Bitcoin News (BTC) - Page 81

Luas Website Hacker Demands a Bitcoin Ransom
Bitcoin often gets a very bad reputation because of its association with criminal activity. While no one can deny criminals have shown a clear bias toward cryptocurrencies, there is much more to Bitcoin than just that. Even so, a recent cyber attack affected the Luas website shows hackers aren?t done with making Bitcoin ransom demands just yet. Every time a website is hacked and/or information is stolen in the process, there is a genuine chance Bitcoin will play a role of importance sooner or later. In most cases, the culprit simply demands a Bitcoin ransom to leave systems or data alone. In other instances, the stolen information is sold on the darknet in exchange for Bitcoin or potentially other cryptocurrencies.
January 10, 2019 12:12 PM

Decentralized Platform Qtum Introduces Bitcoin Atomic Swaps to Its Mainnets
by Cryptocurrency News Daily | Jan 10, 2019 | Cryptocurrency News | 0 comments Blockchain platform Qtum is introducing Bitcoin (BTC) atomic swaps to its mainnet infrastructure, according to a press release shared with Cointelegraph Jan. 9. Atomic swaps are a technology that enables the exchange of one cryptocurrency for another without the need for a trusted third party or centralized exchange infrastructure. The implementation of Qtum-to-BTC atomic swaps has been achieved with the use of the Hash Time-Locked Contracts (HTLCs) technology and is based on the code of the open-source cryptocurrency Decred. HTLC ? according to Qtum?s announcement ? are the most secure way of implementing the swaps.

Summary of day 7 of Tour de Satoshi: Bitcoin is on a winning streak
The tour from Bregenz to Riedlingen was memorable. But not in a good way! the pain of having frozen feet all day is now on the top of the list of things I will remember from this tour. But let me start from the beginning. The weather forecast had predicted light snow throughout the day which was something I knew I could do. However, as I started riding out of Bregenz, I already caught a glimpse of it coming, the first snowstorm out of four. Although the storms come in short waves, they are very strong and consume a lot of power to ride through. Therefore, the four snowstorms rattled me quite intensely. The rest of the day agreed with the forecast and it snowed continuously.
January 10, 2019 12:05 PM

Dark Overlord Group: Keep the Bitcoin flowing, We ll Keep the Truth Flowing
-Bitcoin news, price, information & analysis The Dark Overlord hacker group who last week grabbed headlines when it announced it was prepared to share 9/11 secrets in exchange for Bitcoin has released a second cache of information. The self-proclaimed ?financially motivated? cyber criminals have also stated that they will continue to release more ?layers? of information as they receive money from the public. Following the leak of the first group of documents from Dark Overlord, social media accounts associated with the hackers were shut down. Surprisingly, given the cryptocurrency community?s penchant for censorship resistance, one of these was blockchain-based social media application Steemit.
January 10, 2019 12:02 PM

Bitcoin Latest Update: How Experts Think Bitcoin (BTC) Will Fare This Year - BTC News Today - BTC/USD Price Today
Cryptocurrencies generally experienced soaring prices over the last year. In 2017, Bitcoin (BTC), the father of all digital currencies by market cap, rose to as high as $19,000 to record a new all-time high. However, the price of the digital asset collapsed to as low as $4000 in 2018 and has continued to plunge further down as of press time today. Bitcoin (BTC) has increasingly slumped in price alongside other digital currencies in the previous year, which ultimately gives a picture of an unattractive start for the crypto market in the New Year. Bitcoin (BTC) Price Today ? BTC / USD Let?s see what experts have predicted for Bitcoin (BTC) below:
January 10, 2019 11:51 AM

Japan May Regulate Unregistered Crypto Investments - BitcoinNews
The Financial Service Agency (FSA) of Japan is reportedly looking to crack down on unregistered crypto investment firms and bring them under the Financial Instruments and Exchange Act. Tentative dates for the aforementioned action have not been announced yet. It stems from a legal loophole which allows unregistered investment firms to collect funds in cryptocurrencies rather than cash, an oversight the FSA is keen to rectify. The issue became a highlight due to the increased number of crypto pyramid schemes being unearthed in Japan. Tokyo Police in November arrested eight men over the charges of collecting of JPY 7.8 billion (USD 69 million) in cryptocurrency using such schemes. A major chunk of the funds collected was in Bitcoin, whereas only JPY 500 million (USD 4.4 million) was collected in the form of cash. Officials claimed that the scam would not have come to their notice had the culprits only used cryptocurrency.
January 10, 2019 11:46 AM

'Almost Lost My Business': Bitcoin Entrepreneurs Detail Banking Struggles
For the average entrepreneur, verifying that your financial institution hasn?t closed your startup?s bank accounts probably isn?t part of your daily routine. However, if you?re an entrepreneur that runs a bitcoin startup, checking up constantly on one?s banking relationships is just part of the job. That became apparent this week thanks to a Twitter thread started by Anthony Pompliano, a partner a cryptocurrency-focused hedge fund Morgan Creek Digital, who simply asked his followers to recount the worst experience they had ever had with a bank. What is the worst experience you have ever had with a bank?
January 10, 2019 11:33 AM

Metadata subtree for Bitcoin
Software typically involves people The block header of Bitcoin has a couple of flaws; some of them being in the way of highly desirable innovations such as UTXO commitments. Unfortunately, fixing those flaws isn?t an easy task because most ?easy? solutions end up not only breaking backward compatibility with most of the software ecosystem, but also end up bricking most mining devices. Hence, those ?easy? solutions aren?t exactly on the table. Yet, a simple solution is needed, because complexity is the enemy of both security and scalability in a project like Bitcoin. Below, an angle that Bitcoin ABC folks and myself put together.
January 10, 2019 11:17 AM

Japanese Regulators Deny Having Interest in Bitcoin ETF | BTC Wires
Catch up with all the buzz in the world of crypto with BTC Wires. Here, we bring all the breaking stories, feature announcements, public statements and multinational plans of well-known industry investors. Explore more about how and where Blockchain Technology is making headlines! Away from the cryptocurrency, BTC Wires has got something for you out of this world of fascinating fancies and ideas. Let your queries be sorted out by some brilliant minds of Blockchain Ecosystem! BTC Wires has this syndicated interview column that has up-close and personal interviews of some of the game changers in the world of cryptocurrency. Know what they have in their sack for you.
January 10, 2019 10:41 AM

Understanding all types of alternative cryptocurrencies
About a decade ago the king of cryptocurrency Bitcoin introduced the blockchain technology to the world. The sole purpose of this new digital currency was to revolutionize the financial industry and create a decentralized digital payment system. However, the core technology behind Bitcoin was capable to transform our lives and offer real solutions to other issues that existed beyond the world of finance. Hence, over time, the adoption of blockchain technology increased and sparked the creation of alternative cryptocurrencies. In this article, you will learn about the fundamentals of alternative cryptocurrencies and what are four major types of altcoins. I will explain why current cryptocurrency market has an early investment opportunity. Then I will provide a market value examples across different markets.
January 10, 2019 10:32 AM

Bitcoin Price Analysis: BTC/USD Short-Term Wedge Formation
Bitcoin has recovered from its intraday slide as it tested the bottom of a newly-forming rising wedge pattern on its 1-hour time frame. This bounce could take it back to the top of the wedge around the $4,300 mark or even on a break higher. If that happens, Bitcoin could climb by the same height as the chart formation, which spans $3,700 to $4,300. The 100 SMA is above the longer-term 200 SMA to confirm that the path of least resistance is to the upside or that the climb is more likely to resume than to reverse. Then again, the gap between the moving averages is narrowing to suggest that bullish momentum might slow. For now, the price is able to find support at the 200 SMA dynamic inflection point and could continue to push higher from here.
January 10, 2019 9:22 AM

Bitcoin Latest Update: What Does Bitcoin (BTC) Need Right Now BTC News Today- BTC/USD Price Today
After several months of stability in a period were Bitcoin (BTC) managed to trade in a narrow band, the digital asset price suddenly dipped. It began last year from a $6,500 high to a $3,500 (all time) low at the end of the first week of November. This fall occurred in just two weeks. In an era where everyone thought we were starting to enter a whole new period for Bitcoin (BTC) and other cryptocurrencies, we have fallen back to the days of the virtual token rollercoaster. At some point in a 24-hour period, the Bitcoin (BTC) price managed to stay within the $3,448 and $4,101 levels. Bitcoin (BTC) Price Today ? BTC / USD
January 10, 2019 9:15 AM

Winklevoss Twins Predict Bitcoin's Market Cap to Surpass Gold, Over $7 Trillion
Early cryptocurrency supporters, former Olympic competitors, and founders of the cryptocurrency exchange Gemini, Cameron and Tyler Winklevoss took to the popular content aggregation platform Reddit to conduct an AMA. An ?AMA? on Reddit, stands for ?Ask Me Anything? and gives notable individuals, or in this case, twins, a soapbox to answer the burning questions the Reddit community may have. In the AMA, the Winklevoss twins touched on some personal subjects, but overall kept the discussion focused on the cryptocurrency sector. In the Reddit thread dedicated to the Q&A session, Cameron and Tyler Winklevoss reasserted their commitment to pursing a Bitcoin ETF, and made some comments about the future of Bitcoin. Tyler noted that the twins believe that ?bitcoin is better at being gold than gold? itself, and will eventually surpass gold?s market cap of $7 trillion.
January 10, 2019 8:39 AM

Nick Szabo: Central Banks May Turn to Cryptocurrency Reserves Over Gold
At the Israel Bitcoin Summit at Tel Aviv University on Jan. 8, veteran cryptographer Nick Szabo explained that the use of censorship-resistant cryptocurrencies will rise in countries sanctioned from trade and economies suffering from failed monetary planning. Szabo also argued that the world?s central banks might turn to cryptocurrency reserves in the future in order to supplement national gold reserves. Also Read: Nonprofit Eatbch Shows How Every Little Microtransaction Helps Cryptographer Nick Szabo is an interesting character and a well known figure in the cryptocurrency community. Long before Satoshi Nakamoto introduced Bitcoin, Szabo designed the Bitgold concept back in 1998. Two years before that, Szabo?s writings forecasted the use of smart contract technology and autonomous organizations. On Jan. 8, Szabo spoke at the Israel Bitcoin Summit at Tel Aviv University and gave the crowd a history lesson on the use of currencies worldwide. During the talk, Szabo explained to attendees that he believes countries blacklisted from trade and regions dealing with hyperinflation will turn to digital assets. Over the last two years, cryptocurrencies like BTC and BCH have been gaining traction in areas like Venezuela, Zimbabwe, and Iran.
January 10, 2019 7:25 AM

Bitcoin Culture Wars: What Doesnt Kill You Only Makes you Stronger - CryptoMeNow
There seems to be considerable confusion around Bitcoin?s governance model. In this article, I?m attempting to shine a light on Bitcoin?s informal governance which is often called a ?culture war.? We?ll explore ?in-fighting? in the Bitcoin community, lessons learned from failed forks, and highlight a few rarely discussed benefits of Bitcoin?s informal governance including minimizing the attack surface, refining the core message, and lowering the user acquisition cost. One way to describe Bitcoin is a group of people who loosely organize around a shared system. Users coalesce around the rules of the game which are then automated by code in the Bitcoin protocol. Generally agreed upon rules of the system include fixed monetary policy (21m supply cap), censorship-resistant transactions, and ease of verification.
January 10, 2019 6:50 AM

Bitcoin latest: Is THIS the one thing putting investors OFF cryptocurrency | City & Business | Finance
Experts believe the one thing holding people back from embracing cryptocurrency is the complicated nature of the technology. With more easy-to-understand knowledge about how things like bitcoin work, the leading figures claim mass adoption could come quickly throughout the UK. Mati Greenspan, senior market analyst with eToro, said: ?Now that awareness has peaked, the number one barrier to entry is education. ?People now know what bitcoin is but they need to understand the advantages and more importantly how to use it.? According to Mr Greenspan and many of his peers, the key to success for crypto and blockchain ? the underlying technology behind digital currencies like bitcoin ? throughout 2019 will be ?education, education, education?.
January 10, 2019 6:46 AM

January 9th Market Update: Selling Volume and Short Positions Decline as Bitcoin's Price Maintains Above $4,000
Bitcoin?s bulls have presently been able to defend the $4,000 price level for the past several days, leading to a bout of sideways trading. Despite this, new data shows that Bitcoin?s short positions and selling volume are gradually decreasing, which could mean that bears are losing their ground. In a recent market update, Mati Greenspan, the senior market analyst at eToro, spoke about the declining selling pressure behind Bitcoin, further noting that the overall cryptocurrency markets are currently consolidating after surging this past weekend. ?The crypto markets are consolidating gains at the moment and it seems that once again prices have stabilized. Bitcoin is holding steady at $4020 as of this writing. One thing we wanted to highlight is a little graph?that shows the short selling volume on the bitfinex crypto exchange. The red line is Bitcoin's price. The blue line is the level of short selling, which has dropped nearly 30% since its peak on January 1st,? Greenspan explained.
January 10, 2019 6:38 AM

Bitcoin price predictions 2019: Can Bitcoin see the old good $20,000 days in 2019 - Bitcoin Price today | Smartereum
Bitcoin, the first largest cryptocurrency, has had it rough since it reached its peak at $19,500. After the 2017 December to 2018 January frenzy ended, everyone was expecting BTC to recover. Unfortunately, it didn?t recover and things only got worse. Right now, BTC is hovering above $4,000 and there is no saying when another bear grip will take the price below this level. As expected, some experts have given their opinion about the current bear market and most of them don?t think it?s going to end soon. While BTC may find stability short-term, it?s going to take a lot of long-term effort for it to get to its all-time high of almost $20,000.
January 10, 2019 6:35 AM

Fund Providers Insist There's Enough Market Liquidity for a Bitcoin ETF
For years, bitcoin exchange traded funds (ETFs) have been struggling to get off the ground and receive approval from the U.S. Securities and Exchange Commission (SEC). Passive fund providers are now arguing there is sufficient market liquidity for a bitcoin ETF to be launched in 2019.  Also read: SEC Wants Second Look at Nine Bitcoin ETFs ETFs are becoming a large part of the investment landscape. Research firm ETFGI predicts that in 2020, ETFs and ETPs listed in Europe will reach $1.1 trillion. Morgan Stanley forecasts global ETF assets to top $9 trillion by 2022. As interest in these products grows, regulators have been addressing structural vulnerabilities. Research conducted by broker and asset manager Charles Schwab shows the millennial generation is increasingly choosing to invest in ETFs accessed by apps. It could be a game-changer when ? or if ? the SEC approves a bitcoin ETF
January 10, 2019 5:25 AM

Bitcoin Cash Blockchain | BTC Wires
Catch up with all the buzz in the world of crypto with BTC Wires. Here, we bring all the breaking stories, feature announcements, public statements and multinational plans of well-known industry investors. Explore more about how and where Blockchain Technology is making headlines! Away from the cryptocurrency, BTC Wires has got something for you out of this world of fascinating fancies and ideas. Let your queries be sorted out by some brilliant minds of Blockchain Ecosystem! BTC Wires has this syndicated interview column that has up-close and personal interviews of some of the game changers in the world of cryptocurrency. Know what they have in their sack for you.
January 10, 2019 5:09 AM

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