Binance CEO says Twitter hack has worked as a massive ...

@cz_binance: “Bitcoin hack?” No, bitcoin didn’t get hacked. The hackers want bitcoin, because it’s valuable. When bank robbers want cash, it’s not called a “cash robbery”. It's a bank robbery. "Bitcoin scam?" No, bitcoin didn’t scam anyone. Do we have to explain this every time?😂

@cz_binance: “Bitcoin hack?” No, bitcoin didn’t get hacked. The hackers want bitcoin, because it’s valuable. When bank robbers want cash, it’s not called a “cash robbery”. It's a bank robbery. submitted by rulesforrebels to BinanceTrading [link] [comments]

Crypto market decline — Problem or Opportunity?

Crypto market decline — Problem or Opportunity?

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In the past 3 months, Bitcoin lost around 40% of its value. A pretty annoying fact for the holders, however, for those out of the market, such period can become a comfortable entry point.
Bitcoin has existed for 10+ years, still, it is a challenge to buy it with a debit/credit card. The main problem is extremely high fees (can be as high as 20%!).
In this article, we have collected and compared several popular services that allow you to buy crypto with a bank card.

“Unbridging the gap”

Sadly, some of these services try to take advantage of inexperienced users and charge sky-high fees. Behind neat interfaces and straightforward user flows lie extremely unfair exchange rates. You can lose as much as 12–18%.
The brightest representatives of such services are Changelly and Indacoin. Please be careful! Always check exchange rates before making a transaction.
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Crypto industry still in “infancy” stage

Another way to buy Bitcoin with a bank card is to set up a crypto wallet or a crypto exchange account. Fees here are lower but can be significant too. Still, the majority of wallets and exchanges do not offer this feature.

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An additional inconvenience is that most of these services have a minimum fee. Meaning that you will pay a much higher percentage on small deposits.
For example, if you deposit 50 EUR on Binance, you will pay a minimum fee of 10 EUR, which is 20% of your deposit. To surpass a minimum threshold, you have to deposit more than 286 EUR, which is not always a sum you’re willing to spend.

Our solution

Good news! All these problems are solved on the Blackmoon Platform! We offer you fast and easy bank card deposits with favourable conditions. Our advantages:
  • below-market fee (3%)
  • no minimum fee (no 20% robbery)
  • no minimum deposit (invest any comfortable for you amount)
In fact, the Blackmoon Platform has a 0% deposit fee. The commission is charged by a payment processor. Please beware when using any listed above service that additional foreign exchange-related fee might be charged. Usually, this fee is taken by the card-issuing bank.
Start investing now!
The process is simple and straightforward:
  • Login to your account,
  • Go to the “Dashboard” section,
  • Click on the blue “Deposit” button in the right up corner,
  • Choose the deposit option: credit/debit card;
  • And follow easy steps to complete your transaction.

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One more benefit of our solution is that you don’t need to buy crypto right away. After funding your account with Euro, you can wait for better prices as long as needed. The best way to do this is to place a limit order at the desired price. The order will be executed automatically when the market price reaches your order price. Please, read more about trading in our FAQ.

Upcoming Gram Listing

Telegram Open Network October launch was recently confirmed by Telegram. Grams will become tradable on Blackmoon Exchange right after the launch. Great news! Blackmoon will provide users with an opportunity to buy Grams via bank cards, which, especially in the early months, will be a truly unique offer.
Currently, we are working hard on adding other payment methods to our platform. This includes bank card withdrawals. Subscribe to our social media channels below, and we will keep you informed regarding any further news and developments.
DISCLAIMER
Subject to regional restrictions and terms of use.
Due to the fact that digital currency and digital token markets are unregulated and decentralized, the provision of our services is not governed by any investor protection rules. Investment in digital currency carries a high degree of risk and volatility and is not suitable for every investor; therefore, you should not risk the capital you cannot afford to lose. This post is for information only and does not constitute solicitation or investment advice.
submitted by jbustamovej to BlackMoonCrypto [link] [comments]

The Importance of Identity Management in Blockchain

By Semaj Rakao
Identity Management is a form of IT online security that is the ability of authenticating different individuals or groups (customers, colleagues, any group etc) digitally and controlling whether they have access to particular applications or systems.
The main goal of Identity Management is to ensure only authenticated users are granted access and permissions to the right resources at the right times and for the right reasons. It addresses the need to ensure appropriate access to resources across many digital environments.
As an example of failed Identity Management, hacks of Bitcoin in South Korea (Bithumb and CoinRail) and the hack of Japan’s Coincheck exchange both consisting and resulting in millions of dollars in stolen currency. It is imperative that for any cryptocurrency exchange to be successful, all transactions must be completely secure and authenticated on the blockchain.
There are many different ways to manage identities some better and more secure than others. With the South Korean Bithumb hack of over $31 million, days before the hack security teams were warned that a number of unauthorized access attempts increased. As such, an urgent server checkup was conducted and at the same time Bithumb also started moving users’ assets to a cold wallet to store cryptocurrencies in a more secure offline environment however this was too late…
In the case of South Korea’s Coinrail, Korea Internet & Security Agency, who carried out the investigation with police, said only four of the country’s largest exchanges are subject to the Information Security Management System certification (ISMS) requirement and Coinrail is not one of them. This is an example of where smaller exchanges such as these do not have enough security and the security they do have in place is not compliant with government regulations (amazingly many are not required!)
Japanese cryptocurrency exchange Zaif had been hacked, with losses of Bitcoin and two other digital currencies estimated at about $59.67 million. Also The Japanese cryptocurrency Coincheck was hacked over $530 million dollars! In both exchanges security was unregulated so there are no protocols in place to create an environment in which these exchanges overall security are updated.
While blockchain technology has been long noted for its security, under certain conditions it can be very vulnerable. Sometimes bad execution can be blamed, or unintentional software bugs. Other times it’s more of a gray area, the complicated result of interactions between the code, the economics of the blockchain, and human greed. In total, hackers have stolen nearly $2 billion worth of cryptocurrency since the beginning of 2017 and that’s just what has been revealed publicly.
Most of the recent headline-grabbing hacks weren’t attacks on the blockchain themselves, but on exchanges, the websites where people can buy, trade, and hold cryptocurrencies. And many of those robberies could be blamed on poor basic security practices.
In both South Korea and Japan’s crytptocurrency hacks, it was the managing of the security of servers as well as the security of identities on the server of the users that were hacked. These cases show how important security and Identity Management is to any exchange.
While most cryptocurrency exchanges have avoided government regulations and some pride themselves on anonymity there is one company that since it’s beginning has focused entirely on transparency.
Yezcoin is a new startup blockchain and cryptocurrency exchange that’s primary focus is user and transaction transparency.
Many have questioned as to why Yezcoin would want to require transparency in a cryptoexchange? Or more importantly why, for a startup ICO, would Yezcoin want to avoid taking illicit funds like most other cryptoexchanges?
One reason and one reason only says creator of Yezcoin Mongkol Thitithamasak,”Honesty!”.
Yezcoin has had mixed responses and feedback about their approach to transparency within this new industry but Yezcoin is still moving forward toward it’s ethical vision.
It is surprising at the low-level compliance requirements of the leading exchanges such as Binance, Huobi, and OKEx. For example, Binance has only recently requested potential customers provide a copy of their passport during their sign up process following a number of complaints about the exchanges lack of security which had made it a haven for criminals to divide their stolen coins into smaller undetectable portions by using multiple accounts. Huobi has added more stringent certification to its sign-up requirements but does not verify mobile phone details. At least, as opposed to Binance and Huobi, OKex requires a passport and utility bill but still shows a facetious attitude to KYC and are still not as focused on transparency.
Yezcoin is a Blockchain Exchange that focuses on providing solutions to allow Blockchain companies to comply with Know Your Customers (KYC) and Anti Money Laundering (AML) rules. These compliances among many different countries are the most trusted amongst banks and other financial institutions throughout the world.
Another goal of Yezcoin says Mongkol Thitithamasak “We are trying to help to create a positive image of Blockchain technology so that the Blockchain community can gain confidence, trust and support from Government and Venture Capitals to further mature Blockchain technology and its applications.”
The future of cryptoexchanges will require more government understanding and regulations. Identity Management security is the most important thing in any Centralized, Decentralized or Hybrid Exchange. It insures trust amongst individuals and groups to execute transactions.
The future of trust in these exchanges might be just as simple as Yezcoin creator Mongkol Thitithamasak says it is “We want to be a pioneer in KYC and AML compliance as well as complete transparency and honesty”. Unlike other exchanges Yezcoin goes to great lengths to insure identity authenticity and helps Combating Financing Terrorism (CFT) . Yezcoin has several products and services in development which Mongkol says “will help bring businesses and communities together securely. “
Yezcoin currently has an Airdrop program where you can get 250 YEZ for completing the KYC and AML registrations and posting on various social media platforms. For full details READ MORE.
Trust in Identity Management is going to be the emphasis of future cryptoexchanges. How these companies manage the bumpy road of security among its users while providing transparency and compliance as emerging standards of KYC and AML as the technology grows will be what separates the different exchanges and layers of trust in their uses.
submitted by JTGuitar7 to u/JTGuitar7 [link] [comments]

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BITCOIN UNSTOPPABLE! RIGGED CENTRAL BANK END GAME AND THE ...

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