German Financial Authority Warns on ICOs…Again; Nothing Changed

Source : German Financial Authority Warns on ICOs…Again; Nothing Changed The German government has issued the same exact warning against ICOs, worded exactly the same, two times in one week. The post German Financial Authority Warns on ICOs…Again; Nothing Changed appeared first on The Bitcoin News – Leading Bitcoin and Crypto News since 2012.

AML BitCoin Seeks Understanding Amid Fears

Source : AML BitCoin Seeks Understanding Amid Fears CEO of NAC Foundation, LLC, Marcus Andrade paves the way for his AML compliant cryptocurrency – AML BitCoin, to gain massive adoption at the level of governments and financial institutions. The post AML BitCoin Seeks Understanding Amid Fears appeared first on CoinSpeaker. Continue reading at Coinspeaker

As Interest in Bitcoin Explodes, Advisors Warn “Not for the Faint of Heart”

Source : As Interest in Bitcoin Explodes, Advisors Warn “Not for the Faint of Heart” There are dozens of ways for investors to get burned in the unregulated crypto space. Yet that’s not stopping mainstream interest in cryptocurrencies from surging, so financial experts are urging caution.   Uncertainty Is King in Crypto Right Now, Advisors Warn Newcomers Unsurprisingly, more traditionally-minded financial planners aren’t currently ready to go “all in” on cryptocurrencies yet. These planners, whose careers hinge upon mitigating risk and volatility, surely cringe in hearing about the wild 24-hour price swings the cryptocurrency space can be prone to. As Ian Weinberg, CEO of Family Wealth & Pension Management, explained in frank comments to CNBC: “Bitcoin [and other cryptocurrencies] are not for the faint of heart. I expect a lot more upside and downside volatility. It’s getting on the radar screen of Wall Street now, but this is speculation. I don’t consider it an investable asset class yet.” CME Group Chairman Leo Melamed would certainly disagree with the last sentiment, as he hailed cryptocurrencies as a “new asset class” altogether in the wake of his company’s recent announcement they’ would be listing Bitcoin futures in December 2017. But others, like Radix Financial founder Amy Hubble, still aren’t so sure. Hubble said she wasn’t yet comfortable investing in bitcoin and advising others to do the same because she’s currently unable to evaluate bitcoin as an asset satisfactorily: “Bitcoin and other protocol tokens don’t have any cash flows, they don’t pay dividends, there is no way to systematically determine demand growth for them, and I don’t have the technical expertise to determine the value of one cryptocurrency over another.” Capital Assets Management Group advisor Samuel Boyd purchased his own bitcoin back in July 2017 when BTC-USD was approaching $4000. Yet Boyd’s been more frightened by the number one cryptocurrency’s volatility than he has been impressed by its price appreciation. Echoing the space’s most famous adage “Never invest more than you can afford to lose,” Boyd said cryptocurrencies aren’t right for his customers just yet, “Investors need to use truly disposable income because the investment could go to zero. I’m an RIA [Registered Investment Advisor], and I can’t recommend this to clients.”   Traditional Investors Face Four Main Risks Crypto investors are, by nature, not risk-averse. But traditional investors interested in investing in bitcoin or ether should understand the four significant risks their investments will face. Strict government regulations would be the first of these risks. Consider how all cryptocurrencies took a beating price-wise in the wake of the Chinese government’s ban on ICOs and cryptocurrency exchanges. These kinds of regulatory moves can occur at any moment, while the ecosystem is so premature. Secondly, there is excessive market volatility. Monthly charts can very much look like a roller coaster for the top 500 cryptocurrencies. And market manipulation is a factor while regulations are still lacking. Next, there are hacks and cyber-attacks. Whether it’s a 51 percent attack or a keylogger who’s commandeering private …

Plus…As Interest in Bitcoin Explodes, Advisors Warn “Not for the Faint of Heart”

Anonymous Continues to Wage War on Neo-Nazi Websites

Source : Anonymous Continues to Wage War on Neo-Nazi Websites Stories related to hacking and other types of nefarious activity have dominated the technology landscape these past few years. Not all of these hacks are performed by criminals, though, as the Anonymous collective has been doing some “social justice” in this regard. Its latest venture involved shutting down several neo-Nazi websites. This war has gone on for quite some time now and is far from over. Anonymous Strikes Another big Blow While it is difficult to justify actions by any group of hackers right now, Anonymous has made more positive headlines in this regard than any other collective so far. It is not a threat to specific countries, but mainly aims to fight against injustice wherever it occurs. It’s a noble gesture, although not everyone will appreciate its method of attack. That is only to be expected, mind you, as hacking is and remains a criminal activity first and foremost. Governments all over the world have no love lost for Anonymous in this regard. In their latest campaign, various Anonymous hackers have successfully taken down over a dozen neo-Nazi websites. There have been quite a few incidents across the United States over the years involving racism, neo-Nazi activity, and the like. Although it should be up to law enforcement agencies to respond in this regard, they are bound by very strict laws which need to be adhered to. Hacker collectives such as Anonymous have their own sets of rules, and they couldn’t care less about what any government or law enforcement agency thinks. In a way, this gives Anonymous free reign over how it tackles problems found in our society today. So far, it has mainly done so by shutting down specific websites, although it remains to be seen what its future plans may be. The latest attack involving several neo-Nazi websites is seemingly harmless in the grand scheme of things, but it is still a problem for the affected users. Everyone is entitled to their own beliefs, even if the majority of the world doesn’t agree with them whatsoever. It is certainly true that neo-Nazis – especially in the United States –  tend to cause major uproar at times. There is a big difference between shutting down websites and causing physical harm to people who do not share your beliefs. In this regard, the actions taken by Anonymous can be somewhat justified, and shutting down several neo-Nazi “online hangouts” may have been a just decision. Things like this are always subject to interpretation, of course. Anonymous will continue to analyze potential targets associated with domestic terrorism. White supremacist acts are of particular concern to the hacker collective, mainly because this divide between races should have ended many years ago. Unfortunately, it is still a very real problem in 2017. Rest assured we will see a few more of these attacks in the future, assuming these neo-Nazi organizations continue to cause havoc in one way or another. Indeed, it is not the first time Anonymous has successfully taken down major websites. In August of this year, hackers took down the Charlottesville …

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Scams In the Crypto Space

Source : Scams In the Crypto Space Are you trying to avoid cryptocurrency scams? If so the best option for you would be to stay at home and not to play with your hard earned money. However, if you are determined to invest in the world of cryptocurrency which is full of risks you should be aware there are a few common scams out there which you should be careful about. Scams are always shady and when you get caught you are going to be hit hard. Given below are some common scams with information about how you can avoid getting trapped in them. Shady Exchanges The popularity of Bitcoin and V of other types have witnessed a huge rise in exchanges dealing in cryptocurrency. They are all looking to grab your attention along with the transaction fees that you will be liable to pay when they handle your purchases. If you are a fresh entrant into the market of cryptocurrency it is unlikely that you may have heard about Mount Gox which was an early exchange dealing in cryptocurrencies and was accounting for nearly 70% of the total cryptocurrency transactions throughout the globe. Mount Gox was suspended from trading in February 2014 when it was disclosed that nearly 850,000 Bitcoins had been stolen and were worth $450 million at that time. About 200,000 of the stolen Bitcoins were recovered and returned to some users but the point we are trying to make is that it is difficult to trust people in the digital world simply because you don’t have the ability to audit or verify what is happening behind the scenes. Pyramid And Ponzi Schemes A Mumbai based company named OneCoin was delivering a sales pitch to a group of investors in the spring of 2017. Officers from the Indian enforcement directorate raided the meeting and eventually jailed 18 representatives of OneCoin for operating a cryptocurrency Ponzi scheme. Investors had been duped by a combination of enthusiastic selling along with plenty of positive media coverage giving information about the project and the rising prices of cryptocurrencies. A number of people lost a huge sum of money simply because they weren’t able to comprehend the information created by the scam artists that for using jargon and technology which had not been heard of by most people. It was perhaps fortunate that the officials from the enforcement directorate were able to raid the meeting because the representatives of onecoin had already moved out $350 million with the help of a payment processor. Pump and Dump Crypto Currency has been described as a scam by a number of prominent financial experts while some have even compared Bitcoin’s to investments in gold. Many financial experts still hold the view that the market for cryptocurrencies is just a haven for speculators and is ripe for pumping and dumping. Bitcoin presently has a market capitalization of over $70 billion and it can be extremely difficult directly to manipulate the prices. However smaller altcoins which have …

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Industry Experts Attempt to Revitalize Blockchain and Real Estate Partnership

Source : Industry Experts Attempt to Revitalize Blockchain and Real Estate Partnership Although the real estate business one of the first industries targeted by blockchain tech, integration into the industry has slowed to a crawl. Redefining Innovation Every industry is considering adding blockchain tech to their way of doing business. There are few downsides when implemented correctly, and it’s the only way to show one hundred percent publicly verifiable transactions as they occur. The attention that the real estate industry garnered early on has recently come to a standstill, however. Now, industry experts are taking this moment of calm to sit down on discussing different ways that the blockchain could be more beneficial to the real estate market. The Experts Weigh In Larry Solomon, of TheGuarantors, feels the blockchain would be compelling in title registrations and escrow services. He sees it as a natural and straightforward improvement over the current way, but foresees definite barriers: Two natural areas where blockchain can add value relate to escrow services and title registration. Roadblocks include potential litigation related to escrows and the entrenched industry incumbents for title services. In both of these areas, some combination of advocacy groups along with government intervention could make progress. Most would be hard-pressed to disagree with Mr. Solomon’s ideas of where to use the blockchain in the Real Estate world, but Michael Sroka, of Dealpath, Inc., asks for caution when applying new tech: The biggest challenge in the industry will be finding the right application of blockchain, as opposed to force-fitting it into various scenarios. We have a tendency to get overzealous about applying tech, but we need to focus on being proficient users of the best software, not just the coolest. Understanding blockchain will be one of many things in the real estate tool belt that will make a huge difference. These two viewpoints sum up the debate in the real estate market over the blockchain. There is real potential for its use to speed up and ensure accuracy in the process, but without people seeing it as a need, there won’t be much progress in the field. Chris Ryan, of Luxury Lifestyles Group, sums the viewpoint of a lot of those in the business up succinctly: The two biggest hurdles that I see in bringing blockchain to real estate is shedding the negative perception on cryptocurrency and overcoming the dinosaurs in the real estate industry who don’t want change, even though it brings more transparency and ease to real estate investing. My prediction is this style of investing is going to be the biggest game changer the real estate market has ever seen. Eventually, forward thinking will outweigh the conservatism seen in the industry, but for now, progress will be slowed as those set in old ways fear changes. Still, there is promise as the tech becomes more mainstream and less novel. The post Industry Experts Attempt to Revitalize Blockchain and Real Estate Partnership appeared first on BTCMANAGER.

Putin Advisor Bearish on Bitcoin: ”The Cryptoruble Must Compete With Cash”

Source : Putin Advisor Bearish on Bitcoin: ”The Cryptoruble Must Compete With Cash” Russia’s deputy finance minister has suggested that the name of the country’s national cryptocurrency should be changed from “cryptoruble” to “cyber-ruble”.  He is expecting “a large-scale correction” of bitcoin’s price and hopes to see a decline in interest in the cryptocurrency. Meanwhile, the first proposal for the cryptoruble has been submitted. Also read: Bitcoin-Based Ethereum Rival […] The post Putin Advisor Bearish on Bitcoin: ”The Cryptoruble Must Compete With Cash” appeared first on The Bitcoin News – Leading Bitcoin and Crypto News since 2012.

Bitcoin, Litecoin Devs May Integrate Monero’s Confidential Transactions

Source : Bitcoin, Litecoin Devs May Integrate Monero’s Confidential Transactions Most cryptocurrency users acknowledge that both Bitcoin and Litecoin lack serious privacy features. Neither of these popular currencies mask user identities completely, whereas altcoins such as Monero do exactly that. It turns out we may see some of Monero’s technology show up in both Bitcoin and Litecoin soon. Confidential Transactions are an option well worth exploring by the developers of both currencies. It’s an interesting situation, to say the very least. Confidential Transactions Bring More Privacy to Bitcoin and Litecoin Over the past few years, we have seen multiple Bitcoin developers port functions found in altcoins to the world’s leading cryptocurrency. In some cases, the Bitcoin developers even refer to altcoins as “testbeds” for features to be ported to BTC at a later date. It now seems some developers have their sights set on Monero technology, as both Bitcoin and Litecoin may integrate Confidential Transactions in the very near future.  Monero, a respected altcoin, has been using Ring Confidential Transactions for quite some time now. It is just one of the cornerstones of this successful cryptocurrency, although there is a lot more to making cryptocurrencies private and anonymous than just copying a specific function. It remains to be seen how this particular feature will be introduced in Bitcoin and Litecoin. Moreover, the Monero team is already looking for a better solution than RingCT, which has been referred to as “RuffCT” by the community. Charlie Lee, the creator of Litecoin, appears to be a big fan of Confidential Transactions. It seems this new feature will be integrated with Litecoin through a future soft fork, although no specific timeline has been announced at this time. Moreover, it is good to see the developers of both currencies opt to go with a soft fork rather than a hard fork, as there are always certain risks associated with the latter. That’s not because hard forks are bad, but they do require the majority of the network to first upgrade its software. So far, the reputation of Confidential Transactions has been mixed. On one hand, they provide additional privacy and make it more difficult to trace transactions. On the other, they will make these currencies more appealing to criminals of all kinds. Monero is gaining traction on the darknet, and some marketplaces have even moved away from Bitcoin in favor of this privacy-oriented cryptocurrency. Whether or not a privacy-oriented Bitcoin would make a big impact remains to be determined. At the same time, Confidential Transactions may make it easier for money to flow across borders without being scrutinized. They may even result in far less market volatility, although that remains to be seen. They would certainly make taxation of cryptocurrencies almost impossible, which is not something most governments would like to see happen. Then again, there is nothing officials can do to control or prevent the use of cryptocurrencies, even though many people still seem to think otherwise. All of this shows that a lot of people are keeping a very close eye on Monero and its technology. While this …

Plus…Bitcoin, Litecoin Devs May Integrate Monero’s Confidential Transactions

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