Cryptocurrency News With URL like thenextweb.com

Blockchain startups RepuX and JoyToken pull exit scam after raising $8M
TNW uses cookies to personalize content and ads to make our site easier for you to use. We do also share that information with third parties for advertising & analytics. Blockchain, cryptocurrencies, and insider stories by TNW. The latest scam to hit the blockchain Even thought it's 2019, initial coin offering (ICO) exit scams are still being uncovered. The latest to surface has seemingly conned over $8 million from would-be investors. It appears that blockchain startups RepuX and JoyToken have conned investors out of $4.7 million and $3.3 million, respectively. An investigation by Hard Fork revealed that their UK offices were dissolved earlier this week, as confirmed by Companies House, the registrar of UK-based companies.

This explains why it's near impossible to reorg the Bitcoin Blockchain. It just so happens that the entire network is incentivized against working in unison to bail out a single cryptocurrency exchange. For that, we can thank Satoshi.
The head of cryptocurrency exchange Binance responded to a 7,000 BTC ($40 million) hack with an outlandish idea: take over the entire Bitcoin blockchain and cancel the transactions. A major digital asset exchange openly colluding with cryptocurrency mining pools to reverse transactions would certainly be bad for PR. Google, Reddit, and Slack will be there. It would also critically undermine Bitcoin's primary value proposition: that it's transactions are effectively immutable and censorship-resistant. Binance CEO Changpang Zhao conceded this reality by announcing he's dropped the idea after consulting with advisors, among them Jihan Wu of the infamous cryptocurrency mining firm Bitmain.

Prolific sim-swapper gets 10 years for stealing $7.5M worth of Bitcoin
TNW uses cookies to personalize content and ads to make our site easier for you to use. We do also share that information with third parties for advertising & analytics. Blockchain, cryptocurrencies, and insider stories by TNW. Joel Ortiz was a prolific SIM swapper A 21-year-old man in the US, who is credited with being one of the first people in the country to be convicted of stealing cryptocurrency by hacking a victim's mobile phone, has been sentenced to 10 years in jail. Joel Ortiz, who stole over $7.5 million from at least 40 people, pleaded guilty without contest to 10 felony charges on January 24, 2019.

For the love of Satoshi, don't give your Bitcoin to rebuild Notre Dame
TNW uses cookies to personalize content and ads to make our site easier for you to use. We do also share that information with third parties for advertising & analytics. Blockchain, cryptocurrencies, and insider stories by TNW. It already has a billion dollars. Chill. A significant chunk of the famous Notre Dame cathedral burned down earlier this week, and now France's government is mulling whether to accept cryptocurrency to rebuild it'but please, for the love of Satoshi, keep your Bitcoin BTC. The world anxiously watched fire rip through Notre Dame's twelfth century framework on Monday afternoon. French minister for digital affairs Cedric O later said he's open to discussing ways to accept digital money donations, Bloomberg reports.

'Japanese Amazon' Rakuten may be getting into cryptocurrencies
TNW uses cookies to personalize content and ads to make our site easier for you to use. We do also share that information with third parties for advertising & analytics. Blockchain, cryptocurrencies, and insider stories by TNW. Your weekly dose of over-the-weekend cryptocurrency news is here With Bitcoin up 2.7 percent over the past week, the cryptocurrency market closed in the green this weekend. But is the trend here to stay or are the bears coming to leave investors bleeding yet again Let's take a look at the news and find out. Here are some of the hottest blockchain stories you might've missed over the weekend:

Anonymous Bitcoin miners are taking over the network
TNW uses cookies to personalize content and ads to make our site easier for you to use. We do also share that information with third parties for advertising & analytics. Blockchain, cryptocurrencies, and insider stories by TNW. It seems Bitmain's influence is on the decline The world's most popular cryptocurrency is a now a little bit more decentralized, thanks to the waning influence of Bitmain and the return of the anonymous Bitcoin BTC miner. Blockchain research unit Diar has published new data revealing exactly who has been validating the Bitcoin network. Analysts determined that mining pools either owned by or heavily tied to Bitmain (Antpool, BTC.com, and ViaBTC) are now validating far less Bitcoin blocks than this time last year.

HSBC leans on blockchain tech to process $250b worth of fx transactions
TNW uses cookies to personalize content and ads to make our site easier for you to use. We do also share that information with third parties for advertising & analytics. Blockchain, cryptocurrencies, and insider stories by TNW. Global bank HSBC has processed more than 3 million foreign exchange (fx) transactions using blockchain technology.  According to a report, the transactions, completed over the past year, were worth $250bn. If previous statements are anything to go by, HSBC likely used a permissioned (aka private) blockchain to carry out the transaction. Private blockchains are typically preferred by regulated financial entities such as HSBC because they provide a workaround the fact that the anonymity of participants is not acceptable in mainstream finance.

Just because you can earn cryptocurrency for squatting doesn't mean you should
TNW uses cookies to personalize content and ads to make our site easier for you to use. We do also share that information with third parties for advertising & analytics. Blockchain, cryptocurrencies, and insider stories by TNW. It's probably easier to just do the squats It's barely the middle of January and we've got our first why did they invent that cryptocurrency token project of the year, Squat for Crypto. Hearing the words squat for crypto, the first image that popped into my head was a bunch of hooded coders with pixelated faces doing their thing in illicitly acquired accommodation. That's usually the case, right As it tuns out, it's not that type of squatting.

Cryptocurrency analysts predict the end of the Bitcoin bear market
TNW uses cookies to personalize content and ads to make our site easier for you to use. We do also share that information with third parties for advertising & analytics. Blockchain, cryptocurrencies, and insider stories by TNW. 20% of Bitcoin's current supply might never move again Blockchain investigators have employed a neat method for analyzing Bitcoin BTC activity to determine at what point long-term holders typically yield and sell their Bitcoin. Delphi Digital, an independent research boutique specializing in the digital asset market, has studied Bitcoin transaction data and market prices, calculating that Bitcoin investors are (for the most part) done with their selling.

TNW Answers? best cryptocurrency and blockchain insights from 2018
TNW uses cookies to personalize content and ads to make our site easier for you to use. We do also share that information with third parties for advertising & analytics. Blockchain, cryptocurrencies, and insider stories by TNW. Decentralized experts have given us plenty of hot takes Blockchain is brand new technology. Not only is it mostly untested, but the implications and use-cases of distributed ledger technology still aren't fully realized, let alone understood. With our regular TNW Answers sessions, we've given leaders and disruptors of decentralized tech a platform to discuss and explore the bleeding-edge of the industry.

Read this if you?ve got ?nothing to hide?
TNW uses cookies to personalize content and ads to make our site easier for you to use. We do also share that information with third parties for advertising & analytics. by Boris Veldhuijzen van Zanten in Contributors Boris is the wise ol CEO of TNW who writes a weekly column on everything about being an entrepreneur from managing stress to embracing awkwardness. You can also get his musings straight to your inbox by signing up for his newsletter! If you're one of those people who think privacy isn't really an issue for you because you have nothing to hide, you should read this. Personally, I think the topic of privacy is interesting, but I'm generally annoyed with privacy advocates because they fail to appeal to people without using fear mongering. Many are extremists who will tell you not to use Google because Google is reading your email! or an iPhone because Apple is too dominant! These arguments just fall flat for people who like using those services. But there are four arguments that do make sense to me, and they're simple and easy to understand.

"Hard Fork - powered by Etoro" End of year crypto roundup: How did IOTA perform in 2018?
TNW uses cookies to personalize content and ads to make our site easier for you to use. We do also share that information with third parties for advertising & analytics. Blockchain, cryptocurrencies, and insider stories by TNW. At a time when cryptocurrency was synonymous with blockchain technology, IOTA proposed a modification. IOTA, as its name would suggest, aspired to be a cryptocurrency for the future of Internet of Things (IoT). But its founders thought that the blockchain had too sluggish transaction times and skyrocketing fees to be able to power the world of connected devices. Instead, they introduced a new distributed ledger technology based on Directed Acyclic Graph (DAG) and named it Tangle.

End of year crypto roundup: How did Bitcoin Cash perform in 2018? - The Next Web
TNW uses cookies to personalize content and ads to make our site easier for you to use. We do also share that information with third parties for advertising & analytics. Blockchain, cryptocurrencies, and insider stories by TNW. In August 2017, the controversy over Bitcoins scalability issues led to its blockchain being split for the first time in history, resulting in its first hard fork Bitcoin Cash BCH (BCH). Bitcoin Cash was a cryptocurrency with a purpose. Its proponents wanted a digital currency that would reduce high transaction fees associated with Bitcoin (BTC), making everyday use of cryptocurrencies viable. This was to be achieved by increasing the block size limits of Bitcoin's blockchain from 1 MB to 8 MB (later to 32 MB).

IOTA is dishing out shares of $220K bounty ? if you can crack its new hash function
TNW uses cookies to personalize content and ads to make our site easier for you to use. We do also share that information with third parties for advertising & analytics. Blockchain, cryptocurrencies, and insider stories by TNW. IOTA Foundation, the company wanting to be the cryptocurrency for the Internet-of-Things (IoT), has just launched a new hash function, and it's dishing out shares of a $220,000 (200,000 euro) bounty to anyone that can crack it. The new hash function, known as Troika, has been designed by cryptographers from cyber security firm, Cybercrypt. IOTA hopes the new hash function will lay the cryptographic and encryption groundwork for what will become the final IOTA protocol for encrypting its distibuted ledger.

End of year crypto roundup: How did Litecoin perform in 2018?
TNW uses cookies to personalize content and ads to make our site easier for you to use. We do also share that information with third parties for advertising & analytics. Blockchain, cryptocurrencies, and insider stories by TNW. Litecoin LTC (LTC) was created in 2011 as one of the earliest spin-offs of Bitcoin. Google employee Charlie Lee, its creator, promised what many others who followed him also do to improve Bitcoin's efficiency for everyday transactions. An average block in Litecoin's blockchain only takes 2.5 minutes to be processed, in comparison to Bitcoin's 10 minutes. Its developers claim that this helps make the transactions faster, although sometimes at the cost of reduced security.

Belgian cryptocurrency scam blacklist swells to 113 dodgy domains
TNW uses cookies to personalize content and ads to make our site easier for you to use. We do also share that information with third parties for advertising & analytics. Blockchain, cryptocurrencies, and insider stories by TNW. No holidays for Belgium's scam patrol just yet! The Belgian Financial Services and Markets Authority (FSMA) has identified a fresh batch of cryptocurrency scams. It has added a swathe of new sites to its blockchain blacklist, expanding it to 113 dodgy domains. In a special warning to local investors, FSMA declared it prudent for Belgians to keep a serving of moules-frites between themselves and the businesses behind the following 14 websites:

TNW Hard Fork 2018: "The Exchange" /w Dominik Schiener, Kavita Gupta (Consensys), and Yoni Assia (eToro)
TNW's exclusive venue at CitizenM Tower of London CloudM (7th floor), only for business pass holders. At The Exchange, decision makers come together to form new partnerships and expand their network. You'll have the opportunity to join our roundtable discussions and listen to big industry names. Together, we'll answer the unanswered questions of the industry and discuss the future of blockchain. Featured speakers include Dominik Schiener (Co-Founder of IOTA), Kavita Gupta (Founding Managing Partner of Consensys), and Yoni Assia (CEO of eToro). Our speakers will delve into topics such as regulation, mass adoption, and sustainability.

Scaling blockchain: Sidechains explained in plain English
TNW uses cookies to personalize content and ads to make our site easier for you to use. We do also share that information with third parties for advertising & analytics. Blockchain, cryptocurrencies, and insider stories by TNW. Welcome to Hard Fork Basics, a collection of tips, tricks, guides, and advice to keep you up to date in the cryptocurrency and blockchain world. Blockchains are actually quite limited in their scope. There are challenges of scalability and speed which make it challenging for some applications of the technology to work well. Even so, the blockchain might be desirable to use for its immutability, security, and transparency. But for it to be used, its challenges need to be overcome. One emerging technology that is trying to make the blockchain more efficient and scalable is sidechains.

Kik now lets you tip users with cryptocurrency
TNW uses cookies to personalize content and ads to make our site easier for you to use. We do also share that information with third parties for advertising & analytics. Blockchain, cryptocurrencies, and insider stories by TNW. Unfortunately, the maximum amount is 500 KIN or less than 2¢ Kik is getting ready to roll out its Kin cryptocurrency to its mobile messenger in a big way. The company has announced a new tipping feature, powered by the Kin Blockchain. Starting today, Kik users will be able to send cryptocurrency tips to moderators and admins. For now, the feature will be exclusively available to group chats, but Kik plans to open it up to all users in the near future.

Ethereum?s price briefly collapsed from $100 to $13 on Coinbase Pro
TNW uses cookies to personalize content and ads to make our site easier for you to use. We do also share that information with third parties for advertising & analytics. Blockchain, cryptocurrencies, and insider stories by TNW. What a wild cryptocurrency anomaly Another day, another mad cryptocurrency anomaly. For a brief moment, the price of Ethereum ETH on Coinbase Pro (formerly known as GDAX) collapsed from almost $100 down to a measly $13. The incident took place at around 6 AM UTC. Since then, the price of Ethereum the third largest cryptocurrency by market cap after Bitcoin and Ripple has bounced back to an average trading rate of about $97.

Titles not entered by Crypto.BI are Copyright(©) their original authors.