I discuss the crypto markets and this time I am talking about the coming bull market and how to diversify a little so that you can get full advantage of the price appreciation that will follow soon.
I just posted the latest episode of Crypto Corner – the video podcast where I discuss the crypto markets and this time I am talking about the coming bull market and how to diversify a little so that you can get full advantage of the price appreciation that will follow soon. Take a look.
Over 700 definitions of terms, acronyms and all the crypto slang people use in their market analysis, blogs and media articles related to blockchain technology and cryptocurrencies.
Grab your copy today: www.ojjordan.com/cryptojargon
The Crypto Corner Video Podcast Ep:78
Hosted by OJ Jordan, serving you the latest news commentary, market analysis and interviews with industry professionals.
The Crypto Corner Video Podcast Ep:78
Visa, Mastercard, Stripe, eBay and Mercado Pago exit the Libra Association
U.S. Treasury Secretary Steven Mnuchin said backers of Facebook’s cryptocurrency Libra dropped out of the project over concerns that the stablecoin project would not meet regulatory standards.
Speaking on CNBC, Mnuchin said that if Libra wouldn’t meet US money-laundering standards via the Financial Crimes Enforcement Network, it could open them up to enforcement actions.
“I think they realized that they’re not ready, they’re not up to par,” Mnuchin said. “And I assume some of the partners got concerned and dropped out until they meet those standards.”
The withdrawals were followed by a draft report from the G7 working group on the global stablecoins, evaluating projects like Libra as a potential threat to the international financial stability due to regulatory challenges. These challenges are in fact the central banks manipulation to suppress competition and not really about protecting customers I must say. The Libra cryptocurrency payments project is shaking up central banking, according to the head of Sweden’s central bank which is also working on creating e-krona in the near future .
Speaking on CNBC Riksbank governor Stefan Ingves said the Facebook Libra project has been an “incredibly important catalytic event” forcing central bankers to reconsider their primary product: money.
SEC, CFTC, FinCEN Warn Crypto Industry to Follow US Banking Laws
The heads of three U.S. financial regulators warned the cryptocurrency industry to abide by banking laws in a joint statement published Friday.
The statement, signed by Commodity Futures Trading Commission (CFTC) Chairman Heath Tarbert, Financial Crimes Enforcement Network (FinCEN) Director Kenneth Blanco and Securities and Exchange Commission (SEC) Chairman Jay Clayton, “reminds” actors in the crypto space that they must comply with various banking and financial services laws in the U.S., regardless of what they call their cryptocurrencies or tokens.
reported by Coindesk
Hacked Crypto Exchange Cryptopia, Gets Liquidated; Sold Assets Will Help In Repaying Traders
Cryptocurrency exchange Cryptopia suffered a business-ending hack earlier this year when cybercriminals looted the firm of more than $16 million worth of Ethereum and ERC-20 tokens.
The hack continued for several days after the breach was discovered as it appears Cryptopia lost access to wallets. Part of the stolen funds that were transferred to Binance, the world’s leading crypto exchange by volume, has been frozen. It is still unknown how the exploit was carried out, or by whom, as the investigation by New Zealand police and international authorities continues.
When the hack was discovered the Company closed the exchange for trading. The Company then decided to reopen the exchange for the trade of certain crypto-assets in March 2019 and continued to trade through to the date of Liquidation. However, trade volumes were insufficient for the Company to meet its debts as they fell due and it was decided the appointment of liquidators was in the best interests of customers, staff and other stakeholders.
A report by Cryptopia’s liquidator, Grant Thornton, Cryptopia still owes its creditors a total of $4.22 million.
Poloniex delists 6 coins
Trading for Pascal (PASC), Steem (STEEM), Navcoin (NAV), GameCredits (GAME), LBRY Credits (LBC), and Clams (CLAM) has permanently disabled on Poloniex. Please withdraw any balances in these assets prior to the dates below.
October 28th at 16:00 UTC: LBC withdrawals will be permanently disabled.
November 15th at 16:00 UTC: PASC, STEEM, NAV, GAME, and CLAM withdrawals will be permanently disabled.
Next Bitcoin Halving Is 211 Days Away; With Smaller Miners Pushed Out How Will BTC Price React?
Bitcoin is about to halve its rewards soon and the crypto community is speculating about what will happen. After the two first halvings, which occurred in 2012 and 2016, another one is being expected for 2020. Both times that the rewards were halved before marked the beginning of a bull run that took the network to new highs.
Last week, several miners reunited at the World Digital Mining Summit, which was organized by Bitmain in Frankfurt. During the event, the co-founder of Bitmain, Jihan Wu, seemed pessimistic about the halving.
Wu pointed to Litecoin, which had it’s rewards halved some weeks ago. The price of the asset went down, not up. Litecoin’s price went from $31 to $135 USD during the year and then fell again to $57 USD after the halving. Could something similar happen to Bitcoin?
He also affirmed that people didn’t know what to expect during the first and second halving, but now people are betting that the price will go up. If it does not, there is a big possibility that the market sentiment may turn sour.
Another reason why this might be bad news, is that several ASIC miners will not be profitable to use anymore. The Antminer S9, for instance, was a very popular model, but it is barely able to make a profit now, so after the halving, the situation might become worse.
Satoshi, bitcoin’s smallest unit, is now added to Oxford English Dictionary
The Oxford English Dictionary (OED), published by the Oxford University Press, has officially added the word “Satoshi” to its database. The decision was made as part of a quarterly update this month.
The OED defines Satoshi as: “The smallest monetary unit in the Bitcoin digital payment system, equal to one hundred millionth of a bitcoin.”
The announcement follows the December 2014 update that saw “bitcoin” added to the respected resource. It defines bitcoin as “a digital currency in which transactions can be performed without the need for a central bank.”
In the latest quarterly update, the OED has also added the word “cryptocurrency” to its database, reports yahoo finance.
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Be your own BANK with the best hardware wallet devices: Ledger Nano S or X series or Trezor One or Trezor Model T – these are the best devices on the market and I have reviewed them and posted tutorials on setting up and other key features.
The information contained in this video is for informational purposes only. Nothing herein shall be construed to be financial or legal advice. The content of this video reflect solely my own opinions. Purchasing cryptocurrencies poses considerable risk of losses.
This information is what was found publicly on the internet. This information could have been doctored or misrepresented by the internet. All information is meant for public awareness and contains what is already in the public domain. Please take this information and do your own research.
The information contained in this video is for informational purposes only. Nothing herein shall be construed to be financial or legal advice. The content of this video reflect solely my own opinions. Purchasing cryptocurrencies poses considerable risk of losses.
This information is what was found publicly on the internet. This information could have been doctored or misrepresented by the internet. All information is meant for public awareness and contains what is already in the public domain. Please take this information and do your own research.
Here are 20 things about Bitcoin that every investor and crypto enthusiast should know.
This is a video I published some time ago on my Youtube channel where you will find tons of great crypto content so make sure you check out the other videos there. I also run a regular video show called Crypto Corner and you can get up to date news and my analysis if you subscribe (and don’t forget to notification bell so you get alerts when I post new episodes.)
To keep up to date with the latest crypto news check out my “Crypto Corner Daily” (ePaper) – http://bit.ly/2HaC1c7
If you are new to Bitcoin, Ethereum or crypto in general, you might find it hard to get your hands on some at first so here is a list of the most popular websites to buy crypto:
â–şCoinbase (USA, EU, Africa) Get $10 worth of Bitcoin on your first $100 crypto purchase with this link: http://bit.do/coinbase_join
🔑My Top hardware Wallet for Crypto Ledger Nano S supports all the crypto assets that represent 90% of the total market cap? (hardware, offline wallet) : http://bit.do/ledgerNano
also, check out my tutorial on How to set it up: https://youtu.be/c8e63ZNqdLQ
Welcome to Crypto Jargon – these are a series of 30 videos I launched recently on my YouTube channel and I am now adding them to my blog.Â
Welcome to Crypto Jargon – these are a series of 30 videos I launched recently on my YouTube channel and I am now adding them to my blog.
In these series, I’m breaking down the complex terminology related to cryptocurrencies and blockchain tech, as well as trading slang – all of which you will inevitably come across in your research in the crypto universe, be it on Twitter, mainstream media articles, blogs, forums and all other social media as well.
There’s a lot of great content in these series and each episode is packed with value and I’m sure you will learn a lot, so let’s get started.
Below is my first episode with the following terms: AML KYC 2FA FAQ and QRcode.
Let’s first start with AML.
This is the acronym for Anti-Money Laundering, which is a process that all financial institutions are required to follow in order to prevent, detect and report suspected money laundering activities. Money Laundering is a broad term related to acquiring capital illegally or moving illicit funds. Some examples are tax evasion, public corruption, and market manipulation through methods such as inside trading or wash trading. Wash Trading is explained in another episode, so make sure you check out the rest of the Crypto Jargon series on this channel.
Another popular acronym you will see on many websites as you open new accounts is KYC.
This stands for “Know Your Customer”. There are a number of laws and regulations worldwide, which require businesses to know the identity of their customers, so it is a typical requirement for most exchanges, wallets, and ICOs these days. Usually, you will need to send your personal details like an ID scan, proof of address – which can be a bank statement or utility bill and in some cases even a selfie, to prove that you are the same person as the ID you provided.
Moving on to 2FA which means Two Factor Authentication.
This is an additional layer of security requiring a code to verify that the owner of an account is the one accessing it. This is a method of securing online accounts through multiple authentication rounds. This makes it difficult for hackers to breach your account. Even if they’re able to crack your password, they won’t be able to log in without access to your second factor. Most commonly the second factor is a code generated from your phone and the most popular apps for that are Authy, Google Authenticator and Microsoft Authenticator. Email verification and text messages are also used for 2FA but they are considered too weak.
The next acronym is FAQ: Frequently Asked Questions.
I know, you probably already knew that, but just in case you didn’t FAQ is the most useful section of a website to any new customer. You can find the most common questions answered there and most likely you will find it on the top or the bottom of any good company’s homepage.
Last in this post is QR CODE, which stands for Quick Response Code. This is similar to a barcode but it is square in shape and can hold more information than a regular barcode. It is widely used in crypto – associated with pretty much any crypto wallet addy and especially for mobile wallets. What is a wallet or addy? This is the topic of the next episode so make sure you follow the Crypto Jargon series on my channel. Subscribe and hit the notification bell so that you can get notified when the next episode is out.
If you liked this article, you will most certainly love my eBook “Crypto Jargon A-Z” – this is the most up-to-date publication of its kind. With over 700 terms, acronyms and trading slang, it contains everything related to cryptocurrencies and blockchain tech – all the complex terminology we use in media articles, blogs, forum chats, social media posts and of course video content too so go check it out on Amazon at one of the following links:
How to buy Bitcoin, Ethereum, Litecoin or Ripple with a credit card.
Kucoin exchange had an upgrade recently and one of the cool new features is that you can now buy crypto directly with your Credit Card.
The service is operated by a third party partner “Simplex” and incurs a fee of $10 and a 5% from the total amount you are exchanging. There is a minimum required, which is $50.00 and in this regard it is not too different to many of the other exchange services which may appear to have smaller fees but in effect provide you with a rate that is already at least 5% different to that of the current market rate while Kucoin is selling at the most current market rate which I find a better solution for larger amounts.
I have used services like Coinbase and Xapo in the past and their OTC rates were always 5% more expensive than the current market rates so this is why I think that Kucoin’s credit card purchase option is not expensive in comparison.
Here’s how to buy Bitcoin or other crypto with Kucoin.
After completing a few simple registration steps which are quite intuitive and standard, you will be sent to your main page which is “Overview”. The navigation menu is on the left, the profile settings are in the top right corner, make sure you go through these and get familiar with the different options.
The buy Crypto with a Credit Card option is on the left side of the page as you can see on this screenshot:
When you click on Buy Now, you will be sent to the page where you can choose the cryptocurrency, the amount you want to exchange and the fees will be displayed there so there’s no confusion as to what you will be charged.
By default you will see BTC (the symbol for Bitcoin) in the first bar but if you wish to buy Ethereum for instance, just use the drop-menu there (see the following screenshot). The current list of cryptos you can buy on Kucoin Exchange currently is: BTC (Bitcoin), ETH (Ethereum), LTC (Litecoin), XRP (Ripple) and BCHABC (Bitcoin Cash – this is different to Bitcoin, so do not get confused).
If you have not entered your credit card details prior to doing this exchange, you will be asked to do so in the next step.
After you make the purchase you also trade on the exchange for other coins or if you aren’t into trading and simply wanted to buy Bitcoin or other crypto and keep it for later, you should just withdraw it and move it into a safe storage, like a hardware wallet or any wallet of your choice. I personally don’t like to keep my holdings online and I use the Ledger Nano S for longer-term safe storing.
The Withdraw option is also in the left menu on the main website (see screenshot below). You will see a drop-down menu there too where you will select the cryptocurrency you wish to withdraw.
Select the relevant coin you are going to withdraw and you will see the detailed page where you need to enter the wallet address and the amount you are withdrawing.
If you have a mistake in the address, it is likely that you will be alerted about it but please make sure you triple-check your wallet address and the coin you are withdrawing and that it’s all correct because you don’t want to send Ethereum to a Bitcoin address or anything like that… it will just get lost (but most likely, Kucoin will alert you so you don’t make this mistake, see screenshot below).
This should be a fairly easy process and the first time could seem a little intimidating or complex so I suggest you test the waters with smaller amounts and once you see how things work and know that everything goes right, you can be bold and work with larger amounts. The fees aren’t too high to be worth the risk of working with large amounts from the first attempt.
Good luck and feel free to leave comments here or on my video tutorial for Kucoin Exchange where I explain the basic features and which you can find in this post.
I already mentioned that I am a huge fan of the Ledger Nano S device and have been using it to store my long-term crypto holdings for years now. It also supports Ripple which not many other devices provide storage for so check it out here:
Over 700 definitions of terms, acronyms and all the crypto slang people use in their market analysis, blogs and media articles related to blockchain technology and cryptocurrencies.
đźš©The book “Crypto Jargon A to Z” is the most comprehensive dictionary to date. Over 700 definitions of terms, acronyms and all the crypto slang people use in their market analysis, blogs and media articles related to blockchain technology and cryptocurrencies.
đźš©The book “Crypto Jargon A to Z” is the most comprehensive dictionary to date. Over 700 definitions of terms, acronyms and all the crypto slang people use in their market analysis, blogs and media articles related to blockchain technology and cryptocurrencies.
