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Blockchain News & Crypto Interviews

Coinbase, GDAX Experience Major Outage Amid Bitcoin Trading Frenzy

Both San Francisco-based cryptocurrency exchange Coinbase and its Global Digital Asset Exchange (GDAX), have been experiencing a major service outage amid a trading frenzy triggering by Bitcoin’s new all-time high above $11,300. At press time, the cryptocurrency’s price corrected to $9,824.23 but is seemingly climbing back up again. Its trading volume in the last 24 hours was over $10 billion.   The trading frenzy seemingly took down the U.S.-based exchange as its platforms have been greeting visitors with an error stating that the service is currently unavailable.  Coinbase is one of the world’s largest cryptocurrency exchanges, with operations in over 30 countries, making it notable that its traders were unable to issue orders during Bitcoin’s all-time high and subsequent price correction.   A look at Coinbase’s real-time status page reveals that the cause of the issue is currently being investigated and has already been partly solved, as the company’s service is curr
http://coremedia.info/blockchain-news/item/1097-coinbase-gdax-experience-major-outage-amid-bitcoin-trading-frenzy

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Bank of England Official Says Bitcoin Is “Too Small” to Threaten the Global Economy

Bitcoin recently surpassed the $10,000 mark to reach a new all-time high above $11,300, before the cryptocurrency’s price quickly fell back to $10,600 at press time, according to data from Cryptocompare. The cryptocurrency’s recent new heights led central bankers to comment on the cryptocurrency’s status. United Kingdom central bank, Bank of England (BoE), deputy governor Sir Jon Cunliffe, speaking to BBC Radio, stated that the cryptocurrency is “too small to pose a risk to the global economy,” as he believes it isn’t even a currency due to the lack of a central bank behind it. To Sir Jon Cunliffe, the cryptocurrency is a commodity, and investors need to do their homework on it. He stated: “This is not at a size where it’s a macroeconomic risk to the global economy, but when prices are moving like that, my view would be investors need to do their homework.” Interestingly, last year, Bank of England deputy governor Ben Broadbent stated that digital currencies put bank
http://coremedia.info/blockchain-news/item/1096-bank-of-england-says-bitcoin-is-too-small

Decentralized Sports Betting – the Latest Advance Aimed at Making Betting Beneficial for Everyone | Gamblingmob.com


It can’t be denied that sports betting is a profitable business since ancient times. It has also been a very popular activity, no matter the bettor wins or l
http://gamblingmob.com/decentralized-sports-betting-the-latest-advance-aimed-at-making-betting-beneficial-for-everyone/

Nigeria’s Insurance Regulator Sees Digital Currency Adopters as Gamblers, Warns Citizens

Nigeria’s financial sector insurance regulator, the Nigerian Deposit Insurance Corporation (NDIC), recently warned the country’s citizens about a potential lack of insurance cover to any risks associated with cryptocurrencies. According to local publication Premium Times, the warning included any digital currency not issued by the country’s central bank. While speaking at an annual two-day workshop on the financial disruption caused by digital currencies, NDIC’s director of research and policy for international relations, Mohammed Umar, made it clear the country’s financial regulators aren’t exactly cryptocurrency enthusiasts. He stated: “The financial regulatory authorities are not playing catch up on the digital currency race in Nigeria. There is no country in the world that allows its citizens to use digital currencies as money not issued by the Central Bank.” The statement, by itself, is false. Earlier this year, Japan notably began accepting bitcoin as a legal pay
http://coremedia.info/blockchain-news/item/1095-nigeria-regulator-cryptocurrency-gamblers

Case Study for Future Investing: CoffeeCoin Pre-ICO and ICO Explained

The CoffeeCoin Pre-ICO, ICO and their unorthodox token distribution process have caused some controversy among the members of the Waves community. The result is that those who bought in early, into the Pre-ICO, got a raw deal compared to those participating in the main ICO, who in comparison got a huge discount. The purpose of this article is to show how the CoffeeCoin Pre-ICO and ICO were conducted and to show investors warning signs for future investments. The purpose is not to accuse the CoffeeCoin team of any wrongdoing as there is no evidence that suggest so. From July 17th through to July 24th, CoffeeCoin conducted a “Pre-ICO”, essentially an opportunity for community members to buy in early. Usually, these Pre-ICO’s make it possible for early bird buyers to get a nice discount. However, we will find that this was not the case this time. Out of a max total of 800,000 available, 552,236 were sold. These tokens were available on the WAVES Decentralized Exchange (DEX) at a fi
http://coremedia.info/blockchain-news/item/1094-coffeecoin-pre-ico-and-ico-explained

CryptoPressRelease on Twitter: “#Xsports Pre-sale 2/3rds sold within 7 days … #wagering on CS:GO, D.O.T.A 2, Halo, LoL, StarCraft 2 and more … #eSports a 21st Century… https://t.co/7UxNHj5WRi”


The Cyber Monday BoGo special ends at 12 am EST just a few short hours away, so your last chance to get 2 for 1 XSB is quickly ending. Any transactions sent before midnight EST will still be credited with the 2 for 1 XSB, so don’t worry about slow transaction times with Bitcoin. Thanks for all of your support so far!
https://twitter.com/Houseofcrypto/status/935330109627678721

Study Suggests Nearly 4 Million Bitcoin Are “Lost” Forever

At a time in which Bitcoin’s price surges past $9,400 to a new all-time high and starts approaching the $10,000 mark, a new study conducted by digital forensics firm Chainalysis – whose clients include Europol and the IRS – suggests that 3.79 million bitcoins are gone for good based on a high estimate, with 2.78 million being the low estimate. This means that a whopping 17% to 23% of existing bitcoins aren’t currently in circulation. According to Fortune, the company used statistical sampling to determine lost amounts, and used five different categories. These were “mined coins,” referring to those mined in 2017 (not presumed to be lost), “transactional,” referring to those moved or spent last year, “strategic investors” referring to investors holding bitcoins for 1-2 years, “out of circulation” referring to those who’ve adopted the cryptocurrency early on and are just holding it, and “original coins” from Satoshi Nakamoto’s wallets. Some of these figures
http://coremedia.info/blockchain-news/item/1093-4-million-bitcoin-lost

Bitcoin Reaches a New All-Time High Above $9,400 as Instructional Investor Interest Grows

Bitcoin, the number one cryptocurrency, is up 6% in the last 24 hours, as it recently reached a new all-time high above the $9,460 mark according to data from Cryptocompare. The cryptocurrency now has a market cap above $154 billion, and has helped drive the cryptocurrency ecosystem’s market cap to a new high of $290 billion. This means that bitcoin’s dominance index is currently at 53.3%. In the last 24-hour period, the cryptocurrency’s trading volume was of a whopping $5 billion. Its surge isn’t unexpected, as it was seemingly foretold by various financial analysts, including Russia Today’s Max Keiser, and billionaire hedge fund investor Mike Novogratz. Max Keiser, host of the Keiser Report on RT, notably told Binary District in an interview that bitcoin’s price could move close to $50,000 as institutional investor interest keeps growing, attracting tens of billions into the market. He stated: “Bitcoin only has to grab a few % points of the global multi-hundred trillio
http://coremedia.info/blockchain-news/item/1091-bitcoin-reaches-all-time-high-above-9-400

Extreme Sportsbook – The most advanced blockchain-powered, privacy-focused sportsbook platform.


https://buff.ly/2BbgkoE, ICO is in Motion. Peer to Peer wagering on sports, game tournaments among your friends, and anything you can possibly think of betting on. Do not pass up a chance to get involved with a technology that can change the way betting is done with no vig, no centralization, and no 3rd parties !!! https://buff.ly/2iRdUVE
https://www.xsports.io/

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