Wednesday, January 16Your Daily Bitcoin & Altcoin News Portal

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Buy the FUD: Mainstream Media Convinced Coinrail Hack Caused Crypto Price Plunge

Buy the FUD: Mainstream Media Convinced Coinrail Hack Caused Crypto Price Plunge

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Please share if you find this article interesting. Buy the FUD: Mainstream Media Convinced Coinrail Hack Caused Crypto Price Plunge Cryptocurrency users are venting frustration June 11 after mainstream media outlets reported the crypto market had fallen namely due to the hacking of a small South Korean exchange Coinrail. As both Bitcoin and altcoins fell June 10, sources including Bloomberg, the Wall Street Journal (WSJ), Reuters, the Guardian and others claimed that Coinrail’s hack – which local media reported as causing $37 mln in losses –  had crashed markets. The exchange confirmed the “cyber intrusion” in a tweet Sunday, and in a post on its site, but has yet to specify the value of losses. “Enthusiasm for virtual currencies has waned partly due to a string of cyber heists,”
CryptoGirl
Crypto and Virtual Reality Meet in Ken Liu’s Science Fiction – Bitcoin News

Crypto and Virtual Reality Meet in Ken Liu’s Science Fiction – Bitcoin News

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Please share if you find this article interesting. Crypto and Virtual Reality Meet in Ken Liu's Science Fiction - Bitcoin News Interview Science fiction writer Ken Liu has written an important short story, Bizantine Empathy, weaving as central to the narrative cryptocurrency and distributed ledger technology. Finally, crypto breaks out of its ghettoization in popular fiction, where it has been the plaything of terrorists and drug dealers, and instead has been used as an elegant background to a larger point. We caught up with Mr. Liu to ask him more about his motivations for bringing such a technical topic into the science fiction community.  Also read: Fidelity Investments Hints at Entering Cryptocurrency Exchange Space Author Ken Liu Has Coding Street Cred No less a persona
CryptoGirl
$6K Next? Bitcoin Bear Market Back After 10% Drop

$6K Next? Bitcoin Bear Market Back After 10% Drop

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. $6K Next? Bitcoin Bear Market Back After 10% Drop The bitcoin market has come alive in the last 36 hours, with the bears gaining the upper hand and now aiming for fresh 2018 lows below $6,000. The cryptocurrency dropped nearly 10 percent on Sunday, hitting a two-month low of $6,619 on Bitfinex, having spent the last two weeks trading in the narrow range of $7,000–$7,800. Across the media, the price drop has been put down to a cyber attack on South Korean exchange Coinrail, revealed Sunday, and renewed concerns regarding security at cryptocurrency exchanges. However, a big move was expected anyway – as an extended period of consolidation or low volatility is often followed by a sharp move on either side  – and prices started falli
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Bitcoin in Brief Monday: Korean Exchange Hack Takes a Toll on Crypto Markets – Bitcoin News

Bitcoin in Brief Monday: Korean Exchange Hack Takes a Toll on Crypto Markets – Bitcoin News

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Please share if you find this article interesting. Bitcoin in Brief Monday: Korean Exchange Hack Takes a Toll on Crypto Markets - Bitcoin News The Daily The news of another hacked South Korean crypto exchange, widely blamed for the drops across the markets, is the main story in today’s edition of Bitcoin in Brief. Other subjects covered include a hospital where you can pay with tokens and a “blockchain” based cultural center established by a gangster. Also Read: Women’s Interest in Crypto Trading Has Doubled, UK Exchange Reveals $40 Million Coinrail Hack Coinrail, a lesser known Korean trading venue, has reportedly been the victim of a hack – costing the clients of the exchange over $40 million worth of ICO tokens. The hacker stole $19.5 million in NPXS (Pundi X’s ICO tokens
CryptoGirl
Ex-FDIC Chair: Current Monetary Tools ‘Inadequate’, Fed Should Consider Digital Currency

Ex-FDIC Chair: Current Monetary Tools ‘Inadequate’, Fed Should Consider Digital Currency

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Please share if you find this article interesting. Ex-FDIC Chair: Current Monetary Tools ‘Inadequate’, Fed Should Consider Digital Currency The former Chair of the U.S. Federal Deposit Insurance Corporation (FDIC) said that she thinks the Federal Reserve (Fed) needs to seriously consider issuing a central bank-issued digital currency (CBDC) in a June 8 op-ed published on Yahoo! Finance. In her op-ed, the former FDIC Chair Sheila Bair noted that “the past 10 years are proof positive that current monetary tools are woefully inadequate to stimulate broad-based economic growth,” adding: “The super rich have gotten a lot richer, while the middle class has struggled.” Bair first crosses out cryptocurrencies like Bitcoin (BTC) as a way to improve current monetary tools, noting that “u
CryptoGirl
Lithuania Issues Guidelines for When ICO Tokens Are Securities

Lithuania Issues Guidelines for When ICO Tokens Are Securities

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Lithuania Issues Guidelines for When ICO Tokens Are Securities Lithuania's Ministry of Finance has issued guidelines on initial coin offerings (ICOs), outlining when cryptographic tokens would be viewed as securities and how each aspect of a token sale should be regulated by different laws in the country. According to the document published Friday, a defining feature in the recommended framework is whether a token "grants profits or governance rights" to investors who obtain the token through an ICO. While existing civil code should apply to all projects with tokens that can only be used as a payment tool or the right to access certain products, a variety of financial regulations should apply if a token grants profits or governan
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PR: Viola.AI, AI Singapore and Singapore Management University Announced Strategic Partnership – Bitcoin News

PR: Viola.AI, AI Singapore and Singapore Management University Announced Strategic Partnership – Bitcoin News

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Please share if you find this article interesting. PR: Viola.AI, AI Singapore and Singapore Management University Announced Strategic Partnership - Bitcoin News 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. SINGAPORE – Viola.AI, the blockchain-powered dating and relationships AI has announced its strategic partnership with AI Singapore, a Singapore government initiative to catalyse, synergise and boost the nation’s AI capabilities, and Singapore Management University (SMU) to provide dating and relationship solution for si
CryptoGirl
Bitmex to VIPs: Bitcoin Won’t Replace Fiat, Just a ‘Useful Niche,’ Enthusiasts ‘Naive’ – Bitcoin News

Bitmex to VIPs: Bitcoin Won’t Replace Fiat, Just a ‘Useful Niche,’ Enthusiasts ‘Naive’ – Bitcoin News

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Please share if you find this article interesting. Bitmex to VIPs: Bitcoin Won’t Replace Fiat, Just a ‘Useful Niche,’ Enthusiasts 'Naive' - Bitcoin News Op-Ed Bitcoin Mercantile Exchange (Bitmex) released proprietary research reportedly geared toward their VIPs. Researchers find bitcoin core’s (BTC) deflationary aspects interesting for speculation and as a “payment system,” but predict it will ultimately not usurp government paper, describing the BTC phenomenon as simply a “useful niche,” and those who “think Bitcoin would result in a more prosperous economic system” as “naive.” It’s a strange position to take as a bitcoin exchange.  Also read: Philippines’ Crypto Wallet Reaches 5 Million Users, Adds More Coins Before Weirdly Turning, Bitmex Praises BTC’s Deflationary Aspect
CryptoGirl
Bitcoin Price Dips to Two-Month Low Below $7K

Bitcoin Price Dips to Two-Month Low Below $7K

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Bitcoin Price Dips to Two-Month Low Below $7K The price of bitcoin dropped $500 in a single hour Sunday to hit a two-month low below $6,700. According to CoinDesk's Bitcoin Price Index, the world's largest cryptocurrency by market capitalization is now changing hands at $6,718, up slightly after reaching a daily low of $6,647, its lowest total since April 10. Indeed, data shows that over the last 24-hours bitcoin failed to find solid support in the $7,470 zone, before plummeting 11 percent to $6,647. For traders, this means bitcoin's two-month uptrend appears to be in question. Trading at around $6,700, bitcoin is now within striking distance of its 2018 low of $5,947 set in February. With the bitcoin price declining, so too ha...
CryptoGirl
More Japanese Public Companies Entering the Crypto Space – Bitcoin News

More Japanese Public Companies Entering the Crypto Space – Bitcoin News

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Please share if you find this article interesting. More Japanese Public Companies Entering the Crypto Space - Bitcoin News Exchanges Following reports of six publicly listed companies launching their own cryptocurrency exchanges in Japan, three other firms listed on the Tokyo Stock Exchange have announced plans to enter the space with various crypto offerings. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Publicly traded companies in Japan are increasingly seeking to enter the crypto space to offer various crypto-related services. News.Bitcoin.com recently reported that six public companies are planning to launch their own cryptocurrency exchanges including Money Forward, which operates one of Japan’s most popular personal finance apps. An additional three