2. The freedom of information - block chain offers the public the freedom of information regarding on how a department utilize the money being allocated to them. I think that this could materialise as an idea. The rest, I'm not so sure on. If fiscal spending can be tracked, then storing it on a public ledger could make sense in order to add transparency to transactions, especially in countries where this is a prominent issue. If you're strictly talking about the government (and not of the currency, or monetary policy), then integrating blockchain technology is probably going to be something of an internal infrastructure project that will add to the efficiency of their existing databases, and to add immutability to records, etc. It's not going to be anything decentralised or anything resembling a cryptocurrency - all the government would use blockchain for is as a database, essentially. |
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Conducting an IEO in the United States, or selling to “U.S. Persons”[6] by way of an IEO, is almost certainly a violation of the Securities Act of 1933. Punishable by a host of draconian penalties.[7] The fact that there are still a lot of uncertain regulation that surround these funding sources mean that most exchanges simply wouldn't risk offering this sort of service/product to countries like the US, as squatter stated. However, I wonder how exchanges plan on ensuring that US based customers have no way of accessing this? Mandatory KYC? Fundamentally speaking though, IEOs are really not that different from the traditional token crowdfunds that we've seen. Apart from the fact that the token is almost guaranteed to have instant liquidity on a big exchange. I certainly would not view it as 'safer', especially when you consider the fact that you may see more manipulation given that vapourware can be easily sold, essentially. |
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The proliferation of ICOs especially in the year 2017 resulted into some of them being accused of offering securities instead of just the usual tokens. There had been projects which were served cases by SEC and many of them prayed that SEC will instead formulate something that can be acceptable by both sides. Hence, SEC has the 'no relief' action to give chance to those accused of dealing with securities but later on proved that they are actually not based on the things they achieved so far with their corresponding projects or platforms. I am sure that many projects got some sigh of relief with this development. With securities now clearly defined as opposed to just offering tokens, let's see if there will be new projects originating or based in USA this time. The fact that they seem interested in promoting growth in this industry by not driving out all of the businesses into extinction is a good sign. I'm not sure about how useful/effective this no action relief really is, though. Many projects that are not based in the US will not have access to it most probably, and you'd have to most likely go through complex procedures in order to even get a chance of getting one. After all, the SEC's jurisdiction is only the US, and in the rest of the world, there is still ambiguity in terms of the definition of tokens, whether they count as securities, etc. |
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I doubt as a margin lender you can do anything but to accept the outcome - given the fact that their terms of service would have had these things written down beforehand.
However, I don't really understand why they didn't take the appropriate actions that they talked about in their medium post BEFORE the flash crashes actually happened that led to these losses, as opposed to after. It just goes to show that margin lending isn't as risk free as everybody thinks.
They should have recognised these liquidity issues within certain markets way beforehand and they were pretty much the only exchange offering margin trading for these pairs at that point anyways.
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I'm interested in exchanges that let you sell your BTC to Skrill or PayPal without the need of going through KYC verification.
The only exchange that I found to be reliable so far is Paybis.com but according to their TOS, it's possible that they'll ask you for documents at a certain point.
Take a look on bestchange.com - they have a fairly comprehensive list. If your expectation is that there is no chance they'll ask you for verification, though, realistically I doubt that you'll find any service that does so. Pretty much all exchangers that I've came across, including p2p platforms, have clauses in their ToS that allow them to ask for verification if they have reason to suspect fraud or whatnot. You will find a ton of buyers for your BTC on LBC/paxful as well without any verification, though, the reliability of funds can be questionable. I've also dealt with sardasa on the forum previously with selling BTC for their skrill multiple times, without any issues. |
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"One of our clients approached us and said they were interested in acquiring 25% of all bitcoin currently available," Dadiani said. "There are a number of entities who want to dominate the market." These are all claims. Nothing solid. I wouldn't recommend basing off your fundamental analysis through rumours like this. Anyways, if he were to purchase that much of bitcoin's supply, he'd run into a lot of issues. He probably won't be able to obtain funds from the OTC market in that magnitude. And if he buys it through the open market, he'd rally up the price so much that his cost per unit will be significant compared to before he started buying them up. The BTC market is simply not this manipulable anymore, given its higher market cap, wider distribution, and a more mature market. |
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No one knows exactly what will happen - but the situation right now isn't really looking too bright for bitcoin businesses.
Services like Zebpay has pretty much already expanded to global markets as opposed to focusing on the Indian market, because of the fact that the RBI has been so unsupportive in their policies and restrictions.
Even though bitcoin is technically not outlawed still, the central bank of India is essentially making it clear that they aren't willing to regulate (since talks of regulation keeps getting postponed AFAIK), and that they'd rather drive out bitcoin businesses bit by bit through their draconian restrictions.
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hope this is the right forum for this , if not, my apologies.
im rather new to bitcoin casino
played around with fortunejack and cloudbet
i read that those casinos need to have a license and often audited, making sure the RNG system works like it should
but honestly, anyone can really verify this information ?
so im asking, from your experience , any of you managed to win in the long run with either those 2 ? or can recommend another ?
and a question about live dealer, it seems that on every site i try to get a seat at a table, its nearly impossible, the low minimum bet are ALWAYS full, so i end up playing first person blackjack, which makes me a bit anxious since after all im playing against a machine, which who knows if rigged or not ?
If you want that peace of mind that your bets are not rigged, then you need to go to a provably fair casino as opposed to live dealers on sites like Cloudbet, which even though may appear to be fair, you have really no way of knowing for sure that they are acting in good faith. Both of these sites are somewhat tainted in their reputation, though, as malevolent stated. Cloudbet has had many withdrawal issues in the past, and when I played there, once I had a withdrawal held up for hours on end until they finally released the funds. There are a ton of scam accusations made against them as well. I'd honestly go with more reputed, even if they are unlicensed dice sites that are provably fair. |
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I have with difficulty registered an account, using an email and password thrice with localbitcoins.com but cannot re-access. I get 503 forbidden. I am able to access localbitcoins.com using tor browser, but the captcha goes in an endless loop.
Clearly localbitcoins may not be illegal but they are making it hard are they not?
Does anyone have info on this website,
I had been unsuccessfully been trying to get hold of $20 on Paxful and chose the option with no passport required. My bank which is a standard English bank and declines every single transaction that goes to buy an amazon gift card etc and they say they dislike bitcoin even though its not illegal and cancel anything they suspect is related
I live in Dublin and wonder if anyone can help me get hold of $20-$50 worth of BTC?
Thanks,
Horse
The captcha issue has absolutely nothing to do with Localbitcoins not allowing you to register. That's just google's recaptcha service for you. As far as I know, even though the regulations are tightening, they are not at the point where you are not allowed to sell/buy BTC without any KYC. I even conducted a trade yesterday on LBC without any issues, without being verified. However, at a certain point when you hit an unknown threshold of trading volume, LBC will force you to verify and suspend your trading activities until you verify. So just keep that in mind. |
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The veteran stockbroker said bitcoin has not accurately recovered from 2018’s bearish sentiment, wherein its rate dropped from $20,000 to $3,200 in just 11 months. Adding that every bear market has fake rallies that attempt to "sucker in" the bulls, Schiff noted that the ongoing bitcoin price boom is one of the same things. Excerpts:
"A lot of people got suckered into this pump-and-dump scheme because they heard all the stories about young kids taking their Bar Mitzvah money into bitcoin and bought a Lambo. Pretty soon, it is going to be stories about people who lost their life savings because they put real money instead of play money into bitcoin." Except he is the one that's been trying to convince people into becoming gold permabulls just like him. Peter Schiff is essentially the embodiment of all of the things that gold bugs do, they distrust any investment other than gold and discount them immediately even though they have merits, and blindly invest in gold regardless of the current economic conditions/taking into account what the gold market is doing. The current bull rally that bitcoin is having is simply a recovery from the bear market, and I don't see anything that would indicate that BTC prices will somehow collapse. Even if it does, it will just be a short term correction. He should probably read up on what BTC actually does, and how it essentially provides the same store of value that gold does, except much more conveniently. |
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The FinCen guide lines are a trick and trojan horse. They are trying to push a cashless system onto a p2p cash system. They are so draconian multiple atendees to the convention told them the technology does not even exist.
You have to understand first of all how bad the laws in America are for American traders and crypto economy. They have made it nearly impossible for an American to be profitble. They knee capped our exchanges, our businesses, took away access to ICO's, got us banned from bitmex and deribit, and all leverage exchanges. It is not in an American's interest to trade as a resident of the united states or invest as a resident of the united states. I'm actually working on getting a Portugeuse visa and a international business company as a legal foreign entity to circumvent all of this.
They are trying to institute what will allow them to circumvent Crypto's immutability and protection from censorship. America is a tyrant in the finance world that keeps the global south and global poor barred out and bullied out of the payment system,. That is why bitcoin exists, that is why even the EU want's to replace swift. That is why FinCen repeatedly get's America listed on the same list as North Korea and Iran. Try to open a brokerage account overseas or a bank account as an American without a million dollars. You can't.
They are going to break this industry if you all do not start lobbying your congress men and demanding that they be brought to heel.
Does anyone know how much of what G20 decides actually has an impact on the regulations of the countries in the G20? At the end of the day, doesn't it still depend on the countries themselves to draft up legislation and regulation in order to put things into action? And that's certainly appearing to be a process that won't be completely overnight, or any time soon, even if these G20 regulations are approved by most countries. Ultimately though, regulation will come regardless of what the community does. And whether or not the regulation is positive, or draconian, we honestly have very little influence over. Though, I think that the enforceability of any draconian regulation directly impeding on the uncensored and decentralised nature of the bitcoin network will be extremely difficult to enforce given the nature of the network, and they'll most likely be targeting third party businesses that utilise bitcoin as a means of payment instead. |
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My prediction is Bitcoin will be quiet steady for today. I expect the price might fall down a bit, do not expect any drastic movement in price to go up, because there is quite an elastic supply for 2.5k bitcoins.   With bitcoin trading, especially when you consider the fact that a lot of the speculative activity is completely arbitrary and random, and there are many external factors influencing price, I doubt that a single supply/demand graph says much at all. Also, I don't think that basing it off one single exchange's order books means that this data will be accurate - each exchange has their differing amount of liquidity at a given point in time, and does not reflect the big picture. By the way, is there any tangible reason as to why you included a demand curve shifted to the right 500 units, or is that just an arbitrary number that you came up with to illustrate a potential increase in demand? |
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When your economy is not doing well, the inflation is beyond control and the people are demanding for changes...what will you do? Of course, you will print billions and billions of paper money so you have the budget for anything you want and to solve many monetary problems your country is facing today and into the future. Now to make things spiced up and politically correct, you are going to call the printing of more money as "quantitative easing" a term pregnant with many possibilities, opportunities and threats depending on which of the equation you are located. In an interesting article, the author likened this quantitative easing to an additive drug even more potent than the usual marijuana or cocaine you can buy on the street. And now, politicians and bureaucrat are getting addictive into it as their easy fix to solve myriad of problems. Further Read: https://news.bitcoin.com/after-trillions-printed-under-qe-politicians-now-say-deficits-dont-matter/We all know that eventually, printing of more money can result into disaster in the long-run. This is not like a chili pepper hot sauce that can immediately be felt but definitely this is like pawning the very future of the people. Printing money per se isn't necessarily a bad thing, just like how lowering interest rates in itself may not be a bad thing but rather, intended to stimulate the economy. However, if a nation's printing currency completely out of control, has no real economic backbone to rely on in terms of exports other than oil (whose value is extremely volatile), and the country's political regime is quite dysfunctional, then you've got a huge problem led by hyperinflation. And that's why Venezuela is in such deep trouble at the moment. In order for an individual to protect themselves against these types of abusive policies, traditionally one would look at precious metals as a long term store of value independent of any fiat - but now increasingly, I think people are turning to BTC for the convenience, and this trend will only continue. |
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I don't think that it's necessarily a groundbreaking move, or anything like that.
Exchanges have their own motives and objectives to achieve by launching stablecoins, just like JPMorgan and other financial institutions. Even if Tether goes down, there is no one saying that one stablecoin will act as the clear alternative. There are simply that many in the market right now.
I don't think another one of the same product essentially is going to change much at all. Besides, stablecoins are intrinsically risky given its centralised nature and the fact that you need to trust a third party to hold your funds @ full reserve.
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As of today as per CMC bitcoin is at $8,273.20 a slight dip from the $8,000+ level it already breached. This can be the mini-correction that some analysts predicted before bitcoin will finally go beyond the $9,000 level. It is time that we cheer bitcoin to hang on in the vicinity of $8,000+.
Are you buying more bitcoin at this stage?
Throughout the past week BTC prices have been pretty stagnant. A lot of people are surprised by this but I don't think that this is anything out of the ordinary per se. The fact is that whenever you see short term rallies like this, it will be followed by a period of adjustments as the market cools down from all the fomo, as well as due to the innate cycles that exist with any asset that's trading on the open market. I don't think that this time round, the correction will be that large at all, due to the fact that people realise that a bull market is already underway and that the market sentiment has reversed completely from the bottom of the bear market. I think that $8k will be effective as a support, given the fact that the correction 1-2 days ago saw an immediate rebound from the $8.5k level. As to whether or not I'm still accumulating, I'm still doing so, just at a lower pace due to the fact that the majority of my fiat has been converted already to BTC at the $4-7k levels. I'd still recommend averaging out buy orders nonetheless, though, if you're interested in investing for the long run. |
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It's obvious what this guy is up to. Nobody that actually has the technical capability to build a bot that will generate absurd returns like the ones promised to you will be willing to offer it to public investors, because that would just saturate the exact thing that is making themselves profit. He's been deceiving you pretty much throughout the few months you've "invested" with him. At this point, I'd see if he can be lured into sending at least part of the scammed funds back to you because clearly all of the delivery/taxes/charges etc. are all just setups. If you return to him he'll just ask for more money. Your prospects of legal recourse aren't looking that good either  |
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In india, crypto assets like Bitcoin, Ethereum and XRP,etc are not legal tender according to the govt. of India .In 2018 RBI (Reserve Bank of India) ordered to the all indian banks to disconnect there banking services to those websites which deals with crypto assets and crypto transactions. And this order is going on.Due to this reason Many big Exchange shutdown in India. Zebpay is one of them.But the crypto community of Indian people is very large in India. That's why crypto community members files a lawsuit in Supreme Court in India.Supreme Court Made a committee for study about that.And the committee is working Hardly to get the crypto regulated in India.On 31 may,2019 the Finance minister of India is changed from Arun jetly to Nirmala Seetharaman. Hope She will Help Indian crypto Community members in regulation of Crypto assets in India.
Whether or not crypto is legal tender in a country has absolutely nothing to do with the fact that the RBI has placed restrictions on banks that process bitcoin related payments. Legal tender simply means that if there is an outstanding debt, you can't be held responsible if you pay with that currency. There is nothing to restrict two parties from essentially "bartering" with bitcoin, even though it might not be legal tender. The situation in India is a weird one in my opinion, because there were a lot of services that were popping up and a lot of adoption that was happening before the Indian government axed the whole regulated sector. I personally would have thought that if they choose to regulate, then the revenue they bring in would have certainly been worth any hassle to draft up that regulation. |
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I was on LocalBitcoins this afternoon and noticed Cash-in-Person trades appear to be removed. I am not able to find anything about this on their FAQ nor their Twitter, or their blog.
Does anyone know when this was effective, or their rational behind this?
I cannot image any legal rationale behind removing these ads, at least in the US, as they are only posting content by their own users.
Just a few weeks ago they also removed gift card transactions, so it's probably a series of moves due to regulatory pressure to try and stay in business while offering semi-anonymous accounts to users. I can confirm that this is most likely a global thing, and not just limited to the US, since I can't see any cash in person ads in AU either. I've already seen a lot of the traders I dealt with in the past move their operations (especially those who deal with GCs constantly) to paxful and other platforms. Though, I think that LBC still offers the most liquidity and options at this stage. |
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I think everyday trust toward to the money is rapidly depleted, and people will finally realised how ignorant and gullible they’re to just earn the IOU garbage fake money, do you think crypto will trigger the complete bank run? Or any other delusional store of value that we don’t know yet?
Nope. I simply do not think that bitcoin is in direct competition with banks per se, nor is it going to replace a lot of the functions that the banking system offers. Especially when you consider the fact that bitcoin exchange with fiat mostly does not involve cash at all, but rather in essence just exchanging electronic balances at banks - it is extremely unlikely that a spark in demand will all of a sudden lead to a cash crunch in a nation. Unless of course, you're talking about an economy that is already experiencing hyperinflation or an economic crisis, like Zimbabwe or Venezuela. In that case, the government of these respective nations will most likely try to avoid capital flight through banning the use of BTC, but even then it is not enforceable, and not the cause of their economic issues. |
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I personally agree with pretty much all the points made, except the fact that a stablecoin like Tether has that much of an impact on what the overall market sentiment is. The main reasons are most likely a combination of the cycles that exist within BTC markets, and the prospect of institutional investors that people expect will now enter the market within this current bull market. It should have been clear enough that this was going to come given the fact that the fundamentals of bitcoin has only improved since the 2017 ATH, which means that the only reason that prices are kept down is because of the irrationality of the sentiment within the market. Psychological factors play a huge role. |
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