Binance Inches Closer To Overtaking BitMEX In Bitcoin ...

Weekly Update: The Parachute culture, $COTI on Gate.io, Pynk crowdfunding campaign live, Voyager + Sterling Trading Tech…– 22 May - 28 May'20

Weekly Update: The Parachute culture, $COTI on Gate.io, Pynk crowdfunding campaign live, Voyager + Sterling Trading Tech…– 22 May - 28 May'20
Heyo! Continuing with our six-part catch up series to get up to date on the May and June news from Parachute and partners, here’s Part II of VI (22 May - 28 May'20):

If you're in crypto, there's often the random pump/moon/wenBinance talk that props up from time to time in groups. Especially, when someone new joins a project and is unfamiliar with the community culture. At Parachute, we have always made it a point to have more meaningful discussions than price. Cap shared some of his thoughts on this as well. For the #culturalweekend prompt this week, Jason got Parachuters to share about “something weird your family does that is a tradition for them but not a traditional tradition”. Peace Love’s Big Trivia in TTR was quite fun as always. The beta testing group for ParJar swaps was set up this week. Also, Chris organised something amazing this week which will possibly remain a secret amongst Parachute admins (and Doc Vic 😊 ). But if word of it ever goes out, you’ll realise why Parachute is the most wholesome project in all of crypto. Chris also gave out some cool $PAR to folks in the Parachute channel to talk about "something that you didn't spend much money on that had a big impact on your quality of life". This week's Two-for-Tuesday featured music from "female artists, including bands with at least one female member". Click here for the playlist. Thanks Sebastian!
Some good cheer from Alexis all the way from Germany
aXpire’s May recap video covers product updates from Bilr, PayBX etc. To track this week’s 20k $AXPR burn, click here. The team also shared success strategies for law firms. 2gether co-founder Salvador Casquero wrote about best security practices in finance. A new update was pushed to Wednesday Coin’s dApp, WednesdayClub. In this week’s XIO discussions, Citizens talked about ideal time allocation strategies for research and execution. Top Citizens on the Leaderboard stand a chance to win some cool merch. Also, watch out for pesky scams. Voyager announced a partnership with Sterling Trading Tech to launch a crypto trading widget. Proactive Investors covered Voyager in its latest piece chronicling their growing user base. As mentioned in a previous update, CEO Stephen Ehrlich’s crypto investment webinar happened this week. Switch crew did a community AMA just before the $GHOST airdrop snapshot. The team expanded with new dev hires. In preparation for the $GHOST airdrop, ProBit completed its $VSF:$ESH swap and Stex announced support for $ESH/$GHOST airdrop. $ESH was listed on HitBTC and Changelly. Folks who guessed these exchanges correctly won some tokens as well. Founder Josh Case sat down with Mr. Backwards for an interview. Among several updates to the Ghost website, a staking calculator was added. Click here to read the latest technical update from Fantom. $FTM was in the running to be added as a collateral for DAI. Congratulations to Uptrennd for becoming the highest ranked blockchain-based social media platform as per Alexa. They started a SmartLink campaign with 2key Network. The first Uptrennd halvening went live this week. The team is reachable on Discord from now as well. District0x’s latest District Weekly and Dev Updates can be read here and here respectively. Hydro team shared their thoughts on how virtual cards for independent contractors (otherwise referred to as 1099 employees) could improve reimbursement practices. Entries for their Decentralization Ambassador program were opened this week.
These look great, XIO team
This is what is planned for the GHOST ecosystem currently
SelfKey compiled a master list of crypto lending platforms. The Loans Marketplace will feature many of these. Full transcript of the May 12th AMA was released. SelfKey advisor Edmund Lowell spoke at the BlockConf DIGITAL conference this week. Mongolian exchange AIS-X joined the Exchange Marketplace. Pynk’s crowdfunding campaign on Seedrs went live this week. Check out their campaign video here. Amazing production! Plus, this cool feature in City A.M. was the perfect way to close off the week. Wibson hosted a meetup (online of course!) for its Spanish speaking community this week. The crew also introduced the app at an Ethereum event in Buenos Aires. Harmony burned all mainnet tokens mined before Open Staking going public. The latest staking stats and validator data can be seen here and here respectively. That’s right, 3B+ $ONE is already staked. Woohoo! With its latest CoinDCX listing, $ONE got its first INR trading pair. Saweet! The major improvement proposals that were discussed with the community this week were making Open Staking more decentralized and creating a more liquid staking market. This led to the first release after Open Staking. The winners of the effective-median-stake contest were announced. Hope you got a chance to take part in the Flash Quiz. Do you know about all the projects that have been built in the Harmony ecosystem? Here’s a rundown. The team hosted an AMA as well. BitMax changed some of its rules for $ONE staking. Check out COTI’s latest network growth stats here. And super congratulations on winning the Gate.io listing vote! $COTI was also added to Binance’s Locked Savings staking program. Broking platform Troy Trade partnered with COTI to improve its scalability. DoYourTip’s $DYT now has 2500+ HODLers. Neat! Mycro was invited to join BitForex’s app platform CAPP Town. GET Protocol’s GUTS Tickets was covered in Cryptogeeks’ latest blogpost on blockchain-based ticketing.

And with that, it’s a wrap for this week in Parachute and partners! See you again with another update. Cheerio!
submitted by abhijoysarkar to ParachuteToken [link] [comments]

BitMax Weekly Roundup

One-minute Digest on Us and Market
July 18 — July 24, 2020
Market Watch
Platform Update
Latest Listing
July 20th — Solana (SOL) listed under the trading pair of SOL/USDT.
Founded by former Qualcomm, Intel, and Dropbox engineers in late-2017, Solana is a single-chain, delegated-Proof-of-Stake protocol whose focus is on delivering scalability without sacrificing decentralization or security. Solana’s mission is to support all high-growth and high-frequency blockchain applications, and to democratize the world’s financial systems.
July 24th — Swingby (SWINGBY) made its market debut under the trading pair of SWINGBY/USDT.
Swingby is a decentralized cross-chain swap protocol for moving assets between blockchains. It builds trustless bridges between BTC, Ethereum, Binance Chain and other blockchains secured by a network of node groups that facilitates fast inter-blockchain swaps based on Threshold Signature Cryptography (TSS) and Multi-Party Computing (MPC) technology.
DeFi Project Highlights
  1. Swingby (SWINGBY): “8,000,000 SWING Up for Auction” successfully concluded; SWINGBY Auction Carnival is still going on. Register and trade to share 400,000 SWINGBY welcome rewards; Take action and complete tasks to share 300,000 SWINGBY airdrop rewards.
  2. 3-Month Orion Protocol (ORN) Pre-Staking Program: 39% Est. APR for the first month.
  3. 3-Month XDai (STAKE) Pre-Staking Program & Additional Incentive Program: 36.4% Est. Annualized Return; Stake XTZ/ATOM/KAVA in addition to STAKE for a chance to win Pre-Staking Sweepstake Draw and earn 5 x the staking rewards.
What’s Upcoming
  1. Develop Isolated Margin Mode for Futures Trading
  2. Display of Project Introduction on Trading Pages for PC and APP
Note: Please refer to announcement on bitmax.io official website for further details.
submitted by o2ziga to BitMax [link] [comments]

Stablecoin War Intensifies As Huobi Issues $1,3 Million HUSD

Stablecoin War Intensifies As Huobi Issues $1,3 Million HUSD

Stablecoin Issuers Are Battling For Larger Market Share, While Tether Remains Stablecoin Leader
The race between stablecoin projects takes another step towards increasing competition, as crypto exchange Huobi minted a new batch of 1,3 million USD-backed HUSD tokens. Crypto exchanges like Binance and Huobi are also joining the race with their own stablecoin projects – the BinanceUSD (BUSD), and HuobiUSD (HUSD).
Despite a slow start, crypto exchange-issued stablecoins are increasing in popularity, with Binance making several increases of the total supply in circulation for its BUSD projects in 2020 alone. In early February, Binance issued five million BUSD tokens, in cooperation with PAX Treasury. Just a week after the 5 million BUSD issuance, a new batch of 10 million BUSD tokens entered into circulation. However, Binance is no more a lone warrior in the field of exchange-issued stablecoins, as Huobi also makes a turn towards entering the stablecoin war.
Huobi’s HUSD project was аnnounced in late 2018 when the entire crypto sector was in a bearish state. HUSD didn’t get much traction in 2019 and fell off the radar for stablecoin users. However, now Huobi seems to be reviving the project, putting in fresh HUSD tokens into circulation.
Firstly, at the beginning of February, Huobi issued five million HUSD tokens, divided into three batches of around 1,7 million tokens per batch. Crypto watchdog Whale Alert announced the news. Whale alert also noted that another batch of 1,3 million HUSD tokens entered into circulation on February 27th.
Despite Huobi and Binance jumping into the stablecoin race, Tether still dominates stablecoin transactions. Tether records $60-70 billion in daily trading volumes, while the world’s biggest cryptocurrency based on market capitalization, Bitcoin, recorded $10-15 billion less trading volumes.
One of the most vital selling points of Tether is that the stablecoin is primarily used to enter the crypto sector and buy leading cryptocurrencies, such as Bitcoin, later. Crypto experts tied Tether’s behavior directly to Bitcoin’s price, as Tether’s minting process impacts Bitcoin’s market valuation.
The stablecoin war may also be provoked by Facebook’s plans of launching a native to the social media stablecoin, backed by a basket of currencies. The Libra project, however, caused real regulatory havoc. Furthermore, Telegram’s GRAM token would see further delays due to the continuing federal case, accusing Telegram of an illegal securities offering.
Central banks also showed interest in fiat-pegged digital currencies, with China and Sweden making moves toward issuing Central Bank Digital Currencies (CBDCs). China, for example, wants to tie its digital currency to the price of the traditional Renminbi, with plans to digitize China’s economy entirely.
Meanwhile, exchange-issued tokens and stablecoins marked the most significant price increases since the start of 2020. BitMax Token’s (BTMX) price jumped with 34,8%, while Binance Coin (BNB) managed to record a 31,39% price increase. Huobi’s native token – HT, marked a 25% increase.
submitted by Crypto_Browser to CryptoBrowser_EN [link] [comments]

Asia’s Leading Exchanges Team Up Amid Chinese Fcoin Closure

Asia’s Leading Exchanges Team Up Amid Chinese Fcoin Closure

Experts predict further increase in the merge-and-acquisition (M&A) deals in 2020
One of the leading crypto exchanges in South Korea – Bithumb, announced that the company enters into a pivotal cooperation with BitMax, a Singapore-based digital asset trading platform. The joint forces will concentrate on the development of new services and products to expand the global presence for both Bithumb and Bitmax.
The signed on February 17, 2020, Memorandum of Understanding (MoU) between the two companies comes amid extensive competition in the crypto exchange sector. The main goal of the MoU is to battle the competition with the launch of jointly developed services and products. Bithumb and BitMax would share knowledge and technical expertise in the fields of blockchain and IT infrastructure.
George Cao, CEO of Bitmax, commented on the news about the partnership, stating that “product innovations have always been in the core of our institutional trading platform.”
“We are excited about the new partnership, as now we can combine our know-how and technical infrastructure with Bithumb’s deep understanding of the crypto business. We will work side-by-side to create products and services, operable across the ecosystem of both companies”, Cao added.
BitMax, despite founded in 2018, gathered a strong team of Wall Street veterans, including people with prior experience for Bloomberg, Goldman Sachs, Deutsche Bank, and Gemini. Even Greg Cao is the former CIO of Delpha Capital Management.
Bithumb relies on the expertise level of the people at BitMax to further improve its products. BitMax, on the other hand, is one of the top-10 global market players, based on liquidity. The cooperation would enhance Bithumb’s security, as the exchange suffered from at least three hacks during its lifetime.
The partnership comes amid Chinese crypto exchange FCoin shutting down operations, leaving $125 million worth of cryptocurrencies away from its clients. According to Zhang Jian, the founder of FCoin, the company may not pay its users around 13,000 Bitcoin. Despite Jian reassuring clients that the shutdown of the operation is not an exit scam, crypto experts are on the opposite opinion.
Zhang announced that the shutdown is a consequence of a series of data errors, and that “the problem is hard to explain with plain words.”
FCoin is a rather new exchange – it started operations in May 2019. FCoin quickly became a news sensation, reporting record-breaking trading volumes with its innovative “transaction mining” business model. However, several crypto enthusiasts reported that the trading volumes are not real. Some users even accused FCoin of using bots, which “manipulate” prices.
Signals for fraudulent behavior started from the get-go since FCoin distributed half of its native tokens without airdrops or an ICO campaign. Changpeng Zhao, Binance’s CEO, even called FCoin a Ponzi scheme, stating that “FCoin’s founder apparently found a better invention than Bitcoin. However, the large number of data-derived problems that we noticed, as well as dividend and mining returns, would not result in any good.”
During the shutdown, FCoin utilized its risk-control account, further increasing the speculation about FCoin committing and exit scam scenario. However, Zhang wrote that he, personally, would reply to everyone, seeking to withdraw funds. Zhang even mentioned a compensation mechanism from his other projects, but as of press time, there is no evidence of the existence of such businesses.
submitted by Crypto_Browser to CryptoBrowser_EN [link] [comments]

Atomic Wallet Coin is SHOCKINGLY Undervalued ~750k Market Cap


Hey, /cryptomoonshots! Its my first post here (woo!)

I’ve been lucky enough to have found QNT and LTO from this subreddit. I’ve found a third project that looks extremely interesting and I’d like to share my research here. My background is in digital marketing and this project stood out to me, especially from a marketing and biz dev perspective, which I’ll share below.

Feel free to correct the record if I’ve posted anything incorrect and I will update it (I’m a human being, I make mistakes, okay!) Additionally, the CEO is constantly answering questions on Telegram!

The project is Atomic Wallet Coin. $AWC



TL;DR IS AT THE BOTTOM. ALWAYS DYOR. NOT FINANCIAL ADVICE.

WHAT IS ATOMIC WALLET?

Atomic Wallet is a non custodial crypto wallet for desktop and mobile. Users can exchange and buy 300+ cryptocurrencies from a single interface. The wallet can perform cross-chain atomic swaps.

It’s an exchange built into a wallet.

Shapeshift and Changelly are partnered with Atomic to add additional currency swap pairs + fair rates. Fiat/crypto gateway is supported directly through the app.

Atomic has over 40,000 monthly active users and boasts 150k+ downloads.

The project is one of the first to migrate over to Binance chain. They are currently in the process of getting listed on Binance DEX. Half of their supply will remain ERC-20 and the other half migrated to BEP-2.
https://twitter.com/cz_binance/status/1119047237076541440
https://twitter.com/atomicwallet/status/1119242545706434560
https://github.com/Atomicwallet
http://atomicwallet.io

20 FULL TIME EMPLOYEES AND CEO WITH PREVIOUS TRACK RECORD

Konstantin Gladych self funded Atomic Wallet with his own funds. He previously was the CEO and co-founder of Changelly, a fully compliant crypto exchange service which has been around since 2013 and has serviced over 2 million users across the world.

“Changelly's trading algorithms are integrated into large and reputable trading platforms, such as Binance, Bittrex, Poloniex and HitBTC” - Wikipedia

Konstantin holds a PhD in data science/machine learning and left his CEO position at Changelly to develop Atomic Wallet full time.

The team currently consists of 20 full-time employees - 6 developers, 7 support and community managers, 6 marketing and business development, and 1 designer.

https://linkedin.com/in/gladkos
https://en.wikipedia.org/wiki/Changelly
https://www.crunchbase.com/person/konstantin-gladych
https://community.binance.org/t/proposal-for-listing-atomic-wallet-token-awc-on-binance-dex/2093

APPROVED WALLET BY NEO FOUNDATION, ZCASH, GEMINI, LISK, AND OTHERS

Atomic Wallet is trusted by many household names in crypto. This does NOT mean Atomic is “partnered” with these companies, however it adds massive credibility to AWC considering they trust it enough to add it as a recommended wallet on their websites.

Take a look for yourself:

https://neo.org/client
https://z.cash/upgrade/sapling/
https://gemini.com/dolla
https://twitter.com/LiskHQ/status/1121357080173133824

95,000+ UNIQUE VISITORS PER MONTH TO ATOMICWALLET.IO


traffic statistics for atomicwallet.io [pic]

Atomic Wallet has an A+ marketing team.

Here’s a quick snapshot of how well atomicwallet.io is performing (see above). They’ve gone from 0 to 95k unique visitors per month in well under one year. Purely from Google search traffic. This doesn’t include traffic from Twitter, Facebook, and other sources. It also was during the worst bear market in crypto history, when these search terms would be at a low.

Let’s see how Atomic Wallet measures up against some well-known sites:

myetherwallet.com 802k/mo
Ripple.com 580k/mo
Ledger.com 401k/mo
Exodus.io 172k/mo
Coinmama.com 165k/mo
Shapeshift.io 149k/mo
Electrum.org 125k/mo
Atomicwallet.io 95k/mo
Freewallet.org 70.9k/mo
Trustwallet.com (Binance owned) 24k/mo

Atomic Wallet has virtually caught up to or exceeded many of it’s competitors in terms of traffic in well under a year. Turning this traffic into downloads/new users is child’s play. It’s one of the reasons this company with 20+ employees is already profitable in just a few short months.

So, how is this site getting so many visitors?

Here are a few search terms that Atomicwallet.io ranks on page 1 for on Google.

Open up a new tab, visit Google.com and see for yourself!

“EOS wallet”
“ETH wallet”
“BNB wallet”
“Buy Bitcoin”
“Ethereum wallet”
“XRP wallet”
“Ripple wallet”
“DASH wallet”

+27,100+ additional search terms that bring in a total of 94,700 visitors per month. Purely. from. Google. Search.

traffic statistics for atomicwallet.io [pic]

$AWC TOKENOMICS

Atomic’s website does a thorough job of explaining the tokenomic details of the $AWC coin. The tokenomics mirror the standard use-cases you would expect from an exchange token (Bibox, KCS, etc.) The CEO recently expressed his interest in adding staking rewards for AWC holders. He is also exploring the idea of having IEO-type listings for Atomic Wallet users/holders in the future. New projects could theoretically debut directly on their platform and be traded against $AWC, similar to how Bitmax runs IEOs.

Currently, 90% of the circulating supply is locked up and Konstantin has announced his intention to buy back and burn tokens with company profits.

Here are a few of the use cases for $AWC:

The team is looking to make $AWC directly tradeable from the app in the future.

With thousands of new Atomic Wallet users per month, this is an incredibly exciting feature.

https://atomicwallet.io/token

FINAL THOUGHTS

Atomic Wallet will grow to an active user base in the millions. Every crypto holder needs a wallet. Atomic provides a user-friendly wallet for newbies getting their feet wet in crypto. Most newbs aren’t going out and buying a LedgeTrezor right away. Building an exchange directly into the wallet provides a safe and easy way to trade crypto assets.

The number of cryptocurrency users and addresses are growing exponentially. Atomic wallet was created during the bear market. They are perfectly positioned to take a massive share of the increasingly competitive crypto wallet market during a bull market/alt coin season.

In my opinion, they’re on track to be the #1 desktop/mobile multi-crypto wallet.

As someone who is experienced in search engine/digital marketing, these guys have an ace marketing team. Even beating or ranking just below Coinbase for many competitive Google search terms in just a few short months.

I have zero doubts that they will blow past every single one of their roadmap goals, especially as Bitcoin continues to climb in value and more people start buying crypto.

Despite short term fluctuations in price, Atomic will continue to onboard thousands of new users every single month. The traffic numbers don’t lie. The Google search rankings don’t lie. Atomic will need to be wise about how they monetize this traffic.

The company is already profitable. The CEO is well connected and has proved he is highly competent in creating and successfully running a crypto exchange.

I have a lot more info to share about this project if there is interest, I’ll post a part 2 or a follow-up in the comments.

A profitable company of this caliber with 20 full-time employees isn’t justified at a ~$750k market cap.

https://atomicwallet.io/roadmap-for-2019
https://medium.com/@mccannatron/12-graphs-that-show-just-how-early-the-cryptocurrency-market-is-653a4b8b2720

ADDITIONAL LINKS AND FURTHER READING

  1. https://atomicwallet.io/
  2. https://twitter.com/atomicwallet
  3. https://t.me/atomicwalletchat
  4. https://github.com/Atomicwallet
  5. https://www.coinbureau.com/review/atomic-wallet/
  6. https://community.binance.org/t/proposal-for-listing-atomic-wallet-token-awc-on-binance-dex/2093

TL;DR


Currently at 750k market cap

2.7MM market cap is a 3.6x from here.
5M market cap is a 6.6x from here.
8MM market cap is a 10.6x from here.

DYOR.

submitted by key_mnk_ to CryptoMoonShots [link] [comments]

▶ WHY BIX TOKEN WORTH 20$ - AND ALSO IS THE BEST CRYPTO EXCHANGE TOKEN 📈

Hi peeps ! 😀
I Just talked with Big Investors about Exchange Token. Bibox are very VERY interesting right now !
No doubt Exchange token are still undervalued and became the new hype for the following months ! So Ride the wave 📈
We talked about Bibox, KuCoin, Binance, Huobi, Bitmax etc... but only Bibox has all the green flags we wanted to fully support and invest big capital ! No worry we love Binance too but we look MarketCap and undervalued exchange token with great potential first 💰

Here all the reasons why we're thinking Bibox will x100 (yes x100) from now the coming weeks/months :

#1 - UNDERVALUED MARKETCAP NOW 🎁

So as you can see, BIX has more way to grow than any of its exchange tokens competitors like KuCoin and Huobi. Bibox is a top 5 Exchange with the #1 EOS volume on exchanges.
More BNB marketcap will grow, More BIX will grow more too ! that's near x100 BIX price GUYS !

#2 - BIX HAS LOT OF UTILITIES ✅


#3 - BIX BUY-BACK & BURN 🔥


#4 - NEW BIX LOCK FUNCTION 2019 🤑


#5 - BIX DIVIDEND REWARD ROI 📈


#6 - BIX WHALES & COMMUNITY 🤖


#7 - ARIES WANG - Bibox CEO 💪


#8 - BIBOX IS MORE RATED THAN BINANCE, BITTREX, KRAKEN, KUCOIN, ETC... ✋


#9 - SAVE YOUR HEALTH ! SAVE YOUR TIME ! SAVE YOUR MONEY ! ☕


#10 - BIBOX IS LISTENING BIX HODLERS 👂


#BONUS - COOL FEATURES ARE COMING 🌎



Thanks for reading my post, don't hesitate to join the official Bibox Telegram and the Bibox Hodler group to know more about the project and ask some questions, we will be here to help you 💪 Gz to all of you who read this post & enjoy the ride 🌕

Official Bibox Telegram : https://t.me/biboxglobal
Bibox Hodler Group : https://t.me/biboxhodlers
submitted by aurelien_beranger to Bibox [link] [comments]

BitMax.io & Lambda Joint AMA

BitMax.io & Lambda Joint AMA
George Cao :Let’s welcome lambda team . Xiaoyang and Lucy
Lambda: Hello friends from BitMax ~~ I am Lucy Wang, Co-founder and CMO of Lambda. I am very happy to e-meet with you here and thx for George's invitation. I on behalf of Lambda wish all of you a merry Christmas and prosperous new year in 2019
George Cao: Great. I am a bit surprised to see a big volume day yesterday Christmas. Seems our users didn’t take a break even on holidays :)
Lambda: I'd like to take this opportunity to introduce myself first, I have over 14 years of progressive career development with global leading enterprise software / service organizations as well as VC-backed start-up ventures, including HP, Oracle, and SAP. Before Lambda I was CMO/GM at two enterprise SaaS start ups in China backed by top VCs.
And my partner Mr. He Xiaoyang, who is the founder of Lambda, he is a well-known expert in infrastructure and open source software in China. Prior to Lambda, he was the co-founder of OneAPM, a fast-growing infrastructure software focusing on ITOM (IT operation management) in China. OneAPM is known as the “New Relic or AppDynamics of China” and the company has received strong VC backing from Matrix Partners, Chengwei Capital, and Qiming Venture. Prior to his entrepreneur experiences, Mr. HE worked at BEA as a R&D software engineer. In addition, Mr. HE is also a blogger with strong following in China and some of his articles have been published by major media such as Forbes China, 36Kr, Sina, etc.
Lambda idea was born at the end of year 2017 and the product development started from the beginning of 2018. Now let me talk about Lambda idea and what we do
Lambda, is the leading decentralized infrastructure project providing secure, reliable, and infinitely scalable decentralized storage network that enables data storage, data integrity check, security verification, and marketplace for storage-related services on the Lambda Chain Consensus Network.
In recent years, there have been frequent data leakage problems in major Internet platforms at home and abroad, and even business giants such as Facebook and Marriott have not been spared. Returning the value of data to data owners is an inevitable trend in line with human pursuit of freedom. The block-chain technology with P2P features provides an opportunity for this, and this area will be highly valued by the industry in the next few years. Lambda is the only provider of block-chain storage infrastructure projects in China. It is sometimes referred as “File-coin of China”or “File-coin 2.0”.our vision is to return the value of data to the data owner, with this vision in mind, our mission is to promote the decentralization of the Internet, with the goal of creating a storage infrastructure for the next generation of block-chain.
After the Lambda project launch in early 2018, it has received strong support by well-known strategic and financial investors including Bitmain, Viking Capital, FBG Capital, Bluehills, Zhen Fund, FunCity Capital, Ceyuan Digital Fund, BlockVC, INBlockChain, DATA Foundation, Bitcoin World, Reflextion Capital, etc. To date, Lambda has received investment funding in excess of $10M.

https://preview.redd.it/ynaos7rps2721.png?width=1267&format=png&auto=webp&s=77360b7cdf06c288e8c25675f94f5fb9d3d02137
n all the existing decentralized storage projects that are aiming to give a solution to this problem worldwide, Lambda is the first ever to announce its LPDP ( Lambda Provable Data Possession )
George Cao: I see we share several investors in common, So 2019 q1-q2 will be a big milestone for lambda
Lambda: Provable Data Possession (PDP) and Proofs of Retrievability (POR) are critical to efficient decentralized data storage and its implementation, which is the essential difference between centralized network projects and real decentralized storage. Prior to Inter-planetary
File System (IPFS), Lambda launched its minimum viable product (MVP) of core functions in the third quarter of 2018, and has been continuously upgrading and optimizing this in block-chains in a multi-role environment.
File-coin is our main competitor, here is a chart shows the progress comparison FYI

https://preview.redd.it/ewmyh9tqs2721.png?width=1267&format=png&auto=webp&s=cddc52a6d613196f6c0cbf870da42a5b82a8aaa6
For those who have interest to know more about Lambda's technical innovations, they can be find in our keep updating FAQ document posted on Medium, and I copied her FYI
1.Innovatively designed the Validator role which provides verification service for storage proof and the Validator replaces storage miner as the full-time storage proof result verifier, this greatly improves the performance of the storage and retrieval system.
2.In response to the limitations of the PDP algorithm, Lambda innovatively created a consensus network on the block-chain and used the validators role to replace the "TPA" in the PDP algorithm.
3.Innovatively modified the PDP algorithm from synchronous to asynchronous communication, which greatly reduces the communication traffic for Challenge in the system. Use of chain data as a random seed for storage miners to issue Challenge themselves addresses the randomness of TPA challenges.
4.Innovatively upgraded the PDP algorithm from periodic verification to a verification set generated by the miners to submit the verification result at one time, and fully realize the Proof-Of-Space-Time verification.
on top of all the technical, Lambda creates a consensus network where data can be stored, storage space can be rented on the basis of a marketplace built on block-chain.
In the Marketplace, the transaction process is: storage miners pledge hard disk sectors to the consensus network, and place orders and sell their own storage space in the Marketplace; storage users initiate purchase requests, complete the matching of storage requests through the Marketplace, and store data in the space of the storage miners.
Different from other block-chain applications, Lambda is a storage mining project, we have miners mine on Lambda network. Earn LAMB tokens by contributing on the network, and users who have data storing requirements pay Lamb tokens to purchase services accordingly.
The price of Lamb token not only rely on the exchanges but also supported by our miners who are doing works on the network.
There are four roles in the Lambda mining network: storage miners (providers of storage space), verification miners (ensuring the integrity and security of data and packaging transactions), retrieval miners (providing download bandwidth), and users (storage buyers). 1024 verification miners promoted from storage miners constitute the Lambda-chain consensus network. So you will see three types of miners serve our users from all over the world.
The key milestones we are looking at is the launch of test-net, where miners can start mining and earn testing Lamb tokens, the date will be around end of Jan. 2019 and main network will go live in Q2, 2019, most likely in Apr.
Regarding our partnership, In the academic field, we have established a strategic partnership with Beijing Institute of Technology (BIT), which is well known in China for its engineering and computer science research programs, to conduct research into centralized storage.
In the commercial field, Lambda has established a strategic collaboration with IOST, a well-known public blockchain project, and Perlin, a super computing platform, and started to conduct pilot projects for decentralized application (DAPP) companies such as DATA and BCV. Lambda also has close ties to many leading Internet data centers (IDCs) in China. They join the Lambda network as miners and take advantage of their surplus server capacity to engage in the Lambda network ecology.
Q: Will the rest of the code be open sourced? If so when ?
Lambda: we have released the codes of core function module, the test net codes will be released gradually in Jan. pls stay tuned with our official github
Q: What can Lamb tokens be used for?
Lambda: Lambs are tokens in the Lambda ecosystem, which are mainly used in the following scenarios:
A. Users of services in the Lambda ecosystem have to pay with Lambda tokens.
B. Providers of storage services in the system have to pledge a certain number of tokens.
C. Verification nodes in the system have to pledge a certain number of tokens.
D. Verification nodes can obtain a certain number of tokens as accounting rewards.
E. Storage nodes get a certain number of tokens based on their storage capacity and their service level agreements (SLAs).
F. Other roles in the Lambda ecosystem can also obtain a certain number of tokens based on their contributions.
Q: What more incentives does miner gets to mine or rent storage on Lambda?
Lambda: every miner stars from storage miner on Lambda network, they get paid by providing storage space, when their business getting bigger, system will select the top 1024 storage miners and promote them to validator, who will get block generation rewards from system.
Q: how are the 1024 miners selected? Doesn't this become more centralised?
Lambda: we did a survey to the Chinese miners, they mainly fall into two groups, either are waiting FileCoin to go live with purchased mining machine idle at home or they are doing hard drive or graphic cards mining, which has a high requirement to the hardware standard. To mine on Lambda, you need a mining machine ( computer ) that has big storage space ( because the bigger the higher probability you'll be promoted to be a validator ) and the connection to the internet
Q: How much is initial supply?
Lambda: Lambda did two rounds of fund raising, private investors have a lock up terms of 2+4+4 meaning the first 20% of tokens will only be released 2 months listing on exchange. so on the day one listing till 2 months there will be only around 0.5% initial circulation, and after 2 months, 5% in total. in addition to that, as we are recruiting miners to join our network, actually ppl have been in a situation where they can't wait to mine on our testnet. with the mining mechanism we have, miners need to buy Lamb token to get their mining work started, because a certain amount of pledge need to be made
Q: What partnership will lambda and bitmax have in the future?
Lambda: We value the way BitMax doing things and care about projects, we feel like we found the right exchange to be listed, in particular an initial listing. we will work with BitMax and do some joint campaigns to boost the community
George: We have great chemistry with lambda team.
Q: And are you still primary list in there, I heard the list was delay? Is it related to Huobi?
Lambda: you are right, it is related to Huobi, but one thing you can be assured of is that our initial listing on BitMax wont change, but most likely a joint listing with Huobi.
Q: what about the time of primary list?
Lambda: we will primarily list very soon, we are targeting end of this week, now we are in the middle of some technical integration with Huobi
George: We can assure everyone that our team will do our best to protect our investors and serve our listing projects. The promise does not change whether or not if we co-list with huobi.
Q: We get reward to mine ? Any incentive? For testnet
Lambda: Yes, you have two ways obtain Lamb tokens, buy from exchange and earn more from mining, but firstly you have to buy Lamb on BitMax haha. Are you asking the reward from testnet by mining on it? yes, you will get test Lamb token, and they can be redeemed to Lamb token with a ratio that will be specified shortly. on Lambda official website www.lambda.im, we have whitepaper, besides that we also have economic whitepaper to explain how the lambda economic system runs, on Dec. 28 we will launch our yellow paper where we will demonstrate the detailed technical realization and all the parameter setting for mining on Lambda
Q: What are the implications if a miners rig goes offline or they decide to stop?
Lambda: If miners rig goes off, they will not get the reward from the corresponding generated block, if they do cheating there will be punishment from the system, and if they decide to quit, the pledge will be returned
Q: Lambda planning to have own FS?
Lambda: Yes, FS and consensus network is separate. validators and marketplace are on the consensus network, while Files are in the File System.
Q: Is Lambda GDPR friendly?
Lambda: yes, we are
Q: Hi can u explain what’s the requirements of decentralized data . Do You think big companies will like to use lambda services .... or it’s for medium level enterprises as big companies will go for their in house system with their reliable nodes ...
Lambda: this is a good question, from I seeing it, ppl call out the protection of privacy, it is a trend and it takes steps. Lambda has two big groups of prospects users, one is DAPPs, another is the general industries such as big data, AI, IoT, Games, Financial, etc, as long as they need massive data storage demand, Lambda has the opportunity, data storage is expensive, especially when we are talking about big data, a lot of companies will value the cost in this area very much. currently we have lighthouse customer like DATA, BCV, VVshare, in the very near future, a game that is developed by Lambda team will also go live on Lambda network. from the BD perspective, Lambda will create a satellite network ( you can take it as channel network ) to bring us customers, we have a few reaching out to us already
Q: Why suddenly launched on Huobi
George Cao: I believe lambda team has its own consideration. Projects esp in bear market are facing pressures from different parties. Investors users exchanges. Not everything is under projects control. What we can do as an exchange is to stand by our partners and fully support them down the road
Lambda: thx for the answer
Q: I think you have made a great choice working with bitmax. Bitmax have really helped push new
coins and their site in general with good PR, marketing and reward/airdrop promotions
Lambda: strongly agree with you
Q: GDPR has taken over the EU and the UK so that is very important
Lambda: you are right, so we see to be GDPR friendly, which is one of our differentiator from FileCoin
Q: Being GDPR friendly , European market is a go for lambda
Lambda: I have this plan to develop European market by having a Raspberry program, it is still in planning.
George Cao: Let’s take a last question and move to lambda community:) And as usual we will pick 3 best questions. We will send out 1000 800 and 500 btmx. @lambda do you want to pick 3 questions ?
Q: Recent partnerships are interesting , can you tell us about coming q1 2019 both in terms of technical and marketing developments ?
Lambda: from Marketing side, we are focusing on Chinese miners community and potential European market ( like I said still in construction ) Korean market is another, and US market to go along our compliance path, Lambda has been strictly abide by the regulations. from technical side, the most important task we are targeting is the main network launch as planned
George Cao: Thanks everyone for your time. It’s a great ama as usual. We do have the best community. We will pick 3 winners and we will announce here after we finish ama in lambda community
Lambda: thank you all for your time to participate the AMA, I had a great time with you, see you friends and have a nice day.
George Cao: Hello everyone, Merry Christmas:)
Lambda: Hello Lambdos. Today we have George, the founder of BitMax to join us for the AMA. Let's give him a warm welcome to do a introduction of BitMax
George Cao: I am George Cao, founder of bitmax. I am happy to take the opportunity to talk to everyone here. Thanks to the lambda team. Let me start with a brief introduction about us.
Bitmax.io (btmx.io) is an exchange founded by a group of Wall Street veterans. Unlike most projects, we are kinda of old :) core team are in their 30ish - 50ish. The 10 founding member have combined of 150 years of Wall st experience. I have 10+ yrs of high frequency trading experience therefore I know the trading system well. That’s why our match engine can handle 400k tps per second vs huobi 1000 tps. We want to build an exchange that is transparent, robust, and efficient. While our system is the best in class, we offer the lowest trading fees. We believe the current high commission will not sustain and we will see consolidating of the exchanges with better depth and liquidity and lower commission. We are happy to partner with lambda, one of the best projects in 2018. We are committed to serve the project and the community. Alright, I am ready to take questions. Anything you can ask, as tough as you want :)
Q: Haha nice platform.
George Cao: Thanks. We are young as a platform but we are working to deliver the best
Q: I see reverse mining is new , I used many other mining exchange but all have normal mining . How does reverse mining works?
George Cao: Reverse mining is an innovative approach that helps the exchange and the project in several ways. 1) the concept of reverse mining is by providing liquidity to the exchange, you get a rebate and deduct out tokens from your account of the same valued. You can think of a otc sell our. 2) the benefit is it removes lots of sell pressure from the secondary market. And provides a strong support for the token price. 3) it introduces lots of liquidity to the exchange and benefits all traders
Q: The BTMX used in reverse mining are locked forever?
George Cao: Yes so the total number of tokens are always reducing your
Q: I've really been enjoying using the bitmax exchange so far especially with the low fees and data usage rewards. Does the exchange plan to bring in a shorting function in the near future?
George Cao: Yes we will have margin and futures trading
Q: It was supposed to December right ?
George Cao: We postponed our margin to Jan. The reason is we want to be more careful on protecting margin call protections.
Q: Margin trading and futures is important for BTMX price to drive up
George Cao: Totally agree
Q: Does BitMax have any activities on New Year's Day?
George: We do have multiple promotional events. Including but not limited to airdrops. Please visit our website and stay tuned
Q: I saw the whitepaper of bitmax, can you talk more about your dividends the formula is really hard for me ?
George Cao: Sure 80% of our commission goes to our fee pool. 1/180 of the total pool will be distributed daily. As long as you are a token holder, the current rate we pay is over 100% annually
Q: Oh I see, so the dividends will be smooth, great idea.
George Cao: Yes unlike other mining exchanges have huge volatility on div we smooth our curve
Q: I've also heard there is a mobile app in the works, is this likely to be released in the near future?
George Cao: Almost done. Beta version is in testing
Q: What about the north American, will it be available in the future?
George Cao: We more cleared our legal path for fiat trading in us. Q1 2019 we will launch in the us
Q: Great news I think this will bring a big volume.
George Cao: Yes agree. Our team is excited as well
Q: With promotional Airdrops that require a certain amount of the BTMX token to be held such as The lamb one that has taken place on the exchange this week. Are tokens that are locked for data usage or in cards taken into account when balance screenshots are taken?
George Cao: Yes we will take that into account
Q: When will be the private sale tokens be released ?
George Cao: As soon as we mined 90m we will start to release
Q: So let me get this right .. you give us FREE BTC and ltc and even Lambda EVERYDAY if we hold BTMX and agree to share our data
George Cao: Free usdt btc eth
Q: Wow. In a bear market, Free btc is the best thing ever
George Cao: We share revenue with our users, 90% is usdt. Not sure if you like it:)
Q: also consider adding coins like ADA and few from top 30. People need more coins
George Cao: We are adding stellar and zcash soon
Q: I heard they are insured Unless we give password to someone hehe
George Cao: Yes we are using custodian service
Q: George are our funds SAFU with you? Exchange insurance? I would say it is With the industry giants backing this exchange
George Cao: Sequoia matrix bitmain fbg dhvc are our equity investors
Q: What’s to stop People dumping BTMX token after free btc Or stop capital investor dumping on retailer
George Cao: They get it every day. Why would they dump? All equity investors can not sell on secondary market. They can only to reverse mining
Q: Will margin allow reverse mining instead of normal mining?
George Cao: Not initially
Q: People do irrational things when btc moves Or whales dumping, I heard there was a lock up token or something. To stop this
George Cao: We required lock our tokens to get rewards. You can request to unlock at anytime but it takes 24 hours to process
Q: Binance is developing DEX any plans for BitMax ?
George Cao: Not anytime soon we have a looong to do:)
Q: It's good you have dex in mind , with improved scalability in future maybe bitmax can build good dex
George Cao: Agree
Q: Retail investors are important , George knows it haha
George Cao: We care most of retails
Q: It would help if they also burned or locked tokens up
George Cao: Yes we permanently locked
Q: Seems you have everything thought of.. but how about moving to Malta?
George Cao: We priority US. Once us is clear pretty much everywhere is clear
Q: Doesn’t any exchange cover US right now?
George Cao: Coinbase but they have 0 international coverage and 0 client service
Q: What sort of systems are in place for abnormal/suspicious activity on the exchange?
George Cao: We prohibit self trading. For unusual trading behavior we ban the account and as for explain in the first violation. For continued violations we permanently ban the account
Q: can we get a glimpse of mobile application ?
George Cao: There is a beta version you can use but we are keep improving
Q: What are the precautions taken to prevent wash trading ?
George Cao: We have pre trade and post trade checksums. E.g we don’t just scan one account. We check or related account
Q: Will market orders and stop-loss orders be available in the future?
George Cao: Yes we are working on it
Q: what do you think of lambda project and community
George Cao: Lambda is definitely one of the best projects this year. We have been working with lambda for months and have lots of respect ion for the team. Community is also great very well organized. I didn’t talk much but I joined lambda tele group for a while. Great interaction
Q: So the trading starts at 8 pm ETC?
George Cao: It’s postponed. Please stay tuned for announcements
Lambda: We will make announcement giving out time and new date.
Q: when please? It's also more professional to be able to give dates and respect them
Lambda Cao: we are working hard and aiming the date of Dec. 29, pls stay tuned, thank you
George: Unfortunately bitmax and lambda don’t have 100% control of the date and time. Huobi is holding the ball
Lambda: The listing dates have been postponed and we don't want to give out a random date. I request you to have patience and wait for official announcement
Lambda: we will try everything to protect retails interest
Q: Can’t let houbi just arrive late to the party?
Lambda: in the long run we may need Huobi to help us better protect us all
George Cao: We trust lambda team can make the best decision for all investors
Q: Have you been busy with listing recently? Anything else?
George Cao: We have been working 24 hours a day including Chris eve :) Listing and app and margin and lots of new improvements
Q: Why would we need huobi with bitmax on our side.
George Cao: Trust me we are as upset. However as an exchange our mission is to serve projects and investors. Please join us in fully supporting any decision lambda team made. We have 100% confidence in lambda
Q: Are you familiar with the REKTbot and SYSTEM OVERLOAD problems at bitmex
George Cao: Yes but still bitmex is the best place to trade future compare with okex
Q: Slap that Hayes fool when bitmax start margin and futures..
George Cao: Haha i don’t want to declare war with them. Let’s be a bit patient :)
Q: Could bitmax handle That volume and not system overload
George Cao: We are 100% confident
George Cao: Alright i have to run for another meeting. It’s been a great ama. Thanks everyone. For any trading related questions please contact our client support. We promise to get in touch in 5 mins 7/24. Thank you all!
Lambda: thank you for participation, have a nice day!
submitted by BitMax_Support to BitMax [link] [comments]

My first reccomendation: Hacken (HKN)

Hello fellow astronauts, I’ll begin with saying I’m a big fan of the channel, have been lurking here through several different reddit accounts. A bit of information about myself, I’ve been in crypto for the last few years, like many of us I made lots of money in the bull market and lost almost as much in the bear. I took a break for about 6 months and got involved with crypto again around new year. Since then I’ve been trawling the low caps as that is where the money is made in the bear market. Any of you that found qnt, chx or lto in time will agree with that. I myself was lucky enough to find LTO during the ico phase and then I bought more during the subsequent dip when it was released on bitmax.
Recently I rediscovered Hacken (hkn) which currently is sitting at below 1 million market cap. I will start with some pros and end with the cons. There is risk involved but we’re all here because we takes risks I assume. You can purchase it on Kucoin and IDEX.
https://hacken.io/
Hacken CyberSecurity Ecosystem: Hacken offers cutting-edge cybersecurity services to protect and grow your business in the digital age. It has six major services, these are:
  1. Security assessment
  2. Blockchain security
  3. Secure software development
  4. CER (certified exchange rating)
  5. Cyber School
  6. Hackit
All of these are interesting, but CER is probably my favourite use case (see more below).
Hacken is already a revenue generating company and has many clients under NDA and some of them have been revealed, Vechain, ambit and nucleus vision being one of the more high profile ones. They have also published revenue reports:
https://blog.hacken.io/hacken-report-spring-2018-aca36034e0a2
https://blog.hacken.io/summer-report-2018
https://cryptocoinspy.com/hacken-hkn-doubles-quarterly-revenue-amid-crypto-winte
Their most recent audit is expected to be published within the next few weeks.
They have several high profile partners including Fenbushi capital and Bitfury Crystal. The bitfury partnership has not been widely publicised at all. Here you can find the medium article by CER (which is part of Hacken)
https://blog.cer.live/product-updates/crystal-partnership/
This article was retweeted by Bitfury. You can check out some details on bitfury here:
https://www.forbes.com/companies/bitfury/#10a1a2651a48
https://www.coindesk.com/think-bitcoin-small-business-bitfury-making-almost-100-million-annually
Bitfury Crystal is part of Bitfury and it will be working together with CER to authenticate and certify exchanges. If you look in the summer revenue report you will see a tweet from CZ of binance, commending the CER team. Also it is worth noting that member of the Hacken team were invited to binance Singapore to talk on security.
I highly recommend you look deeper into CER: https://cer.live/
They have stated they are already working with the biggest exchanges to CERtify them. A CERtificate expires every 6 months.
Transactions through Hacken will be done using the HKN token. And they habitually perform token burns with the profits made on the platform.
There’s plenty more good stuff and I encourage you to look through both websites to find more.
Now here is some FUD.
  1. Very low volume. It is very under the radar. Kucoin has the most volume but it is so low that Kucoin has placed a warning on it. Delisting it could be catastrophic in for the short term price. Low marketcap, high volatility. However it is worth noting that an uptick in volume will remove this warning.
  2. Hacken has enterprise customers and in some cases have taken USD instead of Hacken to keep the company afloat through the bear market. I actually see this as smart because longevity is the aim of the game in the bear market. Those who last will eventually grow. However some people are fearful of how this will affect the usage of the HKN token itself. The team is drafting a yellow paper on their new token economy currently.

I welcome all criticisms/feedback. Lets start a conversation about this.

Edit: More uses cases, spelling errors and an additional note on volume.
submitted by crycrycrypto to CryptoMoonShots [link] [comments]

Current State & The Future Of Digital Assets From Ariel Ling, BitMax COO.

Current State & The Future Of Digital Assets From Ariel Ling, BitMax COO.
Ariel Ling, co-founder and COO of BitMax, has shared her thoughts on the current state of digital assets and what to expect in the next years, what retail investor should take into account when buying any cryptocurrencie and the key factors that drive the value of the token/coin.
Ariel Ling, BitMax COO
Why, when and how have you started your crypto journey?
I started my crypto journey at the beginning of 2018 when my long-time friend, the co-founder and CEO of BitMax.io, Dr. George Cao “pulled” me out of the traditional Wall Street and asked me to join him in launching this exciting venture. Three main drivers are 1) to learn more about blockchain technology and its transformational applications in different industries; 2) to leverage in-depth traditional finance expertise to improve overall crypto trading and exchange market structure for better efficiency and transparency; 3) to have a chance to work with a talented and driven team who share similar vision, passion and conviction to build a top global digital asset trading platform as well as a wonderful organization from good to great!
If your friend will ask you: should I consider cryptocurrencies as investment opportunity? What will be your answer? Will you recommend any specific digital asset?
Coming from traditional finance perspective, I would explain my thoughts process from three angles — 1) types of crypto or digital assets as the foundation for understanding; 2) whether they, are more for short-term trading or mid-term investment 2) what are elements for investment valuation and decision-making so our friends can assess and make decision for themselves.
First, in general there are three types of digital assets:
  • Major currency / coin-type like Bitcoin, ETH, XRP, Litecoin, etc. and stable coins;
  • Security-type tokens representing some equity or debt rights of underlying projects;
  • Utility tokens for usage on specific blockchain platform or network.
Each type represents different type of opportunity and risk.
Second: is digital asset good for trading or investment? due to the nascent nature and very short history of market development with most of retail investors’ participation and lack of proper regulatory framework globally, there are quite some market manipulation, speculation and fraud activities in the current market, causing significant volatility and investors loss across all types within very short period of time. This made it very hard for any investors to assess the real valuation and momentum drivers behind those large swings. So at this point, I would think with its high volatility and risk, digital asset in general is more of very short-term trading product than investment vehicle. From liquidity perspective, major currency/coin-type will have more market depth across exchanges, hence more suitable for short-term trading-focused strategies.
Third, from traditional investment perspective, it is critical to assess digital asset investing from valuation and fundamental perspectives, such as business model, future growth, economic return vs. person’s risk tolerance and investment objectives. For major coins, especially Bitcoin itself with its longest history among all the digital assets, have started to provide certain payment function similar to fiat currencies in certain countries. Hence, there are more interesting dynamics to the Bitcoin investing based on one’s view of Bitcoin usage over mid-term horizon and the relative valuation vs its production (mining cost) especially with the price down to 3,500–3,650 USD. For security-type or utility tokens, the performance over short-to-medium term really comes down to combination of intrinsic value of underlying blockchain projects and token economics. Similar to Internet in 1990s, blockchain technology projects are still at the early stage of development and looking for meaningful and applicable use cases to bring real economic benefit from the economics and business model perspective, so it becomes very difficult to apply traditional finance valuation and assess the real intrinsic value of those projects. Recent market crash has brought many of those tokens down to near zero value. So the investment in those tokens are extremely high risk and everyone should be really careful and prudent in the evaluation of any specific projects for the decision-making and risk protection.
What is the story behind BitMax? Who are the foundefounders? When it was founded?
Q1 2018, Dr. George Cao and I founded Global Digital Mercantile (GDM), global operator of digital asset platforms, including BitMax.io based on Singapore for overseas markets and North America’s trading platform aiming for the first half of 2019. BitMax.io started public beta testing mid July, 2018, and was officially launched later mid August. On November 18th , we launched our mining mechanism, the industry very first transaction-mining & reverse-mining mechanism, which has made us the industry leading third-generation cryptocurrency exchange — after first generation of traditional exchanges like Binance, Gemini, Coinbase, etc. and 2nd generation of transaction-mining ones like FCoin, Bitthumb, etc.
Just a quick introduction of my partner. Dr. Cao studied Computer Science in the University of Science and Technology of China, and earned his PhD degree from the University of Chicago. Dr. Cao was the Founder and the Chief Investment Officer of Delpha Capital Management, LLC., New York, specializing in trading equity, ETFs and commodity future products in all major exchanges across the globe. He is also the founder and managing partner of Whitestone Investment Group, a New York based venture fund that invests in a large variety of startup companies that are in the high tech, fintech, big data and medical area. Before founding Delpha Capital, Mr. Cao worked at the Equity Division of Barclays Capital in both the New York and London offices. During that period, he oversaw equity electronic trading in the U.S., European and Asian markets. Prior to Barclays, he researched and traded U.S. equity as a Portfolio Manager at Knight Capital Group.
For me, I have built more than 18-year extensive experience in strategic planning, business development, financial risk management and regulatory implementation across major trading asset classes (Equity, FX, and Fixed Income) at several top global banks. Previous to jumping into digital asset trading, I ran USD liquidity and investment product for top financial institutions and corporate clients at tier-one global investment bank. Before that, I ran US Broker Dealer as COO and head of Business Development for Germany 2nd largest bank. Earlier from 2007 to 2012, I was global equity trading COO across Lehman Brothers and Barclays Capital, building out trading franchise and market making businesses globally. I have four degrees — graduated top of class from Nankai University with two Bachelor degrees in Finance and English Literature and got my MBA from NYU and Master of Mass Communication from University of Georgia.
Where is Bitmax located? Are you a distributed team or do you have an office to work together? How many people work for Bitmax?
Our global team of 50 members are based off two main location — New York with 20 members, including all the founding members, and Beijing with 30 members.
Would you be so kind to introduce briefly the core team members?
Both George and I are very proud of our 10-member founding team. Similar to us, they are all from Wall Street top firms like Morgan Stanley, Deutsche Bank, Goldman Sachs, Bloomberg, and top high-frequency hedge funds with deep experience in the fields of financial engineering research and development of large-scale quant trading infrastructure. Our educational background span across multiple prestigious institutions including Columbia University, University of Chicago, Carnegie Mellon University, and New York University in the United States, as well as Peking University and Tsinghua University in China. So one special thing about BitMax.io is that very few exchanges in the crypto trading space are built by solid team like ours with strong traditional finance mindset and trading background.
You’ve started BitMax during market downtrend in pretty competitive environment. What is your value proposition? Why traders should switch to BitMax?
I think BitMax.io is actually very special in this market, and our team is very proud of what we have built in the short period of six months. There are at least three reasons I think traders should chooseBitMax.io:
  • It’s our real-word professional trading experience and expertise;
  • It’s is our platform, resilient, high volume quantitative-trading platform;
  • It’s is our top-quality customer-centric strategy.
First of all, as I mentioned in the last question, architected by a group of Wall Street veterans, BitMax.io builds upon the core value of blockchain, transparency and reliability, and delivers high-quality client services and trading experience through its innovative trading platform.
Second, our quant-driven tech platform. Our development members were all from high frequency and quantitative systematic trading shops. They definitely make sure the platform was resilient and it can actually handle billions of volume during the design and build. The platform resilience and scalability were fully being tested when we launched the transaction mining and reverse-mining. The first day, we actually had, within the first 24 hours, the trading volume of 1.6 billion in notional; and our system didn’t flinch, didn’t slow down, and didn’t shut down. This is very rare in any of today’s exchanges where you can frequently see the slowdown, the crash, and very slow user responses, especially with transaction mining exchanges.
Third, what we are extremely proud of and all the users can see, is our 24/7 customer services built upon the core Wall Street client-centric concept. Besides our customer support team who never sleep, George actually stands behind the platform almost 24/7 answering questions from the customers, seeking solutions for their issues, and providing the most responsive customer service for the entire crypto trading space.
BitMax CEO, George Cao, is often seen in official Telegram group answering different questions.
We constantly remind our team: customer first. When we design a product, when we launch a system, and when we look at user needs, we all look from customers’ perspective, from how we can protect the users. When we look at primary listing, we only select the high-quality projects because we want our users to have the best investment and trading experience on BitMax.io.
Are you satisfied with the current results of BitMax? Is transaction mining model giving expected volume? What is the % of traders using this model?
We are very pleased with current business development and delivery results from client acquisition and trading perspectives.
On the business development side, we completed the global setup for both 50-member team organization and comprehensive legal entity structure from Asia to North Americas in 2018, which laid down foundation and paved way for 2019 business expansion especially with US.
Since our platform launch in mid Aug, we successfully started Industry FIRST transaction mining and reverse-mining exchange and built out the most active global communities and users within four months in the bear market, with registered users more than 95k; average daily active traders more than quadrupled since the start of transaction mining; average daily trading volume of $465mm through the month of January and February in 2019. Those are extremely promising under this tough market condition.
From the composition of trading volumes, there are two parts — transaction mining which grows exponentially; second is organic, the regular trading which has experienced healthy increase as well because of all the listing activities and all the incentives we have. The regular trading takes about 5% of total trading volume, which is very good for an exchange which was launched in August and running right into the bear market.
What are the key factors that drive the value of the token/coin?
From traditional finance /investment view token economics is really a balance act between business / economic model and exchange market force, driven by three factors: intrinsic value and sustainability, supply and demand, and liquidity and depth.
First, from a traditional finance perspective, we need to look at the intrinsic value, the economic valuation behind a project. How does this project make money? Do they really have fundamentals? Do they really have a viable business model? Do they really have a solid user base for future growth? For example, our exchange business model is very simple. We are exchange; People trade on our platform. The more they trade, the more transaction fee the exchange collect — the revenue source. The exchange will last when people keep trading on the platform and the transaction revenue generated covers the operating cost of running an exchange.
Second, it is the supply and demand of token on the market — who will buy and for what purpose; who will sell and under what scenarios. For major currency coins like Bitcoin, people might buy and sell for potential investment or use in actual payment processing. For other types of token, it is more driven by short-term trading pattern and profit taking. So it is extremely important to set up certain token mechanism to support the equilibrium of supply and demand like how Central Banks manage the supply of currency in circulation through monetary policies.
Third, when the market force comes in, it comes down to the liquidity and depth. Exchange is about liquidity and market depth. That means there has to be enough of trading volumes at each pricing level for each token. For BitMax.io, we have very sophisticated market making model that is similar to Designated Market Maker model of New York Stock Exchange. We focus on providing liquidity and maintaining a fair and orderly market for those token listings who agree to engage our market making services.
Every exchange is looking for good projects in order to become a premiere market for this new asset. Can you name some projects that impressed you recently (even if you are not discussing possible listing with them)?
BitMax.io has strict listing requirements in order to identify high-quality projects for our users. Very proud that we have listed five industry star projects in the last several weeks, with more in the pipeline. All of them have the following attributes that made them successful — viable and profitable business model, growing user bases, strong community support, and comprehensive funding sources.
One of the shining examples is European project named LTO Network listed mid Jan. Its price has been steadily rising since then, as more and more people get to know their business model and more project support comes into the market place to buy the tokens — It uses blockchain technology to streamline a lot of legal processing for one of EU governments, which is very easy to understand its economic value from a revenue perspective. This is simply what people need to see eventually, clean and clear from business economic model perspective.
Let’s imagine a crypto market in 5 or 10 years. Can you make any prediction what the market will look like? What customers will expect from exchange in 5–10 years?
Based off my long-time experience in traditional trading, especially how equity market evolved last twenty years, I would imagine maturing market structure and entrance of institutional investors are key mandatory and healthy development of digital asset market.
First, As the market develops and expands globally, traditional institution participation is a must, in order to upgrade and strengthen the overall market structure and maturity, making it more transparent and resilient, and most importantly enabling the real broad-base adoption of digital assets. Most institutional investors, such as mutual fund, pension fund and other financial institutions, hold the majority of world investment assets, not individual retail investors. Only when those big guys join the market, will there be real revolutionary improvement and expansion of the digital asset just like any other financial markets.
Second, I would expect the market to become more structured with major building blocks for transparent trade life cycle processing and separate risk analytics supporting services. Current crypto trading market is very fragmented with exchanges taking on different roles of trading, wallet management, custodian, etc. Also the lack of clear and consistence regulation on market structure has led to many aspects of market inefficiency — inconsistent liquidity and depth, wide spread, high transaction cost, high volatility, speculation, etc. This definitely hampers the broader adoption of digital assets from institutional investors.
Forward looking, multi-tier structure under some level of regulatory framework with clear guidance is required for future maturing market. Similar to security market, there should be at least three layers of different and independent roles: the role of broker dealer to handle the client relationship with good KYC/ AML processes, retail clients, other financial institutions, blockchain players and to take client order as agent or dealer; the role of exchange to focus on listing and trading — liquidity provision and order matching; the role of clearing house to provide clearing and settlement and custodian on custody of assets with proper control and independence. It is very clean and clear with good check and balance in place.
What are the key challenges for 2019?
During our 2018 business planning, we clearly view 2019 to continue being full of challenges with market uncertainty from both asset price and valuation as well as regulatory development globally. In prep for that and further growth of our platform, we have laid out the following four main strategic objectives and they are all well underway:
  • To launch North America trading platform for high networth and institutional clients. With North America being heavily regulated market, there are two aspects of our plan — First is to leverage a trust structure to facilitate the major coin trading with fiat, and the second is broker-dealer license application with potential for securitized tokens pending regulatory guidance in place.
  • To enhance BitMax.io platform and reach global top-tier exchange. We will continue listening to our users and working hard to enhance user interface and experience by upgrading website vs. other competitors for better client retention.We will continue leading product innovation among the competitors with margin trading (successfully launched in mid Feb) and then derivative to attract new clients.
  • Relent focus on implementation and expansion of current business lines — listing, Market Making, marketing advisory services to grow current revenue base; and further seek new revenue opportunity through North America platform while maintaining cost discipline.
  • we are always on the lookout in terms of exchange alignments, acquisition target, and any business partnership from different aspects of the value chain.
When do you expect a market recovery or next bull run? What are the factors that will influence the start of the market recovery?
With current market crash or correction, there are two possibilities from trading perspective — recovery depending on whether this is a V down or U curve. The U curve occurs when the market collapses, it takes a longer time for market to find the bottom and struggle to rise up. The V down is like a quick collapse — dropping down very fast and reaching the bottom, and then, with some catalyst event, either catalyst from market structure, or catalyst from the market expansion itself, suddenly it gives a boost and bounces right back up.
For market recovery, besides all the investment and economics elements I’ve discussed above, I believe one critical factor is the regulatory development especially clear guidance from key regulatory bodies of those major financial markets such as US, UK, EU, etc. on those key building blocks I mentioned in the maturing market structure. Once those in place, more traditional institutional investors will be ready to get in and hence boost the liquidity and valuation of the digital assets. That is the new beginning of digital assets being accepted as part of Main Street investment globally.

submitted by BitMax_Support to BitMax [link] [comments]

Bitcoin Sold For $1 in August 2019

Bitcoin Sold For $1 in August 2019

https://preview.redd.it/p49zm81g56m31.jpg?width=4039&format=pjpg&auto=webp&s=f57753a2cfec52ca6b445b60a68acb202e6a22a7
In a piece of reality that looks like a huge joke, it is on record that Bitcoin sold for $1 in August 2019 on certain exchanges in the Asian region. The news of this development broke on 23 August 2019 when some of the major exchanges within the region reported a malfunction within their systems.
Apparently, the Amazon Web Services (AWS) network experienced an outage which affected those platforms that were connected to it. Some of the exchanges that were affected include Binance, KuCoin and BitMax.
On the said day, the CEO of Binance, Changpeng Zhao (CZ) announced through Twitter that his exchange was experiencing some difficulties.
CZ tweeted:
“AWS is having an issue, mostly with caching services, affecting some users globally. We are working with them and monitoring the situation closely.”
During the malfunction, deposits and withdrawals were disabled on the Binance platform. Many replies followed the tweet from CZ with some of them expressing panic. He however continued to reassure his followers until the issue was eventually resolved. From his responses, it was clearly an issue with Amazon’s AWS, which he remained in contact with until it was resolved.
Some traders who played what looked like a wild card took advantage of the situation to buy Bitcoin for less than $1 during the outage. This was reported to have happened on BitMax exchange. Reports claim that these traders had set limit orders at extremely low prices. The hope of these traders was on some off-chance event like what just happened.
According to information that spread on social media, as much as 45 Bitcoins were purchased at sub $1 levels during this period on BitMax. The exchange announced immediate freezing of deposits and withdrawals shortly afterwards. Although it did not confirm that the said transactions had occurred. It’s safe to say that BitMax will never forget the day that Bitcoin sold for $1 in August 2019.
Another exchange that wasn’t spared during this outage is KuCoin. The exchange also disabled part of its services and posted a notice on its website, which read:
“Due to the overheating of part of our chassis in the machine room we deployed in AWS, Tokyo, part of our services might become unavailable. The engineering operation team is currently deploying relevant resources of high availability across regions to deal with any possible emergencies that might happen. Some services might be affected during the deployment.”
The purchase of cheap Bitcoins was confirmed by the founding partner at crypto asset fund Primitive Ventures, operators of KuCoin, Dovey Wan who tweeted:
“Many Asian exchanges see price instability (and trades were able to execute, yes you can buy extremely cheap Bitcoin if you had limit orders there).”
Beyond the three exchanges mentioned so far, several other exchanges within the same region seemed to have encountered the same problem.
The Bitcoin price, which appeared to be finding stability above the $10,000 region seems to have struggled a bit since this development. Although Amazon has resolved the issue and the exchanges have returned to normal services, the Bitcoin price is still struggling below $10,000 (at the time of writing).
Issues like this are some of the limitations that confront centralized exchanges as we have them today. This is where peer-to-peer platforms like Vertex.Market have the upper hand. Risks such as the AWS issue are completely eliminated because trading is not based on an order book that is hosted on a third party platform. Although all of us will remember the day that Bitcoin sold for $1 in August 2019, not everyone will remember it with regrets.
https://medium.com/@official_83664/bitcoin-sold-for-1-in-august-2019-dda66ba532
submitted by OliAustin101 to CryptoCurrencyTrading [link] [comments]

Yazom partners with parachute project. Now you can tip or trade ZOM using Parjar tipping bot.

We have Parjar tipping bot added to Yazom telgram channel. It could be used for an instant tipping of ZOM and token exchange between group members. It can be exchanged with any of the following tokens BTC: Bitcoin, BCH: BitcoinCash DOGE: Dogecoin, ERC20s: PAR: Parachute Token 1UP: Uptrennd 2GB: 2GetherBounty AERGO: Aergo AXPR: aXpire BAT: Basic Attention Token BIRD: BirdCoin BNB: Binance Coin BNTY: Bounty0x BOMB: The BOMB BPT: Blockport BTMX: BitMax CVC: Civic DAG: Constellation DGTX: DigitexFutures DNT: district0x ENJ: EnjinCoin ESH: Switch ETHOS: Ethos FTM: Fantom Token HST: Decision Token HYDRO: Hydro KEY: SelfKey MANA: Decentraland METM: MetaMorph MITX: Morpheus Infrastructure Token MYO: Mycro Token NKN: NKN OMG: OmiseGo OPQ: Opacity OST: OST Platform REQ: Request Network RSR: Reserve Rights SNTR: Silent Notary SNTVT: Sentivate SPF: SportyCo USDC: USDCoin WAND: Wand Token WED: WednesdayCoin WYS: Wysker ZRX: 0x YAZOM:ZOM ETH: EthereumLTC: Litecoin
#FAQ #WhatIsParJarWhat is ParJar?
ParJar is a Telegram wallet and tip bot that works with /tip messages. All tips happen off-chain. All deposits and withdrawals happen on-chain. The bot is entirely fee less. So ParJar takes no fees for tipping, depositing or withdrawing. Normal gas fees (on-chain mining/transaction fees) are charged by the blockchain for withdrawing crypto from ParJar to another wallet since they are on-chain transactions.
Make sure to PM @parjar_bot to check out your own wallet on Telegram. There will be buttons in there to check balance, to deposit crypto to your ParJar wallet, to withdraw to another wallet etc.
To tip someone, you simply reply to them with “/tip ” to tip them from your own ParJar wallet balance to theirs. For example, "/tip 100 ZOM".Please note, the tip command only works in groups that already have the ParJar bot added.
You can see the list of ParJar supported coins/tokens in PM with the bot (@parjar_bot)
You can also check price of ZOM in PM with the bot with the following commands: "/price ZOM" (for price in USD) OR "/price ZOM" followed by BTC/ETH/LTC/XLM/XRP/BCH/CAD/EUGBP/PLN/RUB (for price in one of these currencies and this feature is not available yet)
To find value of, say, 10000 ZOM in ETH, use the command: "/convert 10000 ZOM ETH" in PM with the botTo find value of, say, 10 USD in ZOM, use the command: "/convert 10 USD ZOM" in PM with the bot
When depositing ZOM to your ParJar wallet, make sure to initiate a deposit each time in your ParJar (@parjar_bot) and follow instructions. The ZOM should be sent from a wallet to which you own private keys and not from an exchange.
JOIN YAZOM CHANNEL https://t.me/joinchat/FycfwlI1-ZPCUZSjUJXOsg
JOIN ZOM OTC CHANNEL https://t.me/otc_zom
submitted by crypto_psych to zom [link] [comments]

Daily analysis of cryptocurrencies 2019-11-17(Market index 38 — Fear state)

Daily analysis of cryptocurrencies 2019-11-17(Market index 38 — Fear state)

https://preview.redd.it/j9vzw4hka9z31.jpg?width=658&format=pjpg&auto=webp&s=496988d67742d54a6dcd6852ff27f384c7865f1f

Ethereum’s Harmony To Not Support Upcoming Istanbul HardforkIn more recent updates, Ethereum’s Tim Beiko took to Twitter to elaborate on the developments that took place in the Ethereum Core Devs Meeting 75. After the release of several versions of Nethermind, Besu, and Geth, Parity v2.5.10-stable and v. 2.6.5-beta were the latest versions to be released. The release would add block numbers for the activation of the Istanbul hardfork on the mainnet along with other updates. Along with the latest versions of Parity, Aleth 1.7.0 was also released which Focus on on EIPs for the Istanbul hardfork. While the developers urged the community to update their nodes, Beiko revealed that only 16% of nodes were updated.
Swiss Capital Markets And Tech Association To Publish Common Standards For Safe Custody Of Digital AssetsThe Capital Markets and Technology Association (CMTA), an independent Swiss association bringing together actors from Switzerland’s financial, technological and legal sectors, will publish common standards for the safe custody of digital assets. CMTA is currently consulting its members on proposed standards for the safe custody of digital assets by professional financial intermediaries.
Santander Says It Will Soon Expand Its Use Of Ripple’s Cross Border Payments PlatformAccording to The Daily Hodl, in a recent conference held by the Institute of International and European Affairs, managing director of digital investment banking at Santander, John Whelan, talked about the company’s efforts in blockchain. He says the company will bring its Ripple-powered payments platform called One Pay FX to all 10 of its main corridors in the near future.“We actually have a blockchain-based international payments system that’s running on four of our corridors: Brazil, Mexico, UK, Spain. It will be on all 10 soon. Instant transfers at very, very tight spreads: 30 basis points. It’s a nice user experience. I use it myself. I sent money to the United States. It’s available same-day.”
https://preview.redd.it/hvv1xfjea9z31.png?width=504&format=png&auto=webp&s=20ecfa0cc1b6b980cf32e20753cde124c7b4a571

This past week, bitcoin saw an increase in selling pressure below the $8,880 support area against the US Dollar. Moreover, BTC price settled below the $8,700 pivot level and the 100 simple moving average (4-hours).
There were steady losses and the price broke the $8,600 and $8,500 support levels. A new monthly low is formed near $8,382 and the price is clearly trading in a bearish zone.
It is currently consolidating losses above the $8,400 level. Besides, bitcoin is trading near the 23.6% Fib retracement level of the recent decline from the $8,777 high to $8,382 low.
Review previous articles: https://medium.com/@to.liuwen

Encrypted project calendar(November 17, 2019)

OKB (OKB): 17 November 2019 OKEx Talks — Lagos Join us on 17 Nov for another OKEx Talks, discussing the “Life of a Crypto Trader”.BitCash (BITC): 17 November 2019 BitCash Gold Hard Fork We will introduce a third currency on the BitCash blockchain with BitCash Gold. BitCash Gold is pegged to the price of gold.EDC Blockchain (EDC): 17 November 2019 Blockchain Seminar “On November 17th, 2019, we invite you to visit the EDC Blockchain seminar in Surabaya, East Java, Indonesia. “Chainlink (LINK): and 1 other 17 November 2019 Joint Meetup This Sunday, Our @EmmaUltrain and @chainlink will co-host a meetup to discuss blockchain technology development in Beijing!!EOS (EOS): 17 November 2019 Hackathon “Do you want to build on #EOSIO? @LiquidAppsIO community #DAAPHackathon begins 8pm Sunday CST.”Enjin Coin (ENJ): 17 November 2019 Live Stream “Tune in for a stream of @ForgottenArtif with developer @CliffCawley and get a preview of the next game update along with…”

Encrypted project calendar(November 18, 2019)

Maker (MKR): 18 November 2019 MCD Launch “BIG changes to terminology are coming with the launch of MCD on Nov. 18th Say hello to Vaults, Dai, and Sai.”Vexanium (VEX): 18 November 2019 Nodes Blockchain Summit Vexanium will collaborate with Nodes Community to hold a blockchain conference called the Nodes Blockchain Summit.OKB (OKB): 18 November 2019 Utrecht Workshop “EVENT: We’re going back to basics with #101 workshops on #CryptoTrading in Utrecht & AmsterdamSantiment Network Token (SAN): 18 November 2019 Reddit AMA “…@Santimentfeed will be conducting its first Reddit AMA on the@EthfinanceRsubreddit on Monday, November 18, 2019 from 12pm to 3pm EST”.Decentralized Currency Assets (DCA): 18 November 2019 Added to Echoestrader “Decentralize Currency Assets(DCA) support’s the first crypto algorithm exchange goes live on november 18th 2019.”Aeternity (AE): and 5 others 18 November 2019 [TWITTERPOST] Shift Money 2019 conference from Nov 18–19 in Croatia.Maker (MKR): 18 November 2019 MCD Launch “BIG changes to terminology are coming with the launch of MCD on Nov. 18th Say hello to Vaults, Dai, and Sai.”Pundi X (NPXS): 18 November 2019 Binance Italian AMA “On November 18 at 3:00 pm CET, @binance Italian group will host AMA series with @peko0413 !”Crypto.com Coin (CRO): 18 November 2019 Exchange Closed Beta “Closed Beta starts the week of 18 Nov.”

Encrypted project calendar(November 19, 2019)

Lisk (LSK): 19 November 2019 Lisk.js “We are excited to announce liskjs2019 will take place on November 19th. This all day blockchain event will include…”Aion (AION): 19 November 2019 Hard Fork “Leading up to the hard fork on November 19th-20th, 2019 the Unity — Aion Kernel will be upgraded by node operators.”Enigma (ENG): 19 November 2019 Open Community Call The first Enigma Open Community Call is Tuesday, Nov 19th, 11AM ET! important updates on our protocol, the Genesis Game, and our road ahead.Lisk (LSK): 19 November 2019 Berlin Meetup “Ahead of LiskJS2019, our partners Berlin Valley are hosting a startup industry networking event, #DigitalTalents, tomorrow. “BitMax Token (BTMX): 19 November 2019 BitMax Delisting BitMax removes BTMXP/BTC, ETH/USDC, ETH/PAX, BAT/ETH, ZEC/ETH, DASH/ETH, LAMB/ETH, ZIL/ETH, COVA/ETH, ETC/ETH, FET/ETH, LAMBS/ETH, XTZ/ETH.

Encrypted project calendar(November 20, 2019)

OKB (OKB): 20 November 2019 OKEx Cryptour Odessa Ukr “Join us in Odessa as we journey through Ukraine for our OKEx Cryptour!DAPS Token (DAPS): 20 November 2019 Partnership with SWFT “Everyone will have $DAPS mobile wallets, atomic swaps and much more starting on the 20th of November!”Aragon (ANT): 20 November 2019 Draft Proposal Deadline “Draft proposals for Aragon Network Vote #5 are due in one week, on November 20 at 16:00 UTC…”IOTA (MIOTA): 20 November 2019 Smart City Expo Wilfried Pimenta, our Director of Business Development, will be among the speakers at the AI & Blockchain Summit in the Smart City Expo Worl…Bitcoin Fast (BTCF): 20 November 2019 BTCF Snapshot Snapshot taken of BTCF holders at 8:00 am (GMT-6).Credits (CS): 20 November 2019 AMA AMA with Credits team at 15:00 UTC.

Encrypted project calendar(November 21, 2019)

Cardano (ADA): and 2 others 21 November 2019 Meetup Netherlands (AMS) “This meetup is all about how to decentralize a blockchain, the problems and differences between Proof-of-Work and Proof-of-Stake…”Cappasity (CAPP): 21 November 2019 Virtuality Paris 2019 “Cappasity to demonstrate its solution for the interactive shopping experience at Virtuality Paris 2019.”Horizen (ZEN): 21 November 2019 Weekly Insider Team updates at 3:30 PM UTC/ 11:30 AM EDT: Engineering, Node network, Product/UX, Helpdesk, Legal, BD, Marketing, CEO Closing thoughts, AMA.OKB (OKB): 21 November 2019 OKEx Talks — Johannesburg “Join us the largest city of South Africa — Johannesburg where we will host our OKEx Talks on the 21st Nov.”IOST (IOST): 22 November 2019 Singapore Workshop Join the Institute of Blockchain for their 2nd IOST technical workshop in Singapore on 22 Nov 2019. The workshop includes IOST’s key tech.OKB (OKB): 22 November 2019 St. Petersberg Talks “Join us in St. Petersberg on 22 Nov as we answer your questions on Crypto Security. “NEM (XEM): 21 November 2019 SME Thought Leadership “SME Thought Leadership Series Forum #2” in Selangor, Malaysia from 8:30 AM — 2:30 PM.Stellar (XLM): 21 November 2019 NYC Meetup “Stellar Blockchain Meetup ft. FIC Network and Sam Conner’s Meridian Recap” in NYC from 6–8 PM.Waves (WAVES): 21 November 2019 Edinburgh Workshop “Next Thursday, we’re running a practical workshop on building DeFi products & designing Smart Contracts in your city!”

Encrypted project calendar(November 22, 2019)

IOST (IOST): 22 November 2019 Singapore Workshop Join the Institute of Blockchain for their 2nd IOST technical workshop in Singapore on 22 Nov 2019. The workshop includes IOST’s key techOKB (OKB): 22 November 2019 St. Petersberg Talks “Join us in St. Petersberg on 22 Nov as we answer your questions on Crypto Security. “Zenon (ZNN): 22 November 2019 Awareness Fund Payout “Distribution of the fund takes place every Friday until Pillars Lock-in Phase is completed.”

Encrypted project calendar(November 23, 2019)

Californium (CF) and 1 other: 23 November 2019 Greece Meetup “On November 23, the Greek #Cryptocurrency Community Meetup will take place in Greece!”

Encrypted project calendar(November 25, 2019)

0x (ZRX): 25 November 2019 0x V3 Proposal Live “The 0x v3 proposal was approved and will go live on Ethereum mainnet starting November 25th!”Dynamic Trading Rights (DTR): 25 November 2019 Chain Migration “On November 25 at 23:00 CET, TokensNet will make a migration of the $ELI token from Ethereum blockchain to Bitcoin Cash blockchain…”

Encrypted project calendar(November 27, 2019)

OKB (OKB): 27 November 2019 OKEx Cryptour Vinnytsia “Join us in Vinnytsia as we journey through Ukraine for our OKEx Cryptour!”Fetch.ai (FET): 27 November 2019 London Meetup “Join us on 27 November @primalbasehq to hear an exciting progress report as we prepare for the launch of our #mainnet”

Encrypted project calendar(November 28, 2019)

Horizen (ZEN): 28 November 2019 Weekly Insider Team updates at 3:30 PM UTC/ 11:30 AM EDT: Engineering, Node network, Product/UX, Helpdesk, Legal, BD, Marketing, CEO Closing thoughts, AMA.

Encrypted project calendar(November 29, 2019)

Zenon (ZNN): 29 November 2019 Awareness Fund Payout “Distribution of the fund takes place every Friday until Pillars Lock-in Phase is completed.”

Encrypted project calendar(November 30, 2019)

Ethos (ETHOS): 30 November 2019 (or earlier) Rebranding “In November, we unveil the broker token, a dynamic utility token to power our commission-free crypto trading and broker platform, Voyager.”Digitex Futures (DGTX): 30 November 2019 Public Testnet Launch “…We can expect to see the world’s first zero-commission futures trading platform live on the Ethereum public testnet from 30th November.”Monero (XMR): 30 November 2019 Protocol Upgrade “Preliminary information thread regarding the scheduled protocol upgrade of November 30.”Chiliz (CHZ): 30 November 2019 (or earlier) Fiat to CHZ Exchanges “We will add another two fiat to $CHZ exchanges in November…”Skrumble Network (SKM): 30 November 2019 (or earlier) P2P & Group Calling “P2P & Group Video Calling,” during November 2019.Aergo (AERGO): 30 November 2019 (or earlier) Mainnet 2.0 Upgrade Mainnet 2.0 Protocol update by end of November.Akropolis (AKRO): 30 November 2019 (or earlier) Beta Release “All functionality has been deployed to mainnet.”Nash Exchange (NEX): 30 November 2019 (or earlier) Mobile Strategy Phase 2 “Phase 2 of our mobile strategy will be live soon with our wallet and portfolio app hitting stores in November!”Akropolis (AKRO): 30 November 2019 (or earlier) Beta Release “All functionality has been deployed to mainnet.”Pakcoin (PAK): 30 November 2019 Staking Mobile App Android app for staklet is going to be launched on November 30th.

Telegram: https://t.me/Lay126
Twitter:https://twitter.com/mianhuai8
Facebook:https://www.facebook.com/profile.php?id=100022246432745
Reddi:https://www.reddit.com/useliuidaxmn
LinkedIn:https://www.linkedin.com/in/liu-wei-294a12176/
submitted by liuidaxmn to u/liuidaxmn [link] [comments]

Bitcoin Sold For $1 in August 2019


In a piece of reality that looks like a huge joke, it is on record that Bitcoin sold for $1 in August 2019 on certain exchanges in the Asian region. The news of this development broke on 23 August 2019 when some of the major exchanges within the region reported a malfunction within their systems.
Apparently, the Amazon Web Services (AWS) network experienced an outage which affected those platforms that were connected to it. Some of the exchanges that were affected include Binance, KuCoin and BitMax.
On the said day, the CEO of Binance, Changpeng Zhao (CZ) announced through Twitter that his exchange was experiencing some difficulties.
CZ tweeted:
“AWS is having an issue, mostly with caching services, affecting some users globally. We are working with them and monitoring the situation closely.”
During the malfunction, deposits and withdrawals were disabled on the Binance platform. Many replies followed the tweet from CZ with some of them expressing panic. He however continued to reassure his followers until the issue was eventually resolved. From his responses, it was clearly an issue with Amazon’s AWS, which he remained in contact with until it was resolved.
Some traders who played what looked like a wild card took advantage of the situation to buy Bitcoin for less than $1 during the outage. This was reported to have happened on BitMax exchange. Reports claim that these traders had set limit orders at extremely low prices. The hope of these traders was on some off-chance event like what just happened.
According to information that spread on social media, as much as 45 Bitcoins were purchased at sub $1 levels during this period on BitMax. The exchange announced immediate freezing of deposits and withdrawals shortly afterwards. Although it did not confirm that the said transactions had occurred. It’s safe to say that BitMax will never forget the day that Bitcoin sold for $1 in August 2019.
Another exchange that wasn’t spared during this outage is KuCoin. The exchange also disabled part of its services and posted a notice on its website, which read:
“Due to the overheating of part of our chassis in the machine room we deployed in AWS, Tokyo, part of our services might become unavailable. The engineering operation team is currently deploying relevant resources of high availability across regions to deal with any possible emergencies that might happen. Some services might be affected during the deployment.”
The purchase of cheap Bitcoins was confirmed by the founding partner at crypto asset fund Primitive Ventures, operators of KuCoin, Dovey Wan who tweeted:
“Many Asian exchanges see price instability (and trades were able to execute, yes you can buy extremely cheap Bitcoin if you had limit orders there).”
Beyond the three exchanges mentioned so far, several other exchanges within the same region seemed to have encountered the same problem.
The Bitcoin price, which appeared to be finding stability above the $10,000 region seems to have struggled a bit since this development. Although Amazon has resolved the issue and the exchanges have returned to normal services, the Bitcoin price is still struggling below $10,000 (at the time of writing).
Issues like this are some of the limitations that confront centralized exchanges as we have them today. This is where peer-to-peer platforms like Vertex.Market have the upper hand. Risks such as the AWS issue are completely eliminated because trading is not based on an order book that is hosted on a third party platform. Although all of us will remember the day that Bitcoin sold for $1 in August 2019, not everyone will remember it with regrets.
https://medium.com/@official_83664/bitcoin-sold-for-1-in-august-2019-dda66ba532
submitted by OliAustin101 to Bitcoin_Future [link] [comments]

Bitcoin Sold For $1 in August 2019


In a piece of reality that looks like a huge joke, it is on record that Bitcoin sold for $1 in August 2019 on certain exchanges in the Asian region. The news of this development broke on 23 August 2019 when some of the major exchanges within the region reported a malfunction within their systems.
Apparently, the Amazon Web Services (AWS) network experienced an outage which affected those platforms that were connected to it. Some of the exchanges that were affected include Binance, KuCoin and BitMax.
On the said day, the CEO of Binance, Changpeng Zhao (CZ) announced through Twitter that his exchange was experiencing some difficulties.
CZ tweeted:
“AWS is having an issue, mostly with caching services, affecting some users globally. We are working with them and monitoring the situation closely.”
During the malfunction, deposits and withdrawals were disabled on the Binance platform. Many replies followed the tweet from CZ with some of them expressing panic. He however continued to reassure his followers until the issue was eventually resolved. From his responses, it was clearly an issue with Amazon’s AWS, which he remained in contact with until it was resolved.
Some traders who played what looked like a wild card took advantage of the situation to buy Bitcoin for less than $1 during the outage. This was reported to have happened on BitMax exchange. Reports claim that these traders had set limit orders at extremely low prices. The hope of these traders was on some off-chance event like what just happened.
According to information that spread on social media, as much as 45 Bitcoins were purchased at sub $1 levels during this period on BitMax. The exchange announced immediate freezing of deposits and withdrawals shortly afterwards. Although it did not confirm that the said transactions had occurred. It’s safe to say that BitMax will never forget the day that Bitcoin sold for $1 in August 2019.
Another exchange that wasn’t spared during this outage is KuCoin. The exchange also disabled part of its services and posted a notice on its website, which read:
“Due to the overheating of part of our chassis in the machine room we deployed in AWS, Tokyo, part of our services might become unavailable. The engineering operation team is currently deploying relevant resources of high availability across regions to deal with any possible emergencies that might happen. Some services might be affected during the deployment.”
The purchase of cheap Bitcoins was confirmed by the founding partner at crypto asset fund Primitive Ventures, operators of KuCoin, Dovey Wan who tweeted:
“Many Asian exchanges see price instability (and trades were able to execute, yes you can buy extremely cheap Bitcoin if you had limit orders there).”
Beyond the three exchanges mentioned so far, several other exchanges within the same region seemed to have encountered the same problem.
The Bitcoin price, which appeared to be finding stability above the $10,000 region seems to have struggled a bit since this development. Although Amazon has resolved the issue and the exchanges have returned to normal services, the Bitcoin price is still struggling below $10,000 (at the time of writing).
Issues like this are some of the limitations that confront centralized exchanges as we have them today. This is where peer-to-peer platforms like Vertex.Market have the upper hand. Risks such as the AWS issue are completely eliminated because trading is not based on an order book that is hosted on a third party platform. Although all of us will remember the day that Bitcoin sold for $1 in August 2019, not everyone will remember it with regrets.
https://medium.com/@official_83664/bitcoin-sold-for-1-in-august-2019-dda66ba532
submitted by OliAustin101 to BestBitcoinNews [link] [comments]

Bitcoin Sold For $1 in August 2019

Bitcoin Sold For $1 in August 2019

https://preview.redd.it/mkgp09yyj5m31.jpg?width=4039&format=pjpg&auto=webp&s=db192e938cd0f8d6ded2923eb90dc85d4cc47336
In a piece of reality that looks like a huge joke, it is on record that Bitcoin sold for $1 in August 2019 on certain exchanges in the Asian region. The news of this development broke on 23 August 2019 when some of the major exchanges within the region reported a malfunction within their systems.
Apparently, the Amazon Web Services (AWS) network experienced an outage which affected those platforms that were connected to it. Some of the exchanges that were affected include Binance, KuCoin and BitMax.
On the said day, the CEO of Binance, Changpeng Zhao (CZ) announced through Twitter that his exchange was experiencing some difficulties.
CZ tweeted:
“AWS is having an issue, mostly with caching services, affecting some users globally. We are working with them and monitoring the situation closely.”
During the malfunction, deposits and withdrawals were disabled on the Binance platform. Many replies followed the tweet from CZ with some of them expressing panic. He however continued to reassure his followers until the issue was eventually resolved. From his responses, it was clearly an issue with Amazon’s AWS, which he remained in contact with until it was resolved.
Some traders who played what looked like a wild card took advantage of the situation to buy Bitcoin for less than $1 during the outage. This was reported to have happened on BitMax exchange. Reports claim that these traders had set limit orders at extremely low prices. The hope of these traders was on some off-chance event like what just happened.
According to information that spread on social media, as much as 45 Bitcoins were purchased at sub $1 levels during this period on BitMax. The exchange announced immediate freezing of deposits and withdrawals shortly afterwards. Although it did not confirm that the said transactions had occurred. It’s safe to say that BitMax will never forget the day that Bitcoin sold for $1 in August 2019.
Another exchange that wasn’t spared during this outage is KuCoin. The exchange also disabled part of its services and posted a notice on its website, which read:
“Due to the overheating of part of our chassis in the machine room we deployed in AWS, Tokyo, part of our services might become unavailable. The engineering operation team is currently deploying relevant resources of high availability across regions to deal with any possible emergencies that might happen. Some services might be affected during the deployment.”
The purchase of cheap Bitcoins was confirmed by the founding partner at crypto asset fund Primitive Ventures, operators of KuCoin, Dovey Wan who tweeted:
“Many Asian exchanges see price instability (and trades were able to execute, yes you can buy extremely cheap Bitcoin if you had limit orders there).”
Beyond the three exchanges mentioned so far, several other exchanges within the same region seemed to have encountered the same problem.
The Bitcoin price, which appeared to be finding stability above the $10,000 region seems to have struggled a bit since this development. Although Amazon has resolved the issue and the exchanges have returned to normal services, the Bitcoin price is still struggling below $10,000 (at the time of writing).
Issues like this are some of the limitations that confront centralized exchanges as we have them today. This is where peer-to-peer platforms like Vertex.Market have the upper hand. Risks such as the AWS issue are completely eliminated because trading is not based on an order book that is hosted on a third party platform. Although all of us will remember the day that Bitcoin sold for $1 in August 2019, not everyone will remember it with regrets.
https://medium.com/@official_83664/bitcoin-sold-for-1-in-august-2019-dda66ba532
submitted by OliAustin101 to Crypto_ICO_Investing [link] [comments]

Bitcoin Sold For $1 in August 2019

Bitcoin Sold For $1 in August 2019

https://preview.redd.it/ew49b4xm56m31.jpg?width=4039&format=pjpg&auto=webp&s=f855cb615f10f98450b52530dd8e2ccf060efb42
In a piece of reality that looks like a huge joke, it is on record that Bitcoin sold for $1 in August 2019 on certain exchanges in the Asian region. The news of this development broke on 23 August 2019 when some of the major exchanges within the region reported a malfunction within their systems.
Apparently, the Amazon Web Services (AWS) network experienced an outage which affected those platforms that were connected to it. Some of the exchanges that were affected include Binance, KuCoin and BitMax.
On the said day, the CEO of Binance, Changpeng Zhao (CZ) announced through Twitter that his exchange was experiencing some difficulties.
CZ tweeted:
“AWS is having an issue, mostly with caching services, affecting some users globally. We are working with them and monitoring the situation closely.”
During the malfunction, deposits and withdrawals were disabled on the Binance platform. Many replies followed the tweet from CZ with some of them expressing panic. He however continued to reassure his followers until the issue was eventually resolved. From his responses, it was clearly an issue with Amazon’s AWS, which he remained in contact with until it was resolved.
Some traders who played what looked like a wild card took advantage of the situation to buy Bitcoin for less than $1 during the outage. This was reported to have happened on BitMax exchange. Reports claim that these traders had set limit orders at extremely low prices. The hope of these traders was on some off-chance event like what just happened.
According to information that spread on social media, as much as 45 Bitcoins were purchased at sub $1 levels during this period on BitMax. The exchange announced immediate freezing of deposits and withdrawals shortly afterwards. Although it did not confirm that the said transactions had occurred. It’s safe to say that BitMax will never forget the day that Bitcoin sold for $1 in August 2019.
Another exchange that wasn’t spared during this outage is KuCoin. The exchange also disabled part of its services and posted a notice on its website, which read:
“Due to the overheating of part of our chassis in the machine room we deployed in AWS, Tokyo, part of our services might become unavailable. The engineering operation team is currently deploying relevant resources of high availability across regions to deal with any possible emergencies that might happen. Some services might be affected during the deployment.”
The purchase of cheap Bitcoins was confirmed by the founding partner at crypto asset fund Primitive Ventures, operators of KuCoin, Dovey Wan who tweeted:
“Many Asian exchanges see price instability (and trades were able to execute, yes you can buy extremely cheap Bitcoin if you had limit orders there).”
Beyond the three exchanges mentioned so far, several other exchanges within the same region seemed to have encountered the same problem.
The Bitcoin price, which appeared to be finding stability above the $10,000 region seems to have struggled a bit since this development. Although Amazon has resolved the issue and the exchanges have returned to normal services, the Bitcoin price is still struggling below $10,000 (at the time of writing).
Issues like this are some of the limitations that confront centralized exchanges as we have them today. This is where peer-to-peer platforms like Vertex.Market have the upper hand. Risks such as the AWS issue are completely eliminated because trading is not based on an order book that is hosted on a third party platform. Although all of us will remember the day that Bitcoin sold for $1 in August 2019, not everyone will remember it with regrets.
https://medium.com/@official_83664/bitcoin-sold-for-1-in-august-2019-dda66ba532
submitted by OliAustin101 to CryptoTrading24 [link] [comments]

BitMax.io(BTMX.io)News Digest 2019 09 23

Major Headlines
  1. Bitcoin falls as futures exchange makes its trading debut
  2. Weekends are for altcoins when it comes to crypto market gains
  3. Google’s quantum “breakthrough” won’t destroy Bitcoin. Not yet.
  4. CoinShares Enlists Customers to Lobby Against UK Ban of Crypto ETN
  5. Bakkt Is Finally Launching Its Bitcoin Futures Today. Here’s What to Expect
  6. Crypto Exchange Giant Binance to Launch US Trading Tuesday
  7. IBM Says It’s Ready to Work with Facebook on Blockchain
  8. PBoC Denies Claims It Will Launch Digital Currency in November
Takeaway
  1. Bitcoin falls as futures exchange makes its trading debut
(All citations are taken from Bloomberg)
· The price of Bitcoin slumped 2.4% to $9,892 as 38 of the futures contracts offered on the Intercontinental exchange inc.’s Bakkt platform had changed hands.
· ICE highlighted the plan in part as a way for merchants to adopt cryptocurrencies as a payment method.
· First hurdle is to get enough traders to use its Bitcoin features.
  1. Weekends are for altcoins when it comes to crypto market gains
(All citations are taken from Bloomberg)
· Ether has bested Bitcoin in terms of daily percentage gains and has outperformed the largest digital currency in eight of the last 12 weekends.
· XRP has also gained over the past month while Bitcoin drops 5%
· Partner of JST Capital says Altcoins will continue to catch up and come to fruition at some level where the value proposition is being recognized more broadly.
  1. Google’s quantum “breakthrough” won’t destroy Bitcoin. Not yet.
(All citations are taken from CNN)
· The promise of an emerging era of quantum computing seemingly became a reality as Google released a new scientific paper.
· Known as Shor’s algorithm, the calculation enables the extraction of the private key from any public key.
· Currently, cryptographically secured public keys are the only safeguard standing in the way between users’ fund and financial ruin.
  1. CoinShares Enlists Customers to Lobby Against UK Ban of Crypto ETN
(All citations are taken from coindesk)
· Investment platform CoinShares is urging its customers to lobby the UK’s Financial Conduct Authority (FCA) over impending crypto asset regulations.
· In a letter to investors sent today, CoinShares has asked its customers to write emails and text messages to the UK regulator in support of one of its premiere products, exchange-traded notes (ETNs), which would be banned under the proposed regulation for retail investors.
· Similar to a bond, ETNs provide investors with returns based on a market benchmark such as the S&P 500. CoinShares offers exchange-traded products for bitcoin, ethereum, litecoin, and XRP.
  1. Bakkt Is Finally Launching Its Bitcoin Futures Today. Here’s What to Expect
(All citations are taken from coindesk)
· Bakkt, the Intercontinental Exchange-backed bitcoin warehouse and futures contract facilitator is launching Monday, opening the door for institutional investors to take positions on the cryptocurrency in a federally regulated venue.
· Bakkt’s futures will be physically settled. And according to the daily contract’s specifications, the bitcoin will be delivered on the second business day after the contract’s date.
· While Bakkt is also offering a 30-day bitcoin futures contract, the one-day version will essentially allow institutions to buy or sell bitcoin in a way that’s more familiar to them than the helter-skelter world of crypto exchanges.
  1. Crypto Exchange Giant Binance to Launch US Trading Tuesday
(All citations are taken from coindesk)
· Binance.US, the American arm of cryptocurrency exchange giant Binance, has announced it will start trading fiat-crypto and crypto-crypto trading pairs on Tuesday.
· The trading platform will list seven cryptocurrencies immediately upon the launch, including bitcoin, Binance coin (BNB), ethereum, XRP, bitcoin cash, litecoin and Tether’s USDT.
· The move is part of a larger expansion by Binance, which launched a fiat-to-crypto exchange on the island of Jersey, a British self-governing dependency in January.
  1. IBM Says It’s Ready to Work with Facebook on Blockchain
(All citations are taken from coindesk)
· IBM is willing to team up with Facebook to develop blockchain technology, an IBM executive said, explaining that developing the blockchain ecosystem is “a team sport.”
· IBM has been focused on developing its patented Stellar blockchain to facilitate cross-border payments and launched the World Wire, an international payments system that uses Stellar.
· World Wire aims to skip banking intermediaries that add complexity and cost to the traditional international payments systems by replacing them with digital assets sent over a distributed network.
  1. PBoC Denies Claims It Will Launch Digital Currency in November
(All citations are taken from coindesk)
· China’s central bank has denied recent reports that it will launch its national digital currency in November.
· News reports had also suggested that major banks ICBC, the Bank of China and the Agricultural Bank of China, as well as Alibaba, Tencent and UnionPay, would act as outlets for the digital yuan.
· The digital currency is not planned to replace the yuan and would be used in the retail sector and for payments like cash, the PBoC added.
(The contents above are all cited from corresponding websites, and don’t represent the opinion of BitMax.io platform)
submitted by o2ziga to BitMax [link] [comments]

Bitcoin Sold For $1 in August 2019

Bitcoin Sold For $1 in August 2019

https://preview.redd.it/tqaqxn43hwm31.jpg?width=4039&format=pjpg&auto=webp&s=df9bdae3effa8910a53d0e04884141c36f83368b
In a piece of reality that looks like a huge joke, it is on record that Bitcoin sold for $1 in August 2019 on certain exchanges in the Asian region. The news of this development broke on 23 August 2019 when some of the major exchanges within the region reported a malfunction within their systems.
Apparently, the Amazon Web Services (AWS) network experienced an outage which affected those platforms that were connected to it. Some of the exchanges that were affected include Binance, KuCoin and BitMax.
On the said day, the CEO of Binance, Changpeng Zhao (CZ) announced through Twitter that his exchange was experiencing some difficulties.
CZ tweeted:
“AWS is having an issue, mostly with caching services, affecting some users globally. We are working with them and monitoring the situation closely.”
During the malfunction, deposits and withdrawals were disabled on the Binance platform. Many replies followed the tweet from CZ with some of them expressing panic. He however continued to reassure his followers until the issue was eventually resolved. From his responses, it was clearly an issue with Amazon’s AWS, which he remained in contact with until it was resolved.
Some traders who played what looked like a wild card took advantage of the situation to buy Bitcoin for less than $1 during the outage. This was reported to have happened on BitMax exchange. Reports claim that these traders had set limit orders at extremely low prices. The hope of these traders was on some off-chance event like what just happened.
According to information that spread on social media, as much as 45 Bitcoins were purchased at sub $1 levels during this period on BitMax. The exchange announced immediate freezing of deposits and withdrawals shortly afterwards. Although it did not confirm that the said transactions had occurred. It’s safe to say that BitMax will never forget the day that Bitcoin sold for $1 in August 2019.
Another exchange that wasn’t spared during this outage is KuCoin. The exchange also disabled part of its services and posted a notice on its website, which read:
“Due to the overheating of part of our chassis in the machine room we deployed in AWS, Tokyo, part of our services might become unavailable. The engineering operation team is currently deploying relevant resources of high availability across regions to deal with any possible emergencies that might happen. Some services might be affected during the deployment.”
The purchase of cheap Bitcoins was confirmed by the founding partner at crypto asset fund Primitive Ventures, operators of KuCoin, Dovey Wan who tweeted:
“Many Asian exchanges see price instability (and trades were able to execute, yes you can buy extremely cheap Bitcoin if you had limit orders there).”
Beyond the three exchanges mentioned so far, several other exchanges within the same region seemed to have encountered the same problem.
The Bitcoin price, which appeared to be finding stability above the $10,000 region seems to have struggled a bit since this development. Although Amazon has resolved the issue and the exchanges have returned to normal services, the Bitcoin price is still struggling below $10,000 (at the time of writing).
Issues like this are some of the limitations that confront centralized exchanges as we have them today. This is where peer-to-peer platforms like Vertex.Market have the upper hand. Risks such as the AWS issue are completely eliminated because trading is not based on an order book that is hosted on a third party platform. Although all of us will remember the day that Bitcoin sold for $1 in August 2019, not everyone will remember it with regrets.
https://medium.com/@official_83664/bitcoin-sold-for-1-in-august-2019-dda66ba532
submitted by Vertex-ICO to Vertexmarketplace [link] [comments]

Amazon’s AWS Cloud Servers Blocked Some Crypto Exchanges From Operation

Amazon’s AWS Cloud Servers Blocked Some Crypto Exchanges From Operation

Amazon’s Tokyo-Based Servers Crashed Causing Limited Or No Connectivity To Servers
Issues with Amazon’s Tokyo-based servers caused global problems for Asian crypto exchanges, as the caching services seized operation. Binance’s CEO Changpeng Zhao alarmed about the problem in Twitter, stating that “Amazon’s servers are returning 500 Internal Server Error, blocking access to APIs related to the processing of withdrawals.”
The most probable reason for the server shutdowns is overheating, as crypto exchange KuCoin announced that an overheating issue in AWS’s servers caused some of their services to become completely unavailable. KuCoin further clarifies that their engineers are working to mitigate the problem in order to resume all operations.
The main concern of crypto exchange operators in Asia is that during the blackout, market data become very unpredictable and users could purchase Bitcoins very cheap with pre-placed limit orders. Dovey Wan, a founding partner of Primitive Ventures, signaled about the unusual behavior on Twitter, attaching a screenshot from crypto exchange BitMax. Data suggests that BitMax users could buy around 45 Bitcoin for under a $1 worth of USDT. Bitcoin’s retail price at the time was $10,190.
Amazon’s AWS cloud status page confirms the connectivity issues at their Asia Pacific Northeast servers, located in Tokyo. According to a press release from Amazon, the leading cause of the malfunction has been detected, and cloud engineers are already working on repairing the damage.
According to the status page, some EBS volumes are showing degraded performance. At 11:40 PM PDT, Amazon stated that they see recovery, and the team will continue working until recover all affected EBS volumes.
submitted by Crypto_Browser to u/Crypto_Browser [link] [comments]

The Growth Of Crypto Exchanges

The Growth Of Crypto Exchanges

https://preview.redd.it/3j0ncan5cme31.jpg?width=1920&format=pjpg&auto=webp&s=bb4084dbb21b395146d9ef152a6aaba3f76a868e
Bitcoin was created in 2009, since then a whole industry has emerged around it. One major group of players in the industry are the crypto exchanges. Even though it did not roll out in 2009 with Bitcoin, this sector is responsible for a lot of the development that has happened around Bitcoin and crypto. By taking a look at the growth of crypto exchanges, you will understand how the entire industry has evolved.
First of all, let us consider the existing crypto exchanges and how they have evolved over the years. Here is a list of some of the major exchanges and their launch dates (year):
Exchange Launch Dates (By Year)
  • 2010 – Mt Gox
  • 2011 – BitPay, BitStamp, BTC-e, Kraken
  • 2012 – Bitfinex, Coinbase, LocalBitcoins.
  • 2013 – Bitcoin Suisse AG, BitGo, BitMain, BitPesa, Bittrex, CEX.IO, Coinfloor, Huobi, ShapeShift.
  • 2014 – BitMex, Coincheck, OKEx, Xapo, Poloniex, KuCoin
  • 2015 – Bitwala
  • 2016 – BuyUcoin
  • 2017 – Binance
The above list is not exhaustive, however, a closer look at it reveals a trend that has been key to how Bitcoin has developed over the years. This trend, which coincides with the growth of crypto exchanges reveals how important that singular sector has become in the life of Bitcoin and cryptocurrencies.
2013 Was an Important Year in the History of Cryptocurrencies
The year 2013 has the highest number of new exchanges that came to life. This is the year that we can attach to the initial boost in the awareness of Bitcoin. Even the infamous Mt Gox, which started in 2010, became very popular in 2013. By this time, it was handling over 70% of all Bitcoins worldwide.
Bitcoin’s first attempt at the $1,000 mark was also in 2013. It was after this rise that it entered into the first crypto winter which lasted until the second half of 2016. That was when the biggest boom kicked in, dragging us through 2017 until an all time high price was achieved in January 2018.
A lot of other exchanges that are not listed above have also come into existence, especially after the 2017 exceptional price surge. Having coincided with the ICO boom era, the price surge happened when many projects were still in incubation. Among them were also a lot of exchanges.
New Generation Exchanges
Between 2017 to date, what we will choose to call a new generation of exchanges have made their presence known and contributed to the growth of crypto exchanges. Some of them include LAToken, Shortex, Bitforex, BitMax and many others. What these exchanges have been able to achieve is expansion in the industry and increased accessibility to users across the globe.
As many as they are, even as their primary goal is to provide access for users in the industry, the kind of services that the exchanges provide vary. It is the uniqueness of their services that determine the class of customers that particular exchanges attract. Some of them offer margin trading services, while others don’t. Some are strictly cryptocurrency exchanges, while others allow fiat transactions. The variations are too numerous to mention and can be confusing to users at times.
The good thing today is that platforms like tap have found solutions that harmonize the activities of the numerous exchanges and allow users to access them from a single point. Be it crypto-to-crypto trading, or crypto-to-fiat transactions, all can be executed on fiat.
The crypto-enabled transactions and other related services that tap offers cannot be exhausted in this post. However, it is interesting to note that for traders, or those who make use of the tap prepaid MastercardⓇ, the platform ensures that the best prices are provided for them. This is achieved through a software that scans through multiple exchanges to select the most competitive price whenever a trade or transaction is initiated.
Innovations such as this, and many more that we are seeing today all contribute to the growth of crypto exchanges and the expansion of the industry at large.
https://www.tap.global/the-growth-of-crypto-exchanges
submitted by OliAustin101 to Cryptochillout [link] [comments]

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Crypto Crime Cartel: BitMEX, Kraken, Binance, Bitcoin.com, Blockstream & Ethereum. Business 6 October 2020 . Jordan Atkins . The indictments and lawsuit against BitMEX and its founders are encouraging signs that law enforcement is cracking down on the criminal element within the digital asset sphere. However, BitMEX and their founders aren’t the only outfit to finally be called to account ... Bitmax Token price today is $0.04395612 with a 24-hour trading volume of $4,325,586. BTMX price is up 1.0% in the last 24 hours. It has a circulating supply of 770 Million coins and a max supply of 767 Million coins. BitMax is the current most active market trading it. Today price of bitcoin is 12998.820000 USD, last month on 25th September 2020 price of bitcoin is 10726.530083 USD, last year on 25th October 2019 price of bitcoin is 7433.915346 USD {{ reviewsOverall }} / 10 Users ( 1 vote) BitMax Token (BTMX) is a cryptocurrency and operates on the Ethereum platform. BitMax Token has a current supply of 780,615,274 with 660,615,274 in circulation. The last known price of BitMax Token is 0.03969011 USD and is down -0.45 over the last 24 hours. It is currently trading on 7 active market(s) with $3,350,300.14 traded over the last 24 ... Binance, BitMEX, and Coinbase are just a small sample of the major players in the Bitcoin market all fighting for a piece of the pie.BitMEX has long enjoyed dominance over the rest of the market, but new data shows that Binance is striking distance from overtaking BitMEX and becoming the top liquidity provider for massive market orders. Will the Bitcoin price rally? Experts remain bullish Ethereum Classic Hit By Third 51% Attack in a Month Unicorn IPOs, tech earnings and my favorite VC round from the week – TechCrunch BitMax Overtakes Binance, Becomes Most Profitable IEO Platform Amid Altcoins Bull Market BitMax: global digital asset trading platform; exchange for Bitcoin and other crypto coins & tokens; innovator of staking, margin & derivative trading product. BTC/USDT Binance price chart in real-time. Stats on multiple timeframes, order book, news and trollbox. Coinalyze. Futures Data. Individual Charts; Global Charts; Technical Analysis. Bitcoin Ethereum Ripple Bitcoin Cash Chainlink Binance Coin Litecoin Cardano Bitcoin SV EOS Monero Tron Stellar Lumens Crypto.com Coin Tezos UNUS SED LEO NEO NEM Cosmos Iota VeChain Dash THETA ZCash Ethereum ... BitMax.io is a Singapore-registered digital asset trading platform servicing retail and institutional clients across the globe. BitMax was formally launched in August 2018 with a mission to 'support financial market innovation and advancement of the crypto economy through building upon a series of open and fair market rules to the liquidity of the overall market, enhance market depth, and ... Today Binance Coin price in US dollars is currently 30.70 USD, and if converted to Bitcoin is 0.00236336 BTC.A total of 341,285 coin's are currently circulating in the Market.Binance Coin prices are currently experiencing a change of -0.08 %, check all cryptocurrency. Over the past 24 hours 4.913 M US dollars Binance Coin has been traded on Crypto Exchanges.

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Bitcoin Dump Manipulation ? Bitmex Binance Deribit Bybit Leverage Trading Liquidation

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