Primas PST

$0.0944
Market Cap $ 4.973 MM (#417)
24h Volume $ 953.015 K
Chg. 24h: 14.86%
Algo. score 3.4/5  (#259)
Show Quick Stats

Primas News

Only 1 Hour away until our event kicks off! 🥳 Lookout for a...

Only 1 Hour away until our event kicks off! 🥳 Lookout for a Live Broadcast link of the event closer to 6 PM PST Y… https://t.co/QqikMp1lRP

5 hours ago

12 Days of Coinbase Initiative will see Company Make Daily Product Revelations

Coinbase has announced an initiative that will see the company make an important announcement for the next 12 days leading up to the holidays. According to a purpose-built “12 Days of Coinbase” web page, every day at noon (PST), Coinbase will reveal an assortment of surprises like support for a new cryptocurrency or new platform features. The first announcement from Coinbase was a new program called WeGift. The program allows users to buy e-gift cards with cryptocurrencies from a handful of well-known companies, including Nike and Uber. Previously, the program was only available in the UK and EU but it has now been launched in the United States. (RS)

7 hours ago

Nearing the end of our time in #Korea, today we met with Blo...

Nearing the end of our time in #Korea, today we met with Blockcrafters to discuss positioning Primas in Korea. So… https://t.co/OMiIjvuStc

7 days ago

ICYMI: Tomorrow the 4th of December at 1PM PST Dr. Ben Goert...

ICYMI: Tomorrow the 4th of December at 1PM PST Dr. Ben Goertzel (@bengoertzel) will be at the Joe Rogan Experience… https://t.co/cH2ePuvD7h

8 days ago

TRON Announces Accelerator Plan, $1 Million Prize Pool for Dapp Developers

The Tron Foundation announced on Dec. 2nd that it wants to continue fostering innovation in the blockchain industry by announcing an Accelerator plan in which participants have a chance to win a total of $1 million. In this contest, developers are tasked with building decentralized apps (Dapps) on Tron’s blockchain protocol. The accelerator plan also aims to attract more developers to the Tron ecosystem and make it bigger than its peers. Tron Contest and Awards The online contest was opened to developers on Dec. 1st, 2018, and will run until midnight Jan. 4th, 2019 (PST). A dedicated website, www.tronaccelarator.io was set up to allow participants to submit their work which will be reviewed by a committee of judges starting Jan. 5th next year. The $1 million at stake will be split over 56 awards with the first prize winner taking home $200,000. The second and third prize winners are entitled to $100,000 and $50,000 respectively. Eight special prize winners will each pocket $30,000 and $240,000 will be dedicated to this group of winners. 42 finalists will each walk away with $5,000. The winners of the competition will be announced at Tron’s inaugural summit - the niTRON summit to be held in San Francisco, USA. Tron Is Gaining Ground Tron is one of the most active blockchain protocols recently reaching 2,000,000 transactions and 700,000 registered accounts. Justin Sun highlighted this in a tweet: Today #TRON is writing #blockchain history with over 2,000,000 transactions and 700,000 accounts registered! This is just the beginning, more exciting news during #niTROn2019! Re-tweet and win a pass for the best Blockchain event of 2019. I will randomly pick 10 winners! — Justin Sun (@justinsuntron) December 2, 2018 In its recent Dapp activity weekly activity report, Tron noted that the number of transactions on its network had increased by 11 percent in the week. Tron further claimed that Ethereum and EOS developers are also moving are migrating to its blockchain protocol. To further the adoption of its blockchain platform, Tron recently announced Tron Arcade, a $100 million investment fund to support the development of blockchain games over the next three years. According to the announcement, Tron wants to “Empower developers to create and execute on their ideas, to introduce new games and content into an autonomous ecosystem, and to build a strong community of content and entertainment.” TRON Announces Accelerator Plan, $1 Million Prize Pool for Dapp Developers was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

8 days ago

JOE ROGAN HERE WE COME! Thanks to the community, on the 4th ...

JOE ROGAN HERE WE COME! Thanks to the community, on the 4th of Dec at 1PM PST, our CEO Dr. Ben Goertzel will be on… https://t.co/Kb4n6a2vn0

8 days ago

Zcash (ZEC) Launches on Coinbase Pro: Ramping-Up Listings

Today, Coinbase is adding the popular privacy coin Zcash (ZEC) to its cryptocurrency exchange service for professional traders. Starting at 10 am PST (18:00 UTC), Coinbase Pro users will be able to start transferring Zcash into their accounts. Zcash is one of the most popular privacy coins. Zcash’s unique technology zk-SNARKs, allows users to send […]

11 days ago

Breaking: Coinbase Pro Adds ZCash, ZEC Surges 15%

Coinbase Continues To Add Tokens, ZCash Next In an announcement made on Thursday morning, it has become apparent that Coinbase Pro, the startup’s professional trading platform, is launching support ZCash (ZEC), one of this nascent market’s foremost privacy coins. ZEC is launching on Coinbase Pro. Starting at 10am PT, customers can transfer ZEC into their Coinbase Pro account. Traders can deposit ZEC, but cannot place or fill orders. Order books will remain in transfer-only mode for at least 12 hours. https://t.co/5nADybxqKk — Coinbase Pro (@CoinbasePro) November 29, 2018 Per the release on the matter, starting 10am PST on Thursday, Coinbase Pro will begin to accept inbound (deposit) transfers of ZEC tokens. ZCash Deposits will reportedly be enabled for a minimum of 12 hours before ZEC trading goes live. Initially, Coinbase intends to launch ZEC trading for its USDC pair, but will only do so once “sufficient liquidity is established.” For now, presumably due to regulatory constraints, ZCash deposit, withdrawals, and trades will be activated for Coinbase clients in U.S. (New York state excluded), E.U., the United Kingdom, Canada, Singapore, and Australia. Other supported jursidiction may be added at a later date, pending regulatory green lights and other support statements. Like Coinbase Pro’s other recent listings, such as Ethereum Classic (ETC), 0x (ZRX), and Basic Attention Token (BAT), ZEC/USDC will be launched through a four-stage process: transfer-only, post-only, limit-only, and full trading. For more details on these stages, please visit Coinbase’s announcement. As of the time of writing, due to the coloquially-dubbed “Coinbase Effect,” ZEC has surged, posting a 15% gain amid a mixed bag market. ZEC is now valued at $92 a pop, with buying pressure continuing to surge into the asset. This is a developing story, so Ethereum World News will be sure to keep you updated! Title Image Courtesy of Marco Verch Via Flickr The post Breaking: Coinbase Pro Adds ZCash, ZEC Surges 15% appeared first on Ethereum World News.

11 days ago

[AMA] We're Authority Node Operators, the coalition of companies decentralizing the Factom Protocol. Ask us anything!

**Authority Node Operators will begin answering questions at 18:00 UTC on November 29th.** **Who We Are** We're a group of 20 of the 26 (eventually 65+) Factom Authority Node Operators (ANOs) who have decided to take part in an AMA. Authority Node Operators are companies that operate the server infrastructure that decentralizes the Factom protocol. We are also charged with, "Furthering the Protocol" in whatever ways we choose. In return for our services, we earn 1,123 FCT per server, per month, minus "efficiency". If we don't do a good job, our status as an ANO can be removed. Eventually, there will be 65+ Authority Node Operators. **Time** Please begin asking questions immediately. On November 29th at 18:00 UTC (10am PST) ANOs will begin answering questions and the community can continue to ask questions. On December 1st at 23:59 UTC the AMA officially ends but the community and ANOs are welcome to continue to engage each other within the thread. **Authority Node Operators** The following ANOs have agreed to take part in this AMA (it's purely optional). You will know a username has been validated as it will have flair of the ANO after their name. Authority Node Operator | Usernames | Team | Website | Twitter | ---|---|----|----|----| Bedrock Solutions | Bedrocksolutions | [Team](https://factomize.com/forums/major-contributors/ano/bedrock-solutions/)| - | - Blockchain Innovation Foundation (BIF) | BlockchainInnovation | [Team](https://factomize.com/forums/major-contributors/ano/bi-foundation/) | [Website](https://blockchain-innovation.org/) | [Twitter](https://twitter.com/St_BIF) Blockrock Mining | Siverpro, Laende | [Team](https://factomize.com/forums/major-contributors/ano/blockrock-mining/) |[Website](https://www.blockrock.no/) | - Building Innovation Management (BIM) | BenJ | [Team](https://factomize.com/forums/major-contributors/ano/buildingim/) |[Website](http://buildingim.co.uk/) | [Twitter](https://twitter.com/BuildingIMLtd) Canonical Ledgers | Canonical-ledgers | [Team](https://factomize.com/forums/major-contributors/ano/canonical-ledgers/) |[Website](http://canonical-ledgers.com/)| [Twitter](https://twitter.com/CLedgers) Crypto Vikings | Crypto_Vikings | [Team](https://factomize.com/forums/major-contributors/ano/crypto-vikings/) | [Website](https://cryptovikings.no) | [Twitter](https://twitter.com/vikings_crypto) Cube3 | Cube3mike Cube3tom | [Team](https://factomize.com/forums/major-contributors/ano/cube3/) | - | [Twitter](https://twitter.com/Cube3Tech) DBGrow | DBGrow | [Team](https://factomize.com/forums/major-contributors/ano/dbgrow/) | [Website](https://dbgrow.com/) | [Twitter](https://twitter.com/db_grow) DeFacto | Ilzheev | [Team](https://factomize.com/forums/major-contributors/ano/de-facto/) |[Website](https://de-facto.pro/) | [Twitter](https://twitter.com/defacto_team) Factom Inc | PaulSnow, BrianDeery | [Team](https://factomize.com/forums/major-contributors/ano/factom-inc/) |[Website](https://www.factom.com/) | [Twitter](https://twitter.com/factom) | Factomatic | Factomatic | [Team](https://factomize.com/forums/major-contributors/ano/factomatic/) |[Website](https://factomatic.io/) | [Twitter](https://twitter.com/Factomatic1) | Factomize | DChapman77 | [Team](https://factomize.com/forums/major-contributors/ano/factomize/) |[Website](http://www.factomize.com/) | [Twitter](https://twitter.com/factomize) | Factoshi | Factoshi-io |[Team](https://factomize.com/forums/major-contributors/ano/factoshi/) |[Website](https://www.factoshi.io) | [Twitter](https://twitter.com/factoshi) | Federate This | BobbyEK | [Team](https://factomize.com/forums/major-contributors/ano/federate-this/) |[Website](https://off-blocks.com) | [Twitter](https://twitter.com/FederateThis) | HashnStore | Matt_HNS, Zod_HNS | [Team](https://factomize.com/forums/major-contributors/ano/hashnstore/) |[Website](http://hashnstore.com/) | [Twitter](https://twitter.com/HashnStore) | Luciap | Luciap_tech | [Team](https://factomize.com/forums/major-contributors/ano/luciap/) |[Website](https://www.luciap.ca/#/) | [Twitter](https://twitter.com/LuciapTech) Multicoin Capital | Mylessnider | [Team](https://factomize.com/forums/major-contributors/ano/multicoin-capital/) | [Website](https://multicoin.capital/) | [Twitter](https://twitter.com/multicoincap) RewardChain | FactomKiwi | [Team](https://factomize.com/forums/major-contributors/ano/rewardchain/) | [Website](https://rewardchain.co) | - The Factoid Authority | TheFactoidAuthority | [Team](https://factomize.com/forums/major-contributors/ano/the-factoid-authority/) |[Website](https://factoidauthority.com) |[Twitter](https://twitter.com/TheFactoidAuth) Veteran Blockchain Investment Firm | Nolan_VBIF | [Team](https://factomize.com/forums/major-contributors/ano/vbif/) | [Website](http://vbif.io/) | [Twitter](https://twitter.com/Nolan_vbif) Additional ANOs may choose to signup up until the answering of questions begins. If a specific ANO is asked a question and does not regis

13 days ago

#Interchain Everything Contest: Give us your suggestions for...

#Interchain Everything Contest: Give us your suggestions for #ProofofStake by 11 pm (PST) today!… https://t.co/rkOmtS9TgC

14 days ago

Our next #AMA #campaign will be a GENERAL one and will start...

Our next #AMA #campaign will be a GENERAL one and will start from 11:00 AM to 1PM PST on November 23, 2018. Join us… https://t.co/w3ig1dZOEi

19 days ago

Kraken and Huobi Assign BCH Ticker to Bitcoin Cash ABC

According to separate announcements from Kraken and Huobi, both exchanges plan to commence Bitcoin SV coin trading on November 18, 2018. The two exchanges also announced their intention to list Bitcoin Cash ABC coins as BCH on their separate exchange platforms. Huobi’s Plans for Post-BCH Hard Fork Huobi announced that Bitcoin Cash ABC would retain the BCH designation, being the longer chain. The exchange also confirmed that the Bitcoin Cash network had created a checkpoint to establish two-way replay protection. According to the announcement, Huobi will distribute Bitcoin SV (BSV) coins to pre-fork BCH holders on a 1 to 1 ratio. The exchange will list the BSV token on November 18, 2018 (GMT +8) and will commence BSV/BTC trading at 21:00 November 18, 2018 (GMT +8). Deposit services will resume at 14:00 November 19, 2018 (GMT+8) for BCH. While for BSV, deposit services will be made available from 15:00 November 20, 2018 (GMT+8). There is, however, no mention of a definite date for the resumption of withdrawal services for the two coins. But Huobi assured its clients that withdrawal services would resume as soon as they can confirm the stability of both blockchains. Kraken’s Plans for Post-BCH Hard Fork Kraken also announced that tokens on the Bitcoin Cash ABC network would be listed as BCH on its exchange platform. The exchange also announced its support of the Bitcoin SV tokens, listing the tokens as Bitcoin SV (BSV). BSV will go live on Kraken at approximately 15:30 PST November 18, 2018. The exchange will distribute BSV tokens to clients and begin trading at that time. Using a snapshot taken at the time the last common block was mined, Kraken will credit clients’ accounts with an amount of BCH and BSV individually equal to their pre-fork BCH holdings. The following trading pairs will be made available: BSV/USD, BSV/BTC and BSV/EUR. However, unlike Huobi, Kraken did not announce a definite date for the resumption of deposit services for both coins. As part of its announcement, Kraken issued a warning to its customers about BSV. Kraken warns that the BSV does not meet its usual listing requirements. Clients are advised to regard it as a high-risk investment. Cryptocurrency Exchanges Adjusting to Life After Bitcoin Cash Hard Fork Ethereum World News earlier reported that Binance had distributed BCHABC and BCHSV tokens to all pre-fork BCH holders on its exchange. The exchange opened trading for BCHABC/BTC, BCHABC/USDT, BCHSV/BTC, and BCHSV/USDT trading pairs at 8:00 AM November 16, 2018 (UTC). Binance also announced that it has removed all Bitcoin Cash balances and delisted all Bitcoin Cash trading pairs. For deposit and withdrawals, Binance, like Kraken is still assessing the stability of the two blockchains. Image courtesy Shutterstock. The post Kraken and Huobi Assign BCH Ticker to Bitcoin Cash ABC appeared first on Ethereum World News.

22 days ago

Great write up! Concise summary of what we at Primas are try...

Great write up! Concise summary of what we at Primas are trying to achieve. #shanghai really is one of the… https://t.co/RzelRXblZQ

22 days ago

Primas Community Manager, Jo was joined in the office today ...

Primas Community Manager, Jo was joined in the office today by a very passionate group from @WPI, #massachusetts… https://t.co/07U6mdecgp

25 days ago

Don't miss today's DApp Digest at 3:00 PST (11:00 pm UTC), w...

Don't miss today's DApp Digest at 3:00 PST (11:00 pm UTC), with Nathan Ginnever. We'll be talking about his game, E… https://t.co/P7Z3XwEvk3

a month ago

Fork Drama Sends Cryptocurrency Markets Spiraling Past Double Digit Losses

The first major contentious Bitcoin hard fork, Bitcoin Cash, which took place just over a year ago, had a massive positive impact on the global market capitalization of cryptocurrency. Bitcoin Cash is now undergoing a contentious fork of its own, but market reception has been far different. Everything is tanking with the fork event just hours away. The days leading up to the Bitcoin Cash fork in 2017 sparked a frenzy for Bitcoin, with speculators looking to cash in on a two-for-one deal on their coin purchases. At the start of November, a similar pattern was forming for BCH. The coin saw impressive gains of almost 50% throughout the first week of November. However, today, just hours before the November 15 fork snapshot (approximately 9:00am PST), these gains have been erased alongside massive losses throughout the market as a whole. From lows earlier today, the global market cap of cryptocurrency saw a loss of almost 15%, or US$28 billion. Though it has since seen a minor rebound, today’s dive still represents a double digit loss. With the Bitcoin Cash fork, which will split the network into Bitcoin Cash ABC and Bitcoin Cash SV, just hours away, it is anyone’s guess whether these losses will be reversed of if they will continue to grow at fork time. For now, we can look at what might have caused this price movement. Exchange Hesitancy Exchanges across the board are expecting difficulty in preparing for the fork, particularly those that offer BCH futures. Coinbase has already announced that they are going to completely freeze all Bitcoin Cash trading and activities an hour before the fork (8:00am PST). While this is a major decision, perhaps more surprising was OKEx’s last minute decision to terminate their BCH futures a full day before the fork. The justification behind this call was to prevent potential market manipulation. BitMex, who also offers Bitcoin Cash futures, has elected to keep trading open. As a result, BCH derivatives are currently trading more than 35% lower than the market price for BCH, at a price of 0.0455 BTC on BitMex versus 0.0765 BTC on other exchanges. Of course, these derivatives will not be granted Bitcoin Cash SV, so it is possible that BitMex could represent a sound valuation of BCH ABC post-fork. Regardless, the massive discrepancies and unexpected shutdowns across exchanges are certainly grounds to weather confidence. SPECIAL ANNOUNCEMENT: All Bitcoin Cash (BCH) futures contracts will stop trading at 9:05am and be delivered at 10:00am Nov 14, 2018 CET (UTC +1) due to the upcoming hard fork. We will provide a detailed explanation shortly.#OKExAnnouncementhttps://t.co/yh3p46tirc pic.twitter.com/oqioSUOUsf — OKEx (@OKEx) November 14, 2018 Malicious Activity What happens when a single entity has the means to 51% attack a blockchain? Depending on your interpretation of the event, this is exactly the case with the upcoming fork. Primarily supported by self-proclaimed creator of Bitcoin, Craig Wright, Bitcoin Cash SV (which stands for Satoshi’s Vision) is predicted to control a majority of the entire BCH hashrate. This is at odds with individuals behind each network, as a vast majority of Bitcoin Cash nodes remain in support of BCH ABC. Major exchanges and influencers seem to primarily be backing ABC, so it is unlikely that SV will be able to best its alternative in terms of market cap. However, if Craig Wright’s fork can majorly disrupt or even dismantle ABC, it suggests that it is entirely plausible that a single party can destroy an entire network. Of course, this completely undermines the resiliency and decentralization of the technology. Gaming Hashrate The Bitcoin hashrate has steadily decreased in preparation for this upcoming fork, as certain miners have elected to speculate on the value of SV by mining Bitcoin Cash over Bitcoin. Currently, BTC is valued as 12% more profitable to mine than BCH, but the value of the forked coins could very well exceed a 12% loss in immediate profitability. Bitcoin’s hashrate has declined by about 25%. Many experts suggest that Bitcoin’s price “floor” is supported by the hashrate. If Bitcoin is no longer profitable, miners will shut down or go elsewhere, which will allow the price of BTC to continue to fall. Despite the constant decline throughout the year, hashrate has continued to increase or at least remain steady. It was contended that US$6,000 was the price floor given the previous hashrate, but with that mining power gone Bitcoin has reached year-to-date lows in the low US$5,000s. It is expected, or at least hoped, that markets will start to return to normal after the fork is over and done. If Bitcoin Cash SV has a sustained impact on the market, the longevity of cryptocurrency could be in serious contention. The post Fork Drama Sends Cryptocurrency Markets Spiraling Past Double Digit Losses appeared first on NullTX.

a month ago

Fork Watch: Disputed Consensus and an Abundance of Game Theory

In less than 24 hours the Bitcoin Cash (BCH) network will be facing a hard fork involving consensus changes that are currently disputed and may lead to a blockchain split. Two development teams have proposed different paths for the Nov. 15 upgrade and the clashing BCH reference implementations will be incompatible with each other after the fork commences. Also read: Preparing for the Looming Bitcoin Cash Fork Nov. 15: Two Incompatible Clients With Different Ruleset Changes The Bitcoin Cash community plans for a network hard fork twice a year and this year it has become apparent that the Nov. 15 upgrade may have issues due to the release of two competing ruleset changes. The Bitcoin ABC developers plan to add a new opcode called OP_CHECKDATASIG (DSV) and the introduction of canonical transaction ordering. Then the Bitcoin SV team has plans to introduce four new opcodes: OP_MUL, OP_LSHIFT, OP_RSHIFT, and OP_INVERT. Additionally, SV wants to remove the limit of opcodes per script and raise the block size to 128MB. Bitcoin SV Captures Over 75% of the Global BCH Hashrate According to data taken from Coindance Cash, there is a significant amount of hashrate currently signaling for the Bitcoin SV client. Data shows that over the last 48 hours or more, the Bitcoin SV implementation has been backed by 75-82% of the global hashrate. However, even though the hashrate is backing SV by an overwhelming percentage of computational power, not everyone in the community is pleased with the outcome. SV supporters believe they are supporting a move toward a “stable protocol” and are witnessing the first time Nakamoto Consensus is used to make important development decisions. While some SV supporters believe they are wholeheartedly following “Nakamoto Consensus,” there is a clear amount of BCH supporters who view the hashrate as a “51% attack.” Unlike the 80 percent of miners who supported the Segwit2X upgrade for BTC last year, the amount of hashrate voting for SV is extremely concentrated into just a few pools. Bitcoin Cash (BCH) global hashrate on Nov. 14, 2018. This week the marketplace Openbazaar discussed people’s concerns with the hashrate. “When things settle it is entirely your choice what you do with your coins, but we also recommend being cautious of a chain with hashpower of 50% or more controlled by one entity,” Openbazaar states on Nov. 12. For instance, on Nov. 14, the day before the consensus changes, there are three pools that have most of the BCH hashrate and all of them support SV. Today’s data shows that Coingeek currently has 46.53 percent of the global hashrate. This is followed by SV Pool with 11.11 percent, and BMG Pool with 9.72 percent at the time of publication. The amount of hashrate controlled by a single entity, specifically Craig Wright and associates, has people concerned about the security of the network and many supporters have been vocal about this issue. For instance, some BCH supporters have stated they won’t follow Wright’s SV plan even with the considerable amount of hashrate pointed at the client. Cornell Professor Emin Gun Sirer speaks about selfish mining attacks after the SV hashpower breached 51%. Despite the Hashpower, Some Community Members Just Won’t Follow the ‘Vision’ The early Bitcoin adopter and entrepreneur Olivier Janssens has explained he will not follow Wright’s vision and possibly even retract his support for BCH. “I’m not against Nakamoto Consensus and will support it until the very end — I just won’t support a project where the majority of hashpower is controlled by or in support of a fraud,” Janssens detailed on Twitter. When the mining pool Viabtc was asked whether or not they will join the SV hashrate, the Chinese miners detailed they would not follow Wright’s Satoshi Vision strategy. Viabtc explained to its Twitter followers on Nov. 12: I am sorry we don’t feel right to support the tyrant or lunatic who wishes to kill BCH and just try to invent a new coin of his own to develop his own mining industry, and wishes to kill other companies just out of sheer personal grudge — This is totally unacceptable. Drivechain developer Paul Sztorc believes sidechains can possibly help avoid these hash war conflicts. Certain Statements Furthering the Complexity of the Situation A lot of the community complaints against the SV roadmap have stemmed from Wright’s recent statements and threats toward the ABC fork. For instance, on Twitter Wright has explained that he will make the ABC side of the chain untradeable if there is a split. In fact, BCH users have collected screenshots and Twitter statements of Wright threatening to double spend, orphan blocks, and reorg the ABC chain in order to force miners toward the ABC side. “If you support ABC, we will remove you,” Wright detailed on Twitter on Nov. 12. “When you say I will not go through with this — You will be bankrupted and I will watch — You are wrong,” he adds. Coingeek’s Calvin Ayre wholeheartedly agrees with Wright’s S

a month ago

Coinbase to Pause all forms of BitcoinCash (BCH) Withdrawal as new Development Overpowers Initial Plans

Coinbase has updated users on new developments, following the upcoming Bitcoin cash November hard fork scheduled for tomorrow. The US-based exchange platform had initially announced that it would withhold sending (withdrawals) and receiving (deposits) on the Bitcoin Cash wallet at Coinbase.com, CoinbasePro, Prime, Custody, and lastly its IOS and Android apps. However, the exchange has revealed that unlike the previous hard fork’s, the rate at which proposals are being made is highly competitive and is therefore not compatible with the “published roadmap”, leading to a shutdown of all forms of Bitcoin Cash trading, ranging from buying and selling. “Due to recent developments, we have now determined that it will be necessary to also pause all buys, sells, and trading of BCH starting at 8:00AM PST on Thursday on Coinbase.com, in the iOS and Android apps, and on Coinbase Pro and Prime. Accordingly, during the time of the pause, you will not be able to sell or remove your BCH from Coinbase. If you wish to have access to your BCH during the pause, you will need to remove it from the Coinbase platform prior.” Coinbase further disclosed that it had no control over the minimum or maximum time frame of the soon to commence hard fork, but will monitor the fork and consistently update customers on each milestone achieved. However, this does not apply to all other tokens on the exchange platform, as the hard fork does not affect the trading process of other tokens. Once the hard fork begins, Coinbase will take snapshots of already existing Bitcoin cash balances in order to secure customer funds and monitor the fork for network consensus. Upon network stability, customers will be notified and trading will commence immediately. Hong Kong based exchange giant Okex has also ceased trading of all Bitcoin Cash (BCH) futures contracts till further notice. The post Coinbase to Pause all forms of BitcoinCash (BCH) Withdrawal as new Development Overpowers Initial Plans appeared first on ZyCrypto.

a month ago

Op Ed: Anatomy of the Tether Attack: Are Stablecoins Vulnerable?

“Go for the Jugular” is the advice George Soros gave to his team during his famous attack on the British pound for a profit of $1 billion on so-called Black Wednesday in 1992. On October 15, 2018, tether, the market dominating stablecoin with a market cap of $2 billion, was attacked, breaking tether’s peg to USD, dropping its value by 7 percent but simultaneously driving up bitcoin and the whole crypto market by more than 10 percent. Even though nobody has claimed the attack yet, entrepreneurs, investors and customers of stablecoins should all carefully analyze existing and potential attacks and act accordingly.Stablecoins, cryptocurrencies with stable value, are considered the “holy grail” of crypto since they could displace all the fiat money in the world which is about $90 trillion. As one might expect, investors have poured out hundreds of millions of dollars chasing stablecoin dreams, and, following the money, new stablecoin projects have come out left and right in 2018, which many have called the year of the stablecoin.While there are many good articles on stablecoins, almost all of them focus on topics related to stablecoin design or why stablecoins are doomed to fail, and all analyses assume normal crypto market conditions rather than taking into account the volatile conditions we have experienced. However, during an attack, the market movement is massive and sudden. Assuming these attacks are legal and highly profitable, just like Soros’ attack, they will come back again and again. Only the stablecoins that can survive these attacks can eventually become the “holy grail.”Analysis of the Tether AttackAs of the writing of this article, there is not much information or data regarding the Tether attack on October 15, 2018. Who were the attackers? What was the method to profit from the attack? How profitable was the attack? What resources were required to execute the attack? Was there any attempt to defend against it? However, just by analyzing some limited public data from CoinMarketCap, we can gain valuable insights around these questions that are important in understanding such an attack.First, the attack is a classical speculative attack: a massive and sudden selling of a currency during a relatively short period of time. Such an attack is usually executed by financial speculators; in this case, it is rumored that the recent Tether attack was mounted by IMMO. As shown in Figure 1, the whole attack was very short: only about three hours from start to finish. It started around Sunday, October 14, 2018, 10 p.m. PST (UTC-7:00) and finished around Monday, October 15, 2018, 1 a.m. PST (UTC-7:00). It took about 100 minutes to drive the tether price to the bottom at $0.925284. Then, about 65 minutes later, the price went back to $0.973513 and started to stabilize. The transaction volume during these three hours was about $2 billion, which was the average 24-hour trading volume around that period.Figure 1: Tether’s 24-hour price from October 14, 2018, to October 15, 2018 (Source: CoinMarketCap)Second, the method to profit from the Tether attack is actually different from the method used in Soros’ attack on the British pound. In Soros’ attack, shorting currency was used to generate profit: 1) First, Soros’ team built up a huge short position of pound sterling; 2) they executed a massive and sudden selling of the pound; and 3) they finally bought back the pound after breaking the peg, returned their borrowed pound and generated $1 billion in profit from the price difference. In the Tether attack, it seems that the attacker(s) 1) first built up a big position in tether (either short or non-short position) and a big position in bitcoin or other crypto assets; 2) then executed a massive and sudden selling of tether, which drove the tether price down to the bottom and caused the bitcoin price to go up by about 10 percent; 3) finally sold the big bitcoin position to generate profit; and 4) possibly bought back tether at a lower price to reduce the loss from dumping tether. I believe the attackers leveraged the fact that bitcoin and other crypto assets are perfectly negatively correlated with stablecoins. As shown in Figure 2, with about 15 minutes delay (CoinMarketCap only provided data in 5-minute intervals), the bitcoin price started to climb when the attack started, reached its peak when the tether price reached its bottom, and dropped as the tether price recovered.Figure 2: Bitcoin’s 24-hour price from October 14, 2018, to October 15, 2018 (Source: CoinMarketCap)Third, it is extremely hard to figure out exactly how profitable the attack was, given the limited data available. However, it is safe to say the attack was very profitable. Even though it does not let us determine the profitability of the attack, the whole crypto market went up 10 percent, adding $20 billion in value, while at the same time, tether dropped by about 7 percent, removing only about $210 million in value. That difference represents a tr

a month ago

Bitcoin Cash [BCH] hard fork on Coinbase further detailed out; November 15 event stirs community

The upcoming Bitcoin Cash [BCH] hard fork has created quite a sensation in the cryptocurrency community, with several major players announcing their perspective on the event. On November 13, Coinbase, the largest cryptocurrency exchange in terms of users, released a set of guidelines that BCH holders will need to follow during the fork. The exchange, which had earlier released a circular that talked about the pause on sends and receives of Bitcoin Cash on the platform, revealed a new addendum. Coinbase said: “Due to recent developments, we have now determined that it will be necessary to also pause all buys, sells, and trading of BCH starting at 8:00AM PST on Thursday on Coinbase.com, in the iOS and Android apps, and on Coinbase Pro and Prime. Accordingly, during the time of the pause, you will not be able to sell or remove your BCH from Coinbase.” The company has also informed users that if they need to access their respective BCH during the fork, they will have to remove it from the exchange before the process begins. Coinbase has also laid out a detailed instruction list for users that will enable them to handle the cryptocurrency during the hard fork. Coinbase has stated that after the BCH transactions are paused, a snapshot will be taken of the existing BCH balances. The exchange will then monitor the fork for network consensus to ensure that the fork happens successfully. The circular further said: “If another viable chain exists, customers will have the ability to withdraw funds at a future date. We anticipate this will take at least a few weeks, but may take longer.” The Bitcoin Cash hard fork was also in the news recently when Bitinex announced pre-fork trading on their platform. The exchange had stated: “While we want to make such forks available to our customers, our limited and temporary support for them is not and should not be construed as support for any particular project. The post Bitcoin Cash [BCH] hard fork on Coinbase further detailed out; November 15 event stirs community appeared first on AMBCrypto.

a month ago

Primas #Korean community member reluctant to eat the last pi...

Primas #Korean community member reluctant to eat the last piece of #cake! Don't worry, we'll be back and we'll be… https://t.co/BKQ12PcfTn

a month ago

We are happy to announce that our #Mainnet Preview will be r...

We are happy to announce that our #Mainnet Preview will be released at 17:00 PST on 11/15/2018! It will bring in mo… https://t.co/jmpUpa8aFU

a month ago

Bitcoin Cash [BCH] drops off the bullish cliff; investor sentiments mixed ahead of hard fork

The recent surge seen by Bitcoin Cash [BCH] has come to a complete halt after the bear took control of the cryptocurrency on November 10. At the time of writing, Bitcoin Cash [BCH] was dropping by a significant 6.92%, with a total market cap of $9.534 billion. The cryptocurrency was trading for $543.41, with a 24-hour market volume of $821.764. A majority of the cryptocurrency’s market volume was held by OKEx, with a total grasp of $84.592 million. OKEx was closely followed by DigiFinex, with over $67.581 million worth of Bitcoin Cash transactions occurring on the cryptocurrency exchange. Bitcoin Cash [BCH] 24-hour chart | Source: CoinMarketCapKhai42, a Redditor had said: “The narrative by the anti-BCH crowd was that Bitmain could be insolvent or that they may delay their IPO because they invested too much into BCH. But now with their official filing, their financials are public for all to see. They are extremely healthy financially.” The drop comes in the wake of Bitcoin Cash surging by a massive 22% earlier last week, propelled by the upcoming hard fork. The hard fork has also gained support from popular cryptocurrency exchanges like Binance and Coinbase. Coinbase had stated: “We will pause sends and receives on the BCH wallets at Coinbase.com, in our iOS and Android apps, and at Coinbase Pro and Prime beginning at 8:00AM PST on 11/15/2018 (approximately 1 hour before the fork). Please be sure all BCH sends and receives are completed prior to that time. During the pause, your BCH will remain safely at Coinbase.” Roger Ver, the CEO of Bitcoin.com, had also given his two cents on the hard fork, saying that the reason why there were so many arguments is that of how decentralized the network is. He also added that everyone agrees Bitcoin Cash should be accepted as a form of transactions across all platforms. The post Bitcoin Cash [BCH] drops off the bullish cliff; investor sentiments mixed ahead of hard fork appeared first on AMBCrypto.

a month ago

Our next #AMA campaign will be a GENERAL one and will start ...

Our next #AMA campaign will be a GENERAL one and will start from 11:00 AM to 1PM PST on November 9, 2018. Join us t… https://t.co/j0k08lgUHM

a month ago

Poloniex joins Coinbase and Binance In Support of the new Bitcoin Cash

As the news of the new Bitcoin Cash’s Fork hit the market, the prices of BCH across major exchanges started showing relentless spikes. But the exchanges and platforms supporting BCH, were in a spot of dilemma and had to make a decision- should they support the hard fork or not? But as the deliberations got over Binance announced its support to the new fork. This was followed by Coinbase and now Poloniex too has announced its support. Bitcoin Cash Hard Fork to undergo a protocol upgrade on November 15th, 2018. As the news was out that the Bitcoin Cash network will be undergoing a protocol upgrade on November 15th 2018., it divided the industry due to some fundamental disagreements reported between Amaury Séchet’s Bitcoin ABC and Craig Wright’s nChain. NChain, a blockchain group led by Australian ‘Satoshi-want-to-be’ Craig Wright, did not agree with the changes and alterations that Bitcoin ABC, a Bitcoin Cash-centric developer consortium, has proposed, and as such, the former group has decided to run with its own upgrade, which will likely result in two independent chains. But now with time passing and after announcements of support from Binance, Coinbase and Ledger, Poloniex too has joined the league of supporting the Bitcoin Cash’s Fork. The exchanged made its support official using its Twitter handle. We will support the upcoming Bitcoin Cash hard fork. On November 15, 2018, we will pause deposits and withdrawals at 14:00 UTC, and take a snapshot of all BCH balances at 15:00 UTC. Once the network stabilizes, we will make an announcement and re-enable deposits and withdrawals. — Poloniex Exchange (@Poloniex) November 4, 2018 First, among exchanges to announce support, was Binance as it announced full support of the upcoming Bitcoin Cash hard fork scheduled for November 15. The exchange posted on its official blog that “Binance would like to confirm support for the upcoming Bitcoin Cash hard fork. We will take a snapshot of all Bitcoin Cash balances at UNIX time 1542300000, 2018/11/15 4:40:00 PM (UTC).” The blog future that the exchange will suspend all deposits and withdrawals an hour before the proposed time of the hard fork. This was followed by Coinbase when it made an official announcement on its blog saying “Coinbase will monitor the hard fork process and work to minimize customer disruption until the network meets Coinbase security standards. We will pause sends and receives on the BCH wallets at Coinbase.com, in our iOS and Android apps, and at Coinbase Pro and Prime beginning at 8:00 AM PST on 11/15/2018 (approximately 1 hour before the fork). Please be sure all BCH sends and receives are completed prior to that time. During the pause, your BCH will remain safely at Coinbase.” Now with prominent exchange backing the hard fork explains the spike of 25% in BCH prices. Hopefully, the Fork brings some good news for the community as well. What is your view on the BCH Fork? Do let us know your views on the same? The post Poloniex joins Coinbase and Binance In Support of the new Bitcoin Cash appeared first on Coingape.

a month ago

Why Bitcoin Cash Has Been On Fire This Weekend

 Listen Here - https://soundcloud.com/cryptodaily/why-bitcoin-cash-has-been-on-fire-this-weekend If you’re a Bitcoin Cash investor, you might be feeling a little pleased with yourself today, that’s because throughout the weekend, Bitcoin Cash has made some fantastic gains and seen some real progression, away from the overall negative trend of the markets. As we enter November, we all hope to see more positive movements within the markets (mainly so we can afford Christmas and the holiday season, right?) What happened this weekend, was an organic result of speculation and positive news for Bitcoin Cash, in light of it’s up and coming hard fork. As you very well know, Bitcoin Cash is the product of an initial Bitcoin hard fork, now, twice a year in order to keep up with the demand for progression, Bitcoin Cash commits to a hard fork in order to carry out regular updates to the Bitcoin Cash network. What is a Hard Fork? For those who aren’t aware of the terminology, according to Investopedia: “A hard fork as it relates to blockchain technology, is a radical change to the protocol that makes previously invalid blocks/transactions valid (or vice-versa). This requires all nodes or users to upgrade to the latest version of the protocol software. Put differently, a hard fork is a permanent divergence from the previous version of the blockchain, and nodes running previous versions will no longer be accepted by the newest version. This essentially creates a fork in the blockchain: one path follows the new, upgraded blockchain, and the other path continues along the old path. Generally, after a short period of time, those on the old chain will realize that their version of the blockchain is outdated or irrelevant and quickly upgrade to the latest version.” This is carried out because it forces all node operators to upgrade in order to continue using the network, it’s the best way to guarantee that all aspects of the network are upgraded efficiently, otherwise it’s inevitable that people will be left behind. BCH hard fork 15th November The date for the next official Bitcoin Cash hard fork is the 15th of November 2018, therefore many people believe the current good form seen within Bitcoin Cash is surely in anticipation for this. Much of this anticipation has been met with optimism by a number of major crypto brands, including Ledger, Binance and Coinbase, all of whom have recently published statements highlighting how they will help support the impending hard fork. According to Ethereum World News: “After weeks of presumed deliberation, the world’s largest crypto-to-crypto exchange, announced support for the asset, claiming that it would be suspending BCH deposits and withdrawals an hour or two prior to the hard fork’s expected date. This news came just hours after Ledger, a prominent French startup focused on crypto asset storage solutions, revealed that it would be protecting its users through the fork, claiming it would support the dominant chain, the fork with the most hashing power and highest levels of stability when the time comes.” Coinbase show support for BCH Likewise, Coinbase have also issued a statement of support, one that goes into a little more detail about some of the issues surrounding this hard fork too: “Twice a year, the Bitcoin Cash (BCH) network hard forks as part of scheduled protocol upgrades. The next BCH hard fork is scheduled for Nov 15, 2018, and Coinbase is prepared to support the published roadmap from bitcoincash.org. However, unlike previous BCH hard forks, there is a competing proposal that is not compatible with this published roadmap. Coinbase will monitor the hard fork process and work to minimize customer disruption until the network meets Coinbase security standards. We will pause sends and receives on the BCH wallets at Coinbase.com, in our iOS and Android apps, and at Coinbase Pro and Prime beginning at 8:00AM PST on 11/15/2018 (approximately 1 hour before the fork). Please be sure all BCH sends and receives are completed prior to that time. During the pause, your BCH will remain safely at Coinbase.” Moreover: “We will monitor the Bitcoin Cash network during the upgrade. Coinbase cannot predict the duration of this upgrade process. When the upgrade is complete, we will evaluate the network and take appropriate next steps, including re-enabling sends and receives. We will update our customers throughout the upgrade process and about the outcome of the fork once the network reaches consensus. In the unlikely event that multiple viable chains persist after the fork, Coinbase will ensure that customers have access to their funds on each chain.” What happens now? We expect that Bitcoin Cash will continue to climb through the day and perhaps through the rest of this week. The climb will tail off and as a result, we don’t expect Bitcoin Cash to reach any incredible values over the coming weeks, however, assuming the hard fork goes to plan, Bitcoin Cash should continue to retain

a month ago

Bitcoin Cash (BCH): More than Just Hard Fork Hype?

Bitcoin Cash (BCH), Cryptocurrency-While 2018 has continued to be a bearish year for cryptocurrency, investors are looking to the recent price of Bitcoin Cash as possible indication that a revival is on the horizon. Bitcoin Cash, the fourth largest cryptocurrency by market capitalization, started trading on the morning of Nov. 4th at $473 before skyrocketing 22 percent to reach a relative high of $573 on the day. As of writing, the coin has settled back to $550, but showing significant price stability that may manage to hold onto gains in the aftermath of the bullish uptick. Much of the excitement surrounding Bitcoin Cash has been over Nov. 15th’s hard fork, thereby earning free coins for investors who hold the coin at the time of the split. However, this past weekend brought about news that Coinbase, a U.S. based cryptocurrency exchange with over 13 million users-and offers Bitcoin Cash among its select cryptocurrency offering-would be joining leading exchange Binance in supporting the fork. The combined support of two major exchanges, in addition to the readiness for investors to turn back the tide of this year’s bear market, set the spark that ignited BCH’s massive 24 hour leap in price. The Coinbase update is going to bring a halt to BCH trading during the time of the fork, with the support team telling customers. “We will pause sends and receives on the BCH wallets at Coinbase.com, in our iOS and Android apps, and at Coinbase Pro and Prime beginning at 8:00AM PST on 11/15/2018 (approximately 1 hour before the fork). Please be sure all BCH sends and receives are completed prior to that time.” Coinbase and Bitcoin Cash have had a storied past in relation to hard forks. While BCH is itself a fork of the original Bitcoin code, sometimes called Bitcoin Core, first launched in August 2017, the U.S. exchange floundered in getting the currency properly listed. In the hours leading up to the Bitcoin Cash launch on the exchange, which at the time was only known internally to company employees, the price of BCH nearly doubled and brought a screeching halt to Coinbase’s trading platform in the chaos that followed the listing. Since that time, Coinbase has had to contend with numerous accusations of foul play, mostly centered around insider trading. Investors have claimed that Coinbase employees or their peers were able to capitalize on the inside knowledge of when the listing would occur, thereby buying into the coin ahead of the launch. In July, Coinbase released the results of an internal investigation, finding no evidence of insider trading or inappropriate investing by employees and their friends and family. Just two weeks ago EWN reported on a recent insider trading lawsuit against Coinbase being dropped by a U.S. judge, who claimed the company had done all it was capable of to prevent market manipulation. While most of the price movement is in anticipation of freshly minted coins in the aftermath of the fork, BCH’s bullish run has managed to inject some excitement back into the cryptomarkets. As of writing, XRP has jumped 10 percent on the day, with most of the altcoin market trading in the green. The post Bitcoin Cash (BCH): More than Just Hard Fork Hype? appeared first on Ethereum World News.

a month ago

🧐 Tomorrow 10/29 at 12:30pm PST, CEO William Quigley will be...

🧐 Tomorrow 10/29 at 12:30pm PST, CEO William Quigley will be answering the community's questions live in Telegram.… https://t.co/0r8N6q3zRT

a month ago

💡 Do you have a question about WAX that you would like to se...

💡 Do you have a question about WAX that you would like to see CEO William Quigley answer? On 10/29 @ 12:30pm PST Wi… https://t.co/VXnNCPMTs9

2 months ago

🕰🤠🌵Counting down to the #AppShowdown at #QBConnect San Jose,...

🕰🤠🌵Counting down to the #AppShowdown at #QBConnect San Jose, 6 pm PST Nov 5 #accountant day. (A little past high no… https://t.co/v3NO9xlwCp

2 months ago

Do you have a question about WAX that you would like CEO Wil...

Do you have a question about WAX that you would like CEO William Quigley to answer? On Monday 10/29 @ 12:30pm PST,… https://t.co/Rl1p483EPo

2 months ago

DATA (DTA) will launch on HBUS, the exclusive American strat...

DATA (DTA) will launch on HBUS, the exclusive American strategic partner, at 0:00 PST on Oct 17, 2018. DTA/BTC, DTA… https://t.co/k9wVbsW48h

2 months ago

Tezos Surges 15% Amidst Market Recovery and Kraken Listing

Tezos (XTZ) surged 15% over the past 24 hours amidst a general cryptocurrency market recovery and its recent listing on Kraken. The cryptocurrency has been one of worst affected by the market crash, falling over 90% since its one year high it reached in December. Despite being one of the worst major altcoins affected by the bear market, Tezos holders saw some major gains on Tuesday morning, following the announcement and listing of the cryptocurrency on Kraken. Kraken first announced that they would be listing XTZ on October 15, with trading first opening the following day on October 16. XTZ trading first began at 8:00 a.m. PST, at which time the cryptocurrency saw a small volume bump, leading the price from its daily low of $1.26 to a daily high of $1.47. The price has since settled at $1.44. The cryptocurrency will be listed with multiple fiat trading pairs, including USD, EUR, and CAD. Kraken’s listing announcement, which was released on the exchange’s website, explained the main features of Tezos that led to it being listed, saying: “Tezos has three key features. (1) “Liquid Proof-of-Stake” consensus - there is a relatively low barrier to consensus participation and delegation is not required. (2) Smart contract verification - Tezos invented the Michelson programming language that allows formal proofs of contract properties for better contract security. (3) On-chain governance - all aspects of governance are contained in the platform: voting on proposed protocol upgrades, paying developers and implementing the upgrades.” Big Gains for Tezos ICO Investors Tezos originally gained funding through an initial coin offering (ICO) in July of 2017. At that time, the project raised $232 million, and sold XTZ to investors for $0.382 per token. Original investors in Tezos have still seen gains of approximately 270% since the launch, despite the persisting bear market. Over the past few months, however, XTZ has had a rough time, declining from over $2.40 in July to its year-to-date low of $1.14 in early September. Since then, the crypto has seen choppy price action, and the latest pump is the only apparent sign of a potential reversal. Tezos Gains Come Amidst General Market Recovery Tezos’ price rise was also supported by the fact that the cryptocurrency market had seen a general recovery over the past couple of days, with Bitcoin’s price rising from weekly lows of just over $6,200 to highs of nearly $7,000, before stabilizing at its current price of $6,570. BTC’s recent price action was the first the cryptocurrency had seen in a while, breaking through its previously established trading range between $6,400 and $6,800. Although the cryptocurrency broke through this range on both sides, it has since fallen back into the previously established trading range. Bitcoin’s recent price action led altcoins to post some decent gains, with XRP trading up 23% from its weekly lows and ETH trading up 12% from its weekly lows of $188 at its current price of $210. Featured image to Shutterstock. The post Tezos Surges 15% Amidst Market Recovery and Kraken Listing appeared first on NewsBTC.

2 months ago

Christie’s Auction House Leads Art World in Blockchain Tech

Christie’s recently announced the introduction of a system for recording art transactions on blockchain. The decision is just the latest example of how the tech is catching on inside of the art world. Leading auction house Christie’s announced a new system utilizing blockchain to encrypt the registration of art transactions for a November sale. The company is planning to sell a variety of major artworks from one of the most extensive privately-held collections of American art from the last century. According to early estimates project that the artworks could command more than $300 million at auction. Richard Entrup of Christie’s said the blockchain-based registration system arose out of a partnership with Artory, who is a well-known digital registry for the art market. According to Entrup, the upcoming art sale will give collectors and clients a way to Explore the advantages of having a secure encrypted record of information about their purchased artwork. Buyers will be able to access a secure record of information about their purchase that includes the description, final price, and verification of the transaction. The decision by Christie’s to integrate blockchain into the art world seems to signify the cutting-edge technology is starting to catch on in a complicated, high-end industry. Putting An End To Stolen Art? Blockchain has been the recipient of buzz within of the art community due to its storage capabilities. The idea of a legitimate and secure digital record of a work’s provenance has figures in the art world embracing the idea that blockchain could be used to drastically slash instances of stolen or misrepresented work. Geneva-based Fine Arts Expert Institute said in 2014 that more than half of all artwork they looked at was either forged or not associated with the right artist. The Blockchain Art Collective (BAC) has been working to register art onto distributed ledgers by attaching tamper-proof seals to pieces of art. The idea is to let others know that a particular work has its information on a certain blockchain. Startups like the BAC hope these virtual authenticity certificates will inspire more confidence in the art market, especially for higher-priced pieces. Bringing A Crypto Arts Culture To Life Cryptocurrencies and blockchain tech has also become a popular subject for a growing number of artists who are interested in investigating concepts related to the digital world. Some street artists have begun to create public displays paying homage to popular virtual currencies like Bitcoin. Instagram user @thisisludo posted a photo of a creation that depicted giving “power to the people.” View this post on Instagram R.I.P Banking System ... Power to the People ... #ludo #thisisludo #rip #dollar #rip #yuan #rip #pound #rip #euro #rip #banking #bitcoin #powertothepeople #flower #installation #paris #2018 A post shared by ludo (@thisisludo) on Feb 12, 2018 at 8:38am PST Otherwise, crypto-themed art has slowly been making its ways into traditional art circles. One serigraph containing the word “HODL,” mimicking Robert Indiana’s famous “LOVE” sculpture, sold at auction for $8,000 to Mike Novogratz. Another crypto-inspired work by cryptograffiti sold for $33,000. What are your thoughts on blockchain, crypto, and its relationship with the art world? Let us know in the comments below! Images courtesy of, Bitcoinist archives, Christie’s, Instagram (@thisisludo), Wassilykandinsky.net. The post Christie’s Auction House Leads Art World in Blockchain Tech appeared first on Bitcoinist.com.

2 months ago

Bithumb Announces Super Airdrop Festival on Eve of its 5th Anniversary and its Stake Sale

The second largest exchange in the world by adjusted volume and the largest cryptocurrency exchange in South Korea, Bithumb has announced a Super AirDrop Festival- Season 2 to celebrate its 5th anniversary. Bithumb super airdrop festival, the first event under new owners According to the recent announcement, Bithumb will regularly airdrop coins worth 100 million Won ($88,500) every day and investors who participate in this festival will be allowed to buy coupons and trade via the exchange. Super Airdrop Festival STARTS NOW! Bithumb has invited you to Airdrop Event. Don’t miss out and visit [https://t.co/jcYn5XqFyK] for details. pic.twitter.com/ItPkKacDyt — Bithumb (@BithumbOfficial) October 12, 2018 The coupon cost amounts to 10000 won ($8.85) and the participants must trade for a minimum of 1 hour on the platform in order to qualify for the airdrop. The airdrop festival will begin from October 8th until further exchanges. This festival is only permitted to the top 300 traders, each operating with a different airdrop amount depending on the rank. This is not the first time Bithumb has announced an airdrop festival. In September 2018, Bithumb conducted Season 1 of its ‘Super Airdrop Festival ‘, where it refunded traders 120% of trading fees. The exchange had also set aside then a limit of KRW 1 billion per day for the refunds, which came out to KRW 167 million (USD 149,000) of rewards each day. Although this event was marred with claims of Wash Trading. Earlier in March, Bithumb announced an ICON airdrop from 21 March to 25 March specifically for members who trade in excess of 1 million Won ($885). ICON hailed as the “Korean version of the ETH” shot up massively during the airdrop period. It’s been a super interesting month for Bithumb as the exchange recently had an ownership change when the majority stake in Bithumb was sold to Singapore based BTC Global. the consortium, led by a chief plastic surgeon and avid blockchain investor Kim Byung-gun on 12 October for 400 billion won ($353.64 million). According to what is reported in some media, the airdrop is partly in celebration of the new owners. Apart from these the exchange has also added several coins to its trading services. Coins such as SALT [SALT], Raiden Network Token [REN], Enjin Coin [ENJ] and Primas [PST], Loom Network [LOOM] and BHP Cash [BHPC] were all added to Bithumb in the past few days. This airdrop festival is expected to pull some good crowd to the exchange and one can see some good volumes in the coming days at Bithumb. One can just hope this airdrop is not marred by another malicious act like the previous one was with claims of wash trading. Will Bithumb exchange scale new heights under its new leadership? Do let us know your views on the same. The post Bithumb Announces Super Airdrop Festival on Eve of its 5th Anniversary and its Stake Sale appeared first on Coingape.

2 months ago

SpankChain, Adult Website Built on the Ethereum Platform, Foregoes Security Audit, Gets Hacked

SpankChain, a blockchain-based porn website built on the Ethereum network, announced via a blog post on Oct. 9 that it had been hacked and lost a total of 165.38 ETH (approx. $38,000) and BOOTY worth $4,000. Users lost 34.99 ETH (approx. $8,000) and 1,271.88 BOOTY (approx. $9,300), and SpankChain lost the remaining balance. The unknown hackers took advantage of a “reentrancy” bug, similar to the one exploited in the 2016 The DAO hack. The hack or its success is partly due to SpankChain foregoing a security audit because of high costs. In the blog post, the SpankChain team said: “Unfortunately, as we were in the middle of investigating other smart contract bugs, we didn’t realize the hack had taken place until 7:00 pm PST Sunday, at which point we took Spank.Live offline to prevent any additional funds from being deposited into the payment channels smart contract.” Damage Control The SpankChain team will reimburse all the customer funds lost in the hack through an airdrop. The reimbursement funds will be deposited into the customers’ SpankPay accounts but will only be available after the platform has been rebooted. The platform will shut down its camsite services for two to three days or more if need be. During this time, the platform will patch the exploited smart contract and redeploy it in order to prevent the repeat of a similar incidence. Spank.Live will be updated so that it can use a new payment channel. The platform will airdrop ETH to affected customers and also fix the bugs they were working on prior to the hack. In the following days, SpankChain will conduct an “in-depth investigation” of the hack. The company partly took responsibility for the hack and mentioned that it had decided to skip a security audit for the smart contract payment channel. It skipped the security audit because it is expensive as they had paid $17,000 for a previous audit. In a pledge to improve their security, the SpankChain team said: “[We are] making sure to get multiple internal audits for any smart contract code we publish, as well as at least one professional external audit.” Cryptocurrencies and the Adult Industry Launched in 2017, SpankChain raised approximately $24 million in its initial coin offering. SpankChain was created to lower commission fees for cam girls from around 50-70 percent to as low as 5 percent. In recent times, the adult entertainment industry has been moving toward leveraging blockchain technology to facilitate private and anonymous transactions by using cryptocurrencies as a method of payment. In April, Pornhub, an adult entertainment website that received 28.5 billion visits in 2017, generated a great deal of buzz when it announced that it was partnering with Verge cryptocurrency. However, TheNextWeb reported in September that less than 1 percent of Pornhub users bought subscriptions using cryptocurrencies. SpankChain, Adult Website Built on the Ethereum Platform, Foregoes Security Audit, Gets Hacked was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2 months ago

A collective #growthmindset and unwavering vision is how Pri...

A collective #growthmindset and unwavering vision is how Primas is going to emerge from semi-obscurity and… https://t.co/ZgrUls7j5M

2 months ago

SpankChain is Hacked for $38,000

A hacker managed to steal $38,000 after exploiting a bug in one of SpankChain’s smart contracts. An additional $4,000 worth of SpankChain’s ICO token, BOOTY, was also frozen because of the security breach. SpankChain admitted that it suffered an attack by posting “We got spanked.” on their website. Though the hack took place around 6 pm PST on Saturday, SpankChain did not notice the theft until the following evening as they “were in the middle of investigating other smart contract bugs.” SpankChain is still working to figure out exactly what happened, but they did explain that the hacker “capitalized on a ‘reentrancy’ bug, much like the one exploited in the DAO hack.” (RS)

2 months ago

Streaming Live from @goBLOCKCON this Thursday at 3:20pm PST ...

Streaming Live from @goBLOCKCON this Thursday at 3:20pm PST through our Facebook Page! @reevecollins will be talki… https://t.co/gylriY21Rp

2 months ago

Aphelion (APH) Decentralized Exchange Set For NEO MainNet Launch on October 10th

Aphelion (APH), a decentralized exchange built on the NEO platform, has announced that its NEO MainNet launch will take place at 10:00 PST (UTC -7) on October 10th, 2018. Users will be able to access the exchange through the Aphelion desktop wallet software at the launch, with support for the Android, iOS, and web-based NEO wallets to come at a later date. Users who hold APH tokens and wish to take part in the redistribution of trading fees will be able to commit their APH to the exchange’s smart contract. The first NEP-5 tokens available for trading are APH, DBC, NKN, PHX, SOUL, and TKY. (JF)

2 months ago

So much #Korea news lately for Primas - first the listing on...

So much #Korea news lately for Primas - first the listing on @BithumbOfficial and now the government taking steps t… https://t.co/9sUPjgmIOc

2 months ago

#IOST CTO @terrence_iost will be doing a reddit AMA this Fri...

#IOST CTO @terrence_iost will be doing a reddit AMA this Friday, October 5th, at 6 PM PST (GMT +7). Make sure to m... https://t.co/jBMXzO0FFU...

2 months ago

Swell News & Updates - Day 1

Use this thread to post news, updates, Twitter feeds, etc. so we have a singleton collection of resources. [Agenda here](https://swell.ripple.com/agenda). ​ **Day 1 (PST):** * 11:00 - 12:00 - A CONVERSATION WITH PRESIDENT BILL CLINTON * 1:30 - 1:45 - FLASHTALK: HOW TO LAUNCH A PAYMENTS APP FOR MILLIONS (Santander) * 1:45 - 2:15 - REGULATING INNOVATION: A GLOBAL OPPORTUNITY * 2:15 - 3:00 - CENTRAL BANKS SHOW AND TELL * 3:30 - 5:00 - MEET THE MOVERS AND SHAKERS: LIGHTNING ROUND...

2 months ago

Day ain't over yet Redd-ID to be released tonight PST (it seems)

[https://reddcoin.com/redd-id/](https://reddcoin.com/redd-id/) Countdown may be over by time u read this 9pm PST [https://86x.com/techadept-rdds-core-team-co-leader-reddcoin-rdd-core/?utm\_source=dlvr.it&utm\_medium=twitter](https://86x.com/techadept-rdds-core-team-co-leader-reddcoin-rdd-core/?utm_source=dlvr.it&utm_medium=twitter) ...

2 months ago

DTA will launch on CoinBene at 20:00 PST, Sept 1st. DTA/ETH ...

DTA will launch on CoinBene at 20:00 PST, Sept 1st. DTA/ETH trading will be open on Sept 2nd and DTA deopsit will b… https://t.co/rjYc7A92XN

3 months ago

First Live Reddit AMA with Nebulas Founder Hitters Xu

Welcome to the first official AMA with Nebulas founder Hitters Xu. Nebulas comes from the community and serves the community. To strengthen Nebulas’ connection with the community and help community members learn more about Nebulas, we are going to hold an online AMA on Reddit. The AMA started on **February 24th at 15:00 (UTC-08:00, PST)** / February 25th at 7:00 (UTC+08:00, Beijing). Everyone from the community can ask questions on Reddit and upvote/downvote according to your interest. **NOTE:** * Please do not reply to other user's questions until Hitters have answered. * Try to be precise with your questions. * Please only ask a maximum of 2 questions per post. * * * Official website: https://nebulas.io Github: https://github.com/nebulasio/go-nebulas Slack: https://nebulasio.herokuapp.com Telegram(EN): https://t.me/nebulasio Twitter: https://twitter.com/nebulasio **About Nebulas** Nebulas is a decentralized platform which provides a search framework for all blockchains. Nebulas Rank (NR) is an open-sourced ranking algorithm used to measure the influence of relationships among addresses, smart contracts, and distributed applications (DApps). It helps both users utilize information among the ever-increasing amount of data on all blockchains & developers to use our search framework directly in their own applications. **About Hitters Xu** Founder & CEO of Nebulas, Founder of AntShares (NEO), a blockchain pioneer in China, the former Director of Ant Financial's Blockchain Platform (Alibaba’s financial arm) and part of Google's Search & Anti-Fraud team. Since 2013, Hitters has founded BitsClub(the very first Blockchain/Bitcoin community in China), ICO365 and FBG Capital (one of the earliest Crypto funds). ...

10 months ago

Development Update for Jan 15th, 2018

* **Roadmap:** aiming to have a draft version for internal review by dev team. Will have some holes in it. - Sprint entry this week. Large number of developers now, we have split the group into 3. * **Compiler Group:** → RHOL board -Kyle, Joe, Kent, Eitan, Michael VM Group: → ROS Board -Timm, Alex, Keith * **Node Group:** -→ CORE board -Chris, Yaraslau, Jeremy * **Team:** Focus on delivering the SDK 0.1 by early February. -Updated Rholang specification & tutorials to match what the compiler supports -Line numbers for Lexer errors and compiler errors to be implemented. -Packaging & User Experience -Get Rosette ready for release in the SDK. -Infrastructure for web compiler * **Compiler team:** concentrating on what features are needed in Rholang for Mercury -Documenting at which level we will enforce cost and resource bounds and a reasoning on why we did it that way. -Making decisions on what we will deliver for Cost enforcement for Mercury * **Node team:** -Node http api - start designing and implementing -Storage query unification -Assist with SDK Packaging -Node penetration testing -Node Community test planned for Friday afternoon 3 pm PST or Thursday 8:30 am PST. Join us in #node-testing on Discord to vote on a time. * **Rosette team:** -C++ work to support SDK release. Scala team: focus on running 'helloworld.rho' & port more OpCodes...

a year ago

How QTUM Foundation lost my 48,000 tokens. And didn’t care.

It all started just over a month ago when I was caught up in the Chinese exchanges’ closure with my tokens in ICO365. I had followed QTUM with interest for a while and I was very excited about the project, so much that when the ICO came I decided to invest a good amount on it, buying 48,224 tokens from ICO365, equal to almost 0.1% of the total ICO offering. The main reason I invested so much in it was the quality of the team behind the project: a quality team for a quality project, I thought. Well, I would eventually change my mind about that. Around the beginning of September I tried to withdraw my tokens to get ready for the long awaited swap with the launch of Ignition, but when I contacted ICO365 about that I was given the first bad news: no withdraw was allowed until the Chinese situation with the exchanges was clear. Of course I was a bit nervous but trusted that it was only going to be a temporary itch, something that would be sorted very soon. Unfortunately if only got worse. After a few days of me chasing them, ICO365 communicated me that the tokens ad been returned to the QTUM Foundation and in order to receive them I had to deal directly with them. After an initial panic and some online research I found this: https://medium.com/@Qtum/qtum-community-development-updates-september-18-31970934b7d3 the famous development update where they were clarifying the timing of the swap >"The Qtum team currently holds all of the main network tokens until the swap happens on October 4th, 2017 (6pm PST)” - and the part I was more interested about - >"A quick reminder to withdraw your Qtum ERC20 tokens from Yunbi.com, and if you have tokens that were not retrieved from ICO365, please e-mail swap@qtum.org >and we will get back to you within 1-2 weeks. "- . I sent my first email to swap@qtum.org on the 19th september, asking for clarification. I didn’t expect them to respond straight away, as they made clear that it would take time, but when 10 days past without any news I started getting worried again. I sent them another email on the 29th asking for any more news and what details they needed from me. I got no answer. On the 2nd of October I sent them a new email, with my ICO365 details, email, username balance and my Bittrex erc20 address, so that they could send them straight there it would be swapped straight away. For the third time no answer. We were getting closer and closer to the swap date, and no one was paying any attention to any of my emails. Of course at QTUM they were very busy with the launch of Ignition, still it had been over 2 weeks and we were not talking peanuts really. We were talking about 48224 tokens, now worth more that an average property, but still no answer. I decided to let the swap period pass so they could sort their things out, but more and more worried by their complete silence. On the 9th of October, when the swap was supposed to had been completed for 5 days, I sent another email with the details from the previous one, specifying that the erc20 address was before the swap, and adding the new QTUM address from Bittrex. At this point I was emailing not only swap@qtum.org, but also foundation@qtum.org, hoping for anyone to answer, or at least to acknowledge that someone was looking into it. Finally, on the 10th of October I received an answer from foundation@qtum.org. It simply read: >tokens are sent >https://etherscan.io/tx/0x011c6d4be72386a5b0082e606172e780fe4d6f93336c8bae9d448a0d9779a1cb Nothing more, not a note, nothing about our previous emails. Not even a greeting, nothing. But even worse, it was an ERC20 transaction. On the 10th of October. After the swap. I panicked straight away, they had sent the tokens to the Bittrex ERC20 address I gave them from the old email, despite the deadline of the swap having being a week before. Why would they do that? First thing I did was to check my Bittrex account, but there was no trace of them there. I contacted Bittrex support straight away, which, contrary to QTUM, responded promptly, unfortunately with bad news: >Hi >They sent it to the wrong address. We won't recover it since it was sent on the 4th after our wallets turned off. You contact them about this problem. >https://support.bittrex.com/hc/en-us/articles/115001606011-Support-for-the-Qtum-QTUM-blockchain-upgrade Now I was gobsmacked and, even worse, seriously worries! It had already been surreal to receive a 2 line answer from QTUM after all the emails I sent them, how was I going to sort this out? In the meantime I received an email from swap@qtum.org which just said: >sorry, we cannot send anything to you because we didn't receive any of your information from ICO365 office. please check with ICO365 first. I didn’t know if I was supposed to laugh or cry. Who was I dealing with? Two email answering my request with opposite responses, both of which didn’t make any sense. More and more worried. I contacted them again forwarding the Bi...

a year 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