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Use our news to inform cryptocurrency trading decisions, stay up-to-date on happenings in the industry, and more!

Hospital Launches Cryptocurrency Addiction Rehab Clinic
A Scottish hospital has launched a crypto rehab unit and by all accounts, the calls are flooding in. “Cryptocurrency users can get hooked by the volatile fluctuation of prices online which creates a ‘high’ when they buy or trade a winning currency,” said Castle Craig Hospital in a press release. “This can be exciting but also addictive and, like gambling addiction, can be financially disastrous.” MarketWatch features a 10 question survey for you to determine if you’re a pathological cryptocurrency addict.

Venezuela Bans Crypto Mining Rigs From Entering the Country
Despite the Venezuelan government embracing cryptocurrency with open arms, reports BlockExplorer’s Tony Spilotro, the country has taken a stand against cryptocurrency mining, going as far as to ban related computer equipment from entering the country.

Trading App Startup Taylor Says All Funds Have Been Stolen In Cyberattack
Taylor, a smart cryptocurrency trading assistant, was robbed of all of their funds, ZDNet reports.
The attack is said to have taken place on Tuesday of last week. In a Medium blog post, the Taylor team said “all of our funds have been stolen. Not only the balance in ETH (2,578.98 ETH) but also the TAY tokens from the Team and Bounty pools.”

Blockchain NW, Seattle’s First Crypto Conference, Begins Next Week
Seattle’s first blockchain conference begins Tuesday, June 5. The event will feature 50+ speakers who specialize in blockchain business and technology. Special to this event is a Blockchain career fair set up to match Pacific Northwest employers and employees. And if there was any doubt, tickets can be purchased with cryptocurrency.

Image courtesy of Carty Sewill, http://cartyisme.com/

Reddit user /u/Aiwa4 has created a tool named Investor Data, which follows Reddit comments looking for specific keywords referencing cryptocurrencies. This data is used to track the popularity of various cryptocurrencies. The tool is available to anyone on the internet and is funded by donations.

Investor Data

Investor Data's main interface

 

Currently, Investor Data tracks  27 cryptocurrencies over 3 subreddits. Namely /r/CryptoCurrency, /r/CryptoMarkets, and /r/BitcoinMarkets are used as the data source. Aside from Bitcoin and its forks, due to an issue separating similar names, ‘most’ top 20 cryptocurrencies make up the list of 27. The data is placed on a table, with a percentage and time used to indicate popularity. The table is updated every 5 minutes and requires a reload to update locally.

Further planned features for Investor Data include interactive graphs and a JSON based API. Also mentioned is a plan to implement a similar tool for Google Trends and Twitter, and the possibility of putting all the data together for a more complete look at the cryptocurrency community.

Most popular currency on Reddit

EOS's rankings on Investor Data at the time of writing

Investor Data reported that the most talked about currency at the time of writing was EOS, with Ethereum and NANO tied for second place.

The spread of data over time provides a nice look into whether or not a given amount of activity is new. Short-term increases, for example, would indicate hype around a cryptocurrency, while long-term increases without similar short-term numbers could indicate sustained interest.

Issues

Currently, the site does not have a valid SSL certificate, meaning that malicious parties may be able to fake the site for their own benefit. Otherwise, as stated above, the tool currently does not differentiate between forks that have similar names, for example, Bitcoin and Bitcoin Cash. Therefore, any statistics referencing these coins will be for every fork. Investor Data’s FAQ does state that differentiating forks with similar names is being worked on. There is not a timeline available for when this will be fixed.

 

Update: /u/Aiwa4 has stated in a comment to BlockExplorer that they plan to procure an SSL certificate to remedy the above mentioned issues with SSL.

 

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Use our news to inform cryptocurrency trading decisions, stay up-to-date on happenings in the industry, and more!

Opera Allows You to Convert Currency to BTC
A reddit user found that web browser Opera now lets you set preferences to convert currency to BTC.

The Effect of GDPR on Blockchain and Cryptocurrency Services
Lawyer and tech enthusiast Danica Sergison gives an overview of a few GDPR trends to be aware of if you use cryptocurrency services, including exchanges, wallets, and peer-to-peer marketplaces. A BlockExplorer exclusive.

Adult Film Star and Trump Adversary Stormy Daniels Adds Crypto Rewards to Her Professional Website
In an effort to encourage her site visitors to consume content, Story Daniels has added crypto rewards to StormyDaniels.com. Coindesk explains that what Daniels is using is called a Vice Industry Token (VIT) and “was created for use cases within the adult entertainment industry”. They go on to say that “tokens earned can then be used to access premium content or to purchase services at other sites supporting the token.”

Bitcoin Gold Suffers Double Spend Attacks, $17.5 Million Lost
Bitcoin Gold traders have been working on tracing the attack since last week. ZDnet reports, “Scrutiny of unusual activity on the network has revealed the scheme, in which “double spending” attacks have been launched against cryptocurrency exchanges trading the virtual currency.”

There’s 1 Bitcoin Hidden in This Puzzle, and Whoever Solves it Wins
Bitcoin community members are trying to crack a puzzle hidden within a word cloud image. CCN shares that the image “was posted earlier this week on the Bitcoin subreddit by new user cryptogreetings, who informed excited readers that one whole Bitcoin (currently worth $8300) was up for grabs for whoever could figure it out. At face value, the image is a word cloud of words and numbers taken from Bitcoin inventor Satoshi Nakomoto’s whitepaper, all different sizes and overlapping each other.”

South Africa Investigates $80 Million Bitcoin Scam
Reuters reports, “South African authorities are investigating an alleged cryptocurrency scam that defrauded investors of 1 billion rand ($80 million) with promises of huge returns that never materialized, police said on Friday.”

Image courtesy of Carty Sewill, http://cartyisme.com/

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Use our news to inform cryptocurrency trading decisions, stay up-to-date on happenings in the industry, and more!

US Department of Justice, CFTC Investigating Bitcoin Market Manipulation
The United States Department of Justice has launched a probe into claims of market manipulation across bitcoin markets. BlockExplorer’s Tony Spilotro tells us that the investigation is in collaboration with the Commodities and Futures Trading Commission, which oversees derivatives of bitcoin and other coins.

Revolut Users Make 100,000 Bitcoin, Litecoin And Ethereum Exchanges Every Day
Forbes reports, “London-based fintech startup Revolut — which is today adding Bitcoin Cash and Ripple XRP to its cryptocurrency trading app — has revealed its users make around 100,000 Bitcoin, Litecoin and Ethereum exchanges everyday.”

Coinbase To Add Crypto Staking Feature in the Future
San Francisco-based Coinbase, one of the United States largest cryptocurrency exchanges, is following up their most profitable fiscal year with aggressive expansion, making a number of big-name acquisitions such as Earn and Cipher Browser, and rolling out an extensive suite of new products aimed at satisfying the needs of institutional investors.

American Express Announces a Blockchain Application To Its Membership Rewards Program
American Express is integrating blockchain technology developed by Hyperledger, an open source blockchain project, that will let merchants create customized offers for cardholders.

Image courtesy of Carty Sewill, http://cartyisme.com/

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PRESS RELEASE:

On June 20, Tbilisi will host the main crypto event of Georgia – Blockchain & Bitcoin Conference Georgia 2018. Participants and partners of the event are founders and promoters of the blockchain industry in the country.

Program and partners

The conference will feature Georgian and foreign crypto experts: entrepreneurs, investors, founders of blockchain companies, developers, representatives of state authorities, lawyers and economists.

Partners of the event are founders of blockchain industry in Georgia: Association Blockchain Georgia, Bitcoin Embassy Georgia and Blockchain Systems Institute. These organizations became the most active propagandists of blockchain and digital assets in the country.

Guests will enjoy discussions on topical issues: specifics of mining in Georgia, state regulation and state administration, prospects of ICO holding in the country.

Exhibition area will include well-known companies representing the international blockchain industry: suppliers of mining equipment and farms, ICO projects, blockchain platforms, integrators, developers and organizations providing technological and financial services.

Venue

The event will be held in the upmarket hotel Radisson Blu Iveria Hotel in the center of Tbilisi. Address: 1 Rose Revolution Square.

Organizer

The event is held by the international company Smile-Expo, which created a network of blockchain events in 20 countries. For 12 years of its activity, it has established itself as the organizer of large-scale industry events in Europe, Asia and even in Australia.

Follow the news on the official website of Blockchain & Bitcoin Conference Georgia.