Facebook suffered its worst-ever outage on Wednesday 13th March. The downtime, which also hit related products Instagram, Messenger and WhatsApp, lasted for at least 14 hours.

The blackout hit millions of users across the globe and caused Facebook stock to tumble 2 percent in after-hours trading.

Every minute that Facebook is offline costs an enormous amount of money. By extrapolating from the company’s 2018 revenue figures, we can estimate that yesterday’s blackout could cost Facebook up to $90 million in lost revenue.

    We’re aware that some people are currently having trouble accessing the Facebook family of apps. We’re working to resolve the issue as soon as possible.

    — Facebook (@facebook) March 13, 2019


Facebook Loses $6.3 Million for Every Hour of Downtime

In 2018, Facebook reported $55.8 billion in revenue. Broken down into days, hours, and minutes, it looks like this:

    Annual: $55.8 billion
    Daily: $152.9 million
    Hourly: $6.4 million
    Every minute: $106,700

With Facebook’s services down for up to 14 hours, we can estimate that the social media giant faces an $89.6 million loss in revenue from advertisers.

Of course, the figures are not 100% accurate. The blackout appears to be partial, and we don’t yet know how many users were fully affected. But even if it’s a half or quarter this figure, that’s an enormous loss.


Facebook Stock Plunges 2%

The potential loss of revenue is enough to worry traders. Facebook stock plunged 2 percent in after-hours trading as investors digested the impact of the outage.



Facebook stock is down over 2 percent in pre-market trading after an epic blackout. Source: Google Finance


Until Facebook reveals more about the downtime and implications on revenue, traders are anticipating the worst.

It comes after Facebook’s strong 31 percent stock run in 2019 alone.


Facebook’s “Worst Ever” Downtime

Facebook acknowledged its blackout at 5.49pm UTC with a tweet. Yes, the irony of Facebook taking to Twitter to update its users is not lost on us! Many users trying to access the service received the error message:

    “We’re aware that some people are currently having trouble accessing the Facebook family of apps. We’re working to resolve the issue as soon as possible”

According to Downdetector, the error reports peaked overnight, with most issues resolved by morning.



Facebook downtime reports peaked at 2 am UTC. Source: Downdetector


Facebook confirmed the downtime was not a result of a distributed denial-of-service (DDoS) attack, in which malicious actors flood the servers. The full reason for the disruption has not been released.

    We're focused on working to resolve the issue as soon as possible, but can confirm that the issue is not related to a DDoS attack.

    — Facebook (@facebook) March 13, 2019


Is Facebook Back Online Yet?

As of Thursday morning, Facebook appears to be back online for most users. However, there are still pockets of disruption in Europe, Japan, and the US according to Downdetector’s heat map.



Global map depicting the massive outage. Source: Downdetector


Instagram is back online, announcing the news with an Oprah Winfrey gif.

    Anddddd… we're back. pic.twitter.com/5E8UdlcsPJ

    — Instagram (@instagram) March 14, 2019


Should We Trust a Facebook Cryptocurrency?

As CCN has reported, Facebook is working on the launch of “FacebookCoin.” It’s a stablecoin, pegged to the US dollar, that would allow peer-to-peer payments within its Messenger app. One analyst at Barclays claims it could give the company a $19 billion revenue injection.

This blackout, however, proves that Facebook isn’t ready to offer a reliable cryptocurrency. Not being able to update your status is one thing. Not being able to access your money is another, much more serious problem.

Take this as a reminder that one central company should hold central power over your money.


Reference: https://www.ccn.com/facebooks-blackout-90-million-lost-revenue

Despite being down 80 percent from its all-time high, a fairly large number of investors are still cautious and shorting bitcoin in a low price range.

Bitcoin shorts achieved a 3-week high earlier this week, demonstrating a  lack of confidence of investors in the cryptocurrency market in the near-term performance of bitcoin.



1-Month Price Chart of Bitcoin (Source: Coinmarketcap.com)


But, according to a trader known to the cryptocurrency industry as “Galaxy,” bitcoin at $3,000 may be a rare opportunity that does not come again in the future.


Why $3,000 For Bitcoin is Rare

According to Galaxy, since its inception, bitcoin has established a trend of reaching a new all-time high, enduring a steep decline in price, initiating an accumulation, and recovering to a new high.

Based on that trend, the trader said that investors will likely never see Bitcoin at $3,000 once again after April and the dominant cryptocurrency is en route to recovering in 1 to 2 months.

He said:

    Although prices may appear to be random (to some), they actually create repeating patterns and trends.

    Observing this pattern makes April the last month of cheap BTC. And now, of course it will be cheap multiple times in the future, but never $3,000 cheap.

There are several traders and technical analyst who foresee bitcoin replicating its price movement in November wherein it experienced three months of stability and fell by nearly 50 percent in the following month.

    $BTC mirror world, times almost up ⌛️ pic.twitter.com/F8em6QQd7E

    — Moon Overlord (@MoonOverlord) March 14, 2019

If bitcoin fails to cleanly break into the $4,000 region and surpass key resistance levels at $4,200 and $4,300, analysts have said that a retest of lows at $3,300 and $3,122 is a possibility.


Reference: https://www.ccn.com/bitcoin-is-cheap-until-april-well-never-see-price-at-3000-again-trader

Court Rules Quoine Exchange Liable for Reversing Bitcoin Trades Worth Millions

The Singapore International Commercial Court has ruled against cryptocurrency exchange Quoine after it reversed trades for a total of 3,092 bitcoins (BTC) by crypto market maker B2C2 two years ago.

The court published a case summary Thursday, stating that it found Quoine liable for the “breach of contract and breach of trust” in reversing B2C2’s trades made at an “abnormal” exchange rate back in April 2017.

B2C2 had made seven trades in which it sold ether (ETH) at an exchange rate of 10 BTC per token – approximately 250 times higher than the market rate of about 0.04 BTC to 1 ETH at the time, according to the court document.

The proceeds of the trades were then automatically credited to B2C2’s account by Quoine, and the corresponding amount of 309 ETH was debited. But, a day later, when Quoine discovered the abnormality, it canceled the seven trades and reset the balances to their pre-trades state.

In August 2017, B2C2 sued Quoine, aiming to recover the 3,092 BTC (worth almost $12 million at press time) from the exchange.

B2C2 at the time said that Quoine “had no contractual right unilaterally to cancel the trades once the orders had been effected.”

While the court has sided with B2C2 in its ruling, it declined to order Quoine to transfer 3,092 BTC back to B2C2, given that the price is “substantially higher” than the price in April 2017 when the trades were executed. Back then, a bitcoin was worth around $1,300, while today the price is around $3,850.

“Instead, the plaintiff’s [B2C2] remedy lay only in damages which, if not agreed, will be assessed at a subsequent hearing,” the court said.

This is one of the court’s first judgments involving cryptocurrencies, in which it found that cryptocurrencies have the “hallmark characteristics of property.”

In response to the ruling, Quoine issued a statement on Thursday, stating that it was disappointed with the judgement.

Quoine CEO Mike Kayamori said:

    “We are reviewing the judgment and considering our options, including the possibility of an appeal.”


Reference: https://www.coindesk.com/court-rules-quoine-exchange-liable-for-reversing-bitcoin-trades-worth-millions

QuadrigaCX Widow: CEO Mixed Personal Funds with Crypto Exchange


Gerald Cotten, the deceased founder and CEO of crypto exchange QuadrigaCX, used his own cash to make customers whole during a legal battle with a bank, his widow said.

Jennifer Robertson, Cotten’s wife and executor of his estate, said in a statement sent to CoinDesk Wednesday that Cotten told her he was putting his own funds into the exchange after the Canadian Imperial Bank of Commerce (CIBC) froze its fiat holdings in 2018 over questions about their origin.

In the statement sent by law firm Stewart McKelvey, she said:

    “While I had no direct knowledge of how Gerry operated the business, he told me that he had been putting his own money back into QCX to fund user withdrawals in 2018 while the CIBC money remained frozen. I believe Gerry had the best interests of the business in mind, and cared for his customers.”

Roberston also said Stewart McKelvey would be withdrawing itself from representing the exchange moving forward after an unspecified conflict of interest was discovered by QuadrigaCX’s court-appointed monitor Ernst & Young (EY).

In the statement, Robertson says:

    “I have been advised by Stewart McKelvey that, in light of concerns regarding a potential conflict of interest that have been raised as a result of information which has come to the attention of the Monitor since the start of the CCAA process, they have withdrawn from representing QuadrigaCX (QCX) and the other applicant companies in the CCAA process.”

The statement added that “details of such information from the Monitor has not been disclosed to me.”
Missing funds

Quadriga filed for creditor protection at the end of January, claiming that after Cotten’s death, it could no longer access nearly $140 million in cryptocurrencies and was unable to send funds to some 115,000 customers.

The Nova Scotia Supreme Court appointed EY as a monitor for the exchange, allowing EY to oversee and facilitate Quadriga’s efforts to recoup some of its missing funds.

To date, EY has announced that, while it is making some progress in securing Quadriga’s fiat holdings from various third-party payment processors, it has not yet been able to locate any more than a fractional amount of its crypto holdings.

Perhaps most notably, six bitcoin cold wallet addresses Quadriga said it used were empty, raising questions as to whether the exchange still has any of the missing cryptocurrencies at all.


Reference: https://www.coindesk.com/stewart-mckelvey-quadriga-law-firm

In the past 3 months, the Bitcoin price has been relatively stable, performing strongly against the U.S. dollar with solid volume across major markets in the likes of the U.S. and Japan.

Since December 16, within a 3-month span, the Bitcoin price has increased from its yearly low at $3,122 to $3,943, testing the $4,000 resistance level.



3-Month Bitcoin Price Chart (Source: Coinmarketcap.com)


The stability of Bitcoin has led many tokens and alternative cryptocurrencies to record large gains against both BTC and the USD, with assets Litecoin, Enjin Coin, and Kyber Network surging by 50 to 100 percent in short time frames.

However, speaking to CCN in an interview, a cryptocurrency technical analyst known as “Bleeding Crypto” said that a drop to $1,850 still remains a strong possibility for the dominant cryptocurrency.
Why $1,850 For Bitcoin?

Earlier this month, after Bitcoin cleanly broke out of $4,000 but failed to break out of the crucial $4,200 resistance level, the technical analyst said that a drop to $2,400 to $3,100 is likely to be the next near-term move for BTC.

    Bitcoin > $4,000

    — Barry Silbert (@barrysilbert) February 23, 2019

According to the analyst, in mid-2017, Bitcoin remained in the $2,400 region for several months before dipping to $1,850 and establishing a bottom following the Bitcoin Cash hard fork, which led to a bearish trend in the market.

Bitcoin never re-tested the $2,450 mark once it recovered from $1,800 and due to the steep decline in the price and momentum of the asset in the past year, the analyst said that a potential drop to $2,450 is possible in the months to come.


Reference: https://www.ccn.com/bitcoin-price-could-sink-to-1850-despite-bullish-crypto-momentum

Five YouTube Videos
1. https://youtu.be/YSbD5mgwvW4
2. https://youtu.be/DnXrRNJ5vQc
3. https://youtu.be/50juJSrconk
4. https://youtu.be/zqELDCgrTgQ
5. https://youtu.be/DYr2mHdOUyo


YouTube Playlist
CloverDex - Modular Hybrid Decentralized Exchange
https://www.youtube.com/watch?v=YSbD5mgwvW4&list=PLMXjy0ZG9m3852zj_k-QwKhLVgC5foXZj


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CloverDex - Modular Hybrid Decentralized Exchange
https://www.facebook.com/cybersofts/posts/2355405397845589


Twitter Share
CloverDex - Modular Hybrid Decentralized Exchange
https://twitter.com/Affgenius/status/1102192084717654016

#Proof Of Authentication

1) Your Bitcointalk username: cybersofts
2) Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=896499
3) Telegram @Username: @cybersofts
4) Email Address: cybersofts@yahoo.com
5) Which campaign(s) you are participating in:  YouTube

Bitcoin Bulls:
========
Jack Dorsey
Elon Musk
Steve Wozniak
Bill Miller
Peter Thiel
Abigail Johnson


Bitcoin Bears:
=========
Jamie Dimon
Warren Buffett
Ben Bernanke
Larry Fink
Nouriel Roubini
Joseph Stiglitz


What side are you on?


Twitter | https://twitter.com/barrysilbert/status/1101104336615194625

#Proof of Authentication

Bitcointalk Username: cybersofts
YouTube Campaign: Yes
Telegram Username: @cybersofts
Wearing DAXICO's Telegram Avatar: YES
Wearing DAXICO.com on Telegram Name: YES

bump!

bump!

Hi guys,

I recently found this pool below on Twitter which was made by the Litecoin creator Charlie Lee [@SatoshiLite].
Well, I'm not fully satisfied with crypto-twitter guys when it comes to real crypto related pools.
And I said, let's start a new pool here to see the actual result on bitcointalk.
So, what are you and why is that, huh?  

Mother of All Breaches Exposes 773 Million Emails, 21 Million Passwords



There’s no shortage of data breaches these days, but this one should make you sit up and pay attention. The newly discovered “Collection #1" is the largest public data breach by volume, with 772,904,991 unique emails and 21,222,975 unique passwords exposed.

The breach was first reported by Troy Hunt, the security researcher who runs the site Have I Been Pwned (HIBP), where you can check if your email has been compromised in a data breach. In his blog, Hunt says a large file of 12,000 separate files and 87GB of data had been uploaded to MEGA, a popular cloud service. The data was then posted to a popular hacking forum and appears to be an amalgamation of over 2,000 databases. The troubling thing is the databases contain “dehashed” passwords, which means the methods used to scramble those passwords into unreadable strings has been cracked, fully exposing the passwords.

So what does this mean for the average person? According to Hunt, it means compromised email and password combos are more vulnerable for a practice called credential stuffing. Basically, credential stuffing is when breached username or email/password combos are used to hack into other user accounts. This could impact anyone who has used the same username and password combo across multiple sites. This is concerning as the Collection #1 breach contains almost 2.7 billion combos. Plus, around 140 million emails and 10 million passwords from Collection #1 were new to Hunt’s HIBP database—meaning they’re not from previously reported megabreaches.


Continue reading: https://gizmodo.com/mother-of-all-breaches-exposes-773-million-emails-21-m-1831833456

Bitcoin = Love
People all over the world are flocking into bitcoin regardless of their race, culture, and believes.
Bitcoin is for everyone no matter where you are around the world, no matter the race or skin color.
In fact, the bitcoin is more transparent than any government or company yet more decentralized than both.
Is bitcoin going to be the biggest economy in the future?

Reddit is trying to play games!
What on Earth is stopping them from accepting bitcoin?
Heck, they have added PayPal for God sake, and why not bitcoin???
Come on guys, tell me what is going on between bitcoiners vs Reddit (Perhaps, there's a bad-blood in the past).

The Federal Reserve Bank of St. Louis has released an article today about Bitcoin. In it, the bank notes that the price of Bitcoin has three potential futures: indefinite, infinite appreciation; zero; or somewhere in between. They believe it will be somewhere in between.

The authors, David Andolfatto and Andrew Spewak, conclude that one of the factors dragging down the price of Bitcoin is an ever-expanding supply of alternatives. Bitcoin is an inherently speculative and volatile asset. A fixed supply doesn’t mean an ever-increasing value. Demand determines value, after all. Other tokens are frequently launched which have properties attractive to a portion of the market. If Bitcoin was still the only cryptocurrency, something which was only the case for a very brief time in its history, this money would probably go into Bitcoin.
Bitcoin Maximalists Ignore Important Realities

However, the Bitcoin maximalist argument that Bitcoin will simply usurp any improvements by other tokens has never come to fruition. There are even fewer dApps and users of dApps via Bitcoin’s blockchain than much later entrants like Tron.

The Federal Reserve economists write:

    Consider the following thought experiment. A restaurant selling meals for $10 will happily accept payment in the form of one Hamilton bill ($10) or two Lincoln bills ($5). That is, the nominal exchange rate between Hamilton and Lincoln bills is 2:1. Now, suppose that the supply of Lincoln bills is increased but the supply of Hamilton bills remains the same. The exchange rate remains unaffected […] That is, the increase in the supply of Lincoln bills has led to a decline in the purchasing power of both Lincoln bills and Hamilton bills, even though the supply of Hamilton bills has remained fixed. Might an expansion in the supply of Altcoin have a similar depressing effect on the price of Bitcoin?

There are other complicating factors to the price of Bitcoin. On the one hand, it is the cryptocurrency with superior liquidity. This makes it the on-ramp and off-ramp for many other cryptocurrencies. Does anyone remember when ICOs were primarily conducted for Bitcoin? Nowadays Ethereum performs that function. Importantly, ICOs fueled demand for Ethereum through 2017 and 2018. Ethereum has a large supply and may never stop producing new units. Therefore, its lower values make sense: the more available something is, the less value it is.


Contiune reading: https://www.ccn.com/federal-reserve-blames-altcoins-for-dragging-down-the-bitcoin-price/

On January 11, the crypto market experienced an intense sell-off as the Bitcoin price dropped below the $3,600 mark and major digital assets recorded drops in the range of 10 to 15 percent.

Following a drop in the price of BTC from $4,036 to $3,503, traders expect the dominant cryptocurrency to fall below key support levels in the low $3,000 region, possibly below $3,300.





Crypto Winter Not Over
In mid-December, prior to Christmas Eve, many investors in the cryptocurrency market demonstrated renewed optimism toward a short-term trend reversal of Bitcoin and other major cryptocurrencies due to the strong recovery of BTC from its 12-month low at $3,122.

From December 17 to 20, the Bitcoin price increased from $3,181 to $4,172, by more than 31 percent within a three-day span.

But, at the time, an FX hedge fund CEO Su Zhu said that buy walls on leading fiat-to-crypto exchanges in the likes of Coinbase and Bitstamp started to build up in the $3,200 to $3,300 range and investors began accumulating the asset at a low price range.

He said on December 13:

    10% down from here ($3,300), buy walls on @Coinbase are now the largest (in BTC notional ) since mid-2015. Similar for Bitstamp. To break lower will require filling these fiat-backed bids. Either 1) more BTC borrow to come online 2) KYC-able off-ramp selling. Derivatives selling will just lead to funding becoming very negative as it has been.

The short-term rally Bitcoin experienced from December 17 to 20 was essentially a corrective rally triggered by oversold conditions and given the lack of momentum of the asset throughout late December and early January, it was fairly evident that the probability of a proper short-term rally was low.

DonAlt, a cryptocurrency investor and technical analyst, said after BTC fell below $3,600 that a drop to $3,350 can be expected as a support level at $3,600 was cleanly breached.

“Clean break of support. If we do retest $3,700 on the weekend and don’t manage to close above there I’m expecting $3,350. I’ll most likely close my hedge short there. This is the reason why you shouldn’t trust mismatched patterns – it’s an easy way to get rekt,” the trader said.


Expect Low Liquidity Assets to Underperform
As Bitcoin dropped by more than 10 percent in a 48-hour period, Ethereum, Bitcoin Cash, and other major cryptocurrencies recorded 15 percent falls against the U.S. dollar.

Ethereum, which was expected to maintain a positive upward price movement in anticipation of its Constantinople hard fork on January 14, was overtaken by Ripple.

Although the daily volume of Bitcoin and Ethereum still remain relatively high, the volume of the cryptocurrency market is hovering at $15 billion, down $7 billion since January 10.

If crypto assets continue to free fall without meaningful volume and strong sell pressure, a short-term drop should be expected.


Reference: https://www.ccn.com/is-bitcoin-price-heading-to-low-3000-traders-expect-short-term-downtrend/

$2650
For the first quarter 2019.
The market is still bearish there is no reason to be bullish.

Well, it looks like a scam to me. Hdac have our emails, and bitcointalk profile urls why not send us an email or PM for missing the payments since it took over 8 months after the TGE? The way I see it, Hdac planned this from the beginning. Thus, Hdac is a scam, period!

And let me tell you something I was sending PMs to Hdac since October for the second payment but no reply. What fuck was that? I followed all the procedures for the second payment but nothing up to now. So, if you are not helping just shut up your mouth and let me take my revenge on these scammers.

The market is looking so boring this year

Bakkt launch is a joke.
Bitcoin ETF is becoming political.

On the market prediction side:
Tom Lee is a joke
Arthur Hayes is a joke
Mike Novogratz is a joke
Changpeng Zhao is calm
John McAfee is a psycho
Jamie Dimon is laughing

And we are all panic, no more pretending now
What we all gonna do now? I failed all my goals in 2018 and I don't want to fail this year again.

What is your advice, guys?