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    Cryptocurrency Daily Discussion - May 10, 2019 (GMT+0)

    May 10, 2019

    Cryptocurrency Daily Discussion - May 10, 2019 (GMT+0)

    Daily Discussion - May 10, 2019 (GMT+0)

    Posted: 09 May 2019 05:14 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 The prior exemption for karma and age requirements is no longer in effect.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
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    Transparency (once again): Rep. Brad Sherman, who called for a bill to ban all cryptocurrencies in US Congress, has a credit card processing company as largest campaign donor.

    Posted: 09 May 2019 03:45 PM PDT

    Me right now after selling all of my BTC last week

    Posted: 09 May 2019 10:03 PM PDT

    Andreas M Antonopoulos lashes out at Binance CEO to even considering bitcoin reorg as an option

    Posted: 09 May 2019 12:00 PM PDT

    Me seeing the price going up everyday after surviving 2018

    Posted: 09 May 2019 11:32 PM PDT

    “For everyone who wants to call Congressman Sherman's office and leave a complaint, the phone number is (202)-225-5911 #DecentralizedGovernance” (“Today in Congress, Rep. Sherman called for a bill to ban all cryptocurrencies.”)

    Posted: 10 May 2019 03:36 AM PDT

    Congress calls for a bill to ban all cryptocurrency

    Posted: 09 May 2019 02:34 PM PDT

    Bitcoin dominance is now 57.8%, nearing December2017 bull run highs of Approx 60%.

    Posted: 09 May 2019 09:42 PM PDT

    Interested to see if 60% bitcoin dominance is also some sort of resistance. I guess that is USD 6400 really is a larger resistance than previous levels, we may be trading in an alt season zone. Also possible, total capitulation of alts, even the most business oriented ones with working projects. What is next?

    submitted by /u/rookert42
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    Designing a Security Token Blockchain. Design choices series (1): Permissionless vs Permissioned.

    Posted: 10 May 2019 02:16 AM PDT

    Reuters about Binance hack (full analysis by Coinfirm)

    Posted: 10 May 2019 02:52 AM PDT

    Reuters about Binance hack (full analysis by Coinfirm)

    According to blockchain analytics company Coinfirm, the hackers have moved the stolen bitcoin through several digital wallets, with almost all the coins now sitting in seven digital addresses. Although the movement of cryptocurrencies can be traced, the identity and location of the hackers or owners of the wallets holding the stolen coins is unknown, Coinfirm said.

    Source: https://twitter.com/AMLT_Token/status/1126784443308494849

    Reuters: https://www.reuters.com/article/us-crypto-currencies-binance-idUSKCN1SF230

    submitted by /u/wallhardboy
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    The Farewell Moment

    Posted: 10 May 2019 02:07 AM PDT

    Is it meme time yet?

    Posted: 09 May 2019 08:58 PM PDT

    6 Years of Bitcoin accumulation and I've finally gone the extra mile when it comes to security. (Fire proof)

    Posted: 09 May 2019 12:34 PM PDT

    Binance Hacker Consolidates Stolen Bitcoin to Seven Addresses

    Posted: 10 May 2019 03:24 AM PDT

    Anyone else find the timing of the Facebook crypto ad ban and then the lifting of the ban peculiar?

    Posted: 09 May 2019 11:18 PM PDT

    I find it odd how a lot of the big industry names were generating FUD and were making moves against crypto at the end of 2017 and beginning of 2018. Now a lot of the same names are reversing their decisions and generating positive news for crypto in general. Odd to say the least.

    submitted by /u/fuck-pharma
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    BTC hits 2019 high; Whales move $218 million in crypto; Mortgages are coming to Ethereum; PayPal not interested in crypto sector; Adoption remains strong in Venezuela; Belfast to launch city-based cypto; Latest news about BTC, ETH, XRP, EOS, BNB and more.

    Posted: 09 May 2019 11:27 PM PDT

    Why aren’t alts keeping up with bitcoin?

    Posted: 09 May 2019 09:20 PM PDT

    Mr. Buffet rekt due to Actual Ponzi �� Karma??

    Posted: 09 May 2019 08:24 PM PDT

    MIX Acuity Decentralized Browser Alpha Testing Update

    Posted: 09 May 2019 10:45 PM PDT

    Industructable crypto storage

    Posted: 09 May 2019 11:32 PM PDT

    Localcoin - Canada's Largest Bitcoin ATM Provider Expands into the United States

    Posted: 09 May 2019 02:11 PM PDT

    Berkshire Hathaway Victim of ‘Ponzi-Type’ Solar Scheme

    Posted: 09 May 2019 06:01 PM PDT

    They Can't Stop the Revolution

    Posted: 09 May 2019 08:19 PM PDT

    In response to Rep. Sherman calling for the outright BAN of Cryptocurrenices (not like it'll happen anyways), let's Donate to or Tip our current top Pro-Crypto Candidates/Congress Members.

    -Tulsi Gabbard -Andrew Yang

    Doesn't matter the amount. Could be .50 cents worth of Crypto. Could be 5 dollars worth. Let's make it known we support those who support us and the Technological Revolution towards a better system.

    (If there are any other Pro-Crypto candidates that you know of, let me know and I'll update the list.)

    submitted by /u/DawnPhantom
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    Connecting the dots with the Binance "hack"

    Posted: 09 May 2019 01:30 PM PDT

    Binance is lying outright or by omission. Not ONE person has come out and demonstrated their account was one of the ones that was compromised. The hacker would have had to bypass email authentication, sign in, two-factor authentication, and API keys for enough accounts to get 7,000 bitcoin. There are no unusual trades during this period which would allow a hacker to trade bitcoin out of user wallets into their own within the exchange in order to bypass 2FA/email withdraws on some accounts. If it was really the case thousands of accounts were compromised at least one person would have come out publicly about their account. The way I see it there are three options. 1) this hack didn't happen and its an excuse to lock withdraws 2) it was an inside job from Binance staff member(s) 3) the entire exchange has fatal bugs in the base code that were exploited.

    It is highly suspicious that Binance initially claimed they were doing emergency maintenance, then admitted to being hacked and that they would recoup all losses out of pocket without taking the time to investigate this hack AT ALL. Why would they recoup losses out of pocket if it was the users fault? It is absolutely not a sustainable business practice and it is rife for abuse. Not to mention, the timing of this all occurring as Tether and Bitfinex are being indicted by the NY AG and a bank run is occurring on the Bitfinex exchange. Tether was shown to only be ~75% backed. Remember, Binance is/was the largest holder of tether, and just a day or two before the "hack" they moved ~740M through thousands of accounts/transactions. Now the Binance Tether coldwallet has only ~600M tether. Where did the other 140M go? The move was structured like a blend. Also, anecdotally, I am notcing a severe uptick in Binance astroturfing.

    submitted by /u/Average_JoAnn
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    Bitfinex users unable to withdraw funds, $430 million drained from exchange cold wallets

    Posted: 09 May 2019 08:07 AM PDT
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