Nieuws over exchanges

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Re: Nieuws over exchanges

Berichtdoor neku » 06 Dec 2018 21:46

UnitedCorp Launches Suit against Bitmain, Bitcoin.com, Roger Ver, Kraken Bitcoin Exchange and others Alleging Hijacking of the Bitcoin Cash Network

UnitedCorp alleges collusion for the purpose of control of the network and is seeking injunctive relief

MIAMI, Dec. 06, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE--Miami-based United American Corp ("UnitedCorp") (OTC: UAMA) announced today that it has launched a suit for damages and injunctive relief against Bitmain, Bitcoin.com, Roger Ver, the Kraken Bitcoin Exchange and other individuals that are related to what is alleged to have been a well-planned scheme to take control of the Bitcoin Cash network for personal gain and which caused a global capitalization meltdown of the Bitcoin Cash network at the expense of others.

The suit launched today in the US District Court for the Southern District of Florida alleges that the defendants collectively engaged in unfair methods of competition and through a series of unconscionable, deceptive and unfair practices, manipulated the Bitcoin Cash network for their benefit and to the detriment of UnitedCorp and other Bitcoin Cash stakeholders. UnitedCorp believes that the defendants colluded to effectively hijack the Bitcoin Cash network after the November 15, 2018 scheduled software update with the intent of centralizing the network - all in violation of the accepted standards and protocols associated with Bitcoin since its inception.

The suit seeks injunctive relief against the defendants to prevent them from continuing ongoing actions against the Bitcoin Cash network and to prevent them from doing so in the future. It also seeks compensatory damages with a quantum to be determined at trial.

Bitcoin Cash is one of the most important cryptocurrency networks that has been established in recent years. It is used for peer-to-peer electronic cash system between parties on the Bitcoin Cash network which are executed through a network of decentralized public ledgers which confirm and maintain the records of these digital transactions on a blockchain in a highly cryptographic environment. The integrity and confidence in the network is in part based on this decentralization as well as the operating principle that no single person or entity is able to control the majority of the network. Since confirmation and recording of transactions on the blockchain is undertaken by "consensus" of network nodes and since transaction ledgers are continuously being checked against each other, tampering with the ledgers is extremely difficult if not impossible since multiple ledgers would have to be tampered with in the same way and simultaneously. However if an entity controls more than 51% of a blockchain network, the network becomes susceptible to fraud including reversal of transactions and what is known as "double spending" or spending the same cryptocurrency more than once.

On November 15, 2018 the Bitcoin Cash network underwent an upgrade using the Bitcoin ABC 0.18.4 implementation. UnitedCorp alleges that the defendants took control of the Bitcoin Cash network immediately after the November 15th software upgrade against all principles and protocols of the blockchain, through the use of "rented hashing" the process of artificially and temporarily deploying or redirecting computing power to take control of the network and used this computer power to favor the adoption of the Bitcoin ABC new rule sets over other implantations that would have maintained democratic rule sets. Once the Bitcoin ABC rule set was established, it became the dominant chain and the rented hashing was withdrawn and was no longer contributing to the Bitcoin Cash network. UnitedCorp alleges that the use of computational hashing power that did not contribute to the network just prior and then was withdrawn shortly after the network upgrade was put in place for the sole purpose of maintaining an artificially longer chain over the existing rule sets and amounted to human manipulation for the purpose decentralizing the autonomous network and that this was orchestrated by a small group of individuals and corporations.

UnitedCorp also alleges that a few days later on November 20th, the ABC development team planted a "poison pill" into the blockchain in the form of a "Deep Reorg Prevention" as well as other functionality in order to cement the control of the blockchain ledger. This intervention allows maintenance of control on future implementations and any related rule sets for future network upgrades.

"We are bringing this suit on behalf of UnitedCorp because we believe strongly in the value and integrity of democratic, distributed and decentralized blockchain networks which will become more important with time," stated Benoit Laliberte, President of UnitedCorp, "In order to maintain confidence in cryptocurrencies such as Bitcoin Cash, no person or entity can be allowed to control them."

About United American Corp

Established in 1992, United American Corp is a Florida-based development and management company focusing on telecommunications and information technologies. The company currently holds the rights to manage a portfolio of patents and proprietary technology in telecommunications, social media and Blockchain technology, and owns and operates the BlockchainDomes which are designed to provide heat for agricultural operations using computer equipment in naturally cooled data centers where efficiency and low-cost operations are a priority.

This news release contains forward-looking statements that are subject to various risks and uncertainties. The Company's actual results could differ materially from those anticipated in such forward-looking statements as a result of numerous factors that may be beyond the Company's control. Forward-looking statements are based on the expectations and opinions of the Company's management on the date the statements are made, and the Company assumes no obligation to update forward-looking statements should circumstances in management's expectations or opinions change.

https://www.nasdaq.com/press-release/un ... HRs4l71WM0
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Re: Nieuws over exchanges

Berichtdoor neku » 11 Dec 2018 22:02

How Did Twitter CEO’s Square Overtake Coinbase as #1 Bitcoin Buying App?***

Square, a payment platform for merchants and individual users operated by Twitter CEO Jack Dorsey, has surpassed Coinbase to become the most widely used iOS app to buy Bitcoin (BTC).

The platform, called Cash App on Apple’s iOS store, also overtook YouTube to become the number one top free mobile application on the iOS store, demonstrating a rising demand for digitalized payment systems in the U.S. market.

The easiest way for every single person in America to buy bitcoin is #1 on iOS today @CashApp pic.twitter.com/nYUt6tSkIJ

— Miles Suter (@WahWhoWah) 8 Aralık 2018

But how was Square able to overtake Coinbase and provide users the easiest way to purchase the dominant cryptocurrency?
All About Accessibility

On Square, which initially gained traction as a tool for merchants, individual users can instantly send and receive money using mobile phones without the need to go through inefficient bank wire transfers and traditional payment platforms.

Similar apps in South Korea and China like KakaoPay and AliPay have also become increasingly popular as alternatives to banks as the preferred payment systems of both businesses and individuals.

Prior to its integration of Bitcoin, Square was already being utilized as an online payments platform that is popular among millennials and new generation users that refrain from utilizing banking systems.

Square’s Bitcoin integration almost instantly appealed to its existing user and client base, as a large portion of the global population that is interested in cryptocurrencies has consistently been millennials throughout the past several years.

With the app, users can purchase Bitcoin efficiently because their bank accounts and credit cards are already connected to the application.

But, if a user is to trade on a regulated exchange like Coinbase or Gemini, the user would have to go to a bank and initiate a wire transfer to deposit a payment to the exchange, which then involves an inefficient process and risks of potential payment delays and technical issues.

Cryptocurrency exchanges also request new users to go through a rigorous and impractical Know Your Customer (KYC) verification period, demanding government-issued IDs such as a passport or a driving licenses, and in some cases, evidence of income or bank statement to increase the limit of the account.

It is easier for users to remain with an application they use on a regular basis on which they already have completed a KYC process like Square that do not require additional information.
Not Focusing on Profits

In August, speaking to CNBC, Square CFO Sarah Friar stated that the company does not consider its Bitcoin trading service as a major monetization engine and does not intend to generate large profits out of it.

At least in the short-term, Friar said that the strategy of the company is to drive utility in the Cash App and increase the liquidity of the asset. She said:

“It’s not a major monetization engine. The goal is to continue to drive utility in the Cash App.”

Jack Dorsey, the CEO of Square, previously emphasized that Bitcoin means more to the company than simply a new area for revenue generation.

“Bitcoin, for us, is not stopping at buying and selling. We do believe that this is a transformational technology for our industry, and we want to learn as quickly as possible.”

https://cryptosyringe.com/how-did-twitt ... DjmTa2c2AE

*** Beetje misleidende titel want ik denk niet dat coinbase enkel via een app werkt maar soit :roll:
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Re: Nieuws over exchanges

Berichtdoor neku » 13 Dec 2018 11:10

Kraken Values Itself at $4 Billion, Is Looking to Sell Equity to a Limited Number of Investors

Cryptocurrency exchange operator Kraken values itself at $4 billion, according to an e-mail the company sent to select clients. Even though Kraken says it is profitable, the company is looking to fill its “war chest” by offering to sell equity in the company to a small number of potential investors. The minimum investment is $100,000, and investors have until December 16 to apply.

Interesting, got this in the mail this morning.

If Coinbase is worth $8b, I guess Kraken coming in at $4b seems fair...?

War chests for the bear market..

Could we get some more ShitCoins to short @krakenfx

???? pic.twitter.com/DLkCfxlkZ4
— - adidog CEO - [Jan/3 ????] (@MannerCookie) December 11, 2018

A section from the e-mail reads:

“We’re profitable and sitting on significant reserves so fundraising is not a necessity, however, further aligning interests with our top clients while building a war chest for acquisitions in the bear market presents a win-win opportunity.”

At first glance, Kraken’s self-valuation seems somewhat high, although the company didn’t disclose how it arrived at that number. For better context - in October, Coinbase raised $300 million in a series E funding round. The deal assumed a valuation of $8 billion for the company. At this time, it’s unclear how much Kraken is looking to raise through their campaign.

While the exchange is a significant player in the crypto trading space, it is not among the leaders in trading volume – at the moment, Kraken is the 16th busiest cryptocurrency exchange, handling $81.5 million worth of trades in the last 24 hours. Still, it has to be pointed out that Kraken is in a very strong position when it comes to exchanges that support fiat currency trading.

https://coincodex.com/article/2741/krak ... 6CJn-jAap0
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Re: Nieuws over exchanges

Berichtdoor neku » 13 Dec 2018 14:35

Not Even a Ripple: Coinbase News Fails to Rescue XRP from Bearish Trend

It was the announcement that ripple (XRP) investors had been anticipating for more than a year, but the news that crypto exchange giant Coinbase was “exploring” support for the second-largest cryptocurrency failed to elicit even a microcosm of the sort of rally that even the mere rumor of a Coinbase listing frequently catalyzed during the 2017 bull run.
Ripple Price (XRP) Fails to Capitalize on Coinbase Announcement

As seen in the chart below, the ripple price failed to secure any sustained momentum following the Dec. 7 announcement, as a brief spike quickly gave way to the downward pressure that has plagued the crypto markets throughout 2018.

Indeed, XRP not only failed to rally against the US dollar in the days following the news but also declined against bitcoin (BTC), succumbing to a recent trend that has seen altcoins shed market share and BTC cement its position as the dominant cryptocurrency. Over the past five days, the bitcoin price is down 12.33 percent, while XRP has declined by a full 15 percent, with most of that divergence occurring over the past 24 hours.

A year ago, such performance would have been unheard of, as XRP saw multiple rallies based on mere rumorsthat Coinbase would list the token. Now that there is hard evidence that this will finally occur, the news has — pardon the pun — failed to make even a ripple.

Granted, Coinbase did not outright state that it would support ripple on its platforms and services, stressing that XRP and the other listed cryptocurrency assets are being “evaluated” for listing. However, four Ethereum tokens named in the Friday announcement have already been added to Coinbase Pro, signaling that the addition of XRP could occur sooner rather than later.

The End of the Coinbase Bounce?

The collective yawn that met the announcement may have less to do with XRP and more to do with Coinbase, which was once one of the most exclusive trading and investing platforms in the cryptocurrency industry. However, the firm has shifted course in 2018, unveiling a new set of listing guidelines that it says will allow it to provide support for more cryptocurrencies than it previously would have.

As one prominent personality on Crypto Twitter put it, “Coinbase went from the most conservative company in crypto to YOLO in like 6 months.”

Coinbase went from the most conservative company in crypto to YOLO in like 6 months https://t.co/ndwF5wtb4t

— Crypto Bobby (@crypto_bobby) 7 Aralık 2018

With last week’s addition of four more ERC-20 tokens, Coinbase Pro has already listed more cryptocurrencies in 2018 than the firm did in all previous years combined, and the announcement that revealed the firm was exploring support for ripple also named 30 other cryptocurrencies that may one day find themselves listed on the platform.

Consequently, while small-cap cryptocurrencies will always experience strong economic support from initial listings on large crypto exchanges, we may be close to seeing the end of the “Coinbase Bounce,” a phenomenon that has seen even major cryptocurrencies surge following their addition to the prominent brokerage and trading platform.

https://cryptosyringe.com/not-even-a-ri ... u_WDAQ1glU
The aim of education is the knowledge, not of facts, but of values!

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Re: Nieuws over exchanges

Berichtdoor neku » 15 Jan 2019 21:27

The aim of education is the knowledge, not of facts, but of values!

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Re: Bitcoin forum

Berichtdoor Tdv » 04 Feb 2019 17:27

Daar sta je dan :oops: :oops:



Bitcoinbaas die als enige wachtwoord van 165 miljoen euro kent, overlijdt: klanten zijn al hun geld kwijt


Klanten van de Canadese cryptobeurs QuadrigaCX zitten in zak en as nadat in december oprichter Gerald Cotten overleed. De man was de enige die over het wachtwoord beschikte dat toegang kan verschaffen tot zo’n 165 miljoen euro aan fondsen.
Op 9 december 2018 overleed Gerald Cotten, de oprichter van Canada’s grootste bitcoinplatform QuadrigaCX, aan de gevolgen van de ziekte van Crohn. Cotten was op reis in India voor de opening van een weeshuis.

De bitcoinbeurs heeft nu bescherming van schuldeisers aangevraagd, want Cotten was de enige die de sleutel kende van de zogenaamde ‘cold wallets’. Dat zijn portefeuilles met cryptomunten die lokaal bewaard worden en zo minder risico lopen op hacking of diefstal. Omdat Cotten de enige was met het wachtwoord, is de kans klein dat klanten van QuadrigaCX hun geld nog ooit terugzien. In totaal zouden zo’n 165 miljoen euro’s aan valuta en cryptomunten niet meer toegankelijk zijn.

“De voorbije weken hebben we er alles aan gedaan om onze liquiditeitsproblemen op te lossen”, klinkt het in een korte mededeling op de site van QuadrigaCX. “Helaas waren onze inspanningen tot nog toe niet succesvol.”
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