http://www.patriotflashlight.com/ Apply Coupon: Still20 for an additional 20% discount - Cheap Cable TV - Call 1-888-742-8847. Click now: https://CheapCableTV.com - Ray Mikelonis, an independent representative of plant-based products which have been scientifically proven to naturally increase the number of adult stem cells in your body. CLICK HERE: https://BillStill.com/StemCell The Crypto Advisors, buy, sell, invest, safeguard cryptocurrencies such as Bitcoin. Call 888-844-7806, or visit online at: www.TheCryptoAdvisors.com -Jeevy Computers: Move up to business-level computer protection.800-844-8613 http://jeevycomputers.com/pcs/ Still Report BTC address: 18Ky2c3CgPY3eu5N7ySoM3X6NjgEAN2w4v Connect with me; Bill Still: newspaper editor/publisher, economics reporter - top US publications, authored 22 books, 4 documentary videos & daily host of this Y/T channel, THE STILL REPORT: https://plus.google.com/u/0/109353617116072656672 Get the word Out: Please LIKE, COMMENT & SHARE! Our website: http://www.billstill.com Considered by informed insiders as the ultimate resource for surviving economic or financial collapse/crash and attaining the unvarnished truth about the latest US and world news, current events in Washington, and todays United States political climate. Please Like, Comment & Share. Bill Still is a former newspaper editor and publisher. He has written for USA Today, The Saturday Evening Post, the Los Angeles Times Syndicate, OMNI magazine, and has also produced the syndicated radio program, Health News. He has written 22 books and two documentary videos and is the host of his wildly popular daily YouTube Channel the Still Report, the quintessential report on the economy and Washington. Connect with Bill Still: https://www.youtube.com/user/bstill3 https://plus.google.com/u/0/+BillStill http://billstills.b...
This is a paid sponsorship by: - Trade Genius Academy. It pays for itself. See their Black Friday Specials at: https://www.TradeGeniusAcademy.com Good evening, Im still reporting on: Federal Judge Strikes Down Obamacare, 2479 Synopsis: Good evening. A federal judge in Texas has ruled that ObamaCare aka the Affordable Care Act is unconstitutional just one day before the deadline to sign up for coverage for the coming year. The judge ruled that the individual mandate is what is unconstitutional forcing people to buy an insurance product, even if they dont want to bet against their health in any way. This argument was offered as a reason not to pass the bill in the first place, but Obama steam-roller tended to ignore such niceities as the U.S. Constitution back in them there days. Writing in his opinion, Judge Reed OConnor, an appointee of President George W. Bush, observed that the U.S. Constitution does not allow the mandate to stand. Back in 2012, the Supremes upheld the mandate claiming that it was part of Congresss power to tax. But, last year, Congress removed the fine for failing to comply with that tax, and without the mandate, the program could not pay for itself. Judge OConnor ruled that since the mandate is an essential part of the ACA, the entire law is unconstitutional SUPPORT OUR SPONSORS: - Noble Gold - Better grab some rolls of these beautiful Morgan Silver Dollars before they are gone. Go to: https://HistoricSilverCoins.com and enter promo code Bill Still to save $5 per coin. -- Virtual Shield VPN - the easiest way to create a home VPN. It takes me 4-5 seconds each morning to get my Virtual Shield up. Go to: https://www.virtualshield.com/billstill - Trade Genius Academy. It pays for itself. See their Black Friday Specials at: https://www.TradeGeniusAcademy.com - Patriot Flashlight, http://www.patriotflashlight.com/ Apply Coupon: Still20 for an additional 20% discount - Cheap Cable TV - Call 1-888-742-8847. Click now: https://CheapCableTV.com - Ray Mikelonis, an independent representative of plant-based products which have been scientifically proven to naturally increase the number of adult stem cells in your body. CLICK HERE: https://BillStill.com/StemCell The Crypto Advisors, buy, sell, invest, safeguard cryptocurrencies such as Bitcoin. Call 888-844-7806, or visit online at: www.TheCryptoAdvisors.com -Jeevy Computers: Move up to business-level computer protection.800-844-8613 http://jeevycomputers.com/pcs/ Still Report BTC address: 18Ky2c3CgPY3eu5N7ySoM3X6NjgEAN2w4v Connect with me; Bill Still: newspaper editor/publisher, economics reporter - top US publications, authored 22 books, 4 documentary videos & daily host of this Y/T channel, THE STILL REPORT: https://plus.google.com/u/0/109353617116072656672 Get the word Out: Please LIKE, COMMENT & SHARE! Our website: http://www.billstill.com Considered by informed insiders as the ultimate resource for surviving economic or financial...
This is a paid sponsorship by: -- Virtual Shield VPN - the easiest way to create a home VPN. It takes me 4-5 seconds each morning to get my Virtual Shield up. Go to: https://www.virtualshield.com/billstill Good evening, Im still reporting on: Joe diGenova Justice Will Be Done, 2478 Synopsis: After an absence for some weeks, Joe diGenova is back and on the attack. Yesterday he was on Laura Ingrahams radio show getting us straight and keeping the big picture in perspective. DiGenova explains in simple terms whats going on with the daily drivel from the MSM, then, towards the end of this interview he makes some startling and encouraging predictions. It seems that the Dems are now trying to focus Americas attention on the payoffs to two women who were trying to extort money from him before the election. The problem for the desperate Dems is this is not a crime in itself. Even the head of the Federal Elections Commission made an on camera comment last week that this is not a crime. But thats not enough to stop the desperate Dems. Why? Because they are so desperate. This is literally the best they can come up with after two years of a Russia Collusion investigation. So what does this have to do with Russia collusion? Exactly! Nothing! SUPPORT OUR SPONSORS: - Noble Gold - Better grab some rolls of these beautiful Morgan Silver Dollars before they are gone. Go to: https://HistoricSilverCoins.com and enter promo code Bill Still to save $5 per coin. -- Virtual Shield VPN - the easiest way to create a home VPN. It takes me 4-5 seconds each morning to get my Virtual Shield up. Go to: https://www.virtualshield.com/billstill - Trade Genius Academy. It pays for itself. See their Black Friday Specials at: https://www.TradeGeniusAcademy.com - Patriot Flashlight, http://www.patriotflashlight.com/ Apply Coupon: Still20 for an additional 20% discount - Cheap Cable TV - Call 1-888-742-8847. Click now: https://CheapCableTV.com - Ray Mikelonis, an independent representative of plant-based products which have been scientifically proven to naturally increase the number of adult stem cells in your body. CLICK HERE: https://BillStill.com/StemCell The Crypto Advisors, buy, sell, invest, safeguard cryptocurrencies such as Bitcoin. Call 888-844-7806, or visit online at: www.TheCryptoAdvisors.com -Jeevy Computers: Move up to business-level computer protection.800-844-8613 http://jeevycomputers.com/pcs/ Still Report BTC address: 18Ky2c3CgPY3eu5N7ySoM3X6NjgEAN2w4v Connect with me; Bill Still: newspaper editor/publisher, economics reporter - top US publications, authored 22 books, 4 documentary videos & daily host of this Y/T channel, THE STILL REPORT: https://plus.google.com/u/0/109353617116072656672 Get the word Out: Please LIKE, COMMENT & SHARE! Our website: http://www.billstill.com Considered by informed insiders as the ultimate resource for surviving economic or financial collapse/crash and attaining the unvarnished truth abo...
This is a paid sponsorship by: - Cheap Cable TV - Call 1-888-742-8847. Click now: https://CheapCableTV.com Good evening, Im still reporting on: Michael Cohen Not Believable on Dial Ratings, 2480 Synopsis: SUPPORT OUR SPONSORS: - Noble Gold - Better grab some rolls of these beautiful Morgan Silver Dollars before they are gone. Go to: https://HistoricSilverCoins.com and enter promo code Bill Still to save $5 per coin. -- Virtual Shield VPN - the easiest way to create a home VPN. It takes me 4-5 seconds each morning to get my Virtual Shield up. Go to: https://www.virtualshield.com/billstill - Trade Genius Academy. It pays for itself. See their Black Friday Specials at: https://www.TradeGeniusAcademy.com - Patriot Flashlight, http://www.patriotflashlight.com/ Apply Coupon: Still20 for an additional 20% discount - Cheap Cable TV - Call 1-888-742-8847. Click now: https://CheapCableTV.com - Ray Mikelonis, an independent representative of plant-based products which have been scientifically proven to naturally increase the number of adult stem cells in your body. CLICK HERE: https://BillStill.com/StemCell The Crypto Advisors, buy, sell, invest, safeguard cryptocurrencies such as Bitcoin. Call 888-844-7806, or visit online at: www.TheCryptoAdvisors.com -Jeevy Computers: Move up to business-level computer protection.800-844-8613 http://jeevycomputers.com/pcs/ Still Report BTC address: 18Ky2c3CgPY3eu5N7ySoM3X6NjgEAN2w4v Connect with me; Bill Still: newspaper editor/publisher, economics reporter - top US publications, authored 22 books, 4 documentary videos & daily host of this Y/T channel, THE STILL REPORT: https://plus.google.com/u/0/109353617116072656672 Get the word Out: Please LIKE, COMMENT & SHARE! Our website: http://www.billstill.com Considered by informed insiders as the ultimate resource for surviving economic or financial collapse/crash and attaining the unvarnished truth about the latest US and world news, current events in Washington, and todays United States political climate. Please Like, Comment & Share. Bill Still is a former newspaper editor and publisher. He has written for USA Today, The Saturday Evening Post, the Los Angeles Times Syndicate, OMNI magazine, and has also produced the syndicated radio program, Health News. He has written 22 books and two documentary videos and is the host of his wildly popular daily YouTube Channel the Still Report, the quintessential report on the economy and Washington. Connect with Bill Still: https://www.youtube.com/user/bstill3 https://plus.google.com/u/0/+BillStill http://billstills.blogspot.in/ https://twitter.com/billstill https://www.facebook.com/TheStillReport https://www.pinterest.com/billstills/ https://www.linkedin.com/in/billstill http://billstills.tumblr.com/ https://billstills.wordpress.com/ https://www.diigo.com/profile/billstill https://www.reddit.com/user/billstills/ http://www.stumbleupon.com/stumbler/billstillss Consider becoming...
In todays chatter report, Calvin Ayre eagerly welcomes Jiang Zhuoer to mine on BSV but then quickly changes his mind. Zhuoer reveals that btc.top created a BSV block by accident and Rick Falkvinge calls for code changes to be reviewed in the same manner as legislation.
Coingeek owner Calvin Ayre recently took to Twitter to congratulate and welcome mining pool btc.top for mining a block on the BSV chain.
https://t.co/cyQxBaFxG4 an ABC mining conspirator now mining real #Bitcoin SV. This is good. #BSV is open for business and wants to invite any miner who now understands that our future is tied to BSV to join with us. No Bitcoin attacks please https://t.co/mCSGWH2AgG
Calvin Ayre (@CalvinAyre) December 14, 2018
The celebration was short lived, as btc.top...
The so-called "hash war" over the future of bitcoin cash is over and it's up to market forces to decide the fate of its two rival cryptocurrencies.
No one controls the focal point for Bitcoin development, said Jameson Lopp in his latest blogpost.
The Bitcoin veteran, who has been a crucial part of crypto developments since the beginning, opened recently about how developers run the worlds biggest decentralized financial network without fragiling it. He also attempted to answer individuals and groups that criticize bitcoin core, a large group of software veterans, programmers and even newbies, for controlling the networks present and future developments by taking unilateral decisions.
The central point throughout the Lopps post remained how Bitcoin Core reaches a consensus whether or not it would merge new code proposals into their GitHub repository. Lopp explained that while the core has maintainer accounts that have the ability to merge code into the master branch, their duty is more janitorial than authoritative. That said, the core picks maintainer for their provable contributions over a period of time.
Each maintainer holds a unique PGP key and only these encrypted jargons could commit merge codes to the current framework, he added. A malicious actor, in this case, could still use its administrative privileges to inject code into the GitHub repository without maintainers consent through a Pull Request feature.
While these keys are tied to known identities, its still not safe to assume that it will always be the case a key could be compromised and we wouldnt know unless the original key owner notified the other maintainers, Lopp wrote. As such, the commit keys do not provide perfect security either, they just make it more difficult for an attacker to inject arbitrary code.
The code that has been verified using the PGP keys into the Bitcoin mainframe is prone to auditing. Developers, for instance, can run an integrity check, dubbed as verify-commits, on their machines.
If the script completes successfully, it tells us that every line of code that has been changed since that point has passed through the Bitcoin Core development process and been signed off by someone with a maintainer key, Lopp asserted.
Nevertheless, the cypherpunk recognized that the solution was not entirely a cure but a strong prevention tactic to keep the villains out of the core.
Constant Vigilance, he recommended while hoping that more developers reviewing bitcoin code could ensure its growth as any other open source project.
Bitcoin Core includes a specific integration test suite that runs against every pull request, coupled with an extended test suite th...
The Government of Venezuela is reportedly taking pensioners bolivars from their accounts and replacing them with their cryptocurrency, the Petro. According to Caracas Chronicles, the elderly residents recently received their monthly pensions in Venezuelas official currency. Their wallet service, dubbed as Motherland, sent a notification that their accounts were credited with 1,800 Bolivars. However, the
The post The Venezuelan Government is Forcing Petro Down the Pensioners Throats appeared first on CCN
Paul Klee Carnival in the snow 1923 Why The Fed Wont Save The Stock Market (MW) Why The US-China Trade Talks Will Work: The Personal Touch (Kuhn) 12 Months Of Bitcoin Misery (MW) Failed By Both Major Parties, Betrayed Britain Lurches Towards The Abyss (G.) British Minister Warns Brexit
Since the end of November, the Waves coin (WAVES) has bucked a market trend and risen in price by over 150%. The cryptocurrency has not only risen to a price, at the time of writing, of $2.49 per coin but as bitcoin price falls, WAVES value against bitcoin (BTC) is also growing. The Waves cryptocurrency
The post Waves Surges into Top 20 Coins as Wider Crypto Market Stumbles appeared first on CCN
Police in Romania have detained the founder and CEO of Coinflux, one of the countrys major cryptocurrency exchanges. Vlad Nistor has been arrested on a warrant issued by U.S. authorities accusing him of a number of crimes, including the defrauding of American citizens. A court in Bucharest is currently reviewing the extradition request.
The 29-year-old businessman was apprehended by Romanian policemen and prosecutors earlier this week at his home and office in the city of Cluj. The arrest was conducted in the presence of four U.S. law enforcement agents, local media reported.
According to the publications, Nistor is now awaiting a decision by the Bucharest Court of Appeal regarding his extradition to the United States....
Over the past 72 hours, bomb threats attempting to extort Bitcoin (BTC) from business owners and governmental agencies have taken the world by storm, affecting thousands across Canada, the U.S., and New Zealand. Although the threats have begun to recede from the limelight in the western world, the issue may only be getting started across the Pacific Ocean in Asia.
According to an exclusive report from the South China Morning Post (SCMP), an English news outlet centered around Asias happenings, bomb threats requesting BTC have arrived in the inboxes of a number of Hong Kong firms. As Michael Gazeley, CEO of Network Box, burned the candle on both ends on Friday, he purportedly saw a foreboding message land in his business email, telling the SCMP that he was shocked. This message was, of course, a threat from an anonymous group(s) asking for $20,000 U.S. worth of cryptocurrency in an apparent shakedown.
If the specified sum, dubbed a security fee by the group(s), wasnt sent to the senders address, the terrorists claimed that they would bomb Network Boxs offices. In an interview with the outlet, Gazeley, obviously perturbed by the occurrence noted:
This looks like the third wave of blackmail emails plaguing the world in the past few years I have never seen something like this, which sounds like cyberterrorism, in my 20-year career in cybersecurity.
Yet, the cybersecurity expert went on to add that he was 99.999 percent confident that the message wasnt worth its water, so to speak. Gazeley drew attention to the layout, language, and the poor grammar contained within the email accentuating that this message is nothing more than a poor attempt at a money grab scheme.
Hong Kong authorities have yet to comment on this odd Bitcoin-related case, so it remains to be seen how many businesses came under fire. Yet, a representative from the IT branch of Hong Kongs legislative council lambasted this new scam format, stating that scammers need to be smarter, making it clear that such a form of extortion is ineffective and baseless.
This news comes just days after this same issue struck businesses throughout North America. As reported by...
Bitcoin price is forming a short term base near $3,120 against the US Dollar. BTC/USD is likely to test the $3,380-3,400 resistance zone before declining once again.
This past week, bitcoin price remained in a slow and steady downtrend from the $3,640 high against the US Dollar. The BTC/USD pair traded lower and broke the $3,400 and $3,320 support levels. The decline gained pace and the price traded to a new yearly low at $3,126. Later, it consolidated above $3,126 for a few sessions before correcting higher. It moved above the $3,200 resistance, but it is well below the 100 simple moving average (4-hours).
During the rise, it almost broke the 23.6% Fib retracement level of the last slide from the $3,642 high to $3,126 low. Moreover, there was a break above a key bearish trend line with resistance at $3,220 on the 4-hours chart of the BTC/USD pair. However, it seems like buyers are struggling to gain pace above the $3,250 level. The first hurdle for buyers is near the $3,320 level (the previous support). The next is $3,380 and the 50% Fib retracement level of the last slide from the $3,642 high to $3,126 low. A successful break above $3,380 and the $3,400 is needed for buyers to gain bullish momentum.
Looking at the chart, BTC price could correct higher towards $3,380, but more upsides wont be easy. On the downside, the $3,200 and $3,126 levels are decent supports, followed by $3,000.
Looking at the technical indicators:
4-hours MACD The MACD for BTC/USD is slowly moving in the bullish zone.
4-hours RSI (Relative Strength Index) The RSI is just near the 50 level.
Major Support Level $3,200
Major Resistance Level $3,400
The post Bitcoin Price Weekly...
Ethereum price failed to gain bullish momentum versus the US Dollar and Bitcoin. ETH/USD remains a sell near the $98-100 resistance area in the near term.
This past week, ETH price started a downside move after trading as high as $98 against the US Dollar. The ETH/USD pair declined below the $90 and $84 support levels. The decline was such that the price traded close to the $80 support level. Later, the price recovered above $82, but it is still well below the 100 simple moving average (4-hours). Buyers recently pushed the price above the 23.6% Fib retracement level of the last decline from the $98 high to $80 low.
Moreover, there was a break above a major bearish trend line with resistance at $84 on the 4-hours chart of ETH/USD. The pair is currently trading above the $85 level, but there are many hurdles on the upside near the $89, $90, $95, $98 and $100 levels. An initial resistance is $89 and the 50% Fib retracement level of the last decline from the $98 high to $80 low. However, the main resistance is near the $98 level and the 100 simple moving average (4-hours).
The above chart indicates that ETH price might move a few points above $85 and $90. Having said that, it is likely to face a strong selling interest near the $98-100 zone. On the downside, the main supports are at $81 and $80.
4-hours MACD The MACD just moved positively in the bullish zone.
4-hours RSI The RSI recently jumped above the 50 level.
Major Support Level $80
Major Resistance Level $98
The post Ethereum Price Weekly Analysis: Upsides in ETH Remains Capped Near $98 appeared first on NewsBTC.
On Friday, Dec. 14, Bitcoin Cash developer Mark Lundeberg announced his new project Openswap, a fork of the Electron Cash client that features atomic swap functionality. Lundebergs been working on the Openswap software for months and the tool can perform swaps between bitcoin cash (BCH) and BTC in a trustless fashion.
Mark Lundeberg has revealed a new project hes been working on and has published the softwares open source framework. According to the developer, the Openswap protocol is a clone of the Electron Cash light client but also offers a few different features. The Openswap software has an atomic swap platform, onchain private messaging (BCH messages that use encrypted OP_RETURN payloads), and also includes BTC wallet support. Lundebergs first iteration which he plans on releasing soon will contain a basic walkthrough of the atomic swap process and the ability to trade BCH for BTC or vice-versa. The onchain m...
A Barclays Intrapreneur stated that blockchain systems should be built with regulatory compliance in mind
According to a Cluj, Romania-based newspaper, the case of bitcoin exchange executive Vlad Nistor is much deeper than the simple illegal operation of a cryptocurrency firm. Their most recent report on the case speaks to some much more serious allegations as to the behavior of Vlad Nistor. More Details Emerge in Bitcoin Exchange CoinFlux CEOs
The post Romanian Bitcoin Exchange CEO Helped Launder Stolen Funds: Report appeared first on CCN
Co-founded by veteran game developer Brian Fargo, Robot Cache will purportedly be the first blockchain-based digital marketplace for video games. Brian Fargo Launches Blockchain-Based Steam Competitor The PC games platform is set to launch sometime in 2019 but has already signed up 22 publishers and 700 games for its blockchain-based competitor to Steam. Robot Cache
The post Wasteland Directors New Blockchain Gaming Store Signs up 22 Publishers appeared first on CCN
Facebook has embarked on an aggressive hiring spree to woo crypto experts to expand its blockchain group amid speculation that the social media monopoly is considering launching its own cryptocurrency. Facebook formed its blockchain unit in April 2018 with David Marcus, the former president of PayPal and VP at Messenger. Marcus is a longtime cryptocurrency advocate and
The post Facebook Aggressively Hiring Blockchain Devs, Discussed Launching Cryptocurrency: Report appeared first on CCN
The Swiss government has announced a new legislative approach to blockchain regulation in an official report. The document recognizes the technology as one of the most important recent developments for the financial sector in stimulating the countrys economy.
According to the report, the Swiss Federal Councils main focus is on ensuring the integrity and reputation of Switzerland as a financial center and on better positioning the country to exploit the opportunities offered by digitalization.
The governments plan is to create the best possible legal framework conditions so the country can continue to evolve as a leading and sustainable destination for fintech, blockchain, and innovative companies in a number of fields.
Although the report discusses the risk of cryptocurrencies being used for illegal purposes like the financing of terrorism, it maintains a positive attitude towards the technology, noting that the countrys laws should be amended to recognize encrypted digital tokens that are not backed by any physical assets. The Federal Council also made clear that it wants decentralized financial transactions to have a place in the legal code.
Speculation on future adoption is a substantial Bitcoin price driver, while actual utility is not, according to BitPay CEO Stephen Pair
In January of last year, the U.S. stock market went through one of the largest bull markets in recent history, with technology stocks like Alphabet and Apple achieving record high numbers. Within the past two years, the stock price of Apple (AAPL) increased from $115 to $165, by 43.7 percent. Alphabet (GOOGL), the parent company
The post Downturn or Not, Bitcoin Has Still Outperformed Apple Since Last January appeared first on CCN
Cryptocurrency data website Coin Dance revealed on Friday the teams revamped Bitcoin Cash protocol development tracking page. Interested proponents can get a comprehensive look at all the completed BCH developments, proposals, ideas that are being discussed, and concepts that are currently under development.
The analytical website Coin Dance has added a lot more detail to the sites development section. The Bitcoin Cash protocol development tracking page expands upon a list of development discussions, proposals, and code thats being developed right now. For example, there are currently 12 featured concepts under development by the groups of developers who help the BCH protocol prosper. Developers from groups like the Cashshuffle developers, Bitcoin ABC, and Bitcoin Unlimited (BU) have all contributed to the maturing i...
In the past 24 hours Bitcoin briefly dropped under the $3.2K mark, and top cryptocurrencies reported moderated losses
The Depository Trust & Clearing Corporation or DTCC issues a report every year on the stability of the global financial system and has done so every year since 2013. It describes this report in these terms: [T]he DTCC Systemic Risk Barometer Survey serves as an annual pulse check to monitor existing and emerging risks that
The post Blockchain is a Systemic Risk for Financial Industry: DTCC Exec. appeared first on CCN
From IBM Food Trust to South Korean government - here is how blockchain is used in the food industry
Linkedin has published its 2018 Emerging Jobs Report for the United States, in which it names Blockchain Developer as the most rapidly emerging employment position of the past year. According to the report, the position saw growth of 33x on Linkedins platform during 2018.
Hackers have devised a new way to steal your cryptocurrencies. This time, they are running a massive scanning campaign to pick out Ethereum wallets and miners with a specific vulnerability. Per reports on ZDNet, crypto hackers are targeting Etherum wallet and mining equipment going through devices with an exposed port 8545, the standard port for
The post PSA: If You Mine Ethereum, Youre a Target for Crypto Hackers appeared first on CCN
Every time you convert Bitcoin to anything, be it goods or services, other cryptocurrencies, or even tax payments, it might be a taxable event, depending on your local regulations. Its not something a lot of cryptonaughts think about when carrying out their daily lives, but potential penalties can be steep for tax evasion. Node40 is
The post Bitcoin Tax Confusion Has Accountants Turning to Specialized Software appeared first on CCN
The current crypto bear market is dragging on, with billions in cryptocurrency wealth wiped out in 2018. The trading volume of six year-old Coinbase has hit a yearly low. Despite the crypto winter, the company is continuing to raise funds and has reached an impressive valuation of $8 billion. But is this figure justified and will Coinbase meet the $1.3 billion in revenue its projected for 2018?
In 2017, Coi...
On Friday, as the Bitcoin price fell by around six percent against the U.S. dollar, several reports claimed that the dominant cryptocurrency dropped in value due to bomb threats. One report from Business Insider Australia, for instance, stated that following an email blast of bomb threats in New York, the price of the crypto asset
The post No, the Price of Bitcoin Didnt Drop Because of Bomb Threats appeared first on CCN
The Satoshi Revolution: A Revolution of Rising Expectations
Section 5: Saving the World Through Anarchism
Chapter 11, Part 9
From Drugs to Gold and Prostitution, the Blockchain Minimizes Violence
The most obvious objection to relying on self-defenseand restitution to prevent and rectify rights violations, is that these measures will be inadequate to deter criminalsMost people fail to appreciate the fundamental obstacles placed in the path of crime prevention by the perverse logic of public property, public law enforcement, and public imprisonment. Step one: start with public streets, sidewalks, and parks where every citizen must be permitted unless proved guilty of a crime. Step two: rely on an inherently inefficient public bureaucracy to catch, prosecute, and try those criminals against whom enough evidence of guilt exists. Step three: should they be convicted, subject criminals to the dangerous, unproductive, and sometimes uncontrollable setting of public prisons to prevent them from engaging in further misconduct. Step four: periodically release most prisoners back into the community and then return to step one and repeat the cycle.
Randy Barnett, The Structure of Liberty: Justice and the Rule of Law
The state manufactures criminals. Then it centralizes and monopolizes a solution to the problem of crime, for which it is largely responsible. Put aside the manufacture of false criminalsthat is, peaceful people who are considered to be immoral or unpatriotic or otherwise living their lives in an unacceptable way. The state factory also creates real career criminalspeople who habitually initiate or threaten violence for profit. (For a discussion of fraud, please see...
A person claiming to be the designated reporter for an Augur predictions market which asked the question Which party will control the House after 2018 U.S. Midterm Election? has posted to Reddit saying that he will be reporting that the Republicans control the house today. The market ends today, 12/10, and the Decmocrats, who won
The post Augur House Elections Market: Alleged Reporter Says Republicans Won The Market appeared first on CCN
In certain countries, malware that uses infected hardware for unauthorized crypto mining is increasingly becoming the top cyber threat
The Financial Services Agency of Japan has resolved to refer to cryptocurrencies as crypto assets in order to prevent confusion with legal tender. Also in The Daily, the Justice Ministry in Moscow has confirmed that it classifies digital coins as other property. Finally, according to a recent report, stablecoins have seen significant growth over the past few months.
Japans Financial Services Agency (FSA) has decided to call all cryptocurrencies crypto assets, the countrys leading daily Yomiuri Shimbun reported. The reasoning behind the decision is to help traders avoid confusing digital coins with legal tender recognized by the government in Tokyo. The regulator notes the price of many cryptos fluctuates wildly, theres no evidence of value and its often unclear who is issuing them.
Increasingly frequent action taken by the SEC against initial coin offerings is expected to lead to more cryptocurrency projects being forced to refund investors. Among those expected to be affected is the first U.S.-based cryptocurrency investment firm, Pantera Capital, with the company bracing to receive refunds on a quarter of its ICO investments.
In a letter written by Dan Morehead and Joey Krug, Panteras co-chief investment officers...
Coinbase the largest US-based cryptocurrency exchange partnered with payments platform PayPal to enable instant, free crypto-to-cash withdrawals for US customers. This means customers can now move the crypto balances in their Coinbase accounts to their PayPal accounts immediately, at no charge. These withdrawals are not only fast; theyre free and incur no fees,
The post US Coinbase Customers Can Make Instant, Free Crypto-To-Cash Transfers to PayPal appeared first on CCN
After a month of wild volatility and 'hash wars,' the public still has yet to pick a clear favorite out of the two new bitcoin cash forks.
Hundreds of government buildings, schools and businesses in the United States and Canada were on Thursday targets of extortionists who threatened to detonate explosives unless they were paid thousands of dollars in bitcoin. In most of the emailed bomb threats, the sender claimed that they had an associate who had planted an explosive device at
The post Bitcoin Bomb Threats Target Educational Institutions, Businesses and Govt. Buildings in US, Canada appeared first on CCN
Bitcoin is activism, not a get rich quick scheme or a startup platform, says Lamassu's Zach Harvey.
Bitcoin tumbled to a 15-month low today. Ethereum has all-but petered out. Heavyweights like ConsenSys are laying off staff, and many ICO startups are running out of cash before launching their products. You have to admit, things dont look particularly good from any angle. But while crypto investors are getting used to bracing before they
The post What Crypto Winter? Its Perfectly Sunny for Luno with 40 New Jobs Open appeared first on CCN
2. Ethereum update.
6. Roland Fryer update (NYT).
In the past seven days, the valuation of the crypto market has dropped from $117 billion to $102 billion, by just over $15 billion. Major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) performed poorly against the U.S. dollar, experiencing losses above the 10 percent mark. Out of the three most valuable crypto assets
The post Crypto Market Risks Dip Below $100 Billion After Dropping $15 Billion in Bad Week appeared first on CCN
As predicted yesterday crypto markets have dumped to a new low during intraday trading. A minor recovery during the week could not be sustained and total market capitalization has fallen to a new low of $101 billion a few hours ago.
Bitcoin led the drop when it fell through support at $3,400 a couple of days ago and kept going back down to a new 2018 low of $3,205 at 22.00 UTC. A quick bounce took it back to $3,250 but Bitcoin is still at its cheapest price for 16 months.
Needless to say Ethereum has also been smashed dropping to a low of $83 before recovering back to a very weak $85. The rest of the altcoins are all in pain during Asian trading today. The top ten is a sea of red and as usual the Bitcoin Cash twins are getting hammered with BCH dumping 10% and BSV 12%. EOS and Litecoin have stopped falling at the time of writing but the rest are down a couple of percent.
The top twenty is all in the red also with Monero and Nem getting hit the hardest dropping around 7% each. The rest are down 2-4 percent since yesterday and are at rock bottom prices for the year.
There are only two altcoins getting a fomo pump at the moment, Waves and Revain are up about 10% right now. Syscoin has entered the top one hundred with a big pump today but it is likely to do the exact opposite tomorrow. DEX is getting smashed at the other end of the table with a 40% dump on the day. MobileGo is also having a bad day with a 20% drop.
Total market capitalization is down another 3% on the day and is currently around $103 billion. A new 2018 low was made a few hours ago of $101 billion and as things stand market cap will be double digits very soon. Over 9% has been lost from crypto markets since last weekend and almost 45% since the same time last month. The selloff does not seem to be abating and things are not even stabilizing at a bottom down is the only direction for cryptocurrencies at the moment.
FOMO Moments is a section that takes a daily look at the top 20 altcoins during the current trading session and analyses the best performing ones, looking for trends and possible fundamentals.
The post Another Day Another New Low For Crypto Markets appeared...
The Blockchain Transparency Institute (BTI) has published its December 2018 Exchange Volumes Report, claiming that only two of the top 25 cryptocurrency exchanges by reported volume on Coinmarketcap pairings accurately report their trade volume. The report also asserts that wash-trading is estimated to comprise 99 percent of the purported volume for 12 of the top 25 cryptocurrency pairings by reported volume.
According to the BTIs December report, the two largest exchanges by trade volume are Binance and Bitfinex, both of which the repo...
Gab, a social network dedicated to preserving freedom of speech, has announced that its store now accepts BTC directly after banks and payment processors denied the platform service. Literally no one can no-platform our new crypto shop, Gab announced. The platform integrated Btcpay Server after it was refused service by Coinbase and Bitpay.
Social network platform Gab announced on Thursday that its integration of Btcpay Server has been completed. Its store now accepts payments in BTC and LTC.
Launched as a free-speech alternative to Twitter in August 2016, this fast-growing website is currently used by several alt-right and libertarian personalities who have been censored from using popular social networks. Among Gabs users are Alex Jones, Ann Coulter, Stefan Molyneux, and Milo Yiannopoulos.
Gab offers free accounts as well as four levels of pro membership, which are three months for $15, six months for $30, one year for $60, and five years for $200. Gabs store also sells $25 Make Speech Free Again ballcaps...
Timothy Enneking is the founder and the primary principal of Digital Capital Management, LLC (DCM). - Two members of the Rothschild family are credited, perhaps incorrectly, with the (in)famous quote regarding investing: When there is blood in the street (James in the mid-19th century and Nathan, after the battle of Waterloo). The family has been 
Telecoms conglomerate AT&T is seeking a patent for a blockchain system that enables users to track micro-culture transactions on social networks
Status is laying off 25 percent of its staff, saying that those roles are non-essential to the companys long-term growth projects
Bitcoin bull Thomas Lee continues to be confident in BTC, insisting that its current price is wrong and should actually be closer to the $15,000 mark. Along with a number of other bulls, Lee has made several overly hopeful predictions this year.
Thomas Lee, the head of research at Fundstrat Global Advisors, is a major BTC bull. Due to the number of active wallet addresses, usage per account, and other factors, Lee has said BTC should be worth around $14,800, rather than the $3,200 at the time of writing. The executive said: Fair value is sign...
According to Barry Silbert, the founder and CEO of Digital Currency Group (DCG), many venture capital funding deals in the crypto sector have fallen apart in the past few months as a result of the 12-month bear market. Silbert, who oversees the operations of one of the largest venture capital firms in crypto with investments
The post Crypto VC Funding Deals are Falling Apart Due to Bear Market Bad Time For Startups appeared first on CCN
The Binance Labs Incubation Program has graduated its first batch of eight blockchain projects
The CEO of crypto exchange Coinflux was reportedly arrested for fraudulent activity on a warrant from the U.S.
BitPay CEO Stephen Pair has stated that speculation drives a substantial part of bitcoins current valuation, while the actual use of the crypto market leader as a currency is responsible for only a relatively small fraction of its price. Speaking on CNBCs Squawk Box, Pair revealed that BitPay intends to change this situation significantly over
The post Bitcoin Price Driven More by Speculation Than Utility: BitPay CEO appeared first on CCN
Reportedly planned only for inter-bank transactions between two countries
The post Saudi Arabia Joins UAE to Issue Joint Cryptocurrency appeared first on Alternative News Network.
The TRON Foundation launched its TRC20 exchange this week. It is a place for people to exchange tokens issued on the TRON platform. The TRC20 exchange is located at TRX.market. The TRC10 token exchange is still on Tronscan, the primary block explorer and information service for the Tron ecosystem. TRC20 and TRC10 tokens can be Continued
The post Tron DApp Usage Jumps 48% More Than 1 Million Transactions Last Week appeared first on CCN
The Orion Span project has plans to launch a space station that will be used as a luxury hotel. Its Aurora space station is set to launch in early 2022 and a 12-night stay on the craft will set you back $9.5 million. The space hotel says it has sold out its first six months of reservations and the project is accepting cryptocurrencies that include bitcoin cash (BCH) for 12-night packages.
Ever since NASA landed on the moon and other governments launched citizens into space, a number of companies in the private sector have sought to send people into orbit. A project called Orion Span plans to develop a space station and use the craft as a hotel so millionaires and billionaires can spend a few nights outside the Earths...
U.S.-based crypto exchange Coinbase introduced cash balance withdrawals to PayPal; the exchange will roll out the service in other countries sometime in 2019
Telecom giant AT&T has filed a blockchain-oriented patent application to map social media histories. Titled Blockchain-Based Social Media History Maps, and published on Thursday, it describes a system of tracking social media history on behalf of subscribers. Presumably, such a service would be most useful to employers and prospective employers. AT&T Eyes Blockchain for Social Continued
The post AT&T Wants to Create a Blockchain Map of Your Social Media History appeared first on CCN
French stock market regulator AMF has blacklisted four crypto-related websites for offering investment schemes without proper authorization
Although the crypto markets are caught in a persisting bear market, blockchain jobs are in a raging bull market, with blockchain developer job growth topping this years LinkedIn Emerging Jobs Report.
The report, which was released by LinkedIn on December 13th, analyzes the fastest growing jobs in the US, and notes that the blockchain industry was the fastest growing job market in 2018.
Although the cryptocurrency markets have faltered throughout 2018 and are currently sitting at their lowest price levels since mid-2017, the blockchain development industry is thriving.
The LinkedIn report notes that in the United States, blockchain developer jobs saw 33x growth in 2018, significantly more than the second fastest growing job of machine learning engineers, which grew by 12x throughout the year.
The report notes that within the blockchain development sector, the most widely sought-after skills are knowledge and experience with Solidity (smart contracts), blockchain technology, Ethereum, cryptocurrency, and Node.js.
Within the market, most of the demand for workers with skills and a knowledge base in the aforementioned technologies stemmed from three main companies, including IBM, ConsenSys, and Chainyard, and three main cities, including San Francisco, New York City, and Atlanta.
Although the demand for blockchain developers is incredibly high, the crypto rout has undeniably stagnated this growth, as many companies in the blockchain sector have been impacted by the market crash.
ConsenSys, who LinkedIn notes as being one of the biggest blockchain employers, recently underwent a company restructuring that resulted in 13% of the companys staff being cut.
The restructuring, which has been dubbed as ConsenSys 2.0 by the companys leaders, will result in more rigorous milestones and will lead to increased focus on the projects with the most long-term potential, while the more experimental and risky projects will be cut.
Although the blockchain industry may be starting to feel some pressure resulting from the cryptocurrency market crash, it still has a significant amount of growth ahead of it.
A separatist government in Cameroons semi-autonomous English-speaking southern region of Ambazonia has announced the launch of a new sovereign cryptocurrency called AmbaCoin (AMBA). Operating on the ERC-20 standard, AmbaCoin is being touted as the official currency of the Federal Republic of Ambazonia, the currently unrecognised country that separatists are pushing to actualise. QZ Africa reports Continued
The post Cameroon Separatists Create Cryptocurrency Called AmbaCoin appeared first on CCN
Jeremy Allaire, co-founder of crypto finance company Circle, believes that Bitcoin will be worth a great deal more in three years
The Central Bank of Bahrain (CBB) has prepared draft rules designed to regulate digital assets and certain aspects of the countrys crypto industry. The move aims to establish Bahrain as a regional leader in the fintech sector and restore its role as a major banking hub in the Persian Gulf.
The regulations have been released for consultation and the bank has set Dec. 31 as the deadline for providing feedback. The proposals have been published on the banks website, local media reported.
The comprehensive rules cover the implementation of a licensing regime for companies operating cryptocurrency trading platforms. A supervisory mechanism for...
In a newsletter to clients sent on Thursday, Pantera Capital CEO Dan Morehead revealed that one in four initial coin offering (ICO) projects the firm has invested in could be considered as securities under U.S. regulations. Morehead wrote: While we believe the vast majority of the projects in our portfolio should not be affected, approximately Continued
The post Billion-Dollar Crypto Fund Says 25% of ICOs in its Fund Could be Securities appeared first on CCN
Coinbase customers in the U.S. can now make withdrawals into their PayPal accounts.
The Swiss Bundesrat said that existing financial law in the country suits the blockchain industry, but needs some tech-specific adjustments
One of the youngest cryptocurrency success stories has a rather bleak outlook for the leading digital asset, Bitcoin. Erik Finman became a millionaire in his teens by investing money that his grandmother had gifted him, starting as early as 2011.
At the height of the Bitcoin bull market of 2017, Finmans stack was worth an impressive $4 million. There is no indication just how much much of this he still holds, however.
Erik Finman hit headlines this January for his remarkable story. Starting in 2011, the then 12-year-old was buying cryptocurrency with some money his grandmother had given to him. According to a report in Market Watch, by catching on to the technological innovation early, the teenager was able to turn just $1,000 into over $4 million.
Despite being the cause of his success, Finman is now of the opinion that Bitcoin is in trouble:
Bitcoin is dead, its too fragmented, theres tons of infighting I just dont think it will last It may have a bull market or two left in it, but long-term, its dead.
Interestingly enough, much of the infighting within Bitcoin has actually died down since the August hard fork last year, which created Bitcoin Cash. This is because many of those arguing for scaling by increasing the size of the blocks themselves left the community to support and use the offshoot currency, evangelised by Roger Ver and Craig Fake Satoshi Wright.
Bizarrely, the teenage investor believes that Bitcoin Cash is actually a better bet than the original Bitcoin. He told the publication that it had great technology but had been marketed terribly. It seems strange that Finman would critique Bitcoins infighting and be more optimistic about Bitcoin Cash when it was the latter that has just undergone a far uglier hard fork than that of last August. This recent incident involved threats of 51% attacks and plenty of other mudslinging.
The bitcoin price will rocket over the next three years, and cryptocurrency valuations will spike accordingly, says Jeremy Allaire, the co-founder and CEO of Circle, a peer-to-peer payments technology company backed by Goldman Sachs. While Allaire was reticent to set a specific bitcoin price target, he predicts that its value will unquestionably be a lot higher in Continued
The post Bitcoin Price Will Soar over Next Three Years: Circle CEO Jeremy Allaire appeared first on CCN
The European Parliament has released a provisional resolution calling for increased adoption of blockchain technology in trade
Speaking as part of a testimony to the United States Senate Committee on Banking, Housing, and Urban Development, the chairman of the U.S. Securities and Exchange Commission Jay Clayton expressed optimism that the distributed ledger technology (DLT) sector will facilitate capital formation. Clayton also discussed the enforcement actions taken by the SEC in regulating initial coin offerings (ICOs).
Jay Clayton stated that he is optimistic that the developing DLT sector will facilitate capital formation and provide investment opportunities for both institutional and Main Street investors.
The SEC chairman praised the commissions regulatory apparatus pertaining to cryp...
In the second part of Lukes interview with our man on the ground Bob in France. He believes the Yellow Vests are just getting started and they can change the world.
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The number of crypto users doubled by Q3 2018, according to new research. Does this signal a likely recovery in the near future? Lets look at the charts
Robinhood, the crypto-friendly stock trading application, recently launched a plan to offer checking and savings accounts. The accounts have a minimum 3% interest. It is part of their plan to become the worlds most used financial technology application. Co-CEO Baiju Bhatt said to CNBC at the time of the announcement: If we roll this product Continued
The post Robinhood Didnt Consult Regulators on New Checking & Savings Account Products appeared first on CCN
Bakkt CEO, Kelly Loeffler, and the Intercontinental Exchange chairman, Jeff Sprecher, recently spoke to MIT Media Labs Michael Casey at CoinDesks Consensus: Invest Conference. The chat was broadcast via the Inside the ICE House podcast earlier today.
The two CEOs talked in depth about their plans for the much-anticipated Bakkt platform, including what makes it different to other products already out there today, and why it will only focus on Bitcoin to begin with.
The conversation between Loeffler, Sprecher, and Casey began with a simple enough question: Does price matter to you?
Loeffler responded first that it made little difference to the use of digital assets what they were priced at. The CEO went on to muse about the future of crypto more generally, particularly set within the context of the current bear market:
When I think about what were doing at Bakkt what our peers in this space are doing, what all of you in this room are doing, I think about the headlines today, Will Digital Assets Survive? and Id say the unequivocal answer is yes.
This led smoothly on to perhaps the most oft-repeated topic of conversation during the presentation. Both Loeffler and Sprecher hold that the most important thing Bakkt would bring to digital currency was fully regulated price discovery for the first time ever. This, the pair agreed, was the primary focus of the platform. Sprecher stated:
We develop systems where there can be transparent and competent price discovery.
Loeffler added that institutions needed certainty before they would take the plunge into the world of cryptocurrency. One way of achieving such certainty was by being fully regulatory compliant at the Federal level something that Bakkt is keen to achieve.
Another way to inspire confidence from the various institutions that the ICE networks with is by having a price discovery method that is free from manipulation. Since Bitcoin is the only digital asset currently recognised by the US government as a ...
The central bank of Bahrain has kicked off a consultative process on cryptocurrency platforms in the kingdom by publishing the relevant draft regulations. According to the Bahrain News Agency, the draft rules which target the operations of crypto-asset platforms aim to provide a regulatory framework for the supervision and licensing of these services. Continued
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Nick Spanos is an early adopter and innovator in the
blockchain space. He is best known for launching Bitcoin Center
NYC, the worlds first live cryptocurrency exchange, in 2013, right
next to the New York Stock Exchange as immortalized in the Netflix
documentary Banking on Bitcoin. As part of Bitcoin Magazines series
of interviews and op eds leading up to the 10th Anniversary of
Bitcoin, Nick shares his thoughts an early Bitcoin
Before Bitcoin, I worked tirelessly for liberty-minded political candidates for many years. These candidates, the most prominent of whom was Dr. Ron Paul, spoke out against the Federal Reserve Bank because of its role in inflating the money supply which devalued the life savings of hard-working people. In almost every case, the mass media would sharply (and often unfairly) attack the image of the candidate with half-truths and misinformation, decimating our poll numbers, until they were sure that we would be defeated on Election Day. No matter how hard we worked or how much money we raised, we were no match for what I call the political bosses of today, the mainstream media.
After two decades of struggle, I thought I had wasted my life fighting unwinnable battles. Then one day, I read the Bitcoin white paper. I read it half a dozen times and I thought, Finally, I have a weapon that cannot be destroyed on Election Day.
Bitcoin for me is not an instrument for financial investment. Bitcoin for me is a declaration of our monetary independence.
When I started the Bitcoin Center in 2013, I had a flourishing real estate business in downtown New York. I had an established career in developing technologies for political campaigns. Because of bitcoins reputation in the mainstream media back then, I knew that many of my relationships would be destroyed if I emerged as a public figure in the cryptocurrency space.
When I launched the center, a press release was sent out revealing me as the founder even though I never wanted that information to go public. Immediately, concerned friends and family started calling me, asking me what I was getting myself into and wondering if I had lost my mind. Bitcoin was for illicit activities on the internet, they told me. This is nothing but video game money, said others.
My life mission of personal freedom was more powerful than anything anyone could ever say to me.
I knew I had to bring Bitcoin out of the back alleys and onto Wall Street for the world to take it seriously. So, for many years, by day, we taught reporters, stockbrokers, students, technologists and tour groups about bitcoin, for free, and by night, bitcoin and other cryptocurrencies were traded on the worlds first live cryptocurren...
Binance announced Friday that it would be adding a few new USD Coin pairs and moving its two existing USDC pairs into the combined stablecoin market called USD. Both ripple (XRP) and stellar (XLM) will have USD Coin pairs, in addition to their existing stablecoin pairs. The move involves the cancelling of any trades that
The post Binance Adds USDC Trading Pairs Stellar and Ripple Represented appeared first on CCN
Following its recent period of instability, Bitcoin has now plunged to new 2018 lows and has sent the altcoin markets spiraling downwards. Todays drop has led the overall cryptocurrency market capitalization down to $102 billion, a level not seen since August of 2017.
At the time of writing, Bitcoin (BTC) is trading down nearly 6% at its current price of $3,230, down from its 24-hour highs of $3,430. Bitcoins previous 2018 low was set on December 7th when it fell to just under $3,300.
The markets current instability is leading to a general consensus among analysts that it is only a matter of time before Bitcoin falls below the important psychological price level of $3,000.
Bitcoin looks set to fall below $3,000 in the short-term with the $2,970 Sept. 15, 2017, swing-low the next target. Below here, horizontal support at $1,760 off the July 18  low comes into play in the longer-term.
DonAlt (@CryptoDonAlt), a popular cryptocurrency analyst on Twitter, told his nearly-80 thousand followers that he also expects BTC to dip into the $2,000 region, with a good buy target being at the $2,700 level.
As BTC is approaching the target of the 2014 fractal the targets of most people change from 3k to 1k and even lower. I still think 2.7k is an excellent place to buy if we should go there, he said, further adding that right now is not the best place to add new short positions.
Bitcoins instability has led the vast majority of altcoins to plummet, with Bitcoin Cash and Stellar Lumens leading todays market plunge.
At the time of writing, Bitcoin Cash (BCH) is trading down 15% at its current price of $82, setting a fresh all-time-low. Ever since Bitcoin Cashs hard fork event on November 15th, the cryptocurrency has been spiraling downwards, and is showing few signs of fundamental strength as...
A soccer club from the Brazilian premier league, Atletico Mineiro, joins Paris Saint-Germain and Juventus in launching its own fan token
Nym Technologies, a stealth startup sporting a roster of privacy activists and cryptography experts, plans "to anonymize the world."
Cubits, a London-based digital asset trading platform, has been forced into administration after fraudsters reportedly stole 29 million (about $32.5 million) from the exchange in February. The company claimed it fell victim to an elaborate scam orchestrated in collusion with three of its clients.
The administration means that investors cannot deposit or withdraw funds until further notice. Its not clear how much worth of bitcoin the exchange was holding on behalf of customers at the time of closure.
Cubits has now appointed Steve Parker and Trevor Binyon of Opus Restructuring & Insolvency as joint administrators. In a statement, the company said it had failed to recover from the criminal act, which involved the accounts of three customers.
Around this time last year, many retail crypto investors subscribed to the economic theory that cryptocurrency hard forks the ones that result in irreversible network splits and create new blockchains were a net positive for their portfolios. How could they not be? they asked. Its free money! Indeed, at that point, the two
The post Bitcoin Cash Price Continues to Crater as Fork Aftertaste Lingers appeared first on CCN
New crypto regulations, including license requirements for cryptocurrency service providers, have been drafted by Bahrains central bank
Bitcoin was designed in the wake of the 2008 global economic crisis as a way to take control over money away from central authorities such as governments, banks, and other traditional systems. The decentralized design could also prevent communist countries like China from establishing control over their citizens money.
However, the very technology powering crypto may be arming central authorities with even more control over the population and their money, which CoinShares Chief Strategy Officer Meltem Dimirors says may slowly be making her dystopian nightmares a reality.
In a tweet this morning, CoinShares Chief Strategy Officer and Head of Treasury Meltem Demirors shared her fears that recent moves by governments like Venezuela and China, could be bringing her dystopian nightmares closer to reality.
Related Reading | Venezuelan President Orders Banks to Adopt Petro
Demirors is referencing both Venezuela forcing its citizens to transact with the countrys native, oil-backed cryptocurrency token, and Chinas plan to introduce its own digital currency that it will use to monitor and control the usage of its citizens.
Not only will China begin using their own digital currency, but according to Fan Yifei, the deputy governor of Chinas central bank, the Peoples Bank of China (PBoC), the new digital currency will also entirely replace cash. Without fiat paper currency Chinese citizens will have every transaction closely monitored and will be subject to the governments control.
Former PBoC governor Zhou Xiaochuan set the project in motion before retiring earlier this year, as...
In what is becoming a disturbingly common occurrence, the bitcoin price on Friday set yet another fresh yearly low, slinking below the $3,200 mark for the first time in 2018. The flagship cryptocurrencys move below $3,200 came shortly after 16:10 UTC, following an unsuccessful breakout attempt earlier in the week. As of the time of Continued
The post Newsflash: Bitcoin Price Slinks Below $3,175 for First Time in 2018 appeared first on CCN
Citing the crypto bear market, Status.IM has laid off 25 staffers and asked remaining employees to take a pay cut.
Digital asset prices have been dipping in value again after a few days of price consolidation. At the moment, the entire cryptocurrency economy is awfully close to dropping under the psychological $100 billion market valuation. Furthermore, since our last markets update cryptocurrency global trade volumes are weaker than usual, with only $11.5 billion worth of assets traded over the last 24 hours.
Crypto-market prices are sliding again as the top 10 digital assets have seen 24-hour losses between 2-13%. At the time of publication, the entire market capitalization of all the coins in existence is $104.2 billion today. Currently, bitcoin core (BTC) prices are down 3.8%, on Friday, and 2.8% over the course of the last week. This gives BTC a global average price of about $3,302 and the value is lower on certain exchanges. Moreover, bitcoin core has a market valuation of about $57.5 billion which is 55% dominance over the entire digital asset economy....
Blockchain and crypto projects that raised millions of dollars via tokenized crowdfunding means are now lining up to return their capital to their original investors. Because apparently, they were not allowed to raise funds in the first place.
The Securities and Exchange Commission (SEC) has gone after these startups for reportedly violating existing securities laws. The US regulator found irregularities in the way companies raised funds, mainly by approaching average Joes instead of sophisticated, accredited investors to raise capital. As a result, the commission issued heavy penalties against the accused blockchain projects, which include the order of returning funds to the investors.
Read this and think through the implications. We called this publicly as soon as the Airfox and Paragon enforcement actions were announced. There are many more shoes to drop for this narrative. https://t.co/3cHtpmr0Ka
Travis Kling (@Travis_Kling) December 13, 2018
It could be one of the reasons why even the most genuine startups could see massive declines in their token values. The funds that backed these unregistered assets may no longer be there to return them. Even the hedge fund managers that incorporated them into their crypto portfolios at the first place are now doubtful of their future.
Dan Morehead and Joey Krug, co-chief investment officers of Pantera Capital Management, revealed in their newsletter that their fund invested in 25% of the blockchain projects that violated the US securities law, adding that they may have to refund their backers.
If any of these projects are deemed to be securities, the SECs position could adversely affect them, they wrote. Of these projects, about a third (approximately 10 percent of the portfolio) is live and functional and, while they could technically continue without further development, ending development would hinder their progress.
The funds could also end up paying the bills for offering unregistered securities in...
Prestige car-maker Porsche has arranged a loan to back its proposed strategic acquisitions using Spanish-bank BBVAs ever-developing distributed ledger technology (DLT) platform. The loan, valued at 150 million (the equivalent of nearly $170 million USD) is, says a press release from BBVA: The first acquisition term loan ever arranged through blockchain technology. Acquisition term loans Continued
The post Porsche Arranges $170m Loan Using BBVAs Blockchain Platform appeared first on CCN
CULedger, a U.S. credit union service organization-owned blockchain consortium, has joined enterprise software firm R3s global blockchain ecosystem
The European Parliament has called for measures that would prepare the region to use blockchain to benefit trade.
Explaining Bitcoin to someone who knows nothing about Bitcoin isnt easy. In fact its fiendishly tricky. Describing concepts such as blockchain, decentralized networks, and permissionless ledgers to beginners is as tough as describing the color orange to a blind person or the taste of an orange to someone whos never peeled one. Two new Bitcoin analogies surfaced this week, however, that should make that task easier.
Complete the following sentence: Bitcoin is like ____. Defining Bitcoin isnt easy; hell, even bitcoiners cant agree on what the cryptocurrency is designed for, be it a store of value, medium of exchange, or a form of censorship-resistant money. Its no surprise, therefore, that well-intentioned attempts at explaining Bitcoin to beginners can go awry. Two very different but equally compelling analogies provide a fresh take on Bitcoin. One lik...
Spains second largest bank, Banco Bilbao Vizcaya Argentaria, has closed a 150 million loan using blockchain with Porsche Holdings, the largest car distributor in Europe
Many venture capital firms have broken deals with companies in the crypto sector over the past several months. Barry Silbert, the founder and CEO of Digital Currency Group, a major cryptocurrency-focused venture capital firm that has invested in large-scale cryptocurrency businesses in the likes of Coinbase, bitFlyer, and Blockchain, has said that amidst falling crypto Continued
The post While Several VCs Exit, Binance Expands Crypto Incubator to 5 Regions appeared first on CCN
Revolut, provider of a mobile finance app that offers crypto trading, has been granted a banking license from the European Central Bank.
XYO Network, a blockchain-based geographic information system (GIS) with an Ethereum token and its own blockchain network, announced today a partnership with Esri, one of the worlds oldest and largest GIS systems and mapmakers, a company founded in 1969. The partnership came about when XYO hired a former Esri employee and the partnership became an Continued
The post XYO Network Partners With Esri For Blockchain Enabled Geographic Information System appeared first on CCN
Bitcoin Cash tanks 13 percent as major cryptocurrencies all fall hard
Following recent comments by Allianz CEO Andreas Utermann calling for cryptocurrency to be outlawed, VanEck Head of Digital Assets Gabor Gurbacs has stated that the insurance industry is in greater need or comprehensive regulation than cryptocurrency. In a now-deleted post on his Twitter account, Gurbacs made the point that the behaviour of insurance companies toward investors and customers Continued
The post VanEck Crypto Chief: Insurance Needs More Regulation Than Crypto appeared first on CCN
Sephora has joined the list of retailers at which shoppers can earn bitcoin rewards via the Lolli app.
A new website showing a map of cryptocurrency teller machines and other points of sale has been launched in Russia. The platform currently provides information about bitcoin ATM locations in the city of Moscow but its developers plan to expand its coverage globally.
Cryptocoinmap.ru is quite similar in design to the popular bitcoin ATM tracker website Coinatmradar. At this early stage, theres still a lot of room for improvement but the platform already has some unique features. It has been created by two Russian companies, Nanobit and Sova.rf, which have already expressed their intentions to continue to develop it.
At present, Cryptocoinmap shows several locations in the Russian capital where crypto enthusiasts are able to trade fiat with digital money. Six of them are bitcoin ATMs, where residents and visitors of Moscow can buy cryptocurrencies, and one is an exchange which sells and buys virtual coins. The website provides information about their addresses, phone numbers and business hours as well as images of the surroundings.
Major crypto exchange Binance has added Circles USD-pegged stablecoin USD Coin as a quote asset for several new trading pairs in its combined Stablecoin Market
Dont respond to Bitcoin bomb scammers or pay them ransom money, U.S. govt agency tells victims
Today, Microsoft-owned LinkedIn released its top 5 emerging careers, where it listed Blockchain Developer as its biggest growing job sector for 2018. According to LinkedIns 2018 U.S. Emerging Jobs Report, job listings for engineers who can develop distributed ledgers with P2P technology have grown 33 times this year. In the second place, and by quite Continued
The post Blockchain Development is LinkedIns Biggest Growing Job Sector appeared first on CCN
The role of blockchain developer has leaped straight to the top of LinkedIn's list of emerging jobs for 2018.
Since the bear market hit the crypto ecosystem head-on, investors exposed to this helter-skelter asset class have been deterred at large. Not only have the value of cryptocurrencies, such as Bitcoin (BTC), declined drastically, but hype and interest surrounding this market have largely been exhausted. Nevertheless, there remain many libertarian-leaning zealots that will hold on to cryptocurrencies, even until the bitter end. And as such, it should come as no surprise that Bitcoins fanatics have come to its defense at a dreary time.
As bears have struck with no holds barred, Bloomberg TV has called upon a number of cryptos eminent insiders to get an inside scoop. Most recently, the famed financial news outlet brought on Eric Ervin, the chief executive at U.S.-based Blockforce Capital.
Subjecting the CEO to answering run of the mill inquiries, anchor Emily Chang asked what Bitcoins 82% year-to-date drawdown has meant for crypto en bloc. Ervin noted that his firm, like many other crypto-centric asset managers, regards cryptocurrencies as a long-term opportunity, rather than the short-term money grab that cryptos skeptics paint it to be. More specifically, the cryptocurrency proponent likened blockchain-based assets to the venture capital ecosystem, explaining that investing in cryptos should be addressed with a three-year time horizon. Ervin elaborated on cryptos prospects as an investable instrument, stating:
Because it is so inefficient, and there are so many operational risks that are yet to be solved, this creates an opportunity for investors that are willing to wade into the shallow end and start to invest in the asset.
Echoing comments from a multitude of his fellow industry pundits, the Blockforce representative then touched on how cryptocurrencies accentuate the hallmarks of an asymmetric risk profile. Ervin added that this emerging asset class, often likened to the Internet in the 90s, has the potential for copious upside, before maintaining that cryptocurrencies provide a nice opportunity for investors who can play their cards right.
Just days ago, on two distinct mainstream media segments, Travis Kling and Mark Yusko, two institutional investors turned crypto diehards, also lauded Bitcoin as a viable medium of portfolio diversification, even for investors deemed conservative and pro-traditionalist....
Blockchain startup Civic has appointed Apple veteran Phillip Shoemaker as executive director of Identity.com, its Ethereum blockchain-based, decentralized identity platform
Ongoing compliance crackdown in the U.S. sparks warning from Pantera Capital, with 25 percent of its ICO portfolio at risk
Bitcoin tumbled to 15-month lows earlier today, dashing hopes of a rally signaled by current extreme oversold conditions.
Just weeks ago, as Bitcoin (BTC) walked the fine line between a breakout and lower lows, Amun, a London-based fintech firm, suddenly divulged that it was slated to launch its HODL5 exchange-traded product (ETP) on Switzerlands SIX exchange. Amuns announcement instantaneously garnered attention from the bulk of the cryptospheres eyes and ears, with everyone and their mother discussing thegame-changing vehicle, which put a spotlight on BTC, Ethereum (ETH), and XRP.
Speaking with Financial Times regarding the product, Amun CEO and co-founder Hany Rashwan explained that the ETP would be an enticing offering for both institutional players and retail traders alike, as it would provide secure and regulatory-compliant exposure to cryptocurrencies. And with that in mind, HODL5 became the rallying cry for cryptos bulls blinded by hopium, who stated that the SIX-listed instrument could catalyze a jaw-dropping reversal. Yet, upon its launch, the performance of Amuns crypto foray was lackluster at best, dismal at worst.
As reported by NewsBTC, HODL5, while the most-traded ETP on SIX, saw little-to-zero interest during its first day on public markets, posting an insignificant $400,000 in volume. Such a figure was, of course, a far cry from the millions in volume that optimists were clamoring for. Many chalked up the fleeting interest to a number of factors, namely the fact that SIX has only been classified as Earths 13th largest stock exchange, posting a market capitalization of $1.6 trillion, a mere seven percent of the S&P 500.
Industry analysts and commentators looking to find a rationale behind the lack of volume aimed their scopes at other nuances. Some attributed the HODL5s initially scant volume to Amuns inability to captivate the business and wallets of SIXs institutional clients, the vehicles targeted constituency. Moreover, these skeptics added that such market participants didnt believe that the crypto market was poised to reverse its multi-month downtrend.
However, with a recent tweet from Su Zhu, the chief executive and investment officer at Singapore-based Three Arrows Capital, Amuns fortunes may actually be turning for the better, despite the further decline in the Bitcoin price.
On Thursday and Friday of last week, as BTC freefell to establish a year-to-date low in the $3,200 range, Switzerlands only ETP surprisingl...
Investigations are underway in Australia and New Zealand following reports of bomb threats where the sender is demanding a payment in bitcoin failure to which they will detonate an explosive device. The emails are believed to be similar to the ones that had earlier been received by various institutions and facilities in the United States
The post Pay up or Else: Bitcoin Bomb Threat Emails Show up in New Zealand and Australia appeared first on CCN
In Fridays installment of The Daily, we update a story we first reported on yesterday the closure of stablecoin project Basis. Its team have now given the official reason for its cessation. Well begin, though, by covering a slice of crypto crime concerning bitcoin bandit Nicholas Truglia.
On Dec. 13, so-called bitcoin bandit Nicholas Truglia was extradited to California to face charges of hacking into the ph...
Seed CX has one of the crypto industrys strictest policies on employee trading. In a word: Dont.
This week the crypto-sphere has been awash with talk about Samsung and its next generation flagship phone coming loaded with crypto goodies. While the company itself has dismissed the story according to reports, rivals are shipping out products that will no doubt keep Samsung on its toes.
The hype was instigated by a Samsung community website which ran a story on crypto cold storage functionality being included on the Galaxy S10. According to SamMobile which ran an exclusive a few days ago;
After hearing about the trademarks for Samsungs blockchain and cryptocurrency software, we decided to dig around a little deeper. We can confirm that the company is indeed developing one and that it may be launched with the Galaxy S10.
The story went on to tout a number of features such as a cold wallet for storing crypto, signing of public and private keys, and a wallet for transfers and viewing transaction history. The story was syndicated across the crypto media web building a level of hype akin to that when Facebook was rumored to be delving into digital coins. Even crypto warlord John McAfee commented;
Has Samsung ever made a strategic miscalculation? I think not. Crypto is not just here to stay. It is taking over. Listen market you damn well better keep up.
Contrary reports on Cointelegraph claimed that Samsung has refuted the story labeling it as speculation. Unfortunately we are unable to provide any information as the below is rumor and speculation, the South Korean tech giant reportedly said.
The fact is that Samsung has filed for several blockchain and crypto related patents including those regarding storage and cold wallets, so putting two and two together SamMobile garnered a lot of traffic for itself.
The company is remaining tight lipped but the launch of a blockchain powered smartphone with cryptocurrency transaction capabilities is only a matter of time. The two technologies go hand in hand making micro-payments instantly while on the move would be better with a dedicated smartphone than a clunky laptop.
Rival phone maker HTC is already on the ball with the launch of its Exodus 1 blockchain phone this week. Reviews are already hitting the web and it was announced that the device would come preloaded with the Brave decentralized browser that is powered by the BAT token whi...
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