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February 15 · Issue #171 · 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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Austrian Bitcoin ‘Scam’ Triggers Police Search Across Europe - Bloomberg
Austrian authorities are asking Interpol to help track down suspects in an alleged Bitcoin scam that blew up last year and may have hit at least hundreds, maybe thousands of investors in the country and abroad.
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Group Makes $50 Million by Phishing Bitcoin Users Using Google AdWords
A Ukrainian cybercrime operation has made an estimated $50 million by using Google AdWords to lure users on Bitcoin phishing sites.
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Bitcoin Hits $10,000 in Accelerating Recovery From Plunge - Bloomberg
Bitcoin looks to be proving the naysayers wrong once again.
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A Mysterious New Steam Game Promises a Bitcoin to the First Person Who Beats It - Motherboard
At Bitcoin’s current value, someone could win $9,800 for beating ‘Montecrypto: The Bitcoin Enigma.’
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Morgan Rockwell on Twitter: "On Friday Feb 9, I was arrested in my home by Department Of Homeland Security over a #Bitcoin transaction from nov 2016 and am released under a personal recognizance bond. I am being charged with 18 USC 1956 - Money Laundering Instrument"
Kyle’s note: The law might come after you if you’re trading too much on LocalBitcoins in an unregulated manner.
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Binance CEO Zhao ChengPeng confirms he works with Bitfinex and his trustworthy Binance insiders have seen the Tether bank accounts and calls Anti-Tether rumors FUD. : Bitcoin
reddit: the front page of the internet
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Ethereum Developer Resigns as Code Editor Citing Legal Concerns - CoinDesk
Ethereum developer Yoichi Hirai has resigned as one of the platform’s code editors, citing concerns that a contentious proposal may be in violation of penal law.
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Coinbase admits it accidentally overcharged tons of cryptocurrency buyers
Following complaints from users, Coinbase confirmed it accidentally charged tons of cryptocurrency buyers multiple times for the same purchase.
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Bitcoin Isn't the Only Crypto Adding Lightning Tech Now - CoinDesk
Originally designed for use on bitcoin, the world’s largest cryptocurrency by market size was also the first to implement the concept, touted as a way to make transactions faster and cheaper by moving them to a layer above the blockchain. But with scalability emerging as a pressing issue across the industry, developers of other cryptocurrencies aren’t letting the once-novel idea go to waste.
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Bitcoin, cryptocurrencies still aren't used much as currencies - CNET
Cryptocurrencies so far haven’t lived up to their promise as digital cash for buying goods and services. Whether that happens someday is anyone’s guess.
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Dollar Cost Averaging Bitcoin and Integrating Cryptocurrencies Into Your Investment Portfolio
If you’re just starting out in the cryptocurrency world you could be more comfortable wading into it than diving headfirst. One of the most popular investing strategies, championed by Warren Buffet’s mentor, Benjamin Graham, is to accumulate and invest in volatile assets by buying a fixed amount on a set schedule, otherwise known as dollar cost averaging.
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Not as rich as you think…
People assume that the people who worked on Bitcoin in the early years are fabulously wealthy. That’s a bad assumption, for lots of reasons: It was easy to lose coins. They weren’t worth much, so people didn’t bother to take the time to keep them… | Gavin Andresen | Bitcoin developer. All-around geek.
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🔑Supporting Let's Encrypt, 🐶pet rescue, 🏞river protection. And how we hilariously thwarted a scammer. 😄 : Bitcoin
Hello bitcoiners! I hope the recent rally has been making you happy. I’m here to share probably the second last Pineapple Fund update, and…
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Bitcoin Price Estimate - Monthly -- Trefis
Kyle’s note: Someone made a website for estimating the future bitcoin price based a combination of the total number of users and those users’ activity, which is what @fundstrat has talked about using as part of his method for valuation.
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Bitcoin Uber-Bull Tom Lee Predicts a New Record High for July - Bloomberg
Bitcoin may be well off its mid-December peak of $19,511, but it will be touching new highs again by July, according to Fundstrat Global Advisors LLC’s Tom Lee.
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George Soros' fund buys stock of cryptocurrency play Overstock.com
Soros Fund Management held 2,472,188 shares in Overstock at the end of the fourth quarter of 2017, making it the third-largest shareholder.
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Bitcoin bottoms, keeping Thanksgiving investors in the black
Bitcoin’s initial bottom looks to be around $6,000, where it was trading around the Thanksgiving investment surge, according to Bespoke Investment Group.
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Number of crypto hedge funds soars amid bitcoin volatility | Reuters
The number of hedge funds focused on trading cryptocurrencies more than doubled in the four months to Feb. 15, despite sharp falls in the value of the virtual coins in recent weeks, data from fintech research house Autonomous NEXT showed on Thursday.
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ASU professor believes new bill will accelerate cryptocurrency's acceptance | ASU Now: Access, Excellence, Impact
Stepping further into the digital realm, Arizona lawmakers have passed a bill through the state Senate to make cryptocurrencies such as Bitcoin and Dash an acceptable form of tax payment. ASU Now turned to Dragan Boscovic, an Arizona State University computer science professor and director of the Blockchain Research Lab, to discuss what this means for residents and the future of cryptocurrency.
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Digital Currency Media Outlet Based In Nashville - NewsChannel 5 Nashville
If you find yourself confused by cryptocurrency, there’s a media company for that, and they’re based right here in Nashville.
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Bitcoin Grows in Popularity in Sacramento | FOX40
SACRAMENTO – It’s a Tuesday evening at C&B Liquor on Broadway in Sacramento, and the ATM is busy – the Bitcoin ATM. People use it to trade real money for the cryptocurrency, a form of money that exists only in computer code. Bitcoin is the most prominent.
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Cryptocurrencies like Bitcoin are the shiny, tempting and incredibly risky money of the future - WCPO Cincinnati, OH
The golden rule: Don’t spend more money on cryptocurrency than you’re prepared to lose.
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Hydro-Quebec considers special rates for Bitcoin miners as demand surges
Hydro-Quebec may consider raising its rates for energy-hogging cryptocurrency miners who are rushing to establish themselves in the province.
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Edge Wallet is Live! – Edge
After over a year of intense development and over three months in a limited release beta, our highly anticipated multi-asset wallet is now available for all to use! Users all around the world have…
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Coinbase Commerce — the Easiest Way for Merchants to Accept Digital Currency
We’re excited to announce Coinbase Commerce, available today for merchants around the world. Merchants everywhere can use Coinbase Commerce to accept Bitcoin, Bitcoin Cash, Ethereum and Litecoin…
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UK Formally Accuses Russian Military of NotPetya Ransomware Outbreak
The UK has become the first major Western country to formally accuse the Russian military of orchestrating and launching the NotPetya ransomware outbreak.
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Surprise visit: Police warn alleged darknet drug buyers | The Sacramento Bee
Dutch and American police and federal agents have paid unannounced visited visits to dozens of people they say bought drugs via a darknet site that Dutch police took over last year.
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TrickBot's Cryptocurrency Hunger: Targeting Exchange Users to Steal Coins
TrickBot is getting in on the cryptocurrency gold rush, expanding its operations to target digital wallets and exchanges using serverside injections and other malicious tactics.
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Gaming pioneer Atari the latest company to join cryptocurrency craze
Atari has become the latest company to pivot to cryptocurrency, launching a digital coin in a bid to revive the gaming pioneer’s fortunes.
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This NASCAR Team Apparently Got Paid For Sponsorship With A Cryptocurrency That’s Only Existed For A Day
A team in the second-tier NASCAR Xfinity Series has a new sponsor this season, and it announced Wednesday that the payment was done in cryptocurrency—cryptocurrency that’s only existed for a day, apparently. What could possibly go wrong, yeah?
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Crypto-artwork of a rose sells for record $1 million - Feb. 14, 2018
A digital photo of a red rose sold for $1 million worth of cryptocurrency to a group of 10 collectors on Valentine’s Day. Kyle’s note: This seems very dumb to me.
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Cryptocurrency Tax Evasion, Other Illicit Activity Frequent, Says CFTC Chair Giancarlo
Tax evasion and other illicit activities are going on to a great extent in cryprocurrencies, CFTC Chair Christopher Giancarlo told a Senate Agriculture Committee meeting today. The members sometimes seemed on edge talking about Bitcoin and their ilk.
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CFTC Joins SEC In Warning Against Crypto Pump-and-Dumps - CoinDesk
The Commodity Futures Trading Commission (CFTC) on Thursday issued a warning about cryptocurrency pump-and-dump schemes.
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Ron Paul: Bitcoin vs. The Fed : Bitcoin
reddit: the front page of the internet
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