This week s Bitcoin crash was all about fraud and regulation - The Verge clock menu more-arrow no yes Verge3.0_Logomark_Color_1 This week s Bitcoin crash was all about fraud and regulation - The Verge clock menu more-arrow no yes Verge3.0_Logomark_Color_1
Cryptocurrencies have had a rough week: the value of bitcoin plunged to a mere 50 percent of its 2017 peak, and other currencies, such as Ethereum, Ripple, and Litecoin have seen double-digit losses compared to their heights from last year. Tuesday also witnessed the collapse of BitConnect, an anonymously operated crypto exchange that had been repeatedly accused of running a Ponzi scheme via its proprietary BCC currency. Taken together, these events may simply act as another reminder of the volatility of the cryptocurrency market, which saw bitcoin rise to a peak of $19,783 on December 17th. Bitcoin has gone through multiple crashes before: in spring 2011, in November 2013, and in January 2017. However, this current bubble comes against a new backdrop: a global tide of regulation against the inchoate cryptocurrency industry. On one hand, these regulations may be scaring bitcoin investors into selling their coins now before the full impact of regulation makes itself felt. On the other, it may also be threatening suspect exchanges such as BitConnect, with its own token declining in value by 46 percent between December 17th and January 15th the day before it announced its closure. This information was retrieved by us on 2019-01-16 14:48:31. Share this content on social media: Related crypto assets include ION, XVG, TCN, BTC, ARK. You may want to visit www.theverge.com for more from this source. Leave a Comment

Here s what happened to the cryptocurrencies that celebrities vouched for - The Verge clock menu more-arrow no yes Verge3.0_Logomark_Color_1 Here s what happened to the cryptocurrencies that celebrities vouched for - The Verge clock menu more-arrow no yes Verge3.0_Logomark_Color_1
We're a full year and a half into cryptocurrency mania, and while the craze has calmed down, celebrities and companies alike are still coming out with partnerships with initial coin offerings and digital coins. Some celebrities have even made it their sole mission on tour, social media, and in panel discussions to promote digital coins. Over the last year, dozens of celebrities have come out in support of cryptocurrency, whether it be their own coins or companies who have reached out to them. In fact, the trend of celebrities promoting cryptocurrency has gone so far that the US Securities and Exchange Commission created a fake ICO complete with its own set of celebrity endorsements. If you click buy on the page, it brings you to a lecture from the SEC, warning you, a celebrity endorsement does not mean that an investment is legitimate or that it is appropriate for all investors. This post was found by us on 2019-01-16 14:23:01. Share this content on social media: Mentioned assets XVG, ARK. Visit www.theverge.com for additional posts. Leave a Comment

50 Cent admits in bankruptcy document that he never actually owned any bitcoin - The Verge clock menu more-arrow no yes Verge3.0_Logomark_Color_1 50 Cent admits in bankruptcy document that he never actually owned any bitcoin - The Verge clock menu more-arrow no yes Verge3.0_Logomark_Color_1
50 Cent admitted that he did not, in fact, make $8 million in bitcoin by accepting the cryptocurrency as a form of payment for his album Animal Ambition back in 2014. In a Friday court document obtained by The Blast, the rapper admits that he has never owned bitcoin, and only went along with the initial report from TMZ because so long as a press story is not irreparably damaging to my image or brand, I usually do not feel the need to publicly deny the reporting. He added, This is particularly true when I feel the press report in question is favorable to my image or brand. It did make 50 Cent initially look like a baller when, at the height of bitcoin's value, he appeared to be $8 million deep in cryptocurrency. But, to prove that he is bankrupt, he ultimately had to reveal that he does not own any bitcoin. It's unclear whether 50 Cent is lying to bankruptcy court or earlier on social media. His reps did not immediately respond to comment. This posting was first found by us on 2019-01-16 13:34:55. Share this content on social media: You may be interested in these cryptocurrencies : XVG, TCN, CHX, BTC, ARK. Browse www.theverge.com for more. Leave a Comment

50 Cent accidentally made $8 million in bitcoin - The Verge clock menu more-arrow no yes Verge3.0_Logomark_Color_1 50 Cent accidentally made $8 million in bitcoin - The Verge clock menu more-arrow no yes Verge3.0_Logomark_Color_1
In 2014, rapper 50 Cent let people buy his album Animal Ambition using bitcoin. He then let his account lie unused for years, and only just recently discovered that he's now a bitcoin millionaire, as first reported by TMZ. At the time, a single bitcoin was worth only $662, and the rapper's fans could pick up the album for a fraction of that. In total, he pulled in over $400,000. Since then, the value of bitcoin has soared: the price of the cryptocurrency rose as high as $17,000 earlier this month, only to drop under $10,000 in recent weeks. (At the time of writing, bitcoin is now worth a little more than $11,000.) After sitting untouched in his account for years, 50 Cent's earnings are now worth $7 million to $8.5 million, based on the current fluctuating bitcoin valuation. This post was retrieved by us on 2019-01-16 13:34:49. Share this content on social media: Mentioned assets ION, XVG, DENT, TCN, BTC, ARK. See www.theverge.com to find more similar content. Leave a Comment

Watch John Oliver explain Bitcoin using $15,000 Beanie Babies and rap videos - The Verge clock menu more-arrow no yes Verge3.0_Logomark_Color_1 Watch John Oliver explain Bitcoin using $15,000 Beanie Babies and rap videos - The Verge clock menu more-arrow no yes Verge3.0_Logomark_Color_1
John Oliver is known for his eloquent explanations of complex topics like net neutrality. Now, he's turning his attention to the internet's favorite topic of the moment: Bitcoin. It's everything you don't understand about money combined with everything you don't understand about computers, quips Oliver, correctly. The 25-minute video uses $15,000 Beanie Babies, an interview with a man using chicken McNuggets as a metaphor for blockchain, a video of Brock Pierce (The Mighty Ducks child actor turned crypto-entrepreneur) talking about his unicorn wedding at Burning Man, and a HODLGANG rap music video to explain the phenomenon. (Hodl is a slang term used in the Bitcoin community meaning hold on to the cryptocurrency and not sell.) This data was found by us on 2019-01-16 13:24:09. Share this content on social media: You may be interested in these cryptocurrencies : XVG, TCN, OLE, BTC, EOS, ARK. You may want to visit www.theverge.com for more similar content. Leave a Comment

Kodak announces its own cryptocurrency and watches stock price skyrocket - The Verge clock menu more-arrow no yes Verge3.0_Logomark_Color_1 Kodak announces its own cryptocurrency and watches stock price skyrocket - The Verge clock menu more-arrow no yes Verge3.0_Logomark_Color_1
There's a growing list of companies that have added language about blockchain or cryptocurrency into their names and mission statements, and it makes sense. Companies that do so see their stocks rise in value afterward. The latest company to jump on this trend is, unexpectedly, Kodak, which just launched its own KodakCoin, a cryptocurrency for photographers. As soon as the news was announced, Kodak's stock (KODK) jumped up, and as of this writing, its stock price is $5.02, a 60 percent gain. KodakCoins will work as tokens inside the new blockchain-powered KodakOne rights management platform. The platform will supposedly create a digital ledger of rights ownership that photographers can use to register and license new and old work. Both the platform and cryptocurrency are supposed to empower photographers and agencies to take greater control in image rights management, according to the press release. The digital currency is meant to create a new economy for photographers to receive payment and sell work on a secure platform. This piece was found by us on 2019-01-16 12:54:48. Share this content on social media: Mentioned assets XVG, RKT, CHX, ARK. See www.theverge.com for complete listings from this source. Leave a Comment

 Blockchain  is meaningless - The Verge clock menu more-arrow no yes Blockchain is meaningless - The Verge clock menu more-arrow no yes
Bitcoin, Ethereum, and other cryptocurrencies have entered the mainstream discourse, but they've also been joined by a concept that is widely circulated, but poorly understood: the blockchain or just blockchain. The idea of a blockchain, the cryptographically enhanced digital ledger that underpins Bitcoin and most cryptocurrencies, is now being used to describe everything from a system for inter-bank transactions to a new supply chain database for Walmart. The term has become so widespread that it's quickly losing meaning. What is a blockchain The word is a buzzword that is increasingly ill-defined, David Gerard, author of Attack of the 50 Foot Blockchain: Bitcoin, Blockchain, Ethereum & Smart Contracts, said in an email. This post was obtained by us on 2019-01-16 12:13:08. Share this content on social media: Related crypto assets include XVG. You may want to visit www.theverge.com for additional posts. Leave a Comment

These tiny Bluetooth chips that will run off of electricity pulled from the air. Perfect for future IOTA hardware These tiny Bluetooth chips that will run off of electricity pulled from the air. Perfect for future IOTA hardware
The Internet of Things promises to connect billions of otherwise ordinary devices to the internet, but when each one needs to have its own battery, there's a limit to how small or cheap they can become. A new paper-thin Bluetooth chip that's able to operate entirely without a battery could be about to solve this problem. The postage stamp-sized chip from Wiliot is able to harvest energy from the ambient radio frequencies around us, such as Wi-Fi, Bluetooth, and cellular signals, and use them to power a Bluetooth-equipped ARM processor that can be connected to a variety of sensors. Wiliot says that the size of the Bluetooth chip, combined with the lack of any battery, means it can be produced cheaply and mounted on almost anything. The company gives several potential use cases for the technology. For example, it could be embedded in consumer products to provide easy access to a digital manual when the original paper version is long lost, or it could be put on a clothing label and used to communicate the optimal settings to a washing machine. This share was first found by us on 2019-01-15 17:26:55. Share this content on social media: You may be interested in these cryptocurrencies : MIOTA, CHIPS. You may want to visit www.theverge.com for more similar content. Leave a Comment

Bitcoin drops 50 percent from its peak value as it falls below $10,000 - The Verge clock menu more-arrow no yes Verge3.0_Logomark_Color_1 Bitcoin drops 50 percent from its peak value as it falls below $10,000 - The Verge clock menu more-arrow no yes Verge3.0_Logomark_Color_1
Bitcoin dropped below $10,000 today, and it's now worth just over half of its peak value. The cryptocurrency opened at $11,348, according to CoinDesk, and dropped over $1,600 to hit a low of $9,685, though it's since recovered slightly and is currently trading at $9,702. Other cryptocurrencies like Ethereum, Ripple, Bitcoin Cash, Cardano, and Litecoin have also posted deep losses of between 30 to 40 percent, according to data from CoinMarketCap. Bitcoin had a stellar year in 2017, starting at around $800 and steadily gaining value, before touching an all-time high of $19,783 on December 17th. The cryptocurrencys price was buoyed as more and more investors poured money into the hype, with some even reportedly taking out mortgages for funds to invest. While there's no immediate reason for today's dip, bitcoin has been falling over the past week. Investor sentiment may have also been hit after Bitconnect, a platform for virtual currencies, announced it's shutting down its exchange platform because of bad press, two cease and desist letters, and DDoS attacks. Bitconnect has also been accused of being a Ponzi scheme. This post was found by us on 2019-01-08 23:23:37. Share this content on social media: Related crypto assets include BTC, TCN, XVG, ARK. Check out www.theverge.com for complete listings from this source. Leave a Comment

South Korean millennials are reeling from the Bitcoin bust - The Verge clock menu more-arrow no yes South Korean millennials are reeling from the Bitcoin bust - The Verge clock menu more-arrow no yes
For months, Seoul resident Ye-won Oh monitored cryptocurrency markets voraciously, refreshing her phone practically every minute of every day. In early 2017, she invested $40,000 in Ethereum, which has become wildly popular in South Korea. Like many young Koreans living through Korea's difficult economy, she came to see her investment as the only way out. The 20-something has an impressive resume: a senior role at a flourishing startup, a college degree from overseas, and work experience at some of Korea's most enviable firms. But she and her husband can't afford housing in a city where the average deposit for an apartment rental is more than $400,000. People like us, people just starting our careers and college students, it's really hard for us because there's no way to build up a stable life, Oh says. This article was retrieved by us on 2019-01-08 22:52:45. Share this content on social media: Related assets may include BTC, TCN, XVG, KORE. Browse www.theverge.com to find more similar content. Leave a Comment

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