Tuesday, November 13, 2018

Target Twitter / Norwegian Mine / Constantinople / SEC

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

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1. Hackers briefly took control of Target's twitter account to run a bitcoin scam. They used the account to push a malicious bitcoin giveaway to the store's more than two million followers. The tweet, which has since been deleted, encouraged users to send a small sum of cryptocurrency for a chance to enter a $30 million giveaway. –THE NEXT WEB

Hackers take over Target twitter to run bitcoin scam
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2. Northern Bitcoin, a Norwegian bitcoin company, has cut bitcoin mining prices in a novel way – by setting up operations in a literal mine. The company has set up operations in a former metal mine in Norway. The idea might not be so crazy. The mine is naturally cold and can use water from a nearby fjord to further cool equipment. It also has access to renewable hydroelectric and wind power for cheap electricity. –BITCOINIST

Norwegian company sets up bitcoin mine in a mine
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3. Ethereum's Constantinople upgrade could happen in mid-January. Developers proposed a new timeline at the latest developer meeting with January 12 and January 16 offered as potential dates. The developers agreed that the upgrade, which will introduce five Ethereum Improvement Proposals, should happen after the holiday season. –ETHEREUM WORLD NEWS

Constantinople could happen in mid-January
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4. The US Securities and Exchange Commission has scrutinized the founder of EtherDelta for not registering with the agency. EtherDelta serves as a secondary marketplace for ERC20 tokens. Since the tokens were classified as a security, the company was required to register with the SEC or request an exemption. By failing to do so, company founder Zachary Coburn has agreed to pay the commission $300,000 – the amount of money the company made from its transactions – along with $13,000 in interest and a $75,000 penalty. –SMARTEREUM

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5. An Arizona man has been fined $1.1 million and sentenced to 15 months in prison for his part in a bitcoin scheme. –COIN TELEGRAPH

6. Here are five ways that hackers will try to steal your bitcoin, including the use of Trojan horses and social engineering. –THE NEXT WEB

7. Bill Barhydt, a former cryptographer at the CIA, said bitcoin is perfect for running a "shadow banking system." –DAILY HODL

8. A $62 million transaction was processed on the litecoin network for only 50 cents. –COINGAPE

9. Video: A condominium in Manhattan has been sliced into digital shares and stored on the blockchain. –BLOOMBERG

10. John McAfee is sticking to his $1 million bitcoin prediction. –INVEST IN BLOCKCHAIN

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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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