Monday, January 14, 2019

Hackers Return Funds / Bitcoin Drops / Adwords / Mongolia

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$BTC (1:28 p.m. EST): $3,720.85 (4.24%) // 90-day high: $6,860.85 // 90-day low: $3,286.14 / / More

$BCH ABC (1:28 p.m. EST): $135.01 (7.77%) // 90-day high: $632.22// 90-day low: $80.95 // More

$ETH (1:29 p.m. EST): $130.04 (10.58%) // 90-day high: $229.12 // 90-day low: $85.11 // More

$LTC (1:29 p.m. EST): $32.62 (6.26%) // 90-day high: $54.64 // 90-day low: $22.09 // More

$XRP (1:29 p.m. EST): $0.33 (5.28%) // 90-day high: $0.53 // 90-day low: $0.28 // More

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

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1. The hackers that performed a 51 percent attack on ethereum classic last week have reportedly returned $100,000 in funds. The exchange Gate.io wrote in a post that the funds had been returned, but did not know the reason why. The exchange attempted to contact the attacker, but did not get a response. That raises the possibility that the hackers did not do the attack for profit. Instead, it was a white hacker who wanted to remind people the risks in blockchain consensus and hashing power security, the exchange said. –COIN TELEGRAPH

Hackers return $100,000 in stolen ethereum classic
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2. The price of bitcoin dipped below $3,500 per coin early Monday before slightly recovering. It was the lowest bitcoin has traded at since mid-December, but also moved it closer to the psychological barrier of $3,000 per coin. Experts have started to blame the 51 percent attack on ethereum classic last week for the latest drop, arguing that the hack scared off some investors. –MARKET WATCH

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3. A startup in Serbia believes Google has started blacklisting the word "ethereum" on advertisements in certain regions. The company said it has used Google Ads for the past six months without issue, but saw any ads with the keyword "ethereum" stopped showing up on January 9. While Google has yet to respond, there is belief that the search giant did not blacklist the word ethereum, but instead has temporarily pulled the advertisements for investigation. Google had promised to crack down on potential cryptocurrency scams after reinstating cryptocurrency-related ads in September. –CCN

Startup believes Google blocking ethereum ads
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4. Bitcoin miners continue to go wherever they can to find a good deal - even Mongolia. The country, known for its cheap electricity and being home to the world's northernmost desert, expects to see more than 1,000 new mining operations open this year. Ginco, originally based in Japan, has moved two mining facilities in Ulaanbaatar, Mongolia's capital. It plans to expand more this year, and will see other competitors – specifically from China – make the move as well in the search for the cheapest energy and the most relaxed governments. –BITCOINIST

More bitcoin miners headed to Mongolia
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5. Famed investor Tim Draper writes about his experience with bitcoin, including purchasing nearly 30,000 coins at the cost of $632 per coin five years ago. –COINDESK

6. Saturday was the 10-year anniversary of the first bitcoin transaction. –FORBES

7. A street mural puzzle in Paris hiding the keys to $1,000 in bitcoin has been solved. –CRYPTOGLOBE

8. The Federal Reserve Bank of St. Louis published a report that argues the rise of altcoins has directly hurt bitcoin. –ETHEREUM WORLD NEWS

9. The bitcoin scaling solution "utrexxo" will allow users to sync bitcoin from their phone. –COINDESK

10. Rep. Tulsi Gabbard (D-Hawaii), who disclosed investments in litecoin and ethereum last year, plans to announce a run for president in 2020. –DAILY HODL

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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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