The McAfee Story of Jihan Wu & Bitcoin Jesus. How do all 3 of these men connect together. We dive into the story of the Bitcoin Cash endgame.
News:
- Coinbase's Bitcoin Cash Market Is Back Online. Trading was halted abruptly last night after bitcoin cash, which broke away from the main bitcoin blockchain last month, was listed on GDAX. In the few minutes that trading was accessible, the price shot as high as $9,500, a level that represented a large premium over other exchanges.
- Coinbase to Probe for Breach in Bitcoin Cash Listing. Cryptocurrency exchange startup Coinbase has announced it will commence an investigation into whether any employees may have violated its insider trading rules in the run-up to its surprise listing of bitcoin cash yesterday.
- Litecoin Creator Sells Stake Citing 'Conflict of Interest.' The creator of litecoin has sold off all his holdings in the cryptocurrency, citing a perceived conflict of interest. Writing in a Reddit post this morning, developer Charlie Lee explained he no longer wants to fend off allegations his remarks about litecoin's price are being done for his personal enrichment, and that he saw the sale as the best way to ensure transparency over his actions.
- Morgan Stanley: Hedge Funds Poured $2 Billion into Cryptos in 2017. Banking giant Morgan Stanley has estimated that hedge funds invested a massive $2 billion in cryptocurrencies this year. According to Business Insider, the figure was released in a note entitled "Bitcoin Decoded" sent by Morgan Stanley to its clients this week. The investment bank further detailed that more than 100 crypto-related hedge funds have sprung up over the past six years, however 84 of the funds launched in 2017. The sharp growth trend coincides, unsurprisingly, with bitcoin's over 20-times price increase this year, from around $800 in early January to a high of almost $20,000 last weekend.
Tech Tip of the Day: Firefox Focus for Android & iOS
Coin Talk: We talk Bitcoin Cash, Bitcoin, Verge Coin, LiteCoin and a recap of the Coin Market.