{"id":367323,"date":"2019-01-05T14:00:05","date_gmt":"2019-01-05T14:00:05","guid":{"rendered":"https:\/\/wncen.com\/?p=367323"},"modified":"2019-01-05T08:12:30","modified_gmt":"2019-01-05T08:12:30","slug":"crypto-tidbits-bitcoin-turns-ten-ethereum-berated-buy-fortnite-merch-with-monero","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/crypto-tidbits-bitcoin-turns-ten-ethereum-berated-buy-fortnite-merch-with-monero\/","title":{"rendered":"Crypto Tidbits: Bitcoin Turns Ten, Ethereum Berated, Buy Fortnite Merch With Monero"},"content":{"rendered":"<p>Crypto&#8217;s 2019 arguably started with a bang, which was in stark contrast to the holiday season&#8217;s lull. The Bitcoin Network, for one, turned ten years old, just as a number of bullish development blessed crypto startups. Many hope that this positive momentum will continue\u00a0to influence this industry in the months to come.<\/p>\n<h2>Crypto Tidbits:<\/h2>\n<ul>\n<li><strong><a href=\"https:\/\/wncen.com\/2018\/12\/29\/bitcoin-answer-paypal-bans-cybersecurity-news-outlet\/\">Paypal Bans The Hacker News<\/a><\/strong>: Last week, The Hacker News (THN), a well-respected cybersecurity news portal, took to Twitter to express its distaste\u00a0towards Paypal. According to THN&#8217;s company statement on the matter,\u00a0Paypal permanently banned its accounts without mentioning a specific rationale.\u00a0<a href=\"https:\/\/wncen.com\/2018\/12\/11\/paypal-delves-into-private-crypto-with-internal-token-platform\/\" data-wpel-link=\"internal\">Paypal<\/a>\u00a0even purportedly rubbed salt on THN\u2019s wound, so to speak, claiming that it would be holding wallet funds for six months, failing to cite a reason yet again. After some warranted banter, the American financial services firm explained that \u201cspecific reasons for such a decision is proprietary &amp; [will not be] released,\u201d skirting THN\u2019s inquiry for the umpteenth time. This quip caused Bitcoin proponents to begin touting crypto&#8217;s merits.\u00a0Matt Odell, a Bitcoin advocate, claimed that when there\u2019s nowhere left to turn, BTC is always there. Marty Bent, a crypto-centric media creator, explained that payment processors have begun to lose their minds, likely referencing the worldwide theme of growing digital censorship. Bent added that it\u2019s time to \u201clevel up\u201d through Bitcoin, which will leave the \u201cpower drunk companies\u201d in the dust.\n<div class=\"SandboxRoot env-bp-350\" data-twitter-event-id=\"2\">\n<div id=\"twitter-widget-2\" class=\"EmbeddedTweet EmbeddedTweet--cta js-clickToOpenTarget tweet-InformationCircle-widgetParent\" lang=\"en\" data-click-to-open-target=\"https:\/\/twitter.com\/MartyBent\/status\/41713152\" data-iframe-title=\"Twitter Tweet\" data-scribe=\"page:tweet\" data-twitter-event-id=\"5\"><\/div>\n<\/div>\n<\/li>\n<li><strong>Crypto Startup Digitizes Tesla, Apple, Nasdaq Stocks As Ethereum Tokens<\/strong>: DX.Exchange, a crypto startup headquartered in Estonia and Israel, will be tokenizing the shares of Tesla, Apple, Facebook, and seven other Nasdaq-based stocks. This system will allow the firm&#8217;s users to trade the aforementioned stocks on the Ethereum blockchain, even when American markets are shuttered for the night or weekend. Eventually, the fintech company intends to expand its offerings to equities listed on the New York Stock Exchange, Tokyo&#8217;s Nikkei, and Hong Kong&#8217;s Hang Seng. These digital representations of stocks will be fully-collateralized, with MPS MarketPlace Securities, acting as the centralized counterparty.<\/li>\n<li><strong>Mike Novogratz Doubles-Down on Crypto<\/strong>: Mike Novogratz, a former Fortress Investments top brass turned fervent cryptocurrency investor, bought 7.5 million ordinary shares of Galaxy Digital, a crypto-friendly merchant bank he founded, for a grand total of $7.42 million Canadian dollars ($4.8M U.S.). With this purchase, he now controls 80% of Galaxy (GLXY) stock. When this news broke, the shares of the firm surged by 40% on the day, moving up to $1.4 Canadian dollars apiece.<\/li>\n<li><strong>Fortnite Merchandise Store Adopts Monero Payments<\/strong>: Per Riccardo Spagni and the Monero core team, the Fortnite merchandise store now takes payments in the privacy-centric cryptocurrency. This integration was enabled by Globee and paid for by a number of Monero community members and the aforementioned payment processor itself. Referencing the popular &#8220;Battle Royale&#8221; game, Spagni quipped on Twitter that \u201cnow you can purchase that sweet Durrr Burger onesie without your friends, family, or coworkers judging you,\u201d evidently touching on Monero&#8217;s inherent privacy features. Interestingly, Globee accepts Bitcoin, along with a number of other leading cryptocurrencies, but the payment medium limited cryptocurrency transactions to solely XMR.\n<div class=\"SandboxRoot env-bp-350\" data-twitter-event-id=\"0\">\n<div id=\"twitter-widget-1\" class=\"EmbeddedTweet EmbeddedTweet--cta js-clickToOpenTarget tweet-InformationCircle-widgetParent\" lang=\"en\" data-click-to-open-target=\"https:\/\/twitter.com\/fluffypony\/status\/77352450\" data-iframe-title=\"Twitter Tweet\" data-scribe=\"page:tweet\" data-twitter-event-id=\"2\"><\/div>\n<\/div>\n<\/li>\n<li><a href=\"https:\/\/wncen.com\/2019\/01\/03\/happy-tenth-birthday-bitcoin-bitmex-crypto-community-celebrate\/\"><strong>Bitcoin Blockchain Turns Ten Years Old<\/strong><\/a>: On January 3rd, 2019, the Bitcoin blockchain celebrated its tenth birthday. Just ten years ago, Satoshi Nakamoto made the first transaction using BTC. Due to the importance of this\u00a0auspicious day, the cryptocurrency community was evidently joyous and in a celebratory mood. BitMEX put a multi-page advertisement in<em> The Times<\/em> in an evident reference to Bitcoin&#8217;s origins. A number of decentralists celebrated Proof of Keys, an initiative headed by early crypto entrepreneur Trace Mayer that implores investors to withdraw their cryptocurrencies from exchanges. Prominent cryptocurrency content creators celebrated the day by singing <em>One Million Dreams<\/em>, a song from the blockbuster movie &#8220;The Greatest Showman.&#8221;<\/li>\n<li><a href=\"https:\/\/wncen.com\/2018\/12\/30\/ethereum-vitalik-buterin-criticism-bitcoin-advocate\/\"><strong>Bitcoin Advocate Tuur Demeester Bashes Ethereum<\/strong><\/a>: Last week, Tuur Demeester, an altcoin cynic, Bitcoin proponent, and investor, compiled his years of skepticism towards Ethereum, issuing a 50-part Twitter thread on the matter. Through his scathing messages,\u00a0Demeester, the founder of Adamant Capital, a so-called \u201cBitcoin Alpha Fund,\u201d conveyed a multitude of reasons why he\u2019s skeptical of the project. The Bitcoiner noted that Ethereum&#8217;s underlying architecture and culture is the stark opposite of Bitcoin&#8217;s.\u00a0Yet, the former project is apparently still seeking to achieve decentralization and immutability, while becoming a store of value, an asset issuance platform, and a smart contract facilitator. He added that Ether&#8217;s current market capitalization of ~$15 billion is overinflated, as he sees the project as a &#8220;science experiment at best.&#8221; Since Demeester&#8217;s rant has gained traction on Twitter, Ethereum co-founder Vitalik Buterin has responded.<\/li>\n<li><a href=\"https:\/\/wncen.com\/2019\/01\/03\/coinbase-subscription-model-survey\/\"><strong>Coinbase May Launch Subscription Model<\/strong><\/a>: An apparent survey from Coinbase has polled users on the appeal of a subscription model, which would reduce \u201cmaker\u201d and \u201ctaker\u201d fees for Pro traders, while offering perks for premium members. If implemented, this program would be the first of its kind in the cryptosphere, and would likely propel the company\u2019s trading platforms to new heights.<\/li>\n<\/ul>\n<pre>Featured Image from Shutterstock<\/pre>\n","protected":false},"excerpt":{"rendered":"<p>Crypto&#8217;s 2019 arguably started with a bang, which was in stark contrast to the holiday season&#8217;s lull. The Bitcoin Network, for one, turned ten years old, just as a number of bullish development blessed crypto startups. Many hope that this positive momentum will continue\u00a0to influence this industry in the months to come. Crypto Tidbits: Paypal Bans The Hacker News: Last week, The Hacker News (THN), a well-respected cybersecurity news portal, took to Twitter to express its distaste\u00a0towards Paypal. According to THN&#8217;s company statement on the matter,\u00a0Paypal permanently banned its accounts without mentioning a specific rationale.\u00a0Paypal\u00a0even purportedly rubbed salt on THN\u2019s wound, so to speak, claiming that it would be holding wallet funds for six months, failing to cite a reason yet again. After some warranted banter, the American financial services firm explained that \u201cspecific reasons for such a decision is proprietary &amp; [will not be] released,\u201d skirting THN\u2019s inquiry for the umpteenth time. This quip caused Bitcoin proponents to begin touting crypto&#8217;s merits.\u00a0Matt Odell, a Bitcoin advocate, claimed that when there\u2019s nowhere left to turn, BTC is always there. Marty Bent, a crypto-centric media creator, explained that payment processors have begun to lose their minds, likely referencing the worldwide theme of growing digital censorship. Bent added that it\u2019s time to \u201clevel up\u201d through Bitcoin, which will leave the \u201cpower drunk companies\u201d in the dust. Crypto Startup Digitizes Tesla, Apple, Nasdaq Stocks As Ethereum Tokens: DX.Exchange, a crypto startup headquartered in Estonia and Israel, will be tokenizing the shares of Tesla, Apple, Facebook, and seven other Nasdaq-based stocks. This system will allow the firm&#8217;s users to trade the aforementioned stocks on the Ethereum blockchain, even when American markets are shuttered for the night or weekend. Eventually, the fintech company intends to expand its offerings to equities listed on the New York Stock Exchange, Tokyo&#8217;s Nikkei, and Hong Kong&#8217;s Hang Seng. These digital representations of stocks will be fully-collateralized, with MPS MarketPlace Securities, acting as the centralized counterparty. Mike Novogratz Doubles-Down on Crypto: Mike Novogratz, a former Fortress Investments top brass turned fervent cryptocurrency investor, bought 7.5 million ordinary shares of Galaxy Digital, a crypto-friendly merchant bank he founded, for a grand total of $7.42 million Canadian dollars ($4.8M U.S.). With this purchase, he now controls 80% of Galaxy (GLXY) stock. When this news broke, the shares of the firm surged by 40% on the day, moving up to $1.4 Canadian dollars apiece. Fortnite Merchandise Store Adopts Monero Payments: Per Riccardo Spagni and the Monero core team, the Fortnite merchandise store now takes payments in the privacy-centric cryptocurrency. This integration was enabled by Globee and paid for by a number of Monero community members and the aforementioned payment processor itself. Referencing the popular &#8220;Battle Royale&#8221; game, Spagni quipped on Twitter that \u201cnow you can purchase that sweet Durrr Burger onesie without your friends, family, or coworkers judging you,\u201d evidently touching on Monero&#8217;s inherent privacy features. Interestingly, Globee accepts Bitcoin, along with a number of other leading cryptocurrencies, but the payment medium limited cryptocurrency transactions to solely XMR. Bitcoin Blockchain Turns Ten Years Old: On January 3rd, 2019, the Bitcoin blockchain celebrated its tenth birthday. Just ten years ago, Satoshi Nakamoto made the first transaction using BTC. Due to the importance of this\u00a0auspicious day, the cryptocurrency community was evidently joyous and in a celebratory mood. BitMEX put a multi-page advertisement in The Times in an evident reference to Bitcoin&#8217;s origins. A number of decentralists celebrated Proof of Keys, an initiative headed by early crypto entrepreneur Trace Mayer that implores investors to withdraw their cryptocurrencies from exchanges. Prominent cryptocurrency content creators celebrated the day by singing One Million Dreams, a song from the blockbuster movie &#8220;The Greatest Showman.&#8221; Bitcoin Advocate Tuur Demeester Bashes Ethereum: Last week, Tuur Demeester, an altcoin cynic, Bitcoin proponent, and investor, compiled his years of skepticism towards Ethereum, issuing a 50-part Twitter thread on the matter. Through his scathing messages,\u00a0Demeester, the founder of Adamant Capital, a so-called \u201cBitcoin Alpha Fund,\u201d conveyed a multitude of reasons why he\u2019s skeptical of the project. The Bitcoiner noted that Ethereum&#8217;s underlying architecture and culture is the stark opposite of Bitcoin&#8217;s.\u00a0Yet, the former project is apparently still seeking to achieve decentralization and immutability, while becoming a store of value, an asset issuance platform, and a smart contract facilitator. He added that Ether&#8217;s current market capitalization of ~$15 billion is overinflated, as he sees the project as a &#8220;science experiment at best.&#8221; Since Demeester&#8217;s rant has gained traction on Twitter, Ethereum co-founder Vitalik Buterin has responded. Coinbase May Launch Subscription Model: An apparent survey from Coinbase has polled users on the appeal of a subscription model, which would reduce \u201cmaker\u201d and \u201ctaker\u201d fees for Pro traders, while offering perks for premium members. If implemented, this program would be the first of its kind in the cryptosphere, and would likely propel the company\u2019s trading platforms to new heights. Featured Image from Shutterstock<\/p>\n","protected":false},"author":497,"featured_media":367341,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,6664,6782],"class_list":["post-367323","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-crypto","tag-industry"],"acf":[],"yoast_head":"\n<title>Crypto Tidbits: Bitcoin Turns Ten, Ethereum Berated, Buy Fortnite Merch With Monero<\/title>\n<meta name=\"description\" content=\"Crypto Tidbits: Bitcoin turns 10, Ethereum berated by Demeester, buy Fortnite merch with Monero, Coinbase may launch subscription offering.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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