This is a short recap of just.. 3 days. If you want to know more about chosen topics use google or check my previous posts (most stuff is covered there as the story develops).
BTC-E Goes Down
Posted yesterday, its their longer downtime now. Connected to arrest of their friend, rumour says they have to move everything and change after the arrest. But also its possible they wont come back and money will be gone.
MtGox Hacker Arrested
Lots of mixed infos on this now but here is current recap of all sources i have:
guy wasnt the hacker but knew owners of exchange and helped to lounder stolen coins from few exchanges on BTC-E.
SEC Calls ICOs Securities
Due to DAO Hack USA decides to protect people from bad investments and calls them Securities which puts extra laws on those. ETH stil lcalled currency and now most coin crews just make sure to edit stuff to be shown not as security.
https://www.sec.gov/oiea/investor-alerts-and-bulletins/ib_coinofferings
Genesis Mining Hacked
This site is most shilled for mining and they got hacked and lost funds yesterday. The ysay withdrawals will be back soon.
Bittrex to Give BCC to Users
BCC is the chain split of BTC into altcoin called BCC that will happen 1st August.
Shaolinfry Quits LTC
Hes the guy who helped to code up SegWit activation for LTC.
Rassah Quits Mycellium
Ive been not recommending Mycellium since long time but seems now team is splitting too.
Follow, Resteem and VOTE UP @kingscrown creator of http://fuk.io blog for 0day cryptocurrency news and tips! |
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WIld west
LTC news was interesting. Any more background on why the developer moved on?
STEEM On!!
Just want an opinion. We already have a BCC token on coinmarketcap.com which is Bitconnect (MLM coin) so what happens when 2 token have the same ticker?
Thanks for sharing.
jrlo is right!! Thanks for this post!! With so much going on the the crypto space it's hard to keep up.
Great post. I had a chance to talk with a lot of investors from the BTC-e site. Here's another story about BTC-e
https://steemit.com/cryptocurrency/@haiduong/btc-e-suspended-who-lost
Excellent summary report of what's going on in Cryptocurrencies.
Thank you for sharing.
@Yehey
This post received a 2.6% upvote from @randowhale thanks to @yonny! For more information, click here!
Hey, how do you think btc-e going down will affect btc price? Will we see a dump or the ammount of bitcoins that is no longer in circulation will maybe make the price go up?
Thank you for presenting important information in your post is very useful for us all and have given the impression here, i am very happy to see this post hopefully you always can menberi and make like this, hope you always succeed and get the achievement like that Have you hoped
enough news to make your head spin, slightly more than any other week, but these stories seem more able to influence prices of certain coins.
Even if it's shocking, we all kinda got used to it, considering past occurings
I think we will continue to see these kinds of things as the crypto communities become more and more main stream. Unfortunatley, that is one of the downsides, whenever there is money in something for people to take advantage of, that is where the hackers and scammer will be
Very true, but it was the same during the Tech bubble 1995-2000, and we see just how the world changed from that. All the new innovation came from the demise for companies like Pets.com, eToys.com etc.
Right now we'll see a lot of garbage companies/tech that will get shaken off the crypto tree over the next few months.
Is it always calm before a storm?
Maybe the saying is not true or maybe there is no storm on August 1th!
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Nice to see that Litecoin didn't lose any value since that announcement!
A lot of madness has been happening with the crypto space lately it just means that the security needs to be tightened up! Unfortunate with genesis though, they're a solid company and I'm glad they were honest about being attacked this makes me trust the company even more (I know its funny right) but that shows integrity and so I'll def stick with them eventhough I'm behind like 5 payouts.
Exactly my thoughts.
Everyone is excited about expansion and profits in the cryptocurrency world, and security is getting less attention than it deserves.
I almost lost a few coins on a wallet the other day. It reminds me of that this thing takes a lot of time until average joe can use it without worryinga bout the security of exchanges or wallets etc.
Yea definately
Wow.. I'm just holding. Curious to see what will happen.
Things shouldn't always go smooth
It's been a crazy week, and don't forget about LedgerX,: “On Monday, a bitcoin options exchange called LedgerX won approval from the Commodity Futures Trading Commission to clear bitcoin options, making it the first U.S. federally regulated platform of its kind,” reports The Wall Street Journal.
I didn't know Genesis was hacked. Would have been nice if they would have disclosed that information.
Great info brother. Thanks for posting it all in one place here.
Actually Genesis-Mining themselves announced the hack. You can read it here :
http://blog.genesis-mining.com/genesis-mining-service-update
It seems to be under c
Don't forget this one.
https://steemit.com/bitcoin/@aleph/rothschild-yellen-and-the-bitcoin-guy-did-we-get-fooled-how-deep-does-the-rabbit-hole-go
Really crazy whats going on. I will be glued to my seat come August 1st to see changes. People are saying Bitcoin down under $1,000? Time to sell? @kingscrown
That's what THEY want
There's too much hype around august 1st. This is a long game. Look at the big picture and you'll sleep better. Hold on to your coins, diversify and don't keep them at an exchange.
Why not keep them on an exchange? Would you kindly elaborate.
Exchanges are magnets for hackers. They have the control of your security keys. Its ok for a moderate amount but don't put all your eggs there.
I wouldnt sell but we are at historical point so nobody can predict whats up.
If you sell you wont get your BCC tokens.
I have no idea what will happen :)
What about this news ?
https://steemit.com/bitcoin/@aleph/rothschild-yellen-and-the-bitcoin-guy-did-we-get-fooled-how-deep-does-the-rabbit-hole-go
Agreed
With all the shit going on today, I'm not sure I even want to get out of bed tomorrow.
PLEASE do more posts l;ike this!!! maybe I should do them too because theres SOOO much to keep track of right now!!!!!!
But this iwas SO useful
Your actualy creating posts more valuable than any bitcoin news website with its paid articles and ads, ur blog is WAY better !
and i hope you start making $1000 off each of these type of posts !!!
SO HELPFUL!
You missed one:
The arrested "Mt.Gox hacker" ran BTC-e!
The man and his company both face criminal charges with potentially enormous penalties. I wrote a piece detailing the indictment: https://steemit.com/bitcoin/@olyup/btc-e-exchange-founder-faces-385-years-in-prison
Don't expect any of those funds to return any time soon - maybe never!
Its been a busy week!! Fingers crossed for some stability next week and maybe a gradual return to higher prices! Although it may be all the excitement that keeps us all around and not investing in the bond market!!
It's to the point where I can't possibly keep up with all the crypto news. It's crazy.
Thanks for this post .......:) :)
I UPVOTED you
you can see my blog @jyotirmay
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Good work like always ! Thanks Kingscrown !
Why the $BCC Fork Will Cause a Short Squeeze in Bitcoin That Affects You
There is no guarantee, or even strong likelihood, of that happening. For the same reasons we could see a crash that bottoms out around August 1 or 2 and then a climb back up.
And yet Bitcoin just keeps going up. What happened to the hard fork flashcrash? Sorry, I'm asking rhetorically because I'm really asking myself.
I think all of this was bound to happen. Now that crypto is becoming extremely popular, almost to the point that Bitcoin is a household term, security and privacy are going to be challenged on multiple platforms. I think this is just going to make everything better for investors and actual users of the coins in the future.
Bubbleboy vs mudpie theory from aantop at work!
Holy shit... this resembles an anarchy that may occur if the power grid went down out in the tangible world...
Thanks for the cool and very useful summary of the news on the crypto world... Reading all that did make my heart rate go up... bitcoin and now even litecoin is worrying me.
I had no idea that Bittrex was going to distribute BCC - I hope Poloniex does as well.
That feeling you get when you move your money away from an exchange that then goes down for "unplanned" maintenance. Hope anyone else that still has money with them are able to get it back.
Thank you for the post! This was definitely an agitated week, especially for SEC's order I am pissed about that. What do you think will happen with onG social and its onGcoin ICO? It is not a normal ICO since it has been up and running for sometime now.
BTC-e exchange associated with arrest in Greece - in the case of money laundering through bitcoin
https://steemit.com/news/@niceviewsua/btc-e-exchange-associated-with-arrest-in-greece-in-the-case-of-money-laundering-through-bitcoin
Glad to hear Bittrex providing $BCC for their users.
Stolen all ETH on BTC-E exchange ! Please support post will follow back and upvote ! Please resteem !
https://steemit.com/news/@niceviewsua/transferred-all-eth-94-5-m-usd-from-wallet-of-btc-e-exchange
This is madness
I find it awefully strange that all this happens within a few days of each other right before segwit gets implemented and bitcoin should moon. Seriously what is going on??
First come the pawn moves, then the real game begins!
What does that mean? I don't know, but it sounds profound!
I'm thinking with all these news, the crytocurrency market is being cleaned out of its anarcho capitalist old guard to make way for the more mainstream future. With exchanges with lax KYC rules like BTC-E being closed down along with shutdown of darknet marketplaces like AlphaBay and Hansa . The market is shedding its shady past to accept a more corporate future
There is also the case of the biggest BTC mixer closing and urging others to close down also saying Bitcoin has no future with drug/weapon traffic or any other illegal activity. I'm thinking it is getting hot for the businesses who try to protect the identity of its users
https://news.bitcoin.com/one-of-the-largest-bitcoin-mixing-services-closes-its-doors/
A centralised agency who will regulate ICO's is not good news. I know people have been hacked but they should be educated on "why they were hacked?" Or where did the missed out details?
So that they can learn from it be educated investors.
All centralised autonomous agencies have a history on serving only the rich.
I would like to quote Andres Antonopoulos
Here is the video where he says this
Hello! My name is @murasaki and I will be translating your post into Spanish, thanks for your contributions, in each post I will respect your authorship and place your user
So it seems what made crypto currency a success may also be what could potentially bring it down. Now the people wants thighter regulations etc... Sounds familiar?
Probably will be a great time to buy btc after 1 august, hopefully the price will decrees, I am very curious what will happen with his value.
Best thing you can do is follow the banks and their money (it's really our money they stole, but for the sake of this post we'll say it's theirs.) There are major banks buying up major amounts of coins as we speak as the prices fall. Banks have never invested heavily in something if they didn't know it would succeed. It's always been that way. Do your own research.
Things be moving and shaking!
Just wait. A few days, and that BCC fork, and we'll be looking at enough drama to write a soap opera!
I personally have just started getting into the world of crypto and so far its a blast. That being said, because I just started, I do not have much invested in the market yet but the future seems bright for it and I cannot wait to really sink some time and money into it! Great and informative post!
Interesting updates in the cryptocurrency space, thanks for sharing great content we can all benefit from
Hi, and thanks for some very great info. New to all this here. So getting around and trying to read up on alot of GREAT info on steemit. I will definitely be following your posts. Upvoted and followed.
shutdown of BTC-e may affect the price of Bitcoin and other coins as the coins circulation will not enough.
Seems everyone is scared and nobody knows for sure what will happen.
This reminds me of 1999 and the 'millennium bug'
Nothing happened then and I think nothing will happen now.
Great buying opportunity if you have the money!