Forgot to mention that I was on The Bitcoin Group on the World Crypto Network on Friday. You can watc

Kyle Torpey's Daily Bitcoin Recap Kyle Torpey has been a full-time Bitcoin writer and researcher since early 2014. Currently, he contributes regularly to Forbes and CoinJournal. His work has also appeared in Business Insider, VICE Motherboard, Nasdaq, and many other media outlets. Additionally, Kyle goes over the day's top Bitcoin stories in a daily YouTube show and podcast, which can be found at http://kyletorpey.com

Forgot to mention that I was on The Bitcoin Group on the World Crypto Network on Friday. You can watch that here: https://www.youtube.com/watch?v=e_5cJmA1hDg

Visit our sponsor...

Note: This week will be ad-free as I search for new sponsors. Feel free to shoot an email to email@kyletorpey.com if you know anyone interested.

Must read Bitcoin stories from today...

U.S. regulators may ask Congress for virtual currency legislation | Reuters www.reuters.com – Share U.S. regulators may ask Congress to pass legislation to improve oversight of virtual currencies like bitcoin amid concerns about the risks posed by the emerging asset class, the head of the Securities and Exchange Commission said on Tuesday.

The Ripple story – BitMEX Blog blog.bitmex.com – Share Abstract: In this piece, we briefly look over the history of Ripple and examine various disputes between the founders and partner companies, typically over control of XRP tokens. We then explore elements of the technology behind Ripple. We conclude that the apparent distributed consensus mechanism doesn’t serve a clear purpose, because the default behaviour of Rippled nodes effectively hands full control over updating the ledger to the Ripple.com server. Therefore, in our view, Ripple does not appear to share any interesting characteristics with crypto tokens like Bitcoin or Ethereum, at least from a technical perspective.

North Korea Suspected of Hatching Coincheck Heist - Bloomberg www.bloomberg.com – Share South Korea’s spy agency has begun investigating the possibility that North Korean hackers orchestrated the theft of about $500 million worth of digital coins from Japanese cryptocurrency exchange Coincheck Inc., said a lawmaker who attended a meeting with the head of the intelligence service.

More bitcoin price and Wall Street stories from today...

A Tiny Canada Bank Is Building a Vault for Cryptocurrencies - Bloomberg www.bloomberg.com – Share VersaBank Inc., a tiny Canadian lender led by a tech-savvy CEO with a penchant for planes and classic motorcycles, is building a virtual safety deposit box for cryptocurrencies and other digital assets.

Kyle’s note: This is old news but they have comments from the bank.

Compliance officers sweat as cryptocurrency trades go mainstream | Reuters www.reuters.com – Share As major financial institutions weave themselves deeper into the patchwork of cryptocurrency trading, they are trying to figure out how to handle conflicts that could arise when employees trade digital coins in their personal accounts.

More bitcoin adoption and awareness stories...

More bitcoin industry stories from today...

Why Credit Card Users Should Thank Banks For Stopping Them Buying Cryptocurrencies www.forbes.com – Share Banks in the U.S. and U.K. are declining cryptocurrency transactions on credit cards they issue. The cryptocurrency community is complaining, of course. But the banks’ action could save credit card holders lots of money.

Korean Exchange Halts Trading Over KYC Concerns - CoinDesk www.coindesk.com – Share South Korean cryptocurrency exchange Coinpia has announced it will suspend both trading and deposits after it was unable to implement a customer identification system in line with a recently enacted government mandate.

More bitcoin technical stories from today...

[Lightning-dev] AMP: Atomic Multi-Path Payments over Lightning lists.linuxfoundation.org – Share A common question I’ve seen concerning Lightning is: “I have five $2 channels, is it possible for me to atomically send $6 to fulfill a payment?”. The answer to this question is “yes”, provided that the receiver waits to pull all HTLC’s until the sum matches their invoice.

More bitcoin dark web, hacking, and scam stories...

Ransomware Victims Hit on Average by Two Attacks per Year www.bleepingcomputer.com – Share A study of 2,700 IT professionals across the globe has revealed that 54% of organizations suffered a ransomware attack in the last year, and most organizations were hit more than twice, with the average number of ransomware per attacks being two.

More altcoin and ICO stories from today...

More bitcoin regulation stories from today...

U.S. states join forces on fintech licenses | Reuters www.reuters.com – Share Banking regulators of seven U.S. states have agreed to simplify the way financial technology companies can apply for licenses, in a bid to make it easier for businesses to offer their services nationwide.

Did you enjoy this issue?

If you don't want these updates anymore, please unsubscribe here If you were forwarded this newsletter and you like it, you can subscribe here