Tuesday, December 18, 2018

Facebook Scam / Tether / Ethereum Wallets / Coinbase Feature

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$BTC (1:40 p.m. EST): $3,530.84 (0.37%) // 90-day high: $7,382.19 // 90-day low: $3,286.14 / / More

$BCH ABC (1:40 p.m. EST): $99.39 (9.77%) // 90-day high: $703.41// 90-day low: $80.95 // More

$ETH (1:41 p.m. EST): $94.18 (-0.15%) // 90-day high: $365.71 // 90-day low: $85.11 // More

$LTC (1:41 p.m. EST): $28.62 (-2.59%) // 90-day high: $74.80 // 90-day low: $22.09 // More

$XRP (1:41 p.m. EST): $0.33 (4.48%) // 90-day high: $0.61 // 90-day low: $0.26 // More

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

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1. Cryptocurrency scammers have taken to Facebook. Earlier this month, Facebook users noticed that Bitmain, the large bitcoin mining company, began posting comments in random posts. The posts called for some sort of "partnership" tied to bitcoin and requested a currency transfer. Of course, the post was not from Bitmain, but from scammers trying to take advantage of Facebook users. –THE VERGE

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2. Tether is reportedly fully backed with dollar reserves. New bank statements show that Tether's operators have $2.2 billion in the bank, enough to cover the number of coins in circulation. There had been speculation for months that the coin did not have the cash to fully back the coins it had issued. The latest statements show that Tether had the funds in Puerto Rico's Noble Bank at the beginning of this year. –BITCOINIST

Tether has $2.2 billion in the bank
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3. There are now more than 50 million unique ethereum wallet addresses. While the growth in wallets is seen as a larger success, the number of active accounts has dropped significantly. According to data from BitInfoCharts, the number of active accounts peaked at 1.1 million on January 4 of this year. The number has steadily declined throughout the year. There are only 328,400 active accounts as of Sunday. –COIN TELEGRAPH

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4. Coinbase has launched a new feature that allows customers to directly exchange cryptocurrencies for one another. Called Convert, the feature will let users convert between bitcoin, ethereum, ethereum classic, litecoin, 0x, and bitcoin cash. It will be available on both the company's website and mobile applications. Coinbase will charge one percent of the total transaction amount for the service. –AMB CRYPTO

Coinbase allows direct exchange of cryptos
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5. Crypto prices jumped yesterday in what is being called the "Santa Rally." –FORBES

6. Interest from institutional investors in bitcoin continues to drop. –BLOOMBERG

7. A scam claims to help users close an unexplained "exploit" in the bitcoin system. –CCN

8. Some members of the XRP community have come under scrutiny for a research paper they wrote earlier this year. –AMB CRYPTO

9. Blockchain can add a significant amount of transparency to the art market. –FORBES

10. Tagomi launched its prime broker-dealer services for cryptocurrency. –NEWS BTC

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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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