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TalkCrypto last won the day on August 20

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  1. Buying / Trading crypto through Revolut

    I wouldn't use any online service / wallet for storing crypto, you're literally entrusting you're entire account to them. Think Mt. Gox, it's happened before, it'll happen again. Go cold storage for your bought crypto. There are other sites you can use, Coinbase being the easiest, albeit not the cheapest. That and Binance are the easiest solutions to buying whatever you want. What coins interest you?
  2. Buying / Trading crypto through Revolut

    Depends on what you want to buy though, crypto wise. As far as I know, it only covers BTC, LTC and ETH?
  3. Saw this on xrpchat.com, worth a read. Bear with me...this will be a long, but I think very interesting, post. I read the article that came out today from Google talking about Google Pay and how it's already available on Airbnb, so I went down a rabbit hole for about 8 hours and dug a hole to China. Literally. And it basically was facts that I've read before, but never connected them all together. Take a look: The craziest thing to me is how everything is connected in terms of companies, investors, you name it. And I should start by saying that I'm assuming the investors I mention (big name investors) probably have some power behind them and obviously they want a great return on their investment. So we start with Founder's Fund. Founder's Fund (owned by Peter Thiel) is an early investor in Ripple, and also Airbnb. Founder's Fund and CapitalG (Google) are early investors in Lyft. Lyft uses Cross River Bank to pay their driver's, and Cross River Bank has implemented Ripple's software. Lyft uses Stripe as their payment processor, and CapitalG and Founder's Fund are early investors in Stripe, which also had an early investment from American Express Business Travel - this was acquired by Standard Chartered Bank who also invested in Ripple. So right there you can see how using Ripple links a ton of people, and has the potential to save companies money, which makes the big investors in those companies happy. Then we go a little deeper. A vc firm, 500 Startups, founded by ex Google and PayPal employees invested in WePay, which is considered a market leader among payment providers for crowdfunding site and small business tools. WePay already partnered with Apple Pay and Android Pay (now Google Play), and they were acquired by JP Morgan at the end of 2017. At the end of 2017 there were also 15 JP Morgan executives in Ripple's office one day. Google Ventures is an early investor in Ripple and Uber. dLocal is a payment provider who integrated Ripple's software in the second half of 2017, and its customers include Uber, AliPay, WeChat Pay, and Union Pay, which are China's 3 major digital payment providers and they're ******* huge. AliPay is part of Alibaba, Union Pay has a partnership with PayPal, and WeChat is part of Tencent Holdings, which is the world's biggest investment corporation. Tencent also has Tenpay, a payment system similar to PayPal. It was reported that Tencent was working closely with China's Central Bank in 2017 to develop a central payments clearing platform for online payments. In August 2017, key leaders from China's Central Bank met with Ripple at their HQ. AliPay and WeChat are the payment providers for DiDi Chuxing, which is bigger than Uber in China - in fact Uber sold their China operations to Didi for a minority stake in Didi. AliPay is also accepted by Uber and Airbnb. Remember - Alipay uses dLocal which integrated Ripple's software in 2017. Alibaba and Union Pay also invested in Ucar, a rival to Didi. Tencent invested in Uber and Lyft, Alibaba and Didi invested in Lyft, and Softbank Group invested in Uber. Softbank Group also has a 30% stake in Alibaba. So again, because of the savings, if Ripple is saving these companies money, I would imagine everybody wants Ripple to be used in the companies they've invested in, especially if they are already linked to Ripple in some way. And now onto India. Alibaba and Ant Financial (affiliate of Alibaba, most valuable fintech company in the world, and operates AliPay) have a 62% holding in Paytm. They also have a majority share in the parent company, One97 Communications. Paytm is trying to become the Alibaba of India. They have Paytm Mall, which is a clone of TMall, online retail operated in China by Alibaba. They also have Paytm wallets - could they follow in the footsteps of Alipay? Alibaba and Ant Financial are literally copying what they did with Alibaba but in India. Softbank also has a 20% stake in Paytm...remember they have a 30% stake in Alibaba. You can also use Paytm to pay for Uber...It's all connected. Patym is becoming Alibaba's vehicle for their ecommerce play in India. Alibaba has a laser focus on payments because it sees payments as a key strategic battle to winning ecommerce. Up until a couple of days ago they were going to acquire MoneyGram, a top 5 global money transfer firms, but that was blocked by the US government. Remember, Ripple stated 3 of the top 5 global money transfer firms are on board with Ripple, so this move would have made a lot of sense seeing as Alibaba is already connected with Ripple. Alibaba said they're still going to work with MoneyGram even though they can't acquire them. Also in India - Flipkart has big investments from Tencen/Softbank/Axis Bank. Axis Bank started using Ripple's software in 2017, Tencen's WeChat Pay runs on dLocal which uses Ripple's software, and Softbank obviously has a huge stake in Alibaba, which has AliPay running on dLocal as well. And then for ***** and gigs, Bezos has personally invested in Uber and Airbnb. Amazon has Instacart through their acquisition of Whole Foods, and Andreessen Horowitz is an investor in Instacart...and Ripple. If we want to dig a little deeper, Sequoia Capital, which may just be invested in every company ever, has invested in Airbnb, Google, Instacart, PayPal, Stripe, and Yahoo. If we really want to stretch it, the President of Sequoia Capital's wife worked at Yahoo at the same time Brad was an SVP at Yahoo...which happened to be the same time Yahoo invested in Alibaba. And this honestly might just be the tip of the iceberg, I'm sure there are so many more dots to be connected and a ton that I missed. But, it makes you wonder. If the companies are saving a lot of money through using Ripple's software, and eventually XRP, I can only imagine that the big name investors behind these companies using Ripple could potentially be encouraging their other investments to start using Ripple as well, if they aren't already. Is Alibaba, with their majority ownership, steering Paytm in the Ripple direction? Welp, my brain hurts. This was a fun project though. Crossing my fingers for an announcement that Alibaba is completely using XRP, and somehow all of these actually are connected because I can't wrap my head around just how massive that would be.
  4. Pretty exciting news if you hold FUN. Price currently going up!
  5. The price today (7th Jan 18) of a FUN token is 14p. Thought you may like to know some thoughts on price projections this year taking into account the FunFairTech platform goes live in four weeks.
  6. So, you've heard all about the advantages of this amazing new financial technology called bitcoin, but how do you go about buying it in the British Isles? While bitcoin makes sending payments between countries – or even continents – quick, cheap and easy, traditional banking systems have yet catch up. As a result, users buying bitcoin through a bank account report frustration with complex procedures, delays while funds arrive and high fees for international transfers. Credit and debit cards will often incur charges too, and not all companies will accept them due to the risk of fraudulent chargebacks. As a result, if you're not paying with cash at a bitcoin ATM or from an individual at a meetup, buying bitcoin is best done by fast and free domestic bank transfer – if you can find a bitcoin business offering that option, that is. The banking issue The problem is, British banks are reluctant to service bitcoin companies so many exchanges are having to bank elsewhere in the EU. In these cases, you'll have to put up with charges on international transfers like SEPA and often wait 2–5 days for your funds to arrive. The British government has made some noises about turning the country into a cryptocurrency-friendly environment. However, as it stands, a UK exchange providing SEPA bank transfers offers few advantages over any exchange in the EU – apart from being able to deposit in GBP, perhaps. However, new banking partnerships are being forged that allow bitcoin exchanges add local deposit options for UK customers. A note on price Bitcoin is notoriously volatile – that is, the value can climb and drop significantly over short timeframes. As a result, bitcoin buyers would do well to keep an eye on the price charts in order to make, hopefully, a timely purchase when the value is low. Indeed, many people earn money trading bitcoin, making the most of its volatility. CoinDesk's guide to understanding price charts can be found here. All that aside, for would-be owners of the digital currency, where can you buy bitcoin in the UK? Bitcoin exchanges Cryptocurrency exchanges offer a way to buy (and sell) bitcoin – and sometimes other digital currencies such as litecoin and dogecoin. First things first, you'll need to register and provide proof of residency (a copy of recent utility bill) and identity (a photo ID scan) for anti-money laundering (AML)/know-your-customer (KYC) compliance procedures before you can use the platform's services. Once that's done, you'll need to set up a bank payment using the details provided by the exchange, at which point you can fund your account and buy some bitcoin. Note that it's worth avoiding using the word 'bitcoin' in the payment reference too. While this may sound odd, jittery banks have been known to balk at anything to do with the digital currency, even closing some accounts in the past. Bitcoin exchanges serving the British Isles: Bitstamp A Slovenia-based exchange that allows cash deposits via SEPA and eCheck. It announced that it will also accept Visa and Mastercard credit and debit cards for UK customers in January 2016. Coinfloor A London-based bitcoin exchange with an emphasis on security, claiming 100% multi-signature cold (offline) storage for all its bitcoin holdings. Notably, Coinfloor is an HMRC-approved bureau de change. Currently, sterling deposits can be made only via SEPA bank transfer. Charges £5 to deposit GBP and £10 to withdraw. Fees for other currencies can be found here. CoinCorner An Isle of Man-based exchange that is something between a full exchange and a peer-to-peer (p2p) marketplace. Users deposit funds in a CoinCorner account and then buy and sell bitcoin, litecoin and dogecoin with other users. The exchange started accepting 3D Secure-enabled Visa and MasterCard credit and debit cards on 23rd October. Otherwise, fiat currency deposits are made via SEPA bank transfer. No fees are charged on deposits, but there is a £10 fee for GBP withdrawals. The exchange recently introduced a mobile wallet app for iOS and Android devices. Coinbase Popular exchange and wallet provider Coinbase, now has a facility for UK users to purchase bitcoin using 3D secure-enabled credit and debit cards. Other exchanges to consider: Although based in the US, Kraken recently partnered with a bank in Luxembourg to bring customers the option to deposit in pounds sterling, while dollars and euros are also accepted. Deposits are made via SEPA or wire transfer. Safello is a European bitcoin exchange that offers multiple payment options in a variety of currencies including GBP. Circle is also US-based and currently only offers bank transfers from that country. However, the company caters to the global bitcoin market by allowing users to pay with debit or credit cards. Another option is the Australian based Coinjar, which allows UK customers to buy bitcoin with a credit or debit card. For other options, see our general guide to buying bitcoin. Bitcoin brokerages Quickbitcoin A London-based bitcoin brokerage enabling you to buy or sell bitcoins in any amount. Deposits can be made by UK Faster Payments or cash deposit at a bank. Also provides a bitcoin ATM at The Vape Lab, 232 Shoreditch High Street. For larger volumes (£2,000+), Quickbitcoin also runs an OTC marketplace. Accepts EUR and USD, as well as GBP, for larger amounts. P2P marketplaces These are peer-to-peer platforms that match individuals who wish to buy, sell or trade bitcoin and altcoins. They do not buy, sell or necessarily even hold cryptocurrencies themselves, unless as part of an escrow service. Bittylicious Provides a peer-to-peer platform for individuals to buy, sell or trade bitcoin and 11 altcoins, such as dogecoin, litecoin and feathercoin. Payments can be made via instant UK bank transfer, mobile payments such as PayM, PingIt and PYC, Visa/Mastercard, cash at UK corner stores or SEPA bank transfers. BitBargain Facilitates purchases of bitcoin and litecoin between individuals. A number of domestic banking transfer options are available, including: standard UK bank transfers, Barclays Pingit mobile payments, RBS Pay Your Contact, and Paym mobile payments (this is possible because transactions are between individuals and do not involve a bitcoin company). Fees are only charged on 'extras' like SMS messages. LocalBitcoins Matches bitcoin buyers and sellers to facilitate over-the-counter deals, offering an escrow service to protect the buyer. Users are charged small fees for wallet use and bitcoin transfers only. Coinfloor Market UK bitcoin exchange Coinfloor released a P2P marketplace in July 2015, which only features pre-approved bitcoin brokers. If you have an approved Coinfloor account, it can be fairly quick to get the coins you need, as the market utilises the UK Faster Payments system. CryptoMate Cyptomate allows users in the UK to buy bitcoin, litecoin, ripple, dogecoin and many other cryptocurrencies. The service works using UK bank transfers (Faster Payments) and coins are sent once the order has been processed. The service aims to send currencies within 1 hour of purchase. Non-verified users are limited to £250 in purchases per day and once verified this is increased to a £1,000 daily limit. Price Comparison BittyBot A price comparison website that is updated every five minutes to show online traders from UK bitcoin merchants and marketplaces. Displays information such as the rating of the buyers and sellers, and the payment types accepted. Bitcoin ATMs Over the last year a number of bitcoin ATMs have appeared in the UK, mostly in London, with others popping up in Bristol, Brighton, Glasgow and the Isle of Man. Bitcoin ATMs in London. See the interactive map here All these machines allow you to insert cash and receive bitcoin in your digital wallet (buying BTC). Some models also let you send bitcoin and take out cash (selling BTC). Visit CoinDesk's up-to-date map of the world's bitcoin ATMs here to find the installation nearest you. Vouchers Azteco If you're in London, New Goulston Street to be precise, Azteco offers a unique service selling bitcoin vouchers over the counter. The customer decides how much bitcoin they want to buy and hand the attendant cash. The attendant then prints out a voucher containing a code that can be redeemed at the Azteco website. A 3% commission is charged on each transaction.
  7. What is Ethereum?

    Before you can understand ethereum, it helps to first understand the internet. Today, our personal data, passwords and financial information are all largely stored on other people's computers – in clouds and servers owned by companies like Amazon, Facebook or Google. Even this CoinDesk article is stored on a server controlled by a company that charges to hold this data should it be called upon. This setup has a number of conveniences, as these companies deploy teams of specialists to help store and secure this data, and remove the costs that come with hosting and uptime. But with this convenience, there is also vulnerability. As we've learned, a hacker or a government can gain unwelcome access to your files without your knowledge, by influencing or attacking a third-party service – meaning they can steal, leak or change important information. Brian Behlendorf, creator of the Apache Web Server, has gone so far as to label this centralized design the "original sin" of the Internet. Some like Behlendorf argue the Internet was always meant to be decentralized, and a splintered movement has sprung up around using new tools, including blockchain technology, to help achieve this goal. Ethereum is one of the newest technologies to join this movement. While bitcoin aims to disrupt PayPal and online banking, ethereum has the goal of using a blockchain to replace internet third parties — those that store data, transfer mortgages and keep track of complex financial instruments. The 'World Computer' In short, ethereum wants to be a 'World Computer' that would decentralize – and some would argue, democratize – the existing client-server model. With ethereum, servers and clouds are replaced by thousands of so-called "nodes" run by volunteers from across the globe (thus forming a "world computer"). The vision is that ethereum would enable this same functionality to people anywhere around the world, enabling them to compete to offer services on top of this infrastructure. Scrolling through a typical app store, for example, you’ll see a variety of colorful squares representing everything from banking to fitness to messaging apps. These apps rely on the company (or another third-party service) to store your credit card information, purchasing history and other personal data – somewhere, generally in servers controlled by third-parties. Your choice of apps is of course also governed by third parties, as Apple and Google maintain and curate (or in some cases, censor) the specific apps you’re able to download. Take the example of an online document service like Evernote or Google Docs. Ethereum, if all goes according to plan, would return control of the data in these types of services to its owner and the creative rights to its author. The idea is that one entity will no longer have control over your notes and that no one could suddenly ban the app itself, temporarily taking all of your notebooks offline. Only the user can make changes, not any other entity. In theory, it combines the control that people had over their information in the past with the easy-to-access information that we’re used to in the digital age. Each time you save edits, or add or delete notes, every node on the network makes the change. It's worth noting that the idea has been met with skepticism. Although the apps appear to be possible, it’s unclear which blockchain applications will actually prove useful, secure, or scalable, and if they will ever be as convenient to use as the apps we use today. Authored by Alyssa Hertig; Images by Maria Kuznetsov
  8. Thoughts? Do you agree? I've got both, so hoping both rise
  9. This is the English version of it: http://the-japan-news.com/news/article/0004161229
  10. If you've been following Ripple and XRP you'll know that this is one of the most highly anticipated crypto currencies of 2018. No-one yet knows the true ceiling of what the price of a ripple coin end up. What are your thoughts / hopes? Anything over £100 would be great for me!
  11. I'm a mixture of XRP, XVG, XLM and FUN for the main share, with a dip in a number of smaller ones. I believe in diversifying rather than all in.
  12. Common Crypto Questions

    Here is a list of questions that come up frequently in regards to crypto currencies. If you have a suggestion for a question to add to this list, please reply below. Whats the safest cryptocurrency? All cryptocurrencies are vulnerable to being stolen or hacked. Its only the precautions that you take, like having a hardware wallet, or 2FA, that help keep them safe. Will I be charged a fee every time I move cryptocurrency from a wallet to an exchange, exchange to wallet, and wallet to wallet? Should I try to consolidate my transfers to as few as possible? Each transaction has a cost. The amount depends on the currency. The ones with poor scalability like BTC charge a lot for a transaction. Can I store BitCoin, LiteCoin, etc. on the same wallet? No. And you'll lose coins when sending them to incorrect wallets. Be sure to not mistake BTC for BCH for example. I read that each coin gets its own address. If I own 100 LiteCoins, does that mean I need 100 addresses, and 100 keys? No. Bitcoin has one type of address different than lets say Litecoin which has its own type off address. One address may contain many of the same type of coins. Is the total value of BitCoin (or any other coin) equal to the total amount of fiat paid in to buy in? Or are there other factors at play? Not really. It is the total supply times the last deal price. If I paid $100USD, and you then paid $200USD, my portfolio will double in paper value, but I still have paid $100USD only. What's the advantage of buying Bitcoin over LiteCoin, or LiteCoin over Ethereum etc? Do your own research, ask questions on this forum and try to come to a conclusion on your own.
  13. There are different types of wallets. Hardware wallets like the Ledger Nano S Exchange wallets that you can find on places like Coinbase, Poloniex, Kraken, or Bittrex. Smartphone apps/wallets for Android or Apple. A PC based wallet where you operate the wallet from your computer. Paper wallets - A temporary offline wallet printed on paper. A web based online wallet where you log on from any web browser. Every exchange has an online wallet for each type of coin. If you are going to buy, sell, or trade cryptocurrency you can use the exchange's online wallet until you decide to withdraw. Don't leave your coins too long on an exchange. They may get hacked, they may shut down etc. You can download a wallet for each coin on to your computer. I would suggest a clean cheap laptop that you only boot up to send and receive your coins. Also, always make sure you have enabled 2FA (Two-Factor Authentication) on any online account. If not then a hardware wallet. The Ledger Nano S & Blue wallet can hold the following coins: Bitcoin Ethereum Ethereum Classic Dogecoin Litecoin Zcash Dash Ripple Stratis Komodo Some other Ethereum tokens can be managed using Ledger Nano S and Ledger Blue with MyEtherWallet only: All the ERC20 tokens, 1ST, ANT, ARC, BAT, BeerCoin, BCDN, BNT, CFI, CRB, CryptoCarbon, DAO, DAO_extraBalance, DGD, DGX 1.0, EDG, EMV, GNO, GNT, GUP, GT, HKG, HMQ, ICN, JET, LUN, MCAP, MCO, MGO, MDA, MIT, MKR, MLN, MNE, MYST, NxC, PAY, PTOY, PLU, QAU, QRL, REP, RLC, RLT, DICE, ROUND, SGT, SNGLS, SRC, SWT, TaaS, TIME, TKN, TRST, Unicorn, VSL, VERI, WINGS & XAUR. The Trezor Wallet can hold the following coins: Bitcoin Ethereum (+ all ERC-20 tokens) Ethereum Classic ZCash Litecoin Namecoin Dogecoin Dash and Bitcoin Testnet. There are other hardware wallets out there as well but I can only talk from experience and in my opinion the safest wallet to have is a hardware wallet like the Ledger Nano S or Trezor wallet where you can keep your coins off the internet and away from harm.