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Mitty

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  1. Thanks for the response Moncho. If all goes well with your first run of Cred Earn do you plan on investing again and if so will you loan more? I really like the idea of splitting lending over 6 lends so you have fortnightly interest payments and come the 6 months is up and you roll over to 3 month enrolments you have the option of pulling funds every 2 weeks. It is a shame that XRP with 10k LBA staked is no longer paying 9% but only 3.5% a lot less than your 5% without staking. They don't offer XRP payouts yet. But do offer LBA payouts. I don't know if I would recommend LBA payouts. The only difference between USD and LBA payouts is they buy the LBA on interest delivery date instead of you buying it with the USD at your choice of time. The former means you save the 1.95% uphold fee but the later means you pull the trigger which odds are you can get it for 2% cheaper with some patience. It will be interesting to see the price at conversion, will games be played or will it be fair? is it going to come from creds LBA stock pile (~500mil) or is it going to be purchased on market. If a lot of people are getting paid out LBA then 1 on market buy might mean they are paying a lot more per LBA than if its being released from their holdings at current market rate. Will be interesting to see how its handled. current price is lowest its been in 3 months. Might be time to get those 10k :). Market cap back to 18million USD or 32million fully diluted.
  2. Back on the 4th of July LBA was listed on Bithumb. (previously listed on Bithumb Global) Bithumbs last 24hr volume based on CMC is about 350k USD. Based on volume it has a rank of 30 out of the 87 listed currency's on Bithumb. Both Bithumb and Bithumb Global are in the top 4 exchanges based on LBA volume. Binance DEX volume is averaging just over 200k LBA a day over the last fortnight so pretty minor and isn't growing currently. Bitcoin.com's Cred app is going live tomorrow. There is a FAQ available which has a fair bit of basic info if anyone is looking for some basics regarding LBA and cred programs then it may be a good start. https://intercom.help/cred-bitcoin/en/collections/1699710-cred-bitcoin-com-faq If anyone uses Bitcoin.com i would appreciate getting some info regarding how the app works/looks. from the FAQ:"Interest payments start to accrue on the program start date, which happens on the first and fifteenth of every month, after Cred successfully debits your Bitcoin or Bitcoin Cash from your wallet. The interest payments are paid to you every 3 months in your choice of Bitcoin, Bitcoin Cash, or LBA to your CredEarn wallet until the program end date. Even though interest payments are paid out in BCH, BTC, or LBA, it is the USD value of the interest guaranteed at the start of the program. That USD equivalent interest payment is converted to BCH, BTC or LBA based on the price of the asset on the date of interest payment" I have just noticed the circulating supply has increased at some point over the last week or two. I will add it to the footer of my posts. current price:$0.032 current CS:554,795,828
  3. A new article stating the following in regards to LBA and a connection with the Brave browser. "While Basic Attention Token will always be the primary utility token for Brave browser users, one has to keep in mind there are hundreds of other offerings which can be added over time. The first to make the cut is CRED’s LBA utility token, which may pose some interesting competition for BAT accordingly. Just because this token is to be added soon doesn’t mean anyone will use it by default, but it is still a positive sign of growth for the Brave project regardless." https://themerkle.com/4-key-notes-on-brave-integrating-more-tokens-and-cryptocurrencies/ I personally don't think this is anything of note. I think they are running with the article on the back of the fact you can convert LBA into BAT via uphold which is the crypto back end of Brave. Ie if you have LBA you can convert it to BAT and use it in BRAVE all via some automatic means facilitated by uphold. Not anything substantial to go on now, and LBA is one of many coins they have singled out. current price:$0.0562
  4. Cred has updated its cred earn program and now offers the ability to be paid out in LBA. https://twitter.com/ihaveCred/status/1144702584189403136 LBA pays out (providing you have staked the 10k LBA)10% currently so you can increase your stack of LBA by 2.5% every 3 months, Re-investing the interest every 3 months, this could make a nice passive return with compound interest. Not to mention any benefit gained from an appreciating LBA. current price:$0.0559
  5. Official Statement Regarding The Hacking of Bitrue On June 27 2019 Dear Bitrue Users, First of all, please let us assure you that this situation is under control, 100% of lost funds will be returned to users, and we are reviewing our security measures and policies to ensure this does not happen again. At approximately 1am June 27 (GMT+8), a hacker exploited a vulnerability in our Risk Control team's 2nd review process to access the personal funds of about 90 Bitrue users. The hacker used what they learned from this breach to then access the Bitrue hot wallet and move 9.3 million XRP and 2.5 million ADA to different exchanges. The attack was soon detected, and activity was temporarily suspended on Bitrue. We alerted the receiving exchanges about the situation, and wish to extend our thanks to @HuobiGlobal, @BittrexExchange and @ChangeNOW_io for their help in freezing the affected funds and accounts. Please note that at the time, due to uncertainty about the current situation, we stated that the exchange was going down for some unplanned maintenance. We apologize for this miscommunication with our users. Once again, I want to assure everybody that their personal funds are insured, and anybody affected by this breach will have their funds replaced by us as soon as possible. Right now we are conducting an emergency inspection of the exchange and hope to be live again as soon as possible with log in & trading functionality. Withdrawals will be offline for a slightly longer period while we continue investigating the situation. We have also contacted the relevant authorities in Singapore to assist us in tracking down the culprit and retrieving the stolen funds. We will update everyone when we have more news to share. The flow of the stolen funds can be tracked here - (link: https://bithomp.com/explorer/rwSvajJ4ZNhjgzcfaJWkEuLh4VURTFHuka) bithomp.com/explorer/rwSva… . If you have any information about this breach, please contact us at support@bitrue.com or DM us on twitter, @BitrueOfficial
  6. In response to a tweet asking why the drop from 9% to 3.5% interest for XRP cred responded with the following "Yes you are right. Wildly popular program, not enough liquidity in XRP market to keep the rates there. Hopefully will come back up soon!" current price :$0.0525
  7. Does anyone have any more information regarding whats currently going on with Bitrue? https://twitter.com/sillyann3/status/1143980484336214016 Hopefully its business as normal and not another XRP heavy hack.
  8. https://www.prnewswire.com/news-releases/imgur-announces-20m-investment-from-coil-300874849.html
  9. 25 June 2019 3 pm SGT (Singapore) LBA will be available on Binances DEX with a LBA/BNB pair. https://twitter.com/ihaveCred/status/1143383377355034624 (might just be POC)exchange: https://www.binance.org/en/trade/LBA-340_BNB current price :$0.0568
  10. Another future partnership for LBA and cred earn is Coinmine. Michael Arrington of Arrington XRP Capital (Who have invested in both Coinmine and Cred) stated that he heard a rumour they both (Coinmine and Cred) are announcing a deal soon. (He is being funny) https://twitter.com/arrington/status/1141464136011804672 Also there is a quote from an article a few days ago from Farbood Nivi the founder of coinmine stating "We’re also partnering with services like Compound Finance, Cred, and Blockfi so you can put your crypto to work and earn a return on the crypto that your Coinmine makes. We call it Compound Mining. All of this is possible because of MineOS,” he said." https://www.coindesk.com/coinmine-the-entry-level-crypto-mining-rig-gets-bitcoin-support I'm not sure how big a partnership this one will be, but the more the merrier. I expect this partnership to be something along the lines of mining with the coinmine device and being paid out in LBA which then can be used to earn interest on. But we will have to wait and see. current price :$0.0555
  11. Looks like cred earn has dropped its rates for XRP again. currently on 3.5% with 10k LBA staked and 2% with out the LBA. At that rate i don't think its worth the risk. I wonder what the driver for the rate changes/setting is? BTC10%6% USD10%3% LBA10%3% BCH6%4% EUR10%3% UPBTC10%7% XRP3.5%2% GBP8%3% UPUSD10%7% ETH3.5%2% GOLD8%3% UPEUR8%5% current price :$0.054
  12. On the 12th of June Cred confirmed they will be launching the new platform for Bitcoin.com customers at the end of June. Roughly 2 weeks. I hope this adds some buying pressure. Will be interesting to see how this is tied in to i assume the bitcoin.com website. On the 11th of June a new video update (weekly) came out. Not a huge amount of info. Mention of added benefits of staking LBA was being able to withdraw early with out penalties (what exactly this means we don't know) and being able to be paid out interest in LBA. There was also a twitter response stating that they are looking at paying out interest in the token that was lent in the future. I think this is great as it would simplify tax. Being paid out interest in usd currently is a taxable event. Where as i believe being paid out in a crytpo currency is not a taxable event until its sold, at that point its taxable with a 0 cost base (This is not financial advice). https://www.youtube.com/watch?v=ktajO1MqVyo Price has gone up over the last week and we are back in the 100s on CMC. How long until we are in the top 100? current price :$0.055
  13. This is SBIs Yoshitaka Kitao speaking at an Information meeting on June the 3rd. Is it possible for someone that speaks Japanese to translate the part where he speaks of XRP which i believe starts at the 1 hr :55 minute mark? https://youtu.be/whhwzxo0UEo
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