There is something lazy about the crypto exchange WEX – users can not withdraw their money

Users of the crypto exchange WEX, the successor of the Russian platform BTC-e, report problems with the withdrawal of their money. This raises new questions. Slowly it becomes uncomfortable, because the users want to know – of course rightly – when everything is okay again.

The problems of the users occurred after some unusual phenomena had been observed on the platform. Earlier this week, the price of Bitcoin against the US dollar on WEX suddenly rose to 9,000. Scene observers explain that this anomaly could have a number of causes: from short-term increases in platform withdrawal fees to suspicions of bankruptcy.

According to BTC-ECHO, Btc-e was renamed WEX on September 15, 2017, after a relaunch of the Crypto Exchange was required due to numerous incidents involving hacker attacks and government intervention. At that time, too, difficulties with the payout option had been identified in the run-up to the relaunch.

Numerous open questions regarding the news spy

The Russian news agency RBK reports that the news spy owner of WEX, Dmitry Vassiliev, associates the price differences with activities of Dmitry Sutormin, a former WEX manager. Vassiliev explained that Sutormin, vice president of the Russian Association for Cryptocurrencies and Blockchain and Russian venture investor, had sold a large number of the news spy.

Sutormin has carried out the purchase and sale of WEX codes in any quantities. Vassiliev explains that “this means that there are now a lot of these codes on the market. Everyone who bought these codes now wants to buy Bitcoin. As prices went up, few are ready to sell.” Via Facebook, Vassiliev had announced that he was not sure what role Sutormin was currently playing. He did not want to comment on further details.

Sutormin, however, explained that he had no connection to WEX and never worked there. “I bought and sold my own codes, in fact I was a customer of the exchange,” he said. When asked why he wanted to sell his codes, he said he was influenced by the hype about crypto currencies and added that this was a popular store in Moscow.

Who runs the Bitcoin secret now?

Vassiliev’s comments cast doubt on who is currently running the Bitcoin secret. had reported that Vassiliev intended to sell the stock exchange to Dmitry Khavchenko. Khavchenko is a former volunteer fighter in the war in Ukraine and a participant in the military conflicts in Crimea. There he had supported the Russian annexation in 2014.

Khavchenko told RBK that he would move WEX’s office to Crimea and register the company in the war-torn Donbas region of Ukraine. On Twitter, however, WEX denied that it was planning to sell the company. In addition, they did not answer any questions about who is currently responsible or why or how the rise in prices occurred at the beginning of the week.

Identity 6.0: What we can learn from Mr. Robot

We embark on a journey to personality: What does identity mean? How do we move from analogue to digital identity? Now we’re coming to the end: What can decentralized technologies do for digital identity? Today: Identity 6.0.: What we can learn from Mr. Robot.

Anyone who has seen Mr. Robot retains a queasy feeling. You want to mask your laptop camera quickly, paste the microphone and throw the computer right out of the window – because nothing is safe. The protagonist of the series, Elliot Alderson, says at one point:

“People are always the best security holes. I’ve never found it particularly difficult to hack most people”.

Mr. Robot and the question of digital identity and the Bitcoin secret

In the fight against the multinational conglomerate Evil Corp., the paranoid schizophrenic Elliot Alderson hacks his way into the lives of his fellow men almost effortlessly – and somehow into their heads, too. While watching, a gloomy picture emerges of the Bitcoin secret that is just as paranoid as the protagonist of the series. Almost all of us carry the recipients who make such hacks possible in our trouser pockets. Ultimately, our smartphones contain everything that defines us: the bank account, the shoe size, sexual preferences and the taste for music. All this floats somewhere in this elusive space of the digital Bitcoin secret.

At the latest after Elliot Alderson has been observed effortlessly hacking identity data, the question of the security of his data should occupy you. Then you can ask yourself the question: To whom does this data belong at all? The answer to both questions lies on central servers. Whether it’s security and the associated protection of the data or the power to dispose of it – in most cases both lie with individual “Evil Corps” and rarely with individuals.

How do we regain power over our cryptosoft data?

One more reason to think about how to regain power over your data: Approaches already exist, but so far the urgency of using them does not seem to exist yet. Be it convenience or simply ignorance: Many people still don’t seem to care what happens to their data. If you still want to look for alternatives, we have some suggestions where you can regain power over your cryptosoft data. You also get money for it.

Steemit – Getting paid for blogging
Steemit resembles Reddit the most among the well-known social networks. The main difference is that all blog entries are stored on the blockchain. These blog entries can be posted from accounts. If you create entries that are particularly worth reading, hearing or seeing, other users can rate them with Steem Power or Steem Dollar. There is also an internal reputation system. The decentralized network offers a first approach to escape the data kraken by the internal crypto currency and the Wallet system.

Jolocom – Sovereign digital identities
The Jolocom project aims to offer its users a “self-sovereign identity”. An option, then, is to manage one’s identity data in a sovereign manner via an app. In combination with a wallet and the possibility to identify themselves by fingerprint, users will also be able to decide who to give their data to, how and when – especially what they get for it.

Minds – Like Facebook, only better
Minds is a project that is probably most suited to the habits of its users. It combines the features of Twitter, YouTube and Facebook – the users probably don’t have to get used to it the most when they change. The code behind the platform belongs to the community – everyone has access and can change it. By preventing censorship, the network supports freedom of expression. But it also gives users a platform whose opinion they don’t necessarily want to hear. But you can manually filter your newsfeed to avoid this.

Here, too, users can earn money with their data. With a peer-to-peer advertising system, users can advertise and get money for it. You can pay in Bitcoin or by credit card.

Famous last words
Admittedly, the selection presented is extremely small. In the world of blockchain and decentralization there is a lot to do

Jasper: Canada’s financial industry relies on Blockchain

The Canadian Jasper III project is intended to modernise the financial market with the help of distributed ledger technology and bring it closer together. The consortium is very satisfied with the implementation. Only the claim to reduce costs thanks to the blockchain is not working as hoped.

A Canadian finance consortium around the Central Bank of Canada is developing a comprehensive transaction system for the financial sector under the project name “Jasper”. The aim is not only to make financial transactions more efficient, but also the entire trading process, including the securities market.

Jasper in competition with the Bitcoin loophole

Jasper is thus in competition with the Bitcoin loophole, which has been internationally established for decades. In the interbank market, transactions of almost any kind are processed via the SWIFT communication system. However, the system is outdated and it can take several days to complete transactions.

Reuters reports that the Bank of Canada, TMX Group, Payments Canada and Accenture are now demonstrating that a transaction of central bank money or securities is possible almost in real time. The tokenized assets change hands within seconds using R3’s distributed ledger technology, without any active intervention from the banks.

The R3 consortium now represents over 200 partners of financial service providers. These include technology companies, central banks and regulators. They work together on DLT solutions for the financial industry and meanwhile also for further industries. R3 has also been cooperating with Microsoft and Amazon for several months now.

Jasper III: Third phase of the news spy

The Jasper project started in March 2016 and is now in the third and final phase of proof of concept on: The aim is to initially make the transactions on the Canadian market more efficient and cheaper. Of course, international transactions are also intended in the news spy, but in the short term the hurdles are very high. Payments Canada’s CEO explained that “it will be possible to transfer payments in an unprecedented way – transferring money directly from the buyer to the seller in real time”.

While the Jasper III consortium has been successful in implementing the project and has seen an extreme increase in efficiency for the participating companies, there are no financial benefits in the meantime. Bank of Canada Senior Special Director Scott Hendry recently stated at a payments conference in Toronto that despite distributed ledger technology, the savings potential is very limited. “After all this work, we’re still unsure whether there will be a greater reduction in costs,” he says. The cause is to be found in the design of the technology. The consortium relies on a closely monitored and non-transparent “blockchain”. Only the parties directly involved have access to the transactions. Meanwhile, no other model is conceivable for the banks: otherwise they are no longer needed in this process. It still seems to be a few years before DL technology in the financial sector gets by without intermediaries. Until then, the efficiency of these processes will increase, but the costs will not decrease.

Litecoin-Miner Meeting ends with a scaling agreement

The Litecoin scaling debate seems to come to an end soon. In an 8-hour meeting of the Litecoin Global Roundtable, the largest Litecoin miners debated for a long time whether to update the network of the fourth largest digital currency. Among the participants was Charlie Lee, the programmer of Litecoin.

According to a protocol published on medium, the Miners want to take the path of a “Segregated Witness (SegWit) Soft Fork” for Litecoin. The meeting was held yesterday from 12-18pm (Beijing time) via WeChat.

SegWit was originally intended for the cryptosoft

SegWit is known for being able to increase transaction flow without the need to change the hard coded block size in the cryptosoft. Litecoin, like Bitcoin, currently has a mandatory block size of 1MB and faces the same problem as cryptosoft Bitcoin in the long run: not enough transactions are verified per block, which ultimately slows down the network and transaction speed and increases transaction fees.

While the stakeholders advocated a collaborative approach with community integration, they do not see User Activated Softfork (UASF) as an alternative.

It is written in the crypto trader

“We agree that the protocol upgrade should be done under a collaborative consensus, not by developers and miners going it alone. We support that the Litecoin protocol upgrade decision should be based on user needs, roundtable voting, and crypto trader Miner activation. “

Supporters of the proposal included Bitmain (Antpool),, BATPool, F2Pool and LTC1BTC. Together they represent 68% of the current hash rate. Should also agree to the proposal, that would already be 84%. According to the organizer, should be owned by LTC1BTC.

Through a voting process, the participating members unanimously approved the following plan for the Litecoin Protocol upgrade:

A SegWit Soft-Fork to be enforced in the Litecoin network
Once the use of Litecoin block capacity exceeds 50%, we begin preparing a solution to increase the 1MB block size by a Hardfork or Softfork.
“Charlie [Lee] promised to provide a solution to increase the block size once this (block size) is half full,” said Jihan Wu, founder of the Bitmain mining pool.

At present, it is still unclear when the update can be implemented. First of all, all miners must install the latest software update to signal their support for SegWit.

To be able to perform an update, at least 75% of the miners must signal their support. The 75% must be held afterwards for at least 2 weeks. Currently the support is about 70%.

According to the organizers of the roundtable, the stock exchanges such as Bitstamp, BTC-e and Poloniex will now also be brought together.

USA: Rapid growth in blockchain jobs

Blockchain technology is creating more and more jobs in the USA. Despite the bear year 2018, the number of job offers from US blockchain companies has increased by 300 percent.

While the crypto market around Bitcoin & Co. is currently moving sideways at best, blockchain-related occupations in the USA and elsewhere can record significant growth. This is the result of the latest analysis of the Glassdoor job and evaluation portal.

Glassdoor searched its own database and found significant growth in job offers in the crypto sector. Glassdoor recorded 1,775 job offers (as of August 2018) for this sector – 1,329 more than in the previous year.

Two cities dominate in particular the Bitcoin revolution

New York and San Francisco, with 24 and 21 percent respectively, are by far the cities with the most in the USA. San Diego in California ranks third with a share of only 6 percent. After all, around 21 percent of jobs are spread across the whole country beyond the metropolises.

The profession of Bitcoin revolution software developer is particularly in demand. At 19 percent, just under every fifth job offer relates to this occupational field. The second most frequently sought are intermediaries between companies and technology analysts (analyst relations), followed by product managers.

Attractive payment by the Bitcoin revolution

Companies appear to be willing to reward blockchain expertise accordingly. Glassdoor’s figures show that occupations in this sector of a review of the Bitcoin revolution generate an average annual income of 84,884 US dollars. This is significantly more than the US average, which Glassdoor estimates at 52,461 US dollars in an August 2018 report. Depending on the occupational profile and location, annual Bitcoin revolution salaries in the US blockchain industry range between 36,000 and 224,000 US dollars.

At the forefront: ConsenSys and IBM
Most employees are looking for IBM and ConsenSys. With 214 jobs each, they are together responsible for almost a quarter of the job advertisements. The Coinbase crypto exchange ranks third (4 percent or 63 offers).

Glassdoor also took a look at the international blockchain hubs. This is where most experts are sought in London, followed by Singapore, Toronto, Hong Kong – and Berlin.

Anyone looking around for blockchain jobs in Germany (even outside Berlin) might want to take a look at our job exchange. Who knows, maybe “What with Blockchain” will become the new “What with Media” in the not too distant future?

Altcoin Tier 2 price analysis – Factom back again

This week Factom (FTC) and Monero (XMR) exchanged roles: FTC increased and XMR decreased.

Summary: Factom (FCT) rose 23.4%, the currency that performed best this week

The Dash rate rose by 11.2%, taking second place among the currencies considered. The Monero rate has dropped by 15.5% and thus again the loser of the week. Well – everything has to pass by or at least take a break. Accordingly, XMR’s high price has come to an (hopefully provisional!) end this week. Factom proves that this end can be provisional, and its price rose by more than 20% this week. Dash is in second place with a rise of 11.2%. XMR is in last place this week and lost another 15.5% compared to last week.

Monero fell this week. After testing the EMA200 twice, it was breached downwards. Since then, although A, September 13, was undertaken by the bulls a courageous attempt to break through the EMA200 again with the rise, an attempt but it failed. Since then, the course is beyond the EMA100 which fell on September 12 under the EMA200.

The MACD (second panel from above) is negative again since today, furthermore the MACD line (blue) has fallen below the signal (orange), which is also a bearish sign. Overall, it looks more bearish for Monero in the short term.

This picture is confirmed by the RSI (third panel from above), which is completely bearish.

The Accumulation/Distribution-Chart (last panel) has been falling since September 11th. There has been a slight increase since September 13th, but just this afternoon the relationship between accumulation and distribution fell again.

What do we do with it?

Is that the end of Monero? I think it’s worth taking a look at the big picture here: On the 240min chart we can see that since September 12th the price has been testing the EMA100 that corresponds to the chart. Should this support break, the price would continue to fall, but would have another important support with the EMA200, which is currently at around 0.0135 BTC. Unfortunately it has to be said that MACD is negative, MACD line is slightly below signal and RSI is below 50 – all of which are not bullish signs. All this points to further price losses, we have to see how strong the EMA100 support is.

The Winner of the Week: Factom

The dead live longer: After Factom did so badly last week, the share price rose this week: On September 11th, after repeated tests, the EMA100 and EMA200 were breached. This was followed on September 12th by a bullish crossing of the two EMAs. But of course not everything is rosy: The EMA100 was tested twice and was currently breached. It will have to be seen whether the EMA200 support will hold.

The MACD (second panel from above), after swinging above zero during the day, has now fallen slightly more into the negative: The MACD line (blue, dropped strongly and takes the signal (orange) with it. This speaks for a short-term negative correction.

This picture is confirmed by the RSI (third panel from above) this bearish picture: With 36 it is clearly in the bearish territory.

Finally, the Accumulation/Distribution-Chart (last panel) is stable since a strong rise between September 11th and 13th and shows neither a trend towards accumulation nor distribution.

The signs are therefore not super-positive overall. Important will be the behavior at the EMA200 support; should the price remain above that, nothing stands in the way of further price increases. But if you look at other time scales (i.e. a 240min chart and a 1D chart) the signs are not 100% convincing.

Disclaimer: The price estimates shown on this page are not recommendations to buy or sell. They are only an analyst’s opinion.