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Sats Back How the Ebates of Bitcoin Plans to Convert Holders to Spenders
2019-03-19 00:43:10
n nn nn The biggest problem I could think of was distribution. How do you share and educate both consumers and merchants on the power of bitcoin I learned how much consumers loved earning and why merchants make decisions to adopt new technology.Given his experience as an e-commerce professional, Alex Adelman, co-founder and CEO of Lolli, should know. After graduating from the University of North Carolina at Chapel Hill in 2011, the entrepreneur started Cosmic, an
Bitcoin Price Analysis Slow Grind Could Lead to Short Squeeze
2019-03-19 00:43:09
n nn nn Last Friday, we discussed a macro resistance level bitcoin would likely test. The level was tested three times prior and immediately rejected. Now, for the fourth time, we find ourselves situated above the level as we wait to see if our support holdsFigure 1 BTC-USD, Daily Candles, Fourth Test of Macro ResistanceThe first three attempts to hold support above the black, broken resistance have been stifled with relatively high amounts of volume. However, som
Bitcoin News Summary March 18, 2019
2019-03-18 08:42:44
The post Bitcoin News Summary &8211 March 18, 2019 appeared first on 99 Bitcoins.nHeres what happened this week in Bitcoin in 99 seconds. &160 Some disappointing news came out when Samsung revealed that the hardware wallet on their newly-released S10 phone will only support Ethereum, ERC20 tokens, and four dApps. It appears that Samsung will upgrade the wallet to also support Bitcoin and further altcoins in the ...n
Karpeles Beats Embezzlement Charges in Mt Gox Ruling
2019-03-16 12:17:48
n nn nn The Tokyo District Court has found Mark Karpeles, the former head of now-defunct Bitcoin exchange platform Mt. Gox, guilty of record tampering but innocent on other charges related to embezzlement and breach of trust.Per reports in the Wall Street Journal, the court&x27s verdict is a massive blow to Japanese prosecutors who have maintained their stance that Karpeles was guilty of embezzlement and breach of trust at Mt. Gox.The sentence, which was carri
Cboe Will Not Relist Bitcoin Futures Contracts for March
2019-03-16 12:17:47
n nn nn The Chicago Board Options Exchange Cboe announced that it will not list upcoming Cboe Bitcoin XBT futures contracts for trading in March 2019.The Cboe Futures Exchange said that the company is assessing its approach with respect to how it plans to continue to offer digital asset derivatives for trading, stating that it has no intention to list additional contracts for trading relating to the cryptocurrency.Though it is not confirmed, the reason behind Cboe
Bitcoin Price Analysis Could Three Times Be the Charm for This Resistance Level
2019-03-16 12:17:45
n nn nn Bitcoin remains in its tightly coiled range as the market continues its sideways trend for the third week in a row. While macro support has been tested three times recently, we have yet to test the overhanging macro resistanceFigure 1 BTC-USD, Daily Candles, Narrow RangeThe blue zone outlined above shows a very strong zone of support that, over the last few weeks, has seen three strong tests and has led to a slowly upward-drifting market consolidation. Sin
Blockstreams Satellite Messaging API Is Now Available on Mainnet
2019-03-15 01:42:46
n nn nn Blockstream has launched its satellite messaging application programming interface API on mainnet. Essentially, this means users can now broadcast data via the companys satellite network and pay with Lightning payments.No Internet No ProblemBlockstream&x27s satellite service was established with the aim of replacing the Bitcoin network&x27s dependence on land-based internet connections with actual satellites, thereby putting the network within reac
Tether Updates Website, Says USDT Backed by Reserves, Not Just Cash
2019-03-15 01:42:44
n nn nn Tether just updated its website to clarify that each of its USDT tokens, which it used to claim were always backed 1-to-1 with traditional currency, are backed by assets other than fiat currency.Now, the website instead reassures its patrons that its always 100 backed by its reserves. It clarifies this vague language, even legalistic language, by saying these reserves include traditional currency and cash equivalents and, from time to time, may include oth
MIT Bitcoin Legislators Discuss Regulation, Potential of Blockchain Tech
2019-03-15 01:42:43
n nn nn On March 910, 2019, the Massachusetts Institute of Technology hosted a two-day event, the MIT Bitcoin Expo 2019. Put together by the student-organized MIT Bitcoin Club, the conference welcomed more than just Bitcoin voices from every corner of the industry. One of those voices was that of U.S. Securities and Exchange Commission SEC Commissioner Hester Peirce.Peirce sat down with Gary Gensler, ex-chairman of the Commodity Futures Trading Commission, senior
Blocktreams Satellite Messaging API Is Now Available on Mainnet
2019-03-14 15:42:42
n nn nn Blockstream has launched its satellite messaging application programming interface API on mainnet. Essentially, this means users can now broadcast data via the companys satellite network and pay with Lightning payments.No Internet No ProblemBlockstream&x27s satellite service was established with the aim of replacing the Bitcoin network&x27s dependence on land-based internet connections with actual satellites, thereby putting the network within reac
Valued At $1 Billion, Canaan Creative Is Encroaching on Bitmains Dominance
2019-03-14 15:42:41
n nn nn ASIC chip manufacturer Canaan Creative is closing the gap between itself and industry leader Bitmain after a massive infusion of capital.In its latest funding round, the Chinese mining company has raised several hundred millions of dollars, Chinese publication Securities Times reports. Dubbing Canaan Creative as the second-largest mining firm in the world, the publication notes that the funding has raised the companys overall valuation to $1 billion.This i
CipherTrace Partners with Maltese Regulators to Manage Risk of Financial Crimes
2019-03-14 15:42:39
n nn nn CipherTrace, a blockchain analytics company, is partnering with the Republic of Maltas sole financial regulatory agency to ensure that all crypto transactions within the country are free of money laundering and other similar financial crimes.As the Times of Malta reported on March 11, 2019, the Malta Financial Services Authority MFSA has enlisted the help of U.S.-based company CipherTrace to audit cryptoasset services that operate within Maltas jurisdictio
Bitcoin Price Analysis Low Time Frames Show Signs of Life Amid Weekly Tests
2019-03-13 11:57:33
n nn nn Bitcoin continues to coil tightly within its range-bound market as the bulls and bears fight it out to see which is most dominant. On the lower time frames TF, bitcoin is managing to find supportFigure 1 BTC-USD, 2-Hour Candles, Low TF SupportThe zone outlined by the green line in Figure 1 represents local support that has kept the market afloat for the last week and a half. Late last night, we saw another test of this support level has failed to break it
Samsung Galaxy S10 Wallet Supports Ether, CryptoKitties But Not Bitcoin
2019-03-13 11:57:31
n nn nn When leaked pictures of Samsungs latest smartphone went viral, the crypto sphere lost its mind over a singular feature a built-in cryptocurrency wallet.Samsung would quickly deny rumors that the S10 contained a baked-in hardware wallet. Well, the wallet definitely exists. Its just missing a few features you might expect of a crypto wallet. Specifically, it doesnt support bitcoin only ether and ERC20 tokens which would be akin to your broker at Charles Sc
Proposed Texas Bill Would Require ID Verification for Crypto Use
2019-03-12 11:41:57
n nn nn A bill proposed by the Texas legislature will require that all receivers of cryptocurrency in regular transactions verify the identity of the cryptocurrency sender before accepting any payment. If passed, the measure will go into effect on September 1, 2019.In its current form, the text of the bill itself is brief, providing very few clues as to how such an ambitious task will be carried out. Apart from definitions of basic terms, the bills most concrete r
Bitcoin News Summary March 11, 2019
2019-03-11 17:17:17
The post Bitcoin News Summary &8211 March 11, 2019 appeared first on 99 Bitcoins.nHeres what happened this week in Bitcoin in 99 seconds. Following the hashtag DeleteCoinbase campaign we reported on last week, the exchange announcedon Monday that it will it fire all former the Hacking Team members it hired recently. These members were involved in selling malware to governments prior to starting a blockchain analytics company, ...n
Canadian Federal Tax Agency Targets Bitcoin Investors
2019-03-09 06:16:15
n nn nn The Canada Revenue Agency CRA has apparently been specifically targeting bitcoin and crypto investors as part of its broader tax strategy to keep tabs on their cryptocurrency investments, including how they purchase these assets.Forbes reported on this story in early March, detailing some of the tactics of the CRA, which include audits and questionnaires. In addition to subjecting cryptocurrency investors to audits, many of these same users have also been
Decentralized Exchange Hodl Hodl Is Launching a Bitcoin-Based Prediction Market
2019-03-09 06:16:13
n nn nn Hodl Hodl, a peer-to-peer cryptocurrency exchange, has announced that it is launching a prediction market on Bitcoin. Slated for launch in the spring of 2019, it would be the first Bitcoin-based prediction market to go live on Bitcoins mainnet.A prediction market is a novel application of blockchain technology. The betting platforms allow users to secure odds, futures and outcomes with smart contracts. Two users place funds traditionally, ether into a smar
Revolut Launches Auto-Exchange Feature for Select Crypto and Fiat Currencies
2019-03-09 06:16:12
n nn nn Revolut, a mobile finance and payment application based in the U.K., has launched a service that makes it possible for its clients to auto-exchange fiat and digital currencies on its platform.The new feature is intended to make it possible for users to protect themselves against volatilities in the crypto market. Per a company blog post, Revolut users can automatically exchange fiat currencies, such as the US dollar USD to ether ETH or bitcoin BTC, to XRP,
Bitcoin Price Analysis New High Paves Potential Reversal Setup
2019-03-09 06:16:10
n nn nn After days and days of consolidation, bitcoin finally managed to break a new high for the first time in almost two weeks. This new high, so far, has been short lived, however, as it was almost immediately sold into by eager bearsFigure 1 BTC-USD, 4-Hour Candles, New HighOur current 4-hour candle is seeing a relatively easy retracement after days and days of an upward grind. We managed to close a new high, but it was quickly rejected and, depending on where Takes Off at Lightning Speed With More Than 14,000 New Users
2019-03-07 20:00:17
n nn nn As the new Lightning network LN protocol continues to take the Crypto-Twitterverse by storm, its taking at least one new app with it, as the tipping and micropayment app catches on like wildfire. Founder Sergio Abril told Bitcoin Magazine he is overwhelmed by the interest and support he is receiving from around the world.Struck by the potential success of the new Lightning network protocol, Abril created three months ago as a way to ena
Coinbase Purchased Neutrino for $13.5 M, Acquisition Contract Shows
2019-03-06 21:24:43
n nn nn Cryptocurrency exchange Coinbase purchased controversial Italian software services provider Neutrino for $13.5 million 12 million, a copy of a legal document dated February 15, 2019, and shared with Bitcoin Magazine reveals. The hard numbers of the acquisition were previously unknown.The document leak comes after a week of turbulent developments following the February 19 acquisition. Community members, namely Block Digest podcast member Janine, began to ra
Product UpdateMarch 1st
2019-03-06 15:04:03
Living up to our values and the Neutrino acquisition
2019-03-06 15:04:01
Reacting to Public Ire, Coinbase Drops Neutrino Execs With Hacking Team Ties
2019-03-06 04:30:07
n nn nn After a week of community discontent, cryptocurrency exchange Coinbase has decided to sever its business relationship with Neutrino employees who previously worked at the notorious Italian malware/software provider Hacking Team.Blaming a gap in Coinbases diligence process, CEO Brian Armstrong writes in a Medium post that Coinbase did not properly evaluate everything from the perspective of our mission and values as a crypto company.We took some time to dig
As Court Reconvenes for QuadrigaCX, Questions Surround Empty Cold Wallets
2019-03-06 04:30:05
n nn nn Update After the March 5, 2019 court hearing, Justice Wood has granted QuadrigaCX a 45-day stay on proceedings. He has also appointed Peter Wedlake, a Grant Thornton lawyer who is part of QuadrigaCXs counsel, as the companys Chief Restructuring Officer, though the judge was reluctant at first to approve the position out of cost and efficiency concerns. The court will reconvene for the next round of proceedings on April 18, 2019, while the stay extends Quad
Bitcoin News Summary March 4, 2019
2019-03-05 20:29:48
The post Bitcoin News Summary &8211 March 4, 2019 appeared first on 99 Bitcoins.nHeres what happened this week in Bitcoin in 99 seconds. A critical bug was exposed for the Coinomi desktop wallet. The bug states that if youve imported a seed phrase into the wallet, that seed was actually sent to Google for spelling check. A seed phrase should NEVER leave the wallet and this issue ...n
Coinbase Bought Neutrino Because Its Old Analysis Providers Sold User Data
2019-03-05 13:44:43
n nn nn Coinbases Director of Institutional Sales, Christine Sandler, said in an interview last week that, in part, the exchange acquired controversial software firm Neutrino because its prior blockchain analysis providers were selling customer data.The compelling reason for making the acquisition was that Neutrino had some industry leading, best in class technology. It was important for us to migrate away from our current providers. They were selling client data
Bitcoin Price Analysis Short-Term Support Breaks on High Volume and Spread
2019-03-05 13:44:41
n nn nn Leading into the London open, bitcoin broke through its local support level in a move that seems to be hinting toward a downward continuationFigure 1 BTC-USD, Daily Candles, Broken Local SupportSo far, our daily candle has yet to close, but it is currently on schedule to close below local support. If we close below this current level, that will mark a new lower low for the first time in about a week and a half. Although that is bearish, the real strong sup
Op Ed Defining Decentralization How Ambiguity Continues to Divide Crypto
2019-03-01 20:52:50
n nn nn There are many keywords in blockchain, but few spark as much emotion as decentralization. For many of us, it was the dream of decentralization that inspired us to embark into the industry in the first place the driving force encouraging us to explore the many industries and practice areas that could be positively impacted by this technology.To say that decentralization is an important element of cryptocurrencys potential would be a gross understatement. H
Bitcoin Price Analysis Keep an Eye Out for a Close Above the Current High
2019-03-01 15:53:14
n nn nn Shortly after falling from its test of the low $4,000s, bitcoin managed to find support in the mid $3,500s. This has proven to be a relevant level over the last few months, and finding support here would be a sign of relatively strong demandFigure 1 BTC-USD, Daily Candles, Local SupportThe high candle spread rejection following our test of the low $4,000s was an indication that we had strong levels of supply left in the market, but for the time being we ar
Report Claims That Sextortionists Absconded With Over $300,000 in Crypto in 2018
2019-03-01 15:53:11
n nn nn Most cyberattacks in the crypto space involve hackers finding a way around the security of crypto exchange platforms and gaining access to users funds. Last year saw the entry of a new breed of cyber extortionists that seems to be gaining ground, so much so that they were able to steal over $300,000 in bitcoin BTC tokens in 2018.According to a report by research and risk assessment firm Digital Shadows, this scam was committed through a wide array of sexto
Stanford Student Calls Out Crypto Professor for Inaccurate Bitcoin Lecture
2019-03-01 02:27:21
n nn nn In January of 2019, student Conner Brown attended a guest lecture by a Professor Susan Athey at the University of Stanford Graduate School. She gave a presentation to his Evolution of Finance class titled Blockchain and the Future of Finance. According to Brown, the presentation contained multiple misstatements about Bitcoin and its fundamentals.After the presentation, Brown was dissatisfied with how Bitcoin was referenced by Athey during the lecture to a
XRP is now available on Coinbase
2019-03-01 00:31:56
Grim Stories of Ethical, Privacy Abuses Emerge About Coinbases New Partners
2019-02-28 19:27:14
n nn nn When Coinbase acquired Neutrino for an unspecified amount in February 2019, the news looked like business as usual A cryptocurrency juggernaut had made another acquisition. But the company in question, specifically the ties it has to the unethical practices of one of its predecessors, suggests that the monolithic Coinbase may be joining the oligarchic ranks of its privacy-hostile, too-big-for-consumer-comfort counterparts in legacy tech.The Ties That DamnO
Blockchain Advocacy Coalition Sponsors Bill to Allow Crypto for Legal Cannabis Tax
2019-02-28 19:27:13
n nn nn Activist group Blockchain Advocacy Coalition BAC has sponsored a bill in Californias 19th State Assembly District, set to allow legal cannabis businesses in the district to pay their state taxes using cryptocurrency. The bill was proposed by Assemblymember Phil Ting on February 20, 2019.If put into law, it would affect the districts many cannabis businesses, particularly all of those in San Francisco.Logistical Barriers Delivering Bags of CashOne of the mo
Constantinople Incoming Tomorrows Two Ethereum Hard Forks Explained
2019-02-28 10:47:03
Tomorrow is the big day for ethereum's sixth and seventh backwards-incompatible upgrade since mainnet launch back in 2015. Having faced a number of setbacks already, the highly-anticipated activation of Constantinople may or may not go as planned.
Bitcoin Lightning Tech Expands Beyond Invoices in Step Toward Better UX
2019-02-28 10:47:01
New tech by a principal developer could soon make it possible for bitcoin's lightning network to expand to new use cases.
Square Brought in Over $166 Million Through Bitcoin Sales Last Year
2019-02-28 10:46:59
Mobile payments firm Square has reported its revenue and profits from bitcoin sales in 2018.
Morgan Creek Joins $65 Million Series B for Blockchain Home Equity Loan Firm
2019-02-28 10:46:58
Blockchain-based home equity loan startup Figure Technologies has raised $65 million in a round backed by Morgan Creek.
Big Four Auditor PwC Publishes Crypto Insolvency Guide, Cautions Directors
2019-02-28 08:22:16
n Big Four audit and consultancy firm PwC Hong Kong has published guidance for financially distressed or insolvent businesses in the crypto sectorn
Cryptopia Could Open by March 4 as Officials Hint at Sums Lost in Hack
2019-02-28 07:36:28
n Ahead of imminent relaunch, Cryptopia says it lost it at most around 10 percent of funds in its hackn
New Ecosystem Says It Allows Sending and Receiving Crypto or Fiat With No Fees
2019-02-28 01:51:54
n An upcoming ecosystem says it will offer a one-stop-shop for consumers and businesses, giving them the freedom to pay in fiat or crypto with no fees SPONSOREDn
Apple Co-Founder Steve Wozniak on Bitcoin Weve Seen Massive Value Creation
2019-02-28 01:51:54
n When asked about Bitcoins potential, Apple co-founder Steve Wozniak declared that he thinks weve seen massive value creationn
National University of Singapore and Chinese Tech Firm to Research Blockchain Report
2019-02-28 01:51:54
n As part of a new deal, The National University of Singapore will provide blockchain technical expertise to a Chinese tech firmn
Pangea Blockchain Fund Debuts With $22 Million Round Supported by Roger Ver
2019-02-28 01:51:53
n Pangea Blockchain Fund has debuted its new fund, securing $22 million from key investors, including CEO Roger Vern
Crypto-Fiat Payments Firm Wirex Launches Major Update, Adds 10 New Fiat Currencies
2019-02-28 01:51:53
n Regulated digital payments firm Wirex released a major platform update, featuring ten new fiat currencies and new crypto and interbank ratesn
Crypto Exchange Huobi Adds Support for Ethereum-Based Tether
2019-02-28 01:51:52
n Huobi exchange has launched support for Ethereum-based USDT, in addition to Bitcoins Omni Layer-based versionn
Bitcoin Approaches $3,900 as Crypto Markets Stabilize, Stock Market Slightly Down
2019-02-28 01:51:52
n Bitcoin approaches the $3,900 mark again as most of the top 20 cryptocurrencies are reporting a mix of slight gains and lossesn
ShapeShift Presents Six-Episode Show Dedicated to Crypto Enthusiasts
2019-02-28 01:51:51
n Shapeshift, a crypto exchange based in Switzerland, has released a six-episode show about crypto enthusiasts, including its CEO Erik Voorheesn
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