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rocha85osman-blog · 6 years ago

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Stratis Core wallet

The Stratis Main wallet is an on the net finances which allows you to send in addition to get STRAT coins. It indicates anyone can pay for things and services employing STRAT as well as getting installments in STRAT. well known Often the Stratis Core pocket can be an on the web wallet which in turn allows you to definitely send together with acquire STRAT coins. This kind of means you can spend on goods and services making use of STRAT in addition to receiving bills in STRAT. The Stratis blockchain works with a Proof associated with Stake (PoS) modus operandi to help confirm transactions, so masters of STRAT can certainly choose to stake their STRAT. Once Stratis Core Wallet Windows are staking STRAT, you can compose blocks towards the blockchain plus earn STRAT doing that. Importantly, the Stratis Central wallet is dual purpose; this enables you to share your own STRAT in addition to making purchases. Staking helps you improve typically the blockchain network on which the STRAT coins are kept. A full duplicate of the Stratis blockchain is held on every product the Stratis Key finances is running on, and so the budget is effectively sitting on top regarding a Stratis Full Client. When the 100 % Client detects STRAT gold and silver coins own been secured, it definitely mines and thus contributing to the general power and sturdiness on the network. Because actually little stakes have the possibility to mine, staking democratizes the mining process whenever compared with Proof of Job solutions. To have any chance of earning returns via mining on the mature Proof of Work blockchain, substantial expense on equipment and energy is expected. The Stratis workforce likewise developed one of the particular most modern wallets of which is present for the Stratis assignment. The Stratis staking wallet allows an individual can to �lock up� their STRAT tokens to risk them upon the network. This specific finances was developed and published to incorporate the PoS (proof-of-stake) algorithm in this cryptocurrency to gain allocated general opinion. No matter in the event that you have 100 STRAT, 10 STRAT, as well as even 1 STRAT, you can certainly start staking today using just the lowest equilibrium of having 1 STRAT in the Stratis staking wallet. Locking up these tokens allows the system to give out rewards intended for block out generation when this is your turn to develop some sort of new wedge. This specific helps secure the system and is a element of the proof-of-stake approach where nodes would not demand hashing power to generate blocks, instead users can �stake� their tokens. Typically the Stratis staking wallet is incredibly easy to setup in order to start staking right away and the steps to be able to get started staking can become found here. Great learning resource to follow with whole lot more pictures (for the aesthetic learners) can be located here. Stratis is probably the initial of a range involving blockchain development platforms. It was initially as program by which coders could easily produce their private blockchain. Stratis wanted their platform to be the top blockchain-as-a-service (BaaS) tailored to be used by means of establishments. However, considering that filling, Sratis has increased the particular opportunity of their assignment. They need to build out a new larger blockchain enhancement circle that will handle this likes of NEO and Ethereum.

Stratis Wallet Core in fact fight in this really competitive place and give an desirable replacement for these blockchains? In this Stratis review, we will attempt to reply that query by way of taking a deep-dive on the project. We are going to search at the technologies, team members together with distinctive benefits of its blockchain. All of us will also review often the STRAT token and whether or not you should take into account the idea. Shall we jump in. Just what is Stratis? Stratis begun as a project that will wanted to assist organization strategies with a good BaaS design. However, as typically the demand for creator ecosystems has grown, so too hold the ambitions of Stratis. They are now trying to create their own builder blockchain. There are many various other tasks that are trying to do this however the main difference involving them in addition to Stratis will be that it is applying C# for Microsoft�s. WEB construction as the coding language of its blockchain. Stratis Core wallet has one particular advantage above Stratis for the reason that it was the first smart commitment network, having said that its use of the Solidity programming language may be its weakness. Stratis runs on the far more familiar development dialect and can accomplish the same blockchain architecture and contain sidechains since well. Stratis is undoubtedly getting on Ethereum, releasing C# smart contracts while an alpha in May, followed by simply alpha sidechain support in June. This particular brings Stratis on equal footing with leading smart contract blockchains. In fact, for many firms Stratis is going to be the preferred option since blockchain knowledge isnt all that common on the more mature, more conventional tech companies. All these old tech companies get armies of programmers informed about C# and the. NET system and are most possible to pass over developing a blockchain together with Solidity if they can work with the more often familiar C#. Stratis gives this familiar development terminology, and the capacity to use even so features to create a feature-laden blockchain with the ability to include sidechains together with smart contracts. This will certainly make it possible for the old-guard technician companies to easily build up their own blockchain treatments on the Stratis main chain, keeping their personal jobs separated and secure on sidechains. There�s certainly promise, nevertheless it will acquire time to realize often the vision of Stratis. Let�s take a deeper appearance into the venture and even its related STRAT tableau that powers the circle. Understanding Stratis Stratis is designed as its own blockchain that will also offers a new suite of progress resources in C# that will help companies to use the safety of the blockchain to make their own chains. This helps you to save resources for often the companies who seldom have to hire new blockchain developers or rewrite all their legacy software to work with a brand new system. From Stratis Core Wallet Windows can be an updated, enterprise pleasant version of Bitcoin. It may be more scalable, it�s speedier, and it moves away from from the source greedy Proof-of-Work mining of Bitcoin. Then it adds often the Stratis platform that makes it possible for sidechains, smart contracts and the improvement of decentralized apps. Stratis differs by other blockchain projects by using the C# encoding dialect. With over six million C# designers the idea should mesh easily with the present systems associated with traditional technical companies over the entire world. There are created a good suite involving tools and resources for coders to enable them for you to build their own blockchains, and it also gives the use of it has the blockchain as a mainchain to secure added sidechains. nStratis Development Platform The nStratis blockchain developmnent platform produced for businesses Additionally, it gives agency services for firms that want to utilize blockchain technology, but would not realize where or even getting started out. As an example, many people might guide a fintech company, showing them precisely how blockchain technologies can come to be used to verify cash are being delivered to typically the correct people, to track deals, and to validate buyer identities. Stratis Team The leading operating company for Stratis is the Stratis Set Ltd which is primarily based in the city regarding Greater london. They are composed of a few pretty experienced programmers having specialties in organization program and blockchain. Stratis was founded in 2016 by the current BOSS, Chris Trew. Frank features over 10 years associated with experience in Enterprise THE IDEA. He is also the backend developer who provides built quite a few applications within C# and even ASP. NET. He started to cut his or her teeth in the blockchain environment in 2013 together with worked well as the offer within the Blitz project. Stratis Team Participants Some involving the Stratis Business friends Frank is also joined by way of Nicolas Dorier who formulated NBitcoin merely as a new studying exercise. NBitcoin will be now one of the comprehensive cross-platform bitcoin frames. He has also published a book in blockchain programming throughout C#. Nicolas has also performed some work on Bitcoin�s main project. The STRAT Expression The Stratis blockchain makes use of Proof-of-Stake (PoS) like it has the consensus algorithm, plus the STRAT token as it is indigenous token with the network. Since Stratis uses PoS it means there is no resource intense exploration needed to secure the network, nor any high-priced hardware required. It has been designed as a lower inflation cryptocurrency and owners are able to generate rewards by staking money, if they have enough to operate a new client. Operating a masternode involves staking 250, 000 STRAT, which has a benefit of $392, 500 with the $1. 57 price tag on Sept. 2010 7, 2018. That�s naturally out regarding reach for most, nonetheless there has been talk of incorporating lower rate nodes that require less money. Often the primary purpose of the STRAT token is while gas for any network, or maybe a good method to pay with regard to network transactions. Normally a person can also buy that as a risky expense, and the coin shows up on well over a new dozen programs, which include Binance, Bittrex plus HitBTC. Binance STRAT Signup from Binance and Buy STRAT Bridal party As of September 8, 2018 the STRAT lieu is #49 on Coinmarketcap. com with some sort of industry cap of $155, 347, 489. That�s at a price of $1. 57 along with a circulating supply of 99, 004, 672. Stratis hit an all-time high cost of $21. 21 upon Present cards 6, 2018. Stratis was major successful ICO�s, raising first, 000 BTC back in June/July 2016. This accomplishment brought all of them to start their individual ICO platform in Might 2018 to help others find the same accomplishment. It is surely a generous supplying, nevertheless could enter signals of trouble at the particular firm. ICO Popularity around Fall When Bitcoin flower at popularity most different cryptocurrencies had trouble to gain the audience. So , these people turned to the ICO as a way to be able to gain market acceptance, in addition to to raise funds to be able to carry on development. That�s exactly how Stratis got its start in 2016. ICOs became far more popular in 2017 if Ethereum began web hosting service as well on its blockchain, allowing for companies to bypass this long and expensive technique of creating their own blockchain. Of which year saw almost just one, 000 ICOs introduced in addition to $5. 6 billion dollars in capital raised. Stratis Wallet Core wasn�t all good announcement though because over 50 percent of those ICOs were failures. Most likely a whole lot worse was initially the roughly $1 thousand shed by investors to fake ICOs. These deficits drew the attention, and even ire, of presidency regulators. That will put an adverse light upon ICOs. Soon after major online as communities like Search engines, Facebook and even Twitter suspended ads for ICOs about their systems. ICO costs fell over the industry plus people became increasingly cautious with projects releasing new money via an ICO. Slipping ICO Demand Amount of finances raised via ICO can be declining. Source: ICO Info 2018 still spots an excellent volume of ICOs, but it as well perceives more and more projects steering clear of the negative stigma regarding ICOs. Many have gone back to the airdrop to deliver tokens, and still others are deciding to hold private product sales, providing their coins in order to venture capital firms and large net-worth individuals rather than selling it to the public. This calls directly into query the decision of Stratis to release an ICO system in Could 2018. In a few respects it seems as if the particular management team is trapped in the past. Sure 2016 has been just two brief a long time ago, but in typically the cryptocurrency entire world 2 decades is like 2 generations. Some sort of turnkey ICO option in this point would seem to soar in the particular face of the bad look at of ICOs in addition to the improving government examination. Stratis Remains a Beneficial Blockchain Even though the introduction of an ICO podium causes it to become seem since if Stratis beyond effect with the rest connected with the cryptocurrency industry, that remains a new strong and impressive blockchain project. In addition to while the value connected with often the STRAT coin features fallen throughout 2018, that�s a lot more a new feature connected with the over-all decline in cryptocurrency areas. A $1. 57 price tag now is still the more than 24, 000% gain through the $0. 007 ICO price of often the coin. That�s some sort of quite hefty return in mere over 2 many years. Stratis comes with also recently been listed in the Microsoft Azure Market, which was a major win with regard to Stratis originator and TOP DOG Chris Trew. The listing isnt always a endorsement connected with Stratis as a project, but quite because the gold coin is definitely written in C# for your. NET framework. This. NET framework was formulated by Microsoft, and mainly because of Windows organization application the. NET platform plus C# programming terminology are both embedded in just about every industry. As the designer with the. NET platform Ms provides a massive stake throughout the your survival and expansion of the construction in addition to the C# language, producing acceptance of Stratis simply by Microsoft almost a provided end result. Microsoft Azure Announcement by Stratis on Microsoft company Violet Company�s using musical legacy techniques built on C# and even. NET will get the changover to some blockchain alternative will be best together with most cost-effective when applying the Stratis solution. Nearly all of these companies currently have C# developers which might be reassigned to a blockchain work, and they�ll create rapid progress thanks in order to their familiarity with C#. Unfortunately intended for Stratis the particular blockchain galaxy evolves quite quickly. Their C# set was vaporware until May well 2018, meaning there were a number of projects that will found up to together with outdone Stratis. And the Breeze wallet, which will sounded so innovative throughout summer involving 2016, wasn�t all those things cutting edge when it was initially discharge as a good beta mainnet product in Late 2017. It�s unfortunate, nevertheless the Stratis team seems to possibly be working hard at a way sluggish pace than brand new projects, individuals from Parts of asia. The early enthusiasm more than Stratis hasn�t converted in order to early adoption. Inside truth, other than the approval into the Azure Current market, the greatest partnership so much is with Globe String, an unknown start-up that is looking to disrupt the sea food logistics business together with a blockchain solution. A single hopeful advancement is this newest joint venture using BRITISH Meds, the fastest developing online drug store in the UK, just simply announced on Sept. 2010 your five. UK Meds plans on applying the technology to enhance patient safety and to be able to improve the BRITISH Prescription drugs supply chain. Final result Startis has the differentiation creep into the first successful ICO, and even remains impressive to this time, but many say that would need to action up its game if the idea doesn�t want often the difference of first effective ICO to be the particular greatest differentiation the work ever before attains. While this has solid technologies in addition to a good strong partnership using Microsoft, it is not visiting the type of adoption the idea needs. If it can power its skills there is even so hope for growth within the blockchain industry as this offers many viable and even beneficial use-cases. The addition of the Stratis system in the Microsoft Violet industry is a major earn, and investors include to be pleased with often the 22, 000% returning given that the ICO, even when the price of the or maybe has been slipping inside 2018. Investor emotion may possibly be falling, although there are still plenty of great to become said for STRAT. The launch of an ICO program doesn�t look to be the perfect enjoy it 2018 as authorities government bodies have been using aim at ICOs, yet the good thing is Stratis comes with a few different platform developments and partnerships. Doubtless a great venture blockchain solution inside C# may not audio like scientifically advanced or even captivating as other blockchain projects, although it�s only all these nuts-and-bolts type applications that are often the nearly all practical and profitable. Around fact, the use regarding C# makes Stratis even more desirable to conventional technology companies with musical legacy techniques, since they won�t need to start from scratch to help migrate or integrate their own systems with blockchain technological innovation. The Stratis solution exhibits actual promise, but many of us have to wait around plus see if they may truly deliver.

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rasch77jackson-blog · 6 years ago

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Stratis Core wallet

The Stratis Main wallet is an on the net pocket book which allows a person to send plus obtain STRAT coins. It indicates an individual can pay for products and services applying STRAT as well as receiving obligations in STRAT. image The particular Stratis Core finances is undoubtedly an on the internet wallet which in turn allows that you send in addition to get STRAT coins. This specific means you can spend on goods and services making use of STRAT along with receiving bills in STRAT. The Stratis blockchain utilizes a Proof of Stake (PoS) algorithm to validate transactions, thus users of STRAT can determine to stake their STRAT. After you are staking STRAT, you can compose blocks on the blockchain in addition to earn STRAT doing this. Importantly, the Stratis Central wallet is sewing-embroidery; that enables you to share your current STRAT in addition to making purchases. Staking helps you improve often the blockchain network on which will your STRAT coins are organised. A full clone of the Stratis blockchain is held on every product the Stratis Central pocket is running in, therefore the budget is correctly sitting on top of a Stratis Full Node. When the 100 % Client detects STRAT cash have got been staked, it definitely mines and thus contributing to the entire power and sturdiness with the network. Because also small stakes have the chance to mine, staking democratizes this mining process whenever compared with Evidence of Get the job done solutions. To have any chance of earning advantages through mining on a good mature Proof of Work blockchain, sizeable expenditure on computer hardware and electricity is expected. The Stratis group also developed one of this most progressive wallets the fact that is out there for that Stratis project. The Stratis staking wallet allows a user to �lock up� his or her STRAT tokens to stake them about the network. That budget was developed and unveiled to incorporate the PoS (proof-of-stake) algorithm within typically the cryptocurrency to attain allocated comprehensive agreement. No matter when you have 100 STRAT, 10 STRAT, or possibly 1 STRAT, you can easily start staking today using just the bare minimum equilibrium of having 1 STRAT in the Stratis staking finances. Locking up these kind of tokens allows the circle to present out rewards to get wedge generation when the idea is your use make some sort of new wedge. This particular helps secure the system and is a portion of the proof-of-stake process where nodes seldom demand hashing power to generate blocks, instead users can easily �stake� their tokens. This Stratis staking wallet is really easy to setup for you to start staking right away from you and the steps in order to commence staking can be found here. Another good learning resource to follow with additional photographs (for the vision learners) can be observed here. Stratis is probably the original of a range involving blockchain development platforms. That was initially as platform wherein programmers could easily produce their own private blockchain. Stratis needed their platform to help be the top blockchain-as-a-service (BaaS) tailored utilize by organizations. However, due to the fact launching, Sratis has increased the particular extent of their project. They need to build out a new larger blockchain progress circle that will carry out typically the likes of NEO and Ethereum. Can Stratis truly be competitive in this extremely competitive space and present an eye-catching replacement for all these blockchains? In this Stratis review, we will attempt to respond to that issue by simply getting a deep-dive on the project. You will glimpse at the technology, team members plus exclusive positive aspects of its blockchain. All of us will also analyse the STRAT token and no matter if you should take into account it. We need to jump in. Exactly what is Stratis? Stratis begun as a project of which wanted to assist venture strategies with a BaaS type. However, as the particular demand for builder ecosystems has grown, so also possess the ambitions of Stratis. They are now trying to construct their own developer blockchain. There are many various other assignments that are trying to do this nevertheless the main difference involving them together with Stratis can be that it is using C# for Microsoft�s. NET construction as the developing language from the blockchain. Ethereum has one advantage around Stratis because it seemed to be the first smart deal network, having said that its technique Solidity programming language may be its weakness. Stratis works with a far more familiar encoding language and can achieve the same blockchain structure and contain sidechains while well. Stratis is certainly earning on Ethereum, starting C# smart contracts because an leader in Could, followed by means of first sidechain support in June. That brings Stratis on equal footing with leading smart agreement blockchains. In fact, intended for many companies Stratis will be the preferred remedy since blockchain knowledge isn�t all that common in the elderly, more classic tech companies. These elderly tech companies get armies of programmers informed about C# and the. NET platform and are most likely to pass above developing a blockchain together with Solidity if they can apply the more often familiar C#. Stratis delivers this familiar programming dialect, and the potential to use however characteristics to create a feature-rich blockchain with the potential to include sidechains plus smart contracts. This will certainly make it possible for the old-guard tech corporations to easily create their own blockchain alternatives on the Stratis main chain, keeping their personal jobs separated and safe on sidechains. There�s certainly promise, however it will consider time to realize often the vision of Stratis. Time to take a deeper glimpse into the task plus its related STRAT or maybe that powers the system. Understanding Stratis Stratis is designed as its own blockchain that will also offers some sort of suite of progress equipment in C# the fact that permit companies to use the safety of their blockchain to construct their own chains. That preserves resources for the particular companies who seldom have to have to hire new blockchain programmers or rewrite all their legacy software to do the job with the latest podium. On its core Stratis is usually an updated, business helpful version of Bitcoin. It is more scalable, it�s more quickly, and it moves away from from the learning resource greedy Proof-of-Work mining involving Bitcoin. Then it adds typically the Stratis platform that allows sidechains, smart contracts in addition to the addition of decentralized apps. Stratis deviates coming from other blockchain plans simply by using the C# coding words. With over a few million C# designers the idea should mesh easily together with the established systems regarding traditional tech companies throughout the planet. It offers developed the suite connected with instruments and resources for developers to enable them to build their own blockchains, and it also delivers the use of their blockchain as a mainchain to secure added sidechains. nStratis Progress Platform The nStratis blockchain developmnent platform produced for businesses Additionally, this presents consultancy services for organizations that want to use blockchain technology, yet seldom recognize where or even how to get started out. As an example, that they might guide a fintech company, showing them how blockchain engineering can come to be used to verify cash have been delivered to often the correct people, to track purchases, and to validate purchaser identities.

Stratis Team The leading operating company for Stratis is the Stratis Team Ltd which is centered in the city connected with Birmingham. They are comprised of a few pretty skilled developers along with specialties in venture software program and blockchain. Stratis was founded in 2016 by the existing CEO, Chris Trew. Philip has over 10 years involving experience in Enterprise THIS. He is also a backend developer who possesses built numerous applications within C# together with ASP. WEB. He started to slice the teeth in the blockchain ecosystem in 2013 plus functioned as a new volunteer around the Blitz project. Stratis Group People Some involving the Stratis Affiliates Bob is also joined simply by Nicolas Dorier who formulated NBitcoin merely as a new learning exercise. NBitcoin is now probably the most comprehensive cross-platform bitcoin frames. He offers also published an e book about blockchain programming in C#. Nicolas has also done some work on Bitcoin�s central project. The STRAT Expression The Stratis blockchain functions Proof-of-Stake (PoS) seeing as their consensus algorithm, plus the STRAT token as it has the indig�ne token in the network. Mainly because Stratis uses PoS it means there are no resource strenuous mining needed to secure often the network, nor any high-priced hardware required. It has been developed as a small inflation cryptocurrency and owners are able to crank out rewards by staking money, if they have sufficient to operate a new client. Operating a masternode requires staking 250, 000 STRAT, which has a worth of $392, 500 at the $1. 57 price on Oct 7, 2018. That�s certainly out of reach for most, but there have been talk of incorporating lower rate nodes the fact that require less gold coins. The particular primary purpose of the particular STRAT token is like gas for your network, or even a good solution to pay intended for network transactions. Obviously a person can also buy this as a speculative expenditure, and the coin is listed on well over the dozen swaps, which include Binance, Bittrex together with HitBTC. Binance STRAT Sign-up from Binance and Buy STRAT Bridal party As of Sept 6, 2018 the STRAT or maybe is #49 on Coinmarketcap. com with a industry cap of $155, 347, 489. That�s at a cost of $1. 57 along with a circulating supply of 99, 004, 672. Stratis Core Wallet struck a good all-time high value of $21. 21 on Economy is shown almost eight, 2018. Stratis was main successful ICO�s, raising 1, 000 BTC back in June/July 2016. This achievement led them all to start their own ICO software in Might 2018 to support others notice the same achievement. It is surely a ample supplying, yet could spell signs of trouble at this company. ICO Popularity inside Decline When Bitcoin rose found in popularity most other cryptocurrencies struggled to achieve the audience. Therefore , they will turned to the ICO as a way for you to gain market endorsement, plus to raise funds to carry on development. Stratis Core Wallet how Stratis got its start in 2016. ICOs became even more popular in 2017 if Ethereum began web hosting tokens on its blockchain, letting companies to bypass often the long and expensive procedure of creating their own blockchain. The fact that yr saw almost 1, 000 ICOs introduced and $5. 6 billion within capital raised. This wasn�t all good news though as over fifty percent of those ICOs have been failures. Most likely even worse was the roughly $1 billion dollars shed by investors for you to fraudulent ICOs. These cutbacks came the attention, and even ire, of government regulators. That will put an adverse light about ICOs. Shortly after major on the internet as systems like Google, Facebook plus Twitter banned ads with regard to ICOs about their systems. ICO price ranges fell around the industry together with people became increasingly cautious about projects releasing new gold and silver coins via an ICO. Decreasing ICO Demand Amount associated with means raised via ICO is declining. Source: ICO Information 2018 still gets a great volume of ICOs, but it as well sees more and more tasks preventing the negative judgment regarding ICOs. Many currently have gone back to the airdrop to spread tokens, in addition to still others are opting to hold private gross sales, providing their coins for you to venture capital firms and higher net-worth individuals rather in comparison with selling these phones the general public. This calls in to problem the decision of Stratis to release a ICO software in Might 2018. In a few respects it looks as if the particular administration team is caught up inside the past. Sure 2016 was initially just two fast a long time ago, but in the cryptocurrency planet 2 many years is like 2 years. A new turnkey ICO alternative from this point appears to travel in this face of the adverse view of ICOs in addition to the improving government examination. Stratis Remains a Valuable Blockchain Even though the particular release of an ICO platform helps it be seem like if Stratis beyond feel with the rest regarding the cryptocurrency industry, it remains some sort of strong plus impressive blockchain project. And even while the value of the STRAT coin has decreased during 2018, that is a great deal more a feature involving the entire decline inside cryptocurrency marketplaces. A $1. 57 value now is still the a lot more than twenty-two, 000% gain from the $0. 007 ICO price of the coin. That�s the rather hefty return within above 2 years. Stratis features also lately been listed in the Microsoft Azure Market, which was a large win intended for Stratis creator and BOSS Chris Trew. The listing is not necessarily the endorsement connected with Stratis as a project, nonetheless quite because the tableau is usually written in C# for any. NET framework. Often the. NET framework was designed by Microsoft company, and mainly because of Windows business utilization the. NET platform and C# programming language usually are both embedded in any industry. As the developer with the. NET platform Ms includes a massive stake within the survival and progress of the structure together with the C# language, doing acceptance of Stratis by way of Microsoft nearly a presented result. Microsoft Azure Announcement by Stratis on Microsoft Orange Company�s using legacy programs built on C# plus. NET will locate the changover to some blockchain alternative will be least difficult and even most cost-effective when making use of the Stratis solution. Nearly all of these companies previously have C# developers that can be reassigned to a blockchain venture, and they�ll help to make speedy progress thanks to their familiarity with C#. Unfortunately for Stratis this blockchain world evolves really quickly. Their C# kit was vaporware until May possibly 2018, meaning there were some sort of number of projects that will captured up to in addition to approved Stratis. And often the Breeze wallet, which will sounded so innovative throughout summer involving 2016, wasn�t all that groundbreaking when this has been release as a good beta mainnet product in November 2017. Stratis Core Wallet Download , nevertheless the Stratis team seems to possibly be running at a a long way slow tempo than brand-new projects, especially those from Asia. The early enthusiasm over Stratis hasn�t translated to early adoption. Within truth, other than the acknowledgement into the Azure Market place, the biggest partnership so far is with Globe Twine, an unknown startup company that is looking to disrupt the eating fish or crustaceans logistics business using a blockchain solution. A person hopeful progress is the particular newest partnership with BRITISH Meds, the best building online drugstore in britain, merely announced on Sept. 2010 5 various. UK Meds intentions of using the technology to strengthen affected person safety and to improve the UNITED KINGDOM Prescription drugs supply chain. Final result Startis has the variation creep into the first successful ICO, plus remains impressive in order to this time, but many say this would need to phase up its game in the event that doesn�t want the particular distinction of first productive ICO to be the major difference the project ever attains. While the idea has solid technological innovation and even a strong alliance with Microsoft, it is not seeing the type of use that needs. If the idea can leverage its skills there is even now desire for growth within typically the blockchain industry as the idea offers a number of viable and even helpful use-cases. The add-on of the Stratis platform in the Microsoft Pink market place is a massive win, and investors include to be very pleased with typically the 22, 000% go back since the ICO, even in the event the associated with the gold coin has been moving around 2018. Investor belief might be falling, but there�s still plenty of fine to get said for STRAT. Often the launch of a great ICO program doesn�t look to be the ideal relocate 2018 as authorities regulators have been taking aim at ICOs, however thankfully Stratis offers many other platform trends together with partners. Doubtless an venture blockchain solution in C# may well not appear while highly advanced or hot as other blockchain plans, but it�s merely these kind of nuts-and-bolts type purposes the fact that are often the the majority of helpful and profitable. In truth, the use involving C# makes Stratis even more desirable to standard technology companies with legacy systems, since they won�t need to start from scratch to move or integrate his or her methods with blockchain technologies. The Stratis solution indicates real promise, but we have to hold out plus see if they may genuinely deliver.

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cryptobitcointrading-whalea-blog · 6 years ago

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Now Buy Bitcoins Using Prepaid Cards: Here Is How

Want to buy Bitcoin with prepaid cards? Read on… We all know Bitcoin wasn’t as popular back in 2011-2012, b ut now, since the crypto madness has caught everyone, everyone wants to know about Bitcoin and also wants to own a piece of it if not one whole Bitcoin. The best part is, it has become effortless to buy BTC compared to the initial days. Now you can buy Bitcoin for cash, for a bank transfer, for gift cards, via credit/debit cards and also with prepaid cards. And to your surprise and mine, many people want to buy BTCs with prepaid cards. That’s why for those of you who don’t know what a prepaid card is, here is a simple explanation: A prepaid card is very different from a bank account debit card. A bank account debit card is linked to your checking account. A prepaid card is not linked to a checking account. Instead, you are spending money you loaded onto the prepaid card in advance. There are quite a few services that lets one buy Bitcoins with prepaid cards. Some of them are listed below. Take a look: Where You Can Buy Bitcoin With Prepaid Card 1. Coinmama Coinmama is a digital financial service company operating in the cryptosphere ever since 2013 from Israel but is originally a venture of NBV International registered in Slovakia. It allows investors to buy popular coins such as ETH, BCH, ADA, LTC, etc., including BTC. Prepaid cards are also supported by Coinmama for buying BTC and other currencies. Fees: Simplex, Coinmama’s credit/debit card processor, charges a 5% additional fee (with a minimum cap of USD 10) on each transaction. Only Visa/MasterCard are supported. Countries Supported: They operated in over 180 countries . Additional Comments: Reliable and trusted service. Buy BTC From Coinmama Now 2. Coinbase Coinbase is a popular name in the world of cryptocurrencies and is a digital currency exchange based in the US since 2012. It is a broker exchange which serves 32 countries with four digital currencies including BTC. Fees: 3.99% Countries Supported: Serves 32 countries . Additional Comments: Reliable and trusted. Buy BTC From Coinbase Now 3. CEX.io CEX .io is an old cryptocurrency exchange service operational since 2013, from London, UK. The list of cryptocurrencies available on the platform includes Bitcoin , Ether, Ripple, XLM, Bitcoin Cash, Dash, Zcash, and Bitcoin Gold. And the good news is that it supports VISA & Mastercard powered cards including prepaid cards. Fees: Up to 3.5% Countries Supported: All countries, except a few. ( Deposits / Withdrawals ) Additional Comments: Reliable and trusted. Buy BTC From Cex.io Now 4. LocalBitcoins LocalBitcoin is a popular Bitcoin start-up that facilitates over the counter buying/selling of bitcoins for a nominal fee since 2012. The company, based out of Finland, has a network of Bitcoin buyers & sellers around the world. The good thing is, you will find many buyers and seller dealing in BTC via prepaid debit cards from across the globe. Fees: Buyer/Sellers who create ads are charged 1% fee for every completed trade. Countries Supported: All countries. Additional Comments: Reliable and trusted. Buy BTC From LocalBitcoins Now 5. Bitpanda Bitpanda is a famous crypto exchange in Europe and is based in Vienna, Austria, where it was founded in 2014. It supports multiple payment options while buying Bitcoin, one of them being prepaid cards. Fees: 3-5% Countries Supported: European countries can buy; seller can be anyone. Additional Comments: Relatively unknown and less traction here. Also, read: Credit Card Purchase Limit On Bitpanda Increased to €10,000 [European Crypto Exchange] Buy BTC From Bitpanda Now 6. Paxful Paxful is a peer-to-peer Bitcoin marketplace connecting buyers with sellers just like eBay for Bitcoin. You need to select your preferred payment method and type in how many bitcoins you need. Fees: Seller pays 1%, buyer pays nothing. Countries Supported: All countries. Additional Comments: Relatively unknown, less traction here. Note: The volume remains low on this exchange, but still you can go ahead and purchase BTC with the prepaid card via Paxful. Buy BTC From Paxful Now Conclusion: How To Buy Bitcoin With Prepaid Card One needs to go through a complete KYC check and registration of their cards before buying bitcoins on either of the exchanges mentioned above. An exception to this is a service like LocalBitcoins which is peer-to-peer. Apart from that, it is always advised to never to use these services’ wallets as your permanent wallet because they all provide hosted wallets where you don’t control your private keys. Some good self-hosted wallets are listed below for your safety: Ledger Nano S Trezor Mycelium Coinomi Here, Coinmama is an exception because Coinmama doesn’t provide an inbuilt wallet for buying BTC, a good security measure. So what are you waiting for? Go ahead and buy your first BTC if you haven’t bought it yet because in the long term its value is only expected to increase. Read more: Top 9 Bitcoin Price Predictions By Experts That Is Hard To Believe . Lastly, if you have questions or doubts about the listed services, feel free to shoot them in the comment section below 🙂 Here are a few other articles for you to read next: Best Ways To Convert Bitcoins To Cash [Fiat] Buying Bitcoins In Australia: The Complete How-To Guide Bittrex Alternatives: Exchanges Similar To Bittrex Binance Exchange Review: Is It Safe And Reliable? The post Now Buy Bitcoins Using Prepaid Cards: Here Is How appeared first on CoinSutra - Bitcoin Community .

https://coinsutra.com/buy-bitcoin-with-prepaid-card/

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jovialfestivalbarbarian · 4 years ago

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How to collect Bitcoin

First of all, there isn’t anything like free Bitcoin unless you have a good friend who can give you a (fraction of) Bitcoin for nothing. Everything else promissing you a fortune is likely a scam. This article is about claiming Bitcoin from faucets which costs you almost nothing.

Earn Bitcoin from faucets

If for some reason you don’t want to or can’t spend your own money for Bitcoin, you can collect Satoshi, a fraction of Bitcoin. From faucets. A kind of for free. There are many faucets and I have tried quite a lot of them. But there is only one faucet platform which is really worth.

Coinpot

Coinpot is a platform which allows people to collect Bitcoin, Dogecoin, Litecoin, Dash and Bitcoin Cash from seven associated faucets. On the main site https://coinpot.co you can see your balance and activity (deposits and withdrawals, conversions of coins from one to another…)

Faucets:

http://bonusbitcoin.co/

http://moonbit.co.in/

http://bitfun.co/

http://moondoge.co.in/

http://moonliteco.in/

http://moondash.co.in/

http://moonbitcoin.cash/

How I use Coinpot faucets

I’m registered and use actively all faucets above. One has to use the same email to register at every site above. I have them all open in a browser so I don’t waste time by loading the sites and ads again and again. This also brings me less ads to go through actually (only once in like seven hours). It takes me something about 45 seconds to claim from all the seven faucets.

I’m trying to claim as often as possible, which is about 100 claims a day. There were days when I claimed 300+ times. With more claims, I earn more tokens issued by Coinpot, which can be then converted into Bitcoin. Also, it is nice to have a 100% loyalty bonus (whatever I claim is multiplied by two) and get rewards for completed challenges.

I recommend to use SolveMedia captcha because it is faster than Recaptcha. At least in my case. If you can’t read SolveMedia, don’t waste time on it, just click on a little curly arrow to load a new one.

I don’t play games, neither Lottery nor Multiplier. Simply because I always lost.

http://bonusbitcoin.co/ says that you can claim up to 5k satoshi. Since I have never claimed anything above the average claim amount, I recommend to choose “Always receive the average claim amount” in “Change your claim settings” to get at least the average claim.

I convert all the coins into one coin. What we claim from the faucets depends on the dollar value of Bitcoin and other coins and because Bitcoin is quite expensive now, the faucet rewards are rather small. That’s why I convert all coins into something cheap, like Litecoin or Dogecoin, and wait until this something pumps and exchange it for Bitcoin (on Bitpanda or Bittrex, see below). But you can just keep collecting Satoshi, of course.

I withdraw regularly! I don’t keep any large amount of coins on the platform. I mean where do you want to complain if the platform stops functioning? Minimum withdrawal limits are very small on Coinpot and withdrawals are without any fee.

General advice: Use a “fake” email account for the registrations. If you don’t have any, then make one gmail account, for example. This advice is somewhat universal and I recommend to use such email accounts pretty much everywhere. Use a new password, which you don’t use anywhere else. I use Coinomi wallet for small transactions of altcoins.

Summary

Even “fauceting” is not for free. You invest your valuable time. One has to deal with annoying captchas and some ads to claim the rewards. It must be clear that you will not get rich by fauceting in the short run. It’s a simple math. Faucets pay out what they get from advertising. The rewards also depend on the region you live in. You will earn more if you live in the US, much less if somewhere in Bangladesh.

So, fauceting may become frustrating at some point. That’s why I mostly buy my Satoshi but I still keep fauceting. It is a kind of sentimental thing for me. If you decide to buy Bitcoin, I have been using a European based exchange called Bitpanda for some time. Here is the link https://www.bitpanda.com/. Another exchange I can recommend is Bittrex (https://bittrex.com/) for more active trading. I use Bittrex mainly because it supports my old-time-favourite Blackcoin(BLK) — a PoS coin you have probably never heard about it.

If you found this article interesting or helpful, please, leave a comment. Tips are always welcome ;-) Thanks!

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BLK: BQ4g8RJfywDSCNgnRa3P1go48dsshXfrTX (you haven’t heard about Blackcoin? Check it here)

LTC: LNTWoU3b1xD6RLNRUihjRMHNVNH8rSt5AC

Doge: DFenwviV1iQG8YuBaqyKqajcPyVAEhop4b

#Bitcoin #Dogecoin #btc #litecoin #dash #coinpot #crypto #cryptocurrency #crypto coins #satoshi #faucet #blackcoin #ltc #bch #doge #for free

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bitsevenfrancais-blog · 6 years ago

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Ethereum vs Litecoin vs Dagcoin – Deadline News/ trading de marge bitcoin,bitseven, bitflyer,CoinMarketCap,poloniex,bitfinex,bittrex,bithumb,prix bitcoin,etf bitcoin

Introduction The word ‘Volatility’ has almost become synonymous with the cryptocurrency market. Cryptocurrency enthusiasts majorly view the digital currency as an investment option rather than an everyday alternative to fiat currency. Therefore, similar to what goes on in the traditional stock market, they require diversifying their funds when investing in cryptocurrencies in order to stay largely safe from the extremely volatile nature of the crypto market. Anybody who is looking to diversify his/her investment in the cryptocurrency market needs to have considerable knowledge as to which cryptocurrency to invest in. In this post, we are going to talk about Ethereum, Litecoin, and Dagcoin. Litecoin is not a new player in the cryptocurrency market. Launched in 2011, it is, almost, as old as Bitcoin. In fact, the blockchain technology utilized in Bitcoin and Litecoin is one of the oldest. Litecoin, similar to bitcoin, serves as a digital currency. Ethereum, on the other hand, is more of a blockchain based platform for running smart contracts and crowdsourcing funds for new projects with its own cryptocurrency known as Ether. Dagcoin is the freshest addition to the cryptocurrency market which completely eliminates blockchain from the equation by introducing DAG-chain. Based on newer technology, Dagcoin, apart from being an investment option, has the primary aim of becoming a preferred alternative to the fiat currency. What is Ethereum? Launched in 2015, Ethereum achieved a remarkable growth rate. The Ethereum price prediction 2018 largely hit the mark forcing the cryptocurrency investors to wonder how high Ethereum will go. Cryptocurrency investors are now keenly looking over onto the Ethereum price predictions 2020 and even the long-term Ethereum price prediction 2030 is evoking considerable interest. The big difference between Ether, cryptocurrency of the Ethereum platform, and Litecoin is the limit imposed on their production. In the case of Litecoin, the limit is 84 million tokens. This means that there won’t be any new Litecoin after crossing the limit. On the other hand, for Ether, there is no limit making it possible to mine Ether for an indefinite period of time. Ethereum releases the same number of coins into the system each year. Hence, the answer to the question ‘is Ethereum mining profitable’ is a big fat ‘Yes’ as there is no limit to how much can you make mining Ethereum. However, internal conflicts did arise in Ethereum giving rise to the fork of Ethereum, known as Ethereum Classic. As far as Ethereum Classic future and Ethereum Classic prediction are concerned, the opinion of the cryptocurrency experts appears divided. One of the biggest strengths of Ethereum is its block time or Ethereum transfer time. The block time of Ethereum is just about 15 seconds which provides the answer to the two most important questions asked by cryptocurrency investors, which are how long do Ethereum transactions take and how long does Ethereum take to send. On the other hand, if we take into account the transaction fee of Ether, the same is about $0.85 per transaction which is significantly higher than most of the cryptocurrencies out there. What is Litecoin? Litecoin, popularly called as the clone of bitcoin, began its journey with the bitcoin codebase and a few unique attributes of its own. The biggest advantage that comes with Litecoin is its presence in the cryptocurrency world since 2011. Bitcoin and Litecoin are one of the oldest cryptocurrencies that exist today. This survival of Litecoin for all these years make cryptocurrency enthusiasts wonder how high will Litecoin go and what could Litecoin be worth in 10 years. People are particularly interested in how to buy Litecoin or how to purchase Litecoin due to its low transaction fees. A transaction done in Litecoin costs about $0.04, which is much lower as compared to a transaction done in Ether. Although the development of Litecoin is in the image of Bitcoin, it is much better than Bitcoin in transaction fees and block time. The block time of Litecoin is about 2 minutes and 19 seconds, which is, indeed, faster than Bitcoin but is slower than Ethereum. This makes cryptocurrency experts divided in their opinion on the future of Litecoin and this clearly reflects in the Litecoin price prediction 2019 and the Litecoin price prediction 2020. Litecoin uses a proof-of-work algorithm during the mining process. The algorithm utilized in Litecoin is entirely different than the algorithm utilized in the Ethereum mining process. Litecoin uses a ‘scrypt’ algorithm which favors high-speed RAM instead of processing power and thus it can be utilized on less powerful systems that use less electricity. However, unlike Ethereum which uses a totally different algorithm, Litecoin’s mining algorithm, just like a significant number of other cryptocurrencies, can suffer from ‘mining-centralization’ as well when a small-sized group of miners obtains a considerable amount of power thereby gaining the ability to manipulate the network. This also divides the cryptocurrency experts on their opinion on how high can Litecoin go and whether should you buy Litecoin or not. What is Dagcoin & how is it different? Developed in Estonia, Dagcoin (dagcoins, dags) is the first cryptocurrency that has the primary aim of becoming an everyday currency that the people can utilize on their regular spending. Catering to this aim, the company behind the development of Dagcoin cryptocurrency created an entire ecosystem around it including DagWallet, Dagpay, Merchant Finder, and SwipeX. Dagpay enables an e-commerce merchant to send/receive Dagcoins from buyers in exchange for their products and services. DagWallet, similar to other cryptocurrency wallets, is a medium to hold Dagcoins. Merchant Finder is the complete platform or a system that consists of all the online businesses that are accepting Dagcoins as a mode of payment in return of their products or services. Already, a countless number of merchants has joined the Merchant Finder environment of the Dagcoin ecosystem. Dagcoin’s primary aim is to become an alternative everyday currency; however, this doesn’t mean that people cannot utilize it as an investment option. SwipeX is a currency exchange platform that enables Dagcoin holders to trade between various cryptocurrencies. The major advantage of Dagcoin comes from the fact that it utilizes DAG-chain instead of Blockchain. DAG or a directed acyclic graph works on a completely different mechanism than Blockchain. While in the blockchain, an external miner is required to confirm a transaction, in a DAG-chain, there is no role of a miner. A transaction confirms itself by referencing earlier transactions confirmed by the users thus reducing the transaction confirmation time drastically. If you are of the opinion that an increase in a number of users can negatively affect the performance of the DAG-chain, then you must know that DAG-chain is highly scalable. More the number of users, better its performance will become thereby decreasing the overall cost of a transaction. There is no concept of blocks in a DAG-chain. The transactions run directly into the DAG networks making the entire process much faster than those of blockchain based on proof-of-work and proof-of-stake. In short, if blockchain is not able to solve the problems of scalability and increasing transaction costs, Dagcoin has the capacity to render blockchain obsolete in the very near future - bitseven.com. BitSEVEN | Echange mercantile de Bitcoin Echangez avec un maximum de 100x de profit Echangez Bitcoin et autres cryptocurrences avec un maximum de 100x de profit Exécution rapide, frais bas, disponible seulement sur BitSEVEN

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#coine xtchange #bitseven #Localbitcoins #Poloniex #Bitstamp #Blocktchain.info #bitcoin #pièces de monnaie #acheter des bitcoins #bitcoin acheter #coinbeinre #BitForex

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cryptoquicknews-blog · 6 years ago

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New Post has been published here https://is.gd/Dpl2ei

From Bitconnect to SIM-Swap Swindling: 2018's Biggest Scams

This post was originally published here

2018 will long be remembered as the start of a significant cryptocurrency bear market, but the declining market still provided opportunities for scam artists to snag unwary investors.

Given that 2017 was a breakout year for Bitcoin (BTC) and the likes, investors were clamoring to enter the fray as the price of cryptocurrencies skyrocketed toward the end of the year.

With such a positive environment, businesses and developers looked to leverage blockchain technology for new projects, leading to a boom of new initial coin offerings (ICO) that has collectively raised more than $20 billion since the beginning of 2017.

This provided the right atmosphere for more nefarious individuals to set up scam operations looking to fleece unsuspecting victims.

The modus operandi varied from project to project, but there was no shortage of conventional multi-level marketing and pyramid schemes, as well as pump-and-dump operations.

As the year has come to a close, it is worthwhile to take a look at some the biggest scams of 2018, as well as some of weirdest and outright ridiculous schemes.

Bitconnect falls

Bitconnect will go down as one of the biggest scams the crypto world has ever seen, but the shady project saw its eventual end at the beginning of 2018.

Thousands of investors were duped by the platform, which promised impressive returns on a lending scheme using its own native token.

The concept was fairly simple: Investors would trade in Bitcoin in return for Bitconnect Coin (BCC), which they could then lend out at varying rates of return in interest.

Bitconnect’s lending platform led to accusations of the platform being a Ponzi scheme, which in time led to a cease-and-desist order being issued by United States regulators.

What further drove concerns around the legitimacy of the operation was the referral system and the anonymous ownership of the company.

The worst fears were realized when the anonymous creators of the program sold their coins and made off with the reserves of BTC — leading to class action lawsuits from a number of affected investors.

The scale of Bitconnect’s influence spanned across several continents, leaving investors around the world dealing with losses.

Pump me up!

As recent research from the Social Science Research Network suggests, price manipulation of various projects is still rife among the cryptocurrency community.

Culprits make use of messaging applications like Discord and Telegram to orchestrate price hikes of certain crypto tokens in order to sell their own holdings for a profit.

According to the findings, researchers identified 1,051 and 3,767 pump-and-dumps schemes on Discord and Telegram respectively, indicating just how prevalent this illegal practice has become. As per current regulations, this practice amounts to securities fraud under the jurisdiction of the U.S. Seсcurities and Exchange Commission (SEC).

While many of these schemes targeted a variety of altcoins, Bitcoin was not immune to orchestrated buying groups operating through various chat groups.

The research identified at least 82 pump schemes targeting BTC on these two apps in 2018, although that amounted to just over 1 percent of total pump signals.

Social media shenanigans

Social media networks have also become a crucial tool for criminals to prey on unwise investors.

A prime example was the hacking of verified Twitter accounts that were then used to promote fraudulent money-raising schemes.

The latest instance saw a number of accounts impersonating Tesla founder Elon Musk, promoting a Bitcoin fundraising scheme. One of these Bitcoin wallets used in the scam raised over $150,000, showing how many people fell for the authenticity of a “verified” account.

It certainly wasn’t the first time hackers had taken control of prominent accounts in 2018. At the beginning of the year, Litecoin founder Charlie Lee had a number impersonators setting up accounts on Twitter, promoting fake LTC giveaways.

Telegram founder Pavel Durov was also a victim, as a number of accounts looked to take advantage of some downtime of the Telegram app, setting up fake accounts offering crypto giveaways for their support.

Sim-swapping whiz kid nabbed

19-year-old Xzavyer Narvaez made headlines in August, after he was identified as the perpetrator of an elaborate sim-swap heist that saw more than $1 million worth of BTC stolen.

According to reports, the teen stole phone numbers and used them to gain access to the social media and financial accounts of his victims. He would do this by performing a “sim-swap” in order to take control of accounts on his own devices.

Investigators allege that Narvaez’s Bittrex crypto wallet had received over 157 BTC between March and June 2018.

Narvaez faces charges on four counts of using personal identifying information without authorization; four counts of altering and damaging computer data with intent to defraud or obtain money, and grand theft of personal property of a value over $950,000, according to court documents.

If not for his flashy spending of his ill-gotten gains, which included the purchase of a McLaren sports car, and his brazen use of the same device to process over 20 sim-swaps, Narvaez may have gotten away with his crimes.

The purchase of the $200,000 vehicle, which was made using BitPay, also helped authorities build a case against Narvaez.

Narvaez is not the only perpetrator to be arrested for stealing large amounts of crypto through the use of sim-swaps.

According to Krebs On Security, police arrested a man in August believed to be part of a cross-state syndicate involving nine suspects that used sim-swapping to steal large amounts of cryptocurrencies from his victims.

Vietnamese investors swindled by iFan, Pincoin

In April 2018, news broke of a massive ICO scam that had affected 32,000 investors in Vietnam.

The fraud was touted as one of the biggest to affect the crypto community, as $660 million of investors’ money had been stolen by two separate ICOs, run by a parent company in Ho Chi Minh City.

Modern Tech operated two projects, iFan and Pincoin, which duped investors before they could alert authorities. The owners liquidated the company and vacated their offices in the city by the time affected investors lobbied to get their money back.

iFan was touted as a social networking platform for celebrities to promote content and merchandise to fans around the world.

Modern Tech was promising users in Vietnam 48 percent returns monthly for iFan tokens, but they had to make an initial investment of $1,000. Furthermore, users were given an 8 percent commission for referring new investors.

Pincoin, an ERC-20 token powering the PIN project, promised users up to 40 percent monthly return on investments on the landing page of the website. The project promised to build an online platform powered by cryptocurrency and blockchain to provide an advertising network, auction and investment portal, and peer-to-peer (p2p) marketplace, among other offerings.

GAW, Paycoin Ponzi operator jailed

After a protracted legal battle, Homero Joshua Garza, the CEO of now defunct GAW miners and Paycoin cloud mining, was sentenced to 21 months in jail in September 2018. His offences date back to 2015, when he was found guilty of running Ponzi schemes.

Both projects were setup that year, but within months, GAW was accused of being a Ponzi scheme, leading to its closure in 2015.

The developers of GAW also created Paycoin, a cloud-mined cryptocurrency.

Taiwanese scam outed by Finnish investor

In August 2018, Taiwanese authorities acted on information $24 million crypto scam that had taken advantage of wealthy offshore investors.

Thai citizen Prinya Jaravijit was detained in August by authorities, suspected as the main culprit in the investment scam targeting Finnish investor Aarni Otava Saarimaa and his Thai business partner Chonnikan Kaewkasee.

The pair had alerted authorities after they’d failed to receive dividends from investments made with Jaravijit and nine other suspects.

The investors believed that their $24 million would be pumped into the casino- and gambling-focused cryptocurrency Dragon Coin (DRG). After parting ways with the funds, the pair never received any dividends from the so-called investment, a proof of investment in DRG, nor were they invited to shareholders meetings.

The case gained international attention when Jinya’s younger brother, Jiratpisit “Boom” Jaravijit, a well-known soap-opera actor, was detained in August.

Sniffing out the perpetrators

While the number of fraudulent operations may be startling, there seems to have been some real success by authorities looking to take action and protect investors.

U.S. Commodity Futures Trading Commission chairman Christopher Giancarlo said the organization had seen an increase in the amount of actions and fines taken against fraudulent projects, including the cryptocurrency sector.

“We have not been shy to take these cases to trial, winning significant trial victories in this area over the past year — including a precedent setting victory in a trial involving Bitcoin (BTC) fraud.”

While financial regulators and authorities may have been dishing out fines, conventional authorities made a number of high-profile arrests during the course of the year, as Cointelegraph has previously reported.

Some of the ring leaders have been included in this article, but these arrests show that even the anonymous characteristics of cryptocurrencies can’t completely hide the paper trails of illicit activities.

As regulators gain a better understanding of the ins and outs of cryptocurrencies and ICOs, the prevalence of these types of crimes could very well drop.

However, these stories show that investors need to be cautious with their crypto and make sure that due diligence is done when investing.

#crypto #cryptocurrency #btc #xrp #litecoin #altcoin #money #currency #finance #news #alts #hodl #coindesk #cointelegraph #dollar #bitcoin View the website

New Post has been published here https://is.gd/Dpl2ei

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jacobhinkley · 6 years ago

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The Daily: Akon Launches Akoin, ICO Mogul Buys $19M Land with Bitcoin

A musician who wants to use cryptocurrency to create a “real-life Wakanda” in Africa is the main feature in today’s edition of Bitcoin in Brief. Additional stories include an ICO mogul who bought land worth $19 million with bitcoin, a massive trove of Coinbase customers’ complaints and more.

Also Read: Control of Highly Demanded Crypto Classes May Spark Turf War at Universities

Akon Launches Akoin

Akon, the Senegalese-American singer, is launching his own cryptocurrency token called Akoin. The stated purpose of the project is to build a futuristic city in Senegal that is meant to be a “real-life Wakanda”, referring to the fictional highly technologically advanced African nation featured in the recent Black Panther movie.

Speaking on a panel at Cannes Lions International Festival of Creativity, Akon explained: “I think that blockchain and crypto could be the saviour for Africa in many ways because it brings the power back to the people and brings the security back into the currency system. It also allows the people to utilize it in ways where they can advance themselves and not allow government to do those things that are keeping them down.”

According to the project’s website, the “100% crypto-based” Akon Crypto City is being built on 2,000 acres of land gifted to Akon from the President of Senegal. It’s within 5 minutes of the new international airport, close to the coast and a short drive from Dakar, the capital city of Senegal.

ICO Mogul Buys $19M Land with Bitcoin

According to newspaper reports from Israel, the serial entrepreneur and cryptocurrency advocate Moshe Hogeg has bought 5,000 square meters of private land to build himself a new house in the very affluent community of Kfar Shmaryahu not far from Tel Aviv. The price of the real estate is about $19 million and he reportedly paid 15% of that sum in Bitcoin.

Hogeg is the man behind Sirin Labs, which raised $157.8 million in an initial coin offering (ICO) last year. The money was meant to be used to build an “ultra-secure” cold storage crypto wallet-phone which was promoted by soccer superstar Leo Messi.

134 Pages of Coinbase Customers’ Complaints

A stack of 134 pages full of costumer complaints against Coinbase, filed to the US SEC and the California Department of Business Oversight, have been obtained by Mashable following a five-month FOIA (Freedom of Information Act) process. The files show the frustration and anger of clients that felt they could not get adequate support for their issues with the platform.

The company sees the high number of complaints as a result of the mad rush to enter the crypto market last year. “In 2017, the cryptocurrency space experienced a profound uptick in mainstream awareness and growth,” explained a Coinbase spokesperson. “As part of that, consumer demand for our services increased by 40x and we experienced transaction volumes in November and December of that year that grew by 295 percent.”

Bitmain Is Back on Twitter

Chinese ASIC giant Bitmain Technologies has now regained control of its @Bitmaintech official Twitter account. As we reported a few days ago, the company was banned from the social network after trolls apparently convinced Twitter admins that the account belonged to a four-year-old.

Aaaaand we are back! We missed Twittersphere and it appears that some, like @Satoshi_N_ , missed us even more.https://t.co/x14bJoTkhD Oh, and it feels good to finally be over 13 years old @Twitter /s

— BITMAIN [Not giving away ETH] (@BITMAINtech) June 20, 2018

Bittrex Adds ETH to USD

Bittrex, which recently introduced fiat currency support, has now announced the addition of support for Ethereum (ETH) to USD trading. Initially, the Seattle-based exchange offered the USD paired against just BTC, tether (USDT), and another stablecoin, Trueusd. The move can be seen as part of a larger trend by exchanges trying to gradually wean themselves off dependency on the controversial tether. It might also help to delink the price of ETH from BTC in terms of USD if more exchanges follow this move.

What do you think about today’s news tidbits? Could Akon’s crypto city succeed in building a real Wakanda? Share your thoughts in the comments section below.

Images courtesy of Shutterstock.

Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

The post The Daily: Akon Launches Akoin, ICO Mogul Buys $19M Land with Bitcoin appeared first on Bitcoin News.

The Daily: Akon Launches Akoin, ICO Mogul Buys $19M Land with Bitcoin published first on https://medium.com/@smartoptions

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bowsetter · 6 years ago

Text

The Daily: Akon Launches Akoin, ICO Mogul Buys $19M Land with Bitcoin

Also Read: Control of Highly Demanded Crypto Classes May Spark Turf War at Universities

Akon Launches Akoin

ICO Mogul Buys $19M Land with Bitcoin

134 Pages of Coinbase Customers’ Complaints

Bitmain Is Back on Twitter

Aaaaand we are back! We missed Twittersphere and it appears that some, like @Satoshi_N_ , missed us even more.https://t.co/x14bJoTkhD Oh, and it feels good to finally be over 13 years old @Twitter /s

— BITMAIN [Not giving away ETH] (@BITMAINtech) June 20, 2018

Bittrex Adds ETH to USD

What do you think about today’s news tidbits? Could Akon’s crypto city succeed in building a real Wakanda? Share your thoughts in the comments section below.

Images courtesy of Shutterstock.

The post The Daily: Akon Launches Akoin, ICO Mogul Buys $19M Land with Bitcoin appeared first on Bitcoin News.

READ MORE http://bit.ly/2MJOK8D

#cryptocurrency #cryptocurrency news #bitcoin #cryptocurrency market #crypto #blockchain #best cryptocurren

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kingmindint · 7 years ago

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Bitcoin Exchange Bittrex Reopens Registrations and Unveils New Design

After four months of pausing new user registrations for a framework upgrade, Bittrex reopened registrations on April 10. However, the influx of new users caused a server overload ten minutes after the site went live, indicating a huge demand in the platform’s service and interest in bitcoin and altcoins.

Earlier in December 2017, the US-based crypto exchange paused all registrations for new users, citing their server’s saturated capacity and lack of staff for customer service. Potential new users had to fill out an application form and were added to a “waitlist,” with no clear date on when the exchange would relaunch its registrations.

Finally on April 10, 2018, without a prior statement, the exchange announced the relaunch of registrations on its revamped platform. In addition to this, the company introduced corporate accounts, which allow for multiple traders using a single account with a large asset holding.

CEO Bill Shihara said, “After diligently working to improve our infrastructure and upgrade our website, we’re pleased to announce registration for new users resumed today.”

The company also spoke of its recent team expansion, informing that they have brought on board former Amazon employees, as well as former members of the U.S. Departments of Justice and Homeland Security.

Server Failure

Ten minutes after its much-awaited launch, the company suffered an embarrassing server failure, which resulted in registrations to be suspended once again. The lapse was quickly attributed to unprecedented traffic from new users trying to sign up for the platform. Trading activities were suspended as well, but as of yet, there is no report of loss in funds.

Addressing the server failure, Bittrex said:

“Sorry for the inconvenience. Due to an overwhelming response from new users, registration is temporarily paused. We’re working to make the necessary tweaks and reopen signups again shortly.”

True to its word, the issue was solved in five hours, and registrations are now ongoing on the Bittrex website.

Early in 2017, U.S based Coinbase underwent similar issues. The cryptocurrency giant reported a mainframe shutdown, which it attributed to the large price increase of bitcoin, stimulating new investors to jump on the bandwagon.

A Handful of Users Express Disappointment

Despite the four-month improvement period, traders and investors quickly reported problems with the exchange.

Twitter user Adam Lasher, commented:

If I wanted a difficult shitty platform I would use binance. PLEASE give us an option to go back the old format. You guys don’t even have a LAST button on your buy and sells.

— Adam Lasher (@AdamLasher) April 10, 2018

Users also expressed their furor over the limited number of buy/sell entries the updated website allocated. An important aspect of trading, buy/sell entries are observed by traders to determine price action before placing trades. Thus, a limited order book is detrimental to a trader’s strategy.

Additionally, several users complained about the new layout itself, asking Bittrex to revert to its earlier interface.

People who clicked “like” just looked at the overall design. They haven’t even tried putting 5 trades in. The new @BittrexExchange interface will cost traders and the exchange itself money. UI gone wrong. #FAIL

Bring back the dual buy/sell panel like this… pic.twitter.com/EBTrVVyOcg

— Global Creators (@GlobCrea) April 11, 2018

The chart studies in the new design makes the site REALLY REALLY slow.

Did you actually test the new site?????

— cpt. kowalski (@datzeiiktoch) April 10, 2018

LOL You guys have had 4 months to hire new ppl, increase the system to handle heavy traffic, and implement new support AND do a dry test run of a re opening to see if u can handle it. Looks like another FAIL. Sorry Bittrex, but u will never catch up with @cz_binance.

— CryptoSoldier (@NoTimeToSearch) April 10, 2018

The post Bitcoin Exchange Bittrex Reopens Registrations and Unveils New Design appeared first on BTCMANAGER.

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The post Bitcoin Exchange Bittrex Reopens Registrations and Unveils New Design appeared first on Bitcoin Geek.

via Kingmind Bitcoin Exchange Bittrex Reopens Registrations and Unveils New Design

#Kingmind #Kingmind International

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kamalds · 5 years ago

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via Twitter https://twitter.com/BTCSINGH

#IFTTT #Twitter

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Kraken exchange review – the best solution for your Bitcoins

Kraken exchange review – what is it and how does it work? Learn why is it unique

Do you want to know which is the best solution, if you want to short cryptocurrencies? Watch our latest video of Kraken exchange review, to find out about one of the only cryptocurrency exchanges available for U.S. citizens.

Kraken exchange review – a guide for cryptocurrency market.

Hello, and welcome to Diary of a Trader. Today, we’re going to be going over, in this video, the exchange for cryptocurrencies Kraken, which is unique in that it is one of the only cryptocurrency exchanges available for U.S. citizens, that allows you to short cryptos. For the normal person, unless you have an LLC, or you are an accredited investor, it’s difficult to open up an account on an exchange like a Bitfinex. So, Kraken is probably the best solution, if you want to short cryptocurrencies and actually, shorting is a very good idea. It is a very normal thing in every market. It is the other half of trading and it should not be discouraged, it should be encouraged. But leverage is risky, so you know, before you do anything, make sure that you know what your risk tolerance is and past performance is not indicative of future results and all of that jazz.

So, let’s go ahead and get into it, we’ve got the front page here. You know, we’re not going to go through the entire account creation process because we’ve gone through that with the Coinbase and the Binance videos and the process is very much the same. It still includes uploading photos, it’s the KYC, Know Your Customer rules and regulations that you need to follow, but once you’ve done that, then we can just go to Login. And I’m actually going to point out that there are a couple of parts, there’s like two sites that you would use for Kraken. There’s the main page, which we’re going to investigate right now, and then we have to put in our two-factor authentication, and that’ll bring us to the main site and that is right here. So, it tells us what our positions are, what are the prior trades that we’ve done, in and out deposits and such, trade balances and all of that here. And it will do it in any currency that you want. So, it defaults to the Euro, but, of course, I’m in the States, so I’d like to look at it by there. Otherwise, we can look at these values depending on others, as well. So, we have the trade area here, we can put in new orders, like so. And then, there’s a couple of other options, so we have the Simple Ordering and then we have Intermediate and we have the Advanced.

Now, this is, on the right side of that, this is the trade.kraken.com, this is actually their newer interface for the trading part of it, where they actually have some indicators and the order flow like you’re familiar with some other exchanges, but we’ll come to this here in a little bit. But this used to be the only way you could do it, and you can see here that there’s leverage available, okay? So, you see leverage for XBT, is Bitcoin. So Bitcoin-Dollar, you can get up to five times leverage, if you want to buy or sell to short… To short, you sell and you can do that with Ethereum, they have five times leverage. But those are the only two. They don’t have five x leverage on everything. They only have five x leverage on Ethereum and Bitcoin and that is about it there, unless they have done it for Ethereum Classic, two times leverage on Ethereum classic. Some pairs have two x leverage, but the only ones that have five x leverage is Bitcoin and Ethereum. And then, you would put in how much you want to buy, when you want it to start, you want to do it right away, like a marker order, and this is actually more of a confusing process than you would do it on the order form itself. We’re going to get to how to do the order process, their new trade site in a moment. The funding will just, if you want to transfer over cryptocurrency from one exchange to the other, that’s where you do it here. It just looks a little different than what we’ve seen on Bittrex, Binance and Coinbase, and so, if we wanted to, let’s say we’ll look at Litecoin, and if I wanted to transfer Litecoin, I’m going to get prompted to acknowledge that if I send it to the wrong address it’s not Kraken’s fault. And I select here. Now, what makes Kraken a little different… Well, another thing that makes him a little different is that the deposit addresses, they expire, alright? So, on Binance and Bittrex, when you have deposit addresses for Bitcoin, or Ethereum, or Litecoin, or Dash, all of those stay the same, they don’t change. Kraken is a little different, and if you’re used to using the same address over and over, you really want to double check, because, after a certain period of days, these will expire, so you’ll have to generate a new address and once that’s done, I can say Select, right-click on it, go to copy and then I have my Litecoin address and if I wanted to deposit Litecoin over here, to trade with, then I could just send it over here like we do on any other way that we’ve seen on the other videos. Send, you can look at EOS, Gnosis, Monero. These are the coins that they allow you to deposit to Kraken.

And, I’ll say that Kraken has a little longer time period for the coins to show up than other exchanges. I’m unfamiliar with why that is. If that’s part of their internal issue, or if that is just the nature of the beast, I’m unsure. The withdrawal process is the same. If we click on Withdrawal and then we will get the same here, that we can take a peek at and see how many we’ve withdrawn in the past. If you look at the Euros and the Dollars, in order to transfer in Dollars, you’ll have to go through the KYC process, where they… You have to get to that level three KYC process, and then you can add your bank account in here and directly deposit dollars, which is a very efficient and a very fast way to do this. Is very similar to Kraken. This is one of the few U.S. Exchanges that actually lets you deposit US dollars into the exchange. A lot of other exchanges, you can’t do that. So, we have this right here, and then the audit is, I don’t want to click on that, because that shares personal information. Security, two-factor authentication, master key, trading if you wanted to do two-factor authentication for trading, that’s kind of a pain in the butt, because every time you take things on or off, you, as far as a trade, if you want to buy or sell, then you’re going to have to put in your two-factor authentication. But, for two-factors withdrawals, I’m surprised that I did not… I’ll do that later. But, you definitely have two-factor authentications done for deposits and withdrawals. That way, in case somebody were to somehow access your Kraken account, even with the two-factor authentication, to do the withdrawal, they would need to do that again. On Settings, this is just the information, basic about your account name, public account ID, your email and all that jazz. The History is just going to give you your detailed list of some of your withdrawals, when you logged in, rollovers, like fees that are paid for holding margin trades. Get Verified, this is a KYC process so, you know, it says right here, These are the requirements, so you know Tier 1 – Full name, Date of Birth, Country Residence, Phone Number. Address Verification is for Tier 2 and then Tier 3 is where you get to have a lot of these higher limits, you know, $25,000 deposits, $25,000 withdrawal, these are for daily withdrawals and deposit, monthly limits and $200,000 for monthly and $200,000 worth of crypto withdrawal monthly. And, for here, this is really just a lot of the same things that we would need to do that fulfill all the KYC requirements, the ID, front and back of your driver’s license, or your passport. And then, for Tier 4, we have these higher levels and, in fact, I know for a fact that you are not limited to the $500,000 at Tier 4, that is just what they put here. If you’re an accredited investor or if you have your own LLC and it’s well capitalized, you just have to show some proof. They’ll send you an email with things that they’ll want to know about you, and if you are an accredited investor you know what your income limits are to fulfill those SEC standards, and yeah, it’s a fairly simple process to go through all of this, okay?

Mt. Gox claim this is no longer in use, here on Kraken and it’s really not worth spending a lot of time going over. So, again, the main page of Kraken is right here. Well, if you click on Account, then that’s just going to bring you over to the same tabs that we had right here. And the trading on Kraken used to be done here, but now they came out earlier in this year of 2018, they came out with this site where they have their own, mostly proprietary, charting software, they deviate a little bit from their peers in that they are using their own setup and not using TradingView. And we can see that the pairs that they offer, we see Dogecoin, we see MLN, you know, they’ve got some pairs that are old, that do not have a lot of volume or participation, but they have added some others like EOS, Ethereum Classic, XRP. And so, if we click on the BTC/USD pair, we can see that it looks much like any other chart. The indicators that they have here, you can change the type of chart you want to look at, if it’s a Line chart, a Bar chart or the Heikin-Ashi charts. You can adjust the charts to be a percentage or logarithmic. The overlays that they have here are very limited. The Williams Alligator, this is an interesting moving average crossover system where the three moving averages are identified as the lips, the mouth, and the jaw… Lips, teeth, and jaw, so it’s like a mouth is opening, that’s the Williams Alligator system. Ichimoku system’s on here, it’s probably all you’d really need, in my opinion. I love the Ichimoku system. They have other indicators for down below the various oscillators here, like the RSI, the Stochastic RSI, the On Balance Volume indicator, which is a very nice one. I mean, the indicators that they do have here, they do not have a large selection, but you really don’t need more than what they have here, I mean the CHOP Index is here, this is an interesting indicator. In fact, this indicator was created a little oddly. It’s not really based on a lot of math, it’s based off of the bereavement cycle. The gentleman who created this indicator asked a number of pastors and priests and he said, “Well, how long does it usually take for a person to recover from the death of a loved one?” And they said, “Nine to 11 months”, so, all he did is he thought, “Well if there’s a significant drop in the market, how long does it take for a person to get over that loss of money?” And that is kind of the calculation that… You know what, that’s the _ curve, not the Choppiness Index, but you just learned something different.

So, we can see here, here’s the visual representation of the book, the number of values itself, we have the bids and the offers, bids and asks, and we see here we have the trades that were executed and then, over here if we wanted to execute a trade, we can do it by Market, Limit, Settle Position, Stop Loss or Take Profit. And again, to short, because this is the bitcoin-dollar pair, if you want to short, all we would do is hit Sell and we would do five times our leverage, and then that would execute the order and the orders populate on the screen.

The Kraken Exchange is very well done. Aesthetically, it could do a lot better. I will mention one thing, though, if you have this screen up, this automatically logs out after a couple of minutes of not using it. You will have to re-log in frequently on this Web site if you’re trying to use it along with the trade screen here, so just be aware of that. This is very annoying if you are trying to keep track of things on two different screens, this screen will log you out very fast and right, we have a pretty nice idea of what this is capable of. Now, personally, if you might be asking me, “Well, why do I need to have money on different exchanges or why would I want to have money on different exchanges?” One of the reasons that, you know, like I have Ethereum that I have parked ready to send over to Kraken in case it’s going to short. The reason I don’t have a lot of holdings on Kraken, is because last year, they had an update and it was down for quite a while, and there was a lot of paper loss involved, and I wanted to use a lot of that liquidity on another exchange because I wanted to buy, so I have my Ethereum sitting on a wallet and when I want to go short, I can just send it back over here and hopefully it’s active. The issue that Kraken has faced is, they’ve lost a lot of customers, especially in the latter part of 2017 because they could not keep up with the influx of new customers. They had some technical issues. They just had a really, really dark stain on their reputation. But, they have been very, very proactive about addressing that and fixing that, and since then, they have done a lot better. We’re going to go over some of those here near the end of the video. But, to answer the question of why would I want to use this exchange? It’s because you can short cryptocurrencies on it. So if you’re a person who likes to hedge their longs with shorts, this is a great opportunity to do that. If you want to trade in the bear market and not just take pullback trades, because this is a frustrating market that we’ve been in ever since 2017. It’s hard to want to trade in a market that is mostly to the downside and if you’re not able to short in a bear market, you’re really limited to trying to guess where a bottom is going to be and enter that. But shorting is very effective, it’s profitable. It’s part of a market. It provides honesty and integrity to prices. It is essential. It should not be demonized, it’s really one of those things where it’s not good or bad and neither is bullishness good or bad. It’s just part of how a market is treated.

And so, let’s look at some of the things that Kraken has done to really address their customers. You know, they haven’t faded away. They haven’t tried to just kind of distance themselves, they haven’t slowed down, they’ve actually worked very, very hard. And I would like to give Kraken some credit, where credit is due, because there are a lot of exchanges and there’s a lot of other things in this industry, this entire cryptocurrency sphere where there’s a lot of people who and organizations that try to take advantage of people because they’re able to or because they just don’t want to put up with the headache. I don’t know what it is but in any new emerging market an asset class you’re always going to have bad actors, but Kraken has really tried to do a good job by doing well to their customers. Over the last quarter, and this is in July of 2018, they’ve been pretty good about reporting some statistics, so their satisfaction of client satisfaction ratings, according to Zendesk, for the exchange industry is Kraken’s at 94% versus 93% replies to resolutions. They’ve got a number of replies from a support specialist to a client 1.35 versus the BenchMark of nine. Total resolution time, takes about two hours less than the BenchMark’s. The first reply time is about an hour less than the first Benchmark. Ticket volume, they have had a lot of tickets and I think if Kraken were to really touch up that main page or just get rid of it, they would have a lot less issues, because, you know, trying to figure out your leverage amount or limit or how much you’re able to do is not very apparent on Kraken. They don’t have a very good interface. So, 133,671 tickets versus the BenchMark, of 421. One touch resolution, the percentage of support tickets solved with one response, 68% versus 37%. Those are actually pretty good numbers. The KPIs, Key Performance Indicators and Accomplishments, you know, you can see here that they’ve really, really done a phenomenal job of addressing a lot of the issues related to their platform, in the market, in general, and really, if you look at the decrease in the volume of some things, that is really indicative of the decreasing volume of the retail participation in the market because it has been in a bear market all of 2017, and we can see that the satisfaction percent was in the third quarter of 2017, so prior to the monster bull run, it was 89.19% and then, in quarter four, in the first quarter, quarter four was when we saw that massive rise to near 20,000 in Bitcoin, Kraken had a lot of technical issues, they weren’t able to keep up with the volume. You know, in their defense not many exchanges, even Coinbase had difficulty keeping up with the demand. So, they had a lot of bad feedback there, that extended into the first part of 2018 and when things kind of slowed down, as they normally do during these peaks, they’ve spent this time during this low volatility, it hasn’t been low volatility, but the low volume participation they’ve really spent this time to develop a better and a safer and secure and efficient service. And I am actually very impressed, personally, with how smooth it has bee, ever since last January.

The client satisfaction has improved significantly, 94% compared to 80%, the prior quarters. These are all the things that we went over median first response time is strong improvement, to 2 hours this quarter, compared to over 7 days in quarter 1. This was an issue, I remember putting in tickets myself, and the fourth and first quarters of the last calendar quarter of 2017 and the first calendar quarter of 2018, it was impossible to get a response. There was actually, I remember I wasn’t the only one complaining about it. There was a lot of people all over the place complaining about those long wait times. Median total resolution time has improved, the Tier 4 applications are processed and approved in less than six hours, which is actually phenomenal because those kinds of applications really require a lot of, you know, a person reviewing it and doing the due diligence on Kraken side, to make sure that they fulfill these requirements to have those kinds of limits. So there’s something great about that, the Tier 3 verifications too kind of require a personal touch, because they need to verify the IDs and the pictures and only two complaints filed with the Consumer Financial Protection Bureau, down from 17 in quarter one. I’m actually surprised by that, that there were only 17 in quarter one of 2018, that is very different. The highest daily number of tickets was 18,388 in January 2018, highest daily number of new accounts was 71,000, alright? 71,000 new accounts on January 3rd, 2018. Top 5 ticket categories: Verification, General Questions, Fiat Funding, Account Access, and Crypto Funding. Crypto Funding and Fiat Funding, the margin would definitely fall under those issues and nearly 700,000 accounts have been verified on their exchange over this period.

So, Kraken has made a pretty good effort in there, in the entire crypto sphere. It’s very evident by the creation of this new trading platform that they have, this new charting and trading look is very welcome, probably due with a little more aesthetic look, maybe do what their competitors do, and just tap into TradingView’s service, but otherwise, this is probably the best option. I think it’s the best option, I mean, personally, I enjoy Kraken a lot. It’s the easiest way for a U.S. citizen to access the ability to short on margin in cryptocurrencies. It’s one of the only ways to do it, and even if it wasn’t it is actually one of the safest and one of the more efficient ways to do it. They don’t have the predatory leverage like you see in a lot of other exchanges outside of the U.S. The leverage is limited. But that’s, you know this is a retail-based exchange and they got to know their customers and retail traders are very, very prone to getting into the gambler’s mindset and over leveraging already, so limited to five times, I think that speaks to their integrity and their willingness to limit the leverage and to make sure that they’re doing right by their customers. So, yeah I mean it’s a pretty nice exchange and it’s an easy way to short, and yeah. I hope you guys enjoyed this video and I look forward to speaking with you in our feature videos. Have a great day! Bye-bye.

The post Kraken exchange review – the best solution for your Bitcoins appeared first on The Diary of a Trader.

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aubreytownsend · 6 years ago

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Kraken exchange review – the best solution for your Bitcoins

Kraken exchange review – what is it and how does it work? Learn why is it unique

Kraken exchange review – a guide for cryptocurrency market.

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Kraken exchange review – the best solution for your Bitcoins published first on http://thediaryofatrader.com/

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thediaryofatrader · 6 years ago

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Kraken exchange review – the best solution for your Bitcoins

Kraken exchange review – what is it and how does it work? Learn why is it unique

Kraken exchange review – a guide for cryptocurrency market.

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SIM Swapping Becomes Increasingly Popular in California, Police Make It “High Priority”

On November 7, a security news and investigation blog KrebsOnSecurity published an interview with REACT Task Force, a California-based law enforcement group dedicated to fighting cybercrime.

As per the article, members of REACT consider “SIM swapping” one of its “highest priorities” in a bid to fight cryptocurrency fraud. Here is how fraudsters use 99 cent SIM cards bought off eBay to steal millions worth of crypto with just one call.

“SIM swapping”: what is it?

SIM swapping is the process of making a telecom provider like, say, T-Mobile, transfer the victim’s phone number to a SIM card held by the attacker — usually bought off of eBay and plugged into a “burner” phone, as Samy Tarazi, a sergeant at the Santa Clara County Sheriff’s office and a REACT supervisor, told KrebsOnSecurity:

“We’re talking about kids aged mainly between 19 and 22 being able to steal millions of dollars in cryptocurrencies […] we’re now dealing with someone who buys a 99 cent SIM card off eBay, plugs it into a cheap burner phone, makes a call and steals millions of dollars. That’s pretty remarkable.”

According to the Motherboard investigation, SIM swapping “is relatively easy to pull off and has become widespread.” It also suggested that “hundreds of people across the US have had their cell phone number hijacked in this so-called ‘Port Out Scam.’”

Indeed, in California, where the REACT team is based, SIM swapping appears to be a new craze among crypto fraudsters. Tarazi told KrebsonSecurity:

“It’s probably REACT’s highest priority at the moment, given that SIM swapping is actively happening to someone probably even as we speak right now.”

He added, however, that “there are only a few dozen individuals” responsible for committing those crimes:

“For the amounts being stolen and the number of people being successful at taking it, the numbers are probably historic.”

So how exactly does having access to someone’s phone number help to steal crypto?

Once the hackers get access to the victim’s phone number, they use it to reset his or her passwords and break into their accounts, including email and accounts on cryptocurrency exchanges. Consequently, they get access to crypto funds stored on hot wallets.

The tactics employed by criminals to perform SIM swapping may vary. As per Motherboard, fraudsters often use the so-called “plugs”: telecom company insiders who get paid to do illegal swaps. An anonymous SIM hijacker told the publication:

“Everyone uses them […] When you tell someone [who works at a telecoms company] they can make money, they do it.”

A different anonymous source a the telecom provider Verizon told Motherboard that he had been approached via Reddit, where he was offered bribes in exchange for SIM swaps. Similarly, a T-mobile store manager was reportedly messaged by fraudsters on Instagram after posting a picture of himself and tagging it #T-mobile. He was told that he could make up to $1,000 per week for transferring customers’ phone numbers on new SIM cards.

Another Verizon employee claimed that the hacker, who also found him on Reddit, promised that they would make “$100,000 in a few months” if he would cooperate — all he had to do is “either activate the SIM cards for [the hacker] when [he was] at work or give [the attacker his] Employee ID and PIN.”

Indeed, Caleb Tuttle, a detective at the Santa Clara County District Attorney’s office, highlighted three common SIM swapping scenarios in an interview with KrebsOnSecurity:

The attacker bribes or threatens a mobile store employee into assisting in the crime;

Current and/or former mobile store employees intentionally abuse their access to customer data;

Mobile store employees trick unsuspecting associates at other branches into swapping a victim’s existing SIM card with a new one.

SIM-swapping allows thieves to bypass even two-factor authentication, especially if it involves SMS backup, as Wired points out. Detective Tuttle’s comment for KrebsOnSecurity seems to confirm this: he advises people to use something other than text messages for two-factor authentication on their email accounts. Specifically, he mentions the Authy mobile app or Google Authenticator as possible alternatives:

“Let’s say I have a Coinbase account and I have it set up to require a password and a one-time code generated by Authy, but my Gmail account tied to that Coinbase account doesn’t use Authy and just uses SMS for two-factor. Once I SIM swap that person, I can often also use that access to [request a link via text message] to reset his Gmail password, and then set up Authy on the Gmail account using my device. Now I have access to your Coinbase account and can effectively lock you out of both.”

Sergeant Tarazi also urges the public to recognize the potential danger of SMS-based two-factor authentication, although it has become a common security solution for online services.

“[…] most people who aren’t following the SIM swapping problem have no idea their phone and associated accounts can be taken over so easily. […] In this case, the victim didn’t download malware or fall for some stupid phishing email. They just end up getting compromised because they followed the industry standard.”

Who are the targets?

People who are active in the cryptocurrency community, mostly: they might work at cryptocurrency-related startups, participate as speakers at blockchain conferences, or discuss their crypto investments on social media.

REACT Lieutenant John Rose explains that it is much easier and safer for SIM swappers to steal crypto funds alone, even if they discover passwords for traditional bank accounts during the hack:

“Many SIM swap victims are understandably very scared at how much of their personal information has been exposed when these attacks occur. But [the attackers] are predominantly interested in targeting cryptocurrencies for the ease with which these funds can be laundered through online exchanges, and because the transactions can’t be reversed.”

The REACT team has participated in several cases involving SIM swapping at this point.

For instance, in early July 2018, Christian Ferri, CEO of San Francisco-based cryptocurrency firm BlockStar was hacked and reportedly lost $100,000 worth of cryptocurrencies as a result of SIM swap, according to KrebsOnSecurity.

Ferri was on a trip in Europe when he found out that his T-Mobile phone no longer had service — the hackers had allegedly broken into T-Mobile’s customer database and deactivated the SIM card in his phone. Instead, they activated a new one, which was plugged into their own device.

The thieves used control over his mobile number to change his Gmail account password. Then, they accessed a Google Drive document with Ferri’s credentials to other sites, including a cryptocurrency exchange. Despite having the possibility to steal more funds from Ferri, the thieves only targeted his crypto savings.

Interestingly, Ferri told KrebsOnSecurity that when he reached out to T-Mobile about the attack, the company informed him that the criminal had entered a T-Mobile store and showed a fake ID in Ferri’s name.

However, when the REACT team studied video surveillance footage from the date and time of his SIM swap, it allegedly showed no evidence of anyone entering the store to present a fake ID. Ferri argues that the T-Mobile’s explanation of the incident “was a misunderstanding at best, and more likely a cover-up at some level.”

Police step in: arrests are being made

The first reported case against someone who allegedly used SIM swapping surfaced in late July 2018, when California police arrested a 20-year-old Joe Ortiz, who reportedly hacked around 40 victims with the help of still unidentified collaborators.

As Motherboard points out, Ortiz and his associates “specifically targeted people involved in the world of cryptocurrency and blockchain,” allegedly hacking several people during the Consensus conference in New York in May.

The hacker is now facing 28 charges: 13 counts of identity theft, 13 counts of hacking, and two counts of grand theft, according to the complaint filed against him. Ortiz has reportedly told investigators that he and his “co-conspirators” have access to “millions of dollars in cryptocurrency,” as per the statement filed in court by the chief investigator.

Next month, in August, police in California arrested another alleged SIM swapper, a 19-year old Xzavyer Narvaez. Narvaez is accused of seven counts of computer crimes, identity fraud, and grand theft, according to the complaint.

Before getting arrested, Narvaez reportedly managed to spend some of the stolen Bitcoin on sports cars. After studying DMV records, the police found that he bought a 2018 McLaren paying partly in Bitcoin and partly by trading-in a 2012 Audi R8, which Narvaez purchased with Bitcoin in June 2017.

According to court documents, the law enforcement also obtained data from Bitcoin payment provider BitPay, and cryptocurrency exchanges Bittrex. It revealed that between March 12, and July 12 of 2018, Narvaez’s account had managed 157 Bitcoin (now worth about $1 million).

A separate investigation overseen by REACT resulted in two men getting arrested in Oklahoma. Fletcher Robert Childers, 23, and Joseph Harris, 21, were accused of stealing $14 million from a San Jose-headquartered cryptocurrency company Crowd Machine via SIM swaps.

As per Etherscan, around 1 billion tokens were transferred from Crowd Machine wallet to exchanges on September 22 — and the token price tanked, losing around 87% of its price over the night, as data obtained from CoinMarketCap.com shows.

Crowd Machine Founder and CEO Craig Sproule confirmed that the hack took place and two suspects were arrested to Oklahoma News 4, but declined to provide any additional details to the media, citing the ongoing investigation.

Special Agent in Charge, Ken Valentine, provided more details regarding the incident, discussing the nature of SIM swaps:

“If (a suspect) targeted the right person who has the cryptocurrency on that phone, well then you have immediate access to that. With two-factor authentication they have the account number for the cryptocurrency and can receive authentication messages on the swapped cell phone.”

“Like a hotel giving a thief with a fake ID a room key:” Legal precedent in SIM swapping

In a separate high profile SIM swapping case, on August 15, Puerto Rico-based entrepreneur and CEO of TransformGroup, Michael Terpin, filed a $224 million lawsuit against AT&T. He believes that the telecom giant had provided hackers with access to his phone number, which led to a major crypto heist. That could be a legal precedent for SIM swapping, where the victim sues their telecom provider for allowing hackers to take over their phone number.

Terpin claims that he lost $24 million worth of cryptocurrencies as a result of two hacks that occured over the course of seven months: The 69-page complaint mentions two seperate episodes, dated June 11, 2017 and Jan. 7, 2018. In both cases, as per the document, AT&T, failed to protect Terpin’s digital identity.

First, in the summer of 2017, the entrepreneur found out that his AT&T number had been hacked when his phone suddenly went dead, according to the complaint. He then learned from AT&T that his password had been changed remotely “after 11 attempts in AT&T stores had failed.”

After gaining access to Terpin’s phone, the attackers used his personal information to break into his accounts that use telephone numbers as a means of verification, including his “cryptocurrency accounts.” The hackers also reportedly hijacked Terpin’s Skype account to impersonate him and convince one of his clients to send them cryptocurrency.

AT&T reportedly cut off access to the hackers only after they managed to steal “substantial funds” from Terpin. The document also states that after the incident, on June 13, 2017, Terpin met with AT&T representatives to discuss the attack and was promised that his account would be moved to a “higher security level” with “special protection.”

Nevertheless, half a year later, on Jan. 7, 2018, Terpin’s phone reportedly turned off again because of another attack. The complaint claims that “an employee in an AT&T store cooperated with an imposter committing SIM swap fraud,” despite extra security measures being taken back in June 2017.

The thieves allegedly stole about $24 million worth of cryptocurrency during the second attack, even though he tried to contact AT&T “instantly” after his phone stopped working. AT&T allegedly “ignored” his request. The plaintiff complaint argues that Terpin’s wife also tried calling AT&T at the time, but was put on “endless hold” when she asked to be connected to AT&T’s fraud department.

“What AT&T did was like a hotel giving a thief with a fake ID a room key and a key to the room safe to steal jewelry in the safe from the rightful owner,” the complaint stated, emphasizing the potential scale of port out scams, as well as telecom providers’ responsibility.

“AT&T is doing nothing to protect its almost 140 million customers from SIM card fraud.”

Meanwhile, law enforcement has started paying extra attention to SIM swapping, as above mentioned incidents in California show. REACT commander John Rose ambitiously stated:

“REACT isn’t going to stop the SIM swapping investigation until SIM swapping stops. If it’s gonna take us arresting every SIM swapper in United States.”

source: https://ift.tt/2PGEqn6

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