Month: October 2018

Twitter Facebook The Bitcoin yearly candle has finally gone red, with the daily price average about 0.25% below the price from one year ago today. This is the culmination of a long slump in Bitcoin price and trading volumes since the extreme highs of last year. While this article is not meant to analyze trading markets, we would like to mention some of the factors that go into this terrible present for Bitcoin’s tenth birthday. A year ago, the price Read more …

Troubled cryptocurrency exchange WEX.nz has seen its funds frozen by fellow exchange Binance after users claimed the exchange was involved in money laundering, CEO Changpeng Zhao confirmed on social media Oct. 29. In response to an alert by an online trader known as John James on Twitter, Zhao said Binance had quarantined funds sent from wallets associated with WEX. “[T]he identified accounts are frozen, please report to law enforcement and have a case number. We will work with LE [law Read more …

Bitcoin, the original cryptocurrency, has had a tough year, and is presently resting on its $6,200 support level as it celebrates its 10th birthday. Despite having a fundamentally successful year filled with countless examples of increasing adoption, the markets are still weak, and have been unable to break through their September highs. At the time of writing, Bitcoin (BTC) is trading at $6,315 on the aggregated markets according to CoinMarketCap, which is near the bottom of its long-established trading range Read more …

Dan Held is the founder of crypto portfolio service Picks & Shovels. He previously founded data service ZeroBlock, which sold to Blockchain, and served as VP of product at ChangeTip.  This exclusive opinion piece is part of CoinDesk’s “Bitcoin at 10: The Satoshi White Paper” series. Introduction In my last article, “Soil,” I covered the Cypherpunks or the “Soil” in which he planted the Bitcoin seed giving it the best chance for survival. Satoshi’s design of Bitcoin’s genetic code made Read more …

Twitter Facebook Contradicting a report from CNBC Africa’s Ran NeuNer, a top Coinbase executive said that the cryptocurrency industry giant will not go public anytime soon. Speaking with Bloomberg, Coinbase President & COO Asiff Hirji shot down rumors that the San Francisco-based cryptocurrency exchange, brokerage, and custodian is preparing to list its shares on a public exchange within the near future. “There’s not going to be an IPO any time soon. We have so much to do. At some point, Read more …

Regulation Bitcoin trader Jacob Burrell-Campos pleaded guilty this week in a U.S. federal court to operating an unlicensed money transmitting business. The 21-year-old San Diego native is now awaiting sentencing and faces a maximum of five years in jail. Also Read: How to Easily Give BCH as Gifts in Halloween Trick-or-Treat Packages ‘Serious Threat’ to US Banking System Burrell was arrested in August while trying to cross the border from Mexico. He was apprehended for trading crypto to fiat with Read more …

The Ethereum (ETH) developer that co-authored the ERC-20 token standard has introduced a new model for Initial Coin Offerings (ICO), Czech business news outlet Kurzy reports Oct. 31. Speaking at Ethereum’s annual Devcon conference in Prague Oct. 30, Fabian Vogelsteller, also the main developer of decentralized application (DApp) browser Mist, proposed a new approach for running ICOs that he claims will better protect investors. Vogelsteller described the concept, dubbed a “reversible ICO” (RICO), as a fundraising model that allows investors Read more …

Move over DC and Marvel: a fledgling company wants to create a comic book universe where crypto and blockchain are at its center – building an immersive experience for readers with a whole new suite of coveted collectibles. Tokenville says comics offer an exciting format for entertaining crypto enthusiasts, not to mention enlightening those who are new to the community. It also believes that non-fungible tokens and decentralized apps (DApps) mean this medium can become more interactive than ever before – Read more …

The Indian government is considering imposing a ban on what it calls “private cryptocurrencies” in the country. At the 19th meeting of the Financial Stability and Development Council (FSDC) on Tuesday, the country’s finance minister Arun Jaitley discussed “the issues and challenges” of crypto assets and cryptocurrency, among other things, according to a press release issued by the government’s Press Information Bureau. In the discussion, the council was briefed on the “deliberations” by a high-level committee chaired by the secretary Read more …

Twitter Facebook It was ten years ago today that Satoshi Nakamoto first submitted the Bitcoin whitepaper to the Metzdowd cryptography mailing list and started a revolution in finance. A couple months before that, the domain Bitcoin.org had been registered. One of the first to interact with the world’s premier decentralized cryptocurrency – all new concepts at the time – was and still is a suspected Satoshi, Hal Finney, although Finney was not the first to respond to the post. Finney Read more …