• Breaking News

    Wednesday, May 1, 2019

    Home Unlabelled Cryptocurrency Daily Discussion - May 1, 2019 (GMT+0)

    Cryptocurrency Daily Discussion - May 1, 2019 (GMT+0)

    May 01, 2019

    Cryptocurrency Daily Discussion - May 1, 2019 (GMT+0)

    Daily Discussion - May 1, 2019 (GMT+0)

    Posted: 30 Apr 2019 05:15 PM PDT

    Welcome to the Daily Discussion. Please read the disclaimer, guidelines, and rules before participating.

    Disclaimer:

    Though karma rules still apply, moderation is less stringent on this thread than on the rest of the sub. Therefore, consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could be an attempt to manipulate new readers by known "pump and dump (PnD) groups" for their own profit. BEWARE of such practices and exercise utmost caution before acting on any trade tip mentioned here.

    Rules:

    • All sub rules apply in this thread. The prior exemption for karma and age requirements is no longer in effect.
    • Discussion topics must be related to cryptocurrency.
    • Comments will be sorted by newest first.
    submitted by /u/AutoModerator
    [link] [comments]

    In light of Tether’s vast negligence, should the community call on exchanges to delist?

    Posted: 01 May 2019 04:21 AM PDT

    It’s now time to seriously reconsider USDT - Tether legal council admits stablecoin not backed 1:1

    Posted: 30 Apr 2019 03:06 PM PDT

    Can we appreciate this moment. Tether officially not backed 1:1 and we are in the green.

    Posted: 01 May 2019 12:42 AM PDT

    Innovating computation and the chip manufacturing industry: IOTA's Qubic Computation Model

    Posted: 01 May 2019 01:05 AM PDT

    A simple(r) explanation of the Qubic Computation Model. IOTA aims to enable a machine-to-machine economy, for devices on the Internet of Things. These devices need to work with low amounts of power and in harsh physical environments.

    Traditional electronics use complex mechanisms that consume a lot of energy and are more sensitive to these environments. With the QCM we aim to create a more energy-efficient and resilient model for such devices.

    https://blog.iota.org/eli9-the-qubic-computation-model-623417f94777

    submitted by /u/nstratz
    [link] [comments]

    Stop excusing Bitfinex just because it’s 74% backed and other banks are less backed

    Posted: 30 Apr 2019 04:29 PM PDT

    First and foremost, Tether is not a bank and never claimed to be.

    Second of all, most banks don't lie to you about how much they're backed. Fractional reserve banking exists but banks are upfront about it. Bitfinex/Tether CLAIMED to be backed 1:1 and did not disclose this to customers. This is by every definition fraud.

    Lastly, in most banks (don't give me rare counter examples), your money and withdrawals won't be stuck for months as was the case for many on Bitfinex, since they have regulated insurance policies and larger central banks backing them.

    Don't forget that even now, the claim that they are 74% backed could also be false just like their last claim. Who knows what the real backed amount is. What they committed was fraud and it's upsetting to see some people justify this just because it may affect Bitcoin's price.

    submitted by /u/eth_trader_12
    [link] [comments]

    Remember when MtGox warned everyone to withdraw their crypto before they permanently stopped all withdrawals?

    Posted: 30 Apr 2019 01:28 PM PDT

    "Me neither."

    That was a tweet by Bitfinexed, which last night I took to heart and went ahead and emptied out all my exchange accounts.

    It's liberating. The feeling of sending crypto from one wallet to another, no middle man involved. Having full control of my own funds, and the ability to transfer that without anybody saying I can in a trustless manner; that's value right there, imho.

    It took a while, but luckily Ledger has come a long way since 2017, and can store a variety of cryptos nowadays.

    Just a friendly reminder to y'all (because no exchange ever will) to make sure you hold your own keys to those precious coins you own. Especially in murky uncertain times like these, when the biggest exchanges which we think are safe and are so large that nothing can happen to them; the world is reminding us to proceed with caution.

    Protip: Transfer to Coinbase Pro first, then withdraw from there to your external wallet, Coinbase Pro pays the miners fees for you

    Withdraw your crypto, you'll be glad you did.

    submitted by /u/childofthedub
    [link] [comments]

    Austin TX partners with the IOTA Foundation to bring the future of mobility to Austin

    Posted: 30 Apr 2019 12:10 PM PDT

    Here's the guy who just got indicted for conspiracy to commit bank fraud. He's connected to Tether/Bitfinex/$900M

    Posted: 30 Apr 2019 05:40 PM PDT

    https://en.wikipedia.org/wiki/Reggie_Fowler

    Here ya go. Everything checks out. He owned the address where Bitfinex USD deposits were being sent in Arizona (4939 West Ray Road, Chandler Arizona) and started the company Global Trading Solutions LLC in Colorado. He claimed, according to ESPN, he owned $300 million in assets in Arizona and Colorado. (http://www.espn.com/nfl/news/story?id=1995986) His Wiki mentions his Arizona businesses and if you Google him regarding his past attempt to buy the Minnesota Vikings, you see he claims to have lots of business in Colorado too.

    Global Trading Solutions Aktiengesellschaft was the Swiss company that owned Crypto Capital Corporation (who lost the $900M). Same name as above more or less, right?

    They're all connected.

    Reggie Fowler <-> Global Trading Solution llc <-> Global Trade Solutions AG <-> Crypto Capital <-> Bitfinex <-> Tether.

    Funny enough, this guy was the same guy who tried to buy the Minnesota Vikings and couldn't come up with the money, and just recently said he was going to invest in the now defunct AAF... but didn't come up with the money.

    Surely Bitfinex/Tether would do their due diligence and their chief compliance officer would never miss something like this, right?

    submitted by /u/uiuyiuyo
    [link] [comments]

    We will be moving USDT funds to a new cold wallet address. One large transaction coming. Funds are #SAFU

    Posted: 30 Apr 2019 11:01 AM PDT

    If you want to hold USD then hold USD. Don't hold USDT.

    Posted: 01 May 2019 05:09 AM PDT

    Only use exchanges that offer fiat on/off ramps. There is no reason why a legitimate exchange cannot offer a fiat/crypto service.

    I have no sympathy for anyone who is fucking around with USDT in this market. If you want to buy fiat then fuck off and buy it.

    USDT isn't crypto, its a con. Its fake dollars. It isn't backed by fuck all. So stop buying it.

    submitted by /u/engineer_rain
    [link] [comments]

    Live from Time Square NY - BOLT x Nasdaq. Adoption is coming

    Posted: 30 Apr 2019 10:10 AM PDT

    Coinbase Custody Supports Their First Chain Swap with Kin - Signaling Coinbases' Continued Commitment to Broadening Features to Compete with Binance!

    Posted: 30 Apr 2019 03:10 PM PDT

    Had my Kraken account go to zero with no withdrawals or transfers (please help me get Krakens attention)

    Posted: 30 Apr 2019 06:41 AM PDT

    So I left 1.6 BTC on exchange for a whopping 24 hours and was preparing to liquidate it when I noticed my account was empty. No withdrawals, no transfer, no API keys, no notifications of any kind... yet somehow the account was empty.

    Checked further and there were tons of unauthorized token to token trades on exchange, suggesting someone other than me had gotten control of my account somehow but they never withdrew a dime. So now Kraken is the only beneficiary of this peculiar behavior but they are refusing to help me.

    I have a sneaking suspicion something is going on internally over there but either way I'd really like it if I was able to get my money back. All of it seems to have been burned on Kraken fees so it would be a simple matter of them issuing me a refund on the fees for any unauthorized transactions but they've shut down all communication.

    I've notified the cyber crimes division in my region but Reddit seems to have a far higher success rate in getting people their money back, so I appreciate any and all support in getting this seen by someone high up enough in Kraken to help me.... definitely not sleeping tonight either way.

    Here's an imgur link to the screenshots showing that there were no withdrawals or transfers in that time:

    https://imgur.com/a/T1dQ2eg

    submitted by /u/Fu_Man_Chu
    [link] [comments]

    Moving Average Crossover trading strategies vastly outperform holding ETH. Analysis in the comments.

    Posted: 30 Apr 2019 01:28 PM PDT

    Appbrain: Brave Browser BAT doing 1 million downloads monthly on Android

    Posted: 30 Apr 2019 10:27 AM PDT

    Appbrain: Brave Browser BAT doing 1 million downloads monthly on Android

    Appbrain is reporting 1 million downloads per month. It estimated 24 million downloads as of today. This is Android only not include Web and Apple.

    Processing gif j65p5d17rfv21...

    Screenshot: https://imgur.com/cD91gEE

    submitted by /u/Wega58
    [link] [comments]

    Cryptocurrency Thefts, Fraud Hit $1.2 Billion in First Quarter-Report - NY Times

    Posted: 30 Apr 2019 04:57 PM PDT

    Bitfinex is planning an Initial Exchange Offering (IEO). My guess is that they'll use a shill buyer to ensure a high "market" price, and then Bitfinex will say their treasury supply of BFX tokens are backing Tether's USDT.

    Posted: 30 Apr 2019 02:54 PM PDT

    Bitfinex is supposedly planning an Initial Exchange Offering (IEO).

    My guess on what their strategy is:

    • Bitfinex will announce an IEO (let's call them BFX tokens). Let's say 1 billion BFX tokens will be created, and 100 million BFX tokens will be up for sale.

    • Bitfinex will use an affiliated entity to buy 100 million BFX tokens at $1 each, thus ensuring all BFX tokens will be sold at at least $1, even if nobody else buys any.

    • When the BFX tokens start trading, Bitfinex will basically place a big buy wall at $1, and only sell at prices above $1.

    • Thus, BFX token will have a market price of at least $1, and market cap of at least $1 billion.

    • Then Bitfinex will take their unsold treasury supply of 900 million BFX tokens, with a supposed market value of $900 million, and declare that to be backing Tether's USDT.

    Of course, that's accounting fraud, since Tether would never be able to sell those 900 million BFX tokens at $1 each, since the actual market demand for BFX tokens will be very low.

    It'll just be a mark-to-market accounting trick, as a way to claim that USDT is fully backed by liquid assets.

    submitted by /u/normal_rc
    [link] [comments]

    Finland’s Bitcoin and Crypto Regulations: Red Alert for Crypto Exchanges

    Posted: 30 Apr 2019 10:10 PM PDT

    Finland has approved a new law to regulate cryptocurrency services after the country's president signed the bill that was passed by the Finnish parliament in March. This is the first time a law of such nature has been implemented in the country. According to the new law, all exchanges would be required to register with the country's financial regulation authority and abide by their statutes.

    submitted by /u/l_Murray
    [link] [comments]

    Thoughts on Bitfinex/USDT and crypto

    Posted: 30 Apr 2019 11:46 PM PDT

    This is going to drive people away from centralized entities and towards decentralized platforms like bitcoin and ethereum.

    As a reminder:

    The only way you are safe is if YOU protect the keys of your holdings people. This is what crypto is about. If you must use an exchange then expose yourself to the risk for as little time possible.

    submitted by /u/5starkarma
    [link] [comments]

    Help! Will I lose my coins if I withdraw from Bittrex to Coinbase this way?

    Posted: 01 May 2019 12:48 AM PDT

    I'm from NY, and I need to take my coins out of Bittrex. I have altcoins in it.

    I thought you need to first convert the altcoins into the main coins that coinbase accepts (I have ripple and sia), but when I try to change it on bittrex to the main one, something pops up saying it's not allowed for NY residents! If I withdraw them right to coinbase directly then won't the coins disappear?

    How do I get my coins out of it and either into my bank or into coinbase? Will give gold to whoever helps, I have a lot of coin in there! Thanks!

    submitted by /u/stealnova
    [link] [comments]

    It’s now time seriously reconsider using USDT - Tether legal council admits currency is not backed 1:1

    Posted: 30 Apr 2019 02:54 PM PDT

    Bloomberg: Bitcoin Trading at $300 Premium on Exchange Accused of Mischief

    Posted: 30 Apr 2019 03:19 PM PDT

    US Attorney General charges two individuals for ‘providing shadow banking services’ to crypto exchanges; including Bitfinex.

    Posted: 30 Apr 2019 01:20 PM PDT

    USAG charges two individuals for 'providing shadow banking services' to crypto exchanges; including Bitfinex

    April 30, 2019,

    https://www.theblockcrypto.com/tiny/us-ag-charges-two-individuals-for-providing-shadow-banking-services-to-crypto-exchanges-including-bitfinex/

    "Global Trading Solutions" served as a banking partner with crypto exchange Bitfinex, which was issued a lawsuit recently by the New York Attorney General's Office.

    https://twitter.com/lawmaster/status/1048515520482484224

    submitted by /u/normal_rc
    [link] [comments]

    Nasdaq Adding Index for XRP Cryptocurrency to Global Data Service

    Posted: 30 Apr 2019 05:14 AM PDT
    Read more
    at

    No comments:

    Post a Comment