A Long Awaited Bitcoin Secret Is About to Be Revealed

A long-held bitcoin secret is about to be revealed.

No, it’s not the identity of Satoshi Nakamoto, it’s a private key the cryptocurrency’s creator entrusted to several bitcoin developers that activates the protocol’s so-called “alert system,” once used to flash a text warning to those running the software in case something happened that could impact the security of their funds.

If you didn’t know bitcoin had a warning system like this, that’s because it was retired in 2016 due to security concerns and frequent confusion about its use.

“The alert system was a frequent source of misunderstanding about the security model and ‘effective governance,'” well-known Bitcoin Core contributor Greg Maxwell wrote in a public email from September 2016.

In short, some in the bitcoin community thought it could be used to change that network rules that unite users, which isn’t really the case. For example, a BitcoinJ developer once wanted to use the key to control fees, while a Bloq staffer pressed for Bitcoin Core developers to use the key to change the network’s mining difficulty.

Plus, developers were worried that if the wrong person got ahold of the key, they could broadcast false messages or potentially cause panic.

As such, to some, the reveal – being undertaken by Bitcoin Core contributor Bryan Bishop – is a long time coming.

“Folks, it’s going to be an interesting show,” Bishop tweeted, followed by a string of tweets cryptographically proving he’s in possession of the secret key, without fully revealing it quite yet.

The reveal is the final step to destroying the system. After Bitcoin Core developers released new code in 2016 without the alert system, in January 2017, a “final alert message” was broadcast, which – by law of the code – made that message unable to be overridden by any other messages in the future.

Still, the private key needs to be displayed publicly so there’s no possibility of reputation attacks against those developers that hold it.

Bishop told CoinDesk he plans to release it soon, though he’s not sure about the exact date, adding:

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Find out what Alibaba’s Jack Ma thinks about bitcoin

  • Alibaba Chairman Jack Ma is bullish on blockchain but reportedly says he would stay away from bitcoin because it could be a bubble.
  • Ant Financial, the financial-technology affiliate of Alibaba, launched a joint venture in Hong Kong Monday that uses blockchain for a cross-border remittance service.
  • “Technology itself isn’t the bubble, but bitcoin likely is,” Ma said, according to the Wall Street Journal.

Jack Ma’s Ant Financial is betting on blockchain but the Chinese billionaire warned against the technology’s first and most popular use case: Bitcoin.

The financial-technology affiliate of e-commerce giant Alibaba launched a joint venture in Hong Kong Monday that uses blockchain for a cross-border remittance service. At the launch event hosted by Ant Financial, Ma advocated for blockchain but said the firm does not own bitcoin, and would stay away from the asset class, the Wall Street Journal reported.

“It is…not right to become rich overnight by betting on blockchain,” Ma told reporters at the event, according to the Journal. “Technology itself isn’t the bubble, but bitcoin likely is.”

Bitcoin rose more than 1,300 percent last year to a high near $20,000. This year, the digital currency has fallen 50 percent to around $6,280, according to CoinDesk.

Ma, who is also Ant’s controlling shareholder, said blockchain…

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Bitcoin price CRASH: Bitcoin falls 9% to LOWEST LEVEL in months

  • The digital currency hit a four-month low of $6,092.38 and broke below $6,400 for the first time in about a week.
  • The order led bitFlyer — the largest crypto exchange in Japan — to suspend the creation of new accounts while it makes changes.
  • The agency gave the same order to five other exchanges after finding weaknesses in their controls against money laundering.

Bitcoin prices fell roughly 9 percent Friday after Japan’s financial regulator ordered several cryptocurrency exchanges to improve their practices against money laundering.

The digital currency fell to $6,081, breaking below $6,400 for the first time in about a week and reaching its lowest level since February 6, according to CoinDesk.

The order from Japan’s Financial Services Agency led bitFlyer — the country’s largest crypto exchange — to suspend the creation of new accounts while it makes improvements, especially in its measures to stop money laundering and terrorist…

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THIS CRYPTO might be better than Ripple (XRP)

Investing in digital coins can turn out tricky and a simple background check can save you a lot. Picking the best coin when you are presented with two options can be mind wrecking.   Stellar (XLM) and Ripple (XRP) are good projects and each has its own diehard fans and convincing them that one is better than the other is a hard nut to crack.

However, it can be helpful for those willing to invest on any digital coin to know what they are up against before they stake their hard earned cash. With allot of challenges in the market from the crypto-crash in January to-date, it is easy to look at XLM and XRP value indicators and how they have been able to wither the storm.

Addressing the Consumer Needs

With a competitive market and a new technology that people are just getting a grasp of, it is always discerning to get a product that you are comfortable with. A system that transforms your life and has real world use cases is ideal. However, the consumer demands are different and that is the point of…

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FIND OUT what the CEO of Goldman Sachs just said about Bitcoin

For Lloyd Blankfein, bitcoin just isn’t his thing.

The Goldman Sachs chairman and CEO said in an interview on Tuesday that “it’s not for me” when asked about the world’s largest cryptocurrency by market capitalization. Appearing at the Economic Club of New York, he remarked:

“I don’t do it. I don’t own bitcoin.”

Blankfein has struck a kind of middle-of-the-road tone on cryptocurrencies in the past, which is notable considering that his firm is reportedly toeing the waters of services built around the tech.

The investment banking giant is said to have developed plans for a bitcoin futures trading operation, according to New York Times, with an eye on growing that capacity depending on the results and approval from regulators.

In a previous interview with Bloomberg in November, Blankfein said…

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Can Ripple Reach $1,000? Here’s What an Expert Thinks

Trying to predict the future of Ripple

The cryptocurrency space has been very bearish for many of the cryptocurrencies apart from a handful of them in the year 2017. Also, the first quarter of 2018 didn’t prove to be bullish for the Bitcoin as well as other Altcoins. The cryptocurrency is ranked at the 3rd position according to coinmarketcap. It is the most widely adopted cryptocurrency by most of the banks and other financial agencies because of it’s Real Time Gross Settlement System and they consider it to act as a cost-cutting tool to their complex procedures.

It is among the cryptocurrencies which are said to give a tough competition to Bitcoin. Anyhow it can come nowhere near to Bitcoin in terms of its popularity and usage amongst the crypto community. Also until the cryptocurrency is not completely adopted by all the banks the price will keep fluctuating. Adding on to that is the fact that the cryptocurrency market itself is very volatile due to its low market capitalization, therefore, making Ripple difficult to reach new heights. The cryptocurrency market is dependent on the news and FUDs that any particular cryptocurrency can gain and a lot of value within a span of few hours or might even completely disappear from the list itself.

Can Ripple reach $1000?

Currently, the price is around $0.5 USD. For any particular cryptocurrency coin, the predictions can’t be made. The…

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BREAKING: Bitcoin Prices Just SURGED – Find Out Why

  • Bitcoin spiked suddenly in Monday afternoon trading to its highest since Tuesday.
  • New York’s Department of Financial Services granted Square a virtual currency license, allowing users of the Cash app in the state to trade bitcoin.
  • Cash has 7 million monthly active users, the company said in its first quarter earnings call.

Bitcoin spiked suddenly Monday afternoon following news users of the “Cash” mobile payments app could trade the cryptocurrency in New York.

The largest cryptocurrency by market capitalization gained more than 4.5 percent to $6,793, its highest since Tuesday, according to CoinDesk’s bitcoin price index. Bitcoin was trading near $6,732 as of 2:26 p.m. ET.

Cash is owned by Square and has 7 million monthly active users, the company said in its first quarter earnings call. On Monday, New York’s Department of Financial Services granted Square a virtual currency license, allowing users of the Cash app in the state to trade bitcoin. Bitcoin trading launched…

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This Crypto Costs $0.17 Now, Here’s Why It Could Reach $10

Cardano (ADA) has become one of the most popular cryptocurrencies to talk about lately, and as time passes, more and more people start to see its potential. With awareness, there also comes speculation, and some of the Cardano discussions have been revolving around its price and its potential growth in the future. It would seem that one of the most popular opinions right now is that Cardano has the potential to go up as high as $10 within the next 5 years. Can this really happen?

About Cardano (ADA)

Cardano is a blockchain-based, open-source technology. Like many other cryptos, it provides its users with smart contracts, and the ability to develop dApps, as well as make various transactions.

Cardano only appeared in September of last year, but in a few short months, it managed to climb up the ranks, and take its place as the 8th top cryptocurrency, according to CoinMarketCap. This is a massive achievement in itself, for such a new crypto to join a top 10 group in just a few months. However, ADA did not stop there. During the golden age of cryptos at the end of the previous year, it’s price reached $1, which was its all-time high.

Of course, after the value of cryptos dropped at the start of 2018, Cardano went down as well. Its price continued to struggle with the market changes, just like those of other cryptos, and it currently sits at $0.175066 per token.

So, why is everyone so excited about this cryptocurrency, and why is its price expected to go as high as $10, which is ten times higher than its all-time high so far?

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The Surprising Reason for Ethereum’s Price Jump Today

  • Ether, the cryptocurrency powered by the Ethereum blockchain, was trading up over 7% after a Securities and Exchange Commission official said the agency did not view the crypto as a security.
  • Such a designation would put the token under the agency’s authority.
  • Watch ether trade in real time here.

Ether, the cryptocurrency powered by the Ethereum blockchain, spiked Thursday after a Securities and Exchange Commission official said the agency did not view the crypto as a security.

Speaking at Yahoo Finance’s All Markets Summit, William Hinman, the SEC’s director of corporate finance, said the agency did not view bitcoin or ether as securities. Such a designation would require certain exchanges that facilitate trading of the cryptos to register with the agency. Thursday’s announcement was the first time the SEC provided regulator clarity on specific coins.

“Based on my understanding of the present state of ether, the Ethereum network, and its decentralized structure, current offers and sales of ether are not securities transactions,” Hinman said.

Bitcoin has long been viewed by market participants as a commodity, which falls under the auspices of the Commodity Futures Trading Commission. But it has been less clear whether regulators would deem ether, which…

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Top Price Predictions for Bitcoin, Ethereum and Ripple

  • Bitcoin, Ethereum, and Ripple suffer another major sell-off, extending their falls.
  • The three cryptocurrencies have very different technical pictures.
  • The Confluence Detector shows clusters of technical levels according to their importance.

BTC/USD has strong support at $6,381

The price of Bitcoin has support at $6,381. This is the convergence of the Bolinger Band one-hour Lower, the Pivot Point one month Support 1, the Pivot Point one-day Support 1 and the 1h-low.

If BTC/USD holds onto this critical level, it could target $6,637 which is the confluence of the Fibonacci 38.2% one-day, the 4h-high, the Simple Moving Average 100-15m, and the Bolinger Band 15m-Upper.

The next level above is $7047 which is the one-month low.

And what happens if Bitcoin loses $6,381? Things could get…

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