News Bytes Daily Summary for Monday, April 30th: Coinbase Worth $8 Billion, Bitcoin-mining Balloon Launches, Unicef Fundraises with Cryptocurrency, SEC Talks ICOs, Bitcoin.com Lawsuit

News Bytes for April 30, 2018

Coinbase Internally Values Itself at $8 Billion, Sources Say

Cryptocurrency exchange Coinbase has internally valued itself at approximately $8 billion, sources familiar with the company’s recent acquisition of paid messaging startup Earn.com say.

Miner One Successfully Launches Bitcoin-mining Balloon

Miner One successfully launched its bitcoin-mining balloon today. Space Miner One is a capsule and high-altitude balloon that will “perform data-mining operations at the edge of space”. Miner One’s goal is to “remind people that cryptocurrency is really about the future and the revolutionary technology at its heart: so-called blockchain technology.”
You can watch the launch on Facebook.

Unicef Australia Turns Computer Processing Power Into Cryptocurrency For Fundraising

With nearly 2,000 donors already, The Hopepage website uses some of your computer’s processing power to automatically generate funds for UNICEF Australia.

SEC Remains Cautious But Open To Cryptocurrency Fundraising

Underlining the need for cryptocurrency regulation, the SEC reminds investors to be cautions of ICOs. “If you want to know what our markets would look like with no securities regulation, what it would look like if the SEC didn’t do its job, the answer is the ICO market,” SEC Commissioner Robert Jackson said. However, the agency still remains open to a legal avenue for crypto-investments.

Bitcoin.com Fraud Lawsuit Gains Support From Over 1,000 People

The could-be lawsuit centers around the widely-held belief that Bitcoin.com has deliberately misled users into buying an altcoin instead of Bitcoin itself.

Carlie Fairchild

Carlie Fairchild is the Publisher of Linux Journal. She’s been actively engaged in the Linux community for two decades and is responsible for setting the magazine’s overall direction. Carlie leads a motley team of geeks and journalists to ensure that Linux Journal stays true to its founding ideologies of personal freedom and open-source technical innovation.

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