Poloniex have Stolen 16.202% of some BTC account

Dear Poloniex Customer,

On May 26, a sudden and severe price crash in the Poloniex CLAM market caused a number of margin loans to default, resulting in a roughly 1800 BTC generalized loss across the Poloniex BTC margin lending pool. We are writing because you have been impacted by this loss.

All BTC loans on Poloniex are lent in a common pool that is shared across all markets and borrowers. Today, we recognized the generalized loss across lenders in the BTC margin lending pool. As a result, the principal of all active BTC loans as of 14:00 UTC today has been reduced by 16.202%. As a lender in the pool, you will see the reduction in your account when you next log in.

We’re actively pursuing the defaulted borrowers for repayment of the BTC they owe to the lending pool. As we recover funds, we will return them to affected lenders. We’re also exploring other ways to help defray your losses. As this work proceeds, we will provide regular updates.

To learn more about this event, please refer to this blog post.

If you have specific questions about your account please contact our customer support team at [support@poloniex.freshdesk.com](mailto:support@poloniex.freshdesk.com).

Sincerely,

The Poloniex Team

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CoinPayments adds support for LN payments!

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Bitcoin Mining Difficulty Hits New ATH.

Data from BTC.com shows that the Bitcoin mining difficulty has reached 7.46T. This figure surpasses the previous ATH of 7.45T achieved in early October 2018.

Mining difficulty directly points to the amount of mining activity going on on the network. As the number of miners increases, so does the difficulty of mining. This also means that the network is at its highest level of security as there are more miners to verify transactions rather than just a few. It makes it more difficult at this time to reverse a transaction and so the chance of a double spend is almost non-existent.

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Sourse: https://bitcoinist.com/bitcoin-mining-difficulty-all-time-high-btc-price/

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What do you think about this?

Share your thoughts with us, especially if you are a miner :)

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Want to accept bitcoin in my restaurant.. Anyone have experience with this?

I'm opening a restaurant very soon and would like to accept bitcoins as a form of payment. I expect that maybe two people in an entire year might do this so I'm not going to orient my payment processor around it but would still like to be able to should the occasion arise. Anyone know the best way to do this? Coin Payments (www.coinpayments.com) seems like it might be an option but without actually registering for an account on their website, I'm not sure how it works. What's a better way than just opening a personal wallet on my phone and having the customer send funds to that?

Thanks

p.s. I am leaning toward going with Square right now and I could not find that they are not integrated with any apps that allow payments w/ btc

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Gold is trading at record highs in Australia. One by one, every currency is being destroyed by central banks.

Gold is trading at record highs in Australia. This isn't Venezuela, Argentina or some developing nation having issues. This is the country that hasn't had a recession in 30 years. 1 by 1, every currency is being destroyed by central banks actions. This leads to inequality & more people will turn to Bitcoin, Gold & hard assets. https://i.redd.it/q7m46zd0hm231.png submitted by /u/nugget_alex [link] [comments]

bitcoin art prints

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Worst-Case Scenario, Bitcoin (BTC) Reaches $5,000s: Analysts This article was originally posted on Ethereum World News - an independent news provider covereing Ethereum, Bitcoin, Ripple, Litecoin dApps, start-off ICO’s and the whole Blockchain [...]

This article was originally posted on Ethereum World News - an independent news provider covereing Ethereum, Bitcoin, Ripple, Litecoin dApps, start-off ICO’s and the whole Blockchain [...]

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