One of the most polarizing characters in the crypto industry, Roger Ver, is part of the latest digital currency news. He is known for making solid statements and comments about Bitcoin, altcoin and regulation.
In the latest news, Ver defended the San Francisco-based Coinbase in the face of the ongoing #DeleteCoinbase boycott. A few people have done more to support the adoption of Bitcoin and cryptocurrencies than Ver. So, while he is defending Coinbase, he has been wrong in the past in his support of cryptocurrency exchanges and its cost crypto investors dearly.
Ver has come to the defense of Coinbase and suggested that few other companies can claim to have done as much to push crypto adoption forward as the San Francisco-based crypto giant.
Coinbase has done more to drive crypto currency adoption than just about any other company. We should be grateful despite a few poor decisions along the way.
— Roger Ver (@rogerkver) March 7, 2019
As an investor, Ver has done more to promote cryptocurrency adoption than any other individual. This has earned him the nickname ‘Bitcoin Jesus’ due to his early evangelism in the space.
While Ver’s support towards Coinbase makes sense, his defense of a now infamous cryptocurrency exchange caused many investors loss and grief.
Two Miners Reportedly Executed A 51% Attack On Bitcoin Cash (BCH) Blockchain
“When the unknown miner tried to take the coins themselves, http://BTC.TOP & http://BTC.COM saw & immediately decided to re-org & remove these [transactions] TXs, in favor of their own TXs, spending the same P2SH coins, + many others … So just 2 miners, in secret & w/ no trouble, took it upon themselves to remove 2 blocks w/ another’s TXs, & replace with their own," Swann tweeted.The two miners and their attack are a topic shared by many best cryptocurrency news sites. However, 51% attacks have always been considered unethical, undesirable and unprofitable option to take away funds as it would require a massive amount of computing power and because of the fact that users would flee. According to other stats on Coin.Dance relevant to the two miners, BTC.top and BTC.com control 43% of the Bitcoin Cash mining pool together. Meanwhile, this is not the only mining attack featured in the coming altcoin news. Previously, the Ethereum Classic (ETC) blockchain experienced a 51% attack in January, resulting in a loss of 54,200 ETC.
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Galaxy Digital ‘Bank’ Cashes Out Of Block.one Investment With 123% Profits
“The acceptance of Block.one’s tender offer reflected a decision to rebalance the portfolio to maintain an appropriate level of diversification after the position increased due to its substantial outperformance relative to the remainder of the portfolio,” Novogratz then said.As the filing shows, Galaxy Digital Bank can attribute much of this loss to its principal investing and trading businesses, presumably due to the fact that November and December saw Bitcoin and many other coins falling to fresh lows, as the altcoin news showed. The filing notes that Galaxy Digital Bank is primarily founded by Novogratz's wealth, 20% of which is purportedly invested in Bitcoin and Ethereum. Even though the company lost $272.7 million in all of 2018, much of the losses were incurred as a result of sale of cryptocurrency. One Twitter analyst also went in detail on this. https://twitter.com/zhusu/status/1126394118093950983 However, this is not the end of Novogratz & co. The report revealed that as 2018 ended, Galaxy Digital Bank owned $350 million of assets, 50% of which constituted equity/stake in prominent industry startups. More importantly, Galaxy Digital announced the launch of another fund (rumored with hundreds of millions in funding) which will loan out capital to cryptocurrency firms - a business which has boomed during the 2018 bear market - as the latest cryptocurrency news show.
Crypto Market Retreat: $14 Billion Wiped Out Overnight
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