Official cryptocurrency thread (Bitcoin, Ethereum, Altcoin)

[TightEnd]

Hundreds of bitcoin-mining servers stolen in Iceland

https://www.theguardian.com/world/2018/mar/07/hundreds-of-bitcoin-mining-servers-stolen-in-iceland?utm_term=Autofeed&CMP=twt_b-gdnnews#link_time=1520454225

[rfgqqabc]

https://www.coindesk.com/making-sense-crypto-asset-valuation-insanity/

Interesting piece, couldn't resist linking this picture.

Click to see full-size image.

https://www.coindesk.com/worst-crypto-networks-will-biggest/

Abstract look at the growth of cities and networks in comparison to companies.

Bloomberg is wrong here as I believe he has sold enough of the bitcoin to reclaim the money owed. The next court date is sometime in September and I'm sure people will be watching. Fascinating case where a bankrupt exchange is still affecting customers years later by having a trustee market sell thousands of their asset on the open market. Definite potential in court whether this comes under the terms of negligence, particularly as the CEO at Kraken has stated that they were consulted beforehand and recommended not selling on the open market. Painful to watch the capitulation at the bottom but it would be a real mess if he hadn't got the money out and it went below. Kinda surprised he waited so long tbh.

https://www.bloomberg.com/news/articles/2018-03-07/bitcoin-s-tokyo-whale-sold-400-million-and-he-s-not-done-yet

https://www.zerohedge.com/news/2018-03-07/bitcoins-tokyo-whale-sells-400m-bitcoin-bitcoin-cash



https://www.reddit.com/r/BitcoinMarkets/comments/835eyu/jesse_powell_ceo_and_cofounder_of_kraken_on_the/

[SuperJez]

Behind a paywall but I managed to get one glance at it before it vanished

https://www.ft.com/content/dcb4b12e-26d8-11e8-b27e-cc62a39d57a0

Barclays working with Coinbase apparently.  Unexpected news tbh.

[SuperJez]

No paywall on this version of the story

https://www.financemagnates.com/cryptocurrency/news/coinbase-opens-account-barclays-bank/

[DropTheHammer]

Wow great news-thanks for posing. I must admit I didn't enjoy the previously very convaluted method to load money into Coinbase.

This will enable many more speculators to get involved and make it much easier to cash out (if it doesn't all go to pot first).

[acegooner]

https://www.moneymarketing.co.uk/brexit-cryptocurrencies-among-major-challenges-facing-new-fca-chair/?cmpid=amalert_4861569&utm_medium=email&utm_source=newsletter&utm_campaign=mm_daily_news&adg=e6ca4e09-a0e5-4049-9c62-06f34d11ef0f

To anyone that thinks cryptocurrencies will escape the clutches of regulators, the FCA have it high on their agenda to do something about. Let's get regulation going, stop unqualified people making money from scams and start looking at the tech and how it can benefit society.

That will also mean much lower prices, but so be it.

[RED-DOG]

https://www.moneymarketing.co.uk/brexit-cryptocurrencies-among-major-challenges-facing-new-fca-chair/?cmpid=amalert_4861569&utm_medium=email&utm_source=newsletter&utm_campaign=mm_daily_news&adg=e6ca4e09-a0e5-4049-9c62-06f34d11ef0f

To anyone that thinks cryptocurrencies will escape the clutches of regulators, the FCA have it high on their agenda to do something about. Let's get regulation going, stop unqualified people making money from scams and start looking at the tech and how it can benefit society.

That will also mean much lower prices, but so be it.

Forgive my ignorance, but wont that make it the same as any other currency?

[acegooner]

https://www.moneymarketing.co.uk/brexit-cryptocurrencies-among-major-challenges-facing-new-fca-chair/?cmpid=amalert_4861569&utm_medium=email&utm_source=newsletter&utm_campaign=mm_daily_news&adg=e6ca4e09-a0e5-4049-9c62-06f34d11ef0f

To anyone that thinks cryptocurrencies will escape the clutches of regulators, the FCA have it high on their agenda to do something about. Let's get regulation going, stop unqualified people making money from scams and start looking at the tech and how it can benefit society.

That will also mean much lower prices, but so be it.

Forgive my ignorance, but wont that make it the same as any other currency?

Despite the name, none of them are true currencies really.

[doubleup]

http://uk.businessinsider.com/plattsburgh-new-york-cryptocurrency-mining-ban-2018-3?r=US&IR=T

[lucky_scrote]

Gooner why would you care about people making money through scams in cryptocurrency? Who drives the money behind regulators and what makes crypto special for scammers? It is very silly to think that scamming is ripe in crypto, it is however new. If everyone stops letting people holding their own money then crypto is already the most trustworthy transfer and store of value.

Perhaps we should regulate Nigerian princes too? They were ripe and that scam probably netted a group of people some money.

[acegooner]

.

[acegooner]

Gooner why would you care about people making money through scams in cryptocurrency? Who drives the money behind regulators and what makes crypto special for scammers? It is very silly to think that scamming is ripe in crypto, it is however new. If everyone stops letting people holding their own money then crypto is already the most trustworthy transfer and store of value.

Perhaps we should regulate Nigerian princes too? They were ripe and that scam probably netted a group of people some money.

Because I don't like seeing people ripped off. I find it astonishing that you can't see that in an unregulated environment there are hundreds of scams out there, some more high profile than others. That's even before we look at the illegitimate uses of bitcoin to launder the proceeds of crime.

When someone who has a background in marketing/recruitment is paid thousands of dollars to promote an ICO, it's inevitable there is a conflict of interest (this is a british youtuber btw). Prior to Jan 2017, he had no prior knowledge about crypto currencies in March 2018, he is seen as a prominent knowledgeable crypto guru with over 100k followers, really??!!

This is replicated all over the internet. There are pump and dump artists galore on youtube.

With regards to regulation, it is the bain of many advisers lives both in the UK and the US. And that's the way it should be, the pain of regulation ensures that consumers are protected if they are given bad advice for any reason. A recent example of this was the British Steel Pension scheme debacle. The regulators have come down like a ton of bricks on these people who have given inappropriate advice. What happens to the people who promote the merits of bitconnect either as an intermediary or as a so-called director of the company?

As things stand you can promote an ICO, not do any due diligence on the company you are promoting, make thousands if not hundreds of thousands of pounds for something that has no inherent value. If it goes belly up, then there is no recompense for the people who you made the recommendation to and you can disappear back into the hole you came from, much richer. It gets quite boring repeating myself many times, perhaps in a few years time when the fad element has gone away with the regulations in place, we can start focusing on the real world application of each project rather than worry whether something is a scam or not, and make informed investment decisions. Sooner or later those in denial will get it.

[rfgqqabc]

Gooner why would you care about people making money through scams in cryptocurrency? Who drives the money behind regulators and what makes crypto special for scammers? It is very silly to think that scamming is ripe in crypto, it is however new. If everyone stops letting people holding their own money then crypto is already the most trustworthy transfer and store of value.

Perhaps we should regulate Nigerian princes too? They were ripe and that scam probably netted a group of people some money.

Because I don't like seeing people ripped off. I find it astonishing that you can't see that in an unregulated environment there are hundreds of scams out there, some more high profile than others. That's even before we look at the illegitimate uses of bitcoin to launder the proceeds of crime.

When someone who has a background in marketing/recruitment is paid thousands of dollars to promote an ICO, it's inevitable there is a conflict of interest (this is a british youtuber btw). Prior to Jan 2017, he had no prior knowledge about crypto currencies in March 2018, he is seen as a prominent knowledgeable crypto guru with over 100k followers, really??!!

This is replicated all over the internet. There are pump and dump artists galore on youtube.

With regards to regulation, it is the bain of many advisers lives both in the UK and the US. And that's the way it should be, the pain of regulation ensures that consumers are protected if they are given bad advice for any reason. A recent example of this was the British Steel Pension scheme debacle. The regulators have come down like a ton of bricks on these people who have given inappropriate advice. What happens to the people who promote the merits of bitconnect either as an intermediary or as a so-called director of the company?

As things stand you can promote an ICO, not do any due diligence on the company you are promoting, make thousands if not hundreds of thousands of pounds for something that has no inherent value. If it goes belly up, then there is no recompense for the people who you made the recommendation to and you can disappear back into the hole you came from, much richer. It gets quite boring repeating myself many times, perhaps in a few years time when the fad element has gone away with the regulations in place, we can start focusing on the real world application of each project rather than worry whether something is a scam or not, and make informed investment decisions. Sooner or later those in denial will get it.

A bunch of the American Bitconnect promoters are being sued in America, not sure about the actual people behind it, I imagine the real guys are too hidden to get caught. Maybe the names of the directors will get caught somewhere? Are the people on the english papers not liable.

https://thenextweb.com/hardfork/2017/11/13/bitcoin-bitconnect-uk-ponzi-investment/

They don't look very real according to this article. I'm on your side too ace with regards to regulation. Lots of obvious scams people need protecting from.

[RobM]

Warning to Ledger owners:

https://threadreaderapp.com/thread/976066416267939840.html

[bergeroo]

George Soros Prepares to Trade Cryptocurrencies
https://www.bloomberg.com/news/articles/2018-04-06/george-soros-prepares-to-trade-cryptocurrencies-as-prices-plunge