TokenPayTokenPay TPAY* news

TokenPay is a decentralized and self-verifying payment platform.
Price, 24h
0.7798 USD / 0.00022290
-2.19% / -2.19%
Volume, 24h
14,443 USD
-16.67%
Marketcap
0 / 0%
Emission
Chart price/vol/NIS 7d
Asset details

World latest news

New TokenPay eFin Decentralized Trading Exchange to List XRP, Ripple’s Native Crypto Coin

As soon as the current bearish run of the crypto market began, XRP took over the 2nd spot from ETH, the longtime second largest cryptocurrency per market capitalization. This was basically because the token has strong fundamentals and Ripple was working hard to broker partnerships and promote use cases of XRP. ETH lost more than 50% of their market cap while XRP lost only about 30%. At a point of time, XRP had widened its gap by almost $5 billion lead on the market cap. The partnerships of Ripple had fueled this phenomenon, and it continues even now. Recently, eFin announced that XRP has been added to their platform. XRP was just added this week by @BlocksizeDevs — eFIN (@efinexchange) November 25, 2018 eFIN, which will finally be launched on December features a proprietary liquidity system, meaning “it will be the FIRST decentralized trading platform to actually have volume”. It is regarded as an exchange that solves the custody problem with user controlled wallets and also the privacy problem with Tor. TokenPay is a decentralized, self-verifying payment protocol. The protocol can only be accessed through the Tor Browser. The coin aims to be one of the most secure cryptocurrencies in existence. Like other cryptocurrencies, TokenPay’s key goal is to enable secure transactions between multiple parties. For maximum privacy, transactions are conducted with TokenPay’s own proprietary and untraceable digital asset called TPAY – this is the token used by the TokenPay protocol. Some of the key features and benefits of the TPAY token include a stealth addressing system, encrypted messaging, anonymous trading, and a uniquely designed hashing algorithm. Together, these allow for fast and secure transactions across the internet. Through eFIN TokenPay is looking into a decentralized exchange. A DEX is a decentralized exchange and is essentially a new type of pair matching that allows people to place orders and trade cryptocurrencies without an intermediary institution managing the ledger or controlling user funds. Because users do not need to transfer their assets to the exchange, decentralized exchanges reduce the risk of theft from the hacking of exchanges. They can also prevent price manipulation or faked trading volume through wash trading and are more anonymous than exchanges which implement know your customer requirements.
Bitcoin Exchange Guide

Will Crypto Platform TokenPay (TPAY) Partner with Elon Musk’s Tesla Motors?

Is there a possible partnership between TokenPay (TPAY) and Tesla? Well, if the indicators we’re seeing is anything to go by, maybe. TPAY’s founder Derek Capo recently tried to engage with Elon Musk on Twitter, asking him to start giving some thought to accepting cryptocurrencies as payment options. This is coming in the wake of a similar engagement with Litecoin Foundation that started a process that finally led to a partnership with the famed crypto’s foundation. Derek stated that he’s interested in purchasing some vehicles from Tesla using cryptos, and that his company can help process the payments courtesy of TPAY’s crypto to fiat exchange process. He went on to state that he’s a big fan of Tesla’s cars –as evidenced from his family currently owning two of the models and him looking to get another three. Derek said: “@elonmusk great @karaswisher interview. I want to buy a @Tesla with crypto my company can handle crypto to fiat payments etc. Family has 2 teslas 90d and 100d we want to buy 3 more. Serious inquiry, who can we talk to in finance?” Derek told Elon that a viable partnership between TPAY and Tesla can mean a lot for the Tesla brand, and even get more crypto enthusiasts. He states there’s a possibility that the world can go from asking “when lambo?” To “when tesla?”. “I would personally buy this one. I am shre we can chsnge from “when lambo?” To “when tesla?” He tweeted. In the cryptocurrency community, buying a Lamborghini with cryptos is seen as an ultimate indicator that you have arrived and made a lot of money from trading cryptocurrencies. So, he feels that the partnership can get the crypto world to start talking about Tesla in the same way as they do Lambos. Of course, Elon Musk has neither answered nor replied his tweet. And, some people are likely going to think of this as some fantasy that will probably never happen. Whatever the case, we’re guessing the world is going to have wait a little longer before this becomes a reality. Cryptos are particularly volatile, and it’s easy to see why a company like Tesla might be hesitant to accept cryptos as payments. Already, the company has a history of selling out its cars before its even manufactured, and all its buyers do so using fiat currencies, bank payments and wire transfers. So, taking crypto payments just might not be on its agenda for now.
Bitcoin Exchange Guide

Monero Dev FluffyPony and TokenPay Twitter Feud, Saying XMR Is Only Good for Illicit Use

Monero and TokenPay Get into Feud on Twitter, Leading to Comments that TokenPay Are “Snake Oil Salesmen” Twitter is often the host of every bit of drama that comes through the cryptocurrency industry, which would be due to the fact that both individuals and platforms can voice their opinions. Users on the social media website got a taste of yet another argument between platforms, involving the lead developer of Monero and the crypto payment platform TokenPay. Based on the posts, it looks like the developer, Riccardo Spagni, received an invitation from TokenPay to have a debate that would allow him to clarify allegations against TokenPay that he made. Those allegations included that TokenPay is centralized, and that their Distributed Proof of Stake [DPoS] model didn’t have the same quality as the distributed database. The interaction went on for a while, but TokenPay’s CEO, Derek Capo, ended up accusing Spagni of developing a platform that is meant for criminals to get to the darknet. In contrast, he said that his own work with TokenPay was only meant for the legitimate markets. Spagni abstained from the debate, because it didn’t want to perpetuate the publicity that they seemed to want for free. However, that didn’t stop him from calling the TokenPay team a group of “snake oil salesmen.” Even though he narrowly avoided the actual debate, he was still accused of giving TokenPay free publicity. He was even held responsible for the withdrawal from the debate, on the grounds that TokenPay and Monero could ultimately be competitors later on. Spagni commented, “Totally different. I’m not retweeting any of these replies, so they don’t appear in my timeline. Most of my followers won’t even be aware that the debate is happening. An audio/video/live debate would be markedly different.” TokenPay didn’t believe that Monero happens to be any kind of competition between the two, considering that Monero was drawn to the dark market adoption. TokenPay’s focus seems to be on legitimate commerce interactions. To counter TokenPay’s argument, Spagni said that the Monero market wasn’t marketed specifically to criminals on the dark market, but it was clear that these investors needed the strictest privacy. He added, “But they’re also smart, and will only start using technology if it’s truly privacy enhancing. Think about that for a second.” TokenPay still claimed that Monero was responsible for developing projects that were specifically meant for the criminal world, noting that the authorities would figure it out soon. They added, “We will keep doing what we are doing in the legitimate commerce markets. Stop worrying, we aren’t competitors.” Spagni still felt the need to claim that Monero’s attempts to provide privacy was to benefit those individuals at the bottom of the barrel. Blaming TokenPay for their insinuation, he ultimately added, “If criminals choose to also use it we can no less stop them than a kitchen knife manufacturer can prevent their knife from being used to murder.”
Bitcoin Exchange Guide

Monero [XMR]s lead developer states TokenPay are “snake oil salesmen”

Recently, Twitter witnessed a feud involving the lead developer of Monero, Riccardo Spagni, who goes by the name Fluffy Pony on Twitter, and TokenPay, a cryptocurrency payment platform. According to the posts, Riccardo was invited for an open debate by TokenPay to address the allegations made by him which stated that TokenPay was a centralized platform and their proposed Distributed Proof of Stake [DPoS] model was significantly worse than the distributed database. After a series of discussions, the CEO of TokenPay, Derek Capo accused Riccardo of creating a platform which could be used by criminals to access the darknet marketplace whereas TokenPay operated only in legitimate markets. He said: “while there are legitimate needs for privacy, drug dealing, child porn, and trafficking do not count” Riccardo declined to debate with TokenPay as he did not want to give them free publicity, adding that they were “snake oil salesman”. Spagni was later accused of giving TokenPay publicity by publicly debating on Twitter. Furthermore, he was held responsible for declining the debate due to the fear that TokenPay would be a competitive concern for Monero in the future. Riccardo stated: “Totally different. I’m not retweeting any of these replies, so they don’t appear in my timeline. Most of my followers won’t even be aware that the debate is happening. An audio/video/live debate would be markedly different” TokenPay stated that they were not in a competition with Monero as the platform’s marketing was clearly driven towards dark market adoption whereas TokenPay was solely focused on legitimate commerce activity. Riccardo countered TokenPay by stating that criminals on dark markets needed the strongest privacy. The Monero platform was not marketed to such criminals but they just started using the Monero without taking permission. He added: “But they’re also smart, and will only start using technology if it’s truly privacy enhancing. Think about that for a second” According to TokenPay, Monero was building products which catered to the criminal underworld. They further stated that Monero’s illegitimacy would soon be realized by authorities. They added: “We will keep doing what we are doing in the legitimate commerce markets. Stop worrying, we aren’t competitors” In the post, Riccardo stated that Monero’s intention to enable privacy was for the downtrodden and underserved. He further blamed TokenPay for their horrific insinuation. He added: “If criminals choose to also use it we can no less stop them than a kitchen knife manufacturer can prevent their knife from being used to murder” The post Monero [XMR]s lead developer states TokenPay are “snake oil salesmen” appeared first on AMBCrypto.
AMBCrypto

Etihad’s Exclusive Partner Crypto Emporium To Support TokenPay (TPAY) Amid Controversy

TokenPay platform, Litecoin’s (LTC)’s newly acquired partner announced on September 19 that Crypto Emporium has made a decision to bring onboard TPAY on its platform. TokenPay has hopes that the integration is bound to increase the adoption and use of their token as it is being introduced to a new market with over a million potential users. On its official Twitter handle, TokenPay said that Crypto Emporium, which is the only digital currency partner of Etihad Airways has announced that it would be integrating $TPAY on its platform. This, therefore, means that the token will be available to more than 1.8 million people who are currently using the airline every month. By joining hands with Crypto Emporium, TokenPay believes that it will get opportunities to get in different areas of service. Crypto Emporium is a crypto-only luxury platform. Just recently, during the Litecoin Summit, Derek Capo, the chief Executive Officer (CEO) of TokenPay talked about other collaborations that his company has already gotten into like Litecoin Foundation. Charlie Lee, the Managing Director of the Foundation went on a quest with Litecoin Foundation to get a stake in Weg Bank AG, a German bank using the partnership with TokenPay earlier this year. Lee said that the post partnering deal with the TokenPay enable Litecoin Foundation to get a 9.9% stake in the bank while offering back marketing support as well as technical guidance. Controversy in the partnership Just recently, the announcement that Crypto Emporium had been made the exclusive Etihad partner was made. Despite this announcement, there was uproar and the official tweets failed to confirm the initiation. One of the tweets said that “Sorry to bring you this news, but it is not correct. We had the same confusion when announced for the verge” Crypto Emporium in response said that they were not able to discuss in detail what the deal was. The company noted that it had been misled on the details of that partnership after they had received information that they would be Etihad’s exclusive digital currency partner. They say that that was not the case and they terminated the contract. Concerning this issue, Crypto Emporium later announced on Twitter that they had identified some loopholes with the partnership. They, however, declined to reveal the details of those loopholes. Crypto Emporium disappointment In their statement they said that after they had identified those loopholes, they got extremely disappointed. Even then, they received a lot of requests from individuals who wanted to book flights and hotels using digital currencies. Their biggest worry is as to whether people would use a flight/hotel crypto-only website if they were to create one. An anonymous Twitter user Stuart M Foulkes who is also a blockchain space fan inquired of the details of the limitations in the partnership. In their response, Crypto Emporium failed to reveal any details regarding the limitation of the partnership. They said that they could not divulge any information other than the fact that they were duped to be the sole digital currency partner of Etihad Airways.
Bitcoin Exchange Guide

Etihad’s exclusive partner adds support for TokenPay; controversy surrounds the partnership

On 19th September, Litecoin [LTC]’s newly partnered platform TokenPay announced that Crypto Emporium has decided to integrate TPAY on its platform. TokenPay believes that this integration will increase the adoption of their token as it will be introduced to over a million people. TokenPay, on its official Twitter handle, said: “REAL #TPAY ADOPTION Crypto Emporium, which is the exclusive cryptocurrency partner of Etihad Airways, said it is adopting $TPAY on its platform, therefore bringing the cryptocurrency closer to over 1.8 million people using Etihad Airways every month.” TokenPay also believes that its partnership with Crypto Emporium, which is a crypto-only luxury platform, will open doors for TokenPay to enter different areas of service. During the recent Litecoin Summit, the CEO of TokenPay, Derek Capo spoke about several other partnerships that the company has been involved in, such as Litecoin Foundation. Earlier this year, Litecoin Foundation and the Managing Director of the Foundation, Charlie Lee went on a quest to acquire a stake in a German bank called WEG Bank AG via the partnership with TokenPay. Regarding this, Charlie Lee explained that post partnering with TokenPay, Litecoin Foundation received a 9.9% stake in the bank in exchange for technical guidance and marketing support. Recently, the news of Crypto Emporium being the exclusive partner of Etihad broke out. However, as per the official tweets, the partnership could not claim its initiation. Comment on TokenPay’s tweet | Source: Twitter Regarding this matter, Crypto Emporium made an announcement on Twitter stating that the platform had discovered a few limitations with the partnership. They also said the details regarding the limitations cannot be revealed. The platform said: “After discovering the limitations of the Etihad partnership, none were more disappointed than ourselves. However, we saw a HUGE outreach of people wishing to book flights/hotels using #crypto. If we were to create a crypto-only flight/hotel comparison website, would you use it?” Stuart M Foulkes, a Twitter user and blockchain space enthusiast inquired: “What were the limitations…” Here, Crypto Emporium did not reveal any other details of the partnership limitations and stated: “We can’t divulge details. Other than the fact we were sold on that fact we were the exclusive cryptocurrency partner of Etihad Airways. This was not the case.” The post Etihad’s exclusive partner adds support for TokenPay; controversy surrounds the partnership appeared first on AMBCrypto.
AMBCrypto
More news sources

TokenPay (TPAY*) news by Finrazor

Trending

Hot news

Hot world news

US CFTC Plans to Seek Public Feedback to Better Understand Ethereum Blockchain

The latest report on Ethereum future contract unveiled that the Commodity Futures Trading Commission (CFTC) is looking for an in-depth analysis of Etherum blockchain. In order to improve the commission’s understanding of Ethereum and its underlying technology, the CFTC has announced its intention to publish a respective Request for Information (RFI) with the Federal Register. According to the statement: “The Commodity Futures Trading Commission (CFTC) is seeking public comment and feedback in order to better inform the Commission’s understanding of the technology, mechanics, and markets for virtual currencies beyond Bitcoin, namely Ether and its use on the Ethereum Network.” The Commission has put up a total of 25 questions which include topics such as the impetus for developing Ether and the Ethereum Network, especially relative to Bitcoin; the use of the Ethereum network by the developer community; scalability challenges, if any, of the Ethereum network; proof of work and proof of stake; similarities and differences in the governance of Ethereum and bitcoin networks; introduction of derivative contracts on Ether; and security issues, among others. Notably, one question asks: “How would the introduction of derivative contracts on ether potentially change or modify the incentive structures that underlie a proof-of-stake model?” A number of questions following this go further into detail about how the ether market might impact a derivatives market built on top of it – or vice versa. The CFTC said the comments received will benefit LabCFTC, the CFTC’s Fintech initiative, and help to inform the Commission’s understanding of these emerging technologies.
BitZamp

Unbreakable: Mike Novogratz Remains a Bitcoin Bull in a Bleeding Market

Currently, when crypto believers generalize every Wall Street banker to be a Bitcoin critic, a celebrated hedge fund manager and former Goldman Sachs executive changed his perception. Mike Novogratz is a now a name beyond the mainstream finance, and perhaps among the only consistent voices speaking in favor of bitcoin even after its 80 percent-plus drop this year. The 54-year old financial veteran sat before Bloomberg’s Erik Schatzker recently to discuss how the crypto market crash impacted their ventures and how he remains confident about crypto’s long-term potential. Novogratz admitted being on the losing side, stating that his cryptocurrency merchant bank, dubbed Galaxy Digital Holdings Ltd, brought $136 million in losses to its investors when he was raising funds for it. Nevertheless, the crypto crash couldn’t put Galaxy beneath the grounds, and the project was still on its way to – at least – break-even in 2019, he explained. “We’re not nervous; we’re frustrated that our investors have lost money. We’ve got plenty of cash to run the business for a long time. I keep telling my guys we’re a surfer getting ourselves in shape for when the next wave comes, and when the wave comes we’d better be the Laird Hamilton of crypto.” Digital Gold in Making Analysts have continuously argued whether or not bitcoin has a use-case in the mainstream. A majority of them believes that the digital asset’s lower adoption make it an overvalued bubble similar to the infamous Tulipmania from the Dutch Golden age. Investors have entered bitcoin markets on a promise of getting rich quickly, and it is no more stable than a pyramid scheme, i.e., it is all horns but no product. Novogratz, on the other hand, interpreted bitcoin as a digital gold in the making, counterarguing that it is one of the only crypto assets that “gets to be a legal pyramid scheme.” Because, to him, it is the belief that denotes value to a store of value- nothing more, nothing less. “All the gold ever mined in the history of the world fits in an Olympic-size swimming pool,” reasoned Novogratz. “You’re out of your mind to think that pool’s worth $8 trillion. But it is because we say it is.” As a metal, a store of value asset like gold does have plenty of use cases. Most notably, it is a good reflector of electromagnetic radiation such as radio and infrared rays, as well as visible light. Therefore, gold makes an ideal metal when it comes to protecting artificial satellites, astronauts’ helmets and in electronic warfare planes. But, in reality, only about 17% of the mined gold gets used in industrial applications – minus jewelry – while the rest gets stored inside vaults. That being said, the value of gold bullion itself is 83% speculation and 17% use case. Bitcoin, according to Novogratz, strictly possesses such characteristics. “The fact that David Swensen [Yale University’s chief investment officer] put an investment into Bitcoin, with his reputation on the line, his endowment on the line, tells you something. Some of the smartest people in the investing world think it’s a store of value,” Novogratz asserted. Unbreakable: Mike Novogratz Remains a Bitcoin Bull in a Bleeding Market was last modified: December 12th, 2018 by Davit BabayanThe post Unbreakable: Mike Novogratz Remains a Bitcoin Bull in a Bleeding Market appeared first on NewsBTC.
NewsBTC

Mike Novogratz: Bitcoin Was a Drug and We’re at the Methadone Clinic Now

CoinSpeaker Mike Novogratz: Bitcoin Was a Drug and We’re at the Methadone Clinic Now A former partner at Goldman Sachs who is popularly called the “pretty face of cryptocurrency” Mike Novogratz, said that he is now the ugly face of the bust. Talking to Bloomberg, he pointed at SEC sanctions on certain ICOs and the uncertainty surrounding Bitcoin Cash’s hard fork as the reasons behind Bitcoin’s drastic fall from $6,200 to $3,400. However, Novogratz remains confident that Bitcoin will make a comeback. “I do believe Bitcoin is going to be digital gold. We have a business that we think can break even next year, if not make money. We’ve got plenty of cash to run the business for a long time. I keep telling my guys we’re a surfer getting ourselves in shape for when the next wave comes, and when the wave comes we’d better be the Laird Hamilton of crypto.” First, says Novogratz, they thought of crypto as of a bear market. “I went into it thinking in the long run crypto is going to be a real structural shift in the world and I can just hedge my portfolio. And to be fair, we did a really great job not losing money the first 60 percent down. What you forget is that a market like Bitcoin that’s down 84 percent has dropped 60 percent—and then another 60 percent. That’s where the pain happens. You start buying Ether again, because it’s only $400 after being at $1,300. But then it drops to $100, and you’ve lost 75 percent of your money. We haven’t done horribly in that context, but we’re still down.” He then explains what he thinks it’s next for crypto-world. He invested in a company called High Fidelity, which is a virtual world. “Me and you, we’ll sit down, and we’ll have virtual beers. People think I’m crazy when I say that, but Second Life does $500 million a year of GDP, real money traded back and forth in a virtual world with old technology. That’ll be the first use case where blockchain really works.” One of Novogratz ventures in the field of digital currency is the cryptocurrency bank Galaxy Digital LP which began trading back on August 1st, 2018. The bank was off to a very slippery start, losing 20 percent per share in a single day, which added to the company’s overall estimated losses of about $134 million in Q1 of 2018. At the time, the former Goldman Sachs partner once again said that he thinks “we’ve pretty much bottomed.” However, the market has plummeted since, as Bitcoin lost roughly another 60 percent of its value. Yet, Novogratz says that the situation is “not as dramatically as one would think.” Bitcoin Price Rise was Like a Drug High Addressing the fears surrounding Bitcoin he explains the price rise as a drug, “an instance of testosterone boiling over and its fall led to pessimism and rampant fear.” He said: “That was a drug, and I don’t say that lightly…there’s the pessimism, and the fear, and the “Oh my God, it’s going to zero.” But it’s not going to zero. We’re at the methadone clinic.” Novogratz had already been saying that the Bitcoin could hold its position till the end of the year and maybe rise, but then disaster struck. He thought Bitcoin, “was going to hold at $6,200…. but then Bitcoin Cash decided to fork again.” He also mentioned that ICO legislation by the SEC increased investor panic: “The SEC came out and sanctioned a few ICOs and said- oh, by the way, your investors can sue for damages. That scared the heck out of a lot of people.” Novogratz further added that “the ICO market is pretty much dead right now,” however, the regulatory body, “doesn’t want to kill this innovation.” Many crypto proponents of Bitcoin have equated the top crypto to digital gold, Novogratz is one among them, he said: “That means Bitcoin is the only one of the coins out there that gets to be a legal pyramid scheme. Just like gold is. All the gold ever mined in the history of the world fits in an Olympic-size swimming pool. You’re out of your mind to think that pool’s worth $8 trillion. But it is because we say it is. While I believe in the underlying technology and believe in the crypto movement, when prices get stupid, I sell. A lot of my friends in crypto just couldn’t let go. They were saying that this is going to change the world. Revolutions don’t happen overnight. I’d be walking down the street, and people would come up to me wanting to take selfies. That’s when I started to think, OK, this is weird.” Always Cautious About Bitcoin as a Currency It’s more than obvious that he is still being cautious. A year ago, he was known as one of the biggest pro-bitcoin advocates but always saying that bitcoin will be difficult for governments to shut down. “I’ve got concern that if price movements go higher we’re going to get more regulation, but I think it’s hard to shut down. I don’t think that’s a probability. Banks will be slow to move into the industry,” Novogratz then said, adding that he “doesn’t see quick adoption of bitcoin as a currency.“ He also said that one of the big risks out there right now is that prices are moving so fast that regulators are going to get nervous. “I could legitimately see bitcoin go $13,000, $14,000, $20,000, $25,000 and see somebody balk.” He also warned on the fact that right now most regulators, including those in the U.S., are working with the digital currency system and are “intrigued” by it. Today, one thing where Novogratz remains firm is that he reiterates his view saying institutional entry is key for the Bitcoin price surge. Unless that happens, a sustainable price surge in Bitcoin seems a distant dream. Novogratz says that perhaps we can see a significant institutional money flow in the first half of next year, 2019. Steady Growth or Nuclear Winter for Crytocurrency? Despite a huge cryptocurrency market crash, VC billionaire Tim Draper believes, the value of Bitcoin will keep going higher in the upcoming years. Speaking to Thiel Macro’s Mike Green earlier this month, the billionaire said he believes virtual currencies will eventually overtake fiat currency, making up two-thirds of the world’s currency value. “Down the road, when we can easily spend, or invest, or do whatever we want with cryptocurrencies—they’re frictionless, they cost you less,” Draper told On the other hand, the billionaire investor and venture capitalist Jim Breyer believes that the promise offered by the technology is too great for it to be permanently buried by short-term market movements. Breyer kept saying that the technology is too big to be dismissed just because of a temporary bear market. He warned that “we’re close to a nuclear winter right now with cryptocurrency.” Mike Novogratz: Bitcoin Was a Drug and We’re at the Methadone Clinic Now
Coinspeaker

Cubits is Bankrupt and Withholding User Funds As OneCoin Ties Exposed

Anger continues to engulf cryptocurrency trading platform Cubits after executives suddenly announced the company was bankrupt, blocking all user funds. Cubits Owner: Funds Recovery ‘Unsuccessful’ In a press release dated December 11, Dooga Ltd., the UK-based entity trading as Cubits, claimed “collusion” which resulted in a “criminal act” involving the loss of €29 million ($33 million) in February 2018 had forced it to shut down. “Since February, Dooga has made every possible effort to recover these funds,” the release reads. Unfortunately – contrary to expectations – these efforts have been unsuccessful up until now. As Bitcoinist reported December 11, officials had told users on Twitter that Cubits was undergoing “maintenance” and would “be right back.” An identical message had appeared on the company’s website, but on Tuesday this changed to a 500 error message and the website went offline. A fresh tweet then confirmed Dooga had entered administration, leaving already frustrated users bewildered at the conflicting official information. Cubits had begun delaying withdrawals by weeks, some said, while another told Bitcoinist he was looking to involve law enforcement as a result of the company withholding his money. Payments Coordinator Endorses OneCoin At the same time, curious activity among senior management revealed the company’s payments coordinator Eloise Debono to be an advocate of OneCoin, a defunct Ponzi scheme, which has attracted warnings from multiple countries’ authorities over illicit practices. “Bitcoin can be bought and sold on many different exchanges, meaning you could be paying or receiving more or less than you should be,” she wrote in a bizarre article in 2016. OneCoin uses one centralised exchange called OneExchange, where there is a fixed rate for buying and selling. I personally think this is more secure and less volatile. COO Max Krupyshev, listed on LinkedIn as Cubits’ “head of crypto business,” left in November, weeks before users began to complain about withdrawal and funds access problems. Liquidator: Cubits Operator ‘Secure’ According to the company’s administrators, users will receive official correspondence about the debacle in the coming days. “Our goal is to achieve the best outcome for creditors generally at the earliest possible date,” Steve Parker from insolvency firm Opus Business Services Group commented. “Dooga’s current position is secure, investigations are proceeding and we will be writing to creditors, formally, this week.” What do you think about the ongoing Cubits debacle? Let us know in the comments below! Images courtesy of Shutterstock The post Cubits is Bankrupt and Withholding User Funds As OneCoin Ties Exposed appeared first on Bitcoinist.com.
Bitcoinist

Tezos [XTZ] up by 13%; boost comes after Huobi Global teases listing

Tezos [XTZ], the token which ranks on the 20th position on CoinMarketCap’s list, has been going through a rough patch, owing to the strong bear market. However, the time appears to have been changing for XTZ as it has been seen siding the bull. Source: CoinMarketCap According to CoinMarketCap, the coin was valued at $0.41 with a market cap of $252 million, at the time of press. The coin reported a 24-hour trade volume of $2 million and grew by 1.80% in an hour. The maximum trade volume of the coin was registered by Gate.io, with a market cap of $510,404 with XTZ/USDT pair. It was followed by UEX on the second and third position. UEX on the second position registered a trading volume of $398,341 with XTZ/USDT pair and on the fourth position, the market cap was noted to be $394,993 with XTZ/BTC pair. Source: CoinMarketCap This comes after the coin was valued at its lowest at $0.31 recently, with a low market cap of $192 million. The trading volume of XTZ was reported to be $3 million. The rise in the coin’s prices is speculated due to getting listed on Huobi Global. Huobi released a statement informing the crypto world about this. It read: “Tezos (XTZ) will be launched on Huobi Global on December 12, 2018 (GMT+8). Deposits will be available from 14:30, December 12, 2018 (GMT+8). XTZ/BTC and XTZ/ETH trading will be available from 18:00, December 13, 2018 (GMT+8). Withdrawals will be available from 14:30, December 16, 2018 (GMT+8).” Even though the coin is struggling to make over $2 million in trading volume, it has reported an uptrend by 13% over 24 hours. Meanwhile, there have been constant talks about Tezos being listed on Coinbase over the past couple of months and many holders are hopeful about the same. On December 7, Coinbase released a list of potential cryptocurrency list, which may be a part of the new listing. This listing included tokens like Cardano [ADA], EOS [EOS], Stellar [XLM], XRP [XRP], and also Tezos [XTZ]. An update is awaited on Coinbase’s end about the final listing. Tezos seem to be upping its game and fighting the bear head-on. The post Tezos [XTZ] up by 13%; boost comes after Huobi Global teases listing appeared first on AMBCrypto.
AMBCrypto
By continuing to browse, you agree to the use of cookies. Read Privacy Policy to know more or withdraw your consent.