Gox is crashing the bitcoin price again! Why not just delete their wallet from the blockchain? Or create a forked new bitcoin without them in it?
If a fork can be made to "delete" the MtGox coins, a fork can be made to delete your wallet too. You have no idea what you are asking for. Also - the number of coins sold (about 30,000) are roughly what are newly minted per month anyway. I don't think MtGox crashed the price. What happened is that it went up so fast in December that lots of people independently made the decision to take profits. I know I sold some of my coins for that reason.
|
|
|
Partnership with Keybase announced: https://www.stellar.org/blog/keybase-and-stellar-partnership/We’re very pleased to announce that Stellar is working with Keybase through a special instance of SDF’s partnership grant program. Keybase has created a general set of cryptographically secure tools (chat, file storage, git) and we encourage you to check them out.
We’re most interested in their ground-breaking effort to link strong cryptography to real-world identity. We see a future where, say, I can send my friend 100XLM, and, via Keybase, I can send it to her by knowing only her Twitter or Reddit handle. I won’t need some long string of digits as a key, just a human-readable username that I already know. In short, I can interact with her financially in the same way I interact with her socially. The end product would be like a global, decentralized Venmo, where you can send around every asset under the sun, not just your local currency—that’s where money is heading, and we want to get Stellar started along the path.
Our financial contribution to Keybase will be a mix of the piteously over-centralized U.S. dollar, whose value, if you can believe it, depends entirely on the whim of a few government officials, and then also XLM.
|
|
|
Hi Crypto Enthusiasts I have been observing this behavior from quit long 1) Big whales or Holders wait for some FUD news . As soon as they receive start to sell their Holdings 2) Small investors and Newbs get Panic they also start to sell . 3) Market crashes then these whales Fix the lowest target . Start to Reinvest the Money 4) Again people will see the raise start to invest some will leave by facing huge loss .
Here Whales are making big strategy . Please spread news among community so that we can atleast try to stop this crypto Corruption I am seeing again normal people loosing their monwy.
but this happens in every free market.... Gold, Oil, Forex, Stocks..... Part of the problem in crypto is that we have so many exchanges. So on a particular exchange it might be easy to crash through all the buy orders and the arbitrage bots then take the price down on the other exchanges. It's harder to do for stocks as they tend to be listed on a single exchange and you therefore need much much more money to crash through all the orders.
|
|
|
Bear markets can last a long time. The last time bitcoin had a bear market it took three years to recover the previous high. The bear doesn't turn till the last bull has capitulated. The fact that so many people still expect bitcoin to go back to $15k in a few months means that capitulation hasn't yet happened.
|
|
|
I think you miss the point a bit. Mining is not the cause of climate change but a system that requires as much energy as a small country despite being shunned big big business has no future. Imagine how much energy would be required if a PoW system was implemented as a global transaction system supported by banks. That is why PoT or PoS is the way of the future.
There are countries in the world like Iceland that have enormous amounts of renewable energy but no manufacturing industry. Bitcoin is perfect for them as it uses what would otherwise have been wasted.
|
|
|
The Japanese economy has experienced decades of stagnation, faced with a huge public debt and the problem of reducing the population and the tax base. Therefore, now Japan hopes to benefit from the crypto-currency market.
Japan's population is dropping (it has been falling since 2014). GDP per capita is actually rising, which means they're getting richer. I personally think they decided to legalise bitcoin when China banned it - they saw an opportunity to take the lead and leave their old rival behind.
|
|
|
the money is not from Binance... they dumped BTC, and pumped VIA, and make money from other exchanges!
I just checked on Coinmarketcap: https://coinmarketcap.com/currencies/viacoin/#marketsVia is down by 23% - but it is possible that the hackers arranged to sell Via on Bittrex while the Binance pump was going on
|
|
|
Now I take it we can conclude that the weight is gone and that we should be heading towards 20k right about now? I have been watching Bitcoin slowly take over market share the last couple of weeks and it is akin to what happened prior to 2017 was up. Don't know if Bitcoin and alts will make a run, but it sure does look this way right now. Nope - he still has another 160,000 coins to sell. He's only sold a fraction so far. If he keeps dumping them on exchanges, the price might go to $1000.
|
|
|
Apparently the M5S which may well form the new Italian government is crypto friendly. Do you guys know more on Italy and its views on crypto currency? What about taxes there?
M5S is also anti-euro. But I don't think they'll form the govt, as most other parties don't want to work with them. As for regulations, the previous govt was proposing to get all crypto businesses to register with the govt and provide info on large transactions etc: https://www.coindesk.com/italian-crypto-businesses-to-register-under-proposed-new-rules/Whether that goes ahead is anyone's guess.
|
|
|
All Warren Buffett's knowledge and skills relate only to the use of Fiat. He has great political connections and resources. He can have information before others and it helps him to earn millions. With cryptocurrencies, everything is much more complicated. Therefore, his opinion and various technical analyses have no prospects. It doesn't mean anything to me.
His political connections are his biggest asset. When the 2008 crash happened, the US govt asked him to invest in several banks to stabalise them - he got in at rock bottom prices, with the US govt guaranteeing that the banks would not go bust. Your average investor doesn't get offered opportunities like that.
|
|
|
Some more detail on this story: https://www.ft.com/content/24f818e8-2276-11e8-9a70-08f715791301At Nagoya-based Bitstation, a company official “misappropriated user cryptocurrencies for private use”, said the FSA. It ordered Bitstation to halt its business until April 7 and report on improvements to its handling of user funds.
At FSHO, based in Yokohama, the regulator said staff were inadequately trained and did not follow internal procedures. “There were repeated cases of high-value cryptocurrency trades with no judgment made about the need for notification of a suspicious transaction,” said the regulator.
FSHO was also ordered to suspend trading until April 7 and make the necessary notifications of suspicious transactions.
|
|
|
We are indeed the tough times of trading or investment in cryptocurrency. After the ATH of Bitcoin last year, we are now at the stalemate at 10K USD mark for almost 2 weeks and no sign of going up. I was thinking to hold for as long as I can since I believe in crypto.
If you’re at the losing position what is the best thing to do?
Don't watch the prices constantly, you'll drive yourself mad. You can also lend your coins out on Poloniex which should help you increase your stash of bitcoin. Over time you should make enough to ensure yiu don't have a losing position anymore.
|
|
|
One of the world's largest financial institutionsadmitted in its annual report that cryptocurrency is a looming threat to its business model. According to a report filed with the SEC by Bank of America, "Clients may choose to conduct business with other market participants who engage in business or offer products in areas we deem speculative or risky, such as cryptocurrencies. Increased competition may negatively affect our earnings by creating pressure to lower prices or credit standards on our products and services requiring additional investment to improve the quality and delivery of our technology and/or reducing our market share, or affecting the willingness of clients to do business with us."
They are being realistic - good for them. It's better than JP Morgan's approach which is to pretend cryptocurrency will collapse and go away.
|
|
|
After MtGox Bitcoin dropped, then dropped more, and more ... people said back then the Bitcoin will never reach 1200$ again. Well, it did and even surpassed 19000$.
Took ages to recover though, didn't it? The MtGox collapse happened in 2014. The price didn't bottom out till the end of 2015 at $170. And then it was a slow painful climb back up in 2016. So if you bought just before the MtGox crash, you had to wait three years to see the same price. At that rate we will have to wait till 2021 to see $20,000 again.
|
|
|
We now know more about which exchanges are affected. According to the following thread: https://www.reddit.com/r/BitcoinMarkets/comments/82wtky/japan_punishes_seven_cryptocurrency_exchanges/Japan punished seven cryptocurrency exchanges, ordering two of them to suspend business, in an effort to shore up consumer protection after a $530 million theft of digital money from Tokyo-based Coincheck Inc earlier this year.
The exchanges included Coincheck, served with its second such notice since it was targeted in the late-January heist, and GMO Coin, run by GMO Internet Inc (9449.T). Bit Station and FSHO were ordered to halt operations for a month.
|
|
|
Have just discovered the following site: https://www.cryptohome.us/It's just a real estate listings site, but every listing accepts payment in bitcoin. If you click on "inventory" and scroll down, there are some really nice Florida homes listed for several million dollars...
|
|
|
Has Binance been stolen? It's really terrible!
How can such a large exchange be compromised by hackers?
All exchanges can be hacked. Binance now says they have sorted the problem out and everyone's balances are correct (and users on reddit are confirming that everything is fine). But this kind of thing will happen again. Don't keep coins on exchanges. Do your trades and then withdraw to your own wallets.
|
|
|
|