Day: December 25, 2018

Altcoin Bitcoin Private Confirms Additional 2 Million Coins Secretly Premined

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The development team behind altcoin Bitcoin Private (BTCP) has confirmed the creation of 2.04 million units of BTCP “that were never intended to exist on the blockchain,” according to an official statement published Dec. 24. On Dec. 23, digital assets analytics website Coin Metrics published a report revealing that during the import of Bitcoin (BTC) chain data, an additional 2.04 million units of altcoin BTCP — about $3.9 million at press time — were secretly minted. Per the project’s white paper, the total supply of BTCP is equal to around…

Crypto Rout Extends to Institutional Investors as Bitcoin Plans Put on Hold

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Institutional investors and developers in the Bitcoin space are increasingly looking to the exit after 2017’s crypto-mania is coming to a halt in terms of price. Once lauded to usher in the next wave of crypto products, financial heavyweights are stalling efforts to build infrastructure around the pioneer cryptocurrency, reported Bloomberg on December 23, 2018. Bitcoin’s Down Ride In early-2018, news about Goldman Sachs launching its bitcoin futures trading desk made the rounds and resulted in brief speculation for the upcoming institutional embrace of the volatile asset class. Similar reactions…