Day: February 24, 2019

5 Years Later, Mt. Gox Victims Still Want to Know: ‘Where’s our Bitcoin?’

boss

It seems like just yesterday when Bitcoin investors were startled by the news that Mt. Gox, one of the world ’s first Bitcoin exchanges, was in serious trouble. Five years ago, on Feb. 24, 2014, reports began circulating that the Bitcoin exchange had lost three-quarters of a million bitcoins. One day later, the company – perhaps the closest thing to a single point of failure in the Bitcoin industry – announced that it was shutting down operations. I hope this isn’t true, but I received report allegedly from Mt. Gox…

5 Years Later, Mt. Gox Victims Still Want to Know: ‘Where’s our Bitcoin?’

boss

It seems like just yesterday when Bitcoin investors were startled by the news that Mt. Gox, one of the world ’s first Bitcoin exchanges, was in serious trouble. Five years ago, on Feb. 24, 2014, reports began circulating that the Bitcoin exchange had lost three-quarters of a million bitcoins. One day later, the company – perhaps the closest thing to a single point of failure in the Bitcoin industry – announced that it was shutting down operations. I hope this isn’t true, but I received report allegedly from Mt. Gox…

Token Development Using the Bitcoin Cash Network Kicks Into High Gear

boss

Ever since various token implementations were introduced to the Bitcoin Cash (BCH) network, the infrastructure has been significantly developed in order to advance the BCH-fueled token ecosystem. In the last few weeks, projects like Wormhole and the Simple Ledger Protocol (SLP) have seen a significant amount of token creation, alongside a variety of wallet support for the many tokens the community has already created. Also read: Mt. Gox CEO Claims the Coinlab and Brock Pierce Deals Never Materialized The BCH Token Explosion For a while now BCH programmers have been…

Ethereum’s Constantinople, St. Petersburg Upgrades Set to Occur This Week

boss

Ethereum’s (ETH) next two network upgrades, referred to as Constantinople and St. Petersburg, are scheduled to take place this week, according to an official Ethereum blog post on Feb. 22. More precisely, the updates are scheduled to happen at Ethereum’s block 7,280,000, which is expected to be mined on Feb. 28. Still, given the unpredictable nature of mining, the implementation could happen one or two days before or after the scheduled date, according to the announcement. The post explains that the upgrade has two names to represent two originally separate…

Notable Investor: BTC at $1,000 Calls Are Irresponsible, But Bitcoin Could Test Lows

boss

BTC Could Either Retest Lows Or Fall Further Peter Brandt, a long-standing commodities trader and technician, recently took to Twitter to convey his thoughts on the current state of the Bitcoin (BTC) market. Brandt, who has taken a liking to the cryptocurrency (not altcoins) over recent worlds, noted that if you harness the price action seen at the bottom of the previous market cycle (2013-2016), BTC could retest its lows in the 3000s in the coming weeks (6-7 weeks), prior to a longer-term rally. $BTC 2013-2016 vs 2017-2019 analog comparison.…

Reassessing ‘Satoshi’s Vision’ 100 Days after the BCH Divorce

boss

When Bitcoin Cash split into two different blockchains in November 2018, it sent shockwaves through the cryptocurrency space. The resulting blockchains, Bitcoin Cash (BCH) and Bitcoin SV (BSV), both made major changes to the original code. But in the aftermath of the hash war, which one comes closest to representing Satoshi’s Vision? Why Did Bitcoin SV Split from Bitcoin Cash? It all started on August 20th, 2018, when the developers of Bitcoin Cash announced an update known as Bitcoin ABC 0.18.0. This update required a hard fork, and was scheduled…

Reassessing ‘Satoshi’s Vision’ 100 Days after the BCH Divorce

boss

When Bitcoin Cash split into two different blockchains in November 2018, it sent shockwaves through the cryptocurrency space. The resulting blockchains, Bitcoin Cash (BCH) and Bitcoin SV (BSV), both made major changes to the original code. But in the aftermath of the hash war, which one comes closest to representing Satoshi’s Vision? Why Did Bitcoin SV Split from Bitcoin Cash? It all started on August 20th, 2018, when the developers of Bitcoin Cash announced an update known as Bitcoin ABC 0.18.0. This update required a hard fork, and was scheduled…

EOS, Ethereum, Bitcoin Cash, Binance Coin, Stellar

boss

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. After a prolonged downward trend, most of the major cryptocurrencies are showing gains on a weekly basis. This shows that the recovery is picking up steam. However, even after the recent rise, most tokens are still way below their lifetime highs. Cryptocurrencies will…

Embezzlement, $26 Million Loss Bankrupts Korean Crypto Exchange Coinbin

boss

Coinbin, the South Korean Cryptocurrency exchange which took over hacked exchange Youbit, is filing for bankruptcy with losses equating to over $26 million. Cryptocurrency and Cash Transactions Stopped According to reports by Business Korea, the bankruptcy announcement was made by Coinbin CEO  Park Chan-kyu on February 20, 2018. After which cryptocurrency and cash settlements were stopped and will now be performed as part of bankruptcy procedures. Park revealed the Coinbin employee in charge of cryptocurrency balances at the exchange, also the previous CEO of Youbit, had neglected his responsibilities and…

Eos to Be Used by 300 Million Users on Tapatalk, Real Mainstream Use Case

boss

Those questioning the blockchain projects for their underlying utility should look at EOS. The smart contracts platform recently paved its way into the working model of Tapatalk, a Reddit-like forum application. Per an announcement published February 21, Tapatalk will utilize the EOS blockchain to power its Gold Point reward system. The integration would allow Tapatalk to incentivize its users via EOS’ on-chain asset of the same name. The move could assist Tapatalk increase participation among its 300 million users while furthering the adoption of EOS among them. Winter Wong, the…