The founder of CoinGeek called bitcoin altcoin and spoke in support of Bitcoin.com

Information resource CoinGeek, a part of the Calvin Ayre Media group of companies, announced the support of the site of Roger Vera Bitcoin.com in a possible litigation if the company and its founder are sued for using the word “bitcoin” in relation to Bitcoin Cash.

Like Roger Ver himself, the founder of CoinGeek, Kelvin Eyre, is convinced that Bitcoin Cash is the “true bitcoin,” which they jointly announced in October of last year.

“If you do not believe me or do not understand me, I do not have time to convince you. Forgive me, “Ver used one of the utterances of Satoshi Nakamoto.

The essence of the claims of Bitcoin.com critics is that using the Bitcoin Core definition to designate Bitcoin (BTC) could mislead some users and, as a result, force them to mistakenly purchase Bitcoin Cash (BCH).

In CoinGeek, the trial is considered an excellent opportunity to thoroughly examine the “Bitcoin Cash benefits” over bitcoin and to challenge the “cultist dogma”.

The organization is convinced that it is the BTC that is a kind of SegWit-fork, and Bitcoin Cash was forced to secede in order to follow the course laid out in the whitepaper of Satoshi Nakamoto.

“For anyone who knows the history and understands the technology, bitcoin under the BTC ticker uses the bitcoin name illegally, since the SegWit implementation deprived it of this right and status, and it can no longer be a crypto currency,” said Calvin Eyre in support of Bitcoin.com .

Recall, Roger Ver published a video message on Youtube, which conducted a comparative analysis of the merits of Bitcoin Cash and bitcoin.

So, he came to the conclusion that Bitcoin Cash is a more accurate interpretation of Satoshi Nakamoto’s original vision.

EOS reached an absolute maximum and continued the rally

Crypto-currency EOS showed a rapid rally this week, breaking the previous high at $ 18.50. So, its average rate has increased by more than 80%, leaving all participants in TOP-10 rating CoinMarketCap far behind

Bulls are confidently pushing the price of the asset up amid positive news about a partnership with blockchain enthusiasts Michael Kao and Vinny Lee, who will participate in the formation of the $ 200 million EOS Global fund for the expansion of the platform in the Asian region.

In addition, the start-up developer of the Block.one platform has entered into a partnership with the German investment firm FinLab AG, which will manage the venture fund from EOS for $ 100 million to expand the platform in the European region.

It is worth noting that EOS, like Tron, intends to abandon the ERC20 standard and switch to its own blockchain in early summer of 2018.

 

John McAfee urged Jamie Dimon to surrender to the crypto-currency industry

A well-known crypto-enthusiast and founder of MGT Capital Investments, John McAfee believes that a new spiral of rising prices for digital assets, increased mining activity and the introduction of blocking technology and crypto-currencies in various industries suggests that attempts by JPMorgan & Chase CEO Jamie Daymon to destroy the traffic failed.

Daimon was long considered the main critic of bitcoin on Wall Street, but then he suddenly changed his position.

“I’m sorry to give such comments,” said Dimon during an interview with Fox Business.

At the same time, he stressed that he was not interested in bitcoin at all, but at the same time he believes that the technology of the blockchain is real and working.

Recall, that for John McAfee have very much at stake. The creator of the antivirus McAfee Security promised to eat his penis if the price of bitcoin does not reach $ 1 million in 2020.

Pantera Capital: capitalization of the crypto-currency market can easily reach $40 trillion

The cost of bitcoin grows due to the fact that the coin got rid of the “dirty” reputation and attracted large investors. This in an interview with Bloomberg said the head of the hedge fund Pantera Capital Dan Morhad.

Nevertheless, according to him, bitcoin still has not reached its fair price.

“Of course, we are extremely optimistic about this sphere. We believe that we are much lower, perhaps an order of magnitude or two, of the fundamental fair value of the detachment, an industry that is collectively estimated at $ 400 billion. It can easily grow to $ 4 trillion, and maybe up to $ 40 trillion, “said Morhad , adding that bitcoin continues to “shout about buying.”

Along with this, the head of the hedge fund said that he relies on investments in the South Korean ICON project, not bitcoin.

We note that Pantera Capital controls assets totaling $ 1 billion, 10% of which are placed in the first crypto currency. In March, the hedge fund lost almost half of its funds.

Recall earlier in April, Dan Morehead said that before the end of this year, the price of bitcoin will not fall below $ 6,500 and it has a high probability of overcoming the December maximum in the $ 20,000 area.

 

Saxo Bank: Crypto-currency market in anticipation of a new positive cycle

Specializing in online trading and investment, Saxo Bank published a quarterly forecast for global markets, including the topic of crypto currency, which, in his opinion, could be on the threshold of a new cycle.

In the 35-page document Quarterly Outlook Q2 2018 released yesterday, Saxo Bank focuses on issues such as the approaching completion of the largest ever monetary experiment in the field of monetary policy, growing nationalism, ever more prominent social and economic disparities, and an ever-widening lack of hope among the younger generation.

In addition, bitcoin and other crypto-currencies became one of the areas that Saxo Bank analysts paid special attention to.

In particular, the document raises the question that crypto-currencies can enter a new cycle of their development. Thus, after an unprecedented rise to historical highs at the end of 2017, when the bitcoat price reached $ 20,000, in the first three months of 2018, digital currencies dropped significantly.

“Having lost more than 50% in value, bitcoin showed the worst for itself the first quarter and the second worst quarter in its history,” the report says.

According to Jacob Pauncey, the analyst at Saxo Bank, the situation continues to be fragile due to growing pressure from regulators and a ban on advertising in the largest social networks. However, “the possibility of renewal of growth” can not be ruled out, “he added.

Jacob Pouncey believes that in the short term there may be further downturns due to the same regulation and the continued sale of large batches of bitcoins by the trustees of the bankrupt Mt Gox stock exchange.

The analyst identifies several events that could potentially become a springboard for bullish sentiment in the market in the second quarter.

“If there is a significant pullback in the stock markets, there will be an influx of money into uncorrelated assets or assets that are outside the traditional financial system. And crypto-currencies become a potential alternative. The influx of institutional capital into the market of crypto-currencies due to greater regulation and better protection of investors can lead to a positive second quarter, “said Jacob Pauncey.

The growth in the last two years was due to the general geopolitical instability in the world, where the key events were the election of Donald Trump for the presidency of the United States, the referendum on the withdrawal of Britain from the European Union (Brexit) and nuclear tests in North Korea.

And according to Jacob Pouncey, the current negative cycle will also come to an end sooner or later. Weak investors will leave the market, and those who remain will be waiting for further positive news.

Besides Harvesting Facebook User Data Cambridge Analytica Were Planning For an ICO

Cambridge Analytica

Do you know that Cambridge Analytica, the company that harvested and misappropriated 87M private Facebook user information was planning for an ICO last year? Yes, wrap that first before continuing! According to Reuters who spoke to sources privy to the matter, the company was looking forward to issue their own cryptocurrency in exchange of $30M. This was well before their Facebook data breach saga.

Plans of Becoming a Data Company

Ironically, Cambridge Analytica had a well-structured strategy of venturing into the data business. There, their coin would have been the main currency for buying and selling personal data. Through the company’s British CEO, Alexander, the whole ICO process would come through. In an email, a Cambridge Analytica spokesman let through the details saying:

“Prior to the Facebook controversy, we were developing a suite of technologies to help individuals reclaim their personal data from corporate entities and to have full transparency and control over their personal data”

Before facing the sack, he had approached several ICO consulting companies . Fortunately, he was caught on tape bragging about Cambridge Analytica involvement in politics and manipulating democratic processes.

Cambridge Analytica Dystopian Business Model

Even though blockchain technology core objective is to decentralize control, Cambridge Analytica business model was different. Jill Carson, a blockchain expert, attended one of Cambridge Analytica’s pitch. She  said that the company was advancing government and corporate control agendas contrary to the whole objective of blockchain technology. Talking to Reuters, she said:

“The way that Cambridge Analytica was talking about it, they were viewing it as a means of being able to basically inflict government control and private corporate control over individuals”

At the moment, it is still not clear if Cambridge Analytica will still go on with their coin offering. However, we know that they shall utilize blockchain technology in one way or another to safeguard user personal data.

Amazon has patented a solution for the market for streaming data using bitcoin

Amazon Technologies, a division of the leading e-commerce company for cloud solutions, Amazon, received a patent for a solution for the streaming data market, allowing subscribers to receive real-time crypto-transaction data. About this writes CoinDesk

The patent describes a system that allows individuals and organizations to display data streams for sale on a subscription basis.

In particular, this solution will allow developers to create real-time toolbars, intercept exceptions and generate alerts, make recommendations and make other business and operational decisions in real time.

Potential cases for such a market include the analysis of site traffic, marketing and financial information, data on social networks, data accounting and other application scenarios.

At the same time, the publication draws attention to the fact that one of the cases is directly focused on the crypto-currency market. As stated in the patent specification, individual data flows, for example, transaction data of bitcoin and other crypto currency, may not in themselves represent value. However, the combination of such data with additional sources can make them more valuable.

At the same time, the publication draws attention to the fact that one of the cases is directly focused on the crypto-currency market. As stated in the patent specification, individual data flows, for example, transaction data of bitcoin and other cryptocurrency, may not in themselves represent value. However, the combination of such data with additional sources can make them more valuable.

 

“For example, an online rite group that accepts bitcoin transactions may have a delivery address that correlates with the address of the bitcoin-purse. Retailers can combine the shipping address with bitcoin-transaction data to create correlated data and publish these combined data as a stream, “the patent says.

Amazon also notes the potential interest in this market by law enforcement agencies.

“Law enforcement agencies can be its customers and receive data on global bitcoin transactions across countries and with ISP data, which will allow them to determine the source IP addresses and delivery addresses that correlate with the addresses of bitcoin-purses,” the authors of the patent said.

What do the Brits think about Cryptocurrencies?

In a poll that was recently by D-CYFOR reveals that 93% of the UK general public now knows about cryptocurrencies.  This percentage represents a 2% increase since the same question was put to them in January 2018 this year and 13% increase since November 2017.

The D-CYFOR opinion tracker is used to measure the public attitude towards bitcoin and cryptocurrencies. It also reveals that while the public opinion on bitcoin is high (93%), 56% say that even if the government was to regulate cryptocurrency exchanges they would still be willing to invest in cryptocurrency. 33% said that cryptocurrency regulation would make them more likely to invest in cryptocurrencies.

The survey also indicates that the majority of the general public (that is around 60%) would not support the bank of England introducing its own cryptocurrency. The reverse is true about millennials who constitute around (53%) and are the only age group that would support a bank of England backed cryptocurrency.

And when asked “What is the blockchain?”, 41 per cent answered that it was another name for an old-fashioned toilet pull flush.

When the general public was asked whether they were optimistic about an increase in the value of Bitcoin, around 39% said yes. This is the same percentage when D-CYFOR got when the question was asked in January 2018. This percentage also reveals that there has been a drop in investor confidence since November 2017.

The survey further reveals that majority of the public (around 61%) believe that bitcoin will either decrease in value of the next six months or entire collapse. The January 2018 shows that this figure remains unchanged. Around 47% of the general public in November 2017 believed that bitcoin would decrease in value. The same number also believed that bitcoin would collapse within six months.

The experience of those that have tried using cryptocurrencies

The survey by D-CYFOR also seeks to address the issue of the experience of those that have tried to sell bitcoin. It found out that those who have tried to sell their bitcoin found the fees to be high.

The percentage of this group consists of around 24%. 10% of those asked about their experience on selling bitcoin said that it took them a long time to sell while the value of their bitcoin fluctuated.

33% found the process to be straightforward and never met any hiccups along the way. 19% found the process to be okay whilst 16% have never tried to sell their bitcoin.

Out of the number that has already invested in cryptocurrencies and bitcoin, 50% are planning to keep their investments for under a year.

Other Cryptocurrencies

The opinion tracker found out that around 50% of those who invested in bitcoin are most likely to invest in other cryptocurrencies. This number represents a 2% increase from the question that was last asked in January 2018.

The survey further reveals that the general public still sees buying property as the best long term investment. This number is around 45%, while 20% believe that putting money in the bank is the best option. The number slowly decreases as 14% believe in investing money in stocks and shares.

$ 2 million was stolen from american blogger in the cryptocurrency while he was streaming YouTube

The popular American crypto-investor and YouTube blogger Ian Balina became a victim of scammers who transferred $ 2 million from their wallets to the cryptocurrency. According to CCN, the incident occurred during a live stream, which led Balina.

Balina talked about cryptocurrencies and ICO on-air on his YouTube channel, when they began to write in a chat about the funds disappearing from his Etherscan digital wallets. The investor drew attention to the reports about 15 minutes after the theft.

The blogger interrupted the broadcast to try to cancel the transactions, but all was unsuccessful – the unknowns withdrew from his accounts more than $ 2 million in various crypto currency

After some time, Balina confirmed the theft of Twitter. He asked subscribers to provide information about hackers and noted that what happened would serve him a good lesson.

https://twitter.com/DiaryofaMadeMan/status/985790965842698240

Ian Balina also admitted that he made a number of mistakes that made hacking possible. In particular, his main account was associated with the old mail for the possibility of resetting the password. In addition, he kept private and public keys to accessing his digital assets in the Evernote cloud storage, which was easy to crack on intruders.

Note also that the hacking occurred shortly after Balina published the contents of her cryptocurrency portfolio on Twitter.

https://twitter.com/DiaryofaMadeMan/status/985137947166019585

US Authorities Launch Probe into Bitcoin Trading

An investigation has been launched by the New York Attorney General into 13 cryptocurrency exchanges trading bitcoin and other digital currencies. None should be shocked to learn that US authorities launched a probe into Bitcoin trading.

The office of the Attorney General is said to have sent a letter to Bit Trust, Gemini, Coinbase and other exchanges requesting them to avail more facts for investors and traders in this emerging market.

“With cryptocurrency on the rise, consumers in New York and across the country have a right to transparency and accountability when they invest their money,” said Attorney General Schneiderman.

“Yet too often, consumers don’t have the basic facts they need to assess the fairness, integrity, and security of these trading platforms.

“Our Virtual Markets Integrity Initiative sets out to change that, promoting the accountability and transparency in the virtual currency marketplace that investors and consumers deserve.”

Trading policies and procedures

A questionnaire sent to each exchange requests that information about trading policies and procedures, fees and basic operation as well as controls to prevent money laundering and any form of hacking.

The initiative taken by the New York Attorney General’s office is a move set to protect the interest of New York residents who trade cryptocurrency with exchanges. The international nature of the business also means that the outcome of the probe could have wide-reaching consequences.

This investigation comes a day after International Monetary Fund (IMF) boss Christine Lagarde called for a good approach towards regulation in the cryptocurrency space.

Christine Lagarde also explained the global benefits of bitcoin and other cryptocurrencies on IMF’s official blog (website) saying that there should be sensible regulation put in place to help realize the potential of digital currencies and their underlying technology.

“Just as a few technologies that emerged from the dot-com era have transformed our lives, the crypto assets that survive could have a significant impact on how we save, invest and pay our bills,” Ms Lagarde wrote.

“An important initial step will be to reach a consensus within the global regulatory community on the role crypto-assets should play. Because crypto-assets know no boundaries, international cooperation will be essential.”