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Blockchain Streaming Platform DLive Gets A New Partner

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The decentralized blockchain streaming platform DLive which is popular in the United States has gotten itself a new partner. The platform has joined forces with the US-based blockchain rewards and marketing company Refereum in an initiative that will reward gamers for creating and watching content.

As a press release shared with the media on November 7 showed, Refereum’s partnership with one of the largest streaming platforms in the industry is viral in the blockchain latest news today. The initiative will enable users to earn rewards for live-streaming games.

Meanwhile, DLive is reportedly the first blockchain powered streaming service that is joining the Refereum platform alongside Twitch and Mixer. The CEO of the blockchain streaming platform DLive Charles Wayn was in the news and said:

“Bringing benefits to our streamers is always one of DLive team’s priorities. We are so happy to partner with Refereum to achieve shared goals and ultimately benefit the whole content creators community.”

Refereum and its DLive integration has reportedly gone live and is now enabling gamers to start earning rewards by engaging with a variety of live streams.

Previously in July this year, the marketing company Refereum announced a partnership with a South Korea-based online games developer and publisher that will expand its in-game rewards scheme. At the time, Refereum said that it would roll out a crypto payout feature to players of Playerunknown and its Battlegrounds – a popular game with more than 8 million sales now.

In April this year, the most popular YouTube personality and most subscribed gaming channel on the platform, PewDiePie, started streaming exclusively on DLive. Just over a month after this partnership was started, DLive saw a 67% increase in its monthly active users and claimed that its audience had accounted for more than 5 million viewers and more than 70,000 streamers at the time.

The blockchain streaming platform DLive remains the largest streaming community on the blockchain powered by the Lino blockchain. Users can discover and indulge in the amazing games and channels as well as earn money streaming their gameplay live. As a value-sharing live streaming platform powered by blockchain, it has been one of the most popular platforms for millennials.

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Blockchain News

Crypto Exchange Execs From South Korea Jailed For Fraud

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Crypto exchange execs from South Korea were convicted by the South Korean court including the head of cryptocurrency exchange Coinup for fraud; he’s been sentenced 16 years in jail. The company’s vice president was sentenced 11 years in jail, and also eight other executives were given jail time. Let’s read further in the cryptocurrency news today.What is one of the boldest crypto-related fraudulent schemes in South Korean history, involves the scamming of hundreds of investors out of a total of over USD 386 million as per the Korean court in Seoul found “Cash Kang” (real name Kang Seok-Jung) the CEO of Coinup guilty.Kang and his accomplices made fake images showing massive overseas data centers, a fake video, and an English language new platform, going so far to Photoshop and distribute a picture of Kang standing next to the South Korean President Moon Jae-In on the cover of a false publication, per Ilyo Seoul, as found in a campaign lead by the South Korean police started in 2018 and ended February of 2019.Coinup even got mainstream media attention with the organizing of a meeting for potential investors making daring promises for profitable rewards for investors, at the leading convention center in South Korea; the COEX in Seoul, where the event had an estimated 5,000 attendees.
 “The victims are also responsible for the scale of the damage. They investing excessively in the hope of obtaining high returns over a very short period of time."
In the investigation, more than 60 Coinup personnel were arrested by the police. The court sentenced six of the arrested crypto exchange execs and accused besides the CEO and vice president, with jail sentences of six to nine years of prison.The court heard how Kang and his accomplices used the investors’ money to award themselves a good share of the fund whilst making some investments in bad and worthless crypto. MBC reports that only assets in the worth of USD 258,000 were seized by the police despite the amassing of USD 386 million. The judge presiding the court council said that Coinup’s scam was “highly organized and paid great attention to detail."
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Blockchain News

PrimeBit Offers 200x Leverage On Crypto Derivatives Market

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PrimeBit, P2P crypto exchange which is a very popular alternative margin trading option, beats the competition with the maximum 200x leverage on its platform. Let’s find out more in the cryptocurrency news today.The idea with P2P exchanges is to exchange derivatives with other members of the community with a clear flat fee. There are a few other crypto-futures platforms available but PrimeBit offers 200x maximum leverage offer. Margin trading is all about making good profits without having to risk a lot of money. The leverage allows you to open positions at a much higher level than you deposit. For example, a 10x leverage and $100 deposit can bring you to order worth $1000.If the market goes the opposite way and you are trading with a 100x leverage, the funds may vanish quickly but luckily, you will get covered as the downside is limited by the size of the deposits and the upside is often unlimited. That’s why it is very important to understand that if a platform offers a 200x leverage, you can trade with a different margin on each account. Primebit offers 1x, 2x, 5x, 10x, 25x, 50x, 100x and 200x. This leverage is great because you can make a profit instantly despite the markets being stagnant.The crypto contracts trading platform offers the highest leverage only if it can provide the best auto-deleveraging system that is able to close the position if the margin is too low to cover it. PrimeBit offers the best conditions but the runner-up changes depend on each cryptocurrency. Bitcoin is the most popular choice among the crypto contract traders and the platform offers a maximum leverage of 200x on BTC/USD while Binance takes second place with 125x leverage.Ethereum contracts trading conditions are much more different. While PrimeBit offers great leverage, the competitors have lowered the standards and Binance has even cut the maximum leverage by 20 percent with a 100x leverage. The difference between the platforms increases when it comes to Litecoin. While PrimeBit offers a 200x leverage, Kraken crypto exchange also offers great conditions that are four times smaller than those of the leader. Apart from this, BitMEX can offer substantial leverage as well.
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Altcoin News

Bithumb Global Launched Native Coin For Its Custom Blockchain

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Bithumb is one of the leading cryptocurrency exchanges. In the latest initiative which is viral in the cryptocurrency news, we can see that the organization named Bithumb Global launched a native coin for its Bithumb Chain, which is the custom blockchain of the exchange.The token was launched under the "BT" ticker and is named Bithumb Coin. The main idea behind it is to see it work as a medium of exchange for the ecosystem. As the company revealed in an official statement this Tuesday, the Bithumb Chain is expected to launch at some point in the first quarter of 2020.When talking about mechanics and features, we can see that Bithumb Global is planning to mint a hard cap of 300 million Bithumb tokens (BT). Half of the revenue that the exchange has will be used to burn 50% of BT and its token supply over time. This is very similar to the case of Binance Chain and its Binance Coin (BNB). The BNB coin news showed a supply of 150 million tokens.The initial distribution will be split between the on-exchange incentives and the chain development, accordingly. According to Bithumb Global, the exchange will also use the coin for fees related to handling, rights to use Bithumb Chain and future payment mechanisms. Earlier this month, the exchange also announced its "Exchange-as-a-Service" feature which will develop decentralized finance applications or DEX protocols using Bithumb Chain as its main part.Bithumb Global noted that the Bithumb Coin (BT) tokens can be also used to vote in chain governance such as investment decisions when it comes to Bithumb Chain. A part of the exchange's Korea branch operates out of Singapore with an average daily trading volume of around $700 million, as data from CoinMarketCap shows.The global digital asset exchange Bithumb is known for the trust, brand reputation and fund custody which are all factors that secure the users' assets, their website shows. With financial derivatives and preferred projects, the exchange is committed to showing users a lot of possibilities for wealth discovery. The Bithumb exchange is operated by Bithumb global with an app that can be downloaded via the Google Play Android store or iOS App Store.
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Blockchain News

BitMEX Traders Start Getting Phishing Emails After Data Leak

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BitMEX traders started getting phishing attacks after they had their details leaked as a part of the recent privacy breach that happened on the exchange as we read previously in the crypto news before.The crypto exchange accidentally leaked about 23,000 of its users’ email addresses earlier this month. One Reddit user disclosed more details about how the phishing attacks started against him after the leak. Apparently there is an email from Blockchain.com that redirects Bitmex traders to a different website to eventually download the malware onto the system. The email leak occurred during the platform update on November 1.BitMEX’s system had not been used since 2017 thanks to its policy of avoiding sending a lot of emails and the exchange has since grown substantially in terms of a number of users since then. After hitting the send button, It looked like the email would take about 10 hours to send to all of the accounts. The efforts to update the system to reduce the time didn’t go too well through the usual quality assurance checks and this was the reason for the leak as well. In the ‘’To’’ field of the email, received by those impacted by the leak, there was a long list of other users’ emails visible. According to the blog post, BitMEX acted quickly to limit the damage but a huge chunk of the addresses were already exposed.It seems like the scammers are now taking advantage of the users’ details since Reddit user reported an example of the scam that was associated with the leak. The user claims to have received a message claiming to be from Blockchain.com where the victim is asked to follow a link to receive a payment. However, the link directs to another site and asks for malware to be downloaded. Whether your email address is on the scammers’ list, you should follow the precautionary measures when dealing with unsolicited emails that often offer some king of financial gain. Always make sure to check the sender and if it doesn’t look legitimate, delete the message.If you open the email, make sure you don’t click on any links otherwise you can end up being scammed. The Bitmex traders and users were scammed mainly because the malware was included in the scam or had keylogging capabilities.
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