Day: November 10, 2018

McAfee: Bitcoin (BTC) At $1 Million By 2020 Is “Conservative”

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The True Value Of Bitcoin (BTC) Is Escalating Tremendously John McAfee, a well-known tech-centric entrepreneur turned crypto diehard, recently sat down with CoinTelegraph in an exclusive interview to discuss his views on the current state of crypto. Interestingly, even as prices stagnate and remain 72% under the infamously funny “McAfee Dick Line,” the eccentric crypto savant has maintained his thought process that Bitcoin (BTC) will somehow surpass $1 million during 2020, a mere ~18 months away. Late into the interview, the Cointelegraph interviewer posed a tough question — asking McAfee how…

Interchain Live: Bringing Blockchain to Vermont

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Interchain Live: Bringing Blockchain to Vermont November 10, 2018 by Evan Faggart Interchain Live is a YouTube Channel ran by Interchain LLC. founder Ryan Munn. With his channel, Ryan interviews business people from the blockchain industry, and advocates for adoption of the technology in his home state of Vermont. Also see: Aivon: Using AI to Search Videos in Totally New Ways Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts Munn: Vermont Is a Great Place for Blockchain Speaking to Bitsonline at the 2018 CoinAgenda Global…

Mining Giant Bitmain Sues Unknown Hacker for Alleged Theft of $5.5 Million in Crypto

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China-based Bitcoin (BTC) mining giant Bitmain has sued an anonymous hacker for the alleged theft of cryptocurrency worth $5.5 million from Bitmain’s account on Binance in April, according to a lawsuit filed with the U.S. District Court for the Western District of Washington at Seattle on Nov. 7. As stated in the court document, an unknown hacker, referred to as “John Doe” in the case, managed to take over Bitmain’s Binance account and used stored Bitcoin to manipulate the price of altcoin Decentraland (MANA) and then steal the profits. Bitmain…

Why Did BAT Lose 28% of its Value Overnight After Coinbase Listing?

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Twitter Facebook LinkedIn Since November 8, within a 48-hour period, Basic Attention Token (BAT) lost 28 percent of its value following a high profile Coinbase listing. On Friday, as CCN reported, BAT declined by around 20 percent against the US dollar. In the last 24 hours, BAT dropped by yet another eight percent, recording a 28 percent decline in value in a two-day span. The substantial drop in the price of BAT follows the official integration of the digital asset by Coinbase, the largest fiat-to-crypto exchange in the global market.…

Germany’s financial watchdog stops a British-crypto company on its tracks

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A British-crypto company has attracted the scrutiny of Germany’s financial watchdog due to regulatory concerns. The British firm, Fanatex LTD, based in the United Kingdom, has been ordered to immediately restrain itself from offering international ‘proprietary trading.’ BaFin, the federal financial watchdog in Germany, indicated that Finatex LTD, through its trading platform: “Offers options and contracts for difference (CFDs) on shares, indices, currencies, and commodities. In facilitating customers’ access to the options and contracts offered, the company is conducting proprietary trading within the meaning of section 1 (1a) sentence 2…

$20 Trillion US Debt Will Inevitably Lead to Big Crypto Boom: Voorhees

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Twitter Facebook LinkedIn ShapeShift CEO Erik Voorhees has said that the growing debt of the US, which hovers at around $21.7 trillion as of November, will inevitably cause a big spike in crypto. “When the next global financial crisis occurs, and the world realizes organizations with $20 trillion in debt can’t possibly ever pay it back and thus must print it instead, and thus fiat is doomed. Watch what happens to crypto.” Voorhees suggested that to repay the national debt, the government and the federal reserve will be forced to…

New Crypto Battle Game Launches Where Skills, Not Collectibles, Matter

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Crypto games are all the rage right now – but for all of the talk about collectibles one blockchain startup says there’s a key element which is being overlooked: skill. Ether Kingdoms believes gamers want more than an opportunity to collect virtual assets – and it has created an “exciting and engrossing game that can make real money for the player.” At the heart of its universe are imps – “the kingdom’s main workers and warriors.” They can go mining for IMP tokens – with one IMP equal to a…

Blockchain Will ‘Take a Little Longer’ to Develop Than the Web

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Blockchain will “probably take a little longer” to develop than the internet, because it is “much more complicated,” ConsenSys creator Joseph Lubin told German media outlet t3n in an interview, Cointelegraph auf Deutsch reported Nov. 9. Lubin, who is also the co-founder of Ethereum (ETH), told reporters that blockchain technology is developing in a similar way to the web, citing its exponential growth with “hundreds of projects that are already practical for humans” to date. Based on blockchain’s use case for decentralized cryptocurrencies, the digital entrepreneur also suggested that distributed…

Bitcoin Cash Miners Break Records Processing Multiple 32 MB Blocks

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On Saturday, Nov. 10, the operation BMG mining pool mined multiple 32 MB blocks on the Bitcoin Cash (BCH) network. The first block at height 556034 was the biggest block ever mined on the BCH chain and the process confirmed over 166,000 transactions. A couple of hours later, BMG pool mined 4 more 32 MB blocks confirming another 166K of pending transactions each.  Also read: Growing Number of Crypto Companies Operating From Belarus BMG Pool Mines the First 32 MB Block Confirming Over 166,000 BCH Transactions Bitcoin Cash supporters have a…

FATF Guidelines Updated to Combat Money-Laundering and Terrorism Financing in Europe

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Regulation has been a major talking point in the cryptocurrency sphere in 2018 – mainly due to the monumental crypto-craze in 2017. This has come to the fore in Europe, after the Financial Action Task Force (FATF) updated its policy on cryptocurrencies in October, which were initially established back in 2015. To understand the implications of these refurbished guidelines, one needs to understand the role of the FATF and its involvement in the regulation of cryptocurrencies. FATF and crypto Established in 1989, by the G7, the FATF is responsible for…