Time for regulators to stand up after the mess. To me they seem only words. "You're nothing but a lot of talk and badge" In a market like Hong Kong, where there is a growing appetite for bitcoins, but little to no education as to the risks associated with them, it may be time for regulation. Following the recent hack at Hong Kong-based digital currency exchange Bitfinex, the Hong Kong Monetary Authority (HKMA) is considering whether or not to supervise the cryptocurrency, according to an expert. Read more here https://www.cryptocoinsnews.com/bitcoin-supervised-hong-kong-authority-says-expert/ |
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I do not wish to endorse Bitstamp but they recovered almost elegantly from their loss a while ago.
I really don't think finex will do something similar.
For Bitcoin as a whole this shit is really bad. It's not Bitcoin that's flawed in the end.
It's because Bitstamp had the sense of using cold storage, so only their hot wallet were compromised, and lost a tiny amount of funds, which they covered from their profits. Bitfinex were legally prohibited from using cold storage by CTFC of US government, so they looked for answers and found BitGo, and thought it was as safe as cold storage, but turns out it's not. Yes, I read that as well, thanks. They probably should have implemented cold storage in Hong Kong where their legal entity is. They have to follow US regulations since they wanted to offer USD deposit/withdrawals directly to US banks. If that's the case each and every company which would like to do that is bound to probably undergoing the same destiny. This is where the "law" and the "regulations" show their worst. |
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Hi man, thanks for your message. I solved the poll thing. However, sorry to say but, being scammed is something that happens to those who are looking for easy money. My money will go to the people who are at the edge of a difficult life. This is what donations are for  |
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Hi everybody, please help me to decide which organization to fund with 0.197 BTC that I had via last month sig ad. All betcoin.ag signature campaign participants have been told by a member of this forum that keeping the sig ad would have brought to a negative feedback. We should put our money where our mouth is, if you ask me. So here am I asking you to help me share funds received from betcoin. http://seansoutpost.com Pensacola Homeless Outreach…fueled by Bitcoin. thewaterproject.com The Water Project is unlocking human potential by providing sustainable water projects to communities in sub-Saharan Africa who suffer needlessly from a lack of access to clean water and proper sanitation. Access to water unlocks potential. It removes obstacles that hinder a community from growing itself out of poverty. www.songsoflove.org The Songs of Love Foundation is a national nonprofit 501(c)(3) organization that creates free personalized original songs to uplift children and teens currently facing tough medical physical or emotional challenges. Each CD is professionally produced with lyrics containing the child's name and references to all of his or her favorite activities things people and pets. Songs are written and performed in any language in the musical style that the child likes best by a variety of talented professionals. Watsi.org Watsi is a global crowdfunding platform for healthcare that enables anyone to donate as little as $5 to directly fund life-changing medical care for people in need. 100% of every donation funds medical care and we are dedicated to complete transparency. TunaPanda Tunapanda Institute does digital era vocational skill training in low-income parts of East Africa. The organization focuses on skills like web design computer programming and video editing that can help people earn an income improve their communities and engage in meaningful self-expression. They deploy computer networks using open source software and free (libre) educational video content. Please vote the one you really want to see funded. I am going to post TX ID when poll ends and I release funds. Thank you |
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Update from BitFinex: As it stands, we are continuing to investigate the hack and cooperating with authorities and the top blockchain analytic companies in the space to track the stolen bitcoins. In the meantime, we have been working on getting the platform up and running on a secure instance so that users can log in and see if their accounts have been affected as well as the state of their positions and orders. We hope to have an update with more substance later today UTC time. They are probably talking about these guys https://www.elliptic.co/According to them that's what they do We identify illicit activity on the Bitcoin blockchain and provide actionable intelligence to financial institutions and law enforcement agencies |
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Hi Elwar,
can you post the compromised finex addresses please?
Want to have a look at them
Thanks
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I do not wish to endorse Bitstamp but they recovered almost elegantly from their loss a while ago.
I really don't think finex will do something similar.
For Bitcoin as a whole this shit is really bad. It's not Bitcoin that's flawed in the end.
It's because Bitstamp had the sense of using cold storage, so only their hot wallet were compromised, and lost a tiny amount of funds, which they covered from their profits. Bitfinex were legally prohibited from using cold storage by CTFC of US government, so they looked for answers and found BitGo, and thought it was as safe as cold storage, but turns out it's not. Yes, I read that as well, thanks. They probably should have implemented cold storage in Hong Kong where their legal entity is. |
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please select an option at random: I see we're getting more and more precise on what is asked  Talking price there has been a small recovery lately: now that I can't follow bitfinex anymore I'm following OKCOIN price (let's go big no?). 558$ there, hopefully going a bit back in the next hours |
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FUNNY MODE ON I think he wants to help miners recovering after the halving, so that's why he's pumping up the fees FUNNY MODE OFF Whatever will happen we'll have some fun in the next days. Waiting to see what happens with our Robin Hood |
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1DatvgV2eBZvqioL4QsQ4taFC6BKvb2xPo
Hell yeah!!!
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I mean yes, nice screenshot but at the end of the day that's just a wallet GUI. Not much to be seen really.
I'm more interested regarding the upconimg features.
Of course and those are detailed in the whitepaper. Click the image on the OP. Don't get me wrong, that's what I am waiting for. Those are the most "needed" updates right now if you know what I mean. Project is pretty good but we want to see it in action  |
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Holy crap what a drop! What the hell happened to Bitfinex? Really tired of all these exchanges imploding every now and then. Lost my chance to exit at 600$. Ok, I mean... we start again. As usual Back to CPU/GPU for a better decentralization Pfff ... Condolence, if you had coins there.   No man don't worry. I'd have to rephrase. I did not have any coins there. I left finex a month ago (lucky one apparently) I did not expect such a huge drop but I simply wanted to sell some at 600$ which is probably not going to happen now. |
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I do not wish to endorse Bitstamp but they recovered almost elegantly from their loss a while ago.
I really don't think finex will do something similar.
For Bitcoin as a whole this shit is really bad. It's not Bitcoin that's flawed in the end.
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Holy crap what a drop! What the hell happened to Bitfinex? Really tired of all these exchanges imploding every now and then. Lost my chance to exit at 600$. Ok, I mean... we start again. As usual Back to CPU/GPU for a better decentralization |
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Hi Betcoin,
please update my rank. I reached Legendary with the last activity update. Thanks
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I placed the following bet C Simmonds v L Robson @ 1.9 J Wacnik v A Stevenson @ 1.42 It would be a nice 0.1 BTC if everything goes ok. |
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I mean yes, nice screenshot but at the end of the day that's just a wallet GUI. Not much to be seen really.
I'm more interested regarding the upconimg features.
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you can win a lot by playing multiple bets: of ocurse you would need to get all your bets.
Three times I was able to win around 1 btc by betting a very small amount on more than 10 games (I used to play on football like that).
You can try
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There are so many interesting projects being developed lately, have a look at this one. Can blockchain micropayments be fast, decentralized and private? That question arguably forms the core of a new white paper penned by researchers at Johns Hopkins University that explores methods for bringing greater anonymity to off-blockchain micropayment networks. Read more here http://www.coindesk.com/anonymous-blockchain-micropayments-bolt/ |
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