"Jason Roy, who is also the chairman of Canada's Binary Options Task Force, suggested that Google should take a similar course to Facebook, and restrict ad content for binary options, ICOs and cryptocurrencies."
Why Canadian official wants Google to ban ads for crypto?
It's because lots of those ads have hidden Monero miners that are infecting people's machines. We don't need Google ads for crypto, especially when there is so much free information available, not least on this forum. |
|
|
|
It looks like Bitfinex, which owns and issues Tether, is fighting back. They have managed to get the twitter account of Bitfinexed, the guy who has been campaigning against tether, suspended. The Bitfinexed guy posted on [reddit]( https://np.reddit.com/r/Buttcoin/comments/7vv1gc/after_failing_to_spam_my_twitter_with_400000_fake/) This is Bitfinexed.
My Twitter account is currently suspended, earlier I had about 20 tweets that were considered 'private' despite the fact that it's all public information (and some stuff that even the NY times has along with bloomberg, yeah so private), so they've been using bots to mass report my tweets.
If anyone has some sort of direct contact with Twitter that'd be handy. Likely just temporary.
Some people just don't like their scams being exposed. It looks like Tether shills reported him. |
|
|
|
It bothers me that BTC affects all market especially when it isn't tied to the same blockchain. So what's the point buying other altcoins if I just want to simply store as digital asset value class.
Does this means that the crypto market is directly proportional to BTC welfare?
It's to do with trading bots - they are programmed to trade based on keywords in the press. If there is ETH only news and it has some good keywords, only ETH will rise. However if there is crypto news that affects the whole space, the whole space will fall. Lots of people sold off al cryptocs prior to the US Senate hearing on bitcoin, because they convinced themselves that if China has banned bitcoin and other cryptocurrencies, the Americans were sure to follow. Turns out the Americans think differently - and now we have a relief rally where all cryptos are up. |
|
|
|
Japan is on top of the list when it comes to Bitcoin friendly countries, they have accepted it and maximazing its potentials, there are even companies there which already pioneered the Bitcoin as their mode for salaries, payroll system. Also I may add Philippines where there are a lot of Bitcoin enthusiasts as well as they already have some establishments that accepts Bitcoin as mode of payment for products and services.
Yes - and their stance is pushing other countries to accept it too. Singapore has just confirmed that it won't be banning cryptocurrencies: https://kryptomoney.com/cryptocurrencies-will-not-be-banned-in-singapore/I'm pretty sure it's because they don't want Fintech to migrate to Japan instead. |
|
|
|
The Philippines' Security and Exchange Commission noted that it is currently developing a regulatory framework designed to govern cryptocurrency transactions. https://news.bitcoin.com/106900-2/How about in your country? It's especially good news for the Phillipines because they receive so much money through remittances. Western Union and others charge a fortune for remitting money. It would be easier for the Phillipines to allow it's citizens to open accounts on a phillipines exchange, and then their relatives can just send them coins to their exchange address which they can then sell on the exchange for local currency. |
|
|
|
Forget investing in land or gold... bitcoin is the real game.. that was OCT-2017. I started poring my small savings into crypto and for last 4 months I have invested $5000 on and off and did not get a chance to cash out a single penny. Just kept buying different crypto currencies and ICOs. But as of today if I calculate all my crypto empire its valued $2075. Where did I go wrong? I'm sure no body scammed me.. I did all my prior research before buying any crypto currency or investing into any ICO. But still I lost $2925. Is it only me or all of us (new comers) have similar story. Yeah we missed the honey-moon period of bitcoin but it would go this bad, I never thought of it  You went wrong because you were gambling on various cryptocurrencies and ICOs in the hope it would make you rich. Next time, do your research, and make a plan for your entry price and exit price. And only invest what you can afford to lose. |
|
|
|
Nearly every major exchange (Binance, Bittrex, Kraken) no longer allows new users to verify and begin trading, due to the high demand for new accounts. This high demand makes me believe that the market isn't crashing, but rather going down since it's very difficult for new investors to enter into crypto investment right now due to these exchanges. Do you think this is the reason for the current downswing? Or if not, what are your thoughts?
You make a good point. The exchanges and their ability to scale is a choke point. I don't think Bittrex, Bitfinex and others will ever recover (their problems go deeper than verification backlogs). But I do hope Bitstamp, Kraken, GDAX and the others manage to scale so they can cope with the next onrush of noobs. |
|
|
|
|
It's kind of simple. The countries that have capital controls, like China, India, most of south-east asia and places like Venezuela, have banned bitcoin, because it's a way of avoiding capital controls and therefore avoiding control by the state.
In the free countries that have no capital controls, there is no reason to ban bitcoin or cryptocurrency at all. And there are lots of reasons to embrace it, especially if it makes the financial sector more efficient.
|
|
|
|
https://www.bloomberg.com/news/articles/2018-02-06/bitcoin-miners-face-shakeout-as-only-strongest-survive-at-6-000Bitcoin miners face a reckoning as the cryptocurrency’s tumble wipes out profits for all but the industry’s most efficient operators, according to Bloomberg New Energy Finance.
Only miners with access to “very cheap” electricity of about 6 cents per kilowatt hour or less can stay profitable after Bitcoin slumped to $6,000 on Tuesday, said Sophie Lu, an analyst at Bloomberg New Energy Finance in Beijing. If Bitcoin stays this low for more than a couple of weeks, miners with high operating costs will leave the market, she said.
“There are definitely some miners who are already out of the money,” Lu said, adding that the industry’s most efficient players can keep going until $3,000. The need to keep prices above $6,000 is a huge incentive for miners not to dump newly minted coins on the market.
|
|
|
|
Another payment processor is accepting Litecoin: https://www.finextra.com/pressarticle/72507/aliant-offers-litecoin-payments-to-merchantsAliant Payment Systems, a U.S. based provider of merchant services and credit card processing, announced today that it is now offering its merchants the ability to accept Litecoin payments.
Aliant became one of the first payment processors to offer a Bitcoin solution to merchants in Q3 2017, with an Ethereum solution following in Q4 2017.
“Our merchants look to us for innovative ways to transfer money safely, securely, and cost-effectively. Cryptocurrency allows us to move money in all of these ways, while also offering consumers more payment options,” said Aliant CEO Eric Brown. “We expect Litecoin to emerge as a prominent everyday payment option. Pay with Litecoin at restaurants, bars, gas stations, coffee shops, and other places that you go regularly.” |
|
|
|
You know how everyone says Bitcoin is digital gold? Well some analysts have detected a correlation between bitcoin and gold flows: https://www.cnbc.com/2018/02/07/a-relationship-between-bitcoin-and-gold-exists-rbc-analyst-finds.htmlThe potential correlation between bitcoin and stocks may be extending to another area of the market.
RBC Capital Markets' Chris Louney has detected a fledgling relationship between bitcoin prices and gold flows.
The revelation came in a recent research note. He admits it was challenging at first to find ties since bitcoin is considered an emerging asset.
"It's very hard to really put your hands around a tangible correlation between bitcoin prices and gold prices for most of the history," the firm's commodities analyst said Tuesday on CNBC's "Futures Now." |
|
|
|
Hello guys i got really lucky and some of my altcoins received from airdrops have gained value.I want to sell it at its market price.Where can i sell it at its best price?
Also i am confused as to hold or sell the coins.The coins which i possess are at its initial stages so will its value increase with time or should i sell it now.Two of the coins are REBL and EQL.
Check your altcoin on Coinmarketcap: https://coinmarketcap.com/For every coin, they list the markets they are traded in - you can then make an account at one of the exchanges listed and sell. Be aware however that some airdrop coins arn't on any exchanges yet. |
|
|
|
Always Look on the Bright Side of Life - Bitcoin is now definitely not a bubble!
Seriously, let's wait for Congress' hearing and some other events..I believe the outcome will be better (or less bad) than we expect..
Well the US Congress hearings went better than expected. They even used the word HODL (which they decided meant Hold On For Dear Life!). The price is now above $8000, which means we are back in the upwards channel that started in early 2017. |
|
|
|
Can you guys actually see this happening though? I mean temporarily yes it probably can as things can quite close last year but I think if it happens it happens briefly and then things go back to normal. Just dont envision Ethereum being worth one fifth of Bitcoin when it is all said and done but I could be supremely wrong.
About two years ago when they first started to talk about the flippening, it seemed impossible. But as of today, Bitcoin's market cap is $128bn and Ethereum's is $75 bn. If you all in all the ICOs built on Ethereum's platform, it's already surpassed bitcoin. Then look at the number of transactions done in a 24 hour period: https://bitinfocharts.com/bitcoin had 238,476, but Ethereum had 887,933. So on that measure Ethereum has already surpassed bitcoin. All that is left is merchant adoption. Since bitcoin had that fee problem last december, merchants have been adding other alts. They usually Litecoin and Bitcoincash, but lots are adding Ethereum as well. The more this continues, the more of a network effect ethereum will have. |
|
|
|
Another update, this time for Australian banks: http://bitcoinist.com/australia-banks-wont-ban-buying-bitcoin/Australia’s biggest banks currently have no plans to bar their customers from buying and selling Bitcoin with credit and debit cards.
ANZ told ABC news that it “does not prohibit customers buying digital or cryptocurrencies, or accepting them as a form of payment.”
However, ANZ’s spokesperson did reveal that the bank monitors transactions for “unusual behaviour” to prevent potential fraud in accordance with its “regulatory responsibilities.” Moreover, the bank does not do business with companies “that operate as issuers, dealers or exchanges of digital or cryptocurrency.”
This is because ANZ considers such businesses to be “unregulated and therefore not within ANZ policy.”
Meanwhile, National Australia Bank suggested it could halt cryptocurrency transactions if security concerns arise, such as the still-too-common theft of funds stored on online exchanges. NAB’s spokesperson said:
ASIC advises that, as most of the virtual currency exchange platforms are generally not regulated, customers may not be protected or have any legal recourse if the platform fails or is hacked.
We take the protection of our customers’ information and accounts extremely seriously to reduce the risk for our customers, and to help protect their money, some card transactions may not be processed.
Meanwhile, a spokesperson from Westpac bank put it more simply, stating:
We currently have no restrictions on credit card use to purchase cryptocurrency. |
|
|
|
My fear has never been with price analysis or future stakes. It's always been about scalability and adoption. Cryptocurrencies have seen remarkable growth in the past 4 years and continue to show promise. But the one outstanding question is - how long before adoption port?
If you look at crypto as a whole, there is plenty of scalability in aggregate. For example, while bitcoin does about 250,000 transactions every 24 hours, ethereum does about a million. So scaling is happening, but using other chains. As long as people are able to move money and merchants are adopting a variety of cryptocurrencies, cryptocurrency is here to stay. The winner might not be bitcoin, it might be another coin. But this stuff is not going to disappear. |
|
|
|
Someone has done a reddit thread summarising the hearing: https://www.reddit.com/r/BitcoinMarkets/comments/7vp809/watched_the_us_senate_hearing_on_regulating/The gist of it is that they think existing rules are enough to deal with scammers (and that they have already shut down some scammers). They also think that the tech is promising and stomping on it might inhibit progress. They also think the crypto space is too small to pose a threat at the moment and want to take a wait and see approach and only act if it goes horribly wrong. |
|
|
|
Is it possible that the wallet is directly owned by bitterex?
Possibly. They could have been moving coins from their cold wallet to a hot wallet address to allow withdrawals. We know the destination wallet is definitely owned by Bittrex |
|
|
|
|
Show Posts
