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Friday, September 28, 2018
Coinbase / Early Miner / EOS Scam / 1Broker
Bundles of joy
September 28, 2018
QUOTE OF THE DAY 
"The herd instinct is the strongest emotion; especially dangerous in investing."
- Unknown
| COIN | PRICE | 24H |
| | ||
| BTC | $6,641.964995 | +1.85% |
| | ||
| ETH | $225.390437 | +3.02% |
| | ||
| XRP | $0.528915 | +0.59% |
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| BCH | $548.200527 | -3.73% |
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| EOS | $5.803213 | +3.09% |
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*Information as of 9:30 AM EST
Coinbase Introduces Users to 'Coinbase Bundle' to Simplify Crypto Investing
Shooting for simplicity
Yesterday, San Fransisco-based crypto exchange Coinbase announced that it is adding a feature called Coinbase Bundle.
According to Coinbase's blog, Coinbase Bundle is a "convenient way to buy all 5 of the cryptocurrencies listed on Coinbase."
In an effort to diversify, each cryptocurrency in Coinbase Bundle will be automatically weighted by its current market size.
Currently, that includes:
- 75.97% - Bitcoin (BTC)
- 14.90% - Ethereum (ETH)
- 6.07% - Bitcoin Cash (BCH)
- 2.28% - Litecoin (LTC)
- 0.78% - Ethereum Classic (ETC)
A new emphasis on education
Along with Coinbase Bundles, the popular crypto exchange is also looking to educate customers about the power of cryptocurrencies and blockchain technology.
To do this, Coinbase is rolling out a handful of tools that will soon be available as resources for investors.
These new set of tools includes new cryptocurrency learning guides that answer questions such as "What is blockchain?" and "Where do cryptocurrencies get their value?" as well as Coinbase's version of a CoinMarketCap-type database that will provide current and historical coin data.
We agree with Coinbase
At Unbankd, we believe education and simplicity set the foundation for adoption.
Once people understand blockchain, they can see the true potential behind it and become a believer.
If you love what we do each day, please share Unbankd with your friends, family, and anyone who is naturally curious. We are still only unlocking the beginnings of blockchain's potential and we are happy to continue sharing this incredible technology with you all each and every day.
US SEC Files Charges Against Bitcoin Futures Firm for Securities Law Violations
Slapped by securities law charges
Yesterday, 1pool Ltd., also known as 1Broker, was charged by the U.S. Securities and Exchange Commission for violating federal securities laws because the exchange was offering security-based swaps funded with Bitcoin.
Allegedly, 1Broker was caught after an undercover FBI agent was able to purchase security-based swaps on the 1Broker platform without meeting US investor requirements.
According to the report, the SEC is seeking for 1Broker to permanently shut down its business as well as penalties.
Though 1Broker was based in the Marshall Islands, Shamoil T. Shipchandler of the SEC clarified the broker's unlawful actions with U.S. investors:
"International companies that transact with U.S. investors cannot circumvent compliance with the federal securities laws by using cryptocurrency."
Don't mess with the SEC
Recently, the SEC has been working overdrive to take down fraudulent investor schemes dealing with cryptocurrencies, most of which are initial coin offerings gone wrong.
Just this week the SEC announced it is seeking sanctions against the founders of PlexCoin, an ICO that conducted a fraudulent, misleading and unregistered securities offering.
In addition to that case, the SEC also just issued a cease and desist plus a $200,000 fine to Crypto Asset Management for falsely misrepresenting itself as a "regulated crypto asset fund" when it had no such license.
Blockchain Analyst Finds that One of the First Bitcoin Miners has Been Quietly Cashing Out
Bitcoin OG has been cashing out
Antoine Le Calvez, a blockchain data analyst, recently published research finding that one of the first wallets to mine Bitcoin has been selling off some of the first minted Bitcoin.
Le Calvez found that the wallet of interest sent 30,000 BTC to exchanges between December 2016 and January 2018. The mysterious miner was able to mine most of the coins when they were worth less than a dollar and eventually sold some for nearly $20,000.
Could it be Satoshi?
Very few people were mining Bitcoin at the early stages of the cryptocurrency. Anytime a wallet from the infancy of Bitcoin becomes active, people always wonder: could it be Satoshi?
We do know for sure that the earliest Bitcoin's in question sent to exchanges were from December 2009, but this miner could have mined Bitcoin even earlier than that. Some speculate he or she probably sold the youngest coins to be as inconspicuous as possible.
Le Calvez did give his opinion that he does not believe this mysterious miner is Satoshi.
Baidu Releases White Paper for its XuperChain Network
The Chinese Google loves blockchain
Baidu is a Chinese based internet services and products company that is known as the 'Chinese Google' as it is the main search engine used in China. The website is currently ranked as the 4th most popular website by the Alexa Internet rankings.
The company has had a history with blockchain, creating its own protocols, and even developing a blockchain based game.
Newest tech coming out of Baidu
On Thursday, Baidu's Blockchain Lab released the official white paper for its newest blockchain technology which it calls the XuperChain network.
XuperChain will be able to support greater than 10,000 transactions per second and its nodes will use multi-core parallel calculations, maximizing the work of processors, and host sidechains to increase network speeds.
Although Baidu does have about 50 patents for the technology behind XuperChain, the white paper states that it will be open sourced:
"We will further promote the open source and openness of the XuperChain in the future, and provide the XuperChain as an infrastructure to all developers … We look forward to working with the industry to build a trusted ecosystem of blockchains."
- The U.S. House of Representatives passed a bill on September 26 that would establish a crypto task force to combat terrorist use of cryptocurrencies
- Indian crypto exchange Zebpay is halting its trading service at short notice, but stressed its wallet will stay functional.
- The Fan-Controlled Football League (FCFL) announced that legendary NFL quarterback Joe Montana will join the cryptocurrency-powered league as an investor and chief strategic adviser.
Bibox Token (BIX)
Bibox is a decentralized, AI enhanced cryptocurrency and digital asset exchange.
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