What a week in crypto.. Im scared of what can come out tommorow!

cron (66) · 7 years ago

WIld west

$6.15

davebrewer (59) · 7 years ago

LTC news was interesting. Any more background on why the developer moved on?

STEEM On!!

$2.35

lawrenceho84 (69) · 7 years ago

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?

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jrlo (55) · 7 years ago

Thanks for sharing.

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8 votes

toxichustle (38) · 7 years ago (edited)

jrlo is right!! Thanks for this post!! With so much going on the the crypto space it's hard to keep up.

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haiduong (34) · 7 years ago

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

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yehey (63) · 7 years ago

Excellent summary report of what's going on in Cryptocurrencies.

Thank you for sharing.
@Yehey

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yonny (60) · 7 years ago

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randowhale (67) · 7 years ago

This post received a 2.6% upvote from @randowhale thanks to @yonny! For more information, click here!

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felibaudino (49) · 7 years ago

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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vonnaputra (59) · 7 years ago

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

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6 votes

orangeshasta (52) · 7 years ago

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.

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sunmaker (41) · 7 years ago

Even if it's shocking, we all kinda got used to it, considering past occurings
well

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geofftk (45) · 7 years ago

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

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6 votes

toxichustle (38) · 7 years ago

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.

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gogoli (38) · 7 years ago

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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minnowsupport (70) · 7 years ago

Congratulations! This post has been upvoted from the communal account, @minnowsupport, by stan451 from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, and someguy123. The goal is to help Steemit grow by supporting Minnows and creating a social network. Please find us in the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.

If you like what we're doing please upvote this comment so we can continue to build the community account that's supporting all members.

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blockchainttmft (52) · 7 years ago

Nice to see that Litecoin didn't lose any value since that announcement!

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blackamine (52) · 7 years ago

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.

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10 votes

sadekj (58) · 7 years ago

Exactly my thoughts.
Everyone is excited about expansion and profits in the cryptocurrency world, and security is getting less attention than it deserves.

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warranke (28) · 7 years ago

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.

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biggy345 (47) · 7 years ago

Yea definately

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ernstjan (52) · 7 years ago

Wow.. I'm just holding. Curious to see what will happen.

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anforo (56) · 7 years ago

Things shouldn't always go smooth

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orionschariot (57) · 7 years ago

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.

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http://blog.genesis-mining.com/genesis-mining-service-update

sadekj (58) · 7 years ago

Actually Genesis-Mining themselves announced the hack. You can read it here :

It seems to be under c

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https://steemit.com/bitcoin/@aleph/rothschild-yellen-and-the-bitcoin-guy-did-we-get-fooled-how-deep-does-the-rabbit-hole-go

aleph (34) · 7 years ago

Don't forget this one.

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joeparys (73) · 7 years ago (edited)

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

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cyberblock (65) · 7 years ago

That's what THEY want

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bitcow (34) · 7 years ago (edited)

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.

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californiarecipe (25) · 7 years ago

Why not keep them on an exchange? Would you kindly elaborate.

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bitcow (34) · 7 years ago

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.

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kingscrown (81) · 7 years ago

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 :)

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https://steemit.com/bitcoin/@aleph/rothschild-yellen-and-the-bitcoin-guy-did-we-get-fooled-how-deep-does-the-rabbit-hole-go

aleph (34) · 7 years ago

What about this news ?

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technolotrade (44) · 7 years ago

Agreed

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techwizardry (65) · 7 years ago

With all the shit going on today, I'm not sure I even want to get out of bed tomorrow.

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ackza (72) · 7 years ago

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!

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olyup (55) · 7 years ago

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!

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grizgal (55) · 7 years ago

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!!

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gurudeva (49) · 7 years ago

It's to the point where I can't possibly keep up with all the crypto news. It's crazy.

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jyotirmay (46) · 7 years ago

Thanks for this post .......:) :)
I UPVOTED you
you can see my blog @jyotirmay
give your UPVOTE in my blog post & this comment :]

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minhnguyen1994 (63) · 7 years ago

Good work like always ! Thanks Kingscrown !

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Why the $BCC Fork Will Cause a Short Squeeze in Bitcoin That Affects You

belerophon (56) · 7 years ago

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dutch (61) · 7 years ago

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.

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clemdane (52) · 7 years ago

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.

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masteranibal (55) · 7 years ago

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.

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magnum.cross (28) · 7 years ago

Bubbleboy vs mudpie theory from aantop at work!

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yoda1917 (55) · 7 years ago

Holy shit... this resembles an anarchy that may occur if the power grid went down out in the tangible world...

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alexthemagician (56) · 7 years ago

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.

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teatree (63) · 7 years ago

I had no idea that Bittrex was going to distribute BCC - I hope Poloniex does as well.

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6 votes

bravoman21 (31) · 7 years ago

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.

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hilongs (42) · 7 years ago

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.

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niceviewsua (49) · 7 years ago

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

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paulygg (42) · 7 years ago

Glad to hear Bittrex providing $BCC for their users.

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niceviewsua (49) · 7 years ago

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

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gdreyer (44) · 7 years ago

This is madness

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cyberblock (65) · 7 years ago

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??

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jamesbrown (62) · 7 years ago

First come the pawn moves, then the real game begins!

What does that mean? I don't know, but it sounds profound!

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https://news.bitcoin.com/one-of-the-largest-bitcoin-mixing-services-closes-its-doors/

rjona1 (41) · 7 years ago

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

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delhite (41) · 7 years ago

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

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murasaki (40) · 7 years ago

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

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adr (28) · 7 years ago

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?

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shortnews (25) · 7 years ago

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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patricksbc (44) · 7 years ago

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.

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shaw1 (47) · 7 years ago

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!

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codenovember (40) · 7 years ago

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!

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youngjerv (54) · 7 years ago

Interesting updates in the cryptocurrency space, thanks for sharing great content we can all benefit from

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cha-ching (35) · 7 years ago

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.

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gab.fernando (36) · 7 years ago

shutdown of BTC-e may affect the price of Bitcoin and other coins as the coins circulation will not enough.

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paprikachips (39) · 7 years ago

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!

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claudeskitchen (42) · 7 years ago

Keep up the good work with your posts!! :)

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flybendor (47) · 7 years ago

Thanks for the update!

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arifulla (26) · 7 years ago

Very scary week indeed...............

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steeleminer (41) · 7 years ago

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.

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faheemahmad (50) · 7 years ago (edited)

Very Nice Sharing
Dear @kingscrown please follow me back and voteup my posts @faheemahmad
Thanks :)

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sadmanishrak (36) · 7 years ago

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.

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silveready1 (43) · 7 years ago

Hi I am a HUMAN BEING and NOT a Bot! (just thought you should know) Great info. thanks for posting - upvoted & following!

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jmsm2 (47) · 7 years ago

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 ?

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https://steemit.com/bitcoin/@skyflowers/skyflowers-co-0029-bitcoin-cash-the-plan-to-fork-bitcoin-back-out-into-the-real-world

skyflowers (47) · 7 years ago

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 )

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skycornish (55) · 7 years ago

If BTC splits to make BCC, what about BitConnect? Isn't it already using BCC?

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flatearthvegan (47) · 7 years ago

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!

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eutectico (48) · 7 years ago

Wow, Genesis Mining Hacked??!!!!
It certainly was not so easy ...

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derz (37) · 7 years ago

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.

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dannydu (28) · 7 years ago

Bitcoin world is always drama!

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nickh725 (50) · 7 years ago

Lots of news in this crazy week in cryptocurrency! More news surely on its way heading into August.

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grr8-one (33) · 7 years ago

What will it be like when all of it is main stream?

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makrotheblack (47) · 7 years ago

Thanks for sharing,really enjoyed it ,very useful.
Looks like we're heading for uncertain times.

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aprakarsa (39) · 7 years ago

Such a huge info.. that's why Genesis not paying since the 21st. Well, hopefully all sort out..

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alohahawaii (50) · 7 years ago

Within chaos shines the light of opportunity. Nice post.

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ralph.clayton (54) · 7 years ago

the end is near

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stealthtrader (67) · 7 years ago

You may want to edit:

The ysay withdrawals will be back soon.

Under "Genesis Mining Hacked"

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shezz (25) · 7 years ago

#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

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viraldrome (67) · 7 years ago

There is always so much drama in crypto world. There always seems to be another hack and coins stolen.

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niceviewsua (49) · 7 years ago

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

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imransoudagar (64) · 7 years ago

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???

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mikev (56) · 7 years ago

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

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cryptor47 (37) · 7 years ago

A nice sum of the important things this week.
I don't doubt next week will be very interesting and potentially profitable!

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staro (25) · 7 years ago

nicecode

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websensei (46) · 7 years ago

You 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 :)

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finnian (58) · 7 years ago

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?

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akkha (59) · 7 years ago

Great compilation ! Informative post.
Thank you so much for your effort.
👍👍👍

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ssd213 (35) · 7 years ago (edited)

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

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arckrai (62) · 7 years ago

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

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irfansardar (48) · 7 years ago

It will goes more down upto 2000 for correction purpose after that btc will green day by day !

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somecoolname (55) · 7 years ago

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)

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ikenna (37) · 7 years ago

@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.

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nettybot (45) · 7 years ago

This post received a 100% vote by @nettybot courtesy of @netuoso from the Minnow Support Project ( @minnowsupport ). Join us in Discord.

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kingscrown (81) · 7 years ago

thanx @netuoso

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theabsolute (63) · 7 years ago

Interesting times!

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rkreddy (47) · 7 years ago

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!

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behamot (42) · 7 years ago

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 ).

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ssd213 (35) · 7 years ago

a big shout out to ctyprox that did their diligence and helped catch the crminals at btc-e
http://archive.is/6cFcY

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eroche (67) · 7 years ago

I am surprised there aren't more movies made about the Crypto space.

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https://www.cryptocoinsnews.com/dope-bitcoin-inner-city/

bitcoinsky (44) · 7 years ago (edited)

There was a movie made about bitcoin called,"Dope". I highly recommend! It's very well done!

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eroche (67) · 7 years ago

Great thanks for that. I will check it out.

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mynewsteemit (55) · 7 years ago

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.

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jaredsc (38) · 7 years ago

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.

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mynewsteemit (55) · 7 years ago

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.

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zulcarlay (25) · 7 years ago

Thank you for information 1 vote

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jimjam1210 (60) · 7 years ago

wow lots of news good post

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earthcustodians (67) · 7 years ago (edited)

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

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onetin84 (62) · 7 years ago

we're are in stormy waters right now i think. After the huge rise in the first half of 2017 many including me awaited a crash of Bitcoin to levels maybe a $1,000 but until now we see it near all time high since two months! If you look at past spikes of Bitcoin it was a pattern and people like pattern. But this time it was different (you know what people say in a bubble like that :) ) it just oscillates around $3,000 longer than before but how long it will last?

Every day good and bad, new assets are rising their armies and swords and in the meantime Bitcoin takes a rest with nearly 50 percent market share .. taken into account that there are battles between users and miners to strengthen the aged technology.

I was scared by John Mcafee just a little bit because we taking many things for granted, and you perfectly show what's going on with security issues. Holding money at exchanges is like to wait for the next raid of hackers to welcome them for harvest.

The ICO frenzy is going on and the next, and the next, and the next big thing pops out. If dev leads are changing camps than there are turbulent times ahead. I am excited about and looking forward what's next.

Thank you!

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johncobra (44) · 7 years ago

Looks like the collapse of the exchange)

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zararina (65) · 7 years ago

Really need to triple quadruple securities measures as hackers were getting more skilled.

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irfanismail (25) · 7 years ago

Thanks for sharing

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