Scammer Using Wording Trick to Cheat Bets on Ethereum-Based Prediction Platform Augur | Crowdfund Insider

A scammer is using subtle wording tricks to cause bets on crypto-based prediction platform Augur to default in his or her favour.

The scam was revealed by users of Reddit on March 20th.

In the post, “Augur is being gamed!” the poster “singlefin12222” claims:

“Some people (in) the augur community are currently pulling off this scam:

-Create market with very subtle mistake in the description (like non native english language)

-Scammers bet on the outcomes that will not win

-Scammers stake REP on the market being invalid

-All staked funds will be distributed equally. So scammers that bet on the wrong outcome will profit.”

Users of the Augur platform use a platform-specific cryptocurrency called REP to place bets involving other cryptocurrencies. REP is only used to permit betting and possibly penalize bad actors on the platform.

Augur has been criticized in the past for hosting so-called “assassination markets” where users bet on when a famous individual might…

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Booming Ethereum Price Good for Ecosystem: Founder Vitalik Buterin

Ethereum Co-Founder Vitalik Buterin was live from New York on Wednesday night. He was spotlighted in a live-stream interview with Laura Shin for the crypto journalist’s Unchained podcast, a sold-out event that was held at the Columbia Graduate School of Journalism.

Buterin remained diplomatic with his responses, even inserting bits of humor and moxie where appropriate. The blockchain pioneer fielded questions on everything from the Ethereum (ETH) price to regulation to ICOs to Satoshi Nakamoto.


Source: Unchained Live Stream on Facebook

Buterin on Price

Buterin was candid about the importance of the ETH price, tipping his hand to the logic behind “some of the earlier rhetoric…veering on the more extreme side of price not mattering at all,” saying:

“In part, it was counter-signaling to distinguish [Ethereum] from other crypto projects that do pumping and lambo-ing way too much. But also it was about minimizing the legal risk by basically trying to make the project seem more…

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ETH/USD stuck $139.00 as Vitalik Buterin discusses Ethereum’s governance model

  • ETH/USD is capped by $139.00 handle. 
  • Vitalik Buterin said he was satisfied with the existing governance model. 

ETH/USD is hovering under $139.00 amid slow trading session. The second largest coin is confined to a tight range, staying unchanged since this time on Tuesday.  

The coin is moving in sync with the rest of the market, with the upside potential above $140.00. Once this barrier is cleared, new speculative buyers may pop in and push the price towards the recent high above $146.00. Meanwhile, $150.00 remains the key barrier that separates us from a sustainable recovery. 

On the downside, watch out for $136.00 strengthened by SMA100 (4-hour) on approach. The next critical barrier comes as low as $130.00 with DMA50 spotted right below this level.  

What’s going on 

Speaking in the recent episode of Into the Ether podcast, Ethereum founder Vitalik Buterin shared his views for the Ethereum’s governance model. He believes that the existing model passed a tough…

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Social Media FUD Triggers High-Profile Departure of Ethereum Classic Developer

He’s blaming an exasperating experience with the crypto community on social media in which he had to double as a communications director.

He stated:

“My role was highly visible and largely…

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Hopes of recovery thwarted as Bitcoin, Ethereum and Ripple stay in the red

  • Bitcoin cleared the critical resistance at $4,000 but the buyers failed to sustain growth towards $4,200.
  • ETH/USD is trading at $139 and is between the 50 SMA resistance and the important 100 SMA support.
  • XRP/USD must break above $0.32 and sustain growth above $0.33 for gains heading to $0.35.

Towards the end of last week, we saw the bulls on the crypto market revive the uptrend. A bullish wave swept across the market and Friday where Bitcoin closed in on $4,000 while the other cryptocurrencies recorded gains heading to key resistance levels. Although the trend finally broke critical resistance at $4,000, the buyers failed to sustain growth towards $4,200 opening the gate for a reversal.

Bitcoin price overview

It appears that altcoins are gaining traction fast against the largest cryptocurrency by market capitalization. Bitcoin dominance on CoinMarketCap has thinned to 50.07%. Moreover, the rising trading volumes we discussed last week have begun decreasing from the levels above…

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Bitcoin And Ethereum Daily Price Forecast – Market Yet To React on CBOE Update

Cryptocurrency market has continued its rangebound price action today and as the week approaches closing there hasn’t been any major change in critical price levels which has kept price action in check so far. The market today saw a critical update from US CBOE which stated that they are planning to stop offering the contract on Bitcoin from the end of this month of March owing to low trading volume which has made it infeasible for them to continue operating the instrument. Given the fact that CME’s Bitcoin futures one of the most reputed and sought after crypto trading instrument, the terminating of its services, should normally have resulted in major crypto coins bleeding profusely.

Headlines Support Bearish Bias In Immediate Future

However, the reason the market is able to stay rangebound is owing to the cause of CBOE’s decision – low trading volume. Most people who currently remain invested in CBOE are likely to be traders with large portfolios who are waiting out bearish…

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All set for take-off for those who boss on the board

  • ETH/BTC breaking up and putting the market on pre-warning.
  • BTC/USD falls behind, playing its role in primary bullish moments.
  • XRP/USD is willing to put its volatility at the disposition of the pump.


We arrive at the last day of the week, and the headlines of the leading media covering the industry speak of the announcement made by the CBOE that it will stop offering the contract on Bitcoin from the end of this month of March. The reason given by the American operator is that the low average trading volume makes it infeasible to continue trading.

A year ago CBOE and CME launched their futures on Bitcoin amidst many uncertainties about the viability of the initiative. The competition between both platforms has been fierce and today the CME, in its quarterly report announces that the volume of negotiation on its future on Bitcoin is growing 16% in Q1 2019 compared to Q4 2018, negotiating so far in the quarter 4,784 contracts, for a value equivalent to 21,000 Bitcoins.


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Bitcoin And Ethereum Daily Price Forecast – Crypto Coins Continue Rangebound Activity.

Cryptocurrency market continues to see price action remaining locked within the range. This clearly suggests that nothing much has actually changed in the cryptocurrency market over the last 24 hours. Owing to the decentralized nature of market which lacks clear backing of any single economy or government it makes it highly difficult to predict future price actions. A look at the price history of the last two weeks suggests that the market is currently stuck between rock and hard place. What the market needs right now is a clear breakthrough in either direction followed by a sustained rally for the market to gain clues on next leg of price action be it bullish or bearish. As of writing this article, the BTC/USD pair is trading flat at $3878.1 up by 0.03% on the day while ETH/USD pair is trading flat at $132.82 up by 0.05% on the day.

Market Continues to Maintain State of Neutrality

Given the lack of major events and headlines that could influence a breakout, despite sharp price…

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Options, Futures and Deribit Perpetual

Amsterdam, March 13th 2019 – The Dutch and leading Bitcoin Futures and Options exchange Deribit is now listing Ethereum. With this listing, Deribit now makes it possible for the public to trade European,  vanilla-style Ethereum options for the first time in history.

Deribit is well known for being the first true Bitcoin options exchange and is also offering Futures and the popular Deribit Perpetual.  

John Jansen, CEO and founder of Deribit says: “The volume on our Bitcoin options has been growing tremendously for the last couple of months. Many customers and OTC desks are eager to see Ethereum options being launched.”

Until now Deribit has solely been focussed on Bitcoin however on Wednesday 13th March 2019: Deribit is making one of the largest upgrades to date that enables Ethereum products on the platform.

Increased Options Volume

Demand for options in the cryptocurrency space has been steadily increasing as financial institutions and more & more traders and realise what a…

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Ethereum Classic Price Analysis: ETC Still Relatively Stably

Ethereum Classic Price Analysis: ETC Still Relatively Stably

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The crypto market is currently going through quite an eventful period, with the coins’ prices switching from surges and drops every other day. After seeing correction for several days, the market is once again trading in the green, at least when it comes to most coins.

This also includes Ethereum Classic (ETC), which is currently ranked as the 18th largest coin, with a market cap of $467 million. In the last 24 hours, ETC price has grown by 1.03%, and it sits at $4.30 at the time of writing. However, ETC is not a coin that often experiences large fluctuations, and it has been relatively stable in the last 12 months, at least when compared to other cryptocurrencies.

For example, after dropping in January 2018, ETC continued to gradually lose value until it reached one of its strongest…

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ETH/USD desperate to stay above $131.00

  • ETH/USD under selling pressure after recovery from $129.20
  • The long-term resistance is seen at $140.00.

ETH/USD touched $129.20 low before recovering towards $131.00 handle. The second largest coin by market value is changing hands at $131.20 at the time of writing, down 3.5% since this time on Monday. Ethereum is moving mainly in sync with the rest of the market unfazed by fundamentals. Technical factors and speculative sentiments define the short-term dynamics of the coin.

Looking technically, ETH/USD a sustainable movement below congestion zone $135.00 may lead to a broad sell-off with the next primary aim at $125.30 (DMA50) and $124.45 (lower boundary of Bollinger Band on a daily chart).

On the intraday level, ETH/USD got back inside 1-hour Bollinger Band with the lower boundary at $130.66 now serving as a local support zone. The price has the potential to return to the midline at $132.64. Once it is cleared, the upside may be extended towards $134.50 (SMA50) and ultimate…

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Ethereum Price Analysis: Is it ‘Break’ Time?

It’s been a fairly uneventful weekend for Ethereum (ETH). Bitcoin’s inability to break above $4,000 appears to place a damper of momentum within the wider market. A break seems imminent — but in which direction? 

One-Hour Chart

Ethereum is steadily consolidating into a tighter range, notching lower highs and seemingly on the verge of dropping below the 12 and 26 EMA on the 4hr chart. The 4hr and daily chart show Ethereum remains above the ascending trendline with demonstrated support at the 50-MA ($133.40), $132 and $130.

The 12 EMA has crossed below the 26 EMA in the face of declining volume and a retest of the 50-MA and 23.6 percent Fib retracement level seems more likely than not. Dips to swing lows at and below $130 have attracted buyers.


Ethereum price longs are reapproaching all-time highs and near the level and there is a history of longs unwinding above 510,000. If the ETH price is able to overcome the $138 and $140 resistance and longs increase, then…

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