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Cryptocurrency News: Looking Past the Bithumb Crypto Hack

Another Crypto Hack Derails Recovery
Since our last report, hackers broke into yet another cryptocurrency exchange. This time the target was Bithumb, a Korean exchange known for high-flying prices and ultra-active traders.

While the hackers made off with approximately $31.5 million in funds, the exchange is working with relevant authorities to return the stolen tokens to their respective owners. In the event that some is still missing, the exchange will cover the losses. (Source: “Bithumb Working With Other Crypto Exchanges to Recover Hacked Funds,”.

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Cryptocurrency News: Looking Past the Bithumb Crypto Hack

Cryptocurrency News: This Week on Bitfinex, Tether, Coinbase, & More

Cryptocurrency News
On the whole, cryptocurrency prices are down from our previous report on cryptos, with the market slipping on news of an exchange being hacked and a report about Bitcoin manipulation.

However, there have been two bright spots: 1) an official from the U.S. Securities and Exchange Commission (SEC) said that Ethereum is not a security, and 2) Coinbase is expanding its selection of tokens.

Let’s start with the good news.
SEC Says ETH Is Not a Security
Investors have some reason to cheer this week. A high-ranking SEC official told attendees of the Yahoo! All Markets Summit: Crypto that Ethereum and Bitcoin are not.

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Cryptocurrency News: This Week on Bitfinex, Tether, Coinbase, & More

Cryptocurrency News: XRP Validators, Malta, and Practical Tokens

Cryptocurrency News & Market Summary
Investors finally saw some light at the end of the tunnel last week, with cryptos soaring across the board. No one quite knows what kicked off the rally—as it could have been any of the stories we discuss below—but the net result was positive.

Of course, prices won’t stay on this rocket ride forever. I expect to see a resurgence of volatility in short order, because the market is moving as a single unit. Everything is rising in tandem.

This tells me that investors are simply “buying the dip” rather than identifying which cryptos have enough real-world value to outlive the crash.

So if you want to know when.

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Cryptocurrency News: XRP Validators, Malta, and Practical Tokens

Cryptocurrency News: Bitcoin ETFs, Andreessen Horowitz, and Contradictions in Crypto

Cryptocurrency News
This was a bloody week for cryptocurrencies. Everything was covered in red, from Ethereum (ETH) on down to the Basic Attention Token (BAT).

Some investors claim it was inevitable. Others say that price manipulation is to blame.

We think the answers are more complicated than either side has to offer, because our research reveals deep contradictions between the price of cryptos and the underlying development of blockchain projects.

For instance, a leading venture capital (VC) firm launched a $300.0-million crypto investment fund, yet liquidity continues to dry up in crypto markets.

Another example is the U.S. Securities and Exchange Commission’s.

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Cryptocurrency News: Bitcoin ETFs, Andreessen Horowitz, and Contradictions in Crypto

Cryptocurrency News: What You Need to Know This Week

Cryptocurrency News
Cryptocurrencies traded sideways since our last report on cryptos. However, I noticed something interesting when playing around with Yahoo! Finance’s cryptocurrency screener: There are profitable pockets in this market.

Incidentally, Yahoo’s screener is far superior to the one on CoinMarketCap, so if you’re looking to compare digital assets, I highly recommend it.

But let’s get back to my epiphany.

In the last month, at one point or another, most crypto assets on our favorites list saw double-digit increases. It’s true that each upswing was followed by a hard crash, but investors who rode the trend would have made a.

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Cryptocurrency News: What You Need to Know This Week

Cryptocurrency News: Bitcoin ETF Rejection, AMD Microchip Sales, and Hedge Funds

Cryptocurrency News
Although cryptocurrency prices were heating up last week (Bitcoin, especially), regulators poured cold water on the rally by rejecting calls for a Bitcoin exchange-traded fund (ETF). This is the second time that the proposal fell on deaf ears. (More on that below.)

Crypto mining ran into similar trouble, as you can see from Advanced Micro Devices, Inc.‘s (NASDAQ:AMD) most recent quarterly earnings. However, it wasn’t all bad news. Investors should, for instance, be cheering the fact that hedge funds are ramping up their involvement in cryptocurrency markets.

Without further ado, here are those stories in greater detail.
ETF Rejection.

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Cryptocurrency News: New Exchanges Could Boost Crypto Liquidity

Cryptocurrency News
Even though the cryptocurrency news was upbeat in recent days, the market tumbled after the U.S. Securities and Exchange Commission (SEC) rejected calls for a Bitcoin (BTC) exchange-traded fund (ETF).

That news came as a blow to investors, many of whom believe the ETF would open the cryptocurrency industry up to pension funds and other institutional investors. This would create a massive tailwind for cryptos, they say.

So it only follows that a rejection of the Bitcoin ETF should send cryptos tumbling, correct? Well, maybe you can follow that logic. To me, it seems like a dramatic overreaction.

I understand that legitimizing cryptos is important. But.

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Cryptocurrency News: New Exchanges Could Boost Crypto Liquidity

Bitcoin Rise: Is the Recent Bitcoin Price Surge a Sign of Things to Come or Another Misdirection?

What You Need to Know About the Bitcoin Price Rise
It wasn’t that long ago that Bitcoin (BTC) dominated headlines for its massive growth, with many cryptocurrency millionaires being made. The Bitcoin price surged ever upward and many people thought the gravy train would never stop running—until it did.

Prices crashed, investors abandoned the space, and lots of people lost money. Cut to today and we’re seeing another big Bitcoin price surge; is this time any different?

I’m of a mind that investors ought to think twice before jumping back in on Bitcoin.

Bitcoin made waves when it once again crested above $5,000. Considering that it started 2019 around $3,700,.

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Bitcoin Rise: Is the Recent Bitcoin Price Surge a Sign of Things to Come or Another Misdirection?

Cryptocurrency News: Vitalik Buterin Doesn’t Care About Bitcoin ETFs

Cryptocurrency News
While headline numbers look devastating this week, investors might take some solace in knowing that cryptocurrencies found their bottom at roughly $189.8 billion in market cap—that was the low point. Since then, investors put more than $20.0 billion back into the market.

During the rout, Ethereum broke below $300.00 and XRP fell below $0.30, marking yearly lows for both tokens. The same was true down the list of the top 100 biggest cryptos.

Altcoins took the brunt of the hit. BTC Dominance, which reveals how tightly investment is concentrated in Bitcoin, rose from 42.62% to 53.27% in just one month, showing that investors either fled altcoins at higher.

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Cryptocurrency News: Vitalik Buterin Doesn’t Care About Bitcoin ETFs

Cryptocurrency Prices Live, Cryptocurrency Index, Charts …

The cryptocurrencies shown here are just the most popular ones, and this means not all of them can be found on this table. Full list, more then 1500 cryptos can be found, by clicking LOAD MORE button at the bottom of the chart, or just type any cryptocurrency symbol or name in the search box at the top of the chart.

To make things easier, this page displays the logos and the symbols beside the name of the cryptocurrency it is therefore impossible to make a mistake when looking at the numbers. The logos, names, and symbols appear in the first, second and third column, respectively. The names and symbols of the listed cryptocurrencies are actually links. Clicking on these links a new page with individual data about the chosen coin will be displayed, though it might take some time for the data to load.

The next column is the price of the coin, per unit, expressed in US Dollars, although the currency of the price can be changed in the small box at the top of the chart. The next two columns measure the recorded change as a percentile and as an actual value, respectively. The growth is shown in green while the loss is red color coded and has a minus in front of the number shown.

Other two columns that can be analyzed together, are the high and low for the last 24 hours. This is the highest and the lowest exchange rate the cryptocurrency reached in the past day, respectively. The numbers seen here are expressed in US Dollars, like in the fourth column.Next youll see the volume of coins that was used in the past 24 hours. The value is expressed in US Dollars. Of course, this number depends on the price of the coin, per unit.The last column shows the market capitalization of the cryptocurrency, which means total value of the coins of particular type. Youll see that the changes almost every second. This is because the data is shown there as it happens. It is LIVE.

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Cryptocurrency Prices Live, Cryptocurrency Index, Charts …

Cryptocurrency | Definition of Cryptocurrency by Merriam …

: any form of currency that only exists digitally, that usually has no central issuing or regulating authority but instead uses a decentralized system to record transactions and manage the issuance of new units, and that relies on cryptography to prevent counterfeiting and fraudulent transactions Virtual currency bitcoin hit the mainstream in 2014. Bitcoin ATMs started springing up all over the world , allowing people to exchange cash for the cryptocurrency, a secure digital payment outside of conventional financial institutions. Brenda Poppy

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List of cryptocurrencies – Wikipedia

ReleaseCurrencySymbolFounder(s)Hash algorithmProgramming language of implementationCryptocurrency blockchain (PoS, PoW, or other)Notes2009BitcoinBTC,[4][5] XBT, Satoshi Nakamoto[nt 1]SHA-256d[6][7]C++[8]PoW[7][9]The first and most widely used decentralized ledger currency,[10] with the highest market capitalization.[11]2011LitecoinLTC, Charlie LeeScryptC++[12]PoWOne of the first cryptocurrencies to use Scrypt as a hashing algorithm.2011NamecoinNMCVincent Durham[13][14]SHA-256dC++[15]PoWAlso acts as an alternative, decentralized DNS.2012PeercoinPPCSunny King(pseudonym)[16]SHA-256d[17]C++[18]PoW & PoSThe first cryptocurrency to use POW and POS functions.2013DogecoinDOGE, XDG, Jackson Palmer& Billy Markus[19]Scrypt[20]C++[21]PoWBased on the Doge internet meme.2013[22][23]GridcoinGRCRob Hlford [24]ScryptC++[25]Decentralized PoSLinked to citizen science through the Berkeley Open Infrastructure for Network Computing[26][27]2013PrimecoinXPMSunny King(pseudonym)[16]1CC/2CC/TWN[28]TypeScript, C++[29]PoW[28]Uses the finding of prime chains composed of Cunningham chains and bi-twin chains for proof-of-work.2013Ripple[30][31][32]XRP[32]Chris Larsen &Jed McCaleb[33]ECDSA[34]C++[35]”Consensus”Designed for peer to peer debt transfer. Not based on bitcoin.2013NxtNXTBCNext(pseudonym)SHA-256d[36]Java[37]PoSSpecifically designed as a flexible platform to build applications and financial services around its protocol.2014AuroracoinAURBaldur Odinsson(pseudonym)[38]ScryptC++[39]PoWCreated as an alternative currency for Iceland, intended to replace the Icelandic krna.2014DashDASHEvan Duffield &Kyle Hagan[40]X11C++[41]PoW & Proof of Service[nt 2]A bitcoin-based currency featuring instant transactions, decentralized governance and budgeting, and private transactions.2014NEONEODa Hongfei & Erik ZhangSHA-256 & RIPEMD160C#[42]dBFTChina based cryptocurrency, formerly ANT Shares and ANT Coins. The names were changed in 2017 to NEO and GAS.2014MazaCoinMZCBTC Oyate InitiativeSHA-256dC++[43]PoWThe underlying software is derived from that of another cryptocurrency, ZetaCoin.2014MoneroXMRMonero Core TeamCryptoNight[44]C++[45]PoWPrivacy-centric coin using the CryptoNote protocol with improvements for scalability and decentralization.2014NEMXEMUtopianFuture (pseudonym)SHA3-512Java[46]POIThe first hybrid public/private blockchain solution built from scratch, and first to use the Proof of Importance algorithm using EigenTrust++ reputation system.2014PotCoinPOTPotcoin core dev teamScryptC++[47]PoSDeveloped to service the legalized cannabis industry in the United States.2014TitcoinTITEdward Mansfield & Richard Allen[48]SHA-256dTypeScript, C++[49]PoWThe first cryptocurrency to be nominated for a major adult industry award.[50]2014VergeXVGSunerokScrypt, x17, groestl, blake2s, and lyra2rev2C, C++[51]PoWFeatures anonymous transactions using Tor.2014StellarXLMJed McCalebStellar Consensus Protocol (SCP) [52]C, C++[53]Stellar Consensus Protocol (SCP) [52]Open-source, decentralized global financial network.2014VertcoinVTCBushidoLyra2RE[54]C++[55]PoWAims to be ASIC resistant.2015Ether or “Ethereum”ETHVitalik Buterin[56]Ethash[57]C++, Go[58]PoWSupports Turing-complete smart contracts.2015Ethereum ClassicETCEthash[57]PoWAn alternative version of Ethereum[59] whose blockchain does not include the DAO Hard-fork.[60][61] Supports Turing-complete smart contracts.2015TetherUSDTJan Ludovicus van der Velde[62]Omnicore [63]PoWTether claims to be backed by USD at a 1 to 1 ratio. The company has been unable to produce promised audits.[64]2016ZcashZECZooko WilcoxEquihashC++[65]PoWThe first open, permissionless financial system employing zero-knowledge security.2017Bitcoin CashBCH[66]SHA-256dPoWHard fork from Bitcoin, Increased Block size from 1mb to 8mb2017EOS.IOEOSDan LarimerWebAssembly, Rust, C, C++[67]delegated PoSFeeless Smart contract platform for decentralized applications and decentralized autonomous corporations with a block time of 500 ms.[67]

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CryptoCompare.com – Live cryptocurrency prices, trades …

CryptoCompare.com – Live cryptocurrency prices, trades, volumes, forums, wallets, mining equipment, and reviews | CryptoCompare.com

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Connecting the crypotasset and traditional finance industries

CryptoCompare is the perfect place to learn about crypto currencies and start tounderstand some of the fundamental concepts behind the blockchain.

The website Bitcoincasinokings.com is a one-stop shop for everything related to online Bitcoin gambling. And for the uninitiated, there is a large and growing ecosystem already thriving on the internet to service this demand.

Smart contracts are computer programs which contain scripts that are automatically executed when the requirements of a particular set of conditions have been met. In a nutshell, smart contracts are just lines of code.Prominent legal scholar and c

Cryptocurrency-based tokens are typically issued on blockchain or distributed ledger technology (DLT)-based platforms and they usually represent fungible and tradeable digital assets. Unlike cryptocurrency coins, which are developed for the sole purp

Bitcoin (BTC) is a peer-to-peer (P2P) digital asset system which has been implemented on an immutable and distributed ledger, which allows users to view transaction details including the amount of funds transferred and the addresses of the recipient

As its name implies, a blockchain is a type of data structure that consists of a chain of blocks which contain information. This method of grouping data was originally conceived and described in 1991 by researchers who had initially planned to use a

An initial coin offering (ICO), also referred to as a token sale, is a type of crowdfunding method for blockchain projects. Companies can raise funds for their projects by offering investors a token or a cryptocurrency in exchange for fiat money or m

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What is Cryptocurrency: Cryptocurrency Explained the Easy Way

Welcome to my complete beginners guide to What is Cryptocurrency. The short and easy answer to the title question is that cryptocurrency is a decentralized digital money. But what exactly does that mean and how does it work? In this guide, I will answer all the questions you have about cryptocurrency. Im going to tell you when it was invented, how it works and why its going to be so important in the future. By the end of this guide, youll be able to answer the question, what is cryptocurrency? for yourself. The world of cryptocurrency moves fast so theres no time to waste. Lets get started! When I hear a new word, I look up its definition in my dictionary. Cryptocurrency is a new word for most people so lets write a crypto definitionHow Does Cryptocurrency Work? Crypto Definition Below is a list of six things that every cryptocurrency must be in order for it to be called a cryptocurrency;

7 Tricky Ways How to Get Bitcoins: 2019 Ultimate Bitcoin Video Guide

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INTERESTING FACT In 2010, a programmer bought two pizzas for 10,000 BTC in one of the first real-world bitcoin transactions. Today, 10,000 BTC is equal to roughly $38.1 million a big price to pay for satisfying hunger pangs.

INTERESTING FACT Ethereum has quickly skyrocketed in value since its introduction in 2015, and it is now the 2nd most valuable cryptocurrency by market cap. Its increased in value by 2,226% in just last year a huge boon for early investors.

INTERESTING FACT You can trade online with crypto exchanges like Binance, Bitstamp, and Coinbase. You can also arrange to trade cryptocurrencies in-person with peer-to-peer sites like LocalBitcoins.com

7 Tricky Ways How to Get Bitcoins: 2019 Ultimate Bitcoin Video Guide

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Cryptocurrency TradingView

The consistency, the consistency, the consistency – I have mentioned it multiple times and again it is the major indication in the crypto world.As you see those last candles getting bigger and bigger after every candle, that is exactly what I mean by that but let’s take a look about the current situation.First clean resistance areas:Here, around $8,000, we…

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Coinlib – Cryptocurrency prices now

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Mkt Cap$143.57BVolume$11.56B

Mkt Cap$22.10BVolume$4.26B

Mkt Cap$15.95BVolume$1.35B

Mkt Cap$7.02BVolume$1.30B

Mkt Cap$5.60BVolume$1.60B

Mkt Cap$5.40BVolume$1.21B

Mkt Cap$3.38BVolume$274.32M

Mkt Cap$2.80BVolume$9.38B

Mkt Cap$2.10BVolume$185.22M

Mkt Cap$2.03BVolume$83.33M

Mkt Cap$1.73BVolume$523.48M

Mkt Cap$1.41BVolume$31.18M

Mkt Cap$1.23BVolume$112.65M

Mkt Cap$1.04BVolume$21.42M

Mkt Cap$1.00BVolume$37.93M

Mkt Cap$890.76MVolume$2.39M

Mkt Cap$770.03MVolume$13.45M

Mkt Cap$706.71MVolume$226.96M

Mkt Cap$666.27MVolume$232.91M

Mkt Cap$663.63MVolume$54.25M

Mkt Cap$606.80MVolume$1.66M

Mkt Cap$577.56MVolume$13.79M

Mkt Cap$456.09MVolume$23.96M

Mkt Cap$441.09MVolume$487.95M

Mkt Cap$407.14MVolume$4.74M

Mkt Cap$373.09MVolume$12.67M

Mkt Cap$347.91MVolume$86.99M

Mkt Cap$340.17MVolume$332K

Mkt Cap$334.25MVolume$27.00M

Mkt Cap$282.58MVolume$1.04M

Mkt Cap$253.22MVolume$14.94M

Mkt Cap$252.16MVolume$105.14M

Mkt Cap$240.41MVolume$26.37M

Mkt Cap$236.71MVolume$7.42M

Mkt Cap$233.48MVolume$121.59M

Mkt Cap$231.87MVolume$4.59M

Mkt Cap$225.55MVolume$7.58M

Mkt Cap$223.43MVolume$8.51M

Mkt Cap$193.32MVolume$142.85M

Mkt Cap$181.01MVolume$506K

Mkt Cap$175.21MVolume$9.18M

Mkt Cap$166.62MVolume$11.42M

Mkt Cap$166.84MVolume$10.99M

Mkt Cap$165.44MVolume$11.47M

Mkt Cap$163.56MVolume$11.39M

Mkt Cap$156.95MVolume$17.98M

Mkt Cap$156.54MVolume$13.02M

Mkt Cap$152.01MVolume$9.53M

Mkt Cap$145.61MVolume$2.68M

Mkt Cap$137.81MVolume$1.23M

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Coinlib – Cryptocurrency prices now

What Facebooks Cryptocurrency Could Look Like – Barron’s

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Facebook is reportedly developing a kind of cryptocurrency that will allow people to make transactions within its platform. The plan has leaked out in news reports, though Facebook itself has stayed mum about what exactly its up to.

On Friday, an analyst predicted that the Facebook coin (Facecoin, perhaps?) would actually look more like one of the large public cryptocurrencies such as Bitcoin or Ethereum and less like the internal-payment or loyalty systems that companies like Starbucks (ticker: SBUX) use. And she expects it to benefit major payments players like Visa (V), Mastercard (MA), and PayPal Holdings (PYPL) rather than replace them.

Last week, The Wall Street Journal reported that Facebook (FB) is working on an initiative called Project Libra to create a coin that Facebook users could send to each other. The so-called stablecoin would be pegged to the value of a government-backed currency like the U.S. dollar so it wouldnt fluctuate in price as wildly as Bitcoin.

Asked about the project, a Facebook spokeswoman sent Barrons a statement on Friday saying that the company is exploring ways to leverage the power of blockchain technology. This new small team is exploring many different applications. We dont have anything further to share.

In the absence of more concrete information, analysts are starting to speculate. Moffett Nathansons Lisa Ellis wrote that the Facebook coin could simply end up being an internal payment and behavior-reward system that the social-media giant uses to encourage people to watch ads on its platforms to earn coins. But she thinks its likelier that Facebook creates a more-public coin thats governed by an independent board. (Ethereum, for one, has a foundation thats designed to work something like this.)

The Journal noted that Facebook is working with big payment companies like Visa, indicating it wants to be useful for more than just as a delivery system for loyalty points. In addition, Ellis wrote, an open cryptocurrency system is more likely to encourage commerce over the Facebook system than a closed crypto system, because an open crypto is more liquid (easier to exchange to/from fiat currency, so more likely a consumer is willing to use it). She notes that Facebook already tried a closed payments system called Facebook Credits that failed to take off.

A public system like the one Ellis describes would be good news for payments companies like Visa and Mastercard, which have so far felt little disruption from cryptocurrencies, most of which are too slow to be useful as actual currencies, she argues.

If Facebook launches an open digital wallet and checkout button, the company will need to collaborate with Visa and Mastercard to enable a variety of card-based funding methods in its wallet (similar to Apple Pay, PayPal , or Google Pay), Ellis wrote.

It could also make Facebooks coin a useful asset for people who live in high-inflation countries where the local currency has been devalued, Ellis says. Essentially Facebook would be offering them a coin that is pegged to the value of a more stable currency so it cant be manipulated by the local government.

Thats the same argument people have given for years about Bitcoinwhich would mean Facebook would be a direct competitor to Bitcoin. (The irony of Bitcoin being replaced by a megacorporation is too rich to even address here.)

All this is highly speculative, of course. The idea that Facebook would hand control of its payments platform to an independent foundation seems unlikely at best. That said, its certainly possible that Facebook introduces a more publicly tradable cryptocurrency. The only question at that point is whether the logo would have Mark Zuckerbergs face on it.

Write to Avi Salzman at avi.salzman@barrons.com

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What Facebooks Cryptocurrency Could Look Like – Barron’s


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