Wednesday, November 7, 2018

Hackers / Overstock CEO / Marshall Islands / Hublot

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

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1. Hackers altered the code of a popular online analytics tool in an effort to steal bitcoin. The hackers added malicious code to StatCounter, a Google Analytics-type web traffic-monitoring tool. The new code was embedded on more than 688,000 websites. It made it that whenever a person tried to send cryptocurrency from the exchange Gate.io, their browser would automatically replace the user's address with one owned by the hackers. –THE NEXT WEB

Hackers alter StatCounter code in effort to steal bitcoin
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2. Overstock CEO Patrick Byrne still expects mass adoption of cryptocurrencies. He said in a recent interview that more and more governments have turned to crypto in times of trouble. As the global financial system continues to face problems, Bryne believes that will lead more to crypto. "Given that I think the entire modern financial system is a big Keynesian, magic money tree Ponzi scheme, I do expect that the day will come when people turn to crypto," he said. –FORBES

Overstock CEO believes crypto will see mass adoption
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3. Dr. Hilda Cathy Heine, president of the Marshall Islands, is under attack for her support of a national cryptocurrency. Eight senators from the island nation introduced a motion of no confidence. Heine has supported creating the cryptocurrency despite arguments from the International Monetary Fund, which argued the costs of a coin outweighed the benefits. –BITCOIN.COM

Marshall Islands president faces challenge over crypto policy
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4. Watchmaker Hublot has a new $25,000 watch that can only be purchased with bitcoin. The Meca-10 P2P was created with bitcoin in mind. The company will engrave the blockchain transaction number on each watch. Hublot will also only make 210 pieces, a reference to bitcoin's 21 million global limit, and plans to conduct background checks on every buyer to minimize potential scams. –ENGADGET

Hublot offers crypto watch for $25K
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5. Two London-based cryptocurrency analysts put bitcoin's chances of reaching $10,000 per coin by June 2019 at 19 percent. –CCN

6. The Malta Blockchain Summit drew 8,500 attendees. –FORBES

7. Investors have stopped shorting bitcoin. –COINDESK

8. A report from Morgan Stanley shows institutional investment in bitcoin has increased. –COIN TELEGRAPH

9. Bitcoin's market share has dropped to a monthly low following, price surges of bitcoin cash and ripple. –CCN

10. A Canadian university disabled its entire network after crypto-jacking software was found. –THE NEXT WEB

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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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