Die Coins von Bitfinex transferieren - Get Golden

DigitalNote (XDN)

DigitalNote is a robust Proof-of-Work/Proof-of-Stake hybrid blockchain with instant untraceable transactions and highly secure encrypted messaging features at its core. Innovative and forward-thinking, DigitalNote is resistant to the 51% attacks that plague other networks and is mobile-ready with lightweight wallet functionality.
[link]

Mixing, Tumbling & Anonymizing Crytopcoin transactions

anonymization and privatization of cryptotokens
[link]

Bitcoin Newcomers FAQ - Please read!

Welcome to the /Bitcoin Sticky FAQ

You've probably been hearing a lot about Bitcoin recently and are wondering what's the big deal? Most of your questions should be answered by the resources below but if you have additional questions feel free to ask them in the comments.
It all started with the release of the release of Satoshi Nakamoto's whitepaper however that will probably go over the head of most readers so we recommend the following videos for a good starting point for understanding how bitcoin works and a little about its long term potential:
Some other great resources include Lopp.net, the Princeton crypto series and James D'Angelo's Bitcoin 101 Blackboard series.
Some excellent writing on Bitcoin's value proposition and future can be found at the Satoshi Nakamoto Institute.
Some Bitcoin statistics can be found here and here. Developer resources can be found here. Peer-reviewed research papers can be found here.
Potential upcoming protocol improvements and scaling resources here and here.
The number of times Bitcoin was declared dead by the media can be found here (LOL!)

Key properties of Bitcoin

Where can I buy bitcoins?

Bitcoin.org and BuyBitcoinWorldwide.com are helpful sites for beginners. You can buy or sell any amount of bitcoin (even just a few dollars worth) and there are several easy methods to purchase bitcoin with cash, credit card or bank transfer. Some of the more popular resources are below, also check out the bitcoinity exchange resources for a larger list of options for purchases.
Here is a listing of local ATMs. If you would like your paycheck automatically converted to bitcoin use Bitwage.
Note: Bitcoins are valued at whatever market price people are willing to pay for them in balancing act of supply vs demand. Unlike traditional markets, bitcoin markets operate 24 hours per day, 365 days per year. Preev is a useful site that that shows how much various denominations of bitcoin are worth in different currencies. Alternatively you can just Google "1 bitcoin in (your local currency)".

Securing your bitcoins

With bitcoin you can "Be your own bank" and personally secure your bitcoins OR you can use third party companies aka "Bitcoin banks" which will hold the bitcoins for you.
Note: For increased security, use Two Factor Authentication (2FA) everywhere it is offered, including email!
2FA requires a second confirmation code to access your account making it much harder for thieves to gain access. Google Authenticator and Authy are the two most popular 2FA services, download links are below. Make sure you create backups of your 2FA codes.
Google Auth Authy OTP Auth
Android Android N/A
iOS iOS iOS

Watch out for scams

As mentioned above, Bitcoin is decentralized, which by definition means there is no official website or Twitter handle or spokesperson or CEO. However, all money attracts thieves. This combination unfortunately results in scammers running official sounding names or pretending to be an authority on YouTube or social media. Many scammers throughout the years have claimed to be the inventor of Bitcoin. Websites like bitcoin(dot)com and the btc subreddit are active scams. Almost all altcoins (shitcoins) are marketed heavily with big promises but are really just designed to separate you from your bitcoin. So be careful: any resource, including all linked in this document, may in the future turn evil. Don't trust, verify. Also as they say in our community "Not your keys, not your coins".

Where can I spend bitcoins?

Check out spendabit or bitcoin directory for millions of merchant options. Also you can spend bitcoin anywhere visa is accepted with bitcoin debit cards such as the CashApp card. Some other useful site are listed below.
Store Product
Gyft Gift cards for hundreds of retailers including Amazon, Target, Walmart, Starbucks, Whole Foods, CVS, Lowes, Home Depot, iTunes, Best Buy, Sears, Kohls, eBay, GameStop, etc.
Spendabit, Overstock and The Bitcoin Directory Retail shopping with millions of results
ShakePay Generate one time use Visa cards in seconds
NewEgg and Dell For all your electronics needs
Bitwa.la, Coinbills, Piixpay, Bitbill.eu, Bylls, Coins.ph, Bitrefill, LivingRoomofSatoshi, Coinsfer, and more Bill payment
Menufy, Takeaway and Thuisbezorgd NL Takeout delivered to your door
Expedia, Cheapair, Destinia, Abitsky, SkyTours, the Travel category on Gyft and 9flats For when you need to get away
Cryptostorm, Mullvad, and PIA VPN services
Namecheap, Porkbun Domain name registration
Stampnik Discounted USPS Priority, Express, First-Class mail postage
Coinmap and AirBitz are helpful to find local businesses accepting bitcoins. A good resource for UK residents is at wheretospendbitcoins.co.uk.
There are also lots of charities which accept bitcoin donations.

Merchant Resources

There are several benefits to accepting bitcoin as a payment option if you are a merchant;
If you are interested in accepting bitcoin as a payment method, there are several options available;

Can I mine bitcoin?

Mining bitcoins can be a fun learning experience, but be aware that you will most likely operate at a loss. Newcomers are often advised to stay away from mining unless they are only interested in it as a hobby similar to folding at home. If you want to learn more about mining you can read more here. Still have mining questions? The crew at /BitcoinMining would be happy to help you out.
If you want to contribute to the bitcoin network by hosting the blockchain and propagating transactions you can run a full node using this setup guide. If you would prefer to keep it simple there are several good options. You can view the global node distribution here.

Earning bitcoins

Just like any other form of money, you can also earn bitcoins by being paid to do a job.
Site Description
WorkingForBitcoins, Bitwage, Cryptogrind, Coinality, Bitgigs, /Jobs4Bitcoins, BitforTip, Rein Project Freelancing
Lolli Earn bitcoin when you shop online!
OpenBazaar, Purse.io, Bitify, /Bitmarket, 21 Market Marketplaces
/GirlsGoneBitcoin NSFW Adult services
A-ads, Coinzilla.io Advertising
You can also earn bitcoins by participating as a market maker on JoinMarket by allowing users to perform CoinJoin transactions with your bitcoins for a small fee (requires you to already have some bitcoins.

Bitcoin-Related Projects

The following is a short list of ongoing projects that might be worth taking a look at if you are interested in current development in the bitcoin space.
Project Description
Lightning Network Second layer scaling
Blockstream, Rootstock and Drivechain Sidechains
Hivemind and Augur Prediction markets
Tierion and Factom Records & Titles on the blockchain
BitMarkets, DropZone, Beaver and Open Bazaar Decentralized markets
JoinMarket and Wasabi Wallet CoinJoin implementation
Coinffeine and Bisq Decentralized bitcoin exchanges
Keybase Identity & Reputation management
Abra Global P2P money transmitter network
Bitcore Open source Bitcoin javascript library

Bitcoin Units

One Bitcoin is quite large (hundreds of £/$/€) so people often deal in smaller units. The most common subunits are listed below:
Unit Symbol Value Info
bitcoin BTC 1 bitcoin one bitcoin is equal to 100 million satoshis
millibitcoin mBTC 1,000 per bitcoin used as default unit in recent Electrum wallet releases
bit bit 1,000,000 per bitcoin colloquial "slang" term for microbitcoin (μBTC)
satoshi sat 100,000,000 per bitcoin smallest unit in bitcoin, named after the inventor
For example, assuming an arbitrary exchange rate of $10000 for one Bitcoin, a $10 meal would equal:
For more information check out the Bitcoin units wiki.
Still have questions? Feel free to ask in the comments below or stick around for our weekly Mentor Monday thread. If you decide to post a question in /Bitcoin, please use the search bar to see if it has been answered before, and remember to follow the community rules outlined on the sidebar to receive a better response. The mods are busy helping manage our community so please do not message them unless you notice problems with the functionality of the subreddit.
Note: This is a community created FAQ. If you notice anything missing from the FAQ or that requires clarification you can edit it here and it will be included in the next revision pending approval.
Welcome to the Bitcoin community and the new decentralized economy!
submitted by BitcoinFan7 to Bitcoin [link] [comments]

Why Blockstream Aqua has integrated Tether ?

Why Blockstream Aqua has integrated Tether ?
hi guys,
I'm wondering why Blockstream has made the choice to integrate Tether into its Aqua wallet.
I thought Bitcoin Maximalist didn't recognize any other crypto except Bitcoin , so integrating a suspected cryptocurrency ( remember the BitFinex hack topic and the proof of funds of tether ...) I don't get it.
Could you shed some light on this point ?

Fifouille


https://preview.redd.it/ad9keshbu0q51.jpg?width=1125&format=pjpg&auto=webp&s=a718a04bc93b8e0722fd072b30c6b518bebc7750
submitted by Fifouille to Bitcoin [link] [comments]

Over 1000 Bitcoin from Bitfinex hack moved

Four years after the infamous Bitfinex hack that resulted in one of the largest bitcoin thefts since the Mt Gox incident in 2014, notifications published by the Whale Alert twitter account today, stated that approximately 1,190 BTC ($12,645,059) of stolen funds from the BitFinex hack in 2016 has been moved to an unknown wallet. Whale […]
submitted by FuzzyOneAdmin to fuzzyone [link] [comments]

Bitfinex: Up to US$400 Million Reward for Return of Stolen 2016 Bitcoin

Bitfinex is offering a reward to any persons that connect us with hackers responsible for the unauthorized transfer of almost 120,000 bitcoins from the exchange in August 2016. As part of the same initiative, Bitfinex is also offering a reward to the hackers themselves for the return of the stolen property. This incident is a dark chapter in our exchange's history, and we are pleased to offer this reward as further evidence of our determination to obtain the lost property.
Early in the morning on August 2, 2016, hackers breached the security systems of our exchange. As a result, 2072 unauthorised transactions were broadcast on the Bitcoin network, involving 119,755 bitcoins in aggregate. We have learned valuable lessons from this painful episode, addressing the security issues and vulnerabilities associated with the theft.
Today's announcement of a reward is our latest effort to recover these stolen funds. Those who put Bitfinex in contact with the hacker will receive 5% of the total property recovered (or equivalent funds or assets at current market values), and the hackers will receive 25% of the total property recovered (or equivalent funds or assets at current market values). Any payments made to those connecting Bitfinex with the hackers and the hackers themselves will be classified as costs of recovery of the stolen property.
The aggregate rewards available under this programme could be worth up to approximately US$400 million at the current BTC price if all bitcoins are fully recovered. The bitcoins stolen minus recoveries in 2019 are worth $1.344 billion today, with 30 per cent of that amount equal to $403,288,427.
In order to confirm the identity of the hackers, we will request that 1 Satoshi is sent from the wallet address responsible for the hack to a wallet address specified by Bitfinex. We will work to ensure this can be done safely, thereby protecting the identities of all parties, and Bitfinex reserves the right to impose conditions on any transfers in order to verify claims and ensure a secure process.
As the recent hacking incidents at Twitter and Ledger demonstrate, this type of crime continues to be a threat for all businesses in the digital asset space and the wider technology sphere. No-one in our community can afford to be complacent about the ingenuity of criminal gangs to perpetuate new types of fraud.
Bitfinex has made security the overriding, number one priority of the exchange. As an exchange, we know we owe our success to a customer base that has loyally supported us through good and bad times. In the aftermath of the 2016 security breach, the exchange provided BFX tokens to all affected users. Each token represented $1 of losses. Those BFX tokens started trading on Bitfinex at less than $0.20, and gradually increased in value to almost $1. Monthly redemptions began on September 1, 2016, and the last BFX token was redeemed at the beginning of April 2017. More than 52 million BFX tokens were converted to shares of iFinex Inc. at 1:1 tokens to shares.
We have continued to work with law enforcement agents in investigating the 2016 security breach. In February 2019, U.S. authorities recovered 27.66270285 bitcoins stolen in the 2016 hack, which were converted to U.S. dollars and paid to RRT (Recovery Right Token) Holders.
Those with information relating to the 2016 hack at Bitfinex can contact us at: @bitfinex2016 via keybase.
submitted by pmayall to CryptoCurrency [link] [comments]

Welcome to the Official Energi Cryptocurrency Reddit!

Welcome to the Official Energi Cryptocurrency Reddit!

https://preview.redd.it/mymfi39kf2c51.png?width=200&format=png&auto=webp&s=71c90d32c9bf87dbd393e85bbeedb753e202a5b0
Below you will find a Table of Contents that will cover all the fundamentals of the cryptocurrency.

Table of Contents

  1. What is Energi?
  2. What are the Fundamentals of Energi?
    1. Scalability
    2. Funding
    3. Governance
    4. Inflation
    5. Distribution
    6. Decentralization
    7. Long Term Vision
  3. Coin Specs
  4. How to Get Started
    1. Official Energi Website
    2. Social Media
    3. Exchanges
    4. Energi Block Explorers
    5. Wallet Downloads
    6. Proof-of-Stake Setup Guides
    7. Masternode Setup Guide
  5. FAQ

1. What is Energi

Energi is a self-funding (no ICO and no premine) cryptocurrency that has a purpose to become the world’s leading cryptocurrency with the unification of Smart Contracts, Governance and Self-funding Treasury to ensure longevity and enable rapid growth. You can read more about why we decided to self-fund and chose not to conduct an ICO here.
Energi provides a small allocation to Proof-of-Stake (PoS) rewards, takes a bulk of the coin issuance and gives it to its treasury and active Masternodes. Energi also allocates 10% on-going reward to the leadership of the Energi Backbone, which is significantly less compared to today’s ICOs’ rewarding their founders between 20–50% of the tokens distributed. Another trait that sets Energi apart from ICOs is they give an on-going 10% allocation through each block reward, rather than rewarding the founders up-front.

2. What are the Fundamentals of Energi?

  • Scalability
1 minute block times and a 2 megabyte block size limit provide Energi with a vast transaction capacity for regular on-chain transactions. This allows for plenty of space on the blockchain for extremely fast transactions with very low fees.
Energi features a powerful on-chain scaling solution with a system of incentivized full nodes called Energi Masternodes. A Masternode is a full node backed by 1,000 NRG collateral that provides level 2 scalability to the Energi Cryptocurrency. 40% of the emissions of Energi is allocated to Masternodes, providing an extremely strong incentive to grow the number of full nodes and scalability of the network.

  • Funding
A key feature of Energi is its powerful treasury system. Energi makes up to 40% of the emissions available to the treasury, to be utilized in a manner that provides maximum benefit.
Treasury allocation is decentralized, allowing for submitted proposals from anyone, to be voted on by Masternodes and paid out from the emissions.
Energi has a 14 day treasury cycle, allowing quick payments for proposal authors and contributors, as well as strategic responsiveness to effective proposals. Energi is guided by the principle that every dollar spent from its funding model should yield more than one dollar of value in return. Thanks to a 14 day treasury cycle, the Energi team is able to measure results and respond quickly to changes in strategy.

  • Governance
The Energi Treasury is a decentralized governance model designed with Masternodes as caretakers, with voting rights on how to best utilize treasury funding.
This governance model reduces risk by allowing participation from everyone who holds 1,000 NRG as a Masternode. In this way, the Energi community can work together on how to best build the strategic direction of Energi.

  • Inflation
Energi Cryptocurrency has a simple rate of inflation at 1 million coins per month with no maximum cap. This ensures consistency in funding allocation, Masternode rewards, and PoS rewards, making the economics of the cryptocurrency more understandable for everyone who chooses to participate in Energi.
No coin supply limit ensures that Energi is prepared for the long term, avoiding “bubble” economics caused by dramatic early inflation that in most coins only serves to benefit founders ahead of increased adoption.

  • Distribution
Energi conducted a fair launch on April 14, 2018 with no ICO and no premine. Prior to launch, the Energi team gave a specific time and date for the launch of its main net, which its vibrant community eagerly awaited, so that mining could begin fairly, again avoiding centralization among the coin founders (It's important to note that Energi has transitioned from Proof-of-Work consensus to a Proof-of-Stake consensus).
Energi Masternode payments were designed to begin at block 216000, which occurred on September 18, 2018, almost 160 days after launch. This ensured time to list Energi on exchanges, and to grow the community, encouraging fair and equitable distribution before the extremely powerful Masternode rewards began. It is all too common for Masternode coins to feature a premine, which has the effect of centralizing distribution among the founders and early adopters.
From 2018 to 2020, Energi distributed nearly 4 million coins to users who contributed to spreading awareness of the project with social media activities about Energi, such as tweets, follows, and subscriptions on all major social media platforms.

  • Decentralization
Decentralized governance with Masternodes helps to ensure everyone is able to participate in Energi and help guide the project to achieve the best results. The change to the requirement to run a Masternode, from 10 000 NRG to 1 000 NRG, has allowed more people to be involved and boosted decentralization for the whole project.

  • Long Term Vision
All of the above features seamlessly work together in concert, to ensure that Energi is prepared for the long term. Rather than try to closely find a niche in the market, Energi is prepared to adapt and overcome all challenges for many years to come. Energi’s use case is that of a traditional cryptocurrency, such as Bitcoin. However, Energi’s strategy is to excel by avoiding the pitfalls of previous projects, while further utilizing and improving upon the most powerful ideas in the cryptocurrency space.

3. Coin Specs

Ticker: NRG
Block time: 1 minute.
Hashing Algorithm: Dagger-Hashimoto (similar to Ethereum).
Masternode requirements: 1,000 Energi.
Treasury cycle: Every 14 days.
Approximately 1 million Energi will be released per month. The allocations can be observed easily as “10/10/40/40.”
10% will go to the Energi Backbone.
10% to the PoS participants
40% to Masternodes.
40% to the Treasury.
Thus, for every block, allocations are: 2.28 Energi to the Backbone, 2.28 Energi to the PoS participants, 9.14 Energi to the Treasury, and 9.14 Energi to Masternodes.
Since Treasury allocations are paid in two-week cycles, they are made in lump sums of approximately 184,000 Energi every 14 days.
In order to allow for widespread distribution of Energi before Masternode payments began, Masternode rewards were delayed until day 150. This was to allow the airdrop campaign to be completed and ensure a large amount of NRG is spread out through the community. Until that point, Masternode rewards were redirected to the Treasury. Thus for the first 5 months, the Treasury gained approximately 368,000 Energi every two weeks (about 800k Energi per month). The airdrop campaign was designed to release ~4 million Energi to the community.

4. How to Get Started

  • Energi Official Website
https://www.energi.world/

  • Social Media
Bitcointalk: https://bitcointalk.org/index.php?topic=4912743
Discord: https://discordapp.com/invite/sCtgNC3
Facebook: https://www.facebook.com/energicrypto/
Github: https://github.com/energicryptocurrency
LinkedIn: https://www.linkedin.com/company/energi-core/
Medium: https://medium.com/energi
Publish 0x: https://www.publish0x.com/@energi
Reddit: https://www.reddit.com/energicryptocurrency/
Steemit: https://steemit.com/@energi
Telegram: https://t.me/energicrypto
Telegram Announcement: https://t.me/energiannouncements
Twitter: https://twitter.com/Energicrypto
YouTube: https://www.youtube.com/channel/UCCABQly0NNR2j_M_iDpy8mA/

  • Exchanges
DigiFinex: https://www.digifinex.com/trade/BTC/NRG
KuCoin - BTC: https://www.kucoin.com/trade/NRG-BTC
KuCoin - ETH: https://www.kucoin.com/trade/NRG-ETH
HitBTC - BTC: https://hitbtc.com/NRG-to-BTC
BitBNs - INR: https://bitbns.com/trade/#/nrg
Mercatox - BTC: https://mercatox.com/exchange/NRG/BTC
Mercatox - TUSD: https://mercatox.com/exchange/NRG/BTC
Bithumb - BTC: https://www.bithumb.pro/en-us/spot/trade?q=NRG-BTC
Bithumb - USDT: https://www.bithumb.pro/en-us/spot/trade?q=NRG-USDT
Citex - BTC: https://trade.citex.co.ktrade/NRG_BTC
Citex - USDT: https://trade.citex.co.ktrade/NRG_USDT
Beaxy - BTC: https://www.beaxy.com/trading-paiNRG-BTC
CoinAll - USDT: https://www.coinall.com/spot/full#product=nrg_usdt
WhiteBit - BTC: https://whitebit.com/trade/NRG_BTC
HitBTC - BTC: https://hitbtc.com/exchange/NRG-to-BTC

  • Energi Block Explorers
Gen 3 Explorer: https://explorer.energi.network/
Gen 3 Calculator: https://nexus.energi.network/reward-calculator
Gen 2 Explorer: https://explorer.gen2.energi.network/

  • Wallet Downloads
Gen 3 - MyEnergiWallet: https://docs.energi.software/en/downloads/myenergiwallet
Gen 3 - Core Node: https://docs.energi.software/en/downloads/core-node

  • Proof-of-Stake Setup Guides
https://docs.energi.software/en/staking-guide

  • Masternode Setup Guide
https://docs.energi.software/en/Masternode-guide

5. FAQs

Gen 3 Wiki: https://docs.energi.software/en/home
General: https://docs.energi.software/en/faq/general
Core Node Sync: https://docs.energi.software/en/core-node-troubleshoot
Keystore: https://docs.energi.software/en/faq/keystore
Masternode: https://docs.energi.software/en/faq/Masternode
Migration: https://docs.energi.software/en/faq/migration
Security: https://docs.energi.software/en/faq/security
Staking: https://docs.energi.software/en/faq/staking
submitted by energicrypto to energicryptocurrency [link] [comments]

Bitcoin From BitFinex's 2016 Hack, Moved to an Unknown Wallet

Bitcoin From BitFinex's 2016 Hack, Moved to an Unknown Wallet
As per #WhaleAlert, a blockchain tracker system, around $5 million worth of stolen #Bitcoin from #Bitfinex in 2016 was moved to an unknown wallet last July 24th. This event could trigger a possibility of -$40 #BTC price drop if liquidated.
Visit our website:👉https://tokenmarketcaps.com/news
Bitcoin From BitFinex's 2016 Hack, Moved to an Unknown Wallet
#Tokenmarketcaps #CryptoNews #Tokenmarketcapsnews
submitted by Tokenncoin to Tokenncoin [link] [comments]

Swipe 2020 Mid-Year Report

Swipe 2020 Mid-Year Report

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I. Brief
The first half of 2020 has shown the activeness of the Swipe team to keep its mission of enabling millions of people to access and spend crypto come to life. From mobile payment partnerships, additional trading partners, service enhancements, and up to monthly giveaways and educational posts, our team continuously strives its best to deliver quality service to the community.
As a newcomer in the industry, we have placed ourselves on the right track by starting this year with the announcement of the integration of Apple Pay on the Swipe mobile application. Since then, we’ve also added more mobile payment options on our app by partnering with Google Pay and Samsung Pay.
We started to roll out our aggressive marketing campaigns and giveaways by creating engaging content and announcing various contests that gathered a significant increase in our engagements and impressions. We also relaunched our redesigned website and added more information about our products and services.
Our journey to bring cryptocurrency to mass adoption is far from over. There will always be hurdles on the road ahead of us, but we see it as a challenge that will take us at a place full of opportunities for cryptocurrency growth and innovation.
II. Reliable solutions amidst pandemic
The world currently faces an unprecedented disruption as it currently finds solutions to fight off the COVID-19 pandemic. This pandemic not only produced serious health risks but also made a huge impact on the global economy and forced traditional financial services to adapt sudden changes to their system. This, in turn, led to a sudden shift in the usage of digital financial services that helps people make transactions easier wherever they are.
Our team believes that in times like this, we have to provide the community with solutions to mitigate the risks of being infected with the disease. In April, we announced the limit increase for our pin-less NFC tap payments, and by the end of that month, we’ve added Samsung Pay on the roster of our mobile payment partners. These small steps that we are taking day by day show that aside from being a crypto service provider, we also value the needs and safety of our clients.

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II. Strategic Partnerships with Trusted Mobile Payment
Swipe has continuously expanded its features and reach over the course of its inception. This year, we have sealed notable partnerships with mobile payment solutions such as Apple Pay, Google Pay, and Samsung Pay to increase the options of our users to buy and spend cryptocurrencies.
As a mobile crypto wallet application, available on both iOS and Android devices, we believe in finding continuous possibilities of expanding our service features. We are fully committed to bringing easier access to cryptocurrency buying and spending through our products.
III. Increasing Trading Partners and Coin Inclusion
Our native cryptocurrency, Swipe Token (SXP), has also been added to four new crypto trading exchanges, namely, Uniswap Exchange, Bithumb, DigiFinex, and BQ.Net. This move was made for crypto investors to get access and trade SXP(which as of writing has a circulating supply of 65,982,752 SXP) easily on reliable and reputable exchanges.
We are reviewing our market movements regularly and we’ve seen that some exchanges were SXP is listed showed signs of poor security, fake volumes, or extremely low liquidity. This made us decide to quickly make a delisting request on these exchanges and only retain the ones we view to be reliable. At present SXP is listed on Bilaxy, Kucoin, DigiFinex, Uniswap, Bithumb Global, BQ.Net, CoinTiger, Bittrex, Bithumb, and IDEX.
We’ve also sealed partnerships with Vision Crypto App and VCC Exchange to include SXP on their list of supported cryptocurrencies. Vision and VCC Exchange users can now start adding SXP on their portfolio and wallet and start trading SXP/BTC, respectively.
IV. Enhancing Features: Swipe Wallet App Updates
In March and April of this year, we’ve announced the integration of the $DAI stablecoin, $TRX (Tron), $ARK, and USDC on the Swipe wallet platform. This move gives our users more cryptocurrency choices in the app where they can buy and sell via their linked bank account or cards, spend it to fiat using Swipe Visa, and exchange these coins instantly with all the supported coins in the Swipe Wallet platform.
Also, as we commit to deliver a reliable, convenient, and secured mobile crypto experience to our users, last May and June we made two system updates (v1.37 and v1.4) on our application to fix some bug issues, upgrade app features and enhance the Swipe mobile interface.
V. Waiving Fees for Swipe Visa Card
We are committed to helping the crypto community, especially in these difficult times. Following the Financial Conduct Authority’s (FCA) order for Wirecard UK to cease activities, some cryptocurrency users are left in limbo as to what will happen to their crypto card related services.
This incident did not affect Swipe Visa card operations as it is not connected with Wirecard. In fact, Swipe Chief Executive Officer (CEO) Joselito Lizarondo quickly offered free Swipe Visa card orders to all those who wish to migrate from their previous cards to Swipe. At present, Swipe offers free order and shipping of its Visa card in the United Kingdom and European Union countries.
On top of these, the removal of all fiat in fees for all verified users was also announced last March 15. Verified users can top-up their Swipe Wallet account with USD, EUR, GBP, and more for free. Swipe commits itself to assist the community when needed. Though our sources may not be as big compared to our competitors, we believe in valuing and preserving the industry that brought us to where we are now.
VI. Giving Back to the Community
Part of our marketing strategy to introduce cryptocurrency and also our services is to host various giveaway programs on our social media pages. We’ve launched our #SATSBACK program where we reward our users is in the original cryptocurrency that started it all: Bitcoin (BTC).
Since January of this year, we launched five giveaway programs on Twitter and Telegram offering up to $100 in BTC to participants. Last February 12, Swipe has partnered with KuCoin and gave away $200,000 in SXP to the top bounty participants.
VII. Cryptocurrency and Fintech Literacy
Part of our company’s initiative is to educate its future and existing users of anything and everything about crypto and financial technology. Last May, we launched the “Learn with Swipe: Your Essential Guide to Cryptocurrencies and Financial Technology” blog project. These series of blog posts aim to share the team’s knowledge in crypto and fintech and encourage new and existing crypto users to continue learning their way in the industry.
VIII. Final Thoughts
We are still paving our way to the crypto industry. Over the first six months of 2020, we tried our best to deliver better cryptocurrency experience to our users. Though there are setbacks caused by the ongoing global pandemic, we are blessed to know that you still continue to support our project and goals.
The majority of us are still uncertain of what will happen in the next half of 2020. But for sure, challenges will not hinder our team to develop and provide innovations and solutions for a better crypto managing experience.

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This article is also posted at https://sw.pe/swipemidyear2020
submitted by SwipeWallet to Swipe_io [link] [comments]

AMA Recap: Heatherm Huang, Co-Founder of Measurable Data Token, discusses how Alternative Data rise midst of Covid Wave

AMA Recap: Heatherm Huang, Co-Founder of Measurable Data Token, discusses how Alternative Data rise midst of Covid Wave

https://preview.redd.it/qvvmwcnr9sa51.jpg?width=1080&format=pjpg&auto=webp&s=454c1e1655920deb772f04071e731ad13e798d1f
Guest Bio
Heatherm Huang
Huang is the Co-Founder of Measurable Data Token (MDT), a decentralized data exchange ecosystem connecting users, data providers, and data buyers and denominates the value of data.
As a Serial Entrepreneur, Huang got himself involved in the Research & Development of the world’s first ever talk-and-hold voice chat system, TalkBox, then the number one mobile chat application in China and across Southeast Asia in 2010. The hype around Talkbox had Tencent offering to acquire the mobile chat application that was turned down. Tencent then released a new version of Wechat, that holds the same talk-and-hold voice chat system that Talkbox has, now familiar to all,and it was at that time that Wechat broke the telecommunications industry. Talkbox and its competitors faded in the industry soon after.
Huang’s Talkbox venture was adapted in Chinese drama, Entrepreneurial Age, with renowned celebrities, Xuan Huang and Angelababy being the main characters.
Kiana Shek
Kiana formerly worked as Deputy General Manager of Business at Baidu. Along with her strong financial education background, Kiana holds rich experience in Big Data, AI, finance & international business development. She joined DigiFinex as Co-Founder at the end of 2017, and is committed to build a secure, convenient and transparent environment for high-quality blockchain asset transactions for users globally. She is also an active speaker at different industry conferences around the globe.

The AMA
Kiana Shek (Left) & Heatherm Huang (Right)
Kiana: Hi Heatherm, it's our honor to have you here with us today. Could you please give us an introduction of MDT?
Heatherm: Hi Kiana, my pleasure to be here today. Definitely. The MDT is a blockchain-based distributed computing platform with smart contracts securely stored in the Ethereum blockchain. It denominates the value of data in this new economy. It connects users, data providers, and data buyers and denominates the value of data. The MDT launched two products:
  1. MyMDT Data Wallet, a decentralized application (Dapp) based on Ethereum that allows users to get rewarded for sharing anonymous data points and is a user-oriented portal in the MDT ecosystem.
  2. Measurable AI, a business-oriented alternative data analysis platform that turns anonymous data into sophisticated consumer insights.
Kiana: That's such an interesting concept. I am curious to know, and I'm sure so does everyone, how did MDT come about?
Heatherm: The mission behind MDT is to solve our own problems. Back in 2016, our team started venturing into data under the guidance under the guidance of Gmail creator, Paul Buchheit. Paul mentioned that the most valuable thing about Gmail is not the service itself, but the data. Gmail data enables Google to create personalized and intelligent products for its users, and helps Google build better artificial intelligence. Our product, Measurable AI, is also built to understand the market by gathering electronic receipts from billions of online consumers, thereby increasing consumer data value. The more familiar we are with the big data industry, the better we can understand its problems. In data, privacy and traceability have always been contradictory issues. Although Google uses user data to provide better services to users, it is still resisted by users to date.
As data providers, we often try to prove that our data sources are real, and all data points come from real users of our own platforms. However, to prove this, the privacy and anonymity of real users will be compromised to some extent. On the other hand, data buyers also find it a challenge to ensure that the data products they will get are effective. In data, blockchain can solve this problem. After many years of exploration in the field of consumer products and big data, our team realized that we have to compensate consumers who have contributed valuable data.
We finally launched MDT at the end of 2017. We believe that the monetization of user data will be ubiquitous in the future, and we hope to use the results we have established to start this ecosystem.
Kiana: Thank you so much for explaining in such detail. I want to know who your target markets are and how you strategize in marketing your products across different regions of the world?
Heatherm: Southeast Asia, China, Brazil, and India will be our main target markets. They all have huge potential to expand and sustain the development of Measurable AI. At present, the main promotion channel of MyMDT data wallet is still the mainstream of users based on MailTime. Our upcoming independent app that focuses on the concept of "data cashback" will also become a major promotion channel, and its audience covers not only the cryptocurrency user group, but also the mainstream user group. Promotion services in different regions will be tailored to local market conditions. For example, the most common transaction data in the European and American markets is still credit card data, but in some emerging markets such as China, it is mobile payment data, and the consumer behavior and habits of users are also different. In different countries and regions, we will also adopt different promotion forms and modify our products to suit varying needs.
Kiana: Got it. Back to today's topic, what is MDT's alternative data that users should be concerned about? How is it related to MDT?
Heatherm: Alternative data refers to unconventional, unexpected, and unidentified potential data. Unlike traditional data sources such as public financial reports, alternative data is not well known. This is where its value lies. Measurable AI is a blockchain-driven alternative data provider at the present day.
Kiana: I believe users have a new understanding of alternative data now. Is MDT an option for both data providers and crypto asset investors? How will MDT benefit investors?
Heatherm: Alternative data providers are responsible for collecting, cleaning, analyzing and understanding data collected from non-traditional sources. For example, providers can assess the community's response to crypto assets to predict their future value and price movements. Although they are valuable, they do not fully reflect the company's operating conditions.
In today's data-driven era, investors need more than endless numbers on spreadsheets. They need insightful data to make informed decisions in the market. Certain financial markets, such as encrypted assets, do not revolve around traditional financial data sources. Cryptocurrencies like Ethereum or Bitcoin cannot be effectively analyzed through financial statements because their prices are determined by factors other than common data sources. Alternative data fills this gap. As the name suggests, alternative data refers to information obtained from non-traditional sources (such as social media and consumer trends), which helps investors have a deeper understanding of investment tools.
Kiana: The novel coronavirus (COVID-19) is rampant, has Measurable Data been affected in development? What measures have you taken to counter the challenge for the safety of the team? What contribution has MDT made to society against COVID-19?
Heatherm: Due to the pandemic, the MDT team worked at home for 3 months until May when the team returned to office. However, the great impact COVID-19 has on the global economy, the demand for alternative data has increased for hedge fund clients. In the past few months, we have served more than 10 hedge funds and seller research institutions, providing them with first-hand consumer insights for many listed companies to analyze the pandemic's impact on the revenue of these companies and the speed of recovery. A few weeks ago, I accepted an interview with Bloomberg. I mentioned that the recent pandemic and the Luckin Coffee scandal has greatly boosted the demand for alternative data because hedge funds hope to use alternative data to monitor the pandemic's impact on major companies and its recovery rate. This is the value of alternative data.
Kiana: What do Alternative Data providers do? Is MDT an Alternative Data provider and Cryptoasset investor at the same time? How does the data benefit the investor?
Heatherm: Alternative data providers are the ones responsible for collecting, cleaning, analyzing, and making sense of data collected from non-traditional sources. For example, a provider may assess how the community is reacting to a crypto asset to predict its value and price movements in the future. Though valuable, they don't give the full picture of how a company is doing.
In today's data-driven landscape, investors require more than endless numbers on spreadsheets. They need insightful data that is actionable enough for them to make informed decisions in the market.
Certain markets like crypto assets also don't revolve around traditional financial data sources. Cryptocurrencies like Ethereum or Bitcoin cannot be analyzed efficiently with financial statements since their prices are determined by factors outside of commonly used data sources.
Alternative data fill this gap. As the name suggests, alternative data is information derived from non-traditional sources — like social media and consumer trends — that help investors obtain more in-depth insights on investment vehicles.
Kiana: Wow, Alternative Data providers play such a crucial role in the economy. How does MDT ensure that data security and privacy are well protected under regulations like GDPR?
Heatherm: In an increasingly digitized world, huge quantities of "alternative data" are being generated every day which can complement or substitute for traditional financial data (such as information on loan payments, defaults and bankruptcies) and open the door to financial services for previously unserved or underserved customers.
Data protection and privacy require a new way of thinking and preparation as regulatory or institutional frameworks to protect individuals and firms either do not exist or are rapidly outpaced by technological advances.
Kiana: Makes sense. The world will only get more digitized each day. Who do you consider your competitors and why do you think you are better than them?
Heatherm: Projects that share similar ideas of compensating users for sharing rewards are DataWallet, and GXChain.
DataWallet recently pivoted to a data compliance service platform for startups. GXChian also rewards users for sharing data, however, their focus is on users' personal information for credit checking and user profiling.
MDT is focused on anonymous and aggregated consumer transactional data for industry insights' purpose, and we endeavour to never involve any personal data.
Although we both reward users for sharing data points, we share different business models and positioning on what type of data to get involved in and how users can monetize over their data.
We believe the scenarios MDT creates now is more likely to be adopted by the public.
  1. It involves only aggregated and anonymous data points for a transparent purpose
  2. It is easier for users to get started without privacy issues (on blockchain, but accessed through user-friendly dapps
  3. It benefits the data buyers financially and socially for joining an initiative of a company compensating users for data.
Watch
We had a fruitful AMA session with Heatherm Huang, and learnt on how MDT as a decentralized data exchange ecosystem enables for honest, efficient, and transparent trading in the crypto financial market. To watch the AMA Live, click: AMA | Measurable Data Token: Unveil Covid-19 Impacts with Alternative Data
Please stay tuned to our next episode of AMA Live.

Source/s: Measurable Data Token
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"I can confirm that the loss from the hack stands at 119,756btc."

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Introduction to Cryptocurrencies: USDT, the most popular stable coin

Introduction to Cryptocurrencies: USDT, the most popular stable coin
Written by the CoinEx Institution, this series of jocular and easy to understand articles will show you everything you need to know about major cryptocurrencies, making you fully prepared before jumping into crypto!
Many novices of cryptocurrencies may feel confused with the obscure difference between USDT and USD at first . Different as they are, there remain some relations. To some extent, the name USDT is like a biased belief implanted in the minds of novices.

https://preview.redd.it/nqp97earybt41.png?width=1200&format=png&auto=webp&s=84e70cc382389d21e4647b98605f3eabee06936d
USDT (Tether USD), known as Tether, is a token based on the stable value currency US dollar (USD), launched by Tether. In other words, it serves as a currency to replace the US dollar in digital currency trading platforms. (With 1USDT = 1USD, users can exchange USDT for USD at a rate of 1: 1 at any time)
USDT is not a new token It was launched for trading in 2015, and the world-renowned digital asset trading service platform CoinEx supports USDT trading pairs. There are extensive concerns about how to exchange tokens into fiat currencies after the introduction of cryptocurrency trading. USDT has provided part of the solution, and thus has been highly praised by many investors.
In the white paper “Tether: Fiat currencies on the Bitcoin blockchain”, Tether defines USDT as a digital currency pegged to fiat currencies. All Tethers are are initially issued as tokens on the BTC blockchain through the Omni Layer protocol, at a pegged exchange rate of 1:1 against the USD. After launching USDT, Tether strictly adheres to the 1:1 reserve guarantee, which means that for every issued USDT token , its bank account will have 1 USD funding guarantee.
Many people are fond of USDT precisely because of its specific characteristics. In recent years, it remains one of the most popular stablecoins, with a market share of nearly 3 billion US dollars, leaving behind such stablecoins as USDC, Gemini Dollars and JPM Coin
USDT's creator, Tether, is one of the top five digital currency companies by cash flow. They earn 3-5% profit from the $2 billion offered by the users around the world, almost without any operating costs. (This is really cool)
USDT is issued and traded through the Omni (formerly known as Mastercoin) protocol, which is a 2.0 currency based on the Bitcoin blockchain. Transaction confirmation and other parameters of USDT are consistent with those of BTC. Users can transfer USD to the bank account provided by Tether through SWIFT, or get USDT through the exchange. Of course, they can also buy USDT with BTC in the exchange. In short, it is quick and easy!
Unlike other digital currencies, USDT boasts some great features:
1.Intuitive
USDT is equal to the US dollar, with 1 USDT = 1 US dollar. Each currency = how much USDT, which is equal to how many US dollars its unit price is.
2.Stable
As Tether is backed by fiat currencies, users can still trade on the blockchain asset market without being affected by the price fluctuations of most blockchain assets.
3.Transparent
Tether's issuing company, Tether, claims that its fiat currency storage account has regular audits to ensure that each USDT in circulation is backed up by one US dollar. The storage account status is public and can be queried at any time. In addition, all Tether transaction records will be published on the public chain.
4. Low transaction fees
There is no fee for transactions between Tether accounts or between wallets where Tether is stored. Conversion from USDT to a fiat currency requires the transaction fee.
Tether has been frank about the risks of USDT in the white paperAlthough Tether is a decentralized digital currency, Tether company is not that decentralized .. As a centralized depositor of all the assets, the company also faces possibilities of bankruptcy, freezing funds and fund running; what’s more, the re-centralization may also paralyze the entire system. To put it simple: coin speculation could be risky and investors need to be cautious. Such honest companies are hard to find.
Yet in March 2019, Tether changed its terms of service: the USDT's endorsement altered to 75% USD anchorage and 25% iFinex stock-collateral loans. . In April of the same year, Tether issued an additional 640 million USDT, also pushing itself to the forefront.
So what’s on your mind after reading this article? Why not make your voices heard by trading on CoinEx, or join the official CoinEx’s telegram group at https://t.me/CoinExOfficialENG ?
About CoinEx
As a global and professional cryptocurrency exchange service provider, CoinEx was founded in December 2017 with Bitmain-led investment and has obtained a legal license in Estonia. It is a subsidiary brand of the ViaBTC Group, which owns the fifth largest BTC mining pool, which is also the largest of BCH mining, in the world.
CoinEx supports perpetual contract, spot, margin trading and other derivatives trading, and its service reaches global users in nearly 100 countries/regions with various languages available, such as Chinese, English, Korean and Russian.
Website: https://www.coinex.com/
Twitter: https://twitter.com/coinexcom
Telegram: https://t.me/CoinExOfficialENG
submitted by CoinEx_Institution to Coinex [link] [comments]

EDUCATIONAL PIECE COMING FROM #CoinExInstitution :- Introduction to Cryptocurrencies: USDT, the most popular stable coin

EDUCATIONAL PIECE COMING FROM #CoinExInstitution :- Introduction to Cryptocurrencies: USDT, the most popular stable coin

https://preview.redd.it/f7gy1slqqct41.jpg?width=725&format=pjpg&auto=webp&s=a8ef4d04c45403ed7f2d7efeb118164d3c158239
Source: https://www.twitter.com/coinexcom/status/1251046090272657409
Written by the CoinEx Institution, this series of jocular and easy to understand articles will show you everything you need to know about major cryptocurrencies, making you fully prepared before jumping into crypto!
Many novices of cryptocurrencies may feel confused with the obscure difference between USDT and USD at first . Different as they are, there remain some relations. To some extent, the name USDT is like a biased belief implanted in the minds of novices.
USDT (Tether USD), known as Tether, is a token based on the stable value currency US dollar (USD), launched by Tether. In other words, it serves as a currency to replace the US dollar in digital currency trading platforms. (With 1USDT = 1USD, users can exchange USDT for USD at a rate of 1: 1 at any time)
USDT is not a new token It was launched for trading in 2015 and the world-renowned digital asset trading service platform CoinEx supports USDT trading pairs. There are extensive concerns about how to exchange tokens into fiat currencies after the introduction of cryptocurrency trading. USDT has provided part of the solution, and thus has been highly praised by many investors.
In the white paper “Tether: Fiat currencies on the Bitcoin blockchain”, Tether defines USDT as a digital currency pegged to fiat currencies. All Tethers are are initially issued as tokens on the BTC blockchain through the Omni Layer protocol, at a pegged exchange rate of 1:1 against the USD. After launching USDT, Tether strictly adheres to the 1:1 reserve guarantee, which means that for every issued USDT token , its bank account will have 1 USD funding guarantee.
Many people are fond of USDT precisely because of its specific characteristics. In recent years, it remains one of the most popular stablecoins, with a market share of nearly 3 billion US dollars, leaving behind such stablecoins as USDC, Gemini Dollars and JPM Coin
USDT’s creator, Tether, is one of the top five digital currency companies by cash flow. They earn 3–5% profit from the $2 billion offered by the users around the world, almost without any operating costs. (This is really cool)
USDT is issued and traded through the Omni (formerly known as Mastercoin) protocol, which is a 2.0 currency based on the Bitcoin blockchain. Transaction confirmation and other parameters of USDT are consistent with those of BTC. Users can transfer USD to the bank account provided by Tether through SWIFT, or get USDT through the exchange. Of course, they can also buy USDT with BTC in the exchange. In short, it is quick and easy!
Unlike other digital currencies, USDT boasts some great features:
1.Intuitive
USDT is equal to the US dollar, with 1 USDT = 1 US dollar. Each currency = how much USDT, which is equal to how many US dollars its unit price is.
2.Stable
As Tether is backed by fiat currencies, users can still trade on the blockchain asset market without being affected by the price fluctuations of most blockchain assets.
3.Transparent
Tether’s issuing company, Tether, claims that its fiat currency storage account has regular audits to ensure that each USDT in circulation is backed up by one US dollar. The storage account status is public and can be queried at any time. In addition, all Tether transaction records will be published on the public chain.
  1. Low transaction fees
There is no fee for transactions between Tether accounts or between wallets where Tether is stored. Conversion from USDT to a fiat currency requires the transaction fee.
Tether has been frank about the risks of USDT in the white paperAlthough Tether is a decentralized digital currency, Tether company is not that decentralized .. As a centralized depositor of all the assets, the company also faces possibilities of bankruptcy, freezing funds and fund running; what’s more, the re-centralization may also paralyze the entire system. To put it simple: coin speculation could be risky and investors need to be cautious. Such honest companies are hard to find.
Yet in March 2019, Tether changed its terms of service: the USDT’s endorsement altered to 75% USD anchorage and 25% iFinex stock-collateral loans. . In April of the same year, Tether issued an additional 640 million USDT, also pushing itself to the forefront.
So what’s on your mind after reading this article? Why not make your voices heard by trading on CoinEx, or join the official CoinEx’s telegram group at https://t.me/CoinExOfficialENG ?
About CoinEx
As a global and professional cryptocurrency exchange service provider, CoinEx was founded in December 2017 with Bitmain-led investment and has obtained a legal license in Estonia. It is a subsidiary brand of the ViaBTC Group, which owns the fifth largest BTC mining pool, which is also the largest of BCH mining, in the world.
CoinEx supports perpetual contract, spot, margin trading and other derivatives trading, and its service reaches global users in nearly 100 countries/regions with various languages available, such as Chinese, English, Korean and Russian.
Website: https://www.coinex.com/
Twitter: https://twitter.com/coinexcom
Telegram: https://t.me/CoinExOfficialENG
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Swipe Bi-Weekly Update #2

Swipe Bi-Weekly Update #2

https://preview.redd.it/19fnvw5jehh41.jpg?width=1280&format=pjpg&auto=webp&s=44dd98b652ec9640dbddade1baa6b1e4e0e54698
It has been very busy for the past few weeks for the Swipe team. With the ongoing partnerships and contests organized by the team, Swipe aims to share its latest updates regularly to maintain the company’s transparency and communication to its users and the public.
https://preview.redd.it/2va3jqelehh41.jpg?width=1280&format=pjpg&auto=webp&s=89318a291021e720ae67d46c2cb25d757d33679b
Telegram Giveaway
FIFTY lucky contestants will get a chance to win $5,000 worth of Bitcoin (BTC) & $5,000 in Swipe Token (SXP) on Swipe’s Telegram bounty campaign.
To register, Telegram users must follow @SwipeWallet and retweet with #SATSBACK on Twitter, join its official Telegram community t.me/SwipeWallet, bounty the @Swipe_Chat_Bot, and follow all the instructions by the Bot. Winners will be announced on March 1, 2020.
SXP listed on DigiFinex
On Swipe’s first Bi-Weekly update, it has announced that it will be listing its SXP on DigiFinex, one of the leading cryptocurrency exchanges worldwide.
This announcement came after SXP won second place in the 11th round of Community Token listing registration of DigiFinex. DigiFinex started to list SXP and open the withdrawal and trade transactions on February 11. Deposit service opened on February 10 and to celebrate the listing it air-dropped 5,000 worth of SXP.
At present, SXP is currently listed on the trading platforms such as Bilaxy, Kucoin, Bithumb Global, Bithumb Korea, Uniswap, CoinTiger, and IDEX. On its earlier update, the Swipe team mentioned that it has requested the delisting of its coins to Livecoin, p2pb2b, and LAToken. This direction of Swipe aims to open a higher liquidity access point for users to buy SXP.
Swipe & Chainlink Relationship
Swipe recently partnered with Chainlink, a reliable decentralized oracle network provider, to enable the Swipe platform to access Chainlink’s decentralized price feed oracles, particularly their ETH-USD Price Reference Contract, and a custom-built decentralized price reference network for SXP-USD, representing Swipe’s native token.
Chainlink’s oracle solution will allow Swipe to create a stable, yet decentralized bridge between reliable off-chain prices and Swipe’s on-chain transactions. Multiple Chainlink oracles evaluate the same data point, thus eliminating one oracle being a single point of failure or absolute truth.
Additionally, Swipe will use Chainlink’s ETH-USD price feed to cross-reference against the SXP-USD price feed to allow users to spend SXP directly on Ethereum Dapps.
WinPlay x Swipe
Swipe recently launched a contest on WinPlay.App with KuCoin. From February 12 to March 4, 2020, Swipe will be giving away 7,000 worth of SXP to the top 500 participants on WinPlay.App. Take part now for a chance to win your share.
Contest Link: swipe.ws/winplayxswipe
WinPlay.App is the rebranded version of Kucoin’s KuCoinPlay. On its official announcement last February 14, KuCoin stated that it has “reached a consensus with the KuCoinPlay team that KuCoinPlay should be rebranded as WinPlay.App and from now on the platform will be operated independently. With this change, WinPlay.App will be able to serve not only the projects listed on KUCOIN but all blockchain startups.”
$78.9M worth of SXP locked in a Time-Lock Smart Contract audited by CertiK
Swipe officially locked $78,927,344 of Swipe Tokens (SXP) in a Time-Lock Smart Contract audited by CertiK, a leader in smart-contract audits and formal verifications. With this lock, Swipe has moved over the Team tokens over a time locked period of eight years.
Swipe has now deposited these tokens into a time-lock smart contract on Ethereum that has a programmatic release in accordance with the Swipe White Paper.
Swipe has also worked with Etherscan to provide a nametag for this account under “Swipe: Treasury 3” so it’s easily viewable to all users.
Swipe promises to keep its community updated and well-informed of its activities and projects. To get the latest news from Swipe, don’t forget to follow its official social media pages:
Website: https://swipe.io
Twitter: https://twitter.com/SwipeWallet
Facebook: https://facebook.com/Swipe
Instagram: https://instagram.com/Swipe
Medium: https://medium.com/Swipe
Telegram: https://t.me/SwipeWallet & https://t.me/Swipe
LinkedIn: https://www.linkedin.com/company/swipewallet
submitted by SwipeWallet to Swipe_io [link] [comments]

Swipe March 2020 Updates

Swipe March 2020 Updates

https://preview.redd.it/4pxtt27gudq41.jpg?width=1280&format=pjpg&auto=webp&s=c0717c8ecbe5e7d2b26f9181cd34ea2bcdb9345a
Swipe keeps its promise to continue its mission on bringing cryptocurrency to mass adoption. Despite the recent global events that affected most of us, Swipe’s year-long giveaway campaign plans and partnerships are still on a roll.
Free Fiat in Transactions for Swipe Wallet Verified Users
The Swipe team understands the needs of each of its users. In these challenging times, the team wishes to at least ease out the current situation by removing all fiat in fees for all verified users. Swipe verified users can now top up their Swipe Wallet account with USD, EUR, GBP, and more for free!
$DAI Now Available on Swipe
On March 21, through its social media pages, Swipe announced the launch of the DAI in the Swipe Wallet application. Swipe users can now able to buy and spend DAI directly from the application.
Dai (DAI) is a decentralized stablecoin running on Ethereum (ETH) pegged to maintain a value of $1.00 USD. According to its website, DAI’s stability is unmediated by any central party, and its solvency does not rely on any trusted counterparties. All circulating Dai are generated from Maker Vaults and are backed by a surplus of collateral assets.
Twitter Giveaway
100 lucky users will receive $100 in Bitcoin (BTC) through Swipe’s Twitter Giveaway Event. Complete mechanics are found on Swipe’s official twitter page. Winners will be announced every 48 hours!
Swipe X Bittrex Global
Swipe is now officially listed for trading at Bittrex Global. Users are now able to deposit SXP to Bittrex Global immediately and trade with SXP/BTC Pair.
Bittrex Global is one of the secured trading platforms and digital holding infrastructure worldwide. Located in Zurich, Bittrex Global provides its customers with an institutional-grade experience for businesses, and individuals, alike.
Bittrex adds to the list of reliable trading platforms that SXP is currently listed such as DigiFinex, Bilaxy, Kucoin, Bithumb Global, Bithumb Korea, Uniswap, CoinTiger, and IDEX.
Swipe Visa Cards Now Available on Google Pay
Swipe is proud to announce that the Swipe Visa Debit Cards can now be added to Swipe users’ Google Pay wallet. With this feature, Swipe users will be able to add their Visa card and pay at any point-of-sale terminal that accepts Google Pay.
With this feature, Swipe European users will be able to get full access to the Swipe Card platform. They can easily spend their cryptocurrencies with their smartphones using Google Pay wherever VISA is accepted.
Work Safely from Home
Amidst this global pandemic, Swipe is searching for a pool of talents that can help us bring our mission to bring cryptocurrency to commerce a success.
Swipe, a financial services company, has a Business Continuity Plan for its operations to continue in spite of the recent global issues. Swipe is looking for talented individuals to fill positions in our decentralized style workforce structure.
If you think you are the right person to join our team, send your résumé and cover letter telling why you’d be a great fit.
Email us at [[email protected]](mailto:[email protected])
Send Over 26 Cryptocurrencies via iMessage with Swipe
Swipe Wallet iOS users can now send cryptocurrencies directly via iMessage. This announcement of Swipe came after the recent fiat inflation happening across the world.
To use this option, Swipe Wallet users can simply go directly to their iMessage and tap on the Swipe Widget to get started.
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Stay up-to-date with all the latest news from Swipe
Website: https://swipe.io
Twitter: https://twitter.com/SwipeWallet
Facebook: https://facebook.com/Swipe
Instagram: https://instagram.com/Swipe
Medium: https://medium.com/Swipe
Telegram: https://t.me/SwipeWallet & https://t.me/Swipe
LinkedIn: https://www.linkedin.com/company/swipewallet
YouTube: https://youtube.com/SwipeWallet
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Swipe February 2020 Updates

Swipe February 2020 Updates

https://preview.redd.it/50f1lcqnbrk41.jpg?width=1280&format=pjpg&auto=webp&s=f943f682aa822b09ad43a61bbade0ad90d9d88ee
The second month of 2020 ended with exciting bounty campaigns, giveaways, and partnerships for Swipe. With a good number of participant turnouts, Swipe aims to bring more activities like these on its platform to maintain the interest and satisfaction of its subscribers.
Telegram Giveaway Winners Notified
Swipe has awarded 50 lucky contestants with $5,000 worth of Bitcoin (BTC) and Swipe Token (SXP) on Swipe’s Telegram bounty campaign. Winners were notified via the Swipe Wallet app and credited their balances. Winners will be able to withdraw or use the funds that they’ve won immediately.
SXP listed on DigiFinex
Swipe announced that its native coin SXP is officially listed on Digifinex, a leading international cryptocurrency exchange.
SXP won second place in the 11th round of Community Token listing registration of DigiFinex. The trading platform started to list SXP and open the withdrawal and trade transactions on February 11.
At present, SXP is currently listed on DigiFinex, Bilaxy, Kucoin, Bithumb Global, Bithumb Korea, Uniswap, CoinTiger, and IDEX trading platforms.
Swipe & Chainlink Relationship
Swipe announced its partnership with Chainlink, a decentralized oracle network provider, that will enable the Swipe platform to access Chainlink’s decentralized price feed oracles, particularly their ETH-USD Price Reference Contract, and a custom-built decentralized price reference network for SXP-USD, representing Swipe’s native token.
Chainlink’s oracle solution will allow Swipe to create a stable, yet decentralized bridge between reliable off-chain prices and Swipe’s on-chain transactions. Multiple Chainlink oracles evaluate the same data point, thus eliminating one oracle being a single point of failure or absolute truth.
Additionally, Swipe will use Chainlink’s ETH-USD price feed to cross-reference against the SXP-USD price feed to allow users to spend SXP directly on Ethereum Dapps.
Last Chance to Win 7,000 SXP via WinPlay.App x Swipe
From February 12 to March 4, 2020, Swipe will be giving away 7,000 worth of SXP to the top 500 participants on WinPlay.App, the rebranded version of Kucoin’s KuCoinPlay.
Take part now for a chance to win your share!
Contest Link: swipe.ws/winplayxswipe
SXP locked in a Time-Lock Smart Contract audited by CertiK
$78,927,344 of Swipe Tokens (SXP) are now officially locked in a Time-Lock Smart Contract audited by CertiK, a leader in smart-contract audits and formal verifications. With this lock, Swipe has moved over the Team tokens over a time locked period of eight years.
Swipe has now deposited these tokens into a time-lock smart contract on Ethereum that has a programmatic release in accordance with the Swipe White Paper.
Swipe has also worked with Etherscan to provide a nametag for this account under “Swipe: Treasury 3” so it’s easily viewable to all users.
----
Stay up-to-date with all the latest news from Swipe
Website: https://swipe.io
Twitter: https://twitter.com/SwipeWallet
Facebook: https://facebook.com/Swipe
Instagram: https://instagram.com/Swipe
Medium: https://medium.com/Swipe
Telegram: https://t.me/SwipeWallet & https://t.me/Swipe
LinkedIn: https://www.linkedin.com/company/swipewallet
YouTube: https://youtube.com/SwipeWallet
submitted by SwipeWallet to Swipe_io [link] [comments]

/r/Bitcoin FAQ - Newcomers please read

Welcome to the /Bitcoin Sticky FAQ

You've probably been hearing a lot about Bitcoin recently and are wondering what's the big deal? Most of your questions should be answered by the resources below but if you have additional questions feel free to ask them in the comments.
Some great introductions for new users are My first bitcoin, Bitcoin explained and ELI5 Bitcoin. Also, the following videos are a good starting point for understanding how bitcoin works and a little about its long term potential:
Also have to give mention to Lopp.net, the Princeton crypto series and James D'Angelo's Bitcoin 101 Blackboard series. Some excellent writing on Bitcoin's value proposition and future can be found at the Satoshi Nakamoto Institute. Bitcoin statistics can be found here, here and here. Developer resources can be found here, here and here. Peer-reviewed research papers can be found here. Potential upcoming protocol improvements here. Scaling resources here. The number of times Bitcoin was declared dead by the media can be found here (LOL!), and of course Satoshi Nakamoto's whitepaper that started it all! :)
Key properties of bitcoin

Where can I buy bitcoins?

Bitcoin.org, BuyBitcoinWorldwide.com and Howtobuybitcoin.io are helpful sites for beginners. You can buy or sell any amount of bitcoin and there are several easy methods to purchase bitcoin with cash, credit card or bank transfer. Some of the more popular resources are below, also, check out the bitcoinity exchange resources for a larger list of options for purchases.
Bank Transfer Credit / Debit card Cash
Gemini Bitstamp LocalBitcoins
Bitstamp Bitit Mycelium LocalTrader
BitFinex Cex.io LibertyX
Cex.io CoinMama WallofCoins
Xapo Spectrocoin BitcoinOTC
Kraken Luno BitQuick
itBit
HitBTC
Bitit
Bisq (decentralized)
Luno
Spectrocoin
Here is a listing of local ATMs. If you would like your paycheck automatically converted to bitcoin use Bitwage.
Note: Bitcoins are valued at whatever market price people are willing to pay for them in balancing act of supply vs demand. Unlike traditional markets, bitcoin markets operate 24 hours per day, 365 days per year. Preev is a useful site that that shows how much various denominations of bitcoin are worth in different currencies. Alternatively you can just Google "1 bitcoin in (your local currency)".

Securing your bitcoins

With bitcoin you can "Be your own bank" and personally secure your bitcoins OR you can use third party companies aka "Bitcoin banks" which will hold the bitcoins for you.
Android iOs Desktop
Samouari BreadWallet Electrum
Another interesting use case for physical storage/transfer is the Opendime. Opendime is a small USB stick that allows you to spend Bitcoin by physically passing it along so it's anonymous and tangible like cash.
Note: For increased security, use Two Factor Authentication (2FA) everywhere it is offered, including email!
2FA requires a second confirmation code to access your account, usually from a text message or app, making it much harder for thieves to gain access. Google Authenticator and Authy are the two most popular 2FA services, download links are below. Make sure you create backups of your 2FA codes.
Google Auth Authy
Android Android
iOS iOS

Where can I spend bitcoins?

Check out spendabit or bitcoin directory for some good options, some of the more commons ones are listed below.
Store Product
Gyft Gift cards for hundreds of retailers including Amazon, Target, Walmart, Starbucks, Whole Foods, CVS, Lowes, Home Depot, iTunes, Best Buy, Sears, Kohls, eBay, GameStop, etc.
Steam, HumbleBundle, Games Planet, itch.io, g2g and kinguin For when you need to get your game on
Microsoft Xbox games, phone apps and software
Spendabit, Overstock, The Bitcoin Directory and BazaarBay Retail shopping with millions of results
ShakePay Generate one time use Visa cards in seconds
NewEgg and Dell For all your electronics needs
Bitwa.la, Coinbills, Piixpay, Bitbill.eu, Bylls, Coins.ph, Bitrefill, LivingRoomofSatoshi, Hyphen.to, Coinsfer, More #1, #2 Bill payment
Menufy, Takeaway, Thuisbezorgd NL, Pizza For Coins Takeout delivered to your door!
Expedia, Cheapair, Lot, Destinia, BTCTrip, Abitsky, SkyTours, Fluege the Travel category on Gyft and 9flats For when you need to get away
BitHost VPS service
Cryptostorm, Mullvad, and PIA VPN services
Namecheap, Porkbun For new domain name registration
Stampnik Discounted USPS Priority, Express, First-Class mail postage
Reddit Gold Premium membership which can be gifted to others
Coinmap and AirBitz are helpful to find local businesses accepting bitcoins. A good resource for UK residents is at wheretospendbitcoins.co.uk.
There are also lots of charities which accept bitcoin donations, such as Wikipedia, United Way, ACLU and the EFF. You can find a longer list here.

Merchant Resources

There are several benefits to accepting bitcoin as a payment option if you are a merchant;
If you are interested in accepting bitcoin as a payment method, there are several options available;

Can I mine bitcoin?

Mining bitcoins can be a fun learning experience, but be aware that you will most likely operate at a loss. Newcomers are often advised to stay away from mining unless they are only interested in it as a hobby similar to folding at home. If you want to learn more about mining you can read more here. Still have mining questions? The crew at /BitcoinMining would be happy to help you out.
If you want to contribute to the bitcoin network by hosting the blockchain and propagating transactions you can run a full node using this setup guide. Bitseed is an easy option for getting set up. You can view the global node distribution here.

Earning bitcoins

Just like any other form of money, you can also earn bitcoins by being paid to do a job.
Site Description
WorkingForBitcoins, Bitwage, XBTfreelancer, Cryptogrind, Bitlancerr, Coinality, Bitgigs, /Jobs4Bitcoins, Rein Project Freelancing
OpenBazaar, Purse.io, Bitify, /Bitmarket, 21 Market Marketplaces
Streamium.io, XOtika.tv NSFW, /GirlsGoneBitcoin NSFW Video Streaming
Bitasker, BitforTip Tasks
Supload.com, SatoshiBox, JoyStream, File Army File/Image Sharing
CoinAd, A-ads, Coinzilla.io Advertising
You can also earn bitcoins by participating as a market maker on JoinMarket by allowing users to perform CoinJoin transactions with your bitcoins for a small fee (requires you to already have some bitcoins)

Bitcoin Projects

The following is a short list of ongoing projects that might be worth taking a look at if you are interested in current development in the bitcoin space.
Project Description
Lightning Network, Amiko Pay, and Strawpay Payment channels for network scaling
Blockstream, Rootstock and Drivechain Sidechains
21, Inc. Open source library for the machine payable web
ShapeShift.io Trade between bitcoins and altcoins easily
Open Transactions, Counterparty, Omni, Open Assets, Symbiont and Chain Financial asset platforms
Hivemind and Augur Prediction markets
Mediachain Decentralized media library
Tierion and Factom Records & Titles on the blockchain
BitMarkets, DropZone, Beaver and Open Bazaar Decentralized markets
Samourai and Dark Wallet - abandoned Privacy-enhancing wallets
JoinMarket CoinJoin implementation (Increase privacy and/or Earn interest on bitcoin holdings)
Coinffeine and Bisq Decentralized bitcoin exchanges
Keybase and Bitrated Identity & Reputation management
Telehash Mesh networking
JoyStream BitTorrent client with paid seeding
MORPHiS Decentralized, encrypted internet
Storj and Sia Decentralized file storage
Streamium Pay in real time for on-demand services
Abra Global P2P money transmitter network
bitSIM PIN secure hardware token between SIM & Phone
Identifi Decentralized address book w/ ratings system
BitGo Multisig bitcoin API
Bitcore Open source Bitcoin javascript library
Insight Open source blockchain API
Leet Kill your friends and take their money ;)

Bitcoin Units

One Bitcoin is quite large (hundreds of £/$/€) so people often deal in smaller units. The most common subunits are listed below:
Unit Symbol Value Info
millibitcoin mBTC 1,000 per bitcoin SI unit for milli i.e. millilitre (mL) or millimetre (mm)
microbitcoin μBTC 1,000,000 per bitcoin SI unit for micro i.e microlitre (μL) or micrometre (μm)
bit bit 1,000,000 per bitcoin Colloquial "slang" term for microbitcoin
satoshi sat 100,000,000 per bitcoin Smallest unit in bitcoin, named after the inventor
For example, assuming an arbitrary exchange rate of $10000 for one Bitcoin, a $10 meal would equal:
For more information check out the Bitcoin units wiki.
Still have questions? Feel free to ask in the comments below or stick around for our weekly Mentor Monday thread. If you decide to post a question in /Bitcoin, please use the search bar to see if it has been answered before, and remember to follow the community rules outlined on the sidebar to receive a better response. The mods are busy helping manage our community so please do not message them unless you notice problems with the functionality of the subreddit. A complete list of bitcoin related subreddits can be found here
Note: This is a community created FAQ. If you notice anything missing from the FAQ or that requires clarification you can edit it here and it will be included in the next revision pending approval.
Welcome to the Bitcoin community and the new decentralized economy!
submitted by BinaryResult to Bitcoin [link] [comments]

B(TC)itcoin is slow || My small and humble contribution

https://panzadura.github.io/B(TC)itcoin-is-slow/itcoin-is-slow/)

This is my small and (very) humble contribution: *English is not my first language so I apologize for spelling mistakes and inaccuracies.

B(TC)itcoin is slow

Bitcoin is slow because the block size was left at 1MB - 2MB with Witness Data on the SEGWIT network - after throwing the entire "team" developer of GitHub and being occupied by developers of what is now known as Blockstream.
This size has been maintained and keeps referring to two issues: Mining in China and the decentralization of the nodes or transaction validators that you point out in the article.

Mining in China occupies a good part of the pie that miners distribute - in turn these are the ones that confirm the transactions and undermine the blocks - since 2011 and these Chinese farms are behind something that in the West call "The Great Firewall "that prevents a stable connection and slows down the propagation of the block, its mining and confirmation of the transaction over 3 minutes [1] [2] causing a large part of the mining coming from China and therefore the power of 'Hash' decreased drastically affecting the security of Bitcoin; The less Hash the greater the possibility of being attacked by the Bitcoin network through a 51% attack that could cause double spending - although this gives rise to many debates since the 51% attack on an already "mature" network like Bitcoin requires a Considerable expenditure on mining equipment to control 51% of the mining power and receiving the block reward and the commissions for confirmed transfer on each block would make it less likely that said miner or mining group would like to make a double expense upon receiving sufficient economic compensation. So only a malicious agent with the intentions of destroying the network and assuming the total losses on the investment of equipment would be willing to carry out such operation. Possibilities exist but these are reduced by being the miner compensated for their activity.

In the same references to Chinese mining farms but in another more economical field; Bitcoin has 21 million that are obtained through mining and commissions on transfers. These 21 million are achieved over time and from there it becomes a deflationary element as there is no possibility of printing more coins. The question of the Bitcoin block costly and the influence of Chinese mining goes through the Bitcoin subsidy or, currently called as, block reward: When a miner puts a block in the chain he receives the Bitcoin reward that is "inside" "of that block and which is currently encrypted in 12.5. Every 210000 blocks the reward is reduced by half so in less than a year (312 days from today [3]) it will be reduced to 6.25 so the miners will see their subsidy fall in half unless Bitcoin's price per coin increases considerably or the mining farms begin to close or reduce mining equipment thus decreasing the power of the network's Hash. If Bitcoin reduces by half every 210000 blocks the subsidy per block to miners will come a time when they can only live and maintain their equipment for transaction fees and in a Bitcoin network with 7 transactions per second and a commission that tends to Increase the higher the number of movements in it makes it unfeasible for miners to continue in said 1MB network and above all that people want to use this payment method that is expensive and slow - more even than gold paper - Because remember that Bitcoin born as Peer 2 peer cash, not gold-.
Therefore, if in time the subsidy or reward is going to be 0 or unable to cover the mining equipment expense, it is necessary to find a solution if the developers do not want to touch the block size. And this goes through three issues already raised in BIPs and about the community: RPF (Replace By Fee), Lightning Network and Increase in the number of Bitcoin since the demand for Bitcoin does not rise because it offers a quality service but for security and above all for the manipulation of Tether (USDT) and the large exchange houses:

- The RBF consists in the substitution of a transaction without confirmations for another that would replace it with a higher commission eliminating the previous one of the mempool - the limbo of the transactions to be confirmed in Bitcoin -. Although this system seems effective, it does not eliminate the long-term problem of continuing to maintain the reduced block, but rather removes the problem of financing miners, but does not eliminate it and, above all, kills the operation of Bitcoin transactions by not eliminating the increase in commissions that would distance the user from its use. In addition to more easily allowing double spending [4] [5].

- Lightning Network is a side-chain or second layer, that is, a software development not implemented in the Bitcoin network itself and therefore is not an element of the block chain so this should already be repudiated since being a External and non-auditable element such as Bitcoin gives rise to "blanks" and therefore lack of existence and possibility of auditing accounts [6] and even the loss of money or cancellation of the transaction [7] [8]. It also faces the problem of routing since in a network in constant change with the openings and closures of payment channels it is unfeasible to establish a total and rapid diffusion to the nodes of LN - other than those of Bitcoin - so it comes into play Another new element of this network is the watchtowers in charge of ensuring compliance in open channels and over the entire LN network of payments. Obviously it requires an additional cost to hire this service and it is not yet implemented [9] and taking into account the pace at which Lightning Network is developed, it is doubtful that it will become available [10]. In short, to use properly - which is not successful - LN you need a node valued at $ 300 [11], a watchtower, have a channel open 24/7 and with sufficient funds to carry out transactions [12] [13] [14] .

- The increase in the Bitcoin offer was raised fleetingly by developer Peter Todd [15] [16] and will become an open debate in a few years when the mining block reward is low and the price of Bitcoin cannot be sustained only with uncontrolled printing of Tether and the manipulation on the price of the currency [17] [18] next to the collusion of the exchange houses headed by BitFinex [19] and personalities of the world 'crypto' [20] - if he survives long enough to see that moment since they are already behind Bitfinex for money laundering [21]. When that moment arrives I am sure that a BIP - Bitcoin Improvement Proposal - will be launched by Blockstream or directly notified of the measure destroying the essence of Bitcoin and the TRUE DECENTRALIZATION: THE PROTOCOL.

This brings us to the second reason for the slowness of Bitcoin. The correct and true decentralization goes through the code and the team of developers and maintainers, not any other. The protocol must be engraved in stone [22] and that the action of the miners distribute and decentralize the network and they maintain the nodes and the transactions in a completely capitalist economic relationship. Investing in machines and communication improves access, speed and spread of transactions and blocks and makes miners true competitors as well as facilitating the transmission of money and all kinds of transactions [22].
The decentralization of the nodes was the other great reason to prevent the increase of the block and therefore the speed in the transaction. It is based on a false premise to base the decentralization of Bitcoin - which is nowhere on the whitepaper - on the raspberry nodes. The dispersion of the transaction and all the stages of the transaction and the blocks depend on the miner and his team, as well as the search for excellence in communications to avoid orphan blocks - which are stipulated in the Nakamoto consensus and are part of Bitcoin and not they throw no problem in the transactions only in the resolution of the reward of the block that affects the miners and should seek greater efficiency - and reorganizations. The audit on the Bitcoin network can be perfectly performed without there being a Bitcoin node in each house, in fact it would cause the same routing problems that occur / will occur in the LN network.
Decentralization should not go through nodes but through developers and to a lesser extent by miners. If a protocol is continually being altered by developers they have the power of the network and it must be in constant struggle by the miners through the commission on transactions.

Due to these two factors, the BIP0101 proposed by the developers that Satoshi left in charge [23] and that originated the creation of Bitcoin Unlimited was rejected, later it was attacked due to its recent creation through DDoS attacks in a statement of intentions of the network Blockstream bitcoin [24] [25] remaining as a residual element.

These two reasons are the cause of the drowning suffered by the Bitcoin network - including many other elements that were eliminated and that corresponded to the initial code completely changing the nature and destiny of Bitcoin that are not relevant and I will not enumerate -, Any other reason is propaganda by those who want to keep Bitcoin drowned in order to enrich themselves with mining sub-subsidies and second-layer software like LN. Bitcoin has a structure similar to gold and can collect certain attributes of it but its destination in efficient and fast transmission as effective - among other transactions.

Bitcoin was designed to professionalize miners and create a new industry around them, so mining centers will become datacenters [26] and they will replicate all transaction logs and even this professionalization will eventually lead to specialization in other types of transactions born new industries around you that will support the nodes according to specialization - Data, asset transfers, money, property rights, etc ... -

Bitcoin scales to infinity if they leave the protocol FREE enough to do so.

P.D: Core, since the departure of Hearn and Andersen, they know perfectly well what they are doing: The worst breed from the Cyberpunk movement has been combined with the worst breed of the current synarchy; The ends always touch.

[1] https://np.reddit.com/btc/comments/3ygo96/blocksize_consensus_census/cye0bmt/
[2] https://www.youtube.com/watch?v=ivgxcEOyWNs&feature=youtu.be&t=2h36m20s
[3] https://www.bitcoinblockhalf.com/
[4] https://petertodd.org/2016/are-wallets-ready-for-rbf
[5] https://www.ccn.com/bitcoin-atm-double-spenders-police-need-help-identifying-four-criminals/
[6] https://bitcointalk.org/index.php?topic=4905430.0
[7]https://www.trustnodes.com/2018/03/26/lightning-network-user-loses-funds || https://www.trustnodes.com/2019/03/13/lightning-network-has-many-routing-problems-says-lead-dev-at-lightning-labs
[8] https://diar.co/volume-2-issue-25/
[9] https://blockonomi.com/watchtowers-bitcoin-lightning-network/
[10] https://twitter.com/starkness/status/676599570898419712
[11] https://store.casa/lightning-node/
[12] https://bitcoin.stackexchange.com/questions/81906/to-create-a-channel-on-the-lightning-network-do-you-have-to-execute-an-actual-t
[13] https://blog.muun.com/the-inbound-capacity-problem-in-the-lightning-network/
[14] https://medium.com/@octskyward/the-capacity-cliff-586d1bf7715e
[15] https://dashnews.org/peter-todd-argues-for-bitcoin-inflation-to-support-security/
[16] https://twitter.com/peterktodd/status/1092260891788103680
[17] https://medium.com/datadriveninvestotether-usd-is-used-to-manipulate-bitcoin-prices-94714e65ee31
[18] https://twitter.com/CryptoJetHammestatus/1149131155469455364
[19] https://www.bitrates.com/news/p/crypto-collusion-the-web-of-secrets-at-the-core-of-the-crypto-market
[20] https://archive.is/lk1lH
[21] https://iapps.courts.state.ny.us/nyscef/ViewDocument?docIndex=8W00ssb7x5ZOaj8HKFdbfQ==
[22] https://bitcointalk.org/index.php?topic=195.msg1611#msg1611
[23] https://github.com/bitcoin/bips/blob/mastebip-0101.mediawiki
[24] https://www.reddit.com/bitcoinxt/comments/3yewit/psa_if_youre_running_an_xt_node_in_stealth_mode/
[25] https://www.reddit.com/btc/comments/3yebzi/coinbase_down/
[26]https://bitcointalk.org/index.php?topic=532.msg6306#msg6306"
submitted by Knockout_SS to bitcoincashSV [link] [comments]

B One Payment IEO in Finexbox

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ieo #ico #crypto #cryptocurrency #blockchain #bitcoin #ethereum #btc #eth #altcoins #crypronews

submitted by totoy4741 to BountyICO [link] [comments]

The Biggest Scams In The Crypto History: Part 2

Here’s the sequel of our previous article. You wanted — you got it. Let’s roll!
OneCoin
OneCoin is a good example of a Ponzi scheme. In 2015, the Indian company One Coin Limited began to issue digital currency without a blockchain and decentralization. The old-school MLM (Multi-Level Marketing) strategy was used for the distribution of coins.
The company was selling a wide range of training packages on crypto trading, mining and successful life. There were textbooks, presentations, and other rubbish, among which were OneCoin tokens. They were supposed to allow users to get even more tokens. But the thing was that only One Coin Limited had exclusive rights to issue of coinage. So there were no other options for mining this coin.
On the international conference the founder of OneCoin, Ruja Ignatova, presents these tokens as the Bitcoin killer. See how easy it is to fool users?
Over the years, the company has spread its network globally. And only in 2017, the project gets into a number of investigations and restrictions. Owners and employees of the company more and more often could not answer questions from investors and carried on with the nonsense about “a bright crypto-future.”
Finally, regulators and banks in Italy, Germany, Hungary, Belize, Thailand and other countries have banned the trade of OneCoin and warned users not to get engaged with this company.
In early March 2019, the current OneCoin cryptocurrency leader Konstantin Ignatov, brother of Ruja Ignatova, was arrested at Los Angeles airport. He is accused of fraud and creating a financial pyramid.
According to the United States Attorney’s Office, Ignatov and his sister misled investors all over the world, and as a result, the people invested billions of dollars in a fraud scheme. They are accused of building a billion-dollar cryptocurrency company, based entirely on deception.
FBI Assistant Director-in-Charge William Sweeney, Jr. said:
“OneCoin was a cryptocurrency existing only in the minds of its creators and their co-conspirators. Unlike authentic cryptocurrencies, which maintain records of their investors’ transaction history, OneCoin had no real value. It offered investors no method of tracing their money, and it could not be used to purchase anything. In fact, the only ones who stood to benefit from its existence were its founders and co-conspirators.”
Despite all hardships, One Coin Limited continues to work. If you check out their website you will find everything there: a meaningless text about the benefits of a “revolutionary” token and other signs of a high-quality international project that deceives people.
QuadrigaCX
It’s not possible to take your savings to the grave, right? More than 100,000 clients of QuadrigaCX are ready to argue with that. So let’s try to recount the details of this strange story.
QuadrigaCX was created in 2013 and was Canada’s largest cryptocurrency exchange.
In December 2018, Gerald Cotten (founder and CEO of the QuadrigaCX) and his wife — Jennifer Robertson, were in India on their honeymoon. During this trip Cotten suddenly passed away from Crohn’s disease. After his death, it turned out that Gerald was the only one who had access to cold wallets of the exchange platform.
Changpeng Zhao (Binance CEO) comments this situation on Twitter:
“That’s sad. There are many solutions to split private keys or signing to achieve 3/5, 5/7 etc. Never neglect security. Also, never have CEO carry private keys. Bad on many levels.”
On January 25, 2019 (that is, almost two months after Cotten’s death) a special meeting was convened to appoint QuadrigaCX’s new directors. As a result, the inconsolable widow Jennifer Robertson, her stepfather Thomas Beazley and Jack Martel were elected to take charge of a company. By the way, this meeting was held by a conference call as the widow was very busy by hastily selling the property of her deceased husband. Indeed, there was something to deal with: a yacht, a plane, and several houses. Also, dearly departed managed to take care of his Chihuahuas by opening a special trust account for them in the amount of $100,000 (which is interesting, as Cotten did not show such forethought about the clients of his company).
It’s worth to mention that the clients of QuadrigaCX had problems with the exchange for a long time — mainly related to the withdrawal of funds. The first wake-up calls took place in March 2018, when press reports negatively about delays in the withdrawal of funds the total amount of which exceeded $100,000. But that’s all just moonshine compared to the fact that in June 2017 the exchange platform lost about 15 million Canadian dollars — as explained to the community, due to a bug in the smart contract. As a result, the Canadian Imperial Bank of Commerce (CIBC) froze about $22 million in QuadrigaCX accounts. This happened in November 2018, and for all users, it would have meant the end of a remarkable business but Mr. Cotten wasn’t explaining the problems to customers, wasn’t trying to solve them, and so on. He had just married and went on a honeymoon trip to pass away exactly two weeks after freezing the accounts.
As the inconsolable widow stated in her testimony:
“To the best of my knowledge, most of the businesses of these companies was being conducted by Gerry whenever and wherever he and his computer were located”.
In February 2019, the head of Coinbase — Brian Armstrong unveiled the results of an independent investigation into the QuadrigaCX. He reported on his Twitter account the following:
“Sequence of events suggests this was a mismanagement with later attempt to cover for it.” “This implies that at least few people inside Qadriga knew that they were running fractional. If so, then it’s possible that untimely death of their CEO was used as an outlet to let the company sink”.
Brian Armstrong stressed that QuadrigaCX users started complaining about problems with withdrawing money long before Gerald Cotten’s death. Thus, the company management decided to invent a story about private keys on the laptop of the CEO to hide the financial insolvency, one of the reasons for which could be inefficient management.
Nowadays, the Canadian cryptocurrency exchange QuadrigaCX is officially bankrupt. Users of the closed Quadriga are now leading legal battles in order to recover their funds. The total amount of which is about $190 million in crypto. The exact circumstances of the disappearance of user deposits remain uncertain.
Do you think the story with QuadrigaCX was Exit Scam or Mismanagement?
Bitfinex
One of the largest crypto scandals of the year broke out on April 30, 2019. The New York State Attorney General’s Office has filed serious accusations against the biggest exchange platform — Bitfinex. According to Leticia James, the exchange platform used the reserves of Tether, an affiliated company to cover up a loss of $850 million.
Questions to Tether have been in the air for a long time. In January 2018, the critics of the main stablecoin assumed that the company, in fact, produced more coins than it actually could sustain. Some critics accused the Bitfinex in fraud and manipulation of Tether’s rate and influenced through it on the price of Bitcoin.
So what’s up with the Bitfinex? Investigators of the prosecutor’s office claim that the lost money belonged to the clients and iFinex corporation. That is why, back in October 2018, Bitfinex started having problems with the withdrawal of the funds: the clients complained about long response time and a delay in receiving currency. According to the authorities, Bitfinex transferred $850 million to Crypto Capital Corp., the payment company. The Tether reserves were used to fill the gap, but this information was not disclosed to the public. According to the first data, Tether provided funding in the amount of at least $700 million for this purposes. Withdrawing this amount of currency severely shook faith in the idea that Tether tokens are indeed fully backed by dollars.
And then Bitfinex had extraordinary difficulties in satisfying the withdrawal demands from the platform since Crypto Capital refused to process withdrawals or simply could not return any funds. One of the senior Bitfinex executives opened a can of worms by writing the following:
“Please understand all this could be extremely dangerous for everybody, the entire crypto community. BTC could tank to below 1k if we don’t act quickly.”
Soon after it was known about the serious accusations against companies, Bitfinex’s users began to panic. They started buying Bitcoin and trying to get rid of their assets in USDT. As a result, BTC was trading $350+ (6.75%) more expensive than the crypto market average.
Tether and Bitfinex published a joint statement on their official blogs in response to the allegations of missing funds. The posts allege that the companies did not receive any preliminary warnings, as well as that lawsuits from the New York Prosecutor General’s Office were “riddled with false assertions”.
According to the latest information, Bitfinex is supposed to release its own token and attract $1 billion in Tether through IEO.
What do you think about these scandals and scams? Tell us your thoughts in the comments below.
Like and share this article if you find it useful. Want more interesting articles on the crypto world? Follow us on Medium, Twitter, Facebook, and Reddit to get Stealthex.io updates and the latest news about the crypto world. For all requests message us at [[email protected]](mailto:[email protected]).
submitted by Stealthex_io to BitcoinCA [link] [comments]

Ex-Intel Chief Says Venezuela Secretly Mines Crypto + 11 More News

Ex-Intel Chief Says Venezuela Secretly Mines Crypto + 11 More News
Crypto Briefs is your daily bite-sized digest of cryptocurrency and blockchain-related news – keeping you up-to-date with under the radar crypto news from around the world.
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Mining news

  • The former head of Venezuela’s Bolivarian National Intelligence Service has alleged that Venezuela is secretly mining cryptocurrency on a massive scale – to the extent that citizens are now experiencing frequent blackouts and power shortages. Per a report from media outlet Konzapata, Simón Zerpa, the former head of the intelligence agency, known locally as Sebin, the country has imported a number of USD 5,000 rigs from China under the guise of creating infrastructure for its own Petro token. In another article from the same media outlet, Zerpa also claims the crypto exchanges that accept Petro trading in Venezuela are all directly controlled by prominent figures within the government.

Trading news

  • Binance has announced that it has opened Nigerian fiat naira-to-crypto trading. Per an official announcement, the company stated that it was now offering naira pairings with Bitcoin, as well as its own new American dollar-pegged BUSD stablecoin and the Binance Coin (BNB). Meanwhile, in the United States, Binance US has also announced that it has begun listing the Dogecoin cryptocurrency.
  • Cryptocurrency exchange Bittrex says that the New York Department of Financial Services (NYDFS) has requested that Bittrex postpone the New York account closure deadline until further notice. Therefore, New York residents will be able to continue to withdraw funds, but may not deposit or trade on this platform. All trading for New York customers was halted in April 2019 and all account access was disabled in June by direction of the NYFDS.

Legal news

  • An American man is attempting to sue carrier AT&T, reports ABC. The man claims that AT&T staff allowed a hacker to access his mobile phone number, leading to the theft of over USD 1.8 million worth of cryptocurrencies from accounts at a number of cryptocurrency exchanges. The man says he was the victim of a SIM swap sting which has deprived him of his “entire life savings.”
  • Police in Poland arrested president of Crypto Capital, aka Global Trade Solutions AG, Ivan Manuel Molina Lee, on accusations of money laundering as a member of the international drug cartel. According to W Polityce, he is wanted in Poland for laundering up to 1.5 billion zloty (c. USD 390 million) and laundering money for Columbian drug cartels through a cryptocurrency exchange. Meanwhile, Crypto Capital is accused by Bitfinex of losing USD 880 million of fund the exchange entrusted it with. As reported this week, the parent company of Bitfinex, iFinex Inc., has filed an application for discovery in the U.S. District Court for the Central District of Southern California on October 18, 2019. iFinex claims that the discovery concerns its attempts to recover the aforementioned USD 880 million which the company allegedly wasn't able to access from December 2018 at least.

Regulation news

  • The Deputy Chair of Russia’s upper house Constitutional Legislation Committee says there is an “urgent need” for the country to introduce blockchain- and cryptocurrency-related legislation. Per the country’s Parliamentary Gazette, the committee’s Lyudmila Bokova says the government’s regulatory framework cannot keep up with the pace of innovation.

Adoption news

  • Russia’s Central Bank says it is considering using blockchain technology to power a system of cross-border remissions that it wants to have active by 2023, per RBC. The bank wants to speed up its digitization process, but its governor and deputy governors remain bitterly opposed to cryptocurrency usage – favoring a total, China-style crackdown.
  • Japan’s Softbank, IBM Japan and TBCASoft (of the USA) have all joined forces to create a blockchain solution for mobile carriers using inter-carrier blockchain technology. Per Fisco, via Gentoshoa, the parties want to work on a new solution that would allow Japanese phone owners to use their mobile-based payment applications at stores overseas, and enable inter-carrier transactions.
  • Though adoption is far from widespread, a rising number of Americans own crypto, according to a survey of 2,068 participants commissioned by Finder, an independent comparison platform and information service. In the last year, the survey says, the number of respondents who own a cryptocurrency has almost doubled from 7.95% in 2018 to 14.4% in 2019, which is an increase of 81% in one year. The average total in crypto that each is holding is USD 5,447, while the median amount of crypto in American digital wallets is just USD 360, claims the survey.
  • ConsenSys Space, a subsidiary of blockchain company ConsenSys, has announced the launch of a new satellite tracker based on Ethereum’s network - a project called TruSat. According to their tweet, it is "a citizen-powered, open source system for creating a globally-accessible, trusted record of satellite orbital positions." The website further explains that TruSat is primarily designed to enable the assessment of satellite operations in the context of space sustainability standards, and that the software merges observations of a satellite from around the world into a transparent record of its location.

Investment News

  • Bitcoin startup Coinplug raised KRW 7.5 billion (USD 6.4 million) in a Series B-2 round funding. According to the announcement, the investors taking part in this round were South Korea's influential venture capital firms Mirae Asset Venture Investment, Smilegate Investment and KB Investment. With this investment the company says its total funding to date is over USD 12 million.
  • SIBEX AG, developer of the peer-to-peer protocol, raised CHF 1.78 million (USD 1.79 million) in its seed funding round, with Fenbushi Capital, SIX, Accomplice and others taking part as investors, according to the press release.
submitted by CryptoHamstereu to u/CryptoHamstereu [link] [comments]

This is Elitist

This is Elitist

When the bitcoin community spent the better part of the last seven years developing a complex ecosystem, was all of the hard work so that the US government could persecute and pursue every overseas exchange that they couldn't win a fair fight with to shut down, so they could offer a centralized product by the same banks and brokers and middle men with a 25,000 limit????? Is this what you spent a decade waiting for, the institutions to give you this. This is a scam. They are elitist predatory gangster capitalist that want to own the space.

Why do you think the New York Attourney General is trying so hard to accuse Bitfinex of servicing US Clients. They are literally accusing Bitfinex of being in violation of Dodd Frank, when BitFinex literally followed Dodd Frank to the law. Why do you think they are going after Bitmex.

This isn't about protecting you, it's about enslaving you.

Support your developers. Build a full DEX/lightning ecosystem with real distributed inter operatible chains. The bitcoin community needs to boycott this type of central bank level institutional involvement and attempts to regulate the space and ban exchanges. The American banks are literally trying to bar Americans from having significant freedom in the space. They attack our payment processors, our accounts, our exchanges, they want to back door open source wallets, they are talking about massive infringement on civil liberty to subpoena Google and Twitter for your download history over taxes. And the list goes on....


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submitted by samdane7777 to Bitcoin [link] [comments]

Bitfinex Interim Update: Plans to compensate users and settling of balances/positions.

Interim Announcement August 6, 2016
Following the theft on August 2nd, the Bitfinex team has been working tirelessly towards bringing the platform back online in a secure and controlled manner. We have finalized the accounting of losses incurred and are currently coordinating strategic plans for compensating customers.
We intend to come online within 24-48 hours with limited platform functionality. Additional announcements will be made as we progressively enable more platform features and return to full operations. We appreciate that our customers and the public want this handled quickly, but it needs to be done a way in which all assets are secure and immune from vulnerabilities. Every resource is being leveraged to make that happen in a safe and optimal way.
As disclosed in earlier announcements, all withdrawals, open orders, and open funding offers have been cancelled and all financed positions have been settled. Exact settlement prices were published on August 3rd.
After much thought, analysis, and consultation, we have arrived at the conclusion that losses must be generalized across all accounts and assets. This is the closest approximation to what would happen in a liquidation context. Upon logging into the platform, customers will see that they have experienced a generalized loss percentage of 36.067%. In a later announcement we will explain in full detail the methodology used to compute these losses.
We are actively discussing various strategic options with numerous potential investors as part of our strategy to fully compensate our customers. Such discussions, however, are in early stages and will likely take time to play out. In the meantime, In place of the loss in each wallet, we are crediting a token labeled BFX to record each customer’s discrete losses. Tokens will be distributed without release or waiver. The BFX tokens will remain outstanding until redeemed in full by Bitfinex or possibly exchanged—upon the creditor’s request and Bitfinex’s acceptance—for shares of iFinex Inc. We are still sorting out many details on this; we will post further updates in the coming days.
Thank you for your continued patience and for the many generous offers of support that we have received over the last several days. Notwithstanding this attack, we continue to believe in the possibilities associated with bitcoin. We will continue to update our customers and the public as and when we can.
Edit: One thing that I need to clarify is that bitcoin deposited after the hack was discovered is not subject to the loss. I'm waiting to hear back on the cutoff point.
submitted by zanetackett to Bitcoin [link] [comments]

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