Chucky Lee (WOT:coblee)), best known as the chief forking officer of Litecoin, has quit his position at Coinbase to focus on altcorn development. During his tenure at Coinbase, customers complained of frequent outages and degraded performance, events which often conveniently coincided with swings in US dollar price against the Bitcoin standard. Coinbase is alleged to value itself at an incredible Billion fiat dollars, and claims to have coerced 7.7 million customers into using the platform. The news of Lee's resignation comes on the heels of Coinbase/GDAX seeking $100 million US dollars in venture capital funding for further development, which users ought to hope1 will be used to make the site run for more than a week without crashing.
The period of sustained malaise which hit fiat currencies this year continues to take it's toll with the United States dollar spending much of May under 1/2000th of a Bitcoin. New all time lows for the dollar threatened to cross 1/3000th of a Bitcoin, but they did cross the 1/2800th mark more than doubling the dollar's pre-2017 low mark. At present fiat/Bitcoin interfaces are sitting around a ~1/2200th of a Bitcoin price for the US dollar, a mark unheard of before this May. Sorry for your loss.
Acting U.S. Attorney Tom Larson of the Western District of Missouri has prosecuting a case of exchanging money for property as a criminal act. The victim Jason R. Klein plead guilty to running an "illegal currency exchange" that per the prosecution only handled money on one side of the transaction as the other side of the transaction was property. Had the case been prosecuted to a verdict in favor of the prosecution, it would have set a precedent for prosecuting any transactions between private parties.
Tom Larson is a careerist employed by the US Attorney's office for the Western District of Missouri since 1980 before finding himself in this interim leadership position. This is a typical career path of least resistance undertaken by swamp creatures embedded as obstacles to The Great Again.
A rash of ransomware attacks utilizing Microsoft exploits once exclusive to apparatus of USG oppression have crippled loyal shitware customers including the UK's socialized medical system, Fedex, and numerous banks. The rapidity with which the program known as WCry colonized Windows machines compelled Microsoft to issue security patches addressing this particular exploit for long unsupported products in an effort to stem the bleeding. The increasing effectiveness of ransomware attacks in concert with continued fiat currency malaise that threatens to take the US dollar below 1/2000th of a Bitcoin1 is driving the cost of continuing to run shitware for any purpose to the moon.
With many more exploits liberated from the cellars of the USG.NSA and USG.CIA, this front presents an incredible ongoing peril afflicting fiat interests that is unlikely to be relieved any time soon.2
Mining difficulty on the Bitcoin network has risen ~7.28 percent to 559970892890.83813477 from 521974519553.62823486 for a new all time high. The previous adjustment a slight increase of ~0.22% from 520808749422.13983154 to was also a new all time high as has been the trend for much of Bitcoin's ever increasing history.
Fiat currency malaise continues as well with the United States dollar continuing to suffer an increasing number of all time lows against the Bitcoin.
As previously mentioned in a Shitcoin Roundup Xtend(TM)(R), 21co has positioned itself to become the latest spam as a service by announcing the release of it's "Bitcoin Email" to the general public. 21co assures the public that "Famous people" that no one has ever heard of and aren't in the Web of Trust are currently using the product, which allows users to send such gems as surveys, tasks, and other items which normally hit your Spam folder to be sent to "curated lists of individuals and professionals". Participants are rewarded with Bitcoin shavings, or "micropayments" which is redditard jargon for individuals that don't have much actual Bitcoin. The shift in focus comes after the company failed to convince enough gullible people to shell out $400+ on their "mining hardware" that could never hope to offer a return on investment, instead now hoping to "disrupt social media networks through micropayments" which will likely be true as users will be required to click delete on 21co's proffering before resuming their visual journey through myriad cat pictures. (archived)
The bulk of fiat centered fiat/Bitcoin interfaces are testing a price that would drop the value of a United States dollar to 1/1400th of a Bitcoin on their markets. The malaise affecting fiat currencies has kept the dollar trading under 1/1000th of a Bitcoin for most of 2017. At the present fiat/Bitcoin interfaces which are outliers from the pack include BTCChina which has illegally cooperated with the PBOC to stop Bitcoin outflows while still allowing fiat outflows leaving it a laggard where a dollar is still a whopping 1/1180th of a Bitcoin, simply for the reason that a dollar can be taken off of their troubled platform. Bitfinex is also an outlier in the other direction where a dollar is a mere 1/1497th of a Bitcoin as it goes through Goxian death pains.
Bitfinex death watch continues with the address declared to be their "cold storage" down 50,000 Bitcoins and counting. This comes as Buttfunex's fait banking partners have ceased processing fiat withdrawals from this fiat emphasized fiat/Bitcoin interface. Sorry for your loss… butt fun while it lasted.
Bitfinex self reported that their fiat-side banking partners in the Republic of China1 are going to soon stop doing banking work for them on the bank's initiative. This is in line with the other China's attitude towards their fiat emphasized fiat/Bitcoin interfaces. Sorry for your loss, butt fun while it lasted.