Bitcoin Forum
August 20, 2022, 02:30:21 AM *
News: Latest Bitcoin Core release: 23.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: [1]
1  Bitcoin / Press / [2018-03-14] $81 Billion Allianz Says Bitcoin is a Bubble, Search Engine Results on: March 14, 2018, 11:38:17 PM
On March 14, $81 billion investment firm Allianz stated in a report released by the firm’s global economics and strategy head Stefan Hofrichter that the cryptocurrency market, regardless of its liquidity, is a bubble.

Intrinsic Value Again
Hofrichter stated that cryptocurrencies like bitcoin lack intrinsic value, and that the base value of cryptocurrencies is zero.

Quote
“In our view, its intrinsic value must be zero. A bitcoin is a claim on nobody – in contrast to, for instance, sovereign bonds, equities or paper money – and it does not generate any income stream.

Bitcoin’s demise would have few spillover effects on the ‘real world,’ since the market for this cryptocurrency is still quite small in size. As a result, we believe that the risks to financial stability stemming from bitcoin are negligible — at least as of today,” said Hofrichter.

However, as stated many times by respected analysts and bankers like Goldman Sachs CEO Lloyd Blankfein, the concept of intrinsic value is flawed, and base value in assets simply does not exist. For instance, stocks, commodities, and fiat currencies also do not have intrinsic value, as their value solely depend on the supply and demand sought out by the free market.

Emphasizing that multi-billion dollar conglomerates rely on digital trust and thus do not have intrinsic value, Fundstrat analyst Tom Lee explained:

“If you ask a baby boomer, ‘Can you justify the value of anything that’s a digital business?’ they probably don’t accept that Facebook, Google, Netflix, Amazon, Apple, these are the largest companies in the S&P 500 and they’re primarily digital businesses built almost purely on digital trust.”

The value of cryptocurrencies like bitcoin derive from their security, decentralized protocol, and the distributed network of nodes, miners, and users that sustain the network. The computing power of the bitcoin network has increased to a point in which no single entity or organization can ever match it, disallowing or eliminating the possibility of double spending, or taking advantage of the system to produce more digital currencies.

More importantly, unlike the stock market and other private markets that are open exclusively to accredited investors and brokers, the cryptocurrency market is public. Any investor can trade or invest in cryptocurrencies. As such, bitcoin and other major cryptocurrencies have become more liquid than any other stock or asset in the global stock market.

Search Engine Results
Box Mining, a renowned cryptocurrency analyst, revealed that the number of Google search engine searches for the keyword “bitcoin bubble” has actually decreased since late 2017.

The major correction that occured in the cryptocurrency market throughout January and February has shown that due to its liquidity, long-term bubbles within the cryptocurrency market do not form. Short-term bubbles implode with minor and major corrections, as the value of major cryptocurrencies drop 50 to 70 percent in some periods.

Hence, to describe the entire market as a bubble by disregarding investors within it, institutional and retail traders with billions of dollars in capital, and the $13.5 billion daily trading volume of the market is highly incorrect.

Code:
Source: https://www.ccn.com/81-billion-allianz-says-bitcoin-bubble-search-engine-results-show-otherwise/
2  Bitcoin / Press / [2018-03-14] US Congress Debates ICOs, Cryptocurrency Regulation in House Subcom on: March 14, 2018, 11:31:02 PM
“I believe this is probably hello, not goodbye.”

Thus said Rep. Bill Huizenga (R-MI) as he adjourned Wednesday’s US House Capital Markets, Securities, and Investment Subcommittee hearing, which was devoted to discussing cryptocurrencies, initial coin offerings (ICOs), and whether the current regulatory framework adequately protects investors.

Huizenga was speaking to a group of academics and cryptocurrency industry representatives who had testified before the subcommittee, largely arguing that regulators need to clarify the legal status of cryptoassets to help entrepreneurs innovate while remaining compliant with federal rules.

As was the case in a recent Senate hearing on cryptocurrency regulation, lawmakers conveyed varying opinions about the value of cryptocurrencies and blockchain technology.

Some committee members harped on cryptocurrency’s alleged association with terrorism. Rep. Brad Sherman (D-CA), for instance, called cryptocurrencies a “crock” and expressed doubt that they can be used to accomplish any social good that cannot be achieved otherwise.

Quote
“Perhaps we’ll have another hearing after a major terrorist event” is financed using cryptocurrency,” he quipped, adding elsewhere that cryptocurrencies are only “popular with guys who want to sit in their pajamas and tell their wives they’re going to be millionaires.”

Others, however, lauded ICOs and other blockchain-related fintech advancements and cautioned that hasty or overbearing regulations could threaten the country’s status as a fintech leader.

Quote
“Regulation in this space is something that the U.S. has to get right, because poor or rushed policy in cryptocurrencies really threatens our reputation in finance and technology,” said Rep. Ted Budd (R-NC).“

Similarly, Rep. Tom Emmer (R-MN) — a member of the cryptocurrency-friendly Congressional Blockchain Caucus — criticized politicians for calling for new regulations without taking the time to research and develop an adequate understanding of the technology.
Quote

“I hear elected officials who don’t have any concept of what we’re dealing with here and how exciting it is talking about, ‘Oh my gosh, we’ve got to run in and regulate and create more government infrastructure,’” commented Emmer, adding that although there needs to be modest cryptocurrency regulation, the access to capital that ICOs provide “is something Democrats and Republicans should celebrate.”

Overall though — as Huizenga remarked when he adjourned the meeting — this hearing largely served as a way to introduce lawmakers to the regulatory and operational climate in the nascent cryptcoasset space, particularly in regard to ICOs. This is not, one can be sure, the last time Congress will find itself discussing cryptocurrency regulation.

Code:
Source: https://www.ccn.com/us-congress-debates-icos-cryptocurrency-regulation-in-house-subommittee-hearing/
3  Local / Bitcoin Haberleri / Kamboçya’da Kripto Paranın Durumu Hala Net Değil on: March 14, 2018, 11:28:20 PM


Merkez bankasının kendi ICO’sunu çıkarmasına 17 gün kala, Kamboçya Hükümeti kripto para ticaretinin önündeki engelleri hala kaldırmadı.


Çeşitli kaynaklara göre, Kamboçya Hükümeti’nin kripto paralara bakış açısı son derece karışık gözüküyor. Phnom Penh Post’a göre hükümet, kripto para işlemlerine izin vermezken, bir yandan da yerli kripto para çıkarmaya hazırlanıyor.

Kamboçya’nın yerli kripto parası Entapay olarak isimlendirilecek. Özel bir blockchain olan Entapay’ın sitesinde, Entapay’ın depolama yönetimi, ticaret ve takasın yanı sıra çevrimdışı işlemler de sunacağı yer alıyor. Token satışları, değeri 62 milyon doların üzerinde olan 90 bin ETH hedefiyle 31 Mart’ta başlayacak. Yine girişimin web adresinde, “Bir gün, Entapay VISA’nın yerini alacak ve yeni ana ödeme yöntemi olacak” söylemi yer alıyor.

İlginç bir şekilde, Kamboçya Ulusal Bankası Genel Müdürü Chea Serey, Kasım ayında kripto para birimini “yeni bir sahtekarlık” olarak adlandırdı ve daha sonra ülkede ICO’ları yasakladı. Aralık ayında, banka “kripto paraların alınıp satılmalarına ve kripto para dolaşımına hiçbir şekilde izin verilmediğini” söyledi.

Mamafih, kripto paraların kullanımı yasa dışı hale gelmedi ve kripto paraların popülaritesi gün geçtikçe artmaya devam etti.

Kamboçya, 15 milyon insanın yaşadığı, anayasal monarşi tarafından yönetilen nispeten fakir bir Güneydoğu Asya ülkesi. Ülkenin gelişmiş bir finansal altyapıya sahip olduğu da söylenemez. Örnek olarak, ülkede yeteri sayıda ATM bulunmamaktadır. Merkez bankası, blockchain teknolojisini hem bankacılık sektörünün gelişmesi hem de ülkenin ABD Dolar’ına olan bağlılığının kırılması için bir yol olarak görüyor.

Hükümet, bir Japon şirketi olan Soramitsu ile birlikte blockchain girişimi ilk açıkladığında, Chea Serey şunları söylemişti:

Quote
“Nakitsiz bir sistem tüm ekonomi için daha az maliyetli ve daha şeffaftır. Bu her zaman gündemimizde olmuştur.”

Ancak bazı karışık mesajlar, bankaların, müşterilerin kripto para birimlerine dayalı varlıklar ile işlem yapmasına izin vermeyi reddettiklerini bildiriyor. Bununla birlikte, bir Kamboçya’daki bir Bitcoin ödemeleri şirketi olan CryptoAsia bloguna göre birkaç şehirde kripto para birimini kabul eden bir dizi işletme var.

CryptoAsia, websitelere Bitcoin ödemeleri için eklentiler sunuyor ve ülkede böyle bir hizmet sunan ilk şirket. Forbes’e göre şirket, sekiz yıldır Kamboçya’da yaşayan Steve Miller tarafından kuruldu. Görünüşe göre Miller, ülkede Bitcoin’i kabul eden bir restoran açmak da dahil olmak üzere ülkede bir Bitcoin topluluğu kurmaya çalışıyor.

Kamboçya’ya özgü başka bir kripto para birimi ise KHCoin’dir. KhCoin, Ekim 2017’de, In Mean adlı bir kripto para birimi meraklısı tarafından bağışlanmış fonlarla başlatıldı. KHCoin, 0.000000999 BTC üzerinden işlem görüyor ve Mean KHCoin’i ücretsiz dağıttığını söyledi. Phnom Penh Post’a yaptığı açıklamada Mean, “KHCoin’e değer katmak istedim, ancak ödeme sistemine başladığımda, ulusal banka kripto paraların yasa dışı olduğunu söyledi.” dedi. KHCoin şu anda kar amacı gütmeyen bir kuruluş olarak listeleniyor.

Hükümet tarafından konan engellere rağmen, bazıları hala iyimser. Kamboçyalı girişimci Rithy Thul şunları söyledi:
Quote
“Kamboçya Merkez Bankası (NBC)’nin blockchain teknolojisini kullanmaya çalıştığının iyi bir işaret olduğunu düşünüyorum çünkü gelecekteki blockchain projelerini desteklemesi daha olası.”

In Mean Phnom Penh Post’a şunları söyledi:

Quote
“NBC fikrini değiştirdiğinde, ben hazır olacağım.”

Kaynak: https://koinbulteni.com/kambocya-hukumeti-resmi-kripto-parasini-cikartirken-bir-yandan-da-engeller-getiriyor-9651.html
4  Bitcoin / Press / [2018-03-13] Crypto Trading Giant Binance to Launch Decentralized Exchange and P on: March 13, 2018, 10:02:21 PM
Cryptocurrency exchange giant Binance announced Tuesday that it will launch its own “tailored blockchain” in an apparent first step toward building a decentralized exchange (DEX).

The Hong Kong-based company — which regularly ranks as a top-three cryptocurrency exchange as measured by daily trading volume — made the announcement in a blog post, explaining that Binance Chain will “mainly focus on the transfer and trading of blockchain assets, as well as provide new possibilities for the future flow of blockchain assets.”

“Binance was growing too quickly, and too busy to start anything else,” CEO Changpeng Zhao said on Twitter. “So, all we could do is, to just start one more Binance.”

The company said that it made the decision to launch Binance Chain after conducting extensive research into currently-existent DEX frameworks.

Decentralized Exchanges allow users to trade cryptoassets without entrusting their coins to third parties, whose centralized platforms provide hackers with lucrative attack vectors and have collectively lost more than $1 billion worth of assets to thefts during the industry’s short history.

The most well-known DEX is EtherDelta, which uses smart contracts to allow users to trade ERC20 tokens, which all run on the Ethereum blockchain. DEX platforms are not completely safe since their website servers are centralized, but they are much less vulnerable to large-scale thefts than conventional exchanges.

The reason that currently-existent DEX platforms are not more widely used is that by-and-large, they can only be used to trade assets that run on a common blockchain. Technological upgrades such as the Lightning Network (LN) promise to make cross-blockchain trades — called atomic swaps — more accessible, but these technologies are not yet production-ready.

It is not yet clear how Binance’s DEX will operate, although it appears that it will exist alongside the company’s centralized exchange for the foreseeable future.

“Centralized and Decentralized exchanges will co-exist in the near future, complementing each other, while also having interdependence,” the company said, adding that more details about Binance Chain would be released in the coming days.

Binance Coin (BNB), which is currently built as an ERC20 token, will be reissued as Binance Chain’s native asset, and Binance — the post says — will “transition from being a company to a community.”

Notably, OKEx — another top-three cryptocurrency exchange based in Hong Kong — recently launched its own utility token and has said that it will create its own public blockchain, tentatively dubbed OKChain, as well.

Code:
Source: https://www.ccn.com/crypto-trading-giant-binance-to-launch-decentralized-exchange-and-public-blockchain/
5  Local / Bitcoin Haberleri / Japon SBI Group Çinli Huobi’yle Anlaşmasını Feshetti on: March 13, 2018, 10:01:57 PM


Japonya’nın finansal devlerinden SBI Group’a bağlı SBI Holding Çin’in kripto para girişim şirketi Huobi Group ile olan anlaşmasını fesh etti.

SBI Holding geçtiğimiz cuma günü yaptığı açıklamada Japonya’da iki kripto para borsası girişimi için Huobi ile olan anlaşmalarını iptal ettiklerini duyurmuştu. İki firma ilk olarak geçen yıl aralık ayında ortaklık için masaya oturmuş, Japan Huobi ve SBI Virtual Currency borsalarının kurulması için anlaşmaya varılmıştı.

Japonya’nın finansal düzenleyici kurumu olan Finansal Hizmetler Dairesi, (FSA) borsaların açılması için tüm kontrollerini tamamlamıştı ve ticaret platformlarının bu ay faaliyete geçmesi bekleniyordu.

Ancak son yapılan açıklamada Huobi anlaşmanın iptali sonrası borsa platformu projesine kendi bünyelerinde devam edeceklerini açıkladı. Anlaşmanın iptal edilmesinin nedenlerini açıklayan firma daha sonra daha yüksek düzeyde güvenlik altyapısına, yurt içi ve yurt dışındaki düzenlemelere anında cevap verebilecek bir sisteme ihtiyaçları olduğunu açıkladı.

Bu bağlamda SBI Group’un SBI Holding’i kendi kaynaklarını geliştirmede ve güvenlik altyapısı oluşturmada kullanacak. Kararın alınması tam da Coincheck borsasından 500 milyon dolar değerinde NEM çalınması sonrası Japonya’da kripto para borsalarına karşı denetimlerin arttırıldığı bir döneme denk geliyor.

Geçtiğimiz hafta FSA yeterli güvenlik önlemine sahip olmadığı gerekçesi ile birçok yerel kripto borsasını cezalandırmıştı. Ayrıca 20 Şubat’ta yapılan bir açıklamada daha fazla güvenlik güncellemesi yapmak amacıyla SBI kripto para biriminin canlı lansmanının ertelendiğini duyurmuştu.

Code:
Source1: https://coin-turk.com/japon-sbi-group-cinli-huobiyle-anlasmasini-feshetti
Source2: https://www.coindesk.com/japans-sbi-group-scraps-huobi-crypto-exchange-partnership/
6  Bitcoin / Press / [2018-03-13] Thai Bank Will Add Euro, Pound to Ripple Blockchain Retail Remittan on: March 13, 2018, 09:52:56 PM


Thai ‘big four’ banking institution Siam Commercial Bank (SCB) is adding euros and sterling to its Ripple-powered blockchain remittance platform.

The SCB, one of Thailand’s biggest banks, is adding the euro and the sterling pound to its retail remittance offering powered by San Francisco-based blockchain giant Ripple, the Bangkok Post reports. SCB strategy chief Arak Sutivong pointed to strong payment inflows of euros and pounds to Thailand as inward remittance as reasons for the blockchain-powered retail offering.

Refreshingly, the bank executive reveals the blockchain remittance will be initially available for retail customers who see inbound remittances from Europe as the SCB searches for partner Ripple banks in the continent to support the service.

As reported previously, the SCB began inbound remittance trials over Ripple’s blockchain with Japan’s SBI Remit in June 2017. The commercial blockchain application, currently being tested in a regulatory sandbox under the eye of the Bank of Thailand, has already proved successful according to the SCB executive. When launched commercially, the services will look to disrupt a payments corridor that sees some $250 million transferred annually from Japan to Thailand.

“The service system has stabilized, while the Bank of Thailand wants to monitor it comprehensively,” Arak told the Post, adding that the bank is only waiting for the central bank’s go-ahead for the commercial launch of Japan-Thailand baht remittance transfers for individuals. Once the transaction is triggered by an origin SBI Remit account in Japan, the funds will be deposited into the recipient’s SCB savings account within “two to five seconds”, Ripple says.

With the SCB looking to add support for the euro and the pound using the same Ripple tech, Arak contends that the bank could avoid going through the regulatory sandbox for testing.

The bank expects to add support for euros and sterling over its Ripple blockchain remittance offering sometime before the end of Q3 2018.

Meanwhile in Japan, home to a significant chunk of Ripple experiments and prototypes in Asia, a consortium led by SBI Ripple Asia comprising of 61 Japanese banks is set to launch a retail consumer payments mobile app that would enable instant round-the-clock transactions between domestic bank accounts later this year.

Code:
Source: https://www.ccn.com/thai-bank-will-add-euro-pound-ripple-blockchain-retail-remittances/
7  Bitcoin / Press / [2018-03-13] $270,000: Brazil’s Largest Bitcoin Exchange Foxbit Down for 72 Hour on: March 13, 2018, 09:41:20 PM


Foxbit, Brazil’s largest cryptocurrency exchange, has been down for over 72 hours, reportedly because of a bug that allowed its users to withdraw their bitcoin balances twice. The problem saw the company lose a total of 30 Bitcoins, at press time worth roughly $270,000.

Through a livestream on YouTube, the company’s CEO João Canhada and COO Luís Augusto Schiavon, revealed the bug saw its users take advantage of the exchange’s withdrawal system to duplicate 130 withdrawals. After realizing what was going on, Foxbit immediately launched an emergency maintenance mode to halt withdrawals. The maintenance mode reportedly corrupted some of its service providers’ data.

Per the company’s executives, data is now being restored, and Foxbit should be back up by March 14. Through a blog post, the cryptocurrency exchange informed its users that it wasn’t hacked, and linked back to two cold wallets to show their funds were safe.

In an attempt to calm its users down, Canhada and Schiavon stated (roughly translated):
Quote

“All funds are protected, both in reais and in bitcoins. Several clients have already returned duplicate values and we are in touch with everyone. We have a specific fund to cover possible losses and the funds in reais are safe in our bank accounts. The platform was neither hacked nor stolen. “

While Foxbit’s CEO and COO claim some users have already returned their ill-gotten funds, it isn’t clear how much was returned. Nevertheless, Foxbit assured that the money that went missing doesn’t harm its operation, as it represents a small percentage of what it currently has. The wallets shown in its blog post have over 7,500 BTC in total.

To further protect users during its downtime, the platform is set to cancel several orders so users don’t lose their balances while unable to manage their accounts. Nevertheless users watching the livestream asked whether the exchange would make it up to them, by creating a zero-fee trading period, for example.

The company’s CEO and COO merely stated they were paying close attention to what was going on but didn’t go any further.

Notably bitcoin is growing big in Brazil. According to CryptoCompare data, the Brazilian Real makes up 0.02% of the cryptocurrency’s daily trading volume, and the country’s police even took down a ‘digital currency’ pyramid scheme last year. As covered by CCN, Brazilian central bank president Ilan Goldfajn took a dismissive stance against bitcoin, and claimed it was a “typical bubble or pyramid [scheme].”

Code:
Source: https://www.ccn.com/270000-brazils-largest-bitcoin-exchange-foxbit-72-hours-30-btc-missing/
8  Bitcoin / Press / [2018-03-07] Bitcoin and Cryptocurrencies Are Commodities, Federal Court Rules on: March 07, 2018, 11:32:23 PM


Courts, financial regulators, legislators and governments around the world are struggling to fit bitcoin into their existing frameworks. Different legal definitions for the disruptive innovation that is cryptocurrencies can have profound ramifications for the instruments in each jurisdiction such as what agencies will regulate them, under what laws, and how users will be taxed, if at all. A new ruling by a US federal court now tilts the scales towards viewing them as commodities, but that is not likely to be the final word as American lawmakers have yet to have their say.

Cryptocurrencies Are Commodities
Bitcoin-like cryptocurrencies can be regulated by the U.S. Commodity Futures Trading Commission (CFTC), U.S. District Judge Jack Weinstein ruled on Tuesday. The federal judge thus upheld the CFTC’s position from 2015 that cryptocurrencies are commodities, saying it was supported by the plain meaning of the word “commodity” and that the agency had “broad leeway to interpret the law” regulating commodities (The Commodity Exchange Act of 1936).

This ruling came about because the court had to decide whether the CFTC was able to prosecute an alleged fraudster who promised clients cryptocurrency trading advice but never delivered (Patrick McDonnell and his company Coin Drop Markets). By allowing the agency to continue with the case, the judge set a precedent for all other legal cases where defense lawyers might have argued that the CFTC has no standing because bitcoin is not a commodity.

Many ICO Tokens Are Still Securities?

Bitcoin and Cryptocurrencies Are Commodities federal Court RulesThis development is unlikely to deter other American regulatory agencies from also asserting their jurisdiction over the ecosystem. Ropes & Gray investment management counsel Ed Baer explained: “While District Judge Weinstein’s ruling confirms the U.S. Commodity Futures Trading Commission’s prior determination that virtual currencies like bitcoin are “commodities” subject to regulation by the CFTC, recent statements by U.S. Securities and Exchange Commission (SEC) Chairman Jay Clayton suggest that various types of these cryptocurrencies – especially coins issued in initial coin offerings (ICOs) – may be securities subject to regulation by the SEC.”

He added: “The challenge for cryptocurrency exchanges and investors, as well as for regulators such as the SEC and CFTC, will be to determine which of the over 1,000 types of these cryptocurrencies are securities and which ones are not. Given that the test used to determine whether an instrument is a security was developed more than 60 years before Satoshi Nakamoto published the paper describing bitcoin, the uncertainty around the regulatory treatment of most cryptocurrencies will remain despite Judge Weinstein’s ruling.”

What ramifications if any do you expect this ruling to have on cryptocurrencies? Share your thoughts in the comments section below!

Code:
Source: https://news.bitcoin.com/bitcoin-cryptocurrencies-commodities-federal-court-rules/
9  Bitcoin / Press / [2018-03-07] Cryptocurrency Market Sheds $22 Billion as Every Major Currency Dip on: March 07, 2018, 11:30:40 PM


Bitcoin, Ethereum, Ripple, Bitcoin Cash, Cardano, Litecoin, and other major cryptocurrencies with the exception of Monero have experienced a decline in value, as the cryptocurrency market fell by yet another $22 billion after a seeing a drop on March 6.

Monero
Over the past 24 hours, Monero has been the only major cryptocurrency to record a gain, demonstrating a slight 2 percent increase in price. In contrast, bitcoin fell by 2.5 percent, Ether by 5 percent, Ripple and Bitcoin Cash by 3 percent, and Litecoin by 4 percent.

On a weekly basis, Monero is also one of the few cryptocurrencies to demonstrate a surge in price. On March 1, the price of Monero was $285. As of March 7, the price of Monero remains above $360, recording a 26 percent weekly increase in price.



The rise in demand for Monero can be attributed to the increase in interest towards privacy-focused cryptocurrencies. Amongst many cryptocurrencies with privacy features, Monero remains as the only private digital currency that anonymizes every transaction on the blockchain network. Hence, unlike other cryptocurrencies, transactions processed on the Monero network cannot be traced.
Quote

“All Monero transactions require full mandatory privacy unlike the mentioned coins. In all other private crypto currencies so far privacy is optional and hardly used, since it’s complicated and/or isn’t supported by wallets. Zcash has not even 400 fully shielded transactions a month, Dash uses CoinJoin mixing over Masternodes where you have to wait for partners to mix with and it takes hours. PivX does exactly the same like Dash, but it’s even smaller and you have less partners to mix with,” the Monero team explained in an interview with cryptocurrency analyst CryptoRand.

As governments like the US and South Korea continue to crackdown on cryptocurrency account holders for tax purposes, it is likely that the demand for privacy-focused cryptocurrencies will continue to increase. As for Monero, given that it remains as one of the few cryptocurrencies to sustain momentum throughout the past week, it will be able to prolong its rally in the short-term.

Bitcoin and Ethereum
While bitcoin has fallen by 2.5 percent, other alternative cryptocurrencies such as Ethereum and Cardano have fallen by more than 5 percent. In fact, over the past two weeks, bitcoin has continued to outperform most major cryptocurrencies in the market.

The dominance index of bitcoin has reached a new yearly high–from January to March–at 42 percent, which dropped to 31 percent in December 2017.

From its all-time high, bitcoin is down 43 percent. Meanwhile, Ethereum is down 43.6 percent from its all-time high at $1,400. Until February, Ethereum has followed the price trend of bitcoin. As bitcoin cross the $8,000 mark, Ether surpassed $800 and as bitcoin surpassed $9,000, Ether peaked at $900. But, over the past two weeks, Ethereum has struggled to sustain its momentum.

In this recovery period, it is more likely that bitcoin will outperform alternative cryptocurrencies in the short-term, as holders of other cryptocurrencies move to bitcoin and newcomers invest in bitcoin first, before moving to other assets.
10  Bitcoin / Press / [2018-03-07] Twitter CEO Promises to Crack Down on Cryptocurrency Scams on: March 07, 2018, 11:21:30 PM


Twitter CEO Jack Dorsey has promised that the social media giant will crack down on the increasing number of cryptocurrency scam accounts that have begun to proliferate in “Crypto Twitter.”

Over the past several months, an increasing number of industry figures with large Twitter followings have seen their profiles copied and used to scam naive followers into sending cryptocurrency to scammers’ wallets.

In the typical instance depicted below, a scammer creates an account that mimics the one belonging to Litecoin creator Charlie Lee. The fake account — whose Twitter handle is one character different from Lee’s actual one — replies to Lee’s post, claiming that he is holding a giveaway, but users must send him a small balance of LTC to contribute. Several other fake accounts then respond to this post, claiming that they received the free LTC, making it appear that the scheme is legitimate.



To make matters worse, a variety of Twitter users beset with these robotic doppelgangers have had difficulty getting their accounts verified, which would at least give their followers another way to distinguish between the real and fake accounts.

Twitter, though, says it is on the case.

Quote
“We are on it,” Twitter CEO Jack Dorsey wrote after Cornell professor Emin Gün Sirer tweeted that “[t]hese scams are getting out of hand.”

However, the company’s crusade against cryptocurrency scams has already inadvertently caught several legitimate accounts in its net. Kraken — the ninth-largest cryptocurrency exchange by daily trading volume — briefly saw its customer support account banned as a part of the anti-spam purge.

https://twitter.com/krakenfx/status/971068474796724224/photo/1

Others — including Coin Center communications director Neeraj Agrawal — reported that their accounts had been “shadow-banned” by the platform’s anti-spam algorithm, though it appears that such incidents have later been corrected.

Moreover, suspended accounts are quickly replaced with new ones, creating a cat-and-mouse game for Twitter’s moderators.

The scam artists have also begun adapting their methods to evade detection. As was the case with Charlie Lee’s impersonator above, many of the fake accounts have begun using shortened URLs to conceal the fact that they are linking to wallet addresses — indicating that Twitter is eyeing these types of posts with particular scrutiny.

Code:
Source: https://www.ccn.com/twitter-ceo-promises-crack-cryptocurrency-scams/
11  Local / Bitcoin Haberleri / Avustralya’dan Bitcoin Vergilerine Sıkı Takip on: March 03, 2018, 11:46:17 PM
Avustralya Vergi Ofisinden (ATO) kripto para yatırımcılarına rahat yok.. Business Insider Avustralya’nın haberine göre ATO tüm kripto para yatırımcılarının vergilerini eksiksiz ödemesi için denetimlerini sıklaştıracak.
ATO kripto para yatırımcılarını, ikili vergi anlaşmalarını ve kara para aklamayı önleme yükümlülüklerini iki farklı yöntemle takip ve tahkik edecek. Bu yöntemlerin ilki Avustralya’ya özgü, dolandırıcılıklarla savaşmak için geliştirilen kimlik belirleme sistemi. Diğeri ise veri eşleştirmesi. Ofisin bir diğer planı, doğası gereği anonim kripto piyasasına dair “daha fazla bilgi edinmek.”

Ulusal Vergi İrtibat Grubu üyesi Paul Drum ofisin bu hamlesinin bir “dönüm noktası” niteliğinde olduğunu vurguluyor.

Quote
“Bitcoin ve diğer kripto paralar artık eskiden olduğu gibi anonim kalamaz. Ofisin kararıyla birlikte insanlar sonsuza dek blockchain teknolojisinin arkasına saklanamayacaklarını ve vergiden yırtamayacaklarını anlamalı.”

Avustralya Mayıs 2017’de bitcoin’in para olduğuna hükmederek uygulanan çifte vergiyi kaldıracağını açıklamıştı. Eylül ayında yürürlüğe giren yasayla birlikte çifte vergi kaldırıldı ve bitcoin itibari paralarla aynı kategoride görülmeye başladı.

Ancak Ocak ayında ATO’nun devreye girmesi kafaları karıştırdı. Vergi ödeme yükümlülüğünü yerine getirmeyen kişilere karşı sıkı önlemler alınacağı uyarısında bulunan ATO, geçtiğimiz ay kripto paraların “mülk” olarak sınıflandırıldığı için sermaye kazançları vergisine tabi tutulmaları gerektiğini açıkladı.

Öte yandan bitcoin vergileri konusunda ülkelerin farklı politikalar benimsediği göze çarpıyor. Örneğin ABD kripto paraları 2014’ten beri “mülk” statüsünde değerlendirip vergilendiriyor. Ancak yapılan araştırmalar kullanıcıların yalnızca %0.4’ünün vergi bildiriminde bulunduğunu ortaya koydu. Almanya’da ise geçtiğimiz günlerde sıcak bir gelişme yaşandı. Alman Ekonomi Bakanlığının yeni yayınladığı kılavuzda bitcoin’in ödeme yöntemi olarak kullanılması halinde vergiden muaf olacağı belirtiliyor.

https://coin-turk.com/avustralyadan-bitcoin-vergilerine-siki-takip
12  Local / Alternatif Kripto-Paralar / Coincheck’ten Hack’lenen NEM Token’lerinin İzi Bulundu on: March 03, 2018, 11:44:40 PM
Blockchain Intelligence Group (BIG) 1 Mart tarihli basın bildirisinde Coincheck’ten hack’lenerek çalınan 534 milyon dolar değerinde NEM tokeni’nin bir kısmının BIG araştırmacıları tarafından tespit edildiğini açıkladı. Vancouver menşeili Coincheck 26 Ocak’ta hack’lenmişti.
Aynı zamanda Japonya Komünist Partisi Merkez Komitesi gazetesi hack’lenen 24 milyon NEM token’inin şu anda Japon kripto para borsası Zaif’te bulunduğunu rapor etti. Gazeteye göre Zaif Japonya Finansal Hizmetler Kurumu’na bağlı olduğundan yasa dışı eylemlerde bulunanların kimliklerini açıklama zorunluluğu bulunuyor. Zaif yöneticileri konu hakkında henüz bir açıklama yapmadı.

Çalınan NEM token’leri NEM geliştirme ekibinin yeni etiketleme sistemi sayesinde takip edilebiliyor. Etiketlenmiş değerlere sahip bir hesap borsada kolayca fark edilebiliyor. Hacker’ın cüzdanları hesabın bir hacker’a ait olduğunu ve çalıntı değerler bulundurduğuna dair bir ileti taşıyor. Bu sayede hacker’lar çaldıkları token’leri diğer kripto paralara dönüştüremiyorlar.

Ancak BIG’e göre hacker’lar çaldıkları NEM’i Vancouver borsasından Japonya’ya geri gönderiyorlar. Çalınan NEM’lerin bulunduğu 11 cüzdandan 6’sının küçük miktarda coin’leri Japonya’ya gönderdiği belirlendi. Japonya’daki alıcının hangi borsa olduğu ve toplamda gönderilen coin miktarı henüz açıklanmadı.

Hacker’ların diğer 5 cüzdanından Japonya borsalarına büyük miktarlar aktarıldı. 1 Mart boyunca 5, 10 ve 20 milyon dolarlık parçalar halinde 300 bin NEM aktardılar.

BIG’in kurucu ve yöneticisi Shone Anstey Bloomberg’e yaptığı açıklamada şöyle konuştu:

Quote
‘’Araştırmacılarımız yüklü miktarda işlemler yapan hesaplar tespit etti ve takibe aldı. Kapı kapanmadan gönderebildikleri kadar göndermeye çalışıyorlar. Henüz gönderemedikleri miktar çok fazla.’’

BIG kendini blockchain teknolojileri geliştiricisi ve veri analizleri yapan bir kurum olarak tanımlıyor. Araştırma sonuçlarını ve topladığı verileri Kanada ve ABD’ye gönderiyor.

https://coin-turk.com/coincheckten-hacklenen-nem-tokenlerinin-izi-bulundu
Pages: [1]
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!