Quadriga CEO Death - Bitcoin News, Recent Updates, Price ...

Centralized exchanges and their risks

Centralized exchanges and their risks
The ecosystem of 2Ether will include a decentralized exchange, 2EtherEx. How are decentralized exchanges – DEX – different from traditional centralized exchanges? Are they really better? What issues do they face? We'll tell you all about it a series of posts. This time, we'll look at centralized exchanges – why they have nothing to do with real decentralization and what risks they pose.
Big exchanges like Coinbase and Huobi allow you to trade in decentralized crypto assets, but they themselves are completely centralized. This is for three reasons:
1) All transactions are processed off-chain and recorded in the exchange's own database. All those thousands of trades made every day on Coinbase, for example, are never recorded on the blockchain.
2) Client funds are stored in a centralized way. When you deposit money on an exchange, it goes into the main wallet of the exchange. It's huge – there are millions of dollars' worth of crypto there. If you send money from your blockchain wallet, then this – and only this – operation is recorded on the blockchain. After this, the centralized exchange assigns you credit of sorts – it puts as much crypto on your individual account as you put in the main wallet. At the end of trading, when you want to withdraw your profits, you sort of exchange those credits for the real crypto, which gets sent to your wallet. This transaction is also recorded on the blockchain. But everything in between has nothing to do with decentralization.
3) The exchange management is centralized – it's in the hands of a few people. They can become very powerful, and their decisions influence what happens to your funds. For example, Changpeng Zhao, the CEO of Binance, has such weight in the industry that he doesn't even comment on the potential of any coins. On the other hand, illegal actions taken by exchange executives can have terrible consequences. When the CEO of the Canadian exchange Quadriga was found dead in India, it turned out that almost $100 million were missing from the accounts. This money will probably never be found.
Centralization of exchanges has several more risks:
- Easy target for hackers. We've all heard about massive thefts from exchanges – sometimes up to $500 million. Since all the funds are stored together, exchanges' wallets are among the most attractive things to hack, so criminals keep trying.
- Market manipulations. Exchanges and their partners do lots of wash trading, fictitious deals, front-running, etc. It's estimated that over 80% of all Bitcoin trading volume is essentially fake. Exchanges want to be in the top-10 by volume – and most of their revenue comes from commissions. So they will allow bots and many dubious practices, even if their Terms of Use usually say that you can't manipulate the market in any way.
- Arbitrary actions. An exchange can suddenly close operations in a certain country, introduce an obligatory KYC, or delist an asset.
So if centralized exchanges are so risky, why do most traders use them? The reason is that they have some very serious advantages, too. We'll look at those advantages in our next post.
https://2ether.com/
Web site — https://2ether.com/ Twitter — https://twitter.com/2Ether_ Discord — https://discord.gg/TuqG4py Facebook — https://www.facebook.com/2Ethe Reddit — https://www.reddit.com/use2Ether Medium — https://medium.com/@2ether Teletype — https://teletype.in/@2ether Telegram — https://t.me/ether2support Telegram chat — https://t.me/blockchain_2ether
submitted by 2Ether to u/2Ether [link] [comments]

r/Bitcoin recap - November 2018

Hi Bitcoiners!
I’m back with the 23rd monthly Bitcoin news recap.
For those unfamiliar, each day I pick out the most popularelevant/interesting stories in Bitcoin and save them. At the end of the month I release them in one batch, to give you a quick (but not necessarily the best) overview of what happened in bitcoin over the past month.
You can see recaps of the previous months on Bitcoinsnippets.com
A recap of Bitcoin in November 2018
Adoption
Development
Security
Mining
Business
Research
Education
Regulation & Politics
Archeology (Financial Incumbents)
Price & Trading
Fun & Other
Congratulations Bitcoin on about to be 1 Million subscribers! See you next month!
submitted by SamWouters to Bitcoin [link] [comments]

‘Youngest Bitcoin Millionaire’ Willing to Stake it All on Metal Pay

‘Youngest Bitcoin Millionaire’ Willing to Stake it All on Metal Pay
https://preview.redd.it/f2hdpngkljh31.png?width=2000&format=png&auto=webp&s=5cc57b932f5e950203aec3cabcd9e686a6f9c585
Metallicus, the startup behind the peer-to-peer payments platform Metal Pay, received an undisclosed angel investment from the youngest bitcoin millionaire, Erik Finman.
In partnership with Metal Pay CEO Marshall Hayner, the two look to develop the first “all-in-one” cryptocurrency banking platform, which includes a 17 digital asset exchange, a digital bank and a payments application with social features similar to Venmo.
Founded in September, Metal Pay has processed approximately $11 million in total payments from nearly 130,000 registered users across 38 states. On a monthly basis, the company processes $1 million in crypto or fiat for around 30,000 active users, according to Hayner.
Finman staked a modest amount of bitcoin to finance the development of the banking and exchange ecosystem, he said, which currently holds approximately $2 million in crypto and fiat on the platform. Though Finman is willing to put in his entire “400 something” bitcoin fortune to fund Metal Pay’s growth, the 20 year old told CoinDesk.
“We’re looking to beat bitcoin,” Finman said.
“I’ve been a bit back and forth in the past (‘crypto is dead’/ ‘resurrect Bitcoin’) but have found in recent months, especially, that the bitcoin community is super fragmented. And the actual usability for bitcoin is minimal,” Finman said.
This project is an attempt to move beyond the siloed developments within the crypto industry and become a usable financial tool, he said.
Hayner agrees, and said crypto has grown to mirror “the existing financial industry,” rather than the open-source community where he found his footing in “the days when you could still mine BTC on a MacBook.”
Before Metal’s founding in 2016, Hayner helped build Stellar, Dogecoin and Block.io. The company previously received $3 million in funding from G2 Ventures, Gateway and Shapeshift CEO Erik Voorhees.

Crypto meets conventional

The two took a “crypto-agnostic” approach when building the system and have worked actively with regulators.
Metal Pay is partnered with Arkansas-based Evolve Bank and Trust to provide FDIC insured deposit accounts. As the platform develops, Evolve will help Metal Pay introduce a number of financial products associated with conventional banking services.
In 2018, Hayner also developed a proof of processed payment as a means of distributing MTL tokens native to the platform. The proof reaches consensus and validates transactions conducted on Metal Pay.
Instead of a mining reward, however, the counterparties receive up to 5 percent of the transaction volume in MTL, which, “for consumers, is construed as cash back,” said Hayner. These rewards, called Pop can be converted into fiat, sent to another Metal Pay user, or held as an investment.
MTL holders are rewarded in additional ways. For instance, those that “hold over 10,000 MTL on an average spot price between Binance, Kraken and Bittrex,” will not be charged fees. Further, Hayner said the company intends to offer free trading on MTL specific pairs and fee-less options for merchants following the introduction of Metal Merchant.
Metal Pay looks to gain market validation in a crowded field of payment apps like Venmo and Cash App. Hayner recognizes the difficulty in attracting non-crypto users, and is working to build an application that passes industry muster first.
He said:
“Bitcoin is flawed, but only in the way the Ford Model T was flawed, the concept of a car will live on and constantly be improved upon, hopefully it builds upon the existing model and there is always room for Ford, Toyota, Mazda, BMW, Tesla even!”
submitted by Rajladumor1 to omgfin [link] [comments]

Trading Cryptocurrency Markets

Hello! My name is Slava Mikhalkin, I am a Project Owner of Crowdsale platform at Platinum, the company that knows how to start any ICO or STO in 2019.
If you want to avoid headaches with launching process, we can help you with ICO and STO advertising and promotion. See the full list of our services: Platinum.fund
I am also happy to be a part of the UBAI, the first educational institution providing the most effective online education on blockchain! We can teach you how to do ICO/STO in 2019. Today I want to tell you how to sell and transfer cryptocurrencies.
Major Exchanges
In finance, an exchange is a forum or platform for trading commodities, derivatives, securities or other financial instruments. The principle concern of an exchange is to allow trading between parties to take place in a fair and legally compliant manner, as well as to ensure that pricing information for any instrument traded on the exchange is reliable and coherently delivered to exchange participants. In the cryptocurrency space exchanges are online platforms that allow users to trade cryptocurrencies or digital currencies for fiat money or other cryptocurrencies. They can be centralized exchanges such a Binance, or decentralized exchanges such as IDEX. Most cryptocurrency exchanges allow users to trade different crypto assets with BTC or ETH after having already exchanged fiat currency for one of those cryptocurrencies. Coinbase and Kraken are the main avenue for fiat money to enter into the cryptocurrency ecosystem.
Function and History
Crypto exchanges can be market-makers that take bid/ask spreads as a commission on the transaction for facilitating the trade, or more often charge a small percentage fee for operating the forum in which the trade was made. Most crypto exchanges operate outside of Western countries, enabling them to avoid stringent financial regulations and the potential for costly and lengthy legal proceedings. These entities will often maintain bank accounts in multiple jurisdictions, allowing the exchange to accept fiat currency and process transactions from customers all over the globe.
The concept of a digital asset exchange has been around since the late 2000s and the following initial attempts at running digital asset exchanges foreshadows the trouble involved in attempting to disrupt the operation of the fiat currency baking system. The trading of digital or electronic assets predate Bitcoin’s creation by several years, with the first electronic trading entities running afoul of the Australian Securities and Investments Commission (ASIC) in late 2004. Companies such as Goldex, SydneyGoldSales, and Ozzigold, shut down voluntarily after ASIC found that they were operating without an Australian Financial Services License. E-Gold, which exchanged fiat USD for grams of precious metals in digital form, was possibly the first digital currency exchange as we know it, allowing users to make instant transfers to the accounts of other E-Gold members. At its peak in 2006 E-Gold processed $2 billion worth of transactions and boasted a user base of over 5 million people.
Popular Exchanges
Here we will give a brief overview of the features and operational history of the more popular and higher volume exchanges because these are the platforms to which newer traders will be exposed. These exchanges are recommended to use because they are the industry standard and they inspire the most confidence.
Bitfinex
Owned and operated by iFinex Inc, the cryptocurrency trading platform Bitfinex was the largest Bitcoin exchange on the planet until late 2017. Headquartered in Hong Kong and based in the US Virgin Island, Bitfinex was one of the first exchanges to offer leveraged trading (“Margin trading allows a trader to open a position with leverage. For example — we opened a margin position with 2X leverage. Our base assets had increased by 10%. Our position yielded 20% because of the 2X leverage. Standard trades are traded with leverage of 1:1”) and also pioneered the use of the somewhat controversial, so-called “stable coin” Tether (USDT).
Binance
Binance is an international multi-language cryptocurrency exchange that rose from the mid-rank of cryptocurrency exchanges to become the market dominating behemoth we see today. At the height of the late 2017/early 2018 bull run, Binance was adding around 2 million new users per week! The exchange had to temporarily disallow new registrations because its servers simply could not keep up with that volume of business. After the temporary ban on new users was lifted the exchange added 240,000 new accounts within two hours.
Have you ever thought whats the role of the cypto exchanges? The answer is simple! There are several different types of exchanges that cater to different needs within the ecosystem, but their functions can be described by one or more of the following: To allow users to convert fiat currency into cryptocurrency. To trade BTC or ETH for alt coins. To facilitate the setting of prices for all crypto assets through an auction market mechanism. Simply put, you can either mine cryptocurrencies or purchase them, and seeing as the mining process requires the purchase of expensive mining equipment, Cryptocurrency exchanges can be loosely grouped into one of the 3 following exchange types, each with a slightly different role or combination of roles.
Have you ever thought about what are the types of Crypto exchanges?
  1. Traditional Cryptocurrency Exchange: These are the type that most closely mimic traditional stock exchanges where buyers and sellers trade at the current market price of whichever asset they want, with the exchange acting as the intermediary and charging a small fee for facilitating the trade. Kraken and GDAX are examples of this kind of cryptocurrency exchange. Fully peer-to-peer exchanges that operate without a middleman include EtherDelta, and IDEX, which are also examples of decentralized exchanges.
  2. Cryptocurrency Brokers: These are website or app based exchanges that act like a Travelex or other bureau-de-change. They allow customers to buy or sell crypto assets at a price set by the broker (usually market price plus a small premium). Coinbase is an example of this kind of exchange.
  3. Direct Trading Platform: These platforms offer direct peer-to-peer trading between buyers and sellers, but don’t use an exchange platform in doing so. These types of exchanges do not use a set market rate; rather, sellers set their own rates. This is a highly risky form of trading, from which new users should shy away.
To understand how an exchange functions we need only look as far as a traditional stock exchange. Most all the features of a cryptocurrency exchange are analogous to features of trading on a traditional stock exchange. In the simplest terms, the exchanges fulfil their role as the main marketplace for crypto assets of all kinds by catering to buyers or sellers. These are some definitions for the basic functions and features to know: Market Orders: Orders that are executed instantly at the current market price. Limit Order: This is an order that will only be executed if and when the price has risen to or dropped to that price specified by the trader and is also within the specified period of time. Transaction fees: Exchanges will charge transactions fees, usually levied on both the buyer and the seller, but sometimes only the seller is charged a fee. Fees vary on different exchanges though the norm is usually below 0.75%. Transfer charges: The exchange is in effect acting as a sort of escrow agent, to ensure there is no foul play, so it might also charge a small fee when you want to withdraw cryptocurrency to your own wallet.
Regulatory Environment and Evolution
Cryptocurrency has come a long way since the closing down of the Silk Road darknet market. The idea of crypto currency being primarily for criminals, has largely been seen as totally inaccurate and outdated. In this section we focus on the developing regulations surrounding the cryptocurrency asset class by region, and we also look at what the future may hold.
The United States of America
A coherent uniform approach at Federal or State level has yet to be implemented in the United States. The Financial Crimes Enforcement Network published guidelines as early as 2013 suggesting that BTC and other cryptos may fall under the label of “money transmitters” and thus would be required to take part in the same Anti-money Laundering (AML) and Know your Client (KYC) procedures as other money service businesses. At the state level, Texas applies its existing finance laws. And New York has instituted an entirely new licensing system.
The European Union
The EU’s approach to cryptocurrency has generally been far more accommodating overall than the United States, partly due to the adaptable nature of pre-existing laws governing electronic money that predated the creation of Bitcoin. As with the USA, the EU’s main fear is money laundering and criminality. The European Central Bank (ECB) categorized BTC as a “convertible decentralized currency” and advised all central banks in the EU to refrain from trading any cryptocurrencies until the proper regulatory framework was put in place. A task force was then set up by the European Parliament in order to prevent and investigate any potential money laundering that was making use of the new technology.
Likely future regulations for cryptocurrency traders within the European Union and North America will probably consist of the following proposals: The initiation of full KYC procedures so that users cannot remain fully anonymous, in order to prevent tax evasion and curtail money laundering. Caps on payments that can be made in cryptocurrency, similar to caps on traditional cash transactions. A set of rules governing tax obligations regarding cryptocurrencies Regulation by the ECB of any companies that offer exchanges between cryptocurrencies and fiat currencies It is less likely for other countries to follow the Chinese approach and completely ban certain aspects of cryptocurrency trading. It is widely considered more progressive and wiser to allow the technology to grow within a balanced accommodative regulatory framework that takes all interests and factors into consideration. It is probable that the most severe form of regulation will be the formation of new governmental bodies specifically to form laws and exercise regulatory control over the cryptocurrency space. But perhaps that is easier said than done. It may, in certain cases, be incredibly difficult to implement particular regulations due to the anonymous and decentralized nature of crypto.
Behavior of Cryptocurrency Investors by Demographic
Due to the fact that cryptocurrency has its roots firmly planted in the cryptography community, the vast majority of early adopters are representative of that group. In this section we cover the basic structure of the cryptocurrency market cycle and the makeup of the community at large, as well as the reasons behind different trading decisions.
The Cryptocurrency Market Cycle
Bitcoin leads the bull rally. FOMO (Fear of missing out) occurs, the price surge is a constant topic of mainstream news, business programs cover the story, and social media is abuzz with cryptocurrency chatter. Bitcoin reaches new All Timehigh (ATH) Market euphoria is fueled with even more hype and the cycle is in full force. There is a constant stream of news articles and commentary on the meteoric, seemingly unstoppable rise of Bitcoin. Bitcoin’s price “stabilizes”, In the 2017 bull run this was at or around $14,000. A number of solid, large market cap altcoins rise along with Bitcoin; ETH & LTC leading the altcoins at this time. FOMO comes into play, as the new ATH in market cap is reached by pumping of a huge number of alt coins.
Top altcoins “somewhat” stabilize, after reaching new all-time highs. The frenzy continues with crypto success stories, notable figures and famous people in the news. A majority of lesser known cryptocurrencies follow along on the upward momentum. Newcomers are drawn deeper into crypto and sign up for exchanges other than the main entry points like Coinbase and Kraken. In 2017 this saw Binance inundated with new registrations. Some of the cheapest coins are subject to massive pumping, such as Tron TRX which saw a rise in market cap from $150 million at the start of December 2017 to a peak of $16 billion! At this stage, even dead coins or known scams will get pumped. The price of the majority of cryptocurrencies stabilize, and some begin to retract. When the hype is subsiding after a huge crypto bull run, it is a massive sell signal. Traditional investors will begin to give interviews about how people need to be careful putting money into such a highly volatile asset class. Massive violent correction begins and the market starts to collapse. BTC begins to fall consistently on a daily basis, wiping out the insane gains of many medium to small cap cryptos with it. Panic selling sweeps through the market. Depression sets in, both in the markets, and in the minds of individual investors who failed to take profits, or heed the signs of imminent collapse. The price stagnation can last for months, or even years.
The Influence of Age upon Trading
Did you know? Cryptocurrencies have been called “stocks for millennials” According to a survey conducted by the Global Blockchain Business Council, only 5% of the American public own any bitcoin, but of those that do, an overwhelming majority of 71% are men, 58% of them are between the ages of 18 and 35, and over half of them are minorities. The same survey gauged public attitude toward the high risk/high return nature of cryptocurrency, in comparison to more secure guaranteed small percentage gains offered by government bonds or stocks, and found that 30% would rather invest $1,000 in crypto. Over 42% of millennials were aware of cryptocurrencies as opposed to only 15% of those ages 65 and over. In George M. Korniotis and Alok Kumar’s study into the effects of aging on portfolio management and the quality of decisions made by older investors, they found “that older and experienced investors are more likely to follow “rules of thumb” that reflect greater investment knowledge. However, older investors are less effective in applying their investment knowledge and exhibit worse investment skill, especially if they are less educated and earn lower income.”
Geographic Influence upon Trading
One of the main drivers of the apparent seasonal ebb and flow of cryptocurrency prices is the tax situation in the various territories that have the highest concentrations of cryptocurrency holders. Every year we see an overall market pull back beginning in mid to late January, with a recovery beginning usually after April. This is because “Tax Season” is roughly the same across Europe and the United States, with the deadline for Income tax returns being April 15th in the United States, and the tax year officially ending the UK on the 6th of April. All capital gains must be declared before the window closes or an American trader will face the powerful and long arm of the IRS with the consequent legal proceedings and possible jail time. Capital gains taxes around the world vary from jurisdiction to jurisdiction but there are often incentives for cryptocurrency holders to refrain from trading for over a year to qualify their profits as long term gain when they finally sell. In the US and Australia, for example, capital gains are reduced if you bought cryptocurrency for investment purposes and held it for over a year. In Germany if crypto assets are held for over a year then the gains derived from their sale are not taxed. Advantages like this apply to individual tax returns, on a case by case basis, and it is up to the investor to keep up to date with the tax codes of the territory in which they reside.
2013 Bull run vs 2017 Bull run price Analysis
In late 2016 cryptocurrency traders were faced with the task of distinguishing between the beginnings of a genuine bull run and what might colorfully be called a “dead cat bounce” (in traditional market terminology). Stagnation had gripped the market since the pull-back of early 2014. The meteoric rise of Bitcoin’s price in 2013 peaked with a price of $1,100 in November 2013, after a year of fantastic news on the adoption front with both Microsoft and PayPal offering BTC payment options. It is easy to look at a line going up on a chart and speak after the fact, but at the time, it is exceeding difficult to say whether the cat is actually climbing up the wall, or just bouncing off the ground. Here, we will discuss the factors that gave savvy investors clues as to why the 2017 bull run was going to outstrip the 2013 rally. Hopefully this will help give insight into how to differentiate between the signs of a small price increase and the start of a full scale bull run. Most importantly, Volume was far higher in 2017. As we can see in the graphic below, the 2017 volume far exceeds the volume of BTC trading during the 2013 price increase. The stranglehold MtGox held on trading made a huge bull run very difficult and unlikely.
Fraud & Immoral Activity in the Private Market
Ponzi Schemes Cryptocurrency Ponzi schemes will be covered in greater detail in Lesson 7, but we need to get a quick overview of the main features of Ponzi schemes and how to spot them at this point in our discussion. Here are some key indicators of a Ponzi scheme, both in cryptocurrencies and traditional investments: A guaranteed promise of high returns with little risk. Consistentflow of returns regardless of market conditions. Investments that have not been registered with the Securities and Exchange Commission (SEC). Investment strategies that are a secret, or described as too complex. Clients not allowed to view official paperwork for their investment. Clients have difficulties trying to get their money back. The initial members of the scheme, most likely unbeknownst to the later investors, are paid their “dividends” or “profits” with new investor cash. The most famous modern-day example of a Ponzi scheme in the traditional world, is Bernie Madoff’s $100 billion fraudulent enterprise, officially titled Bernard L. Madoff Investment Securities LLC. And in the crypto world, BitConnect is the most infamous case of an entirely fraudulent project which boasted a market cap of $2 billion at its peak.
What are the Exchange Hacks?
The history of cryptocurrency is littered with examples of hacked exchanges, some of them so severe that the operation had to be wound up forever. As we have already discussed, incredibly tech savvy and intelligent computer hackers led by Alexander Vinnik stole 850000 BTC from the MtGox exchange over a period from 2012–2014 resulting in the collapse of the exchange and a near-crippling hammer blow to the emerging asset class that is still being felt to this day. The BitGrail exchange suffered a similar style of attack in late 2017 and early 2018, in which Nano (XRB) was stolen that was at one point was worth almost $195 million. Even Bitfinex, one of the most famous and prestigious exchanges, has suffered a hack in 2016 where $72 million worth of BTC was stolen directly from customer accounts.
Hardware Wallet Scam Case Study
In late 2017, an unfortunate character on Reddit, going by the name of “moody rocket” relayed his story of an intricate scam in which his newly acquired hardware wallet was compromised, and his $34,000 life savings were stolen. He bought a second hand Nano ledger into which the scammers own recover seed had already been inserted. He began using the ledger without knowing that the default seed being used was not a randomly assigned seed. After a few weeks the scammer struck, and withdrew all the poor HODLer’s XRP, Dash and Litecoin into their own wallet (likely through a few intermediary wallets to lessen the very slim chances of being identified).
Hardware Wallet Scam Case Study Social Media Fraud
Many gullible and hapless twitter users have fallen victim to the recent phenomenon of scammers using a combination of convincing fake celebrity twitter profiles and numerous amounts of bots to swindle them of ETH or BTC. The scammers would set up a profile with a near identical handle to a famous figure in the tech sphere, such as Vitalik Buterin or Elon Musk. And then in the tweet, immediately following a genuine message, follow up with a variation of “Bonus give away for the next 100 lucky people, send me 0.1 ETH and I will send you 1 ETH back”, followed by the scammers ether wallet address. The next 20 or so responses will be so-called sockpuppet bots, thanking the fake account for their generosity. Thus, the pot is baited and the scammers can expect to receive potentially hundreds of donations of 0.1 Ether into their wallet. Many twitter users with a large follower base such as Vitalik Buterin have taken to adding “Not giving away ETH” to their username to save careless users from being scammed.
Market Manipulation
It also must be recognized that market manipulation is taking place in cryptocurrency. For those with the financial means i.e. whales, there are many ways in which to control the market in a totally immoral and underhanded way for your own profit. It is especially easy to manipulate cryptos that have a very low trading volume. The manipulator places large buy orders or sell walls to discourage price action in one way or the other. Insider trading is also a significant problem in cryptocurrency, as we saw with the example of blatant insider trading when Bitcoin Cash was listed on Coinbase.
Examples of ICO Fraudulent Company Behavior
In the past 2 years an astronomical amount of money has been lost in fraudulent Initial Coin Offerings. The utmost care and attention must be employed before you invest. We will cover this area in greater detail with a whole lesson devoted to the topic. However, at this point, it is useful to look at the main instances of ICO fraud. Among recent instances of fraudulent ICOs resulting in exit scams, 2 of the most infamous are the Benebit and PlexCoin ICOs which raised $4 million for the former and $15 million for the latter. Perhaps the most brazen and damaging ICO scam of all time was the Vietnamese Pincoin ICO operation, where $660million was raised from 32,000 investors before the scammer disappeared with the funds. In case of smaller ICO “exit scamming” there is usually zero chance of the scammers being found. Investors must just take the hit. We will cover these as well as others in Lesson 7 “Scam Projects”.
Signposts of Fraudulent Actors
The following factors are considered red flags when investigating a certain project or ICO, and all of them should be considered when deciding whether or not you want to invest. Whitepaper is a buzzword Salad: If the whitepaper is nothing more than a collection of buzzwords with little clarity of purpose and not much discussion of the tech involved, it is overwhelmingly likely you are reading a scam whitepaper.
Signposts of Fraudulent Actors §2
No Code Repository: With the vast majority of cryptocurrency projects employing open source code, your due diligence investigation should start at GitHub or Sourceforge. If the project has no entries, or nothing but cloned code, you should avoid it at all costs. Anonymous Team: If the team members are hard to find, or if you see they are exaggerating or lying about their experience, you should steer clear. And do not forget, in addition to taking proper precautions when investing in ICOs, you must always make sure that you are visiting authentic web pages, especially for web wallets. If, for example, you are on a spoof MyEtherWallet web page you could divulge your private key without realizing it and have your entire portfolio of Ether and ERC-20 tokens cleaned out.
Methods to Avoid falling Victim
Avoiding scammers and the traps they set for you is all about asking yourself the right questions, starting with: Is there a need for a Blockchain solution for the particular problem that a particular ICO is attempting to solve? The existing solution may be less costly, less time consuming, and more effective than the proposals of a team attempting to fill up their soft cap in an ICO. The following quote from Mihai Ivascu, the CEO of Modex, should be kept in mind every time you are grading an ICO’s chances of success: “I’m pretty sure that 95% of ICOswill not last, and many will go bankrupt. ….. not everything needs to be decentralized and put on an open source ledger.”
Methods to Avoid falling Victim §2 Do I Trust These People with My Money, or Not?
If you continue to feel uneasy about investing in the project, more due diligence is needed. The developers must be qualified and competent enough to complete the objectives that they have set out in the whitepaper.
Is this too good to be true?
All victims of the well-known social media scams using fake profiles of Vitalik Buterin, or Bitconnect investors for that matter, should have asked themselves this simple question, and their investment would have been saved. In the case of Bitconnect, huge guaranteed gains proportional to the amount of people you can get to sign up was a blatant pyramid scheme, obviously too good to be true. The same goes for Fake Vitalik’s offer of 1 ether in exchange for 0.1 ETH.
Selling Cryptocurrencies, Several reasons for selling with the appropriate actions to take:
If you are selling to buy into an ICO, or maybe believe Ether is a safer currency to hold for a certain period of time, it is likely you will want to make use of the Ether pair and receive Ether in return. Obviously if the ICO is on the NEO or WANchain blockchain for example, you will use the appropriate pair. -Trading to buy into another promising project that is listing on the exchange on which you are selling (or you think the exchange will experience a large amount of volume and become a larger exchange), you may want to trade your cryptocurrency for that exchange token. -If you believe that BTC stands a good chance of experiencing a bull run then using the BTC trading pair is the suitable choice. -If you believe that the market is about to experience a correction but you do not want to take your gains out of the market yet, selling for Tether or “tethering up” is the best play. This allows you to keep your locked-in profits on the exchange, unaffected by the price movements in the cryptocurrency markets,so that you can buy back in at the most profitable moment. -If you wish to “cash out” i.e. sell your cryptocurrency for fiat currency and have those funds in your bank account, the best pair to use is ETH or BTC because you will likely have to transfer to an exchange like Kraken or Coinbase to convert them into fiat. If the exchange offers Litecoin or Bitcoin Cash pairs it could be a good idea to use these for their fast transaction time and low fees.
Selling Cryptocurrencies
Knowing when and how to sell, as well as strategies to inflate the value of your trade before sale, are important skills as a trader of any product or financial instrument. If you are satisfied that the sale itself of the particular amount of a token or coin you are trading away is the right one, then you must decide at what price you are going to sell. Exchanges exercise their own discretion as to which trading “pairs” they will offer, but the most common ones are BTC, ETH, BNB for Binance, BIX for Bibox etc., and sometimes Tether (USDT) or NEO. As a trader, you decide which particular cryptocurrency to exchange depending on your reason for making that specific trade at that time.
Methods of Sale
Market sell/Limit sell on exchange: A limit sell is an order placed on an exchange to sell as soon as (also specifically only if and when) the price you specified has been hit within the time limit you select. A market order executes the sale immediately at the best possible price offered by the market at that exact time. OTC (or Over the Counter) selling refers to sale of securities or cryptocurrencies in any method without using an exchange to intermediate the trade and set the price. The most common way of conducting sales in this manner is through LocalBitcoins.com. This method of cryptocurrency selling is far riskier than using an exchange, for obvious reasons.
The influence and value of your Trade
There are a number of strategies you can use to appreciate the value of your trade and thus increase the Bitcoin or Ether value of your portfolio. It is important to disassociate yourself from the dollar value of your portfolio early on in your cryptocurrency trading career simply because the crypto market is so volatile you will end up pulling your hair out in frustration following the real dollar money value of your holdings. Once your funds have been converted into BTC and ETH they are completely in the crypto sphere. (Some crypto investors find it more appropriate to monitor the value of their portfolio in satoshi or gwei.) Certainly not limited to, but especially good for beginners, the most reliable way to increase your trading profits, and thus the overall value and health of your portfolio, is to buy into promising projects, hold them for 6 months to a year, and then reevaluate. This is called Long term holding and is the tactic that served Bitcoin HODLers quite well, from 2013 to the present day. Obviously, if something comes to light about the project that indicates a lengthy set back is likely, it is often better to cut your losses and sell. You are better off starting over and researching other projects. Also, you should set initial Price Points at which you first take out your original investment, and then later, at which you take out all your profits and exit the project. That should be after you believe the potential for growth has been exhausted for that particular project.
Another method of increasing the value of your trades is ICO flipping. This is the exact opposite of long term holding. This is a technique in which you aim for fast profits taking advantage of initial enthusiasm in the market that may double or triple the value of ICO projects when they first come to market. This method requires some experience using smaller exchanges like IDEX, on which project tokens can be bought and sold before listing on mainstream exchanges. “Tethering up” means to exchange tokens or coins for the USDT stable coin, the value of which is tethered to the US Dollar. If you learn, or know how to use, technical analysis, it is possible to predict when a market retreatment is likely by looking at the price movements of BTC. If you decide a market pull back is likely, you can tether up and maintain the dollar value of your portfolio in tether while other tokens and coins decrease in value. The you wait for an opportune moment to reenter the market.
Market Behavior in Different Time Periods
The main descriptors used for overall market sentiment are “Bull Market” and “Bear Market”. The former describes a market where people are buying on optimism. The latter describes a market where people are selling on pessimism. Fun (or maybe not) fact: The California grizzly bear was brought to extinction by the love of bear baiting as a sport in the mid 1800s. Bears were highly sought after for their intrinsic fighting qualities, and were forced into fighting bulls as Sunday morning entertainment for Californians. What has this got to do with trading and financial markets? The downward swipe of the bear’s paws gives a “Bear market” its name and the upward thrust of a Bull’s horns give the “Bull Market” its name. Most unfortunately for traders, the bear won over 80% of the bouts. During a Bull market, optimism can sometimes grow to be seemingly boundless, volume is rising, and prices are ascending. It can be a good idea to sell or rebalance your portfolio at such a time, especially if you have a particularly large position in one holding or another. This is especially applicable if you need to sell a large amount of a relatively low-volume holding, because you can then do so without dragging the price down by the large size of your own sell order.
Learn more on common behavioral patterns observed so far in the cryptocurrency space for different coins and ICO tokens.
Follow the link:
UBAI.co
If you want to know how do security tokens work, and become a professional in crypto world contact me via Facebook to get all the details:
Facebook
submitted by UBAI_UNIVERSITY to u/UBAI_UNIVERSITY [link] [comments]

Subreddit Stats: NewYorkCoin posts from 2017-07-24 to 2018-04-09 09:00 PDT

Period: 258.76 days
Submissions Comments
Total 543 3256
Rate (per day) 2.10 12.57
Unique Redditors 205 474
Combined Score 3835 6264

Top Submitters' Top Submissions

  1. 1067 points, 120 submissions: hivewalletvictim
    1. Welcome Pro Snowboarder Jeff Sponzo to TEAM NYC! NewYorkCoin (NYC) has sponsored professional snowboarder Jeff Sponzo (instagram: @sp0nzo) Wish Jeff luck! He's competing in Oslo, Norway and spreading the word about NYC on his world tour!!! (33 points, 6 comments)
    2. An exhaustive email explaining NYC "roadmap" to the 'hype and scam' crowd. PLEASE READ. (31 points, 59 comments)
    3. 1,000,000 NYC BOUNTIES for every new retail/storefront business YOU get to accept NewYorkCoin in New York City. Business owner downloads Coinomi Wallet (beta) from link at newyorkcoin.net and prints their QR code for customers to pay! Business owner receives 1,000,000 NYC too! (27 points, 11 comments)
    4. Gila's Nosh | 23rd Street NOW ACCEPTS NYC! (24 points, 7 comments)
    5. LEASE NEGOTIATIONS IN PROCESS FOR AN AMAZING GALLERY SPACE IN LOWER EAST SIDE, MANHATTAN! THE NEW YORK COIN CENTER WILL BE OPENING SOON IN MANHATTAN. (24 points, 18 comments)
    6. 3 new businesses NOW ACCEPT @NewYorkCoinNYC ! Eqwipped Entertainment Recording Studio | Greenpoint, Brooklyn, An Nails Salon | Orlando, FL, Khameleon Koatings | Brattleboro, VT. newyorkcoin.net/#real (23 points, 6 comments)
    7. Another new business ACCEPTING NYC in Manhattan! Welcome the NYC Falafel Co of the Lower East Side to TEAM NYC. Merchant acceptance of NYC is starting to gain momentum... (20 points, 7 comments)
    8. NYC NOW ACCEPTED AT 14 BUSINESSES (and growing!). Welcome Paul Zepeda Gallery and Grown Fresh NYC to TEAM NYC. (19 points, 0 comments)
    9. Centre Finest Deli | New York, NY | Bitcoin ATM location | Now Supports NewYorkCoin | Acceptance Coming Soon (18 points, 4 comments)
    10. NYC Electrum-X now on github! Pull request also made to the original project: https://github.com/kyuupichan/electrumx/pull/354, once it's accepted it will be included in the master branch of electrum-x. Tip Coinomi devs! (18 points, 9 comments)
  2. 215 points, 27 submissions: Tnyc2477
    1. Calm (15 points, 10 comments)
    2. NewYorkCoin is on coinomi wallet. Coinomi is a security-first multi-asset wallet that provides native support and true ownership for 96 coins and 244 tokens, for a total of total of 340 coins and tokens, available in 168 fiat currency representations and 25 languages. (15 points, 14 comments)
    3. One special pitch for our coin to one special exchange (14 points, 10 comments)
    4. So You Want to Own Some NewYorkCoin (NYC) But Don’t Know Where to Start! Here is an Easy Guide for Beginners (14 points, 3 comments)
    5. That Perfect, Rich Exchange Everyone Needs (13 points, 7 comments)
    6. NYC Discord 2nd Meeting 1-24-2018.mp4 - Google Drive (12 points, 5 comments)
    7. Analysis of The Institutional Money On NewYorkCoin and What Our Main Objective Really Is (11 points, 7 comments)
    8. Looks a bit more crowded there on the list of Markets to trade NYC :-) (11 points, 2 comments)
    9. Please also join us at nycoincommunity for important posts from dev team. Thank you. (11 points, 20 comments)
    10. For Newly Joined Community Memebers (10 points, 0 comments)
  3. 150 points, 12 submissions: jamesburrell2
    1. Wall Street Journal article about NewYorkCoin (35 points, 25 comments)
    2. NewYorkCoin featured in Crains NewYork magazine (21 points, 5 comments)
    3. ***MUST READ FOR NEWBIES (NOOBS) trying to understanding what NewYorkCoin and other cryptocurrencies are (and are not). Very easy to read and written by a top player in the cryptocurrency space. (14 points, 2 comments)
    4. Great arguments for why NewYorkCoin's code is better for P2P micropayments than Bitcoin (14 points, 1 comment)
    5. My analogy for the early growing community of NewYorkCoin enthusiasts (NewYorkCoin is the abandoned cars and the garage is the bottom of CoinMarketCap) (13 points, 3 comments)
    6. NewYorkCoin is a technological improvement for informal value transfer systems and local currencies (12 points, 1 comment)
    7. A reminder of Bitcoin's price trajectory and potential trajectory for NewYorkCoin enthusiasts (10 points, 0 comments)
    8. YouTube user Coinreview was pretty early in identifying the promise of NewYorkCoin. (9 points, 0 comments)
    9. Good article why the NewYorkCoin community shouldn't judge the value of the coin by marketcap alone (8 points, 0 comments)
    10. Good video by the LitePay CEO (5 points, 0 comments)
  4. 129 points, 11 submissions: nodecache
    1. A New York Coin Development Vision: How BTC could be 'powered by NYC' via Lightning Network (20 points, 27 comments)
    2. Fast 'n Free Forever: an inflationary vision for a Proof of Stake New York Coin (19 points, 13 comments)
    3. Ask shapeshift and changelly to add NYC now that we're on Coinomi (18 points, 9 comments)
    4. BTC: powered by NYC - 1.1 Million NYC bounty raised for Segwit implementation (11 points, 29 comments)
    5. Requested NYC on Polo today, where are you requesting it? (11 points, 8 comments)
    6. 250,000 NYC Bounty to developer(s) to implement Segwit w/ intent to make NYC a BTC cash layer (10 points, 49 comments)
    7. Bounty update: Segwit/Lightning on NYC Roadmap (10 points, 6 comments)
    8. Alternative rebrand concept for a real artist to alter (9 points, 3 comments)
    9. Donation Address for Segwit Bounty: RGpAYLk2CtsLvBQBENQyNUhJyF8QH2zC53 (8 points, 30 comments)
    10. NYC is Checking Account to Bitcoin's Savings Account (7 points, 10 comments)
  5. 115 points, 13 submissions: gopes11
    1. Found this gem in one of the earlier posts. A lot of Great reads btw.. this guy nailed NYC (19 points, 0 comments)
    2. NYC VALUE (18 points, 1 comment)
    3. Only way NYC will go big is if we as a community come together and make it big. It’s not magic, we are investors and it is our duty to help this coin grow so developers have enough resources to further the project. (18 points, 9 comments)
    4. More exchanges is the solution (14 points, 6 comments)
    5. Dallas Mavericks announced they will accept Cryptocurrency next season.. (13 points, 3 comments)
    6. NYC ATMs (6 points, 3 comments)
    7. Reducing the supply (6 points, 2 comments)
    8. Did anyone meet up yesterday? (5 points, 5 comments)
    9. What is the next step and how can we help? (5 points, 1 comment)
    10. Go vote. Get our name out there (4 points, 0 comments)
  6. 95 points, 7 submissions: kyguy17
    1. Please vote for NYC to go on more exchanges (18 points, 13 comments)
    2. Adding NYC to tradesatoshi.com (17 points, 12 comments)
    3. Trade satoshi (16 points, 11 comments)
    4. We are accepted in Trade satoshi but (16 points, 3 comments)
    5. Added another exchange! This will be number four if we can pull it off. (15 points, 17 comments)
    6. Great job everybody that donated! I want to thank everyone for that and I want to personally thank everyone that trusted me on handling the funds. (10 points, 4 comments)
    7. Why did coinomi delist NYCoin? (3 points, 26 comments)
  7. 74 points, 15 submissions: dynamicmormon
    1. A new business accepts the New York Coin. Here the link: http://www.extravagantllc.com/ (14 points, 1 comment)
    2. New acceptance of New York coin found the community website. Please look there. There is an artist mentioned. (11 points, 0 comments)
    3. Cryptonator (8 points, 0 comments)
    4. I saw something that shows the Coins gets international (8 points, 3 comments)
    5. Crex24 (7 points, 3 comments)
    6. A question about New York Coin (4 points, 12 comments)
    7. A further press report found (3 points, 1 comment)
    8. Fork (3 points, 2 comments)
    9. How are the experiences with the New York Coin Center? (3 points, 45 comments)
    10. Huobi (3 points, 0 comments)
  8. 74 points, 9 submissions: NYCoinIsTheFuture
    1. NYC Website (16 points, 18 comments)
    2. It is imperative we get this coin on SEVERAL different exchanges (11 points, 7 comments)
    3. For whomever wins the website contest (10 points, 2 comments)
    4. One last request, could we please somehow remove the scam-like all caps description under the Google search page, something as simple as New York Coin (NYC) would be good. It just doesn't feel very professional, I'm sure others agree. (9 points, 2 comments)
    5. More exchanges - stay hungry. (8 points, 3 comments)
    6. NewYorkCoin price predictions? Expectations for 2018? (7 points, 5 comments)
    7. Website Contest (7 points, 14 comments)
    8. Which website are we going with??? (4 points, 6 comments)
    9. NYC PREDICTIONS (2 points, 3 comments)
  9. 69 points, 19 submissions: NewYorkCoin
    1. THE NEW YORK COIN CENTER (12 points, 3 comments)
    2. NYC (24hr) trading volume passing $1m!!! Coinmarketcap is fixing bug that is stopping updating of volume. All markets offline at coinmarketcap. NYC TRADING VOLUME IS EXPLODING!!! (10 points, 4 comments)
    3. WIN 1,000,000 NYC! (7 points, 5 comments)
    4. newyorkcoin.net is now multi-lingual ! NYC in 17 most popular languages. Links at bottom of homepage. 1/2 on left side now completed, the rest will be live by end of weekend (7 points, 7 comments)
    5. NYC IS STARTING TO MOVE!!! NewYorkCoin getting ready to break into TOP 300 at coinmarketcap. BUY NYC AT YOBIT! Coinomi in December. NYC ATM's in January. NEW YORK COIN CENTER coming in 2018! (5 points, 0 comments)
    6. $30,000 trading volume now. And climbing... Will NYC break $50,000/day for the first time EVER soon... P.S. This is BEFORE Coinomi adds NYC! (3 points, 1 comment)
    7. MEET NEW YORK COIN (NYC) (3 points, 0 comments)
    8. THE NEW YORK COIN CENTER is looking better and better by the day! (3 points, 3 comments)
    9. Can you find any more NYC cheapies under 0.00004? Are those gone forever? Next cheapies to disappear 0.00005. My prediction is that by end of this weekend, the CHEAPEST NYC you can ever buy again will be 0.00008 (maybe higher!) nycoin.net (2 points, 2 comments)
    10. FIND NEW YORK COIN AT 2017 MACY*S THANKSGIVING DAY PARADE! (2 points, 4 comments)
  10. 63 points, 4 submissions: throwawayhey1234w
    1. New website idea. The so called creator is absent from this, i can help with the website, we still need to get the blockchain working, rumbles of others workign on this but i think IF we want to drag this back from the dead we need to start reviving. (23 points, 29 comments)
    2. Nice Video For This Coin (21 points, 3 comments)
    3. Update on website, more pages. Now accpeting donations of new york coin so i can just keep powering through: REWEc7pAqxgD249pVm9aKBSaQU5nwzWhms (16 points, 9 comments)
    4. I am buying all in! (3 points, 4 comments)
  11. 61 points, 12 submissions: modoromodo
    1. Good job Newyorkcoin Team very interesting (28 points, 0 comments)
    2. NEW YORK COIN (NYC) PRICE LIVE, CRYPTOCURRENCY, NEWS, WIKI, PREDICTION (7 points, 4 comments)
    3. Who think nyc will make 0.01 soon (6 points, 6 comments)
    4. What are the best expectations for 2018 (5 points, 2 comments)
    5. NYC next year in top 10 ( very possible ) (4 points, 4 comments)
    6. SOON IN THE MOON (3 points, 0 comments)
    7. Is there news about ATMS (2 points, 2 comments)
    8. NEED MOR EXCHANGES FOR THIS COIN LIKE CRYPTOPIA . BINANCE . BITREX (2 points, 1 comment)
    9. New york coin in stocktwits (2 points, 1 comment)
    10. . (1 point, 1 comment)
  12. 53 points, 6 submissions: zer0san
    1. Reddit Banner & Marketing (17 points, 19 comments)
    2. New Variation: When needed I can make specific infographics for the website. (11 points, 5 comments)
    3. NYC Infographic Design for fun — Composition stolen from Sia ;) (8 points, 6 comments)
    4. New York Coin Reddit banner W.I.P (7 points, 13 comments)
    5. Plans for 2017/ Road map?? (7 points, 3 comments)
    6. Wanted to say Hi (3 points, 1 comment)
  13. 50 points, 4 submissions: ASSBORDERLINE
    1. COINOMI To add NYC In next update You can test NYC in there Beta App! (14 points, 2 comments)
    2. Just Bought 29 Million NYC (13 points, 14 comments)
    3. Reason Why NYC Rising & Brief History (13 points, 6 comments)
    4. ATM Coming very soon 😅 (10 points, 3 comments)
  14. 50 points, 4 submissions: CoinmaticNYC
    1. WISH US LUCK (ARTICLE ON CNBC REQUESTED)!!! (15 points, 7 comments)
    2. PLEAE READ!!! (14 points, 10 comments)
    3. FACEBOOK PAGE UPDATE (12 points, 1 comment)
    4. Quick maths bruv (9 points, 10 comments)
  15. 47 points, 7 submissions: lCyberneticl
    1. What do you all think? Anyone working on logo/graphics/advertising (20 points, 7 comments)
    2. Go NYC! (8 points, 0 comments)
    3. NYC (7 points, 1 comment)
    4. Work in progress! (5 points, 2 comments)
    5. My contribution to the website contest (3 points, 0 comments)
    6. Just an idea (2 points, 1 comment)
    7. NYC (2 points, 1 comment)
  16. 40 points, 1 submission: RealWorldCoins
    1. BREAKING NEWS! CNBC producer was at KEATS restaurant to video the first ever retail transaction using cryptocurrency, NY Coin.....This story is still developing and air date has not been disclosed. NY Coin is supposedly 20x faster than Bitcoin and does not have any fees. (40 points, 20 comments)
  17. 39 points, 5 submissions: NYC_NewYorkCoin
    1. If anyone can contact this place La Sirene in Manhattan, Im sure they will place the NYC sticker up (14 points, 6 comments)
    2. NYC New York Coin is now actively trading on Tradesatoshi.com Congrat's all. (8 points, 2 comments)
    3. NYC New York Coin This must be the coin!! (7 points, 0 comments)
    4. Picked up some more NYCoin! Lets Hope for the Best! NYC Coin 20X faster than Bitcoin NYC is simply more usable than Bitcoin. NYC is 20X faster to send, receive & confirm transactions. And 5X faster than Litecoin. NYC is much cheaper to use than Bitcoin or Litecoin. Actually, it's free! (7 points, 4 comments)
    5. New York Coin ,New York Coin, Start spreading the news You're leaving today Your vagabond shoes, they are longing to stray And steps around the heart of it, New York, New York -New York Frank Sinatra (3 points, 1 comment)
  18. 36 points, 4 submissions: nicovs_be
    1. ElectrumX and Electrum-NYC wallet by the newyorkcoin community (14 points, 0 comments)
    2. There's the 1st 2SAT NYC sells ever (11 points, 1 comment)
    3. KEATSBAR confirmation is now on the site (7 points, 5 comments)
    4. NYCoin Core Wallet Block data Download (Data up to date up to Jan 7th 9PM) (4 points, 5 comments)
  19. 35 points, 4 submissions: TweeknTekneek
    1. I bought in newyorkcoin !!! (15 points, 34 comments)
    2. I hope one day NYC coins are soo common, that they become the new digital coin for parking meters! (10 points, 0 comments)
    3. If and when NYC hits $0.01 - $0.10 (5 points, 8 comments)
    4. What is the best Walter for NYC? (5 points, 3 comments)
  20. 34 points, 5 submissions: fionaman
    1. Binance is Possible... (16 points, 7 comments)
    2. Will NYC make us millionaires? (8 points, 8 comments)
    3. We should try to get NYC on Coin Exchange (5 points, 2 comments)
    4. Lescovex vote - NYC #3 & "under consideration (3 points, 3 comments)
    5. Why is the total supply increasing? (2 points, 5 comments)

Top Commenters

  1. hivewalletvictim (611 points, 343 comments)
  2. Tnyc2477 (367 points, 171 comments)
  3. nodecache (340 points, 131 comments)
  4. dwilkes827 (168 points, 75 comments)
  5. nicovs_be (166 points, 74 comments)
  6. cryptonyxx (153 points, 62 comments)
  7. mariusadrian2103 (132 points, 42 comments)
  8. JohnSewards (122 points, 53 comments)
  9. zer0san (118 points, 48 comments)
  10. GiorgosK (110 points, 104 comments)
  11. kuch167 (102 points, 37 comments)
  12. jamesburrell2 (99 points, 39 comments)
  13. polkaberries (92 points, 47 comments)
  14. CoinmaticNYC (92 points, 32 comments)
  15. yarikd (90 points, 45 comments)
  16. GU1TARW0RLD- (69 points, 42 comments)
  17. kyguy17 (57 points, 21 comments)
  18. dynamicmormon (54 points, 30 comments)
  19. NewyorkCoinFrance (53 points, 21 comments)
  20. TweeknTekneek (52 points, 32 comments)

Top Submissions

  1. BREAKING NEWS! CNBC producer was at KEATS restaurant to video the first ever retail transaction using cryptocurrency, NY Coin.....This story is still developing and air date has not been disclosed. NY Coin is supposedly 20x faster than Bitcoin and does not have any fees. by RealWorldCoins (40 points, 20 comments)
  2. Wall Street Journal article about NewYorkCoin by jamesburrell2 (35 points, 25 comments)
  3. Welcome Pro Snowboarder Jeff Sponzo to TEAM NYC! NewYorkCoin (NYC) has sponsored professional snowboarder Jeff Sponzo (instagram: @sp0nzo) Wish Jeff luck! He's competing in Oslo, Norway and spreading the word about NYC on his world tour!!! by hivewalletvictim (33 points, 6 comments)
  4. An exhaustive email explaining NYC "roadmap" to the 'hype and scam' crowd. PLEASE READ. by hivewalletvictim (31 points, 59 comments)
  5. Good job Newyorkcoin Team very interesting by modoromodo (28 points, 0 comments)
  6. 1,000,000 NYC BOUNTIES for every new retail/storefront business YOU get to accept NewYorkCoin in New York City. Business owner downloads Coinomi Wallet (beta) from link at newyorkcoin.net and prints their QR code for customers to pay! Business owner receives 1,000,000 NYC too! by hivewalletvictim (27 points, 11 comments)
  7. Who is applying and sending in the info the exchanges require to get added ? Ill do it and pay the fees they require if someone will give me permission and materials I request. I’ll pay the fees as well they range $5000 to 20,000. Exchanges want money it’s that simple. by earthfunds (26 points, 10 comments)
  8. Logo Idea by shotxchance (25 points, 18 comments)
  9. LEASE NEGOTIATIONS IN PROCESS FOR AN AMAZING GALLERY SPACE IN LOWER EAST SIDE, MANHATTAN! THE NEW YORK COIN CENTER WILL BE OPENING SOON IN MANHATTAN. by hivewalletvictim (24 points, 18 comments)
  10. Gila's Nosh | 23rd Street NOW ACCEPTS NYC! by hivewalletvictim (24 points, 7 comments)

Top Comments

  1. 14 points: deleted's comment in LEASE NEGOTIATIONS IN PROCESS FOR AN AMAZING GALLERY SPACE IN LOWER EAST SIDE, MANHATTAN! THE NEW YORK COIN CENTER WILL BE OPENING SOON IN MANHATTAN.
  2. 12 points: hivewalletvictim's comment in An exhaustive email explaining NYC "roadmap" to the 'hype and scam' crowd. PLEASE READ.
  3. 12 points: yarikd's comment in dkbigmoney = Charlie K
  4. 11 points: zer0san's comment in Reddit Banner & Marketing
  5. 10 points: deleted's comment in I dreamt that NYC coin becomes #1 last night.
  6. 10 points: deleted's comment in LEASE NEGOTIATIONS IN PROCESS FOR AN AMAZING GALLERY SPACE IN LOWER EAST SIDE, MANHATTAN! THE NEW YORK COIN CENTER WILL BE OPENING SOON IN MANHATTAN.
  7. 10 points: bshaw2019's comment in Please release regular wallet updates and show that you are actually doing SOMETHING in terms of development.
  8. 10 points: jamesburrell2's comment in Wall Street Journal article about NewYorkCoin
  9. 10 points: nodecache's comment in Web page
  10. 9 points: 3mar7's comment in In an unbiased and honest opinion, what do you guys see this coin reaching in 1-2 years?
Generated with BBoe's Subreddit Stats (Donate)
submitted by subreddit_stats to subreddit_stats [link] [comments]

CZ, Founder of Binance, on Their Rumored $400 Million Acquisition of CoinMarketCap Bitcoin Hashrate Swells 25%  Binance Plagiarizes Bitmex  Are Alts Dead? #Binance Podcast Episode 39 - Brave Software CEO Brendan Eich on Why Brave Built a Privacy Browser AMA With Changpeng BINANCE US CEO CATHERINE COLEY INTERVIEW CZ Binance CEO Interview - Binance 3 Year Anniversary, IPO, Card, Mining Pool & Swipe Acquisition Catherine Coley, CEO of Binance US: How the Leading Crypto Exchange Plans to Take on the United Sta Binance CEO: Warren Buffet is WRONG! Binance HACKED - Bitcoin Rally Stalled CZ, CEO of BINANCE: Exchange Security, Binance DEX, Trading Upgrades, & BNB

For you to truly understand that Bitcoin is far from dead you need to get to know its characteristics. For Bitcoin to be sound money in this digital age it needs to have certain characteristics. Without them, Bitcoin would be just another digital item that would have no value. Fundamentally it is important to understand those characteristics as then you will see and have a better understanding ... BitMarket co-owner was found dead. by Diana in Cryptocurrency News Radio Olsztyn Poland announced that co-founder of BitMarket crypto exchange, Tobiasz Niemiro was discovered dead on July 25. Related: Binance denies rumours about a police raid in their office. Niemiro was found near his apartment in Olsztyn city, it was proposed that he committed suicide. The Polish police declared that they ... Bitcoin news — get the latest BTC news now. Breaking news from the best Bitcoin site, 24/7. On July 25, 44-year-old Tobiasz Niemiro, the alleged co-owner of the defunct Polish cryptocurrency exchange BitMarket, was found dead in his home province of Olsztyn, Poland. The news of Niemiro’s death was broken by local media outlet, Radio Olsztyn. Niemiro’s body was found in a forest near Lake Tyrskowas after 2 pm by local police. While ... Following these events, CZ, CEO of Binance, made a call for calm to his followers, telling them that Bitcoin would not collapse. #bitcoin is not dead and certainly not going to 0. Don’t panic! — CZ Binance (@cz_binance) September 2, 2020. Although joking aside, part of the blame for this great red candle likely lies with both platforms’ failures. So interaction with customers is to be ... Bitcoin Quadriga CEO Death – Funds Moved From ‘Lost’ Cold Wallets. Emilio Janus Feb 04, 2019 12:00 . Bitcoin Quadriga CEO Death – Funds Moved From ‘Lost’ Cold Wallets. Emilio Janus Feb 04, 2019 12:00 . Share. Tweet. Send. Share. A company with legal problems; a mysterious death; missing customer funds. The QuadrigaCX story could have come straight from the pen of a hack ... Autumn Radtke, the US-born CEO of First Meta, was found dead following an apparent suicide in her Singapore home. The director of the digital currencies exchange was 28 years old and in charge of the company since 2012. “The First Meta team is shocked and saddened by the tragic loss of our friend and CEORead More Customers of QuadrigaCX are out as much as $190 million after CEO Gerry Cotten died; Cotten reportedly was the only one with the key to retrieve the money. Ripple CEO Brad Garlinghouse wrote an open letter to Congress. BitMarket exchange co-founder found dead. Tether reaches $4 billion market capitalization. Croatian post offices exchange crypto for cash. Bitcoin Cash price could reach $800+ zone, and BitcoinBCH.com rolls out a Bitcoin Cash-based travel agency for an upcoming conference in Australia. “Bitcoin customers are good customers, and we’re pleased to provide them this service”. CEO of exchange First Meta found dead in Singapore. Autumn Radtke, the US-born CEO of First Meta, was found dead following an apparent suicide in her Singapore home. The director of the digital currencies exchange was 28 years old and in charge of the ...

[index] [4259] [9451] [13697] [548] [13915] [6220] [8133] [13474] [4655] [2634]

CZ, Founder of Binance, on Their Rumored $400 Million Acquisition of CoinMarketCap

In this episode of the Binance Podcast, Wei talks to Brendan Eich. The CEO and founder of the Brave, the company behind the privacy-focused Brave browser, shares his views about the tracking ... Watch CoinMarketCap and Binance CEO and founder CZ during their live-streamed Ask Me Anything session. CZ answers questions on such burning topics as, "When ... Conversation with CZ, CEO and Founder of Binance, asking all the questions that crypto traders want to know. SUBSCRIBE TO THE PODCAST: https://www.youtube.co... Catherine Coley is the CEO of Binance US. Catherine started her career in traditional finance with Morgan Stanley working in both Hong Kong and London. She went on to advise Silicon Valley Bank ... This episode I sit down with Catherine Coley CEO of Binance.US to learn more about her journey and her aspirations for Binance in the US. Binance.US - http:/... Ledn's first product, Bitcoin-backed loans, gives hodlers access to dollar liquidity without having to sell their bitcoin. This lets you keep the any potential appreciation in your precious bitcoin. In this interview with Binance CEO CZ (Changpeng Zhao), we discuss the exchange's 3 year anniversary and being the world's largest crypto exchange. We also chat about Binance's acquisition of ... The best moments from The Pomp Podcast with CZ, Founder of Binance, the largest cryptocurrency exchange in the world by volume. In this video, CZ and Anthony... Big announcement from Binance, they were just hacked for 7000 BTC. Take a listen. Article: https://binance.zendesk.com/hc/en-us/articles/360028031711 Become... Binance CEO Zhao Chengpeng discusses Binance, Account registration, Mining, and says that Warren Buffet doesn't know what he's talking about Welcome to to CryptoMillionaire, I'm Mo Ismail.

#