By CCN Markets: A lot has already been said about Facebook’s Libra cryptocurrency and its ambition to disrupt the finance world. But what about the blockchain technology that powers it? Blockchain experts have poured over the technical documents and played with the Libra protocol testnet. Suffice to say, they’re not convinced about Libra’s claims. “A disaster in slow motion” Bitcoin developer Tamas Blummer offered the most damning assessment of the Libra protocol. He said Facebook is abusing its position to muscle into the blockchain world. “Trying to buy leadership in a cutting edge technology is very expensive and likely futile.
Jerome Powell said today that the Federal Reserve has no choice but to face the mounting U.S. debt balance. That negative balance is now $ 21.9 trillion. The annual U.S. deficit has reached sustained highs of over $ 1 trillion. Speaking at The Economic Club of Washington, D.C today Powell said: “I’m very worried about it.” Referring
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Binance CEO Changpeng Zhao (CZ) has expressed deep confidence in the prospects of cryptocurrency despite the challenging industry conditions that have defined most of 2018. Speaking during a conversation with “Bloomberg Daybreak: Middle East” hostsTracy Alloway and Yousef Gamal El-Din, he also stated that Binance intends to start off the new year “with a bang” in line
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Ethereum co-founder Joseph Lubin says the future of the crypto industry is so bright he has to wear shades, and called a bottom to the current bear market. “Peeking into 2019, if you could see the landscape through my eyes, you’d have to wear shades,” Lubin gushed in a lengthy tweetstorm (see below). Lubin —
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An explosive Medium.com article by pseudonymous developer _unwriter, who primarily works on two Bitcoin Cash infrastructure projects call BitDB and BitSocket, both of which are critical to several Bitcoin Cash-community outfits, levies a number of serious accusations against the Bitcoin ABC development team as well as Bitcoin.com and affiliated Bitmain. The heartfelt article is worth
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Throughout the past eleven months, the Bitcoin price has dropped from $ 19,500 to $ 3,000, by nearly 85 percent. The dominant cryptocurrency fell by 85 percent on average in its four past major corrections, so a similar drop from its all-time high was expected by many investors. But, according to Bitcoin and technology researcher Boris Hristov,
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In cryptocurrency exchange news, Binance’s CEO has described the exchange as “very healthy” despite the dramatic reduction in trade volume compared with early 2018, and Gate.io was recently breached via a malicious script added to web analytics provider Statcounter. Also, a South Korean ICO raising money for a crypto exchange desk appears to have pulled a $ 2.73 million exit scam.
Binance Unphased by Dwindling Volume
Speaking to CNBC, CZ, the chief executive officer of the largest exchange by volume, Binance, recently discussed the declining trade volume posted throughout the current cryptocurrency bear market.
The most popular cryptocurrency exchange in the world, Binance, sent out a blog post this morning saying they are delisting 4 coins. (BCN, CHAT, TRIG, ICN)
I decided to do some digging myself into the potential reasons for these delistings. Each of the 4 projects became delisted for a different reason, and Binance didn’t explicitly say why. Immediately following the delisting, all 4 projects took a beating in price action.
Instead of just copying and pasting the blog post, I wanted to investigate each one to shed some light and give clarity so that you can be informed in the future on other potential delistings.
Ethereum World News published a report in early August regarding Chris Franko (Expanse) who claimed that he was ordered to pay 400 Bitcoin – which is equal to around $ 2.5 million – for a listing position on Binance.
This has led to many questioning what the details are for Binance’s listing process and some have even started to get aggressive on social media against the exchange.
The whole situation got to the point where the CEO and founder of Binance, ChangPeng Zhao was forced to get involved. Zhao said that the 400 Bitcoin listing fee is far from the truth as the email that the expanse co-founder went to twitter to confirm that it was spam and from a Binance representative.
When Securities and Exchange Commission (SEC) Division of Corporation Finance Director William Hinman gave his opinion this summer that ether — the native asset of the Ethereum platform — was not a security under federal law, he listed among his justifications the fact that, although ether was originally distributed through a token sale, it has
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Bitcoin developers released a new version of the Bitcoin Core client September 18 after fixing a “very scary” bug which could have seen a malicious party take many nodes offline.
Upgrade ‘As Soon As Possible’
In release notes for Bitcoin Core version 0.16.3, Wladimir van der Laan confirmed the vulnerability, known as CVE-2018-17144, had received an effective patch. The Bitcoin Core client remains the most popular comprising over 94% of all Bitcoin software implementations today.
“A denial-of-service vulnerability… exploitable by miners has been discovered in Bitcoin Core versions 0.14.0 up to 0.16.2,” he summarized.
Bitfi, the McAfee led cryptocurrency wallet and the alleged unhackable wallet that was set to change the entire landscape for cryptocurrency storage has finally caved in and retreated, the company and John McAfee himself, have now confirmed that the wallet is indeed vulnerable to hacks.
This comes after a campaign set out by Bitfi and McAfee to challenge hackers to access the wallet, for an incredible bounty. Though, McAfee specifically stated the reward on offer was not a bounty, as the wallet was unhackable so therefor a bounty would be impossible.
The head of a government watchdog in Thailand has admitted that domestic cases of cryptocurrency crime are few and far between despite calling for increased preparedness to combat it in the future. Speaking at a joint seminar with the United Nations Office on Drugs and Crime (UNODC) in Bangkok on Thursday, Thailand Institute of Justice
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Bitcoin mining giant Bitmain is purportedly planning to go public on a $ 14 billion valuation. The company reportedly brought in $ 1.1 billion in net profit in the first quarter of 2018, looking at end-of-year target ranging between $ 2 and $ 3 billion.
$ 14 Billion IPO
According to an unconfirmed report published Monday, July 30, Bitcoin mining giant Bitmain intends to go public on a $ 14 billion IPO “very soon” — giving early investors, such as Sequoia Capital, an opportunity to rake in substantial profits.
Recent research from IW Capital found that 38 percent of the British population do not “understand” cryptocurrency. Furthermore, a mere 5 percent of those cryptocurrency investors polled have actually turned a profit — a fact the investment house’s CEO finds “very concerning.”
A Fundamental Lack of Information or Knowledge
British investors do not understand cryptocurrency, according to recent research from IW Capital. The Mayfair-based SME investment house shared the research with Express.co.uk.
The report surmises that the vast majority of the UK investing community finds investing in cryptocurrency to be a worse decision than investing in traditional markets.
Trends tend to be reversed. The year of 2018 has seen Bitcoin (BTC) demonstrate both its volatility and bearish nature. However, the second half of 2017 the crypto community witnessed the exact opposite. What does the remainder for 2018 have in store?
Bitcoin Last Week
Bitcoin’s price 00 bounced around due to FUD regarding a hack on Binance and positive news about Coinbase’s announcement of Coinbase Custody. Launching the service was great for the crypto-community because institutional capital will now have an easier route to enter the market.
This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.
Today, February 28th, A unique blockchain based gambling platform ZeroEdge.Bet launched their Pre-ICO. The presale event will last until March 15th, 2018 or until the hard cap is reached which is set at only 1500 ETH. During the presale, investors will be able to purchase ZERO tokens with a 79% discount for a very limited time.
The UK prime minister Theresa May has said the government “should be looking at cryptocurrencies and Bitcoin very seriously.”
‘We Need To Look At It’
In rare direct comments to Bloomberg at the ongoing World Economic Forum 2018 in Davos, May went on record to state that crypto’s possible use “particularly by criminals” is cause for additional scrutiny from lawmakers.
“…It is something that has been developing, obviously, increasingly developing; I think it’s something that we do need to look at,” she added.
Analyst Tom Lee has described Bitcoin’s price “consolidation” as “very healthy” in fresh comments to mainstream media.
‘The Smallest Bubble I Know’
Speaking to Bloomberg December 22 as Bitcoin continued a 30% pullback to sub-$ 13,000 lows, Fundstrat Global Advisors’ head of research said the biggest cryptocurrency “had been following network value” for several years.
“If you look at the number of wallets and transaction activity per wallet, that explains 94% of the move of Bitcoin in the last four years,” he told the network’s Daybreak: Americas segment.
Users can now create a Bitcoin fork for less than $ 100 as Blockstream CEO Adam Back forecasts a “huge fork explosion” for 2018.
Fork For Bitcoin Market Dominance, Suggests Back
In comments on Twitter Tuesday, Back speculated on the likelihood of a plethora of Bitcoin hard forks diverting investor attention away from altcoins, potentially increasing Bitcoin’s market share.
The forecast comes as Bitcoin’s hold on the market fell dramatically this week after Bitcoin Cash controversially surged in value and altcoins saw massive price gains.