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February 8 · Issue #166 · 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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Toledo man arrested, $4.7M in Bitcoin seized in large-scale fake ID case - The Blade
A multi-year investigation into the production of fake ID cards culminated this week with the seizure of $4.7 million in Bitcoin and the arrest of a Toledo man believed to be one of the most prolific manufacturers of fake IDs in the country.
Kyle’s note: This illustrates bitcoin’s intrinsic value, censorship-resistant value storage. This guy was perhaps not speculating on the bitcoin price.
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Anarchist cryptocurrency hacker Amir Taaki says bitcoin is in a speculative bubble — Quartz
Amir Taaki is notorious in the bitcoin world for his radical political beliefs and technical skills—which is saying something in a culture that has spawned a cast of infamous characters, like the cryptocurrency magnate “Bitcoin Jesus” or the rapper CoinDaddy. Taaki, 29, an influential bitcoin voice and programmer since 2010, could have become a crypto-millionaire…
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Bush Security Advisor Warns Against Blockchain Cold War - CoinDesk
The man who helped invent the financial embargoes that cut off terrorist funding after 9/11 is concerned that cryptocurrencies could be used to undermine his creations.
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IRS Cops Are Scouring Crypto Accounts to Build Tax Evasion Cases - Bloomberg
The U.S. Internal Revenue Service, fresh off its success in uncovering U.S. assets hidden in Swiss banks, has assigned elite criminal agents to investigate whether Bitcoin and other cryptocurrencies are being used to cheat the taxman.
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UpBit guarantees Tether will be 1:1 USD even if there's a future USDT problem. : BitcoinMarkets
Kyle’s note: This is interesting because it is an exchange guaranteeing Tether’s 1 to 1 USD peg.
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Wells Fargo strategist: Bitcoin and the market are correlated
The market and bitcoin are correlated, says analyst. Both took a hit earlier this week and now begin to recover.
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How An Alleged Cryptocurrency Scam Put A Texas Car Show In Peril
For years, the Texas Relays Car Show and Donk Contest in Austin brought a passionate but sometimes misunderstood car culture into the spotlight around one of Texas’ biggest track and field events. But this year, the show’s fate is uncertain after its organizer apparently invested funds in what turned out to be a scam cryptocurrency platform—and then went missing.
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The end is in sight, right?
Top spot, bafflingly, goes to Chris Larsen, a co-founder of Ripple, at $7.5bn to $8bn. The bafflement comes because the idea there is anyone who would pay Mr Larsen $8bn for his Ripple hoard deserves a raspberry.
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The Crypto Candidate for Congress - Bloomberg
Political newbie Brian Forde has dazzled marquee crypto investors, who hope he can be the Washington friend they desperately need.
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Binance, one of the worldâs largest crypto exchanges, has suspended trading â but says it wasnât hacked | Markets Insider
Binance, one of the busiest cryptocurrency exchanges, has been down since Wednesday evening.
The Hong Kong company says it wasn’t hacked, and that …
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Portfolio View + No Fees for the Next 2 Weeks - Abra
new Abra app design + no fees on all deposits and currency exchanges!
Kyle’s note: This is a continuation of the cryptocurrency pivot to cryptoasset.
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Dem congressman pushes to keep white supremacists away from cryptocurrency | TheHill
After being driven off other platforms, many white supremacists have turned to cryptocurrencies to solicit and store funds.
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BitPesa acquires TransferZero [Video]
BitPesa acquires TransferZero, which will continue to operate under the same name and remain in Madrid. The deal boosts BitPesa’s influence across Europe.
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Brokerage App Robinhood Thinks Bitcoin Belongs in Your Retirement Plan - Bloomberg
The free trading platform has convinced millions of millennials to swap stocks. Can it get them to HODL?
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Bitcoin: Goldman Sachs spotted a way to make money trading futures - Business Insider
The analysts noted prices for shorter-dated Bitcoin futures on the CME exchange are cheaper than longer-date contracts.
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Blockchain name-grabbing has echoes of dotcom bubble | Reuters
If you want a quick boost to your company’s share price, adding “blockchain” to your name will work – at least for a while.
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Winklevoss twins: Bitcoin will be worth 40 times current value
Brother Tyler Winklevoss hit back at bitcoin critics, saying that any criticism is a ‘failure of the imagination.’
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How Rich You Could Have Been With Hindsight Financial - CONAN : Bitcoin
reddit: the front page of the internet
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Dutch cryptocurrency investors tripled in six months | NL Times
The number of Dutch investing in cryptocurrencies like Bitcoin or Ethereum more than tripled to around 580 thousand over the past six months, according to a study by Kantar TNS. “I can’t remember ever seeing anything like this”, researcher Reg van Steen said, RTL Nieuws reports. In August 2017 a total of 135 thousand Dutch households owned cryptocurrency. Now it is 490 thousand. In some households, more than one person invest in cryptocurrency, bringing the researchers to a total of around 580 thousand Dutch who own cryptocurrency.
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Shower yourself with Bitcoin | The Outline
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MGMT's new song: "Me and Michael" contains Bitcoin animation! : Bitcoin
reddit: the front page of the internet
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Bitfinexed is a sensationalist, a liar, a fraud, and an opportunist
I am swapman, co-admin of Whalepool. We are a free and open crypto trading community that was started by full-time traders years ago. Whalepool consists of 23,000 Telegram members, 800 Teamspeak…
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Crypto's Price Correction Isn't Killing the Industry High - CoinDesk
“You should buy crypto in amounts you’re not worried about, and sell it whenever you start thinking about it once a day.”
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Full Segwit & Transaction Batching on Bitpanda – Bitpanda
Our engineers have been working hard on keeping costs as low as possible for our customers and are now proud to announce the rollout of full SegWit support and transaction batching, which will…
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Improving identity verification on Coinbase – The Coinbase Blog
Coinbase has experienced significant growth over the last few months. As a result, many customers have had a poor experience with identity verification, payments and customer support. This is…
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New version of the Bulletproofs paper is online: https://crypto.stanford.edu/bulletproofs/ . Greatly expanded the evaluation section. BPs are now implemented in libsecp256k1. Amazing work by Andrew Poelstra and @pwuille . Batch verifying 16 aggregate range proofs=16 ECDSA signatures (It's fast) : Bitcoin
reddit: the front page of the internet
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So How Do I Really Do An Atomic Swap – Hacker Noon
Crypto, Crypto, Crypto ,this is what most talk about nowadays , the demise of crypto, the revolution of crypto, but in the post we are not going to talk about it but rather do it , use it . I will…
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Another block at 2MB+ : Bitcoin
reddit: the front page of the internet
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Ransomware gets easier for would-be crooks as developers offer malware-as-a-service | ZDNet
A new ransomware-as-service scheme offers tools and tutorials for getting started with GandCrab, in return for a cut of the profits – and a promise not to attack Russia.
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Porn Sites Are Doing the Most Cryptocurrency Mining - Motherboard
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Criminals Are Ditching Bitcoin for Litecoin and Dash, Study Says - Bloomberg
It may seem like everyone from Grandma to Goldman Sachs Group Inc. has piled into Bitcoin in the past year, but there’s at least one group that’s looking for a way out: Criminals.
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John McAfee has a new business: writing white papers for crappy ICOs
Antivirus pioneer John McAfee is taking on a new venture: producing white papers for cryptocurrency and blockchain developers without “the time or talent.”
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Banning cryptocurrency would be as sensible as banning the internet | TheHill
This is our “ban the internet” moment, so let’s choose our path wisely.
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New York Mandates Stronger Fraud Controls for Crypto Companies - CoinDesk
The New York State Department of Financial Services (NYDFS) is pushing for companies that offer cryptocurrency services in the state to beef up their protective measures against fraud and market manipulation.
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Arizona might allow people to pay taxes via bitcoin | Fox News
Digital currency can be used to pay for flights, furniture, music and even pizza. Now, pretty soon in Arizona, you may be able to use bitcoin to pay your taxes.
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Coin Center's Van Valkenburgh on Regulating Cryptocurrencies – Bloomberg
Peter Van Valkenburgh, Coin Center’s director of research, discusses the regulation of cryptocurrencies with Bloomberg’s Julia Chatterley, Joe Weisenthal and Scarlet Fu on “What’d You Miss?” (Source: Bloomberg)
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Japanese Regulators to Increase Crypto Exchange Inspections - CoinDesk
Japan’s financial watchdog is reportedly planning to conduct more on-site inspections of domestic cryptocurrency exchanges.
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Connecticut Lawmaker Pitches Crypto Transaction Fee in New Bill - CoinDesk
Proposed Bill 5001, submitted by Representative Patricia Dillon, proposes “that the general statutes be amended to establish a fee to transfer or trade virtual currency in this state.” However, the text of the proposal does not go into detail on the amount or type of fee it seeks to levy on cryptocurrency transactions, or what such a fee’s benefits might be.
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US Lawmaker Wants Members of Congress to Disclose Crypto Assets - CoinDesk
A bitcoin-friendly U.S. lawmaker is hoping to get members of Congress to disclose their holdings of cryptocurrency assets.
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Self-managed super funds warned over cryptocurrency lure - ABC News (Australian Broadcasting Corporation)
There are calls for tighter regulatory controls of the superannuation industry, with reports more and more self-managed super funds are turning to volatile cryptocurrencies.
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Full Tilt Capital's Pompliano Says Crypto Regulators Deserve More Credit – Bloomberg
Anthony Pompliano of Full Tilt Capital is putting 25 million into cryptocurrency start ups. He speaks on the future of cryptocurrencies with Haidi Lun and Betty Liu on “Bloomberg Daybreak Australia.” (Source: Bloomberg)
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ECB Wakes Up to Bitcoin as Virtual World Touches Reality - Bloomberg
The European Central Bank has woken up to the risks digital currencies can pose to policy makers’ bread-and-butter business: the economy.
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Cryptocurrency Tops EU Watchdog's 2018 Agenda - CoinDesk
The European Union’s top securities watchdog has indicated that cryptocurrencies will be one of its top priorities in 2018.
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Crypto Should Try Self-Regulation, CFTC Commissioner Says - CoinDesk
Whether that’s a good or bad thing is a matter of opinion. But even for those wary of government oversight, it’s perhaps a less unpleasant thought in light of the previous day's hearing before the U.S. Senate Banking Committee, where the chairmen of the SEC and the CFTC expressed a generally open attitude toward crypto.
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UPDATE 1-Qatar central bank warns against trading in bitcoin | Reuters
Qatar’s central bank has warnedfinancial institutions in the country not to trade in bitcoin orother cryptocurrencies, according to financial sources and acircular seen by Reuters.
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Can any developers please share input on this? Us non-devs see something like this and immediately fear potential for 51% attack. Please reassure my feeble mind :) : Monero
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