Tuesday, March 12, 2019

Bitcoin Volume Questions / Texas Bill / Communist Manifesto / $230 Million Moved

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$BTC (1:16 p.m. EST): $3,916.12 (0.46%) // 90-day high: $4,238.41 // 90-day low: $3,286.14 / / More

$BCH ABC (1:16 p.m. EST): $129.65 (0.39%) // 90-day high: $218.09// 90-day low: $80.95 // More

$ETH (1:16 p.m. EST): $134.31 (-2.05%) // 90-day high: $160.13 // 90-day low: $86.08 // More

$LTC (1:16 p.m. EST): $56.82 (-2.48%) // 90-day high: $52.69 // 90-day low: $22.09 // More

$XRP (1:16 p.m. EST): $0.31 (0.02%) // 90-day high: $0.43 // 90-day low: $0.28 // More

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1. Researchers at data science company Integrity said there is a "high likelihood" that 88 percent of bitcoin's trading volume in February was false. Integrity draws attention to OkEX, Bit-Z, Huobi, HitBTC and a handful of other unregulated exchanges as have a large discrepancy between its reported volume and what Integrity believes is its true volume. "[We built] a system that collects low-level market data from exchanges (order books as well as trades). It allows us identify what no one is able to find on charts or by the analysis of trades and volumes," a research team member said. –NEWS BTC

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2. Phil Stephenson, a Republican member of the Texas House of Representatives, introduced a bill that would ban anonymous crypto transactions. His bill would make it illegal for people to send cryptocurrency to one another unless their identities are known. The bill also would encourage state departments to provide tools to distinguish between verified and unverified crypto users, along with train law enforcement in cryptocurrency and blockchain. –THE DAILY HODL

Texas lawmaker introduces crypto bill
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3. The team at Vice used the Blockstream satellite to beam the part of the "Communist Manifesto" around the world and into outer space. Using a lightning-enabled app, people can now send any message to the satellite for a small bitcoin fee. Writer Jordan Pearson sent the passage, ""The proletarians have nothing to lose but their chains," because as he put it, "Why the hell not? We live in a world where this is possible, my friends." Have you sent a message to the Blockstream satellite? Should we try to send one? Hit reply and give us some ideas. –VICE

Vice beams Communist Manifesto into space
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4. The owner of the fourth largest bitcoin address emptied more than $230 million from his or her wallet at the end of February. The mysterious wallet was opened in October 2014. It held as many as 113,000 BTC before selling some coins when bitcoin reached its all-time high in December 2017. Trustnode reports the whale moved the remaining 60,000 BTC coins through a bunch of smaller transactions. –FX STREET

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5. Medici Ventures, a subsidiary of Overstock, secured a 5.1 percent stake in Bankorus, a blockchain banking platform. –BITCOIN EXCHANGE GUIDE

6. Crypto miners fled to Upstate New York last year to take advantage of cooler temperatures and cheap electricity but now the market has gone bust. –GOVTECH

7. XRP continues to see adoption as a cross-border payment method with 19 companies now using it for that purpose. –FX STREET

8. Bae Yong-joon, a popular South Korean actor, has invested in blockchain-based seafood trade startup Seamon, a company name he might want to urge the founders to change. –COINDESK

9. MyEtherWallet released the alpha version of its new open source Ethereum blockchain explorer, EthVM. –COIN TELEGRAPH

10. Ground X, a subsidiary of messaging giant Kakao, has raised $90 million in an ICO. –COINDESK

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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: Kim Lyons (Pittsburgh-based journalist and managing editor at Inside) and Susmita Baral (senior editor at Inside, who runs the biggest mac and cheese account on Instagram).

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