A New Crypto Paradigm or a Glorified Voucher Program?

Facebook is controversial, if nothing else. The world’s fifth-biggest company by market cap, it’s also the biggest social network by a comfortable margin. Yet, despite the fact that most of us use it, we’ve become increasingly suspicious of what it’s been doing with our personal data. Ever since the Cambridge Analytica scandal (and probably long before), we’ve feared that such data isn’t particularly secure or private, so we’ve been pushing back against the social media giant, as witnessed with last year’s #DeleteFacebook campaign. But at the same time, those with an interest in…

Binance CEO Driven Mad by Craig Wright, Threatens to Delist Bitcoin SV

Craig Wright, the self-acclaimed Satoshi Nakamoto, has recently been in news and drawn upon himself the ire of the crypto community. Wright and his attorneys recently served legal papers to Twitter user Hodlonaut. While not stopping there, Wright also went further to put a bounty of $5000 in Bitcoin Cash SV on the user. Wright turned aggressive after Hodlnaut called him a scammer and allegedly made “defamatory” statements against him. While Wright has tried to assert several times that he’s the real Satoshi Nakamoto, the Bitcoin founder, his claims haven’t…

Coinbase Loses 3 Senior Executives in 6 Months as Dan Romero Quits Position

United States cryptocurrency exchange Coinbase has lost another senior executive as its head of international, Dan Romero, announced his resignation in a blog post on April 12. Romero, who worked for five years at the company in various positions, follows director of institutional sales, Christine Sandler, and ex-vice president and general manager, Adam White in quitting the firm. Sandler left in March to join pro-crypto financial services giant Fidelity Investments, while White sought new pastures in October last year. Romero had also worked in White’s role, and his departure continues…

Is a Price Crash Imminent?

Thomas Lee, the co-founder of Fundstrat Global Advisors, has tweeted that the Bitcoin Misery Index (BMI) is at 89. Developed by Lee as a trading tool for investors, the current BMI value signifies a “happy” sentiment in the markets. However, according to Lee, BMI measures above 67 see a sell-off, triggering a drop in Bitcoin price. With this in mind, is a price crash imminent? The Bitcoin Misery Index reached 89 on 4/2. Highest reading since June 2016. Means good and bad. Good–> Since 2011, BMI >67 only seen during…

Crypto Exchange Emphasizes Privacy by Offering Coin Conversions Without an Account

A cryptocurrency exchange says it is prioritizing the privacy of its users — eliminating the “tedious” registration steps imposed by other websites. BitConvert argues that some rival platforms ask for too many personal details when they are bringing new users on board and says this can make consumers uncomfortable when they are in pursuit of absolute anonymity. The company also claims such excessive registration procedures actively undermine the purpose of coins that were designed to deliver privacy. According to BitConvert, its users have the ability to “instantly exchange coins” without…

Coinbase Exec Dan Romero Leaving Crypto Exchange After 5 Years

Cryptocurrency exchange Coinbase is losing another executive. Dan Romero, who works as vice president for Coinbase’s international business, announced in a Medium post on Friday that he will be leaving the firm at the end of this month. Romero joined Coinbase in April 2014, according to his LinkedIn profile. While he didn’t provide a specific reason for departing the firm, Romero said: “Staying true to a mission often requires doing hard (or even unpopular) things. But I’ve been lucky to learn first-hand that it’s those hard things that often generate…

Craig Wright vs. Hodlonaut: Binance CEO Threatens to Delist Bitcoin SV

Binance CEO Changpeng Zhao (‘CZ’), is threatening to delist Bitcoin SV (BSV) from the platform over the attack by Craig S. Wright (CSW) on the Twitter handle “Hodlonaut.” CSW reportedly has a BSV bounty worth $5,000 out for the identity of Hodlonaut, whilst many in the industry have banded together in solidarity with Hodlonaut. CZ Blows Hot In a tweet posted on Thursday (April 11, 2019), the Binance chief weighed in on the matter of CSW’s contentious claim of being Bitcoin creator Satoshi Nakamoto. Many in the cryptocurrency industry do…

Craig Wright and Calvin Ayre’s ‘Troll Hunt’ is Annoying Binance

Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. CCN reported yesterday about the developing Twitter drama surrounding @Hodlonaut, an anonymous Norwegian who used his Twitter account in a crusade against Craig Wright. @Hodlonaut and numerous others in the…

Bitcoin Holds Near $5,100 as US Stocks Stand Stil

Friday, April 12 — most of the top 20 cryptocurrencies are reporting slight to moderate gains on the day by press time, as Bitcoin (BTC) approaches the $5,100 mark. Market visualization courtesy of Coin360 Bitcoin’s price is up close to half a percent on the day, trading at around $5,085 by press time, according to CoinMarketCap. Looking at its weekly chart, the current price is close to two percent higher than the price at which Bitcoin started the week. Bitcoin 7-day price chart. Source: CoinMarketCap Today Fundstrat Global Advisors founder…

Chainalysis Urges FATF to Rethink Data Demands on Crypto Exchanges

Blockchain analysis firm Chainalysis has hit back at recommendations from intergovernmental financial anti-crime organization the Financial Action Task Force (FATF) in a direct letter dated April 8. The letter, which Chainalysis sent to the FATF, criticizes the organization’s demands to make cryptocurrency exchanges identify and keep records of senders and recipients involved in cryptocurrency transactions. These demands had surfaced at the end of February, with the FATF subsequently inviting public feedback on its literature. According to Chainalysis, such requests would place exchanges, which the FATF calls “Virtual Asset Service Providers…