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

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Must read Bitcoin stories from today...

U.S. says illicit activity is top cryptocurrency concern | Reuters www.reuters.com – Share Washington’s main concern about the rise of cryptocurrencies is to make sure they are not used for illicit activity, U.S. Treasury Secretary Steven Mnuchin said on Thursday as he urged nations to join the United States in regulating them.

Kyle’s note: There are a bunch of other comments on bitcoin from governments around the world in the regulation section below.

Switzerland embraces cryptocurrency culture www.ft.com – Share In other countries, politicians express concern about the cryptocurrency craze, citing worries about security, regulation, volatility and a speculative bubble. Not in Switzerland.

The affluent Alpine country wanted “to be the crypto-nation”, Johann Schneider-Ammann, economics minister, told journalists as he arrived for a private crypto finance conference in St Moritz last week. Of the 10 biggest proposed initial coin offerings — by which start-ups raise funds by selling tokens — four have used Switzerland as a base, according to PwC.

The Tether Report www.reddit.com – Share “The fundamental assumption behind this test is wrong. Tether is issued mainly when the effective tether price at usdt exchanges becomes significantly higher than $1, for arbitrage. This happens mostly when btc corrects and everyone escapes into tether.” Kyle’s note: I don’t want to comment on Tether, but this appears to be an interesting take. An audit of Tether is still needed though.

The Lightning Network – BitMEX Blog blog.bitmex.com – Share Abstract: In this piece, we explain the motivation behind the creation of the Lightning Network and why its scaling characteristics are superior to what we have today, potentially resulting in a transformational improvement. We describe some of the basic technical building blocks that make Lightning possible. We then examine some of its limitations, including the downsides of inferior security compared to transacting on-chain and why this makes Lightning potentially unsuitable for larger-value payments.

'Micro' Finance Giant Robinhood Makes Big Bet on Bitcoin Trading - CoinDesk www.coindesk.com – Share Announced today, the company, which was founded in 2013 as a way to democratize stock trading, said it plans to roll out bitcoin and ether trading services via its mobile apps next month. Not only does the company hope to attract cryptocurrency enthusiasts to its more traditional products, but it’s also launching the service to catch some of the momentum cryptocurrency has seen as of late.

Brisbane Airport and TravelbyBit launch world-first digital currency airport terminal newsroom.bne.com.au – Share When travellers arrive at or depart from Brisbane Airport (BNE), they will soon experience an unprecedented digital currency airport experience. BNE in partnership with a number of terminal retailers is combining its community vision with innovation by working with TravelbyBit to bring decentralised block chain enabled payments into its termi…

Kyle’s note: This is interesting because bitcoin makes sense for frequent travelers.

Introducing Strike, a stripe-like API for Lightning medium.com – Share TL; DR: We are releasing an early version of Strike, an API and dashboard that makes it easy to accept Lightning payments. Six months ago we released Starblocks, a virtual coffee shop that…

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

More bitcoin adoption stories...

More bitcoin industry stories from today...

BitGo to Acquire Bitcoin Custodian - Bloomberg www.bloomberg.com – Share BitGo Inc., a closely held crypto-security firm, agreed to buy Bitcoin custodian Kingdom Trust as it seeks to attract as much as $20 billion that institutional investors could commit to digital currencies.

Bitcoin Dev Jimmy Song Is Now at Blockchain Capital - CoinDesk www.coindesk.com – Share With his expertise around cryptocurrency technology, Song’s addition is aimed to provide technical assistance to the firm’s investment research efforts, as well as build bridges between Blockchain Capital and crypto developers, according to a press release. He will also head upcoming programs to advance blockchain innovations.

Introducing Litecoin on Zebpay – Zebpay Blog blog.zebpay.com – Share Continuing on our promise to add more cryptocurrencies onto our platform, today we’re happy to announce that we are adding Litecoin to Zebpay. Litecoin is a peer-to-peer Internet currency that…

More bitcoin technical stories from today...

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

Cryptocurrency Scammers Are Running Wild On Telegram www.buzzfeed.com – Share Messaging app Telegram started out as a WhatsApp alternative, but it’s fast becoming a petri dish for cryptocurrency get-rich-quick schemes, propped up by dubious trading bots and bogus celebrity endorsements from Christopher Walken and Dwayne “The Rock” Johnson. That may be a problem as it heads toward a possible billion-dollar initial coin offering.

Malware Epidemic: Monero Mining Campaigns Are Becoming a Real Problem www.bleepingcomputer.com – Share Malware that secretly mines Monero is becoming a real problem in the real world, with the number of different incidents growing with each week. For example, only this past week, three new attacks came to light.

Stolen bitcoin miners tracked down; One arrested | NL Times nltimes.nl – Share Late last week the police tracked down two bitcoin miners that were stolen from Eindhoven in a home in Vlijmen. A man was arrested for the possession of stolen property, the police announced in a statement on Wednesday. A bitcoin miner is a powerful computer used to approve global transactions in the bitcoin network. Owners who use their computers for bitcoin mining, are rewarded in the form of bitcoin or other cryptocurrency.

More altcoin and ICO stories from today...

More bitcoin regulation stories from today...

Unconfirmed bitcoin stories from today...

Other stories from today...

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