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August 17 · Issue #64 · 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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Nothing from me today. Will have stuff coming out next week (maybe one tomorrow).
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Seamlessly store, send, and receive ether with your Blockchain wallet
At Blockchain, we care deeply about building products users love. We’re constantly collecting user feedback and using it to help determine where we go next.
Today, we’re excited to announce that you can now seamlessly store, send, and receive ether from within the Blockchain wallet. By adding ether as a new currency, we’re providing users with a new diverse way to interact with the digital economy.
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THE RISE OF CYBERCRIME ON ETHEREUM
The first major cybercrime incident on Ethereum was in June 2016. A bug in “The DAO” smart contract was exploited and $74 million out of $150 million invested was drained by the attacker. This year, $1.6 billion has been invested in ICOs on ethereum but the cyber criminals have also generated more than $150 million in revenues. Meaning, 10% of Ethereum holdings marked for ICO investment lies in the hands of criminals. Chainalysis estimates that there have been approximately 30,000 victims of cybercrime on Ethereum losing on average $7,500 each.
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Bitcoin faces regulations crackdown by third Asia Pacific country
Australia joins China and Japan in trying to regulate digital currency exchanges.
The Australian government will regulate exchanges as part of a law to prevent money laundering and terrorism financing.
A bitcoin expert welcomes the move, saying it will encourage wider use of digital currencies.
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The Coinbase Insurance Problem - Bitcoin Investment Trust (OTCMKTS:GBTC) | Seeking Alpha
Are your Bitcoins more “safe” when you directly own through a major company such as Coinbase?
Surprisingly, although Coinbase has insurance, coverage is extremely limited and not much better than that of Xapo (which has zero insurance).
Safety, security, and basic Bitcoin insurance matters are discussed relative to Coinbase, Xapo and Grayscale Bitcoin Investment Trust.
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Jeff Garzik has been removed from the Bitcoin github repo. : Bitcoin
As Jeff himself advocated for several times, this is just the removal of people who haven’t been active in the project for years. No need to read too much into such things…
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How Blockstream Plans to Ignite New Energy Into Bitcoin - Bloomberg
Adam Back, Blockstream Corp.’s chief executive officer, discusses how the company plans to make Bitcoin more accessible via satellite signal. He speaks with Bloomberg’s Caroline Hyde on “Bloomberg Technology.”
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Bitcoin Cash Breaks Price Doldrums to Push Past $400 - CoinDesk
Bitcoin Cash’s price rose above the $400 mark today, breaking the rangebound market trend of the past several days.
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Photos: China has one of world’s largest bitcoin mines — Quartz
One of the world’s largest bitcoin mines is located in the SanShangLiang industrial park on the outskirts of the city of Ordos, in Inner Mongolia, an autonomous region that’s part of China. It’s 400 miles from China’s capital, Beijing, and 35 miles from the the city of Baotou. The mine is just off the highway, near the intersection of Latitutde 3rd Road and Longitude 3rd Road. It sits amidst abandoned, half-built factories—victims of an earlier coal mining boom that fizzled out, leaving Ordos and its outlying areas littered with the shells of unfinished buildings.
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Breadwallet secures $7 million USD in funding and establishes headquarters in Switzerland
Breadwallet, the popular decentralized iOS wallet and a venture funded startup, has today announced the close of a new funding round, bringing its total investment to $7 million USD. Coinciding with the round closure, the company has established its headquarters in Switzerland.
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Goldman's sketchy case to buy (and then sell) bitcoin
Attracting attention in parts of the web this week were headlines that captured the strange place on the fringes of modern banking where astrology, finance and computer games intersect. A Goldman Sachs analyst had predicted the price of bitcoin — currently above $4,000 — would surge in a frenzy of speculation, before going on to halve.
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Bitcoin bond launch brings digital currency step closer to 'high finance'
Fisco, a Japanese financial information company, announced this week a unit of the company has issued a bitcoin bond.
The bitcoin bond “brings digital currencies into the world of high finance,” said Dan Doney, chief executive officer of Securrency.
The development of bitcoin options, futures and now bonds could help the often volatile digital currency become a better-established asset class.
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Feds bust groups using 'dark web' sites AlphaBay | The Fresno Bee
A federal grand jury in Fresno indicted six people suspected of selling illegal drugs on the “dark web,” in which sales of drugs and contraband over the internet are meant to be untraceable by law enforcement.
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U.S. e-sports platform to launch $100 million cryptocurrency sale in September | Reuters
NEW YORK (Reuters) - Unikrn, a U.S. sports betting digital platform backed by some of the biggest names in media, entertainment and sports, will launch the sale of $100 million in cryptocurrency next month, the company’s co-founder and chief executive officer, Rahul Sood, told Reuters in an interview earlier this week.
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Decentralized Exchange Protocol 0x Raises $24 Million in ICO - CoinDesk
The team behind the decentralized exchange protocol 0x has raised $24 million in an initial coin offering (ICO).
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Bitcoin Bear Peter Schiff Doubles Down: Even at $4,000 It's Still a 'Bubble' - CoinDesk
The price of bitcoin continues to surge, defying critics to set a new all-time high of $4,500 today.
But even though bitcoin’s price has soared in recent weeks, there will always be bears who see the market through a profoundly darker lens. One of the best-known among the bears, investor Peter Schiff, is now making his case in even stronger terms for why bitcoin has advanced ever farther into bubble territory.
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Italian Authority Fines Onecoin Promoters 2.6 Million Euros - Bitcoin News
Onecoin promoters have been fined 2.6 million euros in Italy after the country’s antitrust authority found them engaging in a pyramid scheme and misleading promotions. The fines follow the authority’s previous suspensions of Onecoin activities, which have failed to stop its promotion in the country.
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