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301  Bitcoin / Bitcoin Discussion / Re: Cyber attacks are good for Bitcoin on: November 04, 2018, 10:10:41 AM
It won't wake up the people but the companies will realize the benefits their company can have (security, efficiency, costs,...) Not to say some companies will have no choice to use the technology to adapt its activity around the tendencies. In the future, people will use the blockchain tech/crypto tokens without knowing it
Indeed, if you are using bitcoin or any other cryptocurrency you are absolutely safe from such cyber attacks because you won't give away your private keys to any government database. the only risk is on your side if you mistakenly saved your private key on your computer's hard drive and got hacked yourself.   
302  Economy / Economics / Re: You Can Now Keep Your Bitcoins In A Bank on: October 31, 2018, 12:23:03 PM
Bank + Bitcoin = Centralization Shocked
Who needs a bank to hold his/her bitcoin, anyway?
Once you give a bank your bitcoin you no longer have control over it.
This is a fools idea, I don't like it and I don't support it. The bitcoin was meant to be free from banks.
With bitcoin, you should be your own bank. You don't need a bank anymore, to hold your bitcoins for what, security?
Once you handle your bitcoins to a bank you no longer have privacy and control over your asset, and why would you even do that, huh?    
303  Bitcoin / Bitcoin Discussion / Re: Bitcoin is permitted by Law, Chinese Arbitration Court Says on: October 30, 2018, 04:32:47 PM
China is trying to dominate in cryptocurrency. It is also trying to dominate in artificial intelligence. Other countries should already monitor China if they are not yet doing it because knowing China, there is something more happening behind all these. They have been allegedly manipulating their own economy. They are also known to spread propaganda to their own citizens. With crypto and AI, they can do those things more easily.
Every large country can see the writing on the wall, crypto is going to be big business like a second silicon valley. Each country wants the jobs but wants to walk a fine line where they actually get taxes from it and it isn't rampant with ico scams.
Crypto is going to be bigger than the silicon valley because it's a global revolution while the silicon valley was only witnessed in the United States. Well, that is not the main point as we're discussing the latest China's action on bitcoin. it appears China started following the trend and the most advanced technology of our time "bitcoin" the digital currency with the power to change the world. Also, the bitcoin was originally invented as a digital store of value and a payment system as well, in regards to what China is legalizing now.
304  Bitcoin / Bitcoin Discussion / Re: Bitcoin will survive enemies it has created ?? on: October 30, 2018, 04:15:33 PM
Bitcoin is trying to eliminate US Dollar, Euro (world currencies), banks, gold, silver, anti-government, debit cards and credit cards, anti-tax
How will Bitcoin survive the many enemies it has created by declaring itself a revolution in payment system and decentralization??
The bitcoin definitely has some great enemies as you've mentioned here, but I think all the bitcoin enemies are trying to make profits from the people. And now, people are making profits from bitcoin. You see, solving this equation is simple because all bitcoin enemies that are trying to milk people are either the government or large corporation.   

Thus, the government and corporations always want to milk people by centralizing things while the bitcoin and other cryptos are trying to decentralized things to make people free from the greed of the governments and corporations.

People are the only thing that will the decide the future of bitcoin and other cryptos too, and all I can see is the massive adoption coming, very soon Grin 
305  Bitcoin / Bitcoin Discussion / Re: Crypto ICO's are killing Bitcoin. on: October 30, 2018, 03:58:42 PM
Well, they can't "kill" bitcoin at all. There is no need to compare shitty scamcoins with Bitcoin.
Nowadays the altcoin market is filled with a bunch of newbies, scammers, and gamblers.
It's more like the ICO's are killing Ethereum nowadays. People normally buy Ethereum when investing in ICO and once the ICO is over they cash out their money with small profits or even end up losing a large chunk of their initial investment. Once people invested in 1-2 ICOs and lose their money they stay away from both Ethereum and ICOs if not all the cryptocurrencies. They would finally realized the bitcoin is the only real and true crypto to invest in, that is less risky than the rest.  
306  Bitcoin / Bitcoin Discussion / Re: Is crypto capable of making the world go digital? on: October 30, 2018, 03:42:21 PM
This is very possible. The Blockchain technology is a revolutionary one with a lot of significance. As the people become more familiar with it, the adoption and utilization of the Blockchain and cryptocurrency will increase which will gradually lead the world to cashless.
Indeed, I think the cryptocurrency is changing the financial system as we know it for good from traditional paper money also known as "fiat currency" to the modern age currency which is a purely digital currency - the real cashless economy. I think there would be a massive adoption of cryptocurrency in years to come because the cryptocurrency is providing the new medium for people to use money in the whole another level, with more privacy, security, reliability, and speed.
307  Bitcoin / Bitcoin Discussion / Re: Why would people want to adopt Bitcoin as a payment option? on: October 30, 2018, 03:28:16 PM
4 of the biggest reasons in my opinion are:
- decentralization
which means there is no need for third parties and their fees. also there wounld't be any kind of restrictions in your usage.
- privacy
you don't have to provide your identity to the vendor just to buy a small item!
- global
obvious
- no charge back
this is great for merchant protection against all the frauds that take place with traditional payment systems.

Ok, this is the first response that adds a lot of value to the discussion. Decentralization is only beneficial, if people know the advantages of using a decentralized network. <We should educate people, so that they can see the advantages>

Privacy only becomes an issue, when it is taken away from you and if you are aware of that.

The "No Charge Back" feature is a huge bonus for merchants, but it is also a huge bonus for scammers. <If you transfer bitcoins to a scammer, you have no way to get it back.>  Roll Eyes

The bitcoin is both payment option and an investment as well. Sometimes people often make profits off their bitcoin investments. Also, people want to use bitcoin as a payment option because it is fast, secure, decentralized, and acceptable worldwide. Using bitcoin you are in control of your money/assets, unlike all the financial institutions that you've mentioned above. People want to taste and feel the power of freedom which can only be given to them by the bitcoin. Finally, the bitcoin is a fully digital currency where two parties can exchange values privately and cashlessly without the intervention of the third party.  
308  Bitcoin / Press / [2018-10-30] The New Effort to Get Bitcoin's Lightning Network In Every Browser on: October 30, 2018, 11:30:29 AM



Touted as a way to make the world's most valuable cryptocurrency a more effective payment method, bitcoin's lightning network has a rather large obstacle ahead – it's still challenging, even risky, to set up and use.

It could become easier, though, should developers at the World Wide Web Consortium (W3C), the prestigious international group that creates standards for the web, have anything to do with it.

The work, which has been ongoing for several years (since standards take a long time to release), looks to make online payments easier, while giving users more choice by making a variety of payment methods available in web browsers using an API – and that includes the lightning network.

We're talking browsers such as Google Chrome, Firefox and Microsoft Edge – big names everyone knows.

Sure, the W3C doesn't have a horse in the race as it relates to which payment methods – from credit cards to Apple Pay to cryptocurrencies – are adopted most widely, but giving developers the option of adding lightning is a step towards making bitcoin's layer-two more accessible.

Interest in cryptocurrency at the W3C's Web Payments Working Group (where the browser API work is taking place) has been high for some time. But the W3C had trouble at first getting bitcoin developers and other cryptocurrency enthusiasts involved in the work.

However, with the help of only a few developers, cryptocurrency is looking compatible with the API. And, further than that, lightning is already compatible with the specification.

"All in all, we should be able to get bitcoin and lightning working with the [specification] without any major roadblocks," prominent lightning developer Christian Decker told other developers in an email in August. In fact, Decker, an engineer at Blockstream, specifically joined the Web Payments Working Group to make sure bitcoin and lightning would not be missed.

Such a step would put lightning on a similar footing as more established online payment methods, Decker told CoinDesk, adding:

    "This is exciting because switching between traditional payments and bitcoins and lightning payments could basically be a single click and make it easier for merchants to accept bitcoin alongside these traditional methods."

Plus, there are other advantages to getting lightning into the specification.

Whenever a user enters their payment information, whether that's their credit card number and expiration date or their lightning information, the API saves that information to the browser for easy payment the next time.


A passive strategy

Still, there is work to be done to make this happen.

For one, Decker said that a so-called "payment method ID" must be assigned to bitcoin and lightning before it can be a functioning part of the API.

"Currently only the basic-card identifier has been assigned, but we can apply for one eventually," he said.

Decker seems in no rush. According to him, lightning developers are taking a passive approach, watching developments within the Web Payments Working Group "very closely" to ensure that lightning remains compatible.

"By being part of the working group we are in a position to raise objections should an incompatibility emerge and we [can] propose alternatives or improvements that better reflect the constraints that come from bitcoin and lightning being very unique payment systems," Decker told CoinDesk.

It's important to emphasize, though, that members don't have to do anything as a part of the working group – it's all rather voluntary.

And not everyone in the working group will necessarily have "crypto" top of mind. For instance, a bunch of companies contribute loosely to the W3C payment specifications, including the likes of Airbnb, Apple, Google, Facebook and Visa, companies that might be looking to push adoption of other, more obviously beneficial for their businesses, payment methods.

Decker is the sole lightning representative in the group of 172 participants.

As such, even though lightning is compatible, it's still up to the browsers and merchants to actually add lightning support.

Still, Ian Jacobs, the W3C payments activity head, argued these types of payments will be an option, telling CoinDesk:

    "The architecture is designed to enable new payment methods to be used on the web. That should include blockchain-based payment methods."



Ready for the code?


Turning the W3C standards into code is another key step for pushing lightning into the browser.

Some browsers, including Chrome, Microsoft Edge (formerly Internet Explorer), Samsung browser and Safari have already put the API into practice, while Firefox uses it in "beta," meaning it's not quite stable yet.

But so far, none have adopted the cryptocurrency or lightning part of the specifications.

That's likely partly because the specifications are still in progress. Not to mention, a developer needs to build the actual code implementation for the lightning payments, Decker said.

"I'm not aware of any real implementation, but that would be a very welcome development, and I'd be more than happy to support it," he told CoinDesk.

One concern, though, is that lightning is so new and experimental, users have been known to lose money when sending a payment across the network. In other words, lightning still has a ways to go to even be safe to use – let alone easy. Bitcoin developer Sjors Provoost, who's been thinking about how lightning in a browser might look, raised this concern in a comment on the project's GitHub.

"Bitcoin and lightning wallets are much more involved than just storing a credit card number in a browser," Provoost contended.

Yet Decker argued:

    "I'd say that using bitcoin or lightning payments are probably safer than credit cards."


Source: https://www.coindesk.com/the-new-effort-to-get-bitcoins-lightning-network-in-every-browser/
309  Bitcoin / Press / [2018-10-29] Minor Crypto Exchange Pulls Off Exit Scam, Steals All User Funds on: October 29, 2018, 10:22:47 PM


A small Canada-based crypto exchange called MapleChange has pulled off an exit scam, disappearing with user funds.

The exchange has deleted its website, Twitter account, and other social media handles along with the identity of its executives and chief executive officer.

The disappearance of MapleChange with user funds has led experts in the sector to encourage crypto investors to prevent the utilization of minor exchanges with no reputation and cold wallets that accurately represent their holdings.


Suffered a “Hack” But Can’t Refund Users, CEO Hunted Down

On Oct. 29, MapleChange claimed that it suffered a security breach that led to the loss of user funds. However, the exchange did not mention the involvement of law enforcement or any technical intricacy of the supposed hack.

Suspicious about the incident, users started to demand more information and almost immediately after the “hack,” the exchange decided to shut every channel of communication down.

The MapleChange team said:

    “Due to a bug, some people have managed to withdraw all the funds from our exchange. We are in the process of a thorough investigation for this. We are extremely sorry that it has to come to end like this. Until the investigation is over, we cannot refund anything.”

Absurdly, the exchange said that due to the hack, the exchange is not able to pay any user back and closed down all of its social media accounts.

    “We have sustained a hack, and we are investigating the issue. Because we have no more funds to pay anyone back, the exchange has to close down unfortunately. This includes all of our social media.”

As seen in previous security breaches of major exchanges like Bithumb in South Korea and Coincheck in Japan, in an event of a hack, exchanges cooperate with local financial authorities and government-backed intelligence agencies to investigate the hack and potentially recover the funds lost in the hack.

    A small crypto exchange pulled off an exit scam, taking all customer funds.

    There is no incentive for using small exchanges. Use established exchanges that are regulated, & transparent.

    Small exchanges also focus on maximizing profitability, not security or investor protection pic.twitter.com/iKEO8rDv5z

    — Joseph Young (@iamjosephyoung) October 28, 2018

MapleChange showed no intent of recovering user funds or compensating its customers, instead of shutting down the platform and social media accounts related to the business.

Investors affected by the fraudulent operation formed a group called “Maplechang’ed,” to disclose the identities of executive behind the exchange and locate the team responsible for the exit scam.

Within hours after the incident, the group of investors found the identity of the CEO of MapleChange to be Glad Poenaru, a service technician at American Piledriving Equipment, whose location matched that of MapleChange.

    His name is Glad Poenaru. Glad Poenaru's location matches with https://t.co/hecIHyNUHW's location.
    Thanks to some members from the $LMO telegram. $CCX #Maplechange #scam pic.twitter.com/XstZhC0pFd

    — maplechang'ed (@Maplechanged) October 28, 2018

At this time, it remains unclear if Poenaru is wholly responsible for the operation but if he is, Maplechang’ed firmly stated that the group will initiate legal action against the individual.


Binance CEO Calls For Transparency, Cold Wallet Holdings of Exchanges

Changpeng Zhao, the CEO of Binance, the world’s largest crypto exchange which recently expanded to Singapore to operate its second fiat-to-crypto trading platform, called for the ranking of exchanges by amount held in cold wallets, as it is not possible for exchanges to fake holdings in cold wallets.

    Wow, some one should rank exchanges by wallet storage. https://t.co/TffMHOnS1J

    — CZ Binance (@cz_binance) October 28, 2018

Small crypto exchanges often focus on maximizing profitability over security and investor protection. Several exchanges in South Korea were hacked because the trading platforms allocated all of their resources in listing new tokens and building features without establishing necessary infrastructure and security measures to protect user funds.

For security and protection, it is of utmost importance for crypto investors to rely on established, reputable, transparent, and regulated cryptocurrency exchanges that have the capability of protecting user funds and compensate investors in an unfortunate event of a security breach.


Source: https://cryptoslate.com/minor-crypto-exchange-pulls-off-exit-scam-steals-all-user-funds/
310  Bitcoin / Press / [2018-10-29] Bitcoin Exchange Bitstamp Confirms Sale to Gaming Group NXC on: October 29, 2018, 04:45:30 PM



Cryptocurrency exchange Bitstamp has been acquired by NXMH, an investment firm based in Belgium and owned by South Korean conglomerate NXC.

In a deal signed last Thursday, the firm took a majority ownership stake in the exchange. Bitstamp CEO Nejc Kodrič will retain a minority ownership stake and continue running the startup's operations. The terms of the deal, including the sale price, were not disclosed.

Bitstamp backer Pantera Capital will also retain a 6 percent ownership stake in the exchange, according to statements, and Bitstamp will continue to operate independently.

NXMH's parent company, NXC, also owns the South Korean cryptocurrency exchange Korbit. NXC owns Nexon, a maker of popular games for both desktop and mobile platforms. Public filings released earlier this year had linked NXC and Bitstamp.

Bitstamp's customers will not see any immediate change in services, Kodrič told CoinDesk. The exchange has an existing roadmap for improvement, which it intends to stick to for the time being. During negotiations with NXMH, the investment firm essentially agreed with Bitstamp's goals, he said.

"We realized very early on that our outlook for the crypto industry is very much aligned with them," he explained. "They've given us a lot of confidence that our execution will proceed … They understand the industry."

NXMH and Bitstamp will continue to work to "bridge the gap between traditional finance and crypto," a goal that Bitstamp has been working toward for several years already, Kodrič said.

He added:

    "Unlike some of our competitors who take more of a lax approach, we want to [set standards] … We've already taken the regulatory framework seriously starting back in 2014, we started doing [know-your-customer] before it was an industry standard. All of it comes down to us viewing crypto as being a spark of everyday life."

In a statement, NXMH investment manager Hendrik Ghys said, "Bitstamp is one of the oldest and most-respected cryptocurrency exchanges and we see positive growth potential as the industry continues to evolve ... We acquired Bitstamp because we see it as a strategic, long-term investment."


Source: https://www.coindesk.com/bitcoin-exchange-bitstamp-confirms-sale-to-gaming-group-nxc/
311  Bitcoin / Press / [2018-10-29] Coinbase Downsizes More Than a Dozen People: Report on: October 29, 2018, 02:52:28 PM



According to Yahoo! Finance, Coinbase has eliminated more than 15 people from its customer support, compliance, and fraud departments.

All three of these departments would seem to be of the utmost importance to the company, often simultaneously lauded and maligned for its commitment to regulatory compliance. Daniel Roberts, an author of the Yahoo! report, acquired confirmation that there had been firings but could not get an exact count from Coinbase. The number comes from an anonymous source, so could be more or less, but one thing is for certain: Coinbase definitely downsized more than a handful of people.


Move Comes At A Time of Expansion
Coinbase made no mention of the downsizing on its blog, and according to Roberts’ source, higher-ups at the firm are “handling communications poorly.” From our perspective, this news is somewhat odd, given that the company has recently appeared in good health and just this past week expanded its offerings for its institutional clients. Of course, financial health is not the only reason for positions to be eliminated.

The report notes that most of the employees were remote workers. As it turns out, Coinbase would prefer to bring customer service and the other departments, as a whole, closer to home. Coinbase told Yahoo!:

    We’ve learned that certain teams who are co-located are more efficient, effective, and happier in their roles. So moving forward, some teams—including Support, Fraud, and Compliance—will only hire employees into Coinbase offices.

Trading Down When The Market Is Down
Cryptocurrencies have been on a downward slope for most of 2018, from the highs at the end of 2017 and the beginning of the year. Smart cryptocurrency people tend to “hodl” when prices are low, and so trading volume at Coinbase and across the market has seen a concurrent decline with perceived value of cryptos.

According to the report, Coinbase layoffs have been expected by people at the company for some time now. It therefore makes good sense that remote employees in departments the company would prefer to have tighter control over would be the first to go.

Some experts predict an upswing in the value of Bitcoin impending. If this comes to pass, most other cryptocurrencies will inherently trade at higher prices, even if their Bitcoin value is steady or only slightly inclined.


Source: https://www.ccn.com/coinbase-downsizes-more-than-a-dozen-people-report/
312  Alternate cryptocurrencies / Altcoin Discussion / [2018-10-20] Floyd Mayweather and DJ Khaled Sued for Involvement in Centra ICO on: October 20, 2018, 11:51:45 PM
Floyd Mayweather and DJ Khaled Sued for Involvement in Centra ICO Scam



According to TMZ, world-renowned boxing champion Floyd Mayweather and famed record producer DJ Khaled are dealing with the fallout of a class action lawsuit due to their involvement with Centra Tech’s CTR token, a crypto asset the suit claims is a scam that cost investors millions of dollars.

Their Role

Mayweather and Khaled both promoted the coin and other forms of cryptocurrency, via social media. Since last year, the celebrities enthusiastically posted about the Centra ICO on Twitter. One with the caption “You can call me Floyd ‘crypto’ Mayweather from now on”, and in another, Khaled referred to the Centra card and wallet app.

TMZ did not specify their source, but if they are referring to the first class-action suit, filed in December 2017, it culminated in the Securities and Exchange Commission (SEC) charging Centra’s founders with “orchestrating a fraudulent initial coin offering (ICO).”

The SEC’s separate lawsuit specifies that $32 million was stolen from backers of Centra’s fraudulent tokensale in 2017, and hinges on the accusation that CTR tokens were bought and sold as unregistered securities. The two founders were arrested in April 2018.

Centra claimed during the ICO, its customers could use their “Centra card” product to spend crypto using their conventional Visa or Mastercard debit cards, according to court documents. CTR was an ERC-20 token built on the Ethereum blockchain. No actual business relationship between Centra and the card companies appears to have existed, and investors contacted the company founders to request a refund based on that misrepresentation.

Centra Founders Lied About Paying for Celebrity Endorsements
Mayweather and Khaled are being drawn into the suit for their roles as celebrity endorsers of Centra’s product. Centra’s founders Robert Farkas, Raymond Trapani, and Sohrab “Sam” Sharma, lied about paying both celebrities to endorse and promote their product, according to court documents made public by the SEC, which read:

“When he was contacted by a Fortune magazine reporter about the celebrity promotions of Centra, Trapani claimed that two well-known celebrities had each been hired as a “managing partner” of Centra. When the reporter asked whether several posts to social media by one celebrity were part of a sponsorship or paid advertisement, Trapani responded, falsely: ‘No [he] is an official brand ambassador and managing partner of Centra Tech now.’”

The suit also alleges that Farkas and Trapani knowingly undertook part in manipulative trading to boost CTR’s price in the lead up to their ICO, a common practice in scams used to generate interest in the product.

The suit names the three main defendants as Farkas, Trapani, and Sharma as well as their “respective agents, servants, employees, attorneys and other persons in active concert or participation with each of them,” which appears to include paid celebrity endorsers.

As mentioned previously, TMZ did not link to the source of the new lawsuit. Both Floyd Mayweather and DJ Khaled are not named in the original class-action lawsuit from December 2017. We will update this article with further details as they become available.


Source : https://cryptoslate.com/floyd-mayweather-and-dj-khaled-sued-for-involvement-in-centra-ico-scam/
313  Bitcoin / Bitcoin Discussion / Re: China can destroy bitcoin on: October 20, 2018, 11:39:07 AM
very interesting when we hear that academics from Princeton University and academics from the University of Florida have concluded that China has the potential to threaten stability, internet infrastructure, security and bitcoin development.

in the world of mining, China dominates using ASIC vendors. China controls mining hashrate, so they affect the bitcoin protocol.

Is there a solution to stop that potency  ?
No country in the world has the power to destroy bitcoin, let's be clear on that one first. China can only impose the law on the Chinese bitcoin miners or ASIC chip manufacturers that perhaps might affect the bitcoin network. And in time, the network will recover because sooner or later the Chinese miners will move to other countries in order to protect their own businesses.
314  Bitcoin / Bitcoin Discussion / Re: Why should governments accept Crypto currencies? on: October 20, 2018, 11:30:08 AM
We are led to believe that almost all governments are corrupt and that most officials and even leaders of the world are bought.

We saw this for instance with the US elections where rumours are doing the rounds that massive amounts of money were channelled from foreign countries to influence the outcome of the election. This money had to be laundered through shell companies via Banks and complex money laundering systems.

All of this leaves paper trails and this can later be followed and investigated to find the true origin of this money.

Now think about this, why would "corrupt" governments want to appose Bitcoin and Crypto currencies, if they can use it to hide their "corrupt" practices? Would it not make sense just to allow it and then use it to further their political aspirations?

The push back from these corrupt governments does not make any sense. Could it be that they know that Bitcoin and Crypto currencies are not "anonymous" at all and that these transactions can be traced and for this reason they are apposed to it?

Curious to know what you are thinking.  Wink
It's political, because the majority of these corrupt politicians are using cryptocurrencies in one way or the other. As I'm telling you now there was a time not long ago, 6-7 months ago, a senator in my country claims about owning some decent about of bitcoins on his social media account. They all use it, but they don't want people to know about it. They'll never to legalize cryptocurrencies because they don't want people to understand its truth power and values.
315  Bitcoin / Bitcoin Discussion / Re: Bitcoin grows everyday through Shared knowledge on: October 20, 2018, 11:13:44 AM
I believe so myself, the two minds are always better than one. As they say, sharing is caring. The best thing about bitcoin is always open to new ideas to improve by the people. When we're talking of bitcoin, purely decentralized cryptocurrency we're not referring to cryptocurrencies such as ripple or ethereum because they're centralized backed some companies, they're just using same technology that bitcoin is using which is Blockchain but they're not open for people to contribute rather the companies behind them. The bitcoin is different because there's no any company behind it only the people that wants to see it succeed through sharing there knowledge and ideas on where to improve pertaining bitcoin.
316  Bitcoin / Press / Re: [2018-10-19] Police release pictures of suspected killer of bitcoin trader on: October 20, 2018, 10:37:00 AM
So sad to see young man like this one to be a suspect of committing such horrific crime. He looks too handsome to be killer or to be killing someone for money. In fact, the suspect stabbed the victim over 20 times, that is the worst part, what a monster? There must be something personal, I guess! The wounds sustained during the attack is what leads to the death of the victim. I hope the police catch the suspect to face justice for the crimes that he has committed.
317  Bitcoin / Press / Re: [19/10/2018] Slain Bitcoin Investor Was Cashing out to Buy an Apartment on: October 20, 2018, 10:16:15 AM
Well, he made himself a target when he started opening his mouth about his crypto investment. I'm positive though that the culprit can be caught. Authorities can narrow down the suspects, (friends and/or the person he exchanges with). Another lessons to be learnt here, don't talk about your crypto investments and don't keep huge amount of cash. Just sad that at 24 years of age, his life was taken by those f**ers. Hope justice will be serve in this one.
This is unfortunate, what a sad story to hear for young fella like this one to his life over the investment that he made a lot of sacrifices about. I know for a very long time that we no longer have friends but enemies, once you are dealing with cryptocurrency be very careful to who you share your secrets with because most of our friends today don't want to see us doing better than them. So they can do everything possible to stop you or even destroy your life if necessary, like this one  incident for instance. My advice here is when you make fortune in cryptocurrency, it is very important to change your circle to avoid bad-blood from your friends and neighbors as well.
318  Bitcoin / Press / [2018-10-18] Binance Partners with Chainalysis to Stamp Out Money-Laundering on: October 18, 2018, 07:37:24 PM



Nearly a decade after the arcane origins of cryptocurrency and skeptics would not yet have depleted their argument that the technology is an A-grade digital detergent for money-laundering. In a bid to tackle the age-old assertion, however, Binance has joined with crypto compliance and investigation provider Chainalysis to keep its transcontinental ecosystem squeaky clean.

The new tie-up revealed in a press release Wednesday is a joint effort to tackle “global cryptocurrency money-laundering”, and break down the barriers found at the “intersection of cryptocurrencies, regulators, and traditional financial institutions.”
Chainalysis builds trust in blockchains between people, businesses and governments.

Backed by Wall Street investment banking heavyweight, Benchmark, Chainalysis in April secured $16 million in VC funding in a mounting push to further its coverage to government entities, cryptocurrency businesses and financial institutions, worldwide — whom the company currently claims to serve more than 150 of, globally.

With offices in New York, Washington DC, and Copenhagen, Chainalysis would presumably be no stranger to the sheer height of some regulatory hurdles. Reflecting on some of the challenges that tails the crypto industry across borders, Chainalysis Co-Founder and COO, Jonathan Levin, surmised:

    “Cryptocurrency businesses of all sizes face the same core challenge: earning the trust of regulators, financial institutions and users, We expect many to follow Binance’s lead to build world-class AML compliance programs to satisfy regulators globally and build trust with major financial institutions.”


Going Global

The new partnership sings in harmony with the ambitions of Binance CEO Changpeng Zhao, who in September stated his curveball intention to set up five to ten fiat-to-crypto exchanges in nearly every continent — giving preference to smaller, more collegial, regulatory environments that could work directly with his ever-expanding team.

Now with its global campaign map firmly in hand, Binance would be looking to get a running start with Chainalysis’ full suite of tools — which purportedly helps crypto businesses and financial institutions comply with Anti-Money-Laundering (AML) and Know-Your-Customer (KYC) regulations — and companies accepting cryptocurrency to open banks accounts.


Know Your Transaction

The wheels have already been set in motion, with Binance, the world’s leading exchange by daily volume, having implemented a complete roll-out of Chainalysis’ compliance solution — an algorithmic ‘Know Your Transaction’ (KYT) software designed to weed out and sound the alarm on suspicious transactions.

To Binance CFO Wei Zhou, a former Wall Street financial management executive, stomping out any funny business is a surefire prerequisite to global expansion. The ex-Goldman Sachs investment banker stated:

    “By working with Chainalysis, we are able to continue building a foundational compliance program that enables the next phase of our growth, Our vision is to provide the infrastructure for a blockchain ecosystem and increase the freedom of money globally, while adhering to regulatory mandates in the countries we serve.”

Indeed, as the exchange keeps at its seemingly relentless growth trajectory — having outstripped the profits of Deutsche Bank in Q1 — it will surely be looking to build an impenetrable defense against the type of legal action that may floor even the most well-heeled of companies.

Whatever efforts are made to pull the rug out from prospective launderers, however, may do little to diminish the narrative that cryptocurrency is criminal money. As reported previously by CryptoSlate, critics have continued to lambast the asset class despite hard evidence that, each day, banks launder enough to dwarf the net sum of funds ever laundered on cryptocurrency exchanges.


Source: https://cryptoslate.com/binance-partners-with-chainalysis-to-stamp-out-money-laundering/
319  Bitcoin / Press / [2018-10-18] Malta-Based OKEx Lists Four Stablecoins on: October 18, 2018, 03:29:09 PM


OKEx, a Malta-based cryptoasset exchange, recently listed TrueUSD (TUSD), USD//Coin (USDC), Gemini Dollar (GUSD), and Paxos Standard Token (PAX). At the time of the announcement, OKEx was the fifth-largest Bitcoin exchange by volume and the third-largest exchange in terms of Tether volume.

According to an OKEx support notice, the go-live schedule was as follows,

   * TUSD, USDC, GUSD, PAX deposit – 17:00, Oct 15 (HKT)
   * TUSD/BTC, USDC/BTC, GUSD/BTC, PAX/BTC spot trading – 14:00, Oct 16 (HKT)
   * TUSD/USDT, USDC/USDT, GUSD/USDT, PAX/USDT spot trading – 14:00, Oct 16 (HKT)
   * TUSD, USDC, GUSD, PAX withdrawal – 17:00, Oct 16 (HKT)

Stablecoins in the news

TrustToken, a company focused on traditional asset tokenization, launched TrueUSD in March. The Gemini Dollar, launched by Gemini Exchange, and the Paxos Standard Token, launched by Paxos, debuted in early September after approval from the New York Department of Financial Services.

In the case of Gemini, users can convert USD in their Gemini account in Geminar Dollars and withdraw them to a specified Ethereum address. Additionally, users can convert Gemini dollars into USD by depositing them into their Gemini account. The USC//Coin was launched by Circle in late September. All four of these stablecoins are fully collateralized with the USD.

OKEx moves to Malta’s Blockchain Island

Shortly after Binance announced the setting up of an operational base in Malta, OKEx reported intentions to expand operations to the “Blockchain Island.” OKEx chose to extend business to Malta due to the island’s extensive blockchain initiatives. Before developing any business in Malta, OKEx met with the Maltese government to better understand their legislative and regulatory plans.

Coining the moniker “Blockchain Island”, Malta has done a fantastic job publicizing tolerant legislation pertaining to cryptoassets, blockchain, and token sales. In February of this year, Malta published “Malta – A leader in DLT Regulation,” a framework for DLT technology in Malta. This document additionally proposed legislative developments including the establishment of the Malta Digital Innovation Authority, an entity designed to foster growth in the space and protect the public.


Source: https://cryptoslate.com/malta-based-okex-lists-four-stablecoins/
320  Other / Beginners & Help / Re: Where do you go to buy bitcoins? on: October 18, 2018, 12:43:12 PM
We all know of the importance of having cryptocurrency, particularly Bitcoin, however it is not always clear where they come from. Here in America, my friends and I use Coinbase to purchase and sell Bitcoins, Litecoins, Ethereum, etc. We can also use Coinbase as a wallet and it accepts bank transfers as well.

I have a few friends that use LocalBitcoins to meet up with locals in Los Angeles. I think this is inefficient since it can be time-consuming, however, there are some good deals and you can trust most of the sellers. I've also heard good things about platforms such as Kraken and Changelly.

In an effort to help the community, where do you personally go to purchase Bitcoins?

Changelly.com is a great place for buying bitcoin and very easy platform as well.
There are some few places to buy bitcoin as well such as blockchain.com, crypto.com, indacoin.com, coinmama.com, and paxful.com.

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