What a week in crypto.. Im scared of what can come out tommorow!
This is a short recap of just.. 3 days. If you want to know more about chosen topics use google or check my previous posts (most stuff is covered there as the story develops).
BTC-E Goes Down
Posted yesterday, its their longer downtime now. Connected to arrest of their friend, rumour says they have to move everything and change after the arrest. But also its possible they wont come back and money will be gone.
MtGox Hacker Arrested
Lots of mixed infos on this now but here is current recap of all sources i have:
guy wasnt the hacker but knew owners of exchange and helped to lounder stolen coins from few exchanges on BTC-E.
SEC Calls ICOs Securities
Due to DAO Hack USA decides to protect people from bad investments and calls them Securities which puts extra laws on those. ETH stil lcalled currency and now most coin crews just make sure to edit stuff to be shown not as security.
https://www.sec.gov/oiea/investor-alerts-and-bulletins/ib_coinofferings
Genesis Mining Hacked
This site is most shilled for mining and they got hacked and lost funds yesterday. The ysay withdrawals will be back soon.
Bittrex to Give BCC to Users
BCC is the chain split of BTC into altcoin called BCC that will happen 1st August.
Shaolinfry Quits LTC
Hes the guy who helped to code up SegWit activation for LTC.
Rassah Quits Mycellium
Ive been not recommending Mycellium since long time but seems now team is splitting too.
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hey @kingscrown -
This is a great trove of information. I didn't know it was a hack on Genesis Mining.. and as a customer, this seems like a good thing to know.
have a great rest of your day!
@mikev
Sadly a lot of doom and gloom in the past weeks. They say you got to take the rough with the smooth, so with all that rough surly there is a hell of a lot of smooth on the way. (fingers crossed)
A lot of madness has been happening with the crypto space lately it just means that the security needs to be tightened up! Unfortunate with genesis though, they're a solid company and I'm glad they were honest about being attacked this makes me trust the company even more (I know its funny right) but that shows integrity and so I'll def stick with them eventhough I'm behind like 5 payouts.
I almost lost a few coins on a wallet the other day. It reminds me of that this thing takes a lot of time until average joe can use it without worryinga bout the security of exchanges or wallets etc.
Yea definately
Exactly my thoughts.
Everyone is excited about expansion and profits in the cryptocurrency world, and security is getting less attention than it deserves.
Lots of good info in this post, thanks for sharing. Let's see whats going to happen in the coming days, best of luck to everybody out their holding!
Such a huge info.. that's why Genesis not paying since the 21st. Well, hopefully all sort out..
Probably will be a great time to buy btc after 1 august, hopefully the price will decrees, I am very curious what will happen with his value.
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Looks like the collapse of the exchange)
great post.. please help mine
https://steemit.com/horror/@ferroche/the-most-terrifying-monsters-ever-tau-and-kerana-the-seven-paraguayan-myths
This is so frustrating. They build good reputation in years and then spoil it in no time. What a waste! Thanks for updating. Upvoted and resteemed!
Yes, scarry times.
One more: there will be options on BTC, so esentially BTC got hacked by big institutions :-(
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enough news to make your head spin, slightly more than any other week, but these stories seem more able to influence prices of certain coins.
It's been a crazy week, and don't forget about LedgerX,: “On Monday, a bitcoin options exchange called LedgerX won approval from the Commodity Futures Trading Commission to clear bitcoin options, making it the first U.S. federally regulated platform of its kind,” reports The Wall Street Journal.
I didn't know Genesis was hacked. Would have been nice if they would have disclosed that information.
Great info brother. Thanks for posting it all in one place here.
Don't forget this one.
https://steemit.com/bitcoin/@aleph/rothschild-yellen-and-the-bitcoin-guy-did-we-get-fooled-how-deep-does-the-rabbit-hole-go
Actually Genesis-Mining themselves announced the hack. You can read it here :
http://blog.genesis-mining.com/genesis-mining-service-update
It seems to be under c
Really crazy whats going on. I will be glued to my seat come August 1st to see changes. People are saying Bitcoin down under $1,000? Time to sell? @kingscrown
I wouldnt sell but we are at historical point so nobody can predict whats up.
If you sell you wont get your BCC tokens.
I have no idea what will happen :)
What about this news ?
https://steemit.com/bitcoin/@aleph/rothschild-yellen-and-the-bitcoin-guy-did-we-get-fooled-how-deep-does-the-rabbit-hole-go
Agreed
That's what THEY want
There's too much hype around august 1st. This is a long game. Look at the big picture and you'll sleep better. Hold on to your coins, diversify and don't keep them at an exchange.
Why not keep them on an exchange? Would you kindly elaborate.
Exchanges are magnets for hackers. They have the control of your security keys. Its ok for a moderate amount but don't put all your eggs there.
I suspect many ICO's will state US residents are not allowed to purchase. It's hard to enforce though. Would be nice if government stayed out of crypto, it's done really well without interference.
Do you think US residents will be able to participate in ICOs after the initial funding round? Or, not at all. Basically, US residents can invest in equities but not IPOs if they are not accredited investors.
I would guess only if ICO follows all the securities laws and becomes listed. I don't the process of that for IPO's but I bet it's complex and expensive.
Wow.. I'm just holding. Curious to see what will happen.
I think all of this was bound to happen. Now that crypto is becoming extremely popular, almost to the point that Bitcoin is a household term, security and privacy are going to be challenged on multiple platforms. I think this is just going to make everything better for investors and actual users of the coins in the future.
Bubbleboy vs mudpie theory from aantop at work!
I've profited very much from my crypto earnings, so overall, I am very happy.
There are some seriously rocky waves right now. Short term it is really hard to say where things are going. Long term looks promising, but that short term is a crap shoot.
With all the shit going on today, I'm not sure I even want to get out of bed tomorrow.
It's not the beginning of the end, it's the end of the beginning.
Sheshhh... so much news! Hope all is well soon!
This is all a signal that perhaps this speculative bubble we are all living in is close to popping. I don't mean to sound alarmist because I think its honestly a good thing and cannot wait for the stability and prosperity to come after only the strong companies survive.
Very good summary of Crypto news in one place....thanks for posting @kingscrown. Is there any way you can update this post as other similar developments hit the news ?
Even if it's shocking, we all kinda got used to it, considering past occurings
Thanks for sharing,really enjoyed it ,very useful.
Looks like we're heading for uncertain times.
Thank you for presenting important information in your post is very useful for us all and have given the impression here, i am very happy to see this post hopefully you always can menberi and make like this, hope you always succeed and get the achievement like that Have you hoped
Interesting updates in the cryptocurrency space, thanks for sharing great content we can all benefit from
Well, I keep accounts on multiple exchanges, and within that one exchange I'll have only one coin stored. I cannot trust a hardware wallet. Knowing my luck, I'd lose it. I use crypto as one of many baskets too, so I do not have all my wealth tied up within the coins.
Still, this is one reason I like Steem Power, for it would be very difficult to hack it. It seems to be a very safe place to store my crypto profits too. I'll make money on exchanges, buy STEEM, and transfer the profits to Steemit. That's a decent strategy?
I find it awefully strange that all this happens within a few days of each other right before segwit gets implemented and bitcoin should moon. Seriously what is going on??
First come the pawn moves, then the real game begins!
What does that mean? I don't know, but it sounds profound!
I'm thinking with all these news, the crytocurrency market is being cleaned out of its anarcho capitalist old guard to make way for the more mainstream future. With exchanges with lax KYC rules like BTC-E being closed down along with shutdown of darknet marketplaces like AlphaBay and Hansa . The market is shedding its shady past to accept a more corporate future
There is also the case of the biggest BTC mixer closing and urging others to close down also saying Bitcoin has no future with drug/weapon traffic or any other illegal activity. I'm thinking it is getting hot for the businesses who try to protect the identity of its users
https://news.bitcoin.com/one-of-the-largest-bitcoin-mixing-services-closes-its-doors/
wow lots of news good post
I personally have just started getting into the world of crypto and so far its a blast. That being said, because I just started, I do not have much invested in the market yet but the future seems bright for it and I cannot wait to really sink some time and money into it! Great and informative post!
Hello! My name is @murasaki and I will be translating your post into Spanish, thanks for your contributions, in each post I will respect your authorship and place your user
I somehow feel I dodge a bullet on the BTC-E news. I only got back into cryptocurrency over a month ago and had a very tiny amount sitting in there. No clue how it did not just go missing in my absents. Just glad I no longer have anything sitting in there from years ago.
I’ve been trying not pay attention to the clock counting down on this. It's close enough now I should get a seatbelt on and be ready. Put what little I had into STEEM since I just didn't want to have to stress over dealing with a split like that.
I’m mostly interested in seeing how the SEC ruling on ICO will play into everything in the long run.
what a crazy week, thank you so much for the info. Following you and upvote and resteemed.
Holy shit... this resembles an anarchy that may occur if the power grid went down out in the tangible world...
security should be increased more! share more info. upvoted
You guys have to invest in EOS. It will replace Ethereum! DO YOUR RESEARCH!!!
Wild and woolly times; crypto is like the Wild West of currency LOL. Just build your roll, see it through and I genuinely believe everything will continue to expand over time. We just need to be patient to ride out the ups and downs.
no need to be afraid if we see the long term
A lot of churn going on, but that is also healthy for the long term. Cryptocurrency is just getting started... 5-10 year bull market ahead of us!
When you thought of investing since you see the potential then all these slams to your face. XD Just laugh it off and wait..hahaha
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Excellent post @kingscrown, I liked the narrative, very interesting for managing bitcoins , I follow you, we must support ourselves as a community, I would appreciate it if you give me a look at my last post and give me your opinion, greetings and success in everything! to resteem :)
I think we will continue to see these kinds of things as the crypto communities become more and more main stream. Unfortunatley, that is one of the downsides, whenever there is money in something for people to take advantage of, that is where the hackers and scammer will be
Very true, but it was the same during the Tech bubble 1995-2000, and we see just how the world changed from that. All the new innovation came from the demise for companies like Pets.com, eToys.com etc.
Right now we'll see a lot of garbage companies/tech that will get shaken off the crypto tree over the next few months.
I think the SEC announcement is probably the most influential right? This really hinders the altcoin market. However, I know some coins are exempt because they were previously ruled as not being securities. This makes things like bitcoin and litecoin an even greater commodity than they were before. I feel like they are poised to shoot up soon, dont you think so?
Hi, and thanks for some very great info. New to all this here. So getting around and trying to read up on alot of GREAT info on steemit. I will definitely be following your posts. Upvoted and followed.
Why the $BCC Fork Will Cause a Short Squeeze in Bitcoin That Affects You
There is no guarantee, or even strong likelihood, of that happening. For the same reasons we could see a crash that bottoms out around August 1 or 2 and then a climb back up.
Glad to hear Bittrex providing $BCC for their users.
Lot to follow but thanks for posting!
really crazy
LTC news was interesting. Any more background on why the developer moved on?
STEEM On!!
Hi I am a HUMAN BEING and NOT a Bot! (just thought you should know) Great info. thanks for posting - upvoted & following!
BTC-e exchange associated with arrest in Greece - in the case of money laundering through bitcoin
https://steemit.com/news/@niceviewsua/btc-e-exchange-associated-with-arrest-in-greece-in-the-case-of-money-laundering-through-bitcoin
What's your take on the bitcoin fork? I just wrote an article called "Bitcoin Cash: The Plan To Fork Bitcoin Back Out Into The Real World."
... The value of Bitcoin Cash is easy to see. But you need to look at its value from a FIAT currency perspective and not from a crypto currency perspective if you are going to see that value.
The word "cash" provides the biggest clue. It was no doubt chosen for the new currency because it invokes a sense of tangibility ( and normalcy ) in the minds of people. The target market for Bitcoin Cash is ordinary consumers... ( read more )
https://steemit.com/bitcoin/@skyflowers/skyflowers-co-0029-bitcoin-cash-the-plan-to-fork-bitcoin-back-out-into-the-real-world
If BTC splits to make BCC, what about BitConnect? Isn't it already using BCC?
Thanks for the cool and very useful summary of the news on the crypto world... Reading all that did make my heart rate go up... bitcoin and now even litecoin is worrying me.
Wow, Genesis Mining Hacked??!!!!
It certainly was not so easy ...
One would think that BTC-E would have some sort of shtf plan in place in case their laundering adventure unraveled. It's a shame if they don't return, I used to visit just for the troll box.
Bitcoin world is always drama!
Lots of news in this crazy week in cryptocurrency! More news surely on its way heading into August.
What will it be like when all of it is main stream?
Seems everyone is scared and nobody knows for sure what will happen.
This reminds me of 1999 and the 'millennium bug'
Nothing happened then and I think nothing will happen now.
Great buying opportunity if you have the money!
A centralised agency who will regulate ICO's is not good news. I know people have been hacked but they should be educated on "why they were hacked?" Or where did the missed out details?
So that they can learn from it be educated investors.
All centralised autonomous agencies have a history on serving only the rich.
I would like to quote Andres Antonopoulos
Here is the video where he says this
Within chaos shines the light of opportunity. Nice post.
the end is near
You may want to edit:
Under "Genesis Mining Hacked"
#BTCe $110M Fined - To be a good Crypto Trader, What we must learn? @btcecom https://steemit.com/bitcoin/@shezz/btce-usd110m-fined-to-be-a-good-crypto-trader-what-we-must-learn
There is always so much drama in crypto world. There always seems to be another hack and coins stolen.
nice shearing....!
This is bad. Every other day we hear about Crypto sites and exchanges getting hacked. This will scare away the newbies.
The question remains answered; will Cryptos go mainstream???
Things shouldn't always go smooth
A nice sum of the important things this week.
I don't doubt next week will be very interesting and potentially profitable!
nice
codeYou have written about really important things on cryptocurrency market. We have difficult situation now, but it's temporary. Market will be on good way soon :)
Thanks for sharing.
Excellent summary report of what's going on in Cryptocurrencies.
Thank you for sharing.
@Yehey
jrlo is right!! Thanks for this post!! With so much going on the the crypto space it's hard to keep up.
These people aren't passing away, they are simply stating they are stepping away from Bitcoin. But is that possible? It's not like their passion and fascination for Bitcoin will fizzle away instantly overnight. I think these people will continue to influence Bitcoin despite what they have said publicly.
http://www.FlippyCoin.com is the #1 Cryptocurrency Exchange!
Great post. I had a chance to talk with a lot of investors from the BTC-e site. Here's another story about BTC-e
https://steemit.com/cryptocurrency/@haiduong/btc-e-suspended-who-lost
It really was a good report, I agree @Yehey.
Great compilation ! Informative post.
Thank you so much for your effort.
👍👍👍
I sold all my crypto holdings last week after the bounce; will wait for the bitcoin split noise to go down before getting back in
I'm glad that hacker has been arrested.
Hopefully the down time for BTC-E doesn't last too long.
I hope they return and do not just disappear
It will goes more down upto 2000 for correction purpose after that btc will green day by day !
The security concerns seem to be increasing every day as this gets popular. Like people are rushing towards crypto currency. Which is totally not a bad thing to do. It is a newer technology compared to what other forms of currency we used to have and still have.
I fear that this is going to become as unsecured as walking with a load of cash on the open street full of thugs. Which will turn out to be a nightmare for a lot of us. I hope that this thing is controlled soon before it gets too late.
@kingscrown I am optimistic crypto world will stabilize amidst this period of uncertainty. Ofcourse, there will be separations, hacks, soft fork and so on... All these 'ills' I presumed will firm crypto world currencies.
Thanks for this post .......:) :)
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Interesting times!
Personally, I am waiting for this weekend - its all going to go haywire! I decided to not sell or worry until 2018 so I am going to have lot of fun watching people go bonkers...
The only fkng regret I have now is that this stupid CoinBase has shutdown BTC transactions so I may not be eligible to take advantage of 'down trends' of market...
Those who have some spare funds should take advantage of this weekend! (and 2-3 weekends that follow)...
Good luck to all of us!
Thanks for sharing. I wonder if the crypto is even crazier that we think. For example the recent rise of altcoins could happen because that guy was laundering BTC on own exchange. So he effectively was exchanging BTC for alt and then repurchasing them without leaving any trace. ( as he own exchange he could wipe all logs at moment notice ).
a big shout out to ctyprox that did their diligence and helped catch the crminals at btc-e
http://archive.is/6cFcY
I am surprised there aren't more movies made about the Crypto space.
https://www.cryptocoinsnews.com/dope-bitcoin-inner-city/
There was a movie made about bitcoin called,"Dope". I highly recommend! It's very well done!
Great thanks for that. I will check it out.
Very scary week indeed...............
Thank you for information 1 vote
Hey, how do you think btc-e going down will affect btc price? Will we see a dump or the ammount of bitcoins that is no longer in circulation will maybe make the price go up?
Bitcoin & The Manic Bullishness Of The Crowds Struck Again (WAM/Jeff Berwick Talk Cryptocurrencies)
https://steemit.com/bitcoin/@earthcustodians/bitcoin-and-the-manic-bullishness-of-the-crowds-struck-again-wam-jeff-berwick-talk-cryptocurrencies
So it seems what made crypto currency a success may also be what could potentially bring it down. Now the people wants thighter regulations etc... Sounds familiar?
I had no idea that Bittrex was going to distribute BCC - I hope Poloniex does as well.
Is it always calm before a storm?
Maybe the saying is not true or maybe there is no storm on August 1th!
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Thanks for sharing
Fantastic update as always @kingscrown. Big news for Bittrex BTC holders with the BCC fork freebies!
Is BTC-e definitely shut down now?
Nice post @kingscrown
Thank you for the post! This was definitely an agitated week, especially for SEC's order I am pissed about that. What do you think will happen with onG social and its onGcoin ICO? It is not a normal ICO since it has been up and running for sometime now.
Get the popcorn and enjoy the 1 August. All things will go smoothly, after this i expect STEEM price to rise again.
Thanks for the update!
Really good and compact summary. I feel like a lot of dust is being kicked around but nothing apocalyptic is going to end up happening.
very good post!
shutdown of BTC-e may affect the price of Bitcoin and other coins as the coins circulation will not enough.
Congratulations @kingscrown!
Your post was mentioned in the hit parade in the following categories:
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Nice Post @kingscrown
So many news... I bought Eth this week.. and I have ANS in bittrex to keep.think it s safe there? Any wallet to keep ANS?
Nice to see that Litecoin didn't lose any value since that announcement!
I reckon the LTC will have a big crash too..
Genesis mining is no hacked. They are a scam.
https://www.genesis-mining.com/press
Its been a busy week!! Fingers crossed for some stability next week and maybe a gradual return to higher prices! Although it may be all the excitement that keeps us all around and not investing in the bond market!!
very nice!
Things be moving and shaking!
Just wait. A few days, and that BCC fork, and we'll be looking at enough drama to write a soap opera!
Excellent information. These are very timely information every crypto investor should have.
thanks for you share........@bdakram follow me bro.
That feeling you get when you move your money away from an exchange that then goes down for "unplanned" maintenance. Hope anyone else that still has money with them are able to get it back.
there is always bad times and good times - life is in black and white. Few years ago bitcoin exchanger closed people lost money, but after that in few years bitcoin went from 200-400 to 2500-3000$ of value, so lets hope after this btc-e , in future in next 1-2 year bitcoin will grow again.
Yes, the market doesn't seem to know what is going on. Hoping for good days ahead.
This is a good selection of crypto news headlines. Thanks for sharing them. I will subscribe if you keep these up.
thanks....... Upvote me and follow me Dear.
Yes, it is a crazy time for Bitcoin and crypto in general. But we will get through it. :)
Good one 👍👍
me too
You missed one:
The arrested "Mt.Gox hacker" ran BTC-e!
The man and his company both face criminal charges with potentially enormous penalties. I wrote a piece detailing the indictment: https://steemit.com/bitcoin/@olyup/btc-e-exchange-founder-faces-385-years-in-prison
Don't expect any of those funds to return any time soon - maybe never!
Hi friend, very good !!!!!
You would help me with a vote in my post., Thanks !!! ;)
Thank for this post you are always keeping us up to date with all the latest information regarding Cryptocurrency and Blockchain Tech you deserve the attention of the Legendary @ADSactly
It's to the point where I can't possibly keep up with all the crypto news. It's crazy.
Keep up the good work with your posts!! :)
thanks for sharing! 👍
This is all concise and good info. Followed
I am still new at this cryptocurrency world and its a true rollercoaster. I hope to keep learning more.
Wow thanks for all this great news. Just another reason why I trade on bittrex.
And yet Bitcoin just keeps going up. What happened to the hard fork flashcrash? Sorry, I'm asking rhetorically because I'm really asking myself.
PLEASE do more posts l;ike this!!! maybe I should do them too because theres SOOO much to keep track of right now!!!!!!
But this iwas SO useful
Your actualy creating posts more valuable than any bitcoin news website with its paid articles and ads, ur blog is WAY better !
and i hope you start making $1000 off each of these type of posts !!!
SO HELPFUL!
Whatsup with mycelium?
LOL its like crypto Armageddon!!!!!!! Is the CIA and US banking system declaring war?
Good work like always ! Thanks Kingscrown !
Very Nice Sharing
Dear @kingscrown please follow me back and voteup my posts @faheemahmad
Thanks :)
Thanks for sharing.!
Creepycurrency.
This post made my day...!!!!!
Thanks for sharing it..!!!!
upvoted and followed...!!!!
Stay calm. Everything will be fine
It is very scary! It is even scarier than the Scary Movie!
Man this is going to be very interesting.. Still see that btc is trending at 2.7 but for how long will this last.. Steemit seems to be choaking from spam heads too and overall madness all around.. Hope things get fixed soon..
thanks for sharing .... informative .
This is madness
Just want an opinion. We already have a BCC token on coinmarketcap.com which is Bitconnect (MLM coin) so what happens when 2 token have the same ticker?
Hang tight - it could get rougher.
Best thing you can do is follow the banks and their money (it's really our money they stole, but for the sake of this post we'll say it's theirs.) There are major banks buying up major amounts of coins as we speak as the prices fall. Banks have never invested heavily in something if they didn't know it would succeed. It's always been that way. Do your own research.
Buy prices are coming 😄 don't think to much about that ! the time of CryptoCurrencys will Come 😏 and all of you are in the First line 💪🏼
WIld west
I got tired of Googling crypto prices, opening 10 tabs from 10 exchanges or installing apps that take up 100 MB on my iPhone and do the same thing so I came up with a solution to our common problem, hopefully you'll find the solution useful
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Thanks for all your work. Just posted my FIRST ARTICLE. Would love your input, my article is called STEEM BILLIONS OR BUST.
Nice I follow you
I recently started following you, and your posts are awesome :) keep it up! @ronaldmcatee
I think the bubble of ICO should be removed. There are so many ICOs!!!
Thanks for sharing news.
Stolen all ETH on BTC-E exchange ! Please support post will follow back and upvote ! Please resteem !
https://steemit.com/news/@niceviewsua/transferred-all-eth-94-5-m-usd-from-wallet-of-btc-e-exchange
Latest news about what happened to BTC-E Exchange , confiscated domain, came the FBI ,The funds will be returned to everyone!
https://steemit.com/news/@niceviewsua/latest-news-about-what-happened-to-btc-e-exchange-confiscated-domain-came-the-fbi-the-funds-will-be-returned-to-everyone
Really need to triple quadruple securities measures as hackers were getting more skilled.
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