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6981  Economy / Gambling discussion / Re: Legal Matter on: August 27, 2020, 11:07:31 PM
Let me list 5 countries where the Online Gambling is legal and flourishing :

Japan

Now the question is : Why should it be legal?
-Better handling of scammers
-Protection for people
-It does bring good revenues for the government
-healthy restrictions regarding age and addictions

Now the people are going to do it anyways they cannot control that part , what they can do is discuss the terms and conditions and create a safe environment.

What do you guys think?
Should the government allow it more openly?

I think @avikz has put a good discussion about it.

6982  Economy / Economics / Re: Everything you wanted to know about BTC futures but were afraid to ask! on: August 27, 2020, 08:45:22 PM
And it seems that it has a negative effect on the price of BTC as the schedule options are going to expire today (close to 58 BTC). And yeah, it's really interesting to see Deribit really doing good.


Latest data from Skew
6983  Economy / Exchanges / Coinbit shutdown by South Korea authorities on: August 27, 2020, 08:19:23 PM
Coinbit, the third largest South Korean exchanges, has been shutdown following allegations that it is faking trade volumes and manipulation.

Quote
On the 26th, the police seized Coinbit, a large domestic cryptocurrency exchange, on suspicion of fraud. Coinbit is the third largest exchange in Korea after Bithumb (411,4800) and Upbit (3667,000) with an average number of visitors of 2.52,000 in the last three months (May-July).

The Seoul Metropolitan Police Agency's Metropolitan Investigation Department confiscated and searched several places, including the headquarters office of Coinbit in Gangnam-gu, Seoul. The police investigated the charges of inflating the trading volume and manipulating the market price by'bicycle transaction' (an act of buying and selling coins between accounts inside the exchange) through multiple'ghost accounts' by Coinbit's beneficial owner, Chairman Choi Mo (48) and the management team.

http://www.seoul.co.kr/news/newsView.php?id=20200826500071

It didn't mention if the funds of actual account holders are going to be freeze. But I'm sure that once the investigation is done, it will be refunded. Ranked #178 in cmc with a decent trading volumes of 16,807 BTC.
6984  Local / Others (Pilipinas) / Re: Bitcoin Revolution Scam on: August 27, 2020, 07:46:04 PM
Heto pala yung kay Manny Pacquiao:

Code:
http://bitcoineraprounitedkingdomreview.com/manny-pacquiao-bitcoin-revolution-review/



Konting ingat na lang talaga at i remind din yung mga kakilala natin na walang ganito at pure scam tong mga klaseng website at wag mag oopen ng mga account at lalong wag mag dedeposit ng minimum daw na $250.
6985  Economy / Scam Accusations / Lazarus Group campaign targeting crypto thru LinkedIn on: August 26, 2020, 10:44:06 PM
Lazarus group are now using LinkedIn - an online platform that connects every professionals around the world. I have a LinkedIn account myself, so I'm familiar on how it is being used. And so the hacking group Lazarus from North Korea are on the hunt using this platform for someone who is working on crypto like sys ad or probably even just a average joe like you and me that involves himself in crypto blockchain specially if it is written on your LinkedIn profile.

Quote
INITIAL ACCESS
F-Secure’s investigation revealed that a system administrator from the target organization received a phishing document via their personal LinkedIn account. The document masqueraded as a legitimate job advert for a role in a blockchain technology company that matched the employee’s skills.



https://labs.f-secure.com/assets/BlogFiles/f-secureLABS-tlp-white-lazarus-threat-intel-report2.pdf

So if you have a LinkedIn and received such malicious message, specially if it is shortened, don't ever click on the link and use your common sense here as you might fall victim to this group and lost your crypto assets in a blink of an eye.
6986  Bitcoin / Bitcoin Discussion / Fidelity files for a new Bitcoin Fund on: August 26, 2020, 10:06:10 PM
Fidelity President Files For New Bitcoin Fund

Quote
Fidelity president and director of digital funds, Peter Jubber, today filed paperwork with the U.S. Securities and Exchange Commission (SEC) informing the regulator of a new fund dedicated to bitcoin.

The previously unknown Wise Origin Bitcoin Index Fund I, LP was incorporated this year and is being run from the same Boston headquarters where the investing giant manages $8.3 trillion in customer funds. The early documentation provides little in the way of details about the fund, and shows zero investors have currently participated. We do know that the minimum investment to join the pooled investment fund is $100,000, indicating this is likely only for institutional and accredited investors.



https://www.forbes.com/sites/michaeldelcastillo/2020/08/26/fidelity-president-files-for-new-bitcoin-fund/#ddcbbe545c9a

official documents: https://www.sec.gov/Archives/edgar/data/1822414/000182241420000001/xslFormDX01/primary_doc.xml

Seems that every Wall Street are into bitcoin right now, they smell huge profit to be made as we have started a bull run already and perhaps they don't want to be left out in the closet when we have a massive run thru 2021 and beyond.
6987  Economy / Scam Accusations / Re: [Warning] Phishing Cryptocurrency Website on: August 26, 2020, 09:39:09 PM
Another Ethereum fake giveaway:

Website:
Code:
https://vitalikbb.top/

ETH address:
Code:
 0xCE0aA8921eF80242F03aE1824E31ccF912bA1EB1





6988  Bitcoin / Bitcoin Discussion / Re: Laws of Bitcoin on: August 26, 2020, 09:15:50 PM
Quote
One incorrect character can cause you to lose your Bitcoin.

I appreciate the sentiment behind it, but it is factually incorrect. One incorrect character in an address will lead to an incorrect checksum and therefore an invalid address which your wallet will not accept. There is only a 1 in 4,294,967,296 chance that one incorrect character can cause you to lose your bitcoin.

That's not to say you shouldn't double/triple/quadruple check every address - you absolutely should - but any incorrect or fake address will almost certainly differ by more than one character.

I don't think I will agree with you on this. First and foremost, how did you come about with this statistics '' There is only a 1 in 4,294,967,296 chance that one incorrect character can cause you to lose your bitcoin.''   You can't just state figures without giving us proof on how you obtain it. So far as there is some level of chance, you can loose your bitcoin when you input an incorrect address.


What proof do you want? Bitcoin addresses is design to have checksums, hashing it through SHA256 twice and then getting the first 4 bytes as your checksum. So taking the first 4 bytes ensures that it is unique by itself. So taking that into account, (2^32)-1 = 4,294,967,295 chances.

6989  Bitcoin / Legal / Re: Google to switch PH BPO partner following online scam (and mentions Bitcoin) on: August 26, 2020, 08:48:02 PM
I was just talking to my wife about this news as she used to work on BPO as well. And myself have some interactions with some employee in the Cebu area way back about IT related works so I was quite suprised that this wall pulled by some Cebuanos.

But this won't affect bitcoin though, this could probably in the news for sometime specially in Facebook and yeah it could affect the image of bitcoin again for Filipinos. But I doubt that the whole country will learn their lessons here, Filipinos easily forget this kind of negative press. And for Filipino crypto enthusiasts, they don't care about this news. They will just continue and go on with their lives and still be on the bitcoin bandwagon.
6990  Economy / Gambling discussion / Re: [Boxing]: Jeff Horn vs. Tim Tszyu on: August 26, 2020, 07:54:02 PM
So it was a one sided fight, and Tim Tszyu didn't disappoint us. He totally beat up Jeff Horn and he now became Australian top boxer. Props to Horn, after the interview he didn't makes any excuses and even told the press that Tim Tszyu has what it takes to carry the flag of Australia in international boxing. And it's good that the corner of Horn, stop the fight early to save him from further damage.
6991  Economy / Gambling discussion / Re: [Boxing]: Jeff Horn vs. Tim Tszyu on: August 25, 2020, 10:11:55 PM
This fight is less than 24 hours from now and the odds seems not moving. My target of 3+ for Horn won't happen i think but nevertheless i would take this 2.70 Horn, gonna go for the underdog this time  Smiley.

But wait, there's an accusation of the Horn's camp on the judges.

Quote
Trainer Glenn Rushton stoked the flames at Tuesday's weigh-in, accusing judge and former fighter Phillip Holiday of telling a friend Tszyu would win.

He also raised the issue of second judge Chris Condon owning the gym Tszyu has been training out of, pointing to his close association with Tim's father Kostya as another potential compromise.

https://tv5.espn.com/boxing/story/_/id/29735150/judge-bias-claim-rocks-jeff-horn-tim-tszyu-fight

Tasting their own medicine? lol...no further comment about that.

By the way, you'll get a better odds in Nitrogensports.  (https://nitrogensports.eu/sport/Boxing/248/Fights)



Time to recoup some lost from the last fight, Lol, anyways, Horn says that he is going to rag doll Tim because he has advantage of the weight.

Quote
At a press conference Monday, Horn said he was surprised to learn that Tszyu was within 500g of the 70kg mark 24 hours prior to Tuesday's weigh-in.

"I think it's silly. I don't know if he's lying, but telling me he's only 70.5kg ... I'll be throwing him around like a rag doll if he's that light," said Horn, per the Australian Associated Press. "It's a massive size difference. I can't believe him ... how crazy to [already] be 70.5 for a 69.85 fight."

https://www.boxingscene.com/jeff-horn-promises-rag-doll-tim-tszyu-down-under-encounter--151222
6992  Bitcoin / Legal / Re: Japan Plans To Ban Cryptocurrency From Coincheck Hack on: August 23, 2020, 10:30:45 PM
I have this question bothered in mind, do you think if the said amounts are sold, should the buyer be considered as one of the alleged suspects? And if the authorities investigate that case and trace the transactions made, how can they find it? There are too many ways toa hide their identity and might they will use dark web users are slick, and every minute addresses change or even in Bitcoin mixer.

The hacker was so fast moving I think he was absolutely committed to getting out of it and gone as quickly as possible. Judging by the way they acted no way would they want any of it to remain, or have any link to it.

Yeah, just like ordinary criminals, once they got the item, they want to dispose it that quick so that there will be no trace evidence. So they are willing to sell at a discount and buyers knew they are illegal. We have this so called law here, Anti-Fencing law which is criminal act itself.

The buyers clearly knew what they were buying. I think someone said that the tor site selling the hacked XEM, where it was heavily,heavily discounted, had a photo of Kim Jong Un rubbing his hands on it so it was totally obvious it was the stolen property. And of course you would've had to know it was there and what it was to find the site in the first place. It all happened very rapidly.

And that site that is selling those illegal NEM simply disappear and replace by this.  Grin



6993  Economy / Gambling discussion / Re: [Boxing] Oscar De La Hoya vs Amir Khan? on: August 23, 2020, 08:11:10 PM
Worst decision of Oscar if he really decides to make a comeback (and not just hyping boxing fans). He is too old for this. I don't simply agree with this decision. Manny is doing it at age 40 because he is active. But we can't say that about Oscar, you just have to look at his picture. Here is Oscar's statement about his boxing return.

https://www.espn.com/boxing/story/_/id/29698240/oscar-de-la-hoya-47-says-ending-retirement-resume-boxing-career
6994  Economy / Gambling discussion / Re: [Boxing]: Whyte vs Povetkin on: August 22, 2020, 11:18:59 PM
@Baofeng, did you saw that? OMG, what a shot by Povetkin. I thought Whyte already have the fight as he knocked down Povetkin with that left hook late in the fourth round but what a shot by Sasha in the fifth round. Whyte still unconscious as i write this post.

Lost my bet but no regrets.

F**k man, yeah I thought that my prediction is right, left hook win for Whyte under 6. But damn, that was one hell of an upper cut from Povetkin. I also lost my bets, it was really an upset. But we can't do anything about it. And with this win, it changes the landscape of the heavyweight division. Povetkin inserting his name and will probably face any of the big 3 in the future.
6995  Bitcoin / Legal / Re: Japan Plans To Ban Cryptocurrency From Coincheck Hack on: August 22, 2020, 11:04:51 PM
I think this news is a little bit outdated now or at least is not saying the right thing since the court is now ordering a seizure for the connected coins involved in the Coincheck hack. Although all the news I have read that is connectrd to this so far is still unclear on how the caught this people it looks like they have track them in the dark web as knowing purchasers of the stolen crypto.

Correct, and it seems that the title is misleading, it's a seizure and obviously this is done to freeze the assets until the investigation of the said loot is completed. And what has been seize is not the whole XEM and Bitcoin hacks, it's just a fraction. So most of the hacks are still in circulation or probably have been cash out. Tokyo police arrest two for receiving stolen NEM cryptocurrency.
6996  Economy / Speculation / Re: Bounce Back is coming? on: August 22, 2020, 10:41:06 PM
$11500 support holds this time, as we have somewhat bounce back to $11600 as of now. I don't expect any movement in the next 24 hours except maintain that levels. The next movement will come on Monday again, so I'm seeing $11,800 but not to quick to get back to $12k as this is the position where everyone is looking for a sell off and instant profit.
6997  Economy / Gambling discussion / Re: [Boxing]: Jeff Horn vs. Tim Tszyu on: August 22, 2020, 10:21:53 PM
The odds that was shared by Mirakal in the previous post was 2.62 for Jeff Horn, but the latest odds, it has increase to almost 3.00. It's really attractive if we expect Jeff Horn to win this fight, I would not put the trigger yet, I'll wait for more movement, who knows we can get better odds than the current odds displayed.

I'm monitoring closely the odds here mate and i think the odds for Jeff Horn to win the fight will go up to 3+ a day before the fight. TBH, i really hate Horn after that Pacquiao fight but the odds is so tempting to bet for him and also this would be Tim's acid test as we knew how Horn would play his antics here. I'm a little swayed to Horn winning this fight via UD, so i'm putting my money on him but my heart is for Tim to win by KO lol.

I don't think it will go to 3+ mate, probably will remain at 2.75 in sportsbet. We wouldn't hate Horn for robbing our Pacman, lol. But with his fight with Tszyu, could be his last fight so he will go out with a bang so it make sense to throw some money of Horn here as underdog. (I might do the same barring the result of Whyte vs Povetkin  Grin)
6998  Economy / Gambling discussion / Re: BOXING: Dillian Whyte v Alexander Povetkin on: August 22, 2020, 10:00:08 PM
I already open a thread, [Boxing]: Whyte vs Povetkin.
6999  Economy / Trading Discussion / Re: East Asia:Pro Traders and Stablecoins Drive World’s Biggest Crypto Market on: August 22, 2020, 09:36:45 PM
I don't know if the figure is right, but $50 billion going out of China is very huge amount. It could be capital flight, as we all know that wealthy Chinese are not safe from the government itself and that's why there is a crackdown on crypto since 2017. And then we have the trade war with US, the political tension with Hong Kong. So it makes sense and perhaps this is why Tether is also having a huge trade. But then again, the data comes from Chainalysis, so we need to take everything with a grain of salt.
7000  Economy / Speculation / Re: Do you think Warren Buffett will change his mind about bitcoin? on: August 21, 2020, 11:25:51 PM
This is his recent rant about bitcoin, or crypto in general, Cryptocurrency ‘has no value’ – ‘I don’t own any and never will’. With that statement, I don't think that he will change his mind about bitcoin in the future.
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