The comeback from Wednesday’s crypto-slump continued through the night. Bitcoinzipped past $6,470 after sinking to a six-week low of $5,859. Chart-leerer Omkar Godbole says hitting $6,675 would confirm a “bullish” trend.
Pre-forked Ethereum Classic too enjoyed a surge after Coinbaselisted it on its platform. It’s now at a balmy $13.66 after a near-50 percent drop. “Watch this thing PUMP!!!!” ventured one commentator.
If $etc is not over 20$ within 24 hours from now, i will give 1etc for everyone who shares this tweet! I know what im talking about, watch this thing pump!!!! #etc
Coinbase may have given ETH—which saw a three percent price rise—a boost, too. Toshi, the token’s dedicated wallet and browser, has been rebrandedCoinbaseWallet by the California-based exchange, leading to a price bump. Proponents say the makeover is a boon for adoption and brings better security. Detractors say that until the wallet supports Bitcoin it’s "pointless."
This is pointless without support for BTC. You might as well make a website that doesn’t work with Chrome.
As crypto prices rebounded, images of a meet-and-greet between Binance CEO Changpeng Zhao and Ripple veep Ethan Beard—and, weirdly, TechCrunch founder Michael Arrington—prompted furious speculation. Will Binance take the steadily rising Ripple on as a base currency? Zhao, sadly, doesn’t want to “reveal too much.” (This tweet was later removed, inferring that maybe he did.
Bitcoin statistics: $111 Billion market cap $4.7 Billion 24 hour volume 52.3% market dominance Long live the king.— Pomp 🌪 (@APompliano) August 17, 2018
You're Adopted
Bitcoin Cash, too, got its own (sort-of) boost. Ethereum co-founder Vitalik Buterinconfessed his dreams of using Bitcoin Cash—spurning his next of coin Ether—for everyday purchases.
The brighter outlook in prices over the last 24-hours hasn’t stopped cloud-mining platform Genesis Coin from forcing its low-paying customers to upgrade to premium subscriptions as a result of Bitcoin’s poor performance in 2018.
Crime Corner
Norwegian crypto-mining company Kryptovault meanwhile, has a trickier problem: a bomb threat. The would-be terrorist accused Kryptovault of making too much “noise.” Police are looking into it.
“This is sabotage. If you are expanding crypto mining and filling the country with noise, then you will be sabotaging the peace. I am threatening to send you some explosives”. An anonymous threat sent to Kryptovault's offices
Police might want to look into this one, too: Millionaire crypto-investor Michael Terpinlost $24m in crypto-savings when a hacker in cahoots with an AT&T “insider” gained access to his cellphone. He’s now suing the provider for $224m. AT&T’s lawyers “look forward” to litigating the case.
UK courts, on the other hand, may have taken justice too far by freezing the assets of legal crypto-buyers. A new breed of anti-crypto intolerance appears to have emerged, with Clydesale Bank snidely referring to frozen-out investors as “these people.”
In a more wholesome courtroom drama, “media and lifestyle” empire Playboy is suing Canada’s Global Blockchain Technology for failing to complete a token-based rebrand of its media platform without, er, including any reference to “porn.” GBT dismissed the spat as a “normal dispute.” Who knew Bunnies were bullish on blockchain too?
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Crypto sleuthing firm Chainalysis has added support for Crypto.com’s Cronos blockchain, its native coin CRO, and all CRC-20 tokens that trade on the Cronos chain to its Know Your Transaction service.
This marks the latest upgrade to the Chainalysis KYT service, which flags suspicious and high risk transactions for compliance teams at traditional and crypto financial institutions. The service counts Robinhood (HOOD), BNY Mellon (BK), PayPal (PYPL) and Genesis among its clients.
Cronos is an inte...
It's pretty well known that lots of crypto people have moved into Clubhouse, the hot, audio-based social media platform. The biggest group? Black Bitcoin Billionaires, which claims 17,000 members.
Now Square Inc., via its CashApp, is partnering with the group's organizer, Lamar Wilson, to create more Black millionaires through Bitcoin via “Operation: Satoshi Millionaire.” The month-long campaign began February 4 and focuses on getting Bitcoin into the hands of more Black families, and educating...
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Poyo no! There’s a scammer running amok on Augur. “Poyo,” a mysterious figure associated with a wad of defunct markets, has been exploiting the prediction market’s “invalidity rules,” in which funds staked on badly worded/constructed markets are redistributed evenly to bettors once the market is shuttered. By deliberately designing these markets to guarantee their failure, Poyo has been profiting off this redistribution of funds...