Image Image Image Image Image Image Image Image Image Image Image Image

| December 17, 2018

Scroll to top

Top

news.bitcoin.com Archives -

A Look at Some of 2018’s Most Popular Cryptocurrency Traders

December 16, 2018 |

A Look at Some of 2018’s Most Popular Cryptocurrency Traders

Cryptocurrency trading is a popular pursuit, as the fluctuation of digital assets provides plenty of profit-taking opportunities. The volatility gives expert traders enough room to pull in daily profits by carefully predicting price movements. Digital currency fans follow a slew of sophisticated traders online because they frequently publish technical analysis (TA) or short-term outlooks for the crypto markets.

Also Read: Despite 2018 Bear Market, Top Crypto Markets Have Outperformed FANG Stocks Since 2017

Despite the Dips, Cryptocurrency Intra-Day and Swing Traders Made a Lot of Money in 2018  

Here’s a look at the top cryptocurrency traders on Twitter and the TA publishing website Tradingview. The digital asset traders mentioned below have thousands of followers, and often publish their ideas so others can get a glimpse at their trading positions. There’s a lot of money to be made trading cryptocurrencies and there are many people who exchange digital assets for a living. Lots of intra-day and swing traders play the markets for profits every day and any type of movement can make them money. The 2017 digital currency bull run made crypto traders a bunch of capital, with the best even using the 2018 cryptocurrency bear market to make further profits.

Philakone

A Look at Some of 2018’s Most Popular Cryptocurrency Traders

The first analyst on our list is the Canadian cryptocurrency trader Philakone (@PhilakoneCrypto). He’s been tweeting his analysis of various digital currency markets for quite some time and has amassed over 107,000 followers on Twitter. The trader habitually talks about bitcoin trading on a regular basis and explains how he is playing his current position. Philakone says he’s “married to the Elliot Wave Theory,” a form of technical analysis that uses investor psychology, optimistic and pessimistic trends, and price swings that produce market impulses and waves. The method created by Ralph Nelson Elliott is a popular technique used by many cryptocurrency traders. Crypto trader Philakone live streams his technical analysis for coins like BTC, XRP, and BCH.

A Look at Some of 2018’s Most Popular Cryptocurrency Traders
Philakone tweets frequently about cryptocurrency movements and how to forecast swings.

Nick Core

A Look at Some of 2018’s Most Popular Cryptocurrency TradersAnother trader people follow is Nick Core (@Crypto_Core), a day trader and statistician who routinely explains his bitcoin market outlook on Twitter, Youtube, and Tradingview. Core’s analysis gives an overview of digital asset price action and other indicators throughout various videos and the trader also discusses technical positions on the Discord platform. The trader has 33,000 followers on Twitter and almost 7,000 following his Tradingview outlooks. An examination of Core’s published ideas shows the trader will use exchanges like Bitfinex and Bitstamp, with most of his analysis on coins like BTC, XRP, and LTC.

A Look at Some of 2018’s Most Popular Cryptocurrency Traders
Nick Core’s TA videos on Tradingview are quite popular and Core tweets about cryptocurrency markets regularly on Twitter.

Mr. Jozza

A Look at Some of 2018’s Most Popular Cryptocurrency TradersMr. Jozza (@MrJozza) is a well-known bitcoin trader who posts a lot about the market trends taking place nearly every day. For instance, on Friday, Dec. 14, speaking about current BTC/USD trends, Mr. Jozza explains his  “Bitcoin scribble of destiny — Looking for a stop-run below $ 3k, even with this tapered off sell volume” while sharing a chart that shows his short-term forecast. The trader has more than 16,000 followers on Twitter and his posts mostly touch upon BTC/USD market trends.

A Look at Some of 2018’s Most Popular Cryptocurrency Traders
Mr. Jozza is a long-time bitcoiner and trader who frequently gives his analysis of BTC and other cryptocurrency price movements.

Magic Poop Cannon

A Look at Some of 2018’s Most Popular Cryptocurrency TradersOne interesting and popular strategist on the website Tradingview has over 44,000 followers and goes by the name Magic Poop Cannon. The trader’s 500+ written ideas concerning the price of BTC and other market trends have received close to 1 million views to date. Magic Poop Cannon’s TA is filled with descriptions and indicators that show what he thinks will happen with the value of bitcoin over short-term periods. The trader believes he is “the master of the charts” and he posts his TA nearly every day. Magic Poop Cannon is big on writing about BTC, LTC, BNC, and even stocks tied to the blockchain industry like Nvidia.

A Look at Some of 2018’s Most Popular Cryptocurrency Traders
Magic Poop Cannon is one of the most popular BTC/USD analysts on the platform Tradingview.

Excavo

A Look at Some of 2018’s Most Popular Cryptocurrency TradersAnother well-known trader on Tradingview is an analyst who calls himself Excavo. The analyst is Tradingview’s most read BTC/USD strategist and has close to 70,000 followers on the platform. Excavo has written 1,227 technical analysis reports which have captured over 850,000 views. The cryptocurrency trader uses indicators like ‘long’ and ‘short’ positions on Bitfinex and other market trends to figure out whether or not the price of BTC is going up or down. Excavo also has his own trading Telegram channel and he discusses other markets besides cryptocurrencies as well. His last post on “The Unofficial Start of the Financial Crisis” gives a TA reading of the Dow Jones Industrial Average on the brink of a market slump. 

A Look at Some of 2018’s Most Popular Cryptocurrency Traders
Excavo is Tradingview’s most popular analyst on the entire site according to all-time records.

Cryptobull

A Look at Some of 2018’s Most Popular Cryptocurrency TradersCryptobull (@CryptoBull) is a bitcoin and altcoin trader who’s very well known on Twitter, with 173,000 followers on the social media platform. On Saturday, Dec. 15, Cryptobull explained that BTC was slightly below the weekly 200 moving average (MA) and noted “Historically we don’t spend a lot of time here.” The trader is quite humorous in his daily tweets, but in between the slew of cryptocurrency-themed memes, Cryptobull gives his price movement forecasts. Besides detailing some short-term BTC trends last week on Dec. 6, Cryptobull had a survey asking his followers whether or not the “bottom was in.” More than 52% of the 6,472 people polled voted that the “bottom was not in” and BTC prices would likely go lower. Cryptobull focuses his energy on BTC trades.

A Look at Some of 2018’s Most Popular Cryptocurrency Traders
Cryptobull tweets about market sentiment often.

Mr. Swing Trader

A Look at Some of 2018’s Most Popular Cryptocurrency TradersThe cryptocurrency trader Eric Choe (@CryptoChoe aka Mr. Swing Trader) gives his insights on a daily basis to 142,000 Twitter followers. Choe says he makes a “few big trades” per week and claims he can turn $ 1K into “whatever.” The popular Mr. Swing Trade also has a Telegram channel and makes swing trade calls on a regular basis. On Friday, Choe detailed how he trades when he’s “too busy” stating that he plans trades on Sunday, scans 250 coins, identifies up and down trends, sets alerts and retrace levels, enters on pullbacks, and exits at key levels. The trader says he employs this technique for 2-5 cryptocurrency trades per week. Choe’s website and trading group statistics show the trader usually has positions in BTC, XRP, ETH, and EOS.

A Look at Some of 2018’s Most Popular Cryptocurrency Traders
Eric Choe’s trading results he shares on his trading Slack channel.

Xuan Haimmoer

A Look at Some of 2018’s Most Popular Cryptocurrency TradersThe cryptocurrency trader Xuan Haimmoer from Vietnam is a popular author on the Tradingview platform with over 6,000 followers. He’s been a top TA publisher on the charting website over the past few weeks and has published 571 posts on BTC, XRP, EOS, and other cryptocurrency markets. 14 hours ago, Haimmoer provided his analysis for BTC and said he wakes up every morning to look at the screen and watch the market. Haimmoer likes to note the changes that have taken place after his last analysis. The trader uses the Elliot Wave trading method as well, and at the moment his short-term target is between $ 2,800-3,000 per BTC. Haimmoer also runs his own trade discussion channel on Telegram for people interested in his trading reports.

A Look at Some of 2018’s Most Popular Cryptocurrency Traders
Xuan Haimmoer is an up and coming Tradingview analyst from Vietnam who has garnered a bunch of attention over the past few weeks.

Trading Strategies That Are a Bit More Realistic Than Wall Street Bigwigs

There are many other traders that cryptocurrency enthusiasts follow in order to get a perspective of what may or may not happen next within the crypto-economy. Some of them are not even necessarily dedicated crypto traders, but do speak on the market from time to time, like the inventor of the Bollinger Bands technique John Bollinger (@bbands). Other individuals to follow include the Whaleclub administrator BTCVIX (@BTCVIX ), Willy Woo (@woonomic) and the semi-retired cryptocurrency trader ‘฿TF%$ D!’ (@CryptoHustle).

A good portion of digital currency proponents follow traders like the ones mentioned above, because their prognosis is more realistic than that of old Wall Street farts constantly shouting that BTC’s price will be $ 25,000 by the year’s end. These traders have been far more down to earth and a number have successfully called short-term cryptocurrency swings. It’s not smart to follow these traders’ every move, because even experts are often wrong, but it’s always nice to get an overall glimpse of how a good portion of pro traders are feeling. Another thing to consider is that some of the so-called ‘expert’ traders on Tradingview and Twitter have been openly criticized for trading techniques, shilling, and other erroneous errors. For instance, even though some of these strategists have over a hundred thousand followers, online critics have denounced a few of the traders mentioned above.

What do you think about the traders mentioned above? Are there any traders that you follow that we missed? Let us know your thoughts about this subject in the comments section below.

Disclaimer: The traders, methods, and subjects mentioned in the editorial above are intended for informational purposes only, and should not to be considered as trading advice. Neither Bitcoin.com nor the author is responsible for any losses or gains, as the ultimate decision to conduct a trade is made by the reader. Always remember that only those in possession of the private keys are in control of the “money.” 


Images via Shutterstock, Twitter, and Tradingview.


Want to create your own secure cold storage paper wallet? Check our tools section.

The post A Look at Some of 2018’s Most Popular Cryptocurrency Traders appeared first on Bitcoin News.

Bitcoin News

Lawyers to Help the Russian Crypto Industry Deal With Inadequate Laws

December 16, 2018 |

Lawyers to Help the Russian Crypto Industry Deal With Inadequate Laws

In the absence of a comprehensive regulatory framework for cryptocurrencies in Russia, lawyers have taken matters into their own hands. A new advisory body of legal experts will look into cases where the current legislation does not reflect the specifics of the growing digital economy and propose solutions.

Also read: CEO of Romanian Exchange Coinflux Arrested on US Warrant

Legal Commission to Solve Problems Stemming From the Lack of Proper Rules

Lawyers to Help the Russian Crypto Industry Deal With Inadequate LawsDuring a round table discussion on these issues, the Russian Lawyers Association and an educational organization called Blockchain Lawyers have agreed to establish a specialized commission that will address the legal challenges in the crypto industry. It will also work with companies in other related sectors such as blockchain development, artificial intelligence, quantum technologies and the internet of things.

The commission’s main task will be to provide answers to outstanding questions and solve problems arising from the lack of proper crypto regulations, the Russian outlet Bitcrypto News reported. The participants in the round table expressed confidence that the new body will be able to give legal definitions to many new economic and technological phenomena in the digital space.

The members of the commission will help projects and organizations in the industry to overcome specific challenges. Some of them are related to accounting and taxation, for example. The Russian government currently treats cryptocurrencies as “other property.” In the case of ICO tokens, however, the digital coins can also represent property rights. The problem is that the Russian tax code applies different rates to these two categories.

Lawyers to Help the Russian Crypto Industry Deal With Inadequate Laws

According to Mikhail Uspenskiy, partner at the law firm Taxology, keeping accounting records competently will be extremely difficult until Russian lawmakers finally adopt new laws to clearly define the legal nature of cryptocurrencies and tokens. However, the lower house of Russia’s parliament, the State Duma, has postponed the adoption of the legislation that was filed this past spring.

Russian Authorities Favor Conservative Approach to Crypto Regulation

Lawyers to Help the Russian Crypto Industry Deal With Inadequate LawsAfter introducing a number of changes to the original texts, Russian deputies eventually dropped several key terms such as “cryptocurrency” and “mining” from the main bill, the law “On Digital Financial Assets.” Representatives of the crypto industry protested against its latest version and even proposed their own, alternative bill that grants cryptocurrencies a “special status.”

In a recent statement, Russia’s deputy prime minister Maxim Akimov defended the conservative regulatory approach. Commenting on the recent market slump that decreased the capitalization of most decentralized cryptocurrencies, he also said that authorities in Moscow do not plan to introduce any more significant amendments to the draft legal framework.

During the round table, the legal experts discussed a number of other related topics such as the need to regulate law enforcement in the crypto industry and provide protection for the rights of cryptocurrency holders. The new commission is expected to deal with these issues as well. The body will operate within the Moscow regional branch of the Russian Lawyers Association.

What do you think of the idea to create a legal commission to support the growing Russian crypto industry? Share your thoughts on the subject in the comments section below.


Images courtesy of Shutterstock, Diar.


Make sure you do not miss any important Bitcoin-related news! Follow our news feed any which way you prefer; via Twitter, Facebook, Telegram, RSS or email (scroll down to the bottom of this page to subscribe). We’ve got daily, weekly and quarterly summaries in newsletter form. Bitcoin never sleeps. Neither do we.

The post Lawyers to Help the Russian Crypto Industry Deal With Inadequate Laws appeared first on Bitcoin News.

Bitcoin News

Despite 2018 Bear Market, Top Crypto Markets Have Outperformed FANG Stocks Since 2017

December 16, 2018 |

Despite 2018 Bear Market, Top Crypto Markets Outperform FANG Stocks Since 2017

Despite the 2018 cryptocurrency bear trend renewing gleeful predictions of bitcoin’s demise from mainstream financial analysts, the leading crypto markets have dramatically outperformed the ‘FANG’ (Facebook, Apple, Netflix, and Google) stocks since the start of 2017.

Also Read: Linkedin Names ‘Blockchain Developer’ Top Emerging US Job of 2018

FANG Stocks Up Between 25% and 115% Since Start of 2017

As with the cryptocurrency markets, the FANG stocks broke into new record highs during early 2017, leading to a multi-month bull trend driven by accelerated momentum. However, in spite of currently posting year-to-date losses between 75% and 90%, the leading cryptocurrency markets have significantly outperformed the FANG stocks since the start of 2017.

APPLE

At the start of 2017, AAPL (Apple) was trading for approximately $ 115. After rallying throughout 2017, APPL continued to set record highs during 2018 before going parabolic in the third quarter following a breakout above $ 1 trillion in market cap.

Despite 2018 Bear Market, Top Crypto Markets Outperform FANG Stocks Since 2017

Since establishing an all-time high above $ 230 at the start of October, APPL has aggressively retraced roughly 30% back to currently trade for approximately $ 165, resulting in the stock having gained approximately 43% since January 2017.

FACEBOOK

Of the FANG stocks, FB (Facebook) has seen the greatest price volatility in price over the past two years. Trading for approximately $ 115 at the start of January 2017, FB saw 12 months of predominantly bullish action before producing a roughly 23% retracement from a then-record high of $ 195 down to $ 150 during the first quarter of 2018.

 

Despite 2018 Bear Market, Top Crypto Markets Outperform FANG Stocks Since 2017

The second and third quarters of 2018 saw FB rally to post a record high of nearly $ 220, before suffering a violent 40% crash to establish local support at $ 125. As of this writing, FB is trading for $ 144, equating to a gain of 25% since the start of 2017.

NETFLIX

NFLX (Netflix) has been the strongest performing of the FANG stocks since January 2017. NFLX began 2017 trading at nearly $ 125 before producing 18 months of sustained bullish action.

Despite 2018 Bear Market, Top Crypto Markets Outperform FANG Stocks Since 2017

Since producing a double-top at approximately $ 420 during June and July, NFLX has recently retraced by roughly 40%. As of this writing, NFLX is consolidating at the $ 265 support area, resulting in a price gain of 115% in nearly 24 months.

GOOGLE

GOOG (Google) has been the least volatile of the FANG stocks in the last 24 months, beginning 2017 at roughly $ 772. GOOG then produced 19 months of mostly bullish price action, before double-topping at roughly $ 1,255 during July and August.

Despite 2018 Bear Market, Top Crypto Markets Outperform FANG Stocks Since 2017

GOOG has suffered the smallest losses of the FANG stocks since posting its current all-time high, having retraced nearly 20% to test support at $ 1,000. GOOG is currently trading for $ 1,042, equating to a price gain of 35% since January 2017.

Top Crypto Markets Gain Between 200% and 4,000% in 24 Months

At the start of 2017, the top five cryptocurrencies by market cap were BTC, ETH, XRP, LTC, and XMR.

Despite losing nearly 77% since the start of the year, BTC has gained nearly 250% since January 2017, gaining from nearly $ 965 to currently trade for $ 3,344.

Despite 2018 Bear Market, Top Crypto Markets Outperform FANG Stocks Since 2017

In spite of posting a YTD loss of 88.5% as of this writing, ETH has gained over 1,000% in nearly 24 months, rising from $ 8 to $ 88.5.

Despite 2018 Bear Market, Top Crypto Markets Outperform FANG Stocks Since 2017

Of the top crypto markets from the start of 2017, XRP has since produced the largest gains, with prices increasing nearly 4,350% from roughly $ 0.0065 to 0.29 today, despite posting a YTD loss of 87%.

Despite 2018 Bear Market, Top Crypto Markets Outperform FANG Stocks Since 2017

Although LTC has yielded a YTD loss of 90%, the now seventh-ranked cryptocurrency by market cap has still produced price gains of more than 500% since the start of 2017, gaining from $ 4.33 to $ 26.5 today.

Despite 2018 Bear Market, Top Crypto Markets Outperform FANG Stocks Since 2017

While XMR has slipped to rank 12th by market capitalization and produced a YTD loss of 88.5%, Monero has gained nearly 200% since January 2017, with prices rising from $ 13.8 to $ 40.4.

Despite 2018 Bear Market, Top Crypto Markets Outperform FANG Stocks Since 2017

Do you HODL or day-trade? Share your favorite trading strategies in the comments section below!


Images courtesy of Shutterstock, Tradingview


The Bitcoin universe is vast. So is Bitcoin.com. Check our Wiki, where you can learn everything you were afraid to ask. Or read our news coverage to stay up to date on the latest. Or delve into statistics on our helpful tools page.

The post Despite 2018 Bear Market, Top Crypto Markets Have Outperformed FANG Stocks Since 2017 appeared first on Bitcoin News.

Bitcoin News

The Daily: Trump Chooses Bitcoin Advocate as Chief of Staff, Congressman Proposes Wall Coins

December 16, 2018 |

The Daily: Trump Chooses Bitcoin Advocate as Chief of Staff, Congressman Proposes Wall Coins

In today’s edition of The Daily, we feature a couple of stories from the U.S. political scene. President Donald Trump has chosen a known Bitcoin advocate as the Acting White House Chief of Staff. And a congressman proposes to fund the building of a barrier on the U.S.-Mexico border with a “Wall Coins” crowdsale offering.

Also Read: Password Manager App Dashlane Mocks Cryptocurrency Owners

Mick Mulvaney Moves Up in the Trump Administration

The Daily: Trump Chooses Bitcoin Advocate as Chief of Staff, Congressman Proposes Wall CoinsU.S. President Donald Trump has announced on Friday that Mick Mulvaney, Director of the Office of Management & Budget, will be named Acting White House Chief of Staff. As we reported when he was first appointed as Trump’s budget director back in February, Mulvaney has made public his positive interest in Bitcoin.

Mulvaney has solicited bitcoin donations for his campaigns in the past. And at a Small Business Committee hearing on Bitcoin, he stated: “I know it isn’t a mainstream issue yet — and may not become one — but it is extraordinarily interesting and something that could eventually influence the dollar and our monetary policy. In fact, one of the witnesses drew favorable comparisons between Bitcoin and Milton Friedman.”

“Mick has done an outstanding job while in the Administration. I look forward to working with him in this new capacity as we continue to MAKE AMERICA GREAT AGAIN!” Trump tweeted about the new appointment on Friday. “For the record, there were MANY people who wanted to be the White House Chief of Staff. Mick M will do a GREAT job!”

Buy a Brick, Build a Wall

The Daily: Trump Chooses Bitcoin Advocate as Chief of Staff, Congressman Proposes Wall CoinsSpeaking about President Trump, promising to build a “big, beautiful” wall on the U.S. southern border to stop illegal immigration from Mexico was a pillar of his elections campaign. However, the president has not been able to push forward the process of securing funds for his flagship project so far. So, could an ICO be the answer? That’s what one congressman is now proposing.

Warren Davidson, Republican member of the U.S. House of Representatives from Ohio’s 8th congressional district, talked about this idea in a recent interview with NPR.

“I’ve offered a modest compromise called Buy a Brick, Build a Wall that we introduced, which lets the American people, or whomever should choose to donate – Mexicans or otherwise – to donate to the program,” Davidson explained. “You could do with this sort of, like, crowdfunding site. Or you could even do blockchain, and you could have wall coins. But you could raise the money. And frankly, if we get it right at the Treasury, you could even accept Mexican pesos.”

Time will tell if this was just an off-the-cuff remark that will never become an official plan or something more than that, but Davidson certainly knows the American digital assets field well. At a regulatory round-table he hosted on Capitol Hill a couple of months ago, the congressman called on regulators to provide clarity for crypto entrepreneurs as quickly as possible. “Legitimate players in the industry have a desire for some sort of certainty so we can prevent and prosecute fraud. I’m confident we can move forward and make this a flourishing market in the U.S. It’s an imperative for us to do, we did it well with the internet,” he stated.

What do you think about today’s news tidbits? Share your thoughts in the comments section below.


Images courtesy of Shutterstock.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

The post The Daily: Trump Chooses Bitcoin Advocate as Chief of Staff, Congressman Proposes Wall Coins appeared first on Bitcoin News.

Bitcoin News

Chatter Report: Zhuoer Claims BSV Block Created ‘Accidentally’, Falkvinge Likens Code Review to ‘Legislation’

December 16, 2018 |

Zhuoer Claims BSV Block Created ‘Accidentally’, Falkvinge Thinks Code Reviews Like ‘Legislation Changes’

In today’s chatter report, Calvin Ayre eagerly welcomes Jiang Zhuoer to mine on BSV but then quickly changes his mind. Zhuoer reveals that btc.top created a BSV block by accident and Rick Falkvinge calls for code changes to be reviewed in the same manner as legislation. 

Also Read: Linkedin Names ‘Blockchain Developer’ Top Emerging US Job of 2018 

Btc.top Creates BSV Block by Mistake

Coingeek owner Calvin Ayre recently took to Twitter to congratulate and welcome mining pool btc.top for mining a block on the BSV chain.

The celebration was short lived, as btc.top CEO Jiang Zhuoer published a Medium article in response to clear up the misunderstanding. In it, Zhuoer explained that btc.top had only ever mined two BSV blocks. The first block was an empty block mined before the BCH hard fork as a test for the hash war, and the second block was mined “accidentally”.

To add insult to injury, Zhuoer began criticizing Nchain chief scientist Craig Wright, calling him a detriment to the BCH community and a liar. Ayre didn’t take kindly to Zhouer’s comments and responded by calling Zhuoer’s post “nonsensical”.

Code Is Law and Should Be Treated as Such

As American Academic Lawrence Lessig famously said, “Code is law”. Well, founder of the Pirate Party Rick Falkvinge wants to take Lessig’s infamous quote one step further. Falkvinge is calling for Github pull requests to be reviewed in the same manner as new legislation.

In his latest video, Falkvinge proposed that code changes should be evaluated on their effectiveness, necessity and their proportion of good to bad. Changes are only effective when they move a project closer to its goals, he explained.

Are Changes to Bitcoin Code Necessary?

Falkvinge reasoned that change is necessary when there is a problem that needs to be addressed. With the Bitcoin community, the problem is that we have not yet achieved the goal of bitcoin as world money. Therefore, the argument that something like CTOR is unnecessary is not a valid argument because it implies that “no action is required”. Instead, Falkvinge believes that changes to the Bitcoin code are necessary until the Bitcoin community achieves the goal of bitcoin as global money.

Do the Benefits Outweigh the Costs?

Lastly, Falkvinge proposes assessing code changes based on the proportion of good to bad each code change brings. When the benefits of introducing new code outweigh the bad of not doing so then the change should be implemented.

To illustrate an instance when a code change was not worth being made, Falkvinge uses the example of the Bitcoin Core optimization that allowed a quicker block validation time but introduced a bug for “unbounded money creation”. Fortunately, Falkvinge points out that most code changes don’t have such disastrous effects, and tend to cause more good than harm.

At the end of the video, Falkvinge concludes by explaining that the worst thing is to move in the “wrong direction”, and so the default should be to constantly improve code.

What do you think of Ayre’s exchange with Zhuoer? Should code be reviewed like legislation? Let us know below.


Images courtesy of Shutterstock.


Bitcoin Games is a provably fair gaming site with 99% or better expected returns. Try it out here.

The post Chatter Report: Zhuoer Claims BSV Block Created ‘Accidentally’, Falkvinge Likens Code Review to ‘Legislation’ appeared first on Bitcoin News.

Bitcoin News

CEO of Romanian Exchange Coinflux Arrested on US Warrant

December 16, 2018 |

CEO of Romanian Exchange Coinflux Arrested on US Warrant

Police in Romania have detained the founder and CEO of Coinflux, one of the country’s major cryptocurrency exchanges. Vlad Nistor has been arrested on a warrant issued by U.S. authorities accusing him of a number of crimes, including the defrauding of American citizens. A court in Bucharest is currently reviewing the extradition request.

Also read: Ukrainian Village Distributes Dividends From Crypto Investment

Crypto Entrepreneur Accused of Fraud and Money Laundering

CEO of Romanian Exchange Coinflux Arrested on US Warrant
Vlad Nistor

The 29-year-old businessman was apprehended by Romanian policemen and prosecutors earlier this week at his home and office in the city of Cluj. The arrest was conducted in the presence of four U.S. law enforcement agents, local media reported.

According to the publications, Nistor is now awaiting a decision by the Bucharest Court of Appeal regarding his extradition to the United States. In its request, the U.S. Justice Department has accused him of running a fraud scheme, committing computer fraud, leading an organized crime group and money laundering.

Coinflux is one of the largest digital asset trading platforms in Romania. Nistor, a graduate of Brunel University in the U.K., established the bitcoin exchange in December of 2015. He has been described as a professional with seven years of experience in the financial sector, including pension funds where he managed savings worth millions of euros.

According to local news outlet Ştiri de Cluj, the company’s turnover in 2017 was €3.25 million ($ 3.68 million). Its website claims that the platform has, so far, exchanged over €201 million worth of cryptocurrencies in more than 203,000 transactions for over 19,000 traders.

CEO of Romanian Exchange Coinflux Arrested on US Warrant

Coinflux offers its users the opportunity to buy and sell major cryptocurrencies such as bitcoin core (BTC), ethereum (ETH), litecoin (LTC) and ripple (XRP). It accepts payments in Romanian leu, euro and supports Sepa transfers. Trading is currently disabled, however. In a blog post, the exchange said its bank accounts have been frozen and explained:

Due to a recently started, unexpected investigation, we are in the unpleasant situation of temporarily stopping any digital currency exchanges … We are doing all possible efforts, along with our legal advisers, to make sure everyone who had money deposited in Coinflux wallets gets it back.

The platform’s team further noted that, due to the investigation, they have been unable to send the announcement through the usual communication channels — via email and by publishing it on the website. “Our expectation is that we will gain back control within the next days,” they added.

Vlad Nistor Released, Expected to Appeal His Extradition

CEO of Romanian Exchange Coinflux Arrested on US WarrantAccording to the latest information on the case, the judges from the Bucharest Court of Appeal disagreed with Nistor’s arrest. Romanian media reported that the entrepreneur was released before the weekend but placed under judicial control for a period of 30 days.

Coinflux’s chief executive is not allowed to leave Cluj and the magistrates have banned him from conducting any financial transactions that involve digital assets. No decision has been taken yet regarding the U.S. extradition request and Nistor has until Dec. 20 to submit an appeal against it.

His case is not the first of this kind in Europe in the past few years. In the summer of 2017, Greek police arrested the suspected operator of the infamous Btc-e exchange, Alexander Vinnik, in Thessaloniki on a warrant from authorities in the U.S. He is accused of laundering billions of dollars through the now-defunct crypto trading platform, including bitcoins stolen in the Mt. Gox hack.

Vinnik is also wanted by his native Russia and France for other crimes. However, a lawsuit against him filed in Cyprus has been dropped, as news.Bitcoin.com reported. The Russian recently announced through his defense team his decision to go on a hunger strike in protest against his treatment by the Greek judiciary.

What do you think of Vlad Nistor’s arrest in Romania? Share your thoughts on his case in the comments section below.


Images courtesy of Shutterstock, Coinflux, and Vlad Nistor (Twitter).


Express yourself freely at Bitcoin.com’s user forums. We don’t censor on political grounds. Check forum.Bitcoin.com.

The post CEO of Romanian Exchange Coinflux Arrested on US Warrant appeared first on Bitcoin News.

Bitcoin News

BCH-Based Openswap Client Will Feature Trustless Atomic Swaps

December 16, 2018 |

BCH-Based Openswap Wallet Promises Trustless Atomic Swaps

On Friday, Dec. 14, Bitcoin Cash developer Mark Lundeberg announced his new project Openswap, a fork of the Electron Cash client that features atomic swap functionality. Lundeberg’s been working on the Openswap software for months and the tool can perform swaps between bitcoin cash (BCH) and BTC in a trustless fashion.

Also read: Markets Update: Bears Continue to Drag Cryptocurrency Prices Down

In-Wallet Atomic Swaps and Onchain Negotiations

BCH-Based Openswap Client Will Feature Trustless Atomic SwapsMark Lundeberg has revealed a new project he’s been working on and has published the software’s open source framework. According to the developer, the Openswap protocol is a clone of the Electron Cash light client but also offers a few different features. The Openswap software has an atomic swap platform, onchain private messaging (BCH messages that use encrypted OP_RETURN payloads), and also includes BTC wallet support. Lundeberg’s first iteration which he plans on releasing soon will contain a basic walkthrough of the atomic swap process and the ability to trade BCH for BTC or vice-versa. The onchain messaging can be used for negotiation purposes explained Lundeberg in his announcement.   

“The initial release features BCH and BTC, by integrating elements from the BTC Electrum into BCH Electron Cash — Other Bitcoin compatible coins can be added later such as litecoin, dash, doge, and others,” the developer detailed.

Lundeberg continued by stating:

I welcome developers from these and other communities to help build the next generation software.

Anonymous, Trustless, and Decentralized Bitcoin Cash Trades  

BCH-Based Openswap Client Will Feature Trustless Atomic SwapsIn order to use Openswap, the user simply opens the ‘addresses’ tab and right clicks to choose the ‘Openswap’ command. The protocol’s documentation explains at this point the user is able to view private messages they have sent and received in the past. Moreover, this area allows Openswap users to make offers and initiate the atomic swap process. The virtual order book resides on the BCH chain and with enough liquidity, the application could bring forth a BCH-based decentralized exchange (DEX). Even though the program is in its infancy, in theory it could be used by any type of cryptocurrency trading platform.

“The software is designed to follow the model of a decentralized exchange, in the sense that it could be used by any capable liquidity provider to provide exchange services,” Lundeberg stated.

The Electron Cash developer Jonald Fyookball explained during the announcement that he thought the Openswap fork was “excellent” news. “This could be big news for Bitcoin Cash if people start using a BCH DEX,” Fyookball detailed on the Reddit forum r/btc. Lundeberg explained the Openswap protocol could be utilized in other multi-currency wallets but he chose Electron Cash because he’s more familiar with the software’s framework. The initial release will be published soon, Lundeberg concluded, but he wants testers and developers experimenting with Openswap first. The project’s creator has also created a Telegram channel for people who want to provide feedback and contribute to testing.

What do you think about the Openswap protocol? Let us know what you think about this project in the comments section below.


Images via Shutterstock, Bitcoin.com, and Pixabay.


Want to create your own secure cold storage paper wallet? Check our tools section.

The post BCH-Based Openswap Client Will Feature Trustless Atomic Swaps appeared first on Bitcoin News.

Bitcoin News

Switzerland to Relax Laws to Accommodate Blockchain and Cryptocurrency Startups

December 16, 2018 |

The Swiss government has announced a new legislative approach to blockchain regulation in an official report. The document recognizes the technology as one of the most important recent developments for the financial sector in stimulating the country’s economy.

Also read: How Bitcoin Companies can Legally Operate in Switzerland

A Swiss Innovation Paradise

According to the report, the Swiss Federal Council’s main focus is on “ensuring the integrity and reputation of Switzerland as a financial center” and on better positioning the country to “exploit the opportunities offered by digitalization.”

The government’s plan is to create the best possible legal framework conditions so the country can continue to evolve as a leading and sustainable destination for fintech, blockchain, and innovative companies in a number of fields.

Although the report discusses the risk of cryptocurrencies being used for illegal purposes like the financing of terrorism, it maintains a positive attitude towards the technology, noting that the country’s laws should be amended to recognize encrypted digital tokens that are not backed by any physical assets. The Federal Council also made clear that it wants decentralized financial transactions to have a place in the legal code.

A Lighter Touch

Switzerland to Relax Laws to Accommodate Blockchain and Cryptocurrency StartupsThe report mentions a proposal to give discretionary powers to the Swiss Financial Market Supervisory Authority (FINMA) to loosen regulations affecting decentralized securities trading platforms as long as their activities do not harm investors. This regulatory approach circumvents current legislation enacted so as to be aligned with the EU’s position on the subject.

Swiss economist Luzius Meisser expressed his belief that this approach to legislation could prove much more effective in a written statement, saying:

This shows once again how the traditional Swiss approach of having principle-based laws that give a lot of discretion to citizens and regulatory agencies are much more innovation-friendly than overly detailed European-style laws.

Switzerland has decided to achieve these objectives without creating a slew of new laws, opting instead to adapt current legislation to incorporate new technological developments. Mattia Rattaggi, spokesman for regulatory matters at the Crypto Valley Association (CVA), commented on the association’s stance on these announcements:

We feel that this approach best represents the principle of technological neutrality and is in line with the position taken by the CVA in the consultation process … Crucially, this approach ensures maximum consistency within the current legal framework while keeping it principle-based and flexible, while allowing changes to be adopted on a ‘need-to-regulate’ basis.

Proposed Changes

Switzerland’s Federal Council’s report outlines several modifications to the country’s laws but clarifies that there are no intentions to immediately change financial or insurance industry-related laws, as it considers that blockchain technology is still “in its infancy” when it comes to these sectors. The most important legislative changes proposed so far include:

  • Amending the Collective Investment Schemes Act to include a new type of “limited qualified investment funds” with the intention of placing future innovative products on the market in a more time and cost-effective way.
  • Start recognizing data as an asset by changing company bankruptcy laws. This would allow Swiss courts to handle and properly distribute digital assets when solving legal disputes.
  • Widen the Anti-Money Laundering Act to include decentralized exchanges and allow law enforcement to dispose of third-party digital assets.
  • Creating new authorization categories to give FINMA discretion to loosen regulations for decentralized securities traders and exchanges based in Switzerland.
  • Amending the Financial Institutions Act and the Financial Market Infrastructure Law to make them more flexible towards blockchain initiatives.

What do you think about Switzerland’s regulatory stance on cryptocurrencies? Let us know in the comments section below.


Images courtesy of Wikimedia Commons and Shutterstock.


Need to calculate your bitcoin holdings? Check our tools section.

The post Switzerland to Relax Laws to Accommodate Blockchain and Cryptocurrency Startups appeared first on Bitcoin News.

Bitcoin News

Monitor Bitcoin Cash Development With the Coin Dance Tracking Page

December 15, 2018 |

Monitor Bitcoin Cash Development With the Coin Dance Tracking Page

Cryptocurrency data website Coin Dance revealed on Friday the team’s revamped Bitcoin Cash protocol development tracking page. Interested proponents can get a comprehensive look at all the completed BCH developments, proposals, ideas that are being discussed, and concepts that are currently under development.

Also read: Markets Update: Bears Continue to Drag Cryptocurrency Prices Down

The Coin Dance Bitcoin Cash Protocol Development Tracking Page

The analytical website Coin Dance has added a lot more detail to the site’s development section. The Bitcoin Cash protocol development tracking page expands upon a list of development discussions, proposals, and code that’s being developed right now. For example, there are currently 12 featured concepts ‘under development’ by the groups of developers who help the BCH protocol prosper. Developers from groups like the Cashshuffle developers, Bitcoin ABC, and Bitcoin Unlimited (BU) have all contributed to the maturing ideas.

Monitor Bitcoin Cash Development With the Coin Dance Tracking Page
BCH protocol development under discussion.

According to Coin Dance statistics, the 12 features under development include UTXO commitments, Modified fee structure, enable Schnorr signatures, reinstate more opcodes, add Compact Blocks, Graphene version 2, and more. The website data describes what the feature does like how Graphene v2 adds a lot more functionality to the first Graphene phase.

Monitor Bitcoin Cash Development With the Coin Dance Tracking Page
BCH protocol development under discussion.

In another instance, the Coin Dance documentation describes Bitcoin Unlimited’s Compact Blocks protocol. “Supporting CB in BU would strengthen the connections between the BU peers and the rest of the network, without having to rely on intermediates,” explains the BCH development tracking page. Additionally, the site gives users a link to where they can read up on more information specifically tied to each concept.

Optimization, Privacy, Scaling, and Whether or Not Its Backward Compatible

The tracking page also details there are 14 Bitcoin Cash protocol developments under discussion. This means BCH programmers have merely conversed about the idea but no one, in particular, is developing the specific concept. Features being discussed include Bobtail, One Way Aggregate Signatures, Representative Tokens (GROUP), Avalanche, BLS Signatures, and more.

Monitor Bitcoin Cash Development With the Coin Dance Tracking Page
BCH protocol features under development.

All the features that Coin Dance has listed, whether they are being discussed or under development, explain the underlying purpose of each improvement as well. Each concept has a little icon on the top left corner of the window frame and a popup window details the features intention. A fingerprint icon says “the purpose of this proposal is to improve security.” Other icons include usability, extensibility, optimization, privacy, and scaling. Moreover, icons on the upper right explain if the concept is “not backward compatible.”

Monitor Bitcoin Cash Development With the Coin Dance Tracking Page
BCH protocol features under development.

If anyone is interested in what is going on with Bitcoin Cash development, then they will likely appreciate the development tracking page. Coin Dance still has its other sections of data sets which include the BCH protocols nodes, blocks mined, hashrate, politics, opinion, mining profitability, and a section where BCH users can create vanity addresses. In the Bitcoin Cash protocol development section enthusiasts and researchers can also see completed progress that happened during prior upgrades.

What do you think of the newly revamped Coin Dance BCH development tracking page? Let us know what you think about this subject in the comments section below.


Images via Shutterstock, Pixabay, and Coin Dance. 


Have you seen our new widget service? It allows anyone to embed informative Bitcoin.com widgets on their website. They’re pretty cool, and you can customize by size and color. The widgets include price-only, price and graph, price and news, and forum threads. There’s also a widget dedicated to our mining pool, displaying our hash power.

The post Monitor Bitcoin Cash Development With the Coin Dance Tracking Page appeared first on Bitcoin News.

Bitcoin News

Linkedin Names ‘Blockchain Developer’ Top Emerging US Job of 2018

December 15, 2018 |

Linkedin has published its 2018 “Emerging Jobs Report” for the United States, in which it names “Blockchain Developer” as the most rapidly emerging employment position of the past year. According to the report, the position saw growth of 33x on Linkedin’s platform during 2018.

Also Read: Pantera Capital Braces for SEC Action Against 25 Percent of ICO Investments

‘Blockchain Developer’ Tops Linkedin Emerging Jobs Report

Linkedin Names ‘Blockchain Developer’ Top Emerging US Job of 2018The position of Blockchain Developer has topped Linkedin’s 2018 emerging jobs report, producing an astonishing 33x in growth according to the social media company.

Blockchain Developer significantly overshadowed the growth of the next most-rapidly emerging job on Linkedin, the position of “Machine Learning Engineer,” which was unable to retain its position as the fastest growing job on Linkedin, despite gaining over last year’s 9.8x with 12x growth during 2018.

Linkedin lists the top skills associated with the role of Blockchain Developer as being “Solidity,” “Blockchain,” “Ethereum,” “Cryptocurrency,” and “Node.js.” The company lists the leading employers of blockchain developers as being IBM, Consensys, and Chainyard, adding that demand for the position is high in San Francisco, New York City, and Atlanta.

Despite Bear Market, Blockchain Jobs Proliferate

A report by Glassdoor that was published in October similarly asserted that blockchain-related jobs have seen significant growth during 2018, in spite of falling cryptocurrency prices.

Linkedin Names ‘Blockchain Developer’ Top Emerging US Job of 2018Glassdoor estimated there to be 1,775 blockchain-related positions to be open in the United States during August of this year, which the company estimates to comprise a 300 percent increase over the 446 blockchain-related jobs available during August 2017.

Glassdoor also estimated the median salary for blockchain jobs to be $ 84,884 annually, which the company asserts is 61.8 percent higher than the median US salary of $ 52,461. Glassdoor found “Software Engineer” to comprise the most prevalent job pertinent to distributed ledger technology, estimating such to account for 19 percent of all open positions as of August 2018.

Many of Linkedin’s findings are consistent with those made by Glassdoor, with the company’s report also finding New York City and San Francisco to be the leading cities for open blockchain positions, equating for 24 percent and 21 percent of positions respectively. Glassdoor also asserts IBM and Consensys to list the most jobs in the distributed ledger technology sector, estimating that both companies are responsible for 12 percent of the open positions each.

Do you think that jobs within the distributed ledger technology sector will continue to proliferate rapidly in coming years? Share your thoughts in the comments section below!


Images courtesy of Shutterstock


The Bitcoin universe is vast. So is Bitcoin.com. Check our Wiki, where you can learn everything you were afraid to ask. Or read our news coverage to stay up to date on the latest. Or delve into statistics on our helpful tools page.

The post Linkedin Names ‘Blockchain Developer’ Top Emerging US Job of 2018 appeared first on Bitcoin News.

Bitcoin News