Author: Jamie Redman

California Bill Aims to Recognize Blockchain Records

News The state of California has introduced a new bill that aims to recognize blockchain transactions, digital signatures, and smart contracts as a legal form of record. Assemblyman Ian Calderon introduced Assembly Bill 2658 on February 20 in order to re-define laws that apply to electronic records that take place within the state.   Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten California State Assembly Person Introduces Blockchain Record Keeping Bill   An American lawmaker serving in the California State Assembly in the 57th district, Ian Calderon, wants blockchain records, and smart contracts to be covered under...

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Markets Update: BTC Prices Dip Below $10K

Market Updates BTC prices and a vast majority of other cryptocurrencies have taken a significant dive over the past 24-hours as the entire crypto-economy shaved $75Bn from its recent highs this week. BTC/USD markets dropped to a low of $9,730. Also Read: China Censors Cryptocurrency Ads on Search Engines and Social Media Crypto-Markets See Losses Between 3-20 Percent Two days ago BTC/USD markets reached a high of $11,780 across global trading platforms, but bulls seem to have lost some of the momentum. Presently bulls are trying to get the price back above the $10K region after dipping well below that...

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Ross Ulbricht Denied Post-Conviction Relief Extension

News The man convicted of creating the Silk Road marketplace, Ross Ulbricht, has lost yet another appeal to extend his “post-conviction relief.” Judge Katherine Forrest, the judge who sentenced Ulbricht to a double life sentence in 2015, denied the legal team’s attempt to renew the case even if additional circumstantial evidence is found in the future. Also read: 30 People Who Were Really Wrong About Bitcoin The Judge Who Sentenced Ross Ulbricht Throws Down the Hammer Once Again Ross Ulbricht. This month the Judge who handed down two-lifetime prison sentences to Ross Ulbricht denied yet another appeal from within this...

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Smartbtc Sees the Need for Centralized Python-Based Smart Contracts

Technology Just recently the startup Smartbtc announced the execution of a bitcoin-based smart contract written in the Python codebase. The team intended to grow their Twitter following by creating a contract that paid 0.011 BTC after it accrued 1,000 followers in sixty days. After the goal was met, Smartbtc’s Python contract executed on February 19. Also read: United Bitcoin May Be the Most Controversial Fork to Date Python Based Contracts Tethered to BTC Payouts Smartbtc is a platform that facilitates smart contracts tethered to BTC chain payouts, and contracts are written entirely in Python code. The contract’s programming considers the...

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Markets Update: Bullish Sentiment Returns to Crypto Markets

Market Updates Cryptocurrency markets have been accumulating gains again after the significant dips in value during the first two months of 2018. BTC/USD prices are holding steady above the $11,450 price range after bouncing off the $5,900 bottom not too long ago. Digital asset enthusiasts speculate the market is starting to show strong bullish sentiment once again. Also Read: China Censors Cryptocurrency Ads on Search Engines and Social Media The Steady Uptrend Back to Higher Price Regions Over the past twenty days, BTC/USD markets have been on a tear once again as markets are up well over 80 percent since touching its price bottom. Crypto-proponents, speculators, and traders believe digital asset markets will continue to rise to even higher price levels than before. BTC trade volume is fairly decent with roughly $8.9Bn swapped over the past 24-hours. Exchanges trading the most BTC volume today include Bitfinex, Okex, Binance, Upbit, and Bithumb. Currently, the Japanese yen is dominating currency volumes by 47 percent. This is followed by the USD (24%), tether (USDT 15%), the Korean won (5.5%), and the euro (4.6%). Presently BTC/USD market averages have been hovering around $11,450-11,550 over the past 12-hours. BTC/USD Coinbase February 20, 2018. 4-hour chart. Technical Indicators Looking at the 4-hour, daily and weekly charts BTC/USD markets have formed a solid uptrend over the last twenty days. The two Simple Moving Averages (SMA) both short...

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Counterparty Cash Announces ERC20 Competitor with Edge Wallet Support for Tokens

Technology This past January a project was launched that revealed a forked version of the crypto-derivative platform, Counterparty, and it’s being built for the Bitcoin Cash (BCH) network. Now this week, at the Cryptopulco event in Mexico, the creator of the new BCH token infrastructure, Julian Smith, has announced that Counterparty Cash (XCPC) and all assets, tokens, and instruments released on the protocol will work natively in Edge mobile wallet including the protocol’s own XCPC token. Also read: The ICO Scam Train Arrives in Sweden – Meet “Starflow” The Ecosystem Building Around Bitcoin Cash Is Very Healthy On February 18 news.Bitcoin.com spoke with the creator of the Counterparty Cash (XCPC) protocol, a project that aims to add tokenized assets to the BCH network. Julian Smith tells us that the Counterparty Cash Association (CCA) based in Zug, Switzerland has formed a partnership with the cryptocurrency wallet provider Edge (formally Airbitz). This means that all assets and tokens based off of the XCPC protocol will work natively with Edge Mobile. Further, the blockchain logistics startup Blockfreight, Bitcoin Cash Parity, and Bitcoin ABC implementations will also support the Counterparty Cash infrastructure. “I think that Counterparty has been an excellent experiment for Bitcoin and will be valuable to users on Bitcoin Cash,” explains Bitcoin ABC lead developer, Amaury Séchet at the Cryptopulco conference. I see that between this initiative and similar projects working on...

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United Bitcoin May Be the Most Controversial Fork to Date

News Back on December 12 the well-known developer Jeff Garzik launched a Bitcoin Core (BTC) based fork called United Bitcoin (UBTC) after Segwit2x failed. At block height 498,777 the snapshot took place, and the UBTC network began just like the rest of the forks in existence, but claiming the tokens is far more complicated than one would think. Also read: The 65 Percent Price Dip Has Made ‘Bitcoin Whales’ A lot More BTC The Promises of United Bitcoin A few months ago we reported on the UBTC project created by Jeff Garzik, his partner at the blockchain company, Bloq, chairman...

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This 16-Year Old Crypto-App Developer Fights Back Against Reddit Hate

Interview Last month a 16-year old girl from India created a digital currency price ticker that tracks the price of cryptocurrencies like bitcoin cash, ethereum, and many others. However, when Harshita Arora introduced the iOS application to members of the bitcoin community who patronize the Reddit forum /r/bitcoin, she was accused of plagiarizing the app. Unfortunately, even though the accusations were false, Arora was further discriminated for being a woman, while commenters also speculated that an individual at her age couldn’t possibly create an iOS platform. Also read: The 65 Percent Price Dip Has Made ‘Bitcoin Whales’ A lot More BTC This week news.Bitcoin.com spoke with, Harshita Arora, a 16-year old girl who developed the Crypto Price Tracker application for iPhones. Arora explains she lives in a small town just outside of New Delhi in India and she’s a big fan of technology. Arora has been studying computer science, and was accepted to the Massachusetts Institute of Technology (MIT) for a summer internship. Arora decided to make a cryptocurrency price tracking app for iOS and announced the launch of the project on January 28. However, when she announced the app herself on the forum /r/bitcoin, she was greeted by a mob of people who didn’t believe she created the app. One critic wrote a blog post detailing that the app was plagiarized although the story was later revealed as false....

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The 65 Percent Price Dip Has Made ‘Bitcoin Whales’ A lot More BTC

Finance Last year bitcoin had a phenomenal run leading up to its all-time high of $19,600 per BTC this past mid-December. The price over the past few weeks had since dipped to a low of $5,900 on Monday, February 5, losing close to 65 percent of its value in a short period. The dip has ‘rekt’ a lot of cryptocurrency traders but the ‘richest bitcoin holders’ have gained thousands more BTC taking full advantage of these significant price variances. Also read: Following Money Through the Bitcoin Laundry Is Not So Easy Bitcoin Whales Use Big Price Swings to Accumulate More Wealth Cryptocurrency enthusiasts understand that digital currencies often fluctuate in price and over the years many traders have been able to take advantage of these swings. Essentially if a trader can guess the top and sell their bitcoins, then follow that maneuver by buying back in at the bottom, that individual can gain a lot more coins. One particular group of BTC holders that have taken advantage of these swings time and time again — are the top 100 richest ‘bitcoin whales.’ The individuals or groups of people known as bitcoin whales hold vast quantities of cryptocurrency and they can sometimes use their assets to ‘move the market.’ According to data collected from Bitinfocharts.com most of the 100 richest BTC addresses haven’t lost any money during the last 65 percent dip —...

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New Jersey Sends Cease & Desist to Crypto-Investment Pool

Regulation The state of New Jersey’s Bureau of Securities and the Attorney General has issued a cease and desist order to a digital currency investment fund called ‘Bitstrade’ this week. According to the state’s Attorney General’s office, the cryptocurrency-focused firm was “fraudulently” managing and selling securities. Also read: U.S. Lawmaker Wants Ethics Committee to Form Bitcoin Disclosure Guidelines New Jersey Officials Stop a Cryptocurrency Investment Firm from Operating In the State   New Jersey lawmakers have sent a cease and desist letter to a firm called Bitstrade which claims to be a registered U.S. financial startup and offers digital asset banking services. Officials from New Jersey say Bitstrade unlawfully provided investors unregistered securities in the form of a pool that claims to guarantee up to 10 percent returns which accrue daily. Authorities from the Bureau of Securities and Attorney General’s office have found that “Bitstrade provides no basis to guarantee investment profit,” and “Bitstrade is not registered to sell securities in New Jersey.” “The Bureau’s action today reinforces our commitment to protecting investors as they navigate the uncharted and largely unregulated domain of cryptocurrency-related investments,” said New Jersey’s Attorney General Gurbir Grewal. We want to make sure that investors tempted to cash in on the cryptocurrency rage aren’t being lured into sending funds to an anonymous internet entity without knowing where the funds are going or how they’ll be used. Lawmakers...

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