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      "author": "steemitboard",
      "body": "Congratulations @imccormick82! You received a personal award!\n\n<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@imccormick82/birthday2.png</td><td>Happy Birthday! - You are on the Steem blockchain for 2 years!</td></tr></table>\n\n<sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@imccormick82) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=imccormick82)_</sub>\n\n\n###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!",
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      "body": "I'm so glad that the stolen BTC will be paid back in full! see here:\nhttps://steemit.com/nicehash/@mad-cat/nicehash-will-pay-stolen-btc-back-they-say\nThx for posting news on crypto!",
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      "author": "cheetah",
      "body": "Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:\nhttps://www.cnbc.com/2017/12/14/bitcoin-ether-litecoin-ripple-differences-between-cryptocurrencies.html",
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      "body": "By now, you've no doubt heard about the massive bitcoin rally this year. And you may also have read about other cryptocurrencies, such as litecoin and Ethereum, surging too.\n\nBut there are over 1,300 cryptocurrencies in existence. And while bitcoin dominates the market, several other digital currencies are making waves.\n\nCNBC has created a brief guide on how the top five cryptocurrencies by market capitalization, or value in the world, have performed so far this year, and what the differences are between each of them.\n\nAll market cap and year-to-date rise figures are accurate as of December 14.\n\nBitcoin\nMarket cap: $275.1 billion\nYear-to-date rise: 1,590.5 percent\n\nBitcoin, invented in 2009, is the largest cryptocurrency by value. A whitepaper was released by Satoshi Nakamoto, bitcoin's mysterious founder, outlining the aim of the project. The original document stated that bitcoin is a \"peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution.\"\n\nIt runs on a technology known as blockchain, which is a digital ledger of activity that cannot be tampered with. It's decentralized because there is no central authority governing bitcoin. Instead, a network of so-called \"miners\" with high-powered computers work together to verify transactions through complex cryptography.\n\nBut because of the frenzy around bitcoin, transaction times have spiked, which could go against the original aims of the cryptocurrency. While Nakamoto referred to bitcoin as electronic cash, many experts have called it \"digital gold\" and said it could be a long-term store of value.\n\nAt the moment, some retailers in Japan have begun accepting bitcoin as payment and there are even instances of real estate firms accepting it too. But there is little evidence of widespread use of bitcoin for payments.\n\nEthereum\nMarket cap: $71.1 billion\nYear-to-date rise: 8,812.6 percent\n\nEthereum is the name of a blockchain company that has created the digital token ether. But Ethereum and ether are now used interchangeably to refer to the cryptocurrency.\n\nEther is backed by a blockchain, much like bitcoin, but the technology is slightly different and aimed at a specific use case: smart contracts.\n\nTake a trade finance deal, for example. This relies on each party in the deal having a paper or digital copy of the contract and needing to update it individually. It's arduous and prone to error.\n\nBut a smart contract is one that is written in code into a blockchain. Once the terms of the contract are met by each party, a deal will be executed.\n\nMany major organizations are experimenting with Ethereum's blockchain. A consortium called the Enterprise Ethereum Alliance, which includes companies like Microsoft and JPMorgan, is developing uses for the Ethereum blockchain.\n\nThe cryptocurrency ether is required by developers who want to build apps on the Ethereum blockchain and by users who want access to interact with the smart contracts on the platform.\n\nBitcoin cash\nMarket cap: $33 billion\nRise since it was created in July 2017: 229.6 percent\n\nBitcoin cash was created earlier this year after bitcoin split in what is known as a \"hard fork.\"\n\nThose who owned bitcoin at the time received free bitcoin cash tokens. The rally in bitcoin cash hasn't been as dramatic as the other cryptocurrencies.\n\nMany developers were concerned about the high transaction times on the bitcoin network. As a result, they proposed a solution that would increase the size of each transaction and therefore boost the speed. But not all in the community agreed with the proposal, resulting in the split.\n\nThe group behind bitcoin cash say transaction times are faster than the original bitcoin.\n\n![](https://steemitimages.com/DQmSCfypBUgJsx9NgiqqpJsNJzWFi6y5ZbtLZi1HE1DSZbH/image.png)\n\nRipple\nMarket cap: $21.8 billion\nYear-to-date rise: 8,479.8 percent\n\nRipple markets itself as a cross-border payments solution for large financial institutions based on blockchain technology.\n\nAt the moment, an international payment may take a few days to make with a very high cost. A headache for banks is high-volume, but low-value, transactions — the kind that Facebook might pay out to app makers, for example. These can often be expensive and unprofitable for the banks because it takes a lot of effort to move the money and the percentage cut won't be as high as for a larger transaction.\n\nRipple is trying to solve this problem via its technology. The start-up has been conducting trials with a number of financial institutions, including American Express and Santander.\n\nThe Ripple digital currency, known as XRP, can be used by enterprise to get instant liquidity needed in a high-value transaction, without having to pay fees.\n\nXRP acts as a bridge between fiat currencies during a transaction. Ripple said transactions in XRP can be settled in four seconds, faster than any major cryptocurrency right now.\n\nLitecoin\nMarket cap: $16.5 billion\nYear-to-date rise: 6,859.6 percent\n\nLitecoin is probably bitcoin's closest rival in terms of the use case. Founder Charlie Lee has, on numerous occasions, said the cryptocurrency can be used for payments because it's faster than bitcoin.\n\nLitecoin transactions take just over two minutes to go through, compared to an average of around nearly 300 minutes for bitcoin.\n\nThere is a limited supply of 84 million litecoins, compared to 21 million bitcoin. Currently, 54,293,533 litecoin and 16,740,175 bitcoin are in circulation.\n\n\"Litecoin is very similar to bitcoin except it has four times as many coins. It's also four times faster,\" Lee told CNBC in a TV interview earlier this week.\n\n\"I think litecoin is targeted more towards payments, faster transactions and lower fees.\"",
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      "author": "imccormick82",
      "body": "Ripple's XRP cryptocurrency is scaling new heights today, but the rally looks overbought, according to price chart analysis.\n\nXRP was last seen trading at a record high of $0.70 on data source CoinMarketCap, and has gained over 50 percent in the last 24 hours. Further, its market capitalization has jumped to $23.63 billion, making it the fourth largest cryptocurrency globally.\n\nThe token's six-month-long consolidation in the $0.15–$0.13 range ended with an upside break on Dec. 12 – seemingly due to increased demand for alternative cryptocurrencies as bitcoin passed over its recent record peak and started to appear overdone.\n\nPossibly boosting sentiment for the network was the news earlier this week that banks in Japan and South Korea are set to test cross-border payments using Ripple-based systems. However, XRP itself is not being used in the trial.\n\nSouth Korean markets, though, have certainly played a role in boosting XRP's price. A look at the individual markets on CoinMarketCap shows that trading volume on Bithumb, one of the largest exchanges in the country, has jumped 35 percent in the last 24 hours.\n\nClearly, the rally has substance, but it looks to be overstretched, as per technical analysis.\n\nThe strong bullish momentum could push prices higher to $0.7255 (361.8 percent Fibonacci extension).\n\n![](https://steemitimages.com/DQmZWxZVH7Q1DjppC5GBEejJqdGfebzBpDyGCpiviZ7jwUo/image.png)\n\nHowever, as noted, the rally looks to be overstretched, and there is some probability of a pullback to $0.50 (ascending trend line on 1-hour chart).",
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      "body": "@@ -548,234 +548,96 @@\n .%E2%80%9D%0A%0A\n+!%5B%5D(\n https://\n-www.google.com/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwjXsJzIl4rYAhVT92MKHVGOANoQjRwIBw&url=https%253A%252F%252Ftwitter.com%252Fnicehashmining&psig=AOvVaw3S8oKebkx1HSIEw9WLUug_&ust=1513364321403196\n+steemitimages.com/DQmddJkQ514udYvwLBAniX18m6F4eLcj4n51aoPjSxgt36k/image.png)\n %0A%0ANi\n",
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      "parent_author": "",
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      "body": "@@ -544,16 +544,244 @@\n acks.%E2%80%9D%0A%0A\n+https://www.google.com/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwjXsJzIl4rYAhVT92MKHVGOANoQjRwIBw&url=https%253A%252F%252Ftwitter.com%252Fnicehashmining&psig=AOvVaw3S8oKebkx1HSIEw9WLUug_&ust=1513364321403196%0A%0A\n NiceHash\n",
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      "body": "NiceHash is set to come back online soon, following the hacking of its website.\n\nNiceHash was taken offline after its payment systems were compromised and its Bitcoin wallet cleared out of reportedly over 4,000 Bitcoin.\n\n“The support we have received from our community during this crisis has been immense,” said NiceHash.\n\n“We want you to start earning money again as soon as possible. We are taking all the necessary steps to re-establish our systems with the highest possible levels of security to contain and defeat any possible future attacks.”\n\nNiceHash said its systems were scheduled to go down for 24 hours following the hack, but the rebuilding of NiceHash took longer than initially expected.\n\n“Your Bitcoins were stolen and we are working with international law enforcement agencies to identify the attackers and recover the stolen funds. We understand it may take some time,” it said.\n\nhttps://mybroadband.co.za/news/cryptocurrency/242104-nicehash-is-coming-back.html",
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      "body": "Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:\nhttps://www.coindesk.com/80000-grabs-zcash-foundation-launch-grant-initiative/",
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      "body": "The non-profit overseeing development of the zcash blockchain is offering $80,000 in new grants to innovators and technologists who can help advance the platform.\n\nIn a blog post to be issued today, the Zcash Foundation intends to outline how the grants will be used to fund \"novel, underserved ideas\" in software development, science and research and community outreach. It is not, however, looking to fund projects that can be \"obviously monetized,\" such as startups seeking venture funding.\n\nProject ideas put forth by the foundation itself range from the technical, such as building software that will allow users to send zcash over the social messaging app WhatsApp, to the educational, like launching a meetup focused on the cryptocurrency.\n\nhttps://www.servethehome.com/wp-content/uploads/2017/02/Zcash-Logo-for-STH.png\n\nZcash Foundation senior program manager Josh Cincinnati told CoinDesk:\n\n\"By providing these grant opportunities, we hope to spark creative ideas and encourage broader community participation... and build community infrastructure in the process. To borrow some analogies from the Zcash roadmap, ideally these grants will be seeds for the future of Zcash–and the broader privacy-focused crypotcurrency community.\"\n\nTo apply, grant proposals must be submitted on GitHub by September 15, at which point they will considered by a notable group of reviewers, including cryptographer and University of Luxembourg professor Alex Biryukov and Ethereum Foundation researcher Vlad Zamfir.\n\nLaunched late last year, zcash is touted as a privacy-oriented cryptocurrency protocol in that it allows users the option to transact more anonymously using a bleeding-edge cryptography technique called zk-SNARKS.\n\nThough it has not enjoyed quite as much attention since its splashy launch last October, development has continued behind the scenes. Zcash is currently working on a big software upgrade, called Sapling, with more updates expected in the coming months.\n\nCredit: www.coindesk.com",
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      "body": "Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:\nhttps://finance.yahoo.com/news/bitcoin-price-falls-again-reports-113339842.html",
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      "body": "China's clampdown on cryptocurrencies has reportedly taken a new direction – to close down local bitcoin exchanges.\n\nInitial reports from Chinese media that the government plans to close down domestic cryptocurrency exchanges have seen the virtual coin shed more than $100 since Friday. Bloomberg and the Wall Street Journal also reported Monday that that the country is planning to shut down digital currency exchanges.\n\nBitcoin sunk to a low of $4,241 in late trading in the U.K. Friday, and reached a low of $4,108 on Monday, according to Coindesk data.\n\nIt climbed to a record high of $5,000 dollars a little over a week ago, and has shot up by nearly 350 percent since the start of the year.\n\nThe latest reported crackdown follows a decision by Chinese regulators – including the People's Bank of China (PBOC) – to ban initial coin offerings (ICOs). ICOs are a means of raising funds by selling off new digital tokens. A crackdown on ICOs would not affect the original cryptocurrency directly, but bitcoin still dropped more than $1,000 over a period of three days.\n\nChina's latest move to shut down local exchanges would mark a new direction for the country in its efforts to regulate the market.\n\nAn analyst told CNBC last week that China could be just one of many countries lining up to put increasing regulatory pressure on the $150 billion cryptocurrency market.\n\n\"The Chinese market has been perhaps the most virulently exuberant in terms of its irrational excesses and across the world regulators are looking to gradually turn up the regulatory heat on this ICO phenomenon,\" Charles Hayter, CEO and founder of digital currency comparison website Crypto Compare, told CNBC via email last Tuesday.\n\nExperts also claimed the move could bring some much needed law and order to the market, by toughening up on fraud and scams.\n\n'Nothing is ever certain'\n\nCrypto Compare's Hayter said Monday that \"nothing is ever certain\" when it comes to China's rhetoric on virtual cash.\n\n\"With China nothing is ever certain and a lot is left to be desired in terms of translation and interpretation. Rumors are that the Chinese are looking to ban bitcoin again and ring-fence their fiat yuan from the crypto world. The fears of capital outflows as well as money laundering are causing the Chinese state to ratchet the rhetoric,\" he said via email.\n\nHe added that the latest move wouldn't affect the market too deeply, as China \"isn't that important\".\n\n\"The recent moves against ICOs rocked the market but have left it relatively unscathed. Examples will doubtless be made – the question is who and when. The crypto markets realized earlier in the year that China isn't that important as it only accounts for less than 20 percent of volumes – Japan, the US and Korea to an extent are more than enough to sustain healthy volumes. Uncertainty for the time being in China whilst for the rest of the world its business as usual.\"\n\n'China needs to tread carefully'\n\nChamath Palihapitiya, venture capitalist and owner of the Golden State Warriors, took to Twitter Monday to voice his own thoughts on China's cryptocurrency crackdown.\n\nThe former Facebook employee warned China to \"tread carefully\" in dealing with bitcoin's meteoric rise.\n\nhttps://news.bitcoin.com/wp-content/uploads/2017/06/shutterstock_550971307-1.jpg\n\nCredit: www.cnbc.com",
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      "body": "Congratulations @imccormick82! You have completed some achievement on Steemit and have been rewarded with new badge(s) :\n\n[![](https://steemitimages.com/70x80/http://steemitboard.com/notifications/posts.png)](http://steemitboard.com/@imccormick82) Award for the number of posts published\n\nClick on any badge to view your own Board of Honor on SteemitBoard.\nFor more information about SteemitBoard, click [here](https://steemit.com/@steemitboard)\n\nIf you no longer want to receive notifications, reply to this comment with the word `STOP`\n\n> By upvoting this notification, you can help all Steemit users. Learn how [here](https://steemit.com/steemitboard/@steemitboard/http-i-cubeupload-com-7ciqeo-png)!",
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      "body": "It is crazy to think that the GOV's of the world want nothing more than to take from the people and never give back. They see something making people money and they want to take it from them.",
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      "body": "@imccormick82 Awesome posts sir... I thoroughly concur along with you. Adore it. Upvoted.\nWow, that may be so magnificent. I'm pretty grateful for that! Adore it. Upvoted.",
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      "body": "Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:\nhttps://www.cryptocoinsnews.com/korean-court-rules-bitcoin-seizure-illegal-confiscation/",
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      "body": "A South Korean district court has ruled that the seizure of some 216 bitcoins by South Korean police as criminal proceeds as an inappropriate act.\n\nIn the first ruling of its kind in the country, the Suwon district court declared that ‘bitcoin is not subject to confiscation’ after authorities seized 216 bitcoins from an individual charged with operating an illegal pornography website.\n\nAccording to a report by local publication Kyunghyang Shinmun, the case involved 33-year-old Ahn, who was indicted on charges of operating AVSNOOP.club, an illegal pornography website since December 2013. Ahn was arrested in May this year with the prosecution alleging Ahn to have made some $1.9 billion won in cash and 216 bitcoins. It remains unknown if Ahn accepted bitcoins from members as payment or if he exchanged some of the cash to bitcoin.\n\nRegardless, the Suwon district court refused to accept the prosecution’s confiscation of the bitcoin, which saw Ahn’s cryptocurrency end up at the Treasury.\n\nThe court reportedly ruled: It is not appropriate to confiscate bitcoins because they are in the form of electronic files without physical entities, unlike cash. Virtual currency cannot assume an objective standard value.\n\nFurther, the court explained that cases wherein virtual currencies are gained as criminal profit, any confiscation should only be considered by calculating the corresponding amount of the criminal proceeds, rather than confiscating the virtual currency altogether.\n\nhttps://news.bitcoin.com/wp-content/uploads/2017/06/shutterstock_550971307-1.jpg\n\nDetails remain scarce, but the ruling could potentially set a groundbreaking precedent in relation to seizures of individuals’ cryptocurrencies by authorities, whatever the reason.\n\nOne of the world’s busiest trading markets for bitcoin, South Korea could soon see regulations enforced by authorities on the local bitcoin industry. As reported by CCN in June, Park Yong-jin, a lawmaker and member of the country’s ruling party drew up a new set of bills to regulate and legalize digital currencies in South Korea. The country’s financial regulator, the Financial Services Commission, established a digital currency ‘task force’ in November 2016 with the intent to focus on drafting regulatory and licensing parameters for bitcoin exchanges in the country. The task force convenes on a regular basis and continues to dwell on determining a legalized future for digital currencies in South Korea.\n\nOne of the more FinTech-forward nations, South Korea has predominantly harbored a bitcoin-friendly stance and recently issued permits to a number of bitcoin-mediated money transfer firms to engage in foreign currency transfer services.\n\nCredit: www.cryptocoinsnews.com",
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