Monthly Archives: July 2018

Mythbusting: Why Bitcoin Can Never Go to Zero

Bitcoin detractors always spout that the coin will go to zero, but is that even a possibility nowadays? Bitcoin’s polarizing effect has people on both ends of the scale either proclaiming it is going to the moon or it is going to zero. The volatile, unprecedented, and revolutionary monetary system that is cryptocurrency has a future that not many can accurately predict, but as time has gone on, the idea that Bitcoin is going to zero seems more and more far fetched. A number of commentators, just […]

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Cryptojacking Rises as Ransomware Declines, Cyber Security Researchers Find

Two of the leading international cyber security firms, one from Russia and one from the USA, have both published their finds at the end of June showing an increase in the malware threats market share of cryptojacking at the expense of ransomware. Also Read: Police Forces Seize Over €4.5M in Crypto From Darknet LSD Market New Crypto Crime Top Dog Kaspersky Lab, the Moscow, Russia-headquartered cyber security firm, has determined that cryptojacking has taken the place of ransomware as top cyber bad dog in 2018. Their data […]

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Bitcoin Cash Community Embraces Zero Confirmation Transactions

Over the past few weeks, the Bitcoin Cash (BCH) community has been discussing the subject of merchants accepting zero confirmation BCH transactions. Lots of BCH merchants have been accepting zero confirms lately as well, making the discussion topical again as it was a few years ago. Also read: Russian Railways Eyes Crypto for Tickets, Blockchain for Cargo Zero Confirmation Transactions and the Bitcoin Snack Machine Zero confirmation transactions are transactions that are broadcast to the network but have not been etched into the blockchain. People like the […]

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Philippines’ Economic Zone Creating Crypto Regulations, Licensing 25 Exchanges

The authority of the Filipino government-owned economic zone is drafting regulations for cryptocurrencies and planning to limit the number of licenses it issues to 25. Other rules include the requirement for each crypto exchange to invest at least US$1 million within 2 years. The authority has reportedly received about 60 applications from crypto companies so far. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Drafting Crypto Regulations Philippines’ Cagayan Economic Zone Authority (CEZA) is “crafting rules to safeguard cryptocurrency investors,” according to the Philippine News Agency, […]

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Bitcoin Price Analysis: New Low on Low Volume Breeds Potential Bullish Set-up

Bitcoin sits precariously perched at the bottom of the annual market low and many bitcoin investors aren’t sure what to make of it. Although the market seems to be continuing its drift to new lows with greater and greater ease, there are a couple of bullish signals worth considering while the market continues to consolidate:  Figure 1: BTC-USD, Daily Candles, New Market Low On Friday, June 29, 2018, for the first time this year, the daily candles closed below the annual low of $6,000s. However, something to […]

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Hodler’s Digest, June 24-July 1: Facebook Brings Back Crypto Ads, the ‘Woz’ Calls Bitcoin ‘Just Amazing’

Facebook ends its crypto ad ban FUD, the Woz calls blockchain a “bubble,” and more in this week’s Hodler’s Digest. Coming every Sunday, the Hodler’s Digest will help you to track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions, and much more — a week on Cointelegraph in one link. Top Stories This Week Facebook Ends Cryptocurrency Ad Ban, Keep ICO Ban Active Facebook will no longer ban ads related to cryptocurrencies, but will […]

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European Police Forces Seize Over €4.5M in Crypto From Darknet LSD Market

It appears that there is an international crackdown on darknet marketplaces trading cryptocurrencies for recreational drugs. Soon after American undercover agents exposed dozens of vendors, European forces conducted what Europol calls “Europe’s biggest ever LSD bust.” Also Read: US Authorities Seize Over $20M in Crypto in Massive Darknet Crackdown “Europe’s Biggest Ever LSD Bust” The European Union Agency for Law Enforcement Cooperation (Europol), formerly known as the European Police Office and Drugs Unit, has revealed that Spain’s Guardia Civil and Austria’s Federal Police have raided a network […]

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This Week in Bitcoin: Expanding Exchanges, New Crypto Fund, Patent, and Laws

In this week’s editions of Bitcoin in Brief we’ve covered a number of interesting developments in the crypto space. Several prominent exchanges have announced plans to increase their presence in new markets and locations, while a newly launched platform aims to rate them according to their liquidity, security, and volume. The weekly roundup also mentions a $300 million venture fund launched by Andreessen Horowitz, a new crypto vault offering safe storage in Switzerland, a patent promising to prevent the next Mt. Gox, and more. Also read: Huobi […]

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Controversial Tezos Project Announces Launch of ‘Betanet’

The Tezos Foundation has officially announced the launch of their beta network, claiming that users will be able to start validating in about three weeks. The Tezos Foundation has launched its beta network, calling the move an “inflection point” for the project, according to an official statement June 30. According to Tezos’ statement, the team has proposed the genesis block of their so-called ‘betanet,’ and transactions can be processed on the network. The Tezos team also stated that users can start validating blocks or ‘baking’ after the […]

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Mainstream Media Believes Satoshi Nakamoto is Back

Should Satoshi Nakamoto ever return, it would probably be bad for bitcoin but great for clicks. The mainstream media (MSM) would have a field day, just as they did when they “identified” Craig Wright as bitcoin’s creator. The search for Satoshi and quest for clickbait intensified this week after Bloomberg asserted that bitcoin’s founder is back – and writing a book no less. Also read: Are You Ready for What Happens If Satoshi’s Coins Move? Satoshis, Faketoshis, and False Prophets Satoshi Nakamoto is everywhere and nowhere, everyone […]

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