Coinbase’s new asset listing process will geo-restrict some coins
Coinbase now accepting applicationsCoinbase is moving away from its predominantly US-centric approach with a new cryptocurrency listing process. As a result, some new digital assets won’t be available to customers based in the US due to stricter regulations. The popular cryptocurrency exchange announced today that it will be assessing coins based on their compliance with local laws. Oh, and if you thought you can use a VPN or some other computer trickery to get around these restrictions, you’ll be unsuccessful. Coinbase makes coins available to users based on where accounts are registered. Coins must satisfy Coinbase’s new seven step process to be listed on the exchange. Up until now, Coinbase used to seek out cryptocurrencies to list on its exchange. However, with the revised approach will allow token issuers to approach Coinbase and apply for listing themselves. Currently, Coinbase seeks out cryptocurrencies to list on its exchange. However, this new process will allow coins to approach Coinbase and apply for listing. > Up until now, Coinbase used to seek out cryptocurrencies to list on its exchange. However, with the revised approach will allow token issuers to approach Coinbase and apply for listing themselves. For the record, the San Francisco-based exchange has long been teasing the arrival of a bunch of coins to its platform. Back in March, the company revealed it’s looking to expand its offering with more Ethereum-based (ERC20) tokens. More recently, Coinbase revealed plans to add 37 new assets to its Custody platform.
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https://thenextweb.com/hardfork/2018/09/25/monero-burning-vulnerability/Monero developers have disclosed a major bug that could really have been nasty. Until now, attackers could have drained Monero from exchanges (or any organizational wallet), all for the cost of a few transaction fees. “A bug in the wallet software allowed a determined attacker to cause significant damage to organizations present in the Monero ecosystem with minimal cost,” declares the official statement. “[…] A determined attacker could burn the funds of an organization’s wallet whilst merely losing network transaction fees.” Without getting too technical – the Monero blockchain can actually “burn” XMR under certain circumstances, as can Bitcoin and Ethereum. In Monero’s case, the blockchain assumes transactions between identical stealth addresses to be illegitimate transactions, and “burns” one of the them, allowing just a single “correct” transaction through. Monero’s blockchain doesn’t remove or replace burned XMR – it just makes it unusable. The Monero community has known about burning when transactions occur between identical stealth addresses for a while – but security researchers have only just discovered that it allows hackers to siphon XMR directly from external wallets. The disclosure steps through this process. After modifying a Monero wallet to make transactions using the same stealth address as the target wallet, “[attackers] send, say, a thousand transactions of one XMR to an exchange.” “Because the exchange’s wallet does not warn for this particular abnormality (i.e. funds being received on the same stealth address), the exchange will, as usual, credit the attacker with 1,000 XMR,” a Monero dev explains. “The attacker then sells his XMR for BTC and lastly withdraws this BTC. The result of the hacker’s action(s) is that the exchange is left with 999 unspendable / burnt outputs of 1 XMR.” Developers created a private fix to distribute (in secret) to major exchanges and merchants so as not to draw any attention during the patching process. Monero devs note that it appears no losses were incurred due to the bug. The statement ends with a stern warning: “This event is again an effective reminder that cryptocurrency and the corresponding software are still in its infancy and thus quite prone to (critical) bugs.” I think that last sentence is the most important of all. We are still in the beginning of a great change. Many bugs will occur. It is important to support projects that have the most developers who are passionate about the possibilities offered by cryptocurrencies. Supporting projects that exist just as a money grab or as a copy and past can leave you with nothing on a 0-day. I'm looking at you Electroneum.  |
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The latest fiasco with 0.16.3 has got me thinking.
Please avoid spreading FUD on such a complicated subject. 0.16.3 was not a fiasco. Talking like this may cause people to waste time researching a possible new problem, which until today does not exist. 0.16.3 was a bug fix. The failure lasted from 0.14.0 to 0.16.2. And it has never been exploited. |
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Go to the patrol page. Scroll the page as fast as you can until you find a post that has more than 5 lines. Open the profile of who posted, see if the last 5 posts were larger than 3 lines with a valid and original content. Copy and paste in google to check if it is not a copy and past. If all is correct and it seems that this newbie will help the forum, give him 10 merits. |
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My technical knowledge of the code is very limited. I am not able to see flaws in a project just by reading the code. As my background is in business, I approach the analysis of the project as if it were a company.
The first thing I notice is who is responsible for each area. For example, what fascinated me about the Cardano project was that it was being handled by people who had already participated in various projects related to Bitcoin.
The second part is to note if there are sources of funding, whether the project is totally unselfish or whether there is a possibility of being just a get rich fast. I did not trust Bitcoin Gold because I understood that it was a project where the founders did not make clear their sources of funding. Pretending that they had not preminerated a great value.
Another important point to note is protocol security. I do not trust a project like Nano because I understand that there is a great possibility of failure and because they have a high spending on marketing.
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For Legendary we know already > Amph = 28889 posts but guess what, he got only 1 merit  Interesting that for 28889 posts he only earned 1 merit. I was going through his posts and he is definitely no shit-poster. His posts are generally reasonably good but just really short so don't attract merit. Some people spend most of their time just in the miners' sections. And end up posting more on some of the mega topics related to pools and equipment. And these users end up being unfamiliar with the rest of the forum. They are more interested in altcoins that are mining. Not so much in Bitcoins. Not writing shitposts is not enough to earn merit. It is necessary to go to the sections where there is abundance in the distribution of the merits, like the Meta section. |
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I find it unbelievable how some people have great difficulty understanding that the world is bigger than the bubble they live in. The cost is this for a certain location, for others it is much smaller. Many times electricity costs are 10% of this value in China.
This is advantage of being a decentralized and universal asset.
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We all know at the moment bitcoin is not a legal currency in the world and it has many political barriers but still it continues to grow for years among general public and the business world so my concern is how far it can go or how far governments and other significant organizations will allow bitcoin to continue its journey without being accepted as a legit currency?
You can State what do you think because your bitcoin investment depends on that
Bitcoin is a legal currency in the majority of the countries around the world. I think what you mean by your post is really that bitcoin is not the recognised legal tender currency per se of any country worldwide, nor is it officially endorsed in the overwhelming majority of countries. But still, most governments at the moment take a neutral stance of bitcoin and regulate some businesses, without directly restricting the access of it. I'd say that there is no problem with bitcoin not being legal tender in the long run because it's independent from fiat in the first place, that's what it's designed for. I honestly don't think it'll affect adoption whatsoever. The only concern would be if governments outright ban bitcoin use in their jurisdiction, but even then, these restrictions are hard to uphold because bitcoin itself is decentralised. This is the great difficulties that many have about Bitcoin. Nowhere in the world is it totally forbidden, meaning no one will ever be arrested for buying or selling Bitcoin today. What Bitcoin is lacking in many countries is regulation and understanding of what it is before regulatory organizations. This hampers the entire ecosystem related to Cryptocurrencies since many companies and exchanges often have no license to operate. |
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Eu to meio sem saber o que fazer. Estava lendo o tópico no Hackernews, teoricamente existi uma possibilidade de inflação, não é? Ainda falta ao menos 2/3 de nodes com a versão antiga. É pra ficar calmo? Não sei se alguém aqui assistiu o documentario "the corporation". Mas tem uma parte onde um trader comenta sobre a trajédia do WTC. Ele fala que ficou chocado e 2 minutos depois lembrou que tinha muito ouro armazenado no prédio, pegou o telefone e comprou ouro. Tipo.., short 100x bitmex? |
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There was actually more to the bug than just a DoS vulnerability. It allowed for inflation. Users MUST upgrade now. Full disclosure is available here: https://bitcoincore.org/en/2018/09/20/notice/The reason this has been disclosed after such a short notice is because someone has independently discovered these vulnerabilities and posted about them publicly on Hacker News. This ? There appears to be a workaround to bypass the assert check in Bitcoin Core 0.16 that allows one to mint new coins by using an input multiple times and it be accepted by the network without crashing. Probably will be waiting until the dust settles on this before publishing that test case though, since it's clearly much more severe than a DoS |
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https://www.sec.gov/rules/sro/cboebzx/2018/34-84231.pdfAs of September 19, 2018, the Commission has received more than 1,400 comment letters on the proposed rule change Interested persons are invited to submit written data, views, and arguments regarding whether the proposal should be approved or disapproved by [insert date 21 days from publication in the Federal Register]. Any person who wishes to file a rebuttal to any other person’s submission must file that rebuttal by [insert date 35 days from publication in the Federal Register]. Comments may be submitted by any of the following methods: Electronic comments: Use the Commission’s Internet comment form ( http://www.sec.gov/rules/sro.shtml); or Send an e-mail to rule-comments@sec.gov. Please include File Number SR-CboeBZX2018-040 on the subject line.
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People currently use dollar to do terrible things. Who's blaming the dollar for that? This type of questioning does not make sense. But yes, Bitcoin has as a great use case its use in Dark Web as a means of payment. This only demonstrates that it is possible to replace credit cards and cash with Bitcoin. Many here, myself included, met Bitcoin through articles telling the story of Silk Road. |
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a - vit05 Tks  |
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How the hell do they let so many more funds in their Hot Wallet than in their cold wallet? It makes no sense. And how did the Hacker ( probably was “The hacker known as 4 Chan”) access so many different wallets? Very poorly explained. Thankfully they managed to quickly find an investor. It seems that the market will not be impacted by this.
But it gets clearer and clearer that better security conditions should be the main concern of any exchange.
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Oh boy. This is fantastic. Someone probably has lost a lot of money in this trap.  |
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 What do you think about? It is clear that there is a great opportunity there. But I do not know exactly what is going on. It will crash to 5600 or go up to 7100? |
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What doesn't make sense to me is if usdt is never been bought directly with usd then where does the usd come from to back up each usdt?
Exchanges buy Tether directly using USD. They must send USD to the Tether bank account and receive Tether in return. As I said, it is a product for companies, not for consumers. I do not want to defend this product because I find it very bad and insecure. Moreover, I believe in the great possibility of it being enormously used for money laundering and tax evasion. But what needs to always be clear is that it is not a stable coin for the consumer. It is only a guarantee for exchanges. A more practical way of managing a business and getting away from taxation and enforcement. It is quite common for banks and governments to freeze exchange accounts and companies that work with cryptocurrencies. In this case, the Tether appears as a facilitator to escape this. |
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The usefulness of Tether is to give liquidity to the exchanges, not to the consumer. Bitmex has a recent study on their cash and everything leads one to believe that they have the reserves they claim to own. This is a guarantee for the exchanges that use this product. There are no guarantees for the consumer. Or how to directly withdraw this resource in your local currency. it would depend on each exchange accepting this conversion. But of course there are several opinions on the possibilities of Tether have been used to manipulate the volume and that is why several alternatives have appeared in recent months. https://blog.bitmex.com/tether/Conclusion
History has shown that centralised systems with certain characteristics (censorship resistance or anonymous transactions) tend to get shut down by the authorities. Tether shares some of the same characteristics as these extinguished services so it may also attract criminals and ultimately suffer the same fate.
In our view, Tether has two choices:
Reform the system to include KYC/AML procedures that allow the operator to easily block transactions or freeze funds. In order to do this, Tether may need to fundamentally change its technological architecture and perhaps leave the public blockchains. Essentially, Tether would just be turning into a traditional (or full-reserve) bank.
Continue as is and risk being be shut down by the authorities at some point.
If Tether is shut down, there is a risk that some users may lose access to their funds, perhaps temporarily. We do not recommend holding Tether for the long term, but not for the reasons some of the sceptics typically pronounce. We think that criminal usage of Tether is likely to be relatively low because of the use of Tether for financial speculation, which is probably the system’s dominant use case. Furthermore, we have not found any evidence of criminals using Tether to launder funds. As it stands, we think an imminent shutdown is unlikely.
The case studies above illustrate the two angles to censorship resistance (individual transactions and the system as a whole) and what distributed crypto tokens need to achieve in order to be sustainable in the long run. If a payment system cannot block transactions, doesn’t require permission for use, or offers anonymous use, it will probably eventually be shut down. This could be just as true for systems like Tether and Ripple as it was for Liberty Reserve, E-gold, and DigiCash. A potential way around this is to try to build a distributed system that cannot be shut down (i.e., censorship resistance for the system as a whole). Whether Bitcoin or other proof-of-work-based systems can achieve this is still unproven, in our view. |
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Most of the time regulation is a way to handle the natural conflict that exists. A coercive force can easily manipulate the lives of millions to favor some of its closest friends. This is what most governments do. We recently had the case of the President of Venezuela Maduro having dinner at one of the most expensive steak houses in the world. And meanwhile, his population starves in the streets of Caracas. Governments manipulate much more than any market participant. Of course, in cryptocurrencies, there is a lot of manipulation. But participating in this market is your option. And what happens is a daily dispute, often between equals. The market allows you to make as much profit from the price as it is from a drop. And the fruit of this is the market price. This is math. We need to find solutions to reduce the power of the big exchanges and their volume fakes. But it is not the government alone that will fix this. Decentralization and power to the individual are positive aspects of this new emerging economy. Nicolás Maduro: Fury over Venezuela leader's Salt Bae 'feast'Maduro eating  Population suffering because there is not enought food.  |
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