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Litecoin Founder Just Sold All His Litecoin, Citing A Conflict Of Interest

Litecoin Founder Just Sold All His Litecoin, Citing A Conflict Of Interest

Litecoin founder just sold all his litecoin, citing a conflict of interest Litecoin founder Charlie Lee announced on Reddit today that he had divested most of his litecoins, which are an alternative to Bitcoin. He cited a conflict of interest for him to continue buying and selling Litecoin while tweeting about it because he has so much influence. Lee says he sold and donated all his litecoins, which makes it the first time in six years that he doesnt own a single litecoin thats not stored in a physical coin. He did not share the exact amount sold but said that he would continue to work on Litecoin and when the currency succeeded, he would still be rewarded in lots of different ways, just not directly via ownership of coins. Its uncommon for a founder of a major cryptocurrency to publicly divest themselves from their holdings. Satoshi, the founder of Bitcoin, remains obscured from the public eye, while Vitalik Buterin, founder of Ethereum, still owns a lot of ether and stays active on social media. Many on Reddit doubted Lees intentions for divesting. One user wrote that he had lost faith in Litecoin after Lees divestment, saying, Typically in finance, a founder selling out his stake is a very BAD indicator for his perception of future performance. Some even hypothesized that Lee pulled out of Litecoin in order to invest more in Bitcoin Cash, and accused him of insider trading. Lee responded to such accusations with a tweet and an update to his Reddit statement, strongly denying that he had any involvement with the Coinbase Bitcoin Cash insider trading allegations . To those saying I bought BCH with insider news, please stop. I had no info. I sold all the BCH I can the moment it was tradable on exchanges. And j just sold my 2 stuck BCH on Coinbase at $5000 each. Good ri Continue reading >>

This 16-year Old Crypto-app Developer Fights Back Against Reddit Hate

This 16-year Old Crypto-app Developer Fights Back Against Reddit Hate

This 16-Year Old Crypto-App Developer Fights Back Against Reddit Hate 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 couldnt 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 shes 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 didnt 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. Most of the criticism came from the fact Arora hired help to do some of the backend coding on the Crypto Price Tracker. But following the accusations /r/bitcoin patrons started harassing Arora for being young and a wrote hateful and sexist comments to her. News.Bitcoin.com chatted with Arora to hear how she got into coding and cry Continue reading >>

How To Buy Ethereum - Localcoinatm

How To Buy Ethereum - Localcoinatm

LocalCoinATM makes exchanging cash for Ethereum easy. Here's a few instructions to help you buy and store Ethereum safely. We recommend the following easy-to-use wallets. You'll need to take this wallet (or a printed QR code) with you, to the machine. Caution: Make sure that the wallet used supports Ethereum. If the wallet is not compatible, you will lose your transaction amount. Tap the machine's touchscreen, then read the on-screen prompt. In your wallet, find your address' QR code Hold it up to the machine's camera; the machine will scan it. This tells the machine where to send your Litecoin once you've confirmed your purchase. After scanning the QR code, insert your CAD or USD* bill(s). * Only our Niagara location accepts USD bills Confirm the amount on the screen to complete your purchase. Please note that there will be a service fee, which varies based on the Bitcoin market. Once you've confirmed your purchase, your Ethereum will be sent to the address you provided*. Transactions are usually instantaneous, but may take anywhere between 1030 minutes, or even 12 hours in rare cases**. Transactions at our ATMs are 100% anonymous. * If you are going to send funds to another person, we recommended sending it to your own wallet firstespecially if you do not know them personally. ** It is recommended that you wait for at least one confirmation on the Blockchain before spending or sending your purchased funds. Continue reading >>

Should You Buy Bitcoin? Or Ethereum? Or Dash? Or Just ... Boring Old Stocks?

Should You Buy Bitcoin? Or Ethereum? Or Dash? Or Just ... Boring Old Stocks?

Should you buy bitcoin? Or Ethereum? Or Dash? Or just ... boring old stocks? A visual representation of the digital cryptocurrency, bitcoin alongside U.S. dollars on Dec. 07, 2017 in London, England.-Dan Kitwood/Getty Images So many cryptocurrencies. So much money to be made or lost. Youre a would-be investor, deciding whether to put your money in bitcoin . Or Dash .(It's digital cash. See what they did there?) Or Ripple .(Though I have a personal rule about never investing in a currency that could be mistaken for an ice cream.) Where do you put your money? Well, besides scanning Reddit threads, starting Wednesday, there will be official financial ratings in the mix. Weiss Ratings is going to assign letter grades think A through Fto cryptocurrencies. Interested parties can subscribe to the ratings for $39 a month to find out the grades. Though, because of the volatile nature of cryptocurrencies, those grades could change daily. Marketplace Tech host Molly Wood spoke with Martin Weiss, whos behind the ratings. Molly Wood: Youre creating a rating for cryptocurrencies. Why? Martin Weiss: As you've seen in the news, the market for cryptocurrencies is wild. It's one of the few places we've seen so much fear, greed and panic. So we felt that this is exactly when individual investors and consumers need some rational guidance that's based on fact and not fiction. Wood: Given the newness and complexity, and the wildness overall, how on earth could you possibly come up with what you think is a reliable rating? Weiss: Well, reliable ratings are based on four things in our model. The first is what we call the risk index, to give you a sense of how much price risk there is in each cryptocurrency, and there's a lot of variability there. Some are not as volatile as others. The second Continue reading >>

How Rich Are The Founders Of Ripple And Ethereum?

How Rich Are The Founders Of Ripple And Ethereum?

How Rich Are the Founders of Ripple and Ethereum? Ethereum cofounder Vitalik Buterin. (Image: Getty) Today marks two records in the altcoin world: Ethereums per-coin value broke $1,000, and the rising value of Ripple supposedly boosted its co-founder Chris Larsen to an estimated net worth of $59.9 billion. Despite a very real speculation bubble around cryptocurrency, these financial gains are mostly on paper, and the two coins couldnt be more different. Unlike the recently cratering Bitcoin, which cant decide if its a currency or a store of value, Ethereum bills itself as a blockchain app platform where transactions are used to pay for decentralized computing power. (The most visible of these apps so far has involved the breeding and trading of digital cats .) Despite its intentions, the coins skyrocketing value has much less to do with enabling trustless apps than the sort of wild speculation that drove a nearly 20x increase in bitcoin over last year. Ripple is significantly less public-facing. Its core proposal is to facilitate fast, cheap transactions, mainly between banks, through a separate but related entity called Ripple Connect. The Ripple coin (XRP) exists independently in the hopes that banks will someday use it via Ripple Connect. It cant be mined as other currencies can, and its worth per coindespite holding the second largest market cap behind bitcoinhas yet to top $4. The stark differences dont end there. Larsen, a man in his late 50s, has a background in financial startups, and Ripples other now-departed cofounder Jed McCaleb is known for p2p software like eDonkey as well as being the original owner of Bitcoin exchange Mt. Gox. Ethereums cofounder Vitalik Buterin is only 23 years old, and dropped out of college after receiving a Thiel Fellowship. More ge Continue reading >>

Ethereum Co-founder Says Crypto Coin Market Is A Time-bomb

Ethereum Co-founder Says Crypto Coin Market Is A Time-bomb

Ethereum Co-Founder Says Crypto Coin Market Is a Time-Bomb Startups have raised $1.3 billion through digital coin sales Regulation is biggest threat to digital tokens, Hoskinson says Initial coin offerings, a means of crowdfunding for blockchain-technology companies, have caught so much attention that even the co-founder of the ethereum network, where many of these digital coins are built, says its time for things to cool down in a big way. People say ICOs are great for ethereum because, look at the price, but its a ticking time-bomb, Charles Hoskinson, who helped develop ethereum, said in an interview. Theres an over-tokenization of things as companies are issuing tokens when the same tasks can be achieved with existing blockchains. People are blinded by fast and easy money. $1.3 billion this year in digital coin sales,surpassing venture capital funding of blockchain companies and up more than six-fold from the total raised last year, according to Autonomous Research. Ether, the digital currency linked to the ethereum blockchain, surged from around $8 after its ICO at the start of the year to just under $400 last month. Its since dropped by about 50 percent. Hoskinson, whoruns technology research firm IOHK, is part of a growing chorus of blockchain watchers voicing concern about the rapid surge in cryptocurrency prices and digital coin crowdsales that have collected millions of dollars in minutes. Regulation is the biggest risk to the sector, as its likely that the U.S. Securities and Exchange Commission, which has remained on the sidelines, will step in to say that digital coins are securities, he said. Startups raising money through ICOs usually skip the safeguards required in traditional securities sales, like making sure theyre dealing with accredited investors an Continue reading >>

Bill Gates Calls Cryptocurrency 'super Risky' In Reddit Ama

Bill Gates Calls Cryptocurrency 'super Risky' In Reddit Ama

Bill Gates is not a fan of cryptocurrency. During a recent "Ask Me Anything" session on Reddit , the Microsoft co-founder said that the main feature of cryptocurrencies is the anonymity they provide to buyers, and Gates thinks that can actually be harmful. "The government's ability to find money laundering and tax evasion and terrorist funding is a good thing," he wrote . "Right now, cryptocurrencies are used for buying fentanyl and other drugs, so it is a rare technology that has caused deaths in a fairly direct way." When a Reddit user pointed out that plain cash can also be used for illicit activities, Gates said that crypto stands out because it can be easier to use. "Yes anonymous cash is used for these kinds of things, but you have to be physically present to transfer it, which makes things like kidnapping payments more difficult," he wrote. Gates also warned that the wave of speculation surrounding cryptocurrencies is "super risky for those who go long." The plan for Bill and Melinda Gates' $1.7 billion investment in America's public education system Gates isn't the first big name to speak out against the speculative assets . His close friend Warren Buffett also predicts a disappointing outcome. "In terms of cryptocurrencies, generally, I can say with almost certainty that they will come to a bad ending ," the chairman and CEO of Berkshire Hathaway said. "When it happens or how or anything else, I don't know," he added in an interview on CNBC's " Squawk Box " from Omaha, Nebraska. "If I could buy a five-year put on every one of the cryptocurrencies, I'd be glad to do it, but I would never short a dime's worth." Legendary investor Jack Bogle agrees. "Avoid bitcoin like the plague. Did I make myself clear?" said the Vanguard founder in response to an audience ques Continue reading >>

What Is Ethereum? A Step-by-step Beginners Guide

What Is Ethereum? A Step-by-step Beginners Guide

If you want to know what is Ethereum and how it works and what it can be used for, without going deep into the technical abyss, this guide is perfect for you. Important Note: This guide assumes a basic understanding of blockchain technology. If youre unfamiliar with blockchain, check out this step by step introduction for beginners . Beyond Bitcoin & first generation decentralized applications Although commonly associated with Bitcoin , blockchain technology has many other applications that go way beyond digital currencies. In fact, Bitcoin is only one of several hundred applications that use blockchain technology today. [Blockchain] is to Bitcoin, what the internet is to email. A big electronic system, on top of which you can build applications. Currency is just one. Sally Davies, FT Technology Reporter Until relatively recently, building blockchain applications has required a complex background in coding, cryptography, mathematics as well as significant resources. But times have changed. Previously unimagined applications, from electronic voting & digitally recorded property assets to regulatory compliance & trading are now actively being developed and deployed faster than ever before. By providing developers with the tools to build decentralized applications, Ethereum is making all of this possible. At its simplest, Ethereum is an open software platform based on blockchain technology that enables developers to build and deploy decentralized applications. Is Ethereum similar to Bitcoin? Well, sort of, but not really. Like Bitcoin , Ethereum is a distributed public blockchain network. Although there are some significant technical differences between the two, the most important distinction to note is that Bitcoin and Ethereum differ substantially in purpose and capabil Continue reading >>

What Is Bitcoin Cash And How Will It Affect Everyone

What Is Bitcoin Cash And How Will It Affect Everyone

What is Bitcoin Cash and How Will It Affect Everyone Thats how long I had been happy for BIP91 until Bitcoin Cash (BCC) was announced on Saturday the 22nd of July. Is this good news? Lets find out. More than 90% of the Bitcoin miners expressed their happiness toward SegWit as well. That, unfortunately, wasnt enough for the other camp to come up with their own stuff. Folks, who opposed the SegWit technology, had announced that Bitcoin would be hard forking anyway. And it will be happening quite soon. Well, do you remember getting excited for the 1st of August? Thats right, its the same date. In under a week, we will have two separate Bitcoins: the original Bitcoin as you know it today (BTC) and Bitcoin Cash (BCC). Bitcoin Cash is a peer-to-peer electronic cash. In short, anyways. Its sole purpose is to focus on transaction capacity due to its 8MB block size. BCC comes with replay and wipeout protection. This ensures two Bitcoin chains wont get into each others way to disrupt user experience. It also eliminates the quadratic hashing problem as well as improves hardware wallet security. In addition to that, the Cash version allows for adjusting the PoW difficulty (proof-of-work) in a more efficient manner. This means that the 2016 block difficulty could be adjusted as required. Why is Bitcoin Splitting Into Two (again)? As mentioned above, some people werent happy with the SegWit way. But thats understandable. There are a lot of different wants, needs, beliefs and wishes. Its hard to please everyone. Its not developers fault either. Okay, theyve been extremely vocal and political for the past three years (and very ineffective at finding the middle ground) . But the fact is, they just write code and its up to people (and miners) whether to run it or not. If a chain is upda Continue reading >>

Bitcoin, Ethereum, Litecoin: 3 Reasons To Doubt Cryptocurrencies - Cbs News

Bitcoin, Ethereum, Litecoin: 3 Reasons To Doubt Cryptocurrencies - Cbs News

By Anthony Mirhaydari MoneyWatch December 13, 2017, 9:16 PM 3 reasons to doubt bitcoin, ethereum, litecoin and other cryptocurrencies Last Updated Dec 13, 2017 9:16 PM EST Bitcoin's euphoric rise has spread, something like cancer, into other "alt coins," pushing up the value of ethereum and litecoin, among other cryptocurrencies. Ask the regular Joe diving into cryptocurrencies via credit cards the difference between regular bitcoin and various bitcoin "forks" like bitcoin cash, bitcoin gold and bitcoin diamonds. Joe probably doesn't care. Price hikes are creating the excitement , not any real currency trading discussions on, say, statement-of-work vs. proof-of-stake. The focus is on whether bitcoin will hit $20,000 on the U.S.-focused exchanges (already eclipsing that mark in South Korea, where the crypto mania is even bigger). Nothing else seems to matter. But the bitcoin bulls, especially those who care about the bigger picture, need to answer these issues; In a chart from Convoy Investments that went viral Tuesday, bitcoin is now officially the biggest bubble the world has ever seen , as measured as a multiple of its starting price. The spike eclipses the chaos around Dutch "tulip mania" in the 1600s, the Mississippi Bubble of the 1700s, and the dot-com bubble of the late 1990s and early 2000s. The rise has been so swift and severe that even bitcoin insiders are joining with regulators and other officials to warn of the downside risks. Coinbase founder Brian Armstrong wrote in a blog post that bitcoin prices are volatile and that folks should "invest responsibly." Mike Novogratz, a famed hedge fund manager turned crypto-investor, called it "the biggest bubble of our lifetimes." Even the founder of liitecoin told potential buyers Monday night that buying his currenc Continue reading >>

Salt Lending - Bitcoin, Ethereum Blockchain-backed Loans

Salt Lending - Bitcoin, Ethereum Blockchain-backed Loans

This depiction is a summary of the processes for obtaining a loan or making an investment. Terms and Conditions Apply. Loans are not made by SALT Lending. SALT Lending is a Platform. All loans are subject to review and approval. For example, a one year $10,000 loan with a rate of 10.00% APR would have 12 scheduled monthly payments of $880. Annual percentage rates (APRs) through SALT vary. Eligibility is not guaranteed, and requires that a sufficient pool of liquidity is available to fulfill your request and that you meet other conditions. Individual US citizen borrowers must be a permanent resident and at least 18 years old. Valid bank account and social security number/FEIN are required. Refer to The Membership Agreement and The Subscriber Agreement for details and all terms and conditions. Borrowing against collateral entails risk and may not be appropriate for your needs. Salt Lending does not provide legal or tax advice. Please consult your advisor. SALT Lendings notes are issued pursuant to a Prospectus. You should review the risks and uncertainties described in the Prospectus related to your possible investment in the notes. Not FDIC-insured; investments may lose value; no SALT or bank guarantee. SALT takes your privacy seriously. Please see our Privacy Policy for more details. Continue reading >>

3 Simple Ways To Buy Ethereum Instantly - A Complete Beginner's Guide

3 Simple Ways To Buy Ethereum Instantly - A Complete Beginner's Guide

Last updated on December 14th, 2017 at 08:16 am Note:If youre looking to buy Ethereumfor trading purposes only you may want to check out Plus500 Ethereum CFD trading. Keep in mind that when trading CFDs your capital is at risk. Lately there has been a lot of talk about the hottestaltcoin in the community Ethereum. Ethereum is a cryptocurrency and a blockchain platform with smart contract functionality. Its basically a decentralized platform for developers to build apps on top of and it was invented by Vitalik Buterin in 2013. Ethereum can be used to codify, decentralized, secure and trade just about anything: voting, domain names, financial exchanges, crowdfunding, company governance, contracts and agreements of most kind, intellectual property. Well, Ether is the currency of the Etherium platform. Etherwill be required by anyone wishing to build upon oruse the Ethereum platform. Just like BItcoin, Ether can be traded around the web and mined. In a second Ill show you exactly where you can buy it. Most people use the term Ethereum to refer to the currency instead of Ether and thats why it can get so confusing. The total supply of ether and its rate of issuance was decided by the donations gathered on the 2014 presale of the currency. The results were roughly: 60 million ether created to contributors of the presale 12 Million (20% of the above) were created to the development fund, most of it going to early contributors and developers and the remaining to the Ethereum Foundation 5 ethers are created every block (roughly 15-17 seconds) to the miner of the block 2-3 ethers are sometimes sent to another miner if they were also able to find a solution but his block wasnt included (called uncle/aunt reward) The founders of Ethereum state that Ether is not a currency as much Continue reading >>

Reddit Reportedly Removes Bitcoin As Payment, Cites Coinbase Change

Reddit Reportedly Removes Bitcoin As Payment, Cites Coinbase Change

Reddit Reportedly Removes Bitcoin As Payment, Cites Coinbase Change Reddit has reportedly removed the option for Reddit Gold to be bought using Bitcoin, apparently in response to Coinbase changing their merchant product. Reddit has reportedly removed the option for users to pay for their premium membership program, Reddit Gold, in Bitcoin (BTC) citing an upcoming Coinbase change, according to a Reddit post in subreddit /r/btc published March 23. Reddit user BitcoinXio posted a video of the steps to give another user Reddit Gold, showing that the only payment options are PayPal and credit card. Reddit user emoney40, a moderator of several subreddits but not /r/btc, commented that the change is due to the Coinbase Commerce change: The upcoming Coinbase change, combined with some bugs around the Bitcoin payment option that were affecting purchases for certain users, led us to remove Bitcoin as a payment option. Coinbase posted on its Medium page in early March 2018 about retiring Coinbase Merchant Tools in place of Coinbase Commerce, which they acknowledged may be disruptive to Coinbase Merchant Tool customers. As of April 30, merchants that used Coinbase Merchant Tools will no longer have access to that product, with May 31 as the final date for the required switch to Coinbase Commerce. User emoney40 also said that adding BTC back as a payment option is not a guarantee: We're going to take a look at demand and watch the progression of Coinbase Commerce before making a decision on whether to reenable. Some Reddit users on the thread commented that they were not using BTC to pay for Reddit Gold anyway, due to the high transaction fees . However, in February BTC transaction fees dipped below the price of Bitcoin Cash (BCH) fees, which had been one of the main talking points Continue reading >>

Is Ethereum Cash A Scam?

Is Ethereum Cash A Scam?

We say... double check and Google Ethereum Cash news. How to determine if Ethereum Cash is a scam? Please remember Ethereum Cash is missing some profile data This profile is waiting for 4 pieces of information. We are still waiting for the following pieces of information to be submitted Details about the team have not been submitted. Update Details about the whitepaper have not been submitted. Update Details about the Github Repository have not been submitted. Update Details about the available exchanges have not been submitted. Update Look through the Ethereum Cash checklist... Does the Ethereum Cash website ( ) look professional and contain the relevant information? The project team profile has not been submitted. The project whitepaper profile has not been submitted. Are you comfortable with the 24hr sales volume of $3982.64USD Go and have a look at the coinmarketcap information page ( ) - check out the historical price action, look at the charts, are you happy with financial statistics? Is the Ethereum Cash ( ) Facebook page active? Are you happy with the community engagement and sentiment? A Facebook page will have community members from all technical levels (beginners to experts). Is the Ethereum Cash ( ) Twitter account active? Are you happy with the community engagement and sentiment? A Twitter page will have community members from technical medium levels onwards (medium to experts) Is the Ethereum Cash ( ) Bitcointalk thread active? What is the general sentiment of the discussion and project engagement? A Bitcointalk thread will have community members from technical higher levels onwards (higher to experts). Is the Ethereum Cash ( , ) blockchain explorer show a healthy blockchain with plenty of transactions? thread active? What is the general sentiment of the Continue reading >>

Useless Ethereum Token

Useless Ethereum Token

The world's first 100% honest Ethereum ICO. You're going to give some random person on the internet money, and they're going to take it and go buy stuff with it. Probably electronics, to be honest. Maybe even a big-screen television. Let's be honesteveryone's tired of ICOs. They get hyped up for weeks, and then they launch and clog up the Ethereum network for days, Coinbase goes down for a while, and then investors see the new tokens lose most of their value. This ICO is going to be different. The UET ICO transparently offers investors no value, so there will be no expectation of gains. No gains means few investors, few investors means few transactions, and few transactions means no Ethereum network lagnot to mention no depressing posts on /r/ethtrader about people losing all their savings! I learned all about Ethereum smart contracts and Solidity over a weekend so I could launch this ICO. Most of the smart contract contract code is copied from GitHub and Stack Overflow posts, so it should be pretty much right right? Also, I definitely didn't have any smart contract experts look at the contract before I launched it. I mean, why bother? All the other ICOs go through weeks of auditing and they still end up with bugs and vulnerabilities in their contracts. Unlike with every other token sale on the market, I can guarantee here and now that the value of UET will not (in fact, can not) reduce during or after the ICO. Since these tokens aren't worth anything to start with, there's nowhere to go but up! But rememberthis is a completely honest ICO, which means I don't want anyone to mistakenly expect the value of the tokens to go up, either. They're called Useless Ethereum Tokens for a reason. The UET crowdsale has finished. Thanks to everyone who contributed! (Regardless of th Continue reading >>

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