BitcoinInsider

Earlier this year, nearly every device with an Intel CPU was affected by the Meltdown and Spectre vulnerabilities. The two vulnerabilities allowed hackers and malicious actors to steal passwords and sensitive information from devices, by accessing the memory and secrets of programs on the operating system of devices. Meltdown, easier to exploit than Spectre, breaks the basic isolation between user applications and the operating system of devices, leaving memory and private data vulnerable to attacks. Spectre, more difficult to exploit but also harder to detect, allows malicious actors to trick error-free programs to leak secrets, leading sensitive data to be released. In January, Oleg Andreev, the protocol architect at blockchain company Chain, stated that proof-of-stake (PoS) is an "incompetent" idea because when major vulnerabilities like Meltdown and Spectre are exploited, private keys stored locally in memory are retrievable. When private keys are lost, attackers can ea...

The deputy chair of Turkey's Nationalist Movement Party (MHP), Ahmet Kenan Tanrikulu, has written a 22-page report seeking to highlight the regulatory vacuum that presently exists in Turkey pertaining to cryptocurrencies. The report also makes a number of policy recommendations for the development of a regulatory framework for virtual currencies, including advocating that Turkey develop a national cryptocurrency. MHP Chair Authors Cryptocurrency Report Turkish Minister Proposes National Cryptocurrency Minister Ahmet Kenan Tanrikulu The MHP deputy chair and former Industry Minister, Mr. Tanrikulu, has written a detailed report seeking to encourage Turkish lawmakers to develop a regulatory apparatus for cryptocurrencies. In recent history, the Turkish government has struck a dismissive regarding cryptocurrencies, describing such as akin to a Ponzi scheme and warning prospective investors against seeking exposure to the virtual currency markets. Mr. Tanrikulu is concerned that Turkey ...

After a few days of positive cryptocurrency momentum, it seems the markets may turn bearish as we head into the weekend. Such a  turn of events is anything but surprising, as we have seen some very solid gains all week long. Even though the mood is souring, the Bitcoin Cash price is still making some major gains. With a 10.78% increase over the past 24 hours, it seems things look pretty good. SOLID BITCOIN CASH PRICE GAINS HAVE ARRIVED Even though most cryptocurrency enthusiasts and speculators only focus on Bitcoin and Ethereum, the ecosystem is about so much more than just two currencies. While not everyone is convinced Bitcoin Cash is here to stay, it has become evident this altcoin has a more than loyal following. Additionally, we see various service providers and retailers switch from Bitcoin payments to Bitcoin Cash in recent months. All of this is also impacting the Bitcoin Cash price. With the rough start of 218 seemingly behind us, it is time to look toward the future. In th...

Late 2017 will long be remembered as the time when bitcoin went mainstream. Prices were mooning, and the general atmosphere was one of fear of missing out. That sentiment was especially true in trading circles, and more traditional outlets were experimenting with cryptocurrency divisions in order to take advantage. One such experiment went sour, as a trader attempted to play upon relative company ignorance by shorting bitcoin and covering personal margin calls, with the affair ending in million dollar losses and a first of its kind federal prosecution. Bitcoin Trader Faces 20 Years in Prison Consolidated Trading, LLC's Joseph Kim, according to federal authorities, emailed, "Until the end I was perversely trying to fix what I had already done. I can't believe I did not stop myself when I had the money to give back, and I will live with that for the rest of my life. You have every apology I have to give, I am sorry to betray you all like this." John R. Lausch Jr, United...

As all cryptocurrency markets show a sign of life again, things are looking pretty good all across the board. So far, the Lisk price has seen some positive changes over the past week. Even though there was a big dip along the way, the overall trend seems to be intact right now. With the current Lisk price of $23.83, things are looking rather interesting for this particular altcoin. Maintaining a positive trend will prove to be difficult in the long run, though. It is quite interesting to see how things evolve in the world of cryptocurrencies. More specifically, we have seen several weeks of negative pressure, but things are certainly heading in the right direction once again. Even the Lisk price is noting some solid gains, as this particular altcoin has been on the rise for quite some time now. With a solid 16.83% gain over the past 24 hours, the Lisk price is making up a lot of lost ground in quick succession. All of this is achieved despite a rather low trading volume, though. Whil...

This past week bitcoin cash (BCH) markets have been suffering from the bearish sentiment plaguing cryptocurrencies across the board. On February 6 the price of BCH reached a low of $740 per coin but has since bounced back to the $950-1,050 region on Bitstamp Tuesday evening. Bitcoin Cash Markets Begin to See Recovery Ahead This week bitcoin cash markets took a hit as BCH had lost roughly $588 USD (-39%) in value over the past seven days. At the moment the price has rebounded and is coasting along at just between the $950-1,050 zone after bouncing back much of Wednesday's trading sessions. BCH trade volume has been averaging roughly $650 million to $1 billion over the past week. Exchanges swapping the most bitcoin cash today include Okex, Bitfinex, Hitbtc, GDAX, and Huobi. Currently, the top currencies traded with bitcoin cash include BTC (57%), USD (21%), tether (USDT 11%), the Korean won (4%), and the euro (2%). On February 7, 2018, the price of bitcoin cash is hovering around $1,...

Jordan Belfort, known colloquially as the "Wolf of Wall Street", has yet again cast doubt on Bitcoin, this time in a video interview with entrepreneur Patrick Bet-David, posted on Bet-David's Facebook Jan. 31. Belfort told Bet-David that he doesn't believe Bitcoin (BTC) itself is a scam, referring to it as the creation of "financial anarchists". He does think, however, that the way the cryptocurrency was built is a "perfect storm for manipulation". Belfort believes that the rising price of BTC can be attributed to wild speculation because of what he sees as improper use of the cryptocurrency: "Something [BTC] was designed to be used as a currency, and it's being used as an investment vehicle [...] As a currency, Bitcoin is no more useful at $20,000 or $100." Belfort spoke negatively about the potential for manipulating crypto markets due to the thinness of the market, specifically referencing the case of Olaf Carlson-Wee, an early ado...

The crypto markets have been having an interesting week to put it mildly. Seas of red and deep cuts have had the vultures circling, the weak hands folding, and the naysayers expending their lifetime's allocation of "I told you so's". While the last two weeks have been painful for anyone who bought bitcoin in December or ripple in January, they've been welcomed by many as "a necessary correction" and an opportunity to pick up cheap coins. Flash Sale for a Limited Time Only Ripple. At times of sudden upward or downward movements, market psychology is fascinating to watch. The giddy highs of December, when crypto traders found themselves stupidly rich and refreshing their portfolio apps in disbelief, feel like a lifetime ago. Only three weeks ago CNBC were shilling $3 ripple and a token designed for the global dental industry had a billion dollar market cap. Something had to give, and when it did, it was inevitable which coins would bear the brunt of the ...