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February 13 · Issue #169 · 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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Coinbase Product Update — February 13, 2018 – The Coinbase Blog
Thanks for all the feedback last week. Every comment and response helps us better understand where we can improve. Here is this week’s product update. A common piece of feedback from customers is… Kyle’s note: Bitcoin Cash vs Bitcoin causing so much confusion that Coinbase can’t even get it right in their blog post.
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[bitcoin-dev] Possible change to the MIT license
Kyle’s note: I don’t think this is a good idea. I’ll write on this topic soon. Adding this because it’s related to the BitcoinCash/Bcash confusion at Coinbase.
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ShapeShift Refers to Bitcoin as "Bitcoin Core"
The recent announcement of ShapeShift integration into the (link: http://Bitcoin.com) Bitcoin.com wallet had a mistake. It is not “Bitcoin Cash and Bitcoin Core.” It is Bitcoin Cash and Bitcoin. I apologize this comms mistake happened, we’re correcting everywhere.
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Salon: in-depth news, politics, business, technology & culture
Award-winning news and culture, features breaking news, in-depth reporting and criticism on politics, business, entertainment and technology. Kyle’s note: This is hilarious because Salon is a liberal/progressive site and they’re supporting a very capitalist, free-market technology in Monero. Also this doesn’t seem like it will be a viable alternative to ads.
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No Demand for Crypto Payments, JPMorgan's WePay Says - Bloomberg
Don’t expect more payments companies to start offering access to Bitcoin unless you ask for it. Kyle’s note: As I wrote recently for Forbes, the demand is in speculating on cryptoassets, not using cryptocurrencies for payments.
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Why it's too early for a bitcoin exchange-traded fund, according to Nasdaq CEO
Adena Freidman discusses the viability of a bitcoin ETF.
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Few Americans reporting cryptocurrency trading to IRS for now: report | Reuters
Less than 100 people out of the 250,000 individuals who have already filed federal taxes this year through company Credit Karma reported a cryptocurrency transaction to U.S. tax authorities, the company said on Tuesday.
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Europol Worries About Billions in Bitcoin Money Laundering, but What About 'Regulated' Banks? - Bitsonline
Criminals are laundering “billions” using bitcoin and other cryptocurrencies, according to E.U. law enforcement agency Europol. Although director Rob Wainwright used the statistics to call for more industry and regulatory action to combat it, some commentators noted the amount is small compared to that laundered
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Bitcoin Industry Grapples With Age-Old Problem of Inheritance - Bloomberg
A U.S. man has spent years trying to untangle the legal mess he found himself in after his 26-year-old son, an early miner of Bitcoins, died in a plane crash
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Andreas Antonopoulos on Segwit Adoption among Businesses ie. Coinbase : Bitcoin
reddit: the front page of the internet
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No bitcoin price and Wall Street stories from today.
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CryptoPerreo: A story of Bitcoin in Mexico - Crypto Insider - Bitcoin News
From animated lambos and dancing bikini clad aliens, to Vicente Fox and tie-wearing entrepreneurs looking to go head to head with big banks, Mexico’s fintech revolution isn’t getting the attention that it deserves
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The Bitcoin Evangelists Selling ‘Millennial Gold’
At the largest bitcoin convention in New York City, where an attendee asked for a discount on tickets that went to charity, everything is perfect, and nothing can ever go wrong.
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“Bitcoin” just topped the list of fastest-growing freelance skills in
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Bitcoin Mania Triggers Miner Influx to Rural Washington - WSJ
Washington state has some of the cheapest power in the U.S. making it a magnet for bitcoin miners, who generate new units of cryptocurrencies—a process that requires vast amounts of electricity.
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NY Man Has Trouble Getting Cryptocurrency Refund - NBC New York
A Rockland County man tried to get a $30,000 refund for cryptocurrency from Coinbase. But when he had trouble, he called Lynda Baquero and the Better Get Baquero team.
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Coincheck Users Pull $373 Million In First Chance Since Heist - Bloomberg
Coincheck Inc. users withdrew 40.1 billion yen ($373 million) from the cryptocurrency exchange on Tuesday, the first day customers were allowed to pull out in the wake of the cyber-theft of about $500 million last month.
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Cryptocurrency traders to launch lawsuit against Coincheck on Thursday - lawyer | Reuters
A group of cryptocurrency traders will file a lawsuit against Coincheck Inc on Thursday over last month’s theft of $530 million (£382 million) in digital money from the Tokyo-based exchange, a lawyer representing the claimants said.
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“It's Impossible to Refund the Stolen Amount”: Intervi... | News | Cointelegraph
Exclusive interview with Francesco Firano, whose crypto exchange BitGrail lost hosted tokens last week, worth about $187 mln at th… | News | Cointelegraph
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Forbes Fintech 50 2018: The Future Of Blockchain And Cryptocurrency
The nine blockchain startups on the Forbes Fintech 50 list for 2018 are building infrastructure—to support both public cryptocurrency markets and initiatives that could transform how current financial transactions are executed and recorded.
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11 blocks discovered in just 22 minutes. What's up with that? : Bitcoin
reddit: the front page of the internet
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Antoine Le Calvez on Twitter: "The UTXO set size has been decreasing for 25 straight days thanks to low fees. That's 300MB less to store for each full node. Source: https://t.co/6aM0yOGeFH… https://t.co/x5FEopWyMy"
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Kaspersky Says Telegram Flaw Used for Cryptocurrency Mining - Bloomberg
Hackers have been able to exploit a vulnerability in the Telegram messaging app’s desktop client to earn units of cryptocurrencies such as Monero and ZCash, according to Kaspersky Lab.
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JavaScript Cryptomining Scripts Discovered in 19 Google Play Apps
There doesn’t appear to be an end in sight for the cryptojacking scourge affecting all facets of the web right now.
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Raleigh man pleads guilty to making, selling anxiety drugs on 'dark web' :: WRAL.com
A Raleigh man has pleaded guilty to making and selling Xanax pills on encrypted websites.
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Drive-by cryptomining campaign targets millions of Android users - Malwarebytes Labs | Malwarebytes Labs
Android users have been exposed to drive-by cryptomining in one of the largest campaigns that we have detected so far.
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A pretty cool academic paper on the prevalence and social function/utility of freebies on darknet markets.
reddit: the front page of the internet
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Company behind Xaurum (gold tether) claims to have 129kg gold reserves, which is worth around $5.5 million. Xaurum market cap is $16.5 million. : Buttcoin
reddit: the front page of the internet
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Live Free or DAICO – Preston Byrne
If you want to lose your liberty in a hurry, there’s no better way to do it than a DAICO. What’s a “DAICO,” I hear you ask? Well, it’s a new kind of automatic, Ethereum-based investment scheme that allegedly combines “the best aspects of DAOs” - “distributed autonomous organizations,” a long-winded neologism for “software that…
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Petition Calls for SEC to Allow for ICO Remediation - CoinDesk
The Securities and Exchange Commission (SEC) should give past initial coin offering (ICO) organizers the chance to seek remediation in light of possible violations, according to a petition filed with the agency last month.
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Chinese Boy Band Ensnared By Fan ICO Controversy - CoinDesk
Self-proclaimed fans of a popular Chinese boy band have built an initial coin offering (ICO) around their idols, though controversy has emerged over the project’s legitimacy.
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Adoption of New York Model?: S. Korea Considers Introduction of an Approval System to Open Cryptocurrency Exchange | BusinessKorea
The South Korean government is positively considering an introduction of cryptocurrency exchange approval system. It has changed its stance over regulations on digital currency exchanges from completely shutting down the exchanges to safely managing them. However, it is highly likely to make a final decision on the issue after holding local elections in June.
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Aadhaar for Bitcoin: Bitcoin exchanges plan to maintain user database
The purchase data of buyers and sellers of the virtual currency can then be traced through either the Aadhaar ID or the PAN of the user.
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Maybe the Government Won’t Screw Up Bitcoin After All - Reason.com
Regulators seem to recognize the need for restraint.
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CFTC Tech Advisors to Talk Crypto, Blockchain This Week - CoinDesk
Blockchain technologies and cryptocurrencies will be front and center at the Commodity Futures Trading Commission’s (CFTC) Technology Advisory Committee meeting Wednesday.
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ECB's Draghi says not his job to regulate Bitcoin | Reuters
It is not the European Central Bank’s job to regulate Bitcoin, its President Mario Draghi said on Tuesday, while warning the public about the risks associated with the volatile cryptocurrency.
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'Crypto-cleansing:' strategies to fight digital currency money laundering and sanctions evasion | Reuters
By Joshua FruthNEW YORK (Thomson Reuters Regulatory Intelligence) - Digital currency technologies generated widespread public and investor interest in 2017, with new cryptocurrency products capable of streamlining and decentralizing global commerce. Unfortunately, these technologies also create new money laundering tools that allow countries like Iran, North Korea, and Russia to evade international sanctions. This is especially true of so-called “privacy coins,” which offer personal anonymity and covert transactions to their users.
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BOJ Kuroda says cryptocurrency won't threaten yen, largely speculative | Reuters
Bank of Japan Governor Haruhiko Kuroda said on Tuesday cryptocurrencies likely won’t threaten legal tenders like the yen any time soon as they are mostly used for speculative trading, rather than as payments and settlement means.
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