Kraken CEO: Bitcoin Price Run Powered By Real Demand, Not ...

Coinviva Market Weekly Report - Week of 05/04/2020

Coinviva Market Weekly Report - Week of 05/04/2020

BTC/USD Hourly Chart
The Bitcoin price was able to break out of the upper Keltner channel at $6,540 and reached as high as $7,285 at one point. It went back to $6,818 which is near the resistance level from last December. The higher highs and higher lows show that the price is back on an upward trend.
The BTC price is expected to test the $7,140 resistance next week. If the momentum keeps up, the price can potentially go back to $7,650 in the medium term. For the time-being, wait for the price to break above the Keltner channel again near $7,000 and then enter a long position, with support at around $6,650.
Review of the week:
Despite the economic downturn induced by the coronavirus pandemic, Kraken CEO Jesse Powell predicts that Bitcoin (BTC) and the crypto industry as a whole will perform well in the months ahead. In an interview with Forbes, Powell reveals that while many companies are laying off workers, the San Francisco-based exchange is increasing its staff by nearly 10% due to an uptick in interest in the cryptocurrency market at large ever since the coronavirus surfaced in China. He says that both the cryptocurrency and traditional markets have their share of retail investors who make trades on a whim, and that Bitcoin has remained relatively stable, with the price rebounding by 30% plus last week.
A closely-watched Bitcoin (BTC) whale Joe007, who earned $20 million in realized profits on Bitfinex between February and March, says he expects more pain ahead for the global economy and predicts waves of volatility as governments push to prop up traditional markets and combat a devastating loss of jobs: “It is going to be the biggest economic shock of our generation. It will unfold in waves and over time, giving false hopes and then crushing them. The focus of the crisis will be shifting through different areas. Attempts to alleviate and solve one crisis will lead to more mess.” He expects investors to continue shifting assets to US dollars – a dynamic that pummeled equities and the crypto markets in March.
In a letter to investors, CEO and co-founder of Quantum Economics, Mati Greenspan, says Bitcoin’s recent crash, along with traditional markets, is not surprising. He argues that concerns are overblown regarding whether the leading cryptocurrency still has a future after the volatile pullback: “There seems to be an existential question going around the crypto market at the moment where people are saying that if bitcoin can’t rise in this environment then it probably doesn’t have much of a reason to exist at all. After all, the narrative of using bitcoin as a safe haven in times of financial stress has been a rather strong one throughout the years and so now should really be BTC’s time to shine. Bitcoin was invented to give us an alternative to money that is controlled by governments and banks. The volatility is largely due to the fact that it’s quite new and adoption rates are unstable, which leads to large levels of speculation. So, a measure of success would be to see bitcoin remain on a slow but steady incline, rather than zooming towards the moon due to global uncertainty.”
Disclaimer: The above market commentary is based on technical analysis using historical pricing data, and is for reference only. It does not serve as investment or trading advice.

About Coinviva:
Coinviva aims to create the best crypto financial services ecosystem for both institutional and individual investors. We provide reliable fiat funding options, excellent trading liquidity, bank security level custody and one-stop high liquidity provision on-site & off-site. Our founding management team all come from top tiered investment banking (e.g. JP Morgan, Morgan Stanley, Bank of America Merrill Lynch), with fully comprehensive financial institution operation experience.
Homepage: https://coinviva.com/
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kraken.us Customer Support Number +1(888)-780-0222 Get Help Now If any Issues u/WeirdAcanthocephala6

📷 kraken Customer Support Number +1-888-780-0222
In this guide, we’ll learn everything there is to know about the Coinbase vs Kraken rivalry!
So, you’re on our way to becoming a crypto buff and you’re ready to get trading! But, where do you start?!
Cryptocurrencies aren’t like bread, eggs, and milk. We can’t go down to our local store to get them, and Amazon definitely isn’t sending them with next-day delivery! Instead, we need to go to an online cryptocurrency exchange.
Essentially, these exchanges help us swap our local currency into cryptocurrency. They also provide a platform for trading cryptocurrencies, selling them and storing them. But with so many options available, which should you choose?
Kraken and Coinbase are some of the largest and most reputable online currency exchanges. However, it’s also important to understand their differences.
Back in 2011, the founder of Kraken, Jesse Powell, was working at the largest cryptocurrency exchange of its time, Mt. Gox. There had just been two major hacks, and security was becoming difficult to manage. Bitcoins were going missing. If this continued, the future of crypto was bleak.
Jesse thought that he could do a better job. He knew he could create a secure cryptocurrency exchange which would help people trust in the system and bring crypto into the mainstream!
So, he created Kraken. He focussed on security when creating Kraken; hackers were never going to get past his security system. And so far, it has worked — Kraken has never been hacked.
Now, Kraken aims to be the exchange that offers the widest range of cryptocurrencies that you can buy using fiat currencies (USD, EUR, JPY, etc.).
After its public refusal, Kraken expressed an intentionto return service to New York residence pending the removal of what it perceived as unfair and counterproductive licensing.
Coinsetter, announced to clients in December 2015 that it would thenceforth impose a $65 fee to offset the cost of the very same BitLicense Kraken refused to afford.
In absorbing Coinsetter, and by extension Cavirtex, the following month, Kraken opened up its platform to residents of 37 other states, and to all Canadian residents.
Alongside this deal, Kraken announced partnerships with payment providers SynapsePay in the U.S. and Vogogo in Canada, in order to provide its newest clients with access to fiat deposits and withdrawals respectively.
One month later, Kraken announced the completion of its Series B round of investment lead by SBI Investment, a prominent Japanese venture capitalist firm under SBI Holdings. Following this investment round,
Kraken announced two major acquisitions that year: Dutch exchange CleverCoin, which was acquired in June, and Glidera, a wallet service allowing users to directly fund Glidera bank accounts with fiat for the purchase of cryptocurrencies on the Kraken exchange.
Kraken's reputation for security was challenged amidst 2016's buildout of partnerships and acquisitions.
Multiple claims emerged in the latter half of July via news media and social networks that clients’ accounts had been compromised and funds stolen.
As Kraken went silent reportedly for investigation, users threatened to alert and petition the FBI's Cyber Crimes Division for redress. Within a month,
Kraken presented clarification that ‘Kraken’ was never compromised; that is, after internal investigation, the
security team reached the conclusion that Kraken systems, servers, and databases were not accessed by malicious attackers due to any identifiable vulnerability for which they would be responsible.
The company attributed affected users’ missing funds to phishing and man-in-the-middle attacks, and stressed the importance of enabling
Kraken websites security features, such as two-factor authentication for withdrawals or the Global Settings Lock to restrict unfamiliar IP access.
In the aftermath of the hack that wasn't, Kraken asserted recognition of their continued responsibility to protect clients, and stressed equally so, the client's responsibility in protecting him- or herself.
submitted by WeirdAcanthocephala6 to u/WeirdAcanthocephala6 [link] [comments]

The Great Bitcoin Bull Market Of 2017 by Trace Mayer

By: Trace Mayer, host of The Bitcoin Knowledge Podcast.
Originally posted here with images and Youtube videos.
I just got back from a two week vacation without Internet as I was scouring some archeological ruins. I hardly thought about Bitcoin at all because there were so many other interesting things and it would be there when I got back.
Jimmy Song suggested I do an article on the current state of Bitcoin. A great suggestion but he is really smart (he worked on Armory after all!) so I better be thorough and accurate!
Therefore, this article will be pretty lengthy and meticulous.
BACKGROUND
As I completely expected, the 2X movement from the New York Agreement that was supposed to happen during the middle of my vacation flopped on its face because Jeff Garzik was driving the clown car with passengers willfully inside like Coinbase, Blockchain.info, Bitgo and Xapo and there were here massive bugS and in the code and miners like Bitmain did not want to allocate $150-350m to get it over the difficulty adjustments.
I am very disappointed in their lack of integrity with putting their money where their mouths are; myself and many others wanted to sell a lot of B2X for BTC!
On 7 December 2015, with Bitcoin trading at US$388.40, I wrote The Rise of the Fourth Great Bitcoin Bubble. On 4 December 2016, with Bitcoin trading at US$762.97, I did this interview:

As of 26 November 2017, Bitcoin is trading around US$9,250.00. That is an increase of about 2,400% since I wrote the article prognosticating this fourth great Bitcoin bull market. I sure like being right, like usual (19 Dec 2011, 1 Jul 2013), especially when there are financial and economic consequences.
With such massive gains in such a short period of time the speculative question becomes: Buy, Hold or Sell?
FUNDAMENTALS
Bitcoin is the decentralized censorship-resistant Internet Protocol for transferring value over a communications channel.
The Bitcoin network can use traditional Internet infrastructure. However, it is even more resilient because it has custom infrastructure including, thanks to Bitcoin Core developer Matt Corrallo, the FIBRE network and, thanks to Blockstream, satellites which reduce the cost of running a full-node anywhere in the world to essentially nothing in terms of money or privacy. Transactions can be cheaply broadcast via SMS messages.
SECURITY
The Bitcoin network has a difficulty of 1,347,001,430,559 which suggests about 9,642,211 TH/s of custom ASIC hardware deployed.
At a retail price of approximately US$105/THs that implies about $650m of custom ASIC hardware deployed (35% discount applied).
This custom hardware consumes approximately 30 TWh per year. That could power about 2.8m US households or the entire country of Morocco which has a population of 33.85m.
This Bitcoin mining generates approximately 12.5 bitcoins every 10 minutes or approximately 1,800 per day worth approximately US$16,650,000.
Bitcoin currently has a market capitalization greater than $150B which puts it solidly in the top-30 of M1 money stock countries and a 200 day moving average of about $65B which is increasing about $500m per day.
Average daily volumes for Bitcoin is around US$5B. That means multi-million dollar positions can be moved into and out of very easily with minimal slippage.
When my friend Andreas Antonopolous was unable to give his talk at a CRYPSA event I was invited to fill in and delivered this presentation, impromptu, on the Seven Network Effects of Bitcoin.
These seven network effects of Bitcoin are (1) Speculation, (2) Merchants, (3) Consumers, (4) Security [miners], (5) Developers, (6) Financialization and (7) Settlement Currency are all taking root at the same time and in an incredibly intertwined way.
With only the first network effect starting to take significant root; Bitcoin is no longer a little experiment of magic Internet money anymore. Bitcoin is monster growing at a tremendous rate!!

SPECULATION
For the Bitcoin price to remain at $9,250 it requires approximately US$16,650,000 per day of capital inflow from new hodlers.
Bitcoin is both a Giffen good and a Veblen good.
A Giffen good is a product that people consume more of as the price rises and vice versa — seemingly in violation of basic laws of demand in microeconomics such as with substitute goods and the income effect.
Veblen goods are types of luxury goods for which the quantity demanded increases as the price increases in an apparent contradiction of the law of demand.
There are approximately 16.5m bitcoins of which ~4m are lost, ~4-6m are in deep cold storage, ~4m are in cold storage and ~2-4m are salable.
(http://www.runtogold.com/images/lost-bitcoins-1.jpg)
(http://www.runtogold.com/images/lost-bitcoins-2.jpg)
And forks like BCash (BCH) should not be scary but instead be looked upon as an opportunity to take more territory on the Bitcoin blockchain by trading the forks for real bitcoins which dries up more salable supply by moving it, likely, into deep cold storage.
According to Wikipedia, there are approximately 15.4m millionaires in the United States and about 12m HNWIs ($30m+ net worth) in the world. In other words, if every HNWI in the world wanted to own an entire bitcoin as a 'risk-free asset' that cannot be confiscated, seized or have the balance other wise altered then they could not.
For wise portfolio management, these HNWIs should have at least about 2-5% in gold and 0.5-1% in bitcoin.
Why? Perhaps some of the 60+ Saudis with 1,700 frozen bank accounts and about $800B of assets being targetted might be able to explain it to you.
In other words, everyone loves to chase the rabbit and once they catch it then know that it will not get away.
RETAIL
There are approximately 150+ significant Bitcoin exchanges worldwide. Kraken, according to the CEO, was adding about 6,000 new funded accounts per day in July 2017.
Supposedly, Coinbase is currently adding about 75,000 new accounts per day. Based on some trade secret analytics I have access to; I would estimate Coinbase is adding approximately 17,500 new accounts per day that purchase at least US$100 of Bitcoin.
If we assume Coinbase accounts for 8% of new global Bitcoin users who purchase at least $100 of bitcoins (just pulled out of thin error and likely very conservative as the actual number is perhaps around 2%) then that is approximately $21,875,000 of new capital coming into Bitcoin every single day just from retail demand from 218,750 total new accounts.
What I have found is that most new users start off buying US$100-500 and then after 3-4 months months they ramp up their capital allocation to $5,000+ if they have the funds available.
After all, it takes some time and practical experience to learn how to safely secure one's private keys.
To do so, I highly recommend Bitcoin Core (network consensus and full validation of the blockchain), Armory (private key management), Glacier Protocol (operational procedures) and a Puri.sm laptop (secure non-specialized hardware).
WALL STREET
There has been no solution for large financial fiduciaries to invest in Bitcoin. This changed November 2017.
LedgerX, whose CEO I interviewed 23 March 2013, began trading as a CFTC regulated Swap Execution Facility and Derivatives Clearing Organization.
The CME Group announced they will begin trading in Q4 2017 Bitcoin futures.
The CBOE announced they will begin trading Bitcoin futures soon.
By analogy, these institutional products are like connecting a major metropolis's water system (US$90.4T and US$2 quadrillion) via a nanoscopic shunt to a tiny blueberry ($150B) that is infinitely expandable.
This price discovery could be the most wild thing anyone has ever experienced in financial markets.
THE GREAT CREDIT CONTRACTION
The same week Bitcoin was released I published my book The Great Credit Contraction and asserted it had now begun and capital would burrow down the liquidity pyramid into safer and more liquid assets.
(http://www.runtogold.com/images/Great-Credit-Contraction-Liquidity-Pyramid.jpg)
Thus, the critical question becomes: Is Bitcoin a possible solution to the Great Credit Contraction by becoming the safest and most liquid asset?
BITCOIN'S RISK PROFILE
At all times and in all circumstances gold remains money but, of course, there is always exchange rate risk due to price ratios constantly fluctuating. If the metal is held with a third-party in allocated-allocated storage (safest possible) then there is performance risk (Morgan Stanley gold storage lawsuit).
But, if properly held then, there should be no counter-party risk which requires the financial ability of a third-party to perform like with a bank account deposit. And, since gold exists at a single point in space and time therefore it is subject to confiscation or seizure risk.
Bitcoin is a completely new asset type. As such, the storage container is nearly empty with only $150B.
And every Bitcoin transaction effectively melts down every BTC and recasts it; thus ensuring with 100% accuracy the quantity and quality of the bitcoins. If the transaction is not on the blockchain then it did not happen. This is the strictest regulation possible; by math and cryptography!
This new immutable asset, if properly secured, is subject only to exchange rate risk. There does exist the possibility that a software bug may exist that could shut down the network, like what has happened with Ethereum, but the probability is almost nil and getting lower everyday it does not happen.
Thus, Bitcoin arguably has a lower risk profile than even gold and is the only blockchain to achieve security, scalability and liquidity.
To remain decentralized, censorship-resistant and immutable requires scalability so as many users as possible can run full-nodes.
(http://www.runtogold.com/images/ethereum-bitcoin-scability-nov-2017.png)
TRANSACTIONS
Some people, probably mostly those shilling alt-coins, think Bitcoin has a scalability problem that is so serious it requires a crude hard fork to solve.
On the other side of the debate, the Internet protocol and blockchain geniuses assert the scalability issues can, like other Internet Protocols have done, be solved in different layers which are now possible because of Segregated Witness which was activated in August 2017.
Whose code do you want to run: the JV benchwarmers or the championship Chicago Bulls?
As transaction fees rise, certain use cases of the Bitcoin blockchain are priced out of the market. And as the fees fall then they are economical again.
Additionally, as transaction fees rise, certain UTXOs are no longer economically usable thus destroying part of the money supply until fees decline and UTXOs become economical to move.
There are approximately 275,000-350,000 transactions per day with transaction fees currently about $2m/day and the 200 DMA is around $1.08m/day.
(http://www.runtogold.com/images/bitcoin-transaction-fees-nov-2017.png)
What I like about transaction fees is that they somewhat reveal the financial health of the network.
The security of the Bitcoin network results from the miners creating solutions to proof of work problems in the Bitcoin protocol and being rewarded from the (1) coinbase reward which is a form of inflation and (2) transaction fees which is a form of usage fee.
The higher the transaction fees then the greater implied value the Bitcoin network provides because users are willing to pay more for it.
I am highly skeptical of blockchains which have very low transaction fees. By Internet bubble analogy, Pets.com may have millions of page views but I am more interested in EBITDA.
DEVELOPERS
Bitcoin and blockchain programming is not an easy skill to acquire and master. Most developers who have the skill are also financially independent now and can work on whatever they want.
The best of the best work through the Bitcoin Core process. After all, if you are a world class mountain climber then you do not hang out in the MacDonalds play pen but instead climb Mount Everest because that is where the challenge is.
However, there are many talented developers who work in other areas besides the protocol. Wallet maintainers, exchange operators, payment processors, etc. all need competent developers to help build their businesses.
Consequently, there is a huge shortage of competent developers. This is probably the largest single scalability constraint for the ecosystem.
Nevertheless, the Bitcoin ecosystem is healthier than ever before.
(http://www.runtogold.com/images/bitcoin-ecosystem.jpg)(/images/bitcoin-ecosystem-small.jpg)
SETTLEMENT CURRENCY
There are no significant global reserve settlement currency use cases for Bitcoin yet.
Perhaps the closest is Blockstream's Strong Federations via Liquid.
PRICE
There is a tremendous amount of disagreement in the marketplace about the value proposition of Bitcoin. Price discovery for this asset will be intense and likely take many cycles of which this is the fourth.
Since the supply is known the exchange rate of Bitcoins is composed of (1) transactional demand and (2) speculative demand.
Interestingly, the price elasticity of demand for the transactional demand component is irrelevant to the price. This makes for very interesting dynamics!
(http://www.runtogold.com/images/bitcoin-speculation.jpg)
On 4 May 2017, Lightspeed Venture Partners partner Jeremy Liew who was among the early Facebook investors and the first Snapchat investor laid out their case for bitcoin exploding to $500,000 by 2030.
On 2 November 2017, Goldman Sachs CEO Lloyd Blankfein (https://www.bloomberg.com/news/articles/2017-11-02/blankfein-says-don-t-dismiss-bitcoin-while-still-pondering-value)said, "Now we have paper that is just backed by fiat...Maybe in the new world, something gets backed by consensus."
On 12 Sep 2017, JP Morgan CEO called Bitcoin a 'fraud' but conceded that "(http://fortune.com/2017/09/12/jamie-dimon-bitcoin-cryptocurrency-fraud-buy/)Bitcoin could reach $100,000".
Thus, it is no surprise that the Bitcoin chart looks like a ferret on meth when there are such widely varying opinions on its value proposition.
I have been around this space for a long time. In my opinion, those who scoffed at the thought of $1 BTC, $10 BTC (Professor Bitcorn!), $100 BTC, $1,000 BTC are scoffing at $10,000 BTC and will scoff at $100,000 BTC, $1,000,000 BTC and even $10,000,000 BTC.
Interestingly, the people who understand it the best seem to think its financial dominance is destiny.
Meanwhile, those who understand it the least make emotionally charged, intellectually incoherent bearish arguments. A tremendous example of worldwide cognitive dissonance with regards to sound money, technology and the role or power of the State.
Consequently, I like looking at the 200 day moving average to filter out the daily noise and see the long-term trend.
(http://www.runtogold.com/images/bitcoin-price-200dma-nov-2017.png)
Well, that chart of the long-term trend is pretty obvious and hard to dispute. Bitcoin is in a massive secular bull market.
The 200 day moving average is around $4,001 and rising about $30 per day.
So, what do some proforma situations look like where Bitcoin may be undervalued, average valued and overvalued? No, these are not prognostications.
(http://www.runtogold.com/images/bitcoin-price-pro-forma.png)
Maybe Jamie Dimon is not so off his rocker after all with a $100,000 price prediction.
We are in a very unique period of human history where the collective globe is rethinking what money is and Bitcoin is in the ring battling for complete domination. Is or will it be fit for purpose?
As I have said many times before, if Bitcoin is fit for this purpose then this is the largest wealth transfer in the history of the world.
CONCLUSION
Well, this has been a brief analysis of where I think Bitcoin is at the end of November 2017.
The seven network effects are taking root extremely fast and exponentially reinforcing each other. The technological dominance of Bitcoin is unrivaled.
The world is rethinking what money is. Even CEOs of the largest banks and partners of the largest VC funds are honing in on Bitcoin's beacon.
While no one has a crystal ball; when I look in mine I see Bitcoin's future being very bright.
Currently, almost everyone who has bought Bitcoin and hodled is sitting on unrealized gains as measured in fiat currency. That is, after all, what uncharted territory with daily all-time highs do!
But perhaps there is a larger lesson to be learned here.
Riches are getting increasingly slippery because no one has a reliable defined tool to measure them with. Times like these require incredible amounts of humility and intelligence guided by macro instincts.
Perhaps everyone should start keeping books in three numéraires: USD, gold and Bitcoin.
Both gold and Bitcoin have never been worth nothing. But USD is a fiat currency and there are thousands of those in the fiat currency graveyard. How low can the world reserve currency go?
After all, what is the risk-free asset? And, whatever it is, in The Great Credit Contraction you want it!
What do you think? Disagree with some of my arguments or assertions? Please, eviscerate them on Twitter or in the comments!
submitted by bitcoinknowledge to Bitcoin [link] [comments]

Why the "Trustee" sold YOUR BTC/BCH now in quiet and on open Markets..?

Dear Creditors! Finita la Commedia with the trustee's claims to act in the best interests of Mt.Gox creditors. RIP.
We need to URGENTLY act collectively on this revelation in a manner that will make SURE creditors interests are upheld in this bankruptcy process and justice is made. As the matters stand now we are drifting in the wrong direction.

Current State

1. Mt.Gox trustee sells 35,841 Bitcoin and 34,008 Bitcoin Cash for a total of 42,988,044,343 JPY (~405,167,934 USD).
This is because the total amount of claims that have been accepted until now is 45,609,593,503 JPY with YOUR bitcoin price fixed by the trustee in 2014 at 50,058.12 JPY (~471 USD). All this because the trustee wanted to be "in compliance with Japanese Bankruptcy Laws." not taking into account the reality of deflationary crypto assets.
After the current sell-of by the trustee, he has a total of 44,952,982,218 JPY in fiat assets almost enough to pay all the accepted claims of creditors by fixed price of 50,058.12 JPY (~471 USD) per BTC.
2. All Bitcoin Cash and other forks that belongs to creditors has just been unilaterally confiscated by the trustee's decision in favor of Mark Karpeles and other Gox shareholders with the following decision on page 12 par. II.3 of latest meeting report:
"It is my understanding that the cryptocurrencies split from BTC of the bankruptcy estate belong to the bankruptcy estate."
Do you see where this is drifting?
3. Moreover, the trustee in the last creditors meeting report on page 12 paragraph II.2 Says:
"I plan to consult with the court and determine further sale of BTC and BCC." https://www.mtgox.com/img/pdf/20180307_report.pdf
With the trustee now playing a role of amateur shady surprise trader on open markets, we are in a worse situation then we have thought. Just FYI, this "trader" have panic sold 18,000 (50%) of all BTC he sold at near bottom prices at around February 5 crashing the market even further. If this is not a blatant market manipulation then this is utter incompetence. See this: https://twitter.com/matt_odell/status/971432146656202752
So at the current trajectory the trustee is planning to give ~24,750 user victims of Mt.Gox fiasco ~45 billion JPY (~430 Million USD) and Mark Karpeles with other Gox shareholders the remaining 166,344 Bitcoin with 168,177 Bitcoin Cash with the remaining forks!
Is this justice? Does this scenario suit US? NO!
All this bogus conduct is justified by the trustee "to be in compliance" with existing outdated Japanese bankruptcy laws.
Common sense, justice, moral values, honor or any other value besides what's in the outdated "Japanese bankruptcy law" does not play any role here. These people dragging feet for years while letting Mark Karpeles get away with the biggest scam in crypto history. Remember the "it's only technical" explanations while continuing to accept deposits from his own users while he perfectly well knows that his company is INSOLVENT?
Now it got to the point that this masterpiece Mr. Karpeles claims that because the remaining fiat value of btc left is much higher today then the value of all the btc his company possessed in 2014 it is somehow makes Mt.Gox "solvent". Huh? Didn't he loose more than 75% of all crypto assets he held and this state remains to this day? Yes? Then his company is INSOLVENT! Period.
Any other type of bogus calculation to make a thief rich and proud of himself on the misery of tenth's of thousands of users whose trust he has abused is nothing short of preposterous and should be challenged in the supreme court at the very least!

Proposals

So what can be done? I propose the following:
A. Prepare what ever necessary legal proposal to change the bankruptcy law in Japan to take into account the new reality of deflationary monetary assets/currencies.
The Japanese bankruptcy law as it stands today is one sided, outdated and not reflecting on the reality of existence of appreciating (deflationary) assets like crypto, some stocks, real estate in a growing market.
We need a specific change that when the bankruptcy deals with holding appreciating assets then the initial asset exchange rate to JPY ($483) will be used as an "assessment" price only to determine the Pro-Rata % amount of each creditors portion of the assets at the time of bankrupt entity's collapse.
The "actual" exchange rate will be determined by the assets price at the time of liquidation of those assets for JPY or distribution.
In this case the creditors will receive their rightfully owned percent of the assets in the time of distribution/conversion. This is the only just way to avoid a scenario when a bankrupt insolvent entity suddenly claims to become "solvent" during the process of bankruptcy proceedings because of prematurely determining the exchange rate of the assets before hand.
B. Prepare what ever needed application to Japans supreme court to freeze any distribution to Mt.Gox shareholders until the necessary amendments to the bankruptcy law are passed.
C. Stop the Mt.Gox trustee trader from selling more BTC in a surprise and anonymous manner. Until the final ruling by the supreme court about the belonging of the crypto assets held by the trustee either to Mt.Gox creditors or shareholders is decided. The Mt.Gox Trustee has no right to sell or trade with these assets as he sees fit.
D. Prepare a lawsuit against MtGox/sharehoders for unjust enrichment/conversion and get a preemptive lien/garnishment against the distribution that might go to them. (proposed by jespow).
E. We as Mt.Gox creditors are not organized in due manner to effectively enforce our interests. We need one UNIFIED representative body to act on our behalf in this bankruptcy saga.
I propose we set up for all creditors a voting process through which we will be able to elect "Mt.Gox creditors representative counsel". People we absolutely trust to think and act in accordance with the best interests of the creditors. These people can be big creditors (for example, Josh Jones CEO and Founder of Bitcoin Builder), Other people that are not creditors but have proven themselves over the years to be on the side of the creditors like Jesse Powell jespow the CEO and owner of Kraken, he has done a lot over the years to help us. You can read his proposals on here: https://www.reddit.com/mtgoxinsolvency/comments/7dyr74/re_inquiries_about_mtgox_disbursements_and/
Unless we step up our organizational game it's game over. I think the best and easiest for creditors would be communicating by email:
E1. We have a list of all the creditors from the list of acceptance or rejection for all claimants posted by the Mt.Gox trustee.
E2. We need to get from trustee or build an email list of all the creditors to send them periodic communication like monthly news, voting proposals, status updates, password for forum, etc. All this managed by trusted party like Kraken preferably or with oversight by them with unsubscribe option.
E3. We need more than 50% of the creditors to join this list preferably to claim we have the majority of creditors support in courts. Best for this process to be all inclusive not requiring any mandatory financial contributions because of the fact that many investors got themselves into debt and financial hardships by Gox fiasco. If a creditor that was not active until now, can't help financially but can commit his support by voting or pledging some financial support once the successful distribution of BTC is made then this is a big win.
E4. We probably need a new forum. Best would be to allow only the original email addresses of Mt.Gox creditors to set up accounts there to avoid trolls signing up and ruining or influencing our decision making. Also new accounts could be set up for trusted people after review by the moderator and marked as such. Example: Lawyer, People the creditors hire for different jobs, etc.
All of the above together with monthly or weekly updates can create a positive momentum and keep this issue afloat with a lot of new organizational ideas coming in and helping improve our overall chance as creditors to win this battle for the benefit of all of us and the crypto community!
Please keep your comments and info constructive! Suggest names for possible representative council members, ping users, post ideas, let's get this brainstormed.
Pinging for input:
jespow -- Kraken CEO
andypagonthemove --Coordinating Mtgoxlegal.com
P.S. I apologize for the long post. Thank you for your time & contribution!
submitted by -kvb to mtgoxinsolvency [link] [comments]

Beginner’s Guide to Exchanges – Part 1

Beginner’s Guide to Exchanges – Part 1

Hola Compadres! It is me u/poop_dragon here with another guide. Today I would like to run through a list of ETH exchanges. This is just Part 1 of this list, and it covers established exchanges. Soon I will post Part 2 and 3 which will go into some other types of exchanges (derivative markets, coin converters, decentralized, and foreign exchanges) Side note, I have given rating to these exchanges based on some comparisons, news, and information which I have found online. Recently, EVERY exchange has been slow/unresponsive in their customer service due to the huge influx of new users. My intention is to help educate new users about the exchanges available. I am not trying to discredit, advertise, pump up, or damage reputations. If you feel something is inaccurate, please respectfully bring it up in the comments. I will be editing as we go. Last thing of note, I have only included the lowest level trading tier to calculate trading fees, which assumes the highest rates. Most exchanges offer lower fees for bigger orders, but I have gone with the assumption that everyone here is not dropping whale amounts of cash.

00 – Concepts and Definitions

01 –Digital Exchanges

Poloniex

Exchange Type Maker Taker
All Currencies .15% .25%
Feature Details
2FA Google Authenticator Available
Wallet Security ‘Majority’ of Funds in cold storage
Personal Information Encrypted and Stored Off-Site
Tier Level Name Email DOB Phone Address Official ID Bank Info KYC Limits
Level 1 X X $2,000 USD Daily Withdrawal Limit
Level 2 X X X X X X $7,000 USD Daily Withdrawal Limit
Level 3 X X X X X X $25,000 USD Daily Withdrawal Limit
Level 4 X X X X X X X X >$25,000 USD Daily Withdrawal Limit
What is a KYC? It stands for Know Your Customer Documentation. This varies between exchanges. However, like most things, if you have to ask, you probably can’t afford it.

Bittrex

Exchange Type Maker Taker
All Currencies .25% .25%
Feature Details
2FA Google Authenticator Available
Wallet Security Multi-stage wallet Majority’ of Funds in cold storage
Personal Information IP Whitelisting restricts trading from new addresses
Tier Level Name Email DOB Phone Address Official ID Bank Info KYC Limits
Basic X X X 3 BTC or less daily
Enhanced X X X X X X 100 BTC or less daily

02– Fiat Exchanges - USA

Coinbase (GDAX)

Country Credit/Debit Linked Bank Account Wire Transfer
Australia 3.99% - -
Canada 3.99% - -
Europe 3.99% 1.49% SEPA- Free (€0.15)
Singapore 3.99% 1.49% -
UK 3.99% - SEPA Free (€0.15)
US 3.99% 1.49% $10 Deposit / $25 With / ACH Free
Exchange Type Maker Taker
ETH/FIAT 0% .30%
ETH/BTC 0% .30%
Tier Level Name Email DOB Phone Address Official ID Bank Info KYC Limits
Level 1 X X X
Level 2 X X X X X Crypto Only
Level 3 X X X X X X X Fiat Enabled
Level 4 X X X X X X X X Higher Fiat Limits
Feature Details
2FA Google Authenticator, Authy, SMS
Wallet Security 98% Assets in Cold Storage
Personal Information 3rd Party Verified, Secured, Stored Offline
Digital Currency Insurance Fully Insured by Lloyd’s of London
Fiat Insurance Up to $250,000 by FDIC
Bug Bounty Multiple bounties up to $10,000

Kraken

Country Linked Bank Account Wire Transfer
EUR Free SEPA €5-10 (€0.09 Withdrawal)
US Free SWIFT $10 ($60 Withdrawal)
UK Free SWIFT £10 (£60 Withdrawal)
CAN Free SWIFT Free ($10 Withdrawal)
Exchange Type Maker Taker
ETH/FIAT .16% .26%
ETH/BTC .16% .26%
Tier Level Name Email DOB Phone Address Official ID Bank Info KYC Limits
Level 0 X No Trading Allowed
Level 1 X X X X No Fiat, Unlimited Crypto
Level 2 X X X X Fiat $2,000Day/$10,000Mo
Level 3 X X X X X X Fiat $25,000Day/$200,000Mo
Level 4 X X X X X X X X Fiat $100,000Day/$500,000Mo
Feature Details
2FA Google Authenticator, Master Key Available
Wallet Security Majority Assets in Cold Storage
Personal Information PGP Encrypted Emails, Global Settings Lock
Digital Currency Insurance Maintain Full Reserves
Bug Bounty Multiple bounties

Gemini

Country Linked Bank Account Wire Transfer
USD Free Free
Exchange Type Maker Taker
ETH/ALL .10-.25% .25%
Tier Level Name Email DOB Phone Address Official ID Bank Info KYC Limits
Individual X X X X X X X None - Except for ACH
Feature Details
2FA Google Authenticator, Authy Available
Hot Wallet Security Hot Wallet Hosted by Amazon Web Services
Cold Wallet Stored in 2 tiers of cold and 'cryo' multi-sig storage
Personal Information Encrypted in Transit and Stored Offline
Digital Currency Insurance Fidelity bond by 'top-tier insurance company'
Fiat Insurance Up to $250,000 by FDIC

03– Fiat Exchanges - Hong Kong

Bitfinex

Country Credit/Debit Bank Transfer Express Bank Transfer
ALL - .1% ($20 Minimum) 1% ($20 Minimum)
Exchange Type Maker Taker
ETH/ALL .10% .20%
Tier Level Name Email DOB Phone Address Official ID Bank Info KYC Limits
Individual X X X X X X (2) X X No Stated Limits
Feature Details
2FA Google Authenticator, Twilio Available
Account Security New IP Addresses locked for 24 hours, require verification and detection
System Security Hosted and Backed-up on Linux, protection from DDoS
Personal Information Email encryption with OpenPGP
Wallet Security Only .5% of funds are stored in hot wallets
EDIT : Thank you to u/Ginger_Bearded_Man for the suggestion. Bittrex has been added.
submitted by poop_dragon to ethtrader [link] [comments]

In case you missed it: Major Crypto and Blockchain News from the week ending 12/14/2018

Developments in Financial Services

Regulatory Environment

General News


submitted by QuantalyticsResearch to CryptoCurrency [link] [comments]

Cryptocurrencies are mixed as Kraken acquires European exchange for at least $100 million

Crypto Market Recap

Crypto Developments in Financial Services

Crypto Regulatory Environment

General Crypto News

Sources:
http://www.minci.gob.ve/wp-content/uploads/2019/01/Gaceta-Oficial-Decreto-Constituyente-sobre-el-Sistema-Integral-de-Criptoactivos.pdf https://coin360.io/ https://coinmarketcap.com/ https://cointelegraph.com/news/amazon-will-have-to-create-its-own-crypto-in-future-binance-ceo-says https://cointelegraph.com/news/crypto-valley-assoc-pres-switzerland-must-be-open-and-easy-for-blockchain-investors https://cointelegraph.com/news/indian-govt-committee-is-worried-about-cryptos-impact-on-rupees-stability-report https://cointelegraph.com/news/kraken-buys-uk-exchange-crypto-facilities-for-at-least-100-million https://cointelegraph.com/news/twitter-ceo-jack-dorsey-still-believes-bitcoin-will-be-internets-currency https://cointelegraph.com/news/us-securities-regulator-solicits-blockchain-analytics-companies-for-data-review https://cointelegraph.com/news/venezuela-new-crypto-legal-framework-comes-into-force https://cointelegraph.com/news/venezuela-parliament-approves-crypto-bill-to-combat-financial-blockade https://twitter.com/cz\_binance/status/1091696602308259840 https://www.apnews.com/7997739035034979a615ec35d8008866 https://www.coindesk.com/crypto-kraken-acquires-crypto-facilities https://www.coindesk.com/venezuelas-crypto-exchanges-miners-must-register-under-new-rules https://www.fbo.gov/index?s=opportunity&mode=form&id=c18a03f93cf06df47dab8a1c1a7f87a9&tab=core&\_cview=0 https://www.newsbtc.com/2019/02/04/kraken-completes-biggest-crypto-deal-in-2019-massive-100m-acquisition-that-may-boost-european-market/ https://www.swissinfo.ch/eng/daniel-haudenschild-\_crypto-bickering-has-set-switzerland-back--says-cva-president/44731108 https://youtu.be/\_mP9OmOFxc4
submitted by QuantalyticsResearch to CryptoCurrency [link] [comments]

Evolution of Exchanges

Swap.Online delves into the background of centralized and decentralized cryptocurrency exchanges. As decentralization is our name for the game, we would primarily like to find out whether it was inevitable or not.

From Childhood to the Golden Age: DCEs and CEXs

The first centralized cryptocurrency exchanges had two main pre-historical roots of origin. Ideologically, they originated from the e-commerce exchange services of the early 2000s. Digital Currency Exchanges, or DCEs, were particularly popular in the U.S. and Australia. GoldAge Inc., E-Gold Inc., Liberty Reserve were frequently seen in the headlines mostly due to legal issues, as the U.S. SEC, as well as the Australian ASIC failed many times over to figure out whether the e-gold exchange was a form of banking, money laundering, non-licensed remittances or illegal entrepreneurship. These services exchanged fiat money on different digital currencies (1MDC, E-Gold, eCache etc.) and, in a way, fulfilled the demand of New World and EU citizens for anonymous transactions of digital and fiat money.
But, in fact, the first significant cryptocurrency exchange arose from a surprising source… The website of the online game “Magic: The Gathering Online”. This game’s name refers to a magical world, where the currency system is represented in the form of cards. Jed McCaleb, the programmer from San Francisco and future contributor for Ripple and Stellar, developed the Mt.Gox project with the purpose of trading these cards like traditional stocks. In January 2007, he purchased the domain name mtgox.com, but in 2008, he abandoned the project as a premature venture. One year later, he used this domain to advertise his own online game. In the year of 2010, he read about the concept of Bitcoin and decided to launch the Mt.Gox exchange and exchange rate service allowing to trade Bitcoin freely. The project was released on July 18, 2010.
Rapid commercial growth started when the product was sold to the French-Japanese developer Mark Karpeles in January 2011. It was the year 2011 when Mt.Gox demonstrated the main security challenges that traditional centralized exchanges will encounter all along their development path in the future. These included direct thefts from the platform’s wallets, attacks with multiple ‘ask’ orders, malefactor invasions resulting in price drops (one day, in the spring of 2011, 1 BTC was worth less than 0.01 USD) etc. By the way, the dramatic collapse of February 2014, with more than 750K BTC lost and the $65M civil suit in Tokyo court were still to come. During the years 2012–2013, every 3 of 4 Bitcoins in the world was sold via Mt.Gox, and it was a real success story.
The years 2011–2012 gave birth to the bulk of top centralized cryptocurrency exchanges. BTCC was founded in June 2011 as the first exchange for the Chinese market. At the same time, American developer Jesse Powell had spent a month visiting Mt.Gox offices to offer assistance in the aftermath of the first hack. He was unsatisfied with the level of business organization, and that was how Kraken was founded in July 2011. The infamous BTC-e platform for exchanging rubles for BTC was also launched in July 2011. In late 2011, the largest American exchange BitInstant was founded and started selling Bitcoin via WalMart and Walgreen. 2012 became the year of origin for Bitfinex, Coinbase (first Ethereum marketplace) and LocalBitcoins.

Pros and Cons of Centralized Exchanges

We are now six or seven years away of those days. Today, hundreds of centralized exchanges are offering the services of exchanging BTC, ERC-20 and another cryptos. We can even hardly classify them. Usually, specialists speak about three mainstream types of centralized exchanges.
Trading platforms. They connect buyers and sellers to each other, allowing them to publish trading orders and take some transactional fees (most commonly 0,3 per cent from the taker of the liquidity). For example, Cex.io, BitFinex, BitStamp belong to this group. Usually, these platforms are characterized by a complicated interface, which is not suitable for newbies.
Cryptocurrency brokers. If a trading platform is a local market where you buy goods from their producers, the broker is a small player on the market. They sell coins at definite prices while setting high fees, but allow acquiring cryptos in a simpler manner. Moreover, most of them support a broad range of payment tools. Coinbase, Coinmama, Coinhouse are among the most popular brokers.
Peer-to-peer-services. They simply allow their users to publish announcements about operations with cryptos. The buyer and the seller directly negotiate the prices. It is even possible to find one selling crypto for cash in your neighborhood. The most remarkable example here is LocalBitcoins.
As one can see, now the range of services offered is truly broad. By the way, there is a list of common complaints regarding centralized exchanges both from traders and crypto theoreticians.
Safety. Even a single point of centralization can lead to the massive theft of users’ funds and keys. More than a million BTCs have been stolen by the time of writing of this article.
Regulation. If the center (or even one of the centers) of a CEX is physically located in some country, the position of this country’s government on ICOs and crypto related issues becomes crucial for the future of the project. Legal restrictions in this sector are now imposed in the U.S., China, South Korea, India etc. When your exchange is centralized, the officials can arrest your cryptos for no reason. Moreover, the administration of the exchange can be involved in fraud with your private information and money.
Speed. We have conducted some particular research on the speed of popular CEXs (Binance, Huobi, Poloniex, see p. 11). The results are sad: you can wait dozens of minutes waiting for the pending of your transaction.
KYC/AML. There is nothing to talk about in this regard, we suppose. If you must send someone your photo, a scanned copy of your ID or even proof of income wanting nothing in return but to withdraw your own funds, it is not OK.

Decentralization: The Solution

Decentralization, as the initial meaning and internal essence of blockchain, smart-contracts and cryptocurrencies, was first italicized by Satoshi Nakamoto and even Nick Szabo in 1990–2000-s. The rise of CEXs resulted in an obvious contradiction, because blockchain-based currencies are being operated via centralized mechanisms just like Visa or MasterCard, but much slowly. Is it normal? Where is the next stage of evolution or, does it even exist in the first place?
The answer was the main point of arguments in the crypto community during the year of 2017. In February, Vitalik came out with the suggestion about the nature of blockchain’s decentralization: “Blockchains are politically decentralized (no one controls them) and architecturally decentralized (no infrastructural central point of failure), but they are logically centralized (there is one commonly agreed state and the system behaves like a single computer)”.
The only possible expression in the commercial implementation of ‘architectural decentralization’ is the decentralized exchange of cryptocurrencies.
And the most advanced technology in this case is that of the Atomic Swaps — the direct peer-to-peer instant cross-chain transaction.
CEXs were the natural and inevitable stage of development for cryptocurrency exchanges. By the way, the DEXs are coming: we found them (namely IDEX, EtherDelta and Waves DEX) on the list of the top-100 exchanges on Coinmarketcap.
So, the Swap.Online team is on the right track. Get ready for ERC-20 ⇔ BTC, ETH ⇔ BTC, USDT ⇔ BTC, EOS ⇔ BTC trading directly from your browser with neither middlemen nor a centralized infrastructure.
See you on the mainnet on August 27, 2018,
Swap.Online Team
submitted by noxonsu to SwapOnline [link] [comments]

Subreddit Stats: dashpay top posts from 2016-03-30 to 2017-03-29 23:35 PDT

Period: 364.11 days
Submissions Comments
Total 1000 8178
Rate (per day) 2.75 22.40
Unique Redditors 282 978
Combined Score 18856 18752

Top Submitters' Top Submissions

  1. 2923 points, 178 submissions: tungfa
    1. Dash Version 12.1 Release (48 points, 15 comments)
    2. Dash iOS Wallet back on iTunes ! (40 points, 18 comments)
    3. The biggest Russian off-line crypto-exchange has started working with DASH (38 points, 0 comments)
    4. Dash added to cryptocurrency derivative trading platform BitMEX (33 points, 19 comments)
    5. - - Dash 0.12.1.4 - - (Minor Update - No Sentinal Changes - Not mandatory but "encouraged to update”) (32 points, 5 comments)
    6. 100 hrs after Dash 12.1 Launch = 98% - 100% Miner Support ! (32 points, 16 comments)
    7. Jaxx Blockchain Wallet now supports Dash ! (31 points, 3 comments)
    8. Bitfinex now opened margin trading for Dash (30 points, 11 comments)
    9. Dash's Ryan Taylor at TNABC Bitcoin Miami 2017 (30 points, 11 comments)
    10. DASH Business Development Strategy Update - FEB 2017 (29 points, 15 comments)
  2. 2730 points, 119 submissions: Amanda_B_Johnson
    1. Apple. We're Digital Currency Experts Now. (65 points, 25 comments)
    2. DASH’s. Best. Day. Yet. | DASH: Detailed (62 points, 31 comments)
    3. 'We're Doing the Planning That Takes Us to 1 Billion" - Ryan Taylor, Dash Director of Finance (53 points, 40 comments)
    4. Why Aren't We Seeing Greater Adoption of Cryptocurrency? [Bountied reading of Ryan's TNABC presentation] (50 points, 17 comments)
    5. Is There a Maximum Coin Supply in Dash? | DASH: Detailed (40 points, 10 comments)
    6. Amanda to Present Evolution at Anarchapulco's “Cryptopulco” (39 points, 9 comments)
    7. 12.1.4 Coming | WoC in China | The Ol' Hold-Steady -- DASH: Detailed (37 points, 17 comments)
    8. EVERYTHING You Need to Know About Dash in Under 3 Minutes! (37 points, 3 comments)
    9. Something DASHOUS This Way Comes (37 points, 17 comments)
    10. Welcome, newcomers. Here are some resources for ya! (37 points, 10 comments)
  3. 652 points, 30 submissions: Basilpop
    1. Roger Ver is bombarded with lies about Dash's "weak privacy". Let me destroy that allegation... (49 points, 36 comments)
    2. Dash just broke 70 Million US Dollar Marketcap first time in its history! (40 points, 5 comments)
    3. PSA: "SPORK_8_MASTERNODE_PAYMENT_ENFORCEMENT": true (33 points, 5 comments)
    4. A Call For Kraken To Add Dash For Trading | Open Letter to Jesse Powell, CEO at Kraken (28 points, 7 comments)
    5. Dash is now the 4th largest cryptocurrency in the world - Just shot past Litecoin (28 points, 7 comments)
    6. Dash has surpassed Litecoin in transaction volume (27 points, 6 comments)
    7. Why Dash Dislodged Ethereum Classic From Number 6 Place On CoinMarketCap (27 points, 3 comments)
    8. Welcome new users! Let's have an AUA (Ask Us Anything) - We will answer all your questions so fire away! (25 points, 71 comments)
    9. [IMPORTANT] DON'T just download and install the new client. You must follow the instructions! (24 points, 16 comments)
    10. Official Dash Core 12.1 Evolution Upgrade Thread (23 points, 14 comments)
  4. 495 points, 21 submissions: goto1415
    1. I did my first @Dashpay payment yesterday. I moved $100K for ~0.3 cents, and was confirmed in the next block. Bitcoin used to work that well - Roger Ver on Twitter (87 points, 23 comments)
    2. Dash #3 in Marketcap - just getting started... (47 points, 53 comments)
    3. Big Bitcoiners see the advantages of Dash (38 points, 26 comments)
    4. Everything You Ever Wanted to Know About Dash Cryptocurrency w Amanda B Johnson (31 points, 3 comments)
    5. Dash Altcoin Continues Epic Bull Run; Sets Several All-Time Records - Bitcoinist.com (30 points, 0 comments)
    6. To Celebrate $100 Mark, DASH: Detailed Goes Live (29 points, 6 comments)
    7. Monero Vs. Dash, Simple Comparison (27 points, 23 comments)
    8. Bitcoin entrepreneur Charlie Shrem joins the Dash Slack. (24 points, 3 comments)
    9. Dash hits $100. Will it overtake Bitcoin? (19 points, 5 comments)
    10. Op Ed: A Closer Look Into DASH (Part 1) (19 points, 6 comments)
  5. 462 points, 21 submissions: Dashriprok
    1. Why Dash is the Most Sybil Attack-Resistant Cryptocurrency (44 points, 11 comments)
    2. Dash @ $25.23 and just past Monero for the Number 5 spot. (34 points, 10 comments)
    3. Dash to partner with BlockCypher (34 points, 0 comments)
    4. Goldmoney Accepts Dash for Purchasing Gold (31 points, 4 comments)
    5. Dash breaks $24 (27 points, 39 comments)
    6. Dash teams up with BlockPay to enable point of sale purchases in over 36 countries (26 points, 0 comments)
    7. Dash now available to Buy or Sell at "Wall of Coins" (25 points, 4 comments)
    8. Dash partners with Major exchange gains access to FIAT trading (24 points, 2 comments)
    9. Charlie Shrem Sponsors Dash MasterCard (21 points, 3 comments)
    10. Dash at 2017 North American Bitcoin Conference (Edited Version) (21 points, 12 comments)
  6. 450 points, 32 submissions: notmyby
    1. Proposal: Core Team Expansion (23 points, 5 comments)
    2. June 2016 Monthly Budget Report (22 points, 0 comments)
    3. Proposal: Business Development - Major Exchange (22 points, 13 comments)
    4. Dash Is Hiring: Front-end Developers (19 points, 3 comments)
    5. Proposal: Core Team Salaries (April) (19 points, 5 comments)
    6. Proposal: Marketing & Communication (April) (19 points, 0 comments)
    7. Proposal: Dash Offices at ASU's SkySong Innovation Center (17 points, 0 comments)
    8. Proposal: Hardware Wallets For Build And Test (16 points, 0 comments)
    9. Proposal: WebEx Premium Subscription (16 points, 2 comments)
    10. Proposal: Conferences & Travel - The North American Bitcoin Conference (14 points, 0 comments)
  7. 366 points, 25 submissions: dashpaymagazine
    1. John MCAfee meets DashNDrink - Closer shot (25 points, 0 comments)
    2. Shakepay Dash Cards: An Interview With Jean Amiouny (22 points, 4 comments)
    3. Dash with InstantSend, A New Name But The Same Ground Breaking Technology (20 points, 1 comment)
    4. Dash’s DAO At 10 Months: a Progress Report by Amanda B.J (19 points, 0 comments)
    5. Jaxx Provides A Disguise as Dash gets on iOS? (17 points, 2 comments)
    6. The DashCast Ep.02 – Interview with Amanda B. Johnson (17 points, 1 comment)
    7. Bitcoin, Dash and Litecoin Analysis (July 5) | Crypto Technical (16 points, 6 comments)
    8. Dash Scam Alert: Dash-wallet.com (16 points, 4 comments)
    9. Dash Representation At D10e San Francisco 2016 (Presentations, Time, Date, Where To Watch) (15 points, 2 comments)
    10. Dash’s PrivateSend: What makes Digital Cash Fungible (15 points, 1 comment)
  8. 350 points, 13 submissions: TrustThyself
    1. Bitcoin's Bubble vs. Dash's Killer App: Amanda B. Johnson at UNM (41 points, 23 comments)
    2. Will Cryptocurrency Ever Get Its Killer App? Amanda B. Johnson presents at Anarchapulco (41 points, 6 comments)
    3. Network Switch, General Bytes, & Testnet Slots | DASH: Detailed (39 points, 1 comment)
    4. 12.1 Support Party, Apple-Jaxx Update, & International Girls | DASH: Detailed (38 points, 6 comments)
    5. Dash Did Not Move Inverse to Bitcoin's Rocket This Week... Interesting (29 points, 1 comment)
    6. The Dash Network is Worthy of Attack! | DASH: Detailed (28 points, 5 comments)
    7. Dash Open House March 30th at SkySong with Ryan Taylor, Evan Duffield & Amanda B. Johnson. All are invited! (26 points, 4 comments)
    8. It's Q4 2016, So Where Is Bitcoin's Consumer Demand? -- Dash on Nasdaq (26 points, 7 comments)
    9. Dash Open House this Thursday in Scottsdale, AZ! (22 points, 4 comments)
    10. DASH: Detailed Investor Report #4 (20 points, 4 comments)
  9. 344 points, 20 submissions: itscrazybro
    1. Now that Apple has approved Monero, we can throw away the suspicion that we were not approved due to privacy concerns (34 points, 34 comments)
    2. Bitcoin Realises it's Centralised as Dash Votes on its Monthly Direction (27 points, 7 comments)
    3. At this rate, Dash now has a monthly budget of $120,000 USD! (26 points, 3 comments)
    4. Another article on Nasdaq, good work Wachsman PR (23 points, 1 comment)
    5. Cryptocurrencies that pay a dividend (20 points, 0 comments)
    6. Dash Releases Software Upgrade in Sweeping Redesign (20 points, 0 comments)
    7. Completing our transition to becoming a digital currency company (not just a Bitcoin company) (18 points, 5 comments)
    8. Just sold the remainder of my Bitcoin (18 points, 15 comments)
    9. I knew Evolution was a game changer but now I have experienced why it is! (17 points, 5 comments)
    10. Spend Dash – Dash's very own business directory is now online (17 points, 5 comments)
  10. 334 points, 20 submissions: TaoOfSatoshi
    1. Vitalik Buterin discusses Dash governance in The Huffington Post (31 points, 9 comments)
    2. Announcing the "Dash: The Cash Alternative" campaign! (29 points, 18 comments)
    3. Dash Nation Call To Action: RT for Dash Jaxx! (27 points, 4 comments)
    4. Reality Check: Tao Responds To Tone Vays And FluffyPony (27 points, 45 comments)
    5. CATV | Dash: More Than A Currency, It's The Beginning Of A Global Movement (22 points, 14 comments)
    6. Dash on the App Store? Currency to be integrated into Jaxx Wallet next week! (18 points, 0 comments)
    7. Dash Nation Slack reaches 700 members! (16 points, 3 comments)
    8. That's right, Roger! Dash's features are Ver-y Cool! (16 points, 7 comments)
    9. At last! At last, Dash appears on the App Store through Jaxx Wallet integration (15 points, 0 comments)
    10. Dash Update - Evan Duffield speaks about LaBitConf (14 points, 0 comments)
  11. 284 points, 13 submissions: NibiruHybrid
    1. Congrats to Amanda & Pete For Reaching 10K YouTube Subs!!!! (47 points, 4 comments)
    2. Amanda B. Johnson DASH Interview The Crypto Show Anarchapulco 2017 (26 points, 4 comments)
    3. Roger Ver list of BTC competitors he diversified into for better privacy & cheaper transaction costs DASH (25 points, 12 comments)
    4. The DASH community has sponsored MMA Fighter Davis Dos Santos for his fight at TKO MMA 38 (24 points, 13 comments)
    5. Dash, BlockPay produce POS option (23 points, 1 comment)
    6. Dash: The new Cryptocurrency player with more Features than Bitcoin - Amanda Johnson (22 points, 6 comments)
    7. Dash Partners with BlockPay to Enable Point of Sale Purchases at Brick and Mortar Stores (21 points, 0 comments)
    8. Dash Is Now the Fourth Biggest Cryptocurrency with $200m Market Cap | Finance Magnates (18 points, 6 comments)
    9. Live Chat Dash Guest Interview By Crypt0 With Amanda B. Johnson (18 points, 14 comments)
    10. Dash Market Report: DASH/BTC Sets All Time High of $74.34 (17 points, 2 comments)
  12. 277 points, 15 submissions: solowhizkid
    1. DASH Cryptocurrency Explodes To New Highs (34 points, 7 comments)
    2. Dash Is Now the Third Biggest Cryptocurrency by Market Cap - Israel News (34 points, 1 comment)
    3. Dash Partners with BlockPay, Enables PoS Payments at Physical Stores (31 points, 1 comment)
    4. Transaction to 12.1 complete, with first 12.1 superblock issued #dash_force (20 points, 2 comments)
    5. Keepkey-integrates-dash (19 points, 4 comments)
    6. Dash, the most Sybil attack resistant crypto (17 points, 2 comments)
    7. Is DASH The Future Of Cryptocurrency? (16 points, 4 comments)
    8. My Best Investment in 2017? A Dash (Digital Cash) Masternode Earned Trading Bitcoin on Poloniex? (15 points, 0 comments)
    9. Alex-ru educating and presenting Dash - Digital money for global use. (In Russian) (14 points, 0 comments)
    10. Dash to beat bitcoin (14 points, 1 comment)
  13. 210 points, 5 submissions: adiiorio
    1. Dash has joined the Jaxx family (Official Announcement) (65 points, 35 comments)
    2. Anthony Di Iorio on Twitter - "Apple just called. They want Dash removed from Jaxx. Only some coins are authorized for App Store. We're determining course of action." (45 points, 50 comments)
    3. Jaxx invites Dash to the party, previews multi-stage integration (42 points, 17 comments)
    4. Jaxx - Dash integration coming soon! (Official Announcement) (37 points, 10 comments)
    5. Dash comes to iPhone with Jaxx wallet - International Business Times (21 points, 1 comment)
  14. 191 points, 14 submissions: cryptobubble
    1. DASH/CNY pair added to BTC38.com! (18 points, 1 comment)
    2. Dash, the anonymous evolution of Bitcoin, Interview with Evan (17 points, 0 comments)
    3. Jaxx Wallet Set to Integrate DASH This Week (15 points, 0 comments)
    4. The Spells of Genesis trading card dedicated to Dash will be released today! (15 points, 3 comments)
    5. Richtopia's List of Top 100 Blockchain Organisations by Influence, Dash #47! (14 points, 0 comments)
    6. SpectroCoin adding Dash to exchange and e-wallet (14 points, 1 comment)
    7. D10e Conference Featuring John McAfee Fast Approaching (13 points, 0 comments)
    8. Node40 HowTo Guide: Edit your local Dash masternode.conf file (13 points, 0 comments)
    9. Node40 streamlines blockchain network incentivization (13 points, 0 comments)
    10. ‘DashnDrink’: Dash-Powered Vending Machine Returning for d10e (13 points, 1 comment)
  15. 188 points, 10 submissions: eric_sammons
    1. Review of the Dash Budget System, the First Blockchain-based Decentralized Governance System (26 points, 11 comments)
    2. Apple vs. Dash: The Importance of Privacy (25 points, 10 comments)
    3. The Dash Masternode Network: A Response to Critics (23 points, 6 comments)
    4. An Honest Assessment of Dash, Today’s Hottest Cryptocurrency (22 points, 10 comments)
    5. Fulfilling Satoshi’s Vision (21 points, 3 comments)
    6. Bitcoin is Sick. Will It Heal, Be Amputated, or Die? (Dash mentioned) (17 points, 2 comments)
    7. Historical Data added to DashVoteTracker.com (16 points, 2 comments)
    8. Dash: A Digital Cash System - Bitcoinist.net (15 points, 6 comments)
    9. Out of the Cryptocurrency Sandbox (14 points, 2 comments)
    10. Shifting to Cryptocurrency (9 points, 1 comment)
  16. 168 points, 10 submissions: ashmoran
    1. An under-recognised advantage of Dash over Bitcoin: it pays its own developers (24 points, 3 comments)
    2. Why running a Dash masternode is different from Bitcoin mining (22 points, 10 comments)
    3. Success to the Successful (or: why the moon is not far enough) (19 points, 24 comments)
    4. Dash as investment opportunity for Chinese savers (18 points, 14 comments)
    5. What open source Bitcoin project would you like to see ported/upgraded for Dash? (18 points, 16 comments)
    6. SegWit politics in Litecoin demonstrates why Dash's masternode voting is superior to miner voting for deciding protocol changes (16 points, 9 comments)
    7. Marketing the Dash treasury to Bitcoin project developers (15 points, 21 comments)
    8. The injustice of market cap rankings: The DAO features above Dash despite the fact The DAO does not work. Discuss :-) (14 points, 8 comments)
    9. FlokiNET: Privacy-conscious VPS provider based in Iceland who accept Dash (12 points, 4 comments)
    10. Is Dash susceptible to the "bad faith taker spy" attack to any degree? (10 points, 7 comments)
  17. 162 points, 7 submissions: bmed4u
    1. Jaxx: "Apple has accepted Dash into their App Store as an "approved" cryptocurrency" (65 points, 20 comments)
    2. Dash is far from dying (25 points, 25 comments)
    3. Dash's network has never been so secure! New ATH (1.29TH/s) (19 points, 8 comments)
    4. Welcome to our new masternode owners! New ATH= 4235 (16 points, 1 comment)
    5. Alphabay and mass adoption reputation (13 points, 7 comments)
    6. Bitcoin: They are starting to get why it is so important to incentivize nodes! (13 points, 2 comments)
    7. Dash network is able to take care of Bitcoin's transactions (11 points, 5 comments)
  18. 145 points, 6 submissions: cryptoninjas
    1. Dash now added to crypto exchange Bitfinex (49 points, 45 comments)
    2. Dash now out of beta goes LIVE on crypto hardware wallet KeepKey (28 points, 2 comments)
    3. Euro based crypto broker BitPanda integrates Dash (25 points, 8 comments)
    4. Russian largest bitcoin exchange MaRSe adds Dash (23 points, 9 comments)
    5. Bitcoin powered trading platform Whaleclub adds DASH/BTC with 3x leverage (10 points, 0 comments)
    6. GENERAL BYTES new BATMTwo Bitcoin ATMs now shipping, supports DASH (10 points, 0 comments)
  19. 142 points, 3 submissions: dashingtomars
    1. DASH Market Cap Surpasses LTC (73 points, 27 comments)
    2. DASH Breaks $30 (56 points, 51 comments)
    3. EU Parliament states Virtual Currencies cannot be anonymous (13 points, 17 comments)
  20. 138 points, 5 submissions: evand82
    1. 12.1 Announcement / Finalized Date / Project Update (47 points, 19 comments)
    2. Update on 12.1 (32 points, 6 comments)
    3. April 2016 Budget Proposal (21 points, 4 comments)
    4. Please upgrade your testnet masternodes! - 12.1 (21 points, 0 comments)
    5. Enforcement is enabled (17 points, 1 comment)
  21. 120 points, 6 submissions: alex9xxl
    1. Here's Johnny! (34 points, 15 comments)
    2. New ATH DASH/BTC! Give up Bitcoin! (32 points, 30 comments)
    3. Dash to $100 (0.08 BTC) till the end of the day? (19 points, 34 comments)
    4. Bitfinex Adds Market Trading For Dash (Again) (14 points, 9 comments)
    5. Poloniex security notice (12 points, 1 comment)
    6. Buying Dash for investment purposes (9 points, 19 comments)
  22. 116 points, 7 submissions: fearofhellz
    1. The Jaxx Wallet Now Includes Support for Dash (32 points, 2 comments)
    2. Mycelium Wallet Will Support Buying And Selling Dash (22 points, 3 comments)
    3. TigoCTM Adds Dash Support To its Cryptocurrency ATM Network (16 points, 1 comment)
    4. DASH Continues Upward Trend Across Bitcoin and Monero Markets (13 points, 0 comments)
    5. Dash Developers Focus On Fiat Gateways And Partnerships – The Merkle (12 points, 3 comments)
    6. Jaxx Developers Hint At Upcoming DASH Integration (11 points, 3 comments)
    7. DASH Price Remains Resilient Despite Lackluster Trading Volume – The Merkle (10 points, 1 comment)
  23. 116 points, 3 submissions: Hillscent
    1. Dash moves up to number 6! (52 points, 18 comments)
    2. From 100% Bitcoin to 75% Bitcoin 25% Dash (34 points, 17 comments)
    3. New All Time High Market Cap for Dash (30 points, 17 comments)
  24. 114 points, 8 submissions: SilentLennie
    1. Chris Dunn: Currency Competition & The Future Of Money (with Amanda B. Johnson) (25 points, 12 comments)
    2. Dash Youtube channel: Dash is Financial Privacy (17 points, 0 comments)
    3. The Cryptoverse: How Tax Law Applies to DASH and Masternode Operators In USA (The Cryptoverse #237) (13 points, 1 comment)
    4. 24h high is over US $100 on WorldCoinIndex (12 points, 2 comments)
    5. Dash gained the most of the top currencies the past 7 days, let's hope it continues that way (12 points, 3 comments)
    6. Genesis Mining has run out of X11 (DASH mining) (12 points, 3 comments)
    7. Why Amanda B. Johnson loves Dash (12 points, 48 comments)
    8. Dash is the solution to Bitcoin problem of privacy and speed. (11 points, 0 comments)
  25. 114 points, 5 submissions: coinwatch
    1. Dash price broke $16 (34 points, 3 comments)
    2. Oh my $51!! (27 points, 21 comments)
    3. Dash reaches all time high of $29 (26 points, 12 comments)
    4. Dash price hits $15 (15 points, 0 comments)
    5. Dash sets all time high of $39 (12 points, 4 comments)

Top Commenters

  1. Basilpop (1541 points, 524 comments)
  2. Amanda_B_Johnson (1285 points, 577 comments)
  3. ashmoran (480 points, 194 comments)
  4. Bitcoin_Chief (368 points, 142 comments)
  5. tungfa (367 points, 204 comments)
  6. wackyD1982 (313 points, 147 comments)
  7. SilentLennie (281 points, 134 comments)
  8. thedesertlynx (281 points, 102 comments)
  9. IronVape (258 points, 84 comments)
  10. MasterMined710 (251 points, 164 comments)
  11. TaoOfSatoshi (250 points, 108 comments)
  12. thesleepthief (229 points, 86 comments)
  13. __technoir__ (222 points, 56 comments)
  14. Pink-Fish (211 points, 109 comments)
  15. TheDashGuy (189 points, 81 comments)
  16. taushet (185 points, 72 comments)
  17. davebazzel (185 points, 64 comments)
  18. newhampshire22 (175 points, 57 comments)
  19. stealth923 (163 points, 39 comments)
  20. Dashriprok (156 points, 61 comments)
  21. dashtipbot (151 points, 141 comments)
  22. NibiruHybrid (150 points, 50 comments)
  23. MrNotSoRight (148 points, 72 comments)
  24. adiiorio (138 points, 32 comments)
  25. Technologov (132 points, 51 comments)

Top Submissions

  1. Why dash REALLY exploded in price by ChooseAgodAndPray (94 points, 85 comments)
  2. I did my first @Dashpay payment yesterday. I moved $100K for ~0.3 cents, and was confirmed in the next block. Bitcoin used to work that well - Roger Ver on Twitter by goto1415 (87 points, 23 comments)
  3. DASH Market Cap Surpasses LTC by dashingtomars (73 points, 27 comments)
  4. Dash has joined the Jaxx family (Official Announcement) by adiiorio (65 points, 35 comments)
  5. Apple. We're Digital Currency Experts Now. by Amanda_B_Johnson (65 points, 25 comments)
  6. Jaxx: "Apple has accepted Dash into their App Store as an "approved" cryptocurrency" by bmed4u (65 points, 20 comments)
  7. DASH’s. Best. Day. Yet. | DASH: Detailed by Amanda_B_Johnson (62 points, 31 comments)
  8. (Pre-Proposal) DASHPayCard - DASH Branded Debit Card + Fiat/Dash Integration by Bitcoin_Charlie (61 points, 36 comments)
  9. DASH Breaks $30 by dashingtomars (56 points, 51 comments)
  10. Dash hits $100 by SatoshiRoshi (54 points, 55 comments)

Top Comments

  1. 30 points: deleted's comment in Welcome new users! Let's have an AUA (Ask Us Anything) - We will answer all your questions so fire away!
  2. 24 points: Bitcoin_Chief's comment in Tone Vays predicts that someone is going to hack and take all of the dash out of the masternodes(1:18:30).
  3. 24 points: EncryptionPrincess's comment in 'Ask ABJ!' -- Amanda Answers 18 Questions From Viewers
  4. 24 points: Jaxx_adiiorio's comment in Jaxx on Twitter: "This weekend we're giving away 200 DASH ($2400US), to participate have Jaxx installed (all but iOS) & @Dashpay wallet active. More into to come."
  5. 22 points: COHthebestRTS's comment in 18 Dollar Hype!
  6. 22 points: __technoir__'s comment in 'We're Doing the Planning That Takes Us to 1 Billion" - Ryan Taylor, Dash Director of Finance
  7. 22 points: stealth923's comment in Tone Vays predicts that someone is going to hack and take all of the dash out of the masternodes(1:18:30).
  8. 21 points: Stereoscopic_Salute's comment in Where are you coming from newcomers?
  9. 20 points: Basilpop's comment in Yea baby, congrats for the $100M market cap!
  10. 20 points: wsmithston's comment in With current price Dash's budget allows us to hire 70 developers/testers with 120k$/year salary. No other cryptocurrency can achieve this level of independence from third parties (like Blockstream in BTC).
Generated with BBoe's Subreddit Stats (Donate)
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Jesse Powell is Building a Culture of Crypto Values at Kraken Chatting with a Bitcoin Genius 🔴 Jesse Powell, CEO of ... Jesse Powell On TDAmeritrade Network Kraken’s Jesse Powell Says Bitcoin (BTC) Will Exceed $100K This Cycle  Huge Influx of New Traders Jesse Powell Talks About Kraken - Money2020

Jesse Powell is an expert in virtual currencies, online/international payments and fraud, as well as co-founder and CEO of Kraken, one of the most trusted and largest Bitcoin exchanges in the world with number one EUR market share. Jesse Powell, chief executive officer of Kraken Bitcoin Exchange, sits for a photograph at the...[+] company's office in San Francisco, California, U.S., on Friday, Aug. 8, 2014. (David Paul ... Jesse Powell, the CEO of Kraken, believes the recent Bitcoin price rally is because of an influx of USD drawing demand for USDT. There is no manipualtion. This allegedly tied bitcoin to USD, as tether is a supposed stable currency, and allowed the currency to spike further. It was a case of manipulation 101. ... Tags: bitcoin, Jesse Powell, kraken ... I’d like to welcome you to this conversation between Clay Collins and Jesse Powell, co-founder and CEO of Kraken, a top 10 crypto exchange with an A transparency rating on Nomics and one of the first legitimate crypto enterprises. Jesse started Kraken in response to the 2011 [00:01:00] Mt. Gox hack.

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Jesse Powell is Building a Culture of Crypto Values at Kraken

Bitcoin USD Price and Chart for Today 12-06-2020 ... Jesse Powell: How Kraken Accelerates Cryptocurrency Adoption Bitcoin 2020 ALL AP INFO TECH 53,472 watching. Trading a "pair" means that you can trade Bitcoins (Symbol: XBT) for Dollars (Symbol: USD) and so on. On Kraken you can currently trade 13 pairs: XBT/USD (Bitcoins against Dollars) Watch Kraken CEO, Jesse Powell, on TDAmeritrade Network discussing Kraken’s latest funding round, the most recent Bitcoin bull market and the future of crypto. Visit https://www.kraken.com to ... As for the Bitcoin price, Powell told a recent roundtable hosted by Pantera that he believes the top crypto is currently at a “massive discount” and on a path toward at least $100,000 over the ... In this episode, I talk with Jesse Powell, CEO of Kraken. We discuss the challenges of building and exchange, from building a culture with a distributed team to managing security.

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