Crypto News - NEM & Ripple Japan hack, Bitcoin cash, 50 Cent, Katy perry, Tron & Appcoins Partnership, telegram hackers
@altcoinbuzz Daily Update(26/1/18) covered by Shailen - This is an article version of the video made with the links to all the information mentioned in the video + I do add a few points which i feel could help out(IMO- In my opinion)
Price action still seems to be sideways, we could experience volatility today due to the expiry of the futures contract.
- Cryptocurrency 'Oracle' Lingham thinks bitcoin cash will outpace actual bitcoin in the future :
Internet entrepreneur Vinny Lingham predicted on Thursday that bitcoin cash — the offshoot of the popular cryptocurrency — will be in greater demand than actual bitcoin in the future.
"Bitcoin and bitcoin cash are focusing on two totally different markets right now," said Lingham, who has been dubbed the "Bitcoin Oracle"for his spot-on predictions about bitcoin.
Lingham, who owns a range of crypto units, said bitcoin cash is most commonly used for fast payments. Meanwhile, bitcoin is the better choice for investing.
IMO : I'm staying away from Bcash for just one major reason Roger ver - He has had a shady past where Ver pleaded guilty after selling explosives, marketed as Pest Control Report 2000, on eBay, which the U.S. Department of Justice described as "dealing in explosives without a license", and he was sentenced to 10 months in federal prison, apart from this before Bcash could be listed on Coinbase there was heavily insider trading, this was completely legal as there are hardly any regulations in the crypto world but the fact that they proved that will not put investors first shows a lot of conflict of interest.
Now coming to bitcoin and its shortcomings there are top notch teams working on actually converting bitcoin from a valuable asset to an actual transactional currency, the block size is not really a big deal with the oncoming of lightning network and other things I think its only a matter of time.
- BITCOIN BOOM: Japan steps in as cryptocurrency haven after South Korea and China crackdown
Japan has grown to become the world leader in bitcoin trading and now accounts for 40 percent of the global total of transactions.
Amid a worldwide crackdown on bitcoin, Tokyo is now considering whether or not to focus on protecting consumers from wild fluctuations by implementing regulation in price or preserving the country’s reputation for innovation. The connections between bitcoin and scams, tax evasion, money laundering and funding terrorism have raised concerns for most countries but so far Japan has not implemented any restrictions on bitcoin.
IMO : With Japan controlling 40% of the global transactions that makes me worried, as any sort of harsh regulations could affect the market severely. Hopefully there is mass adoption of cryptocurrencies across the world that reduces the overall influence of Japan.
- 50 Cent forgot he had a stash of Bitcoin now worth $8m :
In 2014, he released the album Animal Ambition and became the first artist to accept Bitcoin as payment.
The rapper received more than 700 Bitcoins under the deal, but then forgot about the cryptocurrency, The hoard is worth $7-$8m, although the currency's price volatility means that could change fast.
Source : http://www.bbc.com/news/business-42820246
IMO: He's one lucky bastard, on the flip side he has soo much debt that that money would just cover his loans, its a different story if he hold it and btc goes to 40,000USD , then he'd truely make a killing
4)CRYPTO CLAWS: Katy Perry is getting on the bitcoin bandwagon with cryptocurrency nail paint :
IMO : This just brings more eyes towards cryptocurrencies, which is a good thing for mass adoption.
- Cryptocurrency Scammers Are Running Wild On Telegram:
Messaging app Telegram started out as a WhatsApp alternative, but it's fast becoming a petri dish for cryptocurrency get-rich-quick schemes, propped up by dubious trading bots and bogus celebrity endorsements from Christopher Walken and Dwayne “The Rock” Johnson. That may be a problem as it heads toward a possible billion-dollar initial coin offering.
6)Japan: Coincheck Exchange Freezes All Withdrawals As Up To $723 Mln Leaves Its Wallet:
Update Jan. 26, 3:00 pm UTC: Coincheck has reported the likely inappropriate transfer of $532 mln worth of NEM to the Financial Services Agency and the Police, according to Nikkei.
Update Jan. 26, 2:00 pm UTC: NEM Foundation president Lon Wong has appeared to confirm Coincheck was hacked, calling the stolen funds "the biggest theft in the history of the world."
Japanese cryptocurrency exchange Coincheck has suspended all withdrawals as a Ripple payment worth $123mln left its wallet Friday, Jan. 26.
In what appears to be a problem tied to its support of altcoin NEM, Coincheck, which is among Japan’s largest exchanges, suddenly froze NEM deposits Friday.
An accompanying blog post stated:
“Depositing NEM on Coincheck is currently being restricted. Deposits made to your account will not be reflected in your balance, and we advise all users to refrain from making deposits until the restriction has been lifted.”
Since operations began to shut down, Coincheck’s wallet has shifted a one-off sum of 101,265,057 XRP, worth approximately $123.5 mln. Unconfirmed reports to Cointelegraph additionally allege $600 mln of NEM has left the exchange.
IMO: This is insane news , it was the red sea in the early hours of Asia voiding the involvment of USA/EUR . For futher clarity on this topic please check out the video made by Jeff linked below
Twitter Updates :
- Tron gets listed ddex
I could not find the partnership post between Tron and Spacety .. someone please link that below in the description
-Appcoins gets listed on Lykke
Verge update :
Finally I would like to thank Matt of Altcoinbuzz for the continued support , I cannot begin to express how grateful I am to you
Thankyou .
Please Like, Comment (your critical feedback would be much appreciated) and resteem
Cheers :)
HUGE thanks to @steemaze for all the hard work on these posts!
Thankyou very much .. i enjoy doing this very much .. so will be thinking of more ways to keep adding to the posts
Your continued support always keeps me motivated too :)
Cheers :))
My long term hopes are on LTC ETH and BCC
Coins mentioned in post:
You have been resteemed as part of #newbieresteemday ... I made today my #newbieresteemday, and invite you and others to do the same. To learn more: Come Join Us!!! (Newbie Resteem Initiative)
Cool ..Thankyou very much :))
You got a 2.42% upvote from @minnowvotes courtesy of @steemaze!