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January 23 · Issue #156 · View online
Kyle Torpey has been a full-time Bitcoin writer and researcher since early 2014. Currently, he contributes regularly to Forbes and CoinJournal. His work has also appeared in Business Insider, VICE Motherboard, Nasdaq, and many other media outlets. Additionally, Kyle goes over the day's top Bitcoin stories in a daily YouTube show and podcast, which can be found at http://kyletorpey.com.
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Note: This week will be ad-free as I search for new sponsors. Feel free to shoot an email to email@kyletorpey.com if you know anyone interested.
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Bitcoin broker Coinbase booked $1 billion in revenue last year - Recode
Coinbase crossed $1 billion in revenue last year, Recode has learned from industry sources, a tremendous rise fueled by layman interest in both bitcoin and competing virtual currencies that users can buy and sell through the app.
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Study Suggests 25 Percent of Bitcoin Users Are Associated With Illegal Activity
🚨BY KYLE TORPEY🚨 In a newly published paper on the use of bitcoin for illegal activity, researchers from the University of Sydney, the University of Technology Sydney and …
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Criminal activity will spur government intervention and kill bitcoin
Kyle’s note: I don’t think this guy has a good point. There have been many examples of people talking about governments shutting down bitcoin without explaining how they’ll be able to do it, which is an extremely important aspect of a supposed shutdown. Just putting this here so I can talk about it on the show really.
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Stiglitz calls for regulating bitcoin, which he says would kill demand - Business Insider
Kyle’s note: Same note as the above story.
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James Wang on Twitter: "TSMC — the world's largest chip factory — is all about crypto all of a sudden.
Bitmain is buying ~20k 16nm wafers a month. That's more than Nvidia.… https://t.co/jDWZfpkaWp"
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Why the I.R.S. Fears Bitcoin - The New York Times
Cryptocurrencies could lead to significant losses in tax revenue.
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Hackers steal $1.5 million a month from cryptocurrency funds - CNET
Research by Ernst & Young indicates that hackers stole about $400 million from 372 initial coin offerings over the last two years.
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Scammers Banking Millions by Counterfeiting the Upcoming Telegram ICO - Bitsonline
Pavel Durov – the founder of Telegram Chat Messenger – has warned crypto investors to look out for scams that use the Telegram brand name. The young entrepreneur tweeted his caution after hearing of multiple fake websites created to trap those curious about the billion-dollar token sale.
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Bitcoin miners flood into this farming county in Washington
Bitcoin miners are eyeing the farming county, but it’s not easy for the local authority to say “welcome” to all.
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Bitcoin exchange: Lenders freeze accounts of bitcoin exchanges - Times of India
India Business News: MUMBAI: A surge in volumes is understood to be the trigger behind the freezing of accounts of bitcoin exchanges across the country. Kyle’s note: This is more information on yesterday’s top story. Exchanges seem mostly unaffected at this point.
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Easing stance, South Korea to adopt real-name crypto trading
SEOUL, South Korea (AP) — Softening its tough stance on crypto trading for now, South Korea said Tuesday it would adopt a system requiring that transactions that until now were an Kyle’s note: This news about real-name trading is actually old, but it was reconfirmed today. A Reuters report from today also indicated a full ban on domestic cryptocurrency exchanges is still on the table.
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Bitcoin Outputs Per Day - Bitcoin Scaling Data
outputs.today tracks the number of outputs per transaction occurring on the Bitcoin blockchain every day. Kyle’s note: Tracking outputs per day rather than transactions is probably a better indicator of the activity on the network.
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Yes, Bitcoin Is a Means of Payment. Just Not Yet for You - Bloomberg
It’s great for big transactions. The challenge is handling smaller ones.
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Most Americans have heard of bitcoin, but very few own any | finder.com
🚨BY KYLE TORPEY🚨 However, around one fifth of US residents are considering buying into the popular cryptocurrency.
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Five myths about Bitcoin’s energy use | Coin Center
We address common misconceptions about the incentives that make this technology work.
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How I Lost Nearly 200 BTC trading this past month : BitcoinMarkets
So, long story short, I started trading a year ago, been margin longing the whole run from 1k to 19k ( sometimes closing the top, sometimes…
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transactionfee.info
Check the fee efficiency of your last transaction!
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Bitcoin tumbles below $10,000 and is now down 25% on the year
Bitcoin briefly fell Tuesday below the psychologically key $10,000 for the second time in a week.
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Trace Mayer: Bitcoin "Is A Geopolitical Weapon... Can Become Reserve Asset" | Zero Hedge
“…Gold is sound money and limited in supply but it doesn’t move well. The dollar moves well but is not limited in supply. Bitcoin moves well and is limited in supply which is why it has been outcompeting both since its creation in 2009.”
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After Bitcoin Futures, Watch Out for Crypto Repos - WSJ
A former Goldman Sachs banker plans to launch a digital currency platform that will make it easier for investors to short one cryptocurrency against another, potentially bringing the nascent market one step closer to the financial mainstream.
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Nasdaq looking into bitcoin futures different to rivals: CEO
The Nasdaq is assessing how to offer crypto-currency futures in a way that none of its competitors does, its president told CNBC.
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Lots of Russians want to invest in bitcoin but we believe it's a bubble, wealth fund chief says
A panel of fund managers have given their tips on where to find pockets of value in the market — and what assets investors should avoid.
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Video: Goldman Sachs' Jeff Currie: Why bitcoin is a commodity
Jeff Currie, Goldman Sachs head of commodities research, makes the case that bitcoin is a commodity and how it factors into his best commodity calls for 2018.
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Bitcoin is not an investment we would advise, UBS chairman says
UBS believes that bitcoin is a speculative investment and is not advising its clients to invest in the digital currency, the bank’s chairman told CNBC Tuesday.
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TD Ameritrade says blockchain, cannabis shares help drive trading surge | Reuters
Heavy investor trading in blockchain and cannabis stocks in December helped push TD Ameritrade Holding Corp’s (AMTD.O) quarterly profit higher, the online broker’s chief executive said on Tuesday.
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50 Cent's Earned Millions Selling His Album for Bitcoin | TMZ.com
50 Cent took a chance on bitcoin long before anyone knew what cryptocurrency even was … and it’s paid off.
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Every new crypto investor! : Bitcoin
reddit: the front page of the internet
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Why Berlin remains the Bitcoin capital of Europe in 2018 - The Local
When it comes to spending the digital currency Bitcoin, it seems Berliners have been on trend longer than the rest of Europe.
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You can earn bitcoin with these free apps | IOL Business Report
Find out how you can earn bitcoin with these free apps that pay out as much as 400 Satoshi every 15 minutes.
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Belgian PhD student decodes DNA and wins a Bitcoin | European Bioinformatics Institute
Belgian PhD student Sander Wuyts wins a Bitcoin by sequencing DNA and decoding the encrypted key, solving Nick Goldman’s DNA Storage Challenge.
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GMO Internet’s Cryptocurrency Mining Business Develops 12 nm FFC Process Technology for Semiconductor Chips: Progressing towards realizing a cutting-edge 7 nm process technology for mining chips - GMO Internet, Inc.
Tokyo, Japan – January 22, 2018 – GMO Internet’s ( https://www.gmo.jp/en/ ) new cryptocurrency mining business, which has been launched through its European legal entity, is currently developing cutting-edge 7 nm*1 process technologies for chips to be used in the mining process. We are currently jointly working on research and development with our alliance partner who possesses semiconductor design technology to realize next-generation mining board, a high-performance computer for mining.
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Ending Bitcoin Support
Starting today, we are winding down support for Bitcoin payments. Over the next three months we will work with affected Stripe users to ensure a smooth transition.
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The Programmer at the Center of a $100 Billion Crypto Storm - WSJ
Prices for bitcoin and other digital currencies on Jan. 8 lost more than $100 billion in collective market value. The move can be traced to one address: A Long Island City apartment that is the home of Brandon Chez, a 31-year-old computer programmer behind website coinmarketcap.com.
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Crypto Exchange BitFlyer Embraces Oversight the Market Fears - Bloomberg
BitFlyer Inc., one of the world’s first cryptocurrency trading platforms, is embracing the regulation that the market fears is coming its way.
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Why Nordea banning bitcoin will backfire – Christoffer de geer – Medium
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Physical Bitcoins: Hands-On, End-to-End Review of Opendime USB Flash Stick
Opendime is a tiny USB flash drive that can be loaded with bitcoin by the first user and given to another user, who is, in turn, able to pass it along to a …
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EdgeSecure's Paul Puey: “Digital Security Will Take Place on the Edges”
Security is one of the hottest topics in today’s ever-evolving digital world. A steady flow of debate continues to take place at tech forums worldwide on …
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Microsoft, Hyperledger, UN Join Blockchain Identity Initiative - CoinDesk
Tech giant Microsoft and blockchain alliance Hyperledger have joined blockchain-based digital identity initiative, the ID2020 Alliance.
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PSA: with mempool being cleared, now it's a good time to move your funds from legacy to segwit address : Bitcoin
Don’t wait until the fees are super high again. Move to segwit and take advantage of extra witness space in the blocks!
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Blockstream - Key Aggregation for Schnorr Signatures
Last Monday we published a paper that introduces MuSig, a multi-signature scheme based on Schnorr signatures. This post will dive into its construction and a…
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[bitcoin-dev] Taproot: Privacy preserving switchable scripting
Interest in merkelized scriptPubKeys (e.g. MAST) is driven by two main areas: efficiency and privacy. Efficiency because unexecuted forks of a script can avoid ever hitting the chain, and privacy because hiding unexecuted code leaves scripts indistinguishable to the extent that their only differences are in the unexecuted parts.
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Eclair (Lightning network wallet) alpha 9 now available for testing : Bitcoin
reddit: the front page of the internet
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Blockchain State Storage Rent Revised | Bitslog
(This post is an updated re-post of a previous post in RSK blog) In a nutshell, storage rent is a fee users pay in order to have their accounts, contracts and memory live on the network at any time, so their data can be accessed fast and at a low cost. Storage rent does not fulfill any purpose in…
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/r/DarkNetMarkets: This is the day!
This is the day everything is coming back to normal 3.66$ bitcoin transaction fee. Now you can spend your bitcoins and buy that European molly without having to do a 15$ transaction!
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Fake cryptocurrency scam delivers ransomware - and more malware when you pay up | ZDNet
Fake cryptocurrency advertised on forums is used to lure targets into installing what researchers say could be a test for new ransomware delivery techniques and tactics.
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Monero crypto miner leveraging Apache Struts vulnerability
Cryptocurrency miners have begun using two older and already patched vulnerabilities to compromise servers to mine the Monero digital currency.
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UK’s Top Law Firms at Risk After 1m+ Credentials Found on Dark Web - Infosecurity Magazine
UK’s Top Law Firms at Risk After 1m+ Credentials Found on Dark Web. Spear-phishing, CEO fraud and data theft could follow, says RepKnight
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Trussville veterinarian bought 36k fatal doses of fentanyl on dark web with bitcoins, authorities say | AL.com
David Ray Wallace, 46, of Alabaster, and Dana Marie Leslie, of Pelham, were taken into custody Monday. The Shelby County Drug Enforcement Task Force assisted narcotics investigators and SWAT with the Alabama Law Enforcement Agency, as well as U.S. Postal Inspector investigators.
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Infant Social Security numbers are for sale on the dark web - Jan. 22, 2018
What happens when an identity thief steals your child’s data?
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US Senators Blast Venezuela's Oil-Backed Cryptocurrency Plan - CoinDesk
U.S. Senators Marco Rubio (R.-Fl) and Robert Menendez (D.-NJ) have denounced Venezuela’s planned cryptocurrency in a new letter.
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Nic Carter on Twitter: "So IOTA is stumbling through yet another bizarre crisis of their own devising. Turns out they required users to generate their own randomness rather than making it intrinsic to the wallet. It did not go well. "
There are no bad users, only bad UX. Forcing individuals to manually generate an 81-char seed consisting of a-z + 9 is fairly arduous, to say the least.
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Bitcoin May Split 50 Times in 2018 as Forking Craze Accelerates - Bloomberg
Bitcoin God arrived last month. Bitcoin Pizza was delivered in January. Bitcoin Private’s issuance date is… still a secret.
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You can buy celebrities with Ethereum now
Blockchainify all the celebrities! A new cryptocurrency is being traded in the form of collectible virtual celebrities. Because not everyone likes kitties.
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SEC is scrutinizing overnight blockchain companies: chairman | Reuters
The U.S. Securities and Exchange Commission (SEC) is scrutinizing public companies that change their name or business model in a bid to capitalize upon the hype surrounding blockchain technology, SEC Chairman Jay Clayton said on Monday.
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Virginia Lawmaker Calls for New Cryptocurrency Impact Study - CoinDesk
A state senator in the U.S. state of Virginia has filed new legislation that would mandate an impact study on cryptocurrencies.
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Digital currencies not licensed –Bank of Ghana | Business News 2018-01-22
The Bank of Ghana says activities in digital currency are currently not licensed under the Payments System Act 2003 (Act 662).
It said while it has taken notice of recent developments in the use, holding, and trading of virtual or digital currencies (also known as cryptocurrencies), such as Bitcoin in Ghana, it is not legal tender and it is not regulated.
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No unconfirmed stories for today.
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No other stories from today.
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