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MARKET MANIPULATOR: To cryptocurrency professionals trying to legitimize their industry, market manipulation is a scourge. To 20-year-old Alexey Andryunin, it’s a living. A sophomore at Moscow State University, Andryunin is the co-founder of Gotbit, a firm that specializes in making obscure cryptocurrencies look like they’re being actively traded. For a fee, the two-man shop will program bots to trade a token back and forth with each other on also-ran exchanges until it has enough “volume” to get listed on CoinMarketCap. Explaining why Gotbit is not registered in any jurisdiction, Andryunin was blunt, telling CoinDesk: “The business is not entirely ethical.” Full story
CODER ALLEGATIONS: Former Bitcoin Core developer Peter Todd filed a defamation suit in April demanding the deletion of a tweet that accused him of sexual misconduct. In response, three people submitted statements to the court this week accusing Todd of such misconduct. One alleged victim, “Jane Doe,” stated she stopped contributing to bitcoin projects in order to avoid Todd. The incident is shaping up to be a first-of-its-kind in the bitcoin community, a public incident that could force conference providers and projects to be more active in responding to allegations of misconduct. Full story
TRADER TOOLS: Coinbase is rolling out new signaling tools to help entry-level crypto users understand what seasoned traders are up to, one of which broadcasts the activity of Coinbase’s top traders. “The top holder activity signal is the percentage of Coinbase customers with large balances of an asset (top 10%) who have net increased (bought) or decreased (sold) their positions in that asset through trading over the last 24 hours,” a Coinbase blog post explained. Customers will also be able to see the median number of days an asset is held by traders before being sold or moved to another address, as well as the popularity of assets on Coinbase. Full story
CRYPTO ‘SWIFT’: Japan is said to be leading the creation of an international cryptocurrency payments network similar to banking system SWIFT. A report from Reuters on Thursday cites a source familiar with the effort as saying that the network is aimed to combat money laundering and was approved last month by the Financial Action Task Force (FATF). A team from the international money laundering task force would monitor development of the project, which will be conducted alongside other nations, the source said. Full story
ATM EXPANSION: LibertyX, the company that launched the first bitcoin ATM in the U.S., will expand into 90 retail locations in Arizona and Nevada, according to a statement made Wednesday. With this move LibertyX now operates more than 1,000 bitcoin ATMs across the country. The latest additions are set up in AMPM, ARCO and Chevron gas stations, as well as select Family Dollar stores. A partnership with Desert ATM, a non-bank ATM service provider, will also enable street-level access to bitcoin through users' debit cards. Full story |
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| DEAD CAT? Bitcoin has recovered from the one-month lows it hit yesterday, but the bulls are not out of the woods yet, as buying volumes have dropped over the last 24 hours and we could see a dead cat bounce. Further, short-term technical indicators continue to look bearish: a fall back to $9,000 could be in the offing in the next day or two. The bulls now need prices to break above $11,000 on high volumes, but that looks unlikely right now. Full story |
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| | ‘WINDOWS SV’: A developer has managed to get Windows XP to run on a blockchain , according to a piece from Tom’s Hardware. Specifically, the coder, who uses the tag "sh1zuku," managed to make certain parts of Microsoft’s operating system run on the Bitcoin SV blockchain. Although the error-prone hack is limited in its abilities users can actually play Minesweeper, listen to audio on Winamp and get creative with Paint. |
WHO WON #CRYPTOTWITTER  |
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