Thursday, November 1, 2018

MapleChange / Gab ICO / Morgan Stanley / Grayscale

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

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1. MapleChange has returned to social media just days after quickly disappearing after announcing it lost more than $6 million in a hack. The exchange said it has created a Discord server to process refunds. However, MapleChange's social media accounts said it could not return bitcoin or litecoin, causing anger among users who believe the exchange was not hacked, but instead is trying to steal their money. –CCN

MapleChange reappears on social media
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2. Gab, the alt-right social network at the center of the Pittsburgh Synagogue shooting, raised $5.6 million through an ICO in September. The site raised the funds as part of a larger effort to free itself from traditional infrastructure and support mechanisms. Its hosting company, Joyent, and other online service providers such as PayPal have since suspended the site. Gab raised the funding on the ethereum blockchain to remove itself from the grasp of centralized authorities. –FORBES

Gab held ICO in September to raise funds
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3. Morgan Stanley called cryptocurrency a new institutional investment class in a recently released report. The bank spent the past six months studying bitcoin and other cryptocurrencies. The report was flattering, defining bitcoin as "digital cash" and nothing that investors had full confidence in it. The report also said bitcoin could be a solution for issues in the currency financial systems, as well as a new payment system. –COINDESK

Morgan Stanley calls bitcoin new institutional investment class
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4. Cryptocurrency investment firm Grayscale has brought in $330 million despite the overall drop in crypto prices. The amount is 13 times more than the company did in the previous year, and the most it has ever raised in its five-year history. "Investors are taking the pullback as an opportunity to increase their exposure," says Michael Sonnenshein, Grayscale's managing director. –CNBC

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5. Wired offers a retrospective on bitcoin as the coin celebrates its 10th birthday. –WIRED

6. JP Morgan CEO Jamie Dimon says he doesn't "really give a s**t" about bitcoin. –THE VERGE

7. Civil, the cryptocurrency that hoped to help journalists, has faltered so far. –THE NEW YORK TIMES

8. The Wall Street Journal follows a man who sold everything he had for bitcoin. –THE WALL STREET JOURNAL

9. The New Zealand government invested $330,000 in a crypto savings firm. –NEWS BTC

10. Researchers have unearthed a cryptocurrency ransomware scheme. –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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