“It’s Going A Lot, Lot Higher”: Novogratz Sees Bitcoin “Easily” Reaching $40,000 Next Year, Ethereum Tripling

FYI.

“It’s Going A Lot, Lot Higher”: Novogratz Sees Bitcoin “Easily” Reaching $40,000 Next Year, Ethereum Tripling:

Bitcoin could be at $40,000 at the end of 2018. It easily could,” Mike Novogratz told CNBC. As for “Ethereum, which I think just touched $500 or is getting close, could be triple where it is as well.”

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Mike Krieger & Andy Hoffman: Bitcoin, Crypto Assets and Decentralization (Video)

FYI.

Interview With Andy Hoffman – Bitcoin, Crypto Assets and Decentralization:

As most of you surely know by now, I believe a positive future for humanity requires a total displacement of the current centralized, authoritarian, and hierarchal paradigm. I believe decentralized, peer-to-peer, trustless systems will play an instrumental role in bringing about a much more free, honest and transparent system that will lead to immense human progress.

If you have any interest in the above topics, I strongly suggest listening to the interview below.

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£200 million worth of digital cryptocurrency is wiped out as bungling developer locks investors out while trying to stop hackers – #Ethereum

£200 million worth of digital cryptocurrency is wiped out as bungling developer locks investors out while trying to stop hackers:

  • A developer was fixing a bug that let hackers steal funds from virtual wallets
  • But the developer accidentally left a second flaw in its systems 
  • When the user tried to undo the damage by deleting the flaw in the code, this locked the funds in the wallets permanently
  • The only way to reverse the issue is a ‘hard-fork’, but not everyone supports this

If you’ve invested in the cryptocurrency, Ethereum, you may want to check that your funds are safe.

More than £200 million ($280 million) of the virtual currency, ether, has been lost after a developer accidentally deleted a vital part of the code while trying to fix a flaw to stop hackers.

Experts describe the error as a ‘suicide’, and predict that this loss is roughly 20 per cent of the entire Ethereum network.

Read more£200 million worth of digital cryptocurrency is wiped out as bungling developer locks investors out while trying to stop hackers – #Ethereum

Amazon Subsidiary Registers Ethereum, Cryptocurrency Domains

Amazon Subsidiary Registers Ethereum, Cryptocurrency Domains:

According to online records, e-commerce giant Amazon, often seen as the “white whale of bitcoin payments, recently registered three cryptocurrency-related domain names: “amazoncryptocurrency.com,” “amazoncryptocurrencies.com,” and “amazonethereum.com.” The move was first reported by domain industry news website DomainNameWire.

Whois records link the domains to a subsidiary of Amazon.com, Amazon Technologies, which has in the past been linked to patent filings. At press time, all three domains are a dead end, but a domain the e-commerce giant registered in 2013 – amazonbitocoin.com – redirects to its main page, Amazon.com.

Read moreAmazon Subsidiary Registers Ethereum, Cryptocurrency Domains

“Of Course It’s A Bubble” – Ethereum Founder Says He’s Not Worried About Digital Currency Valuations

“Of Course It’s A Bubble” – Ethereum Founder Says He’s Not Worried About Digital Currency Valuations:

As technology stocks and securitized mortgages have demonstrated all too recently, just because a bubble pops doesn’t mean it’s the end of the market. Hell, it doesn’t even necessarily preclude that another bubble won’t emerge years later.

Wall Street analysts trying to figure out if JP Morgan CEO Jamie Dimon and Bridgewater Associates’ Ray Dalio are right about bitcoin – i.e. that digital currencies are frauds doomed to fail – should consider this phenomenon as they try to game out different scenarios for the future of the digital-currency market, said Ethereum co-founder Joe Lubin.

When asked by Quartz about his thoughts on whether digital currencies are in a bubble, Lubin responded with an unequivocal yes.

“Of course it’s a bubble. Hopefully it’s one in a series of increasingly larger bubbles,” Lubin said. “These bubbles bring attention, they bring value into the ecosystem. That value is recognized by software developers and business developers, and they create fundamental value and projects that grow the new architecture.”

Read more“Of Course It’s A Bubble” – Ethereum Founder Says He’s Not Worried About Digital Currency Valuations

Ethereum Goes Mainstream: First Ever Ether ETN Launched On Nasdaq Stockholm

Ethereum Goes Mainstream: First Ever Ether ETN Launched On Nasdaq Stockholm:

At a time when the SEC is still debating whether to permit bitcoin-based ETFs in the US, Europe has been one step ahead thanks to the Swedish-based XBT Exchange Traded Notes (from provider CoinShares). And today, remaining one step ahead of the US, the same team behind the XBT ETN has launched the first ever ETN for Ether, the native token of the Ethereum platform, which will be listed on the Nasdaq Stockholm.

The two ETNs, COINETH:SS and COINETHE:SS are denominated in SEK and EUR respectively, and similar to the group’s bitcoin ETNs, the ether products are structured to track the price of ether, as determined by an index rate comprising the average of the 3 most liquid ether exchanges, daily. The factsheet for the ETN creator, CoinShares, can be found here.

Read moreEthereum Goes Mainstream: First Ever Ether ETN Launched On Nasdaq Stockholm

How One Trader Made Billions With Ethereum, And What He’s Doing Next

How One Trader Made Billions With Ethereum, And What He’s Doing Next:

This is going to be the largest bubble of our lifetimes… Prices are going to get way ahead of where they should be. You can make a whole lot of money on the way up, and we plan on it…”

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CNBC Fast Money: Want to know the difference between #bitcoin & #ethereum? @BKBrianKelly breaks it down (Video)

CNBC Fast Money: Want to know the difference between #bitcoin & #ethereum? @BKBrianKelly breaks it down

H/t reader squodgy:

“Ethereum or Bitcoin?
Remember that ETHEREUM is sponsored by Global Corporations & Banks to challenge Bitcoin, so it makes sense yid owned CNBC comes out in favour.”

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Ethereum, Bitcoin Crash After China Declares Initial Coin Offerings Illegal

Ethereum, Bitcoin Crash After China Declares Initial Coin Offerings Illegal:

Ethereum and bitcoin are crashing this morning, after China confirmed its recent threat of an ICO crackdown, when the central bank said on Monday that initial coin offerings are illegal and disrupt financial markets. “This is a positive move given the rapid proliferation of low quality and possibly fraudulent coin sales promising the moon.”

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