Russia Denies Buying $10 Billion in Bitcoin, Telegraph Story Fake News

Russia is not planning to buy $ 10 billion in bitcoin this quarter, according to an official with the Russian State Duma. Elina Sidorenko, chair of the Duma’s cryptocurrency group, says the rumors are nonsense. “This statement has no common sense,” Sidorenko told ForkLog. “The Russian Federation — like any other country in the world — is simply not … Continued

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News – CCN

Ivanka Trump Dominating World Bank Presidency Story, but Do Bigger Concerns Lie Ahead?

News emerged from the White House on Monday that Ivanka Trump, daughter of US President Donald Trump, is to play an essential role in the identification of the US candidate for the recently vacated position as World Bank President. There are reports circulating that Ms. Trump herself has been under consideration for the role. These … Continued

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News – CCN

Story: A Coinbase user accidentally sends bitcoin to a litecoin address. Coinbase support claims it’s not recoverable. Someone on Twitter helps the user recover the funds successfully.

Just listened to the story on the recent Blockdigest episode. The TL;DR is in the title.

It's of course the mistake of the user to not being careful enough, but also negligence on part of Coinbase not to have any sort of warning or restrictions in place for sending bitcoin to a litecoin address (which seems like an easy and reasonable thing to implement).

But particularly negligent is to claim that the funds are not recoverable anymore, which is simply not true, and luckily, another Twitter user was able to help recover the funds successfully (worth around $ 2.5k). So the Coinbase support was simply either incompetent or just lazy or lying, which is all equally concerning, as such cases are likely not very rare with all the newbies coming into the space and Coinbase is one of the biggest fiat on-ramps into bitcoin.

Timestamp to the story (as told by @brian_trollz, the person helping with the recovery): https://youtu.be/cvbm0YlKV04?t=3211

Link to the original Twitter thread: https://twitter.com/djjindra/status/1073096138893385728

And the follow up by @brian_trollz: https://twitter.com/brian_trollz/status/1073241960528429056

submitted by /u/TheGreatMuffin
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Bitcoin – The Currency of the Internet

The story of Hal Finney, an extraordinary cryptographic activist (main contributor to PGP), and his idea of “Reusable Proofs Of Work”. He was also one of the first Bitcoin users (downloading Bitcoin on the day it was released), receiving the first Bitcoin transaction ever from Satoshi him/herself!

submitted by /u/TillAntonio
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Bitcoin – The Currency of the Internet