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January 12 · Issue #149 · 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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Kyle Torpey on Twitter: "This data point seems to indicate @coinbase is responsible for 50-60% of on-chain #Bitcoin transactions.
In the past @OneMorePeter has said… https://t.co/ZerldjfzbA"
Capacity on the network would be ~doubled if two companies implemented #SegWit.
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Kyle Torpey on Twitter: "I just checked and literally 0 people have ever asked @Forever21 to accept #Bitcoin via Twitter (not counting today when this tweet was sent… https://t.co/UHOTpalpTd"
I just checked and literally 0 people have ever asked @Forever21 to accept #Bitcoin via Twitter (not counting today when this tweet was sent). Mentioning Bitcoin is good social media marketing these days.
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Mnuchin Warns Against Bitcoin Becoming the Next ‘Swiss Bank Account’ - Bloomberg
U.S. Treasury Secretary Steven Mnuchin said he will work with the Group of 20 nations to prevent cryptocurrencies such as bitcoin from becoming the digital equivalent of an anonymous Swiss bank account.
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US Finance Regulators Form Crypto Working Group, Says Mnuchin - CoinDesk
U.S. Treasury Secretary Steven Mnuchin said on Friday that the Financial Stability Oversight Council, a government body that assesses financial system risks, has formed a working group focused on cryptocurrencies.
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Uproar over crackdown on cryptocurrencies divides South Korea | Reuters
With a tech-savvy population quick to adopt the latest gadgets and a young generation facing dim prospects in the conventional workplace, South Korea has been a fertile ground for virtual currencies.
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South Korea's Crypto Crackdown: Exchanges Won't Go Down Without A Fight
The South Korean government has not minced words about its intention to control the country’s cryptocurrency craze. Justice Minister Park Sang-ki on Thursday said the government is drafting legislation that would shutter all virtual currency exchanges in the country, but would a bill actually pass?
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Papa-Wassa Chiefy Nduom on Twitter: "Our group will hire one Bitcoin Core developer (must have BTC core github commits) full room and board in Ghana, so long as they agree to te… https://t.co/37fNKThIdi"
Our group will hire one Bitcoin Core developer (must have BTC core github commits) full room and board in Ghana, so long as they agree to teach C++ at Nduom University. Competitive salary (won’t need as much because cost of living is lower) & 2 paid tickets home per annum. DM!!
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Jonas Schnelli Wants You to Run a Bitcoin Full Node - CoinDesk
That’s the maximum load some personal laptops will store. It’s also roughly the amount of space the bitcoin blockchain currently requires.
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Chinese bitcoin miners eye sites in energy-rich Canada | Reuters
China’s Bitmain Technologies is eyeing bitcoin mining sites in Quebec, a company spokesman told Reuters, as expectations of a potential Chinese crackdown on cryptocurrency mining make the energy-rich Canadian province an attractive alternative.
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Vancouver-based Bitcoin firm raises $38m
A Vancouver-based Bitcoin company has unearthed $38 million in funding ahead of plans for a reverse takeover that will take it public. Hut 8 announced Thursday (January 11) it has closed a …
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My Joke Cryptocurrency Hit $2 Billion and Something Is Very Wrong - Motherboard
Dogecoin’s inventor looks to the past for insight into the future.
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Bitcoin investors struggle to cash out new fortunes
Bitcoin investors trying to channel their new fortunes into UK property are being turned away by mortgage lenders and brokers who fear breaching anti money-laundering regulations.
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Kraken Status - Now Down 40 Hours - System Upgrade
We are still working to track down an elusive bug which is holding up launch. This bug did not appear in our many weeks of testing and only emerged in the production environment. Unfortunately, it is not consistently reproducible and we cannot launch until this issue is resolved. To reiterate our earlier statement: stale (and possibly all) orders will be canceled, and liquidations will be paused before trading is resumed. We will be offering a substantial amount of free trading following resolution. All funds remain secure.
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If this post gets 10,000 upvotes, I will release the garlicoin official launch date today. : garlicoin
Kyle’s note: joke cryptocurrency GarliCoin on the frontpage of Reddit
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World's Top-Ranked Crypto Exchange Adds 240,000 Users in One Hour - Bloomberg
The world’s biggest cryptocurrency exchange keeps getting bigger.
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Bitcoin Fund's 91-for-1 Share Split Is Another Dot-Com Flashback - Bloomberg
Here’s one more way cryptocurrencies are mimicking the dot-com frenzy as they capture popular attention: massive stock splits.
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Green-Power Bitcoin Miner Weighs IPO and Pleads for Regulation - Bloomberg
An Austrian cryptocurrency miner that mints bitcoins with green energy is weighing an initial public offering to fund an expansion outside its home country.
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Putting "bitcoin" or "blockchain" in a company name is sometimes enough for a pop on the stock market — Quartz
Amid the cryptocurrency mania, several companies have launched initiatives to take advantage of the burgeoning assets, from retailer Overstock.com to photo group Kodak. Some much smaller firms have rebranded themselves completely, adding “bitcoin” or “blockchain” directly to their name. In some cases, the companies’ share prices soared in the US, Germany, and Hong Kong after this crypto-tweak….
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China's blockchain fever gets hotter even as regulator queries price surge | Reuters
China’s blockchain-related companies extended their bullish run on Friday, as punters brushed aside concerns raised by regulators about the rationality of stock price surges this week.
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Bitcoin Crackdown Has China Stocks Playing Down Crypto Links - Bloomberg
At least a dozen Chinese listed companies have issued statements this week playing down links to blockchain technology amid signs regulators are trying to limit the kind of speculative surges seen in other markets.
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KFC Canada Is Accepting Bitcoin for Fried Chicken - CoinDesk
Fried chicken chain KFC Canada is accepting bitcoin – for a limited time and for a cryptocurrency-themed bucket of chicken, that is.
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Student apartment dwellers mining Bitcoin with free electricity in Finland | Metropolitan.fi
Cryptocurrencies like Bitcoin bounced into mainstream during the latter half of 2017. All cryptocurrencies are based on algorithms that require computation known as “mining”, which consumes significant amounts electricity. Student apartments in Finland often include electricity, making the activity of mining a compelling opportunity for many.
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Don't trust, verify. – Adam Back – Applied Cryptographer, Inventor Hashcash, Comp Sci PhD Distributed Systems
With the launch of the blockstream bitcoin satellite service from Aug 2017
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Bitcoin + Lightning Wallet - Android Apps on Google Play
Testnet version of SPV Bitcoin wallet and a Lightning wallet on top of it
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Petition · Coinbase: Coinbase: Prioritize SegWit implementation on the Coinbase Bitcoin Wallet & GDAX Exchange. · Change.org
The Bitcoin community is overwhelmingly in support of Segregated Witness (“SegWit”), which is a backwards compatible protocol upgrade that provides protection from transaction malleability and increases block capacity on the Bitcoin network.
Kyle’s note: The petition is closing in on 10,000 signatures.
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Bitfinex - Bitfinex Reopens Registrations
The largest and most advanced cryptocurrencies exchange
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Former Customers Sue Crypto Exchange Vircurex Over Frozen Funds - CoinDesk
Four years after cryptocurrency exchange Vircurex lost its funds due to alleged hacks, the firm is being sued by its former customers.
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Luno Status - Bank deposits and withdrawals in Malaysia
The Internal Revenue Board (IRB) has temporarily frozen the bank account of BitX Malaysia (our local entity in Malaysia), pending an investigation relating to tax matters. As part of this, the IRB has requested that we provide them with information on all our Malaysian customers: identification, deposits/withdrawals, and transactions.
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A turning point in Bitwala's history - Bitwala Blog
Over the last 2 weeks, we’ve had the busiest time Bitwala has ever seen. Both our card and bank transfer services were suspended. We wanted to take this opportunity to explain how this impacts Bitwala and its plans.
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Convicted felon accused of firing gun inside downtown Milwaukee condo during Bitcoin argument | FOX6Now.com
MILWAUKEE – A Montana man is accused of firing a gun inside a downtown Milwaukee condo during an argument regarding a Bitcoin sale. Jonathan Royce, 28, of Billings, Montana faces one count of second degree recklessly endangering safety, use of a dangerous weapon.
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Teenager who tried to buy car bomb from dark web in attempt to kill his mum and dad is jailed - Birmingham Mail
Gurtej Randhawa of Grove Lane, Wightwick, Wolverhampton was arrested by officers from the National Crime Agency’s Armed Operations Unit in May 2017
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Ladson man pleads guilty to distributing fentanyl resulting in death | News | postandcourier.com
A Ladson man pleaded guilty Thursday to distributing the powerful opioid fentanyl, leading to the overdose death of one person.
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Wall Street skeptical of Kodak’s stock rally after crypto reveal | New York Post
Kodak stock is shaking like a Polaroid picture.
Wall Street gave Eastman Kodak some negative exposure on Thursday as investors bet that a huge two-day rally in…
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Blockchain in Your Pocket? The Phone Behind Sirin's $157 Million ICO - CoinDesk
Sirin Labs is betting it does. The startup, which recently raised $157 million in an initial coin offering (ICO), is building an Android smartphone from scratch with special features for cryptocurrency enthusiasts: an app store for distributed apps (dapps), cold storage for private keys and easy conversion between tokens.
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Who Wants to Be Bitcoin’s Watchdog? - Bloomberg
The U.S. Commodity Futures Trading Commission has raised its hand. Some think it’s going too fast.
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MPs call for Bitcoin probe over fraud fears | London Evening Standard
An inquiry into Bitcoin and other so-called cryptocurrencies could be launched by MPs because of concerns investors risk heavy losses and could be defrauded. Nicky Morgan, chairman of the Treasury Select Committee, said she would seek evidence from experts on the issue.
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Ukraine Forms Cryptocurrency Oversight Working Group - CoinDesk
Senior officials in Ukraine are forming a new working group on cryptocurrency regulation, the country’s government announced on Thursday.
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‘If you invest, the risk is on you’: Putin urges caution on cryptocurrencies — RT Business News
Russian President Vladimir Putin has weighed in on the bitcoin debate. Although there will eventually be a need to legislate cryptocurrencies, he said any risks taken by investors now are their own responsibility.
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Tennessee Might Also Recognize Blockchain Data Through Proposed Law - CoinDesk
A lawmaker in Tennessee has filed a new bill that recognizes blockchain signatures as legal electronic records, marking the latest legislative effort to do so in recent weeks.
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China's Internet Finance Association Warns on 'Initial Miner Offerings' - CoinDesk
The so-called “initial miner offerings” are said to have caught on since regulators in China banned back in September of last year, according to a new statement from the National Internet Finance Association of China (NIFA). The idea behind an initial miner offering is that mining hardware – used for the energy-intensive process by which new transactions are added to a blockchain – is sold and intended to process a particular cryptocurrency or token.
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Brazil investment funds forbidden from buying cryptocurrencies. : Bitcoin
The Brazilian Securities and Exchange Commission (CVM) has banned managers and fund managers in Brazil from investing in criptomoedas, such as bitcoin , litecoin and ethereum. The national market institution published an official letter on Friday regarding the restriction.
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Portuguese Bank Santander Totta Blocks Bitcoin-Related Transactions
Portuguese bank Santander Totta is reportedly blocking bitcoin-related transactions to and from cryptocurrency exchanges, and some clients already changed banks.
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Sold off $100k of BTC for a house.. Thanks to America and KYC I considered a terrorist/drug dealer/etc and cannot move my money. : Bitcoin
If you store money under your mattress and cannot prove that you did not get it through Illegal means here is a high chance they will steal it and you will never get it back..
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FYI, at least three major online advertisers have banned any Bitcoin content from their systems..... : Bitcoin
Could be a fourth by the end of this week. I have personally tried to use the Mailchimp and Constant Contact autoresponders to advertise Bitcoin…
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Singapore sounds cautious note on cryptocurrencies
“Why would the central bank want to do that?” he adds, furrowing his brow. “If there’s any sense of nervousness about the banks, you will have a bank run; everybody is going to go into the central bank [with their deposits] . . . And, if people placed their deposits with central banks, who’s going to extend credit?”
His conclusion? “In practical terms, I think, that’s a long way off . . . one of the last things you’d want to think about doing.”
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Coinmarketcap just remove reference of bitcoin twitter : Bitcoin
Great work. Add a new request to remove bitcoin.com
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