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    Cryptocurrency Daily Discussion - March 4, 2020 (GMT+0)

    March 04, 2020

    Cryptocurrency Daily Discussion - March 4, 2020 (GMT+0)

    Daily Discussion - March 4, 2020 (GMT+0)

    Posted: 03 Mar 2020 04:10 PM PST

    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 The prior exemption for karma and age requirements is no longer in effect.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.

    To see prior Skeptics Discussions, click here.

    submitted by /u/AutoModerator
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    Action Required: Users of IOTA's Trinity wallet must migrate their seed by March 6th

    Posted: 03 Mar 2020 03:21 PM PST

    If you opened IOTA's Trinity wallet from December 17, 2019 to February 17, 2020, your tokens might be at risk and you need to take action to prevent theft.

    IOTA has released a Seed Migration Tool to allow users to safely migrate their funds onto a new seed. The migration period is 17:00 (UTC) 29th February 2020 to 17:00 (UTC) 7th March.

    Ledger Nano users are not affected.

    Read about the migration tool & how to use it here: https://blog.iota.org/seed-migration-tool-now-available-c253ccd9d23c.

    For continued updates, see https://status.iota.org.

    Some Notes:

    • The network is still down, and is planned to be restarted on March 10, 2020.
    • If you do not migrate, there is the possibility that the hacker has your seeds, so it is highly stressed that you should use the migration tool.
    • Not really sure why this isn't mentioned in the blog, but there is the possibility you will need to KYC if more than 1 person attempt to migrate from the same seed. The status of your migration (including if you need to KYC) can be seen in the tool. Please see pertinent quotes below:

    Assuming the snapshot is successfully validated by the IOTA community (node operators), we will implement a KYC procedure involving a third party that will enable all users who had their tokens stolen to reclaim them. The same procedure will also be required for certain cases in which the migration tool is used fraudulently or incorrectly. More information on this process will follow shortly.

    Your migration can have one of the following migration statuses: Secured: The Coordinator has confirmed your migration. You are free to send value transactions, using your new seed. Submitted: Your migration is waiting to be processed. Check back after the migration period because further action may be required. ID Required: Someone else tried to use the Seed Migration Tool with your seed. Please see the Identity Verification Process for more information. You will need your migration log file.

    • The strike-through above was from a IF quote, but is no longer true. Folks who's coins were stolen and sold are no longer able to reclaim them. IOTA is working on a solution for this though and is apparently in contact with those folks individually.
    • How they are exactly determining who's the legit owner via KYC I'm not sure, nor have they released that information publicly yet to my knowledge.
    • The migration tool was originally closed source, but has since been released open source. The IOTA Foundation's reasoning for this decision can be read in their blog. TL;DR below:

    Many in the community have asked, why was the Seed Migration Tool not open sourced from the moment it was released, or even — why wasn't the development process done in the clear? Doesn't this violate first principles of open source?

    In this situation of duress after a successful cyber-attack, we hope that we can be forgiven for taking extra security precautions. With a potentially active attacker, we elected to slow them down by hindering their insight into our development processes, devops practices, and endpoints.Now that the window has closed where this advantage was useful for our defense, we have published the source code, derivative binaries and the checksums as referenced in our blog post announcing this tool:

    Repository Address: https://github.com/iotaledger/seed-migration-tool

    submitted by /u/MadCybertist
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    Supreme Court of India reverses ban on cryptocurrency, trading resumed

    Posted: 03 Mar 2020 09:46 PM PST

    [Breaking] SC Quashes Reserve Bank of India's Ban On Cryptocurrency

    Posted: 03 Mar 2020 09:27 PM PST

    Germany recognizes Bitcoin as a legal financial instrument

    Posted: 03 Mar 2020 07:09 PM PST

    Is it me? or are these unscheduled system maintenance`s just really bad timing ; )

    Posted: 04 Mar 2020 04:05 AM PST

    Data researcher Geoff Golberg sues Twitter for deleting his profile after he exposed a large amount of bots set up to promote the cryptocurrency XRP

    Posted: 04 Mar 2020 05:25 AM PST

    The CEO of the largest Australian crypto exchange, address the growing crypto and blockchain environment in Australia.

    Posted: 04 Mar 2020 12:41 AM PST

    India’s Top Court Strikes Down Curbs on Cryptocurrency Trade

    Posted: 03 Mar 2020 09:49 PM PST

    Let us not forget the guy who sparked the great bullrun of 2017!

    Posted: 04 Mar 2020 12:04 AM PST

    Russia's main opposition leader Alexei Navalny said Tuesday that authorities had frozen all of his bank accounts and those of his family, including his elderly parents. The 43-year-old anti-corruption blogger, has emerged as President Vladimir Putin's most prominent critic

    Posted: 03 Mar 2020 02:01 PM PST

    Bitcoin halving is less than 10,000 blocks away!

    Posted: 03 Mar 2020 02:34 PM PST

    Proof of Poloniex, Huobi, Binance Collusion with Justin Sun to Take over STEEM

    Posted: 03 Mar 2020 12:33 PM PST

    India lifts ban on cryptocurrency trading

    Posted: 04 Mar 2020 12:24 AM PST

    First STO on Tezos launched yesterday at the Consulat Général de France in New York.

    Posted: 04 Mar 2020 04:19 AM PST

    SC allows trade in cryptocurrency, quashes RBI curb The Supreme court ruled that the curbs on cryptocurrency trading was illegal.

    Posted: 04 Mar 2020 12:29 AM PST

    Something beautiful is happening on the Steem blockchain right now

    Posted: 03 Mar 2020 09:51 AM PST

    The community is coming together and voting up their witnesses to surpass the Justin Sun witnesses that are using Steemit inc ninjamined stake that was never meant to vote for witnesses and take over governance. Binance and Huobi backed off and unvoted the witnesses after pushback on Twitter, Poloniex is still voting. Basically anyone on this list with 0 missed blocks belongs to Justin Sun/Tron: https://steemd.com/witnesses and if you look at the top witness: https://steemd.com/@yabapmatt you can see the amount of witness votes coming in from all the users on Steem.

    If you want to help, do a bankrun on Binance and withdraw your liquid Steem to your Steem accounts, no need to power up if you don't want to wait 3 months to liquidate it again but this will prevent Justin Sun from buying more to vote in his witnesses which he's doing on this account: https://steemd.com/@hkdev404

    Bittrex has not colluded in witness voting and is one of the only exchanges left with liquid Steem right now, the other 3 have close to no liquid Steem left.

    History in the making of DPOS governance and the community fighting back vs Tron forcefully taking over and wanting to push a hardfork to reduce powerdowns drastically that might break how voting on posts works and possibly break the chain due to 7 day reward payout from the reward pool.

    Feel free to ask if you want to know more!

    submitted by /u/Acidyo
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    India’s apex court lifts the ban on cryptocurrency trading

    Posted: 04 Mar 2020 01:43 AM PST

    cryptocurrency: Supreme Court of India allows trade in cryptocurrency, quashes RBI curb.

    Posted: 03 Mar 2020 10:46 PM PST

    Facebook is shifting its Libra cryptocurrency plans after intense regulatory pressure

    Posted: 04 Mar 2020 05:42 AM PST

    Hedera Hashgraph HBAR Bull Case 3 Questions Answered

    Posted: 04 Mar 2020 04:23 AM PST

    Federal Reserve announces its first emergency rate cut since the financial crisis

    Posted: 03 Mar 2020 08:43 AM PST

    Bitcoin Suisse updates Tezos baking service, making it easier to get started and more profitable for clients

    Posted: 04 Mar 2020 05:18 AM PST

    StormX Embeds StormShop in Mobile App, Paving Way for Crypto Rewards

    Posted: 04 Mar 2020 04:29 AM PST

    Red Swan tokenises US$2.2 billion of real estate on Hedera Hashgraph via Polymath

    Posted: 04 Mar 2020 04:24 AM PST

    Using Polymath, Red Swan Reportedly Tokenizes $2.2 Billion of Real Estate Assets

    Posted: 04 Mar 2020 04:22 AM PST
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