Former BitFinex Whale Expects Bitcoin Dump as Price Hits ...

The Number of BU nodes (265) is now lower than the BU price on Finex (400) /r/Bitcoin

The Number of BU nodes (265) is now lower than the BU price on Finex (400) /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

With the recent price drop it's like finex got hacked agian, but no haircut. /r/Bitcoin

With the recent price drop it's like finex got hacked agian, but no haircut. /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Bitcoin Newcomers FAQ - Please read!

Welcome to the /Bitcoin Sticky FAQ

You've probably been hearing a lot about Bitcoin recently and are wondering what's the big deal? Most of your questions should be answered by the resources below but if you have additional questions feel free to ask them in the comments.
It all started with the release of the release of Satoshi Nakamoto's whitepaper however that will probably go over the head of most readers so we recommend the following videos for a good starting point for understanding how bitcoin works and a little about its long term potential:
Some other great resources include Lopp.net, the Princeton crypto series and James D'Angelo's Bitcoin 101 Blackboard series.
Some excellent writing on Bitcoin's value proposition and future can be found at the Satoshi Nakamoto Institute.
Some Bitcoin statistics can be found here and here. Developer resources can be found here. Peer-reviewed research papers can be found here.
Potential upcoming protocol improvements and scaling resources here and here.
The number of times Bitcoin was declared dead by the media can be found here (LOL!)

Key properties of Bitcoin

Where can I buy bitcoins?

Bitcoin.org and BuyBitcoinWorldwide.com are helpful sites for beginners. You can buy or sell any amount of bitcoin (even just a few dollars worth) and there are several easy methods to purchase bitcoin with cash, credit card or bank transfer. Some of the more popular resources are below, also check out the bitcoinity exchange resources for a larger list of options for purchases.
Here is a listing of local ATMs. If you would like your paycheck automatically converted to bitcoin use Bitwage.
Note: Bitcoins are valued at whatever market price people are willing to pay for them in balancing act of supply vs demand. Unlike traditional markets, bitcoin markets operate 24 hours per day, 365 days per year. Preev is a useful site that that shows how much various denominations of bitcoin are worth in different currencies. Alternatively you can just Google "1 bitcoin in (your local currency)".

Securing your bitcoins

With bitcoin you can "Be your own bank" and personally secure your bitcoins OR you can use third party companies aka "Bitcoin banks" which will hold the bitcoins for you.
Note: For increased security, use Two Factor Authentication (2FA) everywhere it is offered, including email!
2FA requires a second confirmation code to access your account making it much harder for thieves to gain access. Google Authenticator and Authy are the two most popular 2FA services, download links are below. Make sure you create backups of your 2FA codes.
Google Auth Authy OTP Auth
Android Android N/A
iOS iOS iOS

Watch out for scams

As mentioned above, Bitcoin is decentralized, which by definition means there is no official website or Twitter handle or spokesperson or CEO. However, all money attracts thieves. This combination unfortunately results in scammers running official sounding names or pretending to be an authority on YouTube or social media. Many scammers throughout the years have claimed to be the inventor of Bitcoin. Websites like bitcoin(dot)com and the btc subreddit are active scams. Almost all altcoins (shitcoins) are marketed heavily with big promises but are really just designed to separate you from your bitcoin. So be careful: any resource, including all linked in this document, may in the future turn evil. Don't trust, verify. Also as they say in our community "Not your keys, not your coins".

Where can I spend bitcoins?

Check out spendabit or bitcoin directory for millions of merchant options. Also you can spend bitcoin anywhere visa is accepted with bitcoin debit cards such as the CashApp card. Some other useful site are listed below.
Store Product
Gyft Gift cards for hundreds of retailers including Amazon, Target, Walmart, Starbucks, Whole Foods, CVS, Lowes, Home Depot, iTunes, Best Buy, Sears, Kohls, eBay, GameStop, etc.
Spendabit, Overstock and The Bitcoin Directory Retail shopping with millions of results
ShakePay Generate one time use Visa cards in seconds
NewEgg and Dell For all your electronics needs
Bitwa.la, Coinbills, Piixpay, Bitbill.eu, Bylls, Coins.ph, Bitrefill, LivingRoomofSatoshi, Coinsfer, and more Bill payment
Menufy, Takeaway and Thuisbezorgd NL Takeout delivered to your door
Expedia, Cheapair, Destinia, Abitsky, SkyTours, the Travel category on Gyft and 9flats For when you need to get away
Cryptostorm, Mullvad, and PIA VPN services
Namecheap, Porkbun Domain name registration
Stampnik Discounted USPS Priority, Express, First-Class mail postage
Coinmap and AirBitz are helpful to find local businesses accepting bitcoins. A good resource for UK residents is at wheretospendbitcoins.co.uk.
There are also lots of charities which accept bitcoin donations.

Merchant Resources

There are several benefits to accepting bitcoin as a payment option if you are a merchant;
If you are interested in accepting bitcoin as a payment method, there are several options available;

Can I mine bitcoin?

Mining bitcoins can be a fun learning experience, but be aware that you will most likely operate at a loss. Newcomers are often advised to stay away from mining unless they are only interested in it as a hobby similar to folding at home. If you want to learn more about mining you can read more here. Still have mining questions? The crew at /BitcoinMining would be happy to help you out.
If you want to contribute to the bitcoin network by hosting the blockchain and propagating transactions you can run a full node using this setup guide. If you would prefer to keep it simple there are several good options. You can view the global node distribution here.

Earning bitcoins

Just like any other form of money, you can also earn bitcoins by being paid to do a job.
Site Description
WorkingForBitcoins, Bitwage, Cryptogrind, Coinality, Bitgigs, /Jobs4Bitcoins, BitforTip, Rein Project Freelancing
Lolli Earn bitcoin when you shop online!
OpenBazaar, Purse.io, Bitify, /Bitmarket, 21 Market Marketplaces
/GirlsGoneBitcoin NSFW Adult services
A-ads, Coinzilla.io Advertising
You can also earn bitcoins by participating as a market maker on JoinMarket by allowing users to perform CoinJoin transactions with your bitcoins for a small fee (requires you to already have some bitcoins.

Bitcoin-Related Projects

The following is a short list of ongoing projects that might be worth taking a look at if you are interested in current development in the bitcoin space.
Project Description
Lightning Network Second layer scaling
Blockstream, Rootstock and Drivechain Sidechains
Hivemind and Augur Prediction markets
Tierion and Factom Records & Titles on the blockchain
BitMarkets, DropZone, Beaver and Open Bazaar Decentralized markets
JoinMarket and Wasabi Wallet CoinJoin implementation
Coinffeine and Bisq Decentralized bitcoin exchanges
Keybase Identity & Reputation management
Abra Global P2P money transmitter network
Bitcore Open source Bitcoin javascript library

Bitcoin Units

One Bitcoin is quite large (hundreds of £/$/€) so people often deal in smaller units. The most common subunits are listed below:
Unit Symbol Value Info
bitcoin BTC 1 bitcoin one bitcoin is equal to 100 million satoshis
millibitcoin mBTC 1,000 per bitcoin used as default unit in recent Electrum wallet releases
bit bit 1,000,000 per bitcoin colloquial "slang" term for microbitcoin (μBTC)
satoshi sat 100,000,000 per bitcoin smallest unit in bitcoin, named after the inventor
For example, assuming an arbitrary exchange rate of $10000 for one Bitcoin, a $10 meal would equal:
For more information check out the Bitcoin units wiki.
Still have questions? Feel free to ask in the comments below or stick around for our weekly Mentor Monday thread. If you decide to post a question in /Bitcoin, please use the search bar to see if it has been answered before, and remember to follow the community rules outlined on the sidebar to receive a better response. The mods are busy helping manage our community so please do not message them unless you notice problems with the functionality of the subreddit.
Note: This is a community created FAQ. If you notice anything missing from the FAQ or that requires clarification you can edit it here and it will be included in the next revision pending approval.
Welcome to the Bitcoin community and the new decentralized economy!
submitted by BitcoinFan7 to Bitcoin [link] [comments]

Bitfinex: Up to US$400 Million Reward for Return of Stolen 2016 Bitcoin

Bitfinex is offering a reward to any persons that connect us with hackers responsible for the unauthorized transfer of almost 120,000 bitcoins from the exchange in August 2016. As part of the same initiative, Bitfinex is also offering a reward to the hackers themselves for the return of the stolen property. This incident is a dark chapter in our exchange's history, and we are pleased to offer this reward as further evidence of our determination to obtain the lost property.
Early in the morning on August 2, 2016, hackers breached the security systems of our exchange. As a result, 2072 unauthorised transactions were broadcast on the Bitcoin network, involving 119,755 bitcoins in aggregate. We have learned valuable lessons from this painful episode, addressing the security issues and vulnerabilities associated with the theft.
Today's announcement of a reward is our latest effort to recover these stolen funds. Those who put Bitfinex in contact with the hacker will receive 5% of the total property recovered (or equivalent funds or assets at current market values), and the hackers will receive 25% of the total property recovered (or equivalent funds or assets at current market values). Any payments made to those connecting Bitfinex with the hackers and the hackers themselves will be classified as costs of recovery of the stolen property.
The aggregate rewards available under this programme could be worth up to approximately US$400 million at the current BTC price if all bitcoins are fully recovered. The bitcoins stolen minus recoveries in 2019 are worth $1.344 billion today, with 30 per cent of that amount equal to $403,288,427.
In order to confirm the identity of the hackers, we will request that 1 Satoshi is sent from the wallet address responsible for the hack to a wallet address specified by Bitfinex. We will work to ensure this can be done safely, thereby protecting the identities of all parties, and Bitfinex reserves the right to impose conditions on any transfers in order to verify claims and ensure a secure process.
As the recent hacking incidents at Twitter and Ledger demonstrate, this type of crime continues to be a threat for all businesses in the digital asset space and the wider technology sphere. No-one in our community can afford to be complacent about the ingenuity of criminal gangs to perpetuate new types of fraud.
Bitfinex has made security the overriding, number one priority of the exchange. As an exchange, we know we owe our success to a customer base that has loyally supported us through good and bad times. In the aftermath of the 2016 security breach, the exchange provided BFX tokens to all affected users. Each token represented $1 of losses. Those BFX tokens started trading on Bitfinex at less than $0.20, and gradually increased in value to almost $1. Monthly redemptions began on September 1, 2016, and the last BFX token was redeemed at the beginning of April 2017. More than 52 million BFX tokens were converted to shares of iFinex Inc. at 1:1 tokens to shares.
We have continued to work with law enforcement agents in investigating the 2016 security breach. In February 2019, U.S. authorities recovered 27.66270285 bitcoins stolen in the 2016 hack, which were converted to U.S. dollars and paid to RRT (Recovery Right Token) Holders.
Those with information relating to the 2016 hack at Bitfinex can contact us at: @bitfinex2016 via keybase.
submitted by pmayall to CryptoCurrency [link] [comments]

[Daily Discussion] Sunday, April 28, 2019

Thread topics include, but are not limited to:
Thread guidelines:
Other ways to interact:
submitted by AutoModerator to BitcoinMarkets [link] [comments]

Why Everyone In Crypto Is Talking About DeFi?

A new movement is pumping oxygen into the cryptocurrency industry despite asset prices that remain 75% lower than where they were in late 2017.
It’s called DeFi, short for decentralized finance—it’s the notion that crypto entrepreneurs can recreate traditional financial instruments in a decentralized architecture, outside of companies’ and governments’ control.
And with fresh allegations of misused funds against the centrally controlled cryptocurrency tether, the argument for decentralized applications has become even more relevant.
Bitcoin and Ethereum are the original DeFi applications. Both are controlled by large networks of computers, not central authorities.
Many investors use bitcoin like gold, as a store-of-value investment that protects against inflation, while Ethereum has been instrumental—and controversial—in helping startups crowdfund their operations.
But newer apps are dominating the DeFi conversation. The “stablecoin” Dai is a bitcoin-like digital token that aims to be a global currency untouchable by central banks. Unlike bitcoin, its value is pegged to the U.S. dollar, drastically reducing the volatility that prevents bitcoin from being practical for everyday purchases. Compound is a crypto version of a money market fund, letting users earn interest. Dharma lets you issue and underwrite debt to gain investment returns.
“The goal of DeFi is to reconstruct the banking system for the whole world in this open, permissionless way,” says Alex Pack, managing partner at Dragonfly Capital, a $100 million crypto fund. “You only get that shot every 50 years.”
Salil Deshpande, a partner at Bain Capital Ventures who leads the firm’s crypto investments, thinks people first became interested in DeFi because “they have a libertarian streak.” They like that they can build censorship-resistant products, and some developers are simply fascinated with the technology and its capabilities.
The most powerful effects of DeFi applications, Deshpande says, will take shape over the long term. He points to Venezuela, where a steep drop in oil prices and poor government policies like printing vast amounts of money have crushed the economy, with inflation exceeding 1,000,000% last year, according to the IMF. “Central banks are just people, and people make mistakes,” Deshpande wrote in a 2018 blog post. Decentralized financial applications “can make our financial systems more transparent, more resilient and less fragile,” he says.
Jill Carlson, a former Goldman Sachs trader and strategy lead at blockchain company Chain, has been researching how Venezuelans are using digital assets to combat hyperinflation as part of a nonprofit she cofounded, the Open Money Initiative. “Crypto is not saving Venezuela,” she says. But bitcoin is being used by small numbers of people as a tool to protect against inflation and to send money to family members in other countries.
Dai, the most widely used DeFi application not counting Bitcoin and Ethereum, has spiked in popularity over the past six months, although adoption remains very low. About 21,000 people currently hold the asset, and in early April, it hit a peak number of daily transactions at 13,490. That’s up from less than 500 average daily transactions in the first few months after it launched in late 2017.
The software behind Dai is technologically complex and consists of over 1,000 lines of code, “which is a lot for crypto,” Dragonfly Capital’s Alex Pack says. It lays out rules for how new Dai are minted and how the system is maintained. For example, to create $100 worth of new Dai, users must pledge $150 of ether. They must also pay an interest rate or “stability fee,” because they’re borrowing Dai when they create it. Dai has a sister currency called MKR, and people who hold MKR vote to determine Dai’s interest rate.
Two percent of all ether, or about $339 million worth of ether, is locked up in Dai. Compound has about $34 million in locked ether, while Dharma has roughly $10 million.
The stablecoin tether has much more usage and adoption—it surpassed 44,000 transactions on April 4, according to Coin Metrics. But it’s not decentralized, since it’s managed by iFinex, a widely scrutinized Hong Kong company recently accused of moving money from its tether stablecoin reserves to cover up for $850 million in missing funds on its Bitfinex exchange. Such incidents make the case for a decentralized currency even more compelling.
Despite the potential for noble use cases of Dai, like helping residents of troubled countries, people are primarily using it to make bigger, leveraged bets on Ethereum. Investors can pledge ether to borrow Dai, and then use that Dai to buy more ether. A second use case: Traders who want to exit out of a volatile cryptocurrency can swap it for Dai instead of a fiat currency. Dai is also being used as money by “financially underserved communities, such as many people in South America,” says Rune Christensen, CEO of the Maker Foundation, the nonprofit that built Dai’s software.
What are the biggest risks of DeFi applications? “The smart contracts could be hacked,” Pack says. “There could be a backdoor that allows someone to steal all of your keys. But you’re trusting in open-source code—over time, many eyes are looking at it.” Christensen notes that Dai’s software has been audited four times by well-respected security research firms like Trail of Bits.
While the DeFi movement has many fans, some traders don’t think it will move the needle on cryptocurrency adoption. “Technologically, I think it’s brilliant,” says Jeff Dorman, chief investment officer at digital asset management firm Arca. But he sees more promise in a stablecoin created by a large company with many users, pointing to recent reports that Facebook is working on one. “Ultimately, distribution wins out,” he says.
Dorman doesn’t mind that Facebook’s coin would be centralized. “That’s why so many passionate libertarians and government anarchists are in crypto,” he says. “They see this utopian future that we one day might get to, but we’re not getting there overnight. So let’s walk before we run.”
submitted by jakkkmotivator to Latest_Defi_News [link] [comments]

What Is a Cryptocurrency Exchange?

What Is a Cryptocurrency Exchange?

https://preview.redd.it/1v6z6af9jcf51.png?width=963&format=png&auto=webp&s=5b29763a9609c95dc0941c1a9edc443b2e3c1127
A cryptocurrency exchange is the meeting point where traders exchange their cryptocurrencies for fiat money or other cryptos. These online exchanges, where the market price is generated, mark the value of cryptocurrencies based on supply and demand. It is a virtual space that allows the purchase and sale of cryptocurrencies.
Since the appearance of Bitcoin in January 2009, cryptocurrencies have quickly demanded the use of this type of platform to access decentralized assets. The first cryptocurrency exchange was developed in March 2010 under the name of Bitcoinmarket. Since then, many proposals have emerged in the crypto space to provide quality options to cryptocurrency traders worldwide.
Listing
One of the important achievements of a Blockchain platform is getting your currency listed on a major cryptocurrency exchange in the digital finance arena.
According to the Cambridge Dictionary, in the stock market, the term ‘listing’ refers to a place in a list of companies whose shares are bought and sold on a particular stock market, or the act of putting a company on a list. In the case of cryptocurrencies, the native tokens or coins of a blockchain platform represent those ‘shares’ of the platform.
However, being listed on exchanges, especially on major ones, is neither easy nor straightforward. Many cryptocurrency exchanges have well-defined listing criteria to list the cryptocurrencies of credible projects, and not all projects meet the criteria the exchanges present.
How exchanges operate
Cryptocurrency exchanges can be classified into different types, but they all share something in common. They are all platforms designed to facilitate the participation of their users in the alternative cryptocurrency market.
For this, they have fundamental and technical analysis tools and a large number of indicators so that traders can make the best decisions at all times within the market.
Depending on the type of exchange used, transactions work on the platform or user side, all based on the benefits offered by blockchain technology.
Most of the exchanges charge a commission on the buy-sell operation established by the trader. Also, those transactions are confirmed in the native blockchain of currency on which it is operated. Thus, for example, if you deposit or withdraw a certain amount of BTC in Binance, you will have to wait for the confirmation of the bitcoin blockchain network. You can see the corresponding balance successfully reflected after your transaction is confirmed.
What is the difference between a CEX and DEX
As we mentioned earlier, there are many categories of cryptocurrency exchanges, but fundamentally two large groups dominate the scene: centralized «CEX» and decentralized «DEX» exchanges.
The first group corresponds to traditional exchanges, where access to buy or sell their tokens according to the market price.
Compared to DEX, they are highly regulated platforms that must meet KYC(Know Your Customer) and AML(Anti money laundering) standards. It means that there is no privacy on their platforms since users are forced to reveal their identity to trade. Coinbase, Binance, Kraken, Bithumb, and Bitfinex are examples of this type of exchange.
Moreover, CEX charges for its services, and some of them offer funding alternatives through traditional bank accounts or conventional credit cards. By charging commissions, CEX keeps the platform functioning and generating income.
In the case of decentralized exchanges or DEX, they are a direct evolution of the traditional ones. Although they work in a similar way to the CEX, they are able to operate in a decentralized way thanks to smart contracts. It indicates that there are no intermediaries, and the platform is self-supporting due to its programming. In addition to this, DEX usually has high levels of privacy and even anonymity since it does not require KYC or AML. Some of the examples of DEX are AirSwap, Bancor, UniSwap, and Bisq.
However, despite its mentioned qualities, there are defects that traders are reluctant to use DEX exchange. In many cases, its interface is difficult to use for the average trader to operate, and it has limited order types. Also, its low liquidity that generates high spreads drives away the users.
Where FLETA is listed
In the case of the FLETA token, we can find it available in a large number of exchanges globally.
Since our first listing on the GDAC Exchange with the FLETA / KRW pair, the token is now available on five more exchanges for a total of enlistment in 08 pairs within six global exchanges.
Below you can find the complete list of token availability in cryptocurrency exchanges in the market:
● Bithumb «FLETA / KRW»
● Coinone «FLETA / KRW»
● Bithumb Global «FLETA / USDT»
● Bittrex «FLETA / BTC»
● DigiFinex «FLETA / ETH»
● DigiFinex «FLETA / BTC»
● GDAC «FLETA / KRW»
● Bitsonic «FLETA / KRW»
**
submitted by fleta-official to fletachain [link] [comments]

Daily General Discussion - August 5, 2017

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Thank you in advance for your participation. Enjoy!
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Bitcoin From BitFinex's 2016 Hack, Moved to an Unknown Wallet

Bitcoin From BitFinex's 2016 Hack, Moved to an Unknown Wallet
As per #WhaleAlert, a blockchain tracker system, around $5 million worth of stolen #Bitcoin from #Bitfinex in 2016 was moved to an unknown wallet last July 24th. This event could trigger a possibility of -$40 #BTC price drop if liquidated.
Visit our website:👉https://tokenmarketcaps.com/news
Bitcoin From BitFinex's 2016 Hack, Moved to an Unknown Wallet
#Tokenmarketcaps #CryptoNews #Tokenmarketcapsnews
submitted by Tokenncoin to Tokenncoin [link] [comments]

Nearly $89 million in bitcoin is withdrawn from Bitfinex’s cold wallet

Nearly $89 million in bitcoin is withdrawn from Bitfinex’s cold wallet submitted by TheRealCryptKeeper to Bitcoin [link] [comments]

AMA Recap: Heatherm Huang, Co-Founder of Measurable Data Token, discusses how Alternative Data rise midst of Covid Wave

AMA Recap: Heatherm Huang, Co-Founder of Measurable Data Token, discusses how Alternative Data rise midst of Covid Wave

https://preview.redd.it/qvvmwcnr9sa51.jpg?width=1080&format=pjpg&auto=webp&s=454c1e1655920deb772f04071e731ad13e798d1f
Guest Bio
Heatherm Huang
Huang is the Co-Founder of Measurable Data Token (MDT), a decentralized data exchange ecosystem connecting users, data providers, and data buyers and denominates the value of data.
As a Serial Entrepreneur, Huang got himself involved in the Research & Development of the world’s first ever talk-and-hold voice chat system, TalkBox, then the number one mobile chat application in China and across Southeast Asia in 2010. The hype around Talkbox had Tencent offering to acquire the mobile chat application that was turned down. Tencent then released a new version of Wechat, that holds the same talk-and-hold voice chat system that Talkbox has, now familiar to all,and it was at that time that Wechat broke the telecommunications industry. Talkbox and its competitors faded in the industry soon after.
Huang’s Talkbox venture was adapted in Chinese drama, Entrepreneurial Age, with renowned celebrities, Xuan Huang and Angelababy being the main characters.
Kiana Shek
Kiana formerly worked as Deputy General Manager of Business at Baidu. Along with her strong financial education background, Kiana holds rich experience in Big Data, AI, finance & international business development. She joined DigiFinex as Co-Founder at the end of 2017, and is committed to build a secure, convenient and transparent environment for high-quality blockchain asset transactions for users globally. She is also an active speaker at different industry conferences around the globe.

The AMA
Kiana Shek (Left) & Heatherm Huang (Right)
Kiana: Hi Heatherm, it's our honor to have you here with us today. Could you please give us an introduction of MDT?
Heatherm: Hi Kiana, my pleasure to be here today. Definitely. The MDT is a blockchain-based distributed computing platform with smart contracts securely stored in the Ethereum blockchain. It denominates the value of data in this new economy. It connects users, data providers, and data buyers and denominates the value of data. The MDT launched two products:
  1. MyMDT Data Wallet, a decentralized application (Dapp) based on Ethereum that allows users to get rewarded for sharing anonymous data points and is a user-oriented portal in the MDT ecosystem.
  2. Measurable AI, a business-oriented alternative data analysis platform that turns anonymous data into sophisticated consumer insights.
Kiana: That's such an interesting concept. I am curious to know, and I'm sure so does everyone, how did MDT come about?
Heatherm: The mission behind MDT is to solve our own problems. Back in 2016, our team started venturing into data under the guidance under the guidance of Gmail creator, Paul Buchheit. Paul mentioned that the most valuable thing about Gmail is not the service itself, but the data. Gmail data enables Google to create personalized and intelligent products for its users, and helps Google build better artificial intelligence. Our product, Measurable AI, is also built to understand the market by gathering electronic receipts from billions of online consumers, thereby increasing consumer data value. The more familiar we are with the big data industry, the better we can understand its problems. In data, privacy and traceability have always been contradictory issues. Although Google uses user data to provide better services to users, it is still resisted by users to date.
As data providers, we often try to prove that our data sources are real, and all data points come from real users of our own platforms. However, to prove this, the privacy and anonymity of real users will be compromised to some extent. On the other hand, data buyers also find it a challenge to ensure that the data products they will get are effective. In data, blockchain can solve this problem. After many years of exploration in the field of consumer products and big data, our team realized that we have to compensate consumers who have contributed valuable data.
We finally launched MDT at the end of 2017. We believe that the monetization of user data will be ubiquitous in the future, and we hope to use the results we have established to start this ecosystem.
Kiana: Thank you so much for explaining in such detail. I want to know who your target markets are and how you strategize in marketing your products across different regions of the world?
Heatherm: Southeast Asia, China, Brazil, and India will be our main target markets. They all have huge potential to expand and sustain the development of Measurable AI. At present, the main promotion channel of MyMDT data wallet is still the mainstream of users based on MailTime. Our upcoming independent app that focuses on the concept of "data cashback" will also become a major promotion channel, and its audience covers not only the cryptocurrency user group, but also the mainstream user group. Promotion services in different regions will be tailored to local market conditions. For example, the most common transaction data in the European and American markets is still credit card data, but in some emerging markets such as China, it is mobile payment data, and the consumer behavior and habits of users are also different. In different countries and regions, we will also adopt different promotion forms and modify our products to suit varying needs.
Kiana: Got it. Back to today's topic, what is MDT's alternative data that users should be concerned about? How is it related to MDT?
Heatherm: Alternative data refers to unconventional, unexpected, and unidentified potential data. Unlike traditional data sources such as public financial reports, alternative data is not well known. This is where its value lies. Measurable AI is a blockchain-driven alternative data provider at the present day.
Kiana: I believe users have a new understanding of alternative data now. Is MDT an option for both data providers and crypto asset investors? How will MDT benefit investors?
Heatherm: Alternative data providers are responsible for collecting, cleaning, analyzing and understanding data collected from non-traditional sources. For example, providers can assess the community's response to crypto assets to predict their future value and price movements. Although they are valuable, they do not fully reflect the company's operating conditions.
In today's data-driven era, investors need more than endless numbers on spreadsheets. They need insightful data to make informed decisions in the market. Certain financial markets, such as encrypted assets, do not revolve around traditional financial data sources. Cryptocurrencies like Ethereum or Bitcoin cannot be effectively analyzed through financial statements because their prices are determined by factors other than common data sources. Alternative data fills this gap. As the name suggests, alternative data refers to information obtained from non-traditional sources (such as social media and consumer trends), which helps investors have a deeper understanding of investment tools.
Kiana: The novel coronavirus (COVID-19) is rampant, has Measurable Data been affected in development? What measures have you taken to counter the challenge for the safety of the team? What contribution has MDT made to society against COVID-19?
Heatherm: Due to the pandemic, the MDT team worked at home for 3 months until May when the team returned to office. However, the great impact COVID-19 has on the global economy, the demand for alternative data has increased for hedge fund clients. In the past few months, we have served more than 10 hedge funds and seller research institutions, providing them with first-hand consumer insights for many listed companies to analyze the pandemic's impact on the revenue of these companies and the speed of recovery. A few weeks ago, I accepted an interview with Bloomberg. I mentioned that the recent pandemic and the Luckin Coffee scandal has greatly boosted the demand for alternative data because hedge funds hope to use alternative data to monitor the pandemic's impact on major companies and its recovery rate. This is the value of alternative data.
Kiana: What do Alternative Data providers do? Is MDT an Alternative Data provider and Cryptoasset investor at the same time? How does the data benefit the investor?
Heatherm: Alternative data providers are the ones responsible for collecting, cleaning, analyzing, and making sense of data collected from non-traditional sources. For example, a provider may assess how the community is reacting to a crypto asset to predict its value and price movements in the future. Though valuable, they don't give the full picture of how a company is doing.
In today's data-driven landscape, investors require more than endless numbers on spreadsheets. They need insightful data that is actionable enough for them to make informed decisions in the market.
Certain markets like crypto assets also don't revolve around traditional financial data sources. Cryptocurrencies like Ethereum or Bitcoin cannot be analyzed efficiently with financial statements since their prices are determined by factors outside of commonly used data sources.
Alternative data fill this gap. As the name suggests, alternative data is information derived from non-traditional sources — like social media and consumer trends — that help investors obtain more in-depth insights on investment vehicles.
Kiana: Wow, Alternative Data providers play such a crucial role in the economy. How does MDT ensure that data security and privacy are well protected under regulations like GDPR?
Heatherm: In an increasingly digitized world, huge quantities of "alternative data" are being generated every day which can complement or substitute for traditional financial data (such as information on loan payments, defaults and bankruptcies) and open the door to financial services for previously unserved or underserved customers.
Data protection and privacy require a new way of thinking and preparation as regulatory or institutional frameworks to protect individuals and firms either do not exist or are rapidly outpaced by technological advances.
Kiana: Makes sense. The world will only get more digitized each day. Who do you consider your competitors and why do you think you are better than them?
Heatherm: Projects that share similar ideas of compensating users for sharing rewards are DataWallet, and GXChain.
DataWallet recently pivoted to a data compliance service platform for startups. GXChian also rewards users for sharing data, however, their focus is on users' personal information for credit checking and user profiling.
MDT is focused on anonymous and aggregated consumer transactional data for industry insights' purpose, and we endeavour to never involve any personal data.
Although we both reward users for sharing data points, we share different business models and positioning on what type of data to get involved in and how users can monetize over their data.
We believe the scenarios MDT creates now is more likely to be adopted by the public.
  1. It involves only aggregated and anonymous data points for a transparent purpose
  2. It is easier for users to get started without privacy issues (on blockchain, but accessed through user-friendly dapps
  3. It benefits the data buyers financially and socially for joining an initiative of a company compensating users for data.
Watch
We had a fruitful AMA session with Heatherm Huang, and learnt on how MDT as a decentralized data exchange ecosystem enables for honest, efficient, and transparent trading in the crypto financial market. To watch the AMA Live, click: AMA | Measurable Data Token: Unveil Covid-19 Impacts with Alternative Data
Please stay tuned to our next episode of AMA Live.

Source/s: Measurable Data Token
submitted by DigiFinex to u/DigiFinex [link] [comments]

[Daily Discussion] Wednesday, October 17, 2018

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[Daily Discussion] Wednesday, November 08, 2017

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Tether emergency hardfork, 30,000,000 freshly minted USDT allegedly stolen

Tether emergency hardfork, 30,000,000 freshly minted USDT allegedly stolen submitted by biggest_decision to btc [link] [comments]

Tether prints 250,000,000 USDT - 18-05-2018 18:17:17 UTC

Tether appears to be back at it and printing large batches of USDT, this time around it is 250,000,000 USDT in one go: https://omniexplorer.info/tx/23407cc132443fe5eff94d19ca016705623ca490c74d1a215a1026d801972263
The last print was 20-03-2018 18:51:15 UTC of 300,000,000 USDT: https://omniexplorer.info/tx/f3efac4b6203248fc06e2788b61e732319a6e596768f5240680f944780ff84f4
Pump incoming?
EDIT: pump happening, it seems:
Bitfinex BTCUSD after the print: https://i.imgur.com/s3XlY1V.png
Bitfinex ETHUSD after the print: https://i.imgur.com/bGnI4ZS.png
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[Daily Discussion] Friday, August 18, 2017

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[Daily Discussion] Tuesday, October 17, 2017

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[Daily Discussion] Saturday, September 30, 2017

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Tether Critical Announcement - $30,950,010 USDT was removed from the Tether Treasury wallet on November 19, 2017 and sent to an unauthorized bitcoin address.

https://i.redd.it/e3rs7fyw29zz.png
x-post from you know where.
https://tether.to/tether-critical-announcement/
submitted by Chronotide99 to BitcoinMarkets [link] [comments]

[Daily Discussion] Tuesday, February 21, 2017

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In case you had any doubts this rise is from wash trading

Check it out here:
https://medium.com/@bitfinexed/wash-trading-bitcoin-how-bitfinex-benefits-from-fraudulent-trading-8bd66be73215
It is pretty astounding what exchanges can still get away with in crypto in 2017.
I definitely DO NOT trust this last rise as BitFinex have been playing with Spoofy, wash trades and margin lending since 2014.
It might just collapse one day, bringing down the Bitcoin market to where it would have been intrinsically without the fake volume and fake funds.
submitted by Yanlii to BitcoinMarkets [link] [comments]

20 million more Tethers added

20 million more Tethers added submitted by aj0936 to btc [link] [comments]

Bitcoin-Crypto Live - 0x & Coinbase!- BitFinex Drama ... Is Tether (USDT) & BitFinex the Next Big Altcoin Scam for 2018? Buxcoin @ CashFinex Latest Update & Price On Cashfinex Urdu / Hindi BitFinex Exchange Review by FXEmpire Former BitFinex Whale Expects Bitcoin Dump as Price Hits ...

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Bitcoin-Crypto Live - 0x & Coinbase!- BitFinex Drama ...

Otázky: Co je Bitcoin Halving? To jsem zvědavá co příjde. Celý text najdete na Finex.cz https://finex.cz/bitcoin-halving-puleni-bitcoinu/?gclid=Cj0KCQjwy6T1B... Visit LEDN to check out getting a bitcoin-backed loan! https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685 Check out my website: http://btcsession... Bitcoin, EOS, Ethereum, and Ripple's XRP Daily Tech Analysis August 1st, 2020 ... Silver Price Analysis For July 31, 2020 By FX Empire - Duration: 1:04. FX Empire 476 views. New; 1:04 . How To ... Bitcoin bulls should expect pain ahead even as the cryptocurrency has added more than $1,000 to its value in the last five days. So says Joe007, a pseudonymo... Bitcoin-Crypto Live - 0x & Coinbase! are looking like a go- BitFinex is having Drama - Einsteinium 51% attack filming live - ZRX TRX ETN are up nicely! Subsc...

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