Cryptocurrency news

[Alice Walker]

Everything you need to know about the Verge (XVG) 51% attack

Verge(XVG), ranked 21st by market cap on CoinMarketCap, succumbed to a 51% attack. This attack is sort of a feat in the cryptocurrency space.
What is Verge cryptocurrency?
Verge (XVG) is a privacy coin which claims to be an improvement on the existing Bitcoin blockchain with an aim to provide individuals and businesses with a fast, efficient and decentralized way of making payments with anonymity.
What is a 51% percent attack?
It is an attack when a miner or group of miners are able to manipulate/modify the blockchain of a cryptocurrency by controlling more than 50% of the mining hash rate. This type of an attack is very unusual due to the extreme difficulty involved in acquiring the dominant mining hash rate. Public blockchains are fully decentralized and hence the only way of approving transactions is the consensus.
When a miner is able to achieve 51% mining hash rate then the particular miner can mine all the blocks and gain access to the coins and create fraudulent transactions. Attackers can also reverse transactions that were in the confirmation process when they gained control of the network, allowing them to fraudulently spend the same coins several times, a practice known as- double spending.
What has exactly happened?
According to various press and social media sources, a miner(s) was able to achieve majority control of the mining hash rate. The miner exploited a bug in the code to duplicate timestamps and created each new block using the same algorithm. The integrity of a blockchain relies on the fact that different algorithms are required to create new blocks. The attackers taunted the Verge Project Team by writing on a Bitcointalk forum post, which read: “Hey Verge Team, get some real developers and fix your code. We have found another 2 exploits which can make quick hashes as well.”
How much damage has been done?
It is said that the miner was able to steal 2,50,000 verge coins. Some even claim the stolen amount to be 3.9 million coins. The “Send Us ETH” army wasn’t far behind from exploiting the situation. They started posting on the official forums about a fraud compensation plan for the victims, which involved their usual modus operand of “send us some ETH and get bonuses”.
How did the Verge Project Team respond to this situation?
The response came from Verge team was as: “We pushed a quick fix and most pools have already updated.. we’re already working on a whole new block verification process. We’re kinda glad this happened and that it wasn’t as bad as it could have been.”
Actually, they accidentally initiated a hard fork to ‘resolve’ this issue!

How did the Verge prices get affected?
At the time of writing, the prices of Verge are down by 23.5%. The prices had doubled earlier this week due to the anticipation of a big announcement on April 16.

Agree
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[The CC Forums]

Everything you need to know about the Verge (XVG) 51% attack

Verge(XVG), ranked 21st by market cap on CoinMarketCap, succumbed to a 51% attack. This attack is sort of a feat in the cryptocurrency space.
What is Verge cryptocurrency?
Verge (XVG) is a privacy coin which claims to be an improvement on the existing Bitcoin blockchain with an aim to provide individuals and businesses with a fast, efficient and decentralized way of making payments with anonymity.
What is a 51% percent attack?
It is an attack when a miner or group of miners are able to manipulate/modify the blockchain of a cryptocurrency by controlling more than 50% of the mining hash rate. This type of an attack is very unusual due to the extreme difficulty involved in acquiring the dominant mining hash rate. Public blockchains are fully decentralized and hence the only way of approving transactions is the consensus.
When a miner is able to achieve 51% mining hash rate then the particular miner can mine all the blocks and gain access to the coins and create fraudulent transactions. Attackers can also reverse transactions that were in the confirmation process when they gained control of the network, allowing them to fraudulently spend the same coins several times, a practice known as- double spending.
What has exactly happened?
According to various press and social media sources, a miner(s) was able to achieve majority control of the mining hash rate. The miner exploited a bug in the code to duplicate timestamps and created each new block using the same algorithm. The integrity of a blockchain relies on the fact that different algorithms are required to create new blocks. The attackers taunted the Verge Project Team by writing on a Bitcointalk forum post, which read: “Hey Verge Team, get some real developers and fix your code. We have found another 2 exploits which can make quick hashes as well.”
How much damage has been done?
It is said that the miner was able to steal 2,50,000 verge coins. Some even claim the stolen amount to be 3.9 million coins. The “Send Us ETH” army wasn’t far behind from exploiting the situation. They started posting on the official forums about a fraud compensation plan for the victims, which involved their usual modus operand of “send us some ETH and get bonuses”.
How did the Verge Project Team respond to this situation?
The response came from Verge team was as: “We pushed a quick fix and most pools have already updated.. we’re already working on a whole new block verification process. We’re kinda glad this happened and that it wasn’t as bad as it could have been.”
Actually, they accidentally initiated a hard fork to ‘resolve’ this issue!

How did the Verge prices get affected?
At the time of writing, the prices of Verge are down by 23.5%. The prices had doubled earlier this week due to the anticipation of a big announcement on April 16.

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reply

We had recently included Verge in our anonymous crypto article. Unfortunate for the entire sector that this happens on top of all the other bad news.

New investors latch on to problems with certain coins and label the entire space as a scam.

 

[micheal]

The price of Verge spiked from 0.9 cents to 1.5 cents per coin, a 60% increase.

 

[Alice Walker]

How To Protect Your Crypto Holdings With A Private Wallet:

With Bitcoin, Litecoin, and other cryptocurrencies hogging the headlines almost every day, crypto security has never been more important. At this rate, it is extremely vital for cryptocurrency investors (many of them testing the waters for the first time), merchants and users to learn and protect their holdings with a private wallet.

Unfortunately, many seem to be unaware of the concept, since most exchanges tend to hold your coins for you, instead of giving you complete access. Let’s understand a private wallet better first.
What is a private cryptocurrency wallet?
A private wallet is one that you get to control your funds, unlike the wallets of exchanges where you transact. A private wallet works like any other cryptocurrency wallet — it is used to store, send and accept cryptocurrencies.
Fundamentally, every cryptocurrency wallet contains (and lets you access) a public and private keys, which are used to send and receive your coins.
What’s a public key, you ask?
A public key can be thought of as an equivalent to your bank account number. A public key is the address by which others can transfer funds to your wallet. It’s also the address by which others can see the source of the funds they receive. It’s perfectly safe to share your public key with others — as it’s essential to complete a transaction.

(Source: 99bitcoins.com)
On the other hand, a private key is different. Think of it like your banking PIN. It is used along with the public key to create a permanent unique message signature when executing transactions. The private key must be kept secret; otherwise, anyone can access the money in your wallet. These public and private keys are mathematically linked when creating identities, signing messages, and validating signatures. Losing the private key can lead to loss of funds, access to unauthorized hacking and many other mishaps.
Ever noticed how you don’t need to enter a private key when transacting on exchanges? It’s because they hold the private key to these wallets, not you. The wallet belongs to them, and so do the funds in it.
Exchange wallets are of two types: hot wallets and cold wallets. Think of hot storage as carrying money in your wallet everyday, whereas cold storage refers to your savings in your bank account. Hot wallets are therefore faster and easier for exchanges to access — like taking out notes from your wallet. Cold storage would involve additional steps before moving your funds.
Exchanges keep a certain portion of their (i.e their users’) coins in hot storage for quick transfers and withdrawals. These wallets are connected to the internet and can be used to move funds quickly. On the other hand, a cold storage is meant for long term holdings. They are the most secure forms of crypto storage and include wallets like hardware wallets and paper wallets.
The Importance of private wallets
With all the hype building up around cryptocurrencies, there’s real danger building up around illegal hacking and thievery on wallets. Many exchanges across the globe have been victims to stolen funds — some as high as $400 million only recently.
Why does this happen? Because you’re never truly owning your coins when you leave them at the exchange. The security here is only as strong as the exchange’s best practice.
Let’s understand this with an example. Say you move 1 BTC to an exchange, to sell it and buy another cryptocurrency of your choice — such as Monero, or Ripple. Once you’ve completed the trade — your coins rely on the exchange’s wallet. If this exchange were to be hacked or shut down, you’d lose your coins with it. There’s no recourse in such scenarios.
It is therefore extremely important to ensure that your money is safe, secure and avoids falling into the wrong hands — and an exchange — where you do not have access to your private key — isn’t the best place.

Opting for offline methods of storage (cold storage: hardware wallets, paper wallets etc.) can serve to be more useful when it comes to cryptocurrency safety. You can get a hold of a private wallet depending on the cryptocurrency you hold. For many — a hardware wallet like Trezor or Ledger is ideal, as it can hold a large number of cryptocurrencies in one unit. For software wallets — it is best to locate them from their official websites — such as Bitcoin’s or Ethereum’s. Here are a few reasons why you must own a private wallets for your cryptocurrencies:
Only you have the control over the private keys.
They provide you access to your money, anytime and anywhere.
Cold storage wallets prevent illegal hacks into your currencies.
They are user-friendly and even portable.
Introducing CoinSwitch
While cryptocurrency exchanges offer users the option to move coins to their own wallets, security is best achieved when it isn’t optional. This is where CoinSwitch comes in. CoinSwitch mandates that all transactions users perform on its platform involve a their own wallet address. This ensures that your coins are in your wallet at the end of every transaction. It’s mandatory security with no workaround to it.
Additionally, with the increasing number of cryptocurrencies hitting the markets, many are understandably interested in coins that may not be traded directly on their preferred exchanges. There is then a need for a tool like CoinSwitch, which allows users to trade multiple cryptocurrencies for another in a reliable way.
CoinSwitch is an aggregator for cryptocurrency exchanges. It aggregates and lists more than 250 cryptocurrencies trading across the best exchanges. Of course, this includes Bitcoin, Litecoin, Ethereum, Bitcoin Cash and more. And it solves multiple user problems at once:
Security: At CoinSwitch, you can complete your trade by sending coins from one wallet and receiving them back in your own wallet. At no point do you have to leave your coins on the exchange. Instead, you get to keep them in your own private wallet.
Rates: With access to multiple exchanges across the world — include major ones such as Shapeshift and Changelly, Cryptopia, Bittrex you’re guaranteed the best rates at any given point of time. Forget having to check multiple exchanges to get the best deal.
The best part is that your funds do not suffer any kind of custodial risks because you don’t need to keep the coins at the exchange.
These trades can be done in easy, simple steps. All you will have to do is:
Enter your wallet address
Enter the exact amount of cryptocurrency to convert
Select the exchange type
Convert
Track your conversion
Here is the step by step guide to exchange coins from CoinSwitch: https://blog[dot]coinswitch [dot] co/coin switch-exchange-tutorial-274acaca10a9
You’re not only converting your cryptocurrencies easily, but also moving them into your own wallet — even those that aren’t available on your exchanges.
Protect your coins with the right wallets and avoid situations of money losses and its misfortunes.

 

[micheal]

OMG!!! what a theory @Alice Walker

 

[James Johnson]

CoinSwitch Adds 31 New Coins

We are happy to announce that we are adding 31 new coins. Now you can instantly exchange these coins from CoinSwitch.co.
Following is the list of the newly added coins:
GladiusToken(GLA)
UTRUST(UTK)
Fortuna(FOTA)
Odyssey(OCN)
Blockport(BPT)
Zeepin(ZPT)
Oyster(PRL)
Achain(ACT)
RChain(RHOC)
THEKEY(TKY)
Dent(DENT)
DeepOnion(*****)
carVertical(CV)
SingularityNET(AGI)
QLINK(QLC)
Trinity Network Credit(TNC)
KickCoin(KICK)
Dragonchain(DRGN)
IHT Real Estate Protocol(IHT)
DeepBrain Chain(DBC)
LATOKEN(LA)
DADI(DADI)
Electrify.Asia(ELEC)
Telcoin(TEL)
KuCoin Shares(KCS)
BOScoin(BOS)
Credits(CS)
Loom Network(LOOM)
Jibrel Network(JNT)
TrueFlip(TFL)
Polymath(POLY)
This development comes in as a part of our commitment to provide our users with access to exchange most cryptocurrencies on our platform. In the coming weeks, we will be adding support for more exchanges and coins.
Here is a 90-second video guide on how to exchange coins on CoinSwitch:

About CoinSwitch:
CoinSwitch.co is the world’s largest cryptocurrency exchange aggregator. It provides exchange service of 275+ coins and over 45,000 pairs from leading exchanges like KuCoin, Bittrex, Cryptopia, ShapeShift, Changelly, Evercoin, Changer, and KuCoin. It provides an easy way for users to trade coins across multiple exchanges based on price and reliability.
Please do write us to support@coinswitch.co if you have any queries.
Happy switching

Wonderful post and coins!Though, I have a site where you can get an idea of multiple useful coins which you might be not heard of. site is : cryptocoinjudge.com. I am sure, you will find multiple coins which is unique and useful. Do share your thoughts on the same.

 

[The CC Forums]

While we appreciate all the input and discussion, this thread is treading close to our No Spam policy in these sections. If you'd like to continue to analyze markets and report on breaking news, please continue. But continuing to randomly mention other sites will get the thread moved to the Marketplace section of the forums.

Thanks for your cooperation on this,.

 

[Alice Walker]

CRYPTO HEADLINES — April 11, 2018

1. Bear Market ‘Largely Over,’ Crypto Fund Manager Claims
Timothy Enneking, managing director of Crypto Asset Managment, LP, said that the winter in cryptocurrency markets is “largely over”. Asset consolidation, regulatory concerns, massive liquidation by the Mt. Gox trustee and startups’ selling crypto assets to pay salaries and expenses are all factors in the market’s overall decline. Now the market should start rebounding soon. Read more at CoinDesk.
2. Indian Government Think Tank Trials Blockchain to Combat Fake Meds
Indian government think tank is working on a blockchain solution aimed to combat the country’s roaring counterfeit drugs trade. The National Institution for Transforming India, known as NITI Aayog, aims to have a proof-of-concept (PoC) of the solution completed by the end of 2018 and begin rolling it out next year. Read more at CoinDesk.
3. Here’s How Taxes Are Harming Bitcoin’s Usefulness as a Payment Method
While most of the early buzz around Bitcoin centered on it as a new, fast, cheap and permissionless method of online payment, the focus has moved from medium of exchange to store of value over the past few years. t’s clear that bitcoin is useful for censorship-resistant payments that may not otherwise be possible without this new technology. Read more at BitcoinMagazine

https://blog[dot] coinswitch[dot] co/crypto-headlines-april-11-2018-7cfbeeec9190

 

[micheal]

According to Yahoo finance, the cryptocurrency market has fallen under intense pressure during Q1 of 2018, with Bitcoin down just over 50% from the start of the year. Many Altcoins have also seen their fair share of declines, with the biggest losers correcting upwards of 90% from all-time highs. Q1 was packed with action and drama including exchange hacks, exchange suspensions, increased regulation from China, Mt. Gox Bitcoin selling, tax talks, and SEC meetings in the United States. Uncertainty flooded the market due to these events with many cryptocurrency investors unsure if governments would ban cryptocurrencies outright, or just tighten up regulations in regard to initial coin offerings (ICOs). Now smaller market cap

 

[Alice Walker]

How to claim eosDAC tokens?
According eosDAC website - All Ethereum accounts that have 100 or more EOS tokens in them at the snapshot on the 15th April will automatically receive the airdrop. Any accounts with less than 100 tokens will not automatically receive the airdrop but will be eligible (until 15th May 2018) to apply through a method, which will not require any personally identifiable data.
https://blog[dot] coinswitch [dot] co/john-oliver-may-not-like-eos-but-price-soars-by-33-amidst-eosdac-airdrop-fc2e250af90e

 

[Alice Walker]

CRYPTO HEADLINES — April 12, 2018

1. Bitcoin’s Price Jumps $1,000 In 30 Minutes Of Market Growth Across The Board
The crypto markets experienced an explosion of growth today, April 12, with Bitcoin (BTC) jumping more than $1,000 to break $8,000 over just a 30 minute period, and the rest of the market solidly in the green. While no specific events have been confirmed as the reason for the sharp price jumps across the board, Twitter users have speculated that the recent news that Bitcoin has been declared compliant with Shariah law. Read more at CoinTelegraph.
2. Cryptocurrency EOS leaps past Litecoin into fifth place by market cap
EOS climbed more than 30 percent over the last 24 hours for a market capitalization of nearly $7.1 billion, topping Litecoin’s $6.8 billion, according to CoinMarketCap. This price rally has been connected to the announcement of eosDAC Airdrop scheduled on April 15th 2018, 01:00:00 UTC, which also marks the 300th day the EOS Initial Coin Offering. Read more at CNBC.
3. $658 Million Cryptocurrency Fraud Allegation Spurs Vietnam Probe
Vietnam’s deputy prime minister ordered an investigation into allegations of a cryptocurrency scam involving $658 million, the latest report of fraud to hit the lightly regulated market for initial coin offerings. The scam apparently entailed fraudulent initial coin offerings (ICO) by a company in Ho Chi Minh City. Read More at Bloomberg.

 

[Alice Walker]

CRYPTO HEADLINES — April 12, 2018

1. Bitcoin’s Price Jumps $1,000 In 30 Minutes Of Market Growth Across The Board
The crypto markets experienced an explosion of growth today, April 12, with Bitcoin (BTC) jumping more than $1,000 to break $8,000 over just a 30 minute period, and the rest of the market solidly in the green. While no specific events have been confirmed as the reason for the sharp price jumps across the board, Twitter users have speculated that the recent news that Bitcoin has been declared compliant with Shariah law. Read more at CoinTelegraph.
2. Cryptocurrency EOS leaps past Litecoin into fifth place by market cap
EOS climbed more than 30 percent over the last 24 hours for a market capitalization of nearly $7.1 billion, topping Litecoin’s $6.8 billion, according to CoinMarketCap. This price rally has been connected to the announcement of eosDAC Airdrop scheduled on April 15th 2018, 01:00:00 UTC, which also marks the 300th day the EOS Initial Coin Offering. Read more at CNBC.
3. $658 Million Cryptocurrency Fraud Allegation Spurs Vietnam Probe
Vietnam’s deputy prime minister ordered an investigation into allegations of a cryptocurrency scam involving $658 million, the latest report of fraud to hit the lightly regulated market for initial coin offerings. The scam apparently entailed fraudulent initial coin offerings (ICO) by a company in Ho Chi Minh City. Read More at Bloomberg.

 

[Alice Walker]

CRYPTO HEADLINES — April 13, 2018

1. Billionaire Tim Draper Sets $250,000 Bitcoin Price Target for 2022
Tech billionaire Tim Draper, an avowed cryptocurrency bull, has set a $250,000 bitcoin price target for 2022. Draper made the bold prediction April 12 at the 2018 Block (Chain) Party at his self-named Draper University in San Mateo, California. Draper also predicts that blockchain will disrupt and transform finance, healthcare, and many other industries. Read more at CCN.
2. $3.5 Million in Bitcoin Missing From India’s Coinsecure Exchange
In what may be the biggest virtual currency exchange heist in India to date, 438 bitcoin (BTC), currently worth $3.5 million, has gone missing from Coinsecure, and the exchange thinks an employee has run off with the money. Read more at Bitcoin magazine.
3. Russian Gov’t Will Block Crypto Industry Favorite Telegram ‘In Near Future’
Russian authorities have demanded ISPs ban the crypto industry’s go-to encrypted messenger service Telegram on Friday, April 13, just weeks after the project raised $1.7 bln in its ICO presale to support the development of its own Blockchain platform. Read more at CoinTelegraph.

 

[micheal]

The bitcoin price has surged to $8,450 after recording a 5% increase within the past 24 hours. The cryptocurrency market is eyeing a move towards the $350 billion regions and it has already crossed $334 billion.

 

[Alice Walker]

How to use Pay with Coinbase account on CoinSwitch?
Step 1: Choose the exchange pair on the homepage and click on “View All Offers” button.

Step 2: Choose the offer that suits you the best. By default, we recommend using the offer that saves you the most.

Step 3: Enter the destination address and the refund address and click Next.

Step 4: Choose the “Pay with Coinbase” option to pay BTC.

Step 5: Enter the required amount (in USD) and authorize to initiate the payment.

Step 6: You will receive your exchanged coin in the destination wallet address that you had provided in Step 3. Your order is complete.

About CoinSwitch:
CoinSwitch is a cryptocurrency exchange aggregator that currently supports over 300+ coins and 45,000+ cryptocurrency pairs — the highest in the world. Our platform enables users to exchange their cryptocurrencies on any of the partner exchanges ( KuCoin, Bittrex, ShapeShift, Changelly, Cryptopia, Changer) without having to create an account at any of these exchanges. Users on our platform can compare the best price availability amongst the partner exchanges and execute the order through them directly from us. We also provide a dedicated end-to-end support to see through a successful order completion. In 10 months of its existence, coin switch has driven volumes up to 1 million USD per day to these exchanges.
Join our Telegram channel to stay updated on new features/coin additions and global crypto updates — t.me/coinswitch_community
Happy switching

 

[micheal]

Now Bitcoin is at $8169 with 0.56% gain.

 

[Alice Walker]

New Feature: Now Pay Through Your Coinbase Account On CoinSwitch
We are pleased to announce that CoinSwitch users will now be able to directly pay through their Coinbase account to exchange coins on the platform. This integration is aimed at enhancing user experience by providing a seamless way for them to use their Coinbase wallet to fulfill exchange orders placed at CoinSwitch.co.
NOTE: This feature is currently available for US region users and will be eventually rolled out to other regions as well.
How to use Pay with Coinbase account on CoinSwitch?
Step 1: Choose the exchange pair on the homepage and click on “View All Offers” button.
Step 2: Choose the offer that suits you the best. By default, we recommend using the offer that saves you the most.
Step 3: Enter the destination address and the refund address and click Next.
Step 4: Choose the “Pay with Coinbase” option to pay BTC.
Step 5: Enter the required amount (in USD) and authorise to initiate the payment.
Step 6: Your will receive your exchanged coin in the destination wallet address that you had provided in Step 3. Your order is complete.
About CoinSwitch:
CoinSwitch is a cryptocurrency exchange aggregator that currently supports over 300+ coins and 45,000+ cryptocurrency pairs — the highest in the world. Our platform enables users to exchange their cryptocurrencies on any of the partner exchanges ( KuCoin, Bittrex, ShapeShift, Changelly, Cryptopia, Changer) without having to create an account at any of these exchanges. Users on our platform can compare for the best price availability amongst the partner exchanges and execute the order through them directly from us. We also provide a dedicated end-to-end support to see through a successful order completion. In 10 months of its existence, CoinSwitch has driven volumes upto 1 million USD per day to these exchanges.
Join our Telegram channel to stay updated on new features/coin additions and global crypto updates — t.me/coinswitch_community
Happy switching

 

[micheal]

Just a few weeks ago, the Zimbabwean cryptocurrency exchange Golix gained its first national competitor when Styx24 opened its doors online. Almost simultaneously Golix introduced a Bitcoin ATM to its customers, accessible inside their offices in central Harare.

 

[Alice Walker]

CRYPTO HEADLINES — April 18, 2018
1. China’s Telecom Giant Huawei Launches Blockchain-As-A-Service Platform
Chinese telecommunications giant Huawei revealed its latest Hyperledger-fuelled Blockchainoffering at a conference in Shenzhen Tuesday, April 17. The Blockchain-as-a-Service (BaaS) tool, which comes a month after the release of Huawei and Hyperledger’s joint project Caliper, will be known as the decidedly low-key “Blockchain Service.” Read more at CoinTelegraph
2. Cambridge Analytica Planned ICO Before Facebook Controversy
Cambridge Analytica was planning to raise money by issuing a new type of digital currency before it became embroiled in a scandal surrounding the misuse of Facebook Inc (FB.O) personal data. rces said. The firm was looking to raise as much as $30 million. Read more at Reuters.
3. NASA Researches Ethereum Blockchain Tech for Deep Space Exploration
A research project funded and co-run by NASA is looking to leverage the Ethereum blockchain’s smart contracts technology to automate spacecraft maneuvering while avoiding space debris. In developments that could potentially have significant implications for deep space probes, NASA is putting resources behind a research project that fundamentally envisions the use of blockchain technology to enhance and make space communications and navigation more efficient and safer. Read more at CCN.

 

[Alice Walker]

CRYPTO HEADLINES — April 19, 2018

1. Bitcoin and Crypto are Solutions to the $164 Trillion Global Debt
The International Monetary Fund has reported that the global debt has hit $164 trillion marking a trend that could lead to a catastrophic recession if countries fail to pay off debts due to strict financing conditions. According to the IMF report more than one — third of the worlds advanced economies carry a debt to GDP level over 85%, three times more than in 2000. At the same time, a fifth of developing markets have debt levels above 70% GDP. These may be the kinds of numbers that inspired Satoshi Nakamoto to embed into the hash of the genesis block of the Bitcoin blockchain this headline from ‘The Times’ — “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks”. Read more at NewsBTC.
2. Kraken CEO: Crypto Exchange Won’t Answer New York AG’s Inquiry
San Francisco-based cryptocurrency exchange Kraken isn’t planning to respond to the New York Attorney General’s newly unveiled inquiry into the ecosystem. Kraken was one of 13 exchanges that received a letter from New York Attorney General Eric Schneiderman on Tuesday as part of his new inquiry into cryptocurrency exchanges, as previously reported. While most exchanges generally welcomed the inquiry and said they would fill out the attached questionnaire, Kraken took a different tack when reached for comment. Read more at CoinDesk.
3. Bitcoin is flashing a rare buy signal, crypto hedge fund manager says
The worst could be over for bitcoin, according to one of the best-known cryptocurrency hedge fund managers. Dan Morehead, CEO of Pantera Capital, said the digital currency has been growing at 165 percent per year in the five years the firm has been in business. “Something that’s growing that fast hardly ever gets below its 200-day moving average,” Morehead told CNBC’s “Fast Money” Wednesday. “When it does, it’s a very good time to buy”. Read more at CNBC