Bitcoin Magazine

Via BitcoinMagazine – 1:20 pm October 5, 2018
n nn nn Stability.The word seems to be at complete odds with the current nature of the crypto market. With its flagship coin having died on hundreds of occasions, volatility and meteoric price swings have come to define cryptocurrencies, as price stability, ever-elusive, is in short supply.Bitcoins frenetic value has given critics plenty of fodder to argue that its underlying use case, a digital currency for a digital age, is kaput. The same argument has led propo

Via BitcoinMagazine – 1:20 pm October 5, 2018
n nn nn nnnnnnnnnOne of the impacts of the rapid, globalnadvancement of digital asset markets has been seasons of volatility andnturbulence. This creates a challenging environment for even the most astuteninvestors in terms of managing cryptocurrency portfolios and investmentnstrategies.nnLacking the expertise and knowledge toneffectively navigate these headwinds, investors often find themselves mired innuncertainty. It is here where blockchain technology and the

Via BitcoinMagazine – 1:20 pm October 5, 2018
n nn nn n nn n n nnOn the most recent episode of The Tatiana Show, host Tatiana Moroz opened with an interview with Lyn Ulbricht, leader of the Free Ross campaign, to deliver some recent updates with the struggle to petition the carceral state for his clemency. Ross Ulbricht just completed his NTH year of a double life sentence, plus 40 years, as a first-time, nonviolent offender. On the anniversary of his incarceration, his mother described some of the contenti

Via BitcoinMagazine – 1:20 pm October 5, 2018
n nn nn Traditional venture capitalist VC investments are leveraging the decline in initial coin offerings ICO as the cryptocurrency industry tries to find bearing amid regulatory shifts and losses across the crypto markets. The negative toll on ICOs has seen them drop overall to 70 percent less than their initial values, according to a new report.Rise of VC InvestmentA report released by blockchain research group Diar shows that almost $3.9 billion in investments

Via BitcoinMagazine – 1:20 pm October 5, 2018
n nn nn Brendan Eich, the CEO of Brave, has written a letter to the U.S. Senate Committee on Commerce, Science and Transportation urging them to implement GDPR-like legislation in the United States.GDPR stands for General Data Protection Regulation and works to secure the data and privacy of all individuals within the European Union EU and the European Economic Area EEA. In addition, it addresses the exporting of personal data outside these two organizations. GDPR

Via BitcoinMagazine – 1:20 pm October 5, 2018
n nn nn On September 23, 2018, the Bitcoin Foundation sent a letter to the French Parliament asking that they reject a new crypto asset amendment being proposed in the PACTE Bill, which deals with the growth and transformation of Frances businesses and the countrys employee savings.The amendment was suggested by members of Frances new social liberal party La Republique En Marche LREM on September 21, 2018. Should the amendment pass, it would allow the French gover

Via BitcoinMagazine – 1:20 pm October 5, 2018
n nn nn After two back-to-back weeks of record-setting volume, ether finds itself situated below historic resistance and currently unable to reach its downtrend lineFigure 1 ETH-USD, Weekly Candles, Downtrend and Record-Setting VolumeFor months, ether has been unable to break its downward trend. And now, after having an enormous amount of buying step in, the market finds itself consolidating sideways while it decides what to do next. Given the high amount of buyin

Via BitcoinMagazine – 1:20 pm October 5, 2018
n nn nn This rather long meme, which has been circulating lately, makes fun of the views of Bitcoin supporters by listing commonly made statements and contrasting them with contradicting statements or developments.This was obviously intended for humorous purposes, and as such, I should probably not take it too seriously.But as the titular proverb goes, there is a grain of truth in every joke, and the existence of this image sheds light on what some people think. I

Via BitcoinMagazine – 1:20 pm October 5, 2018
n nn nn Binance has announced a $2.5 million investment in Australian travel startup TravelbyBit in a move to introduce a blockchain-based, point-of-sale POS payment system across major airports around the world. Travelers will be able to visit local merchants at select international airports and use mobile wallets like Coinomi and Dash Wallet for POS payments. There are also plans to add support for Binance's official mobile wallet Trust Wallet.There is no b

Via BitcoinMagazine – 1:20 pm October 5, 2018
n nn nn OsiaNetwork LLC has reached out to the Federal Election Committee FEC in the hopes that it will allow computer sharing for crypto mining for campaign donations. Osia says it would like to be the platform in which volunteers share their computer power to mine cryptocurrencies, which are then donated to political campaigns of their choice. At press time, the request is in a public comments stage.Initially published September 10, 2018, the ventures request st

Via BitcoinMagazine – 6:55 am September 25, 2018
n nn nn Civic, a digital identity firm, has collaborated with Brave, the privacy-based browser with a blockchain-based digital advertising platform, to provide identity verification services to Braves content creators. Verified content creators on Brave now have the option of verifying their identities using Civics identity verification service in order to get paid Basic Attention Tokens BAT via their Ethereum wallets.Braves blockchain-based digital advertising pl

Via BitcoinMagazine – 6:55 am September 25, 2018
n nn nn Stablecoins are becoming big business these days. In a $15 million deal, Andreessen Horowitzs a16z crypto fund is buying 6 percent of the total MakerDAO maker MKR token supply. The investment will give a16z a financial and governance stake in the dai stablecoin.A16z made the announcement today, September 24, 2018. MakerDAO also received $12 million in a round led by Andreessen Horowitz and Polychain Capital in December 2017. A stablecoin is a token pegged

Via BitcoinMagazine – 10:45 pm September 24, 2018
n nn nn Several Chinese researchers from Fudan University, Tsinghua University and the University of California Riverside have produced the first systematic study of the malicious mining of cryptocurrencies, known as cryptojacking, unveiling increasing complexity over time. And it doesn't seem as if this trend will die down anytime soon.What Is CryptojackingCryptojacking has asserted itself in the cybersphere as the valuation of the cryptocurrency sector soar

Via BitcoinMagazine – 8:55 pm September 24, 2018
n nn nn Last week, after a devastating move that shook the market violently up and down for a 7 move in just a few short minutes, bitcoin saw a major sign of strength as it proceeded to have a slow, but steady markup where it managed to establish a local high in the $6,800sFigure 1 BTC-USD, Hourly Candles, Shakeout Prior to MarkupThis shakeout forced the market to temporarily establish a new monthly low in what could be argued to be a stop-hunt prior to the move t

Via BitcoinMagazine – 7:05 pm September 24, 2018
n nn nn Following an earlier report by researchers from the University of Texas alleging that stablecoin Tether USDT issues new tokens to manipulate the bitcoin price, a new report has emerged debunking this theory.Written by Dr. Wang Chun Wei of the University of Queensland Business School, the report states that, contrary to the conclusion of the earlier study by John Griffin and Amin Shams, the effect of Tether is statistically insignificant as far as bitcoin p

Via BitcoinMagazine – 6:35 pm September 22, 2018
n nn nn Altcoins may come and go hacks may challenge exchanges mainstream financial advisors might not get it but even in the face of a protocol bug, Bitcoin perseveres and develops. Here are this weeks top stories from Bitcoin Magazine.Stay on top of the best stories in the bitcoin, blockchain and cryptocurrency industry. Subscribe to our newsletter here.A Bug Fix and a New ASIC MinerThe Good, the Bad and the Ugly Details of One of Bitcoins Nastiest Bugs YetFor

Via BitcoinMagazine – 4:40 pm September 22, 2018
n nn nn The newly elected co-chair of the Congressional Blockchain Caucus, U.S. Representative Tom Emmer, has introduced a trio of blockchain-focused bills in support of the development and use of blockchain technology and digital assets. According to anofficial announcement, the bills focus on fostering government support for the blockchain space, clarifying money transmitter regulations and devising a tax scheme for hard forked assets.A statement from Emmer read

Via BitcoinMagazine – 11:00 pm September 21, 2018
n nn nn Over 30 years after creating eCash, a predecessor of bitcoin and other cryptocurrencies which spawned the Cypherpunk movement of the 1980s, Dr. David Chaum is back in the public eye with a claim of having invented the worlds fastest cryptocurrency.Chaum is widely regarded as the forefather of cryptocurrencies and the wider world of cryptographic security and online privacy because of his pioneering security research work in the 80s. His academic paper, Bli

Via BitcoinMagazine – 9:20 pm September 21, 2018
n nn nn Its a sign of the times and the growing maturity of the crypto industry that a new industry trade association launched in Washington, D.C., on September 11, 2018, to lobby the U.S. government on a range of issues from taxation to regulations to educate members of congress about the growing success of blockchain and to encourage lawmakers to allow innovation to flourish and benefit the economy.Kristin Smith, director of external affairs for the new Blockcha

Via BitcoinMagazine – 9:20 pm September 21, 2018
n nn nn n nn n n nnOn the most recent episode of Lets Talk Bitcoin!, the hosts discuss the now-defunct Bitcoin Alert system, devised by Satoshi himself. A rarity in the podcast space, this episodes exploration involved no guest appearances, instead relying on the wealth of experience that Adam B. Levine, Stephanie Murphy, Jonathan Mohan and Andreas Antonopoulos had already picked up from their time with Bitcoin.Although seldom used and quickly discontinued, Bitc

Via BitcoinMagazine – 8:10 pm September 21, 2018
n nn nn For well over a year, versions of Bitcoin Core Bitcoins leading software implementation contained a severe software bug. The bug was fixed with Bitcoin Core 0.16.3 and 0.17.0rc4, released this week, and the status of the Bitcoin network now appears to be safe, with no harm done. The Bitcoin Core project has released a full disclosure report, revealing that the bug was even worse than previously thought.These are the good, the bad and the ugly details abo

Via BitcoinMagazine – 5:50 pm September 21, 2018
n nn nn The U.S. Securities and Exchange Commission SEC has once again postponed a decision on the application for a Bitcoin Electronically Traded Fund ETF by VanEck and SolidX, in what is the latest update in a protracted regulatory process that has dragged on for several months. The agency has stated that it needs more time to consider more input to help it arrive at a decision on the matter, which was originally postponed to September 29, 2018.The Long Wait for

Via BitcoinMagazine – 5:50 pm September 21, 2018
n nn nn In a bid to extend the reach of its services, Bancor is opening up shop on another blockchain.The decentralized exchange protocol is expanding to EOS, a Bancor blog post reveals. Speaking to Bitcoin Magazine, Bancors Director of Communications Nate Hindman said the protocol will still allow users to trade Ethereum tokens, while its newest iteration, BancorX, will introduce this functionality to Ethereums rival, as well. Bancor is not switching to EOS. Banc

Via BitcoinMagazine – 2:05 am September 21, 2018
n nn nn When Tokyo-based Mt. Gox got hacked to the tune of 650,000 bitcoin in 2014, Japan learned early on the tough lessons of cryptocurrency theft. Yet, to this day, despite the countrys ongoing efforts to educate investors and ramp up oversight of crypto exchanges, it still feels the sting of hackers.On September 20, 2018, on the heels of the Osaka-based Zaif heist, which amounted to $60 million in losses, the countrys National Police Agency NPA issued a report

Via BitcoinMagazine – 2:05 am September 21, 2018
n nn nn The crypto world is welcoming its newest digital currency exchange. Known as BTSE, its a platform designed primarily to look after markets and OTC trading. The system is unique in the sense that it offers multiple currencies through one book, and entities like the U.S. dollar, the euro and the Japanese yen all share the same liquidity pool.Co-founder Jack Li spoke with Bitcoin Magazine about how the exchange works and what its overall purpose is in offerin

Via BitcoinMagazine – 2:05 am September 21, 2018
n nn nn As controversies surrounding Bitmains looming IPO spell uncertainty for the future well-being of the mining goliath, competitors are fast to move in on the manufacturers territory.One of these competitors, Innosilicon, now claims to have a new ASIC miner for bitcoin in the works that will outperform any current hardware in speed, profitability and efficiency.Speaking to Bitcoin Magazine, an Innosilicon representative, who asked to remain anonymous, said it

Via BitcoinMagazine – 10:10 pm September 20, 2018
n nn nn In an open letter to the Internal Revenue Service IRS, the U.S. Houses Committee on Ways and Means argues that the tax collection body is leaving investors in the lurch with its vague cryptocurrency tax codes.Authored by congressional representatives Kevin Brady, Lynn Jenkins, Darin LaHood, David Schweikert and Brad Wenstrup, the letter, addressed to Acting Commissioner David Kautter, calls on the IRS to devise a more concrete cryptocurrency taxing scheme

Via BitcoinMagazine – 6:40 pm September 20, 2018
n nn nn Bitcoin is in the news, and weve all seen the stories about early investors whove made millions and driven away in new lambos. So its only natural that people who havent invested already are wondering if they should. Unfortunately, when they turn to their financial advisors for help, theyre often let down by professionals who cant or wont discuss it. Why wont more financial advisors talk to their clients about bitcoin and other cryptocurrencies Here are se

Via BitcoinMagazine – 5:45 pm September 20, 2018
n nn nn Another cryptocurrency heist has shaken Japan. This time, 6.7 billion yen $60 million USD worth of company and user funds have vanished from Japanese cryptocurrency exchange platform Zaif.Tech Bureau Corp, the Osaka-based company that operates Zaif, estimates the heist occured on September 14, 2018, between 5 p.m. and 7 p.m. local time. The exchange detected the breach on September 17, 2018, and reported the event to authorities the following day. Of the s

Via BitcoinMagazine – 5:35 pm September 20, 2018
n nn nn Bitcoin is in the news, and weve all seen the stories about early investors whove made millions and driven away in new lambos. So its only natural that people who havent invested already are wondering if they should. Unfortunately, when they turn to their financial advisors for help, theyre often let down by professionals who cant or wont discuss it. Why wont more financial advisors talk to their clients about bitcoin and other cryptocurrencies Here are se

Via BitcoinMagazine – 4:25 pm September 20, 2018
n nn nn The New York Attorney Generals office has pointed a finger at cryptocurrency exchange Kraken for potential violation of state regulations. Now, the San Franciscobased exchange is firing back, saying it does not appreciate what it sees as implications of illegality.Someone has to be the voice of reason, Jesse Powell, Krakens outspoken co-founder and CEO, told Bitcoin Magazine. If we all accept corrupt practices as the norm, without saying anything out of fe

Via BitcoinMagazine – 11:00 am September 20, 2018
n nn nn Kin Ecosystem Foundation, the nonprofit governance organization for the Kin cryptocurrency, has announced the appointment of Matthew DiPietro as its chief marketing officer CMO today, September 18, 2018. Prior to joining Kin as its CMO, DiPietro was senior vice president of marketing at Twitch, the worlds leading video platform and community for gamers, where he drove mainstream adoption of live streaming.Messaging app Kik was founded in 2009, and it becam

Via BitcoinMagazine – 11:00 am September 20, 2018
n nn nn Grandshores Technology Group, a Hong Konglisted investment holding company, is seeking to raise around $12.7 million through a digital token fund, according to reports from the South China Morning Post SCMP. Grandshores Technology plans to use the funding to launch a yen-backed stablecoin.Chinese investor Yongjie Yao, who currently chairs Grandshores Technology, is also a founding partner at Hangzhou Grandshores Fund, which is backed by the local governmen

Via BitcoinMagazine – 11:00 am September 20, 2018
n nn nn Based on blockchain technology, most cryptocurrencies have an open and public ledger. While this is required for these systems to work, it comes with a significant downside Privacy is often quite limited. Government agencies, analytics companies and other interested parties lets call them spies have ways to analyze the public blockchains and peer-to-peer networks of cryptocurrencies like Bitcoin, to cluster addresses and tie them to IP addresses or other

Via BitcoinMagazine – 11:00 am September 20, 2018
n nn nn In April 2018, former New York Attorney General Eric Schneiderman sent off inquiries to more than a dozen cryptocurrency exchanges to learn more about their internal operations. Now, after months of investigation, the New York Attorney Generals office has made its findings public.A report titled Virtual Markets Integrity Initiative, released on Tuesday, September 18, 2018, confirms what many already know to be true Many cryptocurrency exchanges do not have

Via BitcoinMagazine – 11:00 am September 20, 2018
n nn nn Following a successful launch in California only a few months ago, the U.S. branch of cryptocurrency exchange OKCoin is adding five new coins to its listings. Those coins includeRipple XRP, Cardano ADA, Stellar lumens XLM, Zcash ZEC and 0x ZRX.OKCoin made the announcement today, September 19, 2018. The new coins will be paired with the U.S. dollar, bitcoin and ether, the native cryptocurrency of the Ethereum platform. Trading against fiat pairs will be ava

Via BitcoinMagazine – 11:00 am September 20, 2018
n nn nn Texas Securities Commissioner Travis J. Iles has issued emergency ordinances against three separate fraudulent cryptocurrency schemes linked to Russian scammers.The orders were issued on September 18, 2018, againstDGBK Ltd., an offshore digital bank that claims to have developed a hack-proof custody solution for digital assets and virtual currencies Coins Miner Investment Ltd., a Russian cryptocurrency investment promoter andUltimate Assets LLC, a purporte

Via BitcoinMagazine – 11:00 am September 20, 2018
n nn nn A new venture involving institutional heavy hitters from across banking, trading and energy sectors is tapping into the Ethereum blockchain to settle commodity trades.Headquartered in Switzerland, the initiative called komgo SA brings together ABN AMRO, BNP Paribas, Citi, Crdit Agricole Group, Gunvor, ING, Koch Supply &amp Trading, Macquarie, Mercuria, MUFG Bank, Natixis, Rabobank, Shell, SGS and Socit Gnrale.The company has recruited team members from

Via BitcoinMagazine – 11:00 am September 20, 2018
n nn nn Cryptocurrency exchange Poloniex is delisting eight coins BitcoinDark BTCD, Bitmark BTM, Einsteinium, EMC2, Gridcoin GRC, NeosCoin NEOS, PotCoin POT, VeriCoin VRC and BitcoinPlus XBC.The announcement was made today, September 19, 2018. The coins will be delisted on September 25, 2018, and the exchange says that traders have 30 days to close out trades and withdraw the balances from their accounts. Poloniex says the move is part of a continuous effort to im

Via BitcoinMagazine – 11:00 am September 20, 2018
n nn nn ConsenSys Social Impact a program designed to build blockchain-based solutions for global humanitarian issues is partnering with MakerDAO and optiMize to launch a new Blockchain for Social Impact Incubator at the University of Michigan in Ann Arbor. It is the first university-sponsored program of its kind.Students taking part in the course will receive mentorship and guidance from blockchain advisors, as well as potential funding, as they work to build b

Via BitcoinMagazine – 10:25 pm September 17, 2018
n nn nn Malware, a persistent thorn in the side of the internets wider community, has become an increasing concern for cryptocurrency users. A problem that comes in many forms, malicious software is leveraged by hackers to rob community members of their funds. One program, dubbed the clipboard hijacker, for instance, operates by secretly gaining control of a Windows devices running memory. It then replaces the Bitcoin address copied into a users clipboard with the

Via BitcoinMagazine – 5:25 pm September 16, 2018
n nn nn Industry buzz surrounded Ethereum this week as community members await the next stage of the coins development. The protocol also served as the jumping-off point for a new fully regulated stablecoin.Also in regulation, a New York judge issued a ruling this week that, if held up by a jury in court, could set a legal precedent for ICOs as securities in other courtroom drama, the spaces longest running suit between two of its biggest players draws to an und

Via BitcoinMagazine – 11:50 pm September 14, 2018
n nn nn Chen Min, the former chief chip maker at Bitcoin mining chip developer Canaan Creative, is turning her attention to Ethereum. Announcing her venture at the Ethereum Classic Summit in Seoul, South Korea, Chens new company, Linzhi, will focus on building cryptocurrency mining devices, and its first official products are a series of application-specific integrated circuit ASIC miners designed specifically for Ethereum and Ethereum Classic.Ethereum ASIC miners

Via BitcoinMagazine – 8:50 pm September 14, 2018
n nn nn An alpha version of the new Lightning desktop app has been released. The application includes a redesigned and optimized backend for light clients, as well as a simplified interface for users with little to no cryptocurrency experience.Lead application developer at Lightning Labs Tankred Hase joined the company in January 2018 and was assigned to oversee the apps redesign. Speaking with Bitcoin Magazine, Hase explains that the application preceding the cur

Via BitcoinMagazine – 8:50 pm September 14, 2018
n nn nn Can bitcoin be used for social good If anyone thinks so, its Ray Youssef, the CEO of peer-to-peer bitcoin platform Paxful.A successful entrepreneur in the crypto and blockchain space, Youssef comes from humble beginnings and understands the importance of maintaining control over ones finances. Marred by memories of homelessness and extreme monetary strain, Youssefs journey to build Paxful was an arduous one. When my mother got divorced and lost her home th

Via BitcoinMagazine – 8:50 pm September 14, 2018
n nn nn Japanese Fintech heavyweight SBI Holdings plans to launch a Ripple-powered mobile payment application called MoneyTap. In a tweet shared with his followers, Takashi Okita, CEO of SBI Ripple Asia shared the web page of the new payment application, which promises to offer easy bank transfer application without fees.The exact launch date for the mobile app is uncertain, but the site gave an estimated timeline for the release of both the iOS and Android versio

Via BitcoinMagazine – 6:55 pm September 14, 2018
n nn nn Based on blockchain technology, most cryptocurrencies have an open and public ledger. While this is required for these systems to work, it comes with a significant downside Privacy is often quite limited. Government agencies, analytics companies and other interested parties lets call them spies have ways to analyze the public blockchains and peer-to-peer networks of cryptocurrencies like Bitcoin, to cluster addresses and tie them to IP addresses or other

Via BitcoinMagazine – 10:10 pm September 13, 2018
n nn nn BitGo has received the green light from the South Dakota Division of Banking to act as a qualified custodian for digital assets, according to a Business Wire press release.The approval means the BitGo Trust Company can now offer secure storage for digital assets designed for institutional customers, Chief Compliance Officer Shahla Ali told Bitcoin Magazine. Built on BitGos multisignature security, BitGo Custody delivers modern security for modern assets, A

Via BitcoinMagazine – 10:10 pm September 13, 2018
n nn nn Morgan Stanley is joining Wall Streets race toward an institutional-friendly bitcoin derivative.According to anonymous sources reporting to Bloomberg, the financial institution is devising price return swaps tied to bitcoin. These derivatives would allow investors to indirectly invest in the markets flagship currency, allotting them the option to buy into long or short positions through the contracts.Taking their prices from bitcoin futures, the swaps will

Via BitcoinMagazine – 10:10 pm September 13, 2018
n nn nn Huobi Japan Holding Ltd. has acquired a majority stake in Japanese cryptocurrency exchange BitTrade, marking the top-three exchanges formal entry into the Japanese market.BitTrade, which is one of the 16 government-approved crypto exchanges in the country, announced the news yesterday, September 12, 2018.Japan's Financial Services Agency FSA began issuing exchange operating licenses in 2017, but in light of the Coincheck hack in January 2018, the appr

Via BitcoinMagazine – 5:35 pm September 13, 2018
n nn nn University of Berkeley Professor Barry Eichengreen has taken a swipe at the viability of stablecoins in an op-ed published on Project Syndicate. The critique, entitled The Stable-Coin Myth, argues stablecoins are not automatically viable just because they are pegged to an asset, though Eichengreen does believe they have an advantage over conventional cryptocurrencies such as bitcoin which he says is highly unstable and unattractive as units of account.Stab

Via BitcoinMagazine – 12:10 am September 13, 2018
n nn nn Corporate customers tangled up in the aftermath of Mt. Goxs historic hack can finally file for reparations.The now-defunct Japanese bitcoin exchange opened up its claim filing system to corporate users this Wednesday, September 12, 2018. Previously, the system was open only to non-corporate individuals as of August 23, 2018, but with todays announcement, any entity that lost funds to the exchange can now file for rehabilitation claims.Creditors have until

Via BitcoinMagazine – 8:45 pm September 12, 2018
n nn nn Crypto, charity and cycling. Its an unlikely triad, but two fitness enthusiasts-turned-crypto philanthropists believe that, taken in combination, the three can drive positive change.Taking a cross-country cycling trip around the U.S., Tour de Crypto riders Jason Berlin and Jovel Velasquez want to raise $1 million in cryptocurrencies and USD for the Houston Area Womens Center HAWC, a non-profit organization with the mandate to end domestic and sexual violen

Via BitcoinMagazine – 8:45 pm September 12, 2018
n nn nn Does a decades-old securities law apply to an initial coin offering ICO In a case that represents the first time securities laws have been applied to cryptocurrencies, a district judge says it may.On September 11, 2018, in a district courthouse in Brooklyn, New York, Judge Raymond Dearie ruled that two ICOs were securities, based on established laws that govern the financial instruments. His decision does not imply that all ICOs are securities, but that si

Via BitcoinMagazine – 8:45 pm September 12, 2018
n nn nn On the latest episode of The Bitcoin Game, host Rob Mitchell explains the recent trip he took to the World Economic Forum. Based in Davos, Switzerland, this international conference featured a wide number of economic experts and panelists within the international financial industry.Sitting on one such panel titled The Crypto Asset Bubble, Jennifer Zhu Scott, a founding partner at Radian, later came on this weeks episode of The Bitcoin Game to discuss the t

Via BitcoinMagazine – 3:40 pm September 12, 2018
n nn nn Today, September 12, 2018, OKCoin announced that the company will be offering token-to-token only trading in twenty states across the U.S. This announcement of its expansion in U.S. markets comes shortly after OKCoin/OKEx founder Star Xu was questioned and released by Chinese police in connection with an alleged digital currency fraud. OKEx is the second largest global exchange by volume, according to CoinMarketCap, though that volume has been called into

Via BitcoinMagazine – 12:20 am September 12, 2018
n nn nn In what it deems a first for both enforcement actions, the United States Securities and Exchange Commission SEC is charging two entities with registration failures.First in line, TokenLot LLC, the self-named ICO Superstore, is being charged with acting as an unregistered broker-dealer in the first case charging unregistered broker-dealers for selling digital tokens after the SEC issued The DAO Report in 2017. A seminal document in defining ICOs and tokens

Via BitcoinMagazine – 12:20 am September 12, 2018
n nn nn The founder of cryptocurrency exchange OKEx was detained for questioning on September 10, 2018, by Shanghai police to investigate a case of suspected digital currency fraud related to WFee coin. As of 930 pm local time, on September 11, he was released.Star Xu, who was a shareholder in WFee coin, was surrounded by seven or eight people at the hotel he was staying at in Shanghai and taken to a local police station for questioning, according to Sina news. In

Via BitcoinMagazine – 12:20 am September 12, 2018
n nn nn MSX PLC, the digital asset arm of the Malta Stock Exchange, has signed a Memorandum of Understanding MoU with Binance to launch a digital exchange for trading security tokens, per its press release. The MoU follows Binance's decision to continue its operations on the island in recognition of the country's favorable crypto climate.Earlier in July 2018, the Malta Stock Exchange MSE launched the MSX PLC as an investment vehicle that seeks partnershi

Via BitcoinMagazine – 9:10 pm September 11, 2018
n nn nn The Financial Industry Regulatory Authority FINRA, a non-profit watchdog for public brokerage firms in the U.S., has had its first run-in with the cryptocurrency industry. The self-regulatory organization is filing a complaint against a Massachusetts man for the unlawful distribution of an unregistered cryptocurrency security called HempCoin.Timothy Tilton Ayre, FINRA alleges, illegally associated sales in his publicly traded company, Rocky Mountain Ayre I

Via BitcoinMagazine – 8:25 pm September 11, 2018
n nn nn The Financial Industry Regulatory Authority FINRA, a non-profit watchdog for public brokerage firms in the U.S., has had its first run-in with the cryptocurrency industry. The self-regulatory organization is filing a complaint against a Massachusetts man for the unlawful distribution of an unregistered cryptocurrency security called HempCoin.Timothy Tilton Ayre, FINRA alleges, illegally associated sales in his publicly traded company, Rocky Mountain Ayre I

Via BitcoinMagazine – 8:25 pm September 11, 2018
n nn nn A year-old legal battle between two of the crypto industrys leading organizations is coming to a close.After a volley of countersuits that had the companies jumping from courthouse to courthouse, Ripple and R3 have brokered a settlement that will put the drama to rest. The terms of the settlement, however, are being kept under wraps by both parties.In correspondence with Bitcoin Magazine, a representative for Ripple stated that the company has nothing to s

Via BitcoinMagazine – 6:45 pm September 11, 2018
n nn nn Ethereum is embracing the Constantinople milestone at the end of November 2018, after DevCon4 in Prague. Constantinople is the latest Ethereum release, introduced through a hard fork, that will include five Ethereum Improvement Proposals EIPsBitwise shifting instructions EIP 145 in the Ethereum Virtual Machine EVM allow for direct manipulation of bytes on the EVM layer.Skinny CREATE2 EIP 1014 adds a new opcode that creates a contract but determines the dep

Via BitcoinMagazine – 3:40 pm September 11, 2018
n nn nn nnnnnnnnnAs an emerging cog in the global digital economy,ncloud mining offers a tool for enthusiasts to mine cryptocurrencies such asnbitcoin without having to acquire hardware or other oft-required elements. Onnthe heels of this development, growing numbers of companies are offering cloudnmining accounts at an affordable cost.nnOnce established, cloud miners becomenparticipants in a mining pool that allows them to purchase certain levels ofnhash capacity

Via BitcoinMagazine – 3:40 pm September 11, 2018
n nn nn Lightyear Corporation, a universal payments network built around Stellars open financial protocol, has announced the acquisition of Chain, in a merger that sees both brands combine to form a new entity called Interstellar.Under the terms of the merger, Interstellar will help organizations build applications on the Stellar Network while the Stellar Development Foundation will remain fully independent. Former Chain CEO Adam Ludwin also becomes Interstellar C

Via BitcoinMagazine – 1:15 am September 11, 2018
n nn nn Blockchain research institute and accelerator Cryptic Labs is adding two Nobel Laureates to its team of advisors. The additions, economists Dr. Eric S. Maskin and Sir Christopher Pissarides, are professors at Harvard University and the London School of Economics, respectively. They join Cryptic Labs Chief Scientist Dr. Whitfield Diffie, who won the 2015 Turing Prize for his contributions to cryptography.Awarded the Nobel Prize for Economics in 2007 for his

Via BitcoinMagazine – 1:15 am September 11, 2018
n nn nn When we last discussed the ETH-USD pair, the price was testing support in the mid $200 range.Since then, the market has dropped another 30 as ether tests the waters in the upper $190 rangeFigure 1 ETH-USD, 1-Day Candles, Macro TrendThe volume on the current drop has been exceptionally high compared to the beginning of its descent from the $800s. However, one thing to note is how little the last few candles have progressed compared to the large amounts of s

Via BitcoinMagazine – 1:15 am September 11, 2018
n nn nn Two crypto companies, Gemina Trust and Paxos, got a green light from a New York state regulator to launch their own stablecoins pegged 11 to the U.S. dollar.New York Department of Financial Services NYDFS gave an okay to Gemini Trust, the crypto exchange founded by the Winklevoss twins, to launch Gemini Dollar GUSD. It also gave a nod to Paxos Trust, the company behind the over-the-counter OTC exchange itBit, to issue Paxos Standard PAX. Both coins launche

Via BitcoinMagazine – 8:50 pm September 10, 2018
n nn nn Two securities, one that tracks bitcoin and another that tracks the cryptocurrency ether, have been temporarily halted by a U.S. regulatory watchdog due to investor confusion.Starting September 9, 2018, the Securities and Exchange Commission SEC has suspended all U.S. trading of Bitcoin Tracker One CXBTF and Ether Tracker One CETHF until September 20, 2018. The exchange-traded notes ETNs are issued by Swedish company XBT Provider AB, a subsidiary of U.K.-b

Via BitcoinMagazine – 8:50 pm September 10, 2018
n nn nn Spark is a web-based GUI wallet with built-in Electrum software designed for speed, safety and simplicity that utilizes Blockstreams Lightning implementation c-lightning as its backend. The platform allows for easy spending and receiving of bitcoins over the Lightning Network, which is renowned for its payment speeds. Users can also run their own Bitcoin-based nodes, c-lightning nodes and Spark GUIs in a completely trustless environment.Independent develop

Via BitcoinMagazine – 4:20 pm September 10, 2018
n nn nn A handful of projects brought their tech to life this week, introducing new payment systems and coins to the industrys offerings. Meanwhile, Bitcoins Lightning Network makes headway for the dev community, and one of cryptos older and more respected exchanges arguably takes a step against the spaces principles.Finally, in a spurious game of he-said-she-said, a report from Business Insider, which was in turn picked up by various outlets, gets blasted by Gold

Via BitcoinMagazine – 3:05 pm September 10, 2018
n nn nn nnnnnnnnnIndex funds have more than proven their worth asna preferred option for those with an eye on retirement. But now there isnconversation about the value of adding bitcoin and other cryptocurrencies tonthis investment mix.nnGiven cryptos volatile nature to date, riskntolerance is obviously a factor to consider for any financial portfolio.nJuxtapose that with those investors who are in position to risk a potentialnloss, and Bitcoins value proposition

Via BitcoinMagazine – 10:10 pm September 7, 2018
n nn nn LinkedIn has been keeping its finger on the pulse of the United States most thriving startups, and crypto organizations are showing tremendous signs of life and growth.The business and employment social media site released its LinkedIn Top Startups list this Thursday, September 6, 2018. Split into two articles, the list details the U.S.s most dominant startups, weighing each companys worth with in-house data that looks at employee growth jobseeker interes

Via BitcoinMagazine – 6:40 pm September 7, 2018
n nn nn n nn n n nnOn the latest episode of Distributed Dialogues, Dave and Rick from the Lets Talk Bitcoin Network host interviews on the risks and rewards of government interference in the cryptocurrency space.The first guest, John Collins, got his start in government on the Senate Committee of Homeland Security, and quickly moved to working with Coinbase after he first heard about Bitcoin in 2013. Since then, hes tried to bridge the worlds of policy and crypt

Via BitcoinMagazine – 6:00 pm September 7, 2018
n nn nn Update September 7 Goldman Sachs CFO Martin Chavez has since called reports of dropping the bitcoin trading desk fake news. The original Business Insider report quoted unnamed sources as the basis of the information. Speaking at the Techcrunch Disrupt conference on September 6, 2018, Chavez said the bank is still looking at how to offer services that involve actual bitcoin and never had a timeline.Additionally, while many news sources including this one su

Via BitcoinMagazine – 11:15 pm September 6, 2018
n nn nn Abra, the all-in-one digital wallet and cryptocurrency exchange, has announced its support for Single Euro Payment Area SEPA bank accounts. European users can now enable direct wire transfers from European banks to purchase any of Abras 28 available cryptocurrencies.Founded in 2014, Abra is working toward providing users with maximum privacy and control. The application is non-custodial, and the wallets private keys are never held by anyone other than the

Via BitcoinMagazine – 11:15 pm September 6, 2018
n nn nn In an effort to expand its institutional services, Coinbase is joining an industry chase for the ever-elusive bitcoin exchange traded fund ETF.As reported by Business Insider, the cryptocurrency exchange provider has been liaising with BlackRock, a U.S. investment management company with some $6 trillion in assets under its purview. Individuals close with the matter said that Coinbase has sought guidance from BlackRocks blockchain working group. While Coin

Via BitcoinMagazine – 11:15 pm September 6, 2018
n nn nn Based on blockchain technology, most cryptocurrencies have an open and public ledger. While this is required for these systems to work, it comes with a significant downside Privacy is often quite limited. Government agencies, analytics companies and other interested parties lets call them spies have ways to analyze the public blockchains and peer-to-peer networks of cryptocurrencies like Bitcoin, to cluster addresses and tie them to IP addresses or other

Via BitcoinMagazine – 5:50 pm September 6, 2018
n nn nn CoinGate, a bitcoin payment processor, has launched bitcoin Lightning Network payments on its platform, bringing the option to accept Lightning payments to its 4,000 clients.The Lithuanian company enables merchants to accept bitcoin payments for their products or services. Merchants can keep the funds in bitcoin or CoinGate will convert those funds to Euros or U.S. dollars for customers who want to avoid dealing with bitcoins volatility. In a blog post ann

Via BitcoinMagazine – 11:10 pm September 5, 2018
n nn nn IBM has launched a blockchain-based payment system called Blockchain World Wire. According to IBM, the new payment network uses digital currency on Stellar's blockchain to clear and settle cross-border payments in near real time.The Stellar network is a distributed, blockchain-based ledger that facilitates cross-asset transfers of value. Like Ripple, Stellar can handle exchanges between fiat-based currencies and digital assets. Using this protocol, IB

Via BitcoinMagazine – 11:10 pm September 5, 2018
n nn nn As the birthplace of the Chaos Computer Club, the hometown of the mother of all hackerspaces, and what many of the worlds leading privacy activists consider to be a bit of a safe haven, Berlin may be the the strongest center in the world for hacker culture.Maybe thats what makes the German capital a fertile breeding ground for the ongoing series of Lightning Hackdays stylized as LightningHackday. Introduced earlier this year, the series continues to grow,

Via BitcoinMagazine – 11:10 pm September 5, 2018
n nn nn The team behind Lightning Ramp, a system that provides customers with faster bitcoin payments, has joined forces with Casa, a be-your-own-bank product that provides users with a multi-signature, multi-hardware device and multi-location wallet designed, to offer top-notch security against attacks and theft. Together, both ventures are working to create the Casa Lightning Node, a platform designed to solve many problems associated with Lightning Ramp. Debut

Via BitcoinMagazine – 9:05 pm September 5, 2018
n nn nn In a what appears to be a seismic shift in company ethos, digital assets platform ShapeShift has launched a new loyalty program called ShapeShift Membership which will require the exchange users to provide basic personal details, according to a blog post published September 4, 2018.In his post, ShapeShift Founder and CEO Erik Voorhees said that the membership is part of a loyalty program that will see the platform collect personal information from its user

Via BitcoinMagazine – 9:05 pm September 5, 2018
n nn nn Bill Barhydt, founder of bitcoin wallet app Abra, said the U.S. Securities and Exchange Commission SEC would approve a bitcoin exchange-traded fund ETF within a year once the financial regulator feels comfortable with the caliber of the applicants.A bitcoin ETF would allow investors to purchase bitcoin through funds listed on a regulated, legacy stock exchange. Like the bitcoin futures contracts that came before it, a bitcoin ETF is seen by many as the bri

Via BitcoinMagazine – 9:05 pm September 5, 2018
n nn nn Goldman Sachs is struggling to find a way to trade bitcoin.The financial services giant has scratched its plans to open a desk for trading cryptocurrencies, at least for the near term, according to a Business Insider report on September 5, 2018. Cryptocurrency markets seemed to respond negatively to the news. Bitcoin dropped roughly 5 percent, falling below $7,000. The rest of the top five cryptocurrencies by market cap toppled by more than 12 percent.Rumo

Via BitcoinMagazine – 11:45 pm September 4, 2018
n nn nn We suck at marketing, Eiland Glover, CEO and founder of Kowala, admitted in good humor. Our PR probably doesnt want to hear me say that, but its true.Glovers brutally honest statement is by no means a reflection on the companys work ethic or even its progress quite the opposite. The milestones the project has surpassed this summer have been an unintentionally well-kept secret, which makes its most recent announcement pretty surprising Kowala, an under-the

Via BitcoinMagazine – 5:50 pm September 4, 2018
n nn nn In this guide, we explore Bitstamp and its journey from humble beginnings seven years ago to becoming one of the most popular cryptocurrency exchanges in the world. Well also look at the various features of its platform, chiefly trading and acquiring cryptocurrency.SnapshotOperating since August 2011 Location London, Luxembourg, Slovenia, U.S.Fiat pairs supported USD, EURNotable cryptocurrencies supported BTC, ETH, LTC, BCH, XRPCountries served WorldwideA

Via BitcoinMagazine – 11:10 pm September 3, 2018
n nn nn In a potentially trend-changing move, bitcoin has now managed establish its first higher low since the beginning of this years crypto bear market. In mid-June, after seeing a short-lived bounce from this years low in the upper $5,000s, the bitcoin market took a very harsh, unrelenting move that dropped the price from the mid $8000s to the $5900s. After such a strong move, the market managed to stabilize just above its previous lowFigure 1 BTC-USD, Daily Ca

Via BitcoinMagazine – 7:05 pm September 3, 2018
n nn nn Ever since its inception Bitcoin has never really been private. Although Satoshi Nakamotos white paper suggests privacy was a design goal of the protocol, government agencies, analytics companies and other interested parties lets call them spies have ways to analyze the public blockchain and peer-to-peer network, to cluster Bitcoin addresses and tie them to IP addresses or other identifying information.A lack of privacy is a problem. Bitcoin users might

Via BitcoinMagazine – 4:15 pm September 3, 2018
n nn nn Many of us are familiar with the term DApp, which stands for decentralized application.Foundationally, a DApp is an application that runs using blockchain technology on a decentralized network of computers instead of on a central database. Transactions via a DApp require the consensus of all users on the blockchain. For example, a financial transfer transacted via any DApp cannot be completed unless validated by all computers in the network, sometimes refe

Via BitcoinMagazine – 2:25 pm September 2, 2018
n nn nn Morgan Creek, a capital managementcompany that oversees more than $1.5 billion in assets, has partnered with Bitwise Asset Management to create the Digital Asset Index Fund.The new cryptocurrency asset fund is the latest in Bitwises suite of cryptocurrency investment offerings, as the asset management company already owns the HOLD 10 Index Fund. It also aspires to launch a cryptocurrency ETF in the near future. As with the HOLD 10 Index Fund, this index ta

Via BitcoinMagazine – 2:25 pm September 2, 2018
n nn nn Many people know bitcoin as an anonymous digital currency, one whose privacy features prime it for concealed payments in sketchy recesses of the internets dark web.These same people would likely be surprised to learn that bitcoin is far from anonymous. More pseudonymous than anything, its underlying technology, the blockchain, actually features a number of technical windows through which users could peep another users identity. These interested parties, be

Via BitcoinMagazine – 2:25 pm September 2, 2018
n nn nn Crypto is making its entrance into the worlds academic scene, and students are lining up to learn.A recent Coinbase study reveals that University students want to learn more about cryptocurrency and blockchain technology. Commissioned by Coinbase in partnership with Qriously, the survey sampled 675 U.S. students, and it found that students across all majors have an interest in blockchain technology. Some have literal vested interest in the cryptocurrency m

Via BitcoinMagazine – 2:25 pm September 2, 2018
n nn nn n nn n n nnAfter a brief hiatus, the Lets Talk Bitcoin show is back with an informative episode on the intersection of Wall Street financial tools and the Bitcoin space. For those who are unfamiliar with how mainstream financial tools are being applied to cryptocurrencies, this episode serves as an ideal primer to become well-informed on the topic.The episode features an hour-long interview with Caitlin Long. A 22-year Wall Street veteran who has been ac

Via BitcoinMagazine – 2:25 pm September 2, 2018
n nn nn The Italian football club Rimini, which plays in the Italian Serie C division, has sold a portion of the teams shares in exchange for cryptocurrency.The first-of-its-kind acquisition was made by Heritage Sports Holdings HSH, a sports investment company based in the United Arab Emirates. Contrary to initial reporting by various outlets, the clubs shares were not purchased with bitcoin. Instead, representatives used Quantocoin QTC, a Gibraltar-based cryptocu

Via BitcoinMagazine – 2:25 pm September 2, 2018
n nn nn In order to make payments on the lightning network Bitcoins second layer solution for instant and cheap transactions users must first fund lightning channels. This process, however, creates a slight disconnect between lightning users and on-chain users. Lightning users can pay lightning users, and on-chain users can pay on-chain users, but they cant pay one another directly.To solve this, Submarine Swaps allow users to make trustless transactions between

Via BitcoinMagazine – 2:25 pm September 2, 2018
n nn nn Origin Protocol, one of the early initial token offerings listed on CoinList, has announced the launch of its new decentralized messaging service. Origins latest offering could challenge encrypted giant Telegram, which, while not decentralized, is widely used within the cryptocurrency community.Decentralized Options for Origin ParticipantsOrigin Messaging was designed to meet the need for a decentralized messaging system, not only for Origin, but for the e

Via BitcoinMagazine – 2:25 pm September 2, 2018
n nn nn The Venezuelan government is cracking down on remittance payments with a new banking mandate, one that could put the countrys Bitcoin users on an even tighter leash.In a letter addressed to all banking institutions, the government has ordered all domestic banks to disclose the IP addresses, financial details, transaction amounts and locations of all citizens who access their banking services from outside the country. Per the measure, Venezuelans are expect

Via BitcoinMagazine – 2:25 pm September 2, 2018
n nn nn Although one of the primary goals of Bitcoin is to create a currency that is borderless and decentralized, a recurring concern is the way other than mining that we are able to actually acquire it and other cryptocurrencies. Crypto exchanges became a necessary component of this equation, and they hold a huge influence over the crypto market worldwide.At the San Francisco-based blockchain conference Distributed 2018,Ben El-Baz, Chief Strategy Officer at XDAE

Via BitcoinMagazine – 2:25 pm September 2, 2018
n nn nn This past week has seen progress in two aspects of Bitcoin privacy and payments. Attitudes toward blockchain technology are also showing progress as two surveys reveal. And yet, regulation does not necessarily seem to be keeping pace.Here are some of the stories that weve been following at Bitcoin Magazine.Stay on top of the best stories in the bitcoin, blockchain and cryptocurrency industry. Subscribe to our newsletter here.Advances in Bitcoin TechnologyT