Please share if you find this article interesting. “Bitcoin Is A Scam,” Claims Ousted CEO Of Paypal Bill Harris, co-founding but short-lived CEO of Paypal, has written an opinion piece on Bitcoin in which he claims the cryptocurrency is “a scam… a colossal pump-and-dump scheme, the likes of which the world has never seen,” published on Recode Tuesday, April 24. Harris’s argument targeted Bitcoin on three fronts, asserting it is useless as a means of payment, is extremely volatile, and has “no intrinsic value.” He also placed heavy emphasis on the criminal exploitation of resource-hungry mining, targeting by hackers, and the scam-beset history of Initial Coin Offerings (ICOs), failing to distinguish the latter fundraising model from Bitcoin itself. Harris also asserted that “most”
Please share if you find this article interesting. How Bitcoin Cash Can Avoid the Same Mistakes as Bitcoin Core, Part 1 - Bitcoin News Op-Ed 1 min ago | By OP-ED - | 3 The following opinion piece was written by Jonald Fyookball. The bitcoin cash (BCH) community understands key principles: Bitcoin should be a peer to peer Electronic Cash system; most users can use SPV wallets instead of running their own node; “second layer” scaling solutions are often unnecessary and problematic. While important, and it places the BCH ahead of others, education isn’t only about the scaling debate. It’s important to understand all aspects of Bitcoin. Also read: Telegram Urges Paper Airplane Protest, Pussy Riot Activist Arrested Bitcoin Cash Knowledge is Power If I were to ask a questio
Please share if you find this article interesting. FT: Multiple Online Harassment Allegations Against IOTA Team, Foundation Board Member Says He’s Not ‘Aware’ Of Incidents The Financial Times (FT) news outlet published an article Wednesday, Apr 25, detailing allegations levelled by several people against IOTA. According to FT’s report, some members of IOTA’s team have resorted to threats of legal action or violence when dealing with critics of their project online. When asked to comment on the report, Ralf Rottmann, a member of the IOTA Foundation’s board of directors, told Cointelegraph that he “joined the Board of Directors just recently and [is] not personally aware of any of the alleged incidents”: “What I do know: IOTA Foundation continues to win renowned corporate partner
Please share if you find this article interesting. The Notorious Bunny Ranch Brothel Now Accepts Bitcoin - Bitcoin News News According to the infamous licensed brothel in Nevada, the Moonlite Bunny Ranch, a sex worker named Lana West was paid for her intimate favors with a few thousand dollars in bitcoin. Since then the Bunny Ranch has announced accepting the digital currency for sexual services. Also read: Five Reasons Why Bitcoin Cash is About to Win Big The Cathouse Goes Bitcoin Lately a few escort business and sex workers have been revealing that they accept cryptocurrencies for sexual services. Now the well-known Bunny Ranch, a legal bordello owned by Dennis Hof is accepting bitcoin. The brothel’s location is in the state of Nevada, which allows legal prostitution as lo
Please share if you find this article interesting. Nasdaq CEO Says Company ‘Open’ To Becoming Crypto Trading Platform When Market Matures The CEO of Nasdaq said that the stock market could become a platform for trading cryptocurrencies in the future, if the market becomes more regulated, CNBC’s Squawk Box reports Wednesday, April 25. Nasdaq CEO Adena Friedman said during an interview that “certainly Nasdaq would considering become a crypto exchange over time.” Friedman believes that cryptocurrencies “will continue to persist,” the only caveat being the amount of time it will take for the crypto sphere to mature. Once that kind of institutional regulations set in, according to Friedman, Nasdaq can say: “‘It's time, people are ready for a more regulated market, for something that
Please share if you find this article interesting. System Error at Korean Crypto Exchange Gave Users Free Coins - Bitcoin News Exchanges A South Korean cryptocurrency exchange said it suffered an internal system error which affected withdrawals. The exchange claimed that users were able to withdraw five times the number of coins they requested. It is asking for the coins back, and will seek civil liabilities and damages from users who do not voluntarily return the coins. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Internal System Error New South Korean exchange Cashierest reportedly caused a controversy on Friday when it claimed to have an internal system error which affected withdrawals, according to local media. The exchange, which was launched in March
Please share if you find this article interesting. Markets Update: Bears Return to Crypto Markets for Some Action - Bitcoin News Market Updates On April 25 digital assets are seeing volatile price declines today across cryptocurrency markets worldwide. Over the past 24-hours, the entire cryptocurrency market capitalization has lost more than $30Bn since our last markets update. Bitcoin Core (BTC) market prices are averaging $8,920 right now after tumbling to the $8,700 territories earlier today. Bitcoin (BCH) market values have also dropped from their $1,550 high and currently hover around the $1,270 zone. Also read: ‘Coindaddy’ Another Crypto-Rapper Rhymes About Bitcoin Life Bears Claw BTC Prices Below the $9K Zone Bears have managed to claw digital asset markets as many ar
Please share if you find this article interesting. After Two Weeks Of Gains Markets Are Down Across The Board, Bitcoin Below $9,000 Bitcoin (BTC) is trading below $9,000 today, as the market dips significantly after two weeks of gains, Coin360 data shows. BTC is currently trading around $8,848 after reaching $9,708 at one point earlier today, now down around 5 percent over a 24 hour to press time. Ethereum (ETH) is back below $700, trading at around $607 by press time and down about 12 percent over a 24 hour period. Of the top ten coins on CoinMarketCap, only EOS is up, between 0 and 1 percent over a 24 hour period and trading at around $14.07. EOS has seen a rise in price since the April 6 announcement of the pre-release of the Blockchain scalability platform EOSIO Dawn 3.0 ...
Please share if you find this article interesting. Multiple Exchanges Suspend ERC20 Token Trading Due To Potential BatchOverflow Bug Crypto exchange Poloniex has suspended all ERC-20 (Ethereum-based) token deposits and withdrawals, and HitBTC has initiated an internal inspection that takes deposits and transfers offline, following OKEX’s decision to halt ERC20 deposits earlier today after the discovery of a potential new smart contract bug called batchOverFlow. We've temporarily suspended ERC-20 token deposits and withdrawals while we review all smart contracts for exposure to the reported batchOverflow bug. We take any reports of vulnerabilities very seriously to ensure that customer funds remain safe. Thank you for your patience! — Poloniex Exchange (@Poloniex) April 25, 2018
Please share if you find this article interesting. PR: Aramcocoin Launches Crypto Commodity Coin - 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. Aramco Ltd. is a private company based out of the United Kingdom and Saudi Arabia. Aramco Coin has created the ARM token in order to allow people to invest in a cryptocurrency that has some intrinsic value and also to allow people to easily trade on the live price of Brent crude oil. Aramcocoin.io is a digitized interest in equivalent reserve barrels of crude oil and ...