Friday, September 28, 2018

Coinbase / Early Miner / EOS Scam / 1Broker

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Here are the 10 most important stories about bitcoin and cryptocurrencies today

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1. Coinbase must help convince the wider financial world that cryptocurrency is a must-have technology if the company itself will survive. That was part of the message in a long story from Fortune about Coinbase and its founder Brian Armstrong. The story looks at Coinbase's origins and its incredible growth these past five years. There is also, though, the underlying theme that Coinbase serves as a major bridge to the larger financial world, and part of Coinbase's mission is to create a compelling long-term case for cryptocurrencies. –FORTUNE

Coinbase must give cryptos larger credibility
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2. One of the first bitcoin miners quietly liquidated a fortune in coins. Blockchain data analyst Antoine Le Calvez revealed that the mysterious miner sent approximately 30,000 coins to exchanges between December of 2018 and this past January. The miner has cashed coins from their youngest blocks of bitcoin to not reveal the full extent of their mining period. The miner earned the coins in late 2009 when they had almost no immediate monetary value. –CCN

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3. EOS has become the new target of fake Twitter accounts. Just like they did with ethereum, these accounts promise to give away free coins. In this most recent scam, the Twitter accounts promise to airdrop 10 EOS tokens for one ethereum – they just need a user's private keys to confirm ownership. Of course, it is impossible to airdrop EOS tokens into an ethereum blockchain, so they hackers end up with control of the user's wallet. –CRYPTOVEST

EOS the new target for fake Twitter accounts
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4. The US Security and Exchange Commission and Commodity Futures Trading Commission are suing a Marshall Islands-based securities deal. The federal agencies claim the firm, 1Broker, violated federal law through a bitcoin-based security swap scheme. The SEC is looking for a permanent injunction against the firm, along with penalties and interest. The CFTC filed charges, claiming 1Broker failed to implement anti-money laundering features. –COINDESK

SEC, CFTC suing 1Broker
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5. Bitmain, Canaan, and Ebang, announced their coming IPOs at a bad time. –CNN

6. Coin Telegraph goes in the weeds of the recently discovered bitcoin core bug to find out exactly what happened. –COIN TELEGRAPH

7. Experts discuss why they believe the crypto market will rally through the end of the year. –COIN TELEGRAPH

8. BlockTower CEO Ari Paul has lost 99.73 of his $1 million bitcoin bet. –BITCOINIST

9. Litecoin saw a nice 8 percent price jump over 24 hours. –AMB CRYPTO

10. Here are some blockchain tips for government agencies. –GOVERNMENT COMPUTER NEWS

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Written and curated by David Stegon. He has been a reporter for 15 years, the past 10 focused on technology. Follow him @davidstegon.

Editing team: Lon Harris (editor-in-chief at Inside.com, game-master at Screen Junkies), Krystle Vermes (Breaking news editor at Inside, B2B marketing news reporter, host of the "All Day Paranormal" podcast), and Susmita Baral (editor at Inside, recent bylines in NatGeo, Teen Vogue, and Quartz. Runs the biggest mac and cheese account on Instagram).

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