I often received a one time pin code through my email anytime i try to log in to my poloniex account and i must confirm my access using this codes but is this enough a security ? Can it not be broken easily?
As long as your email address has a completely different password to your Poloniex account, it's pretty safe. The danger is if you have similar passwords and then BOTH your email account and Poloniex account is hacked. Be Safe. Make sure all your passwords are completely different and are long and full strength.
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It's a relief rally. People think the adoption of segwit means there won't be a hard fork on August 1st.
Whether that is true or not is another matter.
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Poloniex support activity is really going down the drain. Are they still processing tickets or not?
They're still processing tivkets, they have a backlog. And the backlog isn't helped by people posting multiple tickets, which just go into teh queue behind the original ticket. You could try posting about your problem on the following thread: https://www.reddit.com/r/BitcoinMarkets/comments/6foeqy/exchange_issues_megathread_poloniex/Mention all your ticket numbers, and also add the following /u/mike-poloniex to your comment as it will send a personal message to him
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https://news.bitcoin.com/13-japanese-exchanges-suspend-bitcoin-service-august-1/The Japan Cryptocurrency Business Association (JCBA), formerly known as the Virtual Currency Business Study Group, announced on Tuesday its official plan for August 1.
Thirteen bitcoin exchange members of the association have agreed on how to deal with the possibility of a Bitcoin protocol split, which is expected on August 1 at 9:00 am Japan time, the JCBA detailed. “The occurrence of forking affects the transmission and receipt of bitcoins by all bitcoin users, and it is expected that all related virtual currency exchange operators and service providers will be seriously affected.”
Currently, the following 13 bitcoin exchanges are members of the JCBA that have agreed to this plan.
13 Japanese Exchanges Agree to Suspend Bitcoin Service on August 1Bitbank Inc. Bitpoint Japan Co. Ltd. Quoine Co. Ltd. Fisco Cryptocurrency Exchange Inc. Coincheck Co. Ltd. Btc Box Co. Ltd. Tech Bureau Co. Ltd. (Zaif Exchange) GMO-Z.com Coin Co. Ltd. Campfire Corporation Bit Trade Co. Ltd. Bitcrements Bitcoin Exchange Tokyo Bitcoin Co. Ltd. Minnano Bitcoin
Japan’s largest bitcoin exchange by volume, Bitflyer, is not among the list of members of the association. According to a July 13 article by Nikkei, the exchange has not decided on a plan for the possible disruption, but is expected to come out with one this week.
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It looks like they're just doing the maintenance and not necessarily mean that they're removing or delisting it in their exchange. Perhaps this problem has occurred because of the high load of transactions they handle or maybe not. Don't know.
But something is bothering me here, though. The response of the Litecoin Developer on Reddit for the same question doesn't make sense at all with the statement of Poloniex. Here is his reply:"No idea why they're saying this. The network isn't having any issues. And Poloniex have not informed us of any issues. If you are going to complain about us, at least email us." Source, Reddit.
See what I mean? Also, anyone uses Litevault wallet here? They're also having a problem with the high load of transactions. Though, I'm not suggesting that it has a correlation to what Poloniex is experiencing. Polo has been a bit strange recently - for example they had the steem wallet under maintenance for three weeks, while it was working just fine on other exchanges, and there were no blockchain problems. I personally think they are doing audits, and they freeze wallets while the audit is taking place.
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We have 14 days to wait while 50-100USD down per day.
Meet you at 700USD!
Nah. I think there is a support at about $1700, and then also at $1500. Don't think it will get lower than that.
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There isn't any single exchange where you can buy them all. Also note that exchanges like Poloniex and Bittrex delist coins which don't have high trading volume, so you can end up owning coins that you suddenly can't trade.
Do you homework before you buy and try to choose coins with a decent trading volume, as they are the most likely not to completely die.
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Most of the people using the trollbox were trying to pump coins or build up hype for their positions. It was a pumper/dumper paradise.
Who other than newbies will take a single word from the trollbox seriously? Originally, these chat boxes were there for traders to discuss strategies, sentiment, etc. It got rebranded to trollbox because these sites have been infested with newbies just burning down every quality discussion with pure gibberish. Nowadays they have no value, and thus should be removed permanently. Or these chat boxes should only be accessible to people with an account balance of +$10k. There were lots of noobs there though. The number of people online on Poloniex went from about 20,000 in Feb to 40,000 in May, most of those noobs. And they alll got encouraged to pile into alts that had already been pumped, thanks to that evil trollbox. I can only hope the poor things haven't lost too much money.
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When Ether had it's hard fork (and some people continued to mine ETC), the price tanked and stayed down for about nine months.
Speculators don't like these kinds of contentious disagreements. And there will be alts waiting on the sidelines hoping to take advantage and be the bitcoin killer.
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https://www.businessinsider.com.au/anz-and-westpac-just-successfully-used-blockchain-on-commercial-property-deals-2017-7Two major Australian banks have successfully used blockchain, instead of paper, for bank guarantees on commercial property leasing.
ANZ and Westpac teamed with IBM and shopping centre operator Scentre Group to digitise the guarantee process.
The trial used distributed ledger technology to replace paper-based guarantee documents, resulting in a single source of information with reduced potential for fraud and increased efficiency.
The use of blockchains, used to enable the digital currency Bitcoin, means you can prove where information has come from and gone to, creating new economic activity in areas such as financial services, supply chains and government registries.
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My chain of communication with Poloniex
----------------------------------------------------------------------------------------------- Hi xxxx, I am very sorry that this has happened to you, however we have not had any breach of security on our side and this incident is specific to your individual account. We can not be held responsible for any breach where the attacker has used your login details to gain access to your account. Your greatest risk is an account breach due to your login credentials being stolen through phishing or social engineering, which is most likely the case here. This is why it is so important to have 2FA enabled on your account. Also critical: the email address the account is registered under needs to be carefully protected as well, including a unique password and 2FA. Ideally, these accounts should be accessed either from a dedicated computer or a computer that is used for as little else as possible. Any sort of remote access software, such as Team Viewer or VNC, should be completely removed. It is not possible to reverse trades and if the funds have already since left our system/been withdrawn then unfortunately they will be gone forever due to the nature of blockchain technology. Our compliance team are investigating this particular matter however and if it surfaces that we can recover any or all of your funds then we would indeed inform you of this in due course. Thank you for understanding. Best regards, Kevin Poloniex Support Ticket: https://poloniex.freshdesk.com/helpdesk/tickets/271818B xxxx, said 4 days ago Thanks Kevin, Please let me know how long will it take for your compliance team to investigate this particular matter. Also please send me the evidence of who traded against me (the thief) and the evidence if the funds have since left the system. And if the funds have not left the exchange have you made any effort to block the thief's account and recover my funds. I would need all that information in the legal proceedings to follow. I did not have any security breach at my end and all my passwords Were secure. At the end of the day I have been a victim of a crime and exchange should do all it can to recover funds. Thanks, xxx K Kevin, said 4 days ago Hi xxx, First of all, your account details were not leaked by us. We have never had any data breach on our system. This has arisen from the attacker knowing your login details, most likely due to phishing or social engineering, or possibly even something so simple as a malicious browser extension. With regards to your request, unfortunately we cannot disclose details of an account to a 3rd party without a subpoena from law enforcement. Best regards, Kevin Poloniex Support thats completely and utterly bulls"it, they have the power to freeze any account they like and they can easily track down who's account was doing this and freeze it, it seems to me they don't care about what this hacker is doing. Thats true, I sent them a screen shot of trading graph and exact time of the attack, on the very illiquid pair. They still have not investigated this from the looks of it! totally outrageous its beyond a joke. I've just updated my ticket to tell them my password was one of a kind, never used anywhere else, i never give my password to anyone, don't write it down anywhere, and Is used on a secure devise. if they was to actually bother they could freeze his/her account and recover the funds, they just can't be bothered. i still think these exchanges should insure everyones funds for such things, i would happily pay a monthly fee if they did such thing. Do you think we should start a legal action? I have lost a lot because of this You need to report it to the police (you should have done this straight way). They are the only ones able to compel Polo to release the details of the person who traded against you, and to pursue the other trader for the funds (and try them in court). It's no good suing Polo - they can prove you didn't have 2fa, and therefore they are not liable (especially as the terms and conditions when you signed up probably say something to the effect thay you are responsible for making sure your passwords are not stolen.
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http://www.japantimes.co.jp/news/2017/07/10/national/crime-legal/mt-gox-ceo-mark-karpeles-braces-bitcoin-trial-japan/#.WWNS2mjTXIUThe former CEO of collapsed bitcoin exchange Mt. Gox will go on trial in Tokyo next week on charges stemming from the disappearance of hundreds of millions of dollars worth of the virtual currency from its digital vaults.
“He is keeping calm as the trial gets underway,” his lawyer Kiichi Iino said, adding that Karpeles, 32, plans to plead innocent.
Karpeles was first arrested in August 2015 and released on bail nearly a year later over allegations he fraudulently manipulated data and pocketed millions worth of bitcoins.
“The charges only cover a subset of the issues which were happening at Mt. Gox, so I don’t expect that we will find out most of the information we want to know,” said Kolin Burges, a British investor who said he lost several hundred bitcoins in the exchange’s collapse.
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It IS great news. But it will only help bitcoin if people actually start using btc to pay for their energy.
We have seen so many of these announcements in the past, but sadly the bitcoin community refuses to spend bitcoins, and then a few years down the line the provider removes the ability to pay with bitcoin (as no-one uses it and it's too much of a hassle to maintain the option for non-existent customers).
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For a third day straight bitcoin price is going down. The downward slope is very obvious and it might continue to go down up to the close of August 1. A lot of people are in the sideline just watching and some are selling already. Lets see in the next two days if the downward trend will continue.
People are just taking profits. Plus some people are rotating into either fiat or alts, just in case the Aug 1st thing doesn't go smoothly. Of course if it does go smoothly, watch for a jump in price afterwards.
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It sounds like you lost your username and password. That's down to you.
Put yourself in their shoes - if someone just turned up and said, please give me the coins from xyz account, I can't remember the password, I can't remember the IP address I used to deposit the coins, I can't prove I own the account I'm claiming, just trust me and hand over the coins, what would you think? They think that YOU are the scammer...
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the only thing you need to know about articles like this is: why would someone give advice like this?
it is clearly for his own benefit. you should always look past the obvious words and see what is behind them. when someone is taking out his profit to invest in another shitcoin to earn more, obviously he would advertise the shit out of that shitcoin to earn even more. it is just advertisement.
Ding, ding, ding! He clearly wants investors to follow him into his new ICO investment, thereby pushing the price up and allowing him to make a nice profit.
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i have ticketd opened for 25 days , THEY stole 1.83 bitcoin from my wallet and a little bit more, i ask multiple time to get a refund but THEY fuckn ignore me
ILL PAY 50 K FOR TRISTAN DAGOTA IN ANY CONDITION ILL PAY 25 K TO ANYONE THAT BRING ME POLONIEX EMPLOYEES IN ANY CONDITION
Instead of making wild threats, contact the police. Then contact poloniex to advise them that you have made an official report to the police.
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I wouldn't be so certain of that
US dollar lending interest rates are falling like a second or even third week in a row at Bitfinex, with more and more dollars wanting to be lent out (right now it's over 6 million dollars at ~0.07 daily interest). A month ago the rates were 3 times as much (people were borrowing dollars to buy bitcoins to sell them at a premium). This basically tells us that traders are moving from Bitcoin to fiat as a safe haven. Also, we could look at Bitcoin volume traded during the last few days. If this value went down (which seems to be the case), we could expect an abrupt crash in the Bitcoin price when someone relatively big starts selling out and then panic sell-offs inevitably kick in
Actually, the same conditions can be observed at Poloniex. Only three weeks ago, people were snapping up loans of 0.2% daily interest, but over 100BTC of offers now are below 0.09% daily interest - with an almost blank window for loan demands. I'm very suprised to see BTC back at 2,500 today but this thinning volume's bound to set off a knee-jerk reaction. It's because there arn't any alt pumps at present. Wait till they start pumping ether again - the interest rates will start to soar...
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