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January 24 · Issue #157 · 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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Here's The Fundamental Bitcoin Valuation Metric That Determines The Cryptocurrency's Price Moves
Hodlers are the floor on the bitcoin price.
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Extortion, Police Raids and Secrecy: Inside The Venezuelan Bitcoin Mining World
I have never feared for the safety of anyone I have collaborated with on an interview. Many people put their lives and families at risk for what I am about to tell you. This is one of those stories I…
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Chinese Scholar: China To Release New Policy On Cryptocurrency And ICO in 2018 | NEWS.8BTC.COM
January 19, Bangkok-Yang Dong, vice president of Law School of China People’s University and director of the Center for Financial Technology, delivered a speech titled
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Another 'Stablecoin' Debuts: Can Asset-Backed Cryptocurrencies Ward Off Crypto Volatility?
Amid the frequent volatility of today’s cryptocurrency market, there’s an emerging class of tokens that wants to shed this image. As such, they’ve been dubbed “stablecoins,“ and a new one, dollar-backed TrueUSD, launched Wednesday.
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Friedman LLP website no longer lists Bitfinex as a client : Buttcoin
Looks like they’ve removed the mention of auditing Bitfinex from their website sometime between December and now. In december:…
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Suspect charged in Bitcoin heist, police hunt 2 others - Ottawa - CBC News
Ottawa police have arrested one suspect and are looking for two others after employees at a Bitcoin financial institution were held up at gunpoint Tuesday.
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Dream Marketplace adds Monero
Vendor here. I just logged into Dream and was prompted to set whether or not I will accept Monero for orders (fuck yes, I will). So Dream now accepts BTC, BCH, and XMR!
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'Not True': Goldman Denies Bitcoin Trading Rumor - CoinDesk
The CEO of Goldman Sachs has denied a report from last year which said that the investment bank was moving to launch its own bitcoin trading desk.
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Grayscale Plans Five New Crypto Funds - Bloomberg
Grayscale Investments, which made it easier for mainstream investors to bet on Bitcoin, plans to offer four new single-currency crypto funds and another based on a basket of digital currencies by the start of April.
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More than 600 malicious apps after your bitcoin in popular app stores: RiskIQ | finder.com
Apple and Google Play users are among those at risk of downloading a malicious app.
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Can you trust ICO review sites? The Benebit ICO problem says no | finder.com.au
ICO review sites were left eating their positive words after a “legitimate” ICO disappeared with US$3 million.
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Weiss Ratings grades cryptocurrencies: Ethereum gets a B, Bitcoin a C+
Korean hackers tried to take down Weiss Ratings’ site overnight, the Palm Beach Gardens company reports Kyle’s note: Giving Bitcoin a C+ and Steem a B- means this cryptocurrency rating system has no credibility at all.
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Zogby Analytics - The Zogby Poll®: Cryptos (Bitcoin, Ethereum and Litecoin) still on the fringes of society; More people expect to invest in the next six months; Democrats more likely to purchase cryptos than republicans and independents
An overwhelming majority (82%) of respondents have not invested in one of the three major cryptocurrencies-Bitcoin, Ethereum and Litecoin.
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Coinsquare Crypto Exchange Eyes $120 Million IPO in Canada - Bloomberg
Coinsquare, one of Canada’s biggest digital currency exchanges, is targeting about C$150 million ($120 million) in an initial public offering in September to help finance an overseas expansion.
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BRIEF-Riot Blockchain Wins 500 Bitcoins In U.S. Marshals Service Auction | Reuters
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Bitcoin ETF Hype Meets Regulatory Reality in Race to Be First - Bloomberg
Canadian firms are vying to launch the world’s first Bitcoin exchange-traded fund but regulatory hurdles and structural problems are slowing things down, according to one fund’s chief executive officer.
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Hedge Funds Grow Wary of Cryptocurrency Mania - WSJ
Their caution is the latest sign of doubt among investors that the red-hot rise of bitcoin and its ilk is sustainable.
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Chicago HFT embarks on cryptocurrency hiring drive - Financial News
Sophisticated investors are split on whether or not to embrace the booming but volatile sector
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How To Lose Your Life's Savings w Cryptocurrency - YouTube
Carlos from bitconnect shares his expert bitcoin trading advice Get your WADDUP HILA KLEINER’S shirt…. http://h3h3shop.com Follow us on Twitch! http://twitc…
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Benevolent Bitcoin Stranger Donates Millions in Digital Currency to Chicago Family’s Charity
Plenty of people have serious doubts about Bitcoins–but Tuesday night a Chicago family became believers in the digital currency because of a head-spinning windfall that will help kids. Dick Johnson reports. (Published Tuesday, Jan 23, 2018)
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Around 4,000 Participants Attended North American Bitc... | News | Cointelegraph
Overstock CEO Patrick Bryne, BitInstant CEO Charlie Shrem, Jeffrey Tucker from American Institute for Economic Research discussed… | News | Cointelegraph
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UF’s Bitcoin club competed in a Miami hackathon. Here’s how they did. | News | alligator.org
After 26 hours coding an application related to virtual currency, the Gator Bitcoin Club placed 4th at the Miami Bitcoin Hackathon, winning .05 bitcoin on Sunday.
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Two PU Freshmen Start Cryptocurrency Investment Service | Town Topics
Two Princeton University freshmen are venturing into the uncharted frontier of cryptocurrency finance. As they weather finals week, Hunter Sporn and Kevin Zheng are also part of a small team hard at work on their startup, Everest Capital. Using algorithms to monitor multiple factors, including price data, consumer sentiment, and social media analytics, they hope to offer cryptocurrency investment forecasts, mitigating risk in a market with immense volatility.
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UT meme lords develop university-themed cryptocurrency | The Daily Texan
With the recent growth in popularity of cryptocurrencies, new coins pop up every day. Aside from popular coins such as Bitcoin and Ethereum, you can trade coins such as Dogecoin, Anti-Bitcoin, The Vegan Initiative and, soon, UT Coin.
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How China's cryptocurrency exchange ban affected BTCC - Business Insider
“It has a huge effect on revenues so as a company we have to pivot,” BTCC founder and CEO Bobby Lee told Business Insider.
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Bitcoin exchange BitFlyer saw $150 billion of volume in less than two months, launches in Europe - Business Insider
BitFlyer’s European COO disclosed the performance while discussing the launch of its European operations.
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Canada's VersaBank Unveils 'Digital Vault' Blockchain Service - CoinDesk
VersaBank, an all-digital bank based in Canada, is developing a “blockchain-based digital safety deposit box” as part of an effort to tap the tech for new services.
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Bitcoin and Ethereum exchange BitFlyer slams cryptocurrency ban plans | Metro News
It may prove impossible to clamp down on the booming crypto markets (Photo: Chesnot/Getty Images)
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Singapore’s first cryptocurrency dispute to go to trial - Lexology
There has been a significant increase in interest in, and the use of, cryptocurrencies in recent times. Cryptocurrencies are essentially…
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Dealing in bitcoin not a crime - Cryptocurrency operators | Business News 2018-01-24
Cryptocurrency operators have said transacting bitcoin business is not illegal in Ghana, but have cautioned the citizenry to understand how it works before they invest in it.
This comes on the heels of the Bank of Ghana’s caution to the public against the use of digital currency like bitcoin.
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No other bitcoin technical stories today.
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Affairs, 'dark web' scam in focus as Minnesota murder-for-hire trial begins | Fox News
Washington County opened its trial against Stephen Allwine Monday, a case with a plot stripped from the pages of a murder mystery—sex, lies, murder and a hit man for hire.
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U.S. CFTC charges My Big Coin Pay over virtual currency scam | Reuters
The U.S. derivatives watchdog on Wednesday said it has charged My Big Coin Pay Inc and two men over alleged fraud and misappropriation as part of an ongoing virtual currency scam, the latest in a string of recent actions against cryptocurrencies.
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Ethereum thieves targeting Android users with fake MyEtherWallet apps
Cryptocurrency scammers are now targeting Google Play with malicious copycats of MyEtherWallet, asking Ethereum users to reveal their private keys.
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Rapid Ransomware Continues Encrypting New Files as they Are Created
A new ransomware is being spread called Rapid Ransomware that stays active after initially encrypting a computer and encrypts any new files that are created. While this behavior is not unique to Rapid, it is not a common behavior we see too often.
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Chinese companies ‘increasingly falling victim to bitcoin, cryptocurrency fraud’ | South China Morning Post
Companies in China face higher risks of new scams as they adopt new technology and mobile payment methods, according to the annual fraud report of global risk management firm Kroll
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IOTA ($MIOTA) Analysis - Multicoin Capital
Note: Multicoin Capital will be hosting its first live conversation to discuss the findings of this report on Wednesday, January 24th at 11am US Central Time. If you’d like to attend live, please register here. For those unable to attend, please submit any questions to conversations@multicoin.capital. We will update this blog post with a download link for an audio recording of the conversation afterwards.
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MakerDAO and More: The Quest for a Stable Stablecoin Continues - CoinDesk
Usually, no one bats an eye when a cryptocurrency’s price drops 30 percent over the course of a week. This is the Wild West, after all. Kyle’s note: I think Abra makes stablecoins kind of useless. You can already hold the value of basically any fiat currency backed by bitcoin with the Abra app.
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Two More Companies Sign On to Test Ripple's XRP in xRapid Pilots - CoinDesk
Telecom provider IDT and international payments service group Mercury have announced that they will pilot Ripple’s xRapid for money transfers.
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Arsenal seals cryptocurrency sponsorship deal | Technology | The Guardian
First such deal by a major sporting team will see club promoting CashBet at the Emirates
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Ban risky investments like cryptocurrency derivatives: Dutch regulator | NL Times
The Dutch regulator on financial markets AFM wants to ban risky investments that are increasingly being marketed online, often from abroad.
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BitKan-South Korean Prime Minister Imposes Crypto Code of Conduct on Government Officials
BitKan provides the latest price for bitcoins and the mining difficulty charts and data. The bitkan app will keep you updated anytime anywhere.
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Korean Regulator Fines Crypto Exchanges for Privacy Failures - CoinDesk
The South Korea government has today issued fines totaling 141 million won ($130,000) to domestic cryptocurrency exchanges for providing insufficient user data protection.
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Elite banker wants strict cryptocurrency controls on Bitcoin trading | Metro News
Are the world’s most powerful people planning a crypto clampdown?
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EU Commissioner to Host 'High Level' Crypto Roundtable - CoinDesk
A European Union commissioner plans to hold a meeting of public and private sector stakeholders to discuss the impact of cryptocurrencies on central banks.
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Bitcoin Futures Get Cold Shoulder From Japanese Regulator - Bloomberg
Japan’s financial regulator is in no hurry to follow the U.S. and enable the listing of futures contracts linked to cryptocurrencies, according to a senior Financial Services Agency official with direct knowledge of the matter.
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Central Bank warns investors against Bitcoin :: Kenya - The Standard
If investing in Bitcoin is among your plans, Central Bank of Kenya (CBK) wants you to know you may lose all your money.
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No unconfirmed bitcoin stories today.
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