Day: January 1, 2019

Ripple Price Analysis: XRP Set For 40 Cents, Ripple Founder Bullish

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Latest Ripple News 2018 was a testing year for coin holders. The bear market wrecked the space and with the anchor coin, Bitcoin, dropping 75 percent, altcoins followed suit. The damage was severe in Ethereum (ETH), and their losses saw XRP replace it as the second most valuable coin. This is despite XRP falling a massive 84 percent from 2017 peaks. Regardless, there is optimism, and while the price is just but one of the many metrics used to gauge overall performance, bulls are confident strongly believing that digital asset…

Bitcoin Price Analysis: BTC Bounce Back, Wells Fargo to Reimburse $575 Million

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Latest Bitcoin News Among other advantages, the blockchain is transparent, and once there is a registration, it’s easy to track all transactions related to that address. That’s why this technology is perhaps the most significant innovation of the 21st century. If traditional companies incorporate this technology, then talks of scams and other unscrupulous activities will be unheard of. This is because everything would be open and transparency on another level. The opaque nature of bank operations is the reason why the third largest bank in the US, Wells Fargo was…

US Senator Reports to Jail Pending Verdict in Cryptocurrency Fraud Case

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A Georgia state senator has reported to jail over allegedly lying about the theft of cryptocurrency mining equipment worth $300,000, The Guardian reported Dec. 27. Republican Michael Williams, who originally reported the alleged theft in May, made a false police report and gave a false statement, court documents claim. Williams had said servers with a value of $300,000, which had been used to mine unnamed cryptocurrencies, had disappeared from his office premises, local daily news outlet Atlanta Journal-Constitution reported Dec. 20. Prosecutors are considering the possibility that the theft never…

While Bitcoin ‘Died’ 90 Times In 2018, There Are Almost 1000 ‘Dead’ Altcoins, Data Shows

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A look at the history of cryptocurrency in 2018 has shown that Bitcoin (BTC) has risen from a “dead” designation in the media 90 times, data from industry news and information portal 99bitcoins shows. According to the site’s fabled Bitcoin Obituaries section, which tracks media claims that Bitcoin has failed, almost 100 such claims surfaced last year as BTC/USD trended down from highs around $20,000 in December 2017 to lows of $3,130 in December 2018. By contrast, a log of altcoins which for various reasons disappeared from the market altogether…

Verge (XVG) Technical Director Opens up on Cryptocurrency’s Origin Story

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Brandon Simons Verge (XVG) Technical Director Brandon Simons has released a tell-all account about the origin of the cryptocurrency and his involvement with the early development and marketing efforts. In a post on his medium page, Simons who goes by the internet sobriquet CryptoRekt revealed that his interest in cryptocurrency first began in October 2009 when he discovered bitcoin, which he mined extensively for the next two years. Following a hard disk crash in 2011 which saw him lose thousands of BTC, he became a regular on Reddit’s r/CryptoCurrency forum which served…

Verge (XVG) Technical Director Opens up on Cryptocurrency’s Origin Story

boss

Brandon Simons Verge (XVG) Technical Director Brandon Simons has released a tell-all account about the origin of the cryptocurrency and his involvement with the early development and marketing efforts. In a post on his medium page, Simons who goes by the internet sobriquet CryptoRekt revealed that his interest in cryptocurrency first began in October 2009 when he discovered bitcoin, which he mined extensively for the next two years. Following a hard disk crash in 2011 which saw him lose thousands of BTC, he became a regular on Reddit’s r/CryptoCurrency forum which served…

The Daily: Best Selling Authors Introduce Bitcoin to Followers

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The Daily In the first edition of The Daily for 2019, we feature two best selling authors from outside the cryptocurrency community that recently used their social media reach to introduce the idea of Bitcoin to their numerous followers. Tony Robbins simply wants his readers to know “what the heck is bitcoin,” and Jordan Peterson explores crypto donations to avoid possible censorship by the likes of Patreon, Paypal, Visa or Mastercard. Also Read: Bakkt Completes First Round of Funding With $182.5 Million Tony Robbins Explains Bitcoin to His Followers Tony…

Paper Outlines Proof-of-Stake Sidechains for Cardano Ouroboros, Beyond

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Paper Outlines Proof-of-Stake Sidechains for Cardano Ouroboros, Beyond January 1, 2019 by William Peaster A team of researchers have published a paper outlining a formal structure for proof-of-stake sidechains via a “rigorous cryptographic definition.” Said to be the first of its kind, the outline covers sidechain constructions compatible with Cardano Ouroboros and other PoS systems like Algorand and Snow White.  Also read: Five New Year’s Resolutions to Improve Your Crypto Life in 2019 Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts Formalizing Sidechains: ‘The First … to the…

Jimmy Song Highlights Decentralization as Key to Success of Bitcoin Over Altcoins

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Perceptions of Bitcoin (BTC) versus altcoins changed forever in 2018, as the largest cryptocurrency separated itself from the rest, Bitcoin developer Jimmy Song wrote in a blog post on Dec. 31. An ardent defender of Bitcoin’s decentralized values, Song, who is also a frequent social media commentator, argued that last year “showed […] what Bitcoin Maximalists have been saying all along.” “Bitcoin is different because Bitcoin is decentralized,” he summarized, adding: “The advantages of decentralization are often subtle and easy to dismiss, but they are real benefits.” One of many…

Crypto Analyst: Shutdown Of Bitmain’s Mining Operations Isn’t A “Big Deal”

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While Bitmain has made forays into artificial intelligence and other budding markets, at heart, Bitmain is a Bitcoin– and crypto-centric mining startup. So, it should come as no surprise that industry participants were shell-shocked when hearsay arose that Bitmain was poised to shutter a number of its mining-related ventures. However, one crypto analyst has claimed that the firm’s reported shift in strategy isn’t “necessarily a big deal.” Bitmain’s Crypto Mining Operations Reportedly Folding Although Bitmain is hailed as the de-facto king of all cryptocurrency startups, the Beijing-headquartered firm has reportedly…