Bitcoin Private BTCP

$1.33
Market Cap $ 27.288 MM (#106)
24h Volume $ 32.115 K
Chg. 24h: -4.78%
Algo. score 4.3/5  (#17)
Show Quick Stats

Bitcoin Private News

The 800lb Shitcoin: Why Bitcoin SV Market Cap Is Pure Fantasy

Market capitalization is the blockchain equivalent of an online horoscope. It’s total bollocks, but it holds a powerful fascination. And despite repeatedly pointing out the fallacies of the metric, we’re not immune to fixating on it ourselves: every time there’s a drop, we check the charts for the latest flippening. But new data suggests that cryptocurrency market cap may finally be a metric worth noting. It’s not as intuitive as the method used by Coinmarketcap, but neither does it appear to be utter bunk. Here’s the problem with market capitalization, at least when it comes to gauging a currency’s value. When CMC calculates the Bitcoin market cap, they do a straightforward multiplication: latest market price times the total number of existing coins. That means market capitalization is as accurate as exchange prices: in other words, not at all. If you were John McAfee, or a bet-losing Roger Ver, all you’d need to do is market buy a few satoshis for a hundred dollars each on a big exchange - and hey presto! Your currency has a multi-trillion-dollar market cap! And this doesn’t even include the vast number of lost, missing, or simply dormant coins that are not impacting the crypto-economy. The problem is worse for forks: their market capitalization includes all possible coins, even those that have not been claimed. For Bitcoin Cash (BCH) that’s not a huge issue: 9.3 million BCH have been active since Block 478558, when the fork occurred, compared to 9.8 million BTC coins. But it’s a huge distortion for Bitcoin SV, where the capitalization is calculated on the premise that there are 17 million BSV coins just waiting for the right buyer. Actual data calculated through the Blockchair API show that, of the unspent outputs existing on BSV at the time of the fork, only 4.2 million have actually been activated. BCH didn’t fare much better, with 5.4 million coins being spent.* That means that one in five BCH hodlers are too lazy to split their wallets, even for free money, if that free money is coming from Craig Wright. Counting the number of active addresses makes the same point in a different way: Active addresses for BTC (red), BCH (blue) and BSV (orange).Except for two spikes, the number of active BSV wallets range between a quarter to a half of BCH activity, and both were completely dwarfed by BTC. With less than a quarter of possible coins being activated, BSV’s ‘real’ market cap should lie somewhere between Maker and NEO. CoinMetrics Realizes The Problem Luckily, we’re not the only ones who find CMC’s data... incomplete. CoinMetrics, which broke the story of the invisible BTCP Premine, has made a business of accurately measuring blockchain activity, and they’ve invented a new measure for crypto value. The result is “realized capitalization,” a substitute for market capitalization which places more weight on recent transactions than on on older ones. Transactions outputs in this measurement are valued according to the market price of their latest movement. According to CoinMetrics, “Its crux is to value different part of the supplies at different prices, instead of using the daily close as market cap does.” The result looks something like this: This is still an imperfect metric-the weighting system has been slow to catch up with the latest drops, giving BTC an improbably-high capitalization of $80bn. So why is that? The metric gives a historically-weighted capitalization for each Bitcoin transaction based on each coin’s latest movement. For example, Satoshi’s coins are valued at nearly $0, matching the price when when they were mined, but a recent bitcoin movement will be valued at current prices. Realized capitalization does have some distortions from the more traditional metric, but it does inject a measure of actual economic activity into cryptocurrency movements. According to this metric, the squiggle on the right is Bitcoin SV-with a real value somewhere between Doge and Bitcoin Gold, at around $500M - a far cry from CMC’s suggestion that its market cap is $1.5bn. Right now it only works for UTXO ledgers, like Bitcoin, but Coinmetrics says that it can be generalized to other blockchains “with some effort” For account-based currencies like XRP or Stellar, the realized capitalization metric would likely omit long-term escrows and unreleased tokens. As always, caution is in order, especially when dealing with new metrics. Coins on a custodial exchange might change hands several times without changing their blockchain address, and some users might move coins between several wallets without transferring ownership. All the same, the data appear to confirm what most of the crypto world already knew: that BSV is exactly one letter too long. Despite having a nominally high market cap, any serious metric would put Satoshi’s Vison very far outside the top ten. The author is invested in Bitcoin, Bitcoin Cash and Bitcoin SV, which are mentioned in this article. *Special thanks to Blockchair‘s

13 days ago

Crypto Market Update Jan.1: New Year, New Hope? An Extended 2019 Market Overview & Forecast

2018 is over and whoever had expected a bullish year like 2017 turned to be very disappointed. The good news is that, as of now, the sharp November declines are gone, while the market stabilizes above $3600. 2018 has ended recording an annual low at $ 3100, while the low of 2017 was $770. To sum it up, despite the declines and the investors who suffered from the enormous losses, Bitcoin is still considered a profitable investment in a yearly overview. 2018 Short Summary with a Glance to 2019 The hype around Bitcoin in the mainstream media had calmed down, while the media is trying to distinguish between Bitcoin and the blockchain technology. The media sees blockchain technology for years, unlike Bitcoin. Only history will tell which narrative is correct. Stable Coins: 2018 was the year of stable coins, as the market discovered the need for liquidity and tokens backed by Fiat, which can expand the crypto trading options and increase liquidity. Utility vs. Security: The SEC, which usually has bad news for the crypto space, determined that Bitcoin and Ethereum are not securities, as opposed to the vast majority of ICOs. Social networks against crypto: During the past year, Facebook and Google had disapproved crypto advertisements. Recently, it was published that Facebook will launch its own cryptocurrency. Was this a coincidence? Bearish Bitcoin: The market is still waiting for Bitcoin to enter the last market cycle, known as capitulation. No one knows of course if we haven’t already seen the lows. Altcoins are rising against BTC: it appears that some altcoins such as Ethereum and Ripple, are showing a change in sentiment against Bitcoin, which gives traders an optimistic feeling for the beginning of 2019. We will remember 2018 as a difficult year for Bitcoin’s price, while on the other hand, an excellent year for Bitcoin infrastructure developments such as the Lightning Network. We expect for 2019 that regulations will continue to tighten around the crypto ecosystem. Everything we knew about ICOs has already changed, and the crypto fundraising is likely to enter a more controlled system like securities. Forks are less popular: The hard-forks trend from past winter is now less popular. However, Ethereum is expecting some future hard forks during January. Bitcoin ETF: So far the SEC had declined all tryouts to approve a Bitcoin-based ETF. However, some analysts hope to see a final approval during the new year. Global Financial Crisis: The stock markets have begun a deep correction that will likely to affect the crypto markets as well. Opinions on the directions are divided to both sides. And lastly to this coming year’s forecast, altcoins such as EOS and Telegram are still in their early-stage development, and many see spotlights on them in 2019. Crypto News Trezor and Ledger Respond to Claims Their Crypto Wallets aren’t Secure. Two of the most secured hardware crypto wallet providers, Trezor and Ledger, have responded to a recent research paper that claimed the companies’ wallets are prone to vulnerabilities. Vitalik Buterin: Bitcoin Is “genuinely Cool Tech,” Bitcoin Sv Is “pure Dumpster Fire.” Ethereum co-founder has once again in his tweet, blasted one of the bitcoin cash hard fork coins, Bitcoin SV, stating that the new cryptocurrency is completely a “pure Dumpster Fire.” Bitcoin Lightning Network Triples Capacity Since November. Lightning Network, a payment solution to the bitcoin scalability problem, has reached a new milestone after exceeding 500 BTC on Dec. 25, 2018, which translates to a 200% growth within the last six weeks. How will the Creation of 2 Million Illegitimate Bitcoin Private (BTCP) Affect the Future of the Bitcoin’s Descendant? Bitcoin private (BTCP), a hardfork coin from Bitcoin and Zclassic, has been caught up in a controversy for creating 2 million additional coins behind closed doors which were part of the project’s white paper. Electrum Wallet Hacked: Over $900K Got Stolen in a Phishing Attack. Cryptocurrency theft continues to be a significant challenge, and the latest is an Electrum wallet hack which led to the loss of more than $900k worth of crypto. Bakkt Completes a Successful $182.5 Million First Funding Round. Bakkt, an ecosystem which aims to bring more institutional investors into the crypto space, has reportedly raised $182.5 Million in its first funding round. Chart Analysis This week we have chart analysis of Bitcoin, Ethereum, Bitcoin Cash and Zcash - Read more here. The post Crypto Market Update Jan.1: New Year, New Hope? An Extended 2019 Market Overview & Forecast appeared first on CryptoPotato.

13 days ago

Bitcoin Private (BTCP) Releases Details About Hard Fork in January

Following the recent controversy surrounding Bitcoin Private (BTCP) and the nearly 2 million fraudulent pre-mined coins, the developers have released the details of a proposed hard fork that will remove all shielded coins in existence, which are the ones involved in the controversy. There are some shielded coins that are legitimate, and the team has suggested those holders unshield those tokens before the hard fork which will occur at block height 455500. They have also set up a fund of 20k coins to reimburse legitimate claims of lost shielded coins after the hard fork is completed. (JF)

19 days ago

Bitcoin Private Now Denies Accusations of Fraud and Calls for a Pause in BTCP Trading

On December 24 Bitcoin Private recognized the authenticity of the allegations launched by CoinMetrics by describing them as “mathematically accurate”. The development team also claimed that no one on the development team has the slightest idea where the extra coins may have gone, even though CoinMetrics already concluded that 300,000 of them have been filtered through exchanges. After conducting what is described as a “full audit” Bitcoin Private concluded that one developer called airk42 is responsible for an error in the code which allowed an unidentified “bad actor” to take advantage of the bug during the establishment of the BTCP blockchain. Bitcoin Private also admits that the bug “went unnoticed by the contribution team until it was uncovered by CoinMetrics.” Bitcoin Private has now formally requested that all exchanges immediately pause deposits and withdrawals of Bitcoin Private. (RS)

23 days ago

Daily Berminal Brief: Bitcoin Lightning Network Capacity Reaches $2 Million, And $16 Billion Wiped Out In Christmas Eve Dump

The State of The Market - December 25, 2018 BTC: $3,813.01 (-8.85%) XRP: $0.377180 (-12.36%) ETH: $128.64 (-12.05%) After days of continuous gains, the crypto market has crashed, losing $16 Billion. The market is still controlled by Bitcoin, which seems to be rangebound between $3,800 and $4,200. Bitcoin is still indecisive at $4,000. When the bulls take over, there is strong resistance at $4,200, and when bears take over, there is strong resistance at $3,800. We might have to wait for a few days before a clear winner emerges. All of the top 50 cryptocurrencies are in red right now. The market still has a long way to go before its November highs. The total market cap is at $128 Billion right now. In other news, the creators of Bitcoin Private have been accused of pre-mining 2 million BTCP for themselves. Bitcoin Private is a combination of Bitcoin and ZClassic. Since the pre-mined BTCPs were stored in a shielded pool, they went undetected. However, BTCP creators are yet to give a satisfactory explanation. Its creator Rhett Creighton said Bitcoin Private suffered "covert inflation attack," and the community can help them fix it. 1) The Bitcoin Lightning Network (LN) has made impressive gains in the face of a brutal year-long bear market. Data from Bitcoin statistics site, Bitcoinvisual.com shows that the capacity of the LN surpassed $2 million on Dec 23 and at the moment the Lightning scaling protocol is capable of handling 496.8 BTC. The number of channels has also skyrocketed over the past two months and currently, there are 14,352 unique channels. Scalability has been a persistent issue for Bitcoin and the LN's second layer payment protocol aspires to solve this issue by using payment channels to execute transactions without recording them on the blockchain until the channel is closed. 2) Monarch Blockchain Corp. has announced the upcoming launch of a marketplace payment solution MonarchPay. MonarchPay will support the integration of cryptocurrencies as a payment method. Per the announcement, its unique feature is that users can purchase and sell cryptocurrencies while controlling their private keys, contrary to the norm. Initially, MonarchPay will allow the buying and selling of Ethereum before supporting XLM, BTC, and XRP in the future. Other features which will be available on the Monarch app are a transaction history, management of accounts, and portfolio tracking among others. 3) The latest version of BlueWallet enables transactions on Bitcoin's lightning network. BlueWallet is an open-source bitcoin wallet for iOS and Android. Users can make transactions without the complexity of running a lightning node. BlueWallet also supports SegWit and multiple wallet standards. Lightning network is currently the best solution to scale the bitcoin network. It enables almost instant transactions with incredibly low fees. (VS)

23 days ago

Bitcoin Private Premine Blamed On Bug Exploit

While most of the market is on its way to recovery, one cryptocurrency is still struggling. Bitcoin Private (BTCP), an anonymity-protecting protocol which launched last March, is battling against allegations that developers may have secretly premined two million coins, giving themselves control of nearly ten percent of the total supply. The extra coins were first […]

24 days ago

Report Finds Over $3 Million of Altcoin Bitcoin Private Covertly Premined

About $3.672 million of Bitcoin Private (over two million BTCP) have allegedly been secretly coined while importing Bitcoin chain data, a report shows

24 days ago

Bitcoin Private Founders Pre-Mined 2 Million BTCP

The creators of Bitcoin Private have been accused of pre-mining 2 million BTCP for themselves. Bitcoin Private is a combination of Bitcoin and ZClassic. Since the pre-mined BTCPs were stored in a shielded pool, they went undetected. However, BTCP creators are yet to give a satisfactory explanation. Its creator Rhett Creighton said Bitcoin Private suffered “covert inflation attack,” and the community can help them fix it. Bitcoin Private (BTCP) is priced at $2.00, losing 16.57% in the last 24 hours. (VS)

24 days ago

Bitcoin Private (BTCP)…Privately Pre-Mined 2 Million Coins for Its Founders

The creator of altcoin Bitcoin Private (BTCP) was battling accusations his project was a “scam” December 24 after an investigation revealed over 2 million ‘secret’ coins. Coinmetrics: There Are 2.04M ‘Extra’ BTCP BTCP , a so-called “fork merge” of the Bitcoin and ZClassic blockchains, fell 20 percent after research group Coinmetrics published the information Sunday. After analyzing the BTCP...

24 days ago

Be sure to checkout an interview with Michael from ...

Be sure to checkout an interview with Michael from https://t.co/aVZUgAp0pW and the BTCP Marketing Committee, where… https://t.co/HkA9yFVNwI

a month ago

Warning ! Please be careful if trying to claim #BTC forks !!...

Warning ! Please be careful if trying to claim #BTC forks !!! BTCP electrum is compromised !! (ancient thread - bu… https://t.co/IisDJtpqO0

a month ago

Daily Berminal Brief: Crypto Market Maintains Recent Gains

The overall cryptocurrency market has managed to maintain the gains it experienced the last couple days, with the total market cap currently sitting at a value of $137 billion. At the time of writing, Bitcoin (BTC) is trading at $4,252, an increase of 0.36% on the 24-hour chart, while XRP is down nearly 3% and trading at $0.377. Out of the top 100 coins, the best performing coin over the past 24-hours has been Bitcoin Private (BTCP), up 40.75% and trading at $3.20. (JF)

2 months ago

Daily Cryptocurrency News - 28th November 2018

Here are the most important cryptocurrency news of 28th November 2018: Switzerland’s ETP Had Great Results So Far Earlier this month, Bitcoin’s first ETP went live under the $HODL ticker on SIX Exchange - Europe’s 4th biggest traditional stock exchange. Only one week after its launch - and the ETF have the biggest turnover on the exchange so far. The fund introduced by Amun covered 5 important cryptocurrencies :Bitcoin, Ethereum, Ripple, Bitcoin Cash and Litecoin. The Amun ETP which closed on November 26th hit an amazing $425,000 daily turnover, beating several commodity products in crude oil, gold or silver. The high number of trading volume is a sign of interested investors and are possible great news for Bitcoin’ VanEck ETF. Even if the ETF was created for the 4th biggest exchange in Europe, the volume here is pretty low. The SPDR Gold Shares ETF have a daily volume of $987 Millions in US, according to etf.com. The ETF started with a value of 15.74 and reached a bottom one of 12.40. The price however started increasing after the bottom was touched and the last trade war for 14.21 - a 12.81% increase.For more details about this ETF, you can check’s Amun Crypto Basket Index ETP. Nasdaq & VanEck Working Together To Create ‘Crypto 2.0’ Futures Contracts VanEck - an investment management firm & the company that still have their Bitcoin ETF in pending from SEC - announced yesterday a partnership with Nasdaq. The news firstly appeared on Coindesk Consensus: Invest conference - where Gabor Gurbacs, VanEck’s director of digital asset strategy, announced a ‘regulated crypto 2.0 futures-type contracts’. “What I’d like to point out is we ran a few extra miles working with the [Commodity Futures Trading Commission] to bring about new standards for custody and surveillance,” Asked a bit more about the futures contracts, Gurbacs declared for CoinDesk that the new ones would be an ”upgrade” of the ones that we have now. More exactly, he plan to use the Nasdaq’s stock market surveillance system called SMARTS and ‘the trusted pricing benchmarks provided by MVIS’.The main reason why he thought this would be necessary is to “inspire confidence with regulators and institutions trying to get involved [in the crypto markets],” SMARTS is a software with hundreds of detection algorithms especially created for people that like to wash trade or spoofing the market. This would allow another type of Bitcoin Futures to be live and to work ‘ in a fair and orderly fashion’. Gurbacs also predicts that 2019 will be an interesting year for cryptocurrencies, claiming that: “We believe that 2018 was the year of regulation and 2019 will be the year of implementation.” Market Recovers Over 10 Billion In Under 24 Hours As it appears, the war for the BCH supremacy is over and so are the ‘deadly’ drops in price. After one week of Black Friday - Bitcoin finally reached a value above $4,000. Right now, the Bitcoin’s price is $4,343 on Binance and $4,379 on Bitfinex. The lowest rate until now was $3,500 on November 25th. It also decreased even more in price on exchanges with less liquidity. The Bitcoin volume for the last 24 hours is an amazing $7.2 Billion while the cryptocurrency total market capitalization have a total of $141 Million. At the moment of writing, all the top 10 cryptocurrencies are ‘green’ - except Bitcoin SV. After reaching an amazing $120 per BSV yesterday, the new cryptocurrency created by Craig Wright lost over $20 and is now trading at $95.56. Stellat Lumens (XLM) also gained 17.48% in price, securing its #5 spot from EOS. Ripple gained a 14% too, and its now half a cent away from $0.4 range. Ethereum gained 16% - more than XRP but not enough to gain the second place. Right now, Ethereum is still behind Ripple (XRP) with a $3.1 Billion difference in market cap between them. Ethereum, currently have a $123.58 price, a 22% increase since its November value. Today’s Top 100 Best Five Performers Verge (XVG) had a great bull run today growing from 153 Satoshi to 196 Satoshi at its peak. In USD - the value increased from $0.005738 to $0.008377. This equals to a 24.85% increase in BTC value as well as a 43.38% increase in USD value. Another privacy coin was the second best performer today - Bitcoin Private (BTCP). BTCP increased with 41.38% in value since 24 hours ago and with 22.46% in BTC value. Surprisingly, the volume today was $270,000 - almost twice the average volume for the last 30 days. This may be a sign that the BTCP being available on Changelly and ChangeHero brought new investors to this privacy focused cryptocurrency. The 3rd best performing one - Tron (TRX). Tron’s increase from $0.0116 to $0.0156 didn’t came as a surprise, as BitTorrent and uTorrent started accepting TRX, BTC and BNB yesterday. In terms of BTC value, TRX grew from 311 Satoshi to a current trading price of 352 Satoshi. This makes Tron have a 31.50% increase in USD and a 13.70% in BTC. Tron’s price also give signs for a possible bull run. Resista

2 months ago

Bitcoin Private Advances 17% amid Progress with Its Rebase Testnet

Investors may not be buying BTC at the moment, but they are showing interest in the privacy version of the coin. Bitcoin Private (BTCP), which has a market cap of $34 million, has advanced approximately 17% in the last 24 hours to $1.67 on modest volume. Bitcoin Private developers recently launched the Testnet UI for Rebase, which has proven popular with the community and for which fixes are currently being deployed. Bitcoin Private does not yet have a release date for Rebase, but more details could unfold in the coming weeks. Bitcoin private is exploring “z-address wallet methods, meaning we’ll bring in the latest zk-SNARKs tech from ZCash and also include Sapling,” according to the latest blog post. (GT)

2 months ago

Mining Pool Threatens To Kill Bitcoin Gold, Bitcoin Diamond, and Bitcoin Private

Prominent Bitcoin Cash startup CashPay Solutions has launched SharkPool with the goal of killing other cryptocurrencies. It tweeted that it will attack altcoins that it believes does not fulfill Satoshi Nakamoto’s original vision. SharkPool will mine empty blocks on Bitcoin Diamond (BCD), Bitcoin Gold (BTG), Bitcoin Private (BTCP), and Bitcoin Interest (BCI). The pool added that all forks and splits are acts of war. Further, it would dump the mining profits for BCH to create selling pressure in the market. (VS)

2 months ago

Most Talked About Cryptocurrencies Of October 2018

Some altcoins have performed well this past month despite the price of leading digital currencies such as Bitcoin and Ethereum’s value remaining stagnant. The stablecoin Tether, for example, has been widely adopted to some point by the crypto community, to them, it is the digital version of the dollar. It was the second most heavily traded cryptocurrency in the market as stated by the CoinMarketCap, after the leading cryptocurrency, Bitcoin and since the start of the month, a lot of people have been jittery about it, adopting its use heavily. But things took a downturn when it failed to hold onto its dollar peg, a problem that has been associated to the coin before now which leads lots of people to believe that Tether was dying, in turn, causing bank runs. So as Tether fell, the average prices of Bitcoin and other cryptocurrencies shut up. Ripple also followed the same path, the digital token which was among the best cryptocurrencies last month failed to sustain that progress this month as it recorded a 24% monthly loss as well as 8% decrease in price. Things changed as the XRP recorded one of the fastest price recoveries rising to 16% within a seven-hour trading window making the volume of the coin to swell from a $400 million mark to a $900 million mark. Asides that, the coin received another major push during the middle of this month when traders started swapping their Tether tokens for other crypto assets which saw the coin surge to a 10% increase that day. The price went low and continued on that trend. The Tron (TRX) token has also seen a price stagnancy with its value failing to rise above the $0.03 level. This month the coin succeeded in displacing a leading digital token, Ethereum by surpassing it in daily transactions, this was as a result of the launch of the first large-scale distributed app on its network. The increase transactions on its network continued even recording a peak of 630,018 transactions in mid-October. Now the Tron network has thousands of registered accounts even though the network seems to have shelved aside hopes for a year-end increase. After the Venezuelans president declared that the country’s Oil backed cryptocurrency, Petro will be used both for local and international commercial transactions at the start of the month, a lot of Venezuelans have hugely adopted its use because they find it a better financial option when compared to the country’s currency, Bolivar. Though the coin does not currently trade on any of the major global crypto exchanges, it could be purchased for fiat, either in Yuan, Euro or the U.S Dollars and also in exchange for certain cryptocurrencies like the BTC and LTC. The Bitcoin Private cryptocurrency isn’t left out; it traded up 16.59% against the U.S Dollar. The market cap for BTCP is now $60,185,596 with one of it been currently purchased for about $2.93 or 0.000445480BTC on major cryptocurrency exchanges. The post Most Talked About Cryptocurrencies Of October 2018 appeared first on ZyCrypto.

3 months ago

Hacker Performs 51% Attack On Bitcoin Private And Livestreams It

An ethical hacker who goes by the name "Geocold" promised to attack an altcoin today and settled for Bitcoin Private. Bitcoin Private has a market cap of just $51 Million. While his hack was successful, his livestream wasn't. He was banned from two different platforms before he eventually gave up. However, he got control of nearly $70% of Bitcoin Private's network and was about to fork it. Bitcoin Private (BTCP) is priced at $2.49, gaining 1.61% in the last 24 hours. (VS)

3 months ago

Hacker Livestreams 51% Attack on Bitcoin Private

On Oct. 13, ethical hacker “Geocold” followed through on his promise to 51 percent attack an altcoin. He eventually settled on Bitcoin Private (BTCP), and quickly gained majority hashrate control, but the spectacle was fraught with setbacks, including censorship from two streaming services that pulled the plug. Also read: Mischief-Maker Promises to Livestream a 51% Altcoin Attack Censorship, Denial of Service and Revenge Attacks - and That Was Just for Starters Geocold promised he would 51 percent attack an altcoin to prove how easy it was, and he did, but the attempt did not run as smoothly as he might have hoped. Over 750 viewers were tuned in, and the likes of Jackson Palmer live-tweeting the spectacle, when Twitch suddenly pulled the plug. Cam-whores and other performance artists can broadcast their ‘art’ to the masses, it would appear, but 51-percenting altcoins is a step too far. Geocold shows off his BTCP hashpower One of the unexpected lessons derived from Geocold’s session was on the dangers of censorship on an internet when a ‘Report’ button is never more than a few pixels away. Despite the ethical hacker having no intention of attempting to double spend coins, such as by depositing them into an exchange wallet and swapping them for BTC, the streaming provider pulled the plug, presumably in response to members of the Bitcoin Private community reporting his channel. “Anyone own/work for a streaming platform and can ensure report spamming doesn’t work for my stream?” he asked Twitter. “If I find such a solution I’ll stream again. If not I might do a surprise stream. If not I’ll just post a video.” I have to say, it is very interesting to be sitting around on a Saturday afternoon watching someone demo-ing a 51% attack while other people attack his IP addresses. Very crypto and 2018. — Jackson Palmer (@ummjackson) October 13, 2018 When Geocold returned on Stream.me half an hour later, he lasted a little over 15 minutes before the same thing happened. Thankfully, by this time he had done enough to demonstrate his attack in action. When the second stream died, Geocold had majority hashrate and was merrily mining BTCP blocks. Geocold, shortly before Twitch banned him A Mischief-Maker on a Mission Geocold, who incorporated the “mischief-maker” epithet into his Twitter name in response to last week’s post from news.Bitcoin.com, had intended to 51 percent attack Einsteinium (EMC2). When the time came to perform the feat on Saturday, Oct. 13, however, he discovered that its hashrate had soared 15-fold to 1.4 TH/s. Given a week’s notice, the EMC2 community had thwarted the attack by acquiring huge amounts of hashpower. Geocold had anticipated this, and swiftly moved on to one of the alternative alts he had lined up as part of his contingency plan. Einsteinium‘s hashrate had soared in advance of the attack Bitcoin Private was selected and the benign hacker connected to a BTCP mining pool, using a couple of hundred dollars’ worth of rented hashpower he’d purchased from Nicehash with BTC. Shortly after finding his first block, however, Geocold came unstuck as members of the Bitcoin Private community fought back, possibly after he’d accidentally leaked his IP address while live-streaming. An http flood to the web UI of Geocold’s mining pool knocked him offline, prompting a reboot plus a move to a different streamer once Twitch swung the banhammer. At the second attempt, Geocold dominated BTCP’s hashrate, producing a steady 10 MSol/s versus the rest of the network’s 6 MSol/s. He soon began to create the longest chain of blocks, and, had he persisted, could have forked the BTCP chain. In the event, the second stream died, and Geocold elected to wind things down and save some tricks for next time. The evening started as an exercise on the ease of controlling low hashrate PoW coins and ended as a demonstration of the need for censorship-resistant platforms. Update on the stream. Got banned from two streaming platforms fairly quickly. I'm going to try to find a platform where I can be assured report spamming won't work. If not I'll just post a video on youtube. But attack wise: We got ~70% of BTCP's network and I was about to fork it — GeoCold "Mischief-Maker" (@geocold51) October 13, 2018 Do you think 51 percent attacking altcoins is a good spectator sport? Let us know in the comments section below. Images courtesy of Shutterstock, Twitch, Coinwarz.com, and Twitter. Need to calculate your bitcoin holdings? Check our tools section. The post Hacker Livestreams 51% Attack on Bitcoin Private appeared first on Bitcoin News.

3 months ago

Binance Delists Bytecoin, ChatCoin, Triggers, and Iconomi Cryptocurrencies

Binance, the world’s largest cryptocurrency exchange (in market volume) has announced on Oct. 9 that it will delist Bytecoin (BCN), ChatCoin (CHAT), Iconomi (ICN), and Triggers (TRIG) from its platform. Binance’s Reasons for Delisting Digital Currencies According to the press release, Binance conducts comprehensive and periodic reviews to ensure that listed cryptocurrencies on its platform maintain a high standard of quality. In case a digital asset fails to meet the criteria, Binance performs additional review to potentially delist it. The company has outlined that the delisting of a cryptocurrency is decided by the following factors: “Commitment of team to project Quality and level of development activity Network/smart contract stability Level of public communication and activity Responsiveness to our periodic due diligence Evidence of unethical/fraudulent conduct Contribution to a healthy and sustainable crypto ecosystem.” Binance has set the day of delisting BCN, CHAT, ICN, and TRIG at 2018/10/12 10:00 AM (UTC) on all the available trading pairs. However, withdrawals will remain open until 2018/11/12 10:00 AM (UTC). The Bytecoin Pump and Dump Jonha Richman, PR & marketing advisor for Blockchain companies, told [blokt] that: “Binance only has the best interest of its users as coins and projects that do not necessarily have enough interest (as proven in form of volume) will no longer be included in its platform. By doing so, it will make way for more interesting and possibly more appealing coins for its users and investors to potentially invest in. Such practice is not exclusive for Binance and other exchanges such as Bittrex is also delisting a few coins including: Bitshares (BTS), Bitcoin Gold (BTG), and Bitcoin Private (BTCP)” Bytecoin, the most notable cryptocurrency of the ones to be delisted, saw a significant price increase (166%) in just a few hours after its listing on Binance last May. Experts then raised red flags about this listing, citing Monero, a cryptocurrency hard forked from BCN, whose team said that Bytecoin was highly centralized as 82 percent of its coins were premined and owned by its developers. Moreover, 693 million BCN coins were reportedly created out of thin air to compensate Binance for listing Bytecoin. The freezing of BCN on all platforms that followed raised a widespread belief that Bytecoin and Binance were involved in what was then called “the most sophisticated pump and dump ever.” Controversy Across the Community While Binance announced just yesterday that fees from future coin listings would be donated to charitable activities, today’s delisting announcement has raised skepticism across the crypto community about its credibility. Binance said that the disclosure of the coin delisting factors aims to ensure public transparency. A large part of the community embraced the decision of Binance as BCN, CHAT, ICN, and TRIG have not proved their value so far. However, numerous people said that the exchange should also demonstrate the same transparency prior to listing a new coin, a practice that Binance hasn’t followed up to date. Others said that because Binance’s delisting decision has the power to manipulate the market as people run to dump their coins, the exchange should conduct better due diligence before classifying a digital asset as worthless, like in the case of ChatCoin, which was added on Binance earlier this year. At the time of writing, Bytecoin is losing 20% of its value and is currently trading at $0.001781. ChatCoin plummets by 22% ($0.017494), Iconomi drops by 9% ($0.361727), while Triggers experiences losses of 39%, trading at $0.190701. Binance Delists Bytecoin, ChatCoin, Triggers, and Iconomi Cryptocurrencies was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

3 months ago

After the recent rebranding from ZelTrez, ZelCore Mobile Wal...

After the recent rebranding from ZelTrez, ZelCore Mobile Wallet is now RELEASED with support for BTCP on both Mobil... https://t.co/OnwvflkbUR...

4 months ago

See the link below for BTCP Core team member @CryptoJake22’s...

See the link below for BTCP Core team member @CryptoJake22’s in-depth interview with @SethEstrada focusing on rebas... https://t.co/hgjPmhd67u...

4 months ago

John McAfee's Crypto Predictions Compared With Reality

John McAfee, a popular Crypto influencer on Twitter tweeted out his price predictions for multiple cryptocurrencies early this year. He said Bitcoin would cross $15,000 by the end of June which never happened. For July, he said Golem would pass $5, Docademic $0.73, Bezop $0.52, Bitcoin Private $200, and EOS $32. In reality, none of his predictions are even near the actual pricing. Some cryptocurrencies like Bitcoin Private would have to to go up by 4,000% to meet his prediction. McAfee has been accused of pumping coins in the past for personal gains. (VS)

6 months ago

Bitcoin Private (BTCP) WooCommerce Plugin Approved by Wordpress

The Bitcoin Private team took to their Twitter account to officially announce their WooCommerce plugin: “The WooCommerce plugin has been approved and is available at https://wordpress.org/plugins/btcp-pay-for-woocommerce/ … A big thank you to @wordpressdotcom for taking the time to help us get this ready in time for the BTCP Pay launch!” (JF)

6 months ago

Leading Crypto ATM Maker General Bytes Adds Support for Bitcoin Private (BTCP)

Cryptocurrency ATM maker General Bytes has released an update supporting the integration of Bitcoin Private (BTCP), a bitcoin and ZClassic fork merge. Any ATM provider possessing a machine manufactured by General Bytes can facilitate the buying and selling of BTCP at the machines, according to a tweet by Bitcoin Private. Bitcoin Private is currently trading lower by 8%. (GT)

6 months ago

I'm going to startup an Exchange with BTCP as main trading pair

I would like to come in contact with the dev people and investors to realize this in 4 weeks. Planning to add 50 Major coins with BTCP as main trading pair. I'm an C/C++ Full stack developer and also know PHP/Jscript with access to an entire Datacenter.. Who wants to help. Need PR/Investors. I have an entire team of developers. For Early investors, please PM me. ================================================ UPDATE 06 April 2018 ================================================ Currently we made an list with the first trading pairs we want to implement. If anybody has experience with Implementing the wallets of the following currency's please let me know if you have some time left in the coming weeks. -BTCP/BTC -BTCP/ETH -BTCP/LTC -BTCP/USDT -BTCP/IOTA -BTCP/ZCL -BTCP/REDD -BTCP/TRON -BTCP/XVG -BTCP/NEO -BTCP/DOGE -BTCP/UNIT -BTCP/XRP -BTCP/XVG More information will be added! Development Donation Address: BTCP: b1CF8H4W6n4fT7DfBSUWDA5MN8NFPmDsDY6 ...

9 months ago

Nanex has finally reached over $1,000,000 in trading volume. Thank you, Nano community.

Following the listing of BTCP, our volume has gone up to over $1,000,000 USD in just 12 hours and is not slowing down. While BTCP was the catalyst, it's not just BTCP volume. Volume is up across all markets, especially BTC/NANO where we're seeing $500,000+ volume alone. Despite the sudden massive increase in traffic and trading activity, Nanex's system is holding strong. I just wanted to say thanks to everyone for believing in us. Nanex was always a community project and I'm just happy that we're in a position to really serve the Nano community now that we have a decent amount of volume. <3...

10 months ago

NanEx List Bitcoin Private!

One of the coolest exchanges on the internet just listed Bitcoin Private. Buy some cheap BTCP here now! https://nanex.co/exchange/BTCPNANO...

10 months ago

I'm ashamed of this reddit community

I'm a firm believer in the BTCP team and project... but this reddit community makes me completely ashamed of being a bag holder. I'm not worried about the team, the coin or acceptability of exchanges.. I'm worried about the imbeciles that I invested with and the harm they will cause by creating panic and false hype. If you believe in this coin, keep your mouth quiet at let the devs YOU decided to support do their jobs. I guarantee if you all just calm yourselves, this coin can reach great heights. Quit scaring people away from this community with your greed....

10 months ago

Gauging community interest in being listed on Nanex

Hi BTCP community, I'm Jay. I'm the CEO and lead developer of Nanex (https://nanex.co/), an exchange that is extremely well known in the Nano community that approaches the exchanging of digital assets differently, namely having Nano being the base pair instead of Bitcoin. We've been getting a lot of suggestions for other coins to add and BTCP stuck out to me. Normally I'm heavily wary of adding new Bitcoin forks, but this project seems like it may have some promise and many in the Nano community have expressed support for the idea and this project. I'm already working on getting in touch with the developers, but the developers can't tell me something the community can: whether or not this is even wanted. I won't list something if there isn't a desire for it. I believe that the Nano community has a lot of interest in this project being that it is a privacy coin, and it could be a very good pair. I won't lie to you and say we're a huge exchange or that we have a ton of volume. We aren't there yet, and we only launched a little over a month ago (with many months of development before then being followed closely by the Nano community - we were formerly known as RaiExchange). However, we have over 15,000 customers already, with ~150 new registrations per day. We're looking to adopt new cryptocurrencies with promising tech, and hope that they can also in turn adopt us. A case in point was Garlicoin: joke/meme coin that it may be, they had a large community of friendly people new to crypto but no good exchanges. Much like BTCP, the only thing they had was TradeSatoshi. We listed them, and we've been doing anywhere from 25%-50% of their total volume and we've introduced tons of people new to crypto to trading and exchanging - despite the fact that they are paired with NANO and not BTC. Our customers love our exchange, whether they're brand new to crypto or if they're experienced traders. To save you some time, here's some important points about Nanex: * We operate on a maker-taker fee schedule. Maker orders are free, and taker orders only pay a 0.2% fee. * Our withdrawal fees are generally the lowest in the industry. * We have the fastest exchange UI around, owing mainly to our single-page app user interface. Mobile support will be coming soon. * We have over 15,000 registered users and get 100-200 new registrations per day. * For those who care greatly about security (which I'm sure is many of you, considering this is a private coin), we're one of the only exchanges that supports U2F two-factor authentication. This means you can secure your account with a YubiKey, Trezor, or Ledger. This is just one of many other security considerations we've taken that many exchanges do not. * Withdrawal and deposit processing is a top concern of ours. Our nano wallet processes transactions in two seconds or less, and every other coin is always within 5 minutes. * Much like Binance, our entire system was built from the ground up for scalability and reliability. No matter how much load we get hit with, our system can handle it. It's too much to talk about in here, so if you're interested you can read some of my threads I've posted in the nano subreddit. * We currently list BTC, Ethereum, Litecoin, and Garlicoin (all paired with NANO) I'd love to hear all of your thoughts....

10 months ago

Focus on adoption, not price.

I get it - a lot of us are concerned about the value of BTCP. Most of us bought an overly inflated ZCL as an investment and are eager for it to pay off. However, the price you see on exchanges right now is a bad estimate of the true value due to the low volumes. What we need to focus on is further adoption by the crypto community at large. If someone hears about Bitcoin Private and comes to this sub to find a full front page of posts whining about price, it makes BTCP look like a shitcoin with a community trying to manipulate the value. Let's focus on posts discussing technical merit, why you believe BTCP is a better privacy coin, etc. Be patient and let the price settle where it will over the next few months....

10 months ago

Bitcoin Private Post-Fork March Sprint

Thanks to the relentless dedication and commitment of the contribution team, the Bitcoin Private mainnet launch is strong and stable. This was a very long and hard fought week for the team and we are incredibly grateful for the continued feedback and support from our community members. In continuing on with the roll out of our mainnet, we still have plenty we are actively working on and would like to present to our community everything that is on our plate for this month, on a more short-term standpoint. 1) Work on hardware wallet support 2) Work with Bittrex/KuCoin to credit ZCL/BTC holders 3) Work with HitBTC/TradeSatoshi to complete listing of BTCP 4) Work on implementing full SegWit support 5) Continued work and testing of BTCP Electrum 6) Work with other exchanges to make BTCP more accessible 7) Improve the UX for Fullnode/Electrum 'zcl/btc->btcp' features 8) Improve initial block download / node sync times 9) Work with CoinMarketCap and other related websites to integrate BTCP 10) Implement a periodic community update framework 11) Further develop and release a medium-longterm Bitcoin Private product strategy roadmap We are excited to further organize and streamline our operations over the next several weeks to optimize for maximum effectiveness and efficiency. The first periodic community update is scheduled for this Tuesday evening. The purpose of this update is to establish a long-term, frequent and transparent cadence of informing our community of progress as we continue to build on our mission of Bitcoin Private....

10 months ago


News courtesy of berminal.com
Enjoying our data? We have spent over 4000 hours on Platform Development and Coin Research. Donations are welcome!
Trading and investing in digital assets is highly speculative and comes with many risks. The analysis / stats on CoinCheckup.com are for informational purposes and should not be considered investment advice. Statements and financial information on CoinCheckup.com should not be construed as an endorsement or recommendation to buy, sell or hold. Please do your own research on all of your investments carefully. Scores are based on common sense Formulas that we personally use to analyse crypto coins & tokens. We'll open source these formulas soon. Past performance is not necessarily indicative of future results. Read the full disclaimer here.
Dark Theme   Light Theme
1