Binance reportedly suspended its trading services due to irregular transactions with a token on its platform. The report indicates that one Syscoin was purchased for 96 Bitcoin on the exchange.
On early Wednesday 04 July, Syscoin announced on Twitter that it noticed potential issues with its system and asked Binance to suspend trading of SYS token. But hours after an investigation that it has come across “odd trading behavior coupled with atypical blockchain activity”.
Moreover, Binance indicated that one Syscoin with a value of $0.453290 was being sold for $6.23 million worth of 96 BTC on the exchange. However, soon after the trade was suspended, Syscoin price was shot up to 85% in value, shows coinmarketcap.
Sabastein DiMichele, Syscoin’s co-founder said;
“My understanding is that yes, Syscoin was sold for 96 BTC per unit at one point today. We saw massive bot activity, our community let us know that they were having trouble with deposits at Binance”.
Almost after three hours, Binance released a blog post stating that it has suspended all trading services due its “undergo system maintenance”.
“Due to irregular trading on some APIs, Binance will remove all existing API keys as a precautionary security measure. All API users are requested to recreate their API keys”.
Accordingly, the Syscoin price surged by 100 percent i.e., $0.50, which was again instantly turn down to just around $0.28, according to CoinMarketCap.
Altogether, is it not yet confirmed whether the Binance trade and the upsurge in price are related to the blockchain hack or not.
Great news for CoinEx users— the “Global Digital Coin Exchange”, CoinEx has become the number one cryptocurrency exchange by overtaking Binance Exchange.
For a quite long, it was one of the latest crypto exchange to soar with high ranking and volume — one of the obvious reason was the adoption of controversial new “trans-fee” mining model.
Wonders Will Never Cease — “the Introduction to Trans Free Mining”
According to data from Coinmarketcap, Binance spots on second position. However, the battle to take up the first position was among Binance and OkEx, but CoinEx drop a bombshell when rising with volume $1,5billion. On Controversy, at present time, Binance’s trading volume was $1,258,040,417 and OKEx appears to have $896,583,439.
CoinEx is a popular cryptocurrency exchange from HongKong. Recently, the firm was running on a new model “Trans-free mining” where it was offering/issuing its own tokens (CoinEX Token — CET) as a reward for trading and also reducing the trading cost. However, the introduction of this new model has been an highly potential measures to enhance the trading volume. As such, the other chinese exchanges such as FCoin, Coinbene and Bit-Z risen up to about $1.5 billion within 24 hours when they introduced the model.
Though the model was highly criticized when first introduced by FCoin but more likely an interesting topic for traders. Infact, after introducing this process, the CoinEx has skyrocketed from $5million to over a billion USD
BTCC announced on Monday that it is planning to relaunch its exchange business with a plan to issue its own tokens. It is one of the longest- running and part of three major trading platform in China.
Currently, the BTCC crypto exchange is up and running with new trading pairs including BTC, BCH, ETH and LTC against the US dollar. Besides it also uses crypto-to-crypto trading options.
According to the plan to renew its business, the china based crypto exchange, said that it will be rewarding users. Therefore, with points system on signing up, completing ID verification and continuing trading. Therefore, the rewarded points can be converted into BTCC’s own tokens that further can be used on trading platform, company explained.
The JD Cloud, a subsidiary of China’s largest online retailer JD Group have signed an agreement with cryptocurrency exchange, Huobi to research on blockchain technology and cloud computing.
According to the press release posted on June, 28 the strategic cooperation agreement was signed between Huobi, the crypto trading platform and JD Cloud, cloud computing company. Therefore, the main purpose of this agreement will be focusing on blockchain technology and cloud computing.
During a signing ceremony at Beijing on Thursday, both the companies have signed a partnership to collaborate in different fields, such as;
Research on Blockchain Technology
Applications on Finance
IoT (Internet of Things)
The vice-president and head of JD Cloud’s Product Development Department, Gang He said that JD Cloud’s technical experience and technical advantages in the blockchain field were main reason for the agreement. The company was first initiated on 2014, aims to help traditional businesses adoption to the digital age.
Likewise, Xianfeng Cheng, Huobi’s CTO, spoke about the partnership stating that;
“As a pioneer in the blockchain industry, Huobi has established multiple partnerships with incubators around the world, including China. Their advantages in technology, resources as well as experience will be applying to the next JD Cloud projects”.
An American Travel company, Expedia.com is no longer accepting Bitcoinas the payment. The walk out of Bitcoin payment by Expedia wasn’t the prior notification to users. The Terms and Conditions page shows “Bitcoin payment availability still”.
Expedia.com had been supporting Bitcoin payments since 2014 but the removal of it spread when a post appeared on a Reddit. According to a Reddit user:
Expedia.com, one of the largest sites to book flights/hotels on used to take bitcoin for years… i went on there to look at flights and noticed they no longer accept it. customer support said they stopped accepting it June 10th. that sucks! a lot of us in the tech industry get a portion of our salary in bitcoin and it was really good to use Expedia for flights. i wont be using them anymore!
Juice plus, the network marketing company was founded in 1970 as National Safety Associates by James Martin. It is a brand of dietary supplements made from fruits and vegetables that have been juiced and dehydrated.
Initially, National Safety Associates started out by trading fire directors (smoke alarms) and air and water purifiers through direct sales.
Later, in 1993, it was included as a product line within National Safety Associates. Further in a long run, it was initiated as its own MLM company due of its popularity.
A recent slogan and hashtag for the company reads “Good food, happy kids”
What Products Do They Offer?
The main products offered by Juice Plus are fruit and vegetable supplements. They come in capsule or chewable form in the following blends:
Orchard blend: Fruits
Vineyard blend: Berries
Garden blend: Vegetables
Juice Plus – compensation plan
So, how much the products costs? The cost to join the firm is $50.
Basically, the products costs are quite expensive. The protein and shakes costs around $30 for one package, while the gummies and pills may range from $30 to $70 per month.
Juice Plus compensation plan has a unilevel structure along with a generational backend. Further, you can earn through different commission as mentioned below.
Retail Commissions – Members of juice plus will be rewarded when they will sell their products to retail customers. Besides, once they hit their target, you can earn upto 6% commission on the products.
Network Marketing Commissions – To earn profit by sponsoring members, one must generate at least 90 PV ( personal volume) per month.
Residual Commissions – All residual commissions are paid through a unilevel compensation plan structure.
Final verdict
The company has been working efficiently over a long period of time and I am sure it will continue to do well.
If you wish to purchase a multivitamin, this may be something to consider. Find a product that’s effective and backed by numerous positive reviews.
Hope the review was worth reading and includes all the information you were searching.
South Korean cryptocurrency exchange, Bithumb confirmed that it has recovered half of the losses which had raised from the recent hack of $31 million.
$31 million hack
Announced on June 28, 2018, Bithumb claims that it has recovered nearly half of the funds stolen in a recent hack. According to the reports, Bithumb’s online hot wallet was hacked on June 19, making it to $31 million. At that time, Bithumb temporarily suspended all deposits and withdrawals.
Later on Thursday, the Seoul-based company announced that it has managed to recover more than 45 percent of the stolen funds.
The Bithumb stated in a statement;
“The main reason for the reduction of the damage is due to the ongoing participation, support and cooperation of cryptocurrency exchanges and cryptocurrencies foundations [sic] across the world. Also our quick response to the cyber-attack by removing cryptocurrencies. Thus from hot wallet to cold wallet effectively contributed to reducing the overall damage”.
The crypto exchange said that the recovery was possible through collaboration with other cryptocurrencies exchanges. However that tracks down the hackers’ activities and ensuring that the funds were return to their original wallets. Further, it also claimed that instant transfer of coins from its hot wallet into cold storage. However, helped to hold back any damages.
The recovery announcement outlines that 11 cryptocurrencies were stolen. Therefore, in which $12.3 million Bitcoin was taken and Ethereum worth of $965,000. Although, even before recovering these funds, Bithumb vowed that it would fully compensate users out of its reserves. But then, the withdrawals were still frozen at the exchange and still advice users regarding deposits and withdrawals.
Despite the present conditions and status of hack recovery, the South Korea’s second largest exchange is still online and available to users. Bithumb holds world’s 10th and second largest cryptocurrency exchange in South Korea of daily trading volume about $131 million.
Cryptopanic is a News aggregator platform that helps users and traders understand price movements for the cryptocurrencies they hold or are trading. It is common knowledge that prices change every day for cryptocurrencies and it could take time to understand why they are falling or rising. Indeed, it would take you to for instance carry out research by scrolling through many crypto news sites and/or social media.
Besides news, you also receive an update on prices for major cryptocurrencies. This shows on the right border of the page. This feature allows you to track news for each of the cryptocurrencies. Thus you can use CryptoPanic to avoid the panic in the general crypto market but also in individual crypto markets and community.
Cryptfolio portfolio tracking tool that allows users to track more than 1,567 cryptocurrency including Bitcoin, Ethereum, Ripple, Litecoin, Dash, Zcash, Tezos, NEM, NEO, IOTA, Monero, Ethereum Classic, OmiseGO, SNT, Qtum, Iconomi, Dogecoin, Golem, Waves, Stellar, DigixDao and others. It is available for Android and iOS.
The tool supports a variety of mining pools including BitMinter, BTC Guild, CryptoPools DGC, CryptoTroll DOGE, D2 WDC and Econining Peercoin among others.
With it, you are able to track your portfolio and prices of all cryptocurrencies in one place and on-the-go. Cryptfolio also supports 160 fiat currencies and 383 Ethereum tokens. In addition to supporting all the major crypto exchanges, Cryptfolio also supports more than 20 crypto wallets.
Cryptocompare Portfolio allows you to create and track your portfolio for the many cryptocurrencies out there. It lets you monitor all markets and streams data in real time. In addition to that, it is an interactive platform that allows discussing the latest cryptocurrency trends.
CoinManager ticker app offer tools that help you buy and sell more than 1100+ cryptocurrencies. It allows you to see all your assets spread in various exchanges at once. With the app, you are able to check price and charts. You can as well receive alerts by pushing alarm or ringtone. The other feature is sharing information on BTC in the chatroom.
It supports more than 5,000 coins including the popular ones: Bitcoin(BTC) Ethereum(ETH), Ethereum Classic(ETC), Ripple(XRP), Litecoin(LTC), Dogecoin, Nem, Stellar, Zcash, Monero, Dash, Iota, Stratis, and Eos.
Currently, it has more than 350,000 users and with more than 350,000 downloads.
CoinFinance allows the tracking of 353 digital currencies. One can use it to track their portfolio and data concerning latest prices and information about cryptocurrencies.
Based in Asuncion, Paraguay, the team consists of designers and web developers. The company defines itself as the equivalent of Google Finance for cryptocurrencies. It makes it easy for users to keep track of crypto data now that there are so many cryptos in the market today.
Cryptagon provides a macro and micro performance overview for your crypto portfolio. Features include automatic integration with Binance, Bittrex, Coinbase, GDAX, Gemini, HitBTC, Kraken, Liqui, or Poloniex.
With this tool, you are able to review the portfolio and holdings, workout versus gains you are yet to get. You can also calculate the rate of return on your investment.
CoinLoop allows users to manage their crypto portfolio. However, it also sets eyes at becoming a one-stop shop for crypto investors. It brings users different news from several outlets, events updates, and portfolio tracking.
Other features include trading analytical tools, market signals and more — all packed in a single user-friendly dashboard. Thus, it helps crypto traders stay on the market top with latest and historical information alike.
Coincap is a leading cryptocurrency site that deals with trading of cryptocurrencies. It is an international market where, in addition to buying, users can track and anticipate market prices to sell later and make some profits.
You can trade more than 500 cryptocurrencies on this site and you do not need to invest a lot of money to start trading on this site. You can try spreading the risks in order to avoid big losses.
It is easy to join and start trading cryptocurrencies on this market. All that is needed is some knowledge and if possible, experience on how to trade cryptocurrencies.
The wallet provider and US crypto exchange, Coinbase has announced on July 28 to set itsnew office in Portland. The new startup will allow users to buy and sell cryptocurrencies and also planned to hire upto 100 people.
After a long storm of hard hitting critics in terms of customer services, Coinbase has finally announced to set up a new office in Portland, Oregon. However, the new set up is said to be centered on customer support, finance, compliance, IT and HR.
Recently, the US based cryptocurrency exchange, Coinbase have been scrutinized with heavy criticisms that it is underprepared and overwhelmed by its growth pace. It has 134 pages totally worth of complaints with the country’s SEC (Securities and Exchange Commission), according to Mashable via a five-month Freedom of Information Act (FOIA) process.
The spokesperson of Coinbase explained that;
“In 2017, the cryptocurrency space experienced a profound uptick in mainstream awareness and growth. […] As part of that, consumer demand for our services increased by 40x and we experienced transaction volumes in November and December of that year that grew by 295 percent”.
The US based FBI (Federal Bureau of Investigation) revealed that it is working on 130 cryptocurrency cases due to increase in illegal activities by crypto payments.
The news broke out at the Crypto Evolved conference in New York by Kyle Armstrong, the FBI Supervisory Special Agent, that FBI is currently investigating on 130 cryptocurrency related cases. According to the report released on Wednesday, the cases are related to crimes such as drug transactions, human trafficking, hacking in which cryptocurrency is a main component.
Kyle Armstrong, in charge of the FBI’s virtual currency initiative stated that;
“The cases ‘threat tagged’ to virtual currencies encompass crimes such as human trafficking, illicit drug sales, and kidnapping and ransom ware attacks”.
The Dark Web
Armstrong explained further scenario; recently there has been uptick in crypto related cases, citing that ‘the opioid epidemic’ has one area where FBI needs to focus on. Approximately, ten percent of drug users make online purchase in illegal digital marketplaces.
During the conference, several officials spoke about how exactly government regulation will help marketplace develop. One amongst, the SEC’s deputy director of the Division of Trading and Markets, Gray Goldsholle points,
“I do feel like there’s a real, growing awareness of how regulation is going to help this market”.
Moreover, the Southwest border of the US has also seen a rapid increase in extortion schemes related to cryptocurrencies. He said that, “threat-tagged” inquiries only make up a “small sliver” of the thousands of cases the FBI has.
The FBI reported that,
“Some of our criminal investigators face the challenge of identifying online pedophiles. Thus who hide their crimes and identities behind layers of anonymizing technologies. Else drug traffickers who use virtual currencies to obscure their transactions”.
Further, Armstrong believes that, potential blockchain makes it easier to track transactions unlike crimes involving cash. On the other hand, cryptocurrencies scenery makes it more difficult to properly investigate a crime.
Binance
Coinpedia | online encyclopedia of digital currency 