Coinapult Doing Forensics on 150 BTC Theft, Says Rest of ...

Send BTC by SMS - a new, global service from Coinapult that operates through plain old txt msg, no need for a data plan. Bitcoin can boldly go where it hasn't gone before.

Send BTC by SMS - a new, global service from Coinapult that operates through plain old txt msg, no need for a data plan. Bitcoin can boldly go where it hasn't gone before. submitted by Coinapult_btc to Bitcoin [link] [comments]

Bitcoin News in Review: Price Jumps, Bitcoin Black Friday, Coinapult, and More

Bitcoin News in Review: Price Jumps, Bitcoin Black Friday, Coinapult, and More submitted by VivaLaPandaReddit to Bitcoin [link] [comments]

Somewhat new to using btc, Is there a way to send money from coinapult to my paypal? /r/Bitcoin

Somewhat new to using btc, Is there a way to send money from coinapult to my paypal? /Bitcoin submitted by SimilarAdvantage to BitcoinAll [link] [comments]

Bitfinex Must Answer NY AG Allegations It Hid Over $800M In Lost Funds

Cryptocurrency exchange Bitfinex must answer allegations by the state of New York that the Hong Kong-based company hid more than $800 million in losses of client and corporate funds, the New York Court of Appeals ruled Thursday (July 9), according to Bloomberg.
Companies connected to Bitfinex have been accused by New York Attorney General Letitia James of the loss of commingled client and corporate funds, Bloomberg reported. The companies have insisted the cash was deposited with Crypto Capital Corp.
Investigators at the U.S. Department of Justice alleged Crypto Capital provided shadow banking services to several cryptocurrency exchanges, including Bitfinex, Binance, Cex.io, Coinapult and QuadrigaCX. The Panamanian company was indicted for conspiracy to commit bank fraud and conspiracy to operate an unlicensed money transfer service, Cointelegraph reported.
Crypto Capital President Ivan Manuel Molina Lee was arrested last year by Polish authorities on suspicion of laundering $350 million worth of funds from illegal proceeds and having ties to a global drug cartel, Cointelegraph reported. The company later collapsed.
In April of 2019, cryptocurrencies saw a double-digit percentage drop in bitcoin. On April 26, the price of bitcoin fell to $5,092, down from levels earlier that week that topped $5,580. The slide came as James accused Bitfinex of covering up missing funds through illegal transactions to the tune of $850 million.
Companies tied to Bitfinex also operate the stablecoin Tether, a conduit for trading in much of the cryptocurrency market globally, Bloomberg reported. The appeals court rejected the argument that Tether, with a market capitalization of more than $9 billion, is not a security or commodity and said the court has jurisdiction over its issuer.
The justices also rejected the companies’ argument that since they are not based in New York or serve local traders, they shouldn’t be answerable to or have to produce certain documents for New York authorities, Bloomberg reported. The court said New York traders had used Tether, and some of the companies’ staff worked in New York.
Originally posted
ByPYMNTS Posted on July 9, 2020
submitted by kjonesatjaagnet to JAAGNet [link] [comments]

AMA w/ Erik Voorhees (ShapeShift CEO) - Ask Me Anything

Hello Ethereum community! My name is Erik Voorhees. I've been in crypto since 2011, having worked as Head of Marketing at BitInstant, Founder and CEO of SatoshiDICE, CEO of Coinapult, and for the past three years, I've been CEO of ShapeShift, which is the world's fastest and easiest digital asset exchange (with no user accounts!).
When I started ShapeShift, Ethereum was a tiny project, not even released yet. Many people thought I was crazy for building an exchange to help people trade between "alts," because Bitcoin was 99% of the market. But I saw that blockchain tokens would become an entirely new asset class, and that people would be innovating in all directions upon this new technology.
ShapeShift started very small; I still remember getting excited in the fall of 2014 that we had $3,000 in volume in one day. But Ethereum's launch and rise has really demonstrated to the world the value of multiple blockchain assets, and specifically, tokens representing all manner of value. Today, ShapeShift processes over 15,000 customer orders per day, averaging around $10-15 million in value.
As an early Bitcoiner, I believe strongly that many digital assets will become widespread in the market, and Ethereum has proven this to be the case thus far. Our recent product, Prism, is built entirely on Ethereum smart contracts, and hopefully helps prove this technology in front of a continually skeptical world.
Ask me anything!
EDIT: AMA is over, thank you everyone for the great questions. Sales pitch: get on the list to try out Prism at https://Prism.Exchange Also, THANK YOU ALL for building Ethereum. Take your role in this story seriously.
submitted by evoorhees to ethereum [link] [comments]

NanoSMS - A SMS interface to a Nano Wallet to open access to anyone with a 2G Mobile/Cell Phone

Summary:
A SMS interface for a server based Nano wallet to provide access for 2G devices to the Nano network. The aim is to develop a community driven project with careful research, development and marketing with the aim to introduce Nano to a new demographic - the unbanked. Post is for discussion as well as request for volunteers to help out.
Introduction:
Cryptocurrencies currently focus on the rich, tech savvy western world, where the ‘crypto’ economies are controlled by individuals and large corporate organisations, ironically going against the original premise laid out by Satoshi Nakamoto (https://bitcoin.org/bitcoin.pdf). One demographic that currently are missing out (on both traditional and crypto finance) are the unbanked - individuals who don’t have access to any banking services and instead use cash or other forms of physical exchange. 38% of adults worldwide don’t have a method of managing their money (either a bank or using a mobile device) and looking at percentage banked at the top with 100% banked are Norway, Finland and Denmark while at the bottom is Turkmenistan 1.8%, Niger 3.5% and Madagascar 5.7% (Raconteur - Banking the Unbanked 2017). While cryptocurrencies seem like a perfect fit for these individuals there are still barriers to adoption, current cryptocurrencies require an internet connection and a powerful device such as a smart phone, laptop or desktop. There are currently 2 billion 2G phone subscriptions worldwide (Statista 2018) and yet they have minimal access to using cryptocurrencies in any form (see Appendix 1). SMS (Short Message Service) is a key component of 2G and in many developing nations this has already been used for a centralised financial system.
A small number of cryptocurrencies have begun to explore providing a decentralised financial system for the unbanked. Nano, a near instant and feeless cryptocurrency based on a novel block lattice concept, (https://nano.org) and its passionate community have already made it their aim to support the unbanked with particular focus on South America. The currency itself is well know by its original name RaiBlocks particularly due to its faucet based distribution system that was able to provide an income to many people.
Concept
NanoSMS combines SMS and the Nano network by providing a SMS interface to a server backed Nano wallet. Users ‘text’ the wallet with commands, these are parsed, passed to the server which then manages the wallet and sends SMS replies. Users are identified by their telephone number as a unique number, these are directly linked to private keys held on the server. By identifying by telephone number its also possible to use telephone numbers as a transaction address therefore hiding the complex nano address system (however it also supports xrb_ and nano_ addresses).
The current prototype works using a cloud based SMS gateway system (https://www.twilio.com) unfortunately these services aren’t available in the countries that might be targeted, this will need to be overcome either through partnership with these organisations to expand or through the development of our own SMS gateways. If a user has access to a smart phone then they should use a mobile wallet rather than NanoSMS as they retain their private keys.
To provide ‘micro-liquidity’ to the system a internal faucet system could be used where users could claim a small amount of nano in return for an SMS advertisement. This would also provide a driving force behind adoption.
Concept for NanoSMS, GSM/ESP32 may not be required if using a web service such as Twilio
Challenges
Some attack vectors and suggested methods to manage them
Components
For NanoSMS to be successful it will be necessary to develop multiple aspects of the project including software, hardware, research and marketing.
How Can You Help?
Appendix 1
Other SMS Cryptocurrency Wallets
submitted by jayycox to nanocurrency [link] [comments]

Mycelium Wallet for Android v2.5 and some news

Mycelium Wallet for Android v2.5 is finally out after a long long time in beta. Some major new features in this one!
Ledger and Coinapult are our most exciting features this time. We hope that now that users are able to lock their account value to the value of USD, those who were worried about using Bitcoin due to high volatility (such as merchants in areas without access to BitPay type services) will now be willing to give Bitcoin a try. Who knows, maybe it'll finaly give some competition to MPesa. And Ledger adds a much more affordable option for those who wish to use a more secure dedicated hardware device for storing their Bitcoin savings. Also, don't forget, our European users can already send to SEPA accounts directly from within the walle, too, using Cashila. That feature isn't really obvious, since it only shows up if you register for a Cashila account, but let's you pay your bills or transfer money to friends and family right from your wallet.
We also have some news (in case it was missed earlier). Mycelium managed to raise some funding, and is in the process of hiring developers:
https://coinality.com/jobs/front-end-developer-android/ https://coinality.com/jobs/front-end-developer-ios/
We recently hired a new backend developer, and senior developers for iOS and Android. I have moved from a Community Manager to a Product Manager for the wallet (I'll still be doing community managing though). And we also have some BIG changes planned for our wallet. Much of the wallet will be redesigned from scratch, and the main changes you will see are:
These changes won't come quickly, unfortunately, and we will keep updating our old wallet in the mean time, but we'll keep you updated on our progress.
Direct download to our app here https://mycelium.com/bitcoinwallet
submitted by Rassah to Bitcoin [link] [comments]

Changetip abandons bitcoin starts tipping in dollars, survey shows that 78% of people would not use it because it uses bitcoin.

https://www.reddit.com/changetip/comments/3laybl/changetip_now_supports_usd_some_thoughts_about/
As you may have heard by now, ChangeTip rolled out support for tipping with US Dollars. That’s right, you have a USD Pocket now to tip with. More information on how that works here.
We're very excited to be adding this additional payment channel for our users. It will allow more people to use ChangeTip, and to help spread the adoption of Bitcoin by infiltrating the USD market and building bridges (more on that below).
While this news will be welcomed by the vast majority of our users, we understand that some people may have questions about why we did this. I wanted to take this opportunity to transparently talk about our reasoning, as well as give a glimpse into the ChangeTip’s future plans when it comes to decentralization. Why did ChangeTip add support for USD?
While the whole ChangeTip team wants to shout from the rooftops that Bitcoin is the best payment channel for micropayments, we also listen to our customers.
On that front, our customers told us that they want US Dollars. We had some hunches on this, and then did some customer interviews, and also did a nationwide survey. In this survey, 76% of people would not use ChangeTip because it was bitcoin. Ouch!
Digging into The Why uncovered a pretty big consumer perception problem with Bitcoin. There were three fairly equally weighted reasons:
It's not “real money”.
This is a short term issue that can be handled with more education. As a community, we have a lot of work to do. It's too volatile.
I personally think this has become a lazy way to dismiss bitcoin, and further, it doesn't really apply to micropayments as much, but it’s still what people are thinking.
I don't trust Bitcoin
This is the real challenge. The association with drugs, extortion, etc really hurts adoption. With 3 out of 4 people being unwilling to use ChangeTip because it is using Bitcoin, it was clear that we needed to add USD. The US dollar is probably going to be around for at least a few more years, so we figured we needed to play nice and interoperate. ;)
When these USD users are using ChangeTip, they will be constantly introduced to the benefits of Bitcoin. Want to send a tip to someone who doesn't have a USD bank account? No problem, we will convert that to Bitcoin for you and get your tip to them. Don't like the high banking fees? Use Bitcoin! Don't like waiting 2 days to get your money? Use Bitcoin! We will be sprinkling BTC advertisements all throughout our product.
What plans does ChangeTip have for Decentralization in the future? We've been through some serious challenges to get USD to work. The regulatory and banking system challenges have been...an exercise in patience. We're now very motivated to figure out a way to enable these transfers that don't require the use of the existing banking infrastructure (and all the headaches that come with that). On that front, we've recently renewed our commitment to building a decentralized ChangeTip, where the user controls the funds, and both Bitcoin and USD are supported. There are some huge challenges to doing this. Hats off to Abra, as well as Mycelium / Coinapult, for the paving the way recently. Beyond the challenges that Abra and Mycelium have recently solved, ChangeTip's situation is more challenging for two big reasons.
Micropayments. We are moving small amounts of money, it's not feasible to have a 1/10th of a penny tip or micropayment to a publisher be an on-chain transaction. Payment channels look promising here, with ChangeTip acting as an Oracle, as described here Offline mode. With solutions like Abra and Mycelium, the user always initiates the transaction from the device. Since tipping can be triggered from anywhere (Reddit, YouTube, Twitter, etc.), we need a way to trigger the transaction even when the browsemobile app is not active.
These and other fun challenges await us, but we’re excited for the challenge. We've pulled some heavy hitters together to begin thinking this through (including Richard Kiss, the author of Pycoin, and other soon-to-be-announced high profile Bitcoin experts). Beginning next week we will be actively exploring all possible solutions. The sooner the better! If you have ideas, we'd love to hear them. If you want to help, get in touch. We're infiltrating USD, building bridges back to Bitcoin, and grabbing users that would have previously been unapproachable. As a result, we think this will expose more people to Bitcoin by providing a simple, low-risk atmosphere to start learning about cryptocurrency. What we’ve seen in our community expansion efforts so far is that people “get” bitcoin when they start using it. In order to get more people understanding and loving bitcoin, they have to use it. We feel this is the easiest way to draw people in, and show them in real time the benefits of bitcoin vs. FIAT.
We welcome suggestions, questions, and other feedback. I'll personally be online for 1 hour to answer questions (sorry, I have a conference today!), but several members of the ChangeTip team will be dropping by throughout the day to answer questions.
submitted by henweight to Buttcoin [link] [comments]

The Creeps of Creeptocurrency - a public information guide (updated)

The Faces of Bitcoin - An Information Guide for the Public
Reddit CEO Yishan Wong once said:
‘"Without being too inflammatory, the user base for bitcoin is basically crazy libertarians who are increasingly poorly informed about currency systems and macroeconomics.’
So let’s list the buttiness of the public faces of Bitcoin for all the people new to crypto. The public should know who and what they are dealing with. Please expand the list and distribute widely
Part One
Satoshi Nakamoto - the economically illiterate founder of Bitcoin. Having cobbled together various older ideas (he did NOT invent blockchain) he acted like he had created something new and foolishly released it to the public in a beta state that could not be easily retracted or upgraded. He was so embarrassed by his creation that he didn’t want to reveal his identity.
The price of decentralisation is nobody gives a shit about your leadership and you can’t be a real project manager. Whenever he was losing control of Bitcoin he would freak out and ask developers to stop trying to innovate or tamper with his project. Eventually he was so frustrated by decentralisation that he abandoned his project.
Erik Voorhees - is co-founder of the bitcoin company Coinapult, worked as Director of Marketing at BitInstant, and was founder and partial owner of the bitcoin gambling website Satoshi Dice. He was fined by the U.S. Securities and Exchange Commission for an unregistered stock offering related to SatoshiDice.
Charlie Shrem - co-founded the now-defunct startup company BitInstant, and is a founding member of the Bitcoin Foundation, formerly serving as vice chairman. In 2017, he joined Jaxx as its director of business and community development. In December 2014 he was sentenced to two years in prison for aiding and abetting the operation of an unlicensed money-transmitting business related to the Silk Road marketplace. He was released from prison around June 2016.
Giancarlo Devasini - was previously fined for running a software counterfeiting business selling pirate Microsoft warez before becoming chief bean counter and Tether manager at Bitfinex. The most recent article in the Italian media can be found below. It covers Tether and the exchange’s ‘banking’ issues:
http://ilsole24ore.com/solemobile/main/art/notizie/2017-12-18/paradisi-fiscali-attacchi-hacker-e-blocchi-storia-bitfinex-regina-bitcoin-212359.shtml
Max Keiser - is an American broadcaster and film maker. Though he is not a financial expert he hosts Keiser Report, a financial program broadcast on Russian twisted alternative facts state media channel RT that features heterodox economics theories.
Keiser is the creator, co-founder, and former CEO of HSX Holdings/Hollywood Stock Exchange. This technology allows traders to exchange virtual securities, such as "MovieStocks" and "StarBonds", with convertible virtual currency, the "Hollywood Dollar". It exists in its own parallel reality separate from Hollywood’s own creative accounting practices.
submitted by Tomatoshi to Buttcoin [link] [comments]

Top 10 Best Cryptocurrency Wallets for 2019 (Re-Post)

Top 10 Best Cryptocurrency Wallets for 2019 (Re-Post)
https://preview.redd.it/g0j3lqvymxi31.png?width=1500&format=png&auto=webp&s=f1024902cc5c9ad6f0417a419d0c1b4e75c2c13f
You've asked for a list to find the Best Cryptocurrency Wallet, We've delivered! Bitcoin prices have been rising throughout 2019, and have now hit over $10,000! Pair that with newer cryptocurrencies such as ether along with an increasing acceptance of blockchain tech plus media and government coverage, cryptocurrency wallets are needed now more than ever. Whether you are looking for the best cryptocurrency wallets, Bitcoin wallet or the best Ethereum wallet, we've got you covered.
These best cryptocurrency wallets, best Bitcoin wallets, and best Ethereum wallets have proven to be crowd-pleasers, and each comes with its own array of pros and cons that are mostly dependent on user preference:

1. Ledger Nano S (Best Ethereum Wallet)

The Ledger Nano S is a cryptocurrency multi-asset hardware wallet that looks like a folding flash drive. It can store Bitcoin, Ethereum, and other Altcoins. The Ledger Nano S connects via a USB cable and requires interaction with the device to confirm transactions. Ledger’s Nano S is also U2F authentication compliant for use with other services and can run multiple apps. The Ledger Nano is safe, relatively inexpensive, malware proof and cannot be hacked. For those reasons, we think it is one of the best cryptocurrency wallets. See #6 for the Nano's beefed up brother, the Ledger Blue!
Ledger Nano S is available in saffron yellow, flamingo pink, jade green, lagoon blue, and black.
According to Ledger, these are in stock and shipping.
Cost: $59
Buy Direct Here > www.LedgerWallet.com

2. Coinbase (Best Bitcoin Wallet)

CB is an established and dedicated cryptocurrency exchange, a Bitcoin, and Ethereum wallet, and is supported in more than 30 countries. They have helped over 10 million users transact more than $20 billion in cryptocurrency exchanges and is the industry leader for cryptocurrency exchange. They have a great user interface that is easy to use.
Free to sign up but they do charge a minimal transaction fee depending on the size of the transaction. Simply sign up, connect your bank account or credit card, then buy your cryptocurrency. You will need to verify your identity by providing 1 or multiple pieces of identity, depending on how much you buy. Once you've purchased your Bitcoin, You can easily transfer it to your “vault” for better protection. It may take several days to receive the first Bitcoins you purchase. Be sure to turn on 2-factor authentication for additional protection to your account, you can download this on any cell phone using Google Authenticator or Authy.
Sign Up Here > www.Coinbase.com

3. Ledger BLUE

The “Rolls Royce of hardware wallets! It is by far the most advanced hardware security gear on the market. Comes with a color large touchscreen, Bluetooth, and a rechargeable battery. Lightweight for easy transportation and storage. Works with multi currencies and extensible with other apps. Ledger offers enterprise-level security. If it wasn't for the high price point, Ledger would get our vote for the top 5 best cryptocurrency wallets.
Shipping: Available for Preorder, According to Ledger this will ship in late September 2017.
Cost: 229.00€ or roughly $270 USD.
Buy Direct Here > www.LedgerWallet.com

4. KeepKey

KeepKey is a simple hardware wallet that secures Bitcoin, Ethereum, Litecoin, Dogecoin dash, and Namecoin. Your assets are protected from hackers and thieves. They claim to be virus and malware proof because it does not have an operating system like your phone or computer. The firmware is 100% open source and works on PC, Mac, Linux, and Android. You can make modifications to their firmware or create your own, then run it. Keep Key has a great digital display and comes in a very appealing anodized aluminum and black polycarbonate case. They offer a 1-year limited warranty.
As of 8/29/2017, These are finally back in stock!
Cost: $99 USD.
Buy Direct Here > www.KeepKey.com

5. TREZOR

TREZOR is an industry-leading hardware multi-cryptocurrency wallet. They were the original hardware wallet and claim to be the most secure. These are quick to setup and easy to use. They offer a Google Chrome extension that communicates with your hardware. TREZOR combines an easy setup with a small, durable token for authenticating and storing cryptocurrency. The token can also act as a security key for the new U2F authentication process.
These are available in black and white colors.
Customers tell us these are shipping 4 days after the order is placed.
Cost: 89. € or roughly $10 USD. They also offer a “Multipack that contains 3 Trezors and gives you a 22€ discount.
Buy Direct Here > www.Trezor.io

6. StrongCoin

StrongCoin one of the best cryptocurrency wallets. They are a hybrid wallet allows you to send and receive Bitcoins just like any other wallet. However, the Bitcoin private key which is required to send money is encrypted in your browser before it reaches their servers. They can never hold your bitcoins ransom because you are able to download your entire account as a PDF. You can purchase bitcoins directly to your StrongCoin wallet so they are never at risk of theft on an exchange. StrongCoin is the longest running Bitcoin wallet. 110,000 users have signed up and it appears to be a very well known and widely used company. Their wallets are free to create but they do charge a small transaction fee depending on the amount of Bitcoin.
Sign Up Here > www.StrongCoin.com

7. Exodus

If this page were titled The Best Designed Cryptocurrency Wallet and not Best Cryptocurrency Wallets, Exodus would be the clear winner. Exodus is the first desktop software wallet to have ShapeShift built into the interface in order to allow for rapid conversion between various altcoins and cryptocurrencies. Beyond having ShapeShift integration, Exodus is a multi-asset wallet and lets you store your private keys in one application with a customizable user interface. You have full control over your encrypted private keys, they have beautiful live charts and you can customize the look and feel of their interface. They offer 24/7 support via their help desk or email which makes communication nice for late night projects. They also offer a Slack channel for communication with other users. Exodus is available for Windows, Mac, and Linux. This software is free to download.

8. Jaxx – Ice Cube

Jaxx established their brand by allowing for cross-platform support with their crypto wallet. They have added integration support for ShapeShift and gives users a multi-currency wallet that they hold the private keys for. Jaxx announced the “Ice Cube” which is a hardware wallet with a camera and cellular chip for broadcasting transactions that never connects to the internet. The Ice Cube is water and fire resistant. This company is small and can also be stored in a safe or safety deposit box for security. Jaxx has a beautiful user interface and visible code, you can tell they have designed this product for the amateur as well as the most experienced Crypto enthusiast.

9. Mycelium

Granted the prestigious “Best Mobile App” award by Blockchain.info in 2014, the wallet provides the ability to send and receive bitcoins whilst benefiting from bank-grade security. Mycelium is an Android-based multi-asset cryptocurrency wallet that has been tested by hundreds of thousands of users. At the time of writing this, they had the most stars on Google Play. They are in the midst of integrating with a variety of third-party service providers to bring new and emerging applications into a realm of usefulness that can only be achieved with native functionality and a high degree of user trust. They currently integrate with Cashila, Glidera, Coinapult, Trezor, and Ledger. Mycelium also has hardware wallets and is working to further the development of decentralized applications (DApps). They are constantly upgrading this software. They are working on a personal finance tool to pay your bills and manage your finances and investments. This is the best Ethereum wallet and the best Bitcoin Wallet.

10. Electrum

Electrum was created by Thomas Voegtlin in November 2011, as a result, various developers have contributed to its source code. A software wallet that was designed to give users the freedom to manage their funds and private keys in a secure manner. Electrum allows you to store your private keys offline and integrates with some hardware wallets like TREZOR or Ledger products. Electrum utilizes decentralized servers to ensure minimal to no downtime.

Different Types of Cryptocurrency Wallets:

What is a Cryptocurrency Hardware Wallet?

These cryptocurrency Wallets store your information offline so it cannot be hacked. While it is more expensive than most other wallets, It can be a great investment. A lot of people buy 2-4 hardware wallets to spread the risk of losing one. We recommend storing this in a safety deposit box at your bank or in a very safe and secure place in your home. The downside of these wallets is losing your wallet, be careful! For security, we think these are the best cryptocurrency wallets available.

What is a Cryptocurrency Web Wallet?

These are the easiest wallets to use and the most convenient. Most websites will allow for 2-factor authentication through Google, text message, or Authy. This adds a great layer of protection. We have heard of very few cases where these accounts were hacked individually but we have heard of entire exchanges getting hacked which results in stolen bitcoins. We always keep some of our Bitcoin, Litecoin, Ethereum and other Altcoins in web-based crypto wallets so we can easily day trade and move funds around.

What is a Cryptocurrency Desktop Wallet?

These are great wallets for storing cryptocurrency. You don't have the concern of losing your wallet like a hardware cryptocurrency wallets. You don't have the concern of getting hacked like web-based cryptocurrency wallets. These desktop wallets are generally free or low cost. You are however at risk of losing your wallet if your computer fails or is lost or stolen. If you want to make sure you don't lose these wallets, we suggest printing them on a durable material like foam board printing. These can make for the best bitcoin wallet and also the best Etereum wallet.

What is a Cryptocurrency Mobile Wallet?

Both Apple and Android offer mobile app based cryptocurrency wallets. These are great because you can use them on the go and on the fly. We have read several reports on Reddit about fraudulent apps that steal your bitcoin wallet and all of its contents so please be sure to use a well known Mobile crypto wallet.

Link to original blog post: https://www.disruptordaily.com/top-10-best-cryptocurrency-wallets-for-2017/
submitted by Tokenberry to NewbieZone [link] [comments]

Top 10 crypto leaders and influencers you should follow

Vitalik Buterin
It is no surprise to see that Vitalik Buterin, the co-founder of Ethereum is at the top of the cryptocurrency influencers leader board. With a massive following of 828K, he is known to have a very open opinion on the industry. He is the genius behind the world’s third largest coin and is also the co-founder of bitcoin magazine. He is currently the Chief Scientist of the Ethereum Foundation where he works on the future visions of the Ethereum protocol.
Charlie Lee
Second on our list is Charlie Lee, the creator of Litecoin, and cryptocurrency enthusiast. He is the managing director of the Litecoin Foundation and has an astounding 801K followers on twitter. He entered the world of crypto by getting into bitcoin mining- along with many others. He has worked for many industry leading companies including Google and Coinbase.
Nick Szabo
A major influencer in Bitcoin is Nick Szabo, his expertise in cryptocurrency started when he created BitGold the predecessor of Bitcoin. Even though Szabo has denied the claim numerous times, people still speculate whether he is Satoshi Nakamoto, the anonymous creator of Bitcoin. He is also known as the ‘father’ of smart contracts and he is always contributing to the crypto industry with his knowledge and experience.
Roger Ver
Roger Ver was the world’s first investor in Bitcoin startups and the blockchain industry. He runs the popular wallet and news resource, Bitcoin.com and he is known as a legend in the Bitcoin Cash community. Also known as the ‘Bitcoin Jesus’ Roger is a self-educated enthusiasts who invests in numerous Bitcoin startups.
Andreas M. Antonopoulos
Known as one of the greatest bitcoin advocates, Andreas has a large twitter following of 462K where his opinions are regarding highly. He is a distributed systems expert and frequent speaker at cryptocurrency and blockchain events. He is a bitcoin evangelist and author of the well known book ‘Mastering Bitcoin’. We’re now half way through our cryptocurrency influencers list.
Erik Voorhees
Erik Tristan Voorhees is co-founder of Coinapult and founder of Satoshi Dice. He is also the creator and CEO of crypto exchange ShapeShift.io. His popular blog bio states he is “among the top-recognized serial Bitcoin advocates and entrepreneurs, understanding Bitcoin as one of the most important inventions ever created by humanity. Erik’s former project, the groundbreaking gaming phenomenon SatoshiDICE, was, at its peak, responsible for more than half of all Bitcoin transactions on Earth.”
Brian Armstrong
Brian Armstong is co-founder & CEO at Coinbase which was founded in 2012. Coinbase is a digital currency wallet and one of the largest cryptocurrency exchanges where users can buy and sell Bitcoin and alt coins. He is also co-founder of GiveCrypto which is a non-profit helping people living in poverty by distributing cryptocurrency.
Brad Garlinghouse
Brad Garlinghouse is the CEO at Ripple which provides “one frictionless experience to send money globally using the power of blockchain. By joining Ripple’s growing, global network, financial institutions can process their customers’ payments anywhere in the world instantly, reliably and cost-effectively. Banks and payment providers can use the digital asset XRP to further reduce their costs and access new markets.”
Jameson Lopp
Professional Cypherpunk, CTO at Casa and creator of Statoshi.info. According to his popular blog he “enjoys building technology that empowers individuals. At the moment, he’s most interested in opportunities within the Bitcoin and crypto asset ecosystem. He is passionate about sharing his knowledge with others and is receptive to interviews and speaking engagements.”
Max Keiser
Timothy Maxwell “Max” Keiser is an American broadcaster and film maker. He hosts Keiser Report, a financial program broadcast on Russian state media channel RT that features heterodox economics theories. He is also partner in crypto VC fund Heisenberg Capital. Max completes our cryptocurrency influencers Top 10.
by Emma Thompson
submitted by jewelpay to u/jewelpay [link] [comments]

[ACTUAL SHILLING] Let's see who's defending Uphold over in /r/bitcoin.

So there's this company, Uphold, which basically made up most of their balance sheet by introducing a 100% premined cryptocurrency, Voxel.
They claim to operate as a full reserve, but the nature of their assets doesn't match the nature of their liabilities. If you remove all Voxel assets and obligations, there's a negative balance. Note that this is according to the balance sheet they publish themselves which is not audited in any way (they don't even publish their BTC addresses and provide signed messages).
Just three days after it was on /buttcoin, /bitcoin noticed it too. In that thread, several people defended Uphold. Let's have a look at them.
There's bittyboyboo with this comment:
OP is a Redditor for 12 hours, but sounds like a long-time and serious Uphold hater. Wonder why?
Uphold is an awesome service and I use it to move money from my UK bank account to my UH wallet to buy BTC. They are the cheapest and easiest way to buy and sell BTC that I've found. What's cheaper than free? What's faster than instant?
There's enough legit Garza/Gox action in cryptoland without bad-mouthing the only company that publishes what they are doing in real-time. OP--you sound like the insolvent (and butthurt) scammer.
The user history shows just three other comments, one hating on Cryptsy, one recommending another service, airtm.io, and, one month ago, a recommendation of Uphold.
Now you might say, okay, so this guy is just a satisfied customer who doesn't like to post a lot.
So let's go over to bitgoldtruth with this comment:
OP is way off and sounds like he's a competitor spreading FUD.
Uphold is centralized, so I don't use them, but they are legit and have become a very important part of the BTC ecosystem.
I've looked a the Voxel (VOX) as a potential scam (because that's what I like to do)-- see my previous posting history about Paycoin, Bitgold, etc.
Voxel is a pre-mine, but it does have a very specific real-world use-case-- the purchase of content on Voxelus.com.
UH puts it all out there on their transparency page, which is the only reason OP could do this analysis. I applaud that transparency.
TL;DR: Voxel not a scamcoin, Uphold is solvent and the only financial service in the world that I know of that is 100% transparent in real-time. Instead of bashing UH, why not demand that Circle and Coinbase and Bitstamp also implement real-time transparency.
You might not like their management, but there is no denying that they benefit BTC by offering an excellent and innovative service.
Again-- I don't like them and don't use them, but let's save cries of insolvency and scamcoin for the company's that deserve it. I've been guilty of this myself and now am much more careful. There's plenty of bad guys in this space, but UH is not one of them.
Looking at their posting history, you see them defending Uphold with an almost identical post three days ago, defending Uphold two months ago, calling Bitreserve (the old name of Uphold) legit eleven months ago and hating on Cryptsy. Also, they seem really sold on the idea that Bitgold, a competitor to and one-time opponent in court of Uphold, is a scam. (1, 2, 3, 4, 5, 6, 7, 8, 9, 10)
Well, you say, that's just a guy with a strong opinion, isn't it?
Let's go over to CaptainCloudMoney, who brought us this comment:
OP is full of BS.
Uphold is demonstrably solvent if you know how to do math.
The only reason OP can pretend to do the math is Uphold publishes a real-time accounting of their assets and liabilities.
I'm a long-time UH supporter and investor and they just keep getting better and better. The market values innovation and UH is by far the most innovative company in the fintech/crypto space.
And for the record-- I'm long voxels because it's a bet on the future of virtual reality, which I have little doubt will do to video what video did to radio.
Uphold FTW!
Now if you go through their comment history, it's basically one big Uphold advertisement, and before that, one big Bitreserve advertisement (as you remember, the old name of Uphold). I won't go into detail here because it's really that obvious, but note that they're also plugging airtm.io (and again), just like our four-comment friend bittyboyboo did.
Well then. I think we can close the case now, Uphold is just a great company with a lot of satisfied users who all love Uphold and will defend it by attacking anybody who posts something against them. There is absolutely no foul play going on here.
submitted by Mark_Karpeles_ to Buttcoin [link] [comments]

Bitcoin Bowl: Football for Bitcoiners 101

Bitcoin Community,
As many of you know, Bitpay is sponsoring the NCAA (college level) Bitcoin Bowl which plays the 26th at 8pm EST. http://stpetersburgbowl.com/
A huge thanks to Tony and the Bitpay team for putting the Bitcoin name out there, over their own company, and all the work done to get hundred of merchants accepting around the stadium.
I'm excited to watch, just to see some crusty football announcers forced to talk about bitcoin.
The Tampa Bay Times put out an article, finishing with a helpful “How Bitcoin Works,” with such gems as,
“Now the QR code, after being scanned, links the merchant and the buyer's bitcoin wallet. The buyer then enters the amount owed, a private access code and payment approval. (You'll still pay tax on certain things. You can still tip your waiter at a restaurant. It's actually not that different. Well, kind of!)”
http://www.tampabay.com/news/business/retail/at-espn-bitcoin-bowl-push-is-on-for-football-8212-and-cryptocurrency/2211278
Few bitcoiners are... traditionally interested in American football. I thought I'd put together a quick guide so that any bitcoiner can watch the game and sound like they know what they are talking about.
With no further ado, How Football Works for Bitcoiners, with some silly analogies. bitcoin – I'm sure you have some far better ones... :)
Quarterback: touches ball every offensive play, hands off to a running back, or passes to a receiver or tight end. Bitcoin analogy: Gavin Andresen. If he isn't on his game, it isn't a guaranteed loss, but everyone else will need to pick up the slack.
Touchdown: Get into the end zone - either end of the 100 yard (91.44 meters for international readers) field yields your team 6 points, with a short kick for an additional point to make it 7 points. Bitcoin analogy: Price bubble – we're going to the moon! Both seem great and unstoppable at the time, there is a lot of irrational celebration, and in both cases, the game is rarely over.
Touchdown celebration: https://www.youtube.com/watch?v=5dmqGg6Ccvw Randy Moss goes to the moon
Price bubble celebration: http://i.imgur.com/UPuMUx8.jpg Bitcoin price goes to the moon
Interception: Quarterback throws a pass, but the defense catches it, you have an interception. Bitcoin analogy: http://arstechnica.com/tech-policy/2014/11/feds-will-auction-off-19-million-in-bitcoins-from-alleged-silk-road-kingpin/
First Down: When the offense advances 10 yards or more from the line of scrimmage within 4 plays, they get a first down, and a set of new 4 plays. Bitcoin analogy: Block confirmation – this is the lifeblood of a football team, and the bitcoin space. Wait, is bitcoin dead yet? Wait..... http://isbitcoindeadyet.com/
Goxxed: A familiar term to bitcoiners, I propose as new football term to describe a play like this: https://www.youtube.com/watch?v=d2EOees58eQ
Defense: Tries to halt the offense from advancing down the field and stop a touchdown.
Bitcoin analogy: NY DFS headed by Ben Lawsky. Much like the terribly ranked Jacksonville Jaguars defense, they can't slow this thing down for long. http://espn.go.com/nfl/team/_/name/jax/jacksonville-jaguars
Anyone have any better analogies?
Excited to see what 2015 brings for Bitcoin - Justin Blincoe, Coinapult
submitted by dendxbptybtc to Bitcoin [link] [comments]

Mycelium Wallet for Android v2.5 and some news

Mycelium Wallet for Android v2.5 is finally out after a long long time in beta. Some major new features in this one!
Ledger and Coinapult are our most exciting features this time. We hope that now that users are able to lock their account value to the value of USD, those who were worried about using Bitcoin due to high volatility (such as merchants in areas without access to BitPay type services) will now be willing to give Bitcoin a try. Who knows, maybe it'll finaly give some competition to MPesa. And Ledger adds a much more affordable option for those who wish to use a more secure dedicated hardware device for storing their Bitcoin savings. Also, don't forget, our European users can already send to SEPA accounts directly from within the walle, too, using Cashila. That feature isn't really obvious, since it only shows up if you register for a Cashila account, but let's you pay your bills or transfer money to friends and family right from your wallet.
We also have some news (in case it was missed earlier). Mycelium managed to raise some funding, and is in the process of hiring developers:
https://coinality.com/jobs/front-end-developer-android/ https://coinality.com/jobs/front-end-developer-ios/
We recently hired a new backend developer, and senior developers for iOS and Android. I have moved from a Community Manager to a Product Manager for the wallet (I'll still be doing community managing though). And we also have some BIG changes planned for our wallet. Much of the wallet will be redesigned from scratch, and the main changes you will see are:
These changes won't come quickly, unfortunately, and we will keep updating our old wallet in the mean time, but we'll keep you updated on our progress.
submitted by Rassah to bitcoinxt [link] [comments]

ChangeTip now supports USD! Some thoughts about decentralization. Questions and Feedback welcomed.

As you may have heard by now, ChangeTip rolled out support for tipping with US Dollars. That’s right, you have a USD Pocket now to tip with. More information on how that works here.
We're very excited to be adding this additional payment channel for our users. It will allow more people to use ChangeTip, and to help spread the adoption of Bitcoin by infiltrating the USD market and building bridges (more on that below).
While this news will be welcomed by the vast majority of our users, we understand that some people may have questions about why we did this. I wanted to take this opportunity to transparently talk about our reasoning, as well as give a glimpse into the ChangeTip’s future plans when it comes to decentralization.
Why did ChangeTip add support for USD?
While the whole ChangeTip team wants to shout from the rooftops that Bitcoin is the best payment channel for micropayments, we also listen to our customers.
On that front, our customers told us that they want US Dollars. We had some hunches on this, and then did some customer interviews, and also did a nationwide survey. In this survey, 76% of people would not use ChangeTip because it was bitcoin. Ouch!
Digging into The Why uncovered a pretty big consumer perception problem with Bitcoin. There were three fairly equally weighted reasons:
With 3 out of 4 people being unwilling to use ChangeTip because it is using Bitcoin, it was clear that we needed to add USD. The US dollar is probably going to be around for at least a few more years, so we figured we needed to play nice and interoperate. ;)
When these USD users are using ChangeTip, they will be constantly introduced to the benefits of Bitcoin. Want to send a tip to someone who doesn't have a USD bank account? No problem, we will convert that to Bitcoin for you and get your tip to them. Don't like the high banking fees? Use Bitcoin! Don't like waiting 2 days to get your money? Use Bitcoin! We will be sprinkling BTC advertisements all throughout our product.
What plans does ChangeTip have for Decentralization in the future?
We've been through some serious challenges to get USD to work. The regulatory and banking system challenges have been...an exercise in patience. We're now very motivated to figure out a way to enable these transfers that don't require the use of the existing banking infrastructure (and all the headaches that come with that).
On that front, we've recently renewed our commitment to building a decentralized ChangeTip, where the user controls the funds, and both Bitcoin and USD are supported. There are some huge challenges to doing this. Hats off to Abra, as well as Mycelium / Coinapult, for the paving the way recently.
Beyond the challenges that Abra and Mycelium have recently solved, ChangeTip's situation is more challenging for two big reasons.
  1. Micropayments. We are moving small amounts of money, it's not feasible to have a 1/10th of a penny tip or micropayment to a publisher be an on-chain transaction. Payment channels look promising here, with ChangeTip acting as an Oracle, as described here
  2. Offline mode. With solutions like Abra and Mycelium, the user always initiates the transaction from the device. Since tipping can be triggered from anywhere (Reddit, YouTube, Twitter, etc.), we need a way to trigger the transaction even when the browsemobile app is not active.
These and other fun challenges await us, but we’re excited for the challenge. We've pulled some heavy hitters together to begin thinking this through (including Richard Kiss, the author of Pycoin, and other soon-to-be-announced high profile Bitcoin experts). Beginning next week we will be actively exploring all possible solutions. The sooner the better! If you have ideas, we'd love to hear them. If you want to help, get in touch.
We're infiltrating USD, building bridges back to Bitcoin, and grabbing users that would have previously been unapproachable. As a result, we think this will expose more people to Bitcoin by providing a simple, low-risk atmosphere to start learning about cryptocurrency. What we’ve seen in our community expansion efforts so far is that people “get” bitcoin when they start using it. In order to get more people understanding and loving bitcoin, they have to use it. We feel this is the easiest way to draw people in, and show them in real time the benefits of bitcoin vs. FIAT.
We welcome suggestions, questions, and other feedback. I'll personally be online for 1 hour to answer questions (sorry, I have a conference today!), but several members of the ChangeTip team will be dropping by throughout the day to answer questions.
submitted by Nick_Changetip to changetip [link] [comments]

Mycelium Wallet for Android v2.5 and some news

Mycelium Wallet for Android v2.5 is finally out after a long long time in beta. Some major new features in this one!
Ledger and Coinapult are our most exciting features this time. We hope that now that users are able to lock their account value to the value of USD, those who were worried about using Bitcoin due to high volatility (such as merchants in areas without access to BitPay type services) will now be willing to give Bitcoin a try. Who knows, maybe it'll finaly give some competition to MPesa. And Ledger adds a much more affordable option for those who wish to use a more secure dedicated hardware device for storing their Bitcoin savings. Also, don't forget, our European users can already send to SEPA accounts directly from within the walle, too, using Cashila. That feature isn't really obvious, since it only shows up if you register for a Cashila account, but let's you pay your bills or transfer money to friends and family right from your wallet.
We also have some news (in case it was missed earlier). Mycelium managed to raise some funding, and is in the process of hiring developers:
https://coinality.com/jobs/front-end-developer-android/ https://coinality.com/jobs/front-end-developer-ios/
We recently hired a new backend developer, and senior developers for iOS and Android. I have moved from a Community Manager to a Product Manager for the wallet (I'll still be doing community managing though). And we also have some BIG changes planned for our wallet. Much of the wallet will be redesigned from scratch, and the main changes you will see are:
These changes won't come quickly, unfortunately, and we will keep updating our old wallet in the mean time, but we'll keep you updated on our progress.
submitted by Rassah to bitcoin_uncensored [link] [comments]

The Faces of Bitcoin - A Information Guide for the Public

The Faces of Bitcoin - An Information Guide for the Public
Reddit CEO Yishan Wong once said:
‘"Without being too inflammatory, the user base for bitcoin is basically crazy libertarians who are increasingly poorly informed about currency systems and macroeconomics.’
So let’s list the buttiness of the public faces of Bitcoin for all the people new to crypto. The public should know who and what they are dealing with. Please expand the list and distribute widely
Part One
Satoshi Nakamoto - the economically illiterate founder of Bitcoin. Having cobbled together various older ideas he acted like he had created something new and foolishly released it to the public in a beta state that could not be easily retracted or upgraded. He was so embarrassed by his creation that he didn’t want to reveal his identity.
The price of decentralisation is nobody gives a shit about your leadership and you can’t be a real project manager. Whenever he was losing control of Bitcoin he would freak out and ask developers to stop trying to innovate or tamper with his project. Eventually he was so frustrated by decentralisation that he abandoned his project.
Erik Voorhees - is co-founder of the bitcoin company Coinapult, worked as Director of Marketing at BitInstant, and was founder and partial owner of the bitcoin gambling website Satoshi Dice. He was fined by the U.S. Securities and Exchange Commission for an unregistered stock offering related to SatoshiDice.
Charlie Shrem - co-founded the now-defunct startup company BitInstant, and is a founding member of the Bitcoin Foundation, formerly serving as vice chairman. In 2017, he joined Jaxx as its director of business and community development. In December 2014 he was sentenced to two years in prison for aiding and abetting the operation of an unlicensed money-transmitting business related to the Silk Road marketplace. He was released from prison around June 2016.
Giancarlo Devasini - was previously fined for running a software counterfeiting business selling pirate Microsoft warez before becoming chief bean counter and Tether manager at Bitfinex. The most recent article in the Italian media can be found below. It covers Tether and the exchange’s ‘banking’ issues:
http://ilsole24ore.com/solemobile/main/art/notizie/2017-12-18/paradisi-fiscali-attacchi-hacker-e-blocchi-storia-bitfinex-regina-bitcoin-212359.shtml
Max Keiser - is an American broadcaster and film maker. Though he is not a financial expert he hosts Keiser Report, a financial program broadcast on Russian twisted alternative facts state media channel RT that features heterodox economics theories.
Keiser is the creator, co-founder, and former CEO of HSX Holdings/Hollywood Stock Exchange. This technology allows traders to exchange virtual securities, such as "MovieStocks" and "StarBonds", with convertible virtual currency, the "Hollywood Dollar". It exists in its own parallel reality separate from Hollywood’s own creative accounting practices.
submitted by Tomatoshi to Buttcoin [link] [comments]

Dridex malware prepares to integrate Bitcoin wallets!

Attention! Dridex, the trojan, which can already log credentials for online banking portals, is building a database of the most encountered cryptocurrency wallet software, no doubt to add support for stealing Bitcoin and other digital currencies in future versions.
Recent Dridex samples seem to scan following wallets. View code snippet:
< cmd id="5649" type="15" > < fs >crealogix,multiversa,abacus,ebics,agro- office,cashcomm,softcrew,coconet,macrogram,mammut,omikron,multicash,quatersoft,alphasys,wineur,epsitec,myaccessweb,bellin,financesuite,moneta,softcash,trinity,financesuite,abrantix,starmoney,sfirm,migrosbank,migros bank,online banking,star money,multibit,bitgo,bither,blockchain,copay,msigna,armory,electrum,coinbase,magnr,keepkey,coinsbank,coolwallet,bitoex,xapo,changetip,coinapult,blocktrail,breadwallet,luxstack,airbitz,schildbach,ledger nano,mycelium,trezor,coinomi,bitcore < / fs > < / cmd > 
Read more: http://news.softpedia.com/news/dridex-banking-trojan-will-soon-target-crypto-currency-wallets-508041.shtml#ixzz4JZCKf6lk
submitted by ArpFlush to Bitcoin [link] [comments]

Okcoin.com vs Bitstamp

Here’s the next step in my journey to finding the best way to trade BTC/USD: analysis of Okcoin.com (one of the exchanges with the most action) vs. Bitstamp (a recently-hacked but widely used exchange).
Once more I’m scoring based on three factors: Cost, Speed, and Safety. After analyzing BTS and OKC, I think I’ll add a fourth: Functionality.
Cost:
(I conducted a similar round trip to the one on my last comparison Bitreserve vs. Coinapult. Bitreserve won that round by a mile.)
I set a 0.1BTC market sell order on both exchanges. Then I sold the resulting dollars with another market order. You can check out the screenshots here
OKcoin BTC=>USD=>BTC Roundtrip: I had some crazy remaining balance issues with OKC because they don’t make it easy to trade exact amounts, and I still have some $0.1041 in USD in my OKC wallet, I’ll have to manually account for this (more on this on this later).
BTC=>USD: 0.1 BTC transferred at a rate of 291.09 USD / BTC = USD 29.109 credited (USD 0.0584 commission). USD=> BTC: USD 29.109 transferred to BTC at a rate of 291.14 USD/BTC = 0.0997BTC (BTC 0.0002 commission). Total Cost OKC: BTC: 0.0003 (0.3%)
Bitstamp BTC=>USD=>BTC Roundtrip: BTC=>USD: 0.1 BTC transferred at a rate of 289.70 USD / BTC = USD 28.97 credited (USD 0.08 commission). USD=> BTC: USD 28.97 transferred to BTC at a rate of 291.97 USD/BTC = 0.099355 BTC (USD 0.08 commission). Total Cost BTS: BTC: 0.00075 (0.75%)
OKC is half the cost of BTS and by far the cheapest exchange I’ve used. But I’ve got some real questions about how they operate within China’s legal system (more on that later too, under “Security,” because the cost savings don’t add up to much if the PRC government shuts down OKC and confiscates all their client funds).
Speed:
Because I only used market orders my BTC and USD sales were executed very fast on both exchanges. But if it were any other type of order or aven a larger order, the size of the market in the exchange would impact the speed and cost of the trade. One way to calculate the market size of an exchange is by its volume or the amount of BTC traded daily. According to exchange war OKC has a volume of about 28,000 + BTC daily while BTS has a mere 7,000 so Okcoin.com is probably a bit faster. But are those numbers accurate?
Functionality:
OKC has some cool features like, trail orders,trigger orders, TWAPs, and iceberg orders, and futures. BTS sticks to the more basic exchange functions like market order, stop order, and limit order, which is not bad if you’re a novice trader and want to keep it simple.
A thing I dislike about OKC is that whenever you place an order to buy or sell BTC you sort of have to take out a calculator to subtract the exchanges fee from your order. Because of this I have a remaining balance on my OKC account. It’s pretty annoying and feels like i'm being cheated out of my money. An exchange that deals with this pretty well is again Bitreserve, whenever you don’t have sufficient balance on a card to place an order the service will automatically help you re-adjust the amount.
Security:
So there’s still the last SAFETY factor, because price and speed don’t matter if the exchange gets hacked and all your BTC and Fiat gets stolen. Another aspect we have to talk about is how exchanges keep your fiat whenever you sell your bitcoin.
In case you don’t know, the way Bitcoins get stolen is pretty basic, hackers either hack your account or they hack into the exchanges hot wallet and just empty it (this happened at BTS recently).
OKC has a huge share of the bitcoin exchange market and I assume top players have gone through a thorough inspection of their security protocol.
What they basically do is: Cold store the bitcoin in addresses that have never touched the internet. Take strict measures about how the people in charge of cold storing the bitcoin and safe keeping those cold wallets on banks do their job.
Since their reportedly $5mm attack on their hot wallet BTS has implemented new security measures. They now use multi-sig (multi signature) technology provided by Bitgo. Bitgo’s 2-of-3 signature address provides BTS users a pretty safe wallet to keep their bitcoin. Although the exact details of Bitgo's and Bitstamp's integration are undisclosed (for obvious reasons) all you need to know is that withdrawing funds from the 2-of-3 address requires at least 2 of the 3 keys to sign. Find out more here.
Another risk is what the exchange does with the fiat in your account when you sell bitcoin. This part is pretty straight forward, the exchange has to have a bank where they keep the fiat people buy and from which they receive credit card payments from clients and reflect the balance on their accounts. BTS keeps their dollars at these two Slovenian banks: Raiffeisen Banka d.d. and Gorenjska Banka d.d. The bank (or banks) OKC uses to receive deposits is Barclays Bank Mozambique SA. FYI the reason their bank is off shore is because Chinese banks are not allowed to deal with any currencies except Yuan and they can’t have direct contact with bitcoin exchanges.
This talk by Zhang Weiwu, a top Chinese bitcoin columnist (whose predictions for the future of bitcoin have been spot on) helped me understand China's bitcoin panorama. The big take-away of Zhang’s talk for me is that the Chinese bitcoin industry is UNCERTAIN: either the government shuts it down because its growing uncontrollably fast or they adapt to it because they want to catch up on the rest of the world. Either way, OKC is playing a dangerous game of navigating around PRC bank regulations.
Wrapping up, OKC came on top of BTS on the price and speed comparison. As for functionality, it really depends on what you’re looking for. If you’re a serious trader I would recommend you take your biz over to OKC. If you just want to dabble or get started you should start on BTS. As far as the safety factor goes, BTS wins that one until there’s more clarity from the PRC bigshots.
So...
Cost--Ok Coin wins. Functionality-- Ok Coin wins. Speed-- a tie. Security-- Bitstamp wins since their ecosystem is a lot more friendly towards bitcoin, even with the recent hack and have no proof of solvency.
Following a Uefaesque point awarding system: − 2 points awarded for a win − 1 point awarded for a draw − 0 points awarded for a defeat
OKcoin wins 5 points to 3!
At the end I’d like to leave it to your better judgment to decide, you have all the facts to make an objective decision on which of these exchanges to use. As far as I’m concerned there is still room for exchanges to innovate and make strides to making the virtual currency world safer. An example of this would be Bitreserve’s real-time transparency. I’d like to see Bitstamp and OkCoin provide real-time proof of solvency and liquidity like Bitreserve does.
Till the next time,
mr.bitsy
submitted by mrbitsy to BitcoinMarkets [link] [comments]

Mycelium Wallet for Android v2.5 and some news

Mycelium Wallet for Android v2.5 is finally out after a long long time in beta. Some major new features in this one!
Ledger and Coinapult are our most exciting features this time. We hope that now that users are able to lock their account value to the value of USD, those who were worried about using Bitcoin due to high volatility (such as merchants in areas without access to BitPay type services) will now be willing to give Bitcoin a try. Who knows, maybe it'll finaly give some competition to MPesa. And Ledger adds a much more affordable option for those who wish to use a more secure dedicated hardware device for storing their Bitcoin savings. Also, don't forget, our European users can already send to SEPA accounts directly from within the walle, too, using Cashila. That feature isn't really obvious, since it only shows up if you register for a Cashila account, but let's you pay your bills or transfer money to friends and family right from your wallet.
We also have some news (in case it was missed earlier). Mycelium managed to raise some funding, and is in the process of hiring developers:
https://coinality.com/jobs/front-end-developer-android/ https://coinality.com/jobs/front-end-developer-ios/
We recently hired a new backend developer, and senior developers for iOS and Android. I have moved from a Community Manager to a Product Manager for the wallet (I'll still be doing community managing though). And we also have some BIG changes planned for our wallet. Much of the wallet will be redesigned from scratch, and the main changes you will see are:
These changes won't come quickly, unfortunately, and we will keep updating our old wallet in the mean time, but we'll keep you updated on our progress.
submitted by Rassah to btc [link] [comments]

Okcoin vs.Bitstamp

Here’s the next step in my journey to finding the best way to trade BTC/USD: analysis of Okcoin.com (one of the exchanges with the most action) vs. Bitstamp (a recently-hacked but widely used exchange).
Once more I’m scoring based on three factors: Cost, Speed, and Safety. After analyzing BTS and OKC, I think I’ll add a fourth: Functionality.
Cost:
(I conducted a similar round trip to the one on my last comparison Bitreserve vs. Coinapult. Bitreserve won that round by a mile.)
I set a 0.1BTC market sell order on both exchanges. Then I sold the resulting dollars with another market order. You can check out the screenshots here
OKcoin BTC=>USD=>BTC Roundtrip: I had some crazy remaining balance issues with OKC because they don’t make it easy to trade exact amounts, and I still have some $0.1041 in USD in my OKC wallet, I’ll have to manually account for this (more on this on this later).
BTC=>USD: 0.1 BTC transferred at a rate of 291.09 USD / BTC = USD 29.109 credited (USD 0.0584 commission). USD=> BTC: USD 29.109 transferred to BTC at a rate of 291.14 USD/BTC = 0.0997BTC (BTC 0.0002 commission). Total Cost OKC: BTC: 0.0003 (0.3%)
Bitstamp BTC=>USD=>BTC Roundtrip: BTC=>USD: 0.1 BTC transferred at a rate of 289.70 USD / BTC = USD 28.97 credited (USD 0.08 commission). USD=> BTC: USD 28.97 transferred to BTC at a rate of 291.97 USD/BTC = 0.099355 BTC (USD 0.08 commission). Total Cost BTS: BTC: 0.00075 (0.75%)
OKC is half the cost of BTS and by far the cheapest exchange I’ve used. But I’ve got some real questions about how they operate within China’s legal system (more on that later too, under “Security,” because the cost savings don’t add up to much if the PRC government shuts down OKC and confiscates all their client funds).
Speed:
Because I only used market orders my BTC and USD sales were executed very fast on both exchanges. But if it were any other type of order or aven a larger order, the size of the market in the exchange would impact the speed and cost of the trade. One way to calculate the market size of an exchange is by its volume or the amount of BTC traded daily. According to exchange war OKC has a volume of about 28,000 + BTC daily while BTS has a mere 7,000 so Okcoin.com is probably a bit faster. But are those numbers accurate?
Functionality:
OKC has some cool features like, trail orders,trigger orders, TWAPs, and iceberg orders, and futures. BTS sticks to the more basic exchange functions like market order, stop order, and limit order, which is not bad if you’re a novice trader and want to keep it simple.
A thing I dislike about OKC is that whenever you place an order to buy or sell BTC you sort of have to take out a calculator to subtract the exchanges fee from your order. Because of this I have a remaining balance on my OKC account. It’s pretty annoying and feels like i'm being cheated out of my money. An exchange that deals with this pretty well is again Bitreserve, whenever you don’t have sufficient balance on a card to place an order the service will automatically help you re-adjust the amount.
Security:
So there’s still the last SAFETY factor, because price and speed don’t matter if the exchange gets hacked and all your BTC and Fiat gets stolen. Another aspect we have to talk about is how exchanges keep your fiat whenever you sell your bitcoin.
In case you don’t know, the way Bitcoins get stolen is pretty basic, hackers either hack your account or they hack into the exchanges hot wallet and just empty it (this happened at BTS recently).
OKC has a huge share of the bitcoin exchange market and I assume top players have gone through a thorough inspection of their security protocol.
What they basically do is: Cold store the bitcoin in addresses that have never touched the internet. Take strict measures about how the people in charge of cold storing the bitcoin and safe keeping those cold wallets on banks do their job.
Since their reportedly $5mm attack on their hot wallet BTS has implemented new security measures. They now use multi-sig (multi signature) technology provided by Bitgo. Bitgo’s 2-of-3 signature address provides BTS users a pretty safe wallet to keep their bitcoin. Although the exact details of Bitgo's and Bitstamp's integration are undisclosed (for obvious reasons) all you need to know is that withdrawing funds from the 2-of-3 address requires at least 2 of the 3 keys to sign. Find out more here.
Another risk is what the exchange does with the fiat in your account when you sell bitcoin. This part is pretty straight forward, the exchange has to have a bank where they keep the fiat people buy and from which they receive credit card payments from clients and reflect the balance on their accounts. BTS keeps their dollars at these two Slovenian banks: Raiffeisen Banka d.d. and Gorenjska Banka d.d. The bank (or banks) OKC uses to receive deposits is Barclays Bank Mozambique SA. FYI the reason their bank is off shore is because Chinese banks are not allowed to deal with any currencies except Yuan and they can’t have direct contact with bitcoin exchanges.
This talk by Zhang Weiwu, a top Chinese bitcoin columnist (whose predictions for the future of bitcoin have been spot on) helped me understand China's bitcoin panorama. The big take-away of Zhang’s talk for me is that the Chinese bitcoin industry is UNCERTAIN: either the government shuts it down because its growing uncontrollably fast or they adapt to it because they want to catch up on the rest of the world. Either way, OKC is playing a dangerous game of navigating around PRC bank regulations.
Wrapping up, OKC came on top of BTS on the price and speed comparison. As for functionality, it really depends on what you’re looking for. If you’re a serious trader I would recommend you take your biz over to OKC. If you just want to dabble or get started you should start on BTS. As far as the safety factor goes, BTS wins that one until there’s more clarity from the PRC bigshots.
So...
Cost--Ok Coin wins. Functionality-- Ok Coin wins. Speed-- a tie. Security-- Bitstamp wins since their ecosystem is a lot more friendly towards bitcoin, even with the recent hack and have no proof of solvency.
Following a Uefaesque point awarding system: − 2 points awarded for a win − 1 point awarded for a draw − 0 points awarded for a defeat
OKcoin wins 5 points to 3!
At the end I’d like to leave it to your better judgment to decide, you have all the facts to make an objective decision on which of these exchanges to use. As far as I’m concerned there is still room for exchanges to innovate and make strides to making the virtual currency world safer. An example of this would be Bitreserve’s real-time transparency. I’d like to see Bitstamp and OkCoin provide real-time proof of solvency and liquidity like Bitreserve does.
Till the next time,
mr.bitsy
Edit: The paragraph on Bitgo multi-sig might have been unclear. Edit: Specified that I used okcoin.com. Edit: Found a bank Okcoin uses. Edit: Reasons for my conclusion.
submitted by mrbitsy to Bitcoin [link] [comments]

Regarding the "Bitcoin and Magical Thinking" blog post spotlighted on Techmeme today - The network, the infrastructure, and the community behind it is hardly a "magical thought."

I'm referring to this post, which a Bitcoin-opposing friend just sent to me with the subject line, "An damning indictment" -
http://www.techmeme.com/131219/p3#a131219p3
I responded with this:
The network, the infrastructure, and the community behind Bitcoin is hardly a "magical thought" (Here's the definition of that concept from contemporary Western psychology: http://en.wikipedia.org/wiki/Magical_thinking)
Two weeks ago, there was very good debate about Bitcoin -
Ultimate Bitcoin Showdown - Posted Dec 2, 2013 - [30:14] - Goldbug/dollar-skeptic Peter Schiff vs. Erik Voorhees, Bitcoin entrepreneur formerly of BitInstant (https://www.bitinstant.com/), now of Coinapult (https://coinapult.com/) - http://www.linkedin.com/pub/erik-voorhees/b/804/385
I'll post the link to the full video below, but I first want to quote from it:
As Voorhees says, gold-backed digital curencies have been attempted and were then quickly shut down by the gov't. He later says (at 9:20), "[Bitcoin] could absolutely go to zero and the whole thing is completely experimental right now. So I'm not here to say that Bitcoin is a good investment. What I'm here to say is that the Bitcoin payment network is one of the most important technologies that has ever been invented, and it's important to understand that there is value in that technology [and] it's important to understand why that technology is so useful to people, especially people who care about liberty around the world." And he explains later that this infrastructure cannot be reproduced easily...even if Bitcoin is not the winner of the crypto-currency market competition. He also compares the hardy vitality of P2P currencies to that of P2P file-sharing. The free, independent Napster file-sharing service was launched in June of 1999 an rocketed to popularity, but the shutdown of it in July of 2001 was not exactly the end of free P2P music-sharing... In fact, just going by the services that I can just recall fellow college students using at the time, there was:
SoulSeek (launched in 1999/2000)
Gnutella (early 2000)
BearShare (December 2000)
Morpheus (2001)
Kazaa (March 2001), and
LimeWire (May 2000).
And of course there are the file-sharing services that are popular today, from Dropbox to these:
http://www.ebizmba.com/articles/file-sharing-websites
to these:
http://en.wikipedia.org/wiki/Comparison_of_BitTorrent_clients
Now. As far as digital crypto-currencies today, there's Litecoin, Peercoin, Namecoin, Quark, Protoshares, Worldcoin, Megacoin, Primecoin, and Dogecoin, and dozens other listed here, totaling in 54:
http://coinmarketcap.com/
The point that Voorhees makes about the pooled inventiveness and ingenuity of the crowd reminds me of something both revolutionary and prophetic that was said by John Gilmore (an American computer science innovator, Libertarian, Internet activist, and one of the founders of Electronic Frontier Foundation). He said:
"The Net interprets censorship as damage and routes around it."
-As quoted in TIME magazine (6 December 1993) (yes, 1993!)
http://en.wikiquote.org/wiki/John_Gilmore
Furthermore, on a separate note, the media angle that Bitcoin is practically "over" because of China blocking it (which that same friend was gloating about), here's all I have to say as well:
Here's a list of enterprises that were hardly destroyed after being banned in glorious all-powerful China:
Facebook, YouTube, Twitter, Wikipedia, WikiLeaks, and the New York Times' online edition (and a few others, named at the following links) were each NOT blasted into nonexistence by the force of "the Golden Shield Project," which we Americans call "the Great Firewall." Yup, Bitcoin is "over"!
References:
https://en.wikipedia.org/wiki/List_of_websites_blocked_in_China
https://en.wikipedia.org/wiki/Censorship_of_Wikipedia#China
http://www.nytimes.com/2012/10/26/world/asia/china-blocks-web-access-to-new-york-times.html?_r=0
https://en.wikipedia.org/wiki/Internet_censorship_in_the_People%27s_Republic_of_China
Hey, but waddaya know - Some of the 1,350,695,000 people in The People's Republic have ways around that censorship, as do the millions of people in so many other Internet-censoring countries:
https://en.wikipedia.org/wiki/Internet_censorship_in_the_People%27s_Republic_of_China#Evasion
http://en.wikipedia.org/wiki/Internet_censorship_circumvention#Software

Here's the full video of the Bitcoin debate:
http://www.youtube.com/watch?v=7mUn-d8R98k
Edit/Follow-up: To extend the analogy of P2P digital currencies and P2P file-sharing (and most notably, music-sharing), what would be the currency equivalent of iTunes, which came ou in January 2001? Will JPMorgan's crypto-currency project (as I saw here, and it was downvoted to hell: http://www.reddit.com/Bitcoin/comments/1sp6hh/jpmorgan_is_looking_to_copy_bitcoin_and_the_coin/), even though it was initially rejected 175 times, find some way to charge/surcharge people small amounts at a time for usage (a la iTunes' 99 cents per song), in traditional-bank-style?
submitted by wazzzzah to Bitcoin [link] [comments]

Dan Gallancy - Giving Away Bitcoin on Coinapult Coinapult Director on Bitcoins & iGaming Coinapult Locks Electrum plugin demo Coinapult Interview

Bitcoin News Network. Resources. Bitcoin Calculator; Bitcoin Price Converter; Ethereum Profit Calculator; Buy Bitcoin on Coinbase; What is Blockchain Technology? What is Bitcoin (BTC)? What is Ethereum (ETH)? What is Bitcoin Cash (BCH)? Best Bitcoin Wallets; Log In; TAG. Coinapult. News. NYDFS Gives Swifter Replies to BitLicense Applications. BTCNN-December 11, 2018 0. In 3 years, the New York ... Coinapult charges no fees for using the locking service, and does not sell bitcoin to consumers. At the point a user locks in a value or unlocks the value of their BTC, Miller explained, Coinapult ... Coinapult will be tackling the US market following a services integration with Crypto Capital, a licensed money transmitter. Bitcoin Firm Coinapult Opens to US Market News Learn Videos Research Coinapult is Bitcoin wallet known for its “Locks” feature that allows users to peg the value of bitcoins to other assets, like dollars, gold, or silver. History. Coinapult was founded by Erik Voorhees and Ira Miller in 2012. The company was the first to allow Bitcoin wallet functions through email and SMS. Locks Coinapult is doing a thorough investigation into a recent theft of 150 BTC, worth roughly $40,000 at the time of theft, from its hot wallet. According to its website, Coinapult offers a bitcoin wallet with enterprise-grade security. Its “lock” offering shelters bitcoin holders from price volatility by locking holdings “to stable assets like Gold or USD.” …

[index] [34580] [26833] [27438] [34264] [12706] [2037] [15518] [38674] [11026] [37930]

Dan Gallancy - Giving Away Bitcoin on Coinapult

Dan Gallancy - Giving Away Bitcoin on Coinapult CoinDesk. Loading... Unsubscribe from CoinDesk? ... Kitco NEWS 238,321 views. 20:47. Pastry Chef Attempts to Make Gourmet Snickers Gourmet Makes ... Choose your Bitcoin Wallet - An in-depth review of BitcoinQT, Electrum and Multibit - Duration: 27:32. Secure Your Wallet 24,297 views Coinapult have been pioneering Bitcoin technology since 2011 and are proud to present you with robust payment tools like our simple web Wallet, Bitcoin by em... http://calvinayre.com/ - Becky Liggero talks Coinapult director Gabriel Sukenik, about their company's services, and why bitcoins are very important in the o... Coinapult Interview BitGameLabs - Duration: 7:03. Coinapult 292 views. 7:03 . When do you Sell Gold, Silver and bitcoins? - Duration: 5:16. davincij15 7,472 views. 5:16 🔴 [LIVE] Bitcoin Halving ...

#