Vorhees wrote:
“Membership requires basic personal information to be collected. Today, Membership is optional, but it will become mandatory soon.
No one should be surprised by this that its what will happen eventually. Any business that will still want to stay relevant in the crypto world, will have to either fall in line or stop its services because it will soon be swimming in the pool of fines while the directors are looking at jail times that their lawyers will even advise them to accept plea bargain to get a reduce sentence. Thats how far and powerful the institution called government is. The governments are finally forcing cryptocurrency exchanges to comply with their needs if not then face certain charges. where is our freedom then? the decentralized world with full privacy that we know it is becoming more centralized than ever, as people were asked to give out their personal information on exchanges today in order to perform certain operations.  |
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Litecoin is the closest coin to Bitcoin at the moment and most technologies that are developed for Bitcoin has a tendency to be tested and adopted on the Litecoin side first. We saw that with SegWit, when we were trying to reach consensus, they accepted it without any problems. I think the Litecoin community are not as divided as the Bitcoin community.
Charlie Lee and the Litecoin Core Development Team has basically flown below the radar, but they have managed to adopt SegWit and the Lightning Network before Bitcoin did. ^smile^
Well, the ravencoin imitates the original bitcoin in many ways and it is also considered by many experts that perhaps might be the next version of bitcoin which more stable, scalable, efficient, and yet has a larger number of coins in circulation, about 21,000,000,000 to be mined in the future. |
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 A luxury car retailer based in Houston, Texas, has become the first Bentley, Bugatti and Rolls-Royce (but not Lamborghini) dealership in the United States to adopt cryptocurrency as means of payment. Post Oak Motor Cars, which is owned by Houston Rockets billionaire, Tilman Fertitta, will now accept bitcoin and bitcoin cash thereby breaking new ground in a segment that caters to athletes, celebrities and other elite clients. According to Fertitta, the decision to accept crypto is aimed at enhancing the experiences of customers. “The rising of bitcoin sparked my interest. Being a premier luxury car dealer, I always want to offer my customers the very best buying experience and this partnership will allow anyone around the world to purchase our vehicles faster and easier,” Fertitta, said in a statement. Partnering With Payments Processor Bitcoin payments at Post Oak Motor Cars will be processed by Bitpay, whose chief commercial officer, Sonny Singh, has said most buyers prefer making big purchases using the largest cryptocurrency by market capitalization because it is convenient. Fertitta, who acquired the NBA team Houston Rockets last year at a price of US$2.2 billion, has been a vocal proponent of bitcoin. At the beginning of the year, for instance, the billionaire who also hosts the Billion Dollar Buyer reality television show on CNBC declared that bitcoin would become a permanent feature as he predicted that his businesses spread across various sectors would start accepting cryptocurrencies as means of payment. Reference: https://www.ccn.com/houston-rockets-billionaire-owner-accepts-bitcoin-at-luxury-car-dealership/ |
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Ethereum’s price fell to a 12-month low of $228.8 today, falling below the $255.05 of Sept. 17, 2017, fulfilling expectations of those who have predicted a weakening of support that ICOs have bestowed on the second largest cryptocurrency since early last year. Ethereum’s price has been on a roller coaster since it began climbing above the $20 range in March of 2017. The price reached $1,377.72 on Jan. 13, 2018, according to Coinmarketcap.com, riding the cryptocurrency market growth at the time. Some analysts credited a surge to ICOs on the Ethereum blockchain. After January, the price fell, hitting $386.59 on April 7, 2018, then rose to $830.02 on May 5 before falling to its current low. The price began the current year in the upper $200 range, reaching $283.29 on Sept. 10, 2017. Arthur Hayes, CEO of BitMEX, postulated in mid-August that Ethereum’s price was being supported by the ICOs that occurred starting in early 2017. Hayes said the ICO investments come from VCs that will dump their Ether in response to the bear market. He predicted Ethereum will fall below $100. reference: https://www.ccn.com/ethereum-price-falls-to-12-month-low-as-altcoins-suffer/ |
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 Often lauded as a bastion of anonymity, financial independence and personal security, ShapeShift exchange has made a controversial move in the eyes of some users by introducing KYC (know your customer) guidelines which will require their users to register their real identities to use the service. CEO Eric Vorhees published an announcement which was posted on Twitter describing ShapeShift membership as a loyalty program offering rewards such as discounts and higher transaction limits to users completing KYC. 📰🦊ShapeShift has big news for our users! We are now offering a new membership program, that will provide users with more benefits & a better user experience. Find out why we are making these changes from our CEO @ErikVoorhees: https://t.co/LnOoyLbIMU pic.twitter.com/PiTk26xVkA — ShapeShift.io (@ShapeShift_io) September 4, 2018 Vorhees wrote: “Membership requires basic personal information to be collected. Today, Membership is optional, but it will become mandatory soon. Yes, that last detail sucks. We would prefer if the collection of personal information was not a mandatory element. We still firmly believe that individuals, regardless of their race, religion, or nationality, deserve the right to financial privacy, just as they deserve the right to privacy in their thoughts, in their relationships, and in their communications.” Vorhees states in the post that there are three reasons for the decision – an increase in users asking for account-based features, the relationship between tokenisation and accounts, and of course, regulation. “The practice of requiring customers to hand over personal private information is one we’ve struggled with since inception,” he said. “To the extent that digital asset technology remains a legal grey area, we need to be prudent and thoughtful in our approach as we navigate the regulatory environment.” The move has unfortunately been met with immediate criticism throughout the space, with prominent figure Andreas Antonopoulos voicing his disapproval: Very disappointed that @ShapeShift_io is implementing KYC. Just goes to show that any centralized entity will be pushed in that direction, which is why LN, atomic swaps and Decentralized Exchanges are the only way to resist surveillance economics. — Andreas M. Antonopoulos (@aantonop) September 5, 2018 Securities and defense litigation lawyer Jake Chervinsky posted an entire thread on Twitter discussing the matter, stating that regulators were silently invading crypto: 0/ A few thoughts on @ShapeShift_io's decision to start collecting users' personal information through a mandatory membership program. In short, this is how regulators silently invade crypto. Thread. https://t.co/ygiGzraE8q — Jake Chervinsky (@jchervinsky) September 5, 2018 Chervinsky stated that ShapeShift has historically enabled users to trade with total anonymity, referring to CEO Eric Vorhees as “a true bitcoiner who speaks passionately about financial privacy & separating money from state.” The lawyer went on to point out that the US government wouldn’t stand for that separation, calling the concept of anonymous crypto exchanges a “genuine nightmare” for regulators relying on financial surveillance. Chervinsky believes that FinCen, a bureau of the US Treasury Department, has threatened ShapeShift with enforcement action. In 2013, FinCEN issued guidance saying that all the regulations governing money services businesses apply in full to crypto companies, and offered an insight into the shadowy world of forced regulation. “Unfortunately, this is how regulation often gets done here in DC. Regulators accuse a company of violations based on a weak-but-plausible theory that might fail in court, but would be too expensive/risky/damaging for the company to fight in public, so the company cooperates.” Users on Reddit didn’t take the news any better than those on Twitter, with comments such as “Shapeshift is dead to me,” “Shapeshift has lost its moral compass,” “So sad. Time to move on,” and “Goodbye forever!” Shapeshift responded to one commenter asking if ShapeShift thought the users were stupid, referring them to a recent tweet by Eric Vorhees which simply said: What I write is being watched very closely. Please give us time. — Erik Voorhees (@ErikVoorhees) September 4, 2018 Source: https://www.ccn.com/crypto-exchange-shapeshift-sees-criticism-for-mandating-memberships-with-kyc-norms/ |
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 Regular bank ATMs have long been a target for criminals but now bad actors are turning their sights on Bitcoin ATMs as cryptocurrencies gain acceptance. According to Trend Micro security researchers, a malware targeting Bitcoin ATMs has been discovered in the underground markets. The Bitcoin ATM malware which is being sold at a price of US$25,000 takes advantage of a service vulnerability that allows users to purchase bitcoin worth 6,750 in either US dollars, British pounds or euros. The cryptocurrency purchases are done using Near-Field Communication (NFC) or the Europay, Mastercard and Visa (EMV) pre-written cards which are provided to buyers of the malware. Lack of Common StandardsPer the cybersecurity researchers, the lack of standardization with regards to Bitcoin ATMs may be contributing to the problem. “Unlike regular ATMs, there is no single set of verification or security standards for Bitcoin ATMs. For example, instead of requiring an ATM, credit, or debit card for transactions, a Bitcoin ATM involves the use of mobile numbers and ID cards for user identity verification,” wrote Senior Threat Researcher at Trend Micro, Fernando Merces. “The user then has to input a wallet address or scan its QR code. The wallets used to store digital currencies are not standardized either and are often downloaded from app stores, posing another security problem.” From the analysis they have conducted, Trend Micro researchers have determined that the vendor of the malware has received more than 100 reviews meaning the malware could be gaining traction. The situation could get worse as the vendor is also proposing partnerships with interested parties on a revenue-sharing basis. Looking to Cash in as Bitcoin ATMs IncreaseThis comes at a time when the number of Bitcoin ATMs has exceeded 3,500 across the globe as CCN recently reported. While the Bitcoin ATM malware can be used in any location of the world, support by the malware vendor is restricted to the English, Russian and German-speaking markets. This is likely not a coincidence as more than half of the Bitcoin ATMs are located in predominantly English-speaking countries with Russian and German-speaking groups also enjoying healthy representation. A pre-dominantly English-speaking market such as the United States currently has 2166 Bitcoin ATMs while the United Kingdom boasts of 171 such devices. The Russian Federation is also in the top five with 72 locations besides more outlets located in other countries with Russian-speaking populations such as Ukraine. Austria and Switzerland, which boast of a significant number of German speakers, are also among the leading countries with regards to Bitcoin ATM adoption – with 153 and 29 locations respectively. Source: https://www.ccn.com/malware-targeting-bitcoin-atms-goes-on-sale-for-us25000/ |
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 Subsequent to recording the steepest daily drop in valuation in recent years, the crypto market has struggled to rebound in a convincing manner, pushing the dominance index of Bitcoin further up. Throughout the past 24 hours, the dominance index of Bitcoin achieved 55 percent, its highest point since December of last year. As tokens lost out largely against Bitcoin, the dominance index of the cryptocurrency increased significantly over the past few days, from 51 percent to 55 percent.  While the crypto market has avoided a drop below the $200 billion mark to its yearly low at $192 billion, Bitcoin and the rest of the market are still in a steep downward trend, with little to no support in mid-$6,000. Goldman Sachs Wasn’t the TriggerYesterday, on September 6, CCN reported that the announcement of Goldman Sachs, the $90 billion US-based investment bank, to supposedly pivot away from Bitcoin trading desk operation to crypto custody had no impact on the price of Bitcoin. “It is evident that the Goldman Sachs announcement had no impact on the short-term price of BTC. Ostensibly, the announcement of Goldman Sachs may seem like a negative development for the cryptocurrency sector,” the report read. Hours after the report of CCN was released, Goldman Sachs chief financial officer Martin Chavez officially refuted the reports that Goldman Sachs is delaying the launch of its Bitcoin trading operation, characterizing the reports as fake news. “I think one of the wonderful things about us is that we get written about a lot. I never thought I would hear myself use this term but I really have to describe that news as Fake news,” Chavez said at a TechCrunch conference. If Goldman Sachs had been the main trigger that led the Bitcoin price to fall from $7,400 to $6,400, the direct denial of reports regarding its Bitcoin trading operations should have led BTC to recover to its previous resistance level. The unconvincing movement of the cryptocurrency market despite the decision of Goldman Sachs to refute all reports related to its crypto venture has shown that the market initiated a large sell off due to large sell pressure that was built on top of Bitcoin since late August.
Where is Bitcoin Headed to?If Bitcoin fails to break out of the $7,000 resistance level in the next 24 to 48 hours to completely reverse its fall from the $7,400 mark, then it is highly likely that Bitcoin will test the $6,000 resistance level once again in the upcoming days, as it has done in April, June, and August. The expected drop of Bitcoin to the low $6,000 level is not necessarily negative, as it would allow the dominant cryptocurrency to bottom out at its low price range and prepare for a mid-term rally in the months to come. In the meantime, due to low volumes and increasing activity of Tether (USDT), tokens and small market cap cryptocurrencies will likely continue to bleed out against Bitcoin and the US dollar. Source: https://www.ccn.com/bitcoin-dominance-hits-55-as-crypto-market-struggles-to-recover-convincingly/ |
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yeah, sure.
Satoshi stayed anonymous for 9 years and kept his privacy then all of a sudden he decided to come out on Twitter and with his name and then keep advertising a website called nakamotostudies [dot] org which is a bitcoin-cash advertising website! LOL
Haha... that's very funny, actually  Don't tell me this is another trick by the bcash boys. |
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Adult entertainment streaming service Tube8 – a Pornhub subsidiary with over 150 million page visits each month – wants to reward your porn-watching habits with cryptocurrency… so it is putting its entire platform on the blockchain. In a note exclusively shared with Hard Fork, the company revealed it has entered an agreement with Vice Industry Token (VIT) that will see its platform entirely tokenized. The collaboration will enable users to earn VIT tokens for streaming and interacting with Tube8 videos. The token implementation is expected to take place by the end of the year. The move will make Tube8 the very first major adult platform to adopt token-based rewards and actually pay its users for their activity on the website. "But before you get too excited about turning your pornography addiction into a career, there are a few red flags you should know about."  Source: https://thenextweb.com/hardfork/2018/08/17/pornhub-tube8-blockchain-cryptocurrency/ |
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300,000% Return in a Few Seconds – the 2017 GDAX Flash Crash Crypto veterans will remember the June 21, 2017 GDAX flash crash, where the ETH/USD market experienced a rapid 99.96% price drop of ETH from $317 to $0.10 in a matter of seconds. What happened?On 21 June 2017 at 12:30 PT, a multimillion dollar market sell of ETH was placed on the GDAX ETH/USD order book. Due to a thin order book, the massive market sell off caused buy orders to be filled from $317 to $224, translating into a book slippage of 29.4%. This slippage started a cascade of approximately 800 stop loss orders and forced liquidations of long positions, pushing the price further down, causing ETH to trade as low as $0.10 for a few seconds before completely recovering to around $300. Moments before the crash, one trader placed an order to buy 3,809 Ether at the price of $0.10. With ETHs price recovery, in seconds, that Ether was worth $1,124,700, resulting in a 300,000% return for the trader. Why Was Such a Drop Possible?On traditional markets, flash crashes have happened before, such as the 2010 flash crash which saw the Dow Jones index lose 9% in a matter of minutes. As is usually the case when comparing the cryptocurrency market with traditional markets, the GDAX flash crash was much more extreme. It is speculated that the same trader who made the trade of a century also orchestrated the flash crash themselves with a multi-million dollar market sell because they noticed: - That GDAX had no internal protocol to automatically halt trading of an asset after it drops a certain percentage quickly. - The thin buy order book. - The abundance of stop loss orders. Stop loss orders which are placed by traders to market sell their assets after they drop a certain amount. - The amount of leveraged longs. When a leveraged long is margin called, the exchange sells the collateral at market price in order to prevent further losses. The AftermathCoinbase, the company that operated the GDAX exchange, stated that the official investigation showed no indication of wrongdoing or account takeovers and reported that their matching engine operated as intended through the event. Citing their terms&conditions, they reminded customers that margin trading carries inherent risk, and that no trades will be reversed. The company was facing a public loss of trust and potentially even lawsuits from disheartened traders. Eventually, the came out with a second public release and stated that every trader that got margin called or had their stop loss orders executed will be credited for the lost amount with Coinbase’s own funds. The Wonder of Market ForcesAfter news of the traders incredible return of investment went around, traders started putting in limit buy orders at price levels they knew were unlikely to get filled, hoping to make a huge profit in the event of another flash crash. In doing so, traders consolidated the buy order book and increased support levels at all prices, reducing the chance of such a flash crash happening in the future. Source: https://coincodex.com/article/2272/300000-return-in-a-few-seconds-the-2017-gdax-flash-crash/
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I found this twitter handle a few months ago https://twitter.com/satoshi which claims to be own by the founder "Satoshi Nakamoto" and I've been following it ever since. What are your thoughts... I know there are lots of "Faketoshi(s)" out there  |
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You used a transaction fee that's pretty low, but that transaction would still get through. It's just that we currently have unconfirmed transactions on the blockchain that's higher than normal (currently at 9433 Unconfirmed Transactions as we speak). Make it a habit of how congested the blockchain is before deciding on your transaction fee; as times like this, you definitely would want to use higher fees. https://www.blockchain.com/en/btc/unconfirmed-transactionsNo. I never get to put the transaction fees myself. I made the transaction from the cryptocurrency exchange - CoinBene! Oh. Yikes. There's pretty much nothing you can do about it then. Anyway, your transaction now has 2 confirmations. You used a transaction fee that's pretty low, but that transaction would still get through. It's just that we currently have unconfirmed transactions on the blockchain that's higher than normal (currently at 9433 Unconfirmed Transactions as we speak). Make it a habit of how congested the blockchain is before deciding on your transaction fee; as times like this, you definitely would want to use higher fees. https://www.blockchain.com/en/btc/unconfirmed-transactionsIt's better to pay for a higher transaction fees a services will become faster we can be sure of our processing method that is safer and reliable we should give to our customers a good and nice accommodation for them always trust us. It depends. You want it asap? Pay higher fees. You don't mind waiting longer? Pay lower fees. The transaction finally went through after waiting for over 6 hours at last. |
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You used a transaction fee that's pretty low, but that transaction would still get through. It's just that we currently have unconfirmed transactions on the blockchain that's higher than normal (currently at 9433 Unconfirmed Transactions as we speak). Make it a habit of how congested the blockchain is before deciding on your transaction fee; as times like this, you definitely would want to use higher fees. https://www.blockchain.com/en/btc/unconfirmed-transactionsNo. I never get to put the transaction fees myself. I made the transaction from the cryptocurrency exchange - CoinBene! |
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It seems many people still never understand the vital role of bitcoin in the cryptocurrency ecosystem. bitcoin is the backbone of the cryptocurrency market, with crypto exchanges putting bitcoin as the major altcoin exchange pair thus, the bitcoin will last forever.
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Bitcoin is a digital currency that is fast, secure, and decentralized. it is acceptable worldwide no borders or boundaries as well it is a revolution that is why the banks are afraid of bitcoin and cryptos in general. |
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The total cryptocurrency market was $238 Billion a few hours ago and yet the market is almost $260 Billion.  |
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Bitcoin is not hard to understand people are just lazy to read.
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The self-acclaimed "Satoshi" didn't take long to find a fight In that case, what about Roger Ver who is using @bitcoin to promote Bcash? that's mutiny! |
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