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Alt-Right Activist Stefan Molyneux Banned from Youtube, Raises $100K in Crypto Donations

02/07/2020 by Idelto Editor

The founder of Freedomain, philosopher and alt-right activist, Stefan Molyneux, received more than $100,000 in cryptocurrency donations after he was banned from Youtube on June 29, 2020.

Stefan Molyneux is well known for his Youtube videos, podcasts, and books. His early Youtube videos describing the benefits of bitcoin have been lauded. While getting over $100k in bitcoin, dash, bitcoin cash, and ethereum donations this week, the alt-right activist has also joined the Lbry platform.

On June 29, Molyneux was banned from Youtube. Molyneux joins a number of popular alt-right activists, libertarians, and cryptocurrency advocates who have been banned from the platform. Just recently, Bitcoin.com’s official Youtube channel was banned but luckily it was reinstated.

Many cryptocurrency advocates abhor censorship and when Molyneux was banned the cryptocurrency community added $100k to his donation chest of coins.

At the website Freedomain.com, crypto supporters can find the coin addresses of all the crypto assets Molyneux website accepts. This includes bitcoin (BTC), bitcoin cash (BCH), dash (DASH), ethereum (ETH), and a few others.

A great majority of the funds donated to Molyneux stemmed from bitcoin cash (BCH) donations. There is approximately 444 BCH ($99,500) in Molyneux’s bitcoin cash address, and 3.82 BTC ($35,000) in the Freedomain bitcoin (BTC) wallet.

Looking at the block explorers of all six coins Molyneux accepts minus monero (XMR), people can see a flurry of small donations were sent after Molyneux was banned. After the Youtube ban, Molyneux did join Lbry.tv and he has 6,819 followers to-date.

The Freedomain podcaster also asked for crypto donations last January and a number of crypto enthusiasts asked him to support more coins.

“I have been demonetized on YouTube, but you can support me here, much appreciated my friend,” Molyneux wrote at the time. Molyneux was also a big influence on the voluntaryist and libertarian communities early in his career.

During the latter half of his career, many libertarians lost interest in Molyneux for his pro-Trump and alt-right activism. Molyneux has written 10 books that have gathered 600 million downloads, and he has also hosted 4,500 podcasts as well.

What do you think about Stefan Molyneux being banned on Youtube and raising $100,000 in crypto donations? Let us know in the comments section below.

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CryptoAltum, The CFD Trading Platform With 1:500 Leverage

23/06/2020 by Idelto Editor

CryptoAltum, a popular MT5 platform, executes trades using market execution with all trades filled at the best available price in the market. The company uses Fill or Kill orders meaning orders are filled entirely at the best available price, with no partial fills and a 100% execution rate.

Fills All Trades Automatically

The company fills all trades automatically with no dealing desk intervention. Traders can enter and liquidate positions at any time. The maximum amount of open orders users can have on their accounts include having up to 200 open trades and 30 pending orders, providing your overall exposure does not exceed our maximum of USD 1,000,000. Margin call is at 150% and stop out level is 100%.

The company’s servers are located in London. The company also uniquely has a 24/7 support team available on Whatsapp, Messenger, Telegram, and Line.

CryptoAltum also differentiates itself by providing full market depth available on MT5 for all instruments. To further demonstrate pricing transparency, tick data requests are available from the CryptoAltum risk team. The platform also not only provides exposure to cryptocurrencies but also to Forex, Gold, and Indices.

Professional traders may also note that the minimum lot size and maximum lot size for each crypto trading pair varies as does the volume limit. There are some interesting crypto pairs that users can bet against for example XRPEUR and BNBJPY.

For crypto pairs involving the prices of BTC, XRP, DASH, LTC, BCH, ETH, EOS, and XMR, there is a maximum limit of $1,000,000 per trading pair and as the volume in USD increases, the margin requirements increase as well. For example, for volume less than $10,000, margin is 0.2% but as volume surpasses $200,000, the required margin rises to 5%. The 1:500 leverage that CryptoAltum offers is the highest leverage offered globally on CFD products.

For crypto pairs that involve ADA, BNB, BSV, and TRX, the max limit per crypto pair is lower at $300,000 and the volume limits for increased margin are also lower with any volume that surpasses $80,000 requiring users to put up 5% margin as opposed to 0.2% margin on the lower end.

Fees that users will face will be on financing long or short positions and will be calculated by the lot size multiplied by the financing points which change from the liquidity providers on a daily basis. Cryptocurrency financing fees are applied every four hours, and daily for FX and indices. The longer that positions remain open, the higher the Financing rates. The historical buy and sell premiums per lot on cryptocurrencies range from -.0114% to -.0186%.

Main Takeaways

CryptoAltum, based in the Republic of the Marshall Island, does not require KYC or employ any onchain surveillance technologies, assuring traders of privacy and anonymity. This is useful for even novices who may want to utilize the platform to gain exposure to CFD’s without revealing personal information.

The 1:500 leverage offering means a minimum 0.2% margin whereas other competing platforms such as TradeDirect365 may require 40% margin requirements for cryptocurrencies. This allows traders who have the right market intuition to make higher profits on trades that they have conviction on that end up panning out.

Overall, CryptoAltum has interesting features in its wide variety of cryptocurrencies, Forex, gold, and Indices markets, its transparent fee structure, and its willingness to offer traders the highest leverage on their trades.

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Virtual Panda BTM Launched for Colombian Residents: Dispenses BTC, BCH, DAI, and Dash

16/06/2020 by Idelto Editor

The CEO of Panda Group and the founder of Colombia’s Panda Exchange and physical Panda BTM terminals, Arley Lozano, recently revealed a new product called app.pandabtm.io. The new service is a virtual automated teller machine that dispenses four types of cryptocurrencies; bitcoin cash (BCH), bitcoin (BTC), DAI, and dash (DASH).

The latest effort from Panda Group is virtual Panda BTM, a “low-cost service for Colombians” looking to purchase four different cryptocurrencies. The platform accepts various Colombian payment methods like Baloto, Efecty, and PSE. Alongside this, users can pay the invoice with another cryptocurrency.

News.Bitcoin.com spoke with the CEO of Panda Group, Arley Lozano, who told our newsdesk about the new virtual Panda BTM. The company Panda Group is a well known Colombian-based crypto firm with a variety of services like Panda Exchange and the physical Panda BTM terminals.

Lozano and his team’s Panda BTM machines are located in numerous areas throughout Colombia and Venezuela. The devices allow merchants to accept digital currencies for every point-of-sale and the machines also act as a BTM.

The latest virtual offering offers sales in bitcoin cash (BCH), dash (DASH), bitcoin (BTC), and the stablecoin DAI. Lozano explained that there’s also a Telegram and Whatsapp bot for the Panda BTM as well.

Essentially, the service allows Colombians to purchase these crypto-assets in less than a few minutes. The application does ask for basic identification information during checkout. Prior to purchase users will need to provide a public cryptocurrency address for receiving as well.

Just like Venezuela, crypto-asset demand in Colombia has been feverish during the last three months. The economy has been dealing with the response to the Covid-19 outbreak and Colombia’s central bank recently cut rates to a historic 2.75% low. Economists believe Colombia’s central bank will cut the benchmark rate even lower going forward.

Two weeks ago the national government, Colombia’s central bank, and the finance ministry’s treasury department swapped 2 trillion pesos ($510 million). The Colombian government and central bank have been playing ping pong with trillions worth of swaps. So far the government and central bank have gathered 7 trillion pesos to-date in swap transactions.

Just like most of the citizenry from countries around the world, Colombians are looking to escape the monetary schemes created by the central bank. Cryptocurrencies are widely known in South America for helping individuals remove themselves from hyperinflation.

Statistics from Coin Dance and other trade volume data sites show that peer-to-peer bitcoin trade volumes in Colombia have been through the roof. Panda Group’s latest Panda BTM will add even more crypto-accessibility for Colombia’s residents, Lozano stressed.

What do you think about the virtual Panda BTM? Let us know in the comments section below.

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Not So Private: 99% of Zcash and Dash Transactions Traceable, Says Chainalysis

09/06/2020 by Idelto Editor

Chainalysis says it can track 99% of transactions involving Zcash, and almost all of Dash’s – coins that both fancy themselves as private and untraceable.

Now, that’s because the majority of users do not utilize the optional privacy-enhancing features available on the two blockchains, it said in a June 8 blog, announcing support for the two cryptocurrencies.

By tracking the privacy coins – digital assets whose primary purpose is to hide financial transactions from unwanted attention – Chainalysis has made it easy for law enforcement agencies to do the same.

“Dash and Zcash allow users to conduct transactions with greater privacy, but that doesn’t mean they provide total anonymity,” asserted the U.S.-based crypto analysis company.

For example, only 0.9% of transactions processed on the Zcash (ZEC) network allow for maximum privacy, even with enhanced cryptography.

“…even though the obfuscation on Zcash is stronger due to the zk-SNARK encryption, Chainalysis can still provide the transaction value and at least one address for over 99% of Zec activity,” said the firm.

On Dash, Chainalysis is more ruthless. It says calling the cryptocurrency “a privacy coin is a misnomer.”

The percentage of Dash transactions that constitute actual transfers of funds using Privatesend, the asset’s privacy feature, is less than 0.7%, the company found.

“…from a technical standpoint, Dash’s privacy functionality is no greater than Bitcoin’s…In fact, independent wallet software provides more advanced forms of Coinjoin that are being used with major cryptocurrencies not labeled as privacy coins, such as bitcoin, bitcoin cash, and litecoin,” it states.

This is not the first time that privacy coins have been debunked. Researchers from Carnegie Mellon University have found that 99. 9% of Zcash and 30% of Monero – another so-called privacy coin – transactions were traceable.

Moreover, the majority of Dash and Zcash usage is already for non-privacy purposes. According to studies by the Rand Corporation, of the cryptocurrency addresses mentioned on the dark web, less than 0.2% were for either of the two virtual currencies.

Dash and Zcash account for roughly $1.5 billion of reported daily trading volume. Dash dropped 0.36% to $77.78 over the past 24 hours and Zcash fell 0.68% to $52.10, according to data from markets.bitcoin.com.

What do you think about privacy coins not being private? Let us know in the comments section below.

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Bitcoin.com Exchange Now Supports Reserve’s Stablecoin RSV and the Utility Token RSR

16/04/2020 by Idelto Editor

Bitcoin.com Exchange Now Supports Reserve Stablecoin RSV and the Utility Token RSR

Bitcoin.com’s Exchange continues to grow and during the last few months, the platform has added support for a number of well known tokens. This week, the trading platform has added support for the Reserve stablecoin (RSV) and the project’s utility token (RSR). Bitcoin.com Exchange users will be able to trade RSV and RSR with trading pairs like bitcoin cash (BCH) and tether (USDT).

Also read: China’s Research Institute Updates Crypto Ranking — Review Affected by Pandemic

Bitcoin.com Exchange Adds Two Reserve Tokens – RSV and RSR

Since launching the trading platform Bitcoin.com Exchange last September, the service has seen considerable growth. The exchange is a simple-to-use trading engine that offers a variety of different cryptocurrencies. Popular digital assets hosted on the platform include coins like litecoin (LTC), ripple (XRP), tron (TRX), zcash (ZEC), stellar (XLM), dash (DASH) and eos (EOS) are paired with markets denominated in base currencies such as bitcoin cash (BCH), ETH, BTC, and tether (USDT). This week, the Bitcoin.com Exchange has added two different tokens from the Reserve project. The team behind Reserve wholeheartedly believes that everyone’s money “should be secure,” but also they also stress they are “building a universal store of value.”

In order to complete their goals, the Reserve team notes the project will move through three different phases that are increasingly decentralized. Reserve’s creators think that cryptocurrencies are a far better form of money, but they need to be both accessible and a store of value that can be leveraged as a unit of account. The project’s first phase will be more centralized where reserves are backed by collateral and pegged to the United States dollar. The second phase aims to utilize a “basket of assets” and still keep the USD peg. “And in the third and last phase,” the Reserve team says. “[Is] the dollar-peg, which would be abandoned to stabilize the real purchasing power of Reserve.

Stablecoins Offer a Hedge Against Volatile Markets

Bitcoin.com Exchange users will now have the chance to obtain or trade against Reserve tokens with BCH and USDT. The two tokens that will be added include the stablecoin (RSV) and Reserve’s utility token (RSR). When an open-finance stablecoin RSV is purchased, the team says the assets used to obtain RSV are “held in a collateral smart contract, so there is always a 1:1 collateralization.” The RSR token is a utility token that has a myriad of roles in the Reserve network. The Reserve project’s decentralized price-peg scheme is similar to the way Makerdao operates.

Stablecoins like Reserve offer a number of benefits for traders looking for arbitrage and those looking to hedge against big drops in value when the crypto economy slides. If you haven’t signed up for our trading platform, the process is quick and easy. Simply register with exchange.Bitcoin.com and you’ll be able to instantly trade, deposit, and withdraw your favorite digital assets. Bitcoin.com’s user interface is designed for ease-of-use combined with a professional-grade trading platform configured to offer seamless swaps in a secure environment.

What do you think about Bitcoin.com Exchange’s continued growth? Share your thoughts in the comments below.

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