Wednesday, July 11, 2018

📌 Malta's Making Moves, Leaked Billionaire Rant, and a Google-Cardano Partnership?

 MUST READS 

'Decentralized' Crypto Exchange Hacked - $12.5M in Ether Stolen


Earlier this week, Israeli exchange Bancor became another victim to a crypto security breach – suffering a loss of approximately $24M worth of crypto.

The good news: The support team was able to secure some of the stolen funds in a quick and timely manner.

The bad news: Their team activated a feature of their smart contract allowing them to freeze the stolen BNT tokens.

News of this so-called "kill switch" – allowing the team to mitigate damages – quickly caused a wave of commotion throughout the crypto community as it meant Bancor wasn't as decentralized as they had claimed.

Here's a notable response from the one and only Charlie Lee of Litecoin (LTC).
 

📜 The Ten Commandments of Crypto Security


Early crypto adopters listen up: Security is something we have to always be aware of. Staying up to date with the latest updates and technology is a daily grind. Follow these ten commandments, and you'll be way ahead of the game.
 

The Metal Detectors of the Digital Age


About a fifth of all bitcoin ($20B) is missing and likely to be never seen again. But what if some of that money could be recovered?

Certain firms are coming to the rescue to become self-proclaimed crypto hunters, but they won't do it for free. Here's the rundown. [paywall]
 

 DEEP DIVE 

🔊 Leaked: China's Richest Bitcoin Billionaire Foul-Mouthed Rant on Crypto 'Cheaters'


A 50-minute recording of the controversial Li Xiaolai, an English teacher-turned venture capitalist, was leaked to the internet on July 4th.

Considered a celebrity in China (one of the first Chinese investors to publicly collect Bitcoin, and oversaw the biggest ICO in China's history), Xiaolai made scathing attacks against some of the country's biggest crypto start-ups, calling some scams and cheaters.

Needless to say, China's crypto community wasn't too happy about it. We've managed to find the English 📝cliff-noted version of what was said.
 

Ari Paul's Updated 2018 Prediction Thread


In a small Twitter thread, one of our favorite fundamentalists Ari Paul talks about the good and bad calls he's made so far in 2018... while also providing updates and further predictions for the second half of the year.
 

The Utility vs. Store of Value (SoV) Argument


Not buying into the relationship between store of value and utility? In this deep dive, Qiao Wang dives into the numbers that present a different yet interesting perspective.
 

 SPONSORED 

Yours FREE: Get Former Hedge Fund Manager Teeka Tiwari's Top #3 Crypto Recommendations for July 2018


Register for this exclusive FREE event, The Great Cryptocurrency Conspiracy of 2018. You'll get 3 FREE cryptocurrency recommendations from Teeka Tiwari, the expert who has arguably helped more people make money from cryptos than anyone else in America…

Teeka's past picks have given readers the chance to cash out with gains of 2,050%, 11,318% and over 14,000%. And as part of this special live event, you'll also have the chance to claim a share of $2 million in Bitcoin as part of our exclusive giveaway… Click for the full story.
 

 REGULATORY FRONT 

🇲🇹 Malta to Host 'World's First ICCO'


Malta is officially the first country to establish a FULL regulatory framework for distributed ledger technology. And the recent passing of these three bills has played a huge role.

The favorable regulatory framework has opened for the doors for many exchanges and projects striving for this "legal certainty".

Take Malta-based company Palladium... They just joined forces with leading exchange Bittrex to announce the first ever ICCO – allowing investors to convert tokens into company shares at a later date. Here are more details.

 

🇰🇷 South Korea Will Officially Legalize Cryptocurrency and Blockchain-Based Industries


After outlawing crypto trading and then rolling back some of its regulations, South Korea is gearing up to fully legalize trading once again.
 

 CHART OF THE WEEK 

POA Network (POA) has formed a nice reversal doji on the daily at the same support level from late June. We've got a double bottom in price action... a double bottom on the RSI... as well as a strong RSI trend. But this still remains as a high risk trade as the moving averages aren't in our favor.

Other Articles You May Enjoy

If you loved this newsletter, send it to a friend.
If you hated it, send it to an enemy.
The CoinSnacks weekly digest is a manually curated newsletter that delivers fresh content covering cryptoassets and the evolving blockchain community for investors around the world. The digest is curated by CoinSnacks employees and sent once a week.
CoinSnacks | 5500 Military Trail Suite 22-250 | Jupiter, Florida | 33458

Unsubscribe | View in Browser

Square / HTC Exodus / Opera / Cosplay

Subscribe | View in browser

Here are today's ten most important Bitcoin stories, efficiently ranked & summarized by smart humans, not algorithms:

$BTC (1:47 p.m. EST): $6,398.05 (0.05%) // 90-day high: $9,927.71 // 90-day low: $5,755.25/ / More

$BCH (1:47 p.m. EST): $699.98 (0.38%) // 90-day high: $1,786.80// 90-day low: $608.37 // More

$ETH (1:47 p.m. EST): $441.07 (0.36%) // 90-day high: $831.65 // 90-day low: $365.43 // More

$LTC (1:48 p.m. EST): $79.00 (3.31%) // 90-day high: $251.03 // 90-day low: $73.12 // More

$XRP (1:48 p.m. EST): $0.44 (0.04%) // 90-day high: $1.20 // 90-day low: $0.43 // More

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

Facebook gray   Twitter gray   Email gray   Permalink gray

1. Square Cash continues to grow even as the price of bitcoin has declined. Square has aligned its Cash app closely with bitcoin in recent months, allowing customers to more easily use the cryptocurrency for transactions. Bitcoin has helped the app grow, but new analysis from Nomura Instinet argues Square Cash can succeed even without bitcoin. "Square is more than just a bitcoin play," Dan Dolev, executive director of Nomura Instinet, said. "A lot of people were worried because it went up with bitcoin, but instead it's decoupling." -CNBC

Square Cash grows despite bitcoin drop
Facebook gray   Twitter gray   Email gray   Permalink gray

2. HTC’s blockchain-powered phone, the Exodus, will be released by the end of the year. Phil Chen, HTC's chief content officer, said the phone will be comparable in cost to the Finney, the world’s first blockchain-powered phone, which costs around $1,000. HTC has seen slumping sales in the past year and recently laid off 1,500 employees. The company is hoping the Exodus can rejuvenate sales. “We envision a phone where you hold your own keys, you own your own identity and data, and your phone is the hub,” Chen said. –THE VERGE

HTC blockchain phone to be released by end of 2018
Facebook gray   Twitter gray   Email gray   Permalink gray

3. Opera, the company behind the popular Opera web browser, has created a browser-based cryptocurrency wallet for smartphones. The wallet is built into the latest version of the Opera browser for Android devices. It is currently being tested in private beta. Interested users can sign up for access on Opera’s website. –VENTURE BEAT

Facebook gray   Twitter gray   Email gray   Permalink gray

4. Cure WorldCosplay, a leading cosplay platform, will use blockchain to help users monetize their work. The site wants to create a specially designed Cosplay Token that would make it easier for players to receive payments. The blockchain would be used to record payments and revenues can be distributed through smart contracts. The company is also exploring ways that blockchain can help reduce online abuse toward cosplay performers, and to build trust within the community. –COIN TELEGRAPH

Cosplay site looks to blockchain
Facebook gray   Twitter gray   Email gray   Permalink gray

5. CoinGate, a cryptocurrency payment gateway, has launched a pilot program for 100 merchants to test transactions on a Bitcoin Lightning Network variant. CoinGate, a cryptocurrency payment gateway, has companies from gaming websites, betting platforms, and online stores taking part in the program. Rytis Bieliauskas, the CTO of CoinGate, said the program “allows [them] to be the first ones to test the Lightning Network in real life, and therefore to gather valuable experience on how this technology works, how it can be improved, etc.” –COIN TELEGRAPH

Facebook gray   Twitter gray   Email gray   Permalink gray

6. Augur, a blockchain-based predictions platform, has been launched for the general public. The platform allows users to launch their own events and bet on them. This set up allows for Augur to offer a diversity of betting topics not typically covered on traditional prediction markets. Users can create wagers on any type of event from traditional contests, like sports, to awards and election results. -FORTUNE

Augur launches for general public
Facebook gray   Twitter gray   Email gray   Permalink gray

7. Here are four methods to sell bitcoin and other cryptocurrencies. While the hodl movement remains strong, there are techniques for liquidating crypto assets. –FINANCE MAGNATES

8. Check out this story of a once-believed $40 million bitcoin heist that turned out to completely bogus. Yes, a man did commit a crime, but it involved stealing $150 and not in bitcoin. –PHILLY.COM

9. A Los Angeles trader known as “Bitcoin Maven” was sentenced to a year in prison for operating an unlawful money business. She illegally exchanged millions of dollars in cryptocurrency through the LocalBitcoins platform. -COINDESK

10. TenX CEO Julian Hosp believes bitcoin can still hit $60,000 per coin this year. Hosp admits bitcoin will need a “massive positive event” to make that price possible, but he is optimistic it can still happen. –NEWS BTC

Facebook gray   Twitter gray   Email gray   Permalink gray

From the Forums

This is the time to buy bitcoin.

Talking about Opera’s news.

New Ledger wallet does not recognize Bitcoin Cash.

Facebook gray   Twitter gray   Email gray   Permalink gray
Copyright © 2018 Inside.com, All rights reserved.

Our mailing address is:
Inside.com
767 Bryant St. #203
San Francisco, CA 94107



Did someone forward this email to you? Head over to inside.com to get your very own free subscription!

You received this email because you subscribed to Inside Bitcoin. Click here to unsubscribe from Inside Bitcoin list or manage your subscriptions.