Alex Morris

New York AG Report on Cryptocurrency Exchanges Shows Concerns Over Market Manipulations

New York Attorney General accuses Kraken of breaking the law
New York AG Report on Cryptocurrency Exchanges Shows Concerns Over Market Manipulations

According to a Bloomberg report, New York Attorney General Barbara Underwood has recently stated that three crypto exchanges are not operating legally in the state. Notably, such big-name crypto companies as Binance and Kraken are among them.

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You’ve been warned

In her statement, the AG claims that the transparency of investment should be of paramount importance when it comes to trading (whether it would be traditional institutions in the likes of NYSE or newfangled cryptocurrency exchanges). Underwood believes that many platforms that facilitate trading digital assets still lack integrity in their policies, which jeopardizes their users’ safety.

Back in August, Underwood put the 13 major cryptocurrency exchanges that operate in New York under intense scrutiny, requesting the data related to their operations and all the measures that are taken by these firms to protect their customers from rampant market manipulations. Kraken, the 14th biggest exchange in the world, did not participate with its CEO Jesse Powell publically calling this inquiry “insulting” on Twitter.

Earlier, Kraken left the New York jurisdiction in 2015 due to the onerous nature of BitLicense requirements.     

Proprietary trading concerns

Another matter of concern, according to Underwood, is that some exchanges are wont to practice proprietary trading (when the company trades currencies with its own money). According to the aforementioned report, the San Francisco-based exchange Coinbase has over 20 percent of its volume inextricably connected to proprietary trading. The AG says that it poses a risk for customers since one source has too much leverage over the liquidity of a certain asset.

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🤷 Opinions Katya Michaels

Facebook Token: Can the Media Giant Disrupt Itself? Expert Opinion

Opinions
Facebook’s flirtation with Blockchain may drive mass adoption, but would that be enough to fix everything that’s wrong with the platform?
Facebook Token: Can the Media Giant Disrupt Itself? Expert Opinion

Facebook has been facing a great deal of pressure recently, both from the public and the US government, regarding its exploitation of user data. In the aftermath of Mark Zuckerberg’s Congressional hearing, decentralized platforms have been seizing the opportunity to capitalize on Facebook’s failures and deceptions, highlighting the advantages of storing personal data on the Blockchain.

Friday’s news of a possible Facebook token launch may have a dramatic effect on the scenario of centralized social media disruption. One of the major issues faced by Blockchain startups and decentralized platforms is the rate of adoption – and if Facebook can beat potential competitors to the punch, it could retain the social media hegemony that decentralized network supporters hope to dissolve.

A rising tide lifts all boats

Some members of the community reacted to the news with enthusiasm. Mick Hagen, CEO and Founder of Mainframe, a decentralized communications protocol that has recently been in the spotlight with ambitious and creative airdrops throughout Asia, believes Facebook’s access to a two billion audience will promote worldwide exposure to cryptocurrency and Blockchain technology. Hagen commented on Facebook’s move toward tokenization:

This is a really exciting development. It further validates that blockchain technology is here to stay. They are disrupting themselves before someone else – it's smart... This will bring a lot of new movement and momentum. A rising tide lifts all boats – this move from Facebook will help the entire ecosystem grow.

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Not even Facebook can deny the power of decentralization

Others are more cautious, given Facebook’s history with user data and the fundamental differences between decentralized and centralized networks. Bill Ottman, CEO and Co-creator of Minds.com, a crypto social network that has been a harbor for disillusioned Facebook and Twitter users since 2015, is doubtful that Facebook can adopt Blockchain in its true sense.

Facebook's blockchain application will only have any potential value if it is fully free and open source software (which it really can't be unless Facebook open sources all of their code), has fair token economics and exists on a truly decentralized blockchain as opposed to a more centralized one. In reality, blockchain itself will never fix Facebook's deep underlying unethical practices. A total corporate and techno overhaul would be required, and even that can't fully undo the damage they've already caused.

At the same time, Ottman recognizes that Facebook’s move to get onboard with Blockchain shows the growing power of free software and the decentralization movement.

At the end of the day there's room for a diversity of dApps and the best will inevitably rise to the top.

Two roads diverged

If Facebook could give its two billion users the advantages of a true decentralized Blockchain economy on a platform that they are already using, it might have a chance of beating decentralized social media at its own game and fueling worldwide adoption of the technology.

On the other hand, it may turn out to be a case of “teaching an old dog new tricks,” or worse – “a wolf in sheep’s clothing,” adding to the misunderstanding of and disillusionment with Blockchain technology by the public. Only time will tell which scenario will come to be realized.

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📈 Pricewise Vaido Veek

BTC & BCH Has Found Short-Term Bottom, Ripple Exploded: Crypto Price Analysis, Sept. 19, 2018

Pricewise
Bitcoin respected our mentioned level and is currently on the triangle after the bullish momentum Ripple exploded, Bitcoin Cash has found a “Double Bottom”
BTC & BCH Has Found Short-Term Bottom, Ripple Exploded: Crypto Price Analysis, Sept. 19, 2018
Contents

*** Please note the analysis below is not investment advice. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of U.Today. Every investment and trading move involves risk, you should conduct your own research when making a decision.

Bitcoin respected our mentioned level

The whole market made a short pump upwards. This was due to the fact that BTC bounced upwards from our mentioned level at $6,250. BTC’s move pulled all the altcoins upwards as well and like we said the whole market got pretty nice bullish momentums.

Bitcoin respected our mentioned level

From a technical perspective, Bitcoin now trades above the major counter trendline which is pulled from Sept. 18. The bounce from $6,250 made a scarcely higher low which is good for the price structure and will indicate that we are still in the short-term bullish market.

Currently, we are on the chart pattern, slightly in the bullish "Ascending Triangle.” If we break upwards then we could see another leg up to the important resistance levels. The next and first resistance would be around the April low, in the one-hour chart there is 200 EMA and in the four-hour chart there is 50 EMA.

If we don't find the power to break through from the triangle upper trendline then the first bearish sign will be when we get a candle close below the counter trendline. After that, we might go and retest the strong area at $6,250 but nothing can be confirmed before we see a candle close below the counter trendline.

Ripple (XRP/USD) exploded

Yesterday, when the whole market started to pump upwards, Ripple just exploded. We’ve discovered the bullish chart pattern (Inverted Head & Shoulders) on the XRP/USD chart and it even made five percent in minutes! The detailed post is here: (https://www.tradingview.com/chart/XRPUSD/aWWYaTLf-RIPPLE-XRP-USD-Inverted-Head-and-Shoulders/)

Ripple (XRP/USD) exploded

Currently, it has made a little bit over 18 percent growth since we discover this momentum and now we could see another move upwards if we can break above the bullish "Ascending Triangle" upper trendline/support. Our main target is the round number $0.4 but we could see stops around $0.35 and around $0.38. This move upwards should also be supported by Bitcoin, BTC has to at least hold the current price and can't break below the counter trendline, if it manages to hold this then Ripple definitely starts to climb higher.

Bitcoin Cash (BCH/USD) “Double Bottom”

After the pump on the market, BCH shows us bullish momentum, it was supported by the “Double bottom” chart pattern.

Bitcoin Cash (BCH/USD) “Double Bottom”

The 2018 low support level is around the $400 level and as you can see on the chart we made a bounce upwards from there and this bounce creates a "Double bottom" chart pattern which indicates that we may see a move upwards but again it is all based on what BTC does! If it finds the short-term momentum to break above the triangle then we have a nice platform on the BCH chart as well.

The target would be the next round number of $500, criteria:

1. The major trendline, which is pulled from the wicks on the four-hour chart since Jan. 11, 2018

2. The round number of $500 starts to work as a resistance

3. Fibonacci retracement 38 percent

4. Fibonacci extensions from the current waves are between 141 percent and 162 percent

If BTC starts to show a weakness then we could see that BCH follow this move and the bearish confirmation would be a candle close below the $400 level. A candle close below the 2018 low level and below the round number will guide us to the drop and the main target would be $300.

Technically a good place for the price reversal (at least short-term):

1. The minor trendline since Nov. 16, 2017

2. The round number of $300 starts to work as a support

3. Fibonacci extension 141 percent pulled from July 24 to Aug. 14.

Both, the upward target and the downward target, are in the crossing area. If some price action criteria match each other then it will make this area much stronger.

📈 Pricewise
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David Dinkins

US Government One of World’s Biggest Sellers of Bitcoin

It turns out that the US government has a substantial hoard of Bitcoins, and over the years has become one of the biggest sellers of the digital currency.
US Government One of World’s Biggest Sellers of Bitcoin
Contents

The identity of the top Bitcoin seller in the world might just surprise you: it’s likely the U.S. Marshals Service. Following a number of raids and seizures in the past year, the U.S. government is currently sitting on well over $1 bln in Bitcoins. In fact, just one seizure alone — 100,000 Bitcoins from the alleged head of Infraud — accounts for over a billion dollars.

Government records show scores of other Bitcoin seizures, including the currency belonging to the deceased head of AlphaBay, who committed suicide following his arrest. His seized wallet is one of many — small and large — controlled by the US government. Other seizures include 222 Bitcoins from a Texas drug dealer, 50.44 Bitcoins from a couple that ran a drug selling website, 99 Bitcoins seized from a criminal in Salt Lake City and many more.

Silk Road

The most famous Bitcoin seizure of all is, of course, the personal fortune of Silk Road kingpin Russ Ulbricht, the so-called “Dread Pirate Roberts.” Ulbricht founded and ran the Dark Web site specializing in drug sales and other illicit offers. Secret Service officers tracked him down to a university library, staged a fight behind him to distract him, then seized Ulbricht’s open and unlocked laptop. In doing so, they confiscated 175,000 Bitcoins.

The Marshals Service auctioned off the Bitcoins in several large lots, selling them for an average price of $379 each. One of the buyers of the auctioned coins is Bitcoin magnate Tim Draper, who has no plans to sell them any time soon. The Marshals Service must feel a twang of regret; had they HODLED and sold last December, they would have netted over $2 bln, enough to cover their entire annual budget.

Black eye

Of course, federal law enforcement agencies were embarrassed, to say the least, when they discovered Secret Service agent Shaun Bridges and DEA agent Carl Force had become criminals themselves. During the investigation of Ulbricht, they had stolen some of his Bitcoins and had attempted to extort more out of him. When that didn’t work, the two posed as hitment and staged a fake execution to scare Ulbricht. Both agents pled guilty in 2015.

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Darryn Pollock

Microsoft Takes Another Step With Blockchain, Working on Decentralized Identity Systems

Microsoft is growing keener on Blockchain indicating plans to use decentralized identity systems.
Microsoft Takes Another Step With Blockchain, Working on Decentralized Identity Systems

Having already released the Confidential Consortium (Coco) Framework, an Ethereum-based protocol which commercial companies and large-scale organizations will be able to utilize to process information on the Ethereum Blockchain, Microsoft is working on decentralized Identity Systems.

Its new step with Blockchains sees the software giant building towards the support of Blockchain-based decentralized IDs (DIDs) through the Microsoft Authenticator app.

Removing censorship

One of the biggest potentials seen in the Blockchain is the idea of a decentralized Identity. Currently, people’s identities are in the hands of a single controlled centralized identity, such as a government or large tech company.

With a decentralized identity, that control is removed and in the case of the Blockchain is totally autonomous and not subject to any misinterpretation or censorship.

There are other ways in which to enable decentralized identity, but Microsoft has decided to throw their weight behind Blockchains as this new and relatively untested technology holds a lot of promise.

Some of the biggest draws for Microsoft include privacy, self-ownership and permissionless access, which are all key values in a decentralized identity.

Belief in Blockchain

Microsoft confirmed their interest in going with Blockchain in an announcement:

“After examining decentralized storage systems, consensus protocols, Blockchains and a variety of emerging standards, we believe Blockchain technology and protocols are well suited for enabling Decentralized IDs,” today’s announcement post from Microsoft said.

The tech giant went further to single out a few Blockchains it was looking at in order to effect this system. They include Bitcoin, Ethereum and Litecoin as potential foundations for these ‘DIDs.’

There are already a number of Blockchain projects directed at Identity out there already, but Microsoft’s entry into the market could cause a bigger splash as the tech giant utilizes some well-known chains with its own major backing to get their project ahead.

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SingUlarity Aliya Prokofieva

Do you want to live forever? Opinion

SingUlarity
Humankind is chasing the dream of immortality
Do you want to live forever? Opinion
Contents

Aliya Prokofieva is founder of the international space company “Galaktika,” space exploration visionary and active public speaker. She writes for U.Today on the cutting edge tech and disruptive projects that may change the life of billions of people.

The means of Makropulos, a pill of longevity, secret knowledge, ancient witchcraft, legends of the Countess Bathory and the cult novel of Brem Stoker, "Highlander", "Immortal", "Lord of the Rings", "Zardoz" and many other films and books tell about, perhaps, the desired phenomenon for mankind - about IMMORTALITY.

Perhaps absolute immortality is pure fiction ... Well then, at least, life could be several times longer than is available today. And, if possible, maximally delay the old age and stay forever young! This eternal desire is now being sought out by specialists from medicine, cosmetology, genetics, biochemistry, biophysics and various figures of the occult sciences. Computer games gave this movement an invaluable idea- spare lives. Spare organs and systems are replaced as they wear out their own.

And it should be as simple as changing the oil and filters in a car. Images of the future are depicted, where the latest technologies and discoveries of scientists will allow to live for hundreds of years, changing the worn parts of the body to new ones, the achievements of nanogenetics will fundamentally change the functioning of DNA and RNA, which will lead to a sharp slowdown in aging and body wear. A new, sparkling world…

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Start with the basics

Let’s start with genetics. Scientists have found out that human chromosomes have their own system responsible for stability. A kind of seat belt for chromosomes, which prevents unwinding and damage to gene chains. This enzyme is called terminal telomerase. There is a hypothesis that the wear of telomerase over the years leads to irreparable gene changes, cells are replicating worse and worse, many defects appear- this is aging. Natural death occurs when a critical mass of "errors" in replication accumulates. And for all this, the terminal telomerase responds. Here it is, the goal of research and study, you simply need to fix this enzyme and life will last as long as it will be uninterruptedly to perform its telomerase function! But is everything so simple? There are hundreds more questions than answers, many laboratories in the world are dealing with this problem, but the solution and implementation is still very far…

Stepping towards prolonging life will help nanotechnology. Not those on which the state corporation spends budgetary billions, but the creation of nanorobot repairers. This topic is widely represented in modern fiction, one of the first was the film "Innerspace", where the hero was reduced to the size of the red blood cell, and he traveled on the human circulatory system on a special nanosubmarine. Such microscopic automatic repairers will be able to "repair" cellular damage or remove the incipient cancer when it is represented by just a couple of three incorrect cells. And this is no longer a fantasy out of reach, MIT scientists have already used experimental nanorobots to destroy ovarian tumors in experimental laboratory mice. How would you react to the fact that you will be injected into a vein with a solution containing thousands of microscopic doctors that will spread all over your body, conduct a total screening, identify the problems and then proceed to "repair"? While no one still knows if it will hurt .

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Copy and paste

The next method is the cultivation of organs to be replaced. And here come into play the ubiquitous 3D printers! Yes, the organs will be printed in accordance with the biological scheme from the donor cells or the patient's own cells. Cells are taken from the body, a live culture is grown in special conditions and a nutrient medium, and then the desired organ is printed from this biomass. At first glance - it's easy! But while the technology has not been worked out yet and years of research still need to be done... Imagine a malignant smoker with lung cancer can simply replace the trachea, bronchi and lungs. Exactly as in the film "Constantine", where Keanu Reeves gets a completely new respiratory system????.

Cloning. Since cloning the lamb Dolly, only the lazy one has not discussed the possibility of growing "spare" organisms by cloning. It's so cool- you live and you have a spare body in the warehouse. Expensive? Seems insane, but this is an excellent way out! The spare body, "Products", as it was called in the movie " The Island", at the right time, you can take out the liver, kidneys, heart or spine. But in the "Island" clones were not just alive, but full of thinking and feeling copies of their "sponsors." And the cruel corporation actually killed clones for the sake of transplantation of absolutely identical organs.

The moral conflict in the movie was decided by the revolution, but what about in real life?

The ethical problem of human cloning is still not solved, years of legal, theological and medical battles are coming up for developing a common point of view on human cloning. The UN, WHO and criminal responsibility in many countries of the world for the work on human cloning is in effect, but the evidence and effectiveness of this method will necessarily lead to some mutually acceptable solution that will satisfy all aspects of the process- doctors, patients, lawyers, legislators, clergy and the public.

My choice is none of the tools listed above...

And yours?

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