|
Everyone in the crypto space needs to get into the habit of bookmarking the url of their exchanges and online wallets.
Don't google for the exchange you'll be presented with phishing sites in the search results. And don't click on links in emails. Just use your bookmarks and you will be safe.
|
|
|
|
|
I got into Steem back in 2016 when each Steem was 7 cents. That's been my best investment to date.
I think where most people go wrong is that they invest in cookie cutter ICOs which have nothing unique about them. You should be looking for something that is not just unique, but has a market in the crypto world.
|
|
|
|
Lots of remittance companies use Stellar. Here is the latest: https://coinjournal.net/zed-network-eyes-us600m-remittance-market-stellar-powered-payments-platform/Canadian startup ZED Network is looking to launch a new blockchain-powered global payments platform that promises to enable faster and cheaper remittances services.
The platform-as-a-service (PaaS) offering will be built on the Stellar distributed network with connectivity to bitcoin and ether as methods of payment. It intends to provide money transfer operators with an integrated suite of remittance products including a digital wallet, web app, mobile app, facility to exchange multiple currency pairs, and a back office with analytics and reporting tools for compliance and monitoring.
The ZED platform will be targeted at smaller, non-bank money transfer operators around the world, which the company claims, cannot compete against global leaders such as Western Union and MoneyGram due to technological and banking limitations. |
|
|
|
Is there any cryptocurrencies other than BTC and XMR that people are actually using?
Sure. The most popular currency for actual use is Ethereum. They had 704,590 transactions in the last 24 hours. Bitcoin only had 169,048 transactions. Bitcoin is going backwards in terms of adoption and use, but Ethereum is going from strength to strength. |
|
|
|
Whether one should invest in bitcoin or not depends on whether you think Bitcoin will become a long-term trusted store of value.
If it does become a long-term trusted store of value, BTC should trade around $2,000,000 a coin (depending on how many coins are lost and are actually in circulation). That is over 100x the price of where BTC is today.
If BTC does not become a long-term trusted store of value, its likely price will be close to zero (unless it becomes a "cool" collectible... which is a possibility).
So if you think BTC has a 10% chance of becoming a long-term trusted store of value, it is a good investment with a nice expected return. It is still very risky but professional investors should invest some small portion of their portfolio in this case.
You are assuming that only one cryptocurrency will become a store of value. I think it might be two or three. If you look at the world at the moment, even with all their military might and powerful economy the dollar is not the single store of value, there are several "big" currencies, and I would argue that the Swiss franc offers more stability in times of trouble (500 year democracy, no wars in that time, good government, very low inflation). There will be a "swiss-franc" like coin that emerges that doesn't have bitcoin's downsides (bitcoin is controlled by a small cabal). |
|
|
|
|
You will still see some "pure" decentralised exchanges that just trade alts. They are essentially trading "tokens" not money.
But exchanges that trade against fiat, and which receive and send fiat to and from customer bank accounts, will all end up regulated. Which is fair enough - countries like to regulate their own currencies.
|
|
|
|
|
Some of the really big American online casinos have started accepting bitcoin and other cryptocurrencies because the credit card companies tend to block deposits to casinos.
In the early days (2011 - 2013) people gambled quite a lot with bitcoin. These days they hoard their bitcoin and gamble with litecoin or doge as they arn't psychologically afraid to lose those coins.
|
|
|
|
Previously, when there were some economic turbulence, some investors turned to Bitcoin as a store of value or a Safe haven, but it seems as though the table has turned and Gold prices jumped to a 14-Month High.
Gold Prices Today Per Ounce :
Today
Per Ounce $1,326.90
Per Gram $42.66
Per Kilo $42,660.79
Bitcoin price : $7400
What explanation do we have for that?
Seeing as the price today is $11,300, if you got into bitcoin on 7th Feb as a hedge against the markets, you have done spectacularly well! |
|
|
|
https://www.cnbc.com/2018/03/01/cryptocurrency-candidates-politicians-embrace-bitcoin.htmlBitcoin is making waves in campaign finance. More and more candidates are turning to the cryptocurrency to help fund their campaigns — and with good reason.
Despite its dramatic rise and fall, bitcoin has surged in popularity this year, and many politicians are now looking to get a piece of the digital currency.
Republican Andrew Hemingway started the trend in 2014. Hemingway was introduced to bitcoin as a tech entrepreneur. At 32, he became the youngest gubernatorial candidate in New Hampshire history — and the first to accept bitcoin contributions.
Hemingway, who also ran Newt Gingrich's New Hampshire presidential campaign in 2012, says he started accepting bitcoin because there was a demand. Many of his own supporters were requesting to make contributions in bitcoin. About 20 percent of Hemingway's total political contributions came from bitcoins.
Though Hemingway ended up losing his bid for governor, a long line of politicians have followed in his footsteps. Take for instance, Austin Petersen from Missouri. His Senate campaign has received 24 bitcoin contributions this year. This included a bitcoin contribution worth $4,500. According to the Federal Election Commission's records, this marks the largest cryptocontribution in federal election history.
New York Democrat Patrick Nelson, who is running for Congress, is also accepting contributions through bitcoin payment service provider Bitpay.
Other candidates accepting bitcoin include Democratic congressional hopeful Brian Forde of California and Republican Kelli Ward, who is vying for one of Arizona's Senate seats.
The FEC approved bitcoin contributions in 2014, ruling they should be treated as "in-kind donations."
|
|
|
|
|
Bitcoin is range trading on very thin volume. There is no big news to force it back into a bull phase. Perhaps a bloodbath in the stock market later this year when interest rates rise might do it - but for the moment, we appear to be stuck.
|
|
|
|
Does a coin or coins also die or disappears? How will it happen?
As long as a coin is a) mined and b) on an exchange, it can never die. And there are lots of exchanges that list obscure coins simply because traders and pumper dumpers like them. |
|
|
|
|
Gibraltar runs a lot of online gambling sites, and many of those sites are interested in enabling bitcoin and other cryptocurencies - from their point of view it's safer than credit cards. So it makes sense that Gibraltar would legalise crypto, so their online casinos can easily bank and sell coins.
|
|
|
|
https://news.bitcoin.com/two-indian-token-marketplaces-suspend-trading-regulatory-pressure/Two Indian crypto token marketplaces, Btcxindia and Ethexindia, have announced that they will “halt cryptocurrency trading from March 5,” the Economic Times reported
Btcxindia, which began as one of India’s oldest bitcoin exchanges, has been operating for four years. Ethexindia is “India’s first ether exchange,” according to its website. Both marketplaces are managed by S Capital Solutions Pvt Ltd. Other than these two platforms, S Capital also has a 12% equity stake in Crypt E Tech Solution, the company behind bitcoin payment service provider Blockonomics.
They have announced that they will halt trading from March 5. The platforms state that this is due to regulatory pressure which put their businesses “under a lot of stress.”
|
|
|
|
Some more info on Coincheck: https://coinjournal.net/japanese-cryptocurrency-exchanges-set-self-regulatory-body/Immediately following the hack, Japan’s FSA issued a business improvement order to Coincheck and ordered the company to submit a report on the hack, including measures that would be taken to prevent a reoccurrence. The FSA also conducted an on-site inspection of the exchange to ensure that users’ funds were properly safeguarded.
On February 13th, when Coincheck re-enabled yen withdrawals, a total of 40.1 billion yen ($373 million) were withdrawn from the exchange in just 24 hours.
Coincheck has promised to reimburse its customers affected by the hack, however, the company has not yet stated how or when it will do so. Coincheck’s COO, Yusuke Otsuka, said in a press conference, “We have the funds, but we are making individual checks so there are no problems (with repayments).” Given the size of the hack, and the drastic capital flight off of the exchange, doubts abound about the company’s ability to repay its affected users in a timely manner. |
|
|
|
Fundstrat's Tom Lee expects the cryptocurrency market to recover, helped by historical trends and crypto-tied announcements by major firms.
~Wall Street's Tom Lee
Which "major firms"? It just sounds very vague. Who does he believe is going to put money into bitcoin, and why haven't they done it already (when the price was below $9000)? |
|
|
|
|
But how would they know if someone was using it as a payment or for speculation? Do people have to keep receipts to prove they spent bitcoin as a payment for something?
If I were German I'd claim it was all payments and therefore not be eligible for any taxes on bitcoin at all...
|
|
|
|
Many representatives express their views on the block chain technology, which is a positive signal for the development of the world blockchain.
You can't have a blockchain without a coin, and China has banned bitcoin and all cryptocurrencies. So I'm afraid all their talk of "blockchain" is just buzzword bingo, to try to make themselves look like they are current. |
|
|
|
https://www.reuters.com/article/us-mexico-fintech/mexico-financial-technology-law-passes-final-hurdle-in-congress-idUSKCN1GD6KXMEXICO CITY (Reuters) - Mexico’s lower house of Congress approved a bill to regulate the fast-growing financial technology sector on Thursday, including crowdfunding and cryptocurrency firms, putting it among a small group of countries to establish regulation for the industry.
The bill, which seeks to promote financial stability and prevent money laundering, was approved by Mexico’s Senate in December and now awaits President Enrique Pena Nieto’s signature.
Regulators will soon begin crafting so-called secondary laws, which will determine key details for companies in the sector.
The law will give fintech companies greater regulatory certainty around issues such as crowdfunding, payment methods and rules surrounding cryptocurrencies such as bitcoin.
|
|
|
|
|
Show Posts
