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The Bitcoin Whales: 1,000 People Who Own 40 Percent Of The Market

The Bitcoin Whales: 1,000 People Who Own 40 Percent Of The Market

Bloomberg the Company & Its Products Bloomberg Anywhere Remote LoginBloomberg Anywhere Login Bloomberg Terminal Demo Request Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. The Bitcoin Whales: 1,000 People Who Own 40 Percent of the Market A few massive investors can rock it with a shrug. Illustration: Patrik Mollwing for Bloomberg Businessweek On Nov. 12, someone moved almost 25,000 bitcoins, worth about $159 million at the time, to an online exchange. The news soon rippled through online forums, with bitcoin traders arguing about whether it meant the owner was about to sell the digital currency. bitcoin are often known as whales. And theyre becoming a worry for investors. They can send prices plummeting by selling even a portion of their holdings. And those sales are more probable now that the cryptocurrency is up nearly twelvefold from the beginning of the year. About 40 percent of bitcoin is held by perhaps 1,000 users; at current prices, each may want to sell about half of his or her holdings, says Aaron Brown, former managing director and head of financial markets research at AQR Capital Management. (Brown is a contributor to the Bloomberg Prophets online column.) Whats more, the whales can coordinate their moves or preview them to a select few. Many of the large owners have known one another for years and stuck by bitcoin through the early days when it was derided, and they can potentially band together to tank or prop up the m Continue reading >>

How To Create A Corporate Account On The Exchange?

How To Create A Corporate Account On The Exchange?

How to create a corporate account on the exchange? Company account option has been created for people who are running their own businesses and who would like to trade using the company funds. To create a corporate account, pick Company account option at the beginning of account verification. We begin with filling the form with companys data. You have to provide its name, full address, TAX number and phone number with the country code (eg. +48 for Poland). Next, you have to fill the form with the companys representatives information. In the first step, you have to provide name, surname and living address. In the next step you have to provide the ID document number (it can be an ID card, driving license or passport), its expiry and issue dates, birth date and phone number (again, with the country code, eg. +48 for Poland). After filling all the forms, next step will be uploading required files. Next to each uploading box, there is a list of requirements for each document. If you want your verification to be accepted, you should follow the instructions. First of all, you have to upload proof of residence of the companys representative. Next, you have to add scans of both sides of the ID document (ID card, driving license or passport). Finally, you have to upload the corporate document. Depending on the type of your company, you should provide a proper document. It should contain the companys TAX number (if it owns one), its name, full address, the name of the representative and it should be issued by the government. After uploading the documents, click Send. The verification process takes up to 24 hours from sending the files. You will be notified of acceptance or rejection of your verification by e-mail. If it is declined, you will be provided with instructions on how to Continue reading >>

Btc-markets - Npm

Btc-markets - Npm

This library has bee upgraded to be written in TypeScript and use promises. If you want the old version that used to callbacks, then use v0.0.10 . Added static numberConverter to convert decimal numbers to BTC Markets API integers Added withdrawalHistory API (still in preview so not tested) thin the client is just a simple wrapper to the BTC Markets API. There is no parameter validation as this is delegated to the BTC Market API server. Similarly, there is no data transformation. errors all errors are returned as Error objects which can be used programmatically or for debugging no retries it's up to the calling program to handle retries as it'll vary between programs. For example, error handling timeouts on mutable API calls like addTrade and cancelOrder is not as simple as retying the API call as the operation may have been successful on the exchange but the response back was not. The first parameter to each API function is a callback function which is passed error and data objects. The error object is an instance of VError which is an extension of the standard Error object.The three main properties are: message a description of the error with all the available information so problems in production can be diagnosed. For example, the url, http request method, parameters, error codes and messages name the HTTP error code or BTC Markets error message so specific errors can be programatically detected. cause the underlying error object. eg the error object from a failed request or json parse. Note there will be no cause error for BTC Markets errors Do not commit your API keys into public source code repositories. These can be in code, config files or IDE config files used to run tests or processes. If you can't avoid committing API keys into your repo then use something l Continue reading >>

Btc Markets Review - Bitcoin Reviews

Btc Markets Review - Bitcoin Reviews

The ramblings and thoughts of a bitcoin newbie discovering Australia's bitcoin exchanges After the initial feeling of being overwhelmed by the amount of information presented on the homepage I found the sign up button and was able to create an account very quickly. Verification was again straightforward, BTC Markets use the external service Green ID like various other exchanges which meant I could complete verification within a few moments and get on with my purchase. POLi, the payment platform from Australia Post, is the only method of depositing dollars into my account. Its a restricting approach when so many other services offer a variety of options but luckily for me a very quick way to get started. The integration with POLi is seamless and with a quick redirect to fill in my online banking details I made my deposit. I then had to wait a day for confirmation of receipt, I believe because it was my first transfer, yet it highlights the limitations of a single deposit option, if i wanted to purchase some bitcoin in a hurry I was out of luck. Once the Australian dollars had reached my account making a bitcoin purchase was fairly straightforward, although it is inconvenient that you are unable to select a specific dollar spend amount to spend. I decided to just click 'spend all' to keep things simple but an option to chose a dollar amount rather than BTC volume would certainly be nice. For my purchase I chose a market order, the easy and immediate option, and was not disappointed. bitcoin was visible in my account instantly and ready to spend or send on to another wallet. When making my purchase it was clear that BTC market offer trading in a variety of crytocurrenices not just bitcoin. litecoin, Ether and DAO are also supported, which although wasnt useful for my part Continue reading >>

Btc Markets Dumps Bpay Minimum

Btc Markets Dumps Bpay Minimum

Cryptocurrency traders no longer stuck with a $500 minimum trade. Australian cryptocurrency marketplace BTC Markets has eliminated its $500 minimum for deposits made through the popular BPAY platform but has dropped deposits through rival POLi for now. The firm confirmed the policy change in a tweet on Sunday. "The BPAY minimum of $500 no longer applies," it said. The BPAY minimum of $500 no longer applies :) BTC Markets (@BTCMarkets) January 7, 2018 There's a sting in the tale for local traders. While the BPAY limit has been lowered, BTC Markets has stopped supporting the Australian POLi payments platform. Previously it allowed deposits through POLi, albeit with a $3.30 per transaction service charge, but that's no longer the case. "We have suspended POLi deposits for now and are investigating other payment options," its Twitter account confirmed. BTC Markets has also upgraded its payments infrastructure, with rising demand for cryptocurrency services causing some delays in processing last week. Enabling smaller BPAY deposits could open up the market for casual traders who want to experiment in the booming cryptocurrency economy but don't want to make initial purchases at that level. Dont miss out! Daily cryptocurrency news digest and 24/7 breaking news alerts delivered to your inbox. I agree to the Finder privacy policy and to receive emails from Finder Payment mechanisms for trading in cryptocurrency from Australia have proved problematic, with many banks refusing to handle transfers into cryptocurrency marketplaces or exchanges. Late last year, Australian marketplace CoinSpot stopped accepting deposits in Australian dollars . While BPAY provides a convenient mechanism for casual traders who don't have an existing wallet of cryptocurrencies to trade with, it isn't i Continue reading >>

Btc Markets Review 2018 | Features, Fees & More | Finder.com.au

Btc Markets Review 2018 | Features, Fees & More | Finder.com.au

Optional, only if you want us to follow up with you. By submitting your email, you agree to the finder.com.au Privacy Policy Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve. finder.com.au is one of Australia's leading comparison websites. We compare from a wide set of major banks, insurers and product issuers. finder.com.au has access to track details from the product issuers listed on our sites. Although we provide information on the products offered by a wide range of issuers, we don't cover every available product. You should consider whether the products featured on our site are appropriate for your needs and seek independent advice if you have any questions. Products marked as 'Promoted' or "Advertisement" are prominently displayed either as a result of a commercial advertising arrangement or to highlight a particular product, provider or feature. Finder may receive remuneration from the Provider if you click on the related link, purchase or enquire about the product. Finder's decision to show a 'promoted' product is neither a recommendation that the product is appropriate for you nor an indication that the product is the best in its category. We encourage you to use the tools and information we provide to compare your options and find the best option for you. The identification of a group of products, as 'Top' or 'Best' is a reflection of user preferences based on current website data. On a regular basis, analytics drive the creation of a list of popular products. Where these products are grouped, they appear in no particular order. Where our site links to particular products or displays 'Go to site' buttons, we may receive a commission, referral fee or pay Continue reading >>

Btc Markets - Buy Bitcoins | Bitcoin Exchange - Faqs

Btc Markets - Buy Bitcoins | Bitcoin Exchange - Faqs

Bitcoin is an example of a blockchain asset. You can send Bitcoin over the internet directly as easyas sending an email. Like cash, Bitcoin transactions are irreversible. Bitcoin and other blockchainassets are traded on exchanges worldwide. More information and an introductory video can be found on what is bitcoin page . BTC Markets is an Australian marketplace for buyers and sellers to exchange blockchain assets. Weare 100% privately Australian owned and all staff are based in Australia. You're trading with otherusers of this site. The price you buy or sell at is up to you. The price is influenced by the demandand supply from buyers and sellers on this exchange. The current price shown is the last price abuyer and a seller agreed to exchange at. We do not specifically disallow the use of VPNs however the use of a VPN can cause delays in ouridentity verification systems as well as the processing of deposits and withdrawals. Due to thesepotential issues we recommend not using a VPN while accessing your BTC Markets account. Does BTC Markets buy and sell blockchain assets from other exchanges? No. We only provide a service for our users to safely trade with one another. Our blockchain assetsare sourced by deposits from our users. We offer a managed service, so once you have bought blockchain assets you may send, receive andstore your assets on our exchange. We always recommend that our users manage their own funds andwithdraw to a personal wallet after purchase. There are many third party wallets to choose from,such as the popular blockchain wallet for Bitcoin or electrum for Litecoin. If you prefer to manage your ownwallet service, you may choose to download BitcoinCore or Litecoin Core . We recommend you read up on howbest to manage your blockchain wallets. Yes we do an Continue reading >>

Btc Markets Becomes First Gold Certified Australian Digital Currency Exchange

Btc Markets Becomes First Gold Certified Australian Digital Currency Exchange

BTC Markets Becomes First Gold Certified Australian Digital Currency Exchange On the eve of AUSTRAC's regulation of Australia's Digital Currency Exchange businesses, BTC Markets has become the first Australian exchange to become ADCA certified. On the eve of AUSTRAC's regulation of Australia's Digital Currency Exchange businesses, BTC Markets has become the first Australian exchange to become ADCA certified. ADCA, the Australian Digital Commerce Association which is the industry body for the Digital Currency Industry, introduced the theDigital Currency Industry Code of Conduct in response to a recommendation of the Senate Enquiry into Digital Currencies. In achieving certification, BTC Markets has demonstrated to independent auditors and the ADCA that rigorous standards have been met in meeting the expectations of multiple Australian regulators, most notably AUSTRAC.The mark of certification helps consumers identify digital currency businesses that have best practice standards in place. 'In the past few months our customer base has increased dramatically following unprecedented growth and community interest in blockchain technology. I am very excited and proud that our efforts to provide a safe and secure trading environment for our customers has been recognised through our ADCA certification. We see this not only as a major step forward for BTC Markets, but also for the industry as more companies become certified and fall under government regulation to support the continued acceptance of digital currency as an investment and payment option.'-Jarrod Crane, BTC Markets Director. BTC Markets is a blockchain technology company based in Melbourne, Australia. Founded in 2013 BTC Markets offers a secure and reliable trading platform for professional investors, businesses and Continue reading >>

Btc Markets Review - Bitcoin Exchange & Crypto Asset Trading Blockchain?

Btc Markets Review - Bitcoin Exchange & Crypto Asset Trading Blockchain?

BTCMarkets.net is a cryptocurrency exchange based in Sydney, Australia. Find out what you need to know about the platform today in our review. BTCMarkets.net, or simply BTC Markets, is an Australian cryptocurrency exchange. The exchange promises to allow anyone to trade blockchain assets with ease. It supports popular Australian money transfer methods like BPAY in fact, you wont even pay a fee when depositing money with BPAY. BTCMarkets.net was launched all the way back in September 2013, when Australian bitcoin enthusiast Martin Bajalan launched the platform in partnership with other members of the Australian chapter of the Bitcoin Foundation. The exchange initially supported Bitcoin and Litecoin trading. Today, it supports trading across most major cryptocurrencies, including Ethereum , Ethereum Classic , Bitcoin Cash , Ripple , and others. At the time of writing, its 24 hour trading volume was sitting at around $9 million. BTCMarkets.net works like most other bitcoin exchanges . You create an account, complete KYC/AML verification, then deposit money. You can deposit money through bank transfer, card payments, or cryptocurrency transfers. BTCMarkets.net also recently implemented BPAY into the platform, making it easy for Australians to transfer money online from any major bank. One of the unique things about BTCMarkets.net is that there are no fees on deposits. Cryptocurrency deposits are always free (as they are on most exchanges). However, you wont pay on BPAY deposits either. The only deposit fee is a $3.30 AUD fee charged for POLi deposits. Instead of charging deposit fees, BTCMarkets.net makes money through trading fees. The company charges a flat rate of 0.22% on most crypto to crypto trades, along with trading fees of 0.85% when buying or selling cryptocurren Continue reading >>

Australia Gets New Bitcoin Exchange Btc Markets

Australia Gets New Bitcoin Exchange Btc Markets

Australia gets new bitcoin exchange BTC Markets Sep 26, 2013 at 13:02 UTC|UpdatedSep 12, 2014 at 11:30 UTC In Australia, things might be looking up for the bitcoin community. A group of local bitcoiners is working to form a local chapter of the Bitcoin Foundation, and there is a new trading platform for the community. Around two weeks ago, a new exchange based in Sydney called BTC Markets went live. The exchange, which supports bitcoin and litecoin, was started by Martin Bajalan, a bitcoin enthusiast who is among a team of nine working to set up an Australian chapter of the Bitcoin Foundation. The exchange provides trades in real time, and charges no fees for fund transfers, making its money instead from a trade commission that starts at 1%. His goal is to conduct a million trades per month by the end of next year. "The challenge will be how quickly we can provide adequate liquidity with new financial products to attract traders, and also overcome the regulation issues over the next few months," says Bajalan. What regulatory issues might those be? Australia has several regulators governing financial markets. The Australian Securities and Investments Commission (ASIC) regulates financial markets overall, while specific KYC/AML practices are overseen by Austrac . Financial services businesses in Australia are required to obtain an Australian Financial Services License (AFSL) from ASIC, but Bajalan doesn't believe he needs one. Right now, the regulatory landscape looks relatively stable. "We have had confirmation from our lawyers that as long as we perform real-time settlements, there is no need for a license," he says. His lawyer advised him that bitcoin does not fall into category of a financial product (specifically a contract to exchange one currency for another which Continue reading >>

Nsw - Negligence By Btc Markets - Where Do I Stand? | Lawanswers.com.au

Nsw - Negligence By Btc Markets - Where Do I Stand? | Lawanswers.com.au

On 10-Jan-2017, BTCMarkets.net disabled the 2FA (Two Factor Authentication) of my Online Trading account which resulted in the Fraudulent transactions (by unknown party) that wiped away $16,042.08 from my online Trading account. BTC Markets support mentioned that my email account has been compromised! BTC Markets disabled the 2FA of my Online Trading account as they received an email from my email account "to disable the 2FA as my phone was Stolen". In response to that email, BTC Markets requested my Account Number, Full Name, Address, Date of Birth and Account balance. BTC Markets received an email with responses to their query. Hence, BTC Markets disabled the 2FA of my account. Immediately after the 2FA was disabled, I the entire amount ($16,042.08) was stolen by buying Bitcoins at market price and transferred them to somewhere. Had BTC Markets not disabled the 2FA of my my Online Trading account, this Cyber Crime would not have taken place. The following points demonstrates that BTC Markets administration breached the duty of care (act of negligence ) to secure my online trading account: As per the BTC Markets online instructions the disabling of the 2FA security should be done only by the End User. Unlike the 1st level security which is defined on email, 2FA security is the 2nd Level security defined on the Mobile Phone and should not be enabled based on any information received from email. 2FA is the 2nd level security which requires a Mobile phone and SECRET KEY (Secret Key is generated by the system when the 2FA was enabled and is known only to End User). 2FA should be Enabled/Disabled only by End User as required. BTC Markets did not made any validation of the Mobile number before disabling the 2FA which defeated the very purpose of having 2FA security in place Continue reading >>

Aussie Crypto Exchange Turns Attention To New Laws

Aussie Crypto Exchange Turns Attention To New Laws

Aussie crypto exchange turns attention to new laws Australian cryptocurrency exchange BTC Markets has warned users to expect deposit and withdrawal delays as it fine-tunes transaction monitoring systems to meet new legal obligations. Last month, financial regulator AUSTRAC was handed the authority to monitor local digital currency exchanges under new Anti-Money Laundering and Counter-Terrorism Financing (AML-CTF) laws. Its the first time Australias digital currency sector has been regulated, and BTC Markets is the first local exchange to detail what that might mean for its operations. The company said it already verified the identity of our users, their source of funds, and the purpose of their transactions as they occur on our platform in anticipation of falling under AML/CTF Act regulation. We use this information to calculate a risk score, it said in a blog post. That score determines how we manage and mitigate a users risk. This will soon be required by the AML/CTF Act and we take our compliance obligations very seriously. The exchange warned this could add time to the process of verifying new users before they can trade. The other side of AML/CTF compliance is transaction monitoring. Again, BTC Markets said it had some systems operating in this field but warned they would be placed under pressure as the exchange erred on the side of caution when it came to meeting the new Australian regulations. As tempting as it is to rush these systems, we should be made aware that large financial institutions have spent years fine-tuning their suspicious activity detection and transaction monitoring, BTC Markets said. Our rapid growth may not allow us time to fine-tune our systems, but we can learn from their experience in this area. BTC Markets said it already red flags certai Continue reading >>

Btc Markets Reviews | Read Customer Service Reviews Of Btcmarkets.net

Btc Markets Reviews | Read Customer Service Reviews Of Btcmarkets.net

Minimum amount of bitcoin to send to my wallet was over $11.00 which included a untold fee. The fee was over $10.00. What kind of outfit is this mob. 900 % hidden transaction fee which does not appear on there history page of transactions for my account, only the standard percentage rate. I'll try to take my money out of this firm, normally when this sort of thing happens they won't give any money back... I also noticed while watching for hours the live prices people putting in the order book, they would disappear and come back in seconds latter, - right at the trigger price point, so the orders did not go through. Other orders came from nowhere right on price trigger for bid , buy/sell. These where large orders of in the tens of thousands... The btcmarkets physical location is a 'fresh organic goods shop' , that sells , - you guest it, fresh organic goods. This a FRAUDERLENT operator! I went through their lengthy signup &everything, then on my second &bigger transaction everything went very wrong. In short, they stole my fund &refused to answer any question. Their cut &paste responses to any question, lack of follow up or address any issue meant that this operator is a fraud. If you have any doubt to what I'm saying, I have all the evidence of my Bpay record to their online platform. And if you're using them, please withdraw all your fund, before you loose your money. Someone should shutdown this fraud operator immediately! Fast account creation and smooth transaction Just created my account on BTC Markets ... took me around 20 minutes to set up a fully verified account and initiate the first BPAY transfer. Which is a good surprise, as reading through some other online reviews, the process seemed nightmarish! The verification was completed online ... no dramas there. Continue reading >>

Btc Markets Held My Money In Limbo And Cost Me $456 - Bitedge

Btc Markets Held My Money In Limbo And Cost Me $456 - Bitedge

BTC Markets held my money in limbo and cost me $456 BTC Markets held my money in limbo and cost me $456 I have been happily using and recommending BTC Markets as the go to Australian bitcoin and altcoin exchange since 2013. Its never been great but it has been reliable and always got the job done. I am fully verified there and over the years I have paid $1760 AUD, 458 m and 1.057 litecoin in trading fees. On the 18th of August I deposited 5500 m into BTC Markets and sold them for $30,181 AUD. I went to withdraw and saw my old bank account details in the system (for a bank account which is now closed). I was surprised to find I could not update my bank account, rather the site says; For security reasons please contact support if you wish to change your bank details. I clicked the link and made a support ticket providing BTC Markets my new bank account details. Almost immediately I received the reply Hi,Thank you for contacting support. We have escalated your ticket to Tech Support. Well let you know as soon as we get a reply. Then nothing still, since the 18th of August. 5 days after that on the 23rd of August I contacted them by email rather than the ticket system to remind them of the case, again, 3 weeks later and still no response. They do not list a contact phone number anywhere. I had no way to withdraw the Australian dollars as I could not enter a bank account to withdraw to. My money was being held in limbo for weeks by an exchange that was uncontactable and not responding. I only had 1 real option, I sold the Australian dollars back to bitcoin and withdrew that. The net result was -$456.60 AUD in trading fees. Due to the fees and the increasing price of bitcoin the amount I was left to withdraw was 5030 m, thats 470 m ($2778 AUD) less than I deposited! I can ac Continue reading >>

Btc Markets - Buy Bitcoins | Bitcoin Exchange - Terms Of Service

Btc Markets - Buy Bitcoins | Bitcoin Exchange - Terms Of Service

These Terms of Service ("Terms") set out the conditions under which BTC Markets Pty Ltd ACN 164 093 887 (the "Company") offer the use of its trading and payment platform (the "Platform") to Users. Please read these Terms carefully. Your use of the Platform indicates your acceptance of and agreement with these Terms. The Platform, managed by the Company, is an electronic software service for trading cryptographic unique software Tokens ("Tokens") with other users of the Platform ("Users"). The Company reserves the right, at its sole discretion, to change, add or remove portions of these Terms, at any time. You will be notified of such changes two business days in advance through your Account and upon such notification it is your responsibility to review the amended Terms. Your continued use of the Platform, including by giving Instructions or entering Transactions, following the posting of changes will mean that you accept and agree to the changes. You agree that all subsequent Instructions given by you and Transactions entered by you will be subject to the Terms then in effect. As long as you comply with these Terms as modified from time to time, the Company grants you a personal, non-exclusive, non- transferable, non-sublicensable, limited right to enter and use the Platform Your acceptance of these Terms, as amended from time to time, gives the Company a mandate to bring together Users to trade on the Platform according to the following clauses as well as perform the functions described herein. HIGH RISK INVESTMENT WARNING: Holding and trading Tokens carries a high level of risk and may not be suitable for all investors. Before deciding to hold or trade Tokens you should carefully consider your objectives, financial situation, needs and investment experience. The val Continue reading >>

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