September 26, 2018
QUOTE OF THE DAY 
“Even the intelligent investor is likely to need considerable will power to keep from following the crowd.”
- Benjamin Graham
| COIN | PRICE | 24H |
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| BTC | $6,513.152083 | +1.17% |
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| ETH | $215.007654 | +2.25% |
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| XRP | $0.549216 | +20.31% |
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| BCH | $446.900672 | +2.26% |
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| EOS | $5.371315 | +3.51% |
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*Information as of 9:30 AM EST
Google Lifts Crypto Advertising Ban...Sort Of
A half-hearted apology
Initially, in March, Google intended to target and remove cryptocurrency scams but instead, initiated a blanket ban that removed all crypto-related advertisements from its platform.
Now though, Google has updated its financial products and services policy to allow advertisements from regulated crypto exchanges in the U.S. and Japan, however, other crypto-related startups remain in the dark.
This ad ban, plus similar actions by other tech giants, caused a devasting blow to many credible crypto-related businesses but the new update is definitely a win for regulated crypto exchanges like Coinbase and Gemini.
Is this a surprise?
For some? No. According to Reddit, Google users were receiving Coinbase ads in the midst of Google's supposed "blanket ban".
In addition, Google's move to whitelist regulated crypto exchanges follows quickly after its competitor Facebook implemented a similar strategy of only allowing crypto-related businesses that pass an approval process access to its ad platform.
Let's recap the tech giants and their stance on crypto
For a quick overview, here are the top advertising platforms besides Google and their current stance on crypto:
Facebook: Allows crypto advertising with written permission.
Twitter: Prohibits initial coin offerings and probable crypto scams.
Snapchat: Prohibits initial coin offerings and probable crypto scams.
MailChimp: Prohibits initial coin offerings and crypto marketing but news are still allowed.
U.S. Authorities are Spending Millions Tracking Blockchain Transactions
Big brother is always watching
According to public documents gathered by crypto research firm Diar, U.S. government agencies have spent $5.7 million hiring blockchain forensic contractors. The government started this initiative in fear that cryptocurrencies may be being used for illicit activities like terrorism, money laundering, and drug trade.
Despite numerous studies that found only a small percent of cryptocurrency transactions are used for illicit activities, regulators are still unconvinced.
It is possible that the U.S. government is trying to make a database to match public keys to actual names so that if anything does happen in the future, they will be able to link a wallet to a person.
But aren’t cryptocurrencies anonymous?
No, most cryptocurrencies (including Bitcoin) are not anonymous, only pseudonymous. A wallet’s public key simply acts as a pseudonym for the owner of the wallet. If the public key is able to be linked to a person, all transactions made by this person are transparent, as well as other wallets that they may have used.
Few cryptocurrencies are truly anonymous, Monero and Zcash are lauded as two of the most private cryptocurrencies.
Bitcoin Could Become a ‘Multiple Network’ Currency
Sidechains may be Bitcoin's next feature
Paul Sztorc, director of research at a startup called Tierion, launched a test version of his Bitcoin sidechain proposal on Tuesday. This proposal has been in development for almost three years.
Sztorc's proposal is widely accepted as the best implementation of sidechains for the Bitcoin network.
The proposal, dubbed Drivechain, is brought to life in the form of code by the Bitcoin startup Blockstream.
Sztorc shared in his blog post accompanying the code release:
"If this 'multi-network coin' idea is found to be viable, it has profound implications for the crypto's most salient problems. Bitcoin would be able to copy, without controversy, any technology, including: larger blocks, Turing-completeness, and ring signatures."
What exactly are sidechains?
The concept of sidechains has been around for awhile and has already been implemented in some cryptocurrencies.
A sidechain is a separate blockchain that is pegged to the parent blockchain or what is commonly referred to as the 'main chain'. Assets are able to be interchanged between the sidechain(s) and the main chain.
Sidechains on the Bitcoin network could give the top cryptocurrency many more features and solve some of its major issues. Bitcoin upgrades and changes are heavily debated and sidechains would allow new blockchains to be created with different features while preserving the protocol of the main chain.
Mt.Gox Whale Sells Another $230 Million of Bitcoin to Please Creditors
24,658 Bitcoin sold to the highest bidder
According to a new document released by Mt.Gox bankruptcy attorney Nobuaki Kobayashi, the trustee has offloaded another $230 million made up of 24,658 Bitcoin and 25,331 Bitcoin Cash.
Further, the disposal was made at different times following the 10th creditors meeting that was held on March 7th.
After reviewing the document, Bloomberg estimated that the average price the Mt.Gox creditors got per Bitcoin hovered around $8,100.
Are we there yet?
Well, in 2014 when dominant crypto exchange Mt.Gox was hacked, it lost over 850,000 Bitcoin. Back then, the loss totaled $500 million but would now be valued at more than $5 billion.
However, following the hack, Mt.Gox was able to recover 200,000 Bitcoins and these are the Bitcoins that are being sold to pay back creditors.
So far, over $630 million worth of Bitcoin has been sold to the market by the trustee. But, before the massive wallet is emptied and creditors are happy, another potential $1 billion could be absorbed by the market.
- The developers of open-source cryptocurrency Monero (XMR) have patched a bug that could allow an attacker to “burn” the funds of an organization’s wallet.
- Coinbase has revamped its policy for listing new cryptocurrencies to open the doors for future assets.
- The newly-published sixth edition of Merriam-Webster’s Scrabble Dictionary released Monday includes ”bitcoin” as a playable word for the first time.
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