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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WIld west
LTC news was interesting. Any more background on why the developer moved on?
STEEM On!!
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?
Thanks for sharing.
jrlo is right!! Thanks for this post!! With so much going on the the crypto space it's hard to keep up.
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
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.
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Excellent summary report of what's going on in Cryptocurrencies.
Thank you for sharing.
@Yehey
It really was a good report, I agree @Yehey.
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?
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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.
Even if it's shocking, we all kinda got used to it, considering past occurings
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.