Online Cash Bitcoin Could Challenge Governments, Banks

Minimalist · Jun 20, 2020

3 Ways Bitcoin Traders Can Spot and Avoid Crypto Market Manipulation

Institutions have embraced Bitcoin but BTC whales still impact the crypto market by using hidden orders and wash trading.
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https://cointelegraph.com/news/3-ways-bitcoin-traders-can-spot-and-avoid-crypto-market-manipulation

Minimalist · Jun 21, 2020

Developer Who Successfully Hacked Bitcoin Wallet Ensures Bitcoin Is Still Safe

John Cantrell, Bitcoin and Lightning Network project developer, recently revealed he had successfully hacked a Bitcoin address. His article, however, received a number of responses with many concluding Bitcoin isn’t secure. Cantrell felt people missed the point of the exercise so, in a tweet thread on June 19, explained and ensured people that despite hacking a wallet, Bitcoin is still safe.
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https://cointelegraph.com/news/deve...-bitcoin-wallet-ensures-bitcoin-is-still-safe

Minimalist · Jun 21, 2020

Ethereum 2.0 Should Be Secure and Scalable but Poses Risks for Users

While being a vital part of the transition to more scalable and secure blockchain, the Ethereum 2.0 upgrade can incur some risks for stakers, holders and traders.
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https://cointelegraph.com/news/ethereum-20-should-be-secure-and-scalable-but-poses-risks-for-users

SAustn2 · Jun 21, 2020

Never understood how to make currency out of electricity other than selling electricity. Just doesn't seem right to me.

guest · Jun 24, 2020

PayPal and Venmo to “allow buys and sells of crypto directly”
June 24, 2020
https://www.fintechfutures.com/2020/06/paypal-and-venmo-to-allow-buys-and-sells-of-crypto-directly/

The payments giant has roughly 325 million users, prompting many in the industry to call this news – which has not yet been verified by PayPal – a major win in the route to mass consumer adoption of cryptocurrency.

PayPal currently allows users to withdraw funds from exchanges such as San Francisco-based Coinbase – which it has been working with since 2016. But a CoinDesk source says the firm is “going to have some sort of a built-in wallet functionality so you can store it [cryptocurrency]” on PayPal’s and Venmo’s platforms directly.
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guest · Jun 24, 2020

Cryptocurrency Pump and Dump Scams
June 24, 2020
https://www.schneier.com/blog/archives/2020/06/cryptocurrency_.html

Really interesting research: "An examination of the cryptocurrency pump and dump ecosystem":

Abstract: The surge of interest in cryptocurrencies has been accompanied by a proliferation of fraud. This paper examines pump and dump schemes. The recent explosion of nearly 2,000 cryptocurrencies in an unregulated environment has expanded the scope for abuse.
[...]
Our findings provide the first measure of the scope of such pumps and empirically document important properties of this ecosystem.
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Minimalist · Jun 27, 2020

The Great Estonian Exodus — Crypto Firms Are Leaving Estonia

After the great rise in national crypto regulation in Estonia, the new European Union laws have forced the crypto industry to leave the country.
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https://cointelegraph.com/news/the-great-estonian-exodus-crypto-firms-are-leaving-estonia

Minimalist · Jun 27, 2020

South Korea Looks to Track Crypto Transactions in Light of Recent Scandal

A South Korean government agency aims to trace crypto transactions conducted on the dark web by developing an AI-based software.
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https://cointelegraph.com/news/sout...rypto-transactions-in-light-of-recent-scandal

Minimalist · Jun 27, 2020

Crypto Lending: The Ultimate Killer App?

Using digital assets to earn yields and borrow capital became possible thanks to crypto lending, one of the fastest-growing sectors in the crypto ecosystem.
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https://cointelegraph.com/news/crypto-lending-the-ultimate-killer-app

Minimalist · Jun 28, 2020

Decred Co-Founder Calls PayPal and Crypto 'An Odd Combination'

PayPal could be gearing up to work with crypto assets, according to recent rumblings, although Decred co-founder Jake Yocom-Piatt is unsure of those rumors' validity.

“It's hard to say whether these are rumors or not regarding PayPal accepting cryptocurrencies soon," Yocom-Piatt told Cointelegraph via email correspondence when asked about the rumors.
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https://cointelegraph.com/news/decred-co-founder-calls-paypal-and-crypto-an-odd-combination

guest · Jul 1, 2020

FCA estimates about 2.6 million Brits have bought cryptocurrency
July 1, 2020
https://www.computerweekly.com/news...t-26-million-Brits-have-bought-cryptocurrency

The Financial Conduct Authority (FCA) estimates that 2.6 million people in the UK have bought cryptocurrency, with a significant increase in the past 12 months.

Following online research, conducted by YouGov, the FCA estimates that 1.9 million still hold cryptocurrency, with half of them holding more than £260 worth.
It found that while most owners of cryptocurrency in the UK are knowledgeable, many do not realise they are not protected by regulation.
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The online survey revealed that most people who own cryptocurrencies in the UK are knowledgeable about them, and understand there is a lack of regulation and a risk that prices are volatile. Most owners surveyed (83%) bought their cryptocurrency through non-UK exchanges.
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guest · Jul 1, 2020

Someone Mysteriously Sent Almost $1 Billion in Bitcoin
An unknown person or entity just sent a whole lot of money while hiding in plain sight
June 30, 2020
https://www.vice.com/en_us/article/...iously-sent-almost-dollar1-billion-in-bitcoin

For all of the grief Bitcoin gets, here's something entertaining: Someone transferred bitcoins worth close to $1 billion USD on Tuesday morning, a move that was public for everyone to see while the identities of the sender and receiver remain unknown.

Big money moves hiding in plain sight tend to be events of some interest among Bitcoiners. Decrypt noted that the sending wallet was recognized as the largest Bitcoin wallet not known to be associated with a business such as an exchange.
This means that it could belong to a wealthy private individual, or it could really belong to an exchange, investor, or other business that is simply currently unknown.
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If the transfer wasn't legit, well, pseudonymity and the ability to freely move money without the pre-approval of an authority is the point of Bitcoin.
Besides the Bitcoin mystery at hand, a transfer of roughly $1 billion last year also became an item of interest. And just weeks ago, cryptocurrency-watchers were scratching their heads over a small Ethereum transaction that attached millions of dollars in fees.
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Minimalist · Jul 3, 2020

Vitalik Buterin Uses Questionable Historical Comparison to Explain Crypto Tribalism

Ethereum (ETH) co-founder Vitalik Buterin tweeted that TRON (TRX) sympathizers within the Bitcoin (BTC) community are a “perfect example” of German Nazis aligning with Japan during the Second World War.

Vitalik drew the questionable comparison in a reply to Bitcoin activist and independent developer Udi Wertheimer, who tweeted: “#Tron > #Ethereum”.
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https://cointelegraph.com/news/vita...orical-comparison-to-explain-crypto-tribalism

Minimalist · Jul 3, 2020

Law Decoded: Independence Day Sees Challenges to Privacy, Property and Security, June 26–July 3

Every Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law.
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https://cointelegraph.com/news/law-...o-privacy-property-and-security-june-26july-3

Minimalist · Jul 4, 2020

The Most Famous Financial Pyramids in the Crypto World

Crypto itself has only been around for a decade, and the space has already gained its top Ponzi scheme actors. Here are three of them.
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https://cointelegraph.com/news/the-most-famous-financial-pyramids-in-the-crypto-world

Minimalist · Jul 4, 2020

Is blockchain breaking the shackles of its criminal reputation?

A few years ago at the height of the blockchain boom, scarcely a day would pass without getting a whitepaper about the latest initial coin offering (ICO). The quality of these ICOs was hugely variable, and their frequency prompted the Securities and Exchange Commission (SEC) to issue a warning for investors that ICOs were being used by scammers to execute “pump and dump” schemes in which the value of the ICO was inflated before the coins were dumped for a tidy profit.
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https://cybernews.com/security/is-blockchain-breaking-the-shackles-of-its-criminal-reputation/

Minimalist · Jul 5, 2020

Biggest Corporations Sceptical of Introducing Crypto Payment Option

Are traditional business enterprises ready to embrace a blockchain-based payments network? Maybe not, according to two research reports.
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https://cointelegraph.com/news/biggest-corporations-sceptical-of-introducing-crypto-payment-option

Minimalist · Jul 5, 2020

UNICEF Crypto Fund to Invest $100K in Humanitarian Blockchain Projects

UNICEF’s crypto fund is looking for blockchain startups from emerging countries that tackle COVID-19 and humanitarian challenges.
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https://cointelegraph.com/news/unicef-crypto-fund-to-invest-100k-in-humanitarian-blockchain-projects

guest · Jul 5, 2020

Ravencoin Hackers Exploit Bug to Mint $1.5% of Tokens
July 5, 2020
https://atozmarkets.com/news/ravencoin-hackers-exploit-bug-to-mint-1-5-of-tokens/

Rogue actors have reportedly exploited a blockchain vulnerability on the Ravencoin (RVN) network to print 315 million additional RVN tokens worth about $5.7M.
Ravencoin hackers minted about 1.5% of the total supply
The Ravecoin network announced the news of the attack via a Medium blog post on Thursday, July 2, 2020. According to the post, the CryptoScope team alerted Ravencoin to the incident. Both teams worked together not to release particulars of the vulnerability to prevent copycat attacks.

Rogue actors were able to carry out the action as a result of a vulnerability in the Ravencoin protocol.

“Being open source is not a panacea for a project’s security. It must have a sufficiently large set of skilled active developers.”
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guest · Jul 6, 2020

Expedia, Travala.com join forces to bring cryptocurrency payments to travel
Up to 30 different forms of cryptocurrency can be used to book trips away
July 6, 2020
https://www.zdnet.com/article/exped...s-to-bring-cryptocurrency-payments-to-travel/

At a time when the travel industry has been forced onto its knees due to worldwide travel bans, flight cancellations, airlines going bust, and quarantine restrictions, some companies hope to trigger growth through innovation.

A new partnership between the travel giant and accommodation booking platform will now facilitate the booking of Expedia's 700,000 hotels and accommodation options on the Travala.com platform via cryptocurrency, the companies said in an announcement on Monday.
In total, over 30 different forms of virtual currency can be used, including Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), and AVA, the latter of which is a digital coin offered directly by Travala.com.
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Minimalist · Jul 6, 2020

Trading Begins for New Treasury-Based, SEC-Registered Digital Security

Arca launches Ethereum-based trading for new fund based on shares in U.S. Treasury securities.
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https://cointelegraph.com/news/trading-begins-for-new-treasury-based-sec-registered-digital-security

guest · Jul 6, 2020

CEO of Alleged $16M Cryptocurrency Scam Declared Bankrupt
July 7, 2020
https://cointelegraph.com/news/ceo-of-alleged-16m-cryptocurrency-scam-declared-bankrupt

Willie Breedt, a South African national accused of stealing up to $16.3 million from around 2,000 investors via his VaultAge Solutions scheme, has reportedly been forced into bankruptcy by a local court.

According to a recent report from News24, the sequestration order was initiated on July 3 by Simon Dix — one of VaultAge’s largest investors, who entrusted Breedt with 7.5 million South African rand, or $440,000.
VaultAge Solutions was founded in 2018, promising weekly returns on customer deposits through crypto mining and trading and accepting deposits starting from $50. The scheme’s investors have allegedly received only 1% of expected gains.
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Minimalist · Jul 10, 2020

DeFi Crypto Lenders - Who Offers the Highest Yield for Depositors?

With the growth of DeFi applications, crypto lending, margin exchanges, and stakable cryptocurrencies over the last few years, it can be difficult to know where the best yields for your idle capital are. Following on from our guide to crypto yield farming, this survey looks into the major crypto lending platforms and examines the different interest rates offered by them.
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https://bravenewcoin.com/insights/best-crypto-interest-rates

Minimalist · Jul 11, 2020

Hacker stole 336 BTC from Crypto exchange Cashaa

Cryptocurrency exchange Cashaa said hackers took 336 bitcoin from one of its wallets. The company has stopped all crypto-related transactions.
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https://cointelegraph.com/news/hacker-stole-336-btc-from-crypto-exchange-cashaa

Minimalist · Jul 11, 2020

Presidential Campaigns and Tiktok: Bad Crypto News of the Week

It’s been another good, stable week for Bitcoin. No big breakout yet but also no sudden collapse and a comfortable rise of around 1.6 percent. If that sounds like Bitcoin is becoming a bit predictable, don’t rest too easy. Some analysts see this sideways period as the prelude to a big move—either up or down. Other analysts, though, are more positive. They see Bitcoin in the same place that Apple was in pre-iPhone days. They think it could reach $60,000 by 2023.
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https://cointelegraph.com/news/presidential-campaigns-and-tiktok-bad-crypto-news-of-the-week

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