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Day: April 19, 2018

Bitcoin Headed For $100000 Or $100? CEOs, Big Investors And Harvard Economist Predictions – Cointelegraph

Bitcoin Headed For $100000 Or $100? CEOs, Big Investors And Harvard Economist Predictions
Cointelegraph
Many predictions have been made regarding Bitcoin’s price which, after jumping from around $1,000 to $20,000 in 2017, decreased to lows of around $6,000 before climbing back to $8,000. This huge volatility makes it very challenging to predict the price …

and more »

Bitcoin Headed For $100000 Or $100? CEOs, Big Investors And Harvard Economist Predictions
Cointelegraph
Many predictions have been made regarding Bitcoin's price which, after jumping from around $1,000 to $20,000 in 2017, decreased to lows of around $6,000 before climbing back to $8,000. This huge volatility makes it very challenging to predict the price ...

and more »

The Sharing Economy, Explained

The sharing economy is already transforming lifestyles and bringing together communities – but how can Blockchain make it better? #EXPLAINED

The sharing economy is already transforming lifestyles and bringing together communities – but how can Blockchain make it better? #EXPLAINED

After Unlawful Seizure of Crypto from Media Mogul, Ukrainian Secret Service Under Fire From District Court Judge

TheMerkle Ukraine WannaCry CloneJudge I. L. Antipova of the Kyiv district court satisfied a complaint filed by the lawyer for Anatoly Kaplan, the founder of Forklog, the largest Russian-speaking crypto-media outlet. The complaint was lodged against the National Anti-Corruption Bureau of Ukraine which failed to pass on plaintiff’s statement of offense into the pre-trial investigation registry in due time. The National Anti-Corruption Bureau of Ukraine (NABU) is a Ukrainian law enforcement institution which is tasked with investigation and prevention of crimes pertaining to corruption. According to the court’s statement, the plaintiff contacted NABU concerning a criminal offense committed by SSU (Security Service of

TheMerkle Ukraine WannaCry Clone

Judge I. L. Antipova of the Kyiv district court satisfied a complaint filed by the lawyer for Anatoly Kaplan, the founder of Forklog, the largest Russian-speaking crypto-media outlet.

The complaint was lodged against the National Anti-Corruption Bureau of Ukraine which failed to pass on plaintiff’s statement of offense into the pre-trial investigation registry in due time.

The National Anti-Corruption Bureau of Ukraine (NABU) is a Ukrainian law enforcement institution which is tasked with investigation and prevention of crimes pertaining to corruption.

According to the court’s statement, the plaintiff contacted NABU concerning a criminal offense committed by SSU (Security Service of Ukraine) on December 19, 2017. NABU was bound by law to process the allegation within 24 hours but failed to do so which forced Forklog’s founder to go to court.

As a result, the court compelled NABU to write in the statement of offense into the pre-trial investigation registry, denying NABU the right to dispute this decision.

In the aforementioned statement of offense, the plaintiff claims that SSU servicemen confiscated his digital wallets storing hefty sums in cryptocurrencies during an illegal search and seizure. Cryptocurrencies were then transferred to different wallets, allegedly controlled by this law enforcement agency.

Earlier in 2018, Kyiv’s Shevchenko district court partially satisfied lawyers’ request pertaining to the return of property seized in Forklog’s office. BTCManager reported on the raid conducted against Forklog in December 2017. The property in question included $13,500 in cash and two all-in-one Dell PCs (which were, in fact, Dell monitors, erroneously tagged as all-in-one PCs by SSU officers).

‘Big Bitcoin Heist’ mastermind escapes prison in Iceland – New York Post


New York Post

‘Big Bitcoin Heist’ mastermind escapes prison in Iceland
New York Post
STOCKHOLM — A man suspected of masterminding the theft of about 600 computers used to mine bitcoins and other virtual currencies has likely fled to Sweden after breaking out of a prison in Iceland, officials said Wednesday. Swedish police spokesman …
Suspect in Iceland bitcoin-mining heist breaks out of prison, escapes countryMarketWatch
Alleged bitcoin heist mastermind reportedly escapes from Iceland prison, goes to airport and flies awayWashington Post
Iceland: Bitcoin heist suspect has likely fled to SwedenCNBC
TIME –Ars Technica –The Guardian –BBC News
all 113 news articles »

New York Post
'Big Bitcoin Heist' mastermind escapes prison in Iceland
New York Post
STOCKHOLM — A man suspected of masterminding the theft of about 600 computers used to mine bitcoins and other virtual currencies has likely fled to Sweden after breaking out of a prison in Iceland, officials said Wednesday. Swedish police spokesman ...
Suspect in Iceland bitcoin-mining heist breaks out of prison, escapes countryMarketWatch
Alleged bitcoin heist mastermind reportedly escapes from Iceland prison, goes to airport and flies awayWashington Post
Iceland: Bitcoin heist suspect has likely fled to SwedenCNBC
TIME -Ars Technica -The Guardian -BBC News
all 113 news articles »

Crypto’s Craigslist: LocalBitcoins Is Making Millions Where Bitcoin Is Needed Most – Coindesk


Coindesk

Crypto’s Craigslist: LocalBitcoins Is Making Millions Where Bitcoin Is Needed Most
Coindesk
One of the longest-running and most controversial bitcoin companiess, the decidedly low-fi website now has roughly 20 employees worldwide and 4 million registered accounts. And reflecting the global tide, 40 percent of those users have signed up in the …

and more »

Coindesk
Crypto's Craigslist: LocalBitcoins Is Making Millions Where Bitcoin Is Needed Most
Coindesk
One of the longest-running and most controversial bitcoin companiess, the decidedly low-fi website now has roughly 20 employees worldwide and 4 million registered accounts. And reflecting the global tide, 40 percent of those users have signed up in the ...

and more »

XRP Price Rises Above $0.7 as Positive Momentum Shapes up Nicely

With the way things are going in the cryptocurrency market right now, fireworks are around the corner. As the total market cap is on its path to surpassing $350bn again, things look very promising indeed. The XRP price is noting some very strong gains right now, as its value surpassed $0.7 for the first time in nearly four weeks. XRP Price is Rising Rapidly As has been the case for all cryptocurrencies in the past few weeks, the momentum seems to turn in favor of this new paradigm once again. Although it is still too early to tell whether or

With the way things are going in the cryptocurrency market right now, fireworks are around the corner. As the total market cap is on its path to surpassing $350bn again, things look very promising indeed. The XRP price is noting some very strong gains right now, as its value surpassed $0.7 for the first time in nearly four weeks.

XRP Price is Rising Rapidly

As has been the case for all cryptocurrencies in the past few weeks, the momentum seems to turn in favor of this new paradigm once again. Although it is still too early to tell whether or not this is the beginning of something new, the current momentum seems to be pretty positive. For the XRP price, there has been a steady rise from $0.48 to $0.7 over the past week and a half.

Although this is still far removed from the XRP all-time high late last year, it is still well above the $0.2 level we saw for XRP throughout most of 2017. Keeping the bigger picture in mind is paramount in the cryptocurrency world, as the overall trend has been positive for the past few years. As of right now, we are looking at an XRP price of $0.717, which is a welcome change compared to how things were looking just two weeks ago.

While there is a 5.34% gain over the past 24 hours, it is not the most spectacular number we have seen across the markets. Even so, there’s also a 4.06% gain over Bitcoin, even though the world’s leading cryptocurrency has also been on the rise over the past few days. If this trend keeps up, the XRP price will hit $0.75 in the coming days without too many problems.

The demand for trading XRP is not slowing down either. More specifically, we have a 24-hour volume of $791.21m, which is more than respectable for a currency in the position of XRP. At the same time, one has to keep in mind XRP has never been the most liquid market in this regard, and the current volume seems to be on par with what people would normally expect out of XRP.

Unsurprisingly, South Korea and Japan are driving the XRP trading volume as of right now. Bithumb is keeping a firm hold on the market, followed by Bitbank and Upbit. There are three fiat currency pairs in the top three for XRP, which is not something we see every day. Even so, it goes to show Asia is still pretty confident this digital asset will make a positive impact throughout 2018. Only time will tell if those expectations can be met in a meaningful manner.

For the time being, the XRP price is looking pretty solid. If support can be found near the $0.7 level, things will undoubtedly get very interesting moving forward. This new wave of positive momentum is exactly what the cryptocurrency and digital asset needs right now, as the past few months have been anything but positive. Even so, the long-term trend has always been bullish, and there’s no reason to think the bear market will continue indefinitely.

Dow Jones Media Group And Brave Blockchain Platform To Test ‘Consent-Based Ads’

Dow Jones Media Group partners with Blockchain project Brave in order to experiment with the BAT token system, which rewards users for their “Basic Attention” in interacting with ads #NEWS

Dow Jones Media Group partners with Blockchain project Brave in order to experiment with the BAT token system, which rewards users for their “Basic Attention” in interacting with ads #NEWS

Kraken, ShapeShift CEO Condemn New York For Unfair Cryptocurrency Business Treatment

The New York Attorney General office launched a fact-finding inquiry to discover how the cryptocurrency exchanges work and what they’re doing to fight bots, money laundering, and market manipulation. Erik Voorhees, CEO of ShapeShift, and Jesse Powell, CEO of Kraken, denounce the “questionnaire” as hostile to cryptocurrencies and business, in general. Kraken CEO Slams New York Attorney General for ‘Hostile’ Inquiry Eric T. Schneiderman, the New…

The post Kraken, ShapeShift CEO Condemn New York For Unfair Cryptocurrency Business Treatment appeared first on NewsBTC.

The New York Attorney General office launched a fact-finding inquiry to discover how the cryptocurrency exchanges work and what they’re doing to fight bots, money laundering, and market manipulation. Erik Voorhees, CEO of ShapeShift, and Jesse Powell, CEO of Kraken, denounce the “questionnaire” as hostile to cryptocurrencies and business, in general.

Kraken CEO Slams New York Attorney General for ‘Hostile’ Inquiry

Eric T. Schneiderman, the New York Attorney General, sent questionnaires to 13 cryptocurrency exchanges in order to better understand how they operate and protect their customers’ investments.

The office sent questionnaires to Coinbase, Gemini Trust Company, Payward (Kraken), Bittrex, bitFlyer USA, iFinex, Circle Internet Financial Limited (Poloniex), Binance Limited, Elite Way Developments (Tidex.com), Bitstamp USA, Gate Technology (Gate.io), itBit Trust, and Huobi Global (Huobi.Pro).

The cryptocurrency industry is somewhat baffled at the initiative from the New York Attorney General as its approach seems hostile to the ecosystem. “The AG’s tone-deaf response shows just how bad the disconnect really is”, said Kraken CEO Jesse Powell on Twitter. “Not only are they apparently experts in what legitimate businesses desire, they are also experts in what’s important to consumers. I have a wild idea: how about we let the market decide?”

Jesse Powell published Kraken’s the full reply to the New York Attorney General, slamming the state government’s hostile approach and its attempt at inquiring companies based outside New York.

“Kraken’s BitLicense-prompted exit from New York in 2015 pays another dividend today. When I saw this 34-point demand, with a deadline 2 weeks out, I immediately thought “The audacity of these guys – the entitlement, the disrespect for our business, our time! The resource diversion for this production is massive. This is going to completely blow up our roadmap!” Then I realized that we made the wise decision to get the hell out of New York three years ago and that we can dodge this bullet.”

The statement added that Kraken is happy to help government understand their business, but instead of an inquiry, a conversation at lunch would be more productive and respectful.

“We did all this once already, and then you gave us the BitLicense. Why don’t you try extracting this information from those businesses actually operating in your state? Kraken left New York because New York is hostile to crypto, and this “questionnaire” we received today proves that New York is not only hostile to crypto, it is hostile to business”, Kraken’s statement said.

Jesse Powell’s response to the New York Attorney General’s office found massive support from the cryptocurrency community, including heavyweight executives within the industry such as Erik Voorhees, Chief Executive Officer of ShapeShift.

Cryptocurrency exchange operating outside the New York state are not required by law to answer the inquiry. The approach from NY’s Attorney General may drive away more companies within the crypto space.

The post Kraken, ShapeShift CEO Condemn New York For Unfair Cryptocurrency Business Treatment appeared first on NewsBTC.

Make or Break? Bitcoin Nears Key Resistance Hurdle at $8300 – Coindesk

CoindeskMake or Break? Bitcoin Nears Key Resistance Hurdle at $8300CoindeskBitcoin (BTC) remains in bullish territory today, but a major break above the long-term descending trendline has been elusive. That failure on the part of the bulls means the cr…


Coindesk
Make or Break? Bitcoin Nears Key Resistance Hurdle at $8300
Coindesk
Bitcoin (BTC) remains in bullish territory today, but a major break above the long-term descending trendline has been elusive. That failure on the part of the bulls means the cryptocurrency needs a major move above $8,300 soon to lessen the risks of ...