Here's the proper link to the article: https://news.bitcoin.com/fbi-claims-arrested-cyber-crime-syndicate-co-founder-medvedev-worth-800m-in-btc/Looks like the arrest was made by Thailand authorities with cooperation of the FBI. It would be interesting to see whether the authorities can take custody of the coins, and how they'll split it. It could affect whether future regulations would treat Bitcoin as a currency or an asset. I wouldn't be against having those coins lost forever either. 100k Bitcoins entering the market would certainly cause a splash, likely in a negative way.If the FBI gets hold of the coins, they won't release them all at once. They have a history of auctioning coins steadily in tranches over many months, precisely because they don't want to be accused of moving the market.
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Be patient - if you are new, it will take at least a week to download the entire blockchain from scratch.
BUT - once downloaded, you just need to update your wallet for ten minutes a week to keep updated and it should function as smoothly as butter.
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Greetings! Recently I sent 399 trx from binance to MEW. I only got 198 trx now in mew. So i am guessing the rest were Binance fee??
Yes. Binance is famous for very high withdrawal fees. There was even a huge camapign on reddit to get them to reduce the fees and Binance just blew them off and said they weren't going to make any changes. A lesson learnt - check the withdrawal fees as well as the trading fees when you sign up for an exchange.
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Most of the big exchanges require you to pay money to them for a listing - it can cost as much as $5000. If I were you, I'd list on a decentralised exchange like Openledger: https://openledger.io/welcome(at the bottom of the page there is a "list your coin" form). Then try to build up trading volume before you approach other exchanges to list your token. (most won't even consider you unless you can prove trading volume, as they make their money from trading fees).
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Is it just because of those forks that give free money and it was december why we reached $20k? and do you think it will never happen again because people are now tired of forks?? It had a little bit to do with forks in that people sold their alts to purchase bitcoin, just to qualify for the airdrops. The new money coming into bitcoin didn't know about the forks however - they were driven by the news in the mainstream media about how people were making fortunes out of cryptocurrency.
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https://www.youtube.com/watch?v=UYHFrf5ci_gI stopped using Bitcoin since late November. I do not transact in bitcoin, only in LTC or ETH. But I was watching today some videos trying to understand the lighting network better, and I came across this one - and the guy makes a point, that lighting network has to be pre-funded with the money. And he makes a conclusion, that it is somehow related to banks. What do you guys think? Either banks, or big existing crypto entities like Coinbase. Coinbase already functions like a lightning hub in that transactions between coinbase users happen off-chain within Coinbase's internal database. My prediction is that the first lightning hubs will be wallet providers like Coinbase, Blockchain.info and the exchanges. And then the banks will get in on the act.
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https://www.zerohedge.com/news/2018-02-14/terrified-bitcoin-banks-forced-innovate-first-time-40-yearsYesterday morning, several banks in Australia started rolling out a new payment system they’re calling NPP, or “New Payments Platform.”
Until now, sending a domestic funds transfer in Australia from one bank to another could take several days. It was slow and cumbersome.
With NPP, payments are nearly instantaneous.
And rather than funds transfers being restricted to the banks’ normal business hours, payments via NPP can be scheduled and sent 24/7.
Across the world in the United States, the domestic banking system has been working on something similar.
Domestic bank transfers in the Land of the Free typically transact through an electronic network known as ACH… another slow and cumbersome platform that often takes 2-5 days to transfer funds.
It’s pretty ridiculous that it takes more than a few minutes to transfer money. It’s 2018! It’s not like these guys have to load satchels full of cash onto horse-drawn wagons and cart them across the country.
(And even if they did, I suspect the money would reach its destination faster than with ACH…)
Starting late last year, though, US banks very slowly began to roll out something called the Real-time Payment system (RTP), which is similar to what Australian banks launched yesterday.
It seems pretty clear they’re all playing catch-up with cryptocurrency.
The rapid rise of Bitcoin and other cryptocurrencies proved to the banking system that it’s possible to conduct real-time [or near-real-time] transactions, and not have to wait 2-5 days for a payment to clear.
Combined with other new technologies like Peer-to-Peer lending platforms, fundraising websites, etc., consumers are now able to perform nearly every financial transaction imaginable– deposits, loans, transfers, etc.– WITHOUT using a bank.
And it’s only getting better for consumers… which means it’s only getting worse for banks.
All of these threats from competing technologies have finally compelled the banks to innovate– literally for the FIRST TIME IN DECADES.
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Stellarport, Stellar Lumens decentralised exchange, is now live: https://www.finder.com.au/stellarport-stellar-lumens-decentralised-exchange-now-liveThe Stellar Lumens Decentralised Exchange, Stellarport, is now up and running. The Stellar distributed exchange has been active for a while now and can be accessed in various ways (such as the StellarTerm interface), but Stellarport might be one of the more convenient all-in-one options, also offering a Stellar wallet.
At the time of writing, the bulk of Stellar trading looks like XLM:MOBI pairs, but all the native Stellar ecosystem tokens are present, including Smartlands (SLT), SureRemit (RMT) and fiat currencies in the form of CNY. Here is the link to Stellarport: https://portal.stellarport.io/home
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And there are no laws for it. This is very stupid. There are laws for it. LAW: 'when man and wife quit, property is split' Bitcoin is just property. Even if you argue that it is 'intangible' property, it is still property. You have to split it. By law. Bitcoin doesn't magically change things such that old laws no longer apply. Fraud is still fraud, tax is still tax, divorce is still divorce. Stop pretending the Bitcoin upsets all these well established principles. That is precisely what caused Ross Ulbricht go to jail for the rest of his life. He made the mistake to think that because Bitcoin was not technically 'money' that he somehow wasn't the biggest drug dealer ever known to the world. Very fucking dumb. Bitcoin doesn't magically make all laws go away. Don't be an idiot and spend your life in jail next to Ross. The guy should give the bitch half his Bitcoin and then go make more. Don't get married again. Yeah. I think some people thought they could hide their wealth from their signicant other using bitcoin. But that's hard to do unless you have never discussed crypto with your spouse and they simply don't suspect you have any.,
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Looks like lots of remittance companies have adopted Bitshares: https://medium.com/@michaelx777/bitshares-taking-remittance-industry-by-storm-72c5c3d09433Among the remittance companies listed are Bitspark, Micromoney and Bankcoin. Bitspark, MicroMoney and Bankcoin combined will offer remittances to nearly every major region of the world. It is estimated that over $6 trillion will be sent in remittances by 2030. Many of these remittances will be sent using the BitShares platform.
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https://finance.yahoo.com/news/divorcing-couple-fights-over-830-000-crypto-stash-231408053.htmlIn the UK, a divorcing couple right now is quarreling over a stash of coins worth some $830,000. And there are no laws for it.
According to Business Insider, UK law firm Royds Withy King is currently advising no less than three divorce cases that involve cryptocurrency. The spouses are “seeking the disclosure and a potential share of cryptocurrency assets.” But no laws are governing such cases.
Only one of them, however, stands out, because of the value of the couple’s crypto stash. The husband invested £80,000 ($110,000) in cryptos, which are now worth £600,000 ($830,000). Did I say there are no laws to guide divorce lawyers in such matters?
However, the lawyers expect the number of cases to increase in the future. “These are the first cases we have seen, and we expect to see many more, Royds Withy King partner Vandana Chitroda said. “We believe that cryptocurrencies will be a significant feature in a large number of divorces. Whilst cryptocurrencies are volatile, they are not going to go away. It is important that if you believe your husband or wife has invested in or purchased cryptocurrencies, such as Bitcoin, and you are separating, you tell your legal adviser.” Hopefully this won't be bitcoin's beanie babies moment.
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It looks like Zcash might adopt the lightning type network according to the following article: https://www.coindesk.com/bitcoin-isnt-crypto-adding-lightning-tech-now/Several cryptographers working on the privacy-minded cryptocurrency zcash, as an example, have proposed BOLT, a new type of lightning-style micropayments tech that also preserves the network's anonymity. And project developers have hinted the technology is being worked on, even though it's not clear when it will launch.
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It's not an official fork - but to get your litecoin cash airdrop, you need to buy litecoin. IMO, that is why the price of litecoin has risen.
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Well if the Arizona State House of Representatives votes to allow state taxes to be paid in bitcoin (the Arizona State Senate has already voted in favour), then bitcoin is a currency. Because taxes are only paid with currencies, not commodities.
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Buffer's vice chairman has also been ripping into bitcoin: http://uk.businessinsider.com/charlie-munger-on-bitcoin-the-more-popular-it-got-the-more-i-hated-it-2018-2?r=US&IR=TThe 94-year-old vice chairman at Warren Buffett's Berkshire Hathaway referred to bitcoin as a "noxious poison" Wednesday during a shareholder meeting for the Daily Journal, a publishing firm for which Munger serves as chairman and director.
"I never considered for one second having anything to do with [bitcoin]," Munger said, according to a report by Yahoo Finance's Julia La Roche. "I detested it the minute it had been raised. The more popular it got, the more I hated it."
Munger thinks the government needs to step up its game when it comes to regulating the cryptocurrency.
"Our more relaxed approach is wrong," he said. "The right answer is to step on it hard. It's the government's job." Sounds like he's mighty upset at having missed the trade of teh century.
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Well, Chinese New Year has about 15 days duration so if you want to count last day of New Year, that would be 2nd of March Yes - the whole "China will cause a bull run" is just FUD from last year. When the chinese exchanges shut but bitcoin soared anyway, it proved that the Chinese were minor players in this space. Bitcoin's success really depends on whether the Americans adopt it.
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This is an observation. It seems people who want extra money/passive income engage with crypto not thru investing money but thru bounty and airdrop hunting. I think this is not healthy for crypto market in general. Very few capital flowing in, but massive cashouts.
What do you think?
If that was the case cryptocurrency's marketcap would be shrinking - but instead it's at an all time high - because of investors. Airdrops have zero value unless there is an investor somewhere prepared to buy the coins when they finally get to an exchange.
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Well, I'm not convinced Ripple is going to survive as a coin either. Most of the "adoption" by banks is of Ripple's non-coin products, and it's not clear that any of the banks will keep them on, after the trial period. Especially if other coins and blockchains gain marketshare. So it's insane that Ripple's price rises everytime they make these announcements (though to be fair to investors, Ripple tries to hide the fact that it's their non-coin products that are being purchased). Bloomberg did an interesting segment on how the banks were not interested in Ripple as a coin: https://www.youtube.com/watch?v=NhieGgf219Y
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Good news but the big one to be watching is in March, let's see what the outcome is and whether they agree, I think it would be a nice thing if they all just backed off for a couple of more years to see where it goes before trying to regulate everything.
What is happening in March?
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