Coinbase Data Shows That Bitcoin Has Outperformed S&P 500 Since 2013

According to a new report by United States-based cryptocurrency exchange and wallet service Coinbase, Bitcoin (BTC) continues to outperform the world’s most popular stock indexes. Coinbase published its latest report on the day that the Bitcoin whitepaper turned 11 years old, claiming that BTC has outperformed tech stocks and the S&P 500 since 2013, saying: “While Bitcoin’s price fluctuates, it’s trending up and to the right following many bull runs. This year, Bitcoin has also outperformed world stock market indexes.” Bitcoin generated 132% return this year alone Coinbase points out…

CEO Of Zimbabwean Crypto Exchange Loses Password to Bitcoin Cold Wallet

Tawanda Kembo, the founder and CEO of the Zimbabwean cryptocurrency exchange Golix, claims to have lost the password to one of the exchange’s Bitcoin (BTC) cold wallets. On Nov. 1, local news daily iHare reported that the CEO of Zimbabwe’s first cryptocurrency exchange allegedly lost the password in May of last year. IHare wrote that the “password fiasco” was confirmed by two separate sources familiar with the matter.  CEO loses access to 33 Bitcoins The story of the lost password follows reports that financial regulators at the Reserve Bank of…

Telegram Releases Test Gram Wallet Despite Pending SEC Suit

Telegram has released a test version of its desktop wallet for its own digital coin, known as Grams, despite an injunction from the SEC preventing the launch of its planned blockchain, Telegram Open Network (TON). Users can download the desktop app on Windows, macOS, and Linux 64 bit from Telegram’s official website. The app greets users with the message, “Now you have a wallet only you control – directly, without middlemen or bankers.” Users can also engage in test transactions with Grams distributed by a special Telegram bot; however, it warns that these…

Coinbase is a product led company

There is a lot of variety in how companies are run. Some companies have design, legal, engineering, or ops act as final decision makers on new product features. Some companies have a single decision maker while others opt for committees or “two in a box” decision making. Each of these can work, and there is no right or wrong answer. But it is important to have a clear policy/philosophy in each company so that everyone is on the same page about how work gets done. At Coinbase, our philosophy is…

Hackers Take Over BitMEX Twitter, but Customer Funds Reportedly Safe

Hackers took over the Twitter account of cryptocurrency exchange BitMEX after the previously reported leak of customer email details on Nov. 1. The exchange claims that, although its Twitter account was hacked, all user funds are safe. “Hackers” tease individual IDs and take over BitMEX Twitter Since the update was published, hackers briefly gained control of the BitMEX Twitter account, posting two messages which were swiftly deleted. The first message read “Take your BTC and run. Last day for withdrawals,” followed by another reading simply, “Hacked.” Following this a Twitter…

Why Libra Isn’t Ready and Congress Not Buying Zuckerberg’s Testimony

Facebook’s CEO Mark Zuckerberg returned to Capitol Hill to testify before Congress on Oct. 23 about the company’s planned use of the cryptocurrency it is backing, Libra, attempting to debunk the voluminous number of concerns surrounding Facebook’s regulatory measures. This marks Zuckerberg’s first testimony to Congress since his last journey to Capitol Hill back in April 2018 after the Cambridge Analytica data breach. Related: Zuck of the Hill: After 6-Hour Libra Grilling, Congress Unconvinced Unfortunately, there was very little that both lawmakers and consumers took away from the hearing, which…

Bitcoin’s First Monthly Gain Since June Spells Bullish for Q4 2019

Bitcoin price (BTC) closed out October at $9,150, which represents the first monthly gain since June.  October also brought new lows of $7,300, which was met with a memorable swing of around 40% back up to highs of $10,350.   So far, Friday has brought a small gain to Bitcoin price of around 0.39%, but down over the previous 24 hours by 1.61% with the retrace also being seen among the other major coins.  Cryptocurrency market daily view. Source: Coin360 Monthly Bitcoin price chart The Bitcoin chart clearly shows that BTC…

Two Pro-Crypto US Congressmen Note Bitcoin White Paper’s 11th Birthday

U.S. Representatives Patrick McHenry (R-NC) and Warren Davidson (R-OH), have encouraged Bitcoin (BTC)-powered innovation on the Bitcoin white paper’s 11th birthday. U.S. policymakers should not attempt to deter Bitcoin’s tech U.S. congressman McHenry, who represents North Carolina’s 10th District, urged that American authorities should not stifle the new technology in a tweet on Oct. 31. According to the official, policymakers should facilitate the development of new technologies. McHenry reiterated his previous bullish sentiments about Bitcoin, stating: “The world that Satoshi Nakamoto envisioned, and others are building, is an unstoppable force.…

Telegram’s Grams Wallet Is Available on GitHub in Test Mode

Telegram’s crypto wallet Grams Wallet is now available for MacOS, Windows and Ubuntu in testing mode, with the source code published on GitHub. Grams Wallet users can get test tokens Users can now download the test wallet client from its website, create an address and receive private keys as well as request and test Gram tokens in the app via a special Telegram bot called TestTonBot. Specifically, TestTonBot invites users to test out the service by requesting 5 to 20 tokens to the generated crypto address on the app. After…

Binance CEO Changpeng Zhao to Speak at Turkish Summit Alongside Gov’t Bigwigs

Changpeng Zhao, CEO of major cryptocurrency exchange Binance, will be speaking at the Turkish Capital Markets Summit 2019. On Nov. 1, Cointelegraph Turkish reported that Zhao, also known as CZ within the crypto community, will be going to Turkey to attend and speak at the Capital Market Summit, which will be held in Istanbul from Nov. 19–20, 2019. The event also includes members of Turkey’s presidential administration. Dr. Ali Taha Koç, the Head of the Digital Transformation Office of the Presidency of the Republic of Turkey and Arda Ermut, the…