Day: November 10, 2018

Shapeshift’s CEO about Vitalik Buterin: “Ethereum Is Better Because He’s Involved.”

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Erik Vorhees In a short conversation with Ran Neuner, host of CNBC’s Crypto Trader, Eric Vorhees, CEO of ShapeShift shared his views on the future of cryptocurrencies and blockchain technologies. According to Vorhees, there are many exciting things in the crypto-verse, beyond the pure speculation that many people tend to focus on: “Whenever I come to these events, I get reminded about the actual interesting work that’s happening. In the normal social media, there is always a lot of hype, and you can never see what’s real, but you come…

Wrapping up Devcon4 – The Coinbase Blog

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Last week, more than 3,000 blockchain engineers, thinkers and investors descended on the city of Prague for the 4th Annual Ethereum Developers Conference. The ethos of an open financial system was on full display as everyone came together to ideate on and solve some of the toughest challenges facing Ethereum and blockchains today. Here’s a quick look at some of the highlights from our week. DeFi SummitWe kicked off the week at DeFi Summit, the second event in a new series hosted by a number of startups building the new…

Early Win for Shrem: Judge Unfreezes Assets in Winklevoss Lawsuit

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In a short-term win for bitcoin advocate Charlie Shrem, a federal judge has lifted the freeze on Shrem’s financial accounts in an ongoing legal battle against the Winklevoss twins. Shrem’s financial accounts and assets were temporarily frozen via an attachment order following the suit’s initial filing. The order allowed the U.S. Marshall for the Southern District to freeze Shrem’s assets, instructing cryptocurrency companies like Coinbase and Xapo and legacy financial institutions to freeze Shrem’s assets up to $30 million, the amount the Winklevosses are seeking in damages. However, following a…

Investor Lawsuit Brought Against AT&T, T-Mobile for SIM Swapping Hacks

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Leading cryptocurrency investor law firm Silver Miller Law has filed suit against cell phone giants AT&T and T-Mobile on behalf of several digital asset investors who were victims of the identity-theft tactic known as “SIM swapping.” The suit alleges that both companies possessed flaws in their security systems and failed to properly train their employees to work against hackers seeking to gain access to users’ smartphones. SIM swapping occurs when a hacker gathers information on a potential victim, such as their phone password, answers to their security questions and their…

Ripple Bullish as Bitcoin Steady above $6,000

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Latest Bitcoin News As the industry grow, regulation is important even if Bitcoin and other blockchain projects agitate for complete decentralization and decoupling from government influence. But when reality sets in and advocates realize that the industry can’t get away with fiat if liquidity and volatility is to reign then the importance of Business Growth and Transformation bill (PACTE) which President Macron is working hard for will even be clearer. If everything goes as plan and the legislators approve an amendment bill seeking to reduce capital gains tax from 36…

Bitcoin ETF Could Attract Billions in New Investment: VanEck

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Twitter Facebook LinkedIn A bitcoin ETF could attract billions of dollars in new investments, so the Securities and Exchange Commission (SEC) should treat pending proposals as an opportunity to regulate the crypto market, said crypto exchange-traded fund advocate Gabor Gurbacs. Gurbacs, the director of Digital Assets Strategy at VanEck, made this claim during an interview with CNBC Africa’s Crypto Trader. The comments came in the wake of VanEck’s persistent requests to the US securities regulator to approve their bitcoin ETF proposals. The SEC so far has rejected nine similar proposals,…

Tim Draper Stands by His Bitcoin Price Prediction of $250K in 2022

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Venture capital investor Tim Draper reaffirmed his prediction that the Bitcoin (BTC) price will reach $250,000 by 2022, during a panel discussion at the Web Summit summit conference Nov. 6 Draper initially predicted that the BTC price will surge up to $250,000 in April of this year. “Believe it, it’s going to happen – they’re going to think you’re crazy but believe it, it’s happening, it’s going to be awesome!,” Draper said then. When asked at the recent Web Summit conference whether he still thinks the BTC price will experience…

IOT/USD, EOS/USD, ADA/USD, XLM/USD, LTC/USD Price Analysis

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After days of lower lows and dry fundamentals, Stellar Lumens—XLM/USD, Cardano—ADA/USD and IOTA—IOT/USD pairs are trading within a bullish breakout patterns and likely to print higher as the week close. But still, we shall maintain a bullish outlook on EOS/USD and LTC/USD aware that if the latter find support at $50, odds are prices will rise above $60 igniting buy pressure. Let’s have a look at these charts: EOS/USD Price Analysis In the midst of relentless sell pressure, EOS/USD upsides have been clipped. So far, prices are down 2.5 percent…

ICO Exit Scam? 13,000 Ethereum (ETH), Crypto Startup Disappear Overnight

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South Korean ICO Steals $2.7 Million In Ethereum (ETH) Although the fear of scams in the nascent crypto industry is often well overblown, on Friday, reports arose that an apparently South Korea-based crypto-centric startup pulled a devastating exit scam on its private sale investors, stealing thousands of Ethereum (ETH) in the process. Korean Cryptocurrency & Blockchain News (BlockchainROK), a well-respected source inside and outside of the nation’s local crypto ecosystem, took to Twitter to convey the news to their followers, issuing a message on the subject matter. ?? – New…

Next-Generation Blockchain or Crypto Scam?

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Twitter Facebook LinkedIn Several reports from the NEO underground have been grumbling about a fork of NEO calling itself “NEO Super.” The venture launched, seemingly apropos of nothing at all, and boasts only one real project, a wallet service that some community members fear could very likely be an effort to scam NEO users out of their private keys. On further investigation, this reporter finds that the NEO Super project is, in fact, an effort to “snapshot” the NEO blockchain and utilize it on the Ethereum network, complete with “mining…