Day: December 4, 2019

‘We Need Entrepreneurs Like That Guy!’

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One of the most successful investors in the world is calling for the release of convicted criminal Ross Ulbricht. Following up on a September 21 tweet by Tim Draper that was completely sympathetic to the imprisoned Silk Road creator, Fred Schebesta of the Crypto Finder video podcast took a moment to ask the billionaire his latest feelings on the matter. Draper gave an effusive response: Free Ross, baby! Get him out. We need entrepreneurs like that guy! Get him out of jail! Why do we put these really extraordinary people…

Use your Bitcoin on Bitfinex to Shop from Bitrefill Using the Lightning Network

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Following an official announcement released by Bitfinex on December 4, 2019, users of the well-known exchange will be able to access the Bitrefill shop directly from the exchange interface and buy gift cards using the Lightning Network. Bitfinex for a New Digital Economy Yesterday, BTCManager presented the integration of deposits and withdrawals via Lightning Network on the Bitfinex exchange, an incredible step in terms of adoption for the second-layer protocol. The CTO Paolo Ardoino explained that the Lightning Network client used by Bitfinex is lnd, the one developed by Lightning…

AirSwap Offers Up to $20,000 For Its Bug Bounty

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Ethereum (ETH) decentralized exchange protocol AirSwap announced that it is running a  bug bounty program with rewards up to 20,000 DAI (worth $20,000). It begins now and continues indefinitely. On Dec. 4, the AirSwap team said that the value of the bug bounty rewards will depend on the severity of the bug found, according to the OWASP risk rating methodology and as judged by the AirSwap team. The AirSwap bug bounty rewards go up to 250 DAI for a low-level fix, and up to 2,000 DAI for a high-level fix.…

Bitfinex Allows Lightning Network Shopping on Bitrefill with Bitcoin

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Cryptocurrency exchange Bitfinex and crypto store Bitrefill partnered to allow the trading platform’s clients to shop with Bitcoin (BTC) over the Lightning Network. According to a press release published on Dec. 4, Bitfinex users can instantly pay for a variety of services with Bitcoin that they hold on the exchange as of today. A Lightning B2B settlement system Per the press release, the companies attribute the development to the “world’s first dynamic B2B settlement process over the Lightning Network.” The announcement builds on recent news that Bitfinex enabled Bitcoin Lightning…

What Twitter Meme Wars Say About Crypto’s Reliance on Figureheads

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CMT Digital’s head of trading, Brad Koeppen, agreed. Cryptocurrency markets are almost uniquely vulnerable to gossip and sentiment swings, he said. The correlation between public personas and trading activity isn’t always apparent from public exchange data, especially for tokens with identifiable figureheads like Binance’s BNB (CZ) and Tron’s TRX (founder Justin Sun), Koeppen said.  Source If You Liked This Article Click To Share CryptosFigureheadsMemeRelianceTwitterWars CryptoX Portal

What Twitter Meme Wars Say About Crypto’s Reliance on Figureheads

boss

CMT Digital’s head of trading, Brad Koeppen, agreed. Cryptocurrency markets are almost uniquely vulnerable to gossip and sentiment swings, he said. The correlation between public personas and trading activity isn’t always apparent from public exchange data, especially for tokens with identifiable figureheads like Binance’s BNB (CZ) and Tron’s TRX (founder Justin Sun), Koeppen said.  Source

Dash Decides to Update Dash Explorer to Improved Insight API

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Michael Seitz, marketing manager at decentralized payment solution Dash, announced that the Dash Explorer will be updated to Insight on January 7th, 2020. In a Dec. 4 blog post, Seitz explained that Dash has made the internal decision to update the current explorer.dash.org, which is based on the Abe application programming interface (API). the old API is reportedly “outdated and has limited functionality in comparison to the new and improved API, Insight.” Insight is an open-source Dash blockchain explorer that will be used for writing web wallets and other apps…

Three Ways to Stay Compliant with IRS Bitcoin Tax Laws

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Cryptocurrency owners have been grappling with ways to accurately report their earnings to the U.S. Internal Revenue Service (IRS). With the pressure from the IRS on bitcoin owners to come clean with their earnings, there are suggested ways that individuals can avoid getting on the bad side of the law.  IRS Keen on Bitcoin Tax Compliance According to an article by the Ohio County Journal on December 4, 2019, there are ways in which individuals who own crypto can abide by the IRS crypto tax laws to avoid incurring unknown…

Ethereum Devs Propose Hard Fork to Address Impending Ice Age

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Ethereum developers have proposed a hard fork, titled the Muir Glacier, which is aimed at addressing the impending Ice Age that could potentially slow down the Ethereum mainnet. A hard fork refers to a radical change to a network’s protocol that makes previously invalid blocks and transactions valid or vice-versa and requires all nodes or users to upgrade to the latest version of the protocol software. Ethereum’s Ice Age, also called a Difficulty Bomb, is the increasing hashing difficulty in the mining algorithm used to reward miners with Ether (ETH)…

Former Morgan Stanley Developers Launch Crypto Derivatives Exchange

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Eight former core developers from financial services company Morgan Stanley have launched Phemex, a new cryptocurrency derivatives trading platform, in Singapore. In a press release shared with Cointelegraph on Dec. 4, the former Morgan Stanley developers claim the platform is ten times faster than traditional crypto trading platforms, while offering 100x leverage to both retail and institutional investors in Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) perpetual contracts. Exchange is “on par with Nasdaq” In the near future, these contracts will reportedly also be backed by traditional financial products, such…