CryptoCoins News, 1/1/0001 12:00 AM PST James Howells, a 32-year-old IT specialist who recently switched to a full-time cryptocurrency investor, told New York Post that he had lost more than $60 million in bitcoin in 2009 and was never able to retrieve it. 7,500 BTC In 2009, the debut year of BTC during which the price of BTC was below $1 The post How a Cryptocurrency Investor Lost $60 Million in Bitcoin and Never Got it Back appeared first on CCN |
CryptoCoins News, 1/1/0001 12:00 AM PST Make sure you check out last weeks post here, now let’s go over what happened in crypto this week. I’d also like to wish everyone a (belated) Happy Bitcoin Pizza Day! Price Watch: Bitcoin is down 13% this week after dropping roughly 1% last week. The price declined steadily this week as the whole cryptocurrency market sheds … Continued The post ICO Scams, Antsy Enterprises and Massive Hacks: This Week in Crypto appeared first on CCN |
Bitcoin Magazine, 1/1/0001 12:00 AM PST Cryptocurrencies and exchanges were the focus this week. Coinbase is getting into the decentralized exchange business with its acquisition of Paradex, potentially opening up thousands of ERC-20 tokens to traders, depending on what the SEC ends up doing with regulations. The parent company of the New York Stock Exchange, Intercontinental Exchange, continues work to implement a system to allow large investors to trade bitcoin directly. And Germany’s Deutsche Boerse is looking at getting into the cryptocurrency game. Finally, the city of Memphis had its first blockchain conference, which included keynotes from FedEx and a hackathon for various market segments that included some great prizes. Featured stories by Amy Castor, David Hollerith and Nick Marinoff Stay on top of the best stories in the bitcoin, blockchain and cryptocurrency industry. Subscribe to our newsletter here. Coinbase Takes Another Step Toward Trading ICO Tokens by AcquiringCryptocurrency exchange Coinbase just made an enormous play by acquiring decentralized relayer Paradex this week. Paradex bills itself as a decentralized exchange (DEX), meaning no third party is involved in holding the funds. Instead, users can use the platform to trade ERC20 tokens directly wallet to wallet. Paradex is built on top of the 0x (pronounced “zero x”) protocol. Right now, Coinbase trades four coins: bitcoin (BTC), bitcoin cash (BCH), ether (ETH) and litecoin (LTC). Adding ERC20 tokens could significantly boost the number of digital assets it carries. Due to the ICO boom that has taken place over the last few years, thousands of different ICO tokens are now available. German Stock Exchange Eyes Bitcoin and CryptocurrenciesFrankfurt Stock Exchange parent company, Deutsche Boerse AG, appears to have begun work on technology that will allow them to offer their clients bitcoin and cryptocurrency-related products. Speaking at an industry event in London on May 23, 2018, Jeffrey Tessler, head of clients, products and core markets for Deutsche Boerse, said they are considering offering cryptocurrency products: "We are deep at work with it." The Old New Thing: ICE and the Future of Bitcoin Trading and RegulationAs reported earlier by The New York Times (NYT) and Bitcoin Magazine, Intercontinental Exchange (ICE), parent company of the New York Stock Exchange (NYSE), is developing an online trading platform that would allow large investors to trade bitcoin directly. As news about the ICE platform continues to develop, Bitcoin Magazine spoke with lawyers Ben Sauter and Dave McGill of Kobre & Kim, a New York City law firm which specializes in disputes and investigations, to examine the regulatory issues surrounding the launch of such a platform, including swap contracts and the implications the ICE platform might have on cryptocurrency trading in the future. What Happened At Graceland’s Ethereum ConferenceIn its first year, EthMemphis distinguished its place on the blockchain conference circuit for displaying an under-the-hood glimpse at what actually moves this young industry forward, specifically on the Ethereum network. The focus was on blockchain topics and projects applied to supply chain, healthcare, tourism/hospitality, education and law. Verge Cryptocurrency Suffers Its Second Hack in Less Than Two MonthsWhile Verge executives are claiming a DDoS attack is responsible for the recent serious delays on their blockchain, it appears that the problem may be more serious than the company is implying. The attack lasted more than a few hours and has resulted in over 35 million XVGs (worth approximately $1.7 million) being stolen. The theft occurred when hackers exploited a specific glitch in Verge’s technology by mining multiple blocks virtually one second apart using the same algorithm. This was the same tactic used in a hack just last month that saw over 250,000 XVGs disappear into thin air, forcing Verge to prepare a subsequent hard fork. This article originally appeared on Bitcoin Magazine. |
Bitcoin Magazine, 1/1/0001 12:00 AM PST Cryptocurrencies and exchanges were the focus this week. Coinbase is getting into the decentralized exchange business with its acquisition of Paradex, potentially opening up thousands of ERC-20 tokens to traders, depending on what the SEC ends up doing with regulations. The parent company of the New York Stock Exchange, Intercontinental Exchange, continues work to implement a system to allow large investors to trade bitcoin directly. And Germany’s Deutsche Boerse is looking at getting into the cryptocurrency game. Finally, the city of Memphis had its first blockchain conference, which included keynotes from FedEx and a hackathon for various market segments that included some great prizes. Featured stories by Amy Castor, David Hollerith and Nick Marinoff Stay on top of the best stories in the bitcoin, blockchain and cryptocurrency industry. Subscribe to our newsletter here. Coinbase Takes Another Step Toward Trading ICO Tokens by AcquiringCryptocurrency exchange Coinbase just made an enormous play by acquiring decentralized relayer Paradex this week. Paradex bills itself as a decentralized exchange (DEX), meaning no third party is involved in holding the funds. Instead, users can use the platform to trade ERC20 tokens directly wallet to wallet. Paradex is built on top of the 0x (pronounced “zero x”) protocol. Right now, Coinbase trades four coins: bitcoin (BTC), bitcoin cash (BCH), ether (ETH) and litecoin (LTC). Adding ERC20 tokens could significantly boost the number of digital assets it carries. Due to the ICO boom that has taken place over the last few years, thousands of different ICO tokens are now available. German Stock Exchange Eyes Bitcoin and CryptocurrenciesFrankfurt Stock Exchange parent company, Deutsche Boerse AG, appears to have begun work on technology that will allow them to offer their clients bitcoin and cryptocurrency-related products. Speaking at an industry event in London on May 23, 2018, Jeffrey Tessler, head of clients, products and core markets for Deutsche Boerse, said they are considering offering cryptocurrency products: "We are deep at work with it." The Old New Thing: ICE and the Future of Bitcoin Trading and RegulationAs reported earlier by The New York Times (NYT) and Bitcoin Magazine, Intercontinental Exchange (ICE), parent company of the New York Stock Exchange (NYSE), is developing an online trading platform that would allow large investors to trade bitcoin directly. As news about the ICE platform continues to develop, Bitcoin Magazine spoke with lawyers Ben Sauter and Dave McGill of Kobre & Kim, a New York City law firm which specializes in disputes and investigations, to examine the regulatory issues surrounding the launch of such a platform, including swap contracts and the implications the ICE platform might have on cryptocurrency trading in the future. What Happened At Graceland’s Ethereum ConferenceIn its first year, EthMemphis distinguished its place on the blockchain conference circuit for displaying an under-the-hood glimpse at what actually moves this young industry forward, specifically on the Ethereum network. The focus was on blockchain topics and projects applied to supply chain, healthcare, tourism/hospitality, education and law. Verge Cryptocurrency Suffers Its Second Hack in Less Than Two MonthsWhile Verge executives are claiming a DDoS attack is responsible for the recent serious delays on their blockchain, it appears that the problem may be more serious than the company is implying. The attack lasted more than a few hours and has resulted in over 35 million XVGs (worth approximately $1.7 million) being stolen. The theft occurred when hackers exploited a specific glitch in Verge’s technology by mining multiple blocks virtually one second apart using the same algorithm. This was the same tactic used in a hack just last month that saw over 250,000 XVGs disappear into thin air, forcing Verge to prepare a subsequent hard fork. This article originally appeared on Bitcoin Magazine. |
CryptoCoins News, 1/1/0001 12:00 AM PST Willy Woo, a respected cryptocurrency, and digital asset analyst, recently stated that the bitcoin price might likely fall below the $6,000 mark in the short-term. Recent Market Struggles Since mid-May, ever since the bitcoin price failed to test a major support level at $10,000, the cryptocurrency market has been on a continuous decline. The vast majority The post Bitcoin Price to Bottom at $5,700 in Short-Term Before Recovery: Analyst appeared first on CCN |
CryptoCoins News, 1/1/0001 12:00 AM PST On previous reports, CCN emphasized that the price of bitcoin will likely fall to the higher end of the $6,000 region in the short-term. Over the past 24 hours, the bitcoin price has dropped by 2.5 percent, from $7,580 to $7,350, dipping below the $7,300 mark at one point. Lack of Momentum Throughout 2018, the The post Cryptocurrency Market Continues to Fall as Bitcoin Price Seeks Support at $6,700 appeared first on CCN |