Forwarded from Krypto Leaks
Exchanges running dangerously low on funds:
Bgogo
Bibox
Bitsdaq
Bitforex
Bgogo
Bibox
Bitsdaq
Bitforex
Forwarded from unfolded.
Forwarded from Libre Blockchain
$COTI & Insolar Are Next on the Chopping Block
It isn’t personal, but these projects stand out as extraordinary examples of entities in this space that have not received deserved scrutiny.
The benefit of adding code review in our analysis is that we can provide an assessment of the *work* that has been done.
For whatever reason, the actual backbone (source code) of blockchain projects has largely went ignored.
The identities of various “VC firms” backing these projects and the ideas that are being promoted have also went without scrutiny as well.
Today, that stops.
We isolated those two blockchain projects ($COTI & Insolar) above because each project’s codebase differs so greatly from the promises & claims made in their promotion / whitepapers / documentation, that their legitimacy should be questioned.
It isn’t personal, but these projects stand out as extraordinary examples of entities in this space that have not received deserved scrutiny.
The benefit of adding code review in our analysis is that we can provide an assessment of the *work* that has been done.
For whatever reason, the actual backbone (source code) of blockchain projects has largely went ignored.
The identities of various “VC firms” backing these projects and the ideas that are being promoted have also went without scrutiny as well.
Today, that stops.
We isolated those two blockchain projects ($COTI & Insolar) above because each project’s codebase differs so greatly from the promises & claims made in their promotion / whitepapers / documentation, that their legitimacy should be questioned.
Forwarded from CryptoVigilante
Letter from Aggrieved INS Token Holders Following Questionable Actions by Insolar Technologies Inc.
To Whom It May Concern:
Insolar Technologies, a Swiss company with offices/employees in Moscow and New York, raised $40million in cryptocurrencies in a 2017 Initial Coin Offering “ICO.” Originally designed, Insolar was to create an app to “connect consumer goods producers and customers.” However, the app failed to gain traction, and, after researching other options, Insolar chose to use ICO funds to create a highly scalable enterprise solution based blockchain. After two years of development, Insolar was to swap tokens from its ERC-20 token on the Ethereum blockchain to its own native blockchain “XNS.” When it came time for the mainnet XNS launch and token swap, the terms of the token swap were presented to holders and ICO participants.
The terms included expanding and diluting the supply vastly and unfairly prejudicing token holders and ICO participants; self-dealing hundreds of millions of new tokens out of thin air for the benefit of Insolar, a private fund, and enterprise partners while at the same time keeping the original token supply and reserve the team was allotted in the ICO; compelling a 3-year (revised from 5 years) vesting formula on holders who already have been waiting two years at a 90%+ loss; finally, upon revising the vesting formula, Insolar encouraged holders to vest their tokens without giving them clear examples of how such vesting would affect them, giving them a non-linear highly fractional annual return in the swap, which prevented them from making an informed decision. All of this was done in the name of compliance with regulators like the U.S. SEC.
Holders respectfully urge interested parties, including regulators, to examine whether these actions violated securities laws, corporate laws, or other norms of business law in the relevant countries. If interested parties are a Partner or Exchange hosting INS or XNS tokens, holders respectful request these parties consider the actions of Insolar and whether they are congruent with your compliance obligations and business integrity.
The ICO:
The token raise was done as an Ethereum token where 50million ERC-20 Tokens were minted. 60% or 30 million tokens were part of the public sale while the team received 15% as well as a reserve fund of 20%. Finally, earlier advisors received 5%. ICO participants were told “No token creation, minting, or mining after the end of the Token Sale period.” See ICO slide below for more details.
To Whom It May Concern:
Insolar Technologies, a Swiss company with offices/employees in Moscow and New York, raised $40million in cryptocurrencies in a 2017 Initial Coin Offering “ICO.” Originally designed, Insolar was to create an app to “connect consumer goods producers and customers.” However, the app failed to gain traction, and, after researching other options, Insolar chose to use ICO funds to create a highly scalable enterprise solution based blockchain. After two years of development, Insolar was to swap tokens from its ERC-20 token on the Ethereum blockchain to its own native blockchain “XNS.” When it came time for the mainnet XNS launch and token swap, the terms of the token swap were presented to holders and ICO participants.
The terms included expanding and diluting the supply vastly and unfairly prejudicing token holders and ICO participants; self-dealing hundreds of millions of new tokens out of thin air for the benefit of Insolar, a private fund, and enterprise partners while at the same time keeping the original token supply and reserve the team was allotted in the ICO; compelling a 3-year (revised from 5 years) vesting formula on holders who already have been waiting two years at a 90%+ loss; finally, upon revising the vesting formula, Insolar encouraged holders to vest their tokens without giving them clear examples of how such vesting would affect them, giving them a non-linear highly fractional annual return in the swap, which prevented them from making an informed decision. All of this was done in the name of compliance with regulators like the U.S. SEC.
Holders respectfully urge interested parties, including regulators, to examine whether these actions violated securities laws, corporate laws, or other norms of business law in the relevant countries. If interested parties are a Partner or Exchange hosting INS or XNS tokens, holders respectful request these parties consider the actions of Insolar and whether they are congruent with your compliance obligations and business integrity.
The ICO:
The token raise was done as an Ethereum token where 50million ERC-20 Tokens were minted. 60% or 30 million tokens were part of the public sale while the team received 15% as well as a reserve fund of 20%. Finally, earlier advisors received 5%. ICO participants were told “No token creation, minting, or mining after the end of the Token Sale period.” See ICO slide below for more details.
Forwarded from CryptoRank Analytics
The Best Services For #DeFi Analytics
DeFi was one of the fastest-growing areas in the cryptocurrency market in 2019.
Many excellent analytical resources have also been created, which I would like to share. They will definitely help you to find and understand all the necessary information in the DeFi field.
@CryptoRankNews
DeFi was one of the fastest-growing areas in the cryptocurrency market in 2019.
Many excellent analytical resources have also been created, which I would like to share. They will definitely help you to find and understand all the necessary information in the DeFi field.
@CryptoRankNews
Forwarded from CryptoVigilante
Forwarded from Crypto Wallet & Crypto Card World 🔥💵🤖
Cryptonews
Here’s What Bitcoin’s 2 Biggest Privacy Wallets are Working on in 2020
It’s no secret that Bitcoin has issues when it comes to privacy. After all, it’s pretty difficult to implement privacy features in a system that puts the entire history of transactions on a public ledger for everyone to see.
Forwarded from CryptoRank Analytics
CME Bitcoin futures with contract expiration in MAR 2020 are trading above $10,000! 🔥🔥
https://www.cmegroup.com/trading/equity-index/us-index/bitcoin.html
@CryptoRankNews
https://www.cmegroup.com/trading/equity-index/us-index/bitcoin.html
@CryptoRankNews
Forwarded from Stacked
The Crypto Market Is Tearing It Up
Talk about a run! The cryptocurrency market is currently running wild in the streets with Ethereum, of all major assets, leading the way.
We’ve loved Ethereum for a long time and have patiently waited for this moment since somewhere back in 2018. After BTC bounded out of its slump a few weeks back, the altcoin market perked up, signaled by big moves in BSV, BCH, LTC, ICX, and now ETH.
When you think about it, this progression of events does make sense. We’re witnessing something more akin to a classic cryptocurrency bull cycle where BTC runs then consolidates followed by sweet gains trickling down into other assets before everyone gets in on the fun.
Been a while since this type of activity has been seen in the market, however. Where is it all leading to?
$8K BTC — the Bottom, or New Normal?
The $8,000 range has an unparalleled magnetism over BTC. It’s almost as though there is an imaginary leash yanking at BTC’s neck every time it strays too far. Well, here we are in the upper $9K area despite appearing on a few occasions as though a downward spiral was in the cards.
What kind of play does BTC make from here? With volume steadily increasing and a rising tide on all major cryptocurrencies currently in play, there is certainly decision time incoming.
It’s looking more and more likely that there is enough gas in the tank for a run at $10.4K, but there are several off-market factors to consider. With the world currently consumed by volatile politics, trade wars, and a pandemic, it’s safe to say that anything can change in a given moment.
However, Bitcoin’s strong performance during such volatile times is also a testament to the long-running argument that it just may be a real safe-haven asset. Today’s rally also corresponds with the big bounce seen in traditional markets like the Dow Jones.
What would really be interesting is a BTC uptrend while traditional markets report lackluster performance. We saw that a bit earlier this week, but it wasn’t notable enough to be overly encouraging.
The rest of this week and early next should bring plenty of fireworks so stay tuned, and keep an eye on Ethereum 😉
Talk about a run! The cryptocurrency market is currently running wild in the streets with Ethereum, of all major assets, leading the way.
We’ve loved Ethereum for a long time and have patiently waited for this moment since somewhere back in 2018. After BTC bounded out of its slump a few weeks back, the altcoin market perked up, signaled by big moves in BSV, BCH, LTC, ICX, and now ETH.
When you think about it, this progression of events does make sense. We’re witnessing something more akin to a classic cryptocurrency bull cycle where BTC runs then consolidates followed by sweet gains trickling down into other assets before everyone gets in on the fun.
Been a while since this type of activity has been seen in the market, however. Where is it all leading to?
$8K BTC — the Bottom, or New Normal?
The $8,000 range has an unparalleled magnetism over BTC. It’s almost as though there is an imaginary leash yanking at BTC’s neck every time it strays too far. Well, here we are in the upper $9K area despite appearing on a few occasions as though a downward spiral was in the cards.
What kind of play does BTC make from here? With volume steadily increasing and a rising tide on all major cryptocurrencies currently in play, there is certainly decision time incoming.
It’s looking more and more likely that there is enough gas in the tank for a run at $10.4K, but there are several off-market factors to consider. With the world currently consumed by volatile politics, trade wars, and a pandemic, it’s safe to say that anything can change in a given moment.
However, Bitcoin’s strong performance during such volatile times is also a testament to the long-running argument that it just may be a real safe-haven asset. Today’s rally also corresponds with the big bounce seen in traditional markets like the Dow Jones.
What would really be interesting is a BTC uptrend while traditional markets report lackluster performance. We saw that a bit earlier this week, but it wasn’t notable enough to be overly encouraging.
The rest of this week and early next should bring plenty of fireworks so stay tuned, and keep an eye on Ethereum 😉
Forwarded from CryptoVigilante
My medium account was shut down because of censorship, but we got our article regarding the scam project Insolar published again.
https://www.altcoinbuzz.io/cryptocurrency-news/finance-and-funding/the-insolar-ins-dilemma/
https://www.altcoinbuzz.io/cryptocurrency-news/finance-and-funding/the-insolar-ins-dilemma/
Altcoin Buzz
The Insolar (INS) Dilemma - Finance and Funding - Altcoin Buzz
Insolar blockchain project has faced criticism from the INS community due to their upcoming mainnet launch and subsequent, INS to XNS swap.
Forwarded from Krypto Leaks
Algorand, Blockstack, Tezos and Hashgraph only have around 10-20% of developer traction compared to EOS, NEO and Tron at the same age of their Mainnet.Gochain and Thunder much worse. All of them combined would be around less than 40% developer traction in comparison to Ethereum. It is like these Ethereum killers all tripped and fell down from untied shoelaces and landed on their knives.