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Showing posts from August, 2019

The Crypto Custody Conundrum: What Are We Even Talking About?

❏ New tech usually struggles with vocabulary, says Noelle Acheson. With bitcoin, the confusion rubs off integral concepts in securities legislation. ❏ CoinDesk

Top 10 Cryptocurrencies Now Trading Below 200-Day Price Averages

❏ Bitcoin now stands alone in the top 10 cryptocurrencies by market value at CoinMarketCap with the rest having fallen below a key long-term moving average. ❏ CoinDesk

Bitcoin Price Faces Third Monthly Loss of 2019

❏ Down 4.8 percent from the monthly opening price, bitcoin looks set to end August on a negative note and is on track to register its third monthly loss of the year. ❏ CoinDesk

Why Tether Volume Surged to All-Time Highs in August

❏ The dollar-pegged stablecoin tether (USDT) has become a virtual bridge between Chinese traders and global markets. ❏ CoinDesk

Bitcoin Eyes $9K Price Support After Drop to One-Month Lows

❏ Having dived out of a narrowing price range, bitcoin is looking weak and may end up falling to $9,000 in the next 24 hours. ❏ CoinDesk

Crypto Market Sees Red as Bitcoin Price Drops $600 in 30 Minutes

❏ Beginning at 17:50 UTC and lasting until 18:20 UTC, BTC witnessed a large pullback from $10,200 to $9,600. ❏ CoinDesk

Customers Can Deposit Bitcoin to Bakkt’s Warehouse Starting Next Week

❏ Bakkt said Wednesday it would start offering customers access to its secure bitcoin storage warehouse starting Sept. 6. ❏ CoinDesk

Author Jimmy Song Talks About the Little Bitcoin Book

❏ This week on CoinDesk Live our own Brady Dale talks with Jimmy Song about his new book. ❏ CoinDesk

They Biked, Ran and Swam Over 200 Miles Across Europe – All for Bitcoin

❏ A group of bitcoin enthusiasts just ran, biked and swam across Europe, all to promote the cryptocurrency they believe is leaving a powerful, positive mark on the world. The first “Satoshi Freeathlon” officially finished this weekend, in which a group of seven bitcoin enthusiasts flexing their athletic abilities by journeying from Switzerland’s “Crypto Valley” in […] ❏ CoinDesk

Bitcoin Price Hovers Above $10.1K As Momentum Stalls Near Key Indicator

❏ Bitcoin's price action continues to stall as the fight between buyers and sellers falls quiet above the 100-day average of price. ❏ CoinDesk

Bitcoin Teeters on $10K, But Can It Fend Off Another Bear?

❏ Bitcoin’s (BTC) recent market movements have thrown into contention the mid-term direction with some asking if BTC’s demand is enough to beat off another bear market?  ❏ CoinDesk

Judge Confirms Ruling: Craig Wright to Forfeit 50% of Bitcoin Holdings

❏ In a court document published August 27, Judge Bruce Reinhart confirmed Craig Wright must forfeit half his bitcoin and intellectual property acquired prior to 2014. ❏ CoinDesk

Bitcoin May Suffer Deeper Drop Below This Price Average

❏ Bitcoin's pullback from June's high of $13,880 will likely gather pace if key moving average support is breached. ❏ CoinDesk

Judge Recommends Ruling in Favor of Kleiman in Craig Wright Case

❏ A magistrate judge has recommended that Craig Wright turn over 50% of his bitcoin and intellectual property from before 2014 to Ira Kleiman. ❏ CoinDesk

Roger Ver–Backed CoinFlex Exchange Is Taking Aim at BitMEX Futures Market

❏ CoinFlex closed a $10 million funding round backed by Polychain Capital and Bitcoin.com chairman Roger Ver, among others. ❏ CoinDesk

Weekly Bitcoin Price Indicator Shows ‘Bear Cross’ in First Since February

❏ A widely-tracked lagging bitcoin price indicator is reporting bearish conditions for the first time since February. ❏ CoinDesk

Don’t Worry, Overstock’s New CEO Is Already ‘Drunk on Bitcoin’s Kool-Aid’

❏ Overstock.com’s interim CEO Jonathan Johnson, the president of its subsidiary Medici Ventures, plans to continue the company's blockchain work. ❏ CoinDesk

The Faketoshi Circus: Even Bitcoin Can’t Escape the Politics of Money

❏ The latest effort by someone to present themselves as the creator of bitcoin says a lot about the propensity for drama in the ecosystem, Michael J Casey writes. ❏ CoinDesk

Burning Man & Crypto: Common Grounds

❏ Burning Man, the mecca of tech industry parties, offers lessons for the cryptocurrency movement. ❏ CoinDesk

Crypto Funds Are Outperforming – You Shouldn’t Be Surprised

❏ Josh Gnaizda of Crypto Fund Research looks into possible reasons behind the relative performance of crypto funds vs bitcoin since Q1 2017. ❏ CoinDesk

Blockchain Will Integrate BitPay’s Payments System For Wallet Payments

❏ The largest wallet provider, Blockchain, partnered with the largest bitcoin payment processor, BitPay. ❏ CoinDesk

Canadians Charged for $220,000 Bitcoin Scam on Twitter

❏ Two Canadian nationals posed as HitBTC customer service representatives in order to steal a user's login credentials. ❏ CoinDesk

Bitcoin Miners Are Heating Homes Free of Charge in Frigid Siberia

❏ Hotmine makes a bitcoin mining rig that doubles as a home heating appliance. It's targeting places where winter is brutally cold. ❏ CoinDesk

Craig Wright Again Claims Authorship of Bitcoin White Paper

❏ Wright has made another attempt to cement his claim to be Satoshi Nakamoto, posting bitcoin's white paper on a scientific paper hosting site. ❏ CoinDesk

Bitcoin Increasingly Bearish Despite Price Bounce to $10.2K

❏ Bitcoin's recovery to $10,255 seen in the last 24 hours could be short-lived, suggest bearish price and volume indicators. ❏ CoinDesk

CoinDesk Talks to Supporters, Critics at Craig Wright’s Contempt Hearing

❏ CoinDesk travels to Florida to talk to supporters and detractors of the so-called creator of bitcoin. ❏ CoinDesk

Crypto Futures Exchange Deribit Launching Bulk Derivatives Trading

❏ Deribit is teaming with institutional traders' messaging service Paradigm to facilitate block trades of bitcoin and ether derivatives. ❏ CoinDesk

Bitcoin Selloff Stalls at Historical Price Support Near $10K

❏ Bitcoin's defense of the 100-day price average and a bullish RSI divergence on the hourly chart call for a minor price bounce to $10,300. ❏ CoinDesk

Palestinian Civilians Are Using Bitcoin More Than Terrorists

❏ Terrorists are using bitcoin, but they aren't the only ones. Here's the real story about bitcoin usage in Palestine. ❏ CoinDesk

White House Advisory Says Virtual Currencies Used for Fentanyl Purchases

❏ The White House advisories state "convertible virtual currencies," particularly bitcoin, bitcoin cash, ethereum, and monero, are actively being used on dark net markets. ❏ CoinDesk

New Flexa Tech Will Let You Spend Bitcoin From Other Apps Too

❏ Mobile wallets and other apps will soon be able to plug into Flexa's payment rails and offer crypto payments to retailers. ❏ CoinDesk

US Treasury Blacklists Bitcoin, Litecoin Addresses of Chinese ‘Drug Kingpins’

❏ The U.S. Treasury's OFAC has put bitcoin and litecoin addresses of three Chinese nationals on its sanctions list, the second time the agency has blacklisted crypto wallets. ❏ CoinDesk

You Can Now Earn Bitcoin Rewards for Postmates Purchases

❏ Postmates has become the latest partner for Lolli's bitcoin rewards service. ❏ CoinDesk

Bitcoin Miners Halt Operations as Rainstorm Triggers Mudslides in China

❏ A severe rainstorm in China's southwest has led to fatal mudslides, causing some local hydropower plants and bitcoin miners to halt operations. ❏ CoinDesk

Bitcoin Risks Slide to $9.5K After Sudden $700 Price Drop

❏ Bitcoin may fall back to recent lows below $9,500, having strengthened the short-term bearish case with a $700 drop earlier today. ❏ CoinDesk

Square Crypto Hires Matt Corallo to Boost Bitcoin Development

❏ Square Crypto just hired one of the world’s most prolific bitcoin developers. ❏ CoinDesk

Pieter Wuille Unveils ‘Miniscript,’ A New Smart Contract Language for Bitcoin

❏ Smart contracts could soon get a boost in bitcoin as prominent programmer Pieter Wuille has unveiled a new coding language designed specifically for their use. Posted to the bitcoin developer mailing list Monday, the ‘Miniscript’ language aims to make it easier for programmers to write up “smart contracts” or conditions for spending bitcoins. Programmers Wuille, Andrew […] ❏ CoinDesk

Bitcoin Faces Further Losses After Rejection Near $11K Price Hurdle

❏ Having faced rejection near the psychological hurdle of $11,000, bitcoin may end up falling below $10,000 in the next 24 hours. ❏ CoinDesk

BitPay Says Cryptocurrency Spending on Real Estate to Double in 2019

❏ BitPay processes about $5 million in bitcoin for real estate transactions through international and domestic individuals and firms. ❏ CoinDesk

BitGo Hires Sales Chief From Crypto Custody Rival Xapo

❏ Pete Najarian previously worked for bitcoin service provider Xapo as senior vice president of institutions. ❏ CoinDesk

Why the Youngest Bitcoin Millionaire is Willing to Stake it All on Metal Pay

❏ Metal Pay will grow to incorporate a digital bank, a crypto exchange, a payments application, and several features associated with traditional banking services. ❏ CoinDesk

Bitcoin’s Price is Up More Than $1K Since Bakkt Futures News

❏ Bitcoin has gained $1,000 since the Bakkt exchange announced it has the green light to offer bitcoin futures, but key resistance still lies ahead. ❏ CoinDesk

Rakuten’s Crypto Exchange Has Launched for Trading in 3 Cryptos

❏ The Japanese e-commerce giant's Rakuten Wallet exchange has gone live for spot trading of bitcoin, ether and bitcoin cash against the yen. ❏ CoinDesk

Fidelity’s Charity Arm Has Received Over $100 Million in Crypto Donations

❏ Fidelity Charitable reported receiving more than $106 million in crypto donations since accepting bitcoin in 2015. ❏ CoinDesk

These Bitcoin Users Want DAI and DeFi – Here’s How They Plan to Get It

❏ The Cross-Chain Working Group project will (almost) enable bitcoin transactions on ethereum, opening up a new world of interacting smart contracts. ❏ CoinDesk

Bakkt Says It’s ‘Cleared to Launch’ Bitcoin Futures Next Month

❏ Bakkt says it will launch Sept. 23 after receiving a trust charter through the New York State Department of Financial Services. ❏ CoinDesk

China’s Digital Fiat Wants to Compete With Bitcoin – But It’s Not a Crypto

❏ China may be about to launch a fiat digital currency, but in all likelihood, it will only resemble a cryptocurrency on the surface. ❏ CoinDesk

Man Offering Hacking Services for Bitcoin Gets 20-Month Jail Sentence

❏ A British man has been handed jail time and ordered to forfeit over £400,000 ($487,000) for offering hacking services and stolen data for crypto. ❏ CoinDesk

Bitcoin Defends Price Support, But Bear Case Still Intact

❏ Bitcoin has bounced from key price support, but the outlook remains bearish as long as prices hold below Thursday's high of $10,445. ❏ CoinDesk

A Big Four Audit Firm Lost $1 Million In Bitcoin. Victims Are Losing Patience

❏ QuadrigaCX creditors are losing patience with their court-appointed law firm, demanding answers about the effort to recover their funds. ❏ CoinDesk

Judge Blasts Craig Wright’s Evidence, ‘Inconsistent’ Testimony in Kleiman Trial

❏ The judge overseeing the ongoing lawsuit against Craig Wright, who claims to have invented bitcoin, shot down a motion challenging the court's jurisdiction over the suit. ❏ CoinDesk

Social Pricing Game MoonRekt Now Permits Players to Bet With Bitcoin

❏ MoonRekt players now get to stake the crypto they're betting on: bitcoin! ❏ CoinDesk

$9,650: Bitcoin Price Dips Below Key Long-Term Support

❏ Bitcoin temporarily tumbled past a key moving average after enduring its worst single-day loss in a month. ❏ CoinDesk

Bitcoin’s Surging Dominance – Is This Time Really Different?

❏ Bitcoin's share of the total crypto market is rising rapidly, but is that necessarily good news for the sector? ❏ CoinDesk

Bitcoin Drops to $10k Amid Worst Single-Day Loss in a Month

❏ The cryptocurrency markets are flashing red again Thursday after bitcoin (BTC), the world's largest cryptocurrency by market capitalization, fell by more than $900 in 24 hours. ❏ CoinDesk

Bitcoin’s Price Looks Set for a Drop to $10K

❏ Bitcoin is looking south, having retraced more than 50 percent of the $3,000 rally seen in the 10 days to Aug. 6. ❏ CoinDesk

Samsung at Last Adds Bitcoin Functionality to Its Blockchain Phones

❏ Samsung has added bitcoin functionality to its blockchain-enabled smartphones six months after launch. ❏ CoinDesk

UK Advertising Watchdog Upholds Complaints Against BitMEX Bitcoin Promotion

❏ The U.K. Advertising Standards Authority has upheld complaints over a bitcoin ad placed by crypto derivatives exchange BitMEX. ❏ CoinDesk

Two Economists. Two Views on Bitcoin’s Ability to Disrupt Fiat Money

❏ “Half of the audience here is like, ‘I hope you die in a fire.’” ❏ CoinDesk

Winklevoss-Backed Flexa Expands Crypto Payments Service to Canada

❏ Functioning like a pipeline for commercial transactions, SPEDN processes regular purchases in cryptocurrencies like bitcoin or ethereum. ❏ CoinDesk

Bitcoin’s ‘Kimchi Premium’ Vanishes Again as Trading Range Tightens

❏ The spread between the price of bitcoin on South Korean and U.S.-based crypto exchanges has disappeared after hitting 2019 highs. ❏ CoinDesk

Seed CX Begins Testing Swap Contracts Settled in Real Bitcoin

❏ Seed CX has begun testing bitcoin margin swaps with users and is waiting on regulatory approval to launch them. ❏ CoinDesk

Bitcoin’s Bulls Now Have a Target of $13.2K, Monthly Chart Suggests

❏ Bitcoin now needs to break above $13,200 to revive the stalled bull market, a key monthly chart pattern suggests. ❏ CoinDesk

60 Latin American Banks Can Now Use Bitcoin for Cross-Border Payments

❏ Crypto exchange Bitex wants to decrease costs associated with cross-border banking using the bitcoin blockchain. ❏ CoinDesk

Investors Who Lost Big in Poloniex Flash Crash Receive Bitcoin Refunds

❏ Poloniex allowed margin trading on the coin until a flash crash wiped out 1,800 bitcoins worth $13.5 million at the time ❏ CoinDesk

Congressional Research Service Finds Potential Blockchain Uses for Energy Sector

❏ Congressional researchers detailed the current state of energy consumption related to cryptocurrency mining and potential regulations for the energy-intensive process. ❏ CoinDesk

SEC Delays Decisions on 3 Bitcoin ETF Proposals Until Autumn

❏ The SEC extended the time it would have to make a decision on three different bitcoin ETF proposals Monday. ❏ CoinDesk

Three UK Men Busted Over Bitcoin-Based Drug Ring

❏ The trio sold their products on the dark web and shipped as far as Australia. ❏ CoinDesk

Goldman Sachs Analysts’ Note Says Now’s a Good Time to Buy Bitcoin

❏ Investment bank Goldman Sachs has recommended that investors should capitalize on the current price dip and buy bitcoin. ❏ CoinDesk

Bitcoin Price Faces Struggle to Hold Above $11K After Range Breakdown

❏ Bitcoin could drop below $11,000 in the next 24 hours, after sellers took victory in a four-day-long tug of war with the bulls. ❏ CoinDesk

IRS Warnings to Bitcoin Traders Offer Clues to Coming Tax Guidance

❏ Though the IRS has yet to publish its promised crypto tax guidance, the warning letters recently sent to 10,000 traders hint at what to expect. ❏ CoinDesk

Trump’s Currency War With China Could Be Bitcoin’s Do-or-Die Moment

❏ Donald Trump is stoking the flames of a new currency war, creating a do-or-die moment for the cryptocurrency movement, writes Michael J. Casey. ❏ CoinDesk

In Big Block Hard Fork, Craig Wright’s Bitcoin Has Left Nodes Behind

❏ After a recent network upgrade, nodes separated from the bitcoin SV blockchain, highlighting why hard forks prompt much infighting among devs. ❏ CoinDesk

Bitcoin in Tug of War Between Bulls and Bears as Trading Range Tightens

❏ Bitcoin is witnessing indecisive price action for the third day, with a break above Wednesday's high of $12,145 needed to revive the bullish outlook. ❏ CoinDesk

This Tiny Bank Gave Bitcoin to Its Entire Staff. Now It‘s Taking Crypto Clients

❏ Quontic, a small bank in New York, has started working with crypto firms, joining the very short list of institutions to embrace the sector. ❏ CoinDesk

Senior CFTC Official Who Set Bitcoin Futures Policy Is Leaving: Report

❏ Amir Zaidi, director of the CFTC's Division of Market Oversight, is to leave the regulator within weeks, according to Bloomberg Law. ❏ CoinDesk

Blockstream Launches Bitcoin Mining Farm With Fidelity as Early Customer

❏ Blockstream is further stepping into bitcoin mining with the Fidelity Center for Applied Technology and LinkedIn founder Reid Hoffman as customers. ❏ CoinDesk

Bitcoin Outshines Gold Amid Risk Aversion in Financial Markets

❏ Bitcoin is outperforming gold amid heightened uncertainty in the markets, though both are no doubt reacting to geo-macro events. ❏ CoinDesk

Bitcoin Price Looks Poised to Retest Highs Above $13K

❏ Bitcoin appears to have ended its six-week-long correction on Wednesday, making way for a retest of key resistance at $13,200. ❏ CoinDesk

A Bitcoin Extortion Gone Wrong: Inside Binance’s Negotiations With Its ‘KYC Hacker’

❏ This is the inside story of how a "white hat hacker" approached Binance with inside information - and how it went wrong. ❏ CoinDesk

Coinbase Must Face Negligence Suit Over Bitcoin Cash Launch, Judge Rules

❏ Coinbase will have to face a negligence lawsuit from customers who bought bitcoin cash during the 2017 bull run, a judge ruled. ❏ CoinDesk

California Couple to Forfeit Cryptocurrency Riches After Drug Bust

❏ The couple must forfeit an undisclosed sum of bitcoin and bitcoin cash they acquired from selling illicit goods on a dark web marketplace. ❏ CoinDesk

Ex-Coinbase CTO Is Behind Mysterious Nakamoto.com, Sources Say

❏ "Nakamoto is bitcoin country. HODL or GTFO." Sources tell CoinDesk this is the new project from former Coinbase CTO Balaji Srinivasan. ❏ CoinDesk

The ‘Vault’ Is Back: Bitcoin Coder Revives Plan to Shield Wallets from Theft

❏ Bitcoin Core developer Bryan Bishop has proposed a feature to delay transfers from cold storage so users can stop thieves from draining their wallets. ❏ CoinDesk

Bitcoin Needs Weekly Close Above Tough $12K Hurdle to Restart Price Rally

❏ Bitcoin needs to break above stiff resistance at $12,000 to unleash the next phase of the bull market. ❏ CoinDesk

How Bans From GitHub and Slack Are Hurting Iranian Bitcoin Businesses

❏ Iranian bitcoiners are showing the world what censorship resistance really looks like. ❏ CoinDesk

Bitcoin Price Sees Steep Drop After Rejection Above $12K

❏ Bitcoin's price dropped from a daily high of $12,300 Tuesday, a price not seen since mid-July ❏ CoinDesk

Shark Tank’s Kevin O’Leary Questions Bitcoin’s Use as ‘Safe Haven’ Asset

❏ The business mogul critiqued Morgan Creek Digital Anthony Pompliano's financial holdings, comparing cryptocurrencies to "Vegas games" ❏ CoinDesk

Craig Wright’s Counsel Rebuts Forgery Evidence in Ongoing Lawsuit

❏ A verdict was not declared in an ongoing contempt and sanctions hearing for the self-declared inventor of bitcoin. ❏ CoinDesk

Bitcoin and Ether Lender BlockFi Raises $18.3 Million Series A

❏ Winklevoss Capital, Galaxy Digital, and ConsenSys funded the crypto lender's latest round. ❏ CoinDesk

Man Takes Bitcoin Miner Seller to Tribunal Over Electricity Bill and Wins

❏ A Malta-based seller of bitcoin mining machines is in hot water after failing to refund a customer who complained over high power bills. ❏ CoinDesk

Bitcoin Price Rises Above $12K to Hit One-Month High

❏ Bitcoin's move above $12,000 is backed by an uptick in trading volumes and bullish readings on the daily chart. ❏ CoinDesk

A Battle Between Bitcoin Wallets Has Big Implications for Privacy

❏ Bitcoin privacy wallet Samourai announced last Thursday that its primary competitor, Wasabi Wallet, is the target of an ongoing network attack. ❏ CoinDesk

Bitcoin Eyes $12K Price Hurdle as Dominance Rate Hits 28-Month High

❏ Bitcoin has broken out of bearish mode with a near 10-percent surge this morning and looks to be decoupling from alternative cryptocurrencies. ❏ CoinDesk

Bitcoin’s Computing Power Sets Record as Over 100K New Miners Go Online

❏ The total computing power now dedicated to securing the bitcoin blockchain has set yet another record. ❏ CoinDesk

Bitcoin Jumps Back Above $11k for First Time In 3 Weeks

❏ Bitcoin has risen back above the $11,000 psychological price point after regaining ground on July 8's and July 22's bearish breakdowns. ❏ CoinDesk

From Ghana to the Bronx, Meet the Teen Bitcoiners Building the Future

❏ From experimenting with zcash in the Bronx to rogue bitcoin contributors, these teens are shaping the future of cryptocurrency. ❏ CoinDesk

Bitcoin Won’t Be a Global Reserve Currency. But It’s Opening the Box

❏ Bitcoin will not become a global reserve currency, argues Noelle Acheson. But it is adding a powerful tool to the box of potential solutions. ❏ CoinDesk

Bitcoin.com to Launch an Exchange

❏ The exchange will list the major cryptocurrencies, simple ledger protocol tokens, and support BCH trading pairs. ❏ CoinDesk

Roger Ver Steps Into Executive Chairman Role as Bitcoin.com Adds New CEO

❏ Roger Ver is now Executive Chairman of Bitcoin.com as Stefan Rust joins as CEO ❏ CoinDesk

MIT’s AI Lab Crunched 200,000 Bitcoin Transactions. Only 2% Were ‘Illicit’

❏ Blockchain analytics firm Elliptic partnered with MIT to analyze $6 billion worth of bitcoin transactions. Here's what they found. ❏ CoinDesk

Bitcoin May be Building for a Price Move to $11K

❏ Bitcoin is flashing green for the fourth consecutive day and could test key resistance above $11,000 over the weekend. ❏ CoinDesk

Coders Are Trying to Connect Bitcoin’s Lightning Network to Ethereum

❏ Blockade Games says it has successfully bridged the two networks by sending a bitcoin lightning transaction to trigger an ethereum smart contract. ❏ CoinDesk

Square’s Q2 Bitcoin Revenue Nearly Doubles From Previous Record

❏ Square sold $125 million in bitcoin through its Cash App in the second quarter of 2019, a new record for the payments company. ❏ CoinDesk

What Happened: Why the First US Physical Bitcoin Futures Contracts Haven’t Launched

❏ LedgerX admitted it has not launched bitcoin futures, as it previously claimed, after the CFTC said it had not approved the exchange to do so. ❏ CoinDesk

ICE CEO: Bakkt Will Launch Bitcoin Futures In ‘Very Near Future’

❏ ICE CEO Jeffrey Sprecher said Bakkt will launch its physically-settled bitcoin futures soon, subject to regulatory approval. ❏ CoinDesk

Bitcoin Lightning Wallets Are Gaining Traction in 2019

❏ Lightning usage is growing steadily in 2019, with several startups now offering retail-friendly wallets. ❏ CoinDesk

Bitcoin Price on the Rise After First Fed Rate Cut Since 2008

❏ Bitcoin has eked out moderate gains amid the U.S. Federal Reserve’s announcement of its first rate cut in over a decade. ❏ CoinDesk

‘Building’ Bitcoin’s Software Just Got a Bit More Trustless

❏ There's a bit less trust now needed when developers compile the software at the heart of bitcoin. ❏ CoinDesk