I cannot say with certainty how this will affect companies like Binance, but Malta is a full member of the European Union and I don't see how it could stay out of reach of AMLD5. If they want to do business within the EU, they will need to adjust to a new directive. It's not just AMLD5, but also AMLD6 directive which brings 5 more amendments and has yet to enter the approval process of EU member states.

European lawmakers seem to have decided to deal with every form of anonymity in the financial business, which is likely to cause some companies to change their place of business.

Ridiculously small penalties if you ask me because punishment should deter the perpetrator from repeating the crime, rather than encourage him to try again, with an emphasis on being more careful next time (not to get caught). If the Canadian penal system is like most others, then brothers will most likely serve only 2/3 of their sentences and will continue to do the same things as before.

I'm not a racist and I don't look at people by the color of their skin, but these are not Canadians - these are immigrants who think they are intelligent but actually embarrass themselves and their compatriots. Once a thief, always a thief - article with picture one of the scammers : Judge denies release of a Canadian man accused of duping Oregon woman in Bitcoin fraud

RIBC, assuming you have the correct seed, then the problem is in derivation path as mentioned by nc50lc. When you restore your wallet with seed, what type od address you see, starting with 1 (legacy), starting with bc1(native segwit) or starting with 3 (nested segwit)? In the process of wallet recovery you need to select type of wallet you have used before, which means type of address needs to be the same.

My advice is to download 3.3.8 version (Windows Installer), to be as careful as possible when typing seed and to select correct option for derivation path. After wallet is sync, you should see your balance.

I agree that this is not a classic hack, but how he gets phone numbers of potential victims? I'm sure it's not random guessing of numbers, it really wouldn't make any sense. 2 accounts and $1 million seems like a perfectly targeted attack.

It is a big responsibility on the telecom companies that provide replacement SIM cards very easily, sometimes without any verification. I personally had the experience of having my SIM card replaced in less than 1 minute without ever asking for verification. I just walked into my carrier's store, said my name and phone number, and got a new card. After that, I wouldn't use any SIM-related service that has anything to do with something as sensitive as cryptocurrency.

micgoossens, a very good summary of the past year and a look to the near future. China news has certainly had a positive effect in the short term, but Bitcoin and blockchain are two different things and those who know it was aware that this could not change the trend. Bulls did their best in Q2 and they pumped the price over $10k, but the correction was inevitable, except for those who were expecting a new ATH.

One of the things we can keep track of is the repetitive cycles, so we can speculate on the next one, which, if repeated, could cause a new big bull run. Since we know that halving is the starting point of such a cycle, we can assume that the second half of 2020 will bring some positive changes that could culminate in Q3/Q4 2021.

It would be nice to move up from $7000, but I think we can still be pleased with this year, Bitcoin is still alive and the so-called Bitcoin killer (Libra) is no longer mentioned. All in all, the future doesn't look bad at all, at least for those who look at it in the long run.

I would not call hacking if someone is not careful enough in handling their backup, it would be pure negligence used by someone to simply gain access to another person's private keys. It is the same with fake hardware wallets sites that are trying to trick inexperienced users into entering their seed online, or if a user is sharing his seed with someone else (we see such example on this forum), and another person is just clean all accounts.

To hack hardware wallet hacker actually need physical access, which in most cases is an impossible mission. What would be far more dangerous is a remote attack, but it would have to somehow exploit the vulnerabilities of the user interface and the hardware wallet itself, possibly combined with some vulnerability of the operating system.

I'm not going to say it's impossible, but pulling a seed out of a hardware wallet with a remote attack sounds like science fiction at the moment.

I would like to start by looking at the last point, Android without Google services. In this case, there are positive and negative sides to which we should pay attention. By using clean Android you give up all Google services, and that includes Gmail, YouTube, Earth&Maps, Google Play and many other things. The question then is what apps to use on your smartphone, where to get them from and how to be sure of their credibility? Google Play Store is not perfect, but still provides a somewhat solid level of security. Should I mention that you need custom ROM for free Android, and the knowledge to install it...

Using PIN, keep device up to date, and turn off all unnecessary spy features are smart tips. For those who would like to avoid Android completely, there are some alternatives in the form of Linux smartphones.

I think this is a good warning for anyone using their phones as some kind of insurance or extra protection for crypto exchanges. For some people, SIM-swapping is children's play, but as in the present case, they do not know how to hide their tracks and are quickly caught. For me personally, such an option is out of the question, the risk is simply too great. A much better and more secure option is e-mail 2FA, because e-mail is not easy to hack if we stick to some basic security.

What I find bad is the decision to release him until the trial begins, no matter what his passport confiscated. For $1 million theft he should be behind bars, but I guess he is saved by the fact that he is only 19 years old.

The European Union, or at least some of its members, has so far tolerated even the sale of cryptocurrencies up to a certain amount per transaction without any verification, and I also never had a problem buying some things and paying with BTC (in terms of tax). But this new AML 5 in EU will definitely tighten the rules of the game, some things that were possible before are becoming a thing of the past.

I mentioned in another thread that even faucets micro wallet (FaucetHub) is stop working with faucets, AML5 requires that each user be verified which is insane for people who click for few a few dollars a month.

I personally never had a problem understanding the Merit system, as all I had to do was read carefully what the admin post about it. Of course, there are users who do not understand how the system works, but it is easy to conclude from a personal example that if you give merit to someone, your total merit amount shown in the profile will not decrease.

I am not sure how the local boards are covered with translations of some of the basic features of the forum, but it is possible that part of the problem lies in a misunderstanding of English.

dunderbaba, what wallet you use for this transaction? You say it is about $2000 which is about 0.28 BTC, but the total transaction is 12+ BTC worth over $80 000?

Coins are sent to 34FAsnsgURPQkcMoL41BzRufnUaStdZotT and after that, they move to 13 different addresses, but most still ended up on 3QT5hB8qmBBpEeKTie6Cr2bzvwABW4kEk6 (11.88791659 BTC) and then again moved to new addresses. Coin is still on the move, mixing with someone other coins, but it is evident that it is an attempt to hide the track.

34FAsnsgURPQkcMoL41BzRufnUaStdZotT->3QT5hB8qmBBpEeKTie6Cr2bzvwABW4kEk6

I think the authorities will start monitoring the sellers at some point also and will require them to provide details of each transaction that it involves cryptocurrency. You buy a TV for BTC and you completely ignore to pay any tax (except VAT), but it is not too hard to connect the customer to the actual transaction and ask him to explain where he actually gets that BTC.

The most direct way to do this is to introduce a legal obligation on each payment processor to submit such information to tax offices every year. I personally have not yet purchased anything and paid directly to the seller in his personal crypto wallet, everyone uses payment processors like BitPay, CoinGate or CoinPayments. It would be desirable for things to remain as they are today, but I think it is only a matter of time before spending will start to be much more strictly controlled.

If CW Faketoshi says you tie a stone around your neck and jump off the Golden Gate Bridge would you do that? I don't trust people who say something without the hard facts and evidence, who are proven liars and who think only of their profits. Anyone can make a fork and a new version of BTC, but the original always remains the original, even though we have dozens of clones that consider themselves true Bitcoins.

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Although I have previously thought that people like this should not be ignored, I do not think it makes sense to prove something that has been proven so many times before. CW is just someone who likes to lie, steal someone else's ideas and present them as their own.

The new regulation is much stricter than the previous one, and the current view is that any crypto transaction will need to identify itself with the actual user. By this, I mean that some limits that were directed to buying/selling up to a certain amount will no longer be anonymous. It's not just about mining, but everything that is related to cryptocurrency, and that includes even faucets. Main micro wallet FaucetHub has ceased operations, and some new players are also in trouble and require verification of their users so they can continue to use the faucets.

I am not sure how new AML5 treats buying things with crypto, but things are likely to get tighter in the area as well. An easy way to launder money or not pay taxes is to buy something directly for BTC and then sell it for fiat.

Coinbase is an online service&crypto exchange and Electrum is just a desktop/mobile wallet. These are two completely different things, with first you buy/sell crypto and you need to do KYC (Know Your Customer) by verifying your account with the documents you will send to them. On the other hand, Electrum is a wallet that you will download and use for free, without any KYC and with one more most important thing - you will be in full control of your private keys.

I advise you to become familiar with all the concepts and basics before investing in BTC, and especially be careful with fake pages (phishing) which can cause a loss of your funds, by typing your login data to a fake site, or by download fake wallet (Electrum). I advise you to always use AdBlock for your browser, it will block most of the bad sites showed by Google.

AirdropNotifyer, you can read more about cold wallets in Bitcoin Wiki - Cold storage. One very popular method used by many for this purpose is Electrum-Cold Storage, and if the instructions are followed it really isn't complicated to complete the whole process. Of course, cold storage is primarily intended for those who have significant amounts of coins, because it is the safest way, although anyone can use it if they have high-security standards.

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Just one thing I would advise you is regarding the use of quote option. There is no need to quote the whole post, and then just add one line, it doesn't look pretty, and in most cases, it doesn't make any sense. Learn how to remove part of quoted post, or how to edit post

When you see this kind of offer, there is no doubt that it is a classic fraud, it is only a matter of how it is presented and how much effort and time someone put into the whole thing. Forget it, or better report it if you are sure that it is a scam.


Always pay maximum attention to what you click, but also use the help of security software, this is something that can save you even if you make a mistake. Your smartphone is vulnerable, just like your desktop computer, security is not something to be neglected, on the contrary, we should be at least one or two steps ahead of the hacker if possible.


You put Trezor under quotation marks, so I guess you know this is not a real cold wallet, you still need to connect it to the internet as most people do. Then you can become a victim of fake Trezor sites which will ask you to enter seed words there. Very naive, but sometimes a very effective and inexpensive way of scam.

This is something that is generally very difficult to explain to someone who is a beginner, but I think it is a very important step in mastering the basic material. How many times have we heard someone complain that he paid a very large amount of the fee and eventually concluded that Bitcoin is actually too expensive for transactions? Too many times if you ask me, all because of unfamiliarity with the basics.

Accumulated dust transactions sometimes have such a high fee that the user has the problem of sending the transaction at all, but some wise guys even today advise people to make just such payments because they have no idea what they are really talking about or they don’t really care. In the end "Bitcoin is bad technology" just because some don't know how to use it.

By the way, I made one pretty big transaction today and only paid 16 satoshis/byte which was only 3568 satoshis, but only because I wanted confirmation in the next block.

Sometimes it is really a little funny to me when Bitcoin connects with Venezuela in every way possible, either as the savior of the entire monetary system of the country or as some straw of the salvation of ordinary people. Although the percentage of unemployed is very large, the minimum wage in August was only $2 which is really not enough for any kind of life. It should also be noted that more than one million people have left the country in recent years.

Bitcoin can't help Venezuela, they need a lot more than that, above all, they need a miracle - and we all know that miracles happen very rarely, especially if you have bad relations with the masters of the world.

I don't think anyone who has any understanding of the basics of Bitcoin would not say something like this. Best time to sell Bitcoin is only then when you have some profit from that, or when you have no choice and have to sell no matter what the price is.

I doubt people who buy at $3000 should be too concerned because the price went down several hundred dollars, and what can you say for those who invested in Bitcoin at the time it was worth $100 or $1000? The price will go down until it starts to rise again, there is no great philosophy here - who does not risk, does not profit