Keyword: cryptocurrency

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  • Executive Order on Taking Additional Steps to Address the Situation in Venezuela

    03/19/2018 2:42:53 PM PDT · by Steve Van Doorn · 40 replies ^ | March 19, 2018 | DONALD J. TRUMP
    All transactions related to, provision of financing for, and other dealings in, by a United States person or within the United States, any digital currency, digital coin, or digital token, that was issued by, for, or on behalf of the Government of Venezuela on or after January 9, 2018, are prohibited as of the effective date of this order
  • Official Washington flocking to Doomsday Camps

    03/19/2018 6:29:29 AM PDT · by Sub-Driver · 106 replies
    Official Washington flocking to Doomsday Camps by Paul Bedard | March 19, 2018 08:16 AM A building network of backwoods doomsday camps around the country are pulling in members from affluent areas and even Washington national security officials as the threats grow from nuclear war, an EMP or virus attack. Called Fortitude Ranch, the outposts promise protection and a year’s supply of food for those unable to build their own bunker. What’s more, until a crisis strikes, they are being used for prepper training and vacations. “We’re seeing members from all the three letter agencies,” said Fortitude creator Drew Miller,...
  • Interstellar Trade Is Possible

    03/16/2018 9:36:20 PM PDT · by LibWhacker · 54 replies
    Tough SF ^ | 3/21/17
    Interstellar Trade Is Possible In this post, we will detail a method for developing interstellar trade using near-future technologies and commercially realistic requirements. We will then look at the various outcomes, challenges and development models that will follow the first interstellar operation. There is now a Summary at the end of the post. A tough taskTravel between stars is hard. The distances are measured in trillions of kilometers and the space between destinations is not really empty. Attempting the crossing at interplanetary speeds is ludicrously slow; the only way is to reach velocities measured in percentages of the speed of...
  • Over $60 billion wiped off value of cryptocurrencies in 24 hours as bitcoin slide continues

    03/15/2018 7:53:45 AM PDT · by NRx · 54 replies
    CNBC ^ | 03-15-2018 | Arjun Kharpal
    Prices of major cryptocurrencies saw a sharp downward slide Thursday, amid closer regulatory scrutiny on the space and after Google announced plans to ban advertising related to the sector. The market capitalization or value of all the world's digital coins stood at $310.4 billion early on Thursday morning, down from $372.9 billion a day before, according to, which tracks prices based on different exchanges. Bitcoin, the world's largest cryptocurrency by market cap, traded as low as $7,676.52 on Thursday, the lowest since February 8, according to CoinDesk data. However, by 4.00 a.m ET the price had recovered to $8,219.77,...
  • Governments Hate Bitcoin and Cash for the Same Reason: They Protect People’s Privacy.

    02/07/2018 9:10:36 AM PST · by SeekAndFind · 14 replies
    Reason ^ | 02/07/2018 | J.D. Tuccille
    Publicly fretting about Bitcoin and other cryptocurrencies, last month, Treasury Secretary Steve Mnuchin assured an audience at the Economic Club of Washington that "one of the things we will be working very closely with the G-20 on is making sure that this doesn't become the Swiss numbered bank accounts." He specifically cited the difficulty cryptocurrencies pose to tracking transactions as a major concern. Soon afterward, India's finance minister, Arun Jaitley, sounded an even stronger note, saying, "The government does not consider crypto-currencies legal tender or coin and will take all measures to eliminate use of these crypto-assets in financing illegitimate...
  • Think Bitcoin Is Anonymous? Some Dark Web Users Find Out It’s Not

    02/05/2018 12:56:19 PM PST · by nickcarraway · 21 replies
    ValueWalk ^ | Michelle Jones | February 1, 2018
    When bitcoin was first introduced, one of the concerns was that it was being used as a form of payment for questionable and/ or illegal transactions, such as those on the now-defunct marketplace Silk Road. The reason it was so popular for such transactions was because it provided an untraceable way to pay for items, but that seems to be changing. Researchers recently discovered that they were able to unmask some dark web users by linking them to bitcoin wallets that were used for transactions on the dark web. As a result, the anonymity once offered by bitcoin seems to...
  • As Bitcoin Bubble Loses Air, Frauds and Flaws Rise to Surface

    02/06/2018 5:46:50 AM PST · by C19fan · 24 replies
    NY Times ^ | February 5, 2018 | Nathaniel Popper
    You did not have to be a technophobe to worry that the virtual-currency boom of the past year papered over plenty of problems. The scale of those problems is starting to become clear as digital tokens have slid more than 50 percent in value from their peaks in early January, with steep drops on Monday pushing the value of Bitcoin specifically below $7,000.
  • It's Time to Create New Republics

    03/01/2018 11:42:46 AM PST · by Brian Griffin · 4 replies
    03/01/2018 | Brian Griffin
    Article IV, Section 3 of our Constitution provides that "The Congress shall have the power to dispose of and make all needful rules and regulations respecting the territory or other property belonging to the United States." A Republican-run state might buy up a few square miles of unoccupied land and sell it and the state sovereignty over it to the federal government. The federal government might then sell it off to a state-authorized private party who promises to create a new republic on it with: 1. limits on taxation/governmental fees/fines/licensing, and 2. no foreign military force, and 3. no governmental...
  • Tales From the Cryptocurrency: The Bitcoin Mystery Death That’s Rocking South Korea

    02/22/2018 5:55:51 AM PST · by C19fan · 6 replies
    Daily Beast ^ | February 22, 2018 | Jake Adelstein
    Days after South Korea’s chief proponent of regulating cryptocurrency, Jung Ki-joon, was found mysteriously dead in his home, South Korea apparently has decided not to crack down further on trading in bitcoin and other cybercurrencies. On Tuesday, Choe Heung-ski, chief of South Korea’s Finance Supervisory Service, told reporters that the government would support cryptocurrency trading rather than heavily regulating it or banning it completely.
  • Bitcoin Mining Hindering Search For Alien Life, Scientists Claim

    02/20/2018 11:46:35 AM PST · by nickcarraway · 65 replies
    Scientists searching space for intelligent life already have a difficult job, but some are now saying their task is being made even tougher because of digital currencies like Bitcoin. “We’d like to use the latest GPUs (graphics processing units)… and we can’t get ’em,” Dr. Dan Werthimer told the BBC. The chief scientist of the Search for Extraterrestrial Intelligence, or SETI Project, says the surging demand for GPUs from cryptocurrency miners is leaving the computer chips in short supply. “This is a new problem, it’s only happened on orders we’ve been trying to make in the last couple of months,”...
  • Cryptocurrencies ‘could drop to near-zero at any time,’ Ethereum founder warns

    02/20/2018 5:44:53 AM PST · by C19fan · 39 replies
    CNBC ^ | February 19, 2018 | Ryan Browne
    Cryptocurrencies are a nascent asset class and could fall violently at any time, the founder of blockchain network Ethereum warned on Saturday. "Reminder: cryptocurrencies are still a new and hyper-volatile asset class, and could drop to near-zero at any time," Vitalik Buterin said on Twitter. "Don't put in more money than you can afford to lose."
  • Why Steemit Is The Platform Of The People And The Answer To Censorship

    02/19/2018 10:34:15 PM PST · by vannrox · 25 replies
    Disobedient Media ^ | February 5, 2018 | Elizabeth Vos
    I am no expert in crypto-currency, and I am brand new on Steemit. Though I’m still in the beginning stages of learning the ropes of a platform based on cryptocurrency, like Steemit, I want to bring the platform to the attention of as many people as possible for a few specific reasons.First, as Disobedient Media previously reported, social media giants including Facebook and Twitter have heavily censored political content and independent media over the course of the last year. Youtube, and its owner, mega-company Google, have likewise strangled the reach of independent news sources and commentary.Youtube has severely demonetized...
  • Bitcoin Could Bounce Back Big-Time in 2018: Analyst

    02/18/2018 9:58:24 PM PST · by nickcarraway · 17 replies
    New York Post ^ | February 17, 2018 | Ed Zwirn
    Despite its price plunge, some diehard bitcoin aficionados still say the beleaguered cryptocurrency could hit six figures by year’s end. Tone Vays, a New York-based cryptocurrency analyst and blockchain consultant, has been among those arguing that the wild swings in bitcoin value since its debut in 2009 at less than a penny could mean that an even greater upswing may be possible this year. “Right now I think that bitcoin should still go down in price, but it will recover,” says Vays. “$100K this year is possible, but that’s very high. I put the current fair value at $25,000.”
  • Feds charge 24-year-old Chicago trader in first crypto-fraud case

    02/18/2018 2:30:52 PM PST · by bgill · 18 replies
    A 24-year-old trader who considered himself "invincible" according to federal investigators has become the first target of a criminal fraud prosecution involving "cryptocurrency," after allegedly siphoning $2 million in Bitcoin and Litecoin from his Chicago employer... Judge Martin asked the Korean-American defendant if he spoke English and understood the proceedings, which he did...As part of his $100,000 bond deal, Kim surrendered his passport...Prosecutors are expected to outline the charge that "from September through November 2017, Kim transferred more than $2 million of the trading firm's Bitcoin and Litecoin to personal accounts to cover his own trading losses, which had been...
  • Cryptocurrencies Don’t Make Sense

    02/14/2018 7:44:46 AM PST · by SeekAndFind · 103 replies
    Naked Capitalism ^ | 02/14/2018 | Jon Danielsson
    By Jon Danielsson, Director of the ESRC funded Systemic Risk Centre, London School of Economics. Originally published at VoxEUCryptocurrencies are supposedly a new and superior form of money and investments – the way of the future. The author of this column, however, does not see the point of cryptocurrencies, finding them no better than existing fiat money or good investments.I have been trying to understand what the point of cryptocurrencies is, without success. They may not be an immediate financial stability concern (den Haan et al. 2017), but I just don’t get them.As far as I can tell, they...
  • North Korea Might Be Behind The World’s Largest Crypto Heist

    02/07/2018 11:51:52 AM PST · by C19fan · 16 replies
    Value Week ^ | February 6, 2018 | Andjela Radmilac
    South Korea’s national spy agency released a statement saying that North Korean hackers might be behind the Coincheck heist, Bloomberg reported. According to Japan Times, a source familiar with the matter said Tuesday that the recent break-in into the Japanese cryptocurrency exchange Coincheck Inc., which saw $520 million worth of digital coins stolen, might have been orchestrated by the rogue Koran state.
  • Get Ready for Most Cryptocurrencies to Hit Zero, Goldman Says [Bloomberg Link Only]

    02/07/2018 5:38:19 AM PST · by C19fan · 31 replies
    Bloomberg [Link in Body of Thread] ^ | February 6, 2018 | Kana Nishizawa
    Click here to go to Bloomberg.
  • Worries Grow That the Price of Bitcoin Is Being Propped Up

    02/01/2018 6:15:31 AM PST · by C19fan · 68 replies
    NY Times ^ | January 31, 2018 | Nathaniel Popper
    A growing number of virtual currency investors are worried that the prices of Bitcoin and other digital tokens have been artificially propped up by a widely used exchange called Bitfinex, which has a checkered history of hacks and opaque business practices.
  • Oakland Home on the Market for Bitcoin

    02/02/2018 10:34:43 AM PST · by nickcarraway · 8 replies
    NBC Bay Area ^ | Feb 1, 2018 | Ian Cull
    As if the Bay Area wasn’t already expensive enough to live in, a house in Oakland is officially on the market for Bitcoin or other cryptocurrencies. The Oakland home, near San Leandro, is located at 2559 Oliver Ave. and was first listed on Friday. The real estate agent, Sean Beattie of Realty Experts, said in the first few days the home was listed, the property received inquiries “every five minutes,” SF Weekly reported. The Bay Area News Group reports that offers have even come from as far away as Italy and China. The four-bedroom, two-bath, remodeled home near the Oakland...
  • Bitcoin plunges below $8,000 after fall of 55% from 2018 peak [tr]

    02/02/2018 5:40:30 AM PST · by C19fan · 21 replies
    UK Daily Mail ^ | February 2, 2018 | Louise Hill
    Bitcoin’s value plunged to below the key level of $8,000 today amid fears of government crackdowns on digital currencies after US regulators launched an investigation into the sector this week. Its lowest point of $7,695 represented a fall of 15 per cent from its price at midnight GMT of $9,050 and was 55 per cent below its 2018 peak of $17,135 hit on 6 January.