Topic: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs - page 187. (Read 2984910 times)

I came across this just now:

https://imgur.com/ix6UchF
(could not insert the image, so I posted the link to it)

This is more outrageous. I mean Forcing us to buy xem, from them obviously, in order to get our deposits available to us.
Second thought: Does this have connection with stolen xems?
http://bitcoinist.com/blockchain-forensics-coincheck-stolen-nem/
Definetley stolen coins had been moving to other exchanges, and the process of following route will take some time.

NEM Wallets:
All exchanges still have their NEM wallet offline. Cryptopia shows theirs as online, but it is not. NEM foundation still quiet.
NEM living up to it's reputation. No champagne, caviar, or anticipated news. Just hard work and quiet encouragement.

NEM Prices Update:
Japan leads the way with bullish trading, trying to overcome global bearish sentiment. Zaif Exchange XEM prices often plow ahead of other exchanges by as much as 6 cents before meeting resistance.
Cryptopia the slowest to respond to price changes, allowing for great buying opportunities.
Rumors of Binance to offer NEM arise once again, giving slight boost. However this is unlikely to happen until NEM wallets come back online.

Bitcoin Price Update:
"Tokyo Whale" dumping BTC on the market is the main contributing factor to BTC price drop.
Binance trade bot dumps alt coin, causing rumors that they were hacked, leading to panic sells. - They were not hacked, and the malicious trade bot issue was resolved very quickly, with all unauthorized trades revoked.
SEC statement least of anyone's worries right now.

I think a lot will be quite happy to double their investment

It's outrageous. It seems to me that this greatly spoils the reputation of the exchange. People lose confidence in such exchanges. I hope that the exchange will solve your problem.

Ah true, JPY would actually make sense. And we are probably safe to assume that Binance has enough of that

Voting is now open for the TravelbyBit Community Fund proposal. Please show your support for the project.

To vote YES:
Send a 0 XEM transaction to:
NB5DY5-PM4EWA-ZPMXSH-QLVXXJ-WD2WVZ-C2SU3V-HDAU

To Vote No
Send a 0 XEM transaction to:
NCPICY-PTX3GH-RXW433-YU7JGB-GO4A3W-VPZJXN-ZSDC

TravelByBit - Travel the World and pay with XEM! https://forum.nem.io/t/travelbybit-travel-the-world-and-pay-with-xem/13227

Every exchange has their NEM wallet offline, except obscure ones I won't even mention. Trading can still happen within the exchanges, but nothing outside.
NEM team doesn't just "know about it". They must be behind it. The question is why. Is it a good thing, or bad?

Regarding repayments: Announcing you will do something has an effect. Once you actually do it, it exemplifies that effect, but any savvy investor isn't likely to wait. I did mention previously about watching those volume spikes.
Right now NEM global trade volume is setting records, exceeding the volume that occurred when the hacker dumped. Why is trade volume so high? Why are single traders buying through several layers of sell bids? Why is this happening despite all exchange wallets being offline? The Chinese dumped for a period of 30 minutes, decreasing price from 44 JPY to 36 JPY. A significant drop, yet rebound was quick. Why is NEM foundation sooo quiet during all this? Can you connect the dots?

Regarding bitcoin: There is $1.9 Billion worth of BTC to be sold. When this happens, how this happens, we do not yet know. Last time it happened, BTC went from ATH of nearly $20k to $6k in a short period.
The SEC announcement is not immediate regulatory affect, but requirements are likely to follow. This is not a requirement to register with the SEC, like security exchanges must. There are other options. Crypto exchanges can rebrand as alternative trading systems (ATS), or join a self-regulatory organization (SRO).
The SEC statements main point was that Crypto exchanges appear to investors as SEC-approved exchanges with regulated marketplaces. Maybe a big warning pop ups stating "WE ARE NOT SEC REGISTERED, WE ARE COMPLETELY UNREGULATED" will be enough. Likely accompanied by user agreements required to sign before trading.
Right now, we can only speculate.

The biggest issue I see would be if foreign exchanges would be required to have every single alt coin in their system, be approved by the SEC before being allowed to service US traders. But that seems unlikely. Most foreign exchanges are already registered and regulated in their own countries. After recent coincheck hack, Japan is increasing regulation enforcement. - They already have regulations, but have been lax in enforcement and oversight.

It's all good. But don't you think they're going to pump up to 80 cents by next week to pay people and then we'll see the price collapse again?

Japanese and Koreans are leading the buying. Their volume has increased due to the refund of the Coincheck hack to Japanese investors next week (@ 80 cents per lost XEM). They are most likely buying in before this happens as they are anticipating that the refunded investors will buy back in

With most cryptos are down due to SEC news towards bitcoin being a commodity, XEM is holding up to its own. Goes to show you that NEM platform has a huge support and the ecosystem will be expanded to cater different business sectors.

That's good to know that lots of others are having wallet issues. That means the NEM team probably knows about it.

If Coincheck funds start getting repaid next week, then I won't expect to see too much price increase for XEM until next week.

Wallets are down on most exchanges. Chinese exchange Huobi managed to push deposits through. There was an immediate dump, but market absorbed it and continued rising.

Anyone with any transaction issues, just sit tight and don't worry. Know that nearly the entire world is having the same issues as you. In the meantime, your XEM keeps increasing in value.

I see people keep asking the same questions, making the same speculations. If you would take the time to read the past few pages of posts, I thought I had answered your questions quite well. Go back a few pages and read them slowly. 
Those with stolen funds are being reimbursed in JPY at a valuation of aprox 88 US Cents. Repayment begins next week.

I thought I read they were getting reimbursed in jpy. Don't quote me on that, but if so I'm hoping they see what a good deal is staring them in the face and buy up 3x as much NEM as they had before the hack. It will drive up demand and price, as well as gain ground vs btc, which is down a bit now. Then hopefully when the broader market picks up, we will be in a better position to rise with it and recapture some of those lost gains. More importantly, such a move would probably vault us back into the top 10, and give us more breathing room and a higher support floor.

On Cryptopia the block still stands on 1533385 for more than a day now. What is the reason of this?
I did my deposite yesterday on block 1533527. 
The deposit is not on the deposit history.
I have open a ticket 

So what is wrong with Cryptopia???

Thanks for your help!!

The price is climbing on BitTrex.

However, I notice the BitTrex wallet is offline pending hearing from the developer.

Also, the supernode my harvesting account is on is down at the moment.

Is there some major fork or upgrade going on at the moment?

Yeah, NEM has had quite a tumble since the hack, even in light of the broader bear market. Let's see how it affects the price.

I read the article but where do you read how those people who lost funds get reimbursed? Do they get NEM or do they get the equivalent of the moment when the theft happened in BTC? If the exchange reimburses them in NEM that would mean they need to buy it from the market and push the price up.

The publicity is sure a good thing in the longrun

Its been noticeable that Nem is not moving as of now but likewise it will be a quick jumped XEM still on its decent value. When XEM will start to move it will move fast. I Just filled my bag with some new XEM.

Neat project, we'll see where this goes!