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  South Korea to Support 'Normal' Crypto Trading, Says Finance Watchdog
Posted by: admin - 32 minutes ago - Forum: News From Cryptocurrency Market - No Replies

South Korea appears to be softening its stance on cryptocurrency trading.
According to Yonhap News, Choe Heung-sik, governor of the Financial Supervisory Service, has said the government "will support [cryptocurrency trading] if normal transactions are made."
At a meeting with representatives from cryptocurrency exchanges, Choe also said the government will "encourage" banks to work with cryptocurrency exchanges, the report states.
While brief, the statements will likely be seen positively by South Korea's crypto community, as well as world markets, since the option to outright ban cryptocurrency exchanges had been mulled by regulators as one way to calm the country's heated cryptocurrency market and counter money-laundering.
After the news broke that South Korea might "ban or suppress" cryptocurrency trading, prices of cryptocurrencies including bitcoin dropped sharply in mid January. Soon after, the country's finance minister moved to calm the markets stressing that regulating exchanges is the government's "immediate task," though he did not rule out a future ban.
The statement also comes soon after the country has moved to restrict the market in other ways.
A ban on anonymous trading took effect on Jan. 30, after which cryptocurrency transactions must be conducted via accounts attached to users' identities. People flouting the ruling now face penalties if caught.
South Korea has since revealed that it is considering adopting a system similar to New York's "BitLicense" for the regulation of cryptocurrency exchanges.
According to BusinessKorea, a government official involved with a virtual currency task force said Feb. 13: "We are positively considering the adoption of an exchange approval system as the additional regulation on cryptocurrencies. We are most likely benchmark the model of the State of New York that gives a selective permission [for exchange operations]."

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  Crypto Regulation? Not Anytime Soon, Says White House Official
Posted by: admin - 02-19-2018, 10:03 AM - Forum: News From Cryptocurrency Market - No Replies

A White House official said Friday that legislation around cryptocurrencies is unlikely to materialize anytime soon.
Speaking with CNBC at the Munich Security Conference, White House cybersecurity coordinator and special assistant to the president Rob Royce offered the dour assessment amidst a recent flurry of discussion on cryptocurrency regulation, which is playing out between Senate hearings, enforcement actions and public op-eds.
"I think we're still absolutely studying and understanding what the good ideas and bad ideas in that space are. So I don't think it's close," Joyce told the network.
Echoing previous comments from U.S. Treasury Secretary Steve Mnuchin, Joyce said that his more immediate concern was with the criminal usage of bitcoin. He emphasized that he considered the irreversibility of bitcoin transactions - a characteristic of the how the network functions - to be troubling.
"We are worried. There are benefits to the bitcoin concept - digital cash, digital currencies," he said. "But at the same time, if you look at the way bitcoin works after there is a criminal act that takes place, you can't rewind the clock and take back that currency."
"We haven't figured that out yet," he added, "so it's a problem."
One U.S. Treasury official called on the international community to help take action against cybersecurity threats in a speech earlier this week, and asserted that a globally coordinated effort is the only way to prevent "rogue regimes" and terrorists from exploiting the pseudonymity bitcoin provides to engage in illicit activities.
World leaders largely concur on this point, including Christine Lagarde of the International Monetary Fund (IMF), who said in a recent interview that the IMF is actively trying to prevent unlawful use of cryptocurrency and supports internationally-coordinated regulation.

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  Assassins
Posted by: johnsmith121617 - 02-19-2018, 09:59 AM - Forum: InvestorsCare - Lounge - No Replies

Desmond Miles is a barkeep who is a relative of a few lines of noticeable Assassins; however raised as an Assassin, he cleared out his roaming family to search out a more typical way of life.

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  CFTC Joins SEC In Warning Against Crypto Pump-and-Dumps
Posted by: admin - 02-17-2018, 03:02 AM - Forum: News From Cryptocurrency Market - No Replies

The Commodity Futures Trading Commission (CFTC) on Thursday issued a warning about cryptocurrency pump-and-dump schemes.
The release, published Thursday, marks the latest investor warning from the U.S. commodities and derivatives regulator. Earlier this month, the agency put out an advisory that urged caution around investing in cryptocurrency retirement accounts.
Other regulators, namely the Securities and Exchange Commission, have also sounded the alarm on pump-and-dump schemes, particularly around initial coin offerings (ICOs).
The latest advisory focuses in part on a key avenue for cryptocurrency promotion: social media. It's a notable topic, given that major platforms such as Facebook have moved to ban advertisements for cryptocurrencies and ICOs amid a spate of such marketing pushes.
In its statement, the agency said that investors should do their research before potentially buying a cryptocurrency.
"Customers should not purchase virtual currencies, digital coins, or tokens based on social media tips or sudden price spikes. Thoroughly research virtual currencies, digital coins, tokens, and the companies or entities behind them in order to separate hype from facts," it wrote.
Describing the environment as "old scam, new technology," the CFTC warned that "same basic fraud is now occurring using little known virtual currencies and digital coins or tokens."
The agency also detailed some of the methods by which the pump groups manipulate members to drive prices - often to the benefit of the organizers themselves.
The CFTC wrote:

Quote:"Some pump and dumps use false news reports, typically about a famous high-tech business leader or investor who plans to pour millions of dollars into a small, lesser known virtual currency or coin. Other fake news stories have featured major retailers, banks, or credit card companies, announcing plans to partner with one virtual currency or another. Links to the phony stories are also accompanied by posts that create false urgency and tell readers to buy now."
The CFTC also hinted that it could seek enforcement actions against those who organize such groups.
"While its regulatory oversight authority over commodity cash markets is limited, the CFTC maintains general anti-fraud and manipulation enforcement authority over virtual currency cash markets as a commodity in interstate commerce."

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  Coinbase Cuts Off New Credit Cards for US Customers
Posted by: admin - 02-14-2018, 01:47 PM - Forum: News From Cryptocurrency Market - No Replies

Cryptocurrency startup Coinbase said Tuesday that its U.S.-based users won't be able to add new credit cards as a payment option.
Making the announcement through its official blog post on Feb. 13, Coinbase said the platform currently is unable to offer a smooth credit card purchase experience. As a result, it has "disabled adding new credit cards as a payment method for U.S. customers."
The move is a follow-up to the platform's previous confirmation that credit cards issued by four U.S. banks are barred from being used to buy cryptocurrencies. Coinbase said, however, that debit cards remain as a payment option.
"We know many customers have added credit cards as their primary payment method; we did not make this decision lightly," the company said in the post. "We are actively working with card networks and card issuers to find a long term solution. For customers in the UK, EU, Canada, Australia and Singapore, we are collecting feedback and evaluating similar changes."
In addition, the platform said users who have already linked credit cards to the Coinbase platform can continue using them "so long as your bank allows them."
As reported previously, at least four banks in the U.S. – JPMorgan Chase, Bank of America, Citi and Capital One – have barred credit card holders from making purchases on the exchange.
Other banks have moved more broadly to impose such impositions. Australia's Commonwealth Bank announced Wednesday that it will block credit card purchasing on cryptocurrencies, and the U.K.-based Lloyds Banking Group has also previously issued the same policy for several of its subsidiary banks.

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  Hackers hijack government websites to mine crypto-cash
Posted by: admin - 02-12-2018, 07:30 PM - Forum: News From Cryptocurrency Market - No Replies

The Information Commissioner's Office (ICO) took down its website after a warning that hackers were taking control of visitors' computers to mine cryptocurrency.
Security researcher Scott Helme said more than 4,000 websites, including many government ones, were affected.
He said the affected code had now been disabled and visitors were no longer at risk.
The ICO said: "We are aware of the issue and are working to resolve it."
Mr Helme said he was alerted by a friend who had received a malware warning when he visited the ICO website.
Bitcoin rival
He traced the problem to a website plug-in called Browsealoud, used to help blind and partially sighted people access the web.
Texthelp, the company which makes the plug-in, confirmed that the product was affected for four hours by malicious code designed to generate cryptocurrency.
The cryptocurrency involved was Monero - a rival to Bitcoin that is designed to make transactions in it "untraceable" back to the senders and recipients involved.
The plug-in had been tampered with to add a program, Coinhive, which "mines" for Monero by running processor-intensive calculations on visitors' computers.
Once the plug-in was infected, it affected thousands of other websites in addition to the ICO's, which used it.

Analysis
Image copyright Vichai Image caption Generating crypto-currencies involves lots of computer hardware
By Rory Cellan-Jones, BBC technology correspondent
The surge in value of Bitcoin and other cryptocurrencies hasn't escaped the attention of hackers looking to make a quick buck.
Mining, the process where new digital coins are created by solving complex mathematical problems, uses increasing amounts of computer processing power and that means big electricity bills.
All the better then if you can get other people's computers to do the job. The hackers do this by inserting software into websites which then means that, unbeknown to them, visitors' computers are put to work mining cryptocurrencies.
It seems that the Information Commissioner's site along with others run by the government were infected by crypto-mining code injected into some accessibility software they all use.
This kind of attack is becoming increasingly common and while it appears not to cause data loss or damage to systems, it does mean computers can run much more slowly.

'Serious breach'
Mr Helme said: "It's a very lucrative proposal. They infect one website and it infects close to 5,000.
"This was a very serious breach. They could have extracted personal data, stolen information or installed malware. It was only limited by the hackers' imaginations."
As well as the ICO website, the hacked script was found running on the site of the Student Loans Company, Barnsley Hospital and other websites in the UK and worldwide.
Martin McKay, chief technical officer of TextHelp, said: "In light of other recent cyber-attacks all over the world, we have been preparing for such an incident for the last year and our data security action plan was actioned straight away."
The company is commissioning a security review by an independent consultancy following the attack, he said.
Because the malware only runs while someone is actively visiting an infected site, there is no further risk to users' computers, Mr Helme added.
A National Cyber Security Centre spokesman said: "NCSC technical experts are examining data involving incidents of malware being used to illegally mine cryptocurrency.
"The affected service has been taken offline, largely mitigating the issue. Government websites continue to operate securely.
"At this stage there is nothing to suggest that members of the public are at risk."

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  Venezuela Found Foreign Investors for Petro Cryptocurrency Pre-Sale Starting This Mon
Posted by: admin - 02-09-2018, 07:37 PM - Forum: News From Cryptocurrency Market - No Replies

Venezuela says it has found a number of foreign investors for the pre-sale of its “oil-backed” national cryptocurrency, the petro. Starting this month, Venezuela is expected to pay companies from Brazil, Poland, Dinamarca, Honduras, Norway, Vietnam, and other nations for food and medicine imports with the petro.
Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies
Prepping for Petro Pre-Sale
Venezuela is preparing for the sale of its “oil-backed” cryptocurrency, the petro. A total of 100 million coins will be issued in total, 82.4 million of which will be offered to the market in two stages: a private pre-sale and an initial coin offering (ICO).
The pre-sale starts on February 20 at 8:30 am Venezuela time (-04:00 UTC), where 38.4 million petro ERC-20 tokens will be placed for sale. The petro whitepaper explains:

Quote:
Quote:During the process, degressive discounts will be applied to stimulate early investment.
[Image: pero-logo-300x296.png]Pre-sale tokens “will not be part of the Petro network until it is redeemed or ‘burned’ during the initial offer process,” which starts on March 20. They “may be exchanged for petro [coins] at any time between the launch date and the closing of the initial offer,” the whitepaper clarifies. The petro will be divisible by 100,000,000 units. For the ICO, 44 million coins will be available.
The Superintendency of Cryptocurrencies, headed by Carlos Vargas, and the Blockchain Observatory will oversee the function of the petro.
Venezuela Found Some Early Investors
The Venezuelan Minister of Foreign Trade, José Vielma Mora, announced on Tuesday that Venezuela will pay for imports to Brazil using the petro cryptocurrency. The Venezuelan Ministry of Popular Power for Communication and Information announced:
Quote:
Quote:A group of Brazilian companies have agreed to receive payment for the sale of food to Venezuela, through petro, starting on February 20, when the pre-sale of the cryptocurrency [begins].
[Image: superintendencia-talking-about-petro-282x300.png]Carlos Vargas presenting the petro.
Telesur TV quoted Mora describing a “group of Brazilian business people who wished to invest US$300 million in Venezuela,” starting with $100 million. The minister further noted, “Poland, Dinamarca, Honduras, Norway, Vietnam among others also expressed interest in exporting goods to Venezuela like food and medicine for a total amount of $435 million, while receiving payment in Venezuela’s new cryptocurrency.”
In addition to other Asian nations, Mora added that a Canadian trade chamber also plans to trade with Venezuela and accepting the petro in exchange for “pharmaceuticals for humans and animals,” the news outlet conveyed.

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  Easy Cash Money - Long Term Vision
Posted by: admin - 02-08-2018, 01:43 AM - Forum: Reviews - No Replies

Security

- SSL Certificate (SSL)

Evaluation: 3/5

Design

- Very good design template and members area

Evaluation: 4/5

Investment Plans

3 investment plans are present:

0.1% - 2% Daily for Lifetime, 2% - 5% Daily for 365 days and 5% Daily for 365 daysThe 1st plan with a minimum deposit of $10 is the most acceptable for the majority of the investors due to the minimum amount of deposit needed. This plan offers a low return with a lifetime maturity. The 2nd plan with a minimum deposit of $1000 offers a higher return, with BEP (RETURN OF THE INVESTMENT) after 50 days for a a 2% daily return, even so a long time to get back the principal . The 3rd plan with a minimum deposit of $2000 offers a 5% daily return, in this last plan, BEP (the return of investment) can be achieved after 20 days, which is quite a very short term compared with the first 2 plans. In theory, this 3rd plan is the most attractive due to the % of daily earning and the time to recover the capital, which is quite short. However, due to the high minimum amount of investment needed, I don´t think will be playable for the majority of the investors. 

So, the Long Term concept, is well present in the investment plans offers. 

The payouts are made in manual mode.

Evaluation: 3/5

Features

- Custom Script

- Company Registerd

Evaluation: 3/5

Social Networks

- Maybe the weaker point. No mention to social networks in template
.

Evaluation: 3/5

In conclusion, I give to this program a Evaluation of 3.2 out of 5.

Remember, invest all you can afford to lose!

You can join here:

[Image: ecash.jpg]

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  SEC Chief Clayton: 'Every ICO I've Seen Is a Security'
Posted by: admin - 02-07-2018, 11:32 AM - Forum: News From Cryptocurrency Market - No Replies

Concerns about initial coin offerings among U.S. regulators and lawmakers were on full display during a U.S. Senate hearing on Tuesday.
"I believe every ICO I’ve seen is a security," Securities and Exchange Commission chairman Jay Clayton declared early on, perhaps setting the tone on a topic that would be raised numerous times during the roughly two-hour hearing. He largely echoed his past remarks on the subject, criticizing the “gatekeepers” of such offerings in the market today.
At one point, Massachusetts Senator Elizabeth Warren asked Clayton whether any ICO, past or future, had been subject to SEC registration.
"Not one," he answered to both.
Warren herself took a critical stance on the blockchain funding model (notable in part because her home state’s government has filed suit against ICO organizers in the past), returning again to the topic of unregistered ICOs just before the close of the hearing.
"I understand you to say it is a violation of the law" to do so, she remarked.
"Yes," Clayton replied.
Earlier in the hearing, Ohio Senator Sherrod Brown raised the point that, last year, ICOs raised billions of dollars worth of cryptocurrencies from investors. But of that amount, he asked Clayton, "how much of that...was raised in the U.S.?"
Perhaps unsurprisingly, the SEC chairman couldn’t offer a direct answer.
"It’s not clear," he told the senator. "It’s hard to get a number on that because this has been conducted on largely an unregulated basis. But I imagine, Senator, a significant enough portion that we should be paying attention.”
Ultimately, according to Clayton, some of those acting in the space are doing so even with the knowledge that they aren’t adhering as close as they ought to SEC regulations.
"I'm very not happy that people are conducting ICOs when they should know they should follow the private placement rules," he remarked during a back-and-forth with Senator John Kennedy.
That said, the SEC chair also made the point he wants, from a regulatory perspective, to separate cryptocurrencies from those digital assets that are clearly securities under U.S. law.
He remarked:

Quote:"I want to go back to separating ICOs and cryptocurrencies. ICOs that are securities offerings, we should regulate them like we regulate securities offerings. End of story."

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  Bank of America, JP Morgan Ban Credit Crypto Purchases
Posted by: admin - 02-05-2018, 01:02 PM - Forum: News From Cryptocurrency Market - No Replies

Bank of America and JPMorgan Chase will reportedly no longer enable customers to purchase bitcoin with credit cards starting in February, reports say.
Revealed today in a Bloomberg report, JPMorgan is expected to start its ban on Feb. 3 due to concerns about the credit risk of those who make purchases through their cards. Bank of America is said to be launching its ban on Feb. 2, when transactions with known cryptocurrency exchanges will begin to be declined.
The Bank of America ban is limited to credit cards, and will not impact customers who wish to purchase cryptocurrencies using debit or ATM cards, according to the news source.
Bloomberg further reported that the Bank of America cited anti-money laundering regulations for the move, as well as the potential for thieves to convert stolen credit cards into cryptocurrency stashes.
Like JPMorgan, Bank of America is also concerned with the idea customers can purchase more cryptocurrency than they can afford. Other banks have purportedly moved to increase charges for crypto transactions in recent weeks.

Stepping back, move coincides with a broader discussion among financial firms about how their businesses are being impacted by the cryptocurrency economy, which after growing by leaps and bounds in 2017, has seen a sizable market drawdown so far this year.

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