From Bitcoin Gold’s hard fork to London’s Fintech Week, here are a few events to keep an eye on.
There are a few ICOs ending and starting this week, keep track of them.
Want to get more involved in the crypto space and be completely aware of what’s going on? Here’s a small list of upcoming events you can attend or monitor, including: Bitcoin Gold to Hard Fork, Blockchain Events: Chainers 2018 (Seoul), TechCrunch Sessions 2018 (Zug), TechCrunch Sessions Ethereum Meetup (Zug), London Fintech Week (London). If you’re looking to increase your crypto wealth or know where all those tokens are coming from, here are a few airdrops occurring this week: CPS-SPACE-INS-LRN, ICOs Ending: WINS-SHR-BITX-EJAC-AMO, ICOs Starting: FNP-BETT-VLUX
Following a 51% hack in May, the BTG project’s team decided to upgrade its network via a hard fork in order to improve network security. This is expected to occur at block 536200 (Est. Date: 1st July). The upgrade will implement the Equihash-BTG PoW algorithm as a replacement for the existing Equihash algorithm, among other changes.
Syscoin (SYS) Holders — CPS Coin Airdrop — Snapshot Date on July 1, 2018
CoinPayments (CPS) is built on the Syscoin blockchain, and aims to power a decentralised marketplace. 6% of the total CPS coin supply will be distributed to owners of Syscoin wallet addresses on the snapshot’s date.
Siacoin (SC) Holders — Space Cash (SPACE) Airdrop — Snapshot Date on July 1, 2018
Space cash is going to be distributed to Siacoin (SC) holders at a 10:1 ratio by the Hyperspace team. The Hyperspace network aims to be a global cloud storage marketplace powered by SPACE.
INS Ecosystem aims to develop a platform to enable direct interaction between FMCG (Fast Moving Consumer Goods) manufacturers and consumers. INS tokens will be distributed via an airdrop to all INS holders based on balances had during April 1, 2018 to June 30, 2018.
Loopring is a protocol for building decentralized exchanges, and will distribute 60% of the LRN supply to all LRC token holders during this airdrop.
WinStars (WINS) — Ends Tuesday July 3, at 13:00 UTC
Start Price: $ 0.2000, Funds Raised $ 3.30 M, Funding Target: 500,000 USD, Funding Cap: 5,000,000 USD, Coins Offered: 103.50 M (69.00%). WinStars is a decentralized gaming platform with a catalogue of gambling resources, built on Ethereum.
ShareRing (SHR) — Ends Wednesday July 4, at 13:00 UTC
Start Price: $ 0.02000, Funds Raised: — , Funding Target: $10,000,000, Funding Cap: $38,000,000, Coins Offered: 3.47 B (52.00%). ShareRing is a decentralized marketplace that enables users to securely access, connect, and pay for services anywhere in the world. Users can share anything from storage space to tools, clothes, jewellery and food with the SHR token being the primary payment method.
BitScreener (BITX) — Ends Thursday July 5, at 00:59 UTC
Start Price: $ 0.06049, Fund Raised: — , Funding Target: 1,000 ETH, Funding Cap: 15,000 ETH, Coins Offered: 139.50 M (31.00%). BitScreener aims to build a financial data and content marketplace on the blockchain. BitX is used as the primary means of payment for services.
EJA Coin (EJAC) — Ends Thursday July 5, at 01:00 UTC
Start Price: $ 0.1000, Funds Raised: $ 500.00 k, Funding Target: 500,000 USD, Funding Cap: 15,000,000 USD, Coins Offered: 150.00 M (60.00%). Eja Coin intends to implement a project that will make it easy for people to invest in Mining.
Amo Coin (AMO) — Ends Saturday July 7, at 01:00 UTC
Start Price: $ 0.002164, Funds Raised: $ 1.74 M, Funding Target: — , Funding Cap: — , Coins Offered: 10.00 B (50.00%). AMO is a project that aims to create and operate the AMO Market, where car data can be shared and exchanged. The AMO coin is set to be used as the primary means of payment within the platform.
FlipNpik (FNP) — Starts Sunday July 1, at 01:00 UTC
Start Price: $ 0.1238, Funding Target: — , Funding Cap: 100,000 ETH, Coins Offered: 350.00 M (35.00%). FlipNpik is a commercial social media platform that is designed to connect shoppers to merchants within their communities.
Bettium (BETT) — Starts Sunday July 1, at 01:00 UTC
Start Price: $ 0.05000, Funding Target: 7,500,000 USD, Funding Cap: 30,000,000 USD, Coins Offered: 600.00 M (60.00%). Bettium is a platform enabling users to engage in p2p sports betting against each other. The platform offers users a series of tools, ranging from machine learning services to help from established experts to improve forecasts and strategy.
VLUX (VLUX) — Starts Wednesday July 4, at 01:00 UTC
Start Price: — , Funding Target: 25,000,000 GBP, Funding Cap: 25,000,000 GBP, Coins Offered: 44.31 M (70.00%). VLUX aims to improve access to affordable, low carbon energy by enabling peers to trade energy between one another via the Verv energy trading platform.
When: July 1–2, 2018 Where: Seoul, Korea As part of the Blockchainer Global Global Tour Series, the 11th tour stops in Korea to provide audiences with a series of talks covering Global Blockchain Regulation & Development, Public Chains, Private Chains & Consortium Chains, and Venture Capital and Token Economy to name a few. There are several notable speakers confirmed, including Patrick Dai (Co-founder, QTUM), Jun Li (Founder, Ontology) and Kim Seong Silk (CTO, Huobi Korea) among many others. The event also includes a Blockchain Projects Pitch Roadshow where teams can showcase their respective projects to investors.
When: July 6, 2018 Where: Theater Casino Zug, Artherstrasse 2–4, Zug, 6300 Switzerland TechCrunch is proud to announce their first event dedicated entirely to blockchain, crypto and the future of the internet. The event will feature a series of talks from industry leaders including Vitalik Buterin (Creator, Ethereum), Jutta Steiner (Co-founder, Polkadot), Joe Lubin (Founder, Consensys), Balaji Srinivasan (CTO, Coinbase) and Changpeng Zhao (CEO, Binance).
When: July 7, 2018 Where: Theater Casino Zug, Artherstrasse 2–4, Zug, 6300 Switzerland TechCrunch will produce the event with support from the Ethereum Foundation and other members of the Ethereum community the day after the TC Sessions: Blockchain event. The meetup will feature Vitalik Buterin (Founder, Ethereum Foundation), Karl Floersch (Developer, Ethereum Foundation), among others. It will cover a range of topics including scaling, protocol improvements, and improvements to consensus mechanisms.
When: July 6 -13, 2018 Where: QEII Centre, Broad Sanctuary, Westminster, London, UK The 5th Annual London Fintech Week starts next week, bringing together a series of key industry speakers across several areas within the Fintech space. The event will include a collection of conferences, exhibitions, workshops, a hackathon, and several networking events throughout the week. Notable attendees include Adam Stradling (co-founder of Bitcoin.com), Anish Mohammed (advisor at Ripple Labs), and Dominik Schiener (co-founder of IOTA) among many others. For a full list of industry speakers and event partners, please click here. The week-long event kicks off on Friday July 6 with a Blockchain Hackathon over the weekend, followed by a series of talks starting on Monday July 9th covering Fintech Disruptors, Capital Markets & Wealthtech on Tuesday, and Blockchain & Crypto-Finance on Wednesday. Thursday is a designated day for investors and startups/ICO participants to showcase their projects, followed by a series of blockchain and legal workshops on Friday. Notably panel discussions during the Blockchain & Crypto-Finance day include: Women in Blockchain — Discussion on the role of women in blockchain, with a closer look at the impact that women are making across the industry. Includes Helen Disney (CEO Unblocked), Dr Jane Thomason (CEO, Blockchain Quantum Impact) and Michelle Chivunga N (Regional Advisor, British Blockchain Association) among others. Linklaters Panel: Blockchain and Financial Services — How Blockchain fits in within the current regulatory environment, as well as its impact on enterprises, business and compliance across users’ digital identities, trust and transparency. Discussion between Ajit Tripathi (Partner EMEA, Consensys Enterprise), Harry Eddis (Partner, Global Co-Head of Fintech, Linklaters), and Clair Wells (Director, Legal and Business Affairs EMEA, Circle). VC/Investor Panel — Discussion on how industry figures and organizations are using blockchain to impact value and growth. Panellists include Ivan Soto-Wright (Founder and Managing Partner, HODL.vc), Andrew Adcock (CMO, Crowd for Angels), and Aditya Nagarsheth (Investor, Red Pill). Blockchain Becoming Real Beyond Finance & Less Regulated Industries — Adam Strading (Co-founder, Bitcoin.com), Ashley Fox (MEP for SW England and Gibraltar, The European Parliament) and Tim Huegdon (Co-founder & CIO, InstaSupply) discuss the impact of blockchain and the growing autonomy of machines on society. Source
Hope all is well guys. Thank you for the feedback on our last Bitcoin Trading Intelligence newsletter. Hope this one addresses some of those points. Feedback and any other comments are welcome. If you like this and want more, you can now reserve your spot in our Bitcoin Trading Intelligence platform. Note on the Flash Crash: On August 18th the Bitcoin market experienced a flash crash on a number of exchanges, led by Bitfinex. It appears, according to swap data there was a number of large positions which closed in tandem causing a whipsaw effect, accelerated by market panic. Thankfully it does appear this was an isolated issue, and not a fundamental break down of the market. The price touched $160s on Bitfinex, and has since recovered to the $230 region, signaling this may have been entirely a result of an issue with an exchange or exchanges. We’ll know more in the coming days, but at this time we believe this to be the case. We’ve selected Bitstamp for our charts, as it did not have as drastic a reaction which can affect technical analysis. Fundamental Analysis: The entire setup of the market is clouded with bearish sentiment amplified the impacts of the BitLicense and the news of the first Bitcoin-XT Block being mined. Here is a review of what has happened fundamentally in the market over the past week and a half. On a global scale, the acceptance of Bitcoin in many countries has been on the rise as weaker economies are evidently turning to cryptocurrencies as their exit option, indicated by the increase in the trading volumes of Latin American Countries. The high inflation rate and unstable economy in countries like Argentina and Brazil have caused a massive surge in the trading volumes of Bitcoins in Latin America increasing more than 120%. This might be a reverberation from the increased number of newly registered users in Greece over the past few weeks which increased by 600%. In Europe, despite Germany’s recent negative press about Greek bailout, Berlin remains one of the major attractions for Venture Capitalists, with Bitcoin Startups and the overall ecosystem continuing to prosper. With more than $2.2 Billion invested in startups in Germany and a considerable percentage of them being Bitcoin startups, the future of cryptocurrency in Germany looks promising. The surprise “one off depreciation” of the Yuan by the People’s Bank of China early in the week led to price divergences and limited bull runs in USD and CNY exchanges as people invested with Yuan saw the Bitcoin market as a good hedging opportunity. Adding to the already strengthening sentiment of growing Venture Capital investments in bitcoin, Japanese exchange ‘bitFlyer’ was able to raise $4 million for their next round of funding, despite the ripples caused by the arrest of Mark Karpeles, former CEO of Mt Gox earlier this month. Bitcoin got a boost from more traditional finance firm PricewaterhouseCooper’s which promoted the use of Bitcoin and Blockchain Technologies for its clients. The report stated categorically that Cryptocurrencies open the door for revolutionary technological possibilities and would disrupt the existing financial Industry in a positive way. With things going awry after the BitLicense debacle, the long awaited Gemini Exchange is a ray of hope for the residents of New York with the Winklevoss twins filing the paperwork for operating an exchange in New York in accordance with the new policies. Edward Snowden’s statements about bitcoin, particularly saying that the technology is inherently flawed citing the ‘51 % mining attack’ as a structural weakness problem created negative sentiment in mainstream press. On the positive side, he added that the basic principles of systems based on decentralized tokenization models might continually provide more value to society. In the midst of the negative mainstream sentiment Bitcoin XT released their completed version of the software on the 15th of August. Unfortunately, many mainstream articles surfaced calling the first Bitcoin-XT block meaning Bitcoin has forked. On one hand it is a vote for the change in protocol, but the network, almost exclusively, continue to run on the core implementation. Predictions say the full switch could happen mid-2016, but the exaggerated news has had a short term impact on the mainstream perception of Bitcoin and potentially the market. While things were already looking tight because of BitLicense, The Financial Crimes Enforcement Network (FinCEN), has issued a new ruling stating startups seeking to tokenize commodities for Blockchain based trading have to be licensed in all the 50 states. On the heels of new regulation, SABR, a New York Based startup has just raised one million dollars to fulfill its goal of providing law enforcement with a view beneath the surface of multiple block chains. SABR aims to detect and prevent bitcoin and other digital currencies being used for illicit purposes. How these developments in regulation and security will help or harm the bitcoin community will be seen in due time. Technical Analysis: Long Term: On a weekly scale, the market has been predominantly sideways with choppy moves from 255-271, until finally completing the bearish arc of the sideways swing by breaking the support zone around 250 and trading at 220 levels. The Bollinger bands in the weekly chart still remain parallel showing that the market is in the expected zone and judging by the regression lines, is setting up for a bull trend after consolidation. On a long term scale, taking a position right now for a long term trade would be premature as the sentiment in the market is not clear. The RSI is approaching the oversold region while the MACD just took a bearish turn without crossing the zero line. The proper indication for setting up long term trades would be reading the setup of the market in terms of 5 SMA and Bollinger bands. As soon as both Bollinger Bands and the 5 SMA become trending in the upward direction after significant consolidation, entering into trades with a long term plan is more justified. Proper entry points for such trades would be around the 217 region with stops below 214. If the market is trending, possible exit points could be 255, 271 and 317. If the market breaks to the downside, breaking the support zone at 217, weekly lower Bollinger band and previous swing lows are possible targets. Midterm: If we look at the daily chart, the break of the zone of support around 250-255 signaled move in the market that has the run the price down to 221. The reversal was very quick with less volume, showing that the 217-220 zone is a good support zone which can be tested soon because of the still trending bearish setup in the daily chart. With the Bollinger bands and SMA’s pointing downwards, the setup is going to remain bearish for some time until a base of consolidation is formed. The descending triangle as shown in the daily chart between the downward trendline and support line at 217 might result in higher volumes being traded in the coming days. In which direction the break out would be or the setup would change will depend on how the market approaches the vertex of the triangle. The MACD is showing a bearish signal in the short term and the RSI crossed 30 into the oversold region but is now coming close to leaving the oversold region. In the medium term, it appears that it is going to be bearish/sideways for some time. A trade setup shorting at the 5 SMA cross and looking for positions on the retracements was a good opportunity during the sell off. Short term: The market crashed by a huge percentage on Tuesday when the trading price of Bitcoin dropping to the 160s on some exchanges, although Bitstamp did not have as severe a reaction. Though it was immediately backed by a green retracement candle, the sentiment is predominantly bearish even in the 240 minute chart with little corrections. The market is expected to trade in this range for some time before either consolidating and going for a reversal or crashing down further. Some of the good trades in this range would be picking longs on the support level until the market closes in on the triangle as shown on the daily chart. Shorting around the lower Bollinger band, and 5 SMA with expectation of a crash down back to the 217 levels could also be profitable, although these trades have to be done with a tight stop loss. Sentiment Analysis: The overall sentiment of the market has continued bearish with BitLicense and “Bitcoin Forking” leading the way. However, the sentiment on the banking front is picking up speed with Visa deploying a block chain research team on the 12th August in Bangalore to study the possible applications of the Blockchain. Deutsche Bank has recently backed Blockchain Technology and bitcoins by making some positive statements about how bitcoins hold the key for the future of financial services. Another positive enforcer to the sentiment is Blockchain.info has exceeded 4 million users. With companies like BitX and ecoins making payment through bitcoins via debit cards infrastructure possible, further research to adapt bitcoin to the existing financial system and other applications seems more likely. Continued adoption by European merchants and an Indonesian crowd funding platform accepting bitcoins, gives hope that bitcoin is slowly gaining a grip on the traditional financial world. It’s still unsure about how the forking news will affect the price of Bitcoin. Major exchanges like Bitfinex have said the major exchanges will come together in agreement if a major shift happens, as there main concern is supporting as many customers as possible. Developments in Blockchain: The Blockchain is may play a key role in the Music Industry. Revelator builds software that allows artists and record labels to manage, track and market their music all from one application. The company sees the blockchain as an opportunity to simplify music rights, which remain complicated and difficult to verify, with a new Intellectual Property (IP) management system that will allow artists to register their works on an immutable ledger. They have partnered with Colu for this project. On another front, ItBit has revealed details about the Bankchain project, a private consensus based ledger system aimed at providing enterprise financial solutions. With this, the New York based exchange has joined other Blockchain firms which are trying to seek the attention of banks that want to utilize the efficiencies of distributed Blockchain technology with private blockchains. Technocorner: The past week and a half has majorly been a week of innovation where ‘ecoin’ and ‘BitX’ have launched Hybrid debit cards. These debit cards are aimed to facilitate interchangeable payments in bitcoins or fiat currencies. ecoin plans to merge the bitcoin infrastructure with the existing financial climate, by taking a widely accepted form of payment like debit cards and combining it with Bitcoin to create a new Hybrid Cryptocurrency debit card. BitX is working on technology so users can also spend bitcoin offline without any internet connection. BitX and ZAZOO have announced this partnership that enable BitX users to use VCpay which works as an alternative for plastic cards. Another interesting development is the BitcoinAlert Project, with the BitcoinAlert app that analyzes the prices historically and alerts about prices to buy or sell bitcoins. But the Technological development that trumped everything else this week would have to be ‘Filament’. Filament has raised $5 million in series A funding led by Bullpen capital, Verizon Ventures and Samsung Ventures. Filament is a decentralized IoT software stack that uses the bitcoin blockchain to enable devices to hold unique identities on a public ledger. By creating a smart device directory, Filament's IoT devices will be able to securely communicate, execute smart contracts and send microtransactions. Article with the charts can be found here: http://www.benzinga.com/news/15/08/5779058/bitcoin-flash-crashed-this-week
Answers from ICO teams: Remme answers are now available in PitchMyICO
Where is the ICO company based? [Remme] BVI What is the token role in your project? [Remme] REM is a utility token with the softrware pre-order function. It will operate like a license or digital key for granting holders access to REMME PKI (d) and DApps on top of it. REM token will facilitate certificate generation, revocation, node creation, and fees covering conversion to fiat. Are you planning to reach out to US investors? [Remme] Yes. We believe that people from different counties all over the world will be interested in the solution we're working on. What is the business model of the company you are building? [Remme] We have a clear B2B model: Revenue is generated through access to REMME Dapps (per user and per authentication pricing models), payments for customization, integration and support, transaction fees for the payments in fiat currencies. Do you have hard cap and soft cap? [Remme] Pre-sale sot cap: $480,000 Pre-sale hard cap: $3 million The overall hard cap: $20 million (including both pre-sale and public sale stages). How many tokens do you plan to create? And how many from them will you sell during ICO? [Remme] 1 billion tokens will be generated and 50% will be available for sale Did the team work on other projects before? [Remme] This is the first token sale for us. Is it a working company? [Remme] We came up with the idea of REMME in early 2015 following a series of cyberattacks that started hitting big Ukrainian companies. The growing level of insecurity at the time inspired us to start work on a solution that could protect sensitive data from cyber theft. At that point, a number of our team members had already worked on various blockchain projects, so we were familiar with the technology and the value it can bring to different spheres. Officially, REMME was launched in January 2016 when we presented our website to the market and began to involve companies in our first pilot program. Since that time, we've built two beta versions of products and held 5 pilot projects with different companies. Product demand is proven by existing contracts and memorandums: REMME signed two memorandums regrading closed beta with UkrInMash (state enterprise) and Depositphotos. Over 30 medium and large companies applied for the 2018 Pilot programs What projects did you do before? [Remme] Our CEO Alex Momot has been involved in crypto space since 2013: started hisy journey from deep discovering of everything Bitcoin-connected and participation in Ethereum ICO. In 2014, together with Kate (co-founder of REMME), they ran BitX – a startup that allowed paying for telecom and other everyday services in bitcoins. That was the first time when we saw with our own eyes what happens when old economy meets new economy. In the end, we had to shut down the service, since the bank, which was our processing provider, was too skeptic about everything connected with cryptocurrency. Luckily, the situation is changing fast. Now we have support from such organizations as Bitcoin Foundation Ukraine and, where Alex is a member of its board of directors. BFU helps to push the objective and deliver clear information to the community, and cooperates closely with the government and businesses. Alex also worked in Bitcoin mining space since 2015, obtaining the position of Head of Business Development in the company-producer of bitcoin mining equipment. Kate (co-founder and CMO) previously worked as the Head of Marketing for the software development company, trusted by Fortune Global 500 and leading Ukrainian companies. She is also a co-founder of the web-development studio. Roman is our CTO master. He is the co-founder of the company that provides ICT services and DApps solutions for business and blockchain platforms. Jan, our CBDO, previously, ran several companies as CEO and start-ups as Business Angel, acted as interim manager for several international IT projects and well-known companies. In the past Jan also run a security company focusing on biometrics and since 2015 Jan is heavily involved in the Blockchain projects development. For all core roles, we engaged professionals who possess all talents we need for the business success. All members of our team have proven records of accomplishment and are masters in their field. Following our pre-sale and public token sale in February 2018, we plan to expand our engineering team, open sales offices, and build first-class customer support as well as grow our marketing team. What will happen if you will raise less money than you expect? [Remme] We will bring back money if we don't reach the Soft Cap. All answers from Remme team are now available here https://telegram.me/pitchmyicobot?start=cmVtbWUrcmVkZGl0
So the bitcoin network starts off 2016 much stronger than it entered 2015. With over a billion $ in startup investment capital. It is crazy to realize that it is worth R111,415,577,100 in valuation (amount of coins multiplied by freemarket price) and this is just the beginning. Compare this to standard bank at R188,4B especially if you consider they are down about 40% in the past year where bitcoin is up 533% since 2013, and up 61% in the last 6 months. 1 bitcoin = R7404 Crazy you might say.. no. Go look up what quantitative easing is. Hint: The banks have been creating trillions, devaluing your savings. Bitcoin's processing power is now at 832,017,286,000,000,000 SHA256 hashes per second. This is what work it requires to mine bitcoin, what makes it secure and why we trust it more than some database in someone's vault that they can go edit if they please. This is real measurable energy consumption. Almost like digging up gold, just more humane. With 6 months left till the amount of new bitcoins mined halves to 12.5BTC per 10mins. We'll be entering the realm of sub 5% yearly monetary base inflation. This means instead of R788,400,000 worth of bitcoin created per month it will become only R394,200,000 worth per month newly issued. This new cycle will run for 4 years, like the last, before it halves again, and again. Until eventually in 140 years from now we have the last bit of bitcoin at 21million BTC. 21,000,000.000,000,000 should be enough for everyone. I've used rands so people can understand the scale of this thing a bit better. The exchange rates change over time according to free markets. Edit: I've added a list of links.. far from complete, but good enough to get started. I recommend south africans to use bitx market to exchange BTC/ZAR. Watch the links under knowledge in this list. Wallets: breadwallet iPhone bitcoin Android more on bitcoin.org/en/choose-your-wallet Exchanges: bitx ZAR, MYR, NGN, KES, IDR kraken EUR, USD, CAD, GBP, JPY, LTC okcoin CNY, USD vaultoro XAU (gold) There are many more.. Useful services for south african bitcoin holders: bitrefill Buy 8ta, cellc, mtn or vodacom airtime using bitcoin. takealot.com Buy things online for delivery, use instant eft then bitcoin on checkout. namecheap Domains for bitcoin. Tools: bitxZAR bitx market for south africans. bitcoinwisdom for seeing live exchange rates across many exchanges. cryptowatch has some other exchanges listed aswell and nice plotting tools. bitcointicker realtime market ticker. coinigy professional crypto trading platform (30 day free, 0.054BTC/mo) blockchain.info viewer, wallet provider and blockchain api blockr.io blockchain viewer and api bitpay easy bitcoin integration provider Community reddit/bitcoinreddit/btcbitcointalk forumsbitcoin.com forum
12-21 18:57 - 'Don't forget the counterparty risk! Don't keep your coins in exchanges and e-wallets! Store your bitcoins somewhere safe!!!' (self.Bitcoin) by /u/shadowboyah removed from /r/Bitcoin within 0-5min
''' Now that the price is going to the moon, I'd like to bring back the topic of counterparty risk. Because I see new people coming in, I'd like to inform them that leaving your money to someone else, be it a bank, an exchange, a darknet market, a borrower etc etc, you face the risk of never getting your money back! In Bitcoin there have been many hacks, ponzis, scams which have affected it price very negatively. Some of the most famous ones where : Bitcoinica, Mt. Gox, BTCe, Poloniex, BitStamp, Cryptsy, Shapeshift, Gatecoin, Bitfinex, BTER, Vircurex, Mintpal, Bitpay, Cavirtex, Bitquick, the DAO, Bittrex, cloud mining scams, p2p lending, Darknet markets exit scamming/getting bust etc. The way they were hacked varied, some didn't lose customer funds, others refunded them, others lost altcoins etc, but the danger of losing everything is still there. Coinbase has had problems with the IRS demanding customer info, Cryptsy lawsuit because they helped Cryptsy's CEO steal and cash out customer funds, freezing accounts for gambling etc, not giving customer's Ethereum Classic after the Fork and so on. Some of the 'old guys' know about all that and prefer to stay safe. Others keep risking it. Just be the smart guy! Very few people profit from trading or arbitrage! Do you think you are in the 10-20% of people that constantly make money trading? Chances are you aren't... In a year you could have made more than 2-3x just by holding your coins in a private wallet! Some people were lending money at Bitfinex to earn interest (more than 10% per year). Guess what happened to them... They initially lost 36% and then it went down to 18% due to BFX's clever trick. And some people just kept USD in that exchange thinking nobody could take it from them. Don't get distracted by high yields by any altcoin like Dash, Nubits, Lending Club or Cloud mining scheme. 90-100% of all those are scams or just unable to keep their promises. Some people might have profited, but on the expense of others, and in total, more people lost than gained. And you are going to ask me: What if I want to sell or buy some coins? How do I do it? Well, nowadays there are many ways where you can do that safely. Might not very cheap, but these are probably some of the best ways to do it: Localbitcoin, Bitcoin.de, Paxful, Wallofcoins, BitBargain, Bitsquare, Tether (Omni Dex), Mycelium local trader, Purse.io, itBit, Gemini or Glidera, are some ways where you can buy coins with very little counterparty risk and OTC. If you still insisted in trading, BTCC and Kraken are currently the best exchanges in my opinion! The best way to buy coins would be to buy them with your debit/credit card and get them sent to your private wallet instantly! Some exchanges/services that I know are Glidera, Bitstamp, Coinbase, Bitx, Coinsbank and CEX.io. There might be others, but I don't know how good they are (I never buy with credit cards btw). I mainly use Kraken. I once deposited coins and sold them on Kraken and within 1 day I had my Euros in my SEPA account. Selling coins is riskier and the only 100% safe way, is to exchange BTC with cash with someone that you trust. I used to sell coins via Localbitcoin a few years ago. I would buy from an exchange and sell it for more there. After some time, I stopped using Localbitcoins. I had a small customer base, which I trusted and they trusted me. I'd work simply with bank deposits. At some point I trusted them and they trusted me so much, that I would send them the coins even the day before they'd make the deposit. I never had a single problem. But, I had problems when I started... On my first trade someone tricked me on my first trade and I released the coins without ever getting the payment. I also had a problem when I sold coins with Paypal as he did a chargeback. I was young and naive, but luckily I didn't lose more than 200£ in total. Do some KYC to make sure they aren’t sending money from a hacked account or use services like Moneypolo, OkPay and Perfect money. These services are great for sellers, but as a buyer you might lose your money if you get hacked. Avoid services where someone can reverse a transaction like PayPal and Skrill. It isn't just about the exchanges getting hacked. What if you get hacked? Someone could easily steal all your details and even if you had 2FA on, they could steal your funds (something extremely hard to do, maybe impossible, if you had a hardware wallet. Finally, arbitrage isn't that profitable. The probability of one exchange getting hacked is lower than the probability of one out of five exchange being hacked. So you have to expect losses from at least one exchange... Bitstamp, BTCe and Poloniex made their customers whole again and that's very honorable, but how many more blows can they take? What if they lose altcoins and they take the route of socialised losses? ''' Don't forget the counterparty risk! Don't keep your coins in exchanges and e-wallets! Store your bitcoins somewhere safe!!! Go1dfish undelete link unreddit undelete link Author: shadowboyah
I need bitcoin resources for developing countries in Subsaharan Africa
I'm trying to get bitcoin to a number of people in Subsaharan Africa. These are small transactions: a few bucks to help them buy network access for their phone, some food, or malaria treatment (~2.00) for a child. For devices we have a lot of Nokia S40-S60 phones, some Samsung and various Android handsets. Very few laptops. I don't think anything with a regular OS would be a problem, but I'm not sure about the Symbian devices. I could use help on that if anyone knows anything. The other issue obviously exchanging it out on their end for a local currency. I see South Africa (bitx.co.za) has an exchange, M-Pesa and kipochi.com are related to phone service in Kenya, but we have people all over the place, including a few in Nigeria, which if you've tried to send money to recently, you'll understand the problem. Nobody wants to deal with it. I'm googling and reading all over the place as I write this, and feeling stupider by the minute. I have a pressing need to get these payments out to two people quickly. I'll really appreciate any help you have, correct my ignorance, list of resources, tutorials.. I'll take anything you have to offer. Thanks. Edit: Forgive me, I realized I forgot to say please. These are monetarily very small, yet very important for the needs of some close friends of mine. Please help me.
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