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Group tricked Bitcoin ATM's in Canada to give cash for unverified transactions, now over 100 times! But forgot ATM's have camera on them...

A group of at least 3 people in Canada have discovered a way to trick Bitcoin ATMs into releasing cash by stopping the transfer of BTC before it's gone through all authorizations, but after all the money has been dispensed.

A clever trick, but they weren't smart enough to realize - they're on camera. Canadian law enforcement posts photos of all of them on their website.

Arrests are expected soon. 

New ‘crypto bank’ offering 15% interest rates on your tokens, with anonymity - introducing Alendoo...

There are many crypto related loan platforms on the market, but none offering what Alendoo does!

Alendoo platform is an innovative platform offering anonymous crypto backed loans and crypto rewarded lending. What is more, Alendoo wallet provides saving interests in the value of 5% per year. Why keep your coins on any other wallet whilst you can get passive income by simply keeping your coins on the Alendoo website?
Created to ensure anonymity
Alendoo is committed to protecting the customer’s funds from the public and our team takes the necessary measures to protect our customers and promote anonymity. At Alendoo, our motto is:

“Your anonymity is our priority.”

There are six supported cryptocurrencies on Alendoo at launch, and half of them are known as privacy coins. Using them provides additional anonymity as the transactions on their blockchain are untraceable. These coins are Dash (DASH), Monero (XMR), and Zcash (ZEC). For customer’s convenience, we have also added Bitcoin (BTC), Ethereum (ETH) and Tether (USDT). There are plans to add more privacy coins to the platform in the near future.
Three services
Alendoo services can be likened to a cryptocurrency bank. That is why there are three types of accounts:
Main account - operates like a cryptocurrency wallet with one massive difference - customers who hold coins here are rewarded with 5% APR interest which is added to the account balance once a month. This means every customer who deposits their crypto into the ‘Main account’ will receive monthly interest for just holding their assets on the platform.

Loan account - this account is dedicated to the main product offered on the Alendoo platform - Loans. Customers who use this account can secure crypto backed loans that are paid out in Tether/USDT. They can choose from 20-70% LTV (loan to value) which then determines the interest rates from 10-22% per year. Customers are always given 365 days to repay the loan and they can do it as a lump sum or as instalments.

Lending account - this account has the highest earning potential can be regarded as a form of saving with interest in the ordinary bank. The customers agree to lock their crypto for 60 days and in return, they receive interests that are set on 15% per year.

The Alendoo advantage becomes clear when you compare the other options on the market today:

Lloyds TSB
Bank of America
Account (APR)
up to 1.5%
Loans (minimum APR)
Savings (minimum APR)
up to 2.25%
*additional fees not included

Alendoo ICO

Alendoo’s main mission is to keep their customers anonymity, to do so they’ve had to ‘think outside the box’ to fulfil its existing promises to customers and find a way to extend their offering by adding loans paid out in FIATs. An innovative solution has been selected for this issue. Alendoo decided to design an NFC mobile application that will be loaded with cryptocurrencies and without the need to register a debit or credit card.

The design of an NFC application and creating the right infrastructure for the entire process will require large funding. Alendoo cannot handle this project independently, which is why this investment opportunity is now available.  

The company has made plans to launch an Initial Coin Offering for their token - the Alendoo coin (XAL). XAL will serve essential complex purposes due to its properties as utility coin.

There are 85,000,000 XAL tokens available to sale for $0.1 each. Additionally, there are discounts available and in the presale, purchasers can get the Alendoo Coin for just $0.07.
The presale starts on Monday, 18th of March and the main sale starts on Monday, 1st of April.
The company sets the soft cap at $3,000,000 and that is the minimum that must be raised to start the development. If the soft cap is not reached, all collected money will be returned to the customers.

The XAL token has functionality beyond the fundraising, it will also serve as a utility coin at Alendoo platform and enable token holders to participate in:
  • Discounted Loan interests - the collateral made in XAL will be presented with a 50% discount to APR.
  • Revenue shareing - 20% of the revenue generated by Alendoo will be shared among all users holding XAL on the Alendoo platform.
  • Increased Lending interests - every Lending made in XAL will be rewarded with a 10% bonus to the standard interests.
  • Extras - Alendoo has established a cooperative agreement with many crypto related companies, and there is a plan to offer extras to their customers, for example, a discount to some products, etc.

Join the Alendoo platform today and make your crypto start working for you!
About Alendoo: Alendoo is an advanced cryptocurrency platform that offers crypto backed Loans and Lending for which crypto is used as interest. One of the most important values in Alendoo is anonymity. Alendoo is linked to being a “crypto bank” due to similar services offered.

Information provided via press releaseDistributed using The Global Crypto Press Association Press Release Distribution Service for industry.

No, the New Zealand mass shooter was NOT involved in cryptocurrency - but he was part of a crypto-themed Ponzi scheme...

First, let me explain my intentions here - I hate when media coverage focuses on irrelevant background information of these mentally deranged mass shooters. Digging into their lives like what they did made them so interesting that suddenly their life story is newsworthy.

It's about as unproductive as approaching a crazy person on the street corner yelling at the sky and asking 'why are you doing that?' - you're never going to uncover a valid reason, one does not exist. If you need further proof, see every time you've done this in the past and note how still today we don't have any answers.

I'm writing this because the media is getting it wrong. One of the roles of The Global Crypto Press Association is to serve as a link between the mainstream media, the cryptocurrency industry, and community as a whole. My professional background includes on air and producer positions at two of the largest broadcasting companies in America, a similar background to several other reporters on our staff.

We do understand the challenges faced by journalists covering a variety of topics with a new focus every few days. It is both unrealistic to expect a journalist to know everything instantly, and unacceptable to let the current mistakes continue without addressing them.

The shooter's manifesto only says:

"...making some money investing in Bitconnect, then used the money from the investment to travel". 

But the media is saying:

"He quit his job, invested in cryptocurrency and began traveling the world using his inheritance and money from bitcoin investments" says Fox News.

"He worked for a short time before making some money from Bitconnect, a cryptocurrency like Bitcoin, then used the money to fund his travels." says ABC.

"He financed his trips with money he made from Bitconnet and cryptocurrency like bitcoin" says NY Post.

"He funded his travels by making money from BitConnect, a cryptocurrency similar to bitcoin. Organized white supremacists, some of whom are banned from using PayPal and other major digital pay systems, often trade advice online about using cryptocurrencies that promise complete anonymity in transactions. Some of the extremists avoid using banks because they believe florid conspiracy theories in which Jews control international banking." The Washington Post says in a full-on disgusting attempt at implying cryptocurrency is the payment method of choice for all the worst people. 

Ironically, the reality is almost the complete opposite - one of the most debated and controversial topics in cryptocurrency revolves around exchanges banning the same people PayPal has, not just racists, but organizations like Wikileaks as well.

Let's correct the record.

He was not involved in cryptocurrency, or anything similar to Bitcoin:

What he was involved in was a scam called Bitconnect that used the word 'cryptocurrency'. 99% of people who say they are 'into cryptocurrency' are in a completely separate world where someone promoting or sharing a link to Bitconnect would earn them an instant ban from the forum or chat room they were in.

Bitconnect was immediately mocked by the legitimate side of the cryptocurrency world since it's inception.

The only place 'cryptocurrency' comes into the picture isn't even real:

Bitconnect claimed the profits came from a trading bot they created. Using artificial intelligence this software would take the money invested and make profitable trades on the cryptocurrency markets, earning income even when things were in a slump.

This never existed.

I'm sitting here thinking 'this explanation is too short' - but it really is this simple.

There is a story here, and the media is missing it:

Implying the shooter was involved in cryptocurrency isn't just incorrect - they're missing some real insight into his mind. You have to be unintelligent, gullible, and desperate to hand your money over to a website that was promising the things Bitconnect was.

The offer he thought was legitimate: daily 1% compound interest that would turn a $10,000 investment into $500 million within 3 years. "Risk free" too, a statement the Securities Commission cited as one of the reasons they issued a cease and desist.

Bitconnect would only end up lasting months, some estimate they held up to $900 million when they disappeared.

To this day the true masterminds behind Bitconnect are still at large. There have been some arrests, but those were misunderstood by the media too. The biggest arrest was someone who just signed up a lot of people under him in the ponzi scheme, not one of Bitconnect's creators.  I covered that when it happened here if anyone is curious.

Bitconnect and I go way back, let me tell you about their members:

I am the only journalist to have confronted Bitconnect in person.

In a video that received nearly 500,000 views, I attempted to confront a representative of Bitconnect at a cryptocurrency conference with the math mentioned above, asking to explain how they plan to pay thousands of people millions of dollars each. Of course, the Bitconnect rep had no answer other than to say my math was wrong, they have ways to 'make it work' and I wasn't owed any further details.

The death threats and angry comments rolled in, and it was clear - I was speaking with some of the stupidest people I have ever encountered, and none of them were from the cryptocurrency world.

No one who had given Bitconnect their money could explain how the investment worked, but they sure did stand by it... whatever it did.

Bitconnect supporters eventually filed enough false reports to get the video removed, but a report from that day can be here.

...Just a couple months later it was all over, and Bitconnect stole everyone's money and disappeared. (That story here)

Following the collapse I contacted the guy I had confronted and learned this 'representative' was simply another victim of the scam. Just as the company was starting to garner a lot of attention, they reached out to their members, carefully selecting true believers,  and offered them pay to show up to industry conferences representing Bitconnect. A final attempt at fixing their public image of a shadowy, nameless, faceless scam.

In closing:

The correct story is of someone so lost in life, he handed his money over to shady online Ponzi scheme promising magic. He seems to have been one of the lucky few who pulled his investment out before it all came crashing down. No skill, just luck.

Journalists - equating this to being involved in cryptocurrency is like someone holding up the worst trashy tabloid magazine, with a cover story saying 'Melana Trump pregnant with alien baby' and saying that you are in the same business as whoever wrote that.

So please, stop.

To the crypto community - if you spot any incorrect claims about the shooter being involved in cryptocurrency - tweet the author a link to this.

Other publications, bloggers, anyone really - you have our permission to re-publish this article on your platforms.

Author: Ross Davis
E-Mail: Ross@GlobalCryptoPress.com Twitter:@RossFM
San Francisco News Desk

Cisco's head of blockchain says they're finding ways the tech can benefit virtually every industry, and shares which ones to start watching now...

Cisco's head of blockchain talks about how they're finding use cases everywhere, and names some of the industries he thinks will benefit most.  He also shares the impressive results so far when it comes to companies seeing a quick ROI after implementation.

From the DC Blockchain Summit 2019, part of Nasdaq's 'TradeTalks' series.

If you're in these 9 US states and not using Voyager when you buy crypto - here's why you're making a big mistake...

If you're in California, Illinois, Massachusetts, Missouri, Montana, Pennsylvania, Kentucky, Wisconsin, and Arizona there's no reason not to be making your crypto purchases on Voyager.  But even if you're not in one of these states but still in the US, we suggest signing up because soon it will be available where you live.

Throw in that they'll give you $25 to start off with (if you register here before downloading the app) and it's official, you have no excuses!

That's because the app automatically does the price hunting for you.  You'd be surprised how much the price of the same coin can vary from exchange to exchange. The price we're generally seeing is really just the average number, taken from a variety of sources. So if BTC is around $3980 on some exchanges, and closer to $4020 on others, sites that give you the current price will simply say $4000.

Most traders have their exchange of choice, and don't even bother checking the price elsewhere.  If you decide to start, get ready to spend a lot of time signing up to all these exchanges, if you do it on the fly, by the time you've opened an account on the exchange with the lower price, you may have already missed your chance.

With Voyager, not only will it find the lowest price - but you don't even need an account anywhere else.  From 1 app you'll be buying from multiple exchanges seamlessly.

The next thing people assume is that a tool like this comes with some kind of membership fee, or high trading fee, but Voyager has neither.  Membership is free, no monthly or annual costs, and they only make money if they can find a coin for you below market prices - taking a cut of the savings.  No savings means they they make nothing - so they have an incentive to aggressively find the best deals.

“Our vision to bring the crypto brokerage experience in line with what investors have come to expect from equity markets is now a reality,” said Stephen Ehrlich, Voyager Co-Founder and CEO. “We knew there was a better way for investors to access a cost-efficient and transparent platform validated by our overwhelmingly positive feedback and demand from investors who are eager to start using our platform.”

The company as a whole has been making some pretty big moves, recently becoming publicly traded and buying out universal wallet creator Ethos.

You can sign up for the $25 credit and get the app here.

Author: Justin Derbek
New York News Desk

Security Alert - Samsung Galaxy S10 facial recognition is EXTREMELY easy to hack...

When it comes to storing cryptocurrency on mobile devices, too many people rely on their phone's security to act as the only safeguard to accessing the wallet within.  Not to mention, if someone is in your phone, your 2-factor authentication is likely compromised as well.

Not just wallet apps, but even exchanges like Binance and Coinbase will verify your transactions by sending a text message... to your unlocked stolen phone.

Those of us who follow the 'never leave funds on an exchange' rule probably have a billing method saved with our exchange of choice, so the person in control of your phone could simply purchase coins, then transfer them. There would be nothing to stop them from reaching your daily buying limit.

That is, if you rely on facial recognition.

While already considered to be the least secure of all methods, it's still alarming to think that somehow it's gotten even less secure with time.

Unlocking the new Samsung Galaxy S10 with facial recognition is this easy:  with another phone play a video of the phone owner and hold it up to the front camera of the S10 (Pictured above).  That's it, you're in.

Sure, you need a video of the phone's actual owner - but I feel like I could one for the majority of people I know.

Watch how easy it is in this video from Unbox Therapy:

So what's the solution? Only use the fingerprint scanner to unlock, and disable facial recognition completely.  While Samsung deserves some criticism for this, they also deserve some credit for an extremely secure, and hard to fool fingerprint scanner.

Author: Mark Pippen
London News Desk

The Cryptocurrency Industry’s Biggest Disrupter Of 2019? Why TuneTrade is set to earn the title…

It's almost standard in the tech world for every start-up to call themselves an industry disrupter, and that's unfortunate because when used correctly it really is the perfect word to describe a company people will come to talk about in terms of how things were before, and after they were created.

As the buzzwords 'cryptocurrency' and 'blockchain' became more common, time and time again I would watch news outlets track down an expert to explain "how it all works" - but 9 out of 10 times that expert would overestimate the technical literacy of the average viewer, and the host.

If just trying to explain the process of storing, sending, or receiving a cryptocurrency left the average person confused - imagine how hard it is to explain the infinitely more complex process of creating one.

Explaining 'how to create a cryptocurrency' is better suited for a college class where you could return daily for several months, then maybe you could consider yourself a 'beginner'. So unless you were an engineer/coder, or had the money to hire a team of them, creating a cryptocurrency was simply out of reach for most people and small businesses.

That is - before TuneTrade!

With the launch of TuneTrade creating a cryptocurrency becomes a simple, quick process - choose a name, choose how many coins to make now, how many will ever exist, and press a button - you've just launched your own cryptocurrency! The entire complex process of writing a smart contract and creating a new token on the blockchain becomes as simple as point-and-click.

This isn't a toy, it’s the real deal - the cryptocurrency created is a real ERC20 token on the Ethereum blockchain. The creator also maintains full ownership and control over everything.

The next challenging part of launching a new cryptocurrency is getting it listed on exchanges so the public can actually trade it - that's just a click away as well, because TuneTrade is both a token creation and token exchange platform in one!

From there the use cases are endless, there are ways everyone from musicians, to retail stores, restaurants, online storefronts, tech startups, nonprofits can implement a token into their business model, and stand out from their competition.

In fact, one of the most exciting things will be discovering how people are choosing to use their coins, now that the power to have one is in everyone's hands.

You may be thinking "even if a small business can easily create a cryptocurrency, they won't know what to do next" - TuneTrade has that covered too, the platform will match those who need help with a mentor to guide them along the way.

Most startups in the cryptocurrency world kick off with an 'Initial Coin Offering' - this means they sell some of their first coins off to investors, then they build whatever they promised.  This is where many have fallen short, some from years ago are still (supposedly) under construction, others just disappeared with the investor's cash.

Not TuneTrade - with no ICO the platform is already online, and already in beta testing! Currently, you can even create a token, but it won't go out to the Ethereum blockchain until their official launch.

The anticipation and excitement in the cryptocurrency community for their big launch is unheard of, and TuneTrade has been rewarding the public for helping with testing everything out by giving away tokens instead of selling them!

Nearly 80,000 people already hold their first TXT tokens, the official TuneTrade cryptocurrency which will power the platform.

Speaking of TXT, while new cryptocurrencies have struggled to get listed on major exchanges with many saying their emails go unanswered, TuneTrade is having the opposite experience - top exchanges have reached out to them, and they say they'll be making an announcement very soon!

You can still become one of the early users. It's free to join, so take a look and keep up with the latest at https://tunetrade.io

Author: Ross Davis
E-Mail: Ross@GlobalCryptoPress.com Twitter:@RossFM
San Francisco News Desk

Previously only for Wall Street, meet the man now using Artificial Intelligence to better predict the crypto markets...

It's a topic i’ve look into once before, and I believe will many times again - because the potential for AI and machine learning to impact markets shouldn't be downplayed. So if you plan on being around for awhile, now is probably a good time to start learning about it. To gain a better understanding we spoke to Stephen Mathai-Davis the co-founder of Quantamize, a the firm that's applying this tech to the cryptocurrency markets, currently for the 25 top coins. Wall Street has been using similar tech for awhile now, his company being among those doing it. But stock or cryptocurrency, both share the same goal - better insight on when to buy or sale. I should mention upfront - they don’t keep this data to himself, nor does he expect anyone to pay for it without proving it’s worth first. He’s confident enough to let people access the data for 3 weeks for free, and not some gimmick free trial they hope you forget to cancel - they don't even require a credit card. I would suggest giving it a test run by doing some off-book theoretical trades, without really buying/selling any coins. First write down what you would have done without this new data. Then write down what the AI was predicting and follow the results for both. Do this for awhile and see the results,it will be obvious if you're making better trades with it or not. Personally i'm using it as a 'second opinion'. If both myself and the AI agree - it's probably the right move. If i'm about to sell a coin the AI is saying I should be buying, it's a sign I should take another look because perhaps it saw something I missed. Like me you probably have a whole lot of questions, hopefully I covered them. Here's my conversation with Stephen Mathai-Davis from his New Jersey office..

Let's get to know who we're talking to before we get to the technicals, tell us about your background, what did you do before creating Quantamize? Before co-founding Quantamize, I spent most of my career in institutional investment management as both a trader and research analyst.  I was an analyst and junior portfolio manager with coverage responsibilities for global consumer, energy & power, and financials stocks. Over the course of my career, I have been lucky enough to have had the experience of working in areas related to trading (at an investment bank, hedge fund and a large asset management company), research, portfolio management and financial technology.  They were all very cool experiences that really helped shape many of the skills I would need to help launch Quantamize.
How about the rest of the Quantamize team. What unique backgrounds or skill sets do they bring to the table? I co-founded Quantamize with my two parents, Wallace and Prema Mathai-Davis, and we are joined by Rich Ackerman and Paul Baessler.  The entire team has extensive backgrounds in finance ranging from basic asset management to venture capital and FinTech. Wallace and I are the two co-managing members of Quantamize.  Wallace has had a distinguished career in institutional Wall Street, running several large asset management businesses as well as being a senior advisor and board member on several successful FinTech startups.  The five of us are joined by Ed Boll, Bill Visconto, Jim Ryan and Arnim Holzer from the EAB Investment Group. EAB is an elite options investment/trading firm and has known the principals of Quantamize for several years.   So before cryptocurrencies you were using this technology on stocks, now you do both.  There are some obvious similarities, and differences, how did you have to adjust to make that leap from stocks into crypto?
We actually decided to experiment first in the crypto market.  From our vantage point, we thought it made more sense to experiment more with cryptocurrencies since the market is more welcoming to different types of approaches that might be looked at with more skeptical eyes in stock investing (and other traditional asset classes).  Let me illustrate an example: we first implemented our approach of using several machine learning algorithms to cryptocurrencies. Since ML algorithms are notoriously unstable when applied to financial markets, we thought it made sense to use multiple algorithms simultaneously to increase the stability of the accuracy.  Of course, the fact that crypto price data is non-stationary also weighed in heavily on this decision. The net result is that we use many types of machine learning algorithms at one time, both supervised and unsupervised, to predict each crypto we model. Just for reference, each individual crypto we model has its own unique basket of algorithms.  However, all that aside, we still find it easier to predict stocks...the instability of crypto time series data makes it very difficult to model!

Why did you decide to expand into the crypto market? As a firm, we have been drawn to the decentralization focus of the cryptocurrency, and blockchain movement at large. Personally, I have been involved with Bitcoin going back to early stages.  Growing up, I was avid video gamer (RTS much more than FPS and MMORPG) and it felt natural for me to gravitate towards the cryptocurrency community given its similarities to the old online communities I used to participate in when gaming -- feels like many of the innovators in the space are some of those same gamers! Between stocks and crypto, which is easier to predict? (Maybe not 'easier' - but which are you predicting more accurately?
Hands down, it is easier to model stocks.  While we don’t have a blind faith in the brownian motion of stocks, it is certainly easier to build around a basic drift in stocks than it its to find anything remotely reliable in cryptocurrencies.  Like I said earlier, the instability of crypto markets causes the time series data to become non-stationary which materially impacts the ability of traders to apply traditional quantitative techniques to these markets.   What factors are taken into account and analyzed by Quantamize?
We look at several factors and derivatives of factors.  Without getting lost in the jargon, we focus on arbitrage across different exchanges (we look at north of 200 exchanges globally), volume trends, sentiment data, data from the blockchains themselves as well as the behavior of large players, or whales.  Our models consider all these factors as well as embedded decay rates for their unique time series. For a Quantamize user, how is that data then presented to them?
Results are presented in a very straightforward way -- we try to simplify the process of making an investment decision for our subscribers.  Trading signals are either “Buy” or “Don’t Own”. Why did we choose “Don’t Own” over “Sell”? We just don’t think it is wise to recommend our subscribers try to short technology, which essentially is what a digital currency represents, in its nascent stage.  To avoid that level of confusion, we chose to use the language “Don’t Own” over “Sell”. How should a user use this data? People see a "BUY" or "SALE" next to a coin and think that means "dump it all!" or "put your life savings in!" - but really what kind of trading strategy is this intended for?
That is a great question.  Our signals are based on Buy/Don’t Own.  Now, in the real world, we wouldn’t expect users to put ALL of their life savings into a “buy signal” though we do feel that if “traders” see a “don’t own signal”, they should sell everything.  Remember, these strategies are built for those subscribers looking to trade in and out of cryptocurrencies. For those subscribers simply look to create an “allocation” to cryptocurrencies, we have created our specialized portfolios.  These portfolios are built around aggressive, low volatility and thematic strategies. We are especially proud of our low volatility strategy which seeks to manage overall volatility in the portfolio while also placing a special focus on left tail volatility.  We believe left tail risk is the biggest risk facing an investor in the cryptocurrency market today. Our Fat Protocol “cryptofolio” is made up those digital currencies we consider viable utility tokens. We use unique form of AI to create a very balanced allocation for those of our subscribers who are interested in these types of cryptocurrencies. How far out are you able to make predictions that are still at least 'usually' accurate?
Typically, for our trading signals, we only predict out 3 days.  Why only 3 days? We find it difficult to predict further out effectively given how quickly the crypto markets change.  Similarly, trying to predict short-term moves in cryptocurrencies is very difficult with any level of accuracy. We are very proud of the fact our machine learning models have high accuracy scores and are reticent about doing anything to compromise our ability to give our subscribers the best possible recommendation.   Care to share some current predictions?  How about best/worst coin in the short term, and same for the long term.
Ha, that is a tough question.  We never go that far out. However, if we you were to ask which coins we like in general, it is definitely “the fat protocol” coins.  We are qualitatively biased to utility tokens since, essentially, the user is basically buying into a piece of technology. All that aside, if you were to ask us what coin your readers should consider RIGHT NOW, we would definitely say buy Bitcoin.  As goes Bitcoin, so goes the rest of the crypto markets at the moment. Correlations are too high with dispersion trends too low to warrant buying smaller-cap coins in the altcoin space at this moment (assuming limited knowledge of the technology and/or blockchains behind these smaller, less liquid digital currencies).  For those who are interested in investing in altcoins, we would recommend using our diversified low volatility strategy. If anyone reading this would like to try Quantamize out for free, you let them. What do they need to do?
Totally!  Quantamize offers a 21-day free trial without asking for a credit card.  Sign up and take the Quantamize platform for a spin to see if you like it.  Free trial members get full access to the entire platform for the entirety of their free trial.   Anything the horizon that we won't see yet when visiting the site?
We will be releasing an awesome asset allocation tool in the coming weeks which will let our subscribers create diversified allocation of different kinds of ETFs and Bitcoin.  Just imagine a multi-asset allocation that also include Bitcoin based on your risk profile and risk biases. No robo-advisor is offering this type of combination. We will even let users backtest the results of their optimal allocation just to see how it would have done over the past few years.  We are really excited to bring this awesome tool to our subscribers!
Thanks to Stephen for taking the time to speak with us, and you can see it for yourself at https://www.quantamize.com

Author: Ross Davis
E-Mail: Ross@GlobalCryptoPress.com Twitter:@RossFM
San Francisco News Desk

Coinbase already UNDER FIRE gets gas thrown onto the flames - inside the past few days of a public relations nightmare...

Coinbase is quickly learning that the power and influence that earned them an $8 billion valuation also comes with people watching every move they make, and listening closely to every word they say.

Lately, a lot of people really don't like what they've been seeing and hearing.

If you need to catch up on things, the summary is - they purchased a company called Neutrino, which was founded by a man named Giancarlo Russo.  There's nothing sinister specifically about Neutrino, or Coinbase's reason for doing business with them - they make analytics software, Coinbase was looking to upgrade theirs.

The problem is - this isn't the only company its founder created, he's also behind the infamous 'Hacking Team' which is accused of everything from helping the US government spy on its citizens, to supplying other countries with spyware they used to arrest journalists and political protestors.

To make matters worse, with the backlash from that still growing - one of their own employees threw gasoline on the fire.

Christine Sandler, Coinbase’s director of institutional sales made a failed attempt at spinning things into a story about how much they care about privacy. Speaking to Cheddar, she said the whole reason they needed new analytics software is that the old provider was“selling client data to outside sources" - opening up a whole new scandal on top of the current one.

No surprise - people didn't hear it how she imagined they would, and Coinbase now says she simply misspoke - client data was never sold by or even supplied to the previous provider.

One of the perks of being headquartered in Silicon Valley and attending way too many conferences and meetups are the people I've been able to become friends with, many happen to be from various companies in the cryptocurrency or general tech industry. Hopefully, I earn their trust by covering their companies honestly, even when they screw up.

This is how I've been fortunate enough to build a decent list of sources, including several inside Coinbase. One of them is ranked pretty high up on the corporate ladder and in a position that effects decision making and policy within the company.

I wanted to understand how they got here to begin with, beyond the official public statements. Usually, I get a 'no comment' back from this particular source - but this time they had a lot to say:

"I agree with some of the critics here and so does [the CEO] Brian. I would never tell a journalist what to say but I reply to you because you've been fair.  In the interest of being fair don't you think it's dishonest to be angry at us but is still be using Google or Facebook?   I see your publication has links to a Facebook page on your homepage and I assume like most people you use Google for searches, do you not? 

Humor me for a minute - what recently came to light over at Google? They were building AI [artificial intelligence] to make military drones better at spying. It took a revolt from low-level employees to stop it, but what that means is their leadership was all for it.

There's a whole other Google for christ sakes, one where apparently the Chinese government has never been criticized on the entire internet, no matter how hard you search for it. Is every company that uses Google services evil now? Or can they separate something like purchasing cloud services from helping China censor their citizens? 

Facebook was even building a tool that would have given the Chinese government the power to censor any post they don't like. It still didn't satisfy the Chinese government enough to let them in so they spun it like they dumped China to stand up for free speech, but that isn't what happened. 

Facebook also says their AI scans your private messages for things to 'flag' for review, do you know what those things are? I don't.

My point is this: Coinbase already holds itself to a standard above other companies that our critics use on a daily basis, some tweets that were directed at us frankly make no sense when you include this fact."

To be fair - all this is true, and valid to bring up - but only for some perspective on the issue as a whole. But two wrongs don't make a right -  so I asked what is the actual company philsophy? How did this all go down to begin with?

"Remember this is a company started by a guy who also has a *separate* company [hacking team], that separate company is the one accused of doing some bad stuff.  Right off the bat notice how far removed Coinbase is here.  We didn't know the extent of the things they were accused of, and you can be sure we'll be doing deep research from here on out before any other acquisitions.

We were focused on was answering: does the software work? Testing it was the focus of our research.

The craziest tweets I saw basically were saying 'Coinbase has put their security at risk' a conspiracy theory that the software could contain spyware. Let me add and emphasize - WE OWN THE COMPANY AND THE SOURCE CODE. To imply we wouldn't notice spyware built into it is downright dishonest. Please put that in bold, it's the most important takeaway here for your readers.

Even with these fears being unfounded we announced today that we're letting go of all employees who were working at Neutrino before we acquired it. All we wanted was the tech and our team is capable of keeping it up to date from here.

 Trust me when I say we never imagined Coinbase's name thrown into articles about international 'black ops' and 'government spying' when looking into analytic software solutions.

All I'm saying is think big picture. Coinbase participated in none of the acts people are against - it was guilt by association, and we've ended that association."

I think what we're seeing here absolutely is a double standard - but it's one I'm glad we have. We're aware some tech giants have done a lot wrong and we don't want to see crypto go down the same path.

So, while I cannot support Coinbase's initial decisions I can applaud how they handled it in the end. As mentioned above, the complete statement from CEO Brian Armstrong says:

"We took some time to dig further into this over the past week, and together with the Neutrino team have come to an agreement: those who previously worked at Hacking Team (despite the fact that they have no current affiliation with Hacking Team), will transition out of Coinbase"

In closing I just want to say - I love that the cryptocurrency world is like this.  I love that Coinbase doing business with people who violate free speech was enough to unite us in disapproval, and I love that Coinbase basically said 'you're right' and took action.

Something just rubs us the wrong way when we hear of governments restricting it's citizens basic rights like free speech.  I don't know exactly what to call it, and I don't know many people I'd describe as 'political activists' in crypto - but there are some lines you just don't cross.

Whatever this is called, let's never stop doing it.

Author: Ross Davis
E-Mail: Ross@GlobalCryptoPress.com Twitter:@RossFM
San Francisco News Desk