Adrian Lamo, hacker who turned in Chelsea Manning to FBI …

Adrian Lamo was found dead in his Kansas apartment Wednesday, March 14, 2018. (Reuters)

Adrian Lamo, the notorious computer hacker who turned in Chelsea Manning to the FBI and was arrested for hacking into The New York Times and Microsoft, has died in Kansas at age 37.

Sedgwick County spokeswoman Kate Flavin said Friday that Lamos body was at the morgue in Wichita. The Wichita Eagle reported Lamo was found dead in his apartment Wednesday.

Charley Davidson, a Wichita police officer told the media outlet there was nothing suspicious about his death. It was not immediately clear how Lamo died.


The computer hacker was living in Wichita for about a year, his friend Lorraine Murphy told theWichita Eagle. She said she sent Lamo a message in December 2016 asking how he was and he said he was homeless in Wichita.

Adrian was always homeless or on the verge of it, Murphy said. He bounced around a great deal, for no particular reason.

She added: He was a believer in the Geographic Cure. Whatever goes wrong in your life, moving will make it better. And he knew people all over the country.

Chelsea Manning was convicted in 2013 of leaking a trove of classified documents. (Reuters)

However, Lamo did not make many friends along the way. Murphy said he often received death threats for his hacking.

Davidson said there is no indication foul play is involved in Lamos death.


Manning, who is transgender and went by Bradley at the time of her arrest, was convicted in 2013 of leaking a trove of classified documents. President Barack Obama commuted her sentence and she was released from military prison in May 2017 after serving seven years of a 35-year sentence.

Following her release,Manningannounced in January she has filed to run in Maryland for the seat of Democratic Sen. Ben Cardin.

Lamo testified that Manning contacted him because of his notoriety in the hacking community. He said the two met online after Manning read an article about Lamo,The Guardianreported.

Adrian Lamo was arrested in 2004 for hacking The New York Times and Microsoft.(Reuters)

He told the British newspaper that he thought about Manning every day.

The decision was not one I decided to make, but was thrust upon me, he said.

Lamos father, Mario, wrote a post on toFacebookmourning the death of his son.

With great sadness and a broken heart I have to let know all of Adrians friends and acquaintances [sic] that he is dead. A bright mind and compassionate soul is gone, he was my beloved son.

He was convicted of computer fraud after he was arrested in 2004 for hacking The New York Times and Microsoft.

The Associated Press contributed to this report.

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Adrian Lamo, hacker who turned in Chelsea Manning to FBI …

Trading Cryptocurrency in 2018: The Definitive Guide

If youre like me, you think you missed out on the boom of the cryptocurrency industry. Youve probably heard stories of Bitcoin millionaires – regular, working class people who turned one months paycheck into a fortune that will keep them from ever having to work again.

Im here to tell you that the industry is still booming and its not too late to turn your own profit.

This is The Definitive Guide to Trading Cryptocurrency in 2018. By no means is this a guide to becoming a millionaire overnight, but by the end, you will know everything you need to know to begin trading, as well as some of the techniques and strategies that have proven to provide consistent gains.

What Is a Cryptocurrency?

There Are Some Risks With Cryptocurrencies

Cryptocurrencies Are Taxable In Most Countries

There Are Other Ways To Invest In Bitcoin

Begin Your Path To Crypto Trading

Trading Techniques That Will Grow Your Investment

When To Buy and Sell?

Position Sizing

Build a Strategy and Stick To It

Common Mistakes And How To Avoid Them

Pro Tips & Extra Resources

Before we jump right into trading, there are are a few things that we need to cover.

You should have a general understanding of what a cryptocurrency is because knowing the functional use of a coin can give you an edge when deciding your investments. There are hundreds of coins ranging from major players like Bitcoin (BTC) and Ethereum (ETH), to smaller coins that we refer to as altcoins. Each coin is unique and offers their own flunctional use cases. If youre feeling unclear about what a cryptocurrency is, check out some of the resources below. They give great explanations of Bitcoin and Ethereum, and blockchain, the underlying technology of which cryptocurrencies are built upon.

What is Bitcoin

How Bitcoin works

Explain Ethereum like Im five

TED Talk on blockchain

More technical view on how blockchain works

Huge collection of extra reading material on blockchain & Ethereum

Like any investment, you should be aware that there are risks with cryptocurrencies. Its going to take some work to protect your investment and some more work to grow it. Much about the direction that cryptocurrencies will take in the future is in turmoil, and this creates a very volatile market.

Trading is all about taking advantage of this volatility; the key is being smart about your investments, and patient enough to stick to your strategy.

The other major risk to be aware of is that hackers are always looking for vulnerabilities to exploit. One example is the more than $30 million worth of Tether coins that were stolen. The most surefire way to ensure the safety of your coins is by using a hardware wallet such as these by Ledger. Keep in mind that this will slow down your ability to trade those coins, as you will be transferring them between the device and your exchange accounts (more on wallets and exchanges soon).

If all of this sounds daunting, dont worry. As promised, well discuss more of what you need to know soon enough.

In 2014, the IRS declared cryptocurrencies a capital asset, thus making it subject to capital gains tax. This handy guide, breaks down how taxation works for each country.

With the booming industry that cryptocurrency has become, it is recommended to be aware of, and follow tax regulations.

As you know, the focus of this guide is all about trading cryptocurrencies, but there are other ways to get a hand in the pot. Some people choose to buy a cryptocurrency and forget about it, much like you would do with some stock in say, Amazon. Others are actually investing through the stock market via the Bitcoin Investment Trust (GBTC). If you are a firm believer in the future of Bitcoin, both are perfectly fine ways to go about it.

The advantage that trading has over these options is in the power of compounding.

In other words, our initial investments have the potential to grow exponentially, compared to those that sit on a flat amount of coins or stock.

Now that we have that stuff out of the way, lets work on making our first trade. The first things well need is to learn about are exchanges and wallets.

These are what allow us to buy and sell cryptocurrencies. There are a handful of popular crypto exchanges, some of them have advantages over others. For example, some exchanges dont allow us to deposit and withdraw using fiat currency like the U.S. dollar and euro; others arent available in certain countries. In this guide we will focus on two very popular exchanges, GDAX and Poloniex. GDAX gives us the ability to use our fiat currency to buy Bitcoin. Poloniex does not, but does give us a wide array of altcoins to trade. There, well be using major coins like Bitcoin and Ethereum to buy the altcoins, and vice versa. Other popular exchanges such as Kraken and Bittrex offer even more coins.

Keep in mind that keeping the number coins that you are trying to follow to a manageable amount is going to make trading a lot easier.

A manageable amount is obviously subjective and will vary for each person based on things such as time available to dedicate to trading. Feel free to do your own research to find the right exchange for you. I tend to value user experience of an exchange over the amount of coins on it. Ultimately, what exchanges you use is going to depend on your own personal preferences. GDAX and Poloniex will provide sufficient resources needed to be a successful trader, so they are definitely a good place to start.

No matter which you choose you will need to go through a verification process when signing up for your accounts. This sometimes involves submitting a picture of your id. All in all its usually a pretty straightforward process and shouldnt take more than a few minutes.

The next thing well need to do is deposit fiat currency into our account. The easiest way to do this is by adding a bank account. Once youve initiated the deposit, it will take 4 business days to appear in your account. Kind of a bummer, I know; but the idea is to only need to do this once, as well be growing this initial investment day by day with our trades.

When buying or selling on crypto exchanges, you have 3 different types of order at your disposal. You should be comfortable with each of them in order to be a successful trader.

Note that all orders have fees on them, though they are relatively small.

Market orders allow us to exchange any amount of coin right away at the current market price. Orders are filled using the best available price in the exchanges order book. For example, if you placed a market buy order for $100, it would buy from the lowest priced sell order(s) until you had used that $100. The advantage is that this transaction is always completed immediately; the disadvantage is that we dont know exactly what price we are going to get.

Limits orders allow us to place an order at a specific price. We can specify the amount of coin that we want to buy or sell, at the price that we want this to happen at. You may have noticed that the order book is always full of sell orders that are a little higher than the current price and buy orders that are a little lower. The advantage with limit orders is that we can do do the same with our orders. The disadvantage is that our transaction likely will not be filled immediately and will count on the market price to make its way towards us.

Stop limit orders are really only useful when selling coins. They allow us to set a condition: we specify a price, and if the price becomes less than or equal to that price, a market order is automatically placed for us. The advantage here is that if we need to step away and will not be able to watch the price, we have some protection if the market begins to plummet. The disadvantage is that we are counting on there being good buy orders available to fulfill our sells. If a massive amount of market sell orders were to be executed right before your stop is triggered, its technically possible to be left with the bottom of the barrel. This has happened before, but is not common.

I cant emphasize this enough: Trading cryptocurrencies is all about minimizing losses and maximizing gains. Were not going to win every time.

Well need to utilize all of these order types to do that to the fullest.

Once our GDAX account has been verified, and weve deposited some fiat currency we can finally make our first Bitcoin trade!

Here we are placing a market order. Notice that $100 would get us about 1% of a Bitcoin. Remember than with a market order, the amount of Bitcoin may differ slightly from the estimate here because the price of Bitcoin is constantly fluctuating.

Now imagine weve seen some indication that we are ready to sell.

A small loss, but perhaps the price was about to fall, in which case we got out just in time, minimizing our loss.

Weve made our first trade, simple as that!

We mentioned the various exchanges and now we need a way to transfer our Bitcoin between them. Wallets allow us to send and receive Bitcoins. If youre interested in a more technical explanation of wallets, you can check this out, but its certainly not required knowledge.

Creating accounts on GDAX and Poloniex gives us wallets that we can send Bitcoins between. Lets walk through sending Bitcoin from GDAX to Poloniex.

First, we need the deposit address of our Poloniex wallet. Find this by going to Balances, and then Deposits & Withdrawals:

Next well go to GDAX and initiate a withdrawal.

Fill in the amount of Bitcoin youll be transferring, and paste the address that you copied from your Poloniex wallet in as the destination.

Be careful to put the correct address because theres no getting your Bitcoin back if sent to the wrong address.

Once the transfer is initiated, it could take some time for it to be verified on the blockchain. Its not uncommon for it to take 15 minutes or more. Scaling and faster transaction speed is one of the major technical issues that Bitcoin and others are trying to solve.

There are several proven ways to make money trading cryptocurrencies. A lot of these techniques have been proven by their use on the traditional stock market. But the thing with traditional stocks is that youd be hardpressed to find the same kind of price swings as we see everyday with cryptocurrencies.

Consistent, significant price fluctuations mean more opportunities for us.

To use these techniques, we need to understand how to read charts.

If youve already opened up GDAX or some other exchange and you were overwhelmed at first, dont worry; you werent alone. Theyre called candlestick charts, and theres a quick video that explains the fundamentals really well.

Soon, well learn what you can do to perform a more technical analysis on these charts, and some things that you can look for to make informed decisions during your trading. For now lets go over some of those techniques we were talking about before.

Now that weve learned about bullish candlesticks in the chart reading video above, lets take a look at a bull run.

Trailing a bull run using stop orders is one of the most important techniques you can learn.

Lets do a case study. Here, Ive taken a 24 hour chart for Ethereum:

Notice the small bull run. Now imagine we had decided to buy Ethereum somewhere around that dotted line and just before 8pm. We saw it tick up after a string of bearish candles, and for whatever reason, thought it might continue its way upward. To minimize our losses (remember our goal is minimize losses and maximize gains), we set a stop order right away. Well set it near the bottom of those last couple bearish candles (about $474). Now as we watched the price work its way up, we would continue to raise our stop price. To do this, we would go to our open orders (every exchange will show this), and click cancel on the stop limit that we had just set. Shortly after 8pm, we mightve had a stop at $480 that wouldve been triggered. If youre stop limit is triggered and the signs point to the trend continuing youre able to buy back in with a profit already in your pocket.

We were protected, setting ourselves up for a quick profit, while at the same time being prepared for a huge profit if the price continued skyrocketing. This is the idea behind what can be a very powerful technique.

When buying cryptocurrencies, specifically altcoins, it is important to know a few details about them.

A major thing to note when evaluating a coin, are its functional use cases. Most coins will have some form of mission statement on their homepage. By understanding what purpose a coin serves in the real world, we will have a better idea of how to evaluate it further.

For example, there are cryptocurrencies, such as Litecoin, with the same goal as Bitcoin. In this case, it would be a good idea to compare its market capitalization with Bitcoin. This site ranks coins by market cap. Always be sure to check there when evaluating a new coin. If you notice a large shift in market cap on a certain date, it may be worth it to check for any news that day to see what may have caused it.

On the other hand, some coins serve a very unique function in the real world. For example, Power Ledger is a fairly new and interesting cryptocurrency. The goal of this project is to provide a system for consumers to trade electricity with one another. For a young project such as this, the best thing you can do is first decide whether you believe in the technology and the team behind it. The second thing you can do is read news surrounding the project. All of that information, along with a look at the coins market cap, is going to ultimately determine whether you think the technology might reach mainstream adoption, thus making an investment worth your while.

Now that we have an idea on how to get started evaluating a coin, we are better equipped to profit using another popular technique among traders.

ICOs, as you may have guessed, are much like IPOs. This is where coins are offered for the first time to the public. ICOs are not offered through exchanges, but rather you buy them directly from the creators of the project. Usually (its different for each project) you will send them Bitcoin or Ethereum that they will use to fund their project; in turn you receive a certain amount of their new coin.

One of the best resources for finding out about current or upcoming ICOs is here. If you see a coin that peaks your interest, be sure to be extra diligent when evaluating it. Since we have no historical data to gauge how the coin might perform, its very important to understand the real-world purpose of the coin. Another thing to note is whether the ICO is capped or not. Some ICOs will be capped at a certain number, meaning that people who are late to the part, will need to wait for the coin to be offered on exchanges.

Make sure to read up on all this information that you can find, including the coins white paper. Its common practice for coins to have one up on their site, explaining the technical details on how they plan to accomplish their goal. As you read it, see if you can determine whether you think those goals can be accomplished by the team or not.

The reason that we, as traders, would want to invest in these coins at their cheap initial price is simple: Once these coins do become available on exchanges, all of those people who missed out on the ICO, will want to buy in right away. This can lead to the price to skyrocket in a very short amount of time.

As traders, we will take a 10% quick profit any day of the week.

So far, everything weve discussed has involved taking a long position on a coin. That is, our focus has been buying a coin at a lower price than what we think we will be able to sell it at later. What if we have some indication that leads us to believe that the value of a coin is about to decrease? In this case, we could take a short position, which is the same technique that made some people boatloads of money during the 2008-2009 housing bubble.

To be able to take short positions, we need to understand margin trading. Trading on margin means we are trading with borrowed money. On exchanges like Poloniex, we can trade Bitcoin with a handful of coins (there are fewer coins offered for margin trading) with 2.5x leverage. That is, if we own 1 BTC, we can borrow up to 2.5 BTC to trade with. To be clear, this is not 2.5 BTC that we own. Now, on a trade that nets us 10% profit, we are bringing home .25 BTC instead of .1 BTC.

Like any other loan, this borrowed Bitcoin must be paid back with interest. On losses, you will need to pay back the loss and the interest. Poloniex offers up a great guide to margin trading that explains everything you need to know. Its worth reiterating that the estimated liquidation price is the price at which a forced exit from our position would occur, costing us all of the Bitcoin in our margin account so that it may be used to pay back the borrowed coin. Utilizing stop limits to avoid this is almost always a good idea.

It is NOT recommended to be taking long positions on a margin trade as an inexperienced trader.

So lets take our hypothetical 1 BTC from before and take a short position on Ethereum. We are able to borrow 2.5 BTC worth of ETH and sell it. 30 minutes later, the price of ETH has plummeted 10%. Now we can close our short position, buying back 2.5 BTC worth of ETH; except now, since the price has dropped, we are buying more ETH than what we sold. Our borrowed coin can be payed back and we take the rest as profit!

The idea here is simple: were going to buy a cryptocurrency on one exchange, and sell it on another. You may have noticed that the price of a cryptocurrency is often not the exact same on each exchange. How to take advantage of this is best described in this post.

Sure, it can be difficult to have a constant eye on the price of a coin on every exchange. Luckily traders have already built bots that can help and open sourced them for others to use.

Weve come a long ways in our path to becoming crypto traders, but there are still some very important things to learn. So far, weve learned how to do a fundamental analysis of a cryptocurrency, and that its important to do this so that we fully understand them before investing. But as traders, we need to understand what kinds of things tell us when should buy or sell. We need to understand technical analysis.

Technical analysis is the study of past price patterns. This will allow us to identify opportunities for profit. The cryptocurrency market, maybe more than any other market, has a herd mentality. The tendency, especially with inexperienced traders, is to buy when the price is raising, and sell when the price is dropping. We can take advantage of this with technical analysis.

This skill is much tougher to nail down that fundamental analysis. In todays world, everyone should be able to read up on a cryptocurrency and stay up to date with news because all the information is at our fingertips. To become a truly successful trader, we need to be using both fundamental and technical analysis all the time.

Bottom line: technical analysis is not a strategy. It is one of the tools we will use to help execute our strategy.

Identifying an opportunity does not mean you should dump 100% of your funds into a coin.

Coinigy is an incredibly powerful tool for anyone who is serious about crypto trading. This video from their team explains exactly what it can do for you, but to put it in laymans terms: It makes technical analysis a breeze and really simplifies the process of trading across several exchanges. It costs $15 a month and is at least worth trying out the the free 1 month trial to see how you like it.

TradingView offers the best chart reading software there is. Its also free (with ads that will go away with a paid plan). It helps out a ton with technical analysis, but does not connect with your exchange accounts to allow trading like Coinigy.

Remember those candlestick charts we see on every exchange? By studying them, we can find indicators, and understanding what these indicators mean can help us better predict the future price of the chart. There are tons of indicators and they can take some practice to become adept at identifying. You may find it easier to focus on practicing to identify them one by one until you become comfortable with them, slowly building your repertoire until you feel youre ready to go full boar with your trading career.

Read more:
Trading Cryptocurrency in 2018: The Definitive Guide

Bitcoin and Blockchain – Bloomberg

By and

Updated on January 28, 2018, 9:40 PM EST

When Bitcoin broke intopublic consciousnessin 2013, it couldnt have been sexier: a digital currency being used to buy everything from drugs to cupcakes. Then the excitement shifted to an aspect of Bitcoin that is a bit less sexy: public online ledgers. Blockchain the technology used for verifying and recording transactions thats at the heart of Bitcoin is seen as having the potential to reshape the global financial system and possibly other industries. Both Bitcoin and its blockchain are gaining imitators as well as adherents, along with plenty of critics, includingJamie Dimon, the chief executive officer of JPMorgan Chase & Co. Its recentwild price surge and fall has given ammunition to both.

The price of Bitcoin rocketed in 2017 before giving up much of those gains, as the debate raged on whether the cryptocurrency whose total value neared $300 billion in early December should be considered a legitimate financial asset. It got a huge boost when Cboe Global Markets Inc., started futures trading tied to the digital currency and CME Group Inc. andNasdaqInc., said they would follow suit. Futures trading will push Bitcoin closer to the mainstream by making it easier to trade without the hassles of owning it directly. Bitcoin began to look almost traditional compared with the new cryptocurrencies that raised more than $3.5 billion throughinitial coin offerings. Theirexplosive growth drew warnings from regulators around the globe even beforehackers stole almost $500 million worth of a digital token called NEM from a Japanese cryptocurrency exchange. The Bitcoin community came together (mostly) in November to reject a proposed software change that had threatened a split. Meanwhile, more than 100 banks are working within theR3 consortium,created to find ways to use blockchain as a decentralized ledger to track money transfers and other transactions. Australia’s stock exchange plans to start using blockchain to process equity transactions.Blockchain is also being tested by retailers like Wal-Mart Stores Inc. forensuring foodsafety, as industries explore what advantages the technology might hold over traditional databases.

Virtual currencies arent new online fantasy games have long used them but the development of a secure digital currency without a central issuer rightly turned heads. Mysterious spikes and drops in the price of Bitcoin since its birth helped build an early reputation for the currency as a tool for selling drugs and laundering money. Its history also featured arrests for Ponzi schemes. Theperson or peoplewho created the Bitcoin system under the pseudonym Satoshi Nakamoto solved a problem central to any currency preventing counterfeiting and did it without relying on a governments authority. The softwarealso solved one specific hurdle for digital money how to stop users from spending the same unit of currency twice. The breakthroughideawas blockchain, a publicly visible, anonymous online ledger that records every single Bitcoin transaction. Its maintained by a network of miners whose computers perform the calculations that validate each transaction, preventing double-spending. They earn a reward of newly issued Bitcoin. The pace of creation is limited, and no more than21 millionwill ever be issued.

Since Bitcoin first boomed, theres been no shortage of critics to call its rise abubbleand to argue that the currency has no intrinsic value. In September, Dimon called Bitcoin a fraud.But a month later his chief financial officer followed rivals at Goldman Sachs Group Inc. and Citigroup Inc. in expressing openness to working with cryptocurrencies.Entrepreneurs in the field say that focusing on the price of Bitcoin is missing the point its value is as proof of concept for a new kind of payment system not reliant on third parties like governments, big banks or credit-card companies. Others say blockchain advocates are hyping what amounts to no more than a new kind of database. Proponents of ether, the second most commonly used digital currency, respond that the etherium blockchaindoes far more than let Bitcoin users send value from one person to another. Its advocates think it could be a universally accessible machine for running businesses, as the technology allows people to do more complex actions in a shared and decentralized manner.

First published Oct. 3, 2013

To contact the writers of this QuickTake: Olga Kharif in Portland at Matthew Leising in Los Angeles at

To contact the editor responsible for this QuickTake: John O’Neil at

The rest is here:

Bitcoin and Blockchain – Bloomberg

What is Bitcoin? – Definition from

Bitcoin is a digital currency (also called crypto-currency) that is not backed by any country’s central bank or government.Bitcoins can be traded for goods or services with vendors who accept Bitcoins as payment.

Bitcoin-to-Bitcoin transactions are made by digitally exchanging anonymous, heavily encrypted hash codes across a peer-to-peer (P2P) network. The P2P network monitors and verifies the transfer of Bitcoins between users. Each user’s Bitcoins are stored in a program called a digital wallet, which also holds each address the user sends and receives Bitcoins from, as well as a private key known only to the user.

The Bitcoin network is designed to mathematically generate no more than 21 million Bitcoins and the network is set up to regulate itself to deal with inflation.Bitcoins can be spent by initiating a transfer request from a Bitcoin address in the customer’s wallet to a Bitcoin address in the vendor’s wallet. As of this writing, one Bitcoin (also called a BTC) is worth $104 — but just as with stocks, the value of Bitcoins can fluctuate quickly.

In the United States, Bitcoins are controversial because they can be used to anonymously transfer illicit funds or hide unreported income from the Internal Revenue Service (IRS). Bitcoin policy now requires transactions that involve traditional, government-backed currencies to be attached to an identity.

This CNN video provides an overview of Bitcoin:

Read more from the original source:

What is Bitcoin? – Definition from

Bitcoin – Topics

11:31 p.m. March 11, 2018 – By Kevin Kingsbury

Asian markets start the week off strong, building on last weeks rebound Nikkei pushes higher; New Zealand index sees record closeAsia-Pacific stock markets were higher Monday, building on a late-week rebound for the regions equities.

11:55 a.m. March 11, 2018 – By Shawn Langlois

Alt-coin traders share their portfolio-of-horror storiesBitcoins whipsaw reversal has been well-chronicled, but its the other digital currencies Reddit members were talking about when someone suggested, Lets play a game called How much down is your (alt) portfolio?

8:41 a.m. March 10, 2018 – By Maria LaMagna

This credit card will offer rewards in bitcoin and has 2,000 people on the waiting list This company has ambitions to start a credit card that gives crypto instead of pointsThis company has ambitions to start a credit card that gives crypto instead of points.

5:00 a.m. March 10, 2018 – By MarketWatch

The other assets that are in a bull market along with U.S. stocksU.S. stocks are not the only asset currently in a bull market. European, Japanese equities are also enjoying rising prices.

1:26 p.m. March 9, 2018 – By Barbara Kollmeyer

Bitcoin rout continues, records 5th consecutive losing day Brutal week sees bitcoin shed 20%Bitcoin prices continued to drop on Friday, as bloodbath in No. 1 digital currency persists.

1:00 p.m. March 9, 2018 – By MarketWatch

Dow closes above 25,000 while Nasdaq finishes at a record as stocks rallyThe Dow closes above the 25,000 mark and the Nasdaq ends at a record on Friday as Wall Street appeared to shake off worries about tariffs on steel and aluminum to focus on the jobs report that came in stronger than had been estimated.

12:12 p.m. March 9, 2018 – By Aaron Hankin

When will bitcoins bloodletting cease? Fundstrats Lee turns to the Bitcoin Misery Index for answers The value of a single bitcoin has shed about 20% of its value over the past week, but the worst may be near, says Lee The viscous selloff in bitcoin has even the biggest bulls scratching their heads. With a fall of more than 20%, and a raft of negative press, investors are searching for a signal to buy this dip.

6:57 a.m. March 9, 2018 – By Aaron Hankin

Heres how much it costs to mine a single bitcoin in your country Looking to mine bitcoin on the cheap? Head to Venezuela So, where is the cheapest place to mine bitcoin?

6:16 a.m. March 9, 2018 – By Victor Reklaitis

Go big on stocks as Trump has 1 huge reason not to launch a trade war, says quant Critical information for the U.S. trading dayStocks look set for a weekly win, amid buzz about the Trump-Kim meeting, tariffs and the jobs report. Fears about inflation, rates, trade wars and growth are overblown, says todays call from a J.P. Morgan guru whos overweight U.S. stocks.

1:24 p.m. March 8, 2018 – By Aaron Hankin

Bitcoin falls again, now down 20% on the week Futures markets record third consecutive losing dayDigital currencies take another step lower.

12:42 p.m. March 8, 2018 – By Maria LaMagna

Hush agreements and a credit card that will give rewards in bitcoin Thursdays top personal finance stories Thursdays top personal finance storiesThursdays top personal finance stories

12:29 p.m. March 8, 2018 – By Ryan Vlastelica

The best sector of this bull market is the greatest investment story ever told Internet stocks set the pace in markets 9-year bull runWhile the strategy of investing in internet-related companies will likely always be first associated with the dot-com era, the past decade has proved to be just as strong a period for the sector that has now influenced nearly every aspect of the economy.

12:10 p.m. March 8, 2018 – By MarketWatch

This weeks Mutual Funds and ETF storiesConventional investing wisdom tends to fall by the wayside when the stock market seems to offer only upside.

7:48 a.m. March 8, 2018 – By Ryan Vlastelica

Heres why retiring baby boomers wont create a stockmaggedon for millennials Market returns dont have a strong correlation to demographic trendsThe retirement of the baby boomer generation is one of the biggest shifts currently happening in the U.S., carrying significant long-term implications for government spending and the labor market. But could it have an impact on the stock market?

3:29 a.m. March 8, 2018 – By Carla Mozee

Japan suspends two cryptocurrency exchanges in hopes of strengthening security Japans crackdown comes after $530 million in NEM cryptocurrency was stolen Two cryptocurrency exchanges were temporarily suspended by a Japanese regulator Thursday as part of its effort for stronger security in the market after millions of dollars in digital currency was stolen earlier this year.

12:27 a.m. March 8, 2018 – By Shawn Langlois

Steve Bannon tells European audience: cryptocurrency will bring you true freedomAt this stop on his European speaking tour, Trumps former top adviser explained why digital currencies like bitcoin could be an asset to the Continents antiestablishment movement.

9:05 p.m. March 7, 2018 – By Ellie Ismailidou

How to invest in blockchain without buying bitcoinWhen it comes to blockchain technology, one of the most common mistakes investors make is equating blockchain to bitcoin and other cryptocurrencies. Here’s how to invest in blockchain without buying any cryptocurrency.

7:44 p.m. March 7, 2018 – By Mike Murphy

Crypto bull John McAfee says SEC is striking out in panic at digital currencies SEC had earlier warned of risk some crypto exchanges pose to investorsAnti-virus tycoon-turned-cryptocurrency bull John McAfee lashed out at the Securities and Exchange Commission on Wednesday night, claiming that the agency is running scared.

11:41 a.m. March 7, 2018 – By Sally French

Heres how many of the worlds ultrawealthy are increasing their cryptocurrency investments If youre like 21% of the worlds truly rich, youve gotten more into cryptos21 percent of respondents in an annual survey of wealth advisers and private bankers said their clients increased their investments in cryptocurrencies in 2017

10:29 a.m. March 7, 2018 – By Aaron Hankin

Binance tells customers funds are safe after tech glitchBinance CEO Zhao Changpeng on Wednesday said its customers’ funds were safe, as the head of the popular exchange attempted to assure investors after a glitch in its system. Reports of problems on the platform surfaced via online forum Reddit, indicating that so-called altcoins, or alternatives coins to bitcoin , were being liquidated from users’ accounts without their consent. The technology issue resulted in Binance temporarily suspending withdrawals. However, in a tweet from its official account, Binance described the issues as “irregularities in trading activity” and emphasized that “all funds are safe.” Binance didn’t immediately respond to a request for comment.

9:33 a.m. March 7, 2018 – By Aaron Hankin

Bitcoin price drop gathers momentum as potential Binance glitch unsettles investors Virtual-currency traders also react to the SEC demanding that exchanges register with its regulatorMajor cryptocurrencies fell sharply Wednesday as reports of a system errors at a popular exchange platform appeared to unsettle investors.

8:00 a.m. March 7, 2018 – By MarketWatch

Heres why buying the Cohn dip may be better than selling the panicAhead of what looks like a rough day for stocks as they fret anew over White House departures and trade-war concerns, out call of the day says buy this dip before its too late.

5:57 a.m. March 7, 2018 – By Barbara Kollmeyer

Heres why buying the Cohn dip may be better than selling the panic Critical information for the U.S. trading dayAhead of what looks like a rough day for stocks as they fret anew over White House departures and trade-war concerns, out call of the day says buy this dip before its too late.

5:23 a.m. March 7, 2018 – By Emily Bary

PayPal crypto patent interesting but may no longer be a top priority, says analystPiper Jaffray analyst Jason Deleeuw weighed in on PayPal Holdings Inc.’s potential cryptocurrency efforts Wednesday, after was made public earlier in the month. PayPal’s patent filing was for an “expedited virtual currency transaction system,” which could speed up cryptocurrency transactions by allowing buyers and sellers to trade private keys and not wait for transactions to be confirmed on the blockchain, Deleeuw wrote. He noted that “Bitcoin transactions are not confirmed until they are batched in a block and added to the blockchain,” which can take about 10 minutes. Deleeuw sees some challenges for PayPal if it were to get involved with crypto in this way, noting for one that “the reliance on PayPal for enabling this solution defeats the decentralized purpose of cryptos.” He added that while the patent was recently made public, it was filed in mid-2016, and recent comments from management suggest to him that PayPal may have “de-prioritized” such efforts in the last 18 months. “Still, we like that PayPal is exploring how to improve crypto asset accessibility,” he wrote. PayPal shares are up 85% over the past 12 months, while the S&P 500 has gained 15%. Square Inc. , another popular payments stock, has seen shares rise sharply in recent months after it began allowing users to buy and sell bitcoin on its peer-to-peer Cash app.

12:37 a.m. March 7, 2018 – By Mike Murphy

Coinbase launches its first index fund for cryptocurrencies For now, fund will track four digital currencies, be limited to accredited usersCoinbase, the popular cryptocurrency exchange, is launching a weighted index fund for digital currencies as it enters the asset-management business for the first time.

1:37 p.m. March 6, 2018 – By Aaron Hankin

Coinbase’s COO Hirji says digital exchange to offer cryptocurrency-focused index fundCoinbase’s President & Chief Operating Officer Asiff Hirji late Tuesday said the popular digital-currency platform would kick off a crypto-focused index fund. Hirji told CNBC during an interview on its “Fast Money” segment that the planned index fund is intended to give retail investors broad exposure to virtual currencies. The COO said the fund is still in the works and would be targeted to accredited investors, with a specified net worth. Hirji said the index fund would be market-cap weighted but didn’t offer more details.

1:30 p.m. March 6, 2018 – By Barbara Kollmeyer

Bitcoin drops below $11,000, pulls back from key breakthrough level A tough day for crypto traders as all major digital currencies finish in the redBitcoin struggles to break above $12,000 on Tuesday, as a popular cryptocurrency exchange faces allegations of taking unfair profits.

1:00 p.m. March 6, 2018 – By MarketWatch

Here are the states most threatened by steel tariffsHeres a state-by-state rundown on jobs that could be at risk if Donald Trump follows through on across-the-board tariffs on steel and aluminum.

8:00 a.m. March 6, 2018 – By MarketWatch

Theres no stopping it, warns Ron Paul: A calamity could cut this market in halfSuch a calamity could very well lead to a 50% drop in the stock market, Paul warns.

7:36 a.m. March 6, 2018 – By Leslie Albrecht

Good news for people who havent got a clue about cryptocurrency Searches for the definition of bitcoin tend to spike along with the volatile currencys valueSearches for the definition of bitcoin tend to spike along with the volatile currencys value.

5:00 a.m. March 6, 2018 – By MarketWatch

Dow futures over 100 points higher, lifted by Korea talks, easing trade worriesU.S. stock futures jump, getting an additional boost from headlines linked to talks between North and South Korea and as fears over a full-blown trade war calmed down.

4:28 a.m. March 6, 2018 – By Aaron Hankin

The chance of hacking a bitcoin wallet is as likely as winning Powerball9 times in a row Trying to guess a Bitcoin key? Youre wasting your timeBitcoin skeptics who stay away digital currencies for fear their fortune may be stolen can rest easy.

1:49 a.m. March 6, 2018 – By Barbara Kollmeyer

Forget $100,000 bitcoin, says Kenneth Rogoff try $100 instead Regulation will bring down the price of the cryptocurrency within 10 years, the Harvard economist saysRegulation will bring down the price of the cryptocurrency within 10 years, the Harvard economist says.

1:00 a.m. March 6, 2018 – By Nouriel Roubini

Roubini: Blockchain is one of the most overhyped technologies ever This is why Bitcoin and other inefficient cryptocurrencies wont take over the worldBlockchain is an overhyped technology that is too inefficient and slow to revolutionize the payments system, write Nouriel Roubini and Preston Byrne.

12:57 a.m. March 6, 2018 – By Mike Murphy

Coinbase hit with two class-action lawsuits, one claiming insider trading Cryptocurrency exchange faces claims of ripping off customersPopular cryptocurrency exchange Coinbase is facing two new class-action lawsuits, including one that accuses it of insider trading.

12:57 p.m. March 5, 2018 – By Aaron Hankin

Bitcoin meets resistance at $12,000, as Ripple bounces PayPal files patent for system that would speed up transaction timesAfter a relatively rocky week for equity investors, those in the cryptocurrency space have feared much better as digital currency prices continue to tick higher over the weekend.

9:51 a.m. March 5, 2018 – By Emily Bary

PayPal files patent for cryptocurrency systemPayPal Holdings Inc. shares are up 0.5% in midday trading Monday after it was revealed that the company recently related to bitcoin. The company’s patent filing was for an “expedited virtual currency transaction system” and was . Such a system could potentially speed up bitcoin transactions and be anonymous. Shares of PayPal were originally down to start the day after the Wall Street Journal reported that Inc. was interested in creating its own product similar to a checking account. PayPal’s stock is up 84% over the past 12 months, while the S&P 500 Index has gained 14%.

9:48 a.m. March 5, 2018 – By Emily Bary

Square stock jumps 8%, on track to close at new record highShares of Square Inc. are up 8.5% in Monday trading and on track to close at a new all-time high. If the current gains hold, this would mark Square’s largest one-day percentage gain since May 4, 2017, when its stock rose 8.9%. The company said late Friday that its general counsel, Hillary Smith, would be resigning, and Square confirmed to MarketWatch that it hasn’t announced any news. The company announced better-than-expected earnings last week and CEO Jack Dorsey also said at the time that the company wanted to enhance its bitcoin offerings . Square shares are up 194% over the past 12 months, while the S&P 500 is up 14%.

4:51 a.m. March 5, 2018 – By Victor Reklaitis

One way to play Trumps tariffs: Buy these stocks and enjoy the heat Critical information for the U.S. trading dayThe Dow looks like it might want to fall for a fifth-straight session to kick off the week, as hand-wringing about a potential trade war persists. One product of President Trumps tariff plan: a rise in bullish calls on steel stocks.

8:32 a.m. March 4, 2018 – By Emily Bary

Square earnings: Cheers for Cash, Caviar and larger customers Analysts praise growth in Squares services revenue and its continued move upmarket despite weaker-than-expected forecastSquare shares are up 166% over the past 12 months. Analysts found more reasons to be optimistic about future growth in the latest quarterly numbers.

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Bitcoin – Topics

Paypal Files Patent for Expedited … –

A recent patent filing reveals that Paypal might be considering expanding its exposure to the cryptocurrency ecosystem with a new system for speedy transactions. We shouldnt however expect a Paypal Lightning Network or anything close to that any time soon. There is currently a global race to file patents for everything crypto or blockchain related and the company might just be strengthening its portfolio for future patent battles.

Also Read: Bitfarms to Raise Up to CAD$50m to Scale Cryptocurrency Mining Operation

Online payments provider Paypal (NASDAQ:PYPL) has filed a new patent application for an expedited virtual currency transaction system with the US Patent and Trademark Office. The last time it was reported that the company filed a patent application related to cryptocurrencies was back in mid-2016 when it showed plans for a modular payment module that accepted bitcoin, litecoin and dogecoin.

The system described by the patent application is meant to work by creating secondary wallets that each include a respective secondary wallet private key, and a transaction is performed using the primary wallet private key to transfer different predefined amounts to each of the secondary wallets. When an instruction is received to transfer a payment amount to a second user, they are allocated a subset of the first users secondary wallet private keys that together contain cryptocurrency that equals the needed amount.

The Paypal application explains that the need for this proposed system for cryptocurrencies is due to the time delay or latency period between the initialization of the transaction and the point at which the transaction has been confirmed. It gives as an example waiting for ten minutes or more for a bitcoin conformation, which they indicate hurts the user experience, putting it at a disadvantage over seemingly instant choices such as fiat credit card payments.

In many transaction situations, a 10 minute wait time will be too long for payers and/or payees, and those payers and/or payees will instead choose to perform the transaction using traditional payment methods rather than virtual currency. Issues like this have slowed the adoption of virtual currencies despite their advantages. Thus, there is a need for an expedited virtual currency transaction system, explains Paypal.

What could Paypal be planning to do with cryptocurrency related patents? Tell us what you think in the comments section below.

Images courtesy of Shutterstock.

Do you like to research and read about Bitcoin technology? Check out Bitcoin.coms Wiki page for an in-depth look at Bitcoins innovative technology and interesting history.

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Paypal Files Patent for Expedited … –

Coinbase cryptocurrency index fund – Business Insider

A Bitcoin logo is seen on a cryptocurrency ATM in Santa Monica Thomson Reuters

Coinbase, the cryptocurrency trading platform, announced Tuesday the launch of an index fund which will allow investors to put money into a basket of four of the largest cryptocurrencies.

The so-called Coinbase Index Fund will give investors access to the digital currencies listed on GDAX, the exchange operated by Coinbase. It will be weighted by market capitalization and will adjust when new coins are added to the exchange.

The breakdown of the fund is as follows: 62% bitcoin, 27% ethereum, 7% bitcoin cash, and 4% litecoin. Investors can start signing up for the product, but it won’t be live for a couple of months, according to a spokesperson for Coinbase.

The index fund wouldn’t be the first one to hit the market. Bitwise Asset Management, for instance, operates a crypto index fund, holding ten cryptocurrencies weighted by market capitalization.

Coinbase Coinbase product manager Reuben Bramanathan told Business Insider in a phone interview that the product reflects the growing demand on the part of institutional investors and high-net-worth individuals looking to dive into the market for digital coins, which stands at about $500 billion in value.

“We are seeing new investors coming to the market because they see an asset that is not correlated and outperforms, but they don’t know which ones to buy,” Bramanathan said.

At this point, the product is open to only accredited investors because the company wants to wait on more clarity from the Securities and Exchange Commission on bitcoin-linked financial products, which the SEC pumped the brakes on.

In a letter signed by Dalia Blass, the SEC’s director of the division of investment management, the agency said: “There are a number of significant investor protection issues that need to be examined before sponsors begin offering these funds to investors.”

Bramanathan expects there is strong retail demand for an index fund product.

The move is a slight departure from Coinbase’s main business of facilitating trading in the cryptocurrency market.

But the company’s general manager Dan Romero told Business Insider’s Becky Peterson that he is trying to build Coinbase into the Google of cryptocurrency. As Peterson pointed out recently, if there is one thing we know about Google, it is that they are always gate-crashing new markets.

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Coinbase cryptocurrency index fund – Business Insider

Blockchain Energizer Volume 23 | Stay Informed | K&L Gates

There is a lot of buzz around blockchain technology and its potential to revolutionize a wide range of industries from finance and health care to real estate and supply chain management. Reports estimate that over $4.5 billion was invested in blockchain startups in 2017 alone, and many institutions and companies are forming partnerships to explore how blockchain ledgers and smart contracts can be deployed to manage and share data, create transactional efficiencies, and reduce costs.

While virtual currencies and blockchain technology in the financial services industry have been the subject of significant debate and discussion, blockchain applications that could transform the energy industry have received comparatively less attention. Every other week, the K&L Gates Blockchain Energizer will highlight emerging issues or stories relating to the use of blockchain technology in the energy space. To subscribe to the Blockchain Energizer newsletter, please click .

Development of a Peer-to-Peer Energy Market Underway in the United Kingdom.

Blockchain Continues to Gain Ground in the Oil and Gas Industry.

Canadian Electric Utility Company Considering Implementing a Higher Energy Rate for Cryptocurrency Miners.

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Blockchain Energizer Volume 23 | Stay Informed | K&L Gates

The Best Encryption Software – TopTenReviews

Key Features to Look for When Buying Encryption Software?

PerformanceIf your encryption software is difficult to use, you may not use it at all. The programs we reviewed are simple and intuitive, particularly Folder Lock and Secure IT they both guide you through the encryption and decryption processes step by step. Secure IT integrates with Windows, so all you have to do is right-click on a file and choose to encrypt it in the menu.

We found that programs typically compress files as they encrypt them, though only to a small degree for example, from 128MB down to 124MB. It can make a difference when you encrypt large data files, so programs that protect and compress are preferable.SecurityEncryption software uses different types of ciphers to scramble your data, and each has its own benefits. Advanced Encryption Standard, or 256-bit key AES, is used by the U.S. government, including the National Security Agency (NSA), and is one of the strongest ciphers available. Blowfish and Twofish, the latter being a newer version of the former, are encryption algorithms that use block ciphers they scramble blocks of text or several bits of information at once, rather than one bit at a time.

The main differences between these algorithms are performance and speed, and the average user wont notice those disparities. Although any of these ciphers could be broken given enough time and computing power, they are considered practically unbreakable. AES has long been recognized as the superior algorithm, so we preferred programs that use it.Version CompatibilityIf your computer runs an older version of Windows, such as Vista or XP, make sure the encryption program supports your operating system. On the flip side, you need to make sure you choose software that has changed with the times and supports the latest versions of Windows, like 7, 8 and 10.

While all the programs we tested are compatible with every version of Windows, we feel that SensiGuard is a good choice for older computers because it only has the most essential tools and wont bog down your PC. Plus, it is easy to move to a new computer if you choose to upgrade. However, it takes a while to encrypt and decrypt files.

If you have a Mac computer, you need a program that is designed specifically for that operating system none of the programs we tested are compatible with both Windows and Mac machines. We believe Concealer is the best option for Macs, but Espionage 3 is also a good choice.

Mac encryption software doesnt have as many extra security features as Windows programs. They typically lack virtual keyboards, self-extracting file creators and password recovery tools. Mac programs also take a lot more time to secure files compared to Windows software.

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The Best Encryption Software – TopTenReviews