Buyer Loses $278,000 USD in Bitcoin Robbery - Bitcoinist.com
Buyer Loses $278,000 USD in Bitcoin Robbery - Bitcoinist.com
bitcoin the hive
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Reminder from previous bull markets
Usually, bull markets attract a lot of new investors - although speculators should be the right word here - and as usual, a lot of them are going to be crushed a way or another. First, before putting a single dollar, euro or whatever in the market, you should read a lot to know exactly what you're looking for. Are you here for the tech and/or the cypherpunk ethos ? Great, there's lot of resources out there (my links are cleaned but as always, do your due diligence) :
The Bitcoin Whitepaper, the one and only : bitcoin.org/bitcoin.pdf Since I'm linking to bitcoin.org, friendly reminder to avoid bitcoin.com, owned by a former supporter now con-artist Roger Ver.
Andreas Antonopoulos website : https://aantonop.com Andreas is one of best guys able to educate on bitcoin and its properties, for free, which helps.
Jameson Lopp website : lopp.net Jameson is a member of Bitcoin Core, cypherpunk, also able to educate a lot. His website is full of free resources and other links. You'll have a lot to read.
Hal Finney : he's unfortunately dead but I would advise to read about Hal Finney, the first to receive bitcoin Satoshi. A great cryptographer, the inventor of the first reusable PoW and one of the first bitcoin supporters. You'll be able to find his messages on this old forum Bitcoin Talk, by the way you'll be able to find the first chats about bitcoin on this forum bitcointalk.org
Monero website : getmonero.org Yep, I know it's gonna be controversial to post an altcoin link but personally, I think that Monero (aka XMR) is the only other coin with a big cypherpunk community, decentralized, and able to help newcomers with a great sense of responsibility, since the ethos here is to save privacy.
What Bitcoin Did : of course, Peter is controversial but I love him and I find his former blog and his podcasts very needed because he doesn't oversell himself. Pete knows that he's not a tech guy (like many of us) and just wants to spread the word, I think he does a good job with this.
Now, you've read and you want to put some skin in the game. Several exchanges are acceptable, a lot of aren't, be careful and assume that none really are (know that I won't post any ref links) :
to me, the best, although it's UI is quite old : Kraken €/$/pound/swiss franc on-off ramp
Coinbase and Coinbase Pro Difficult not to mention Coinbase, although I can't stand Brian Armstrong and the way they are doing their best to support scams currently. You should rather use Coinbase Pro if you have to since the fees are much lower.
Binance Binance came later than the previous ones but has managed to take most of the market. Now, you should remember what I said about being careful.
Huobi The biggest chinese exchange and they work closely with chinese official. Again, careful.
Bittrex Once at the top, now somewhere in the limbs.
A lot of new comers came recently like btse, ftx, feel free to try them while always keeping in mind that once your money is on exchanges, it's not yours anymore.
This was for centralized exchanges aka CEX. Talking about custodial, you'll need wallets to store your (bit)coins. Always try to use non-custodial wallets, which means wallets that give you your private keys. This way, if the software goes down, you can always retreive your money. Now, I won't link to all the existing wallets but will advise you to buy hardware wallets (trezor or ledger but there are others) or to create (on off-gap computers) paper wallets you're able to store safely (against all risks, not only robbery but housefire). You also could use your memory with brain wallets but, my gosh, I wouldn't trust myself. For Bitcoin (or even Litecoin), Electrum software can do a good job (but save your keys). AGAIN, DON'T KEEP YOUR SAVINGS ON AN EXCHANGE Now, about trading : it's been repeated and repeated but don't chase pumps and altcoins. Yep, it's probably the fastest way to make money. It's also the fastest to lose it. I won't lie : I made good money during the 2017-bullrun and I took profits but I also forgot to sell some shitcoins thinking it would keep going up, now I'm still holding these bags (although I don't really care). I know that a lot forgot to take profits. Take profits, always take profits, whatever your strategy is. Don't fall for people trying to sell you their bags, for ICOs trying to sell you a product which isn't released yet and obviously, don't fall for people asking for your private key. Also, know that there's two endgames : accumulating bitcoin or fiat. I'm rather in the first team but whatever your strategy is, take profits. (Yes, I know, some will say accumulating ethereum or something else). It's true that a lot of ethereum holders made a lot of money during the last bullrun (ethereum helped me make money too) but I'm really biased in favor of bitcoin (and monero). So, pick your coin but again, do your due diligence. A lot of people here or there will talk about the best tech, the fact that bitcoin is old and slow. I would need another post to go further on this point but know that a lof of air flight systems are old too but reliable. Trustless and reliable is the point here. This is the post from someone who bought bitcoin seven or six years ago, who lost part of them, who spent part of them (but don't regret this at all), who is still learning and I hope it will help others, although it would need a book to be complete.
Bitcoin is super easy to use once you understand it! The first thing you need to do is pick an exchange to purchase from. I would recommend coinbase as it is a very large and trusted exchange. If coinbase does not work in your region then I would recommend Binance The last option if buying online doesn't work would be a local Bitcoin ATM use google to find one close to you. Step 2 Signing up ... The act was reported by Binance as a well-conducted orchestra, with hackers using seemingly unconnected accounts at the most opportune time to achieve a single, high-value withdrawal of $41M (roughly 7,000 Bitcoin at current pricing) - only 2% of Binance's total value in their so-called "hot wallet". The Ledger: Fin-Tech in Montauk, Binance Robbery Update, Go Away Fake Satoshi Bitcoin and Cryptocurrency Exchange Script PHP to start cryptocurrency trading platform instantly. Get 100% bug-free source code, 24*7 Support, easy Installation, lifetime license, premium features, white-labeled, responsive Template, SEO friendly, inbuilt wallet, retina ready and easy to use. Hackers have managed to steal 40 million dollars in Bitcoin to Binance. By Aakash Molpariya - May 8, 2019. Share on Facebook . Tweet on Twitter. Lately, every time we talk about cryptocurrencies is not very good news: hacking, falls or robberies occupy most of the headlines. The days of important rises and green figures are getting farther and farther away. Read More Stories: Firefox launches ... Media Hyperventilates on Bitcoin. Fortunately, no one in the family was injured during the Bitcoin robbery. Since the media has no blood and gore to wheeze on about, they’re drudging back up the same old tired talking points that Bitcoin is used mainly for illicit means. Naturally, this is ludicrous as the blockchain is pure transparency. Mohd Abdul Rahman Mohamad, the Bitcoin “broker,” was arrested at a hotel in a smaller Singaporean district, Sentosa, and was charged with robbery by the police. However, the police also suspect that he is involved with another robbery case earlier in the year where he robbed over $150,000 Singaporean dollars worth of expensive items from a home. Playco raises $100 million at $1 billion valuation for instant games across platforms; Las Vegas Raiders set to unveil $1.9 billion Allegiant Stadium, known as the 'Death Star,' on 'Monday Night Football' Ethereum Risks Crashing to $200 as Price Breaks Multi-Week Support ; US Indicts 2 People Stealing $17M in Bitcoin and Ether From Binance, Poloniex, Gemini Users. Two other people had been ... One of the world’s biggest cryptocurrency exchanges, Binance, has been hacked and an estimated $40 million worth of bitcoin stolen.It has temporarily suspended all withdrawals on its platform as ... Cryptocurrencies like bitcoin have recently captured the public’s imagination because they offer an exciting alternative to traditional monetary systems. Bitcoin transactions are essentially a series of puzzles stored in public on the blockchain. The puzzles used to protect bitcoin are so complex that current computer technology isn’t powerful enough to crack them.
XRP Game Changer, Bitcoin Manipulation, New Crypto Bank & Lighting All Time High
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