This Week te Cryptocurrency-February 16th, 2018, CoinCentral

This Week in Cryptocurrency-February 16th, 2018, CoinCentral

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Things are looking up, folks–figuratively and literally. Price act has bot on a constant upward trend since prices plunged to their lowest since November 2018. On February 6th, crypto’s overall market cap drooped to $276bln , down from $834bln at its all-time high ter January.

At press time, the market has gained $200bln from its postbode bull-market low at $482bln, and that means that assets across the houtvezelplaat are doing better than they have all month.

Bitcoin: Leading the recovering pack is crypto’s golden boy. Bitcoin is presently going for $Ten,120, a healthy 17% climb from the $8,400 it wasgoed sitting at last Friday.

Ethereum: All things considered, Ethereum has seen some positive price act, spil well, albeit a more conservative run-up than Bitcoin’s own. With a price tag of $937, Ethereum is up 9% from the $847 it featured last week.

Ripple: Ripple takes the cake this week for best spectacle out of the top three. The banker’s coin sports a $1.14 asking price at time of writing, which puts is at a 21% enhanced from $0.90 last week.

Domestic News

The CFTC Is on a Roll spil it Hosts its Own Hearing on Currencies, Proposes Subcommittees: A week out from the SEC/CFTC’s Senate testimonies, the CFTC’s Technology Advisory Committee held a public meeting on cryptocurrencies and blockchain technology. The meeting included discussions on blockchain’s potential and the need for stronger regulations for the cryptocurrency market, and the committee unanimously voted to create two fresh subcommittees to tackle thesis areas.

BitConnect ter Lawsuit Land: A third lawsuit wasgoed filed ter Florida against BitConnect this week, bringing the total number of lawsuits up to five nationally. Since BitConnect closed its doors te January, users have leaped at the chance to sue the lending toneelpodium for selling unregistered securities. Oh, and this latest lawsuit’s opening statement compares BitConnect’s quixotic investing promises to the phantasms of Alice’s Wonderland–we’ve certainly fallen down the rabbit fuckhole with this one spil even the courtroom has taken a turn for the surreal.

Microsoft Looks Into Blockchain for ID Capabilities: Ter a blog postbode, Microsoft stated it is embarking to weigh the potential to use blockchain for decentralized identities with its Microsoft Authenticator App. “Some public blockchains (bitcoin, ethereum, litecoin, to name a select few) provide a solid foundation for rooting DIDs, recording DPKI operations, and anchoring attestations,” Microsoft ID division employee Ankur Patel wrote ter the official announcement.

Virtually Nobody is Reporting Crypto Gains to the IRS: 0.04% of US citizens who use Credit Karma for their taxes have reported cryptocurrency transactions te their tax filings. Even while 57% of Two,000 individuals surveyed te a Credit Karma report indicated that they realized gains from their crypto investments, only 100 of 250,000 Americans who have used the service to opstopping taxes reported anything crypto related. Now, not everyone who uses Credit Karma is invested ter crypto, but wij’d be willing to bet that it’s more than 0.04%.

Pass the Buck, Uncle Sam: Arizona Legalizes Tax Payment ter Crypto: Perhaps people would pay taxes on crypto gains if they could pay ter cryptocurrencies. Well, if you live ter Arizona, this is now a possibility, spil the Arizona state Senate has passed a bill that will permit residents to pay taxes ter cryptocurrencies. Residents will be able to do so through “a payment gateway, such spil Bitcoin, Litecoin or any other cryptocurrency recognized by the department, using electronic peer-to-peer systems.”

Fess Up to Ownership: One Congressman Calls for Legislature Transparency Overheen Crypto Holdings: Jared Polis (D), a US House rep from Colorado, sent out a petition this week to the House Ethics Committee requesting that members of Congress disclose their cryptocurrency investments (something that they already do for traditional assets exceeding $1,000). Polis is a vocal voorstander of blockchain ter the US House and the founder of its Blockchain Caucus.

The SEC isn’t Releasing Information Regarding Tezos’ ICO: The SEC has denied David Silver’s request for information regarding Tezos under the Freedom of Information Act. Silver represents plaintiffs te a class act against Tezos, which is facing legal troubles from numerous suits spil ICO tokens have yet to be distributed amidst a turmoil of project in-fighting. The SEC called on exemption 7(A) of the FOIA which “protects from disclosure records compiled for law enforcement purposes, the release of which could reasonably be expected to interfere with enforcement activities.”

Weiss is Skeptical About Tether, Issues Warning: Following up on their much-controversial cryptocurrency grades, Weiss Ratings Agency issued a formal voorzichtig on Tether, arguing that investors should be cautious that Tether has never bot audited to verify that every Tether is backed by an equal amount ter fiat. “The big kwestie: There’s never bot an audit, and the folks behind Tether has bot fairly shady when asked. They have continuously claimed their tokens are backed 100% by actual dollars, yet they have failed to present any evidence to support this voorkoop.”

What’s Fresh at CoinCentral?

What is AdEx (ADX)? A Beginner’s Guide: AdEx (ADX) stands for “advertising exchange.” They’re building a decentralized toneel where advertisers and online publishers can meet to negotiate advertising contracts.

Here Comes LitePay, a Litecoin Payment Processor: Litecoin recently unveiled LitePay, a payment solutions verhoging that wants to be the “world’s very first borderless payment network.”

What is Storj? A Beginner’s Guide: Storj is an open source, decentralized verkeersopstopping storage solution. It uses encryption, verkeersopstopping sharding, and a blockchain-based hash table to store files on a peer-to-peer network. The purpose is to make cloud opstopping storage quicker, cheaper, and private.

What is Bluzelle? A Beginner’s Guide: Learn more about Bluzelle and its mission to create a decentralized database on blockchain with our beginner’s guide.

What is Edge (XVG)? A Beginner’s Guide: Edge is a privacy-focused cryptocurrency that aims to keep transactions anonymous and untraceable while permitting for high throughput and swift confirmation times.

What is Maker Dai? A Beginner’s Guide: Suggesting a viable stablecoin substitute to Tether, Maker is a clever contract verhoging that controls and sells Dai. Decentralized and trustless, the Maker podium stabilizes the value of Dai to one U.S. dollar using outer market mechanisms and economic incentives.

IOTA’s David Sonstebo on Monetizing Gegevens, User Privacy, and 2018 Priorities: Coin Central’s Bennett Garner recently had the chance to vraaggesprek David Sonstebo, one of the co-founders of IOTA, to talk about how IOTA is implementing its Tangle te the real world. Spil part of the conversation, they also discussed monetizing gegevens, protecting user privacy, and IOTA’s priorities for 2018.

Millions of Missing XRB Have Left BitGrail Exchange Insolvent: Here’s What Wij Know: Bitgrail recently announced its insolvency after toughly 15-17mln XRB went missing. Here’s what wij know about the state of things so far.

Ethereum Classic | Beginner’s Guide: Ethereum Classic is the original Ethereum blockchain and permits for the implementation of decentralized applications and wise contracts.

What is Aeternity? | Beginner’s Guide: Aeternity is a fresh podium for decentralized apps (dapps) launched te testnet te 2018. It also held a successful token suggesting te 2018 for its Aeon (AE) token.

Co-Founder of MyEtherWallet Violates from Project, Forks Software to Create My Crypto: Taylor Monahan, the co-founder of MyEtherWallet (MEW), has left hier zuigeling to start work on a fresh venture. The nascent project, dubbed MyCrypto, is similar to the original, so much so that it’s actually a software fork of the MyEtherWallet code.

Cryptocurrency News from Around the World

Atari Will Launch its Own Coin with Atari Token: Atari is trading te Pong and Pacman for a newer prototype: blockchain. The company recently announced that it would launch its own token, Atari Token, with plans to build a blockchain-based entertainment verhoging. “Blockchain technology is poised to take a very significant place te our environment and to convert, if not revolutionise, the current economic ecosystem, especially te the areas of the movie spel industry and online transactions,” the company’s CEO Frederic Chesnais stated.

At the Olympics, Going for Gold and Getting Paid ter Digital Gold: Ted-Jan Bloeman set two records this Olympics: one for his 12:39.77 gold medal run ter the boys’s Ten,000m long-track speed skating, and one for being the very first Olympic athlete to accept payment te crypto. The Canadian received cryptocurrency for a one-year sponsorship overeenkomst with ONG Social, a crypto/social media community and CEEK VR, a virtual reality development company.

I’m very excited to be the very first everzwijn #Crypto Sponsored Athlete. Thanks @CEEK #VirtualReality and @Ong_Social for being at the forefront of technology and this fine achievement. Looking forward to a superb relationship and the titillating times ahead.

South Korean Government Issues Statement on Public Crypto Petition: A South Korean petition that calls the government to relieve its regulatory hold on cryptocurrencies has reached 280,000 signatures. Government policy coordination minister Hong Nam-ki responded to the petition, issuing the following statement: “The government’s basic rule is to prevent any illegal acts or uncertainties regarding cryptocurrency trade, while anxiously nurturing blockchain technology.”

Coinbase Admits that a Bug Lead its Verhoging to Overcharge Some Users: After numerous complaints on Reddit, Coinbase fessed up that a system glitch overcharged some customers when they used the webpagina to purchase cryptocurrencies. Some users complained of being charged spil much spil 17x the amount the intended. A Coinbase spokesperson on Reddit wrote that the company is “actively investigating some reports from our customers about unexpected credit or debit card charges appearing on their statements from previous Coinbase purchases.”

Don’t Expect the European Central Canap to Leap on Crypto Regulations Any Time Soon: ECB Voorzitter Mario Draghi does not believe it’s up to the EU’s banking center to introduce regulations for crytpocurrencies. Responding to Twitter questions of the sort te his #AskDraghi movie serious, he succinctly replied, “It’s not the ECB’s responsibility to do that.”

Gibraltar to Introduce World’s Very first Comprehensive ICO Regulations: The Gibraltar Financial Services Commission announced this week that it plans to craft legislation to regulate ICOs within the next few weeks. The draft law will oversee ICO token marketing, sales, and distribution ter the British territory, and it will be the very first legislation to everzwijn directly target ICOs te the world.

Italian Exchange Bitgrail is Insolvent, and Wij Still Don’t Know Why: This past weekend, Bitgrail announced its insolvency to the world after 15-17mln XRB went missing from its wallet reserves. Thing is, Bitgrail’s founder, Francisco Firano claimed that the losses were the result of a hack. Community members (and the Nano team) are not so coaxed, and it’s likely that malicious opportunists have bot exploiting a withdrawal bug on Bitgrail’s toneelpodium for months to take more currency out of the exchange than they actually deposited.

Cryptocurrency Mining on Rhythm to Overtake Household Energy Consumption ter 2018: Mining is reaching critical mass te Iceland. Johan Snorri Sigurbergsson, an employee of energy provider Hitaveita Sudurnesja, calculates that cryptocurrency mining could exceed 100 megawatts, more than the country’s 340,000 residents consume annually. The frigid country has become a hotbed for mining this past year thanks to its cold climate and renewable energy sources.

Related movie: Trio MILLION BITCOINS? | Hack Ex #1

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