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July 2020 Updates

July 2020 Updates

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The month of July has been very busy but productive for the Swipe team. With the recent partnerships, announcements, and launches that were revealed, Swipe has indeed trying its best to achieve its mission of mainstreaming cryptocurrencies worldwide.
Swipe & Binance Seal Partnership
Swipe and Binance users got the exciting news that they have been waiting as the two companies simultaneously announced on July 7, its partnership through an acquisition move of Binance.
Binance, one of the world’s largest digital asset exchange, completed its acquisition of Swipe for an undisclosed amount. The acquisition aims to further mainstream the adoption of cryptocurrencies by bridging the gap between fiat and digital assets.
In line with this partnership, Swipe has also announced the integration of Binance Coin ($BNB) and Binance USD ($BUSD) on the Swipe Wallet application. Swipe users can now buy and sell crypto with their linked debit or credit cards, spend it to fiat via Swipe Visa Card and swap it instantly with other coins available on the app.
Also, Swipe’s native token $SXP is now listed on Binance Korea and Binance, with SXP/USDT perpetual contract with up to 50x leverage for all professional traders on the Binance platform.
Swipe Wallet v 1.5 Update
Swipe’s recent application update now lets users of choose from eight different languages such as English, Spanish, Italian, French, Portuguese, Chinese, Korean, and Japanese to use on their app. This will help users who are native speakers of these languages to transact within the app more effectively.
Download the updated app today: http://sw.pe/App
Swipe Card Rewards
Swipe Visa Card users will now have the choice to get up to 4% cashback in either Bitcoin ($BTC), Swipe Token ($SXP), or Binance Coin ($BNB) on every purchase at over 60 million merchants worldwide that accepts Visa.
European and the United Kingdom users can order their Swipe Visa cards their cards here: https://www.swipe.io/cards/
Swipe Slate Card Update
Swipe users who are interested to upgrade their current Swipe Saffron Cards to Swipe Slate cards can now do so with a lowered $SXP six-month stake requirement of 30,000 SXP!
This lowers the cost of entry for our black card by 10x from the initial 300,000 $SXP staking requirement.
Swipe x FTX
Swipe’s native token $SXP is now listed on FTX exchange. Users can now trade futures, spots, and leverage markets on FTX’s website. As $SXP markets are now live on FTX, both companies launched two events on the FTX platform to encourage users to start trading $SXP.
The first event, Buy/Deposit SXP and Split a 40,000 USD Prize Pool, was held from July 17 to 31. $20,000 prize was divided to users who net buy more than 100 SXP, and also another $20,000 to those who net deposit more than $100 or 100 SXP of accepted collateral into the FTX during the event.
The second event, which is the SXP Tokens Trading Competition, has a total prize of 15,000 USD. Participants who will trade more than $200 worth of SXP products will split the prize pool of a maximum of 10,000 USD. The event is still ongoing and will run until August 17. More details are available on https://ftx.com/competitions/swipe
SXP is now listed on Poloniex
$SXP is now listed on cryptocurrency exchange Poloniex. SXP wallets are now open at Poloniex, and users can now begin depositing SXP and trading SXP/BTC, SXP/TRX, and SXP/USDT.
Swipe and Poloniex also both gave away 1,500 worth of $SXP to the first 100 depositors of 200 $SXP at Poloniex.com. Prizes will be deposited within two weeks of the trading competition, which ended last July 24.
Swipe and Elrond Partnership
Swipe recently integrated Elrond Network’s $ERD on its platform. This will make the $ERD token directly available for onboarding to more than 500,000 new users.
$ERD will be spendable via Swipe Wallet and its Visa debit cards, at millions of locations worldwide where Visa is accepted and as well as through services such as Google Pay, Apple Pay & Samsung Pay.
In relation to this newly sealed partnership, it announced a promotional event that lets Swipe users get up to 5% $ERD cashback in ERD on net buys. The event which happened for five days, from July 27 to August 1, gave away up to $100 cashback in ERD per KYC user who help 1 to 1000 $SXP during the event period.
Swipe x Compound
Compound’s governance token $COMP is now integrated on the Swipe Wallet platform. Users can now begin to now buy and sell $COMP with their linked debit or credit cards, spend it to fiat via Swipe Visa Card, and swap it instantly with other coins available on the app.
Swipe Partners with Travala.com
Travala.com, a leading blockchain-based travel booking service, has sealed a notable partnership with Swipe by adding $AVA to the Swipe platform. In addition to its integration on the platform, which will help $AVA users to convert, spend and buy it easily using the mobile application, Swipe Token ($SXP) is now added on Travala.com’s list of preferred payment option at over 2 million hotels and accommodations around the world.
Share your Swipe Visa Card and Win!
Swipe will select 3 lucky participants who will win 500 SXP by simply sharing a photo or video of your actual Swipe Card in action on Facebook, Twitter, Instagram, Reddit, or LinkedIn.
Users must tag their posts with the #GotSwipe hashtag, follow @SwipeWallet on Twitter, or @Swipe on Instagram, Facebook, and LinkedIn.
Three lucky winners in each platform will be selected by the team!
Swipe Launches Staking and DeFi
Swipe is proud to announce that it has launched its test network for Swipe Network Staking with up to 12% APY staking rewards and its plans to launch a Decentralized Finance Lending or Earn application on Binance Smart Chain with Swipe Governance.
With the launch of the Swipe Network testnet, users can use the Swipe Faucet to grab testnet-SXP to use on the decentralized finance application. Users will be able to bond SXP to the Swipe Network smart contract as collateral to ensure the guarantee of conversions for these exchanges.
Meanwhile, Swipe plans to launch a DeFi App on Binance Chain called SwipeFi, which will enable Binance Chain tokens to be used to earn interest on their supply of collateral to the protocol and borrow against their collateral directly on the Binance blockchain. Swipe has been working with the core developers of Binance Smart Chain through the acquisition and partnerships between Swipe and Binance, to launch SwipeFi.
SwipeFi will initially support BTC, BNB, ETH, BUSD, TUSD, and SXP to supply or borrow. The protocol will be governed by a new Binance Chain BEP2 token: Swipe Governance Token (SGV).
Click the LINK to get further information about the Network Staking and DeFi.
40 More Winners on Twitter Giveaway
Forty more winners, who will simply follow Swipe and its Chief Executive Officer Joselito Lizarondo on Twitter, like the contest tweet, and retweet and tag three friends, will get a chance to win $100 BTC each. Ten winners will be announced every week on Swipe’s Twitter page.
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Stay up-to-date with all the latest news from Swipe
Website: https://swipe.io
Twitter: https://twitter.com/SwipeWallet
Facebook: https://facebook.com/Swipe
Instagram: https://instagram.com/Swipe
Medium: https://medium.com/Swipe
Telegram: https://t.me/SwipeWallet & https://t.me/Swipe
LinkedIn: https://www.linkedin.com/company/swipewallet
YouTube: https://youtube.com/SwipeWallet
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Beginner’s Guide to BitMEX

Beginner’s Guide to BitMEX

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Founded by HDR Global Trading Limited (which in turn was founded by former bankers Arthur Hayes, Samuel Reed and Ben Delo) in 2014, BitMEX is a trading platform operating around the world and registered in the Seychelles.
Meaning Bitcoin Mercantile Exchange, BitMEX is one of the largest Bitcoin trading platforms currently operating, with a daily trading volume of over 35,000 BTC and over 540,000 accesses monthly and a trading history of over $34 billion worth of Bitcoin since its inception.

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Unlike many other trading exchanges, BitMEX only accepts deposits through Bitcoin, which can then be used to purchase a variety of other cryptocurrencies. BitMEX specialises in sophisticated financial operations such as margin trading, which is trading with leverage. Like many of the exchanges that operate through cryptocurrencies, BitMEX is currently unregulated in any jurisdiction.
Visit BitMEX

How to Sign Up to BitMEX

In order to create an account on BitMEX, users first have to register with the website. Registration only requires an email address, the email address must be a genuine address as users will receive an email to confirm registration in order to verify the account. Once users are registered, there are no trading limits. Traders must be at least 18 years of age to sign up.
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However, it should be noted that BitMEX does not accept any US-based traders and will use IP checks to verify that users are not in the US. While some US users have bypassed this with the use of a VPN, it is not recommended that US individuals sign up to the BitMEX service, especially given the fact that alternative exchanges are available to service US customers that function within the US legal framework.
How to Use BitMEX
BitMEX allows users to trade cryptocurrencies against a number of fiat currencies, namely the US Dollar, the Japanese Yen and the Chinese Yuan. BitMEX allows users to trade a number of different cryptocurrencies, namely Bitcoin, Bitcoin Cash, Dash, Ethereum, Ethereum Classic, Litecoin, Monero, Ripple, Tezos and Zcash.
The trading platform on BitMEX is very intuitive and easy to use for those familiar with similar markets. However, it is not for the beginner. The interface does look a little dated when compared to newer exchanges like Binance and Kucoin’s.
Once users have signed up to the platform, they should click on Trade, and all the trading instruments will be displayed beneath.
Clicking on the particular instrument opens the orderbook, recent trades, and the order slip on the left. The order book shows three columns – the bid value for the underlying asset, the quantity of the order, and the total USD value of all orders, both short and long.
The widgets on the trading platform can be changed according to the user’s viewing preferences, allowing users to have full control on what is displayed. It also has a built in feature that provides for TradingView charting. This offers a wide range of charting tool and is considered to be an improvement on many of the offering available from many of its competitors.
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Once trades are made, all orders can be easily viewed in the trading platform interface. There are tabs where users can select their Active Orders, see the Stops that are in place, check the Orders Filled (total or partially) and the trade history. On the Active Orders and Stops tabs, traders can cancel any order, by clicking the “Cancel” button. Users also see all currently open positions, with an analysis if it is in the black or red.
BitMEX uses a method called auto-deleveraging which BitMEX uses to ensure that liquidated positions are able to be closed even in a volatile market. Auto-deleveraging means that if a position bankrupts without available liquidity, the positive side of the position deleverages, in order of profitability and leverage, the highest leveraged position first in queue. Traders are always shown where they sit in the auto-deleveraging queue, if such is needed.
Although the BitMEX platform is optimized for mobile, it only has an Android app (which is not official). There is no iOS app available at present. However, it is recommended that users use it on the desktop if possible.
BitMEX offers a variety of order types for users:
  • Limit Order (the order is fulfilled if the given price is achieved);
  • Market Order (the order is executed at current market price);
  • Stop Limit Order (like a stop order, but allows users to set the price of the Order once the Stop Price is triggered);
  • Stop Market Order (this is a stop order that does not enter the order book, remain unseen until the market reaches the trigger);
  • Trailing Stop Order (it is similar to a Stop Market order, but here users set a trailing value that is used to place the market order);
  • Take Profit Limit Order (this can be used, similarly to a Stop Order, to set a target price on a position. In this case, it is in respect of making gains, rather than cutting losses);
  • Take Profit Market Order (same as the previous type, but in this case, the order triggered will be a market order, and not a limit one)
The exchange offers margin trading in all of the cryptocurrencies displayed on the website. It also offers to trade with futures and derivatives – swaps.

Futures and Swaps

A futures contract is an agreement to buy or sell a given asset in the future at a predetermined price. On BitMEX, users can leverage up to 100x on certain contracts.
Perpetual swaps are similar to futures, except that there is no expiry date for them and no settlement. Additionally, they trade close to the underlying reference Index Price, unlike futures, which may diverge substantially from the Index Price.
BitMEX also offers Binary series contracts, which are prediction-based contracts which can only settle at either 0 or 100. In essence, the Binary series contracts are a more complicated way of making a bet on a given event.
The only Binary series betting instrument currently available is related to the next 1mb block on the Bitcoin blockchain. Binary series contracts are traded with no leverage, a 0% maker fee, a 0.25% taker fee and 0.25% settlement fee.

Bitmex Leverage

BitMEX allows its traders to leverage their position on the platform. Leverage is the ability to place orders that are bigger than the users’ existing balance. This could lead to a higher profit in comparison when placing an order with only the wallet balance. Trading in such conditions is called “Margin Trading.”
There are two types of Margin Trading: Isolated and Cross-Margin. The former allows the user to select the amount of money in their wallet that should be used to hold their position after an order is placed. However, the latter provides that all of the money in the users’ wallet can be used to hold their position, and therefore should be treated with extreme caution.
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The BitMEX platform allows users to set their leverage level by using the leverage slider. A maximum leverage of 1:100 is available (on Bitcoin and Bitcoin Cash). This is quite a high level of leverage for cryptocurrencies, with the average offered by other exchanges rarely exceeding 1:20.

BitMEX Fees

For traditional futures trading, BitMEX has a straightforward fee schedule. As noted, in terms of leverage offered, BitMEX offers up to 100% leverage, with the amount off leverage varying from product to product.
However, it should be noted that trading at the highest leverages is sophisticated and is intended for professional investors that are familiar with speculative trading. The fees and leverage are as follows:
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However, there are additional fees for hidden / iceberg orders. A hidden order pays the taker fee until the entire hidden quantity is completely executed. Then, the order will become normal, and the user will receive the maker rebate for the non-hidden amount.

Deposits and Withdrawals

BitMEX does not charge fees on deposits or withdrawals. However, when withdrawing Bitcoin, the minimum Network fee is based on blockchain load. The only costs therefore are those of the banks or the cryptocurrency networks.
As noted previously, BitMEX only accepts deposits in Bitcoin and therefore Bitcoin serves as collateral on trading contracts, regardless of whether or not the trade involves Bitcoin.
The minimum deposit is 0.001 BTC. There are no limits on withdrawals, but withdrawals can also be in Bitcoin only. To make a withdrawal, all that users need to do is insert the amount to withdraw and the wallet address to complete the transfer.
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Deposits can be made 24/7 but withdrawals are processed by hand at a recurring time once per day. The hand processed withdrawals are intended to increase the security levels of users’ funds by providing extra time (and email notice) to cancel any fraudulent withdrawal requests, as well as bypassing the use of automated systems & hot wallets which may be more prone to compromise.

Supported Currencies

BitMEX operates as a crypto to crypto exchange and makes use of a Bitcoin-in/Bitcoin-out structure. Therefore, platform users are currently unable to use fiat currencies for any payments or transfers, however, a plus side of this is that there are no limits for trading and the exchange incorporates trading pairs linked to the US Dollar (XBT), Japanese Yen (XBJ), and Chinese Yuan (XBC).
BitMEX supports the following cryptocurrencies:
  • Bitcoin (XBT)
  • Bitcoin Cash (BCH)
  • Ethereum (ETH)
  • Ethereum Classic (ETC)
  • Litecoin (LTC)
  • Ripple Token (XRP)
  • Monero (XMR)
  • Dash (DASH)
  • Zcash (ZEC)
  • Cardano (ADA)
  • Tron (TRX)
  • EOS Token (EOS)
BitMEX also offers leverage options on the following coins:
  • 5x: Zcash (ZEC)
  • 20x : Ripple (XRP),Bitcoin Cash (BCH), Cardano (ADA), EOS Token (EOS), Tron (TRX)
  • 25x: Monero (XMR)
  • 33x: Litecoin (LTC)
  • 50x: Ethereum (ETH)
  • 100x: Bitcoin (XBT), Bitcoin / Yen (XBJ), Bitcoin / Yuan (XBC)

Trading Technologies International Partnership

HDR Global Trading, the company which owns BitMEX, has recently announced a partnership with Trading Technologies International, Inc. (TT), a leading international high-performance trading software provider.
The TT platform is designed specifically for professional traders, brokers, and market-access providers, and incorporates a wide variety of trading tools and analytical indicators that allow even the most advanced traders to customize the software to suit their unique trading styles. The TT platform also provides traders with global market access and trade execution through its privately managed infrastructure and the partnership will see BitMEX users gaining access to the trading tools on all BitMEX products, including the popular XBT/USD Perpetual Swap pairing.
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The BitMEX Insurance Fund

The ability to trade on leverage is one of the exchange’s main selling points and offering leverage and providing the opportunity for traders to trade against each other may result in a situation where the winners do not receive all of their expected profits. As a result of the amounts of leverage involved, it’s possible that the losers may not have enough margin in their positions to pay the winners.
Traditional exchanges like the Chicago Mercantile Exchange (CME) offset this problem by utilizing multiple layers of protection and cryptocurrency trading platforms offering leverage cannot currently match the levels of protection provided to winning traders.
In addition, cryptocurrency exchanges offering leveraged trades propose a capped downside and unlimited upside on a highly volatile asset with the caveat being that on occasion, there may not be enough funds in the system to pay out the winners.
To help solve this problem, BitMEX has developed an insurance fund system, and when a trader has an open leveraged position, their position is forcefully closed or liquidated when their maintenance margin is too low.
Here, a trader’s profit and loss does not reflect the actual price their position was closed on the market, and with BitMEX when a trader is liquidated, their equity associated with the position drops down to zero.
In the following example, the trader has taken a 100x long position. In the event that the mark price of Bitcoin falls to $3,980 (by 0.5%), then the position gets liquidated with the 100 Bitcoin position needing to be sold on the market.
This means that it does not matter what price this trade executes at, namely if it’s $3,995 or $3,000, as from the view of the liquidated trader, regardless of the price, they lose all the equity they had in their position, and lose the entire one Bitcoin.
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Assuming there is a fully liquid market, the bid/ask spread should be tighter than the maintenance margin. Here, liquidations manifest as contributions to the insurance fund (e.g. if the maintenance margin is 50bps, but the market is 1bp wide), and the insurance fund should rise by close to the same amount as the maintenance margin when a position is liquidated. In this scenario, as long as healthy liquid markets persist, the insurance fund should continue its steady growth.
The following graphs further illustrate the example, and in the first chart, market conditions are healthy with a narrow bid/ask spread (just $2) at the time of liquidation. Here, the closing trade occurs at a higher price than the bankruptcy price (the price where the margin balance is zero) and the insurance fund benefits.
Illustrative example of an insurance contribution – Long 100x with 1 BTC collateral
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(Note: The above illustration is based on opening a 100x long position at $4,000 per BTC and 1 Bitcoin of collateral. The illustration is an oversimplification and ignores factors such as fees and other adjustments.
The bid and offer prices represent the state of the order book at the time of liquidation. The closing trade price is $3,978, representing $1 of slippage compared to the $3,979 bid price at the time of liquidation.)
The second chart shows a wide bid/ask spread at the time of liquidation, here, the closing trade takes place at a lower price than the bankruptcy price, and the insurance fund is used to make sure that winning traders receive their expected profits.
This works to stabilize the potential for returns as there is no guarantee that healthy market conditions can continue, especially during periods of heightened price volatility. During these periods, it’s actually possible that the insurance fund can be used up than it is built up.
Illustrative example of an insurance depletion – Long 100x with 1 BTC collateral
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(Notes: The above illustration is based on opening a 100x long position at $4,000 per BTC and 1 Bitcoin of collateral. The illustration is an oversimplification and ignores factors such as fees and other adjustments.
The bid and offer prices represent the state of the order book at the time of liquidation. The closing trade price is $3,800, representing $20 of slippage compared to the $3,820 bid price at the time of liquidation.)
The exchange declared in February 2019, that the BitMEX insurance fund retained close to 21,000 Bitcoin (around $70 million based on Bitcoin spot prices at the time).
This figure represents just 0.007% of BitMEX’s notional annual trading volume, which has been quoted as being approximately $1 trillion. This is higher than the insurance funds as a proportion of trading volume of the CME, and therefore, winning traders on BitMEX are exposed to much larger risks than CME traders as:
  • BitMEX does not have clearing members with large balance sheets and traders are directly exposed to each other.
  • BitMEX does not demand payments from traders with negative account balances.
  • The underlying instruments on BitMEX are more volatile than the more traditional instruments available on CME.
Therefore, with the insurance fund remaining capitalized, the system effectively with participants who get liquidated paying for liquidations, or a losers pay for losers mechanism.
This system may appear controversial as first, though some may argue that there is a degree of uniformity to it. It’s also worth noting that the exchange also makes use of Auto Deleveraging which means that on occasion, leveraged positions in profit can still be reduced during certain time periods if a liquidated order cannot be executed in the market.
More adventurous traders should note that while the insurance fund holds 21,000 Bitcoin, worth approximately 0.1% of the total Bitcoin supply, BitMEX still doesn’t offer the same level of guarantees to winning traders that are provided by more traditional leveraged trading platforms.
Given the inherent volatility of the cryptocurrency market, there remains some possibility that the fund gets drained down to zero despite its current size. This may result in more successful traders lacking confidence in the platform and choosing to limit their exposure in the event of BitMEX being unable to compensate winning traders.

How suitable is BitMEX for Beginners?

BitMEX generates high Bitcoin trading levels, and also attracts good levels of volume across other crypto-to-crypto transfers. This helps to maintain a buzz around the exchange, and BitMEX also employs relatively low trading fees, and is available round the world (except to US inhabitants).
This helps to attract the attention of people new to the process of trading on leverage and when getting started on the platform there are 5 main navigation Tabs to get used to:
  • **Trade:**The trading dashboard of BitMEX. This tab allows you to select your preferred trading instrument, and choose leverage, as well as place and cancel orders. You can also see your position information and view key information in the contract details.
  • **Account:**Here, all your account information is displayed including available Bitcoin margin balances, deposits and withdrawals, and trade history.
  • **Contracts:**This tab covers further instrument information including funding history, contract sizes; leverage offered expiry, underlying reference Price Index data, and other key features.
  • **References:**This resource centre allows you to learn about futures, perpetual contracts, position marking, and liquidation.
  • **API:**From here you can set up an API connection with BitMEX, and utilize the REST API and WebSocket API.
BitMEX also employs 24/7 customer support and the team can also be contacted on their Twitter and Reddit accounts.
In addition, BitMEX provides a variety of educational resources including an FAQ section, Futures guides, Perpetual Contracts guides, and further resources in the “References” account tab.
For users looking for more in depth analysis, the BitMEX blog produces high level descriptions of a number of subjects and has garnered a good reputation among the cryptocurrency community.
Most importantly, the exchange also maintains a testnet platform, built on top of testnet Bitcoin, which allows anyone to try out programs and strategies before moving on to the live exchange.
This is crucial as despite the wealth of resources available, BitMEX is not really suitable for beginners, and margin trading, futures contracts and swaps are best left to experienced, professional or institutional traders.
Margin trading and choosing to engage in leveraged activity are risky processes and even more advanced traders can describe the process as a high risk and high reward “game”. New entrants to the sector should spend a considerable amount of time learning about margin trading and testing out strategies before considering whether to open a live account.

Is BitMEX Safe?

BitMEX is widely considered to have strong levels of security. The platform uses multi-signature deposits and withdrawal schemes which can only be used by BitMEX partners. BitMEX also utilises Amazon Web Services to protect the servers with text messages and two-factor authentication, as well as hardware tokens.
BitMEX also has a system for risk checks, which requires that the sum of all account holdings on the website must be zero. If it’s not, all trading is immediately halted. As noted previously, withdrawals are all individually hand-checked by employees, and private keys are never stored in the cloud. Deposit addresses are externally verified to make sure that they contain matching keys. If they do not, there is an immediate system shutdown.
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In addition, the BitMEX trading platform is written in kdb+, a database and toolset popular amongst major banks in high frequency trading applications. The BitMEX engine appears to be faster and more reliable than some of its competitors, such as Poloniex and Bittrex.
They have email notifications, and PGP encryption is used for all communication.
The exchange hasn’t been hacked in the past.

How Secure is the platform?

As previously mentioned, BitMEX is considered to be a safe exchange and incorporates a number of security protocols that are becoming standard among the sector’s leading exchanges. In addition to making use of Amazon Web Services’ cloud security, all the exchange’s systems can only be accessed after passing through multiple forms of authentication, and individual systems are only able to communicate with each other across approved and monitored channels.
Communication is also further secured as the exchange provides optional PGP encryption for all automated emails, and users can insert their PGP public key into the form inside their accounts.
Once set up, BitMEX will encrypt and sign all the automated emails sent by you or to your account by the [[email protected]](mailto:[email protected]) email address. Users can also initiate secure conversations with the support team by using the email address and public key on the Technical Contact, and the team have made their automated system’s PGP key available for verification in their Security Section.
The platform’s trading engine is written in kdb+, a database and toolset used by leading financial institutions in high-frequency trading applications, and the speed and reliability of the engine is also used to perform a full risk check after every order placement, trade, settlement, deposit, and withdrawal.
All accounts in the system must consistently sum to zero, and if this does not happen then trading on the platform is immediately halted for all users.
With regards to wallet security, BitMEX makes use of a multisignature deposit and withdrawal scheme, and all exchange addresses are multisignature by default with all storage being kept offline. Private keys are not stored on any cloud servers and deep cold storage is used for the majority of funds.
Furthermore, all deposit addresses sent by the BitMEX system are verified by an external service that works to ensure that they contain the keys controlled by the founders, and in the event that the public keys differ, the system is immediately shut down and trading halted. The exchange’s security practices also see that every withdrawal is audited by hand by a minimum of two employees before being sent out.

BitMEX Customer Support

The trading platform has a 24/7 support on multiple channels, including email, ticket systems and social media. The typical response time from the customer support team is about one hour, and feedback on the customer support generally suggest that the customer service responses are helpful and are not restricted to automated responses.
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The BitMEX also offers a knowledge base and FAQs which, although they are not necessarily always helpful, may assist and direct users towards the necessary channels to obtain assistance.
BitMEX also offers trading guides which can be accessed here

Conclusion

There would appear to be few complaints online about BitMEX, with most issues relating to technical matters or about the complexities of using the website. Older complaints also appeared to include issues relating to low liquidity, but this no longer appears to be an issue.
BitMEX is clearly not a platform that is not intended for the amateur investor. The interface is complex and therefore it can be very difficult for users to get used to the platform and to even navigate the website.
However, the platform does provide a wide range of tools and once users have experience of the platform they will appreciate the wide range of information that the platform provides.
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I wrote a 30,000 ft. "executive summary" intro document for cryptos. Not for you, for your non-technical parents or friends.

This document was originally written for my dad, an intelligent guy who was utterly baffled about the cryptocurrency world. The aim was to be extremely concise, giving a broad overview of the industry and some popular coins while staying non-technical. For many of you there will be nothing new here, but recognize that you are in the 0.001% of the population heavily into crypto technology.
I've reproduced it for Reddit below, or you can find the original post here on my website. Download the PDF there or hit the direct link: .PDF version.
Donations happily accepted:
ETH: 0x4e03Bf5CCE3eec4Ddae4d3d6aAD46ca4f198AeD6 BTC: 1GqWMZRRygRJJWYYTWHkAVoRcgyQHjgBMZ XMR: 42Y1S1KBoPk381kc7hA68zaiC78BxMoCADjLrFcTdWiE7ejhZc49s1t9i7P2EmTnHsLDiKoSUiogCbLVHXRJxjrCT4WG8ic XRB: xrb_1bpzh745s9kzk8ymfnks3jtdi65ayumdstokzd4yw4ohu3fopxmiocjcntcu 

Background

This document is purely informational. At the time of writing there are over 1000 cryptocurrencies (“cryptos”) in a highly volatile, high risk market. Many of the smaller “altcoins” require significant technical knowledge to store and transact safely. I advise you to carefully scrutinize each crypto’s flavor of blockchain, potential utility, team of developers, and guiding philosophy, before making any investment [1] decisions. With that out of the way, what follows are brief, extremely high-level summaries of some cryptos which have my interest, listed in current market cap order. But first, some info:
Each crypto is a different implementation of a blockchain network. Originally developed as decentralized digital cash, these technologies have evolved into much broader platforms, powering the future of decentralized applications across every industry in the global economy. Without getting into the weeds, [2] most cryptos work on similar principles:
Distributed Ledgers Each node on a blockchain network has a copy of every transaction, which enables a network of trust that eliminates fraud. [3]
Decentralized “Miners” comprise the infrastructure of a blockchain network. [4] They are monetarily incentivized to add computing power to the network, simultaneously securing and processing each transaction. [5]
Peer-to-peer Cryptos act like digital cash-- they require no third party to transact and are relatively untraceable. Unlike cash, you can back them up.
Global Transactions are processed cheaply and instantly, anywhere on Earth. Using cryptos, an African peasant and a San Francisco engineer have the same access to capital, markets, and network services.
Secure Blockchains are predicated on the same cryptographic technology that secures your sensitive data and government secrets. They have passed seven years of real-world penetration testing with no failures. [6]

Bitcoin (BTC)

The first cryptocurrency. As with first movers in any technology, there are associated pros and cons. Bitcoin has by far the strongest brand recognition and deepest market penetration, and it is the only crypto which can be used directly as a currency at over 100,000 physical and web stores around the world. In Venezuela and Zimbabwe, where geopolitical events have created hyperinflation in the centralized fiat currency, citizens have moved to Bitcoin as a de facto transaction standard. [7]
However, Bitcoin unveiled a number of issues that have been solved by subsequent cryptos. It is experiencing significant scaling issues, resulting in high fees and long confirmation times. The argument over potential solutions created a rift in the Bitcoin developer community, who “forked” the network into two separate blockchains amidst drama and politicking in October 2017. Potential solutions to these issues abound, with some already in place, and others nearing deployment.
Bitcoin currently has the highest market cap, and since it is easy to buy with fiat currency, the price of many smaller cryptos (“altcoins”) are loosely pegged to its price. This will change in the coming year(s).

Ethereum (ETH)

Where Bitcoin is a currency, Ethereum is a platform, designed as a foundational protocol on which to develop decentralized applications (“Dapps”). Anyone can write code and deploy their program on the global network for extremely low fees. Just like Twitter wouldn’t exist without the open platform of the internet, the next world-changing Dapp can’t exist without Ethereum.
Current Dapps include a global market for idle computing power and storage, peer-to-peer real estate transactions (no trusted third party for escrow), identity networks for governments and corporations (think digital Social Security card), and monetization strategies for the internet which replace advertising. Think back 10 years to the advent of smartphones, and then to our culture today-- Ethereum could have a similar network effect on humanity.
Ethereum is currently the #2 market cap crypto below Bitcoin, and many believe it will surpass it in 2018. It has a large, active group of developers working to solve scaling issues, [8] maintain security, and create entirely new programming conventions. If successful, platforms like Ethereum may well be the foundation of the decentralized internet of the future.

Ripple (XRP)

Ripple is significantly more centralized than most crypto networks, designed as a backbone for the global banking and financial technology (“fintech”) industries. It is a network for exchanging between fiat currencies and other asset classes instantly and cheaply, especially when transacting cross-border and between separate institutions. It uses large banks and remittance companies as “anchors” to allow trading between any asset on the network, and big names like Bank of America, American Express, RBC, and UBS are partners. The utility of this network is global and massive in scale.
It is extremely important to note that not all cryptos have the same number of tokens. Ripple has 100 Billion tokens compared to Bitcoin’s 21 Million. Do not directly compare price between cryptos. XRP will likely never reach $1k, [9] but the price will rise commensurate with its utility as a financial tool.
In some sense, Ripple is anathema to the original philosophical vision of this technology space. And while I agree with the cyberpunk notion of decentralized currencies, separation of money and state, this is the natural progression of the crypto world. The internet was an incredible decentralized wild west of Usenet groups and listservs before Eternal September and the dot-com boom, but its maturation affected every part of global society.

Cardano (ADA)

Cardano’s main claim to fame: it is the only crypto developed using academic methodologies by a global collective of engineers and researchers, built on a foundation of industry-leading, peer-reviewed cryptographic research. The network was designed from first-principles to allow scalability, system upgrades, and to balance the privacy of its users with the security needs of regulators.
One part of this ecosystem is the Cardano Foundation, a Swiss non-profit founded to work proactively with governments and regulatory bodies to institute legal frameworks around the crypto industry. Detractors of Cardano claim that it doesn’t do anything innovative, but supporters see the academic backing and focus on regulation development as uniquely valuable.

Stellar Lumens (XLM)

Stellar Lumens and Ripple were founded by the same person. They initially shared the same code, but today the two are distinct in their technical back-end as well as their guiding philosophy and development goals. Ripple is closed-source, for-profit, deflationary, and intended for use by large financial institutions. Stellar is open-source, non-profit, inflationary, and intended to promote international wealth distribution. As such, they are not direct competitors.
IBM is a major partner to Stellar. Their network is already processing live transactions in 12 currency corridors across the South Pacific, with plans to process 60% of all cross-border payments in the South Pacific’s retail foreign exchange corridor by Q2 2018.
Beyond its utility as a financial tool, the Stellar network may become a competitor to Ethereum as a platform for application development and Initial Coin Offerings (“ICOs”). The theoretical maximum throughput for the network is higher, and it takes less computational power to run. The Stellar development team is highly active, has written extensive documentation for third-party developers, and has an impressive list of advisors, including Patrick Collison (Stripe), Sam Altman (Y Combinator), and other giants in the software development community.

Iota (IOT)

Iota was developed as the infrastructure backbone for the Internet of Things (IoT), sometimes called the machine economy. As the world of inanimate objects is networked together, their need to communicate grows exponentially. Fridges, thermostats, self-driving cars, printers, planes, and industrial sensors all need a secure protocol with which to transact information.
Iota uses a “Tangle” instead of a traditional blockchain, and this is the main innovation driving the crypto’s value. Each device that sends a transaction confirms two other transactions in the Tanlge. This removes the need for miners, and enables unique features like zero fees and infinite scalability. The supply of tokens is fixed forever at 2.8*1015, a staggeringly large number (almost three thousand trillion), and the price you see reported is technically “MIOT”, or the price for a million tokens.

Monero (XMR)

The most successful privacy-focused cryptocurrency. In Bitcoin and most other cryptos, anyone can examine the public ledger and trace specific coins through the network. If your identity can be attached to a public address on that network, an accurate picture of your transaction history can be built-- who, what, and when. Monero builds anonymity into the system using strong cryptographic principles, which makes it functionally impossible to trace coins, [10] attach names to wallets, or extract metadata from transactions. The development team actively publishes in the cryptography research community.
Anonymous transactions are not new-- we call it cash. Only in the past two decades has anonymity grown scarce in the first-world with the rise of credit cards and ubiquitous digital records. Personal data is becoming the most valuable resource on Earth, and there are many legitimate reasons for law-abiding citizens to want digital privacy, but it is true that with anonymity comes bad actors-- Monero is the currency of choice for the majority of black market (“darknet”) transactions. Similarly, US Dollars are the main vehicle for the $320B annual drug trade. An investment here should be based on the underlying cryptographic research and technology behind this coin, as well as competitors like Zcash. [11]

RaiBlocks (XRB)

Zero fees and instantaneous transfer make RaiBlocks extremely attractive for exchange of value, in many senses outperforming Bitcoin at its original intended purpose. This crypto has seen an explosion in price and exposure over the past month, and it may become the network of choice for transferring value within and between crypto exchanges.
Just in the first week of 2018: the CEO of Ledger (makers of the most popular hardware wallet on the market) waived the $50k code review fee to get RaiBlocks on his product, and XRB got listed on Binance and Kucoin, two of the largest altcoin exchanges globally. This is one to watch for 2018. [12]

VeChain (VEN)

Developed as a single answer to the problem of supply-chain logistics, VeChain is knocking on the door of a fast-growing $8 trillion industry. Every shipping container and packaged product in the world requires constant tracking and verification. A smart economy for logistics built on the blockchain promises greater efficiency and lower cost through the entire process flow.
Don’t take my word for it-- VeChain has investment from PwC (5th largest US corporation), Groupe Renault, Kuehne & Nagel (world’s largest freight company), and DIG (China’s largest wine importer). The Chinese government has mandated VeChain to serve as blockchain technology partner to the city of Gui’an, a special economic zone and testbed for China’s smart city of the future. This crypto has some of the strongest commercial partnerships in the industry, and a large active development team.
  1. “Investment” is a misnomer. Cryptos are traded like securities, but grant you no equity (like trading currency).
  2. The weeds for Bitcoin: basic intro (1:36), non-technical explanation (5:24), Bitcoin 101 – Andreas Antonopoulos (23:51).
  3. It is impossible to double-spend or create a fake transaction, as each ledger is confirmed against every other ledger.
  4. Some utility token blockchains use DAG networks or similar non-linear networks which don’t require mining.
  5. In practice, these are giant warehouses full of specialized computers constantly processing transactions. Miners locate to the cheapest electricity source, and the bulk of mining currently occurs in China.
  6. Centralized second-layer exchange websites have been hacked, but the core technology is untouched.
  7. This effect has been termed "bitcoinization".
  8. The Ethereum roadmap shows moving from a Proof of Work (PoW) to Proof of Stake (PoS) consensus model.
  9. At $2.62 per XRP token, Ripple already commands a $100B market cap.
  10. After a January 2017 update.
  11. Monero uses ring signatures while Zcash uses ZK-SNARKs to create anonymity. Both have pros and cons.
  12. Note: all signs point to this crypto being renamed “Nano” in the coming weeks: nano.co.
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Daily analysis of cryptocurrencies 20190914(Market index 39 — Fear state)

Daily analysis of cryptocurrencies 20190914(Market index 39 — Fear state)

https://preview.redd.it/rkln8z5e0rm31.png?width=486&format=png&auto=webp&s=35da7bec7b0084a2ebf697532511c535eebf25b1

U.S. Treasury official: If there is no strong security, cryptocurrency may become a new channel for terrorist organizations to transfer funds. According to Cointelegraph, Sigal Mandelker, deputy minister of terrorism and financial intelligence at the US Treasury, said at the 19th annual International Conference on Counter-Terrorism that terrorist organizations, their supporters and sympathizers are constantly seeking new ways to raise and transfer. Funds are not subject to investigation or tracking by law enforcement agencies. While most terrorist organizations still rely primarily on traditional financial systems and cash transfer funds, cryptocurrencies may become the next area without adequate and strong security.
Libra Association COO: Libra reserves will not exceed 200 billion US dollars at most, and the US dollar is expected to account for half Bertrand Perez, managing director and chief operating officer of the Libra Association, recently refuted the statement that “incorporating French currency into Libra reserves will affect central bank monetary policy”. According to Perez, this is not reasonable, because the reality is that the legal currency policy will affect Libra through a “basket of currencies”, not the other way around. In addition, Perez also said that the maximum Libra reserve will not exceed 200 billion US dollars, this figure seems to be very large, but in the global financial market is actually a “very low” amount, like the US investment management giant BlackRock The management assets of the group (BlackRock) amounted to 6.84 trillion US dollars. Perez also talked about how to deal with a currency crash in the basket: “If there is a currency disaster or crisis before the release of Libra, we can remove it from the basket, but this decision will be two-thirds of the association. The members voted. “Although the association is still deciding how to determine the weight of a basket of currencies, Perez said that the dollar should be very important and is expected to be around half.”
Ethereum 2.0 multi-client test network made new progress: Developer reports 7 client operation confirmation Jonny Rhea, an engineer at ConsenSys’s development team PegaSys, announced on Twitter that Ethereum’s 2.0 client-side operations have been confirmed. Consistency is now achieved by installing the seven clients of the beacon chain and forming the network. The seven clients are: Prysm from Prysmatic Labs, Artemis from PegaSys, Nimbus from Status, Lighthouse from Sigma Prime, Lodestar from Chainsafe, Trinity from Triniy Team, and Harmony from Ether Camp. Ethereum 2.0 is expected to be implemented in 2020 ∼ 2021. The various teams developing the Ethereum 2.0 client have completed the trial network composition as a separate client, but running on multiple clients is still in development. The development team is currently gathering in Boston for on-site verification. On September 12th, Preston Van Loon of Prysmatic Labs also reported on the confirmation of five clients. There are currently 9 clients in Ethereum 2.0. In the operational confirmation of Rhea, Parity and Yeeth are not included. But Parity developer Wei Tang has also reported multi-client operation confirmation for Parity and Lighthouse.

Encrypted project calendar(September 14, 2019)

BTC/Bitcoin: The European Union will launch its name, Payment Services Directive 2 (PSD2), which will take effect on September 14. The new law includes banks implementing “strong customer certification”. In addition, according to previous news, PSD2 can obtain some of the functions of the banking industry, providing new payment solutions for encryption products. BNB/Binance Coin: Binance Coin (BNB) Coin’s overseas team will hold its first community gathering in Jakarta, Indonesia on September 14. OKB/OKB: OKB (OKB) OKEx Africa will hold a party in Accra, Ghana, on September 14th, and the first African blockchain project supported by OKEx will be released.

Encrypted project calendar(September 15, 2019)

TRX/TRON: Wave field TRON launches side chain plan Sun Network network three-phase release WAN/Wanchain: Wanchain (WAN) will hold a 3Q community conference call in mid-September AE/Aeternity: Aeternity (AE) æternity is expected to carry out the Lima hard fork upgrade on September 15th, and the third Ethernet AE token migration hard fork will take effect. NANO/Nano: Nano (NANO) NANO founder Colin LeMahieu will attend an informal community gathering in Austin, Texas on September 15th.

Encrypted project calendar(September 16, 2019)

LINK/ChainLink: Chainlink (LINK) Oracle will host the Oracle Code One conference from September 16th to September 19th, at which it will announce the launch of 50 startups with Chainlink. MANA/Decentraland: The Decentraland (MANA) community will host the SDK hackathon on September 16. WABI/Tael: Tael (WABI) “Tael Insider” campaign will be held on the new project website on September 16.

Encrypted project calendar(September 17, 2019)

ZEN/Horizen: The official team of Horizen (ZEN) will hold a community gathering in Strasbourg, France on September 17th.

Encrypted project calendar(September 18, 2019)

OKB/OKB: OKB (OKB) On September 18th, OKEx will hold an institutional meeting in London to share the regulatory environment issues facing encryption organizations.

Encrypted project calendar(September 19, 2019)

NRG/Energi: Energi (NRG) Energi will launch a trading competition on the KuCoin platform on September 9th. By September 19th, 800 NRG will be presented to the top 470 participants. ADA/Cardano: The Cardano (ADA) project official will host the Wyoming hackathon from September 19th to 22nd. KIN/Kin: The Kin (KIN) project team will host a community gathering in Toronto on September 19. BTC/Bitcoin: The 2019 Open Core Summit will be held in San Francisco from September 19th to 20th.

Encrypted project calendar(September 20, 2019)

NULS / NULS: The NULS 2.0 Beta hackathon will be held from September 20th to September 21st, 2019. AE/Aeternity: Aeternity (AE) will hold “Cosmos One” conference in Prague, Czech Republic on September 20th

Encrypted project calendar(September 21, 2019)

BTC/Bitcoin: The 6th FINWISE Global Summit Macau will be held from September 21st to 22nd. Distributed Financial Technology (DeFi) is the main topic of this conference. OKB/OKB: OKB (OKB) OKEx The Africa Cryptour series of talks in Kenya will take place on September 21 in Nairobi.

Encrypted project calendar(September 23, 2019)

BTC/Bitcoin: Bakkt, the digital asset platform led by ICE, the parent company of the New York Stock Exchange and the world’s second largest trading group, will launch a bitcoin physical delivery futures contract on September 23. EOS/EOS: EOS main network is expected to upgrade version 1.8 on September 23

Encrypted project calendar(September 24, 2019)

ENG/Enigma: Enigma (ENG) ENG main network token snapshot will end on September 24, the original start time is August 26.

Encrypted project calendar(September 26, 2019)

ADA/Cardano: The Cardano (ADA) Cardano community will host a party in Washington, DC on September 26.

Encrypted project calendar(September 27, 2019)

BTC/Bitcoin: Cripto Latin Fest will be held in Cordoba, Argentina from September 27th to 29th.

Encrypted project calendar(September 28, 2019)

ADA/Cardano: Cardano (ADA) Cardano (ADA) 2nd Anniversary, Cardinal Foundation, IOHK and EMURGO main members will participate in community celebrations in Plovdiv, Bulgaria on September 28.

Encrypted project calendar(September 29, 2019)

GAME/GameCredits: GameCredits (GAME) is expected to perform hard forks on September 29th at block height 2519999

Encrypted project calendar(September 30, 2019)

INS/Insolar: Insolar (INS) will be on September 30th ERD/Elrond: Elrond (ERD) will conduct main network test on September 30th NULS/NULS: The NULS team will plan to beta the ChainBOX in the third quarter.

At the time of writing, Bitcoin is trading down marginally at its current price of $10,320, which marks a slight retrace from its daily highs of $10,450.
Ever since BTC bounced from its support level at $10,000, the cryptocurrency has been facing a bout of consolidation after its upwards momentum stalled, which may mean that its bulls do not have enough strength at the moment to push the cryptocurrency higher.
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FCoin Sharing Session Q&A — 07/23/2018

FCoin Founder Mr. Zhang Jian Addressed the Most Controversial Questions about FCoin since its Launch.
(July 23, 2018) FCoin held an online media Q&A session on Monday with its founder, Mr. Zhang Jian replying the most controversial questions on FCoin, a digital asset trading platform that was launched barely two months ago but has already become the most talked about phenomenon in the industry.
These controversial topics include FCoin’s efforts in token-reforming, the general concept of token economy, the fluctuation of FCoin price and response to the recent negative comments and accusations made by Binance on FCoin. A complete Q&A could be found as below:
Q1: We have seen many new announcements issued by FCoin with lots of new concepts. Could you first elaborate on FCandy? Why do you start to return in FCandy instead of FT, what’s the strategy behind it? What do you think is the true value of FCandy and what is your expected price for it?
Answer1: Regarding FCandy, we mentioned before in our announcement that it is an assert pool in which all kinds of assets could be placed in. We actually have placed lots of FTs during the first round. What do we mean by “placing”, basically it’s equivalent to donation and what is its true value? I think it could benefit our entire community through our donation. It is clearly stated in our announcement that any digital assets could be placed in FCandy and FCandy will be issued according to a certain proportion, but to guarantee the real asset value of FCandy. However, the assets placed in FCandy pool no longer belong to those who place the assets but to the entire community which makes FCandy vitally different from the other asset pools or various products. We designed a lot of ways to give out FCandy to our community members. It doesn’t mean that we no longer return in FT, 100% transaction fee is still returned in FT, this is our set rule which will never be changed. Which are some of the situations where we will not return in FT? Anything but “Trans-fee mining” mechanism. Because all the other mechanism is simply activities. Like our referral programs, incentive programs and etc. These are community activities with the aim to motivate the communities and bring more benefits, so these are the responsibility that FCandy should assume. I do not need to elaborate on the value of FCandy. I encourage everyone to see the front page of FCandy in which the amount of assets are clearly indicated. In the future, a large number of project participators will place their assets into this pool. We will also initiate voting system and community members could vote on whether we should sell part of the assets and these sold asserts will belong to FCandy holders, similar to the concept as dividends. But this will be a plan in the far future, not to be realized recently. Regarding the price of FCandy, I cannot comment on this. Based on the asset pool, everyone can gauge its reasonable price range.
Q2: What’s the latest listing rules? Is the new FOne trading zone transferring the token-listing right to the certified organizations? What’s the FCoin’s standard in selecting a certified organization? What’s the difference in the responsibilities and rights of these certified organizations compared to the ones in the Stock market?
Answer 2: Some adjustments were made on the listing rules with the launch of FOne. What made us launch FOne? Actually, we have encountered some problems when doing GPM, i.e there is a long list of projects waiting to be listed which is far beyond the capacity of the platform itself. Most importantly, we encounter the problems of verifying its authenticity. Hence, in order to make the entire mechanism work better, the essence of FOne is to let FCoin certified organizations to screen quality projects. Every certified organization has its own zone that has the right to list tokens and set its own listing rules. We provide service and technical support to various certified organizations. This relationship will guarantee a healthy growth of FOne. As for the rights and responsibilities, these are vitally important as well. Since these trading zones are opened by certified organizations, they have the responsibility to guarantee the quality of its listing projects. FCoin retains the rights to review and verify the performance of these certified organizations and details will be released soon. We really hope that good projects could stand out from this innovative mechanism and this will help motivate the entire industry. Regarding the selection standards for the certified organizations, these are mainly the mainstream token fund in the industry. Easy to get in but difficult to get out. First of all, these organizations need to have certain reputation in the industry. We welcome them to join us as our certified organizations in the beginning but more strict standards will be launched later. In addition, we will also have control over the organization list and eliminate those who are not up to our standards. We will soon announce the list of our second batch of certified organizations. The entire crypto industry is not yet mature and it’s currently a mix of everything. We are trying to introduce step by step some mature models to break through the mess. We are on our way to a revolutionary future
Q3: Is FOne the trial zone of token-reforming for FCoin? What is the difference about listing rules and circulation mechanism between Main Board A & B? As a mature product or company, what are the necessary steps for token-reforming and what are the biggest difficulties and challenges during the process? Are there any successful cases on token-reforming before? To a mature community, the compliance and legitimacy of listing can be a sensitive topic, is this going to be a key obstacle for the improvement of token-reforming trial zone? How will you solve this problem? In your opinion, which industries will make progress first during Coin-reforming trial zone?
Answer 3: The answer to the first question is NO. It has clearly been stated in the announcement that token-reforming is not made by FOne. Token-reforming is in main Board C, right now we have main Board A & B; the mature blockchain projects are in main board A, and emerging projects in board B, while the token-reforming projects are in board C. FOne is the successor of the previous Innovation Zone on GPM with the aim to support startup projects. After the upgrading of the overall positioning, GPM will focus on supporting the long-term projects while the startup projects will move to FOne. FOne will transfer the listing power to certified organizations in order to attract more quality projects to get in in the early stage. As a matter of fact, token-reforming is not all that easy. We have just released an announcement on which a new project was applying to get listed on our main board C, of course there are many other projects doing so as well. We have to consider the project in a comprehensive manner, from the preparation, the qualification of the projects to the business model or the maturity of the business Situations(applications). There might be two ways for reforming, such as QOS, the one project that we have been observing and providing the technical support. It has applied to get listed on our main board C. QOS is a typical blockchain project with mature business applications and massive users, along with a solid preparation process. This kind of project is well prepared, that’s why it can enter the final verification and listing schedule stage very soon; as for some other projects, although they come from a mature company, they do not really understand the token economy, the listing process might take longer. In my opinion, we have to go through an important process to acknowledge the token economy, token and coin; Second, about how reforming can make a great influence, and connect its previous- designed products with business module, aligned them well and solve its previous conflicts of interest. That’s why reforming is quite difficult and challenging. To sum up I think there are two biggest difficulties for reform. First is the whole design of token economy model — it means completely different for different products or companies, even with different approaches , thus, quite challenging. Second is the overall interest arrangement. A mature product must face mature interest arrangement, including shareholder structure, existing resources and how to solve these problems. It requires of massive communication as well as knowledge and determinations to get all these problems solved. These two are the most difficulties we currently face. For the sensitive question about compliance, I think all innovations will face a certain kind of risk, the more subversive the innovation, the higher risk it may face, especially like token economy, as its target and core is to change the market relationships. It’s quite subversive and will meet lots of challenges never that have never been met before. Why people like to talk about the first person who eat the crab? If there is no challenges, people would just repeat doing things they have done like a hundred times before, but it’s not the case here. If you are willing to seize the opportunity of the new economy, you need to take risks and accept the challenges. I think it’s a trend for the future and it’s unstoppable. In addition, I don’t think it’s a key obstacle for a product or a company that are determined to explore in this direction. What I mentioned before are quite essential, firstly it has to be in the internet industry and financial industry, or the combination of these two, such as the finance technology. There are lots of opportunities within, so are in some other industries.
Q4: There are several institutions dabbling in Blockchain+Insurance model, however, this model has still not been widely applied. Therefore, will this new Insurance community FInsur just a publicity stunt? Is “Insurance is mining “ just some benefits to attract users, or is it a mutual insurance based on blockchain technology? How does this model work?
Answer 4: FInsur for sure is not publicity stunt. A lot of people doubted about FCoin when it first came out, is FCoin a publicity stunt? With the concept of “Trans-fee mining” being widely spread and recently became a trend, it is obvious that we are not a publicity stunt, otherwise it won’t show such a strong vitality. Therefore, the concept of “insurance is mining “is quite simple. I would like to repeat it again, it’s similar to FCoin essentially. What is the concept of “Trans-fee mining”? Clients and users of an exchange are the traders. As the core concept of token economy, I think the main targets of business service, is like the relationship between an exchange and its users, which is in opposite relationship. We hope that after the reforms by token economy, it can be an untied relationship, even for the sake of common interest. So let the traders be the shareholders of FCoin, that is the essence of “Trans-fee mining”. Likewise, let the insurance applicant become the shareholder of an insurance company, or at least make their interest consistent rather than conflicting (money-making vs money-losing), which is a long-term target for us, and also my initial intention. It’s hard to image vehicles on road without insurances. That’s why there is compulsory insurance like Compulsory Traffic Insurance and commercial insurance that we must pay. It also applies to ourown digital currencies & assets. Therefore, I don’t think FInsur is a publicity stunt, but will be a benchmark for innovation in this industry and bring in massive benefits.
Q5: How about the operation of stabilization funds launched by FCoin? Is this stabilization funds really effective on regulating the dramatic market fluctuation and keeping the price of FT stable?
Answer 5: We have just wrapped up a one-month life cycle of the Stabilization fund Phase I and it is already in the process of balancing, not running any more. I am not the one who has proposed the concept of stabilization fund. I have repeatedly said that for an emerging trading product or an emerging market, especially when it has great innovations, nobody knows how to price it correctly in the early stage. It will also suffer from all kinds of malicious attacks and various rumors under such a complicated market situation. Hence, the market fluctuations will be very dramatic in the short term. The stabilization fund was launched in this context. Can this fund really keep the market volatility stable? This mainly depends on the factors of market volatility and various other situations. The stabilization fund will certainly ease the dramatic fluctuations of the market. But will the price stop to fluctuate with the funds? Or will the price not rise and fall sharply? This is uncertain. Since the market price, especially short-term market behavior, is very complicated and thus very difficult to predict. So the fund can only ease the dramatic fluctuations. As some unstable factors are gradually eliminated, or as the platform matures, these unstable factors will be disappearing slowly. Say, there are huge trust issues in the earlier stages, however, as the platform continues to grow, these problems will be reduced accordingly. Now everyone feels that FCoin is a very reliable platform which has been working so hard to make the platform, the community and the whole ecosystem bigger. In this case, those difficulties that we encounter before won’t exist anymore. Our risk control in the early stage might not be that sharp, leading to the existence of some malicious short-selling and other hostile situations. With the gradual improvement and maturity of our backend monitoring system, I believe there will be less risks in this aspect. Therefore, the whole market will gradually become more healthy in the long run.
Q6: You mentioned that the explosive effect of FCoin is a victory for the “tokenomics.” Can you share with us your understanding of the “tokenomics”? What is its strong driving force? What distinguishes it from the traditional business model and incentive mechanism?
Answer 6: It is very hard for me to talk about my understanding of the tokenomics, since this topic is too big. But I can talk about some key points, such as what I just mentioned, “What is the strong driving force?” I just mentioned that the distinguished difference between the structure of the tokenomics design and the traditional business model and incentive mechanism is the reversal of the production relationship. How to reverse? As mentioned earlier, producers and consumers are a pair of relationships. The common form of the Internet is the relationship between the platform and its user. In fact, they are all similar. That is, the relationship between a service provider and a client, or the relationship between a product provider and a consumer. Under the traditional business model, this group of relationships must be antagonistic at the level of interests. Because the mission of a commercial organization is to make money. They earn money from consumers or users. Under the traditional business model, you buy any goods, or you consume any service, the only relationship between you and the service provider and the producer of the goods is that you pay him. Let us think about the reason why this commercial system can exist. It is because these users are paying so that the commercial system can exist. In other words, these consumers and users are the basis for the existence of this commercial system. But if this commercial system develops bigger, then it has nothing to do with the users which are the basis and premise of the existence of this commercial system. I think this is the problem of the traditional business model, and it will definitely face a big upgrade in the future. The big upgrade has started slowly now, and I think its solution is tokenomics. FCoin is such a practice of tokenomics. We found that as FCoin grows and matures, traders gradually become shareholders of FCoin. The trader not only becomes a user of the platform, but also contributes fees and transactions. At the same time, he can also get 100% return of the exchange’s “shares” FT. The returned FT can enjoy FCoin’s income distribution forever, and it is 80% of the income distribution. This is unimaginable in the traditional capital market. Let me give you an example. In the traditional capital market, basically everyone does not pay attention to dividends because they are so little. There are too many companies that don’t pay dividends all along the year. Everyone can check the dividends of the traditional market which are so little and nobody concerns about the dividends. The timeliness of dividends distribution is also executed poorly. As the price of crypto currency fluctuates dramatically, users do not feel the power of our model in the early stages. With the maturity of FCoin, they feel that our model of income distribution is extremely revolutionary. Firstly, its proportion of dividends distribution is so large. How about the traditional listed companies? They distribute neither revenues nor profits. It is possible that the companies might need to keep enough cash for development, so they do not distribute dividends. FCoin directly distribute income to users, the vast majority 80% of our revenues on a daily basis. This is an absolutely revolutionary concept in the traditional capital market. Because the entire concept of the so-called financial system and finance of the crypto industry has not yet been established, and it is still relatively chaotic, the crypto industry is still at a very early stage for the pricing and cognitions. The creation and power of FCoin and FT takes time to show, as I always say “let the bullets fly for a while.” The same is true for FInsur. I hope that in the future, various new models based on the creation of the tokenomics or the transformation of the original model will have the power to make our customers consistent with our interests . I have to say one more thing. I think that this power is actually much underestimated. Because once the production relationship changes, once the service provider and the client are in the same interests, the whole decision-making process, the starting point and mentality of decision-making, all community-based architecture and all future mechanism design and gameplay will change. I am appreciating this in a more in-depth sense now. Therefore, the future of the tokenomics will definitely show great vitality. It will have a huge impact on the original business model, commercial design and corporate system. This is my judgment on the future.
Q7: Many exchanges are allegedly using bots wash trading and their users are mostly zombie users who have no practical effect. Could you please tell us about how would FCoin gradually increase the number of real users so as to make the platform grow in a more healthy manner?
Answer 7: Time will prove everything. We are constantly upgrading and innovating. Everything we do is to make our various mechanism work in a more robust way. The number of FCoin users and daily transactions continue to grow and FCoin is definitely on the right track. Many people are still accusing us of hiring bots to do wash trading. As our platform matures, there is more Quantitative transaction going on which provides real benefits for our community members. If you pay attention to our recent changes on the platform, you could definitely feel it.
Q8: What has FCoin revolutionized the industry in terms of the rules, both the unspoken rules and the apparent rules?
Answer 8: First, I will talk about the unspoken rules. The biggest difference between FCoin and all the other exchanges is that when you open our front page, you could clearly see that almost all our data are transparent and as we continue to develop our products and enhance users experiences, the level of our transparency will only be elevated accordingly. This is something you cannot imagine in traditional industries. No company, in our times, would announce its revenue because they do not need to distribute their profits to their users. But we are different, we cannot fake our data. If you are a black box i.e a company that does not need to disclose data to the public, you actually have the opportunity to fake data. I’ve said many time before that it was ridiculous to accuse FCoin of bots wash trading. We simply cannot fake any data as otherwise we will not have enough funds to be distributed to our users. All our data is real and transparent which brings the first revolutionary change of rules in the industry. About the apparent rules. Many users said that FCoin still made a lot of money after they saw the platform had used all kinds of algorithms. But what I want to point out is that why not take a look at other exchanges that make huge amount of money but still give back nothing to its users? On our side, FCoin distribute 80% of daily revenues to its users and for quite a long period of time, even 100%. After the launch of FCandy, we spend a majority of platform’s daily revenue to buy back FTs which later on are distributed to its community members. I hope you can look further with FCoin. FT certainly has its market cap, but so long as you hold FTs even for just a day, you will be able to get your daily dividend from that day. That’s just the beginning of how FCoin is going to revolutionize this industry. Stay tuned!
Q9: Mr Zhang, you always say that the market will eventually see the value of FT, but the price of FT has been dropping drastically non-stop. Why is there a vast difference between what you see in the value of FT and what the market see it?
Answer 9: FCoin has just been launched for less than 2 months. It’s way too early to talk about the value of a new born thing. For instance, a lot of people asked me about Bitcoin many years ago, at a time when the price of Bitcoin kept dropping from 8,000 RMB to 900RMB. I told them that the value of Bitcoin needed to be evaluated in a 4-year full circle, not just for a few months. If you use a 4-year full circle to draw the candlestick of Bitcoin, what will you see? The short-term price is unpredictable and is being influenced by many factors in the short term, like the market supply, all kinds of different judgments, disapprovals of new things in the early days and even rumors, but in the long run, the price is surely determined by its value. I have some data in FCoin’s front page, our dynamic P/E ratio is 0.56 as of today. You can go to any A-share market to check their P/E ratio, especially those innovative internet companies or high tech companies and judge by yourself. As I mentioned earlier, we have upgraded our Incentive programs, it is now returned with FCandy instead of FT. Because FCandy is highly linked with any activities that benefit the entire community members. This will be our future principles. In the meantime, transaction fee is still returned 100% as in FT and this is some ething, I have reinforced many times, that we won’t change. Why? Because this is our basic model, everything that FCoin is based on which is to make traders as the shareholders of FCoin.
Q10: Mr. Zhang, my questions might come across as a bit of sharp. Two days ago, FCoin announced on its website that the price of FT has been fluctuating drastically and later on, some media reported that the price was being manipulated by a professional team called “Ghost in the Dark” and implied that it had something to do with Binance. Miss He Yi from Binance accused FCoin of paying for media to write negative articles about Binance. Do you have any comments on this? In addition, Mr. Zhao Chang Peng (CZ) from Binance remarked during a media Q&A session in Seoul that “FCoin won’t last long as it is constantly selling new tokens but the price of them keep on dropping.” Do you have anything to say to his remarks?
Answer 10: Your so called sharp questions are actually not sharp at all. First of all, we announced officially on our website that the price of FT encountered abnormal fluctuations because we had found malicious attack from a team that was deliberately short-selling FT and we have proof of it. That’s why some immediate action has been taken to limit the sales order in 3 trading pairs which effectively destroy the botting programming designed by that professional team. As for the media report, I do not want to comment on it, but they did report the same to us through their investigations. About CZ’s comments? Actions speak louder than words. Why does he keep on talking about me if I am not threatening him? This is weird, let the fact speak for itself.
Q11: FCoin has been launched for only 2 months but developed really rapidly with trading volumes topping the chart while it took Binance 3 months to become №1 with real trading volumes. FCoin is very strong with ecosystem, but users’ experience is really bad. No trading depth and the webpage get stuck all the time. The launched app version (still in beta) is even worse than a third-party app while it takes forever to launch an official version. My question is, as a digital trading platform, shouldn’t Trading experiences be respected and focused?
Answer 11: Your question is quite sharp. Trading, in many industries are indeed not well respected, but for FCoin, we have been trying our best to perfect it. There is a process for everything to grow in maturity. If it is something great, it is bound to be less mature in the early stage. More patience please and we welcome everyone to supervise and support us.
[More to the question] — My question of trading not being respected has another sense to it in terms of users’ experience. This should always be put in the priority but with FCoin, it is not the case. It seems that there are always be put in the priority but with FCoin, it is not the case. It seems that there are always things far more important than users’ experience but shouldn’t it be the core for any exchanges?
Answer 11: Apologies for my misunderstanding of part of your question. As for the priority, if you have to choose between platform’s security/stability and users’ experience, which one would you choose? We are still in the initial stage and have been developing really fast. Therefore, we have to contribute tremendously to the security and stability of the platform. The core of a mature exchange is not only about users’ experience. As we all know, we cannot really see an exchange model with the traditional capital market. When you are trading in stock exchanges, it’s the brokers that you see, not the exchanges. That’s why I think currently for us the main focus is still to improve our core strength and in the meantime, to perfect the trading experiences along the way.
submitted by FCoinOfficial to FCoin_Official [link] [comments]

You think only Ali has Agents of SHIELD? A higher level of security is here


On May 8th, according to the official announcement of Binance, the Binance exchange discovered a large-scale security vulnerability, and the hacker was able to obtain a large number of user API keys, 2FA codes and other possible information to steal the token assets. At 17:15:24 on May 7, the hacker stole 7,000 bitcoins from the coin-hot wallet at block height 575012.
After the theft of the coin, BNB fell 5% in half an hour and quickly fell below $20. Then Binance announced that, due to security vulnerabilities, Binance will take about one week to conduct a thorough security check, during which time the recharge and withdrawal will be suspended to ensure that the trading market is not affected.
Although Binance announced that the "SAFU Fund" will be used to fully bear the full loss of this attack, no user has any losses, but the impact of user panic caused by the coin theft incident cannot be eliminated in a short period of time.
Faced with the frequent occurrence of coin theft in trading platforms, people can't help but ask why Alipay will not be hacked by hackers.
According to relevant statistics, more than 400 million users use Alipay in China, and the total amount of user assets is immeasurable. This number should be more attractive for hackers, but why is Alipay not hacked?
According to the reason spread on the Internet, the reason why we can use Alipay with peace of mind is because Alipay has a department like Agents of SHIELD. In other words, it is not that hackers do not want to attack Alipay, but they do not have the ability to attack. It is said that the "Agents of SHIELD" will recruit hackers who attack Alibaba. If the hacker can break through the firewall, they will ask the hacker to work in Ali, offering a very generous salary. In addition, even if the last line of defense of the Alipay system was also broken, it was proposed that the transfer network was strictly regulated by the legal currency, which could not be taken away, and could be traced and lead to jail.
For hackers, attacking Alipay is a very unwise choice, not to mention the high level of difficulty, but also to bear the high risk. Compared with the attack Alipay, hacking the token trading platform in the black blockchain field is much easier. As long as there is a loophole in the token trading platform, it gives the hacker a chance. Due to the anonymity of the blockchain transaction, the assets of the trading platform can hardly be recovered after it is lost.
So for hackers, some trading platforms are comparable to "ATMs."
Nowadays, the popular exchanges are still in the development stage of centralization, and the incident of coin theft is almost inevitable. In addition to being attacked by hackers, the situation of inside job of the trading platform has also occurred from time to time. Then, how should the asset security of the token holders be maintained?
The emergence of the new digital wallet TarK wallet provides a new idea for solving the problem. The TarK wallet is a decentralized wallet developed and based on the fourth generation of blockchain technology. In addition to storing the token assets, it also supports payments of all token assets and cross-chain transactions. Tark combines two major features of anonymity and security, as well as six advantages of multi-currency, second-speed, multi-account system, offline signature, multiple verification, and open third-party ecosystem.
Today we are going to emphasize the security protection advantages of the TarK wallet. Tark wallet is the world's first dual-form cold wallet security protection model. It introduces the top technology innovation and multi-person collaborative management function of Silicon Valley in the United States, which greatly reduces the safety factor of users’token asset and can escort the user's token assets!
In addition, Tark wallet will automatically open the never networking mode during idle use, build transactions and signatures at cold end, conect the network and broadcast transactions at hot end, to create a solid protection shield for the token assets, completely eradicate network hacking and resist asset risk caused by various reasons.
TarK wallet provides you with stronger security protection than “Ali’s Agents of SHIELD”, so you can stay away from the coin theft of centralized trading platform!
Quickly download on the official website :http://www.tarkwallet.com/download/down.html
submitted by gswt to u/gswt [link] [comments]

You think only Ali has Agents of SHIELD? A higher level of security is here


On May 8th, according to the official announcement of Binance, the Binance exchange discovered a large-scale security vulnerability, and the hacker was able to obtain a large number of user API keys, 2FA codes and other possible information to steal the token assets. At 17:15:24 on May 7, the hacker stole 7,000 bitcoins from the coin-hot wallet at block height 575012.
After the theft of the coin, BNB fell 5% in half an hour and quickly fell below $20. Then Binance announced that, due to security vulnerabilities, Binance will take about one week to conduct a thorough security check, during which time the recharge and withdrawal will be suspended to ensure that the trading market is not affected.
Although Binance announced that the "SAFU Fund" will be used to fully bear the full loss of this attack, no user has any losses, but the impact of user panic caused by the coin theft incident cannot be eliminated in a short period of time.
Faced with the frequent occurrence of coin theft in trading platforms, people can't help but ask why Alipay will not be hacked by hackers.
According to relevant statistics, more than 400 million users use Alipay in China, and the total amount of user assets is immeasurable. This number should be more attractive for hackers, but why is Alipay not hacked?
According to the reason spread on the Internet, the reason why we can use Alipay with peace of mind is because Alipay has a department like Agents of SHIELD. In other words, it is not that hackers do not want to attack Alipay, but they do not have the ability to attack. It is said that the "Agents of SHIELD" will recruit hackers who attack Alibaba. If the hacker can break through the firewall, they will ask the hacker to work in Ali, offering a very generous salary. In addition, even if the last line of defense of the Alipay system was also broken, it was proposed that the transfer network was strictly regulated by the legal currency, which could not be taken away, and could be traced and lead to jail.
For hackers, attacking Alipay is a very unwise choice, not to mention the high level of difficulty, but also to bear the high risk. Compared with the attack Alipay, hacking the token trading platform in the black blockchain field is much easier. As long as there is a loophole in the token trading platform, it gives the hacker a chance. Due to the anonymity of the blockchain transaction, the assets of the trading platform can hardly be recovered after it is lost.
So for hackers, some trading platforms are comparable to "ATMs."
Nowadays, the popular exchanges are still in the development stage of centralization, and the incident of coin theft is almost inevitable. In addition to being attacked by hackers, the situation of inside job of the trading platform has also occurred from time to time. Then, how should the asset security of the token holders be maintained?
The emergence of the new digital wallet TarK wallet provides a new idea for solving the problem. The TarK wallet is a decentralized wallet developed and based on the fourth generation of blockchain technology. In addition to storing the token assets, it also supports payments of all token assets and cross-chain transactions. Tark combines two major features of anonymity and security, as well as six advantages of multi-currency, second-speed, multi-account system, offline signature, multiple verification, and open third-party ecosystem.
Today we are going to emphasize the security protection advantages of the TarK wallet. Tark wallet is the world's first dual-form cold wallet security protection model. It introduces the top technology innovation and multi-person collaborative management function of Silicon Valley in the United States, which greatly reduces the safety factor of users’token asset and can escort the user's token assets!
In addition, Tark wallet will automatically open the never networking mode during idle use, build transactions and signatures at cold end, conect the network and broadcast transactions at hot end, to create a solid protection shield for the token assets, completely eradicate network hacking and resist asset risk caused by various reasons.
TarK wallet provides you with stronger security protection than “Ali’s Agents of SHIELD”, so you can stay away from the coin theft of centralized trading platform!
Quickly download on the official website :http://www.tarkwallet.com/download/down.html
submitted by gswt to u/gswt [link] [comments]

You think only Ali has Agents of SHIELD? A higher level of security is here


On May 8th, according to the official announcement of Binance, the Binance exchange discovered a large-scale security vulnerability, and the hacker was able to obtain a large number of user API keys, 2FA codes and other possible information to steal the token assets. At 17:15:24 on May 7, the hacker stole 7,000 bitcoins from the coin-hot wallet at block height 575012.
After the theft of the coin, BNB fell 5% in half an hour and quickly fell below $20. Then Binance announced that, due to security vulnerabilities, Binance will take about one week to conduct a thorough security check, during which time the recharge and withdrawal will be suspended to ensure that the trading market is not affected.
Although Binance announced that the "SAFU Fund" will be used to fully bear the full loss of this attack, no user has any losses, but the impact of user panic caused by the coin theft incident cannot be eliminated in a short period of time.
Faced with the frequent occurrence of coin theft in trading platforms, people can't help but ask why Alipay will not be hacked by hackers.
According to relevant statistics, more than 400 million users use Alipay in China, and the total amount of user assets is immeasurable. This number should be more attractive for hackers, but why is Alipay not hacked?
According to the reason spread on the Internet, the reason why we can use Alipay with peace of mind is because Alipay has a department like Agents of SHIELD. In other words, it is not that hackers do not want to attack Alipay, but they do not have the ability to attack. It is said that the "Agents of SHIELD" will recruit hackers who attack Alibaba. If the hacker can break through the firewall, they will ask the hacker to work in Ali, offering a very generous salary. In addition, even if the last line of defense of the Alipay system was also broken, it was proposed that the transfer network was strictly regulated by the legal currency, which could not be taken away, and could be traced and lead to jail.
For hackers, attacking Alipay is a very unwise choice, not to mention the high level of difficulty, but also to bear the high risk. Compared with the attack Alipay, hacking the token trading platform in the black blockchain field is much easier. As long as there is a loophole in the token trading platform, it gives the hacker a chance. Due to the anonymity of the blockchain transaction, the assets of the trading platform can hardly be recovered after it is lost.
So for hackers, some trading platforms are comparable to "ATMs."
Nowadays, the popular exchanges are still in the development stage of centralization, and the incident of coin theft is almost inevitable. In addition to being attacked by hackers, the situation of inside job of the trading platform has also occurred from time to time. Then, how should the asset security of the token holders be maintained?
The emergence of the new digital wallet TarK wallet provides a new idea for solving the problem. The TarK wallet is a decentralized wallet developed and based on the fourth generation of blockchain technology. In addition to storing the token assets, it also supports payments of all token assets and cross-chain transactions. Tark combines two major features of anonymity and security, as well as six advantages of multi-currency, second-speed, multi-account system, offline signature, multiple verification, and open third-party ecosystem.
Today we are going to emphasize the security protection advantages of the TarK wallet. Tark wallet is the world's first dual-form cold wallet security protection model. It introduces the top technology innovation and multi-person collaborative management function of Silicon Valley in the United States, which greatly reduces the safety factor of users’token asset and can escort the user's token assets!
In addition, Tark wallet will automatically open the never networking mode during idle use, build transactions and signatures at cold end, conect the network and broadcast transactions at hot end, to create a solid protection shield for the token assets, completely eradicate network hacking and resist asset risk caused by various reasons.
TarK wallet provides you with stronger security protection than “Ali’s Agents of SHIELD”, so you can stay away from the coin theft of centralized trading platform!
Quickly download on the official website :http://www.tarkwallet.com/download/down.html
submitted by gswt to u/gswt [link] [comments]

You think only Ali has Agents of SHIELD? A higher level of security is here


On May 8th, according to the official announcement of Binance, the Binance exchange discovered a large-scale security vulnerability, and the hacker was able to obtain a large number of user API keys, 2FA codes and other possible information to steal the token assets. At 17:15:24 on May 7, the hacker stole 7,000 bitcoins from the coin-hot wallet at block height 575012.
After the theft of the coin, BNB fell 5% in half an hour and quickly fell below $20. Then Binance announced that, due to security vulnerabilities, Binance will take about one week to conduct a thorough security check, during which time the recharge and withdrawal will be suspended to ensure that the trading market is not affected.
Although Binance announced that the "SAFU Fund" will be used to fully bear the full loss of this attack, no user has any losses, but the impact of user panic caused by the coin theft incident cannot be eliminated in a short period of time.
Faced with the frequent occurrence of coin theft in trading platforms, people can't help but ask why Alipay will not be hacked by hackers.
According to relevant statistics, more than 400 million users use Alipay in China, and the total amount of user assets is immeasurable. This number should be more attractive for hackers, but why is Alipay not hacked?
According to the reason spread on the Internet, the reason why we can use Alipay with peace of mind is because Alipay has a department like Agents of SHIELD. In other words, it is not that hackers do not want to attack Alipay, but they do not have the ability to attack. It is said that the "Agents of SHIELD" will recruit hackers who attack Alibaba. If the hacker can break through the firewall, they will ask the hacker to work in Ali, offering a very generous salary. In addition, even if the last line of defense of the Alipay system was also broken, it was proposed that the transfer network was strictly regulated by the legal currency, which could not be taken away, and could be traced and lead to jail.
For hackers, attacking Alipay is a very unwise choice, not to mention the high level of difficulty, but also to bear the high risk. Compared with the attack Alipay, hacking the token trading platform in the black blockchain field is much easier. As long as there is a loophole in the token trading platform, it gives the hacker a chance. Due to the anonymity of the blockchain transaction, the assets of the trading platform can hardly be recovered after it is lost.
So for hackers, some trading platforms are comparable to "ATMs."
Nowadays, the popular exchanges are still in the development stage of centralization, and the incident of coin theft is almost inevitable. In addition to being attacked by hackers, the situation of inside job of the trading platform has also occurred from time to time. Then, how should the asset security of the token holders be maintained?
The emergence of the new digital wallet TarK wallet provides a new idea for solving the problem. The TarK wallet is a decentralized wallet developed and based on the fourth generation of blockchain technology. In addition to storing the token assets, it also supports payments of all token assets and cross-chain transactions. Tark combines two major features of anonymity and security, as well as six advantages of multi-currency, second-speed, multi-account system, offline signature, multiple verification, and open third-party ecosystem.
Today we are going to emphasize the security protection advantages of the TarK wallet. Tark wallet is the world's first dual-form cold wallet security protection model. It introduces the top technology innovation and multi-person collaborative management function of Silicon Valley in the United States, which greatly reduces the safety factor of users’token asset and can escort the user's token assets!
In addition, Tark wallet will automatically open the never networking mode during idle use, build transactions and signatures at cold end, conect the network and broadcast transactions at hot end, to create a solid protection shield for the token assets, completely eradicate network hacking and resist asset risk caused by various reasons.
TarK wallet provides you with stronger security protection than “Ali’s Agents of SHIELD”, so you can stay away from the coin theft of centralized trading platform!
Quickly download on the official website :http://www.tarkwallet.com/download/down.html
submitted by gswt to u/gswt [link] [comments]

You think only Ali has Agents of SHIELD? A higher level of security is here


On May 8th, according to the official announcement of Binance, the Binance exchange discovered a large-scale security vulnerability, and the hacker was able to obtain a large number of user API keys, 2FA codes and other possible information to steal the token assets. At 17:15:24 on May 7, the hacker stole 7,000 bitcoins from the coin-hot wallet at block height 575012.
After the theft of the coin, BNB fell 5% in half an hour and quickly fell below $20. Then Binance announced that, due to security vulnerabilities, Binance will take about one week to conduct a thorough security check, during which time the recharge and withdrawal will be suspended to ensure that the trading market is not affected.
Although Binance announced that the "SAFU Fund" will be used to fully bear the full loss of this attack, no user has any losses, but the impact of user panic caused by the coin theft incident cannot be eliminated in a short period of time.
Faced with the frequent occurrence of coin theft in trading platforms, people can't help but ask why Alipay will not be hacked by hackers.
According to relevant statistics, more than 400 million users use Alipay in China, and the total amount of user assets is immeasurable. This number should be more attractive for hackers, but why is Alipay not hacked?
According to the reason spread on the Internet, the reason why we can use Alipay with peace of mind is because Alipay has a department like Agents of SHIELD. In other words, it is not that hackers do not want to attack Alipay, but they do not have the ability to attack. It is said that the "Agents of SHIELD" will recruit hackers who attack Alibaba. If the hacker can break through the firewall, they will ask the hacker to work in Ali, offering a very generous salary. In addition, even if the last line of defense of the Alipay system was also broken, it was proposed that the transfer network was strictly regulated by the legal currency, which could not be taken away, and could be traced and lead to jail.
For hackers, attacking Alipay is a very unwise choice, not to mention the high level of difficulty, but also to bear the high risk. Compared with the attack Alipay, hacking the token trading platform in the black blockchain field is much easier. As long as there is a loophole in the token trading platform, it gives the hacker a chance. Due to the anonymity of the blockchain transaction, the assets of the trading platform can hardly be recovered after it is lost.
So for hackers, some trading platforms are comparable to "ATMs."
Nowadays, the popular exchanges are still in the development stage of centralization, and the incident of coin theft is almost inevitable. In addition to being attacked by hackers, the situation of inside job of the trading platform has also occurred from time to time. Then, how should the asset security of the token holders be maintained?
The emergence of the new digital wallet TarK wallet provides a new idea for solving the problem. The TarK wallet is a decentralized wallet developed and based on the fourth generation of blockchain technology. In addition to storing the token assets, it also supports payments of all token assets and cross-chain transactions. Tark combines two major features of anonymity and security, as well as six advantages of multi-currency, second-speed, multi-account system, offline signature, multiple verification, and open third-party ecosystem.
Today we are going to emphasize the security protection advantages of the TarK wallet. Tark wallet is the world's first dual-form cold wallet security protection model. It introduces the top technology innovation and multi-person collaborative management function of Silicon Valley in the United States, which greatly reduces the safety factor of users’token asset and can escort the user's token assets!
In addition, Tark wallet will automatically open the never networking mode during idle use, build transactions and signatures at cold end, conect the network and broadcast transactions at hot end, to create a solid protection shield for the token assets, completely eradicate network hacking and resist asset risk caused by various reasons.
TarK wallet provides you with stronger security protection than “Ali’s Agents of SHIELD”, so you can stay away from the coin theft of centralized trading platform!
Quickly download on the official website :http://www.tarkwallet.com/download/down.html

submitted by tongzhengshijie1 to u/tongzhengshijie1 [link] [comments]

You think only Ali has Agents of SHIELD? A higher level of security is here


On May 8th, according to the official announcement of Binance, the Binance exchange discovered a large-scale security vulnerability, and the hacker was able to obtain a large number of user API keys, 2FA codes and other possible information to steal the token assets. At 17:15:24 on May 7, the hacker stole 7,000 bitcoins from the coin-hot wallet at block height 575012.
After the theft of the coin, BNB fell 5% in half an hour and quickly fell below $20. Then Binance announced that, due to security vulnerabilities, Binance will take about one week to conduct a thorough security check, during which time the recharge and withdrawal will be suspended to ensure that the trading market is not affected.
Although Binance announced that the "SAFU Fund" will be used to fully bear the full loss of this attack, no user has any losses, but the impact of user panic caused by the coin theft incident cannot be eliminated in a short period of time.
Faced with the frequent occurrence of coin theft in trading platforms, people can't help but ask why Alipay will not be hacked by hackers.
According to relevant statistics, more than 400 million users use Alipay in China, and the total amount of user assets is immeasurable. This number should be more attractive for hackers, but why is Alipay not hacked?
According to the reason spread on the Internet, the reason why we can use Alipay with peace of mind is because Alipay has a department like Agents of SHIELD. In other words, it is not that hackers do not want to attack Alipay, but they do not have the ability to attack. It is said that the "Agents of SHIELD" will recruit hackers who attack Alibaba. If the hacker can break through the firewall, they will ask the hacker to work in Ali, offering a very generous salary. In addition, even if the last line of defense of the Alipay system was also broken, it was proposed that the transfer network was strictly regulated by the legal currency, which could not be taken away, and could be traced and lead to jail.
For hackers, attacking Alipay is a very unwise choice, not to mention the high level of difficulty, but also to bear the high risk. Compared with the attack Alipay, hacking the token trading platform in the black blockchain field is much easier. As long as there is a loophole in the token trading platform, it gives the hacker a chance. Due to the anonymity of the blockchain transaction, the assets of the trading platform can hardly be recovered after it is lost.
So for hackers, some trading platforms are comparable to "ATMs."
Nowadays, the popular exchanges are still in the development stage of centralization, and the incident of coin theft is almost inevitable. In addition to being attacked by hackers, the situation of inside job of the trading platform has also occurred from time to time. Then, how should the asset security of the token holders be maintained?
The emergence of the new digital wallet TarK wallet provides a new idea for solving the problem. The TarK wallet is a decentralized wallet developed and based on the fourth generation of blockchain technology. In addition to storing the token assets, it also supports payments of all token assets and cross-chain transactions. Tark combines two major features of anonymity and security, as well as six advantages of multi-currency, second-speed, multi-account system, offline signature, multiple verification, and open third-party ecosystem.
Today we are going to emphasize the security protection advantages of the TarK wallet. Tark wallet is the world's first dual-form cold wallet security protection model. It introduces the top technology innovation and multi-person collaborative management function of Silicon Valley in the United States, which greatly reduces the safety factor of users’token asset and can escort the user's token assets!
In addition, Tark wallet will automatically open the never networking mode during idle use, build transactions and signatures at cold end, conect the network and broadcast transactions at hot end, to create a solid protection shield for the token assets, completely eradicate network hacking and resist asset risk caused by various reasons.
TarK wallet provides you with stronger security protection than “Ali’s Agents of SHIELD”, so you can stay away from the coin theft of centralized trading platform!
Quickly download on the official website :http://www.tarkwallet.com/download/down.html
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submitted by tongzhengshijie1 to u/tongzhengshijie1 [link] [comments]

You think only Ali has Agents of SHIELD? A higher level of security is here

You think only Ali has Agents of SHIELD? A higher level of security is here

On May 8th, according to the official announcement of Binance, the Binance exchange discovered a large-scale security vulnerability, and the hacker was able to obtain a large number of user API keys, 2FA codes and other possible information to steal the token assets. At 17:15:24 on May 7, the hacker stole 7,000 bitcoins from the coin-hot wallet at block height 575012.
📷
https://preview.redd.it/0kgepf9za7631.png?width=557&format=png&auto=webp&s=b3dd79364265830fd99e0f84813ba97a226d2f0c
After the theft of the coin, BNB fell 5% in half an hour and quickly fell below $20. Then Binance announced that, due to security vulnerabilities, Binance will take about one week to conduct a thorough security check, during which time the recharge and withdrawal will be suspended to ensure that the trading market is not affected.
Although Binance announced that the "SAFU Fund" will be used to fully bear the full loss of this attack, no user has any losses, but the impact of user panic caused by the coin theft incident cannot be eliminated in a short period of time.
Faced with the frequent occurrence of coin theft in trading platforms, people can't help but ask why Alipay will not be hacked by hackers.
According to relevant statistics, more than 400 million users use Alipay in China, and the total amount of user assets is immeasurable. This number should be more attractive for hackers, but why is Alipay not hacked?
According to the reason spread on the Internet, the reason why we can use Alipay with peace of mind is because Alipay has a department like Agents of SHIELD. In other words, it is not that hackers do not want to attack Alipay, but they do not have the ability to attack. It is said that the "Agents of SHIELD" will recruit hackers who attack Alibaba. If the hacker can break through the firewall, they will ask the hacker to work in Ali, offering a very generous salary. In addition, even if the last line of defense of the Alipay system was also broken, it was proposed that the transfer network was strictly regulated by the legal currency, which could not be taken away, and could be traced and lead to jail.
📷
https://preview.redd.it/6cwixo90b7631.png?width=553&format=png&auto=webp&s=e5b4750612ea72246a79b1cfc44c7e5fef712aa9
For hackers, attacking Alipay is a very unwise choice, not to mention the high level of difficulty, but also to bear the high risk. Compared with the attack Alipay, hacking the token trading platform in the black blockchain field is much easier. As long as there is a loophole in the token trading platform, it gives the hacker a chance. Due to the anonymity of the blockchain transaction, the assets of the trading platform can hardly be recovered after it is lost.
So for hackers, some trading platforms are comparable to "ATMs."
Nowadays, the popular exchanges are still in the development stage of centralization, and the incident of coin theft is almost inevitable. In addition to being attacked by hackers, the situation of inside job of the trading platform has also occurred from time to time. Then, how should the asset security of the token holders be maintained?
The emergence of the new digital wallet TarK wallet provides a new idea for solving the problem. The TarK wallet is a decentralized wallet developed and based on the fourth generation of blockchain technology. In addition to storing the token assets, it also supports payments of all token assets and cross-chain transactions. Tark combines two major features of anonymity and security, as well as six advantages of multi-currency, second-speed, multi-account system, offline signature, multiple verification, and open third-party ecosystem.
Today we are going to emphasize the security protection advantages of the TarK wallet. Tark wallet is the world's first dual-form cold wallet security protection model. It introduces the top technology innovation and multi-person collaborative management function of Silicon Valley in the United States, which greatly reduces the safety factor of users’token asset and can escort the user's token assets!
In addition, Tark wallet will automatically open the never networking mode during idle use, build transactions and signatures at cold end, conect the network and broadcast transactions at hot end, to create a solid protection shield for the token assets, completely eradicate network hacking and resist asset risk caused by various reasons.
TarK wallet provides you with stronger security protection than “Ali’s Agents of SHIELD”, so you can stay away from the coin theft of centralized trading platform!
Quickly download on the official website :http://www.tarkwallet.com/download/down.html
submitted by tongzhengshijie1 to u/tongzhengshijie1 [link] [comments]

You think only Ali has Agents of SHIELD? A higher level of security is here

You think only Ali has Agents of SHIELD? A higher level of security is here

On May 8th, according to the official announcement of Binance, the Binance exchange discovered a large-scale security vulnerability, and the hacker was able to obtain a large number of user API keys, 2FA codes and other possible information to steal the token assets. At 17:15:24 on May 7, the hacker stole 7,000 bitcoins from the coin-hot wallet at block height 575012.
📷
https://preview.redd.it/6gh7lqb2r7531.png?width=557&format=png&auto=webp&s=25481a04473372829712d9d7d88c095674f6cea5
After the theft of the coin, BNB fell 5% in half an hour and quickly fell below $20. Then Binance announced that, due to security vulnerabilities, Binance will take about one week to conduct a thorough security check, during which time the recharge and withdrawal will be suspended to ensure that the trading market is not affected.
Although Binance announced that the "SAFU Fund" will be used to fully bear the full loss of this attack, no user has any losses, but the impact of user panic caused by the coin theft incident cannot be eliminated in a short period of time.
Faced with the frequent occurrence of coin theft in trading platforms, people can't help but ask why Alipay will not be hacked by hackers.
According to relevant statistics, more than 400 million users use Alipay in China, and the total amount of user assets is immeasurable. This number should be more attractive for hackers, but why is Alipay not hacked?
According to the reason spread on the Internet, the reason why we can use Alipay with peace of mind is because Alipay has a department like Agents of SHIELD. In other words, it is not that hackers do not want to attack Alipay, but they do not have the ability to attack. It is said that the "Agents of SHIELD" will recruit hackers who attack Alibaba. If the hacker can break through the firewall, they will ask the hacker to work in Ali, offering a very generous salary. In addition, even if the last line of defense of the Alipay system was also broken, it was proposed that the transfer network was strictly regulated by the legal currency, which could not be taken away, and could be traced and lead to jail.
📷
https://preview.redd.it/v1pugzg3r7531.png?width=553&format=png&auto=webp&s=f47f606ecddbf6bcb4f843d0fb22535bd387e74b
For hackers, attacking Alipay is a very unwise choice, not to mention the high level of difficulty, but also to bear the high risk. Compared with the attack Alipay, hacking the token trading platform in the black blockchain field is much easier. As long as there is a loophole in the token trading platform, it gives the hacker a chance. Due to the anonymity of the blockchain transaction, the assets of the trading platform can hardly be recovered after it is lost.
So for hackers, some trading platforms are comparable to "ATMs."
Nowadays, the popular exchanges are still in the development stage of centralization, and the incident of coin theft is almost inevitable. In addition to being attacked by hackers, the situation of inside job of the trading platform has also occurred from time to time. Then, how should the asset security of the token holders be maintained?
The emergence of the new digital wallet TarK wallet provides a new idea for solving the problem. The TarK wallet is a decentralized wallet developed and based on the fourth generation of blockchain technology. In addition to storing the token assets, it also supports payments of all token assets and cross-chain transactions. Tark combines two major features of anonymity and security, as well as six advantages of multi-currency, second-speed, multi-account system, offline signature, multiple verification, and open third-party ecosystem.
Today we are going to emphasize the security protection advantages of the TarK wallet. Tark wallet is the world's first dual-form cold wallet security protection model. It introduces the top technology innovation and multi-person collaborative management function of Silicon Valley in the United States, which greatly reduces the safety factor of users’token asset and can escort the user's token assets!
In addition, Tark wallet will automatically open the never networking mode during idle use, build transactions and signatures at cold end, conect the network and broadcast transactions at hot end, to create a solid protection shield for the token assets, completely eradicate network hacking and resist asset risk caused by various reasons.
TarK wallet provides you with stronger security protection than “Ali’s Agents of SHIELD”, so you can stay away from the coin theft of centralized trading platform!
Quickly download on the official website :http://www.tarkwallet.com/download/down.html
submitted by tongzhengshijie1 to u/tongzhengshijie1 [link] [comments]

You think only Ali has Agents of SHIELD? A higher level of security is here

You think only Ali has Agents of SHIELD? A higher level of security is here

On May 8th, according to the official announcement of Binance, the Binance exchange discovered a large-scale security vulnerability, and the hacker was able to obtain a large number of user API keys, 2FA codes and other possible information to steal the token assets. At 17:15:24 on May 7, the hacker stole 7,000 bitcoins from the coin-hot wallet at block height 575012.

https://preview.redd.it/l1hwyeg3re531.png?width=557&format=png&auto=webp&s=1326c49e07ca00a75f7aa336977b68e618f1cc25
After the theft of the coin, BNB fell 5% in half an hour and quickly fell below $20. Then Binance announced that, due to security vulnerabilities, Binance will take about one week to conduct a thorough security check, during which time the recharge and withdrawal will be suspended to ensure that the trading market is not affected.
Although Binance announced that the "SAFU Fund" will be used to fully bear the full loss of this attack, no user has any losses, but the impact of user panic caused by the coin theft incident cannot be eliminated in a short period of time.
Faced with the frequent occurrence of coin theft in trading platforms, people can't help but ask why Alipay will not be hacked by hackers.
According to relevant statistics, more than 400 million users use Alipay in China, and the total amount of user assets is immeasurable. This number should be more attractive for hackers, but why is Alipay not hacked?
According to the reason spread on the Internet, the reason why we can use Alipay with peace of mind is because Alipay has a department like Agents of SHIELD. In other words, it is not that hackers do not want to attack Alipay, but they do not have the ability to attack. It is said that the "Agents of SHIELD" will recruit hackers who attack Alibaba. If the hacker can break through the firewall, they will ask the hacker to work in Ali, offering a very generous salary. In addition, even if the last line of defense of the Alipay system was also broken, it was proposed that the transfer network was strictly regulated by the legal currency, which could not be taken away, and could be traced and lead to jail.

https://preview.redd.it/sz1v5b15re531.png?width=553&format=png&auto=webp&s=cd0c162f1397afef0ae4eb232d1de187c594dfaf
For hackers, attacking Alipay is a very unwise choice, not to mention the high level of difficulty, but also to bear the high risk. Compared with the attack Alipay, hacking the token trading platform in the black blockchain field is much easier. As long as there is a loophole in the token trading platform, it gives the hacker a chance. Due to the anonymity of the blockchain transaction, the assets of the trading platform can hardly be recovered after it is lost.
So for hackers, some trading platforms are comparable to "ATMs."
Nowadays, the popular exchanges are still in the development stage of centralization, and the incident of coin theft is almost inevitable. In addition to being attacked by hackers, the situation of inside job of the trading platform has also occurred from time to time. Then, how should the asset security of the token holders be maintained?
The emergence of the new digital wallet TarK wallet provides a new idea for solving the problem. The TarK wallet is a decentralized wallet developed and based on the fourth generation of blockchain technology. In addition to storing the token assets, it also supports payments of all token assets and cross-chain transactions. Tark combines two major features of anonymity and security, as well as six advantages of multi-currency, second-speed, multi-account system, offline signature, multiple verification, and open third-party ecosystem.
Today we are going to emphasize the security protection advantages of the TarK wallet. Tark wallet is the world's first dual-form cold wallet security protection model. It introduces the top technology innovation and multi-person collaborative management function of Silicon Valley in the United States, which greatly reduces the safety factor of users’token asset and can escort the user's token assets!
In addition, Tark wallet will automatically open the never networking mode during idle use, build transactions and signatures at cold end, conect the network and broadcast transactions at hot end, to create a solid protection shield for the token assets, completely eradicate network hacking and resist asset risk caused by various reasons.
TarK wallet provides you with stronger security protection than “Ali’s Agents of SHIELD”, so you can stay away from the coin theft of centralized trading platform!
Quickly download on the official website :http://www.tarkwallet.com/download/down.html
submitted by tongzhengshijie1 to u/tongzhengshijie1 [link] [comments]

Crypto winter is over… Who survived?

The cryptocurrency market is experiencing tectonic changes. It’s not about a 108.36% increase in the cryptocurrency capitalization this year. It’s about the projects who weathered the crypto winter and entering the field.
Pillars of the traditional financial market are coming…
The market seems to start maturing, with institutional investors increasing their exposure to crypto. On May 31st the number of Bitcoin contracts on the Chicago Mercantile Exchange reached an all-time high. Cambridge Associates in their research mentioned that the industry “is developing, not faltering” and suggested that institutional investors should begin exploring it. Finally, according to Binance research, institutional investors were buying units in Grayscale Bitcoin Trust at a 40% premium.
Given my VC background, I find the following evidence even more conceiving than the mere price of bitcoin. It’s the established companies tapping the waters. In June Apple revealed that iOS 13 would have a cryptographic developer tool. Prior to that in March Samsung presented cryptocurrency wallet for its flagship phone. Nevertheless, both Apple and Samsung are merely addressing the needs of the existing cryptocurrency community, without meaningfully contributing to its growth.
New long awaited coins: Grams (TON) vs GlobalCoin (Facebook)
There are two major IT projects that are set to push the horizons of the blockchain adoption. The first one is Facebook GlobalCoin initiative. It would be a huge PR event for the industry and would dramatically boost liquidity by introducing new investors who were not accustomed to the world of the blockchain.
The second one is obviously Telegram with its Telegram Open Network. The publicly available archive with the client was updated to the next version on June 6th. Despite lower user base than that of Facebook, TON would face a better adoption thanks to the following facts:
All these facts prove that the future of the blockchain industry and cryptocurrency markets is quite bright.
Who are the major beneficiaries?
The major movers in the field became the cryptocurrency exchanges. Most of them are evolving into full-service financial companies, with crowdfunding functionality (IEO) and OTC desks. They also start targeting institutions. Some of them are still struggling to get traction with fiat payments though.
Overall, the cryptocurrency landscape seems to be clearer now, with many companies releasing nothing for months. With all the weeds taken out, we shall see a great advance in the blockchain space over the second half of 2019, in both financial services and blockchain segments.
Blackmoon’s part of the pie
As we outlined in our latest digest, Blackmoon has been working hard on introducing new products and functionality:
💼 Blackmoon wallet,
💳 Credit card payments,
🏦 Bank wires,
📈 as well as six new investment products.
We are not going to stop, and July is going to be a significant month for the company and our community.
Blackmoon plans to fundamentally improve the functionality of the platform. This will enable investors:
Moreover, this release will introduce new functionality of our native BMC token.
I’m more than thrilled to tell you more details soon. Stay tuned to our updates to reach new crypto horizons together with Blackmoon.
Handy links to stay tuned to our updates:
website: blackmoonplatform.com telegram channel: https://t.me/blackmooncryptochannel Twitter: https://twitter.com/BlackmoonFG Reddit: https://www.reddit.com/BlackMoonCrypto/
DISCLAIMER
Investment in financial instruments carries a significant risk of loss and may not BE suitable for every investor. Before purchasing our investment products, please consider your level of experience, investment objectives and risk appetite, and consult an independent financial or legal advisor to ensure the product meets your objectives. Please note that your investments do not have capital protection and carry a risk of loss, including the loss of the entire investment amount; therefore, you should not risk the capital you cannot afford to lose. This material is presented for information purposes only and does not constitute a solicitation or investment advice.
submitted by GrimReaperCRO to CryptoMarkets [link] [comments]

How to easily open a digital currency exchange? Hubi Exchange Alliance is the best choice

How to easily open a digital currency exchange? Hubi Exchange Alliance is the best choice
With the growth of digital currency price in 2017, the industry of blockchain has attracted more and more public attention. Since 2013, CZ has been involved in the encrypted currency project and realized the prospects of the industry. He sold his house and invested all the money into digital currency.
In July 2017, CZ set up its own digital currency exchange, Binance, and soon received tens of millions of dollars in Angel Investment from FUNCity capital and BLACK HOLE. Subsequently, in its first operation report published in January this year, Binance announced that more than 6 million registered users worldwide have been registered on the platform, of which more than 97% are foreign users and cover more than 180 countries worldwide. In just six months, CZ has created nearly 10 billion dollars in wealth.
At the same time, in the first list of digital currency billionaires released by Forbes in February this year, CZ, the founder of bitcoin, ranked the third with a net worth of over 10 billion yuan, becoming the first Chinese to be listed in the top 10 and appearing on the cover of the current Forbes magazine.
With the crazy rise of digital currency ‘ s market value, digital currency trading platform has become one of the most profitable businesses in the blockchain industry. Exchanges are undoubtedly the best choice for gold panning in the sector of blockchains. Hubi Global Alliance (HBGA) , opening the exchange with one button. Will the next CZ be you?
Hubi Global Alliance (HBGA) makes it easy for everyone to own exchanges
Now applying to join the HBGA super nodes, it only needs 5700 USDT to open an exchange with exclusive operation rights, and can be returned 100%. Everyone can become a super node.

https://preview.redd.it/4cz2x9isuab21.jpg?width=600&format=pjpg&auto=webp&s=10742d6576bf64c1014456b08c5afa8a1e8e0868
Hubi Global Alliance (HBGA) is a super-node exchange alliance initiated by Hubi. Unlike other exchange alliances, Hubi Global Alliance pioneered the “Exchange Alliance 3.0” model with very low entry threshold. Hubi Global Alliance Exchange Alliance can not only expand and radiate its coverage in the digital currency industry in a short time, but also quickly gather all strengths in the industry to become a stronger and larger exchange alliance.
Each exchange of Hubi Global Alliance is built on a safe and reliable “new digital currency trading system”, which can easily achieve cross-exchange transactions of digital currency. Super nodes can share transaction depth and liquidity each other.

https://preview.redd.it/fh12a13tuab21.png?width=600&format=png&auto=webp&s=8650d342b1999886ad11dc6c4520224c80a4d9a3
First, the user orders of each super-node can be prioritized in their own exchanges for automatic matching. Then, if orders are not completed in time, the system will automatically merge and complete transactions between super-nodes without active application. Compared with other exchange alliances, Alliance Super-nodes enjoy equal rights and interests. By sharing transaction depth and liquidity among super-nodes, the transaction rate of alliance users’orders can be greatly improved, and the global circulation of alliance transaction service ecosystem can be formed.
At the same time, Hubi Global Alliance provides a set of public OTC systems for bank certification, financial level security and encryption, and shares the depth of OTC transactions. The alliance super node can provide users with efficient, safe and fast access fee service without expending a lot of energy to recruit OTC service providers.
For practitioners, the two major indicators of “convenience of access to capital” and “transaction rate of user orders” are important indicators to measure the depth of user experience of an exchange. Poor experience can directly affect the transaction volume of an exchange. Hubi Global Alliance provides fast access to cash with the “Public OTC System”. The system design that enables super nodes to share transaction depth and improve the liquidity between them can not only greatly improve the transaction rate of user orders, but also greatly enhance the competitiveness of Hubi Global Alliance super nodes.
Hubi Global Alliance has made remarkable achievements in breaking into the field of digital currency exchanges with the “Pioneering Exchange Alliance 3.0 Model” and the ” Pioneering Digital Currency Trading System”.
Currently, Hubi Global Alliance 24 hours total transaction volume is $208756501, the total number of alliance users has reached 712710 people, and is still growing rapidly.

https://preview.redd.it/6bt197ktuab21.png?width=600&format=png&auto=webp&s=b3a706abe3f0d47292c75c822f1951b0183f84f7
Hubi Global Alliance super nodes enjoy the ecological bonus of the Alliance, and carries the corresponding rights and dividends through the HUB.
HUB (Hubi Blockchain) eco-currency is issued by HB Global Blockchain Foundation Limited (Singapore) in compliance. As the global token connecting Hubi eco-system, HUB (Hubi Blockchain) carries the consensus of ecological rights, circulation attributes and value. HUB no private placement, no ICO, no airdrop, no gifts, and never free. The total number of its issued constant 5 billion, and promised never additional.
Hubi Global Alliance super nodes can enjoy Alliance interests and Alliance ecological dividends. The specific rights and interests are as follows:
Joint Vote on Coin listing
Hubi Global Alliance launched the voting consensus mechanism. The super nodes of Hubi Global Alliance have a high degree of consensus, taking HUB as the equity units. The alliance jointly vote on the coin listing, and the users of the alliance can get the currency transaction fees of the project, the voting is mining.
HUB holders can enjoy the rights of Joint Vote on Coin listing via Hubi Global Alliance.
Node as mining in Hubi Global Alliance
Hubi Global Alliance super nodes have a high degree of consensus, sharing the Alliance ecological dividend, and can obtain the corresponding Alliance ecological dividend according to the total number of circulating HUB held in the node, so as to realize the node as mining.
Hubi Global Alliance super node can enjoy mining bonus. Mining dividends are as follows:
Mining bonus of the super node = (total alliance transaction fee *20%) *50%* (total HUB holdings for the super node/all available HUB).
HUB holders can receive “Node as mining” bonus from Hubi Global Alliance.

https://preview.redd.it/s77wf4buuab21.png?width=600&format=png&auto=webp&s=254188963a2f4f7f54b0362ee7756fc908f20741
Hubi Global Alliance recruits global super nodes
Hubi Global Alliance is recruiting super nodes worldwide. If you want to easily own your exclusive digital currency exchange, don’t miss this great opportunity!
Now apply to join Hubi Global Alliance Global super nodes, zero entry threshold, 100% return. For details please contact: [[email protected]](mailto:[email protected]), or add business consultation (WeChat ID: l_zhen1019).

https://preview.redd.it/w4868v1vuab21.png?width=600&format=png&auto=webp&s=e3d71055a9f326123b42ff2de489d5e79267acd8
We welcome more blockchain institutions to become super nodes of Hubi Global Alliance, to jointly build Hubi ecology and share the ecological bonus of the Alliance.
Apply for One-click Exchange & Coin Listing Cooperation on High-quality Projects:
Business email: [email protected]
Business WeChat: l_zhen1019
Contact information:
Website: https://www.hubi.com/
Official WeChat: HubiGlobal
WeChat Subscription: HubiGlobalAlliance
Official QQ group: 757199968
Twitter: @hubi_com
Twitter: https://twitter.com/HubiExchange
Facebook: https://www.facebook.com/HubiExchange
submitted by newsget to u/newsget [link] [comments]

Bitcoin’s $4.2K Resistance, Binance Coin BuyBack Strategy  Crypto Markets Binance Has Been Hacked Binance Buying CoinMarketCap & Why It's Great for Bitcoin Price BITCOIN $380K END GAME!! BINANCE LIBRA FORK? - Programmer Explains Binance BUYS CoinMarketCap... Bitcoin Q&A: Binance hack, chain roll-back? BITCOIN BULL RUN IN 30 DAYS SAYS CRYPTO TRADER - Binance Biggest Upgrade Ever

Digital money that’s instant, private, and free from bank fees. Download our official wallet app and start using Bitcoin today. Read news, start mining, and buy BTC or BCH. Bitcoin Black CryptoCurrency. Fee Free & Instant transactions. Fair Distribution. Giving the power back to the people. Join the Free coin airdrop. The global black market is estimated to be roughly 20% of global GDP. The stereotypical picture of the black market is illegal drugs and other illicit activities of a salubrious nature. This is not the case and in fact these activities are only a very small part of the entire black market. Not declaring employees, taking cash payments and other ... Bitcoin, currently ranked #1 by market cap, is up 1.95% over the past 24 hours. BTC has a market cap of $247.92B with a 24 hour volume of $34.26B. Bitcoin Price Chart Hackers stole 7,000 bitcoin from major cryptocurrency exchange Binance, the platform said. They used a variety of methods to carry out the “large scale security breach," according to the exchange. Bitcoin transactions on darknet markets jumped 65% in value during the first quarter, according to research by a blockchain analytics firm. The amount of bitcoin sent from darknet entities to ... 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 ... We are moving inside the ascending channel. BTCUSDT tested its resistance line. We will most likely come to the middle line of this channel as well as the black trend line. RSI is overbought. Best regards EXCAVO Binance cryptocurrency exchange - We operate the worlds biggest bitcoin exchange and altcoin crypto exchange in the world by volume Binance trade volume and market listings

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Bitcoin’s $4.2K Resistance, Binance Coin BuyBack Strategy Crypto Markets

Bitcoin’s $4.2K Resistance, Binance Coin BuyBack Strategy Crypto Markets. Category News & Politics; License Creative Commons Attribution license (reuse allowed) Show more Show less. Loading ... Website - https://RedPandaMining.com Facebook ... #Bitcoin #CoinMarketCap #Binance. Category Science & Technology; Show more Show less. Loading... Hide chat Show chat. Advertisement Autoplay When ... On-chain analyst Willy Woo published a new Bitcoin price model showing a new BTC bull run could begin in 30 days. One fundamental metric just reached levels not seen since just before the intense ... Binance Has Been Hacked Jumping on live to discuss what is going on with the Binance Bitcoin Hack! #Binance #Bitcoin #Hack. Firstly, thanks for watching I appreciate your support! In today's video, we take a look at the binance expected acquisition of coinmarketcap and whether or not this is good for crypto. If you would like to be highlighted on my channel please reach out ... Binance considered rolling back the Bitcoin chain in order to recover stolen funds. How would that have happened? How likely is it that such a recovery method would be executed in the future? Robert Kiyosaki interview: Blockchain technology, AI, Crypto, Bitcoin BTC Halving 2020 Robert Kiyosaki 58,261 watching Live now BITCOIN VS WORLD DICTATORSHIP + Cypherium Review (Stack vs Register ...

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