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Over 3,000 miles from the trenches and battlefields of the Western Front, where many hundreds of thousands had already died, residents of Orleans, Mass., were enjoying a typical summer morning on July 21, 1918, waiting for the fog to lift off the shore. Then suddenly, a German U-156 submarine…
President Trump arrives in Britain on Thursday for his first visit to the country as president—and although he has boasted that he is “very popular” in his mother’s homeland, he won’t be receiving a universally warm welcome. The Guardian reports that massive protests are expected during Trump’s four-day visit,…
Family members of several of the young Thai soccer players and their coach, freed after almost three weeks trapped deep in a cave in northern Thailand, were still waiting to be reunited with them.
CNN.com – RSS Channel – World
Mexico goes to the polls this weekend. 132 candidates have been killed since campaigning began, per one countJune 28, 2018 | dailybusinessnews
Even for a country numbed by escalating violence, the toll the campaign season has exacted is horrifying.
CNN.com – RSS Channel – Regions – Americas
Global stock markets swung wildly again Wednesday as investors chased after mixed signals on global trade tensions, and the Standard & Poor’s 500 index erased an early-morning jump to drop to its lowest closing level in nearly a month.
One of the day’s few market certainties was oil’s continued…
One of the most maddening things about lookalike Twitter scammers has been Twitter’s unwillingness to do anything about them. It’s not a complex problem to solve, and yet for months the micro-blogging service has prevaricated while the gullible public has given their ether away to flagrant scammers. A couple of third party services have now sprung up promising to solve the problem. If Twitter can’t stop crypto scammers, they will.
Developers Are Taking Matters Into Their Own Hands
Crypto scams have been plaguing Twitter all year. They usually involve the scammer mimicking the account of a crypto influencer and then replying to their tweets promising free ETH for anyone who sends a small amount initially. Why any benefactor should require cryptocurrency in order to send out more cryptocurrency to the donor is a mystery, but the nonsensical nature of the scam hasn’t prevented naive Twitter users from being defrauded of cryptocurrency.
Metacert Protocol and Scam Clerk are two recently launched services that promise to weed out scammers and make Twitter a better place for everyone. The former of these two solutions – Metacert – is a general anti-fraud project that’s making the leap to blockchain. Its Twitter scammer software is still in beta, but appears to be effective at warning the followers of a high profile account that the reply they’re viewing is that of a copycat and not the original poster. The tool then blocks the scam account. Metacert’s Cryptonite tool (not to be confused with the hashing algorithm of the same name) also alerts crypto holders to phishing websites via a green shield symbol that appears in the toolbar.
Scam Clerk Goes to Town on Twitter Impersonators
Scam Clerk, another new tool to have launched, bills itself as being “like a virus scan for Twitter”. It features a dashboard that reveals how many impersonators it has blocked, and retains a SCUM (Scam Clerk Universal Master) list of all Twitter scammers, not just impersonators. Thanks to the likes of Scam Clerk and the developing Metacert Protocol, clamping down on Twitter scammers is getting easier. In truth though, it shouldn’t fall to third party developers to conceive such solutions: this ought to be the job of Twitter, as it’s the reputation of their service that scammers are ruining.
For all his bullishness on bitcoin, Twitter CEO Jack Dorsey has been slow to act on crypto scammers. Even those who believe that scam victims deserve everything they get would agree that scammers spoil the discourse on crypto Twitter. Due to the prevalence of impostor accounts, which fill the replies to tweets with their incessant spam, Twitter is no longer suited to cryptocurrency discourse. If the bear market can’t kill off Twitter’s crypto scammers, perhaps third party solutions can.
Why do you think Twitter hasn’t bothered to stamp out scammers? Let us know in the comments section below.
Images courtesy of Shutterstock, and Twitter.
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The post Since Twitter Won’t Stop Crypto Scammers, These Services Will appeared first on Bitcoin News.
Leading crypto research firm, Chainalysis, revealed staggering wealth transfer numbers, as reported by legacy news outlet Financial Times, concerning bitcoin core (BTC). From its price high in December of last year through April of 2018, BTC hodlers (supposed longer term investors) dumped $ 30 billion onto the market, shedding about half their collective positions just in December. The basic facts are sure to enliven debate regarding BTC’s ultimate function, be it as a ‘store of value,’ medium of exchange, or mere speculative asset.
Bitcoin Core ‘Hodlers’ Transfer $ 30 Million, Fueling Speculative Trade
Chainalysis economist Philip Gradwell noted, “This was an exceptional transfer of wealth.” He was speaking about the near half year flash in bitcoin core longer term investors dumping considerable amounts of their holdings. It’s actually an ongoing debate within the ecosystem. Is bitcoin a store of value for the long term or medium of exchange? Increasingly, more are objecting to the arbitrary poles: why can’t it be both?
Prior to that option, a vocal sector of the bitcoin core community, especially during the later part of 2017 when BTC’s price reached $ 20,000, argued whatever original proposition BTC was at its birth, it clearly was now digital gold. Indeed, seeing double digit gains as regular as rain discouraged bitcoiners from spending the asset as currency. Mempool congestion and skyrocketing fees only hammered home the hodl philosophy. Don’t spend your BTC — at least that’s what they said publicly.
Privately, however, something very different was happening. According to a Chainalysis study released this week, a “distinct shift in the make-up of bitcoin owners from longer-term investors — those who held the asset for more than a year — to short-term investors who have traded more recently” happened over a critical five months, from December of last year through April of this year, reports Hannah Murphy of the Financial Times.
BTC Consolidating, Sparking Price Manipulation Concerns
The report “estimates that longer-term holders sold at least $ 30bn worth of bitcoin to new speculators over the December to April period, with half of this movement taking place in December alone,” Ms. Murphy continued. Over those months, liquidity in the BTC market saw a 60 percent increase, driving the price down as supply outstripped demand. And over a calendar year, extending into early 2018, BTC managed to pick up exactly one more online merchant, raising the grand total to just 4, out of five hundred available.
Also according to Chainalysis, the BTC market appears to be consolidating. As fewer hands control significant percentages of its trading value, fear grows about possible manipulation. “Overall, some 1,600 bitcoin wallets — managed by both speculators and investors — contained at least 1,000 bitcoin each in April, according to Chainalysis, collectively holding nearly 5m bitcoin, or close to a third of the available total. Of those, just under 100 wallets owned by longer-term investors contained between 10,000 and 100,000 bitcoin,” Ms. Murphy concluded.
Are you hodling bitcoin and where do you stand on the debate over the main function of BTC? Let us know in the comments below.
Images via the Pixabay, Financial Times, Chainalysis.
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The post Flash Transfer: Bitcoin Hodlers Dumped $ 30 Billion Since December appeared first on Bitcoin News.
Roseanne Barr was seen in Utah, looking visibly stressed as she was spotted sitting on a curb in a hat, cuffed jeans and flip flops talking a phone call while smoking a cigarette.
Despite what Pusha T wants people to think — Drake’s been quite the opposite of a “deadbeat dad” behind the scenes, financially supporting his alleged baby mama through and after her pregnancy … TMZ has learned. Sources close to Drake tell us the…
Palestinian militants bombarded southern Israel with dozens of rockets and mortar shells Tuesday, while Israeli warplanes struck targets throughout the Gaza Strip in the largest flare-up of violence between the sides since a 2014 war. The Israeli military said most of the projectiles were intercepted, but three soldiers were wounded,…