~snip
Many thanks! Apparently I forgot to insert the source. You are right, any shilling from any celebrity should be taken with a grain of salt. People who have little connection with the cryptocurrency world cannot advise anything really worthwhile, which means they pursue their own financial interest. And as we know, for some, money does not smell. |
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Washington D.C., Sept. 11, 2020 — The Securities and Exchange Commission today announced charges against five Atlanta-based individuals, including film producer Ryan Felton, rapper and actor Clifford Harris, Jr., known as T.I. or Tip, and three others who each promoted one of Felton’s two unregistered and fraudulent initial coin offerings (ICOs). The SEC also charged FLiK and CoinSpark, the two companies controlled by Felton that conducted the ICOs. Aside from Felton, all of the individuals have agreed to settlements to resolve the charges against them. The SEC’s complaint alleges that Felton promised to build a digital streaming platform for FLiK, and a digital-asset trading platform for CoinSpark. Instead, Felton allegedly misappropriated the funds raised in the ICOs. The complaint also alleges that Felton secretly transferred FLiK tokens to himself and sold them into the market, reaping an additional $2.2 million in profits, and that he engaged in manipulative trading to inflate the price of SPARK tokens. Felton allegedly used the funds he misappropriated and the proceeds of his manipulative trading to buy a Ferrari, a million-dollar home, diamond jewelry, and other luxury goods. https://www.sec.gov/news/press-release/2020-207
2.2$ million versus 75$ thousand. It seems to me that the fine was given too sparing. |
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Everything is relative. The high fees on the Ethereum network are inconvenient for everyone, including me. However, you need to understand that this is a matter of habit. We are accustomed to the fact that on the Ether network there are always low fees, while on the Bitcoin network, they could be both low and high. Miners, for example, are, on the contrary, happy with this outcome of events, because their profits have increased. This is a blockchain and it has exactly these costs. I don't think anything can be done about it. Those who are not satisfied with high commissions, like me, will be forced to adapt or switch to another blockchain. One way or another, this is a guarantee of development.
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It looks like Bittrex has released an update explaining the situation.
Why is Bittrex Global suspending service in the Ukraine, Belarus, Burundi, Mali, Myanmar, Nicaragua and Panama?Bittrex Global prides itself on being not only the safest and securest place to trade cryptocurrency but also the most strictly regulated. With that in mind, due to the current regulatory environment in certain jurisdictions, we were instructed by our Legal and Compliance teams that in the short-term, we would need to suspend service from a few countries, these include: Ukraine, Belarus, Burundi, Mali, Myanmar, Nicaragua and Panama. What do I need to do if I am from one of the affected countries?Please login to Bittrex Global and withdraw all of your funds before September 24th, 2020. For additional help please see our support article here. If you have two-factor enabled, you will need to enter your 6 digit code. If you do not have two-factor enabled, you will need to login to your email account and click the verification link sent to you. Please note if your balance is below the minimum withdrawal amount for the wallet, you will not be able to withdraw it. The minimum withdrawal for all coins must be greater than 3 times the fee. For example, your balance in BTC must be .00150001 or greater as the fee is .0005. When is the last day I will be able to access the funds in my account?Your account will be active until September 24, 2020, 23:59 UTC, after this time, service will be suspended. What happens if I do not access my funds by September 24th, 2020?We highly recommend that you withdraw your funds immediately. If funds remain in your account after September 24, 2020, 23:59 UTC, we cannot guarantee their withdrawal. In the event that you have not withdrawn funds from your account before the deadline, you may still be able to withdraw your funds, but will not be able to trade with the balance in your account. If any issues arise, please do not hesitate to contact our Customer Service team. There haven’t been any recent changes to the regulatory policies in my country, why is this happening now? Bittrex Global’s Compliance and Legal teams monitor the regulatory landscape in all countries it operates in, as well as the interaction of rules and regulations in all these jurisdictions. Although it is not an easy decision, at this time, our team believes that suspending services in the affected countries is the best course of action. https://bittrexglobal.zendesk.com/hc/en-us/articles/360016422699-Important-Account-Information-for-Bittrex-Global-Users-in-Ukraine-Belarus-Burundi-Mali-Myanmar-Nicaragua-and-Panama |
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I think in this case it is important to correctly prioritize. If your goal is enjoyment, then all the money lost should be attributed to investments in your entertainment, and the winning funds should be considered nothing more than a pleasant bonus. If you are focused on money, then you should have a specific plan and strategy with a fixed bankroll management and risk management, and you should also forget about entertainment and consider it a by-product of your good game.
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Well said. But without experience, your words mean little. I do not think that there is at least one person here who would not lose his head in gambling while losing or contributing more and more funds after a loss.
I don't think that a person without such experience can realistically assess how dangerous the lack of control in gambling can be. To understand this, you first have to lose control, and then realize that you have lost it.
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Due to regulatory requirements, customers who reside in certain countries (see full list below) can no longer use the Bittrex platform. This list was updated on September 2, 2020. List of Countries - Belarus
- Bosnia and Herzegovina
- Botswana
- Burundi
- Cambodia
- Central African Republic
- Congo Democratic Republic of the
- Cote d'Ivoire
- Egypt
- Eritrea
- Ethiopia
- Ghana
- Guinea
- Guinea-Bissau
- Guyana
- Iraq
- Lao People's Democratic Republic
- Lebanon
- Libya
- Maldives
- Mali
- Myanmar
- Nicaragua
- Pakistan
- Panama
- Somalia
- South Sudan
- Sri Lanka
- Sudan
- Trinidad and Tobago
- Tunisia
- Uganda
- Ukraine
- Vanuatu
- Venezuela (Bolivarian Republic of)
- Yemen
- Zimbabwe
https://bittrex.zendesk.com/hc/en-us/articles/360034965072
Update 12.09.2020:Why is Bittrex Global suspending service in the Ukraine, Belarus, Burundi, Mali, Myanmar, Nicaragua and Panama?Bittrex Global prides itself on being not only the safest and securest place to trade cryptocurrency but also the most strictly regulated. With that in mind, due to the current regulatory environment in certain jurisdictions, we were instructed by our Legal and Compliance teams that in the short-term, we would need to suspend service from a few countries, these include: Ukraine, Belarus, Burundi, Mali, Myanmar, Nicaragua and Panama. What do I need to do if I am from one of the affected countries?Please login to Bittrex Global and withdraw all of your funds before September 24th, 2020. For additional help please see our support article here. If you have two-factor enabled, you will need to enter your 6 digit code. If you do not have two-factor enabled, you will need to login to your email account and click the verification link sent to you. Please note if your balance is below the minimum withdrawal amount for the wallet, you will not be able to withdraw it. The minimum withdrawal for all coins must be greater than 3 times the fee. For example, your balance in BTC must be .00150001 or greater as the fee is .0005. When is the last day I will be able to access the funds in my account?Your account will be active until September 24, 2020, 23:59 UTC, after this time, service will be suspended. What happens if I do not access my funds by September 24th, 2020?We highly recommend that you withdraw your funds immediately. If funds remain in your account after September 24, 2020, 23:59 UTC, we cannot guarantee their withdrawal. In the event that you have not withdrawn funds from your account before the deadline, you may still be able to withdraw your funds, but will not be able to trade with the balance in your account. If any issues arise, please do not hesitate to contact our Customer Service team. There haven’t been any recent changes to the regulatory policies in my country, why is this happening now? Bittrex Global’s Compliance and Legal teams monitor the regulatory landscape in all countries it operates in, as well as the interaction of rules and regulations in all these jurisdictions. Although it is not an easy decision, at this time, our team believes that suspending services in the affected countries is the best course of action. https://bittrexglobal.zendesk.com/hc/en-us/articles/360016422699-Important-Account-Information-for-Bittrex-Global-Users-in-Ukraine-Belarus-Burundi-Mali-Myanmar-Nicaragua-and-Panama |
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Colin Wu: The Chinese exchange Gate.io, in the Guangdong office, was reported by users for Kimichi coins, and the police went to conduct a search. The reason is that Chinese exchanges are crazy about listing DeFi coins. Kimichi's plunge has caused investors to suffer heavy losses. They believe that Gate.io is suspected of causing counterfeit coins, but in fact it is because of investment losses. https://twitter.com/WuBlockchain/status/1304103680304537607 |
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Taking into account all that is happening in Belarus, it can be assumed that in the near future, crypto-transactions will be prohibited on the territory of the republic, obviously if this initiative with support in crypto-currencies continues.
And the participants, naturally, will receive criminal liability, as is the case now. The regime will stifle protests at all costs.
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#Authentication Post
Type of campaign: Signature
Bitcointalk Username: bitcoinst
ERC20 wallet address: 0x8c1Cb17a676668D05560231A6f90298AE41877bf
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The St. Petersburg police closed a cryptocurrency exchanger belonging to an organized group of scammers. They stole money from bank cards and transferred it into bitcoins.Fraudsters under the guise of bank employees phoned citizens and convinced them to transfer money to bank cards issued for dummy persons. Money was cashed through ATMs and transferred to bitcoin exchanges. 10 members of the criminal group have been identified. Seven of them were detained in Yalta, Kaliningrad, Ulan-Ude, Khabarovsk and St. Petersburg. The police received statements from at least 15 victims who transferred more than 2 million rubles to the fraudsters. To cover up their activities, the attackers launched a cryptocurrency exchanger. The police identified organizers, coordinators and operators of an underground office located in a business center on the Moika River embankment. https://forklog.com/v-sankt-peterburge-zaderzhany-organizatory-bitkoin-otmyvochnoj-na-milliony-rublej/
Translation from Russian.
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Bitcointalk Name: bitcoinst
Current Post Count: 4479
Amount of Merit EARNED in the last 120 Days: 31
BTC Address: bc1qs3mcfmyak58df3stt4ldf58qta7u8pyakvx5rq
I will be happy to join the team.
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WSJ: Robinhood facing SEC investigation over dealings with high-frequency trading shops Popular millennial stock and options brokerage is said to be under civil fraud investigation into its failure to properly disclose how it routes client orders to high-frequency trading shops, according to The Wall Street Journal. Per the report, the investigation — conducted by the Securities and Exchange Commission — is in an "advanced stage" and could result in a $10 million fine. Robinhood makes a good portion of its revenues through a practice known as payment for order flow. Under a PFOF deal, a broker will sell off client order flow to high-speed traders like Citadel Securities, which internalizes and matches the orders. A deal could be announced this month and "the two sides haven't formally negotiated a proposed fine," according to the Journal. Robinhood has previously been slapped with fines relating to its order routing practices. At the end of 2019, FINRA announced a $1.25 million fine against Robinhood for improperly routing orders. https://www.theblockcrypto.com/linked/76781/wsj-robinhood-sec-investigation
They will pay fines and keep working. |
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AlphaBay darknet moderator, who was paid in bitcoin, is sentenced to 11 years in prisonBryan Connor Herrell, a 26-year-old resident of Colorado and former moderator of now-defunct darknet marketplace AlphaBay, has been sentenced to 11 years in prison. The U.S. Department of Justice announced the news on Tuesday, saying that Herrell settled disputes between vendors and purchasers of AlphaBay and was paid in bitcoin (BTC) for his services. Herrell, who went by the monikers "Penissmith" and "Botah," also served as a scam watcher, to monitor attempts to defraud AlphaBay users. "Herrell's sentence sends a clear message to criminals that the darknet is no safe haven for illegal transactions," said Sean Ragan, special agent in charge of the FBI's Sacramento Field Office. Herrell pleaded guilty in January of this year. Bitcoin remains the most popular choice of crypto among darknet marketplaces, as The Block Research found out recently. Among the 49 darknet markets surveyed, about 98% of them support bitcoin. Monero is the second-most popular cryptocurrency — it's used by 45% of markets. https://www.theblockcrypto.com/linked/76699/alphabay-moderator-bitcoin-sentenced-11-years-prison
It looks like you can't feel completely safe on the darknet either. It is interesting how they managed to de-anonymize him, because such characters are very vain regarding their anonymity and security. It is not possible that in the future we will face multiple arrests of the owners of the darknet.
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The Seoul Metropolitan Police Agency has reportedly seized South Korea's largest crypto exchange Bithumb for alleged fraud. South Korea's oldest newspaper, the Seoul Shinmun, reported the news on Wednesday, saying that Bithumb's offices have been raided. The exchange is reportedly accused of pre-selling native BXA tokens worth about 30 billion won (~$25 million) to investors and then not listing the token, which has allegedly led to losses to investors. Bithumb is said to have issued BXA tokens in 2018 concerning its acquisition by Singapore-based BK Group. But that deal reportedly didn't materialize. Bithumb chairman Lee Jung Hoon is also said to be under investigation by police on charges of escaping property. The Block has reached out to Bithumb for comments and will update this story should we hear back. https://www.theblockcrypto.com/linked/76692/police-reportedly-seize-bithumb-south-korea-crypto-exchange |
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Sorry. Did I hear it or did the Russians reinvent blockchain?
It is not entirely clear how they are going to deal with drug traffic, because it is impossible to identify all wallets, new and new ones will appear. It remains only to negotiate with the exchanges to block this kind of funds, but it still needs to be proved that the funds are "dirty". So far, this looks like a great project for kickbacks of collected money.
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As history shows, miners will mine. When, for example, the price of bitcoin fell to 3000, many miners were faced with a choice whether to continue mining at a loss or stop it.
Many of them said they intend to close their large farms. Nevertheless, most of them continued to mine, because if they did not do it, others would.
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