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Ultimate glossary of crypto currency terms, acronyms and abbreviations

I thought it would be really cool to have an ultimate guide for those new to crypto currencies and the terms used. I made this mostly for beginner’s and veterans alike. I’m not sure how much use you will get out of this. Stuff gets lost on Reddit quite easily so I hope this finds its way to you. Included in this list, I have included most of the terms used in crypto-communities. I have compiled this list from a multitude of sources. The list is in alphabetical order and may include some words/terms not exclusive to the crypto world but may be helpful regardless.
2FA
Two factor authentication. I highly advise that you use it.
51% Attack:
A situation where a single malicious individual or group gains control of more than half of a cryptocurrency network’s computing power. Theoretically, it could allow perpetrators to manipulate the system and spend the same coin multiple times, stop other users from completing blocks and make conflicting transactions to a chain that could harm the network.
Address (or Addy):
A unique string of numbers and letters (both upper and lower case) used to send, receive or store cryptocurrency on the network. It is also the public key in a pair of keys needed to sign a digital transaction. Addresses can be shared publicly as a text or in the form of a scannable QR code. They differ between cryptocurrencies. You can’t send Bitcoin to an Ethereum address, for example.
Altcoin (alternative coin): Any digital currency other than Bitcoin. These other currencies are alternatives to Bitcoin regarding features and functionalities (e.g. faster confirmation time, lower price, improved mining algorithm, higher total coin supply). There are hundreds of altcoins, including Ether, Ripple, Litecoin and many many others.
AIRDROP:
An event where the investors/participants are able to receive free tokens or coins into their digital wallet.
AML: Defines Anti-Money Laundering laws**.**
ARBITRAGE:
Getting risk-free profits by trading (simultaneous buying and selling of the cryptocurrency) on two different exchanges which have different prices for the same asset.
Ashdraked:
Being Ashdraked is essentially a more detailed version of being Zhoutonged. It is when you lose all of your invested capital, but you do so specifically by shorting Bitcoin. The expression “Ashdraked” comes from a story of a Romanian cryptocurrency investor who insisted upon shorting BTC, as he had done so successfully in the past. When the price of BTC rose from USD 300 to USD 500, the Romanian investor lost all of his money.
ATH (All Time High):
The highest price ever achieved by a cryptocurrency in its entire history. Alternatively, ATL is all time low
Bearish:
A tendency of prices to fall; a pessimistic expectation that the value of a coin is going to drop.
Bear trap:
A manipulation of a stock or commodity by investors.
Bitcoin:
The very first, and the highest ever valued, mass-market open source and decentralized cryptocurrency and digital payment system that runs on a worldwide peer to peer network. It operates independently of any centralized authorities
Bitconnect:
One of the biggest scams in the crypto world. it was made popular in the meme world by screaming idiot Carlos Matos, who infamously proclaimed," hey hey heeeey” and “what's a what's a what's up wasssssssssuuuuuuuuuuuuup, BitConneeeeeeeeeeeeeeeeeeeeeeeect!”. He is now in the mentally ill meme hall of fame.
Block:
A package of permanently recorded data about transactions occurring every time period (typically about 10 minutes) on the blockchain network. Once a record has been completed and verified, it goes into a blockchain and gives way to the next block. Each block also contains a complex mathematical puzzle with a unique answer, without which new blocks can’t be added to the chain.
Blockchain:
An unchangeable digital record of all transactions ever made in a particular cryptocurrency and shared across thousands of computers worldwide. It has no central authority governing it. Records, or blocks, are chained to each other using a cryptographic signature. They are stored publicly and chronologically, from the genesis block to the latest block, hence the term blockchain. Anyone can have access to the database and yet it remains incredibly difficult to hack.
Bullish:
A tendency of prices to rise; an optimistic expectation that a specific cryptocurrency will do well and its value is going to increase.
BTFD:
Buy the fucking dip. This advise was bestowed upon us by the gods themselves. It is the iron code to crypto enthusiasts.
Bull market:
A market that Cryptos are going up.
Consensus:
An agreement among blockchain participants on the validity of data. Consensus is reached when the majority of nodes on the network verify that the transaction is 100% valid.
Crypto bubble:
The instability of cryptocurrencies in terms of price value
Cryptocurrency:
A type of digital currency, secured by strong computer code (cryptography), that operates independently of any middlemen or central authoritie
Cryptography:
The art of converting sensitive data into a format unreadable for unauthorized users, which when decoded would result in a meaningful statement.
Cryptojacking:
The use of someone else’s device and profiting from its computational power to mine cryptocurrency without their knowledge and consent.
Crypto-Valhalla:
When HODLers(holders) eventually cash out they go to a place called crypto-Valhalla. The strong will be separated from the weak and the strong will then be given lambos.
DAO:
Decentralized Autonomous Organizations. It defines A blockchain technology inspired organization or corporation that exists and operates without human intervention.
Dapp (decentralized application):
An open-source application that runs and stores its data on a blockchain network (instead of a central server) to prevent a single failure point. This software is not controlled by the single body – information comes from people providing other people with data or computing power.
Decentralized:
A system with no fundamental control authority that governs the network. Instead, it is jointly managed by all users to the system.
Desktop wallet:
A wallet that stores the private keys on your computer, which allow the spending and management of your bitcoins.
DILDO:
Long red or green candles. This is a crypto signal that tells you that it is not favorable to trade at the moment. Found on candlestick charts.
Digital Signature:
An encrypted digital code attached to an electronic document to prove that the sender is who they say they are and confirm that a transaction is valid and should be accepted by the network.
Double Spending:
An attack on the blockchain where a malicious user manipulates the network by sending digital money to two different recipients at exactly the same time.
DYOR:
Means do your own research.
Encryption:
Converting data into code to protect it from unauthorized access, so that only the intended recipient(s) can decode it.
Eskrow:
the practice of having a third party act as an intermediary in a transaction. This third party holds the funds on and sends them off when the transaction is completed.
Ethereum:
Ethereum is an open source, public, blockchain-based platform that runs smart contracts and allows you to build dapps on it. Ethereum is fueled by the cryptocurrency Ether.
Exchange:
A platform (centralized or decentralized) for exchanging (trading) different forms of cryptocurrencies. These exchanges allow you to exchange cryptos for local currency. Some popular exchanges are Coinbase, Bittrex, Kraken and more.
Faucet:
A website which gives away free cryptocurrencies.
Fiat money:
Fiat currency is legal tender whose value is backed by the government that issued it, such as the US dollar or UK pound.
Fork:
A split in the blockchain, resulting in two separate branches, an original and a new alternate version of the cryptocurrency. As a single blockchain forks into two, they will both run simultaneously on different parts of the network. For example, Bitcoin Cash is a Bitcoin fork.
FOMO:
Fear of missing out.
Frictionless:
A system is frictionless when there are zero transaction costs or trading retraints.
FUD:
Fear, Uncertainty and Doubt regarding the crypto market.
Gas:
A fee paid to run transactions, dapps and smart contracts on Ethereum.
Halving:
A 50% decrease in block reward after the mining of a pre-specified number of blocks. Every 4 years, the “reward” for successfully mining a block of bitcoin is reduced by half. This is referred to as “Halving”.
Hardware wallet:
Physical wallet devices that can securely store cryptocurrency maximally. Some examples are Ledger Nano S**,** Digital Bitbox and more**.**
Hash:
The process that takes input data of varying sizes, performs an operation on it and converts it into a fixed size output. It cannot be reversed.
Hashing:
The process by which you mine bitcoin or similar cryptocurrency, by trying to solve the mathematical problem within it, using cryptographic hash functions.
HODL:
A Bitcoin enthusiast once accidentally misspelled the word HOLD and it is now part of the bitcoin legend. It can also mean hold on for dear life.
ICO (Initial Coin Offering):
A blockchain-based fundraising mechanism, or a public crowd sale of a new digital coin, used to raise capital from supporters for an early stage crypto venture. Beware of these as there have been quite a few scams in the past.
John mcAfee:
A man who will one day eat his balls on live television for falsely predicting bitcoin going to 100k. He has also become a small meme within the crypto community for his outlandish claims.
JOMO:
Joy of missing out. For those who are so depressed about missing out their sadness becomes joy.
KYC:
Know your customer(alternatively consumer).
Lambo:
This stands for Lamborghini. A small meme within the investing community where the moment someone gets rich they spend their earnings on a lambo. One day we will all have lambos in crypto-valhalla.
Ledger:
Away from Blockchain, it is a book of financial transactions and balances. In the world of crypto, the blockchain functions as a ledger. A digital currency’s ledger records all transactions which took place on a certain block chain network.
Leverage:
Trading with borrowed capital (margin) in order to increase the potential return of an investment.
Liquidity:
The availability of an asset to be bought and sold easily, without affecting its market price.
of the coins.
Margin trading:
The trading of assets or securities bought with borrowed money.
Market cap/MCAP:
A short-term for Market Capitalization. Market Capitalization refers to the market value of a particular cryptocurrency. It is computed by multiplying the Price of an individual unit of coins by the total circulating supply.
Miner:
A computer participating in any cryptocurrency network performing proof of work. This is usually done to receive block rewards.
Mining:
The act of solving a complex math equation to validate a blockchain transaction using computer processing power and specialized hardware.
Mining contract:
A method of investing in bitcoin mining hardware, allowing anyone to rent out a pre-specified amount of hashing power, for an agreed amount of time. The mining service takes care of hardware maintenance, hosting and electricity costs, making it simpler for investors.
Mining rig:
A computer specially designed for mining cryptocurrencies.
Mooning:
A situation the price of a coin rapidly increases in value. Can also be used as: “I hope bitcoin goes to the moon”
Node:
Any computing device that connects to the blockchain network.
Open source:
The practice of sharing the source code for a piece of computer software, allowing it to be distributed and altered by anyone.
OTC:
Over the counter. Trading is done directly between parties.
P2P (Peer to Peer):
A type of network connection where participants interact directly with each other rather than through a centralized third party. The system allows the exchange of resources from A to B, without having to go through a separate server.
Paper wallet:
A form of “cold storage” where the private keys are printed onto a piece of paper and stored offline. Considered as one of the safest crypto wallets, the truth is that it majors in sweeping coins from your wallets.
Pre mining:
The mining of a cryptocurrency by its developers before it is released to the public.
Proof of stake (POS):
A consensus distribution algorithm which essentially rewards you based upon the amount of the coin that you own. In other words, more investment in the coin will leads to more gain when you mine with this protocol In Proof of Stake, the resource held by the “miner” is their stake in the currency.
PROOF OF WORK (POW) :
The competition of computers competing to solve a tough crypto math problem. The first computer that does this is allowed to create new blocks and record information.” The miner is then usually rewarded via transaction fees.
Protocol:
A standardized set of rules for formatting and processing data.
Public key / private key:
A cryptographic code that allows a user to receive cryptocurrencies into an account. The public key is made available to everyone via a publicly accessible directory, and the private key remains confidential to its respective owner. Because the key pair is mathematically related, whatever is encrypted with a public key may only be decrypted by its corresponding private key.
Pump and dump:
Massive buying and selling activity of cryptocurrencies (sometimes organized and to one’s benefit) which essentially result in a phenomenon where the significant surge in the value of coin followed by a huge crash take place in a short time frame.
Recovery phrase:
A set of phrases you are given whereby you can regain or access your wallet should you lose the private key to your wallets — paper, mobile, desktop, and hardware wallet. These phrases are some random 12–24 words. A recovery Phrase can also be called as Recovery seed, Seed Key, Recovery Key, or Seed Phrase.
REKT:
Referring to the word “wrecked”. It defines a situation whereby an investor or trader who has been ruined utterly following the massive losses suffered in crypto industry.
Ripple:
An alternative payment network to Bitcoin based on similar cryptography. The ripple network uses XRP as currency and is capable of sending any asset type.
ROI:
Return on investment.
Safu:
A crypto term for safe popularized by the Bizonnaci YouTube channel after the CEO of Binance tweeted
“Funds are safe."
“the exchage I use got hacked!”“Oh no, are your funds safu?”
“My coins better be safu!”


Sats/Satoshi:
The smallest fraction of a bitcoin is called a “satoshi” or “sat”. It represents one hundred-millionth of a bitcoin and is named after Satoshi Nakamoto.
Satoshi Nakamoto:
This was the pseudonym for the mysterious creator of Bitcoin.
Scalability:
The ability of a cryptocurrency to contain the massive use of its Blockchain.
Sharding:
A scaling solution for the Blockchain. It is generally a method that allows nodes to have partial copies of the complete blockchain in order to increase overall network performance and consensus speeds.
Shitcoin:
Coin with little potential or future prospects.
Shill:
Spreading buzz by heavily promoting a particular coin in the community to create awareness.
Short position:
Selling of a specific cryptocurrency with an expectation that it will drop in value.
Silk road:
The online marketplace where drugs and other illicit items were traded for Bitcoin. This marketplace is using accessed through “TOR”, and VPNs. In October 2013, a Silk Road was shut down in by the FBI.
Smart Contract:
Certain computational benchmarks or barriers that have to be met in turn for money or data to be deposited or even be used to verify things such as land rights.
Software Wallet:
A crypto wallet that exists purely as software files on a computer. Usually, software wallets can be generated for free from a variety of sources.
Solidity:
A contract-oriented coding language for implementing smart contracts on Ethereum. Its syntax is similar to that of JavaScript.
Stable coin:
A cryptocoin with an extremely low volatility that can be used to trade against the overall market.
Staking:
Staking is the process of actively participating in transaction validation (similar to mining) on a proof-of-stake (PoS) blockchain. On these blockchains, anyone with a minimum-required balance of a specific cryptocurrency can validate transactions and earn Staking rewards.
Surge:
When a crypto currency appreciates or goes up in price.
Tank:
The opposite of mooning. When a coin tanks it can also be described as crashing.
Tendies
For traders , the chief prize is “tendies” (chicken tenders, the treat an overgrown man-child receives for being a “Good Boy”) .
Token:
A unit of value that represents a digital asset built on a blockchain system. A token is usually considered as a “coin” of a cryptocurrency, but it really has a wider functionality.
TOR: “The Onion Router” is a free web browser designed to protect users’ anonymity and resist censorship. Tor is usually used surfing the web anonymously and access sites on the “Darkweb”.
Transaction fee:
An amount of money users are charged from their transaction when sending cryptocurrencies.
Volatility:
A measure of fluctuations in the price of a financial instrument over time. High volatility in bitcoin is seen as risky since its shifting value discourages people from spending or accepting it.
Wallet:
A file that stores all your private keys and communicates with the blockchain to perform transactions. It allows you to send and receive bitcoins securely as well as view your balance and transaction history.
Whale:
An investor that holds a tremendous amount of cryptocurrency. Their extraordinary large holdings allow them to control prices and manipulate the market.
Whitepaper:

A comprehensive report or guide made to understand an issue or help decision making. It is also seen as a technical write up that most cryptocurrencies provide to take a deep look into the structure and plan of the cryptocurrency/Blockchain project. Satoshi Nakamoto was the first to release a whitepaper on Bitcoin, titled “Bitcoin: A Peer-to-Peer Electronic Cash System” in late 2008.
And with that I finally complete my odyssey. I sincerely hope that this helped you and if you are new, I welcome you to crypto. If you read all of that I hope it increased, you in knowledge.
my final definition:
Crypto-Family:
A collection of all the HODLers and crypto fanatics. A place where all people alike unite over a love for crypto.
We are all in this together as we pioneer the new world that is crypto currency. I wish you a great day and Happy HODLing.
-u/flacciduck
feel free to comment words or terms that you feel should be included or about any errors I made.
Edit1:some fixes were made and added words.
submitted by flacciduck to CryptoCurrency [link] [comments]

Debunking FUD regarding the Extended ITN

Nearly all Extended ITN FUD can be dispelled by understanding the synergy which results from having two horses in the 3rd generation blockchain race.
Haskell code has the benefit of being safer but is hardeslower to write, while Rust is faster to develop, at the cost of less formal verification.
With only one rigid approach these trade-offs inflict maximum damage, but with two complementary coordinated networks the safe vs fast trade-off is nerfed, allowing maximum value to be capured by the flexible sum of both methods.

FUD #1: "The EITN takes focus away from the Shelley mainnet"
Fact: The EITN increases focus on the Shelley mainnet. Hosk already took pains to make clear there are two seperate (yet coordinated) teams working on each project.
Taking some measure of R&D pressure from Team Haskell and giving it to Team Rust allows more focus on building out Shelley.

FUD #2: "Creating a Cardano Classic makes ADA look bad"
FACT: Yes it would, and the only possible way to prevent such a viable, competitive "Cardano Classic" fork is for IOG and the community to back a cooperative EITN, rather than allow a hostile implementation to emerge and gain traction.

FUD #3: "Making EITN tADA real coins listed on exchanges dilutes the value of real, mainnet ADA, making a mockery of the 45 billion coin emission cap"
FACT: First, see the point already make about how a united IOG/CF/community front supporting the EITN is our best chance of avoiding an actually dilutive Cardano Classic from becoming a real threat.
Second, the model here is that of Bitcoin and Litecoin. Litecoin as the silver to Bitcoin's gold provides tremendous value by allowing things like segwit, Lightning Network, and mimblewimble to be tested in an incentivized and sandboxed off-chain way.
tADA can already be traded OTC, so the way to look at the additional asset serendipitously discovered by the unexpectedly successful ITN experiment is as a spin-off company (EG, Expedia being spun off from Microsoft).

FUD #4: "Newcomers will be confused by two networks"
FACT: Newcomers will always be confused; confusion is in their nature. They wouldn't be newcomers if they weren't confused.
Two Cardano networks gives newcomers the additional opportunity to learn why the decision was made in the breach to preserve and build on the resounding success of the original ITN.
Having more things and nuance to learn about is ultimately to the benefit of newcomers, despite making the initial learning curve barrier to entry slighly steeper and taller.

FUD #5 "The EITN will create bitterness and division"
FACT: Welcome to crypto! Bitcoin has been running on drama, ritual combat, and tribal warfare for 10 years and is stronger than ever. If you are too delicate for intellectual and scholastic battles, please get out of the kitchen before succumbing to heat stroke.
Some arguments are educational while others produce more friction than enlightenment. Spreading FUD about the EITN is an example of the latter, but all conflict helps built anti-fragility so let's welcome it as an opportunity for teachable moments.

FUD #6 "We have to stick to The Plan or else lose credibility"
FACT: The Plan has always been to change The Plan as facts on the ground change and empirical data are derived from actual experience.
Sticking stubbornly to a particular static Plan no matter what, by disregarding the emergent phenomenon of the ITN's greatness, would destroy the flexibility, and thus credibility, of the project.

tldr; keep those Jormungandr pools running fam because we're taking tADA to a whole 'nother level
submitted by Jahtoshi_Rastamoto to cardano [link] [comments]

Atari Token info-

Atari Token info-
Atari has been working on this behind the scenes for years in preparation.
Atari is now in the initial stages of release of the Atari Token project to tie in with the release of their upcoming new Atari VCS game console.
This will allow integration into games for ownership and transfer of digital assets with the ability to create or earn property in virtual worlds, cross platforms, through blockchain as well as E-sports, gambling, shopping, music and more.

Click this link to watch the Youtube video
CEO of Atari Talks Plans To Integrate Blockchain Into Atari's Games & The Launch of Atari Token
If you click the video here, it has no sound for some reason.

https://reddit.com/link/ghppnvideo/g8vaqa3mi9b51/player

As Fred spoke about, people in many countries will be able to start 'working' online in virtual worlds and games to then take that created wealth back out to the real world to pay bills, rent, food. For many poor countries this will literally be a game changer.

Atari Token <-- main page to sign up (free)

Atari Token: Agreement with Bitcoin.com Exchange
Atari Token will have it's IEO in November

https://atarichain.com/documents/atari-strategy.pdf
The strategy page talks about the Atari Payment network, the Atari Wallet, the Atari Exchange, the Atari Credit card.

https://atarichain.com/documents/atari-tokenomics.pdf

Atari Token Telegram project chat room

Atari takes over Sports Betting <-- Coming soon!!!

Atari Partners with Ultra to Add Games, Communities, and Services to its Atari VCS Home Entertainment System

Atari Partners with WAX For NFTs, Joins Board Alongside Shatner and Marvel <--Article

Atari® Teams Up with Unikrn to Deliver Enhanced Shopping, Betting, and Gaming Functionality to Atari Token


Atari VCS <-- Will use the Atari Token, new Atari open video game console / pc hybrid
https://shop.atarivcs.com/
https://shop.atarivcs.com/pc-mode
https://shop.atarivcs.com/classic-joystick
https://shop.atarivcs.com/hardware-specifications/
https://shop.atarivcs.com/develope
https://shop.atarivcs.com/media-contact/
https://shop.atarivcs.com/support/
Runs linux, can run windows, AMD Ryzen R1606G chip, can upgrade the RAM & SSD, wi-fi, bluetooth, can use a keyboard, mouse and more.


Atari announces the Atari Credit Card - using Cryptocurrency

Ties in with their payment system and token.
https://atarichain.com/documents/atari-strategy.pdf
From page 8-
Atari Credit Card- One of the most interesting features of the Atari Omni Wallet is the ability to make payments with crypto-currencies through the Atari Credit Card. In this way, you can use crypto-currencies with parties that generally only accept fiat currencies

On June 3rd, 2020, Atari Inc., and LightForms.cc Group LLc., signed into a strategic partnership agreement with each other.This opens up the entire Atari eco-system to LightForms and LightForge technology for use in Atari mobile applications and the new Atari VCS console. Reference- https://lightforms.cc/

Atari partners with Litecoin Foundation <-- Article.
Allows the Atari Token to be purchased with LTC. Prior to this, it had to use BTC or ETH. Soon will use ERP, fiat currency from several countries and more. LTC users can purchase an Atari VCS for a discount.

Atari partners with Innovative PC Video Game Marketplace Robot Cache to Support the Buying and Reselling of Digital Games Using Atari Token

The Sandbox Game <-- Will feature Atari properties and games using the Atari Token. One of the key features of our gaming platform is the possibility to create an ASSET from scratch (using VoxEdit), upload it to the marketplace and then monetize it into the blockchain.

Great article explaining -> What is The Sandbox Game?

Expansion of the Animoca partnership and Atari Token / Blockchain / VCS use cases- globally!

Animoca Brands and Atari strengthen partnership via REVV and ATRI Token Swaps
In addition to the existing areas of collaboration between the two companies, Atari’s classic motorsport video game properties Night Driver and Fatal Run will be included in Animoca Brands’ REVV ecosystem, with details to be provided at a later date.

Atari Teams Up with Native Gaming to Integrate Upcoming Atari Token in Native’s New MMORPG <- Article

Atari partners w/ Arkane Network to integrate the Atari Token across the digital entertainment ecosystem <-- Article
Allows developers to easily integrate the token into games and projects.

Atari and Wonder join forces on cross-platform gaming <-Article
WonderOS technology was designed to unify mobile, console, and PC gaming experiences, offering an ecosystem that gives access to multi-platform games, entertainment apps, and streaming services — locally or through the cloud.

https://play.google.com/store/apps/details?id=com.atari.atarimobile
https://play.google.com/store/apps/details?id=com.atari.crypto.wallet

The Atari Token can be staked- 3 month for 3%, 6 month for 6.5% or converted to the Atari Coin which is a Stable Coin.

And don't forget to keep an eye on the Atari Hotels project
https://www.youtube.com/watch?v=6abdMIqhkwo
Atari Hotels has so far sponsored three race vehicles- a desert race truck, a Nascar truck, and a Ferrari race car.

Atari's U.S. OTC stock ticker is- PONGF

The Atari Exchange

Atari Casino <-- coming soon

And again the Atari Token sign up page (free)

submitted by PowerDubs to AtariChain [link] [comments]

Round up of Cryptocurrency News #3 Week 20/07 - 26/07

Pssst! Hey you. Scroll down for commentary!
Important/Notable/Highlights:
Special Mentions:
You haven't had enough news? Here is some more:
Speculation:
You made it! :)
First up, SORRY! This has been a late post, I have my reasons don't question them (if you must know I'll be posting in the discord - one time only haha). Secondly, I am sure you can agree with me when I say "Wow!" What an incredible week it has been. Last week I thought it was going to take a couple more weeks for more moving price action when it had only taken a few days which has seen Bitcoin reach and pass the $10,000 region. We have also seen the total Market cap for cryptocurrencies increase from about 280B to over 300B (308B at time of writing) within just a few days. A huge injection of liquidity, about 40B, into the market and just to name a few of the best rises in the top 20 (on Coinmarketcap.com), the price of ETH BTC ADA have given good performances/positive responses (With this I will start adding screenshots at the end of each week for timestamp purposes).
This may be a combination from Binance, Mastercard, Paypal, Grayscale investments, VISA AND the DEFI sector. Let me explain... Last week we read about Binance integrating with the company Swipe (SXP) to issue there own debit card expanding the use and reach of cryptocurrency to 31 countries within Europe. Binance's Q2 scheduled token burn of $60.5 Million, this figure correlates with its exchange, margin and futures trading platforms where approximately 20% of profits get burned to increase the price of BNB token (careful as the price has been steady after the burn).
This week we find out Mastercard's expansion into the Cryptosphere as they expand and integrate with the Wirex team to issue a Mastercard-backed Bitcoin debit card, thus further extending the reach of cryptocurrency availability internationally.
"The cryptocurrency market continues to mature and Mastercard is driving it forward, creating safe and secure experiences for consumers and businesses in today’s digital economy " "...Our work with Wirex and the wider crypto ecosystem is accelerating innovation and empowering consumers with more choice in the way they pay"
Mastercard is also reaching out to other emerging cryptocurrency firms to apply to become principal members [Partners] with Mastercard as they have relaxed their digital assets program and look to expand into the Digital Assets and Blockchain environment.
Paypals expression of interest in cryptocurrency facilitiation may bear fruits as it is said Paypal has partnered up with stablecoin operator Paxos (who is already in partnership with Revolut in the US) to facilitate trading through a cryptocurrency brokerage which will enable other firms to integrate cryptocurrency trading functionalities with them. In my opinion this looks much more promising than the Libra association they pulled out from last October as regulations.
Grayscale Investments clears regulatory hurdle as they have been given the green light for its Bitcoin Cash Trust (BCHG) and Litecoin Trust (LTCN) to be quoted in over-the-counter (OTC) markets by US Financial Industry Regulatory Authority (FINRA).
“The Trusts are open-ended trusts sponsored by Grayscale and are intended to enable exposure to the price movement of the Trusts’ underlying assets through a traditional investment vehicle, avoiding the challenges of buying, storing, and safekeeping digital Bitcoin Cash or Litecoin directly.”
More green lights for Cryptocurrency in the US as regulators allow banks to provide cryptocurrency custody services (which may go further than just custody services). A little bit strange as it seems unnecessary and undermines one of the key factors and uses of cryptocurrency which is to be in complete control of your own finances... On another outlook this may be bullish as it allows US banks to provide banking services directly to lawful cryptocurrency businesses and show support for Bitcoin.
Visa shows support stating they have a roadmap for their further expansion into the Crypto sphere. Already working with Crypto platform Coinbase and Fold they have stated they recognise the role of digital assets in the future of money. To be frank, it appears to be focused on stable coins, cost effectiveness and transaction speeds. However they are expanding their support for crypto assets.
AND MOST IMPORTANTLY, DeFI! Our very own growing section in crypto. Just like the 2017 ICO boom we are seeing exorbitant growth and FOMO into the Decentralised Finance sector (WBTC, Stablecoins, Yield farming, DEXs etc). The amount of active addresses on Ethereum has doubled but with the FOMO on their network have sky rocketed their fees! Large use-cases of stable coins such as USDT ($6B in circulation using ERC-20 standard), DAI, TUSD, and PAX. $114M Wrapped Bitcoin (WBTC) on their network acts as a fluid side chain for Bitcoin and DEX trade volume has touched $1.6B this month. With all this action happening on Ethereum I saw the 24HR volume surpass BTC briefly on Worldcoinindex.com
In other news, Bitcoin has been set as a new precedent in a US federal court in a case against Larry Dean Harmon, the operator of an underground trading platform Helix. Bitcoin has now legally been ruled as a form of money.
“After examination of the relevant statutes, case law, and other sources, the Court concludes that bitcoin is money under the MTA and that Helix, as described in the indictment, was an `unlicensed money transmitting business´ under applicable federal law.”
Quick news in China/Asia as floods threaten miners and the most dominant ASIC Bitcoin mining rig manufacturer Bitmain loses 10,000 Antminers worth millions alledgedly goes missing or "illegally transfered" with ongoing leadership dispute between cofounders.
Last but not least, Cardano (ADA) upgrade Shelley is ready to launch! Hardfork is initiated as final countdown clock is switched on. At time of writing the point of no return has been reached, stress tests done and confirmation Hardfork is coming 29/07 The Shelley Mainnet upgrade is a step toward fast, capable and decentralised crypto that can serve billions of people. With the Shelley Mainnet is ADA staking rewards and pools! Here is a chance for us Gravychainers to set up a small pool of our own. Small percentage of profits going into the development of the community, and you keep the rest!
If you read all of my ramblings thanks heaps! I appreciate it! I have added an extra piece of reading called speculation. Most you can speculate on by just reading the headline some others have more depth to them.
Another post next week for a weekly round up! Where do you think the market is going? What is in your portfolio? Let us know in the Gravychain Discord Channel
See you soon!
🍕 Bring some virtual pizza to share 🍕
Come have a chat, stimulate a discussion, ask a question or share some knowledge. We are all friendly crypto enthusiasts up for a chat, supportive and want to help each other with knowledge and investments!
Big thanks to our Telegram and My Crypto HQ for the constant news updates!
P.S.
Dr Seuss collectables on the blockchain HECK YEAH! and Bitcoin enters NASCAR, remember when Doge did this? it was like when Doge was trending on TikTok.
... Oh yeah did I also mention Steve Wozniak is suing Youtube, Google over rampant Bitcoin scams. Wait, what? Sydney based law firm JPB Liberty is suing Google, Facebook and Twitter for up to $300B. Just another day in the Cryptosphere.
submitted by IOTAbesomewhere to Gravychain [link] [comments]

The NeuronEx launch at 15th of July!

The NeuronEx launch at 15th of July!
NeuronEx Exchange is your quick and easy start to the world of digital and fiat currency. Our P2P exchange was created to give access to cheap, instant transfers from anywhere in the world. And we are already doing this successfully: -)
The advantages of the NeuronEx Exchange are:
🔹- the first month with 0% fees;
🔹- 50% commission decrease when paying with NRON forever;
🔹- escrow guarantees safe transactions with NeuronEx;
🔹- direct transfer between the buyer and the seller;
🔹- the best exchange rate from thousands of sellers;
🔹- OTC market opening soon :)
The following cryptocurrencies will be available on NeuronEx starting from July 15th:
🔹- Neuron;🔹- Bitcoin;🔹- Ethereum;🔹- Litecoin;🔹- Ripple;🔹- Emercoin;🔹- Dash;🔹- Dogecoin.
Coming soon: EOS, Bitcoin cash, Bitcoin SV, Tether (EURT, USD, CNHT, XAUT).
How to start?
🔹- Register by entering your e-mail;
🔹- Activate two-factor identification;
🔹- Fill in the data in the corresponding lines;
🔹- Create your first deal.
Yes, absolutely nothing complicated — just a few clicks and you are a member of the Exchange! You can buy, sell and exchange currency, invite referral friends and earn money!
Join NeuronChain on the 15th of July! Just in 2 days! 🎉
And don’t forget about the Neuron Wallet launch at the middle of August 2020! The Neuron Wallet is a multi-currency system with which customers can make deposits, exchange and complete transactions with cryptocurrencies and fiat funds.
Choose a crypto. Close a deal. Get fiat!
https://preview.redd.it/9p2y4jqd1pa51.jpg?width=1200&format=pjpg&auto=webp&s=6fa302320ab451ebb80b3a5f05fae832d48adf5f
#Finance #cryptocurrency #blockchain #bitcoin #CryptoNeuroNews #NeuronInteresting #crypto #NeuronChain
submitted by neuronchain to NeuronChain [link] [comments]

Relictum Pro Decentralized Exchange

Relictum Pro Decentralized Exchange
Greetings! 👋🏻 In this post, we will tell you about our decentralized exchange.
At some point, the user will want to withdraw money or exchange one crypto for another. There are several ways to exchange cryptocurrencies, but each of them has its drawbacks.
📌 Public exchangers offer the services of buying cryptocurrency or fiat money right at the offices. However, the client is in no way protected. When working with private crypto exchangers, people, as a rule, do not know who they are dealing with. Therefore, there is a high probability of being left without money and without cryptocurrency. Commissions are high.
📌 Centralized cryptocurrency exchanges are popular and focus on a large number of cryptocurrencies. But there is a downside - increased attention from hackers and the vulnerability of assets. Exchanges periodically crack and steal millions of dollars of cryptocurrency. Such incidents even affect the course of bitcoin. In addition, cryptocurrency exchanges fail even without the intervention of hackers - for example, during active trading.
📌 OTC providers. Not available to everyone. Brokers, as a rule, undertake transactions worth at least $ 50 thousand. Unsafe With over-the-counter transactions, all information is in the hands of one person or organization. With information about the sellers of large volumes of fiat or cryptocurrency, attackers can contact them and appear to be intermediaries, and then disappear when receiving funds.
🏆 Relictum Pro Decentralized Exchange
Own decentralized exchange that allows to exchange cryptocurrencies, Bitcoin, Ether and Litecoin, as well as its own Token Sale platform.
Relictum Pro exchange advantages:
🔹 Exchange rate — Quick Share Feature
🔹 Currency pairs — More than 500 currency pairs
🔹 Protection — Decentralized contracts, you have all the money
🔹 Reliability — Redundancy and protection against DDOS
🔹 Innovation — Own blockchain and own algorithms
Join Relictum Pro to exchange cryptocurrencies quickly and securely! ⏱ 🛡
Read more about our exchange here: https://relictum.pro
https://preview.redd.it/9l5oydv6tyy41.png?width=1200&format=png&auto=webp&s=19b4edaff2e6588a2a6952e62a21e8c78d84351c
submitted by RelictumPro_official to relictumpro [link] [comments]

Building Ergo: Atomic Swaps

Because a blockchain is a siloed, self-contained system by design, interacting with other blockchain protocols is challenging. Atomic Swaps enable cross-chain exchange of digital assets, avoiding the need for centralised exchanges.
Blockchains are excellent at decentralised value transfer within their own domains. That is, you can send BTC to any Bitcoin address securely and easily, and you can send LTC to any Litecoin address securely and easily too.
But because blockchains are based on consensus between miners, they are not designed to interface with other blockchains. Trading assets on different blockchains has therefore traditionally involved third parties like exchanges and OTC desks – with all the risks and inefficiencies they bring.
Cross-chain swaps
Atomic swaps solve this problem by enabling cryptocurrencies to be traded across blockchains. This allows trustless exchange of assets, quickly and efficiently. Here’s how they work in theory:
They are called ‘atomic’ swaps because the orders are either executed in their entirety, or not at all – a kind of fill-or-kill order. But while that’s useful up to a point, it doesn’t allow for active trading, like you would be able to do on an exchange.
Ergo’s implementation of atomic swaps develops the concept further. It’s relatively easy to swap coins or custom tokens trustlessly across any Bitcoin-like blockchains. But beyond that, Ergo allows partial swaps. Just like on a regular exchange, orders can be partially filled, if that’s what the trader wants.
This means it’s possible to build a fully-fledged decentralised exchange (DEX) that enables cross-chain trading: a totally trustless version of existing crypto exchanges. There’s no need for any gateways, token wrapping or other potential bottlenecks or points of failure.
You can find out more about Ergo’s implementation of atomic swaps and intra-chain and cross-chain token swaps in the ErgoScript white paper.
Share post:
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Ergoplatform.org
submitted by kushti to ergoplatformorg [link] [comments]

ETX public chain has entered a high-speed development and it will be listed on 5 new exchanges simultaneously, that shows great potential!

ETX public chain has entered a high-speed development and it will be listed on 5 new exchanges simultaneously, that shows great potential!
In a long time, there has been a rule in the cryptocurrency market: only virtual currency with security and high efficiency will be chased by players. Looking back at Bitcoin, Litecoin, Ethereum and many other old-fashioned currencies, we can easily find that they all have their own advantages, but no matter how many their own characteristics are, they will inevitably have the transaction security performance brought by the underlying technology. And a smoother trading experience brought about by technical optimization.
As a brand-new cryptocurrency, the ETX (EthereumX · NET) public chain has attracted the attention of many players at the beginning of the mainnet launch, and the community has been active. Among them, in addition to the recognition of some old players, there are also many new players. Admission. No matter from the technical level, or from the perspective of community activity, the ETX (EthereumX.NET) public chain is a digital currency worth looking forward to and paying attention to.

https://preview.redd.it/8btd472tzmy41.png?width=624&format=png&auto=webp&s=214f7141f0dfe344a2650869492d7b49faf47bfc
The ETX (EthereumX · NET) public chain system is aimed at industrial pain points. Based on the blockchain public chain technology, it provides innovative solutions for enterprises and application developers. It can build and develop system applications to serve the real economy. It is consistent with national policies in terms of combining industry, talent training, system open source, and industrial blockchain incubation accelerators, etc., so that related teams can use public chain systems more conveniently and at lower cost, and can freely choose modular application software platforms. ETX (EthereumX · NET) public chain is committed to building a public chain ecology, supporting the industry's on-chain needs through talents, funds, and communities.
According to the latest news from the ETX (EthereumX · NET) community team, the ETX (EthereumX · NET) public chain will be listed on 5 exchanges on May 9, 2020. This is the second time that ETX (EthereumX.NET) public chain will be listed on VinDAX. The next big move, this also means that ETX (EthereumX.NET) public chain has entered a period of rapid development. At the same time, the exchanges on the ETX (EthereumX · NET) public chain are some highly authoritative exchanges that are worthy of everyone's trust.

https://preview.redd.it/f7mjn0yuzmy41.png?width=624&format=png&auto=webp&s=832bf220e75bcc69e922343708cb93ea7a948f5a
ETX will be listed on these 5 exchanges this time: FUBT exchange, QBTC exchange, EXX exchange, BiBull exchange and ZT exchange. The following is a brief introduction for everyone about these five exchanges.
FUBT Exchange: Hong Kong FUBT International Station, dedicated to creating the world's leading international one-stop trading service for blockchain assets. FUBT always advocates rational investment, adheres to forward-looking layout, international expansion, and market-oriented operation, takes the exploration and promotion of the value of high-quality digital assets as the guide, and strengthens the integration of technology, capital, and industry to promote the transformation of blockchain technology applications. Closely relying on professional technical operation and international financial advisory team, in-depth service to global digital asset developers and users, and comprehensively build a new industrial system with integrity and fairness, compliance and efficiency, and advancing with the times.
QBTC Exchange: QBTC is the Q network we often say. QBTC provides a variety of digital currency trading services such as Bitcoin, Ethereum, Litecoin, etc., and is a safe and reliable international station for digital currencies. QBTC uses multiple security protection technologies to create a financial-grade international station, providing digital currency enthusiasts with safe, high-quality, and fast transaction channels.
EXX Exchange: EXX is a world-renowned international platform for blockchain assets, providing blockchain asset trading services to global users, covering digital asset spot and derivatives trading and other fields. The EXX platform has been awarded by Korean investment agency S & H Global Co. Ltd. (referred to as SHG) wholly-owned acquisition.
BiBull Exchange: BiBull is a trading platform. Headquartered in Malaysia. The core members of BiBull come from experts in financial industries in different countries and fields such as Malaysia, Singapore and the United Kingdom. "Extreme service" is the value concept of BiBull. It provides in-depth services for the project party and accompanies the project party to thrive; it provides users with services of top assets, allowing users to easily select top assets in BiBull.
ZT Exchange: a platform that provides the highest quality digital asset trading services for users worldwide; it provides the safest and most reliable high-quality digital asset trading and derivatives services for millions of users in more than 150 countries and regions around the world. ZT Exchange has more than 100 security and bank-level risk control measures, a matching efficiency of 130,000 per second, convenient and fast OTC service, and it can provide you with a five-star trading experience in seconds. Taking "Users as the core, making transactions more convenient" as its mission, adhering to the service concept of "Users First", it is committed to providing safe, professional, honest and high-quality digital asset financial services to users worldwide.
Note: The above exchanges are ranked in no particular order.

https://preview.redd.it/3tyzitcyzmy41.png?width=623&format=png&auto=webp&s=82619320a4d80c77fed003ed1bdd15d39df42968
The five exchanges that ETX (EthereumX · NET) public chain negotiated for launch this time are very powerful, both in terms of strength and from the perspective of the user group. Through this cooperation, it is expected that both parties can get further development.
If we stayed in place or moved like a snail when the huge waves swept in,, we will be greeted with only broken bones. The market changes rapidly, and the only way to save ourselves is capture the opportunity. (The market is risky, investment needs to be cautious, please do as your capability permits.)
submitted by BitRay2077 to u/BitRay2077 [link] [comments]

HUOBI EXCHANGE REVIEW

ABOUT HUOBI :
Huobi is a cryptocurrency exchange founded in China in 2013. Currently, Huobi is based in Singapore because this country has friendlier cryptocurrency regulations. The company is registered in Seychelles. Before leaving China due to a cryptocurrency ban, the exchange was responsible for 90% of Bitcoin trading volume in this country. Now Huobi is an international platform with offices located in Singapore, Hong Kong, the United States, Japan, and Korea. In China, the company provides blockchain consulting services. Huobi has sub-exchanges: Huobi Korea, Huobi US, etc. Huobi Global is the biggest Huobi exchange. In November 2019 Huobi Global had to shut down all the accounts belonging to the US customers due to strict cryptocurrency regulations of the USA. This exchange is one of the top 50 cryptocurrency exchanges by trade volume. On the Coingecko chart of exchanges, Huobi Global occupies the third position. The exchange has more than 500 markets and supports over 220 cryptocurrencies. As Huobi provides an option to buy cryptocurrency with fiat money, this exchange is a gateway for people who enter the cryptocurrency world .

FEATURES :
Huobi Global has a really wide range of functions. First off, this exchange provides an opportunity to buy cryptocurrencies with fiat money using a credit card and other payment means. This option is delivered in the over-the-counter trading section (OTC). There is a menu line in the upper part of the website. It begins with "But Crypto". That's where one can see the OTC offerings provided by Huobi. One can buy or sell the following currencies: Bitcoin (BTC), Ether (ETH), Tether (USDT), EOS, XRP, Litecoin (LTC), Huobi Token (HT), Huobi stablecoin (HUSD), and Bitcoin Cash (BCH). Please note, that there are not so many offerings especially for certain currencies. Normally there are many options for buying BTC or USDT. The prices and payment methods vary from one trader to another. You can pay with a credit card, some traders accept payments via Western Union, AliPay, and other services.
There is a cryptocurrency exchange with hundreds of crypto-to-crypto pairs. The exchange supports market, limit and stop-limit orders. It gives traders some control over the situation and helps to secure the assets from trading in loss to some extent. In general, the exchange interface of Huobi is quite generic.
Those who have experience of trading on several other exchanges will find the interface familiar. It has a trading view with a candlestick chart on the left and the list of orders updating in real-time on the right. Under the charts, there is an order history. Under the list of market trades, there is a section where users can place orders. The candlestick chart is powered with numerous analysis tools and indicators.
What makes Huobi Global more attractive for traders is the support of margin trading. In all margin trading pairs the currencies are traded against Tether (USDT). There are 6 cryptocurrencies that can be traded with x3 leverage: Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC), XRP, Ether (ETH), and EOS.
Huobi Global is aimed to provide service both to small investors and institutional traders. That's the reason why the platform offers institutional accounts with special opportunities for corporate customers. Among these features, there are colocation options and other tools that provide the opportunity of seamless high-frequency trading. Additionally, institutional accounts can get special OTC loans.
One more feature is trading derivatives. Huobi provides two separate interfaces for that purpose: Swap trading and Futures trading platforms on Huobi DM. Moreover, it is possible to participate in IEO trading via the Huobi exchange. This feature requires the use of the Huobi Token.

ASSETS AND INSTRUMENTS:
As mentioned, there are two types of instruments that you can trade on the Huobi derivatives platform. These are your traditional futures as well as the perpetual swaps or futures.
With these instruments, you are trading crypto on margin. This means that they are leveraged and your exposure is often many multiples of the amount that you have put down as collateral.
Now that we have a brief understanding of leverage, let’s take a look at the instruments on offer at the Huobi exchange.
Futures are instruments that allow the holder to buy or sell some asset in the future. Essentially, you are trading some future price of the instrument on the chose delivery date. In terms of expiry dates, they have weekly, bi-weekly and Quarterly which settle every Friday. In terms of expiry dates, they have weekly, bi-weekly and Quarterly which settle every Friday. When it comes to the specifics of the contract, they differ according to which asset is being traded. You should also take a look into the contract specifics in the Huobi docs. This includes such information as the index reference for the prices as well as your last trading price. The latter can only be done up till 10 minutes before the expiry.
Perpetual swaps are leveraged instruments that do not have have a delivery date. They are marked to market everyday and settle 3 times a day. They are sometimes also called “perpetual futures” at other exchanges.
The reason that they are called “Swaps” at Huobi Derivatives is because you are swapping the returns of one asset for the returns of another. Here, you are swapping crypto returns for returns on the US dollar.
At Huobi DM, the Perpetual swaps have leverage up to 125x and they are written on 5 different assets. These are Bitcoin and Ethereum with other coins to be added soon.

HUOBI APPS:
Huobi mobile app for iOS and Android are available. Similarly, the Huobi mobile app features most of the functionalities available on the web platform also. You can even complete tasks like account registration and verification directly via the app. In Google Play, the Huobi Global app has an average rating of 4.1 stars out of 3,730 reviews. However, in December 2018 and January 2019, some users have said that the Android app won’t let them login due to an error with Captcha. On the Apple App Store, Huobi boasts an average rating of 4.9 stars out of over 4,800 reviews.

API :
For those of you who are programmers, you will be happy to learn that Huobi global API can be used on the Futures and Swap markets.
There is both a websocket as well as a REST version available. It is suggested that you use the REST for one off operation to trade and withdraw. You should use the websocket for market data & order updates. You should also note that you can be a market maker on through the API.
If you want to start using the API then you will to get yourself an API key. This can easily be done in the API management of your account dashboard. Here you can select whether you would like it to be a read-only, Withdraw or Trade. You can also bind an IP address to this API so you can ensure than no other person will use your account even if compromised.

HUOBI FEES :
Huobi has a 0.2 % fee that applies to both market makers and takers for amounts between $0 and $5,000,000 over the course of a 30-day period. In comparison, other top exchanges like Binance have 0.1 percent fees. Actually, it has a fair trading fees structure and easy to remember also. Meanwhile, GDAX has 0.3 percent fees.
In January 2019, Huobi Global launched a tiered fee structure that significantly reduces fees for higher-volume traders. This is relatively competitive when compared to other exchanges. Users also have the option to reduce trading fees on Huobi by becoming a VIP member. This involves paying a monthly payment of HT, which varies depending on the membership level (1-5).
Like most exchanges, Huobi has no fees on deposits. However, Huobi does have withdrawal fees minimums that vary from coin-to-coin. For example, withdrawing Bitcoin (BTC) costs 0.001 BTC, with a minimum withdrawal amount of 0.01 BTC. For Tether (USDT), the flat fee is 5 USDT. And the minimum withdrawal amount is 20 USDT. Overall, the meaning- Huobi fees are generally higher than most exchanges for lower withdrawal amounts. A few exceptions exist. For example, TUSD has a withdrawal minimum of $20 but a withdrawal fee of only $2.

IS IT TRUSTWORTHY?
In contrast to other exchanges, Huobi receives a favorable score. First of all, it is incorporated and operated from Singapore. As we all know crypto regulations are advanced there. And promote blockchain startups always. Second, Huobi does provide users with multiple ways to safeguard their accounts. Although it is not enough. Essentially, 2-factor authentication is available using both SMS and authenticator apps. The platform does not require any special confirmation if the account is logged into from an unfamiliar IP address or location. There is no option to whitelist addresses for asset withdrawal, allowing funds to be sent to any address input. Furthermore, Huobi was never hacked. Even though they do present a lucrative target for attackers. Meaning, Huobi has adopted a decentralized exchange structure, which helps to resist DDOS attacks. And we believe the exchange takes these threats seriously and does everything in their power to protect the exchange from hackers. Also, Huobi does store user funds in cold storage to restrict access to them. Actually, the exchange stores around 98 percent of funds in cold wallets.

SUPPORT :
Something else that is crucial to the entire trading experience is the level of support that the exchange provides. There is nothing more frustrating than having to wait hours for response from support.
When it comes to Huobi, there are actually quite a few options to reach their customer support. Perhaps the quickest and most effective way is through their live chat function. Firstly, they will try to help you with the available resources. If that does not work then you can reach out to a live agent.

CONCLUSION:
So, in summary. We really liked the Huobi futures products. It is not only highly functional but is also secure and leverags the expertise that the team have at the main Huobi exchange.
For the futures instruments, there is a decent range of assets and leverage. Markets are also pretty liquid and these are all traded on a simplistic yet technically able trading platform. It’s also great that you can trade on PC programs and mobile apps as well.
When it comes to security, they have taken all of the same precautions that are used on the main exchange. Their 20,000 BTC strong insurance fund keeps them well protected and they have not had a single clawback of trader funds since their inception.
Yes, there are areas for improvement but the exchanges is still evolving and building out functionality. One can only hope that they take trader suggestions into account.
So then, is it worth considering?
Well, if you are looking for a highly functional and secure futures exchange that is backed by one of the biggest names in the business, then it is well worth a try.

Huobi Website: https://www.huobi.com/en-us/topic/invited/?invite_code=czdh5
UID: 138138177
Huobi Indian Community: https://t.me/huobiglobalindia
Huobi Global Community: https://t.me/huobiglobalofficial
submitted by sreenthepotato to u/sreenthepotato [link] [comments]

Building Ergo: Atomic Swaps

Because a blockchain is a siloed, self-contained system by design, interacting with other blockchain protocols is challenging. Atomic Swaps enable cross-chain exchange of digital assets, avoiding the need for centralised exchanges.
Blockchains are excellent at decentralised value transfer within their own domains. That is, you can send BTC to any Bitcoin address securely and easily, and you can send LTC to any Litecoin address securely and easily too.
But because blockchains are based on consensus between miners, they are not designed to interface with other blockchains. Trading assets on different blockchains has therefore traditionally involved third parties like exchanges and OTC desks – with all the risks and inefficiencies they bring.
Cross-chain swaps
Atomic swaps solve this problem by enabling cryptocurrencies to be traded across blockchains. This allows trustless exchange of assets, quickly and efficiently. Here’s how they work in theory:
They are called ‘atomic’ swaps because the orders are either executed in their entirety, or not at all – a kind of fill-or-kill order. But while that’s useful up to a point, it doesn’t allow for active trading, like you would be able to do on an exchange.
Ergo’s implementation of atomic swaps develops the concept further. It’s relatively easy to swap coins or custom tokens trustlessly across any Bitcoin-like blockchains. But beyond that, Ergo allows partial swaps. Just like on a regular exchange, orders can be partially filled, if that’s what the trader wants.
This means it’s possible to build a fully-fledged decentralised exchange (DEX) that enables cross-chain trading: a totally trustless version of existing crypto exchanges. There’s no need for any gateways, token wrapping or other potential bottlenecks or points of failure.
You can find out more about Ergo’s implementation of atomic swaps and intra-chain and cross-chain token swaps in the ErgoScript white paper.
submitted by eleanorcwhite to btc [link] [comments]

Building Ergo: Atomic Swaps

Because a blockchain is a siloed, self-contained system by design, interacting with other blockchain protocols is challenging. Atomic Swaps enable cross-chain exchange of digital assets, avoiding the need for centralised exchanges.
Blockchains are excellent at decentralised value transfer within their own domains. That is, you can send BTC to any Bitcoin address securely and easily, and you can send LTC to any Litecoin address securely and easily too.
But because blockchains are based on consensus between miners, they are not designed to interface with other blockchains. Trading assets on different blockchains has therefore traditionally involved third parties like exchanges and OTC desks – with all the risks and inefficiencies they bring.

Cross-chain swaps

Atomic swaps solve this problem by enabling cryptocurrencies to be traded across blockchains. This allows trustless exchange of assets, quickly and efficiently. Here’s how they work in theory:
They are called ‘atomic’ swaps because the orders are either executed in their entirety, or not at all – a kind of fill-or-kill order. But while that’s useful up to a point, it doesn’t allow for active trading, like you would be able to do on an exchange.
Ergo’s implementation of atomic swaps develops the concept further. It’s relatively easy to swap coins or custom tokens trustlessly across any Bitcoin-like blockchains. But beyond that, Ergo allows partial swaps. Just like on a regular exchange, orders can be partially filled, if that’s what the trader wants.
This means it’s possible to build a fully-fledged decentralised exchange (DEX) that enables cross-chain trading: a totally trustless version of existing crypto exchanges. There’s no need for any gateways, token wrapping or other potential bottlenecks or points of failure.
You can find out more about Ergo’s implementation of atomic swaps and intra-chain and cross-chain token swaps in the ErgoScript white paper.
submitted by eleanorcwhite to CryptoCurrencies [link] [comments]

Building Ergo: Atomic Swaps

Because a blockchain is a siloed, self-contained system by design, interacting with other blockchain protocols is challenging. Atomic Swaps enable cross-chain exchange of digital assets, avoiding the need for centralised exchanges.
Blockchains are excellent at decentralised value transfer within their own domains. That is, you can send BTC to any Bitcoin address securely and easily, and you can send LTC to any Litecoin address securely and easily too.
But because blockchains are based on consensus between miners, they are not designed to interface with other blockchains. Trading assets on different blockchains has therefore traditionally involved third parties like exchanges and OTC desks – with all the risks and inefficiencies they bring.
Cross-chain swaps
Atomic swaps solve this problem by enabling cryptocurrencies to be traded across blockchains. This allows trustless exchange of assets, quickly and efficiently. Here’s how they work in theory:
They are called ‘atomic’ swaps because the orders are either executed in their entirety, or not at all – a kind of fill-or-kill order. But while that’s useful up to a point, it doesn’t allow for active trading, like you would be able to do on an exchange.
Ergo’s implementation of atomic swaps develops the concept further. It’s relatively easy to swap coins or custom tokens trustlessly across any Bitcoin-like blockchains. But beyond that, Ergo allows partial swaps. Just like on a regular exchange, orders can be partially filled, if that’s what the trader wants.
This means it’s possible to build a fully-fledged decentralised exchange (DEX) that enables cross-chain trading: a totally trustless version of existing crypto exchanges. There’s no need for any gateways, token wrapping or other potential bottlenecks or points of failure.
You can find out more about Ergo’s implementation of atomic swaps and intra-chain and cross-chain token swaps in the ErgoScript white paper.
submitted by eleanorcwhite to CryptoMarkets [link] [comments]

Huobi Exchange Review

ABOUT HUOBI PRO EXCHANGE:
Huobi was founded in 2013 by their current CEO and chairman, Leon Li. Li’s background includes having attended Tshingua University, specializing in Automation. Before starting the Huobi Group, Li spent time as a computer engineer at Oracle. In December of 2013, Huobi was named as the largest digital asset exchange operating in China. 2017 saw Huobi extend their limbs into Korea, Singapore, and Japan.
TRADING OPTIONS:
Huobi’s Spot Trading - Huobi offers USDT, BTC, and ETH pairings. There are just over 40 USDT pairings, about 100 BTC pairings, and a similar number of ETH pairings. The pairings are divided into categories according to how long they’ve been on Huobi and whether they are a fork of an existing coin. All pair prices can be viewed in terms of the trading pair or U.S. dollars.
OTC(P2P) - The OTC, or over-the-counter, section of Huobi offers potential buyers and sellers a way to move large quantities of coins without exposure to the fickle exchange market. Certified merchants can register here, and slippage can be minimized by matching buyers and sellers directly instead of creating market orders.
Huobi's Derivatives -
Huobi DM was launched in December of 2018. This was on the back of the successful expansion of the main Huobi exchange. Huobi is one of the largest crypto exchanges in the space which launched in 2013. When it comes to the Huobi derivative instruments, they offer futures and perpetual swap instruments. These are leveraged up to a maximum of 20x on the futures and 125x on the swap instrument. Since the launch of Huobi Derivatives, they have been quite successful in growing their trading volume.
Futures are instruments that allow the holder to buy or sell some asset in the future. Essentially, you are trading some future price of the instrument on the chose delivery date.With the futures instruments, you have leverage options of 1X, 5X, 10X and 20X. These are on 9 different cryptocurrency assets including Bitcoin, Ethereum, EOS, Litecoin, Bitcoin Cash, XRP, Ethereum classic, Tron & BSV.
Perpetual swaps are leveraged instruments that do not have have a delivery date. They are marked to market everyday and settle 3 times a day. They are sometimes also called “perpetual futures” at other exchanges.
SECURITY: IS HUOBI SAFE?
Huobi claims that its risk controls have been developed by the likes of Goldman Sachs. The exchange stores around 98 percent of funds in cold wallets. Moreover, Huobi now utilizes a decentralized exchange structure to prevent DDOS attacks. The exchange even has a User Protection Fund Initiative. Twenty percent of net revenue that the exchanges gains from trades will go to this fund, which it will use to buy back Huobi Token (HT). It also has a service called Huobi Security Service. As part of this, the exchange plans to store 20,000 BTC for insurance. This is a preventative measure that will help Huobi reimburse users in the case of any future hacks.
CUSTOMER SERVICE:
Compared to most exchanges, Huobi has above average customer service experience. Customer support is available 24/7, and response times only take two to three hours on average. Many consider this to be a rarity in the space.
There are two main methods that you can use to reach customer support. First, you can utilize the chat app that is available directly on the Huobi trading platform. Second, you can contact the team at [[email protected]](mailto:[email protected]). If you choose this option, Huobi asks that you use the registered email address associated with your Huobi account and include your user ID.
CONCLUSION:
Huobi can be a great exchange for the savvy trader that likes to trade spot, margin, futures and swaps trades. Huobi makes their platform a seamless experience, not only between the various markets available, but with their mobile application as well. With well over 200 different cryptocurrencies available to trade, with decent security, and many options for a trader, Huobi is an attractive exchange for any trader.
Huobi Website: https://www.huobi.com/en-us/topic/invited/?invite_code=ixdg5
Huobi Indian Community: https://t.me/huobiglobalindia
Huobi Global Community: https://t.me/huobiglobalofficial
submitted by lefu93 to u/lefu93 [link] [comments]

Huobi Exchange Review

A HISTORY OF HUOBI
Huobi was founded in 2013 by their current CEO and chairman, Leon Li. Li’s background includes having attended Tshingua University, specializing in Automation. Before starting the Huobi Group, Li spent time as a computer engineer at Oracle. In December of 2013, Huobi was named as the largest digital asset exchange operating in China. 2017 saw Huobi extend their limbs into Korea, Singapore, and Japan.
Currently, Huobi has headquarters of various financial sectors based in: Singapore; South Korea; Japan; Australia; Indonesia; Russia; Argentina; Thailand; and China. The company has strived to give customers not only a great exchange, but a great resource for any service one may need. Despite the many difficulties faced with Chinese government in regards to cryptocurrency laws, Huobi has managed to adapt to the changes and thrive globally, eventually branching off into various sectors including venture capital, a cryptocurrency wallet project, and a division dedicated to working with mining pools.

HUOBI'S PLATFORM
spot trading : Huobi offers several different platforms to serve any customer’s needs. For starters, Huobi offers a standard spot trading platform that operates similarly to many other spot trading platforms in the industry. The platform features a multi-timeframe chart, a depth chart, and integration with TradingView (including their tools). Customers are able to view the order book and the asset trading history, as well as their own personal order history. Limit orders, Market orders, and Stop-Limit orders are all available options for traders.
margin trading : For the trader that prefers to trade with a little more volume or risk, Huobi offers a Margin trading platform. Customers can apply for loans through Huobi to trade a greater quantity of cryptocurrencies and profit from the price spread. The original loan must be paid back, and accounts can be liquidated if the risk ratio falls below 110% (calculated as: [(Loaned Amount + Tradable Balance) Total Asset] / [(Interest Payable + Loaned Amount)] x 100%.) Traders can margin trade with Bitcoin; Ethereum; XRP; Litecoin; Bitcoin Cash; and EOS. These assets can be traded with USDT or BTC.
futures trading : Huobi also offers a Futures trading platform. While margin trading can be risky, trading contracts is said to be very high-risk. With that being said, Huobi offers Weekly, Bi-Weekly, and Quarterly contracts in Bitcoin; Ethereum Classic; Ethereum; EOS; Litecoin; Bitcoin Cash; XRP; TRX; and Bitcoin SV.
OTC(P2P) - The OTC, or over-the-counter, section of Huobi offers potential buyers and sellers a way to move large quantities of coins without exposure to the fickle exchange market. Certified merchants can register here, and slippage can be minimized by matching buyers and sellers directly instead of creating market orders.


HUOBI APPS
While you do have the online trading interface, Huobi does have computer programs and mobile apps that you can use.
I found that the PC programmes were more functional as they did not have to rely on the PC browser and were hence much faster. They also have better charting and you are in more control of your trading parameters. These programs are available on Windows and Mac devices.
However, if you are a trader that is always on the go, that is where the Huobi mobile apps come in. These were developed for the main exchange but you can switch to the derivative markets on the futures and swaps platform.
This was a pretty well designed application and you have one-touch ordering as well as some basic charting functionality. The app is available in iOS and Android and you can head on over to the respective app stores to get a sense of the feedback.


EXCHANGE SECURITY
Huobi operates a hot and cold wallet storage procedure. This means that they keep the vast amount of their coin holdings in an offline environment away from hackers. They then have a smaller percentage in “hot” wallets with multisig capability.
They also operate a decentralized server structure around the world which can ensure uptime irrespective of whether one of the servers goes down. You can think of this as effective load balancing.
Finally, they have anti DDoS measures in place. We all know that crypto exchanges are prime targets for Denial of Service attacks and it can be quite frustrating when these are perpetrated in peak market times.


IS HUOBI TRUSTWORTHY?
Huobi, like many exchanges in the space, has had, at one time, some shady history, but for the most part, has managed to maintain a clean reputation. Historically, Chinese exchanges have shown to operate in accordance with different standards, with many exchanges having to suffer at the will and whim of the Chinese government. Some of the controversy Huobi has seen in the past has been a result of this (particularly with the Chinese ban on ICO tokens). It should be noted that in 2017, the exchange did invest into “wealth-management products” using idle customer funds. This sort of activity shouldn’t be taken lightly.
However, with that being said, the exchange continues to turn over a large amount of volume. For the most part, the exchange can be considered a trustworthy platform to trade popular and exotic cryptocurrencies. This does not mean it is entirely safe to store user funds on the exchange, as the exchange (or the user funds) can be susceptible to risk at any given moment. No matter how comfortable one may be with the internet, one should always remember that the internet is not as safe as many would like to believe. Huobi does have measures in place in the unfortunate event that an account is breached, and if verifiable, the customer may be able to retrieve lost funds.
A unique feature offered on Huobi is their Official Media Authenticator. This essentially lets users enter the URL of a content channel to see if the channel is authentic. A feature like this, while seemingly simple, could save anyone from potentially losing their funds due to a scam or phishing website.


HUOBI REVIEW VERDICT
Huobi Global offers a signficant host of features to its users and has maintained its credibility over a long period of time. This is largely one of the main reasons it a ranked as a top 4 exchange by liquidity as its users trust their funds there.
After establishing itself in Asia, Huobi is trying to branch out and take on other areas of the globe which is great news for Western traders. Additionally, the Huobi prime platform could provide some great opportunities for the exchange users moving forward.

Huobi Website: https://www.huobi.com/topic/invited/?invite_code=q7g23
Huobi Indian Community: https://t.me/huobiglobalindia
Huobi Global Community: https://t.me/huobiglobalofficial
submitted by chamithasro to u/chamithasro [link] [comments]

The 3rd PlatON Community Council: Announcement of Strategic Partnership between PlatON and wayi.cn

The 3rd PlatON Community Council: Announcement of Strategic Partnership between PlatON and wayi.cn
On Mar.26, 2020, PlatON hosted its 3rd Community Council with wayi.cn, the world’s leading one-stop mining service provider. PlatON founder & CEO Lilin Sun and wayi.cn co-founder & CEO Peicai Li officially announced the strategic partnership between PlatON and wayi.cn. wayi.cn will contribute on the network building and community governance to help facilitate the prosperity and stability of PlatON ecosystem.
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🌟 wayi.cn — World’s Leading One-stop Mining Service Provider

Introduction of wayi.cn
Mr. Li: Shanghai Wayi Network Technology Co., Ltd., aka wayi.cn, is a high-tech enterprise specializing in the Internet field. Since its establishment in June 2015, it has won the trust and support of domestic and foreign customers with professional service and good reputation. Wayi.cn is dedicated to being a top player in the blockchain industry with its one-stop mining integration service covering mining machine, cloud mining, building & operation of mining sites, mining pool, quantitative investment, OTC, etc.
we currently operate more than 200,000 digital currency miners, with a total load of nearly 250,000 kilowatts. In addition, we also operate Bitcoin, Litecoin and Ethereum mining pools.
Strengthens of wayi.cn as One of World’s Top Mining Service Providers
Mr. Li: wayi.cn is leading with:
1. Solid background in mining
We’ve been diving into the blockchain industry since 2013. We started wayi.cn with 4 mining machines, and kept paying close attention to the development trends to adjust our strategy and complete our business scope following the mining industry chain. After years of improvement, we have the business model that fits the landscape of today’s blockchain industry most.
2. A huge scale of operation
Currently, we have 0.2M mining machines managing all kinds of cryptocurrencies, with 0.25M kilowatts load in total. Besides, we have 10 self-operated mining sites, and extra 8 collaboration mining sites. Our mining site scale ranks top in the blockchain industry, and can meet different demands of users.
3. Professional operation & maintenance team
We have a professional operation and maintenance team consists of 150 workmates with 24/7 non-stop work, which ensures the highly effective service all the time. Users’ interests come first for wayi.cn.
In total, as an experienced mining service provider, we are greatly good at problem solving, and have comprehensive solutions for different users. In addition, we are sensitive about the trends and landscape of blockchain industry to redefine and extend our layout, that’s why we collaborate with PlatON. We feel lucky to join a competitive public blockchain with real use cases like PlatON, and be one of the important nodes of PlatON.

🌟 PlatON — an Ever-growing and Stable Infrastructure for Privacy-Preserving Computation and Distributed Economies

The Latest Development and the Further Plan of PlatON?
Mr. Sun: PlatON released its new Baleyworld test net on Mar.20, 2020, and now in the extensive testing and operation stage before our main net is officially announced. We’ve invited many node partners and end-users to participate in Galaxy Rally, a large testing campaign with 5M LAT bonus pool, and help polish our economic model, governance mechanism, technology stability, security and availability. wayi.cn and Mr. Li has shown great support on PlatON since the early 2019, and also one of the great contributors in this testing campaign.
With regard to Privacy AI, our core development direction, we will release world’s first Privacy AI open-source architecture supporting Tensorflow framework in around May, 2020. Then we will build our next-generation DataBank service based on the Privacy AI open-source architecture. Currently, we’ve formed collaboration with many first-tier commercial banks and insurance institutes.
In a word, we provide the basic technology and architecture for the trading and monetization of all digital assets, and the related data transaction service when our main net is officially launched.
Recently, we announced a $2M Grants program and have received more than 20 applications including over 10 applications on privacy-preserving computation and blockchains. We will announce the first projects list selected out after evaluation, and we’d be happy to complete PlatON ecosystem with all great minds worldwide.
How Do You Think About the Recent Turbulence of Cryptocurrency?
Mr. Sun: Historically, the crypto market has gone through several rounds of depressions, in 2013, 2018, 2020, respectively. In my opinion they are just normal occurrences, and won’t affect my judgement for the whole market and industry. Blockchain, as a revolution for the financial infrastructure, is still in its early stage. We will keep our focus on the development and investment on the infrastructure for distributed economies.
Mr. Li: The market trend of cryptocurrency is unpredictable, and has high volatility. I think the turbulence just remind us to respect the market, and be more cautious about the risk.

🌟 Strategic Partnership between PlatON and wayi.cn

Mr. Li: We appreciate the trust and recognition for wayi.cn from PlatON, and will spare no effort in facilitating the prosperity and stability of PlatON ecosystem by helping build PlatON network and the community governance.
Mr. Sun: Thanks very much for wayi.cn’s support, we feel so lucky to get the trust and help from such a backup like wayi.cn. And wayi.cn’s layout and experience will widen our horizon on judging the market and industry, help us avoid risks, and get approved in the global community.
Foundation of the Partnership between PlatON and wayi.cn
Mr. Li: From the view of product and industry chain, PlatON provides the tech support for data exchange and collaborative computing and wayi.cn facilitates the development of global infrastructure for blockchain nodes. PlatON focuses on the development of data technologies and application ecosystem, while wayi.cn focuses on the building and operation for hardware and underlying network nodes. Both PlatON and wayi.cn are indispensable in the blockchain landscape, and are quite mutual complementary.
Furthermore, PlatON is a promising and tech-savvy public blockchain with almost perfect economic and governance models. It is influential in the blockchain industry. Wayi.cn has been diving into the mining ecosystem for years with good reputation. We wish our strategic partnership is a powerful combination and win-win strategy.
How Do You Think about PlatON’s PPoS Consensus Mechanism and PoW Mechanism?
Mr. Li: Either PoS or PoW has its strengthens. PoW mechanism is a product mechanism that can encourage miners to participate in the security maintenance for blockchain network. Miners play an important role in keeping the transparency and network security of blockchain even though they don’t know detailed info of many cryptocurrencies.
With the development and iteration of blockchain’s consensus mechanism, PoS mechanism has been applied in many public blockchains. Plus, Staking and DeFi programs based on PoS mechanism get their recognition, which facilitate the development of both underlying technologies and use cases of the whole blockchain industry.
What’s the Further Development Plan of PlatON’s Privacy-Preserving Computation?
Mr. Sun: We started the research and engineering practice on cryptography in 2016, and then dived into MPC (Multi-Party Computation) in 2017. In 2019, we’ve settled Privacy AI as the core direction of PlatON, and started the development on a Privacy AI architecture with Tensorflow, for the purpose of helping developers get their hands dirty on the applications with no need to understand the complexity of cryptography. Later on, we will have DataBank, a significant engine and platform supporting monetizing data assets based on our Privacy AI architecture.
Our further plan is to support the transaction and liquidity of private data asset based on PlatON completely. That’s in my opinion the real use case.
submitted by PlatON_Network to PlatONNetwork [link] [comments]

Major Australian Exchange Expands to Singapore for Crypto-Friendly Regs

Major Australian Exchange Expands to Singapore for Crypto-Friendly Regs

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Independent Reserve, one of the largest cryptocurrency exchanges in Australia, is expanding to Singapore after an "overwhelmingly positive" response from the regulator.
Adrian Przelozny, CEO and founder of the Sydney-based exchange, announced Friday it had expanded its trading services to users in Singapore, saying in a statement that his team "felt the time was right to make this move."
Przelozny referenced "a number of positive moves by Singaporean regulators" as part of his reasoning.
Independent Reserve offers a host of retail and institutional trading features, including a spot marketplace and over-the-counter (OTC) service. The exchange introduced insurance coverage against theft or loss of digital assets held in a client's account in February 2019.
Established in 2013, Independent Reserve claims it has more than 120,000 customers and 8,000 self-managed super funds (SMSFs), a private superannuation fund operated by its members and regulated by Australian law.
Singapore adopted an open-arms approach to cryptocurrency regulation when the Monetary Authority of Singapore (MAS), the country's de facto central bank and financial regulator, created a legal framework – the 2019 Payment Services Act – that effectively brought all cryptocurrency payments providers under its jurisdiction.
The Payments Services Act was one of the main factors that influenced the Independent Reserve's decision to move to Singapore, according to Przelozny.
"Having worked closely with Australian regulators, and as the only Australian exchange to have insurance on crypto assets, the response we’ve received so far from the Singapore market has been overwhelmingly positive," Przelozny said.
A number of other exchanges, attracted to Singapore's regulatory regime, have also expressed an interest in moving to the country. Binance announced plans to set up a new fiat-to-crypto exchange in the country last year. A group of ex-Morgan Stanley bankers launched a crypto derivatives exchange in December after MAS published a proposal to regulate these types of financial products.
New Singapore users will now have access to an institutional trading platform for cryptocurrencies including bitcoin, ether, litecoin and XRP. Singaporean dollar trading pairs will be integrated into its platform and will operate as a wholly separate entity from the Australian-based platform, Independent Reserve confirmed.
submitted by Oleg0330 to u/Oleg0330 [link] [comments]

2019 Crypto News Reviews

2019 Crypto News Reviews

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As the end of 2019 draws closure, we are looking back at the most influential news items for the blockchain sector.

5–7 January

ETC 51% attack, a nightmare for small altcoins
As a top 20 crypto asset, Ethereum Classic is not seen as an easy target for a 51 percent attack, and yet in early January, its blockchain was successfully hijacked for several days with estimated losses of $1.1 million. This attack has caused many people to panic, as the small PoW consensus coins are vulnerable to 51 attacks. Luckily ETC has not been stunned by the 51 attack, after a short fall in prices, ETC quickly created a new record of the highest price.

16 January

The only not cool thing about Grin coin is its price
Grin, with the “three nada” label-no ICO, no pre-digging, and no investors, was officially launched on 16 January. “Bitcoin 2.0”, “super privacy coins”… the cryptocurrency community was willing to give it all the good crowns. After the launch of its main network, the price of Grin coin has jumped up and down as was expected. Although Grin has experienced some bad luck as the dropout of its core developer Gary, by launching of the Asic mining machine and the Grin foundation receiving 50 bitcoin donations, this unique project is still motivated to move forward.

February

Lightning Network passed the torch all around the world and it is only a beginning
On January 19, 2019, Bitcoinist Hodlonaut began a social experiment dubbed “Lightning Torch” to test the capabilities and UX experience of the Lightning Network. In total, the torch has been a great success. Many people believe that 2019 was the year, when the Lightning Network shined. However, its security and the ease of use were frequently challenged. Not long ago, the Bitfinex exchange announced support for Lightning Network deposits and withdrawals. This is a small step for the exchange but definitely a big step for the Lightning Network.

April

USDT is going to die? Nope, it is still safe and sound
New York’s top cop accused USDT’s issuer of participating in a cover-up to hide the loss of about $850 million in client and corporate funds. People have revived doubts about Tether’s claim that each of its so-called stable coins is backed by $1 of assets — a feature that gives the coins a central role in crypto markets around the world. This has made many investors switch their boats to PAX and TUSD. But up to now, dapptotal data shows that USDT still has about 81% market share.

4 June

Justin stood Warren Buffett out
Justin, Sun Yuchen, officially announced himself the winner of the charity lunch with Warren Buffett, chairman of the holding company Berkshire Hathaway, submitting a record $4.57 million on June, 4. This news has gone viral in China, making Sun a hot topic online. However, because of coming down with kidney stones, Sun decided to postponed this meal, which has made Sun again cover the headlines of the international news media.

18 June

Facebook unveils Libra White Paper
Libra was officially announced by Facebook and 27 global industry giants on June 18, 2019. With such a global attention, Libra has faced strict regulations all around the world and many global central banks have started working on digital currencies, countering Libra.
Over the past six months, after being abandoned by few of its core members of the association, Libra was forced to slow down its pace. However, worth mentioning, because of Libra, blockchain has become the focus of global attention in 2019.

1 July

PlusToken may be driving down the price of Bitcoin
In July, Chinese media reported that the PlusToken scam attracted over 3 billion worth of cryptocurrency. Six individuals connected to PlusToken were arrested in June. The stolen funds have continued to move through wallets and be cashed out through the independent OTC brokers operating mostly on the Huobi platform. It has been speculated that PlusToken sccammers didn’t just steal $2+ billion worth of cryptocurrency. They may also be driving down the price of bitcoin.

5 August

The second halving of Litecoin
Litecoin (LTC) has experienced an event that is designated to happen once in four years: the halving of the block rewards. On Aug. 5, 2019, Litecoin rewards for producing a block were halved from 25 LTC to 12.5 LTC. A co-founder of one of the largest mining pools, F2Pool, stated on Weibo that, given the electricity costs of 0.26 yuan ($0.037) per kilowatt per hour, some mining rigs like L3+ could close their business right away.

23 September

Bakkt isn’t the chosen one, but it is growing to be the one
On September 23, silver-spoon-born Bakkt was officially launched. Specialists believed that it is likely to allow more investors and funds to enter the cryptocurrency industry. However, the platform has faced a great failure and only 72 bitcoins were traded on the first day. In early December, its daily transaction volume has quietly climbed to $ 37 million from only 72 bitcoins. Although the data is still relatively small compared to the top exchanges, being a certified platform by the regulatory body helps a lot. Through the continues development, Bakkt may become the influential platform for the Bitcoin pricing power, which will empower the platform with the super power.

25 October

Xi Jinping Urges Accelerated Blockchain Technology Adoption in China
China’s President Xi Jinping has called for the country to accelerate its adoption of blockchain technologies as a core for innovation. President Xi made the comments at a Politburo Committee session on blockchain technology trends on Oct. 24, stressing that the implementation of integrated blockchain technologies is key in promoting technological innovation and transforming industries. The next day after Politburo meeting, the price of Bitcoin soared 42% to $10,500- hitting the biggest daily gain since 2011.

29 October

Chinese cryptomining giant Bitmain’s civil war breaks into open
On 29 October, the Bitmain co-founder Wu Jihan returned to the company after an absence and replaced Mr Zhan’s name on the company’s registration documents with his own. Mr Wu threatened employees with punishment if they continued to meet or communicate with Mr Zhan or carry out any of his instructions. In the past two months, Wu Jihan offered three tempting and determined mining axes: installment payments, option hedging, and joint mining.

21 November

The call of future-Canaan is listed on NASDAQ
On November 21, Canaan was listed in NASDAQ, commemorating the first share of the blockchain going public. The listing of Canaan was almost the biggest event in the blockchain industry in November. Unfortunately, CAN broke after a short rise of 40%, falling to $4.65 up to now, reaching half of its listed price. However, worth mentioning is that listing of Canaan represents that the traditional financial world has thrown an olive branch on blockchain concept stocks, marking the beginning of the long way to go.

Contacts

For more information, please contact us via the following channels:
Wechat ID: NodePacific Telegram:https://t.me/nodepacific Official Website:https://www.nodepacific.com Twitter:https://twitter.com/node\_pacific Official Weibo:https://www.weibo.com7031545621 Medium:https://medium.com/@nodepacific Reddit:https://www.reddit.com/usenodepacific
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Daily analysis of cryptocurrencies 20191010(Market index 41 — Fear state)

Daily analysis of cryptocurrencies 20191010(Market index 41 — Fear state)

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UK Regulator Ramps Up Crypto Investigations And Considers KYC For Wallets The UK’s Financial Conduct Authority (FCA) has been relentlessly scrutinizing cryptocurrency startups and investigations are up 74% from 2018. Meanwhile, proponents of decentralized software development models and open collaboration are upset about the FCA aiming to extend KYC/AML regulations to the publication of Open source and zero-knowledge software.
Russia’s Central Bank Sees No Obvious Need To Issue National Cryptocurrency Russia’s Central Bank sees no obvious need to issue a national cryptocurrency, said head of the regulator Elvira Nabiullina speaking at the Finopolis forum of innovative financial technologies.
Telegram’s Upcoming GRAM Token Finds Support From Coinbase Custody American cryptocurrency exchange Coinbase seems to be heading towards expansion, following the addition of several cryptocurrencies to its network. In a recent update, the exchange has announced its intention of supporting messaging giant Telegram’s yet-to-be launched cryptocurrency, GRAM.
Alipay Reiterates Noninvolvement In OTC Market Of Cryptocurrency The security center of Alipay reiterated via its Weibo handle on Oct 10 that it would prohibit the use of Alipay in crypto trading on the OTC market. “If any of the trading activities were found to be associated with Bitcoin or other cryptocurrencies, we would stop providing with payment services immediately,” the announcement said. Alipay emphasized it would cancel business accounts involved in crypto trading. Individual accounts using Alipay to trade cryptocurrencies will be suffering from collection limitations either for a certain period of time or permanently depending on the actual circumstances. As previously reported by CoinNess.com, Binance announced the Chinese launch of its P2P trading service, with the slug-line, ‘anything that makes it easier to get crypto.’ Head honcho CZ later confirmed on Twitter the addition of fiat on-ramps via WeChat and Alipay. The claim made by Alipay seems to be a reply to CZ’s announcement about the “upcoming” new feature of fiat on-ramps through Alipay.

Encrypted project calendar(October 10, 2019)

INB/Insight Chain: The Insight Chain (INB) INB public blockchain main network will be launched on October 10. VET/Vechain: VeChain (VET) will attend the BLOCKWALKS Blockchain Europe Conference on October 10. CAPP/Cappasity: Cappasity (CAPP) Cappasity will be present at the Osaka Global Innovation Forum in Osaka (October 10–11). TrueFeedBack (TFB): 10 October 2019 (or earlier) Application Release New version of TFB application and TFB bounty application. Sparkpoint (SRK): 10 October 2019 4rth Quarterly Burn SparkPoint ( SRK) will execute its 4rth quarterly burn on October 10, 2019. Insight Chain (INB): 10 October 2019 Mainnet Launch “The Mainnet for INB Public Blockchain Will be Launched on October 10.” Celer Network (CELR) and 4 others: 10 October 2019 Layer 2 Meetup Osaka “Join us at Layer 2 Meetup for fruitful networking, chilled atmosphere & sushi on October 10, 2019 during the DevCon in Osaka, Japan.” Cappasity (CAPP): 10 October 2019 Global Innovation Forum Cappasity presents at Osaka’s Global Innovation Forum in Osaka. ThoreNext (THX): 10 October 2019 Submission Last Date “$THX #THX Swap #Update Submission Last Date 10–10–2019”

Encrypted project calendar(October 11, 2019)

OKB/OKB: OKB (OKB) OKEx series of talks will be held in Istanbul on October 11th to discuss “the rise of the Turkish blockchain.” Aragon (ANT): 11 October 2019 Osaka DAO Party “We are excited to invite you to our @EFDevcon Aragon Dream DAO Party — DAICO Edition in Osaka on the evening of October 11th!” BitTorrent (BTT) and 1 othe: 11 October 2019 Airdrop “On October 11th 00:00 UTC we will initiate our ninth $BTT airdrop and reward TRON $TRX holders with 990,000,000 #BTT!” Zilliqa (ZIL): 11 October 2019 Dev Call “The Aztec Protocol team will be joining our 4th Dev Call this Friday at 2pm EST. We will be having interesting conversations about FOAM (FOAM): 11 October 2019 Osaka Happy Hour “Join FOAM and @3boxdb for a #DevCon Happy Hour in Osaka this Friday at Runway lounge.”

Encrypted project calendar(October 12, 2019)

BTC/Bitcoin: The 2019 Global Mining Leaders Summit will be held in Chengdu, China from October 12th to 14th. BLAST (BLAST): 12 October 2019 (or earlier) Masternode & Assets “Masternode functionality and versionbits signalling for Assets will become active on the BLAST network at block height 1710000.”

Encrypted project calendar(October 14, 2019)

BCH/Bitcoin Cash: The ChainPoint 19 conference will be held in Armenia from October 14th to 15th.

Encrypted project calendar(October 15, 2019)

RUFF/RUFF Token: Ruff will end the three-month early bird program on October 15th KAT/Kambria: Kambria (KAT) exchanges ERC20 KAT for a 10% bonus on BEP2 KAT-7BB, and the token exchange reward will end on October 15. BTC/Bitcoin: The Blockchain Technology Investment Summit (CIS) will be held in Los Angeles from October 15th to 16th.

Encrypted project calendar(October 16, 2019)

BTC/Bitcoin: The 2019 Blockchain Life Summit will be held in Moscow, Russia from October 16th to 17th. MIOTA/IOTA: IOTA (MIOTA) IOTA will host a community event on the theme of “Technology Problem Solving and Testing IoT Devices” at the University of Southern California in Los Angeles on October 16. ETH/Ethereum: Ethereum launches Istanbul (Istanbul) main network upgrade, this main network upgrade involves 6 code upgrades. QTUM/Qtum: Qtum (QTUM) Qtum main network hard fork is scheduled for October 16. (CRYPTO): and 1 other 16 October 2019 Supply Chains Unblocked Supply Chains Unblocked in London from 9:30 AM — 6 PM. Binance Coin (BNB): 16 October 2019 Singapore Meetup “Bring your friends to come along with, & it will be FUN! With snacks and drinks.”

Encrypted project calendar(October 17, 2019)

Holo (HOT): 17 October 2019 Redgrid AMA “Join us for the AMA with RedGrid on October 17th. Submit your questions before the AMA on our Holochain Dev Forum.” IOST (IOST): 17 October 2019 Breeding Competition Ends “Join IOST 2nd Breeding Competition by @FishChainGame now! The competition only lasts till 17 Oct” Aragon (ANT): 17 October 2019 Seoul Meetup “You are invited to join @licuende for a meetup and presentation on ‘Aragon and DAOs: What’s next after ICOs and DeFi?’” Skycoin (SKY): 17 October 2019 NYC Skywire Meetup NYC Skywire Mainnet Meetup in NYC from 6–8 PM.

Encrypted project calendar(October 18, 2019)

BTC/Bitcoin: The SEC will give a pass on the VanEck/SolidX ETF on October 18th and make a final decision HB/HeartBout: HeartBout (HB) will officially release the Android version of the HeartBout app on October 18. OKB (OKB): 18 October 2019 Rotterdam Meetup “Meet us in Rotterdam on 18 Oct as we partner up with Crypto010 Meetup to bring you a talk on ‘Decentralized Finance’.” HeartBout (HB): 18 October 2019 Android Version “18th of October 2019 will be officially released Android version of HeartBout app.” BTU Protocol (BTU): and 2 others 18 October 2019 Paris Blockchain Summit The event will gather major international key players of the Blockchain ecosystem including well-known influencers, investors, government…

Encrypted project calendar(October 19, 2019)

PI/PCHAIN Network: The PCHAIN (PI) backbone (Phase 5, 82 nodes, 164, 023, 802 $ PI, 7 candidates) will begin on October 19. LINK/ChainLink: Diffusion 2019 will be held in Berlin, Germany from October 19th to 20th DeepBrain Chain (DBC): 19 October 2019 (or earlier) Deploy Main Chain “Deploy Main Chain,” during the third week of October. General Event (CRYPTO): and 1 other 19 October 2019 Free State Blockchain “This “unconference” style event brings together some of the top financial tech innovators, researchers, company leaders, and other…” PCHAIN (PI): 19 October 2019 Main Chain Voting “Main chain: Epoch 5, 82 nodes, 164,023,802 $PI, 7 Candidates, voting will start on Oct. 19th.” Nash Exchange (NEX): 19 October 2019 Nash Anniversary Nash will present their work from the third quarter of 2019. Team members will be present and to answer your questions in person.

Encrypted project calendar(October 20, 2019)

GameCredits (GAME): 20 October 2019 (or earlier) Mining Reward Drop GameCredits mining reward will be cut in half at block 2519999 (~October 20). This will be the 4th halvening of the GAME mining reward!

Encrypted project calendar(October 21, 2019)

KNC/Kyber Network: The official online hackathon of the Kyber Network (KNC) project will end on October 21st, with more than $42,000 in prize money.

Encrypted project calendar(October 22, 2019)

ZRX/0x: The 0x protocol (ZRX) Pantera blockchain summit will be held on October 22.

Encrypted project calendar(October 23, 2019)

MIOTA/IOTA: IOTA (MIOTA) IOTA will host a community event on October 23rd at the University of Southern California in Los Angeles with the theme “Connecting the I3 Market and Experiencing Purchase and Sales Data.” BTC/Bitcoin: The WBS World Blockchain Summit (Middle East) will be held in Dubai from October 23rd to 24th.

Encrypted project calendar(October 24, 2019)

BCN/Bytecoin: Bytecoin (BCN) released the hidden amount of the Bytecoin block network on October 24.

Encrypted project calendar(October 25, 2019)

ADA/Cardano: Cardano (ADA) The Ada community will host a community gathering in the Dominican Republic for the first time on October 25.

Encrypted project calendar(October 26, 2019)

KAT/Kambria: Kambria (KAT) Kambria will host the 2019 Southern California Artificial Intelligence and Data Science Conference in Los Angeles on October 26th with IDEAS. BTC/Bitcoin: CoinAgenda Global Summit will be held in Las Vegas from October 26th to 28th

Encrypted project calendar(October 28, 2019)

LTC/Litecoin: Litecoin (LTC) 2019 Litecoin Summit will be held from October 28th to October 29th in Las Vegas, USA BTC/Bitcoin: Mt.Gox changes the debt compensation plan submission deadline to October 28 ZEC/Zcash: Zcash (ZEC) will activate the Blossom Agreement on October 28th

Encrypted project calendar(October 29, 2019)

BTC/Bitcoin: The 2nd World Encryption Conference (WCC) will be held in Las Vegas from October 29th to 31st.

Encrypted project calendar(October 30, 2019)

MIOTA/IOTA: IOTA (MIOTA) IOTA will host a community event on October 30th at the University of Southern California in Los Angeles on the topic “How to store data on IOTA Tangle.”

Encrypted project calendar(November 1, 2019)

INS/Insolar: The Insolar (INS) Insolar wallet and the redesigned Insolar Block Explorer will be operational on November 1, 2019.

Encrypted project calendar(November 6, 2019)

STEEM/Steem: The Steem (STEEM) SteemFest 4 conference will be held in Bangkok from November 6th to 10th.

Encrypted project calendar(November 8, 2019)

BTC/Bitcoin: The 2nd Global Digital Mining Summit will be held in Frankfurt, Germany from October 8th to 10th.

Encrypted project calendar(November 9, 2019)

CENNZ/Centrality: Centrality (CENNZ) will meet in InsurTechNZ Connect — Insurance and Blockchain on October 9th in Auckland.
https://preview.redd.it/kwx1zlfzcpr31.png?width=504&format=png&auto=webp&s=95ecc02a02a6b24d8ad27f27ceefec242bc9e065

Yesterday, we saw a minor downside correction in BTC below the $8,200 support area against the US Dollar. We also discussed a possible bounce as long as the price holds the $8,000 support area and the 100 hourly simple moving average. The price did stay above $8,000 and recently started a strong upward move. It is up more than 5% and surpassed the $8,350 resistance. Moreover, there was a break above the key $8,500 resistance area.
A new weekly high was formed near $8,691 and the price is currently consolidating gains. It corrected below the $8,600 level. However, the 23.6% Fib retracement level of the recent rally from the $8124 low to $8,691 high is acting as a decent support. Additionally, there is a short term breakout pattern forming with support near $8,540 on the hourly chart of the BTC/USD pair.
If there is a downside break below the $8,540 and $8,500 support levels, the price could extend its correction. The next key support is near the $8,400 level. Moreover, the 50% Fib retracement level of the recent rally from the $8124 low to $8,691 high is also near the $8,407 level. If there are any additional losses, the price may perhaps test the $8,350 support area (the recent key resistance).
Review previous articles: https://medium.com/@to.liuwen

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submitted by liuidaxmn to u/liuidaxmn [link] [comments]

Abra Explained!

With the announcement of Abra Global accepting Litecoin along with 19 other great crypto currency projects.
https://twitter.com/satoshilite/status/974445868282650624?s=21
https://twitter.com/billbarhydt/status/974308529451368449?s=21
There have been some mixed emotions. Most, in my belief, due to not fully understanding the product. I took some time to clarify a few things and possibly answer some of the questions you might be having.
Users can deposit money through means of: -US domestic wires for 2-30k per day, no weekly or monthly limits.
-Bank deposit (US & Philippines for now) 1.5-2% Teller Fee for PH Banks 0% Fee for US Banks
-BTC deposit Network Fees
-Credit Card(Amex)/Debit (ACH) transactions More to come) 4% Fee for Amex
Once the funds are on the platform though you can convert fiat/BTC for ANY of the 70 currencies listed including fiat currencies without supported banks yet. You can even exchange fiat for fiat USD -> GBP.
This is possible by means of use of stablecoins. Here is a link to how stablecoins work:
https://hackernoon.com/stablecoins-designing-a-price-stable-cryptocurrency-6bf24e2689e5
TL;DR Stablecoins are paired with a fiat that holds its value relative to a foreign markets rather than a crypto exchange, so the price will not be as volatile. All stable coins are hedged against the market through the use of smart contracts through Litecoin and Bitcoin networks.
Additionally: Abra will pay the difference if you want to cash out fiat stablecoins. (Example: if you put $100 USD into EUR and it gained 6% you would keep the gains, less any fees)
Trading If you would like to trade any of the Crypto Currencies for Fiat, all trades are fee-less (crypto->crypto, crypto->fiat, or fiat->fiat)
Any withdrawals currently only charge 1.5-2% for PH Banks, 0% for US banks, & Network Fees for BTC withdrawals. Users can also do US Bank wire withdrawals
Additional Tip: If you use UnionBank, they can do OTC cash deposits into the app even if you aren't a UnionBank account holder and they do not have fees.
Pros -2-3 Business Day Bank deposit -> 5-7 day Coinbase -Fee-less trading -70 supported currencies (through use of 20 crypto currencies and 50 Fiat stablecoins) -Non-custodial wallet (you control private keys)
Cons -Only US & Philippines Banks/ BTC for deposits -Can only withdrawal via US & Philippines Banks, or BTC -Can not transfer to external wallets -Segwit not activated
KYC can be viewed either Pro or Con, but they do require a KYC. Very small though:
-Name -Country -Email -Phone Number
It took me about 5 minutes to completely sign up, add my bank info and transfer some BTC.
Solutions Abra is working to add more banks in the future, in the meantime users can still hold their preferred currency through the use of the fiat stablecoins.
https://www.abra.com/blog/20-new-cryptocurrencies/
"Abra will be adding native support for LTC & ETH deposits in the coming weeks."
Currently Abra is working on support for transfer from Ledger Nano wallets
https://twitter.com/crypto_trojan/status/974339057927929856?s=20
Segwit support is also on their road map & they plan to have it released within the coming months.
Sidenote: For anyone wondering how they make money. Abra Global make their funds off of the exchange spread which = difference between the sell and buy price via market orders.
Add any questions you might have. I'll try my best to answer them or point you in the right direction.
Ryanfromabra may be able to answer some questions from a customer operations point of view
Maybe coblee, Losh11 might be able to explain more technicals
ecurrencyholder and I have reached out to @billbarhydt on Twitter to possibly set up an AMA and Livestream, to be set at a later date! Stay tuned.
Any supporting links or thoughts are always appreciated! Thanks for your time.
To the moon! 🚀
submitted by Orbitzz1 to litecoin [link] [comments]

FORMAL CLAIMING FAQ & GENERAL FAQ

1) If I sent my claim to [email protected], do I still have to file another claim to the Trustees?
Yes, you will still need to file a formal claim in order to receive your share of the bankruptcy assets.
2) What are the deadlines for filing my formal claim?
The deadline for filing formal claims is 30 days before the hearings scheduled to examine assets and liabilities of the bankrupt companies. The two hearings have been scheduled in two different dates: 7 May 2019 for WebCoin; 21 May 2019 for BitGrail S.r.l. Therefore the deadline to file formal claims are, respectively: 6 April 2019 and 19 April 2019. Currently working on getting information about best way to file claims, where to send and what needs to be included. Aiming to have answers to this late next week.
3) Where do I send my formal claim?
We don't know yet. We don't know whether it can be done online or via regular mail. But we are working to get this information. Once we know, we will publish the information on discord via #messageboard, on the nanocurrency subreddit, via medium post and anywhere else we can think of as a relevant channel to reach claimants. Hopefully claiming online will be possible.
4) What do I include in my formal claim?
We don't know yet what the minimum information required to approve the formal claim will be. Hopefully, verification of the email you used for your BitGrail account will help a great deal. There might also be other demands to verify. But this too is something we are working to get more information on.
5) How much will I get?
This is another question that is hard to answer at this time. In terms of crypto assets (if the reimbursement is done in crypto), it will depend on if the total amount of claims cover the remaining assets held by the bankruptcy estate or not. This is a process, and the most important focus right now is to begin and complete the process of collecting and organizing all formal claims. The trustees will likely not have anything to say about reimbursement before they know how many claimants they have to deal with and what the claims amount to in total.
6) What happens if assets remain unclaimed after the final deadline?
We don't know if the deadlines posted will be extended or if claimants who do not make it in time will get a second chance. I would strongly suggest not to be late with filing your claim, hoping for an extended deadline. If assets are still unclaimed after the final deadline, these will most likely go to cover those who have filed their claims in time up to 100% of what they lost at most (highly unlikely). This is not at all a goal. We want as many as possible to formally file their legitimate claims and will reach out on the online platforms mentioned in 03.
7) How long will it take before I can get my assets back?
Too many variable factors go into this to be able to give a specific amount of time. It depends on how fast the trustees and their assistants are able to work, how cooperative the creditors are, if the reimbursement happens in crypto or fiat, and how many claimants have to be handled throughout the process. While we have had a victory with the bankruptcy petition, I believe we still have a long way to go. Hopefully, we can all work together to get this right in the shortest amount of time possible.
8) Will the reimbursement happen in Crypto or Fiat?
As with so many questions, we don't have a definitive answer at this time. That being said, I believe this depends on what the creditors want, and the option of being reimbursed in crypto should not be off the table. Because we are dealing with thousands (if not tens of thousands) of claimants from more than 70 different countries (some who might find it complicated to be compensated through the banking system), reimbursement in Crypto makes a lot of sense. It also makes sense in terms of saving claimants value, as the trustees will not have to liquidate the assets into fiat before returning them. A reimbursement process in Crypto will likely also save time for this entire process. We will see how likely it is, but I wouldn't count it out just yet.
9) I can't log in to my BitGrail account anymore?
The BitGrail exchange has been closed for some time now. The exchange was not secure, and will not continue operating. Most likely, you will not be able to log in ever again, unless the trustees have the chance to and decide to allow login for users who need the data. We don't know if this is easy to do at this point or possible. For most, you will not need to login to BitGrail to file your formal claim, and the reimbursement process will likely not happen through the exchange.
10) I don't remember the exact amount I lost / I terminated my account.
Several claimants have posted comments about similar issues. We will have to see what is possible to do with these challenges when we know more about the process of filing formal claims.
11) Will Bomber go to jail?
We chose the legal system in this Bankruptcy case and have succeeded with this. What happens from here, in terms of criminal charges, is primarily up to the Public Prosecutor if this person deems it necessary or not. It is not a focus for this group at this point. Damage has definitely been done to the customers who used the BitGrail exchange. Because so many inaccurate statements from Bomber and Bitgrail have been shared on social media and spread around in different online publications, it has been important to make sure the facts were set straight and the court ruling was well known, now that it is public.
For the sake of NANO (the asset that a great majority of the creditors lost, and still have percentages of now in the hands of the trustees) it was very important to correct the serious and incorrect accusations that the node or software itself was the reason for the double withdrawals. Many people, both claimants and others, have invested a lot of time and money in NANO, and when such a serious accusation gains traction (and is proven to be incorrect) it is vital to spend some time on getting the facts out.
Now that this has been done, I also think it is important to let the Italian authorities deal with the rest of it and let Bomber deal with Bomber. We have all been angry for good reason, but I do not think it serves any of us to continue focusing on him, moving forward. Our time will be spent in a much more productive manner if we focus on the bankruptcy process and what we can do to get the best result possible there.
This is a two way street of course, and if Bomber decides to intervene or make our process more difficult he will open himself up for a legal reaction. But so long as he does not interfere and minds his own business, I think the best will be to let the authorities deal with him and for us to leave him alone.
12) How much crypto / other assets do the Bankruptcy Estate holds?
As far as we know:
BITCOIN: 2 344,98 (+ 167,76 BTC ?) NANO: 4 001 097,97 DOGECOIN: 34 727 218 LITECOIN: 4 014,18 CREATIVECOIN: 87 964 LISK: 1 478 CFT: 376 684 BITCOIN CASH: 622,28 ETHEREUM: 2 619 BITCOIN GOLD: 339,59
In addition to this, the following has been seized as well:
€554.701,08 0.00080000BCG on the Poloniex.com 2 bitcoin portal A BMW vehicle
There are expenses with this process as well. Those who have been appointed by the court to manage this process will need to be paid for their time and work with this.
13) What do the current claims amount to in numbers and crypto?
We currently have a little over 5000 claims, but keep in mind that these are not verified claims. This means that these claimants will all have to send in formal claims as well to have them verified and approved by the trustees (See question 1-4). I don't have the exact amount of crypto in total claimed at the moment, so will go back and update this when I'm done with them. What I can say, if these claims are anywhere near accurate, is that it is unlikely that we are looking at anywhere near 50,000 claimants or 220,000 claimants for that matter.
This, because a larger part of the crypto is being claimed in these 5k claims alone, leading us to think that it seems more likely that the final number of claimants can range anywhere from 6-7k to 20k on the high side. I say this with the strong caveat that of course some of these unverified claims might be inaccurate or false, so we will of course know more when the trustees count up the actual amount of approved claims down the road.
Bitgrail might very well have had 220k accounts, but many had more than one account, so amount of accounts do not necessarily represent amount of claimants. But again, we will have to see down the road how close or far apart these estimates are.
14) Can I get the same dollafiat value for my crypto as I originally purchased it for in 2017/2018?
This question has come up several times, and there is a very logical answer to it; If the cryptocurrency (BTC, NANO, ETH etc) gets liquidated into fiat (sold), someone has to purchase that crypto whether it be done OTC or via regular exchanges. This person or group of individuals will likely not want to pay much more than market price for the crypto at the time of purchase. If your share of the bankruptcy holdings amount to 1 BTC, and that 1 BTC is worth $3000 at the time of sale, that is most likely the amount you would receive in dollars. Simply because it is not possible to reimburse you with money that is not there.
This is also a good argument for accepting reimbursement in Crypto, rather than fiat (if this is possible), as the extra time, fees and complications with reimbursing you in fiat can be avoided. We are in a bear market right now. We don't know how long it will last or when/if we will head back into the bull market eventually. But the best hope for you to receive more in fiat value pr. crypto held would be if the market eventually turns around and people are willing to pay a higher market price pr. crypto than what is possible in today's market.
submitted by theveryrealfitz to BGinsolvency [link] [comments]

Bitcoin & Cryptocurrency OTC Markets The Inside Story How to Buy Bitcoin Over The Counter (OTC) on the KuBitX Exchange. How to buy Litecoin (LTC) Litecoin Updates, You MUST Know This About LTC! Inside Bitcoin & Cryptocurrency OTC Desk

Top 6 Bitcoin OTC Exchanges. If you are a rich person or an institution that wants to trade in crypto, going to an exchange might not cut it. You will need to find a company that is engaged in OTC trading. Here are six Bitcoin OTC traders that most people do not know about. However, these are worth checking out. SFOX Over-the-counter (OTC) trading takes place off the open Kraken exchange. We offer deeper liquidity and a private, more personalized service to institutions and high net-worth individuals needing to fill large orders that might be too disruptive if placed on open markets at the exchanges. Whether you are trading blocks of $100,000, €10,000,000 or 2,000 Bitcoin, the OTC desk will provide you ... Boomt der Bitcoin OTC-Markt? Seit Bitcoins Allzeithoch ist die führende Kryptowährung um 81 Prozent gefallen und befindet sich seither in einem Bärenmarkt. Dennoch deuten Dutzende von Berichte darauf hin, dass institutionelle Akteure weiter in den Krypto-Markt vordringen. They are limited to only Bitcoin, Ethereum, Ripple, Bitcoin Cash and Litecoin. OTC-trading is suitable only for long-term investments, since it’s not feasible to quickly find buyers and sellers for a large number of transactions in order to make a profit. In addition, in most cases, it is not possible to automate the trading process as you ... Binance cryptocurrency exchange - We operate the worlds biggest bitcoin exchange and altcoin crypto exchange in the world by volume

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Bitcoin & Cryptocurrency OTC Markets The Inside Story

Litecoin has been doing very well in 2019 so far. Today, Mattie takes a look at LTC and he will dig into the tech as well as the latest news from Litecoin. Jackson from the OTC & Brokerage desk Caleb and Brown and I discuss the state of the crypto OTC markets. Check it out - https://partners.calebandbrown.com/cr... Fans of some Altcoins like to paint BTC as a tool of the rich to move around large amounts of wealth. They make up excuses about it not being for the poor and how their coin serves "the people ... Atomic is a non-custodial wallet that supports 300+ cryptocurrency assets, built-in exchange, "buy crypto" service and custom token feature. https://AtomicWallet.io ===== How to buy Litecoin with ... Dr. Prash CEO of Caleb & Brown https://bit.ly/2Feq8F6 and I discuss the Bitcoin and cryptocurrency OTC markets Disclosure: This is an unpaid interviewfor a project that was deemed worthy of ...

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