The Crypto News Podcast

Episode 020: Saturday 10th March 2018

First It Was The Government – Now The Lord Wants Your Bitcoin!

Coming up in today’s show:

  • Twitter gets tough on crypto scams
  • The Lord wants your Bitcoin – will you be dropping some into the collection tray?
  • Paypal gets in on the crypto-act
  • AND We share the best ICOs to make you a millionaire – but remember, we’re not financial advisers!

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The Top 5 Crypto News Stories from this week's show:

5 > Craigslist Ad Calls for Bitcoin Donations to Build a New Church

While it is certainly possible that legitimate efforts exist to build a new church funded entirely by Bitcoin donations, it does not appear this infamous Craigslist advertisement is one of them. In fact, it seems to try and trick Christians into donating to a fictitious church which will never be built.

This Craigslist advertisement calls upon all Christians to make Bitcoin contributions to a specific address. While there is nothing wrong with that per se, the lack of any contact information, address details, or even a name associated with this venture does raise a lot of questions. It appears this “church” is merely a scam intended to collect Bitcoin donations.

https://themerkle.com/craigslist-ad-calls-for-bitcoin-donations-to-build-a-new-church/

4 > The 5 Best ICOs in 2018 Which Might Make You a Millionaire

In this list, we’ll showcase some of the most profitable ICOs to take off in 2018. Some might make you a millionaire if you’re ready to take some risk.

https://cryptocurrencyfare.com/the-5-best-icos-in-2018-which-might-make-you-a-millionaire/

3 > Twitter CEO Promises to Crack Down on Cryptocurrency Scams

Twitter CEO Jack Dorsey has promised that the social media giant will crack down on the increasing number of cryptocurrency scam accounts that have begun to proliferate in “Crypto Twitter.”

Over the past several months, an increasing number of industry figures with large Twitter followings have seen their profiles copied and used to scam naive followers into sending cryptocurrency to scammers’ wallets.

https://www.ccn.com/twitter-ceo-promises-crack-cryptocurrency-scams/

https://beat.10ztalk.com/2018/03/07/twitter-ceo-promises-to-crack-down-on-cryptocurrency-scams/

2 > PayPal Files Patent For System To Speed Up Cryptocurrency Transaction Times

U.S.-based payments giant PayPal has filed a patent with the U.S. Patent and Trademark Office (USPTO), published on March 1, to increase the speed of cryptocurrency payments. The patent describes an “Expedited Virtual Currency Transaction System”, involving the use of secondary private keys to shorten wait times for transactions between consumers and merchants.

https://cointelegraph.com/news/paypal-files-patent-for-system-to-speed-up-cryptocurrency-transaction-times

AND

Consortium Of 61 Japanese Banks To Release Instant Mobile Payment App Powered By Ripple

The Japanese Bank Consortium will release an instant domestic payments mobile app, “MoneyTap,” using Ripple’s technology in the fall of 2018, Ripple’s blog reported yesterday, March 6.

The 61-bank consortium, led by SBI Ripple Asia, is representative of more than 80 percent of all of Japan’s banking assets, according to Ripple. Takashi Okita, CEO of SBI Ripple Asia, said in Ripple’s blog post:

“Together with the trust, reliability and reach of the bank consortium, we can remove friction from payments and create a faster, safer, and more efficient domestic payments experience for our customers.”

https://cointelegraph.com/news/consortium-of-61-japanese-banks-to-release-instant-mobile-payment-app-powered-by-ripple

Top Story 1 > Coinbase User Files Class Action Against Company, Claims Insider BCH Trading

Coinbase, a major US-based cryptocurrency exchange and wallet platform, faces a class action lawsuit claiming that its employees and other insiders benefited from trading on non-public information that the exchange planned to introduce Bitcoin Cash (BCH) support last December, The Recorder Law reported on Friday, March 2.

The complaint was filed by Coinbase user and Arizona citizen Jeffrey Berk, represented by two law firms, in the US District Court for the Northern District of California on Thursday, March 1.

The introduction to the class action complaint brought against Coinbase explains that it is being made:

“on behalf of all Coinbase customers who placed purchase, sale or trade orders with Coinbase… during the period of December 19, 2017 through and including December 21, 2017… and who suffered monetary loss as a result of Defendants’ wrongdoing.”

In the lawsuit, the plaintiff accuses Coinbase of “artificially inflated prices” by means of disclosing buy and sell orders moments after Coinbase launched BCH support on Dec. 19, 2017. The move may have caused the price of the cryptocurrency to soar by over 130 percent — from $1,865 on Dec. 18 it reached as high as $4,300 by Feb. 20, according to data from CoinMarketCap.

https://cointelegraph.com/news/coinbase-user-files-class-action-against-company-claims-insider-bch-trading

This week's Crypto quickies:

1) https://localbitcoins.com/

 

This week's Top 5 Crypto Coins:

See https://cointracking.info/coin_trends.php for the latest stats.

Paul's Fantasy Crypto Portfolio:

See http://cryptonewspodcast.com/paul

Paul Teague

Alison's Fantasy Crypto Portfolio:

See http://cryptonewspodcast.com/alison

Alison's Bitcoin-only portfolio: http://cryptonewspodcast.com/BTC

Your Crypto Portfolios:

See https://cryptonewspodcast.com/your-crypto-portfolios/

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