andy mclellan

149 Flips | 6 Magazines | 1 Like | 1 Following | 6 Followers | @cleloid | Keep up with andy mclellan on Flipboard, a place to see the stories, photos, and updates that matter to you. Flipboard creates a personalized magazine full of everything, from world news to life’s great moments. Download Flipboard for free and search for “andy mclellan”

Why Cryptocurrencies Are in for a Very Bad Day

Judge Jack B. Weinstein, who has served in New York’s Eastern District since 1967, filed a 79-page preliminary injunction against a cryptocurrency …

$1.6 billion cryptocurrency exchange Coinbase isn't adding Ripple after all — and it's obvious why not

Post anything about Coinbase on Twitter, and you'll find a common thread in the replies: Users begging for the $1.6 billion startup to add the popular XRP cryptocurrency to its exchange.<p>So it's no shocker that the price of XRP surged after rumors spread that Coinbase would finally enable users to …

Cryptocurrency

Why Ethereum weathered the cryptocurrency downturn better than Bitcoin

If 2017 was a dream for cryptocurrency enthusiasts, 2018 has been a swift return to reality. The value of Bitcoin, which increased over 1,000 percent last year, has decreased by close to 30 percent so far this year, and many other coins have followed suit. The cryptocurrency market has begun a …

Over 3,000 Ethereum Smart Contracts Contain Major Security Flaws

Ethereum smart contracts are hot technology as of right now. While many companies see merit in this technology, there are security issues a swell. …

Blockchain

Coinbase Says Customers Who Got Wrongly Charged Will Get Refunds

Coinbase, the largest U.S. cryptocurrency exchange, said some customers’ credit and debit cards were incorrectly charged and pledged that they won’t …

Riot Blockchain Tumbles After Expose Raises Manipulation Concern

Riot Blockchain Inc. shares tumbled as much as 34 percent after CNBC broadcast a report suggesting the rebranding of the former biotech-equipment …

JPMORGAN: Cryptos face a major hurdle even if they become widely accepted as money

You might have heard this before.<p>Cryptocurrencies are a bad store of value and a bad unit of account. As such, they're a bad form of money.<p>JPMorgan made that case in a wide-ranging note on cryptocurrencies sent out to clients on Friday. While the bank said it may make sense for some investors to …

Cryptocurrency

The final crackdown? China moves to completely ban and block cryptocurrency trading at home and abroad

China’s central bank, the People’s Bank of China, has announced that it aims to crackdown on cryptocurrency trading with bans on both domestic and …

Bitcoin Miners Fried in Game of Chicken

Bitcoin miners who've decided to stay in the game amid plunging prices may soon find that the well has run dry.<p>A 70 percent price drop since the …

As Bitcoin Crashes, Regulators Still Have No Clue What They're Doing

The heads of the Securities Exchange Commission and the Commodity Futures Trading Commission sat before a congressional committee this morning to …

U.S. regulators to back more oversight of virtual currencies

WASHINGTON (Reuters) - Digital currencies such as bitcoin demand increased oversight and may require a new federal regulatory framework, the top U.S. markets regulators will tell lawmakers at a congressional hearing on Tuesday.<p>Representation of the Ethereum virtual currency standing on the PC …

Cryptocurrency

Bitcoin could fall below $5,000 if this report on a mysterious cryptotoken is right

Some people think bitcoin’s spectacular price rise last year was manipulated by a cryptotoken called Tether that’s supposed to be pegged to the US dollar. Now, an anonymous report answers the question: What would bitcoin be worth without Tether? The answer: around $4,500, based on the current …

Cryptocurrency

As Bitcoin Bubble Loses Air, Frauds and Flaws Rise to Surface

SAN FRANCISCO — You did not have to be a technophobe to worry that the virtual-currency boom of the past year papered over plenty of problems.<p>The scale of those problems is starting to become clear as digital tokens have slid more than 50 percent in value from their peaks in early January, with …

The Game-Changing Blockchain Announcement You Probably Missed Last Week

Blockchain's non-currency applications are beginning to gain steam.<p>The past year and change has truly been incredible for cryptocurrency investors. …

Week of woe sends digital currencies down $250bn

Panic-selling on the cryptocurrency market wiped $250bn (£177bn) off the value of digital currencies this week as regulators across the globe stepped up efforts to crack down on the disruptive alternative assets.<p>Bitcoin plunged as much as 35pc to $7,600 in just five days while other major digital …

Banks ban credit purchase of cryptocurrency due to risks

Bank of America, Citigroup and JP Morgan Chase are anxious.<p>If you use your Bank of America-, JP Morgan Chase- or Citigroup-issued credit card to buy cryptocurrency, then you'll have to find an alternative ASAP. According to <i>Bloomberg</i>, the banks have banned crypto purchase using their cards due to …

Cryptocurrency

Coincheck loses $400 million in massive cryptocurrency heist

The exchange promises to reimburse all affected customers, though.<p>Tokyo-based cryptocurrency exchange Coincheck just made history, and not in a good way. It has lost around $534 million worth of NEM tokens, one of the lesser-known cryptocurrencies, after its network was hacked on January 25th, …

Cryptocurrency

Bitcoin, Ethereum, Bitcoin Cash, Ripple, Stellar, Litecoin, NEM, Cardano: Price Analysis, Jan. 27

<i>The views and opinions expressed here are solely those of authors/contributors and do not necessarily reflect the views of Cointelegraph.com. Every</i> …

There could be a silver lining even if the bitcoin bubble does finally burst | John Naughton

The widespread adoption of blockchain technology could be good news for the internet and its users<p>One would need to have the attention span of a newt to be surprised by what has happened – and is still happening – with bitcoin, the so-called cryptocurrency. Non-newts are immediately reminded of the …

Initial Coin Offering

After Math: If I had no loot

Tony Toni Tone totally saw this coming back in 1993<p>It was a week of lost and found fortunes in the tech world. The Feds charged My Big Coin Pay over its $6 million cryptocurrency scam, Netflix is poised to take home as many a four golden statues for <i>Mudbound</i>, Bungie's in hot water again over …

Mary J. Blige

First bot-based platform wants to make cryptocurrency trading available to everyone

Regardless of whether we’re headed toward the next dot-com bubble or not, there’s no denying the allure surrounding cryptocurrencies. There’s now more money in digital currencies and tokens than anyone could’ve predicted a few years ago.<p>A handful of blockchain startups have come up with solutions …

Cryptocurrency rivals snap at Bitcoin's heels

But it still got him a moment of fame when, according to Forbes magazine, Larsen briefly stole Facebook founder Mark Zuckerberg's spot as the …

Why you should stop worrying and start loving Bitcoin’s price changes

Cryptocurrency and Bitcoin. Two words, often seen as synonymous by a segment of the population, which are currently seeping into the vocabulary of the average Internet user.<p>Recently, one of the reasons why Bitcoin was discussed even amongst those who would not usually be concerned with the …

Tracking the Price of Bitcoin Has Never Been Easier

When bitcoin was first created, it was seen primarily as a virtual currency to be used for transactions between individuals. Those who owned bitcoin …

Major cryptocurrency conference no longer accepting Bitcoin payments

A Bitcoin conference has stopped taking the cryptocurrency as payment for tickets because of skyrocketing transaction fees and long processing time.<p>"Due to network congestion and manual processing, we have closed ticket payments using cryptocurrencies," a note read on their website.<p>The North …

South Korea may ban cryptocurrency trading amid fears of tax evasion

Cryptocurrency values tumbled following the announcement.<p>In a move that's sent bitcoin spiralling, officials in South Korea have announced plans to ban cryptocurrency trading in the country, though it would take time before such a ban in implemented. The plans come against a backdrop of concerns …

Cryptocurrency

Coinbase blames extreme buyer demand for last month's bitcoin cash disaster

Coinbase says extreme user demand is to blame for the huge spike in the price of bitcoin cash seen on its marketplace when the company opened up trading in the new cryptocurrency last month.<p>When the company first launched support for bitcoin cash on its GDAX exchange December 19, the price of the …

Beijing district court dismisses lawsuit against bitcoin exchanges

A Beijing district court dismissed a lawsuit against Chinese bitcoin exchanges, stating “people have the right to freely participate in bitcoin …

Judiciary

Bitcoin Can Drop 50% and China Miners Will Still Make Money

Bitcoin mining is so profitable in China that the cryptocurrency could fall by half and miners would still make money, according to Bloomberg New …