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“Real Influencers” Criticize Coindesk Over its Year Ending “Top Influencers List”

“Oh fk off already. Lol.” this was the reaction of CEO of Binance when he saw Nouriel Roubini in Coindesk’s list of top crypto influencers. Well, the drama began when Coindesk shared ‘top Most Influential 2018 archive’ which was not well received by the crypto community as few influencers included in the list seem ‘new to many people’ or they didn’t “even hear anything about them’. Well, considering the fact that I spend all day every day on CT, the "most influential" people in the space shouldn't be "new" to me. Do you know what influential means? — BitcoinWTF (@BitcoinWTF) December 31, 2018 Coindesk’s Influencer List or a paid campaign? The event took a sharp turn when some crypto enthusiasts were not very happy over the selection of influencers by the coindesk team. Some of them even went to an extent calling these paid promotions and started asking some of the influencers included in the list whether they have paid coindesk for adding their names to the list. A few enthusiasts responded to Nouriel Roubini’s featured Tweet (who is also under the list on the third spot) and kept on asking the amount he has paid to be on the list. How much did you pay? They only put out paid adverts…. — Prabs (@daRealPrabs) December 31, 2018   Coindesk media responded to crypto peers who posted allegations like ‘How much did you pay? They only put out paid adverts’, and ‘it smells like a paid advertisement in disguise’, here is a response from the media. https://twitter.com/coindesk/status/1079857480811847680?ref_src=twsrc%5Etfw Coindesk media’s response majorly reflects that the list of influencer was designed to ‘encourage peers to test’ the Non-fungible tokens (NFTs), namely Chibi Fighters and CryptoKitties. No doubt, there were better options that coindesk should have included in their list. For now, we will leave this to you, here are the top 10 most influential 2018 peers listed by Coindesk.  Binance’s Changpeng Zhao as the first in the list which is followed by Elizabeth Stark, and CEO of Lightning Labs Nouriel Roubini, an American economist Admin wen airdrops, an online community Jed McCaleb, co-founder and the CTO of Stellar.org Glen Weyl crypto, co-author of Radical Markets book Tom Jessop, former managing director at Goldman Sachs Hester Peirce, Commissioner on the Securities and Exchange Commission Jeremy Allaire, Circle’s co-founder, and CEO Brenna Sparks, adult star and crypto evangelist Let us know in our comments below, who you think is missed and should be a part of this list? FYI, You can follow coingape’s #theCryptoVoice’ which features top crypto newsmakers of the day and is updated daily. Follow our home page to check out top 3 crypto newsmakers of the day. Happy new year! The post “Real Influencers” Criticize Coindesk Over its Year Ending “Top Influencers List” appeared first on Coingape.
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CoinDesk Advisor: Crypto, Bitcoin (BTC) Valuation Models Are Wrong

Crypto, Bitcoin Market Is “Just A Bit Backward” Michael Casey, the chairman of CoinDesk’s advisory board, a well-recognized author, and the co-founder of Network Effects Media, sat down with Cheddar, an up and coming business media outlet, on Thursday. The crypto-friendly outlet called on the industry insider to discuss the state of the crypto industry today, and a number of unique topics were brought to the table. A Cheddar anchor, staving away from asking the outlet’s normal round of questions, asked Casey if the way that crypto investors value digital assets, such as Bitcoin (BTC) or Ethereum (ETH), are putting cryptocurrencies into a crisis. Responding passionately, the crypto proponent, who regularly contributes to CoinDesk, noted that this market’s valuation models are “all just a bit backward.” Elaborating on what he meant, Casey noted that cryptocurrencies and related technologies are seen as a way to disintermediate ecosystems and to curb centralized entities. But now, the way that we value these blockchain-based assets is quite reminiscent of how traditional markets are run — a big no-no for diehard decentralists. He added that we’re benchmarking crypto’s performance of fiat, or more specifically, we’re continually denoting BTC’s value in dollar signs, rather than the iconic ₿(itcoin). In other words, he said that much of the crypto market is focused on a successful exit into fiat, rather than maintaining skin in the game, so to speak. Casey added that this causes incentives to get misaligned, as investors look for profit, instead of ousting the often corrupt powers that be. Case in point, the CEO of Bitpay recently told CNBC that much of the Bitcoin price is based on speculation, rather than legitimate use in the real world, especially in the day-to-day. Bitcoin Fundamentals Boom — Network Value Although Casey didn’t touch on how exactly to value cryptocurrencies, a growing theme in this ecosystem has been the use of Network Value to assess this nascent industry. Most notably, the concepts of network value have been utilized by analysts and researchers to determine what the “true value” of a cryptocoin, like BTC, is. Just recently, Tom Lee, the head of research at Fundstrat, told his clients in a note that the fair value for BTC is $13,800 to $14,800, specifically due to the active wallet addresses, the amount of BTC transferred, and the asset’s unique characteristics of being a deflationary currency that is sovereign, censorship-resistant, borderless, and immutable. This forecast, interestingly, lines up with his overly optimistic end of year prediction, as reported by Ethereum World News previously. While Lee was quickly lambasted for his call, his optimistic outlook on Bitcoin doesn’t come unwarranted. Anthony Pompliano, better known as “Pomp” to the crypto industry, recently spoke on the fact that the network that backs BTC is on the up-and-up, even while prices remain depressed. Pomp, a former Snapchat and Facebook employee, exclaimed that at its core, Bitcoin is the world’s most secure transaction settlement layer, so value in BTC will always exist. In another piece, the Morgan Creek Digital partner noted that the growing transaction count, falling transactions fees, year-on-year hashrate growth, and the unprecedented creation of active nodes is another reason to be bullish on Bitcoin. In October, even Joseph Lubin, the founder of ConsenSys and co-founder of Ethereum, told CNBC’s “First On” segment that while crypto is in the midst of a “bust,” fundamentals are “booming.” The serial entrepreneur, who roomed with Mike Novogratz at Princeton, even noted this budding ecosystem is the strongest it has ever been, indicating that the decline of speculative interest hasn’t irked true believers of this innovation. Title Image Courtesy of Jamie Street on Unsplash The post CoinDesk Advisor: Crypto, Bitcoin (BTC) Valuation Models Are Wrong appeared first on Ethereum World News.
Ethereum World News

Top Crypto Content Creator CoinDesk Offers New Crypto-Economics Explorer To Visualize Market Data

When the crypto market first came to form, investors’ immediate response was to analyze Bitcoin’s price over time to see whether a trend is present and if it can be used to predict its price in the future. This has clearly changed considering how large the market has expanded. Price as a factor alone is probably not the best way to go about crypto analyses and this is why CoinDesk has come up with a measuring tool dubbed, “CoinDesk Crypto-Economics Explorer.” As defined by CoinDesk, the new measuring tool was “designed to offer a more complete picture of the economic activity for crypto assets.” In particular, this respective tool supposedly takes into account the support given by crypto exchanges along with improvements made to a given project’s code and other crucial factors. Now, instead of looking at prices, market capitalization and volume, the Crypto Economics Explorer supposedly houses 28 factors, which have been shared as being, “related to price, exchange, network effect, developer base and social data.” To ensure that normality holds for the data used, the team at CoinDesk created “the Bitcoin Benchmark,” which gets information from 16 different exchanges – allowing users to compare cryptos against Bitcoin and altcoins. Further breakdowns on the different existing benchmarks have also been provided under “Crypto-Economics Explorer – Glossary.” For instance, the factor, “Exchange” looks at: total exchange volume, count of exchanges, total trade pairs, and exchange volumes from fiat to crypto and crypto to crypto. Another factor dubbed, “Social”, looks at: Reddit Subscribers, Reddit Active Users, Reddit New Posts and Comments, Twitter Followers, Google Search Trends, and Facebook Likes. Other benchmarks include that involving the overall network and developers. CoinDesk’s new measuring tool appears to be effective, considering the fact that they took into account several known factors to have contributed to a crypto’s price hike or plummet. Their use of the Social benchmark is definitely a smart move, given the fact that sentiment surrounding crypto news has been correlated with price movements.
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OTC & Media Activity

Finrazor together with ICORating conducted researches and checked the correlation between OTC and mentions of certain words and the originality of the news

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This week an insane amount of times the topic of privacy rises. It is finally so acute that it can not be ignored: everyone quotes CEO of Apple and expresses his arguments in favor of the four conditions of privacy indicated by him. Twitter users also share their views on the need for stablecoin

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It's not always all about the price

Twitter users turned a blind eye to the daily jumps of the rates and are trying to keep busy with other cases: reading Vitalik Buterin versus Coindesk, speculating whether Bitcoin will remain at all — this and much more in our weekly twitter-digest.

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BAT Outperforms Bitcoin, XRP On New Brave Browser “Rewards” Feature

Brave Browser Announces BAT “Rewards” Feature On Tuesday, Brave Browser, a crypto-friendly internet application headed by the founder of Mozilla Firefox, Brendan Eich, made a surprising announcement, seemingly aiming to start of 2019 with a proverbial bang. Via a company release, conveyed through its in-house blog, the Brave and Basic Attention Token (BAT) team, which consists of Eich, coupled with an array of fintech, Silicon Valley, and crypto veterans, revealed that it would be previewing “opt-in ads in [the] desktop browser developer channel.” While this feature sounds nebulous, there’s more to this integration than meets the eye. In fact, as broken down in a PC Magazine feature article, this new advertising model will allow common Joes and Jills to earn crypto, in the form of BAT, and potentially other rewards in the feature. This new offering, dubbed Brave Rewards, will siphon 70% of earned ad revenue to users who agree to view advertisements. The remaining 30% will be paid to Brave’s war chest — a likely controversial play, but one necessary for the blockchain project’s long-term survival. Rewards will be available via Brave’s developer/test browser edition. It wasn’t exactly divulged when the innovative feature would hit the publics’ desktops, but the following GIF is how the feature will work: Looking outwards, the Brave team revealed that they expect opted-in users to earn upwards of $60 to $70 a year in the near future, with their preliminary projections predicting that $224 a year could be earned by 2020 through Brave’s in-house ecosystem. While this sounds great — an effective free $224/year for viewing ads — like all things too good to be true, there’s a catch. At the time of writing, Brave has announced support for BAT token withdrawal, as the company wants Rewards’ users to reward their favorite content creators, whether it be large new portals or Youtubers. After this feature goes live successfully, Brave intends to activate “publisher-integrated ads,” which will allow content creators to feature “private ads” on content creators’ pages through the startup’s systems. The company subsequently explained its Brave Ads offering and its applications/benefits from a top-down perspective, writing: With Brave Ads, we are reforming an online advertising system which has become invasive and unusable. Users have turned to ad blockers to reclaim their privacy from ads that track them and sometimes even infect them, and publishers are finding it increasingly difficult to earn ad revenue to sustain quality content with intermediaries that collect huge fees. It is important to reiterate that at this time, this newfangled feature is technically in its beta phase. Due to this positive news, the popular altcoin, which recently gained the support of industry powerhouse Coinbase, has posted a respectable price gain. At the time of writing, BAT is currently valued at $0.125 apiece, posting a 3% in the past 24 hours. The crypto, currently the 36th in this market’s standings, is currently outperforming Bitcoin (BTC) by 2.7%, and Ethereum (ETH) by 2.4%. Crypto Lulls: Bitcoin, Ethereum, XRP Post Barely Any Movement In the same vein of cryptocurrency prices, the broader market has posted close-to-zero movement in the past 24 hours. Per data from Coin Price Watch, BTC has found itself at $3,645 — a mere 0.58% gain over the past day. Other leading crypto assets have also posted slight gains, but have still underperformed BAT. XRP, the go-to asset for fintech upstart Ripple, is up 1.27%, as it sits just shy of the $0.33 price level at $0.3296. ETH, which recently tumbled due to the delayed Constantinople fork, has found itself up by 2%, regaining a portion of the losses incurred yesterday. While the market is trending slightly positive, some analysts expect that BTC is ready to dive. Speaking to MarketWatch, Jani Ziedens of Cracked Market claimed that BTC, if truly oversold, should be posting monumental gains right now, rather than finding itself in an extended lull. So, Ziedens added that this “lethargic base” indicates that demand is limited, “incredibly weak” even, and as such, lower crypto bottoms may be inbound. BAT Title Image Courtesy of Descryptive.com via Flickr The post BAT Outperforms Bitcoin, XRP On New Brave Browser “Rewards” Feature appeared first on Ethereum World News.
Ethereum World News

Cryptopia Hacker Moves Stolen Crypto to Binance; Community Alerts CZ and Funds Are Frozen

It is clear that hackers gave themselves a place to stay in the cryptocurrency industry, which was only made more evident by a recent security breach that happened over the last few days. Cryptopia, a leading exchange in New Zealand, announced a breach that ended in a major theft on January 14th. However, unlike the unfortunate tale that many other exchanges succumb to, that is not the end of the story. The official statement notes that Cryptopia has placed itself into a maintenance mode, helping them to protect their accounts until the regulatory authorities of New Zealand provide other details. Both the High Tech Crimes Unit and the local police are pursuing investigative efforts, though they have commented that “a significant value of cryptocurrency may be involved.” At this point, the actual amount has not been released, and no substantial details have been provided. Still, that has not stopped local news portal Radionz from reporting that the loss is close to $3.6 million. A Twitter user, ShaftedTangu, seems to know where these digital assets are going. On the posts, the user said, Hey @cz_binance Binance has stolen tokens from Topia hitting it sir. Can you lock it down? https://t.co/0XllsBejUV — I Dream Of Alts (@ShaftedTangu) January 16, 2019 Through a string of additional tweets, the user continued to track the funds, as he mentioned wallet address 0x9007a0421145b06a0345d55a8c0f0327f62a2224. In another tweet, he claimed, “Currently the 0x900 wallet contains around $10 mil USD of tokens, large amounts are $PRL $2mil, $CENNZ $1.168 mil, $Denacoin $2.73 mil, $MSP $0.99 mil” Luckily, just under four hours after the original tweet, CZ Binance replied. The reply said, Just checked, we were able to freeze some of the funds. I don't understand why the hackers keep sending to Binance. Social media will be pretty fast to report it, and we will freeze it. It's a high risk maneuver for them. https://t.co/i0PeahLzic — CZ Binance (@cz_binance) January 16, 2019 With such a nonchalant type of reply, it is quite a victory for Cryptopia and Binance that the funds could be frozen at all. However, the victory has not been won yet, considering there is no indication of exactly who performed the hack in the first place. Cryptopia has remained silent, though they posted to their own Twitter profile, saying, “We cannot comment as this matter is now in the hands of the appropriate authorities. We will update you as soon as we can.” As a result of these issues, Zhao posted that users should keep their holdings on exchanges, rather than a hardware wallet. However, his post caused an onslaught of negative replies, with some saying that his post implied that self-storage is substantially riskier than storing on a seemingly “reputable” exchange. Zhao later retracted, saying that he was not advising investors to store funds on exchanges. In the first half of 2018 last year, there was over $731 million lost in thefts involving exchange hacks. However, none have reached the severity experienced by the 2014 Mt. Gox hack.
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Binance Freezes ‘Some of the Funds’ Stolen in Cryptopia Hack

Some of the stolen cryptocurrency from yesterday’s Cryptopia hack has been sent to Binance, which has confirmed already freezing some of the funds.  Binance Freezing Funds Stolen from Cryptopia Twitter account @ShaftedTangu has alleged that some funds stolen as a result of Cryptopia’s hack have been siphoned through Binance. The amounts sent to Binance in question include roughly $7,500 in Metal (MTL) 00, $6,750 in KyberNetwork coin (KNC) 00, $7,181 OmiseGO tokens (OMG) 00, and $8,724 in EnjinCoin (ENJ) 00. All of it totals around $30,000. Changpeng Zhao, CEO at Binance – the world’s largest cryptocurrency exchange by means of traded volumes, has confirmed the allegations, reassuring that they’ve already frozen some of the funds. Zhao commented: Just checked, we were able to freeze some of the funds. I don’t understand why the hackers keep sending to Binance. Social media will be pretty fast to report it, and we will freeze it. It’s a high-risk maneuver for them. Just checked, we were able to freeze some of the funds. I don't understand why the hackers keep sending to Binance. Social media will be pretty fast to report it, and we will freeze it. It's a high risk maneuver for them. https://t.co/i0PeahLzic — CZ Binance (@cz_binance) January 16, 2019 Bitcoinist reported yesterday that Cryptopia’s security has been breached, resulting in ‘significant losses’. Police in New Zealand also confirmed. Binance Caught in the Fire Zhao’s tweet caused a reaction in crypto Twitter’s community as one user (@Crypto_Bitlord) expressed his bewilderment that Zhao referred to “social media” as a means of reporting rather than Binance’s own surveillance systems. I’m genuinely shocked stolen funds from @Cryptopia_NZ have easily passed through @binance UNDETECTED until social media flagged them. This raises some big questions. How is that possible with modern blockchain analysis? — Sir Bitlord (@Crypto_Bitlord) January 16, 2019 On the matter, Binance’s CEO said: It’s quite easy to generate a brand new address. We (and no one) recognize every transaction out there. We already have very in-depth and detailed blockchain analysis. Yet, the question remains – if a regular Twitter user has been able to detect the transaction in question, how, and more importantly – why did Binance miss it? Perhaps the better question, as posed by @Crypto_Bitlord is: So you are saying criminals can steal funds and just create a brand new address to send to before binance? In the meantime, Binance announced today the launch of their Binance Jersey fiat exchange. The platform is aimed at traders from Europe and it offers BTC/GBP, ETH/GBP, BTC/EUR, and ETH/EUR trading pairs. What do you think of Binance missing the transactions in question? Don’t hesitate to let us know in the comments below! Images courtesy of Shutterstock The post Binance Freezes ‘Some of the Funds’ Stolen in Cryptopia Hack appeared first on Bitcoinist.com.
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