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AUGUR Price Prediction Today: Daily (REP) Value Forecast – June 12

The REP/USD market may encounter a selling force around $19 horizontal line if a false spike occurs at that point. Overall sentiment about this market is that it has been on a note of recuperating from selling pressure. REP/USD Medium-term Trend: Ranging Distribution territories: $20, $21, $22 Accumulation territories: $16, $15, $14 The current medium-term […]
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New Augur version promotes more liquid and valid prediction markets

The developers of Augur, a decentralized trading and betting protocol, just released a new version of the app that promotes more liquid markets and counteracts bad actors. The new version of the app released this week adds strong filters to help protect users from invalid market scams and redefines how markets are sorted in order […]
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New Augur version promotes more liquid and valid prediction markets

CryptoNinjas The developers of Augur, a decentralized trading and betting protocol, just released a new version of the app that promotes more liquid markets and counteracts bad actors. The new version of the app released this week adds strong filters to help protect users from invalid market... New Augur version promotes more liquid and valid prediction markets
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Augur [REP]: Prediction market opens up about defeating its largest attack

Augur, one of the leading prediction markets in the cryptocurrency space, has often been on the list of the most popular dApps on Ethereum. Notably, even well-known influencers such as Vitalik Buterin, creator of Ethereum, Arianna Simpson, Founder and Managing Director of Autonomous Partners, and Benjamin Roberts, CEO of Ether Capital Corp, have spoken highly of the project. Nevertheless, the project launched in 2018 was in the limelight earlier this year because of a flaw that was reportedly being exploited. Now, the developer team behind the project has released an official blog titled, ‘Defeating Augur’s Largest Attack,’ detailing the exploit and the fix for it. The blog post stated, “[….] [Augur V1] has faced one pressing attack vector: invalid market scams. Bad actors, or at least one prominent trader, have gamed the system to deliberately create and profit off of invalid markets at the expense of other traders. This attack vector was known before V1, but due to a technical issue, it was successfully exploited by scammers.” The post then expanded on the attack in the prediction market. The post stated that in the Yes/No market of Augur, a user had the option of either buying into the Yes side of the prediction market or the No side of the prediction market. Usually, when the event the market is betting on occurs, then the individuals who chose Yes would end up with one Ether, and the people who placed their bet against the event from occurring by choosing No would end up with no payout. But, if the event the market is betting on does not occur, then the people who chose No would end up with 0.50 Ether, and the ones that bet on its occurrence would end up with nothing. Interestingly, if the event the market bets on turns out to be “ambiguous or unverifiable,” then it would be considered an “Invalid” market, thereby resulting in both sides of the bets being paid 0.50 Ether. The blog stated that “Invalid scam involves creating markets that appear valid on the first glance, but are actually Invalid.” This includes closing the market before the outcome is revealed. Notably, this attack could be applied to other markets as well, such as categorical markets and scalar markets. The team stated, “The market creator (or other traders) then place orders for cheap YES and/or NO shares for under .50 Ether a pop. Traders who do not realize the market is Invalid or do not understand how Invalid markets work then buy these shares, and the scammers net a profit when the market resolves.” In order to counter this issue, the team released a new version of Augur App, which includes three main updates, new market sort and incentivization of liquid and valid contracts, invalid filter, tradable invalid, and invalidity bond. The post added, “We expect that these improvements will not just solve this issue for good but also make Augur a more reliable and robust protocol in general” The post Augur [REP]: Prediction market opens up about defeating its largest attack appeared first on AMBCrypto.
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Crypto-Based Trading App Augur Releases New Version That Promotes More Liquid and Legitimate Markets

TALLINN, Estonia, June 5, 2019 /PRNewswire/ -- The developers of Augur, a decentralized trading and betting protocol, just released a new version of the app that promotes more liquid markets and counteracts bad actors. Augur lets people trade and create prediction markets on any outcomes in the world, from political elections and sports to future asset prices. Since Augur's initial launch last summer, one or more bad actors have created and profited off illegitimate markets at the expense of unsuspecting traders. These markets appeared legitimate but had subtle gotchas that rendered them Invalid due to ambiguous or unverifiable terms. Bad actors bought cheap shares that netted a profit once the markets were deemed Invalid. Augur developers released a new version of the app this week that adds ...Full story available on Benzinga.com
Benzinga

Augur is making a big push to take down bad actors on its platform

Decentralized predictions market Augur has taken some big steps to stomp-out nefarious actors on its platform, the firm told The Block.   Augur allows users to create a market based on the outcome of an event, with actors buying shares of the outcome whether that be “yes” shares or “no” shares or something more complicated. When the outcome occurs, those who bet the winning outcome see an ether payout – 0.5 per share for a winning bet in a yes/no scenario and none for a losing bet. However, in an invalid outcome, which occurs when an outcome is unverifiable, yes and no shares each receive a 0.5 payout. Here is where cheaters take advantage, according to Augur. Attackers create an invalid market, perhaps by setting the end of the event to a time when it will certainly yield an ambiguous outcome, like before the event takes place. They then buy up shares of the least probable outcome at a price lower than the payout of the “invalid” outcome. Market creators do have to pay a validity bond when creating a market, which they only get back when the market is deemed valid, but this isn’t enough to deter bad actors since the fee is often less than the money made off the invalid market. The Fix To combat this, Augur has released a new Augur App that sorts markets to show those most likely to be of value to traders, deterring users from creating invalid markets for gain since they’ll be less likely to see a payout. “The ultimate goal is to create a game where everyone wins: where the individual incentives of market actors align with the utility and security of the protocol as a whole,” said Ben Davidow of Augur's growth strategy department, in a Medium post. Basically, the new set up filters out markets that have wide spreads and a lack of deep liquidity. As traders could manipulate markets previously with dust orders to give the appearance of a tight market. In addition to rewarding markets with tight, deep spreads by making them more visible, the filter also excludes markets that have no bids or asks that would incur a loss for the order creators in the case of Invalid resolution. Augur also plans to allow users to trade an invalid outcome, making it impossible to profit on an “invalid” in a yes/no outcome as scammers previously benefited from. However, the filters aren’t perfect and some invalid market scammers may still slip through. They can post a small order as a loss leader to pass the filter, but the payout will likely be severely limited by the spread filter, incentivising users to not waste their time building scams since it’ll be less lucrative. Augur isn’t the only decentralized platform that has had to take care of scammers. Bancor, a decentralized exchange, had front-running problems. Bancor subsequently hired a front-runner to find solutions. 
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Augur Price Prediction Today: Daily (REP) Value Forecast – June 5

The bulls now appear to make a come-back in the REP/USD trade operations. Meanwhile, the bulls may not easily break past $19 price line to the north. REP/USD Medium-term Trend: Bearish Distribution territories: $20, $21, $22 Accumulation territories: $16, $15, $14 Selling pressure has been more prevalent in than the buying activities quite a while […]
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Up, down, or sideways? Ethereum Classic, Ontology, OmiseGo, Augur, 0x technical analysis

Yesterday’s wild price action—where bitcoin saw its value jump above $9,000 to then quickly drop to $8,000—has the market wondering whether the bullish trend will continue or if it is time for a correction. Even though it seems like it is time to stay off the market, technical analysis of some of the most prominent altcoins could indicate otherwise. Ethereum Classic Since Feb. 6 ethereum classic has experienced a steady increase in its market valuation to reach a high of $8.9 on May 30, which represents a 141 percent gain from a low of $3.7. On the 3-day chart, a spinning top candlestick formed indicating that a correction may come. If ETC retraces, it could try to test the $7.2 level, the support trendline or even the major support given by the $5.6 price point. However, if the $8 support level where ETC is trading now is able to hold its price, it could continue to rise and try to test the $10 resistance level. A spinning top candlestick can also be seen on the 1-day chart predicting a pullback that could take ETC to $7.2. The bearish pattern will be invalidated if this cryptocurrency is able to trade above the recent high of $8.9. A bearish engulfing candlestick formed on the 12-hour chart. At the moment, ethereum classic is trading above the 7 MA which is a bullish sign, but if the bearish formation is validated this cryptocurrency could go down to test the 30 or 50 MA. It will be wiser to wait for a move above the previous high before entering a bullish trade. Ontology For over two months ontology has been consolidating between $1.6 and $1.0. During this time span, ONT has not been able to make a strong move out of this range. Currently, this cryptocurrency is trading around the $1.6 resistance level signaling that it could drop to the $1.0 support once again. If volume starts picking up, however, ONT could experience a bullish impulse that takes it all the way up to $2.8, which is where the next point of resistance sits. A double top formation seems to be developing on the 1-day chart. This is a bearish pattern that predicts an upcoming pullback. It validates what can be seen on the 3-day chart, in the sense that ONT could be about to go back down to $1.0 as it has been doing every time it reaches $1.6 for the last two months. A move higher could only be expected if ontology is able to trade above the recent high of $1.72. The TD Sequential Indicator gave a sell signal with a green nine on the 12-hour chart. A bearish movement to the $1.28 support level seen on this timeframe could be expected, but if the sell volume is high enough ONT could continue to go down to $1.15 or $1.0. OmiseGo Based on the 3-day chart, the market valuation of OmiseGo has been squeezing between the 7 and 100 moving average. A break above the 100 MA could take this cryptocurrency all the way up to the 200 MA, which is currently sitting around $7. Nonetheless, if OMG trades below the 7 MA it could drop down to the 50 MA at around $1.7. A trading range between $2.5 and $1.5 can be drawn on the 1-day chart with the $1.85 price point acting as the middle support zone. Now that OmiseGo reached the top of the range where it has been trading for over a month, it could be expected that it will go down to test the $1.85 support level. A break below support could take OMG to the bottom of the trading range, while a break above $2.5 could take it to $3. An ascending parallel channel is visible on the 12-hour chart. At the moment, OmiseGo sits on the middle of the channel indicating three possible outcomes. OMG could continue consolidating around this price point, it could fall to the bottom of the channel or it could rise to the top of the channel. Augur After reaching a low of $5.4 on Dec. 15, 2018, augur has gone up more than 370 percent to reach a yearly high of $25.7 on May 16. Now, REP retraced to $19 and has been trading below the 7-three-day moving average, which is a bearish sign. So far, the 30 MA seems to be holding its price from a further drop, but if it is no longer able to hold augur could fall down to the 50 MA, which sits at $17. On the 1-day chart, it can be seen how augur was trading above the 50-day moving average since early March, but on May 21 it moved below it. At the moment, it seems like this cryptocurrency could be on its way down to the 100-day MA or even the 200-day MA, sitting at $18 and $14 respectively. If REP is able to trade above the 50-day MA once again, it could continue its bullish trend taking it to new yearly highs. The Bollinger Bands appear to be squeezing on the 12-hour chart indicating a period of low volatility before a breakout is triggered. The levels watch out for are whether augur will move up past $21.4 resistance or drop below $18.6 support. A break above resistance could take this cryptocurrency to new yearly highs, while a move below support could prolong the correction that is currently underway. 0x 0x has had distinct price action this year. It appears to trade within a price range for a while before moving up to another price range. From late January until late March it traded between $0.27 and $0.23 following a breakout that has it now trading between $0.36 and $0.27 since the beginning of April. A move above this trading range could take ZRX to $0.45, where it could consolidate before a higher move, but a break move below could take it back to $0.23. A head-and-shoulder formation seems to be developing on ZRX’s 1-day chart. This is a bullish pattern that predicts a 40 percent move up upon the break of the neckline. A move above $0.36 will validate this pattern, while a drop below $0.27, which is where the right shoulder sits, will invalidate it. Overall Sentiment The market is going through a corrective period following the recent bullish impulse. Although it seems like there is potential for a further drop, this pullback could be part of a healthy continuation of the bullish trend. The different support points will determine whether the market will make new yearly highs or if it is on its way down to new lows.   The post Up, down, or sideways? Ethereum Classic, Ontology, OmiseGo, Augur, 0x technical analysis appeared first on CryptoSlate.
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Augur (REP) Decentralized Prediction Markets Will Be Extremely Difficult to Stop from Existing

The Managing Director and Founder of Autonomous Partners (ASP) , Arianna Simpson, on Thursday 23rd of May 2019 via Twitter spoke on the prediction market and the cryptosphere. Arianna, one of the pioneering crypto investors, stated that the prediction market “is of the most fascinating yet poorly understood areas” of DeFi (Decentralized Finance). In a […]
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Augur [REP]: Decentralized prediction markets are going to be much tougher to shut down

Arianna Simpson, the Founder and Managing Director of Autonomous Partners, recently spoke about the prediction market and the cryptocurrency space, with the main focus being Augur Project, on Twitter. The early-stage investor remarked that prediction market was one of the “most fascinating yet poorly understood areas” of Decentralized Finance. She said, 3/ They rely on the collective wisdom and info of a group, and allow participants to place bets on the probability of specific outcomes, where the value of a bet directly reflects the probability of an outcome occurring. — Arianna Simpson (@AriannaSimpson) May 23, 2019 Simpson further stated that people get involved in buying and trading activities on these markets, where the “value of a contract” differs based on a future outcome. This was followed by Simpson listing three common types of prediction market: binary, categorical, and scalar. She also pointed out that these market existed prior to gaining a lot of traction in the crypto-community, citing the example of Hollywood Stock Exchange [HSX], one of the first digital prediction markets. In terms of decentralized prediction market, she stated that Augur Project and Gnosis were one of the “few main platforms”, adding that it was the most happening platforms at present. Following this, Simpson gave a brief introduction about Augur, stating that it was a trustless, decentralized prediction market built on Ethereum. She stated that the market has four stages of progression: creation, trading, reporting, and settlement. She added that anyone could create a market based on current events. 15/ REP plays a central role in Augur’s operations, but is not used to trade in its markets. After the event on which a market is based has occurred, the outcome is determined by Augur’s oracle and traders can close out their positions and collect their payouts. — Arianna Simpson (@AriannaSimpson) May 23, 2019 Further, the Founder remarked that the predictive market were all centralized before Augur with centralized entity taking care of the key roles such as ledger maintenance, market outcome, and payouts. However, the inception of decentralized network “removes many of the risks of self-interest and corruption.” With Augur, the contracts are “fully automated” and the developers have no control over the outcome and other functions. 19/ One of the toughest issues facing PMs is their murky legal situation: some jurisdictions consider it gambling, while others view is as options trading. — Arianna Simpson (@AriannaSimpson) May 23, 2019 She concluded by stating that prediction markets were an “interesting way to tap the wisdom of the crowd”, adding that the decentralized versions were going to be “much tougher” to shut down. The post Augur [REP]: Decentralized prediction markets are going to be much tougher to shut down appeared first on AMBCrypto.
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Cryptocurrency influencers react to Facebook’s Libra, boon or risk for Bitcoin?

Some of the most prominent figures in the crypto community took to Twitter to share their thoughts on Facebook’s Libra cryptocurrency. While some claim that Libra lacks the necessary features to compete with Bitcoin in the race to become the world’s currency, others argue that it could destroy most altcoins and stablecoins in the market. 2/ Libra's mission is to enable a simple global currency and financial infrastructure that empowers billions of people. — David Marcus (@davidmarcus) June 18, 2019 Facebook’s Libra Facebook’s highly anticipated cryptocurrency was finally unveiled. “[It] is a new global cryptocurrency, built on an open-source blockchain called the Libra Blockchain featuring its own proof-of-stake protocol,” said the whitepaper. The term “global cryptocurrency” comes from the fact that it nodes will be distributed across the globe and it is not pegged to a single fiat currency, according to the documents. Instead, it will be backed by different real-world assets denominated in the American dollar, British pound, Japanese yen, and the euro and other low-risk securities. The Libra Association, a Switzerland-based non-profit, will release the Libra blockchain in 2020 with a group of 28 founding members that will be in charge of validating transactions in the network. The list of network validators include Visa, Mastercard, Paypal, Uber, Lyft, eBay, and others, that have invested around $10 million to be part of the board and operate a node. Facebook also launched a new subsidiary called Calibra, which is a digital wallet designed to “provide financial services that will enable people to access and participate in the Libra network.” With Facebook’s gigantic user base and its ability to leverage WhatsApp, Messenger, and Instagram, Calibra will instantaneously compete with the world’s most popular existing wallets and exchanges, such as Coinbase, RobinHood, CashApp, and others. Even though this is a massive play for Facebook for entering the financial services industry, the cryptocurrency community expressed a mixture of concern, distrust, and excitement. Many took to Twitter to express their sentiment about the recent move by the social network giant. Crypto Twitter’s reaction Anthony Sassano, the co-founder of EthHub, points out that in order to sign up for Calibra, a government-issued ID is required to “comply with laws and prevent fraud.” 2/ To get started with Calibra, you'll need a government-issued ID to sign up for an account and the website states that "identity verification is important to comply with laws and prevent fraud, so you know people are who they say they are." Well, of course 😅 — Anthony Sassano (@sassal0x) June 18, 2019 According to @AkadoSand, this KYC procedure poses a major security risk for its users since the first time a transaction is made from an account, any future transactions will be linked to it as well as any other sensitive information. $LIBRA will be the best thing that will happen to chain analysis and LE. From the moment you make a single tx, your id will be linked to it and all future txs forever Like BTC but as soon as you use it you're automatically KYC'ed. Profile, location, timestamps, preferences, etc — Akado 'Bitcoin Halving in 339 days' Sang (@AkadoSang) June 16, 2019 With a user base of two billion people, Changpeng Zhao, the founder and CEO of Binance, believes that Facebook will not only have access to its users names, IDs, addresses, phone numbers, family members, friends, real-time and historic location, but with the introduction of Calibra, it will now gain access to their financial data. Facebook Libra coin don't need KYC. They have so much more data on the 2 billion people. Not just name, id, address, phone number. They know your family, friends, real-time/historic location, what you like… They know you more than yourself. And now your wallet too. Best AML! — CZ Binance (@cz_binance) June 18, 2019 Such a vast amount of information under a central authority could lead to a “disaster in slow motion,” as Tamas Blummer, a Bitcoin Core developer, indicates. The VP at CoinTerra suggests that technical features of Libra, such as “account model, generic language, [and] on-chain scaling,” makes it more of an Ethereum competitor than Bitcoin. Libra resembles Ethereum more than Bitcoin. It contains all the features that make Ethereum garbage. account model, generic language, gas, on-chain scaling with sharding, some BFT consenus. In addition it has to implement all KCY and AML. A sure disaster in slow motion. — Tamas Blummer (@TamasBlummer) June 18, 2019 Along the same lines, Pavol Rusnak, CTO at SatoshiLabs, and Ran Neu-Ner, CEO of Onchain Capital,  asserted that Facebook’s new cryptocurrency could have the potential to replace altcoins and stablecoins, but it will fail against Bitcoin. Facebook just gave Bitcoin its biggest boost ever and also rendered 90% of alts useless at the same time. — Ran NeuNer (@cryptomanran) June 18, 2019 The fact that Libra is not decentralized or censorship resistant, while its legal and tax status remains unclear— as Larry Cermak, research director at The Block Crypto pointed out—reduces its chances of becoming “the Bitcoin killer.” Just so we are clear, Libra is:– not decentralized– not censorship resistant– not guaranteed to work technologically – not guaranteed to be cleared by regulators– not clear in regards to tax implications — Larry Cermak (@lawmaster) June 18, 2019 To Peter Todd, a Bitcoin Core developer, Libra is indeed just an “unscalable centralized database,” but to Saifaden Ammous, author of The Bitcoin Standard, it is actually the only cryptocurrency other than Bitcoin that has the potential to succeed. Libra whitepaper initial analysis: The only digital currency other than bitcoin that matters, and it could succeed massively. But it does not compete with bitcoin, it reinforces bitcoin's value proposition, and will likely need to rely on bitcoin if it succeeds. Thread👇 — Saifedean Ammous (@saifedean) June 18, 2019 Libra is still one year away from being launched and its impact on the cryptocurrency market remains to be seen. As Facebook advertises its new project to its 2 billion customers, more people will be exposed to the terms “cryptocurrency” and “blockchain,” which could bring more attention into the market. The overall sentiment across the crypto community can be summed up in one tweet by Alistair Milne, CIO at Atlanta Digital Currency Fund. Sell Libra, buy Bitcoin — Alistair Milne (@alistairmilne) June 18, 2019 The post Cryptocurrency influencers react to Facebook’s Libra, boon or risk for Bitcoin? appeared first on CryptoSlate.
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Facebook unveils Libra cryptocurrency

Facebook announced its own cryptocurrency Libra that will be backed and controlled by the Libra Association which also includes founding members Uber, Lyft and Spotify. The platform will allow users to buy and send money without racking up as many fees as traditional financial platforms. Users can buy or cash out the cryptocurrency at local exchange points and spend it using interoperable third-party wallet apps, according to a Libra whitepaper. The cryptocurrency also claims to make it easier to send money between countries for less that it would cost with traditional providers. Facebook is also launching a subsidiary called Calibra to handle its crypto dealings and protect user privacy by keeping Libra payments and Facebook data separate so that it won’t be used for targeted advertising. User identities also won’t be tied to publicly visible transactions but Libra association members will earn interest on money that users cash in. That interest will be held in reserve to keep the value of the currency stable. ProPrivacy.com digital privacy expert Ray Walsh expressed doubts about the platform given Facebook’s track record for protecting consumer data. “Considering that Facebook is already the second largest advertiser in the world (second only to Google), this added integration is concerning,” Walsh said. “The idea that social data and financial data could be combined is worrying, and although Facebook claims that it will keep the distinct data sets at arm’s length – it is hard to believe that consumer habits will not be tracked in order to allow Facebook to better serve ads,” he said. Walsh contended because Facebook produces the majority of its revenue through ads and has proven untrustworthy with consumer data on several occasions in the past, it seems unlikely that the company does not plan to exploit as much consumer data as legally permitted. The post Facebook unveils Libra cryptocurrency appeared first on SC Media.
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CNBC Video: Jim Cramer Calls Facebook’s Libra Cryptocurrency Coin Brilliant After Reading Whitepaper

Facebook Officially Announces The Creation Of Its Cryptocurrency Libra, CNBC’s Cramer Says the Project Is Brilliant Today, Facebook finally announced its most awaited project, Libra. According to the organization, a new Facebook regulated subsidiary called Calibra was created in order to manage the project and to create a new wallet based on the service. The head of […]
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