Binance Launches Tezos (XTZ) Margin Trading: Key Points to Watch

Ursprünglich erschienen auf: https://cryptocurrencynews.com/binance-launches-tezos-margin-trading/?utm_campaign=rss__ccn&utm_source=rss&utm_medium=rss

The crypto market might be going through a massive slump at this point in time, but that has not stopped the biggest crypto exchanges from introducing new products. In a new development that will come as a further boost to crypto traders, Binance Binance has decided to launch margin trading in Tezos (XTZ) on its platform.

Important News for Tezos

Considering the fact that Binance is the biggest crypto exchange in the world in terms of trading volumes, this is good news for the crypto community and also for Tezos. Despite the current troubles in the …

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UPbit Loses $49 Million Worth of Crypto in Major Hack

Ursprünglich erschienen auf: https://cryptocurrencynews.com/upbit-eth-crypto-hack/?utm_campaign=rss__ccn&utm_source=rss&utm_medium=rss

UPbit, a South Korean-based crypto exchange, has lost 342,000 worth of ether (ETH), accounting for approximately $49 million USD, in a hack earlier today.

UPbit Says Investors Assets Are Safe

The exchange has suspended its deposit and withdrawal service after confirming in a statement that the assets had been stolen from the Upbeat Ethereum hot wallet to a previously unknown wallet address. UPbit has said that it will cover the losses but added that it may take at least two weeks before the exchange’s services are fully functional again. Any remaining cryptocurrency in the exchange’s hot …

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Waltonchain Mods Deleted Another ‚TOKEN SWAP‘ post!

Ursprünglich erschienen auf: https://www.reddit.com/r/CryptoCurrency/comments/e3csvx/waltonchain_mods_deleted_another_token_swap_post/

Hi guys, I'm the mod that deleted another brigaded post about token swap.

What happens in our sub is that people from tribes of another crypto (in this case, and in all previous cases its the same community unfortunately) pose as investors/supporters and ask a question while fudding hard.

What they then do is go and comment lies, misinformation, and upvote tf out of it. Similar to how they do this on r/cc and have previously been banned for doing so. The next step of their tried and tested method of misinformation and FUD is to post on r/cc with a title like I have, and claim they were fully invested but sold due to xyz reason. These people are scammers that misinform and purposefully deceive the crypto community for their own benefit. In this case, they are against Waltonchain because they believe it to be a scam – even though the team is literally helping to set China's blockchain standards along with another project, Matrix AI Network, and entities like Tencent, Zhong An, Alibaba and JD.

For example… read this

"Wtf is going on with token swap???It seems like a month ago they said token swap was coming.Seems like they are just doing the same thing as last April in order to dump the rest of their coins.Does anyone even have proof they followed any of the multiple "lockups" "

Just to answer this,

  1. Token swap is happening – it has already occurred on two exchanges and talks are still happening with Huobi and Binance.
  2. Token swap with personal wallets will be happening between now and January according to the latest update in Telegram.
  3. 'they are doing the same thing as last april in order to dump the rest of their coins' is a FUD comment. EVERY ICO raises money to develop their project – and subsequently they do sell tokens on the open market to do so.
  4. Yes, proof of lockup is that they have not sold any of the funds that you guys have said they did. For example, you've repeatedly said the team sold all the GMN payout funds. That was a lie.

For all communities I urge you to ask questions – always seek answers and verify everything. But if you're entering a public forum to fud a project to mislead people AND have masses of your group brigade-upvote the post & negative comments, and to brigade-downvote the actual answers, then yes, I and the mod team will 100% call you out on it and delete the post.

Also, if anyone really wants to keep up with the project the best way to do so is on Twitter or Telegram.

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Bitcoin Corrects 45% from Highs: Is the Correction Over?

Ursprünglich erschienen auf: https://cryptocurrencynews.com/bitcoin-corrects-highs-11-28-19/?utm_campaign=rss__ccn&utm_source=rss&utm_medium=rss

After having been in a slumber for most of 2018 and recording steady declines, Bitcoin returned with a bang in the first half of this year. Throughout the first six months of the year, BTC enjoyed an incredible rally that raised visions of unprecedented highs, but this all soon came to a halt.

Why the Sudden Fall?

Now, the biggest cryptocurrency in the world is in the middle of a major slump, and since its high of $14,000 earlier this year, it has slumped by more than 50%. That being said, it should be kept in …

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Bakkt Futures Trading Volumes Continue to Grow—But There’s a Catch

Ursprünglich erschienen auf: https://cryptocurrencynews.com/bakkt-futures-trading-volumes-catch/?utm_campaign=rss__ccn&utm_source=rss&utm_medium=rss

Bakkt futures trading volume hit a record high of 4,269 BTC in a single day; however, very little Bitcoin has actually been physically settled on the exchange.

The launch of the futures trading exchange from the Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, was one of the most highly anticipated events on the 2019 crypto calendar. However, Bakkt got off to a sluggish start and traded only 623 futures contracts in the first week of launch in late September. Volume has started to pick up pace in recent weeks, hitting ~$37.45 …

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EOS New York Exposes Duplicate Block Producers

Ursprünglich erschienen auf: https://thebitcoinnews.com/eos-new-york-exposes-duplicate-block-producers/

EOS New York has put forward a worrying discovery about the network. It seems not all block producers are independent, and some of the positions are controlled by a central entity.


Single Entity Registered Six BP Domains

EOS New York has discovered that six of the current block producers are linked to a single entity, potentially taking away nearly a third of the network block production power. Rewards and computational resources are also more centralized than expected.

Based on URL ownership, EOS New York discovered the domains for six block producers were purchased by a single email account.

EOS Network Centralized, Attackable

Until recently, the chief accusation was that EOS had a disproportionate number of block producers in China. However, in the case of fair application and voting, this would simply be a matter of more Chinese entities applying and being elected.

The discovery arrives at an unfortunate time for the EOS network. At this point, resources are severely constrained and pointed toward distributing the EIDOS token through a process of simulated mining.

Additionally, speed and resource constraints made the EarnBet app post its 30-day notice after a decision to move to another network. The overall volume on the network has been lowered, and dApp activity has lost the volumes coming from bots.

Currently, there are no constraints for becoming a block producer, and no need to disclose a public identity. This clashes with some of the highly public communities, including EOS Canada and EOS New York, which have helped popularity and consensus since the launch of EOS.IO.

But afterward, anonymous producers and related whales managed to get into the list of 21 BPs. This opens the door to a potential Sybill attack, where anonymous malicious actors can hijack the vote and consensus, and approve faulty transactions or exploits.

The possibility for a single entity to hold the resources of multiple block producers also raises the question of whether 21 nodes are enough to achieve safe consensus. The EOS community still has the possibility to not vote the linked BPs, which are still not among the elected top producers.

The EOS project is one of the most prominent platforms, but has gathered multiple criticisms, starting from the ICO process itself. EOS accounts are also not censorship-free, and the Constitution has rules to freeze coins and tokens and ban users.

What do you think about the EOS block producers? Share your thoughts in the comments section below!


Images via Shutterstock, Twitter @eosnewyork

The post EOS New York Exposes Duplicate Block Producers appeared first on Bitcoinist.com.

 

source: https://bitcoinist.com/eos-new-york-exposes-duplicate-block-producers/

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