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Bitcoin News Friday, February 9

Bitcoin News TLDR / Table of Contents

Score: 6677.1130856897735
URL: https://www.cnbc.com/2018/02/08/bitcoin-reached-its-bottom-as-crypto-funds-beat-hedge-funds-crypto-investor-says.html?__source=twitter%7Cmain
Tweeted At: Fri Feb 09 00:24:37 +0000 2018
Publish Date: 2018-02-08T19:24:31+00:00
Author: Kellie Ell

  • Bitcoin should return to peak levels in the next couple of weeks and will continue growing from there, said digital currency investor Dan Morehead.
  • “There’s such an institutional appetite to get exposure to this,” said Morehead, who is founder and CEO of Pantera Capital, a hedge fund and investment firm that works exclusively in cryptocurrency and blockchain technology.
  • In 2017, the firm launched an ICO, or initial coin offering, fund and a digital asset fund, receiving returns of 549 percent and 188 percent, respectively.
  • When bitcoin peaked in mid-December, trading around $19,500, the cryptofund was up 2,922 percent and collected more than $2 billion in assets under management.
  • “We’re certainly aware it’s a very speculative market,” said Morehead, who first bought bitcoin for $72 and watched the digital coins fall below $6,000 earlier this week.

Tags: investor Dan Morehead, Pantera Capital, pretty wild circumstance, hedge fund, half-a-trillion-dollar asset class

Score: 2741.345913969408
URL: http://abcnews.go.com/Politics/bitcoin-popular-political-campaign-donations/story?id=52873921
Tweeted At: Fri Feb 09 07:37:36 +0000 2018
Publish Date: 2018-02-07T00:00:00+00:00
Author: More From

  • Rand Paul accepted bitcoin campaign contributions during his 2016 presidential bid, according to The New York Times, and before that, Jared Polis accepted bitcoin donations in his 2014 congressional campaign.
  • Patrick Nelson, a Democrat running in the 21st congressional race in New York, has been doing the same, announcing the move on Twitter in August and writing that “we’re a 21st Century campaign as such we embrace new technologies like press secretary Paul Paterakis told ABC News that their campaign…
  • BitPay did not respond to ABC News’ requests for clarifications about the suspension in New York, but did confirm that they have supported bitcoin contribution operations for several political campaigns.
  • When Nelson’s campaign was still able to accept bitcoin, Paterakis told ABC News that they raised about $400 worth of bitcoin from “less than half a dozen” individual donors.
  • The most bitcoin donations the FEC has on record so far in this election cycle were made to Democrat Brian Forde’s current congressional campaign in California’s 45th district — his campaign received bitcoin worth more than $66,000 in August and September of 2017.

Tags: ABC News, bitcoin donations, campaign, campaign contributions, bitcoin campaign contributions

Score: 2448.7639639639638
URL: https://finance.yahoo.com/news/snagride-building-origin-announcing-partnership-131700748.html?platform=hootsuite
Tweeted At: Fri Jan 12 23:43:52 +0000 2018
Publish Date: 2018-01-12T13:17:00+00:00
Author: Pr Newswire

  • LOS ANGELES, Jan. 12, 2018 /PRNewswire/ — SnagRide, America’s first long-distance ridesharing community that combines artificial intelligence with blockchain technology through Smart Contracts, is partnering with Origin Protocol.
  • Thanks to this partnership, we are pleased to announce that we will be integrating SnagRide with Origin Protocol to further our mission of efficiently bringing together drivers and passengers willing to travel together between cities and sharing the cost of the trip.
  • With the help of Origin, SnagRide will construct a long distance ridesharing ecosystem that is easy and convenient for cost-conscious travelers who prefer to travel by car on medium to long distance trips while having a congenial experience and reducing their carbon footprint.
  • We are thrilled that SnagRide has decided to build on the Origin Platform and we look forward to collaborating with SnagRide and their team.”
  • – Josh Fraser, Cofounder, Origin Protocol – – “We conceived SnagRide as an innovative transportation platform that uses technology to make long distance carpooling very easy and affordable for the traveling public.

Tags: Skip, Origin Protocol, SnagRide Building, Market Summary, Personal Finance

Score: 2052.5878237574098
URL: https://www.cnbc.com/2018/01/26/bitcoin-criticized-at-wef-in-davos-but-cryptocurrency-world-fights-back.html
Tweeted At: Fri Jan 26 17:20:30 +0000 2018
Publish Date: 2018-01-26T06:22:30+00:00
Author: Arjun Kharpal

  • Bitcoin was hammered by top business leaders at the World Economic Forum in Davos, but those in the cryptocurrency world had a message of their own.
  • There was an official session on it, CNBC ran a few panels about the subject in The Sanctuary, and there was even a dedicated spaced called Crypto HQ, which focuses on blockchain technology.
  • While the potential of blockchain, the underlying technology behind cryptocurrencies, was praised, bitcoin got slammed.
  • Nobel Prize-winning economist Robert Shiller told CNBC ahead of Davos that it may be around for 100 years, though it’s more likely to collapse. – – “
  • (Bitcoin) might totally collapse and be forgotten and I think that’s a good likely outcome but it could linger on for a good long time, it could be here in 100 years,” Shiller told CNBC.

Tags: economist Robert Shiller, CNBC, World Economic Forum, good likely outcome, good long time

Score: 1390.111835788206
URL: https://www.nytimes.com/2018/02/08/technology/cryptocurrencies-come-to-campus.html?smid=tw-nytimes&smtyp=cur
Tweeted At: Thu Feb 08 22:45:01 +0000 2018
Publish Date: 2018-02-08T14:10:14+00:00
Author: Nathaniel Popper

  • Bitcoin is given credit for creating the first blockchain, a ledger of transactions that is updated by a network of computers without relying on any central company or government.
  • “The students in my class are from every possible discipline,” said Campbell Harvey, a professor at Duke’s business school, who is teaching a class with 231 students this semester.
  • The computer scientists, meanwhile, are digging into the cryptography that virtual currencies use to secure their wallets and transaction data, as well as the design of the distributed computer networks that make blockchains possible.
  • Vinny Tuminelli, a business school student sitting at the back of the Berkeley class, said that during an internship at Anheuser-Busch last summer, the blockchain had come up in an “innovation team” he was on.
  • Berkeley students have created a campus club that offers multiple courses on blockchain technology, taught by the students themselves.

Tags: business school, virtual currencies, science professor, ,

Score: 1247.7834390181495
URL: https://www.economist.com/news/finance-and-economics/21736556-indeed-crypto-plunges-make-other-asset-prices-look-tame-bitcoin-and-its-rivals?fsrc=scn%2Ftw%2Fte%2Fbl%2Fed%2Fbitcoinanditsrivalsoffernoshelterfromthestormcryptocorrection
Tweeted At: Fri Feb 09 21:19:30 +0000 2018
Publish Date: 2018-02-08T00:00:00+00:00
Author:

  • After an exhilarating ride skywards in 2017, investors in crypto-currencies have been rudely reminded that prices can plunge earthwards, too.
  • Tether allows users to move money across exchanges and crypto-currencies without converting it back into “fiat” (central-bank-backed) money first.
  • They say that suspiciously large quantities of Tether were issued whenever the bitcoin price was low, and were allegedly traded for bitcoin on Bitfinex, a large currency exchange.
  • And BitConnect, a platform that borrowed customers’ crypto-currency in exchange for monthly returns, folded in mid-January following allegations that it was running a Ponzi scheme.
  • In America the heads of the Commodities Futures Trading Commission and the Securities and Exchange Commission, two regulators, testified to a Senate Committee this week; they agreed on the need to protect investors, albeit without stifling innovation.

Tags: Incapsula incident ID, ,

Score: 1116.5416868045654
URL: http://www.bbc.co.uk/news/technology-42958325?ocid=socialflow_twitter
Tweeted At: Tue Feb 06 11:26:27 +0000 2018
Publish Date: 2018-02-06T17:46:01+00:00
Author: BBC News

  • Image copyright – Getty Images – – – – – Image caption – – The price of Bitcoin has fallen below $6,000, as governments continue to tighten crypto-currency legislation – – – – The value of Bitcoin has fallen to below $6,000 – its lowest price since November 2017.
  • As of Tuesday: – The price of Ethereum, which at its height on 9 January was $1,255.89, fell as low as $574.42 – Bitcoin Cash, which hit a peak $4,091.70 on 20 December 2017, slipped to $766.03 – Litecoin, which reached $366.01 on 19 December 2017, dropped to $106.94 -…
  • China and South Korea have already banned initial coin offerings, while Japan and Australia have taken steps to tighten Bitcoin regulations.
  • The US is likely to follow suit – on Tuesday, the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) testified before the Senate regarding digital currencies.The SEC’s chairman Jay Clayton said that his agency was already able to police initial coin offerings.But he added: “We…
  • “While not banning crypto-currencies, the financial regulators in both the UK and France have warned investors that they could lose all their money if they buy digital currencies issued by companies, known as “initial coin offerings”.

Tags: initial coin offerings, news website Coindesk, virtual currency exchanges, Chinese state media, digital currencies

Score: 876.771402173913
URL: https://www.cnbc.com/2018/02/07/bitcoin-price-could-hit-50000-this-year-experts-say.html?__source=sharebar%7Clinkedin&par=sharebar
Tweeted At: Thu Feb 08 06:51:15 +0000 2018
Publish Date: 2018-02-07T03:47:29+00:00
Author: Arjun Kharpal

  • Cryptocurrencies could go on a bull run greater than last year and pass the trillion-dollar mark in terms of value, experts told CNBC, following a recent violent sell-off across digital coins.
  • On Wednesday, it was trading above the $7,000 level as the cryptocurrency market stabilized.
  • At its lowest point on Tuesday, the total cryptocurrency market saw over $550 billion wiped off its value.
  • “Increasing regulatory recognition of cryptocurrency exchanges, the entrance of institutional capital and major technology developments will contribute to the market’s rebound and push cryptocurrency prices to all new highs this year,” Thomas Glucksmann, head of APAC business development at cryptocurrency exchange Gatecoin, told CNBC by email on Tuesday.
  • The technology advancements Glucksmann referenced include bitcoin’s so-called Lightning Network, which would boost the very slow transaction speeds using the cryptocurrency.

Tags: recent violent sell-off, total cryptocurrency market, recent cryptocurrency sell-off, cryptocurrency exchange Gatecoin, Nasdaq CEO Adena

Score: 690.3725718580185
URL: http://www.independent.co.uk/news/business/news/bitocin-loans-digital-currency-collateral-ethlend-coinloan-nebeus-a8109991.html
Tweeted At: Thu Dec 14 15:09:45 +0000 2017
Publish Date: 2017-12-14T11:08:49+00:00
Author: Olga Kharif

  • Bitcoin’s price hovered around $17,000 (£12,648) much of this week, giving the cryptocurrency a total market value of almost $300bn.
  • People controlling about 10 per cent of the digital currency would probably like to use it as collateral, estimates Aaron Brown, a former managing director at AQR Capital Management who invests in bitcoin and writes for Bloomberg Prophets.
  • Someone looking to tap $100,000 in cash would probably need to put up $200,000 of bitcoin as collateral, and pay 12 per cent to 20 per cent in interest a year, according to David Lechner, the chief financial officer at Salt, which has arranged dozens of loans.
  • Late last month, London-based startup Nebeus began helping third-party lenders offer loans backed by bitcoin and ether, another cryptocurrency.
  • In a twist, some lenders are hoping to use blockchains — digital ledgers akin to those underpinning bitcoin — to facilitate lending.

Tags: early bitcoin investor, unsecured personal loans, total market value, Coronation Street, AQR Capital Management

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