Here's the latest update from the receiver: https://www.cryptocoinsnews.com/bitcoin-cryptsy-subpoenas-ceo-missing/The receiver, James D. Sallah, an attorney for Miami, Fla.-based Payton & Associates LLC, filed the report in the U.S. District Court Southern District of Florida.
The court appointed Sallah as receiver last month in response to an investor lawsuit and gave him control of Cryptsy’s assets, CCN reported.
Sallah confirmed in his report that investors do not have access to their Cryptsy accounts and that significant amounts of funds are missing and/or possibly locked in Cryptsy servers that he’s trying to access. He also confirmed that Cryptsy is no longer operating.
Sallah said he has not received any cooperation from Vernon. He demanded an accounting of the missing funds from Vernon in a letter, but has received no response. He said he has gained some cooperation from former Cryptsy employees.
He is trying to find all of the investors and determine what they are owed. He is also trying to find out which investors made money, how much, and when, as well as which received money back.
Sallah noted he has spoken with investors daily. He said he will try to determine how investors can be repaid what they are owed. If any investors improperly profited, he will try to see that the profits are returned and take legal action if necessary.
The receiver also said he will contact the landlord of the premises in Delray Beach where Cryptsy operated. He said there are presently no computers, furniture or equipment to secure unless it was relocated, which he will continue to investigate. |
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They are hedging because of the civil war going on in bitcoin. The war hasn't affected the bitcoin price yet because people are waiting for the halving - but after July, if we're going to have small blocks and people are told to use other alts if the blocks are full, then might we might see migration to an alt in My Space => Facebook fashion.
At the end of the day it doesn't matter to BTC-E which alt wins the race as long as it is traded on their exchange.
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Angelina doesn't have a vote. It is amazing the amount of people from abroad who have been trying to sway the vote: Obama, Trump, the IMF, the World Bank, NATO, various people from Hollywood, every single leader of an EU country, and we've still got a month to go! |
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This subject could be very controversial, because if some exchange make an announcement about a hack, it may scare a lot of people thus leading to its failure. I can say (in some way) that I see nothing wrong If they are indeed hacked and then quietly solved the problem, without going public.
Do they have any venture capital backing them? If they do, they are safe, because that money acts like a cushion if they are hacked. I googled but I couldn't find anything. There are several ways to manage the risk of hacking if you are an exchange. Get insurance (lots of traditional banks get bespoke insurance against hacking from the Lloyds insurance market in the City of London - I'm surprised bitcoin exchanges haven't approached the underwriters there - they do all sorts of unusual insurance and would probably take on the risk for a fee). The second way is to raise a lot of venture capital, and use that money to compensate customers and keep trading in the event of a hack. The third is to set aside reserves - but I couldn't find out anything about Poloniex doing that either. By contrast both Coinbase and Kraken have raised a lot of venture capital. According to the following article: http://altcointrading.weebly.com/blog/signing-up-to-a-bitcoinaltcoin-exchange-read-this-firstCoinbase raised $106 million and Kraken $5 million. |
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These are some serious accusations... Yeah. It is interesting. Poloniex was hacked back in 2014 and lost 12% of it's coins. See http://www.coindesk.com/poloniex-loses-12-3-bitcoins-latest-bitcoin-exchange-hack/But I haven't heard of any hacking since. After the original hack they raised their fees to make back the money. Fees have since gone down and they don't charge high exit fees either (which is a sign of trouble). I can't find any information about whether they have raised any start-up capital (the reason exchanges like Coinbase and Kraken are safe is because they have a large amount of venture capital as a cushion, letting them ride out problems). |
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I'm afraid I laughed when I read the title. He is undermining his case by making silly statements. I wonder what got into him - did he see polls that showed Leave ahead and panicked?
Its exactly the same situation as the Scotland vote,the vote to leave was ahead till the last hours but the people voted to stay after Cameron got out the rhetoric stick and started to scare people. Why throw away a winning strategy when it is still effective! No matter how silly it may seem people eat it up repeatedly till they dont. The tactic is to mobilize the demographic groups which are opposed to the referendum. In case of the Scottish referendum, Cameron's scaremongering successfully mobilized large groups of pensioners and the elderly, who swung the momentum towards the "better together" side. The over-65 turnout was very high on 18th Sep 2014. The interesting thing is that this time the over 65s are most in favour of Brexit and they're likely to turn out to vote. Their pensions arn't at stake, the stakes in general are lower than in the Scottish referendum. |
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https://www.cryptocoinsnews.com/bitcoin-core-threatens-hard-fork-asicboost-mining-optimization/Peter Todd, backed by Matt Corallo, has proposed hard-fork changes to the bitcoin network to make “useless” patent pending algorithmic improvements which give mining an Asicboost of 20%, leading to increased profits of some $30 million if used by one of the biggest mining pools.
...Sergio Demian Lerner, a renown bitcoin security expert who collaborated with Timo Hanke in creating Asicboost, argued that changing the protocol would send a strong message to the ecosystem that any ASIC optimization should be kept secret and further stated that if the patent license is non-exclusive then all can use the optimization.
Timo Hanke stated that there was no way to know who was currently using the optimization as manufacturers do not reveal such information. Therefore, the proposed hardfork guarantees “two co-existing bitcoin blockchains” as current asicboost hardware would have no choice, but to continue mining on the current chain as they cannot switch over to the majority chain.
The above proposal has caused some controversy for indicating a central planner mind-set as well as a seemingly openness to hardforking after a year of vigorously arguing against it
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well... seeing as there is no actual physical "coin" .. here is what id suggest as alternative names that would be more mainstream (like 'cloud' is used instead of 'remote hosting')
eDesa = electronic decentralized pesa (like the epesa, the african community common currency.. but decentralised)
oledge = open ledger
ellipts = elliptic curve based currency
ursat = your satoshi's
other things that need to be changed is the "wallet file" should be called something like a "key ring" seeing as it is more like a place to store keys instead of actual funds..
so lets see if anyone else can be more creative and try thinking of names that dont use the words wallet or coin.. because those terms are actually more confusing when you look at the reality of how bitcoin works
Yeah, but, the public really likes the word "coin". It conjures up old fashioned gold coins that hold their worth. If you want to give people the impression that this is something that holds it's value, "coin" has to be in the name. "Ledgers" and "electronic" don't conjure up the idea of stores of value. |
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Remember that it is easy for these users to set up alternative accounts on bitcointalk under a different name and sell the coins. You need to alert all the exchanges with the addresses you think the coins have been sent to - if the thief sells them over-the-counter, and the buyer then tries to sell on an exchange, the exchange should be able to freeze them just by tracking the movement in the blockchain.
Good luck with retrieving them.
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It depends on where you are located. If you are in Europe, use Kraken. If you are in the US use Coinbase - but if you are in New York the only exchange you can legally use is Bitstamp because they're the only ones who have a bitcoin licence from that state.
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Eurovision has always been a lighthearted way for countries to fuck each other over. It beats a land invasion any day of the week. In fact perhaps it should replace all warfare globally.
This. You can also see where migrant workers are, because they vote from the country they are working in, for their home country. That can be the only explanation for why the UK gave so many votes to Lithuania for example - I think about a quarter of the Lithuanian population is actually working in Britain! |
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It's blatantly obvious Eth is and has been wash traded by a single entity on Poloniex for literally months now. Their fee structure is setup where someone pushing that volume would have 0.10% taker fees and 0.0% maker fees, so 0.05% if wash traded.
On a slow Eth day of 20,000 BTC volume, that would be 100 BTC per day in wash trade fees. Does anyone honestly believe the Poloniex Eth manipulators pay that much? Hell no.
Why is Poloniex doing backroom deals with market manipulators to artificially pump coins to defraud investors? It's different if some random guy like Wolong decides to pump a random shit coin, but when the exchange itself is involved in the scheme (like Bittrex has been accused of with Bobsurplus), it's pretty questionable.
Why do you assume that there is one person doing all the trades on Ether? More likely there are lots of smaller traders, who are trading on margin, which is why you see such a huge volume. Ether's volume on Kraken and other places is pretty big too. When that Mike Hearn thing happened, lots of bitcoin traders switched to Ether - ETH got lucky in that their coin was being promoted at the same time. If the Hearn thing had happened two years earlier, the rush of money fleeing bitcoin would have gone into Doge. If you look at the btc/usd charts and the ETH/USD charts, they are negatively correlated. This is being caused by bitcoin traders finding something new and more profitable to trade. |
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The moral of the story is that if someone is selling you coins for a "good price" it is likely to have been stolen.
When you buy from individuals on Bitcointalk, the price should normally be higher than on the exchanges, because they are taking a risk dealing with a stranger. If it is lower, something is wrong.
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https://www.cryptocoinsnews.com/bitcoin-mining-developer-spondoolies-shuts/Israeli bitcoin mining equipment developer Spondoolies-Tech, a prominent bitcoin hardware manufacturer in recent years has, in a surprising announcement, revealed that it has shut down operations this month.
...According to a report from Finance Magnates , seven employees from Spondoolies requested an Israeli court to dissolve the company after being notified that the company could no longer afford to retain them, whilst denying their last salary settlement. Spondoolies suffered from a lack of creditors, despite the recent investment by BTCS which wasn’t enough.
The employees also sought the court to appoint a temporary liquidator in the hopes of finding a new investor or, alternatively, an acquisition of the firm or parts of it.
The reason cited in the report for the change of fortunes for the bitcoin mining hardware firm is competition with China-based bitcoin hardware developers, ultimately proving to be a curtain call for Spondoolies-Tech.
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I wouldn't fret. The new Muslim mayor voted in favour of gay marriage and his white opponent voted against it, and Londoners went for the more liberal man!  lol He is open minded far from the radical one in Middle east and some parts of Asia.He goes beyond the principles /teaching of his religion. Just to get votes? or... He might have voted in favor of gay marriage. But he has not done anything to prevent homophobic attacks in the Muslim-dominated areas of London. He's only been mayor for about a week! Until he got sworn in the job of overseeing London was the responsibility of Boris Johnson. |
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Get ready for the big dump. Cheap coins are on its way. I wish i knew which exchange will the hackers use to dump their coins. If this happened is Hong-Kong, then it is most likely will be Huobi. (just guessing) They will have contacted all the other exchanges with details of which addresses are being used. Most exchanges are keen to co-operate and freeze stolen coins, because they might need similar help in the future. If they can co-operate to the extent where thieves struggle to sell the coins they stole, perhaps they'll stop targeting exchanges... |
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Yobit net is ofcourse the best signature campaign for a Jr member. but you must have to be a good and constructive posters.
They are not accepting Jr Members any more. See the announcement at the end of their signature thread. |
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http://www.financemagnates.com/cryptocurrency/exchange/gatecoin-lost-2m-worth-bitcoin-ethereum-hot-wallet-cyber-hack/The latest victim to suffer from cyber crime is the Hong Kong regulated financial institution for blockchain assets, Gatecoin. On Saturday, the founder and CEO of the firm Aurelien Menant published a statement to investors confirming a breach of Gatecoin’s system resulting in a loss of client deposits.
Menant writes: “On Friday night HKT, May 13, we detected some suspicious transactions and immediately suspended our services to investigate, and to prevent any more unauthorized access to the ETH and BTC hot wallets.
We have previously communicated the fact that most clients’ crypto-asset funds are stored in multi-signature cold wallets. However, the malicious external party involved in this breach, managed to alter our system so that ETH and BTC deposit transfers by-passed the multi-sig cold storage and went directly to the hot wallet during the breach period. This means that losses of ETH funds exceed the 5% limit that we imposed on our hot wallets.
In total, the hot wallet breach resulted in the loss of ETH 185,000 and BTC 250, which is equivalent to USD 2 million. This represents 15% of total crypto-asset deposits held by Gatecoin.”
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Forex is not meant for beginners who dream to earn easy money. Forex should be considered as a full-time real job. If you are a beginner, I would advise you 2 things:
1-Walk away, never look back.
2-If you didn't follow step1, read as much as you can. Read how people fucked up their lives with forex. Then decide.
This. Most people lose on forex because they have to use margin to get any profit (the spreads are so small), and there is always a trade that goes wrong and wipes them out. You are better off just buying BTC and hodling, at least borrowed money is not at stake. |
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It is just resting. It is still in the top ten on coingecko: https://www.coingecko.com/enIt is fairly stable in that I dont think it will crash to nothing, it just seems to chugg along. |
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