Last of the V8s
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Be a bank
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April 27, 2019, 11:16:05 AM |
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Hueristic
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Doomed to see the future and unable to prevent it
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April 27, 2019, 11:39:59 AM |
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People said telegram There's rumour of India banning crypto. Hope this is fake news.
Hundreds of democratic countries allow crypto.
As an Indian, I use crypto & I'm not a criminal. Plz listen to the people.
RT this, we need to stay united!
#IndiaWantsCrypto Did anyone confirm the news? Another news https://easypaidbd.com cryptocurrency buy and sell site Bangladesh this site shut down by Cyber Police. this day a sad day for Bangladeshi Bitcoin lover. India The government of India stated in early 2018 that cryptocurrencies such as bitcoin are not legal tender in India. While the government has not yet enacted a regulatory framework for cryptocurrencies, the Reserve Bank of India (RBI) has advised caution on their use and has issued three notifications that “cautioned users, holders and traders on the risk of these currencies and clarified that it has not given any licence or authorisation to any entity or company to operate such schemes or deals.” Most recently, on April 6, 2018, the RBI issued a notification prohibiting banks, lenders and other regulated financial institutions from “dealing with virtual currencies,” which stipulated that “ n view of the associated risks, it has been decided that, with immediate effect, entities regulated by the Reserve Bank shall not deal in VCs or provide services for facilitating any person or entity in dealing with or settling VCs. Such services include maintaining accounts, registering, trading, settling, clearing, giving loans against virtual tokens, accepting them as collateral, opening accounts of exchanges dealing with them and transfer / receipt of money in accounts relating to purchase/ sale of VCs.” Moreover, the RBI stated that “[r]egulated entities which already provide such services shall exit the relationship within three months from the date of this circular.” However, Deputy Governor B.P. Kanungo, in a policy press conference, did “recognize that the blockchain technology or the distributed ledger technology that lies beneath the virtual currencies has potential benefits for financial inclusion and enhancing the efficiency of the financial system” and stated that the RBI has “constituted an inter-departmental committee in Reserve Bank of India who will produce a report and they will explore the feasibility and desirability of issuing a digital currency by the central bank.
Regulation of Cryptocurrency Around the World
Thanks for putting the reference link but when you lift entire texts of that material please place them in quotes so we do not mistakenly think you wrote that yourself. BTW, whats with all the misspellings? I guess does not have spell checking ability nor an editor.
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Hueristic
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April 27, 2019, 11:46:40 AM |
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Maybe they need more time to figure out how to use them to keep depressing the price while they still have control.
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Hueristic
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April 27, 2019, 12:01:14 PM |
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Recently shared this information in Russian locale. I will share with you. An interesting visualization has been published on Twitter of the cryptocurrency data analytics platform DataLight, which demonstrates the change in the capitalization of the top 10 cryptocurrencies in an accelerated mode (from 2013 to 2019). I think that many users will be interested to watch the 6-year changes after spending only 1.5 minutes.
Just today I saw that they presented us with a new analytical tool. I did not notice how the hour passed while I was getting acquainted with this tool. I like this tool, but I don't like the sources. Is there a way to change them? I'm not making decisions on Bitfinex. Also there are a lot of filters that sources are not cited.
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Hueristic
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April 27, 2019, 12:10:00 PM |
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And don't forget Circle is 0wned by Goldmann Ballsacks.
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Hueristic
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April 27, 2019, 12:12:29 PM |
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Finex showing $6.746MM in 30 day volume, assuming 0,2% fee that $13,5MM they make in fees each month. And that doesn't include money they make on lending or interest on their stash. Tether market cap is $2.847MM NY OAG claims they lost $850MM (of their own and clients money) so 30% of all Tether max, i'm sure they'll survive *unless more shit comes up
Hmm... I don't think their liquidity will be doing well - looking at the price increase, people are dumping Tether to buy BTC and presumably trying to get out. Also - not all clients will be paying 0.2% - so income may be lower and expenses are not zero, either. Filling a hole of many hundreds of millions cannot be done without years of all that income going into replace 'lost' capital. As GentlemanD said, the irony is Tether WAS backed up until they lost this large chunk of funds. However, getting any new banking partner now will be nigh-on impossible. Finex are in deep shit and probably in a total spin. Maybe a death spiral. Since they are (basically) profitable, I would think their best bet might be to try to find someone to buy 'em who does have banking sorted out and can float capital in to save the day. But who they gonna call..? Only a couple of candidates exist - and they might think the brand is too toxic. Even at a sale price of $1, which is the likely price for Finex with a hole in the hundreds of millions of USD and a legal case on their back. A bank could do it, but even if it makes financial sense, I can't see them risking running a crypto exchange. Coinbase? Anyone else...? With fast action needed and no time to do proper due diligence? Doubt it. First, Finex need to keep their customers to survive for long enough to find a solution. The chances of doing this with the run for the door already well underway is slim and all the Tethers coming back for redemption won't help. But it's their only hope. The Irony is that it was TPTB blocking them from reputable institutions to hold their reserves is what forced them to deal with a scam bank that ripped them off. Almost like it was a plan. ADDED: Shit can't catch up today, gotta check out and I'm hitting the hottub rather than read this thread! The irony of that Finex makes even more money on higher volumes. If maker and taker both trade under $500k/m Finex's fees are 0,3% in fact both sides must trade over $10MM/m for Finex's fees to drop to 0,18% so i think 0,2% is a pretty conservative estimate and the average is probably closer to 0,25% (both sides volume is under $2,5MM/m). As long as they have the rest of the money they can cash out Tethers at a discount reducing their liability. I'm also having a hard time believing that a bank lost all of $850MM, you don't fuck with USD without the whole board going to jail. Everyone knew that tether was a ticking time bomb and just a vehicle for gamblers to pump shitcoins by reducing friction of transfering in USD. That's why you see shitcoins dumping more than BTC. Finex should've invested in opening their own legit crypto friendly bank instead of killing the golden goose with tether. Oh well, still over $5k BTC holders are not affected, both tether holders and shitcoins holders will run for safety of BTC, just more negative publicity. ++WO Well said.
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Hueristic
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April 27, 2019, 12:33:26 PM |
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things keep on keeping on I don't understand this, So If you hold USDT on POLO then you receive UDST-Tron as an Additional Airdrop?
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Hueristic
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April 27, 2019, 12:41:45 PM |
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How come so many poor people here?
drugs Long@20k?
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Hueristic
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April 27, 2019, 12:43:26 PM |
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Okay. I've come up with an enhanced red paint design in line with a cat themed avatar hat but what I lack are the persuasive powers of Mr. MicG. Best I can do is say: " Lauda, will you please use this hat to increase the differentiation between JauJuanGee's hatvatar and your own?" Avatar-sized Tough crowd today! edit: oops... accidental imgur deletion - had to repost. MasterPiece! Where mine has been living in storage
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Hueristic
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April 27, 2019, 12:51:34 PM |
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^ The funds have not been lost, they have only been seized!!!
Yeah, absolutely nothing to worry.
Not your keys.
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Hueristic
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April 27, 2019, 12:55:05 PM |
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Not only for Westerners but for locals too and India is missing in that list. last year one American killed by Indian primitive tribe. he was here for preaching gospel.
yeah we don't claim that retard That's called Darwinism. I wonder if he got the Darwin award? ~edited~ No, he got couple of arrow in the neck and chest, no one able to recovered his body in the end, here are more details Nice, a Martyr! Maybe m0ar religious fucking Zealots will follow him. Is there a fund raiser to help them on their way to saving those poor backward godless heathens? Love the movie. I had no clue they made a movie! I'll be watching that now. And it looks like the voting is ongoing so get your vote in! https://darwinawards.com/darwin/darwin2018-13.html
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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April 27, 2019, 01:23:59 PM |
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We know how these things go, sometimes, - meaning that they do not happen. In other words, I did not see a launch date described in the article.
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Retina
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April 27, 2019, 01:33:45 PM |
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BTC going dump slowly dump up to $5150 range then go back up $5600+ recovery some ALTcoin.
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Lambie Slayer
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April 27, 2019, 01:40:16 PM |
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I find the timing suspicious. I wouldnt be surprised if TDAmeritrade influenced TPTB to go after Bitfinex to help free up some new customers for their big launch. Long term it will be great to get rid of Bitfinex, but short term, lets be real, this is gonna suck for price for the next few weeks or month.
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Cryptotourist
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April 27, 2019, 02:21:12 PM |
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^. xhomerx10 dude, could you please make a bloody hyena lamb chop slayer hat for my buddy? He's a little shy.
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xhomerx10
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April 27, 2019, 02:35:46 PM |
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^. xhomerx10 dude, could you please make a bloody hyena lamb chop slayer hat for my buddy? He's a little shy. I don't know, that avatar makes me a little queasy. Maybe I can do one blindfolded.
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El duderino_
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BTC + Crossfit, living life.
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April 27, 2019, 02:38:38 PM |
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sorry guysIts saturday, and have some good prospects, involving some fine b00z, GF-dinner etc.... SOHave a good and fun Saturday WO-gents (take time to enjoy life and to be less serious sometimes )
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El duderino_
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BTC + Crossfit, living life.
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April 27, 2019, 02:39:17 PM |
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^. xhomerx10 dude, could you please make a bloody hyena lamb chop slayer hat for my buddy? He's a little shy. I don't know, that avatar makes me a little queasy. Maybe I can do one blindfolded. I just have the question, what can't you do??
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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April 27, 2019, 02:42:36 PM |
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Uh oh, looks like r0ach was right again! https://www.reddit.com/r/Bitcoin/comments/bha10i/bitcoins_from_the_bitfinex_hack_2016_moved_today/If I was right about Bitfinex being an inside job, you better brace for impact about my other observation that the entire bitcoin price has been controlled by a single entity operating on Bitfinex through fraud all the way from $200 to $20,000. And that fraud was pushing the price UPWARDS the vast majority of the time. What's the price when the artificial upwards manipulation is removed? Roach doesn't seem to know shit, even though he tends to present his fantasy world with proper grammar.
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JayJuanGee
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April 27, 2019, 02:48:43 PM Last edit: April 27, 2019, 02:59:18 PM by JayJuanGee |
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How come so many poor people here?
drugs Long@20k? Long at $20k is a dumb explanation. No one with any brains is long at $20k for 16 months without, at minimum, making some additional buys to bring down their average cost per BTC. In other words, it should be quite difficult to sympathize with anyone who made that kind of dumb gambling move to buy at $20k and to sit on it without having further plans and action in the 16 months. Edit: By the way, you raised a bit of a different point, Hueristic, so we are deviating from the original point that I was attempting to make. I went back to my original post, linked above, and for context, that post was questioning how it seems that so many people involved in such a greatly performing asset class, such as bitcoin, since 2013 are "poor."
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