Tag Archives: cryptocurrency

Bitcoin nears record high price after 'milestone' in fierce debate over its future

CNBC

Source: CNBC

"Bitcoin traded near its all-time high price late on Thursday after the intense debate over the cryptocurrency's future appears to be heading to a positive end. The price of bitcoin hit a high of $2,948.51 on Thursday evening, just shy of the record high $3,025.47 reached on June 11, according to data from CoinDesk." (07/21/17)

http://www.cnbc.com/2017/07/21/bitcoin-price-near-record-high-price-scaling-debate-segwit.html

Counterrevolution: Bitcoin startups stifled by regulation

Source: American Institute for Economic Research
by James Mosher

"The American Revolution is still being fought, and the Washington-based administrative state is the biggest enemy. Just ask Bitcoin entrepreneur Jaron Lukasiewicz. He recently lamented that regulation is damaging his industry. In a column titled 'Nail in the Coffin: The Day U.S. Regulators Stifled Bitcoin Startups,' Lukasiewicz pinpointed March 18, 2013, as the juncture at which the counterrevolution directed at his company and others began. That was the day when the U.S. government issued guidelines that classified most Bitcoin companies as money-service businesses, wrote Lukasiewicz, cofounder and former CEO of Coinsetter, a New York–based Bitcoin-exchange service." (07/14/17)

https://www.aier.org/research/counterrevolution-bitcoin-startups-stifled-regulation

Why we're temporarily shutting down Bitcoin vending machines on July 31st

Source: Free Keene
by Ian Freeman

"For an unknown amount of time after a fork, it’s risky to send or receive bitcoin. This has to do with the fact until the dust settles after the fork, you can be subject to 'replay attacks' until the exchanges and wallet providers come up with a way to protect against these attacks. There’s also the risk that one of the two sides of the fork will be eliminated through competition, which would destroy any transactions that happened on that chain. Further, some companies may side with one chain or another rather than allowing both, which will lead to extreme confusion as to which Bitcoin is which. Is this starting to sound like a nightmare?" (07/15/17)

http://freekeene.com/2017/07/15/why-were-temporarily-shutting-down-bitcoin-vending-machines-on-july-31st/

De facto federal legislation of cryptocurrency is nigh

Source: Bitcoin.com
by Wendy McElroy

"An upcoming meeting of the Uniform Law Commission (ULC) is likely to change how law enforcement across the U.S. approaches bitcoin. Right now, the meeting is under the radar, but its fallout could soon make a pivotal debate flare on a state-by-state level." (07/11/17)

https://news.bitcoin.com/federal-legislation-cryptocurrency-nigh/

From Bitcoin to Ether: Today's Blockchain basics

Source: Foundation for Economic Education
by Billy Silva

"Bitcoin and its underlying technology blockchain are game-changing technologies that are reshaping and revolutionizing the world economy. Often hidden behind the headlines of Bitcoin’s meteoric rise in market value and blockchain’s technological promise is a basic understanding of what these two technologies are and where they come from. This brief article examines the digital currencies Bitcoin and Ethereum and introduces Blockchain, the technology that facilitates the digital transfer of value and much more." (07/11/17)

https://fee.org/articles/from-bitcoin-to-ether-todays-blockchain-basics/

Could you live 90 days on Bitcoin?

Source: Foundation for Economic Education
by Brittany Hunter

"Like most newlyweds, Austin and Beccy Craig were excited about returning home to Utah after their honeymoon and beginning their new life together. But unlike most couples who find their lives calming down after the chaos of wedding planning is over, the Craigs were about to embark on an adventure no one had ever attempted before: Beccy and Austin were going to spend the next three months living solely on Bitcoin. The Life on Bitcoin Kickstarter launched in 2013, four years after the elusive Satoshi Nakamoto had published his treatise on Bitcoin and then walked away from the entire project and dissolved into anonymity. The timing of the film is also important, as it came right after Bitcoin had rallied and crashed and critics proclaimed that the currency was dead." (07/10/17)

https://fee.org/articles/could-you-live-90-days-on-bitcoin/

Largest food delivery platform in Germany integrates Bitcoin

Source: CoinTelegraph

"Lieferando, the largest food delivery platform in Germany, officially integrated Bitcoin. Users on the platform will be able to pay for food deliveries using Bitcoin. Originally, Lieferando obtained over $18 mln in funding as a regional food delivery application and service provider. Due to the platform’s success regarding the rapidly growing user base, revenue streams and popularity, Netherlands-based Takeaway.com acquired Lieferando. The acquisition of Lieferando by Takeaway.com is important to note as the Takeaway.com development team initially integrated Bitcoin back in 2013." (07/08/17)

https://cointelegraph.com/news/largest-food-delivery-platform-in-germany-integrates-bitcoin

Dark web drug marketplace goes offline, sparks fears of multi-million Bitcoin heist

Source: The Next Web

"It appears the largest dark web drug and counterfeit marketplace might be pulling off a Houdini. Numerous users on Reddit and Twitter are speculating that AlphaBay Market — often dubbed as the new Silk Road — has executed an elaborate exit scheme. Doubts first began circulating when the portal suddenly went offline earlier today. While experiencing down-time is nothing unusual for AlphaBay, some users have since come across a massive Bitcoin transaction worth over $3.7 million that many believe could have originated from AlphaBay. … AlphaBay representatives, who appear to be otherwise quite active in the underground community, have remained silent so far." (07/05/17)

https://thenextweb.com/insider/2017/07/05/dark-web-drug-market-bitcoin-heist/

Fourth largest cryptocurrency exchange hacked

Source: Business Insider

"One of the largest bitcoin exchanges in the world has been hacked and 30,000 customers' data has been compromised, according to a report from Yonhap News. Bithumb is based in South Korea, and the country's internet watchdog Internet & Security Agency is investigating after some customers say they lost money in the attack. … In a statement, Bithumb said (via cryptocurrency news site BraveNewCoin) that it was an employee computer that was compromised, rather than its core servers: 'The employee PC, not the head office server, was hacked. Personal information such as mobile phone and email address of some users were leaked. However, some customers were found to have been stolen from because of the disposable password used in electronic financial transactions.'" (07/05/17)

http://www.businessinsider.com/south-korean-bitcoin-exchange-bithumb-hacked-ethereum-2017-7

The curious dilemma of the Bitcoin "community" going separate ways

Source: Bitcoin.com
by Jamie Redman

"The scaling discussion has been a long and exhausting debate that has been going on for many years. Currently, there are a couple of proposals like UASF and Segwit2x that may be coming to the Bitcoin network in the near future. However, as many people are calling Segwit2x the last chance for the Bitcoin 'community' to come to a consensus together, many people are starting to believe a divorce would be the better route." (06/30/17)

https://news.bitcoin.com/curious-dilemma-bitcoin-community-separate-ways/