Funny, but in the day this topic was created Bitcoin price was


So the simple answer was, Yes, you could make some money if you have short Bitcoin on that date on bitmex.

bitmex reference

Casinos. For me without doubt any companies related to games will be the most benefited. And today are already the best use case. Related companies I believe in great opportunities since it seems to me that the change of cryptocurrencies will be more universal than the exchanges between fiat.

I have 33 dollars on my Paypal account. I could pay the first PP of 11$ we close the price in BTC and you could send the BTC 30 days from today.

I do not think the bounty topics are so damaging to the forum. I do not see problems for the forum in these reports. Of course, there are several possibilities of this being avoided. And locking the topic up when the campaign ended would be great. But in a high moderate topic, there will also be many doubts about the project and the manager. But the big problem of spam in the forum is not in those who are reporting comments made on facebook and twitter.

The problem is in the comments in sections that should be more serious like Bitcoin Discussion. Altcoin etc. And in these situations, Bountys Managers should use their power to exclude users who only write spam. But they would not have the ability to delete the comments made by these users.

Bitforex is the largest at this time in trading volume. But it is always important to point out that much of this volume is fake or are Bot accounts. This is good for the liquidity provided. But it does not mean it's the biggest asset. Banks are ranked using assets. I think the exchanges should be that way, too. Or by registered customers.

today

A large number of ICOs have a reputation of worthless projects which do not have anything apart from a whitepaper. According to a new report by Diar, it is perfectly reflected in their price as tokens struggle to keep their initial price, while 30 percent of ICOs are not listed on a single exchange.   
Going underwater
According to the abovementioned report, 70 percent of crypto tokens that didn’t make it to the top 100 currencies on CoinMarketCap fail to meet investors’ expectations, plunging below their initial value. At the same time, more than 30 percent of ICOs that were launched in 2017-2018 are not listed on any cryptocurrency exchange. Some developers behind these unlisted tokens even failed to provide the information about the distribution of token supply while raking in over $1 bln. Among these tokens, which have almost zero liquidly, there are some big-name projects in the likes of Bancor that raised a whopping $150 mln this February.     

As U.Today has already reported, over 800 ICOs have already gone bust in just 18 months. Meanwhile, it is widely speculated that the dwindling interest in ICOs is inextricably connected to the plunging Ethereum price.

I was thinking about it these days. A 51% attack really successful, would need the hacker to withdraw into another currency. Once they discovered this attack, the currency could devalue or have other problems.

So for an exchange to avoid this type of attack would not it be simpler to create security methods making it difficult to buy, sell and withdraw into another currency in large amounts in a short time?

Would users be hurt too much? Maybe limit this to projects that take some 51% attack risk?

coindesk

Bitmain, the Beijing-based cryptocurrency mining giant, has officially filed an application to go public on the Hong Kong Stock Exchange (HKEX).

Published on Wednesday, Bitmain's long-awaited initial public offering (IPO) prospectus follows various news reports that the mining giant has been mulling a Hong Kong listing for a multi-billion dollar public fundraising. The process has not been without its share of controversy, with major firms denying their role in a pre-IPO funding phase in a development that cast doubt on the company.

As the application is still in draft form and pending further listing hearings from the HKEX, it remains unclear how much the firm will be valued at eventually. As shown in the posted application, a number of details remain redacted, including the number of shares that will be offered and the timetable for the public offering.

Still, the prospectus gives insight into Bitmain's financial standing as well as the company's structure and inner workings.

According to the filing, the firm made a total of $2,517,719,000 in revenue in 2017, a major increase from the $277,612,000 in revenue it generated over the course of 2016. As of June 30 this year, Bitmain has made $2,845,467,000 in revenue.

Of that revenue, Bitmain grossed profits of $1,212,750,000 last year and $1,030,151,000 for the first half of 2018, up from $151,351,000 over 2016. Before taxes, the numbers were $137,750,000 in 2016, $897,376,000 in 2017 and $907,792,000 for the first half of 2018.

CoinDesk previously reported Bitmain's profits have surged significantly year-on-year, which jumped from $100 million in 2016 to $1.1 billion in 2017 and $1.1 billion in Q1 2018, based on documents obtained by CoinDesk.

The prospectus states that, after adjusting for costs and expenses, Bitmain's net profits were $48.6 million in 2015, $113.5 million in 2016, $952.5 million in 2017 and $952.1 million in Q2 2018.

Bitmain also reported an $886.9 million balance of cryptocurrencies denominated in bitcoin, bitcoin cash, ether, litecoin and dash as of June 30 after factoring in a net loss of $102.7 million over the last 6 months, more than 10 times the net losses on previous years of holdings.

This accounted for 28 percent of its total assets so far this year, the document stated without breaking down a coin-by-coin allocation. Cryptocurrency holdings were previously valued at $56.3 million and $872.6 million, or 30 percent of assets, by the end of 2016 and 2017, respectively.

CNBC

The cryptocurrency industry has a plea for Congress: Hurry up and regulate, please.

More than 50 industry participants gathered on Capitol Hill for a roundtable discussion hosted by Rep. Warren Davidson, R-Ohio, Tuesday. Although attendees varied, none were from anti-establishment groups popular in the cryptocurrency space, nor did they include retail investors who bought bitcoin as a speculative bet.

 Right now our langauge is sloppy calling everything cryptocurrency, says congressman Warren Davidson   Right now our language for cryptocurrency is 'sloppy', says Congressman Warren Davidson 
7:09 AM ET Tue, 25 Sept 2018 | 04:36
Instead, experts from Fidelity, Nasdaq, State Street, Andreessen Horowitz, and the U.S. Chamber of Commerce filled a room in the Library of Congress. There, they politely but firmly addressed what they deemed unsolved issues as Davidson prepares to introduce a related bill this fall.

"We all want a fair and orderly markets, we want all the same things regulators do," said Mike Lempres, chief policy officer at San Francisco-based Coinbase. "It doesn't have to be done in the same way it was done in the past, and we need to be open to that."

A recurring complaint was the idea of applying a 72-year-old securities law to digital currencies. The U.S. Securities and Exchange Commission uses what's known as the "Howey Test," which comes from a 1946 U.S. Supreme Court decision, to determine whether or not a cryptocurrency is a security. SEC Chairman Jay Clayton has made it clear that he does not intend to update those standards to cater to crypto.

Carla Carriveau, senior regulatory counsel at crypto finance firm Circle, who worked at the SEC for more than a decade, said the agency could clarify existing laws and make exemptions, but it would take moves by Congress to make a real impact.

"Congress has to act because the SEC has said what they thought was right, and already did what they thought they needed to do," Carriveau said.


In the meantime, the group told stories of companies scrambling to interpret whether their initial coin offerings, or ICOs, are compliant. Because some have a "utility" use case, founders argued they should be exempt from securities laws, and instead be considered a commodity regulated by the CFTC. The SEC still treats all initial coin offerings, except for ethereum and bitcoin, as securities.

Panelists mentioned a "chilling effect" that uncertainty can have on U.S. innovation if companies are afraid of misinterpreting laws.

"If the rules are unclear, unwritten, or unknown it's not appropriate to punish people for making the wrong guess," said David Forman, chief legal officer at Fidelity Investments.

The SEC has cracked down on those who made moves it deemed wrong. Consumer protection has been a focus for the agency and while some ICOs have been proven to be outright frauds, others have been prosecuted for less egregious violations, like not registering with the agency.

Global exodus
Since bitcoin and other cryptocurrencies are not backed by a government, founders have fewer constraints on where to start their projects. One fear that at least half of attendees mentioned is that if the U.S. cracks down too hard, or fails to give clarity, founders will flock to more crypto-friendly jurisdictions overseas.

"The competition around the world is real. But there is still time and opportunity for the U.S. to be a leader here," said Joyce Lai, a lawyer at blockchain software technology company Consensys, which she said now employs more than 1,000 people globally.

Cryptocurrencies have already raised a record $12 billion so far this year, according to data firm Autonomous Next. Jesse Powell, co-founder and CEO of crypto exchange Kraken, highlighted the advantage of being able to freely raise capital.

"Foreign companies are able to outraise their U.S. competitors and often whoever raises the most money is who wins," Powell said. "Not only are U.S. companies not able to raise enough to compete globally, U.S. investors are not able to invest in these global companies."

Reaching across the aisle
Despite four hours of discussions, a cryptocurrency bill from Congress is "not a cooked thing," Davidson said. Tuesday's panel was mostly for listening to the industry about what to include before it's drafted and introduced, the congressman said. Still, he said moving quickly was "imperative."

"Legitimate players in the industry have a desire for some sort of certainty so we can prevent and prosecute fraud," Davidson said. "I'm confident we can move forward and make this a flourishing market in the U.S. It's an imperative for us to do, we did it well with the internet."

A few panelists were emboldened by the possibility of the bipartisan effort behind crypto. Reps. Ted Budd, R-N.C., Tom Emmer, R-Minn., and Darren Soto, D-Fla were among the Congressional representatives attending the hearing.

"We need to get moving on this now, there's no time for delay," said Emmer, who has introduced multiple blockchain bills to Congress. Blockchain is the technology that underpins cryptocurrencies, and is being applied to everything from storing health care records, to tracking vegetables that carry E. coli.

Soto agreed with his Republican colleagues, but went even further, suggesting that Congress may need to throw out the current playbook for cryptocurrency.

"I'm sensing we may need an entirely new category that treats this like a new asset, so that we're not trying to squeeze a square peg into a round hole," Soto said. "There needs to be some streamlining based on the definitions of digital assets."

It would be very interesting if someone could find papers with statistical research proving what is safer for a period of time greater than 10 years. A human brain or an HD. Something like this would definitely be very useful for many future applications. The simplest way to think about this is that it is much riskier to store a password in the brain than in a hard drive.

But perhaps the big complicator is not exactly health issues or an accident. It may be that keeping sentences is not the best way to put something in the brain, it's too risky. And many times we look for something simple as in the case of this password that is just a title of a very famous song.

But overall, few people have kept some kind of hard drive for over 10 years.

I remember that in December I started betting a lot on Ripple. It was pretty obvious to me that at some point it would shoot prices. And that's what actually happened. It is one of the most perfect assets for speculation and was down a good while other assets were firing. But since I've sold it, I've never been able to ripple again.

It seems to me that projects like Stellar and Bitcoin himself with LN are much more beneficial to society.

Ripple should be regarded as a corporation where you buy shares that do not give you the right to vote and only serve for speculation.

I agree. The more people who see Bitcoin-related options around the world competing with traditional means of payment, the greater the chances of adoption. People are smart and it is very easy to find study materials on the internet.

About fees, I believe it will be a matter of competition. But these ATMs could have an arbitration system as well. Sometimes, it might be more profitable for people to come to her and convert fiat to bitcoin. Such a system with information available online could reduce even fiat replacement costs.

Bloomberg

 Seba raises $104 million from private, institutional investors
 Company in talks with Swiss financial regulator since April
Seba Crypto AG, a Swiss financial services company run by ex-UBS Group AG bankers, said it raised money as it seeks to become one of the world’s first regulated banks and let consumers trade fiat money into cryptocurrency.

The Zug-headquartered company said it secured 100 million Swiss francs ($104 million) from private and institutional investors for the venture, which is dependent on being granted a banking license from Finma, the Swiss financial regulator.

If something like this were possible and the topics that collected the most merits would be the most searched, commented and visualized, eventually it would serve as a downvote, upvote. I think that would be a great option. Especially for users who can not access the forum daily. The "best discussions topics of the week"

That would be unbelievable. I find it a very unlikely goal. It would have to be the largest global business counter ever built. I believe that we will reach this number when we sum up all the investors in all exchanges, Hodl, p2p and miners. But there would be no reason for just one exchange to concentrate so many people like that.

Why does anyone without any investment knowledge decide to put all their money into something they do not know? He acted more like a casino addict than an investor. If he had read a few books on investments you could have avoided most of these losses with average price, stop loss etc.

I do not think this is the main discussion related to cryptos. The big difference is the civil liability of organizations that maintains their assets. There are several regulations regarding how and what banks can do with the refusals that others place on their accounts. Regarding the exchanges, their responsibilities are almost non-existent.

What could and should occur would be more security and audit solutions specific to exchanges. But the main thing is that if well guarded, you will hardly lose your cryptocurrencies.

Even because Bitcoin does not exist. You can not save it in a box. What exists is your access to blockchain.

"world’s first charitable crypto donation app"

I think it is only now that the main mission of the flagship is totally clear. Helping others. Hopefully, after launch, this app will partner with large, well-known organizations. We need big companies adopting cryptocurrencies. And, above all, that people benefit from it.

Many who owned coins on MtGox have some knowledge about the market and know that dumping a large amount of coins will be harmful to everyone.

In addition, there are many legal issues involving taxes. In some countries, it would only be necessary to pay tax on this asset if you exchange your coins for fiat and send them to the bank.

Some others have probably gone on to other projects like Bitcoin Cash or Ethereum and can use these coins to pump these projects.

Early Execs Leave Block.one, The Peter Thiel-Backed Crypto Startup Behind EOS

Four early employees and two contractors have resigned from the Hong Kong cryptocurrency company Block.one to start up StrongBlock, a new blockchain project that is currently under wraps.

David Moss, Thomas Cox, Brian Abramson and Corey J. Lederer, the employees, were the second, third, fourth and fifth to be hired by Block.one, the corporate parent that created the decentralized operating system and application environment EOS.

EOS, a computing protocol that competes with the technology behind the bitcoin and ethereum blockchains, supplies a native cryptocurrency of the same name and has a market capitalization valued at more than $5 billion today.

At Block.one, the four employees took on overwhelmingly technical roles. Moss had been the senior vice president of technology operations, Cox the vice president of product, Abramson the vice president of infrastructure and Lederer the senior director of technology products.

The executives joined Block.one last year: Moss and Cox in August and Abramson and Lederer in September. But software developers Jon Eric-Cook and Michael S. Mason, the contractors, had just begun remote work on EOS in the spring.

According to their LinkedIn profiles, Abramson, Lederer, Cook and Mason quietly left Block.one and EOS in the summer. Moss had already quit by May, a month before Block.one published the EOS main network.

EOS launched two test networks last year in September and December and two test networks this year in January and May. The main network went live in June and was released as an open-source software platform.

"We left because we saw a need in the blockchain marketplace that Block.one was not going to address," one of the former Block.one employees said, but did not specifically comment on StrongBlock's strategy to improve the EOS blockchain.

In a live tweet posted from the Global Media Blockchain Summit in Los Angeles last month, Moss, the CEO of StrongBlock, had hinted that "EOS will be a 787 and StrongBlock will be a custom 787 factory" while displaying a picture of two Boeing 787 airplanes sitting inside a hangar during a presentation.

The ex-Block.one associates formed StrongBlock in July with Branden Espinoza, an EOS governance specialist. StrongBlock is in stealth and does not plan on releasing its product soon.

Their exodus has opened up a talent vacuum yet to be filled on Block.one's leading technical team, despite the company having recently raised billions in investor money and initiated the early stages of a core product roll-out.

Billionaire backers
In August, Block.one completed a year-long, $4 billion initial coin offering (ICO), the largest crowdfunding event involving the sale of a new cryptocurrency. The Block.one ICO priced EOS virtual currency, at the time an ERC-20 standard ethereum token, by market demand.

One EOS had reached over $20 in April. Of the raise, $1 billion had been reserved for assisting in the EOS blockchain's development and financing.

A bevy of billionaires were among those who bet big on Block.one. Venture capitalist Peter Thiel, hedge fund managers Louis Bacon and Alan Howard and cryptocurrency mining giant Bitmain invested in the round of funding that ended at the ICO's close.

Galaxy Digital CEO Mike Novogratz, Christian Angermayer and Lansdowne Investment Company Ltd. took part in a previous round, a company press release said.

Fred Wilson's Union Square Ventures and Multicoin Capital, a Texas cryptocurrency investment group backed by Andreessen-Horowitz and Chris Dixon, have separately bought EOS without investing in Block.one.

Block.one co-founders Brock Pierce, CEO Brendan Blumer and CTO Dan Larimer introduced EOS in May 2017.

Blumer, a video game entrepreneur, sold gaming accessories startup Gamecliff to Internet Gaming Entertainment in 2005 when he was 19. Larimer is known for architecting BitShares, a decentralized cryptocurrency exchange from 2013, and Steemit, a blockchain social media network from 2016.

Pierce, who is also the chairman of the Bitcoin Foundation and co-founder of the Tether stablecoin and blockchain fund Blockchain Capital, no longer held a role at Block.one after a March segment aired on the HBO talk show "Last Week Tonight" hosted by John Oliver.

Oliver jabbed at Pierce's eccentric lifestyle, out-there promotion of EOS and leadership at Digital Entertainment Network, a 1990s dot-com company that allegedly ran a Hollywood pedophilia ring from a Los Angeles McMansion, according to lawsuits filed in California accusing Pierce and two DEN executives of sexually assaulting three underage males at DEN house parties.

One of the executives, DEN co-founder and then CEO Marc Collins-Rector, had been previously arrested and convicted for sexually abusing a minor in New Jersey.

Buggy blockchain
EOS claims to solve bitcoin and ethereum's scalability, smart contract writing and decentralized functionality issues with delegated proof-of-stake (DPoS), a type of governance model for validating block units in a blockchain system to prevent network attacks and faulty transaction recording.

DPoS, a hybrid of the bitcoin blockchain's proof-of-work (PoW) and ethereum's proposed proof-of-stake (PoS) consensus mechanisms, asks users to vote on "witnesses" to confirm blocks that are produced by 21 nodes. Parties pre-selected by EOS control the nodes.

In contrast, PoW forces network participants to expend computing resources by mining randomly generated cryptographic hashes to verify blocks without giving preference to individual users. Block overseers under PoS, a closer relative of DPoS, are assigned mining power based on the amount of cryptocurrency that they hold.

PoS and DPoS have been widely criticized for enabling subjectivity and centralization of network decision-making. Validation can be slower and less neutral than in PoW blockchain models because a super-majority can band together and unduly influence collective interests, staking model skeptics have warned.

Critics again voiced their concerns when the entire EOS network froze on June 16, just two days after the first release version, "Dawn," had activated. Block producers locked seven accounts the next day to stop malicious actors from hacking into wallets and stealing user funds.

Five days later, the EOS Core Arbitration Forum (ECAF) executed an "Emergency Measure of Protection Order" that halted inbound and outbound transactions to and from 27 wallet addresses without explanation, stoking outcry that the bans set a dangerous precedent allowing users to be terminated and transactions to be reversed without cause — a risk not seen on the bitcoin network.

A block producer, who was dealing with a medical emergency, was threatened with a lawsuit in the following week for failing to comply in a timely manner with another ECAF order that had instructed him to update a network configuration, according to screenshots of WhatsApp conversations posted by several users on Twitter.

Larimer, under pressure from the controversy, issued a statement recommending that the dispute resolution body retreat into a passive role.

Since going live, the EOS network has struggled with defective source code. EOS' bug bounty program awarded a freelance software developer six-figures on the first day of the main network's release at a rate of $10,000 for every error patched.

Business bump
Kyle Samani, a managing partner at Multicoin Capital and a vocal supporter of EOS, has not been discouraged. In a June interview with Fortune, Samani admitted EOS has made mistakes but compared them to the rough start that the ethereum blockchain has gradually overcome.

Multicoin Capital owns large positions in both ethereum and EOS, but has highly praised EOS in particular for its scalability, interoperability, low transaction fees, on-chain governance, arbitration constitution and inflationary economics in a glowing review downloadable for viewing on the fund's website.

Asked about Block.one being short-staffed, however, Samani told CoinDesk in an email:

"We don't have anything to add on this front."

Israeli decentralized cryptocurrency liquidity protocol Bancor last week publicized a cross-chain expansion from the ethereum to the EOS blockchain to leverage EOS' transaction speed and cost-savings. BancorX, the anticipated product in the move, will trade between ethereum and EOS tokens distributed from ICOs and decentralized applications.

But Moss, the former Block.one technology VP, has said in an interview with ZenLedger CEO Pat Larsen that EOS' claims about being able to process "millions of transactions per second" is "a lot of hyperbole" because "there are some physical limitations, like the speed of light."

The network had conducted only about 4,000 transactions at most at any given time, Moss clarified, but added it was "amazing" and "exhilarating" to take EOS live with DPoS voting.

As of June, ethereum had eight decentralized applications running on it with 300 or more active users, while EOS had three. Ethereum launched in 2015.

Block.one did not respond to requests for comment about StrongBlock and the departures.