Day: August 26, 2018

Mt. Gox is preparing to return $1B in stolen Bitcoin to Affected Users

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On August 21, 2018, Mt. Gox announced it was preparing to give back around $1 billion in bitcoin to the victims of the exchange rampage. Mt. Gox Retrospective It seems that Mt. Gox is going to finally refund bitcoin to the affected users following the exchange saga. The MT. Gox infamy began in early 2014 and involved over a billion dollars in lost cryptocurrency. After a long wait, the victims are now one step closer to retrieving their stolen coins. According to a press release posted on the company’s website,…

Crypto Week In Review: Regulatory Worries Galore, Market Hesitantly Heads Upwards

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The crypto market made a cautious move upwards this week, even as regulators sought ways to correctly address this nascent, yet controversial industry. SEC Denies 9 Bitcoin ETF Applications… Or Did They? On Wednesday afternoon, the hearts of all crypto investors stopped, as the U.S. Securities and Exchange Commision announced that it would be denying nine Bitcoin-backed ETF proposals from ProShares, Direxion, and GraniteShares. While the nine ETFs were inherently dissimilar, with some offering leverage, shorting, and other unique features, the reasons for denial were near-identical across the SEC’s three documents…

Pillar Project: Regain control over your personal data

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If we reflect on the original purpose of the internet, it was to provide global access to data and communications. Free to use and decentralised by design, it provided the perfect platform to share research and to maintain global defence and surveillance. Fast forward to 2018 – have we drifted too far from the worthy intentions of its creators? Whether it’s Facebook, LinkedIn or TFL, our personal information is being stored and monitored. Websites monetise our data, sometimes without our permission. And what if the data is lost or stolen?…

Ripple CTO Holds Bitcoin despite Thinking Proof-Of-Work Has no Future

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David Schwartz, one of the original architects of the Ripple consensus network, doesn’t see XRP being the one digital asset to rule them all any time soon and holds an unspecified amount of bitcoin despite calling its Proof-of-Work consensus algorithm a “technological dead-end.” Ripple CTO Offers Interesting Insight David Schwartz, the newly appointed CTO and former chief cryptographer at Ripple, hosted an AMA session on The Next Web earlier this week, answering some of the hottest questions today and providing insight into the company’s future. Despite Ripple being one of…

Bitcoin Price Weekly Analysis: BTC/USD Poised To Test $7,000

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Key Points Bitcoin price gained traction recently and moved above the $6,550 resistance against the US Dollar. There is a crucial bullish trend line in place with support at $6,650 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair might dip a few points, but it remains supported above the $6,650 and $6,550 levels. Bitcoin price is positioned nicely in a bullish zone above $6,550 against the US Dollar. BTC/USD is likely to trade towards the $6,900 and $7,000 levels in the near term. Bitcoin…

Bitcoin Cash Price Weekly Analysis: BCH/USD Reaching Crucial Juncture

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Key Points Bitcoin cash price failed to gain momentum above the $540 level and declined against the US Dollar. There is a major bearish trend line formed with resistance near $535 on the 4-hours chart of the BCH/USD pair (data feed from Kraken). The pair must stay above the $500 and $510 support levels to avoid a downside break in the near term. Bitcoin cash price is showing a few bearish signs below $540 against the US Dollar. BCH/USD could make the next break either above $540 or below $500.…

Ethereum Price Weekly Analysis: ETH/USD’s Struggle to Rise Continues

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Key Highlights ETH price attempted a recovery above the $275.00 level, but it failed to gain traction against the US Dollar. There is a major bearish trend line formed with resistance at $280 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair must accelerate above the $282 and $285 levels to recover further in the near term. Ethereum price is struggling to gain traction versus the US Dollar and Bitcoin. ETH/USD could climb higher if buyers gain control above the $285 level. Ethereum Price Resistance There was…

The Most Common Mistakes in ICO Marketing

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Starting a small business is challenging whether you’re riding one of the hottest tech trends in Silicon Valley — or not. In the cryptocurrency sector, stories that come to mind include the Telegram initial coin offering (ICO) raking in over a billion dollars, the ICOs narrowing the funding gap with IPOs and those ridiculous projects that have fooled so many.  All these stories underscore the erroneous notion that you just have to say “blockchain” and money and success will follow. That’s not reality, of course: ICOs run into problems, and as someone who, myself, has helped…

Bitcoin Journalist Pioneer: Jamie Redman Has Over 2,000 Articles Published

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Journalist Jamie Redman is a pioneer. He’s one of first writers in the world to make his living by covering the cryptocurrency ecosystem. Readers count on his good judgement, perspective, careful study, and nonstop production to give them insight literally no one else can. He’s also the lead writer at news.Bitcoin.com, and is prized by colleagues for his energy and positivity. He’s recently crossed being published over 2,000 times here at the news desk. The number is impressive for sure, but it is also time to reflect on his body…

U.S. SEC Pledge to Review Bitcoin ETFs Disapproval

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Bitcoin Exchange Traded proponents were left disappointed on Wednesday when the US Securities and Exchange Commission (SEC) staffers disapproved nine ETF filings. However, according to a Reuters report on August 24, 2018, there appears to be a glimmer of hope for ETF hopefuls as the SEC’s top officials are set to review those decisions. Not over yet As previously reported by BTCManager, the SEC rejected the Bitcoin ETF application of ProShares, GraniteShares, and Direxion on August 22, 2018, stating that their filings did not meet the requirements and that they…