Monthly Archives: June 2018

Hodler’s Digest, June 18-24: Square Receives the Illusive BitLicense, Bithumb Hacked in this Week of Crypto Ups and Downs

Crypto markets are inching their way back up this week, despite the $30 mln Bithumb hack and the Bank of International Settlements dismissing Bitcoin’s value Top Stories This Week Leading South Korean Crypto Exchange Bithumb Hacked For $30 Mln In Crypto Bithumb, which has fallen from 6th to 10th place for cryptocurrency exchanges worldwide by trading volume, has had about $30 million worth of cryptocurrencies stolen in an apparent hack. Bithumb has temporarily suspended all deposits and payments, noting that they are moving all assets to a […]

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The Poor Flip, the Rich Hodl, Startup Finds Out Tracing Its Tokens

The team of a young Ukrainian crypto company has made an effort to collect some interesting data about what happened with their tokens after the sale. It turns out investors from developing countries are inclined to sell the coins within months after their listing, while buyers from developed nations tend to hold them longer. Also read: No License Needed to Mine Cryptocurrencies in Ukraine Ukrainian Startup Tracks Its Coins What happens with your tokens after they are sold and listed on exchanges? That’s a question any decent […]

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Mike Butcher of TechCrunch: It Is up to the Industry to Get Its Own House in Order

Mike Butcher shares his views on the industry, why he decided to cover it and the importance of proper information. This interview has been edited and condensed. Mike Butcher, an editor-at-large of TechCrunch is a pioneer of the tech and journalism industries. He has also started covering the crypto industry and blockchain technology, as — in his words — “that is effectively going to be a new way to the future.” He first heard about crypto back in 2011 and it was ‘Bitcoin that got [him] interested’ […]

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Silicon Valley Whales Buy Diamonds in the Millions With Bitcoin

2018 might not be the best year for crypto investors so far, but a lot of wealth is still in the hands of long-term holders. The latest example of this comes from Silicon Valley where some people are using bitcoin to buy millions worth of expensive timepieces, diamonds and other luxury items. Also Read: This Week in Bitcoin: McAfee Backs Off, Crypto World Cup and the Mystery of 21e8 Crypto Surpasses Credit Cards Stephen Silver Fine Jewelry, a Silicon Valley-based ultra-high-end watches and jewelry boutique which implemented […]

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China’s Latest Government-Backed Crypto Rankings Put EOS 1st, BTC 17th

The second round of China’s state-backed monthly crypto ratings has placed EOS in 1st place, with Ethereum 2nd and Bitcoin 17th. The second round of China’s state-backed monthly ratings of cryptocurrencies and blockchain projects has been released, Cena News reported June 21. Dubbed the “Global Public Chain Technology Evaluation Index,” this latest round was announced at the Shanghai Science Hall on June 20, and ranks EOS 1st, Ethereum (ETH) 2nd, and Bitcoin (BTC) 17th, out of a total of 30 analyzed cryptocurrencies. China’s monthly “Global Public Chain […]

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Markets Update: Triple Bottom Confirmed, but Where Will It Lead?

Cryptocurrency bears are still clawing away at digital asset prices on Sunday, June 24 as most of the digital currency market values are down between 3-12 percent over the last 24-hours. The top cryptocurrency market held by bitcoin core (BTC) has touched a triple bottom at $5,832 during the early morning June 24 trading sessions. The last two times BTC dropped to these price ranges was in November 2017, and last February. Some traders believe a third bottom indicates significant support and cryptocurrency prices could capitulate after […]

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Tulips, Bubbles, Obituaries: Peering Through the FUD About Crypto

From comparisons to Tulip Mania to outright obituaries, Bitcoin and various cryptocurrencies have battled with FUD from the media. In the short space of nine years, Bitcoin has thrust cryptocurrencies into mainstream consciousness by shaking up the financial world. Since its inception in 2009, the preeminent cryptocurrency has thrown a spanner in the works of traditional banking and financial institutions and has paved the way for the creation of a plethora of industry-shaping virtual currencies and blockchain-based innovations. With that being said, it’s been far from smooth […]

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Can Bitcoin Cash Live Up to Its Hype? Real World Stress Test Is Coming

Bitcoin cash (BCH) is being called out, essentially asked if its blockchain and algorithmic infrastructure can hang while bombarded with millions of transactions thrown its way. It’s an effort by enthusiasts to demonstrate BCH resilience in the face of massive adoption and usage, and they’re inviting even haters to participate. Also read: Supremes Uphold Cell Privacy, Hope for Ross Ulbricht Bitcoin Cash is Going to Get Pounded with Millions of Transactions “The Bitcoin Cash Stress Test is a community driven stress test of the Bitcoin Cash network […]

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CNBC’s Brian Kelly: Current Bear Trend ‘By No Means’ Funeral for Bitcoin

Bitcoin analyst Brian Kelly points out three major reasons why the current bear market is not a reason to hold a funeral for the cryptocurrency. The current bear market is not a funeral for Bitcoin (BTC) “whatsoever,” CEO of BKCM LLC investment firm Brian Kelly said on CNBC’s Fast Money segment June 22. We tried to have a funeral for #Bitcoin as it fell below $6K, but @BKBrianKelly is still a believer. Here’s why he thinks the cryptocurrency will resurrect pic.twitter.com/B8ozbzPsfJ — CNBC’s Fast Money (@CNBCFastMoney) June […]

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Since Twitter Won’t Stop Crypto Scammers, These Services Will

One of the most maddening things about lookalike Twitter scammers has been Twitter’s unwillingness to do anything about them. It’s not a complex problem to solve, and yet for months the micro-blogging service has prevaricated while the gullible public has given their ether away to flagrant scammers. A couple of third party services have now sprung up promising to solve the problem. If Twitter can’t stop crypto scammers, they will. Also read: Bitcoin Funded Silk Road Performance Earns a Residency at Trafalgar Studios Developers Are Taking Matters Into […]

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