The crypto crash that began two days ago accelerated yesterday and today, with essentially all top 100 coins down anywhere between 15-30 percent. The total market capitalization of all cryptocurrencies is hovering around $450 billion, down ~30 pe…
View More Bitcoin drops below $10K after three days of cryptocurrency correctionCategory: cryptocurrencies
The Bitcoin community reacts to crash
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Bitcoin and other cryptocurrencies crashed hard, and many people aren’t taking it well.
Down from the near-$20,000 highs of early December, Bitcoin plummeted 25 percent on Tuesday to as low as $10,194. This hasn’t gone over so well with those who poured their life savings into cryptocurrency.
Just how bad is it? Well, at the time of this writing, a post providing the phone number of the U.S. National Suicide Hotline sat at the top of the cryptocurrency Reddit.
Image: reddit
Importantly, it’s not just Bitcoin that’s down. Everything from Ether, to Ripple, to Bitcoin Cash, to Litecoin is presently taking a bath. Read more…
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View More The Bitcoin community reacts to crashOne person is probably responsible for almost 600 percent of Bitcoin’s price rise
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Bitcoin is complicated. From what, exactly, it’s good for to who created it, there remains a host of unanswered questions about the world’s foremost cryptocurrency.
But when it comes to what drove the monumental price rise over the last 9 years, we now have at least a partial answer — and it’s not what you’d think. You see, it turns out that one person or one coordinated group is likely responsible for a massive increase in Bitcoin’s value back in 2013. Yup, just one.
That’s the conclusion of a group of researchers in the Journal of Monetary Economics, who write that the price of Bitcoin has been (surprise!) subject to manipulation over the years. Read more…
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View More One person is probably responsible for almost 600 percent of Bitcoin’s price riseResearchers find that one person likely drove Bitcoin from $150 to $1,000
Researchers Neil Gandal, JT Hamrick, Tyler Moore, and Tali Oberman have written a fascinating paper on Bitcoin price manipulation. Entitled “Price Manipulation in the Bitcoin Ecosystem” and appearing in the recent issue of the Journal of Monetary Economics the paper describes to what degree the Bitcoin ecosystem is controlled by bad actors. To many it’s been obvious that… Read More
Overstock and Coinbase briefly mixed up Bitcoin and Bitcoin Cash
A glitch on Overstock’s website allowed users to send amounts of Bitcoin Cash to Overstock when the system was expecting Bitcoin, leading to drastic discounts on many items. Given that BTC is about $14,000 and Bitcoin Cash is $2,400, the mistake could have been quite costly. Originally reported by Brian Krebs, the exploit allowed you to send the required amount of BTC in Bitcoin Cash.… Read More
Comcast Ventures is betting on blockchain technologies in 2018
Comcast Ventures has been looking at blockchain technology for a months, driven by Comcast and NBCUniversal’s long-standing interest in applications across several of the company’s business units. Read More
Bitcoin conference stops accepting bitcoin for tickets, oh the irony
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The irony of a conference dedicated to all things cryptocurrency that’s unable to accept bitcoin payments for conference tickets is glaring.
On the North American Bitcoin Conference ticketing page — where last minute tickets are $1,000 USD for the Jan. 18-19 event in Miami — an explanation for the “no cryptocurrency” policy cites “network congestion and manual processing.”
To be fair, processing fees are high for bitcoin. The price fluctuates, but it’s gone up in recent months, reaching an average as high as $55. This week it’s closer to $30. As Bitcoin.com reported, a growing list of merchants is pulling back from bitcoin payments. It’s not a quick and easy transaction system. Read more…
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View More Bitcoin conference stops accepting bitcoin for tickets, oh the ironyTelegram plans multi-billion dollar ICO for chat cryptocurrency
Encrypted messaging startup Telegram plans to launch its own blockchain platform and native cryptocurrency, powering payments on its chat app and beyond. According to multiple sources which have spoken to TechCrunch, the “Telegram Open Network” (TON) will be a new, ‘third generation’ blockchain with superior capabilities, after Bitcoin and, later, Ethereum paved the… Read More
Opera now protects you from cryptojacking attacks
Opera today launched version 50 of its desktop browser. Sadly, this release doesn’t come with a cake to celebrate this milestone (not even a tiny cupcake), but the newest release does include a new feature that makes sure that nobody can mine crytocurrencies in your browser. Read More
This guy is the face of the bitcoin bubble
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In 2013, James Altucher called bitcoin “a fad, or a scam, or a ponzi scheme, or worse.”
Now, he’s become the face of the bitcoin bubble, appearing in ads across the internet touting the cryptocurrency — along with his paid newsletters with titles like, “Bitcoin Expert Reveals 3-Step Secret To Retire Rich.”
Altucher is just one of a growing number of internet self-help gurus that have embraced bitcoin as the future, a way for you — yes, you — to get rich. It’s a pitch built on a dangerous combination: Dreams of riches and ignorance of a new, highly volatile market.
And all you have to do is subscribe to their newsletters. Read more…
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There’s a growing #resistance to cryptocurrency, and is anyone surprised?
There comes a moment in any digital revolution when its most ardent mansplaining soldiers become so insufferably, unapologetically obnoxious, a resistance is born.
Currently, there is a growing opposition to cryptocurrency in all its forms. Many, man…
This company will self-destruct after its ICO
Two opposing fears are holding back the move to token-networks: a fear of the absence of governance on one side and a fear of regulation on the other.
There is, however, a solution to both of these contradictory concerns when it comes to company …