Facebook Is Having Trouble Fighting Scams About Its Own Altcoin – Futurism

Facebook Is Fighting Scams About Altcoin  FuturismWhen Facebook unveiled its new Libra cryptocurrency, the company asked us to trust it with our finances. Now, Facebook itself is getting inundated with people …
: worldnewsoffice
Facebook Is Having Trouble Fighting Scams About Its Own Altcoin – Futurism

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Buddy having a tough time getting in. Banks treating Bitcoin like online poker. Can’t even use our own money to buy things we want.

Buddy having a tough time getting in. Banks treating Bitcoin like online poker. Can't even use our own money to buy things we want. submitted by /u/calledbluff
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Buddy having a tough time getting in. Banks treating Bitcoin like online poker. Can’t even use our own money to buy things we want.

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Guesser is having a product feedback session with the Metamask team next week. Let’s collect suggestions from all the builder community!

If you’re building stuff on ethereum, your users have surely given you feedback related to Metamask often times. When users complain, usually talk to the app teams, not the tools. At Guesser, this pretty much every week.

I’m speaking with @omnatoshniwal from the Metamask team next Tuesday in a session specifically coordinated to communicate this feedback and help improve an essential in the ethereum ecosystem. I would love to hear from other product teams about your users would like to see improved.

Let’s collect them in this thread!

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Source: ethereum
Guesser is having a product feedback session with the Metamask team next week. Let’s collect suggestions from all the builder community!

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‘I Guess I’ll Have to Hodl It’ — Peter Schiff Admits Having Bitcoin

Gold bug feels the warmth of bitcoiners after $1,500 in donations


: cointelegraph
‘I Guess I’ll Have to Hodl It’ — Peter Schiff Admits Having Bitcoin

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Ethereum has no monopoly on DeFi market despite having most projects – Cryptopolitan

Ethereum has no monopoly on DeFi market despite having most projects  CryptopolitanDecentralized technology also referred to as DeFi was still progressing in last year but had to setbacks due to the crypto market crash of late.
: worldnewsoffice
Ethereum has no monopoly on DeFi market despite having most projects – Cryptopolitan

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Bitcoin Rally Crushes Alt Season Hopes, Small Cap Coins Down 54%

Bitcoin

New data is laying bare the extent of altcoin losses in 2019 as Bitcoin 00 steals lion’s share of the cryptocurrency market. 


Top 70 ‘’ Down 19 Percent Against BTC

Published by digital asset firm Bletchley, a variety of indices put some altcoin losses at over half since April this year. The trend has remained intact in recent weeks, despite volatility in the Bitcoin price. 

At press time, it was smaller-cap tokens which showed the worst performance, trading 54 percent down in the past three months. 

That number improves slightly among other indices tracking altcoins with larger market caps, such as the top ten.

Overall, Bletchley , the top 70 altcoins – selected according to meeting various – has gone from 0.048 BTC to 0.039 BTC since April 1, a shift of 18.75 percent.

“There are plenty of people who still think ‘alt season’ is just around the corner, but all eyes are on Bitcoin right now,” crypto journalist and commentator Kyle Torpey wrote in comments on the figures. 

Altcoins’ Dot Com Boom

As Bitcoinist reported, that idea that the ongoing Bitcoin price rally will ultimately spark a knock-on effect for altcoins is being increasingly called into question. 

Unlike in 2017, analysts worry that this time around, Bitcoin is definitively differentiating itself from the rest of the crypto sphere. 

According to veteran trading guru Peter Brandt last week, for instance, every token from Ethereum downwards is on the end, and only a few will survive the rout. 

Brandt likened the current climate to the Dot Com Boom of the early 2000s, noting how a return to form from the initial crash failed to materialize for all but a handful of companies such as

Traders should be focused on Bitcoin only at this point, he had said, eyeing a potential trajectory to $100,000.

other market in my 45 years of trading has gone parabolic on a log chart in this manner. Bitcoin is a market like other,” he summarized on social media. 

Indeed, in terms of attention, Bitcoin will continue to profit more than ever into 2020, thanks to the launch of multiple investor products. 

Three of these will be -delivered Bitcoin futures, where investors take delivery of Bitcoins, not . Bakkt, first of the thre will begin a trial later this month. 

Crypto exchange Binance and trading platform ErisX will also follow suit, the latter having US regulatory permission last week.

What do you think is the future for altcoin markets? Let us know in the comments below!


Images courtesy of Shutterstock, Longhash.com

The post Bitcoin Rally Crushes Alt Season Hopes, Small Cap Coins Down 54% appeared first on Bitcoinist.com.


Source: bitcoinist
Bitcoin Rally Crushes Alt Season Hopes, Small Cap Coins Down 54%

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Bitcoin Doubters ‘Having a Hard Time’ Continuing Doubting, Says Nexo Exec

Bitcoin doubters are having a really time, according to Nexo executive, Antoni Trenchev


: bitcoin news
Bitcoin Doubters ‘Having a Hard Time’ Continuing Doubting, Says Nexo Exec

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BTC Exchanges Having Hard Time Complying With SFC Regulation

btx exchanges


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BTC exchanges in Hong Kong are having quite the trouble complying with the new regulations from the Securities Futures Commission that demands compulsory insurance coverage against crypto theft. Let’s find out more about the insurance policies in the coming altcoin news below.

The Securities and Futures Commissions is another one of the regulatory bodies that joined in the prescription of a detailed governance framework for the virtual currency market. However, the nature of the industry brought up to the many factors which lead the platforms facing significant difficulties while trying to abide by the laws. The financial regulator of Hong Kong wants the local exchanges to provide full coverage for the customers’ funds. The new law is a part of the regulations which are expected to come since the regulators are aiming to regulate the entire Hong Kong Crypto scene.

The SFC published a document offering a general overview of the insurance framework for the BTC exchanges which needs to be followed. An excerpt from the reports reads:

 ‘’The SFC generally expects that the insurance policy would provide full coverage for virtual assets held by a platform operator in hot storage and a substantial coverage for those held in cold storage (for instance, 95 percent).’’


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As previously reported in the DC Forecasts latest cryptocurrency news, the Hong Kong regulators choose a different governing option from the countries including China and Mainland. They not ban cryptocurrency trading or ICOs but the SFC prefers to make a more robust framework which will allow the crypto commerce to thrive.

For the BTC exchanges, however, getting insurance coverage is a major issue. Insurers are not willing to create policies that will provide coverage for an industry like virtual currencies since they are not common. One of the biggest issues comes with the ongoing cyber attacks which harm the BTC exchanges the most. These attacks cost about $2billion in 2018 and some of the major exchanges were contributing with more than 50 percent of the total amount. The Insurance companies will provide only coverage for crypto exchanges and will charge a premium because of the high risks related to the digital assets. The Insurance giant Aon’s Murray Wood noted:

 ‘’The number of insurers and reinsurers that are willing to underwrite cryptocurrency cybersecurity risk is extremely narrow. The amount of available coverage capacity today is US$1 billion per transaction.’’

The post BTC Exchanges Having Hard Time Complying With SFC Regulation appeared first on DC Forecasts – Leading Digital Currencies.


Source: dcforecasts
BTC Exchanges Having Hard Time Complying With SFC Regulation

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