Month: December 2018

Bitcoin History Part 7: The First Major Hack

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Featured Hacks and heists have been a threat for as long as bitcoin has been worth stealing. By 2011, as Bitcoin was easing into its second year of life and its first bubble, early cryptocurrency exchanges were bringing liquidity and price discovery to the nascent ecosystem. At the same time, they were providing an outlet for thieves to offload stolen coins, which they proceeded to do by the thousands. Also read: Bitcoin History Part 6: The First Bitcoin Exchange No One Remembers the First Major Bitcoin Hack Certain hacks have…

Economist Claims Investors Should Expect Volatile Stock Market in 2019

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Following the recent downturn in the US stock market, investors have now bore witness to wild market volatility, the likes of which haven’t been seen in years. Although the markets are ending 2018 on a less-than-positive note, one prominent economist now claims that massive daily price swings will become a new reality for the markets in 2019. The recent comments came from Mohammed El-Erian, the chief economic advisor at Allianz SE, during an interview with Fox News Sunday on December 30th. El-Erian importantly noted that although the markets may see increased…

Bitcoin, Ripple, Ethereum, Bitcoin Cash, EOS, Stellar, Litecoin, Bitcoin SV, TRON, Cardano: Price Analysis, Dec. 31

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The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. It is the last day of a very tough year for crypto traders. While 2018 started on an upbeat note, it is ending with uncertainty. Traders and analysts are divided on whether cryptocurrencies have bottomed out. This, in a way, is good, because markets…

Jimmy Song: There’s Daylight Between Bitcoin (BTC) And Crypto Assets

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2018 Was The Year “Bitcoin Separated From The Pack” Jimmy Song, a leading Bitcoin (BTC) educator, developer, and proponent known for his penchant for hats, recently took to his well-followed Medium channel to give an end-of-year update regarding the cryptosphere. Song, an often outspoken advocate for BTC maximalism and colloquially-dubbed “s***coin minimalism”, claimed that 2018 was the that Bitcoin separated itself from the pack. View story at Medium.com The decentralist claimed that at heart, Bitcoin is a “social innovation and movement,” as its inherently a form of money — a leading social convention.…

Jimmy Song: There’s Daylight Between Bitcoin (BTC) And Crypto Assets

boss

2018 Was The Year “Bitcoin Separated From The Pack” Jimmy Song, a leading Bitcoin (BTC) educator, developer, and proponent known for his penchant for hats, recently took to his well-followed Medium channel to give an end-of-year update regarding the cryptosphere. Song, an often outspoken advocate for BTC maximalism and colloquially-dubbed “s***coin minimalism”, claimed that 2018 was the that Bitcoin separated itself from the pack. View story at Medium.com The decentralist claimed that at heart, Bitcoin is a “social innovation and movement,” as its inherently a form of money — a leading social convention.…

Bitcoin Could Revolutionize Governance, Says Cypherpunk Jameson Lopp

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Jameson Lopp — a crypto industry figure and self-proclaimed professional cypherpunk — described Bitcoin (BTC) as the first step in a broader transition to an anarcho-capitalist society. Lopp’s comments were made in an interview on the Stephan Livera Podcast, published Dec. 29. According to Lopp, Bitcoin is an experiment that — if successful — could make the transition to an anarcho-capitalist society possible: “I believe that Bitcoin is a very interesting experiment that if is successful in the long run could not only revolutionize money, but revolutionize how we think…

Ethereum, Tron Rare Haven as Crypto Market Ends Bleak December

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After mounting several unsuccessful attempts at breaking out of a yearlong slump, the bitcoin price and wider crypto market appear poised to end the month of December firmly in the red. However, a handful of cryptocurrencies, including ethereum, tron, and IOTA managed to resist the gravitational pull present elsewhere in the market and post strong returns to end the year on a positive note. Ethereum, Tron, IOTA Headline Market in December Despite beginning the month on a downward slope, both ethereum and tron posted strong mid-month recoveries, breaking even during the…

Stellar Co-founder Brands 90% of Crypto Projects ‘B.S.’

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Most financial institutions will not use Bitcoin (BTC), payment network Stellar’s co-founder and CTO Jed McCaleb stated in an interview with Yahoo Finance Dec. 31. Speaking to the online news outlet, McCaleb — who is also known as one of the founding fathers of defunct Japanese Bitcoin exchange Mt. Gox, as well as the co-founder of Ripple — made an argument in favor of the use of permissionless, open blockchains in finance. He told reporters bluntly: “It doesn’t need to be the bitcoin blockchain, but if it’s not a public…

Launch Timeline for Bakkt’s Bitcoin Futures to Be Clarified Early 2019: ICE

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  The Intercontinental Exchange (ICE) announced an update on the launch of the Bakkt Bitcoin (USD) Daily Futures Contract in an official notice Dec. 31. The document from ICE — the operator of the New York Stock Exchange (NYSE) and creator of digital assets platform Bakkt — states that “[f]ollowing consultation with the Commodity Futures Trading Commission [CFTC], ICE Futures U.S., Inc. expects to provide an updated launch timeline in early 2019 for the trading, clearing and warehousing” of Bakkt’s Bitcoin (BTC) futures contract. The document reiterated that previously the…

South Korean lawmakers shift their focus to cryptocurrency owners

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The financial regulator in South Korea has been looking to provide guidelines to help mold a level and secure playing ground for all those involved with cryptocurrencies. Now, the lawmakers in the country have joined in with bills addressing cryptocurrency owners in South Korea. Speaking to Bitcoin.com, a representative from the country’s financial watchdog, Financial Services Commission (FSC), noted that the National Assembly has received six bills concentrating on safeguarding cryptocurrency owners in the country. According to the representative, none of the bills has been authored by the regulator. The…