Tag Archives: news

Lots happening at Binance crypto exchange

Binance is one of the leading Bitcoin and crypto exchanges in the world. It’s currently the #1 trading volume crypto currency exchange, according to statistics by Coinmarketcap. Check them here.

1. Binance offering $250,000 worth of Binance Coin (BNB) for information leading to the capture of the recent API hackers.

From their own words: “Binance is offering a $250,000 USD equivalent bounty to anyone who supplies information that leads to the legal arrest of the hackers involved in the attempted hacking incident on Binance on March 7th, 2018.”
see more here.

2. Binance added QTUM/USDT trading pair & 50,000 QTUM giveaway. QTUM is a top 20 market cap crypto with huge following.

From their own words: To celebrate QTUM/BNB and QTUM/USDT trading pairs now being available on Binance, we have committed a total of 50,000 QTUM to give away to our fans worldwide. Users will be ranked in terms of the total QTUM volume traded on their Binance account (including both Buys & Sells) across all QTUM trading pairs during the competition period.
see more here.

3. Binance has finally added the top 15 market cap coin NEM.

From their own words: XEM/BNB, XEM/BTC and XEM/ETH trading pairs are now available on Binance for trading. You can start depositing and trading XEM now.
see more here.


Join Binance and begin trading today

MoneroV hard fork postponed to April 30th

MoneroV, a planned hard-fork of one of the top 10 biggest market cap crypto currencies Monero has postponed fork date, originally was set for March 13-14, and the new estimated fork date April 30th. Monero (XMR) owners will receive 10 XMV per 1 XMR they own.

Statement from MoneroV official website:

MoneroV hard-fork date postponed to April 30th, 2018

Having both our team and community grow rapidly, the past few months has positioned the MoneroV project and the upcoming hard-fork as a highly anticipated event. With both great support and enthusiasm, we are dedicated to realizing the vision of a truly decentralized, finite currency to serve the community for years to come.

Due to the growing demand and increasing expectations from users, trading platforms, and large mining pools, we have decided that the Snapshot date will be postponed to ~30th of April block 1564965 to facilitate third-party services requests and including these below reasons:

Exchanges and custodian services need more time to implement the MoneroV technology for them to support the fork and credit XMR holders with XMV. We are in the process of helping leading exchanges (from the top five Monero trading platforms) to list MoneroV. These services require additional time for implementation and we are positive that postponing the hard-fork date so that more users will be credited with their XMV outweighs the drawbacks.
Monero’s own software update that will occur in March is causing confusion with the initial hard-fork date. This is a common complaint we hear from both the Monero community and our own. Postponing the hard-fork snapshot date will help both Blockchains.
Mining pools are asking for more time to implement MoneroV. We want to help these pools to prepare for the hard-fork split so that MoneroV will be more stable and robust.
Many users have difficulty storing their XMR locally using the Monero GUI wallet due to its large blockchain size. Postponing the hard-fork date will help more users to prepare and be able to claim their XMV’s.
Overall, taking into consideration these reasons, and although MoneroV’s codebase is fully functional, we are positive that it would be best to postpone the snapshot date.

Read more about it on MoneroV website here, Bitcointalk thread here, and Twitter here

Buy Monero at exchanges like Binance and Bitfinex, must use BTC or ETH to buy XMR.

Universa’s amazing flash SPIKE yesterday

Universa is a Russian ICO that has trading going live already on Cobinhood and HitBTC. The latest price range of Universa (UTNP) has been about 350 – 500 satoshi’s, about $0.4 – 0.5 cents. Yesterday I logged into my Cobinhood account and noticed all my UTNP sells had vanished, so after investigating I learned that Universa had a flashspike! It rose to 5000 satoshi’s for a minute on Cobinhood (about $0.50!!!)

So guys, it went from 0.00000400 to 0.00005000!!!

over 10x gains with Universa for some of us!

HUGE gains were made to myself personally and anyone else who set very high limit sell orders for Universa on Cobinhood. These situations are hard to plan for, but it’s a sure reminder to always have your limit orders “in order” always!

Here is Coinmarketcap screenprint of Universa, here you can see huge spike, but it doesn’t show the 10x spike that actually did happen in Cobinhood.

Coinmarketcap showing Universa spike

screenprint came from here.

Is Litecoin Cash really a scam?

Everyone in the crypto space is aware of the recent Litecoin pump, some say due to the announcement of Litepay, some actually think part due to the upcoming “fork” of Litecoin called Litecoin Cash (LCC).

Charlie Lee posted on Twitter saying LCC is a scam:

PSA: The Litecoin team and I are not forking Litecoin. Any forks that you hear about is a scam trying to confuse you to think it’s related to Litecoin. Don’t fall for it and definitely don’t enter your private keys or seed into their website or client. Be careful out there!

Since on the topic of scams, any fork of Litecoin, calling itself Litecoin something or other, is a scam IMO. Litecoin Cash, Litecoin Plus, Litecoin *… all scams trying to confuse users into thinking they are Litecoin.
This also applies to all Bitcoin forks trying to confuse.

But with the way he’s wording it on his tweet, I believe he means it’s more of a theft, as in intentional branding theft of Litecoin and misleading crypto investors rather than actually scamming users for their Litecoins. Also there is no reason for a fork of Litecoin, it’s completely unnecessary and for that fact some may call this a cash-grab by the creators of LCC, or even call it scammy.

This is just my opinion, read more about the Litecoin Cash “fork” or whatever you want to call it, on the Bitcointalk thread here.

Price Prediction for Litecoin Cash

Lets say a 1:1 fork coin would roughly be a 10th of price of Litecoin, so at current rate we’ll say $22, but since LCC distributing 10:1 I think it’s safe to assume a 10th of that, which would put it at $2.20 according to my estimation.

I still believe since the fork is basically useless, maybe worth a minor pump off the bat, or a dump as people trying to rid of their received coins, my overall guesstimate would be $0.75 – $1.50 per 1 LitecoinCash (LCC).

Supporting Exchanges

So far only one crypto currency exchange has made any specific statement about possibly supporting the Litecoin / LitecoinCash fork. Mercatox exchange had this announcement today:

LTC processing upgrade
Mercatox is performing a scheduled LTC node system and processing upgrade The upgrade will take approximately few days. Mercatox will suspend withdrawals of LTC during this period. We apologize for any inconvenience caused, and thank you for your patience. Also we will cancel all stacked withdrawals and will ask you to order it again.
We will do our best to accept the upcoming fork which should occur on or around February 19th, 2018 and fund your accounts with LCC.
Thank you for staying with us. SOURCE
Mercatox Team

UPDATE: Yobit, TradeSatoshi, Crypto Bridge, SouthXchange and MeanXTrade all announced support of LCC.

More facts about LitecoinCash

Site: https://litecoinca.sh
Exchanges: Mercatox, Yobit, TradeSatoshi, Crpyto Bridge, South Xchange & MeanXtrade
Fork date: approx Sun February 18, 2018
Block height: 1371111
BitcoinTalk thread: https://bitcointalk.org/index.php?topic=2876538.0;all
Twitter page: https://twitter.com/LitecoinFork
Reddit: https://www.reddit.com/r/LCCofficial/
Interview with Litecoincash team member

Bitconnect finally gone bust!

The sketchy crypto coin and lending platform Bitconnect has finally gone bust!

Just $400 per 1 unit of BCC a few weeks ago, down to $15 today, and still dropping.

Their website and subreddit are offline:

You can still get an idea of the damage by checking out BCC on Coinmarketcap site here. Also read more about it at this article.

Many youtubers were promoting Bitconnect with their referral links, many came across as spammy, for such a scammy pyramid-style setup that Bitconnect was. Users like Craig Grant, Trevon James & CryptoNick, c’mon fuckers, you knew exactly what you were pushing! Quit pleading innocence on this! 😡

The shameless BCC holders hitting HitBTC trollbox with comments like “Buy BCC!!!” or “hold your BCC it go back up”, “HODL BCC”, but if you have a brain in your head, you know better than to touch it with a 10 foot pole.


Super Smart Bitcoin (SBTC) and BCX double forking day

Ok so today at bitcoin block height 498888 we had a double fork from Super Smart Bitcoin (SBTC) and BCX. SBTC 1:1 and BCX 1:10,000. I used the exchange Gate.io & Okex to get my forked coins, all went smooth, dumped everything quickly for bitcoin, as usual. SBTC has been ranging from around $105 – $300 today, while BCX has been ranging around $0.016 – $0.03.

SuperSmartBitcoin (SBTC)
website: http://supersmartbitcoin.com
See the Bitcointalk thread here.

website: https://bcx.org


As usual most of the Chinese bitcoin exchanges were supporting these forked coins. I participated in using Gate.io, Okex, and Bitfinex. Gate & Okex distributed all tokens asap while Bitfinex still waiting, will post results later. Binance mentions they maybe give SBTC eventually.

Bitcoin Diamond (BCD) fork today

Hey folks, another day, another Bitcoin forking situation. Today’s fork will be Bitcoin Diamond (BCD). The fork will occur at block height 495866 (most likely Friday Nov 24th US central time). So far I’ve heard rumor of these coins be much less valuable than the previous forked coins, like Bitcoin Cash & Bitcoin Gold. You can read more about this new altcoin on their official site Btcd.io

Supporting exchanges: Binance, Okex, Exx, RightBTC, Hash Token, OtCoin, BTCbox, Kex, Aex, Cex.com, Oex, Gate.io, Kkex, Coinbene, Bitsun, HKSY, CoinEgg, BTCTrade.im, Coinnest, Bibox, Huobi, ZB.com, Lbank, Coolcoin, Allcoin.

Binance released this statement yesterday:

Fellow Binancians,

Binance is preparing for the upcoming Bitcoin Diamond (BCD) hard fork (estimated to occur on 2017/11/24) with the following procedures:

Before the potential fork, Binance will take a snapshot of all Bitcoin balances in Binance accounts (including BTC held in open orders) at Block 495,866. After we determine the forked blockchain and wallet to be usable and stable, Binance will credit users with their BCD (1BTC will give 10BCD).
For the trading and listing of BCD on Binance, BCD will go through the same strict listing review process as Binance does for any other coin/token. The default position we have is no listing.
If you are unsure on how to deal with the technical issues regarding Bitcoin forks, feel free to deposit your Bitcoins in your Binance account in advance of the fork and we will handle it for you and ensure you will have all potential assets after the fork.
Going forward, we foresee there to be many coins forked off of BTC. Binance is not supportive of forks that occur simply for the sake of forking.
Thanks for your support!

Binance Team


EDIT: Dec 13, 2017, I heard some reports of Bitcoin Diamond being a scam, most of what I read at this Reddit post seems all conspiracy theory, accusations like: domain privately registered? This is normal for anyone in any industry. Anyways, keep aware and if anyone knows anything factual pertaining to this, please contact us.