Lead Blockchain Engineer - Talla        
Boston, MA - Lead Blockchain Engineer Boston, MA or Palo Alto, CA
Talla is looking for an entrepreneurial lead blockchain software engineer with experience building innovative services and technologies to help Talla incorporate blockchain & cryptocurrency functionality into their
          Thailand Police seizes Assets of Late Alleged Mastermind behind AlphaBay        

Thailand Police officials have seized almost $21 million worth of assets ranging from cryptocurrency to fleet of cars. These assets belonged to the alleged late founder of the dark web marketplace AlphaBay, one of the two largest markets which were taken by the FBI this month. He died by committing suicide on July 24th in ...

The post Thailand Police seizes Assets of Late Alleged Mastermind behind AlphaBay appeared first on Deep Dot Web.

5FM — We chat to a panel of experts to discuss the implications of cryptocurrency. On the panel, Dawie Roodt (Chief Economist, Efficient Group), Tanya Knowles (Managing Executive of Fractal Solutions, division of Strate (Pty) Ltd) and Richard de Sousa (Owner, AltCoinTrader)
          Comment on vDice ICO Offers Investment Opportunity to Be Part of Blockchain Gaming Revolution by Vlad Ilnitskiy        
https://coinidol.com/blockcdn-releases-tv-set-top-box-cryptocurrency-mining/ BlockCDN Releases New TV Set-Top Box For Cryptocurrency Mining
          BITCOIN : What is it? How does this work?        
Okay, so maybe you would've been wondering from a while that what is a bitcoin that everyone has been talking about, how does this thing work and more importantly, how you can get them. So calm down peeps because you are about to know everything.

Basically, a BITCOIN is peer-to-peer payment system and digital currency introduced as open source software in 2009 by pseudonymous developer Satoshi Nakamoto.
It is a cryptocurrency, so-called because it uses cryptography for security. Users send payments by broadcasting digitally signed messages to the network. Transactions are verified, timestamped, and recorded by specialized computers into a shared public transaction history database called the block chain. The operators of these computers, known as miners, are rewarded with transaction fees and newly minted bitcoins.

Don't be surprised after knowing this but Bitcoin's exchange rates are way to high. It is damn true 1 BTC(bitcoin) has currently 952.5 USD. Isn't that super crazy. If you don't believe feel free to check the exchange rates here yourself.

That was the very basic knowledge about a bitcoin. But how does this thing work exactly ? This is the question that causes confusion. Here's a quick explanation.

Well you can watch this video for explanation of what is a bitcoin and how does this thing work or you can read the summary after the video.

          Bitcoin exchange Coinbase confirms its unicorn status with $1.6 billion valuation        

brian armstrong, coinbase, sv100 2015Twitter/brian_armstrong

Coinbase, the cryptocurrency exchange that broke hearts last week with its initial decision not to support bitcoin cash, confirmed to the world Thursday that it is in fact a unicorn.

The San Francisco-based company raised $100 million in Series D funding, led by IVP, which it will use to expand staff, invest in projects, and open a GDAX office in New York City. GDAX — the global digital assets exchange — is a Coinbase-owned exchange for institutions and professional traders to trade cryptocurrencies. 

This funding round puts Coinbase's valuation at $1.6 billion.

"Digital currencies are having their 'Netscape' moment," wrote Brian Armstrong, CEO of Coinbase. "The pace of innovation has been accelerating and we are now seeing exciting projects and companies being built on top of digital currencies. We’re beginning to transition into phase three of our secret master plan."

Speculation had been brewing around its funding since June, when The Wall Street Journal reported that it might hit unicorn status.

But for the last two weeks, the company has been on the defense, following its decision not to participate in the bitcoin fork on August 1, which split bitcoin — the established cryptocurrency which users can exchange on Coinbase — into a new currency called bitcoin cash. 

Coinbase warned its users that they would have to withdraw bitcoin reserves from Coinbase before the fork if they wanted to see their share of the automatically generated bitcoin cash. 

"Our goal is to be the safest, most trusted and compliant, and easiest to use," Armstrong wrote at the time. "Not the first to market with new assets. Especially at scale, it takes time to ensure any new asset we add is well tested and secure."

The company wouldn't say how many users withdrew from the exchange following that announcement, but the website was brought to a halt, with delays around 12 hours for users looking to move their bitcoin.

However, the company reversed its decision late last week, and said it would add support for bitcoin cash by 2018.

Coinbase still hasn't announced whether it will add exchanges for bitcoin cash, but at the very least, users will be able to withdraw the bitcoin cash automatically generated in their wallets at the time of the fork. 

NOW WATCH: 5 things the iPhone still can't do

          Investors poured millions into a storage network that doesn't exist yet | Ars Technica        
Bitcoin and other cryptocurrencies are huge emerging stories in the context of Russia using Bitcoin as a way to circumvent US sanctions (TRMS/msnbc) and China to illegally profit from the US opioid crisis via cyber mail order (msnbc)... Why Is the Kremlin Suddenly Obsessed With  …
          Shock and awe: the blockchain unpacked        

A book review of The Business Blockchain  There’s nothing short of a revolution happening in world of business and computing, according to author William Mougayer. “If the blockchain has not shocked you yet,” he writes in his book, The Business Blockchain, “I guarantee it will soon.” His belief is that blockchain technology is the biggest technological breakthrough since the Internet – an instrument of social and political change with the potential of disrupting everything from commerce to financial services to the exchange of ideas and information. Blockchain technology of course is best known as the underpinning of cryptocurrencies such as Bitcoin. Employing a peer-to-peer (P2P) exchange of data, a blockchain authenticates and permanently records every transaction on a distributed public ledger. It can only be sequentially updated, thereby ensuring that every single exchange of data can be continually reconciled, and cannot be erased. It is incorruptible. The essence of the...

The post Shock and awe: the blockchain unpacked appeared first on Cogeco Peer 1.

          A Bitcoin Primer: What it is, and how to use it        

No country issues it. No bank holds it. No institution backs it. No coins (or bills) even denote it. Bitcoin is cryptocurrency – entirely virtual, transacted almost exclusively online, it exists only in digital form, its value determined wholly by the market. Since its inception in 2009, Bitcoin has been a curiosity for many, and a mystery to many more. After all, can a currency that exists purely online even be real? The answer is yes. Yes, it can. In fact, its value is very real. It recently surged to well above $2,000 USD – more than doubling its value in one year. One financial analyst at Saxo Bank predicts its value could hit $100,000 USD in just ten years. At the same time, its value can fluctuate wildly. In May 2017, for example, it took a dive of more than $500 in just one day. So how exactly does...

The post A Bitcoin Primer: What it is, and how to use it appeared first on Cogeco Peer 1.

          Vitalik Buterin and Naval Ravikant to discuss Ethereum and ICOs at Disrupt SF        
 Cryptocurrencies are back. But did they ever go away? If you ask cryptocurrency advocates, they’re going to tell you that it’s been a slow and steady rise filled with initial coin offerings, forks and updates. That’s why we’re excited to welcome Ethereum co-founder Vitalik Buterin and AngelList co-founder and CEO Naval Ravikant at TechCrunch Disrupt SF. They’re… Read More
          Coinbase raises $100M at a $1.6B valuation amid explosive growth        
 Coinbase has had a pretty crazy six months. It may be hard to remember, but at the beginning of 2017 the cryptocurrency world was a different place. Bitcoin was below $1000 per coin and the entire market cap for all cryptocurrencies was about 7x less than it is today. Since then, the market has surged. And as arguably the most established wallet and exchange service that exists today, Coinbase… Read More
          Technical Writer -- Project Basis - Upwork        
At IdentityMind Global, we are building a unique platform providing Risk Management services to the financial industry: both traditional payments and emerging cryptocurrencies such as bitcoin. We are experiencing explosive growth and have just deployed our 2nd generation platform which currently scales to hundreds of transactions per second. We are expanding internationally and are also building Big Data analytics and reporting tools to cope with the financial crime prevention requirements of our clients.

IdentityMind Global has a diverse workforce and strongly believes in a non-political, just get the job done work environment.

This role will expand our developer facing online documentation for our APIs, and our user facing documentation for our UIs.

If you are interested in finding out more and explore a possible relationship, we would love to hear back from you to find out more about you and to tell you more about our platform.

First project to be completed: Client Implementation Packet. This will be a  packet of information that can be provided to clients at the beginning of the implementation process that includes description of the implementation process, testing environments, and next steps.

Pay will be a per-project basis.

Posted On: August 10, 2017 21:14 UTC
Category: Writing > Technical Writing
Skills: Google Docs, Technical Writing
Country: United States
click to apply
          Seeking Bitcoin / Blockchain marketers for China, Russia & South Korea - Upwork        
Seeking fluent speakers and writers in select countries who have experience in the blockchain / bitcoin / ethereum / cryptocurrency community.

If you have any skills outside of US to market upcoming ICOs or Token Sales, let's please be in touch!  Immediate work needed.

Mandarin, korean, russian and any other languages accepted.

Posted On: August 10, 2017 21:14 UTC
Category: Sales & Marketing > Marketing Strategy
Skills: Bitcoin, Blockchain, Ethereum, Marketing Strategy
Country: United States
click to apply
          Blockchain/Bitcoin Experts in Pakistan - Upwork        
We are Coinrapid, a Bitcoin company​ based out of London, UK. We provide Blockchain Solutions, Cryptocurrency Wallets, Exchange, Bitcoin Debit card and Merchant Tools. We are launching our operations in Pakistan within next few weeks and looking to hire

Bitcoin/Blockchain Experts

Our vision is to become the Best Blockchain company in Europe and Pakistan. There will be a lot of Learning and Growth Opportunities. If you are ready to become a part of blockchain revolution then apply now.

Posted On: August 10, 2017 21:14 UTC
Category: Web, Mobile & Software Dev > Other - Software Development
Skills: Bitcoin, Blockchain, Java, Node.js, Python, React.js
Country: United Kingdom
click to apply
          ICO promo campagne - Upwork        
Who are we?

We are working on a project that will make use of Blockchain technology to grant everybody with an internet connection to earn money! For our ambitious project, we are looking for content writers. We will be running an ICO campagne for about 8 weeks.

Who are you?

We are looking for exceptional writers regarding the cryptocurrency topic, keeping an eye for SEO. You must have an interest in cryptocurrency and some showeable experience regarding the topic. Also, we need you to actively think about communities you can approach and display the content on in order to generate traffic and leads. Think about Reddit, Medium, Twitter, LinkedIn, Facebook etc.

If we are happy with your results, we are definitely going to work again after the ICO.

Posted On: August 10, 2017 21:14 UTC
Category: Sales & Marketing > SMM - Social Media Marketing
Skills: Bitcoin, Blog Writing, Content Writing, Facebook Marketing, Instagram Marketing, Internet Marketing, Marketing Strategy, Reddit Marketing, Search Engine Optimization (SEO), Social Media Management, Social Media Marketing, Twitter Marketing, YouTube Marketing
Country: Netherlands
click to apply
          Blog writers - Upwork        
I need a couple of bloggers. You will be responsible for posting 1 blog a day. I am not too stingy on word limit but it should be SEO optimised with SEO tags, images, videos( if necessary). Here are the niches for which I need writer
1) Technology Blog - Mainly mobile
2) Freshfaceclub - Beauty and skin care related
3) Bitcoin/cryptocurrency

Payment will be fixed $2/blog

Budget: $60
Posted On: August 10, 2017 21:14 UTC
Category: Writing > Article & Blog Writing
Country: India
click to apply
          Seeking Junior React / Python developer - Upwork        
We are a startup developing SaaS for international traders.  We are looking for a well-qualified junior to mid-level  React / Python developer to join our team.  We are not looking for an agency, but an individual, qualified, developer.

I am in a need of an experienced ReactJS & python developer for the gambling site development.

I want to build one similar to bitkong.com;they have basically everything we’re adding.
Everything is pretty much the same except the game itself.

We are friendly, collaborative, and are developing an amazing project that we will launch this year.

Candidates should have the following requirements
-Should have worked with bitcoin or similar cryptocurrency.
-Should have worked with gambling system before.
-Should have high web security knowledge.
-Put "ReactJS King" in your reply.
-A good attitude, open to guidance and interested in professional development
-If you have other ongoing projects, this is not necessarily a prohibition.  However, we prefer an individual who is not looking at jobs only as short-term freelance assignments, but is interested in becoming a full and longer-term member of a team.

All of our communications are in English, so you should be able to read and write.

Any questions, please do not hesitate to ask.  Thanks and we look forward to hearing from you!

Posted On: August 10, 2017 21:14 UTC
Category: Web, Mobile & Software Dev > Web Development
Skills: Bitcoin, CSS3, HTML, Python, React.js, Website Development
Country: Germany
click to apply
          Help finding bitcoin & blockchain influencers and emails - Upwork        
I have a list of cities around the world where I'm looking to get a better understanding of the state of blockchain technology and the composition of the local communities. I'll need you to search for local professionals, entrepreneurs and/or investors that are related to and/or working in the blockchain space*. *keywords to look out for are: blockchain, cryptocurrency, bitcoin, ethereum.

Posted On: August 10, 2017 21:14 UTC
Category: Sales & Marketing > Market & Customer Research
Skills: Bitcoin, Blockchain, Ethereum, Internet Research
Country: United States
click to apply
          Growth Hacker or Marketing Expert for an Ethereum based Token Sale / ICO - Upwork        
I am looking for a blockchain/cryptocurrency enthusiast with writing experience for the marketing of our ICO. You should be part of be crypto community (bitcointalk, coindesk etc.) and must have worked on the PR or marketing of crowdfunding campaigns before. You will take clear initiatives that attracts contributions for the ICO.

If you specialize in any kind of marketing included BUT not limited to the following, please get in touch right away from immediate work: PR, Community Management, bitcointalk, slack, lead generation and any tactics not listed here that could help grow word of mouth around an exciting upcoming blockchain based startup company.

Budget: $1,000
Posted On: August 10, 2017 21:14 UTC
Category: Sales & Marketing > Other - Sales & Marketing
Skills: Bitcoin, Blockchain, Crowdfunding, Ethereum, Facebook Marketing, Internet Marketing, Public Relations
Country: Canada
click to apply
          Twitter/Instagram Manager for Blockchain/Cryptocurrency Investing - Upwork        
I need help growing my Twitter and Instagram Following.  I want both to serve as a crucial part of my sales funnel.

Currently, I own a YouTube channel that talks about blockchain technology and cryptocurrency.  

Link: https://www.youtube.com/channel/UCRQkQ8YlIY2LlTWGjdo1Opw

My YouTube channel is used to drive traffic to a course I offer on Udemy listed here:

As well as 1-on-1 appointments with me at: https://cryptosomniac.setmore.com/

My goal is to use Twitter/Instagram to drive traffic with engaged and interested users to either the YouTube channel, or even better the course.  I don't want fake users or users who aren't really qualified on my Twitter/Instagram.  I'd like to use engaging tactics, content, contests, giveaways to invite a qualified demographic or audience to my social media platforms.  

Note: It is crucial that you understand blockchain technology or cryptocurrency in order to create the content necessary to drive this traffic.  I would like 2-3 relevant Instagram posts per day tagged correctly, and engagement made on other pages, as well as something similar on Twitter.  If you have never heard of Bitcoin/blockchain tech/cryptocurrency, this is probably not the job for you.  Thanks in advance!

Posted On: August 10, 2017 21:14 UTC
Category: Sales & Marketing > Other - Sales & Marketing
Skills: Instagram Marketing, Social Media Management, Social Media Marketing, Twitter Bootstrap, Twitter Marketing, YouTube Marketing
Country: United States
click to apply
          Looking for Freelance Writers & Reviewers with interest in Fintech, Blockchain & Cryptocurrencies - Upwork        
We are looking for experience and passionate fintech, blockchain and cryptocurrency freelance writers and reviewers who can deliver well-researched, original articles and blogpost for our website.

How to format your work:
• Articles must be unique, on current subjects and have 750 to 1000 words. You have to write the article on Google Doc before sending it us.
• Single-spaced.
• Include reference links to reputable sources for all facts and data cited. (We’ll include these as embedded links in the text.)
• Keep self-promotion to a minimum in your post. Do include a link to your website and a 75-word “About the Author” bio at the end of your post. Feel free to include a photo.
• Please send us images or video! If you don’t have any but have an idea what might illustrate your piece, let us know and we can buy or create some. Please note: images need to be photos you own the copyright to and/or that are copyright free.
• Your article must be original and not duplicated content elsewhere. We will check to see if your work is published elsewhere.

We pay for original, published content on our website. We pay from $10 for simple articles to $50 for high-quality exclusive content.

By submitting your work to us, you understand and agree to the following:
• The content is original work. Its use by us does not infringe on the intellectual property of any other party.
• Please let us know if your content has previously been published. We shall pay for original pieces, not reposts. However, we may choose to syndicate or pay to promote it. If your story has been published previously, you warrant that we have rights to reuse the content. (If a link is provided, we will link back to the original post.)
• Payments are based on a flat-fee.
• We have the perpetual right to publish and use the content on any of our current or future media platforms, including for commercial purposes, unless arrangements are made in advance.

Budget: $10
Posted On: August 10, 2017 21:14 UTC
Category: Writing > Article & Blog Writing
Skills: Bitcoin, Blockchain, Blog Writing, Editorial Writing, Financial Analysis, Financial Forecasting, Financial Reporting, Online Writing, Research, Reviews, SEO Writing
Country: Nigeria
click to apply
          German translator for Bitcoin/Cryptocurrency website - Upwork        

We are searching for a translator in Germany to translate our website. You will translate a website that is currently written in English and Swedish. The job will be ongoing when the current content is translated, which is 25-50,000 words. The website has guides and reviews about Bitcoin and the cryptocurrency.

When the website and its content is translated there will be ongoing translation work every week.

You should have knowledge of the Bitcoin ecosystem or be prepared to learn because the content can be very technical. An advantage is also if you speak multiple languages.

(We are also looking for news writers with experience in Bitcoin and cryptocurrency: https://www.upwork.com/jobs/~016162e5a94b058731).

/ Oscar Carlson

Posted On: August 10, 2017 21:14 UTC
Category: Translation > Technical Translation
Country: Sweden
click to apply
          Need help promoting a new cryptocurrencies trading signals service - Upwork        
I'm going to start a new trading signal service that notifies the user when an altcoin is being pumped on an exchange. Already created my site and i need to promote it, i'm thinking about write blog posts on major bitcoin related sites and open some threads on bitcointalk, i need help from a marketing expert on bitcoin and cryptocurrencies field because this is something different than traditional marketing. Prevoius experience in similar works will be appreciate. For my campaign i would like to focus also China and Dubai markets.

Budget: $200
Posted On: August 10, 2017 21:14 UTC
Category: Sales & Marketing > Other - Sales & Marketing
Country: Italy
click to apply
          Part time Blogger needed - MUST BE RELIABLE - Upwork        
Excel4TheStreet is an EdTech marketplace promoting a meritocracy in education. We are a startup company with a website that is approaching completion of development and will soon be going live. In anticipation, we are looking for bloggers who will be able to write at the very least 1 blog post per month.

The niche to our startup is instructors who sign up will be paid based on the quality of their content. The quality is based on student reviews. The higher the review, the higher the percentage earned.

Ideally, we want to include promotion of our startup in the blog posts, but also want a focus on the latest trends in education and how technology/business intelligence is playing a key role. Topics we would like to focus on include:

- E-Learning outpacing traditional education
- Skills gap in the workplace
- Jobs that will go obsolete in the future due to technology
- Business Intelligence tools (i.e. Tableau, Qlik, Microsoft BI)
- Future of programming (python, VBA, R, HTML, C+)
- Pros and Cons of a college education
- Cryptocurrency (bitcoin, blockchain technology, etc.)
- Personal finance
- Career tips
- Interviewing tips for a good job
- How to find what you are good at in the workplace

We need people who are RELIABLE. If you commit to writing at least 1 blog per month, then that is what will be expected. SEO strategy experience is a MUST!

In responding to this job post, please indicate how long you estimate a blog post would take you on a monthly basis.

Posted On: August 10, 2017 21:14 UTC
Category: Writing > Article & Blog Writing
Skills: Blog Development, Blog Writing, Creative Strategy, Creative Writing, Digital Illustration, Microsoft Word, SEO Writing, WordPress
Country: United States
click to apply
          Cryptocurrency trading expert - Upwork        
Cryptocurrency trading adviser

This job was posted from a mobile device, so please pardon any typos or any missing details.

Budget: $100
Posted On: August 10, 2017 21:14 UTC
Category: Accounting & Consulting > Financial Planning
Skills: Bitcoin
Country: United Kingdom
click to apply
          Need Cryptocurrency white paper writer - Upwork        
I have some basic idea to develope my new crypto currency like steemit.But i need consultant to improve my idea to make it big.Also he need to write white paper and content for us

Budget: $100
Posted On: August 10, 2017 21:14 UTC
Category: IT & Networking > Other - IT & Networking
Skills: Bitcoin, Content Creation
Country: Pakistan
click to apply
          Cryptocurrencies are booming        
Donec quam felis, ultricies nec, pellentesque eu, pretium quis, sem. Nulla consequat massa quis enim. Lorem ipsum dolor sit amet, consectetuer adipiscing elit. Aenean commodo ligula eget dolor. Aenean massa. Cum sociis natoque penatibus et magnis dis parturient montes, nascetur ridiculus mus. Donec pede justo, fringilla vel, aliquet nec, vulputate eget, arcu. In enim justo, rhoncus […]
          Vitalik Buterin and Naval Ravikant to discuss Ethereum and ICOs at Disrupt SF        

Cryptocurrencies are back. But did they ever go away? If you ask cryptocurrency advocates, they’re going to tell you that it’s been a slow and steady rise filled with initial coin offerings, forks and updates. That’s why we’re excited to welcome Ethereum co-founder Vitalik Buterin and AngelList co-founder and CEO Naval Ravikant at TechCrunch Disrupt […]

The post Vitalik Buterin and Naval Ravikant to discuss Ethereum and ICOs at Disrupt SF appeared first on DailyScene.com | .

          Coinbase raises $100M at a $1.6B valuation amid explosive growth        

Coinbase has had a pretty crazy six months. It may be hard to remember, but at the beginning of 2017 the cryptocurrency world was a different place. Bitcoin was below $1000 per coin and the entire market cap for all cryptocurrencies was about 7x less than it is today. Since then, the market has surged. […]

The post Coinbase raises $100M at a $1.6B valuation amid explosive growth appeared first on DailyScene.com | .

          Bitcoin retreats from all-time high even as Fidelity debuts digital-currency tracking        
Bitcoin pulls back from its recent record on Wednesday, but the cryptocurrency enjoys some good news on the day, with Fidelity Investments announcing that it would feature tracking of the digital unit for its clients.
          The Ultimate Bitcoin Crash Nightmare        
by John Galt July 30, 2017 19:00 ET The experts in Bitcoinland have been proclaiming how great this cryptocurrency is and shall be into the future. The “experts” also claimed that it was healthy for the cryptocurrencies that the Securities and Exchange Commission required ICO’s (Initial Coin Offerings) within the United States to be treated somewhat like IPO’s (more at this link).  However, and as usual with new technologies (a la Portfolio Insurance, Derivatives, etc.) the SEC is already 4 years behind a burgeoning multi-billion dollar industry as most nation’s regulators...
What happens if you connect the Drone and the Bitcoin exchange? AR Drone 2.0 is controlled by a patch connected to Bitcoin exchange BTC-E. Real‑time trading data control the thrust of the drone engines. If you like the thrill of on‑line trading of cryptocurrencies, this data eventification tool gives even...
          The reality of cryptocurrencies such as Bitcoin and the shari’ah rule regarding them        
The following is the translation of an Ijtihad by Ustadh Abu Khaled al-Hejazi, please refer to the Arabic original for exact meanings.
Today, Bitcoin and other cryptocurrencies are proposed as alternate currency models compared to the traditional currencies such as the Dollar, Riyal and euro, albeit there are some fundamental differences between the two and the most important being that cryptocurrencies are a digital currency that exist only on the Internet without having a physical or tangible existence to it.
In addition to this there is no centralized organization that issues the currency and there is no real world asset that backs these currencies.
The users of these currencies can purchase the currencies through Cryptocurrency exchange websites on the internet and they can also convert these currencies back into traditional currencies.

Who issues cryptocurrencies?

Contrary to traditional currencies which are generally backed by assets such as gold or by other stronger currencies, cryptocurrencies are supported and generated by the users of the currency themselves. Anyone interested in creating a cryptocurrency requires an Internet connection attached to a computer where he can install the currency ‘mining’ software and he can then use the mining software to generate the currency. The ‘mining’ software utilizes the computational power of the computer to run an algorithm which upon successful completion creates a certain amount of the cryptocurrency. As the total amount of currency issued by the system increases, the algorithm becomes difficult hence leading to longer computation periods to generate the same amount of cryptocurrency.

Cryptocurrencies also have a limit to the total amount of currency that can be generated and this is to be able to maintain a controlled supply over the currency. For instance, the total number of bitcoins that can be mined is 21 Million BTC.

Where can Cryptocurrencies be used?

Cryptocurrencies can be used to trade on some ecommerce websites, in addition to this, they can be exchanged for physical currencies with people who are interested in purchasing them. Today cryptocurrencies have become a speculative trade with people investing millions in them because of their continuously increasing price. For instance, the cost of one of the more popular cryptocurrencies, Bitcoin was 14 USD in 2011 and it has increased manifold to reach 2800 USDin 2017.

The reality of Issuing Currencies & its shari Hukm

Each State adopts a specific unit of something, making it the basis to which goods and labour are related and by which they are measured. It coins the unit in a specific form and fashion which is specific to it along with a fixed weight and value. Societies have, from the earliest times, made this measuring unit from things with intrinsic value. They adopted gold and silver as a measure to which all goods and labour are related, because gold and silver have intrinsic value in the world at large. They have issued currency with a specific form and modeas well as a specific fixed weight and value.
The state which adopts gold or silver units as the basis for its currency follows the metallic system. If it makes the gold unit the basis for its currency which it issues as currency for itself, then it follows the gold standard. If it makes the silver unit the basis of its currency which it issues, then it follows the silver standard. If it makes both the gold and silver unit together as the basis for its currency, then it follows the gold and silver standard or the bimetallic standard.
As for the state which adopts paper currency such that goods and labour are exchanged with it, it follows the paper standard. If the paper it prints, as money and currency is representative of gold or silver, the state follows the representative paper currency standard. If the paper it prints and makes as its currency has gold or silver backing equal to a specific proportion of its value, it follows the paper currency standard of the secured type.
If the currency it prints, issues and makes as its money and currency is substitutable for gold or silver, nor backed by them, the country is considered to be following the compulsory paper currency or fiat standard.
The currency which was accepted and implemented by the Prophet (saw) was the Gold and silver currency i.e. Dirhams and Dinars. This Islamic currency fulfilled three important conditions.

Dirham & Dinar — The Gold & Silver currency of the Islamic Khilafah State

  • It was a basis to evaluate the goods & services, i.e it was a measure for prices and wages.
  • It was issued by a central authority which undertook the responsibility of issuing the dirhams and the dinars and it was not an unknown body.
  • It was widespread and easily accessible among the people and it was not exclusive to a group of people only.
    After having studied the reality of a cryptocurrency, how it is issued and how it is utilized. I evaluate it in light of the above three conditions that should be fulfilled by any currency and I find that cryptocurrencies do not fulfill the three above mentioned conditions.
    1.Cryptocurrencies are not issued by any centralized institution or established organization rather they can be issued by anyone who has the relevant mining software and a computer with an internet connection. Even if cryptocurrencies are termed as ‘currencies’ the reality of these currencies is that they are no more than digital asset which anyone with the capability can create and it has a price in the market which increases and decreases based on the demand and supply. Therefore, the rule of currencies does not apply on cryptocurrencies.
    In short, Cryptocurrencies fail on the condition that the currency should be issued by a central organisations or a well-known body and not by a unknown body or people.
    2.Cryptocurrencies are a digital asset which have no tangible reality except the trust and confidence of some people in it. In addition to this, cryptocurrencies due to their nature of being tied to the internet is strictly limited to a small group of the population.
    In short, cryptocurrencies fail on the condition that the currency should be easily accessible and widespread, rather it is limited to a small group of people who believe in its value i.e. it is not a currency for the society.
    3.The majority of the countries do not accept cryptocurrencies as a legitimate currency and therefore they cannot be used to purchase most of the goods and services.
    In short, cryptocurrencies fail on the condition that the currency should be a basis to evaluate the goods and services, i.e to be a measure for prices and wages, rather it is a tool for barter with select goods and services.

    This is the reason why cryptocurrencies such as Bitcoin are not considered a currency from a Shari’ point of view.

    As for the sale and purchase of Cryptocurrencies.

    Cryptocurrencies are no more than an asset, however this asset is issued by an unknown source i.e the asset has not backing in other words it is not a real asset. In addition to this, cryptocurrencies are a big domain for fraud, deception, speculation and cheating and therefore it is not allowed to trade in it i.e. it is not permitted to buy or sell them.

    The conclusion is that cryptocurrencies such as bitcoin are only ‘assets’ issued by an unknown (majhool) source which have no real value and no real backing and therefore is open to speculation and fraud and an opportunity for the colonialist capitalist countries especially America to exploit such things so as to plunder the resources of the people.
    This is the reason why it is not allowed to purchase cryptocurrencies due to the shari’ evidences that prohibit the sale and purchase of any unknown ‘majhool’ asset, and the evidences for this are:
    1.Abi Saeed Al Khudri Reported
    نهى رسول الله صلى الله عليه وسلم عن شراء ما في بطون الانعام حتى تضع ، وعما في ضروعها الا بكيل او وزن وعن شراء العبد وهو آبق ، وعن شراء المغانم حتى تقسم وعن شراء الصدقات حتى تقبض وعن ضربة الغائص
    “The Messenger of Allah (ï·º) forbade selling what is in the wombs of cattle until they give birth, and selling what is in their udders unless it is measured out, and selling a slave who has fled, and selling spoils of war until it has been distributed, and selling Sadaqah until it has been received, and what a diver is going to bring up.”
    [Reported by Ibn Majah, Tirmidhi, Ibn Shaybah, Ahmad, Dar Qutni, Bayhaqi, Ibn Hazm]
    2.Ibn Abbas reported
    عَنْ ابْنِ عَبَّاسٍ أَنَّ النَّبِيَّ صَلَّى اللَّهُ عَلَيْهِ وَسَلَّمَ نَهَى عَنْ بَيْعِ الْمَضَامِينِ، وَالْمَلَاقِيحِ، وَحَبَلِ الْحَبَلَةِ
    “The Prophet (saw) forbade the trade of Al-Madameen, Al-Malaqeeh and Habal al Habala.” Reported by Tabarani.
    Al-madameen is the sale of what is in the wombs of female camels. Al- malaqeeh is the sale of the breeding qualities of camels” (i.e. for stud). Habal al Habala was a transaction in the days of ignorance where A man would buy the unborn offspring of the unborn offspring of a she-camel.
    3.Nafi reported from Umar that the Prophet (saw) said
    عن نافع عن ابن عمر قال : نهى النبي — صلى الله عليه وسلم — عن بيع الغرر وقد أخرج مسلم النهي عن بيع الغرر من حديث أبي هريرة وابن ماجه من حديث ابن عباس والطبراني من حديث سهل بن سعد ، ولأحمد من حديث ابن مسعود رفعه : لا تشتروا السمك في الماء فإنه غرر وشراء السمك في الماء نوع من أنواع الغرر ، ويلتحق به الطير في الهواء والمعدوم والمجهول والآبق ونحو ذلك
    “The Messenger of Allah (ï·º) prohibited the Gharar sale” and Muslim reported that the prophet (saw) prohibited the sale of ‘gharar’ in the hadith by Abu Hurairah And Ibn Majah reported about it in the hadith by Ibn Abbas and Tabarani reported it in the hadith by Sahal bin Saad and Ahmad reported it in a marfoo hadith by Ibn Masood: Do not buy the fish in the water because it is gharar and purchasing fish in the water is a type of gharar, and this is linked to the birds in the air and anything that is unknown (majhool) or non-existent (ma’doom), and the run away slave and so on.
    4.Muslim reported from Jabir Ibn Abdullah that
    عَنْ جَابِرِ بْنِ، عَبْدِ اللَّهِ قَالَ نَهَى رَسُولُ اللَّهِ صلى الله عليه وسلم عَنِ الْمُحَاقَلَةِ وَالْمُزَابَنَةِ وَالْمُعَاوَمَةِ وَالْمُخَابَرَةِ — قَالَ أَحَدُهُمَا بَيْعُ السِّنِينَ هِيَ الْمُعَاوَمَةُ — وَعَنِ الثُّنْيَا وَرَخَّصَ فِي الْعَرَايَا ‏-رواه المسلم
    The prophet prohibited Al-Muhaqalah, Al-Muzabanah, Al-Mukhabarah, and Al-Mu’awamah. (One of the narrators) ‘said: Sale years ahead is Mu’awama, and making exceptional but he made an exemption of araya.
    Mukhabarah is when a wasteland is given by a person to another he makes an investment in it and gets a share of the produce. Muzabana is selling of fresh dates on the tree for dry dates with a measure. Muhaqala is selling the standing crops In the field for a customary measure.
    5.Muslim reported in his Saheeh from abu Hurairah who said
    أخرج مسلم في صحيحه عَنْ أَبِي هُرَيْرَةَ، قَالَ: «نَهَى رَسُولُ اللهِ صَلَّى اللهُ عَلَيْهِ وَسَلَّمَ عَنْ بَيْعِ الْحَصَاةِ، وَعَنْ بَيْعِ الْغَرَرِ»
    “The Messenger of Allah (ï·º) forbade Gharar transaction and Hasahtransactions.”
    Tirmidhi also reported a similar hadith from abu Hurairah
    وأخرجه كذلك الترمذي عن أبي هريرة…”بيع الحصاة”
    وَمِنْ بُيُوعِ الْغَرَرِ بَيْعُ السَّمَكِ فِي الْمَاءِ وَبَيْعُ الْعَبْدِ الآبِقِ وَبَيْعُ الطَّيْرِ فِي السَّمَاءِ وَنَحْوُ ذَلِكَ مِنَ الْبُيُوعِ ‏.‏ وَمَعْنَى بَيْعِ الْحَصَاةِ أَنْ يَقُولَ الْبَائِعُ لِلْمُشْتَرِي إِذَا نَبَذْتُ إِلَيْكَ بِالْحَصَاةِ فَقَدْ وَجَبَ الْبَيْعُ فِيمَا بَيْنِي وَبَيْنَكَ
    The prophet prohibited the ‘hasah’ Transactions. The Hasah sale is when the seller says to the buyer: ‘When I toss the pebble at you, then the sale between you and I is final.’ â€œThe Gharar sale is the sale of ambiguous and unknown (majhoolghayr maloom)) which includes selling fish that are in the water, selling a slave that has escaped, selling birds that are in the sky and similar type of sales all of which are prohibited.
    The evidences that we presented all indicate in clear terms the prohibition of the ‘Bay asSineen’ i.e selling the produce of a tree two or three years in advance for it is a sale of something that does not exist at the time of the contract. The evidences also show the prohibition of the sale of the fruit and the crops before they are clearly visible, as these are all from what is called as â€˜bay al Gharar’’ The gharar sale’ or the sale of Majhool i.e the unknownand this is clearly applicable on the reality of cryptocurrencies such as Bitcoin and Ethereum as they are assets which have no known source and have no backing because they are not issued by a centralized organization, and therefore it is not permissible to buy and sell cryptocurrencies.
    Abu Khaled al-Hejazi
    29th Ramadhan 1438
     24th June 2017

              MORE INFRASTRUCTURE BUILDING | A conversation with Anthony Di Iorio        

    In an interview with Digifest panelist speaker Anthony Di Ioria,CEO and Founder Decentral, Digifest blogger Marcello Ferrara asks the current state of cryptocurrency. The highlights of their conversation are below....

    The post MORE INFRASTRUCTURE BUILDING | A conversation with Anthony Di Iorio appeared first on Digifest.

              Comment on Is Coin Collecting a Lost Art? by Is Coin Collecting a Lost Art? – Staugnews – via CryptoCurrency News Headlines Today | Breaking News Headlines from Around the World        
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              Companies across the board benefit from cryptocurrency        
    Companies across the board benefit from cryptocurrency
              Ask Doctor Bitcoin: A Quick Crypto FAQ.        

    For those who don’t know, I’m a cryptocurrency fan. I’ve been following all of this very closely since 2011, and I enjoy learning more technical details around blockchain as well as theorizing and architecting new solutions utilizing blockchain. I also sell cryptocurrency through my company, Roger Wilco. As such, this week perhaps more than most others, […]

    The post Ask Doctor Bitcoin: A Quick Crypto FAQ. appeared first on Mark "Rizzn" Hopkins.

              Ask Doctor Bitcoin: Do You Endorse the bitqy Token?        

    As many of you are aware, I’ve been active in endorsing a group of marketers’ endeavors in the Dallas startup community that has become active specifically in the cryptocurrency space. The key members of the group (which has grown and evolved since the beginning of my involvement) were Bruce Bise and Sam Mendez, both interesting and […]

    The post Ask Doctor Bitcoin: Do You Endorse the bitqy Token? appeared first on Mark "Rizzn" Hopkins.

              Ask Doctor Bitcoin: What are the implications of Sandtander’s new cryptocurrency?        

    According to a report in the Financial Times this morning, Santander’s long promised foray into blockchain technology was finally disclosed upon. UBS, the Swiss bank, pioneered the “utility settlement coin” and has now joined forces with Deutsche Bank, Santander and BNY Mellon — as well as the broker ICAP — to pitch the idea to […]

    The post Ask Doctor Bitcoin: What are the implications of Sandtander’s new cryptocurrency? appeared first on Mark "Rizzn" Hopkins.

              Ask Dr. Bitcoin: What is Dollar Cost Averaging?        

    The typical cryptocurrency enthusiast goes through a few steps as they continue their journey, particularly if they see any early gains with their crypto investments. Initially, they’ll put in some sum of money – usually small – into a cryptocurrency and see some amount of gains and get excited. They’ll either be excited by the gains themselves, […]

    The post Ask Dr. Bitcoin: What is Dollar Cost Averaging? appeared first on Mark "Rizzn" Hopkins.

              Ask Dr. Bitcoin: What does the Bitfinex Heist mean for cryptocurrency?        

    So last night, as my team was readying itself for one of the most well-attended #BigDNT presentations in memory, my attention was elsewhere, as one of the most precipitous price falls in Bitcoin history was underway. I posted to my Facebook account a quick update at the time: So if you’re wondering why Bitcoin is […]

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              Cryptocurrency Trading        
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    The value of some of these currencies have gone from 0.001$ to 10$. Yeah, that's about
    x1000 its value. Cryptocurrency trading has increased the number of millionaires and Even billionaires. And its still doing so.

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              Lottowallet A Newly Launched Online Jackpot Game Using Cryptocurrency.        
    Introducing Lottowallet an online game that uses cryptocurrency to determine the winning number unlike other online game jackpots company.

    Lottowallet is the first ever Company to use the crypto currency system to play lottery all over the world.A System were cryptocurrency wallet is used to determine the winning number.A one of a kind method which is transparent unlike other lottery system and easy to play.

    Wallet address is used to generate Ticket numbers
    And Blockchain is used to find winning numbers.

    It an exciting way of playing lottery jackpot. since the game use the cryptocurrency & blockchain system the jackpot system is completely transparent unlike other online games.
    Player itself choose ticket number using his own crypto wallet
    Block chain hash that is generated by an anonymous miners, is used to determine the winning numbers.
    And exciting part!!! is that ,the Player can play multiple times to match the winning numbers for the same game.

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    1 bitcoin jackpot cost approximately 0.00199168 BTC(Or Depends on the market value of BTC).
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              Cryptocurrencies: The Idea Whose Time Has Come        

    This post Cryptocurrencies: The Idea Whose Time Has Come appeared first on Daily Reckoning.

    Brian Maher explains that “There’s a chance to strap yourself to the next cryptocurrency rocket before it launches into the stratosphere”...

    The post Cryptocurrencies: The Idea Whose Time Has Come appeared first on Daily Reckoning.

              Cryptocurrencies Can Make You Rich Beyond Your Dreams        

    This post Cryptocurrencies Can Make You Rich Beyond Your Dreams appeared first on Daily Reckoning.

    Louis Basenese shows you how cryptocurrencies can make you rich beyond the dreams of avarice. Read on...

    The post Cryptocurrencies Can Make You Rich Beyond Your Dreams appeared first on Daily Reckoning.

              What is cryptocurrency, how does it work and what are the uses?         
              Hướng dẫn backup và khôi phục ví trữ tiền điện tá»­ (Cryptocurrency)        

    Backup và khôi phục ví trữ tiền điện tá»­ là việc làm cần thiết mà gần nhÆ° bắt buộc bạn cần phải làm để dá»± phòng trong trường hợp máy […]

    The post Hướng dẫn backup và khôi phục ví trữ tiền điện tử (Cryptocurrency) appeared first on Kungfu PHP.

              Comment on LawBot Rebrands As Elexirr; Launches Bot that Predicts Case Outcomes; Will Soon Add Referral Service and Issue Its Own Cryptocurrency by theweblv        
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              Cryptocurrency Trading News: Bitcoin Prices Push Higher as Dow Jones Slumps        

    In cryptocurrency trading news, Bitcoin prices pushed higher because of increased tensions between the United States and North Korea.

    Ethereum prices also climbed, but Bitcoin Cash prices slumped by more than 10%.

    Here's everything that happened in the digital currency world today...


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              Bitcoin retreats from all-time high even as Fidelity debuts digital-currency tracking        
    Bitcoin pulls back from its recent record on Wednesday, but the cryptocurrency enjoys some good news on the day, with Fidelity Investments announcing that it would feature tracking of the digital unit for its clients.
              Cryptocurrency Trading News: Bitcoin Prices Hit All-Time High        

    In cryptocurrency trading news, Bitcoin prices reached an all-time high.

    Although prices were volatile last week after the hard fork, investors are confident about the future of the digital currency.

    Here's the most important digital currency news to focus on...


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              Bitcoin Cash Prices Today Skyrocket 60% in 24 Hours        

    Bitcoin Cash prices today skyrocketed as much as 200%, but then came back down.

    Still, after the "hard fork," Bitcoin Cash prices still climbed by 60%.

    Here's everything you need to know about digital currencies today...


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              10 things you need to know about bitcoin        
    Jeff Reeves breaks through the confusion about bitcoin and other cryptocurrencies.
              Cryptocurrency Prices Today: Bitcoin Prices Rise Ahead of Aug. 1 Fork        

    In cryptocurrency news today, the price of Bitcoin climbed more than 2% ahead of the hard fork.

    The digital currency community is still torn, but many are excited for the creation of Bitcoin Cash.

    Here's all the news that is moving the prices of cryptocurrencies today...


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              Bitcoin Prices Today Climb on News of South Korean Regulation        

    Bitcoin prices today climbed as political leaders in South Korea are starting to adopt the cryptocurrency.

    Investors are viewing this as a sign of legitimization.

    Here's what else happened in the cryptocurrency world today...


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              Cryptocurrency Prices Today: SEC Regulates Initial Coin Offerings        

    Cryptocurrency prices today were mostly flat.

    Bitcoin and Ethereum prices were slightly down, while the prices of Ripple and Litecoin were slightly up.

    Here's what you need to know about the cryptocurrency market for July 26...


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              All Cryptocurrency Prices Today Have Volatile Swings        

    Cryptocurrency prices were mostly trading lower this afternoon (Tuesday, July 25).

    In fact, the cryptocurrency price for Stratis was down over 18% on the day.

    Here's what you need to know about the cryptocurrency market...


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              Cryptocurrency Prices Today: Dash Prices Rally 7.6% on Apple Store News        

    Cryptocurrency prices were mostly trading lower this afternoon (Monday, July 24).

    However, the big gainer today was Dash, which saw prices rally more than 7% in afternoon trading.

    Here's what you need to know about the cryptocurrency market today...


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              Why the Bitcoin Price Is Destined to Hit $5,000 This Fall        

    The Bitcoin price made big gains - as much as 60% - as a solution to the cryptocurrency's long-running scaling debate suddenly attracted a consensus.

    Bitcoin miners gave a proposal that would squeeze more transactions into each block 93.8% support. The break in the two-year impasse sent the price of Bitcoin soaring.

    The scaling debate isn't quite over yet though, as there's a phase two to this proposal coming in November.

    But the approval of this proposal could push the Bitcoin price to $5,000...


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              Cryptocurrency Prices Today: Bitcoin Nears One-Month High        

    Cryptocurrency prices traded mixed this afternoon on several news stories.

    Bitcoin and Ethereum traded lower, while Ripple and Litecoin posted solid gains.

    Here's what you need to know about cryptocurrencies today...


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              Cryptocurrency Prices Today: Bitcoin Pops 15% After Bullish Goldman Sachs Note        

    Cryptocurrency prices rallied higher today after multiple analysts issued bullish outlooks.

    Bitcoin surged 15.15%, while Ethereum saw a big recovery from yesterday's slump.

    Here's everything you need to know about cryptocurrencies today...


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    About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free. Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors.

    Disclaimer: © 2017 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201.

    The post Cryptocurrency Prices Today: Bitcoin Pops 15% After Bullish Goldman Sachs Note appeared first on Money Morning - We Make Investing Profitable.

              Cryptocurrency Prices Today: Ethereum Prices Drop on Heavy Volume        

    Cryptocurrency prices slumped today on news from the European Central Bank and EEA.

    Bitcoin and Ethereum both declined, with Ethereum plunging a whopping 14.8%.

    Here are the biggest cryptocurrency news stories today...


    To get full access to all Money Morning content, click here

    About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free. Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors.

    Disclaimer: © 2017 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201.

    The post Cryptocurrency Prices Today: Ethereum Prices Drop on Heavy Volume appeared first on Money Morning - We Make Investing Profitable.

              Why the Ripple Price Has Climbed 533% in 3 Months        

    Over the last three months, Ripple prices have skyrocketed.

    Even though Bitcoin and Ethereum get the most attention in the cryptocurrency world, Ripple prices have climbed over 533% in the last three months.

    Here's why this digital currency is starting to take off...


    To get full access to all Money Morning content, click here

    About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free. Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors.

    Disclaimer: © 2017 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201.

    The post Why the Ripple Price Has Climbed 533% in 3 Months appeared first on Money Morning - We Make Investing Profitable.

              You could own all the bitcoin, ethereum and other cryptocurrencies in the world ... or almost all of Starbucks        
    For $82 billion, you also could buy all the farmland in Ohio or timberland in Oregon — or bitcoin, etherum and the rest of the cryptocurrencies.
              3 Reasons Ethereum Prices Have Dropped 26% in July 2017 and What's Next        

    Ethereum prices are down 26% so far in July 2017.

    There were three events in June that have diminished confidence in the cryptocurrency.

    But even though Ethereum prices are down now, they could skyrocket by the end of 2017...


    To get full access to all Money Morning content, click here

    About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free. Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors.

    Disclaimer: © 2017 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201.

    The post 3 Reasons Ethereum Prices Have Dropped 26% in July 2017 and What's Next appeared first on Money Morning - We Make Investing Profitable.

              Why Ethereum Prices Are Down 21% in July 2017 and What's Next        

    Ethereum prices are down 21.62% so far in July 2017.

    There were two events in June that diminished confidence in the cryptocurrency.

    Here's why Ethereum prices are down and what to expect for the rest of 2017...


    To get full access to all Money Morning content, click here

    About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free. Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors.

    Disclaimer: © 2017 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201.

    The post Why Ethereum Prices Are Down 21% in July 2017 and What's Next appeared first on Money Morning - We Make Investing Profitable.

              Ethereum plunges 24% as cryptocurrencies hit by massive selloff        
    Cryptocurrencies led by bitcoin and Ethereum were falling across the board on Monday as a massive run-up this spring has spurred some profit taking.
              Teenage bitcoin millionaire can see the cryptocurrency’s value shooting as high as $1 million        
    What’s bitcoin going to be worth? An 18-year old bitcoin millionaire in Idaho says $100,000 to $1 million.
              Is bitcoin in a bubble? This metric suggests there’s more room to grow        
    Bitcoin has more than tripled this year and seems to make new records by the day, and one metric—a kind of P/E ratio for cryptocurrencies—suggests it still has room to grow.
              Three reasons to fear the coming crash in bitcoins        
    Bitcoin is on a tear, but even people who haven’t invested in the cryptocurrency could be hurt when it crashes, writes Matthew Lynn.
              Why Is the Ethereum Price Rising?        

    The Ethereum price is rising because of increasing institutional interest combined with a crisis in the Bitcoin community.

    The price of Ethereum is up 250% over the past month. Part of that is capital flowing out of Bitcoin as fear grows of a "hard fork" that would create two competing versions of Bitcoin.

    But the Ethereum price would be rising regardless of Bitcoin's woes.

    Here's why Ethereum has become a cryptocurrency to be reckoned with...


    To get full access to all Money Morning content, click here

    About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free. Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors.

    Disclaimer: © 2017 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201.

    The post Why Is the Ethereum Price Rising? appeared first on Money Morning - We Make Investing Profitable.

              Continuous learning        
    I believe we should be learning all the time. These are just a few of the things I work on in my idle time: Ham radio, Fusion360, growing my own food, and cryptocurrencies.
              Blockchain conference: Blockchain & Cryptocurrency Con 2018        
    Editor: This is an announcement about a project I’m involved with, no a paid announcement. Blockchain & Cryptocurrency Con 2018 will be the first, full-coverage, international conference...

    [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

              Earn about $350 just by creating a free CoinStarter account        
    CoinStarter is an outfit that offers an ICO service. If that acronym is new to you, it simply means, Initial Coin Offering, the cryptocurrency equivalent of IPO, or Initial Public Offering. Several...

    [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

              Monitoring cryptocurrency prices using JavaScript, Twilio Functions and SMS        
    Twilio recently introduced Functions, a serverless environment to build and run Twilio apps. With Functions, you can build simple Twilio applications in JavaScript without worrying about configuring...

    [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

              Column: How can the stock market rally possibly continue?        
    A screen displays trading information for German insurance firm Allianz on the floor of the New York Stock Exchange (NYSE) in New York, U.S., July 19, 2017. REUTERS/Brendan McDermid - RTX3C38E

    Photo by Brendan McDermid/Reuters

    Editor’s note: Vikram Mansharamani, for years a professor at Yale and who now teaches at Harvard, is an investment consultant, public speaker on economic trends and author of the book “Boombustology” about how to spot economic bubbles, the subject of a course he taught at Yale. Typically, Mansharamani writes confidently for Making Sen$e. But at the moment he’s bewildered. Here’s why.

    — Paul Solman, economics correspondent

    The world seems very fragile right now. In the past week, North Korea claimed its missiles could reach the United States, spurring some in Congress to run through the calculus of striking the rogue nation before it attacks us. Pakistani courts ruled against Nawaz Sharif, the sitting prime minister, thereby forcing him to resign; Venezuela created an authoritarian regime that started cracking down on opposition leaders; Polish citizens were marching in the streets to protest proposed changes to the judiciary; HBO announced it had been the victim of a cyberattack that had stolen proprietary information; Russia began seizing American property and evicting U.S. diplomats; and White House turnover has continued unabated.

    Oh, and Australian authorities stated they had thwarted a terrorist attempt to bring down a passenger aircraft. Last, but definitely not least, India and China flirted with military conflict over an unpaved road in a mountain pass in disputed territory in the Himalayan mountains.

    And that was just in the past two weeks!

    Despite these facts, financial markets have marched forward.

    Earlier in July, Brazil threw it’s ex-president Lula de Silva in prison, Saudi Arabia “reorganized” and installed the young and ambitious Mohammed bin Salman as Crown Prince, and Qatar’s airline was banned from flying in Egyptian, Saudi Arabian or Emirati airspace. Protests threatened instability in Morocco, Nigeria’s president Muhammadu Buhari has been absent for months, and South African president Jacob Zuma is facing a secret-ballot no-confidence vote tomorrow.

    Meanwhile, there are early warning signs that the world’s largest economies may be slowing. GM reported a 15 percent drop in U.S. auto sales (with Ford and Chrysler also disappointing), and Fitch noted that credit card losses have been rising and recently hit a four-year high. In an effort to address unemployment, Canada announced it’s experimenting with basic income programs. And China’s most recent manufacturing purchasing managers’ index came in below expectations, hinting at the possibility that China may be slowing down (although the country did just open a cinema on a disputed island in the South China Sea).

    Despite these facts, financial markets have marched forward, with the Dow closing above 22,000 for the first time last week. Sure, corporate profits have been generally quite good, but does that justify today’s nonchalant attitude toward these risks? Just look at the CBOE Volatility Index (known among financial types as the “VIX”) hitting new lows. Believed by many to be a measure of fear among investors, the VIX recently fell below 10, a level rarely seen in the past few decades. The implication: investors are not generally worried… which makes me worry!


    Further, the investment community appears more willing to pay handsomely for the profits companies produce. Consider the cyclically adjusted price-to-earnings ratio, also known as the CAPE ratio, which is an admittedly imperfect, but useful, measure of valuation. The CAPE ratio recently crossed 30, a level it rarely reaches. To put this in perspective, the CAPE hit 33 in 1929 before the Great Depression and 45 in 2000 as the dotcom bubble burst.

    Courtesy Richard Shiller

    Courtesy Robert Shiller

    The hope that many investors have is that corporate taxes in the United States, currently among the highest in the developed world, are likely to fall. The result: higher earnings, which with all else equal, means lower price-to-earnings ratios. But the beauty of economist Robert Shiller’s CAPE ratio is that he uses 10 years of average earnings. So one would have to believe that taxes are going to be reduced immediately and stay lower indefinitely, with corporate earnings thereby rising and staying higher for longer. The key phrase of everything I just discussed is “all else equal.” And I simply have trouble believing that all else will remain given the dynamics that I described above.

    And lastly, we have notable exuberance driving a formidable cryptocurrency bubble, eloquently and persuasively documented by Laura Shin in a recent Forbes piece titled “The Emperor’s New Coins.” Further, according to market data provider Coincap, there are currently more than 600 digital coins that in aggregate are supposedly worth more than $100 billion. And while blockchain technology will likely disrupt many businesses in the years to come, Shin’s article sheds light on the alarming speculative instincts that are thriving in the cryptocoin domain. If you haven’t read her article, I encourage you to do so.

    READ MORE: Column: Is the boom of bitcoin a bubble that’s about to burst?

    Regular readers of my columns may note that my concern about crypto-exuberance seems a contradiction from the piece I penned earlier this year on these very same electronic pages, in which I noted that bitcoin specifically did not exhibit the characteristics of a bubble. Well, since that piece was published, bitcoin has risen more than 300 percent and ether almost 2,000 percent. So yes, I’m changing my mind. As the saying goes, “when the facts change, I change my opinion… what do you do?” This is not to say that bitcoin and the cryptocurrency complex (it is indeed now a complex) won’t continue their ascent; they may. In fact, I still believe in the long-term potential of cryptocurrencies and am confident they have a role to play. It’s just that they are exhibiting the kind of speculative behavior that demands caution.

    So what am I missing?

    The world seems to be precariously balanced on the edge, with instability lurking in almost every region of the globe, but financial markets seem not to care.

    The world seems to be precariously balanced on the edge, with instability lurking in almost every region of the globe, but financial markets seem not to care. (Or they’re hoping that our current administration will lower taxes, that the world will stay identical to its current state, that profits will surge, etc). Speculative instincts are running high, and valuations today leave little margin of safety. It reminds me of the 1980s song “It’s The End of The World As We Know It (and I Feel Fine)” by REM.

    But surely there is a reason for the seeming disconnect, no? Might it be the devout faith in market efficiency? Could it be that the developments I’ve mentioned are fully factored in to market prices? Might it be the powerful and undying love of passive investing that has led to a world in which more and more money is doing less and less analysis? Or does the explanation lie with the famed 20th century British economist John Maynard Keynes, who wrote that, “Worldly wisdom teaches that it is better for reputation to fail conventionally than to succeed unconventionally”? In other words, is the risk-averse, career-driven decision-making of those controlling financial assets the reason for the continuation of this rally? Or perhaps, to use four words that makes anyone who thinks of bubbles shudder, it’s different this time?

    What do you think? Please let me know your thoughts in the comments below.

    The post Column: How can the stock market rally possibly continue? appeared first on PBS NewsHour.

              Get paid everday        
    Transparent,passive CryptoCurrency Exchange profits 1-1.5% Daily Paying since 2016 Not a bot! Not a Ponzi or a bogus Crypto Start as low as $10 http://instaurl1.top/0d928753
              Statutory Stumbling Block? Legal Implications of Using the Blockchain for Crowdfunding        

    The technology underlying bitcoin and many other cryptocurrencies—the blockchain—can be useful for any activity needing transaction verification or a trusted repository of information. Blockchain technology is particularly advantageous as it allows unfamiliar parties to interact with each other quickly and securely without high legal and transactional costs or the need to trust a central [...]

              Is Bitcoin the “it” Coin?        

    Bitcoin has taken the spotlight in the world of cryptocurrencies. Whether it’s Bitcoin’s name or a little beginner’s luck, this first attempt at cryptocurrency appears to be working and its first-mover advantage is paying off.

    It’s acceptance as a viable digital currency seems to be growing every day. Beginning with Overstock.com in January, [...]

              Commodity Champions: The crypto craze        
    Commodity Champions: The crypto craze In an interview to CNBC-TV18#39;s Manisha Gupta, NS Nappinai of Nappinai Co, Vishal Gupta of searchtrade.com, Saurabh Agrawal of Zebpay and Sathvik Vishwanath of Unocoin speak about the future and trends of cryptocurrency.
              Top Takeaways: Critical and Emerging Issues in Blockchain Law        

    Blockchain technology is no longer the next big thing, it is already here. While blockchain developers have been creating cryptocurrencies, … Continue reading Top Takeaways: Critical and Emerging Issues in Blockchain Law

    The post Top Takeaways: Critical and Emerging Issues in Blockchain Law appeared first on OsgoodePD Blog.

              The Rise and Rise of Bitcoin (Documentary)        
    In this full featured documentary about Bitcoin (a cryptocurrency), you will follow a computer programmer’s active interest in Bitcoin since the early beginning when Satoshi Nakamoto […]
              What's up at the W3C: further reading for Reply All listeners        

    The latest episode of the technology podcast Reply All features an excellent summary of some of the issues with the World Wide Web Consortium's current project to create a standard for restricting the use of videos on the web; we've created this post for people who've just listened to the episode and want to learn more.

    What's going on?

    The World Wide Web Consortium (W3C) is a standards body: they work to create open standards, rules for connecting up the web that anyone can follow, guaranteeing that anyone can make a web browser, web server, or website.

    In 2013, the W3C gave in to pressure from a few entertainment companies and big tech companies to make a new kind of standard: a standard for limiting how people could use the videos that they watched in their browser. These controlling technologies are called "Digital Rights Management" (DRM), and the W3C's DRM standard is called "Encrypted Media Extensions" (EME).

    What is EME for?

    That's a good question! The companies that want EME say that they need it to prevent copyright infringement. But long experience with DRM has shown, time and again, that it's just not hard to bypass these systems, and once one person figures out how to do that, they can upload un-DRMed versions of the videos to websites where people who want to violate copyright can go (the host of the Reply All episode explains right at the start that he does this when he can't get DRM to work).

    If DRM is about preventing piracy, it's not doing a very good job.

    OK, so what is EME for then?

    We think the real story here isn't the technology, it's the law.

    In 1998, Congress passed the Digital Millennium Copyright Act (DMCA), which includes an "anti-circumvention" rule that sets out very harsh penalties for tampering with DRM, and is worded so badly and broadly that it has been used to threaten, sue and even jail people who break DRM, even for a lawful reason.

    When DRM is deployed, it's never limited solely to preventing people from violating copyright law -- it also stops people from doing things that copyright law permits, but that companies don't like. Companies have all kinds of wishes about how their customers would use their products, but those are just wishes, not law. But when companies use DRM to enforce those wishes, they can turn them into law, because breaking the DRM is against the law.

    Take Netflix, one of the companies really eager to see DRM added to browsers. Netflix started out by mailing DVDs to its customers, something the movie studios hated. But Netflix bought those DVDs fair and square, and even though the copyright holders behind those discs didn't want Netflix to mail them around, those wishes were not laws, and so Netflix got to grow into the service we all use today.

    Today's Netflix has wishes, too: they want to stop you from recording your Netflix streams to watch later, or to move onto other devices. Those are just wishes too -- the same copyright law that makes DVRs and VCRs legal apply to Netflix streams too. But once Netflix uses EME to prevent you from doing this stuff, it can treat its wishes as laws -- and demand that you do the same.

    Are you sure this is just about laws?

    Pretty sure, yup! Just to double-check, EFF proposed a solution that would cleanly separate the technology from the broad powers that corporations get from DMCA 1201. Under our proposal, W3C members would agree that they could only use DMCA 1201 to stop people from doing something that was already illegal, like movie piracy.

    More than 40 W3C members support this proposal, but the companies that want DRM won't hear of it, and last week, the W3C's Director signaled that he wouldn't listen to the members who want this -- rather, he'll let the W3C be turned into an organization where big companies go to get new avenues for legal control, instead of new technologies.

    What will EME mean for the web?

    Once a company uses DRM in its product, it can threaten anyone who opens up that product in ways they don't like. The exact boundaries of DMCA 1201 are contested, with prosecutors, rightsholders, and some courts arguing for a very expansive scope. Because the penalties for losing a DMCA claim are so scary -- in some commercial circumstances it could mean a $500,000 fine and a 5-year prison sentence for a first offense! -- few people want to operate in the gray area threatened by DMCA 1201.

    There are three important groups in the web ecosystem who will lose their rights thanks to EME:

    1. Competitors: these are the intended targets of EME. Companies, free software projects, and individuals who want to let people do more with the videos in their browsers will need permission from the Netflixes of the world in order to develop their tools. It's a first for the W3C: a standard that's designed to stop people from improving the web in lawful ways.
    2. Security whistleblowers: these are an unintended -- but welcome (for some companies) -- target for EME. DRM advocates have said that merely disclosing defects in products that use DRM violates Section 1201 of the DMCA. The thinking goes like this: "When you tell people about the errors we made in designing our products, you also show them where the weak points in our DRM's armor is." Security researchers are routinely stopped from going public when they discover high-risk defects in widely used products because their institutions fear reprisal under DMCA 1201. Rather than protecting the right of these researchers to make truthful statements about defective products, the W3C is crafting voluntary guidelines to help its members to decide when to censor reports of defects in their products.
    3. People with disabilities: these are also an unintended target of EME. EME includes many adaptations to help those with disabilities enjoy videos, but there are plenty of ways this could be improved. Normally, adapting technology to accommodate disabilities is all about writing code, but because these adaptations would require bypassing DRM, accessibility toolsmiths will need to clear a thicket of permissions before they start work (or risk criminal and civil penalties).

    Who else feels this way?

    Lots of organizations in the W3C and hundreds of leading security researchers. The W3C members who've gone on record as supporting EFF's position include:

    • Accessibility organizations: Royal National Institute of Blind People (UK); Braillenet (France); Vision Australia and Media Access Australia (Australia); Benetech and SSB Bart (USA)
    • Research institutes: Lawrence Berkeley Labs; Eindhoven, Oxford, Kings College London, Open University, Vrije University
    • Public interest groups: EFF, Center for Democracy and Technology
    • Cryptocurrency, blockchain and security groups: Ethereum, Blockstream, White Ops
    • Commercial firms, webscale projects and browsers: Hypothes.is, Vivliostyle, Brave

    Is this just a US problem?

    Alas, no: the US Trade Representative has been a busy beaver, convincing almost all of the US's trading partners (with the sole exception of Israel) to adopt rules like this.

    But EFF is on the case: we're suing the US government to invalidate section 1201 of the DMCA.

              Indefensible: The W3C says companies should get to decide when and how security researchers reveal defects in browsers        

    The World Wide Web Consortium has just signaled its intention to deliberately create legal jeopardy for security researchers who reveal defects in its members' products, unless the security researchers get the approval of its members prior to revealing the embarrassing mistakes those members have made in creating their products. It's a move that will put literally billions of people at risk as researchers are chilled from investigating and publishing on browsers that follow W3C standards.

    It is indefensible.

    When the W3C embarked on its plan to create a standardized DRM system for video on the World Wide Web, EFF told them it was a bad idea, pointing out that such a system could be covered under Section 1201 of the DMCA, which provides for criminal and civil penalties for people who tamper with DRM, even for legitimate purposes, including security disclosures, accessibility adaptation for people with disabilities, and making innovative, competitive products and services (almost every other country has its own version of this law).

    The W3C told us that they were only concerned with the technological dimension of the work, not the legal ones -- if the problem was the DMCA, we should do something about the DMCA (we are).

    But the W3C has a tried-and-true method for resolving conflicts between open standards and technology law. In the W3C's earliest days, it wrestled with the question of software patents, and whether to allow its members to assert patents over the standards they were creating. In the end, the W3C became an open standardization trailblazer: it formulated a patent policy that required its members to surrender the right to invoke their patents in lawsuits as a condition of participating in the W3C process. It was a brilliant move, and it made the W3C the premier standards body for the web.

    We proposed that the W3C should extend this existing policy to cover the world's DRM laws. We suggested that W3C members should have to surrender their DMCA 1201 rights, making legally binding promises not to use DRM law to attack security researchers, technologists adapting browsers for disabled people, and innovative new entrants to the market.

    This proposal has picked up steam. Hundreds of security researchers have endorsed it, as have dozens of W3C members, from leading research institutions like Eindhoven, Oxford and Lawrence Berkeley Labs to leading nonprofits that work for disabled people, like the UK's Royal National Institute for Blind People, Vision Australia, Braillenet in France, and Benetech in the USA; and browser vendors like Brave and cryptocurrency companies like Ethereum. This measure has also been integrated into the leading definition of an "open standard."

    But last weekend, the W3C signalled that it would ignore all of these concerns, and instead embrace and extend the legal encumbrances created by its DRM work, creating a parallel working group that would develop "voluntary guidelines" for its members to employ when deciding whether to use the legal rights the W3C has created for them with EME to silence security researchers.

    Companies can and should develop bug bounty programs and other ways to work with the security community, but there's a difference between companies being able to say, "We think you should disclose our bugs in this way," and "Do it our way or we'll sue."

    Under almost every circumstance in almost every country, true facts about defects in products are always lawful to disclose. No one -- especially not the companies involved -- gets to dictate to security researchers, product reviewers and users when and how they can discuss mistakes that manufacturers have made. Security facts, like most facts, should be legal to talk about, even if they make companies unhappy.

    By its own admission, the W3C did not set out to create a legal weapon that would give companies the unheard-of power to force silence upon security researchers who have discovered critical flaws in products we all entrust with our financial details, personal conversations, legal and medical information, and control over our cameras and microphones.

    Considered separately from DRM standardization, this new project would be most welcome. The W3C is just the sort of place where we'd like to see best practices guidelines for offering incentives to use managed disclosure processes.

    But in creating a DRM standard, the W3C has opted to codify and reinforce the legal weaponization of DRM law, rather than dismantling it. Bad enough that the W3C has summarily dismissed the concerns of new entrants into the browser market and organizations that provide access to disabled people -- but in the case of security concerns, they've gone even further. When it comes to security concerns, the W3C has departed from the technological standards business to become legal arms dealers.

    We at EFF call on the W3C to reconvene its earlier negotiations to defang the legal consequences of its DRM work, and in so doing to transform its security disclosure work from a weapon to a normative guideline. It's one thing to help companies figure out how to make an attractive offer to the researchers who investigate browser security, but it's another thing altogether to standardize browser technology that empowers companies to sue the researchers who decline to take them up on the offer.

              Advisen: Blockchain Enters the Insurance World: What it is and how it could change the marketplace        

    Some lawyers and insurance professionals are still getting up to speed on “blockchain” – the technology that allowed bitcoin and other cryptocurrencies to develop, and that many experts say has much greater potential to change the way the world does business. Financial services experts have been watching blockchain for years, realizing its potential for disruption […]

    The post Advisen: Blockchain Enters the Insurance World: What it is and how it could change the marketplace appeared first on Risk Cooperative.

              Cryptocurrency for Dummies: Bitcoin and Beyond        
    Bitcoin created a lot of buzz on the Internet. It was ridiculed, it was attacked, and eventually it was accepted and became a part of our lives. However, Bitcoin is not alone. At this moment, there are over 700 AltCoin implementations, which use similar principles of CryptoCurrency.
              Bitcoin Tracker: Battle For The Cryptocurrency Crown        
    Distributed ledger technology (blockchain) has made significant headway this year, and people are starting to take notice. At the beginning of 2017, the cryptocurrency bitcoin was valued at just under $1,000 and soared up to over $3,000 in May. While it took a dive over the summer, bitcoin now comfortably sits at just over $3,000. […]
              Pitch for GoldMint        

    Company / App Name: GoldMint http://goldmint.io Twitter – @Goldmint_io What does it do? GoldMint is Blockchain based platform which operates gold-backed cryptoassets GOLD. It is being launched to provide gold ownership solutions for cryptocurrency investors. MNT is utility token used for operations. Why do we need it? GOLD holders will be able to use their…

    Read More

    The post Pitch for GoldMint appeared first on The Startup Pitch.

               ( Colombia)        
    THE FUTURE WITH CRYPTOCURENCY BANK MLM (CCBM) This Can Be HUGE! Registered: Cryptocurency Bank MLM (CCBM) International Commerce Centre,1 Austin Road West Kowloon, Hong Kong! . CCBM Pays $50 FREE in CCBM CryptoCurrency On Pre-Launch Phase!...
              Hong Kong Billionaire Opening the First and Largest Cryptocurrency Bank in the World! ( Altona)        
    THE FUTURE WITH CRYPTOCURENCY BANK (CCBM) This Can Be HUGE! Registered: Cryptocurency Bank MLM (CCBM) International Commerce Centre,1 Austin Road West Kowloon, Hong Kong! . CCBM Pays $50 FREE in CCBM CryptoCurrency On Pre-Launch Phase! Earn $...
              Hong Kong Billionaire Opening the First and Largest Cryptocurrency Bank in the World!        
    This Can Be HUGE! Registered: Cryptocurency Bank MLM (CCBM) International Commerce Centre,1 Austin Road West Kowloon, Hong Kong! . CCBM Pays $50 FREE in CCBM CryptoCurrency On Pre-Launch Phase! Earn $10 FREE in CCBM CryptoCurrency for Each Perso...
              Hong Kong Billionaire Opening the First and Largest Cryptocurrency Bank in the World! ( Altona)        
    THE FUTURE WITH CRYPTOCURENCY BANK (CCBM) This Can Be HUGE! Registered: Cryptocurency Bank MLM (CCBM) International Commerce Centre,1 Austin Road West Kowloon, Hong Kong! . CCBM Pays $50 FREE in CCBM CryptoCurrency On Pre-Launch Phase! Earn $...
              Hong Kong Billionaire Opening the First and Largest Cryptocurrency Bank in the World! ( Albanel)        
    The future with Cryptocurency Bank MLM (CCBM) This Can Be HUGE! Registered: Cryptocurency Bank MLM (CCBM) International Commerce Centre,1 Austin Road West Kowloon, Hong Kong! . CCBM Pays $50 FREE in CCBM CryptoCurrency On Pre-Launch Phase! Ea...
              Hong Kong Billionaire Opening the First and Largest Cryptocurrency Bank in the World!        
    This Can Be HUGE! Registered: Cryptocurency Bank MLM (CCBM) International Commerce Centre,1 Austin Road West Kowloon, Hong Kong! . CCBM Pays $50 FREE in CCBM CryptoCurrency On Pre-Launch Phase! Earn $10 FREE in CCBM CryptoCurrency for Each Perso...
              Hong Kong Billionaire Opening the First and Largest Cryptocurrency Bank in the World! ( Altona)        
    THE FUTURE WITH CRYPTOCURENCY BANK (CCBM) This Can Be HUGE! Registered: Cryptocurency Bank MLM (CCBM) International Commerce Centre,1 Austin Road West Kowloon, Hong Kong! . CCBM Pays $50 FREE in CCBM CryptoCurrency On Pre-Launch Phase! Earn $...
              Hong Kong Billionaire Opening the First and Largest Cryptocurrency Bank in the World! ( Ajax)        
    THE FUTURE WITH CRYPTOCURENCY BANK (CCBM) This Can Be HUGE! Registered: Cryptocurency Bank MLM (CCBM) International Commerce Centre,1 Austin Road West Kowloon, Hong Kong! . CCBM Pays $50 FREE in CCBM CryptoCurrency On Pre-Launch Phase! Earn $...
              Vitalik Buterin and Naval Ravikant to discuss Ethereum and ICOs at Disrupt SF        
     Cryptocurrencies are back. But did they ever go away? If you ask cryptocurrency advocates, they’re going to tell you that it’s been a slow and steady rise filled with initial coin offerings, forks and updates. That’s why we’re excited to welcome Ethereum co-founder Vitalik Buterin and AngelList co-founder and CEO Naval Ravikant at TechCrunch Disrupt SF. They’re… Read More

              Coinbase raises $100M at a $1.6B valuation amid explosive growth        
     Coinbase has had a pretty crazy six months. It may be hard to remember, but at the beginning of 2017 the cryptocurrency world was a different place. Bitcoin was below $1000 per coin and the entire market cap for all cryptocurrencies was about 7x less than it is today. Since then, the market has surged. And as arguably the most established wallet and exchange service that exists today, Coinbase… Read More

              Kommentar zu The Cryptocurrency Market Is Growing Exponentially von The Cryptocurrency Market Is Growing Exponentially – Deranged Scenery        
    […] Read Full Article : https://fbkfinanzwirtschaft.wordpress.com/2017/05/31/the-cryptocurrency-market-is-growing-exponentia… […]
              Can your gaming PC make you money?        
    CryptoCurrency has been in the news these past couple months and in this episode we take a candid look at some of the craziness surrounding why digital money is popular and how a typical gaming rig, with RGB LEDs, can make you money.














    2017-08-01---BitCoin、2つに分裂。BitCoin Cashが誕生。
    2017-08-02---【重要】Bitcoin Cash取扱い開始のお知らせ
    2017-08-05---Bitcoin Chashは落ち続け、Bitcoinは高騰!
    2017-08-06---BitcoinとBitcoin Cashは本当に反比例!
    2017-08-05---Bitcoin Chashは落ち続け、Bitcoinは高騰!
    2017-08-02---【重要】Bitcoin Cash取扱い開始のお知らせ
    2017-08-01---BitCoin、2つに分裂。BitCoin Cashが誕生。
    2017-03-10---米国証券取引委員会、投資家保護が不十分としてBitcoin ETF拒否。
    2017-01-06---スウェーデンの中央銀行、デジタル通貨Bitcoinに危機感 !
    2016-05-02---BBC Newsは、BitCoinの発明者が名のり出たと報告。
    2016-04-11---30のWebサイト蛇口(Website Faucets)のReally Payで無料のBitcoinsを得る。
    2014-11-24---フィリピンのGlobe Telecomは、アジアの拡張を捜している。
    2014-10-30---フィリピンのGlobe Telecomは、モバイル・マネー・サービスの手数料を放棄。
    2014-10-14---Bitcoin appsは、フィリピンのモバイル・マネー市場と連結。
    2014-10-08---Bitcoin appは、投資者としてブランソン他と連携した。
    2014-08-29---無料のBitcoins(Free Bitcoins)を手に入れることができる45のWebサイト
    2014-07-28---Blockchain.infoはApp StoreへBitcoin Wallet Appを戻した。
    2014-06-18---Bitcoin Bowlが、カレッジフットボールにやって来た。
    2014-06-16---アップルはApp Storeへ最初のBitcoin財布を許可。
    2014-06-02---アップルがBitcoin Appsにドアをあけた。
    2014-04-28---Googleは、Android App Storeから、Bitcoin Mining Appsを削除。
    2014-02-06---アップルは市場からトップのBitcoin appを落とした。
    2013-12-15---電子通貨「ビットコイン」 投機性に魅力とリスク 。
    2005-01-05---米国の2004年第4四半期株式公開 Top 10。
              Comment on Cryptocurrency: Is Bitcoin the Future of Money? by Tim McMahon        
    Payza, Thanks! We do use a caching plugin but have experienced a lot of Denial of Service attacks lately. Sorry.
              Comment on Cryptocurrency: Is Bitcoin the Future of Money? by payza        
    fintrend.com is very informative but it loads very slow. You should use caching plugin-in buddy
              SN 616: Things Are Getting Worse        

    Security Now (MP3)

    This week we discuss clever malware hiding its social media communications, the NSA documents the Russian election hacking two-factor authentication bypass, meanwhile, other Russian attackers leverage Google's own infrastructure to hide their spoofing, Tavis finds more problems in Microsoft's anti-malware protection, a cryptocurrency-stealing malware, more concerns over widespread Internet-connected camera design, malware found to be exploiting Intel's AMT motherboard features, the new danger of mouse cursor hovering, Apple's iCloud sync security claims, Azure changes their CA, a bunch of catch-up miscellany and a bit of closing the loop feedback from our listeners.

    We invite you to read our show notes.

    Hosts: Steve Gibson and Fr. Robert Ballecer, SJ

    Download or subscribe to this show at https://twit.tv/shows/security-now.

    You can submit a question to Security Now! at the GRC Feedback Page.

    For 16kbps versions, transcripts, and notes (including fixes), visit Steve's site: grc.com, also the home of the best disk maintenance and recovery utility ever written Spinrite 6.

    Bandwidth for Security Now is provided by CacheFly.

              Is Bitcoin Illegal? The Criminal Consequences of Using Cryptocurrency        

    While most people don’t know how to purchase bitcoin, they’ve definitely heard about it. News stories abound about how the cryptocurrency’s anonymous nature makes it perfect for illegal activities. Cybercriminals who perpetrate large-scale ransomware attacks, like WannaCry and Petya, often demand that their victims pay using bitcoins. Bitcoin is a form of cryptocurrency – a digital asset that can act ...

    Read More

    The post Is Bitcoin Illegal? The Criminal Consequences of Using Cryptocurrency appeared first on Fort Worth Criminal Defense Attorneys, DWI Lawyers, Sexual Assault and Federal Criminal Defense Lawyers | Varghese Summersett PLLC.

              Mind’s an abyss : Sedo offer wants to pay in ICO tokens for domain        

    Cryptocurrencies are all the rage currently, and new ones are popping with initial coin offering (ICO) rollouts. What that means is, that people are printing their own digital money – or “tokens” as they are described, for legal reasons. Once on the exchange, those new cryptocurrencies begin their dubious appreciation game, and they can be […]

    Copyright DomainGang

              BTC : The crazy history of the domain Bitcoin.com        

    If you invest in Bitcoin, it’s currently trading at $3,300 dollars. The world’s biggest cryptocurrency is not anonymous, but it has created many fortunes for its long-term holders, some of which might be questionable. Bitcoin.com is the exact match domain of the cryptocurrency, and it was acquired in the early 2010s by Roger Ver, its […]

    Copyright DomainGang

              Coinbase Security with Philip Martin        
    At Coinbase, security is more important than anything else. Coinbase is a company that allows for storage and exchange of cryptocurrencies. Protecting banking infrastructure is difficult, but in some ways the stakes are higher with Coinbase, because bitcoin is fundamentally unregulated. If a hacker were able to syphon all of the money out of Coinbase accounts, Coinbase would have no recourse–which means this is a more sensitive problem than the

    Continue reading...

              Coinbase Antifraud with Soups Ranjan        
    Coinbase is a platform for buying and selling digital currency: bitcoin, ethereum, and litecoin. Every payments company deals with fraud, but a cryptocurrency company has a harder job than most payments companies, because bitcoin transactions are anonymous and non-reversible. This is in contrast to a bank, which deals with a regulated, reversible transaction system. Soups Ranjan is the director of data science at Coinbase. In this episode, he walks through

    Continue reading...

              Coinbase Currencies with Linda Xie and Jordan Clifford        
    Cryptocurrencies have seen a surge of value recently. People are starting to see that bitcoin, ethereum, and other currencies are not just for speculation. At worst, they are a store of value–like digital gold. At best, they are a tool for micropayments, smart contracts, and an entire decentralized financial platform. Coinbase is a company for buying and selling cryptocurrencies. This episode is the first of three interviews with different members

    Continue reading...

              Fighting Fraud at Coinbase with Soups Ranjan        
    A cryptocurrency exchange faces a uniquely difficult fraud problem. A hacker who steals my credentials can initiate a transfer of all my bitcoin to another wallet, and it is a non-reversible, non-identifiable payment. So it is really important to prevent those kinds of fraudulent transactions. At the third Software Engineering Daily Meetup, Coinbase director of data science Soups Ranjan explained how Coinbase stays ahead of fraudsters, and he describes some

    Continue reading...

              Blockchain Applications with Mike Goldin        
    Cryptocurrencies are not only a financial instrument–they are a new platform for building applications. The blockchain allows for new solutions to digital property management, micropayments, hedge fund incentives, and ad fraud. The cryptocurrency platforms with the most traction are Bitcoin and Ethereum. Bitcoin has no central leader and is going through some growing pains with governance issues. Ethereum is led by the charismatic Vitalik Buterin. Bitcoin and Ethereum are not

    Continue reading...

              Buying Ethereum? Consider Using a CFD        
    Ether (or Ethereum), the world’s second-largest cryptocurrency, has been all the rage recently, generating quite the following and showing a significant increase in value. This recent attention has many people wanting to enter the Ether market and invest in Ethereum. However, since it is not a traditional currency, access to it could be restricted and […]
              [video] What are Altcoins and ICOs – Bitcoin Whiteboard Tuesday        

    The post [video] What are Altcoins and ICOs – Bitcoin Whiteboard Tuesday appeared first on 99 Bitcoins.

    Today’s topic is altcoins and ICOs. In this episode, we’re going to go over some of the different cryptocurrencies out there and explain what are ICOs. So let’s get started!   Altcoins, or alts in short, are cryptocurrencies that are not Bitcoin. The word altcoin is an abbreviation of alternative coins. So Litecoin, Ripple, Dash [...]

              How to Buy Dash in 3 Simple Steps – A Beginner’s Guide        

    The post How to Buy Dash in 3 Simple Steps – A Beginner’s Guide appeared first on 99 Bitcoins.

    Dash Is Digital Cash Dash is a popular open source, peer to peer (P2P), decentralized cryptocurrency that offers a number of advantages over fiat currency, Bitcoin, and other cryptocurrencies.  The Dash Core team consists of around 50 employees who are continually improving the protocol.  By focusing on ease of use, exposure, and technological advancements, expect [...]

              [Review] Changelly VS ShapeShift – The “Instant” Cryptocurrency exchanges        

    The post [Review] Changelly VS ShapeShift – The “Instant” Cryptocurrency exchanges appeared first on 99 Bitcoins.

    The recent altcoin boom has brought in a lot of new cryptocurrency traders and many people are looking for quick, cost effective ways to buy altcoins like Ethereum, Litecoin, Monero and others. In today’s post I want to cover a relatively new type of altcoin exchange. It’s something I call “instant” cryptocurrency exchanges. These exchanges [...]

              Top 25 Bitcoin and Cryptocurrency Websites Worldwide        

    The post Top 25 Bitcoin and Cryptocurrency Websites Worldwide appeared first on 99 Bitcoins.

    Today’s post is a short one. It’s more of a list than an actual post. Due to the recent surge in Bitcoin’s price I decided to review what are the top 25 sites worldwide dealing with Bitcoin. I ranked the sites according to the amount of traffic they receive each month. I’ve used the Alexa ranking algorithm for [...]

              Sia – Cheaper Cloud Storage        
    I’ve been following this project for a while now. If you haven’t noticed the recent explosion of progress in the cryptocurrency world then you must of been living under a rock! SIA aims to be the go to platform for cheap storage at a fraction of the price of traditional centralized options like AWS & … Continue reading Sia – Cheaper Cloud Storage
              The Cryptocurrency Dogecoin Leads the Way on eBay        
    (News4us.com) April 26, 2014 Cryptocurrency sales have taken off big time on eBay thanks to the auction giants recent positive reversal on trading electronic currencies. The Dogecoin is leading the pack and definitely the most popular cryptocurrency offered for sale at this point in time, with multiple denominations of the currency available at various prices. […]
              Cryptocurrency Sales Soar on eBay        
    (News4us.com) April 19, 2014 For those wanting to venture into the fast growing realm of Cryptocurrencies, but not sure how to proceed without spending a fortune, or buying the wrong ones. Now there is good news! They can simply head over to eBay and pick up various Cryptocurrency coins on the cheap by conducting a […]
              CryptoCurrency Market Shows Overall Positive Gains        
    (News4us.com) April 12, 2014 The Cryptocurrency Market saw many positive gains over the past 24 hours with over 100 of these relatively new electronic currencies showing positive movement. The biggest mover in Cryptocurrencies yesterday was the  GPUCoin rising over 273% in 24 hours. That shows confidence in the small Crypto start-up whose market capitalization is […]
              The Bitcoin Bubble: Hidden Risks And The NSA        
    “These digital currencies might make fiat currencies look good. That’s how bad they are.” – Peter Schiff Until proven otherwise, Bitcoin, and all cryptocurrencies for that matter, are faith-based “currencies,” just like the U.S. dollar or any other fiat currency. Instead of “full faith and credit of the U.S. Government,” cryptocurrencies require full faith in … Continue reading The Bitcoin Bubble: Hidden Risks And The NSA
              Cryptocurrency Devaluation And The Russian-Chinese Golden Bond        
    Here’s the latest update from the collaborative effort between The Daily Coin and Investment Research Dynamics, AKA the Shadow of Truth:
              Three strategies for trying out cryptocurrency – least risky to most risky        
    I was talking to someone on Friday about the risks of cryptocurrency. There are essentially three strategies: a) LEAST RISKY In this strategy, one invests something the loss of which one can live with (say, $200) and waits for the value to double (say, to $400). At that stage, one can withdraw the $200 and leave […]

              Money is a subset of value and is therefore purely subjective. And so, cryptocurrency is money.        
    My comments on an article in The Australian today: Crytocurrency is no flash in the pan, no tulip bubble. It is a mega breakthrough in peer to peer trust technology and represents one the earliest uses of this technology, which is already making its way across the existing banking system, across central banks, across governments, […]

              Comment on Compound Interest and the Spiritual Experience – Part 1 by Compound Interest and the Spiritual Experience – Part 2 | Beus – Epic Storyteller        
    […] Last week we briefly went over the current events surrounding the surprising rise of cryptocurrencie… This week, we talk about Compound Interest a little more, away from the cryptocurrency market. […]
              Understanding CryptoCurrency: FREE 12 Part Bitcoin Video Tutorial        
    CryptoCurrency is a revolution that’s taking over the world right now. Unfortunately, a lot of persons are still in the dark about how this incredibly transformative income generator works. In this 12-part video tutorial you will learn all you need to know about cryptocurrencies with specific reference to bitcoin. By the way, it will interest you to know that there is something big happening around the Cryptocurrency circle… Hong Kong Billionaire Opens First and Largest CryptoCurrency Bank in the World! Cryptocurency Bank MLM (CCBM) International is right now on prelaunch and you can get in at the ground level and
    Understanding CryptoCurrency: FREE 12 Part Bitcoin Video Tutorial was first posted on July 24, 2017 at 5:04 pm.
    ©2014 "The Web Income Journal!". Use of this feed is for personal non-commercial use only. If you are not reading this article in your feed reader, then the site is guilty of copyright infringement. Please Click here to contact me.

              Opalesque Roundup: Explosion of new hedge funds focused on cryptocurrency: hedge fund news, week 31        
    In the week ending 28th July, 2017, Enigma has launched Catalyst which aims to see an explosion of new hedge funds focused on cryptocurrency as an asset class; Daniel Masters launched an ethereum-subscribed ICO investment vehicle; JTC, law firm Carey Olsen and Global Advisors has confirmed the provision of fund administration and corporate services in the world's first regulated, crypto-de...
    Article Link
              Comment on New TV series based on a cryptocurrency by Fried        
    This is a very informative blog with important information that all should read.  Thanks for Sharing !!
              Cryptocurrencies are booming        
    Donec quam felis, ultricies nec, pellentesque eu, pretium quis, sem. Nulla consequat massa quis enim. Lorem ipsum dolor sit amet, consectetuer adipiscing elit. Aenean commodo ligula eget dolor. Aenean massa. Cum sociis natoque penatibus et magnis dis parturient montes, nascetur ridiculus mus. Donec pede justo, fringilla vel, aliquet nec, vulputate eget, arcu. In enim justo, rhoncus […]
              Why cryptocurrency domain names were a good bet        

    Domains seem cheap to early investors in cryptocurrencies. Sedo’s top public domain name sale this week was CryptoNews.com at €43,000. This is the latest in a string of cryptocurrency related domain names that have sold. The most storied sale was probably BTC.com for $1 million back in 2014. Whenever a new technology comes out people […]

    The post Why cryptocurrency domain names were a good bet appeared first on Domain Name Wire | Domain Name News & Views.

              Ethereum’s Market Cap Takes The Number Three Spot        

    The turing complete token Ethereum has been making strides towards the top spot in cryptocurrency...

    The post Ethereum’s Market Cap Takes The Number Three Spot appeared first on Bitcoinist.com.

              It's Time To Beat Up On Credit Suisse and Their Woefully Misinformed Bitcoin Advice        

    There is no such thing as a trustworthy trusted partyCredit Suisse has been posting cryptocurrency advisories over the last few weeks. They are quite one-sided, although couched in the appearance of objectivity. To explain why it's couched in the appearance of objectivity, and not actually objective, let me give you some background. 

    The Obama administration enacted a law known as the Fiduciary Rule, as per Investopedia

    The Department of Labor’s definition of a fiduciary demands that advisors act in the best interests of their clients, and to put their clients' interests above their own. It leaves no room for advisors to conceal any potential conflict of interest, and states that all fees and commissions must be clearly disclosed in dollar form to clients. The definition has been expanded to include any professional making a recommendation or solicitation — and not simply giving ongoing advice. Previously, only advisors who were charging a fee for service (either hourly or as a percentage of account holdings) on retirement plans were considered fiduciaries.

    Although the Trump administration looks like it will repeal this law. the question is still begged, what conflcts of interests and hidden "gotchas" are not exposed? Well, here are videos that explain why banks will likely never be pro bitcoin, regardless of how tranformational it may be.


    So, if banks are not going to benefit from Bitcoin, chances are their employees are not going to support bitcoin. Who are the most published bank employees? Analysts, to wit, Credit Suisse, stage left - Is Bitcoin Safe?

    Bitcoin does carry some unique risks. The value of the cryptocurrency has been three times as volatile as the price of oil and 11 times more than the post-Brexit exchange rate between the dollar and the British pound.

    With all due respect, this is a very ignorant, malinformed, incomplete viewpoint. I actually do mean that with respect intended. I'm not trying to maligh Credit Suisse, but... Look at this: 2+2=?.

    Tell me, what do you get from that? If you said 4, then you get my point. To really gather meaning from an equation, you have to look at both sides of the equal sign. Credit Suisse state the unique financial risks of bitcoin, yet ignores the very unique financial benefits. Look at these numbers from a guy who does not have a financial or stragetic inventive to downplay Bitcoin.

    Annually, since 2011, Bitcoin has had 75x the volatility as WTI crude oil. Credit Suisse (who gave a much lower vol. number, but that depends on how often you sample the data) will have you believe that is bad, but for long investors, volatility is not the enemy. The enemy is downside risk. When you strip out upside movements, which is what we all really want, Bitcoin only has .15x more downside risk than oil. Wait! I'm not finsished yet. Remember, we need to look at both sides of the risk/reward equation. When comparing the upside, BTC has 203x the average excess return of WTI crude oil. To be clear, .15x more downside risk, and 203x more upside. 

    Credit Suisse, are you sure you made a valid comparison between oil and bitcoin?

    Bitcoin vs WTI crude oil risk and returns

    Hey, it's not just Credit Suisse, its all of the major banks and central banks as well. It's also the Financial Times, the London Business School and CNN Money, amomt many, many others. Reference 

     BTW, these numbers hold up just as well for the comparison to GBP as well. As compared to the GBPUSD forex pair, Bitcoin has 333x the volatity, but onl 7x the downside risk (remember, if you're holding long, you ony want to concern yourself with prices going down, not up), and 1,017x the return. Again, Credit Suisse, as financial professionals, what the hell were you measuring?

    Bitcoin vs GBP risk and returns

    Now, of course, Credit Suisse did have some positive things to say about bitcoin - just not the stuff you can invest in directly, to wit: Forget Bitcoin, but Remember Blockchain? Why, you ask? Well, banks are attempting (not necessarily wholeheartedly, though) to rebuild there backends on top of technology that underpins bitcoin. Of course, since banks don't make markets in bitcoin (the token) itself, it's too risky for their clients (unless said clients read BoomBustBlog). Next up, I will show all how to create a bitcoin investment portfolio an blend it into your more conventional investments. If you are interested in such, you'd probably want to catch up by reading these:

    Subscribe to our proprietary research and analysis here, where you get the chance to pick my brains and that of my staff over the phone, in person or through email..

              Bitcoin (and Apple) Mythbusting 101        

    Yesterday, I did a radio interview with Benzinga. In it I busted myths about Apple, Bitcoin and Coins in general (ABCs). Listen to the interview below and the info sheets afterwards and let me know if you knew this stuff was possible with today's tech - and Apple! 

    As for Apple...

    And more on http://Ultra-Coin.com...

    Why am I so bullish on Bitcoin? Note: this is not an offer to buy or solicitation for securities and is presented for illustrative purposes only.

    Veritaseum Executive Summary page one

    Veritaseum Executive Summary page two

    As we roll out Veritaseum's UltraCoin ZeroTrust Smart Contracts, I'll be posting much more on "the new way of doing business".

    Media Exposure

    1. Reggie Middleton Intro
    2. How Reggie Middleton's Start-up Patented The Future of Global Finance!
    3. Reggie Middleton on Wikipedia
    4. Who is Reggie Middleton?
    5. Bitcoin is not just digital currency. It's Napster for finance.
    6. Reggie Middleton's UltraCoin @ NYC CryptoCurrency Convention
    7. Reggie Middleton Wins CNBC Stock Draft for the 2nd time in a row - with the same stock

              Did Money Center Bank Ignorance of CryptoCurrencies Allowed A Start-up To Patent The Future of Global Finance?        

    Bloomberg ran a story earlier this week illustrating the human capital flight out of the Wall Street machine and into tech:

    At elite universities, fewer MBA and finance candidates are willing to even consider a life of missed weddings, busted romances and deep-into-the-night deal negotiations. The percentage of Harvard Business School graduates entering investment banking, sales or trading dropped to 5 percent last year from 12 percent in 2006, while those entering technology almost tripled to 18 percent during that period.

    At the University of Pennsylvania’s Wharton School, the percentage of MBAs entering investment banking dropped to 13.3 percent last year from 26 percent in 2006, while those entering tech more than doubled to 11.1 percent.

     Those of you who have been following finance from the Wall Street/Bay Street/Canary Wharf perspective realize that this is a cyclical occurence. Basically, Wall Street falls out of favor with MBA whiz kids every ten years of so. But!!!! This time is different. This time around, Wall Street, et. al. is about to succumb to the destructive forces of technology that transformed, revolutionized, disintermediated, gutted and absolutely reinvigorated the media, news and retail industries. 

    That's right! The Internet Paradigm Shift has finally hit Global Finance... and it's going to hurt, and hurt a lot!

    As many know, the I've poured my time and resources into a start-up by the name of UltraCoin. Many have been clamoring for white papers and details, and I have been purposely secretive about such. The reason? I needed to entrency protection from my competition - the money center banks. How did I do this? Well...

    I patented the future of Global Finance!

    patent to the Future of finance big

    This video illustrates my presentation to both the mainstream and alternative media as I start my capital raising rounds from venture capitalists and strategic investos alike. Check it out!

    We're looking for financial and human capital as we prepare to expand globally. Financial capital is self-explanatory. On the human capital side...
    We're seeking a full stack contract developer. Must be proficient in: Java or C#; git, bzr, or similar. Must have a solid understanding of: race conditions and how to avoid them; scalable concurrency and data integrity architectural concepts (replication, sharding, etc.); software development processes and best practices. Proficiency in some CRUD technology (*SQL, NoSQL, etc.) as well as and some scripting language (Javascript, PHP, Python, etc.) is highly preferred. Experience with the Bitcoin protocol is a huge plus. Your first interview is to e-mail your resume along with a response to this challenge: https://gist.github.com/mbogosian/28815ae606c663c983c3

    Must be willing to sign an NDA. You should be knowledgeable and competent, but we prefer grit to genius. Prima donnas need not apply.

              WanaCrypt0r Ransomworm        
    Written by Sergei Shevchenko and Adrian Nish

    Since the release of the ETERNALBLUE exploit by ‘The Shadow Brokers’ last month security researchers have been watching for a mass attack on global networks. This came on Friday 12th May when it was bundled with ransomware called WanaCrypt0r and let loose. Initial reports of attacks were highlighted by Telefonica in Spain but the malware quickly spread to networks in the UK where the National Health Service (NHS) was impacted, followed by many other networks across the world.

    The infographic below illustrates the key components of the WanaCrypt0r ransomware. This is described in further detail in subsequent sections of this report along with initial clues on attribution.

    ANALYSIS: Initial Vector

    The initial infection vector is still unknown. Reports by some of phishing emails have been dismissed by other researchers as relevant only to a different (unrelated) ransomware campaign, called Jaff.

    There is also a working theory that initial compromise may have come from SMB shares exposed to the public internet. Results from Shodan show over 1.5 million devices with port 445 open – the attacker could have infected those shares directly.
    The Dropper/Worm

    The infection starts from a 3.6Mb executable file named mssecsvc.exe or lhdfrgui.exe. Depending on how it's executed, it can function as a dropper or as a worm.

    When run, the executable first checks if it can connect to the following URL:


    The connection is checked with the WinINet functions, shown below:

    01 qmemcpy(&szUrl,
    02         "http://www.iuqerfsodp9ifjaposdfjhgosurijfaewrwergwea[.]com",
    03         57u);
    04 h1 = InternetOpenA(0, INTERNET_OPEN_TYPE_DIRECT, 0, 0, 0);
    05 h2 = InternetOpenUrlA(h1, &szUrl, 0, 0,
    07                       0);
    08 if (h2)
    09 {
    10   InternetCloseHandle(h1);     // if connection succeeds, then quit
    11   InternetCloseHandle(h2);
    12   result = 0;
    13 }
    14 else
    15 {
    16   InternetCloseHandle(h1);     // if connection fails
    17   InternetCloseHandle(0);
    18   PAYLOAD();                   // then call the payload
    19   result = 0;
    20 }
    21 return result;

    That means that if the executable is unable to connect to the URL above, it will call the payload. Alternatively, it will activate a payload on an air-gapped system, such as a system within a hospital network.

    It is also worth noting that this connection is not proxy aware, therefore in an enterprise IT environment it is unlikely to be able to connect to the domain triggering the payload.

    If the executable is run with no command line parameters, it will register and then run itself as a service:

    Service name: "mssecsvc2.0"
    Service Description: "Microsoft Security Center (2.0) Service"
    Service executable: "%ORIGINAL_NAME% -m security"

    where %ORIGINAL_NAME% is the original name of the executable, such as mssecsvc.exe or lhdfrgui.exe.

    Next, it will start the created service. The payload of the executable will load its own resource called "R/1831", and save it as:


    The original c:\windows\tasksche.exe file is renamed into c:\windows\qeriuwjhrf.

    Finally, the executable will execute the dropped resource as:

    "c:\windows\tasksche.exe /i"

    If this executable is started as a service, its service handling procedure will invoke a network replication code, explained below.

    EternalBlue Port

    Since the Shadow Brokers leaked the EquationGroup / NSA FuzzBunch software, a researcher with the handle @zerosum0x0 has reverse engineered the ETERNALBLUE SMBv1/SMBv2 exploit against Windows Server 2008 R2 SP1 x64. This was released on 21st April 2017.

    As @zerosum0x0 predicted:

    “Every major malware family, from botnets to ransomware to banking spyware, will eventually add the exploits in the FuzzBunch toolkit to their arsenal. This payload is simply a mechanism to load more malware with full system privileges... This is a jewel compared to the scraps that were given to Stuxnet. It comes in a more dangerous era than the days of Conficker. Given the persistence of the missing MS08-067 patch, we could be in store for a decade of breaches emanating from MS17-010 exploits. It is the perfect storm for one of the most damaging malware infections in computing history.”

    This work was further expanded on with an open-source project "MS17-010 Windows SMB RCE", developed by RiskSense Operations, and includes both a Metasploit scanner and a Python port.

    On 9th of May 2017, the Python port was further improved to "Store original shellcode in binary, rather than python string representation".

    In order to "Make it faster", the shellcode was now declared as binary, further lowering the barrier of porting it into C++ code.

    It appears that the ransomware took advantage of the published Python source, along with the shellcode binaries – the SMB structures found in the ransomware are identical to the published ones (e.g. the “Exploits” section of this project was used to infect remote hosts with DOUBLEPULSAR backdoor). The published raw SMB packets appear to be copy-pasted into C++ code, and then recompiled using ported blobs – most likely without even understanding how the EternalBlue SMBv1/SMBv2 exploit actually works.

    A detailed description of the network replication and worm functionality is described in Appendix B.
    The Payload

    The payload is a 3.4Mb file called tasksche.exe, created from the worm's resource "1831". Such a large size is explained by the bundled TOR executables along with other tools and configuration files.

    Internal name of this executable is diskpart.exe.

    This file contains another embedded resource in it, named as "XIA/2058". This resource is a ZIP file.

    If the file detects it was executed without the "/i" switch – that is, it was not executed by the worm, it will register itself as a service to provide itself with a persistence mechanism that does not require the worm.

    For that, it will first generate a pseudo-random name that is derived from the current computer name. For example:


    Next, it will create read-only directories, and copy itself into those directories, such as:

    •   â€¢  c:\ProgramData\%RANDOM_NAME%\%EXE_NAME%
    •   â€¢  c:\Intel\%RANDOM_NAME%\%EXE_NAME%

    where %RANDOM_NAME% is the previously generated pseudo-random name, and %EXE_NAME% is the name of its own executable.

    For example:

    •   â€¢  c:\ProgramData\tdyhddeaprj852\tasksche.exe
    •   â€¢  c:\Intel\tdyhddeaprj852\tasksche.exe

    Next, it will create a new service:

    Service name: %RANDOM_NAME% Service Description: %RANDOM_NAME% Service executable: "cmd.exe /c %FULL_PATH_FILENAME%"

    where %FULL_PATH_FILENAME% is the full path filename of the malicious executable.

    Following this, it starts the service or directly runs the newly created executable as:

    "cmd.exe /c %FULL_PATH_FILENAME%"

    To make sure there is only one copy of the executable running, it relies on a mutex named as:

    Encryption Phase

    The malware then proceeds to its file encryption phase.

    It will register its working directory in the registry value:

    HKLM\SOFTWARE\WanaCrypt0r\wd: "%WORKING_DIR%"

    Next, it will unzip its embedded resource "XIA/2058" into the working directory, using ZIP password "WNcry@2ol7".

    This will create a number of the files, such as a command line TOR executable, required libraries, ransom messages in various languages, and other tools:

    •   â€¢  b.wnry – a bitmap image with the ransom note in it
    •   â€¢  c.wnry – binary configuration file
    •   â€¢  r.wnry – a text file with the ransom note in it
    •   â€¢  s.wnry – a ZIP file with command line TOR executable, required libraries
    •   â€¢  t.wnry – encrypted ransomware DLL
    •   â€¢  taskdl.exe – an executable that enumerates and deletes temp files on each drive, looking for files with .WNCRYT extension in %DRIVE%:\$RECYCLE and %TEMP% directories
    •   â€¢  taskse.exe – an executable that starts @WanaDecryptor@.exe
    •   â€¢  u.wnry – ransomware’s decryptor executable that opens a GUI with a ransom note in it
    •   â€¢  msg\m_*.wnry – a directory with ransom notes in different languages

    It will then read the unzipped configuration file c.wnry – this file contains the following list of .onion domains:


    Next, it picks up a random Bitcoin address out of three hard-coded ones – the list below shows the balances at the time of analysis:

    13AM4VW2dhxYgXeQepoHkHSQuy6NgaEb94 - 15.13562354 BTC = $26410
    12t9YDPgwueZ9NyMgw519p7AA8isjr6SMw - 13.78022431 BTC = $24045
    115p7UMMngoj1pMvkpHijcRdfJNXj6LrLn - 5.98851225 BTC = $17361

    Hence, the total amount of the collected ransom at the time of writing is ~USD$68K.

    The selected Bitcoin address is then saved back into c.wnry file. Thus, the purpose of this file is to store configuration.

    Next, the ransomware runs the following commands to assign 'hidden' attribute to all of its files and to allow full access rights for all users:

    "attrib +h ."
    "icacls . /grant Everyone:F /T /C /Q"

    It then imports a 2048-bit public RSA key from a hard-coded 1,172-byte blob, stored within the executable. Next, it reads the unzipped resource file t.wnry that starts from a "WANACRY!" marker, and decrypts an AES key from here, using an RSA public key.

    The recovered AES key is then used to decrypt the rest of t.wnry file contents, using AES-128 (CBC).

    The blob decrypted from t.wnry turns out to be a PE-file - the malware parses its PE header, then dynamically loads into a newly allocated memory, and calls its entry point.

    This PE file is a DLL, and the called entry point corresponds to its DllEntryPoint() export.

    Internal name of this DLL is kbdlv.dll. The malware locates and then calls its export TaskStart().
    The Ransomware DLL

    The main DLL module of the ransomware has an internal name kbdlv.dll. Its export TaskStart() is called to invoke the ransomware’s file encryption logic.

    The DLL first creates a mutex "MsWinZonesCacheCounterMutexA" to make sure there is only one copy of ransomware activated. Next, it reads c.wnry - a configuration file that stores the list of TOR services.

    The ransomware will attempt to terminate a number of processes, such as SQL server and MS Exchange server, by running commands:

    taskkill.exe /f /im mysqld.exe
    taskkill.exe /f /im sqlwriter.exe
    taskkill.exe /f /im sqlserver.exe
    taskkill.exe /f /im MSExchange*
    taskkill.exe /f /im Microsoft.Exchange.*

    It will then spawn a number of threads, including a file encryption thread.

    It will not attempt to encrypt files within directories that contain following strings in their names:

    •   â€¢  \Intel
    •   â€¢  \ProgramData
    •   â€¢  \WINDOWS
    •   â€¢  \Program Files
    •   â€¢  \Program Files (x86)
    •   â€¢  \AppData\Local\Temp
    •   â€¢  \Local Settings\Temp
    •   â€¢  This folder protects against ransomware. Modifying it will reduce protection
    •   â€¢  Temporary Internet Files
    •   â€¢  Content.IE5

    Before the encrypted files are written, the ransomware checks the free disk space with GetDiskFreeSpaceExW() to make sure it does not run out of free space.

    Finally, the DLL creates a copy of the previously unzipped file u.wnry, saving and then running it as @WanaDecryptor@.exe.
    The Ransomware EXE

    The EXE module @WanaDecryptor@.exe is run by the DLL (a copy of the previously unzipped file u.wnry). It is a GUI application with the window name being "Wana Decrypt0r 2.0".

    To delete Windows shadow copies, it runs the commands:

    cmd.exe /c vssadmin delete shadows /all /quiet &
    wmic shadowcopy delete &
    bcdedit /set {default} bootstatuspolicy ignoreallfailures &
    bcdedit /set {default} recoveryenabled no &
    wbadmin delete catalog -quiet

    This executable will connect to C&C via TOR .onion domains, in order to anonymise its C&C traffic.

    Once the ransom is paid, the executable is able to check the status of the payment, and allow file decryption.

    The WanaCrypt0r ransomware released on 12th May is not the only version. Earlier this year, there was another version released (example MD5: 9c7c7149387a1c79679a87dd1ba755bc).

    The older version has a timestamp of 9th February 2017, and was first submitted to VirusTotal on 10th February 2017.

    Similar to the latest version, it also relies on external files, only the used extension is .wry instead of .wnry:

    •   â€¢  n.wry
    •   â€¢  cg.wry
    •   â€¢  t1.wry
    •   â€¢  t2.wry

    The latest version downloads a TOR client from:

    The older version downloads a TOR client from:

    Both old and new version extract the ZIP file into the TaskData folder.

    It's worth noting that the older variant of ransomware also attempted to replicate across \\%IP%\ipc$ network shares. Hence, the idea of the network replication was brewing in the attackers' minds long before 'The Shadow Brokers' release.

    The older version of WanaCrypt0r ransomware relies on a function that generates a random buffer, using an internal table that consists of 75 WORDs:

    The implementation of this function is very unique - it cannot be found in any legitimate software. The only other sample where this function can also be found (almost identical, but with minor tweaks) is a sample of Contopee backdoor (MD5: ac21c8ad899727137c4b94458d7aa8d8), first submitted to VirusTotal on 15th August 2015.

    This code overlap was first noticed and tweeted by Google researcher Neel Mehta. This was quickly followed up on by Kaspersky Labs in a blogpost.

    The Contopee backdoor sample uses this function as part of its communication protocol with the C&C server. This backdoor family is a tool from the Lazarus threat actors.

    The re-use of code is a characteristic of the Lazarus group we noted in our report last year on attacks against SWIFT systems. This re-use is at the source-code level, providing strong evidence of common development environment.

    This, along with other overlaps with Lazarus’ previous campaigns is described below:

    CharacteristicLazarus code exampleWanaCrypt0r example
    Random buffer generator functionAugust 2015
    Contopee backdoor:
    January 2017
    WanaCrypt0r: 9c7c7149387a1c79679a87dd1ba755bc
    Code / CompilerC++ / Visual Studio 6.0C++ / Visual Studio 6.0
    Referenced in US-CERT alert following SONY attack.
    CryptoCurrencyLazarus has targeted Bitcoin related companies in recent months – possibly looking for ways to steal/launder funds.
    A watering-hole (same as described in our blog) was setup in February on a popular Bitcoin website.
    WanaCrypt0r uses Bitcoin addresses to receive ransom payments.

    As noted in our attribution post last year, use of Visual Studio 6.0 is not a significant observation on its own – however, this development environment dates from 1998 and is rarely used by malware coders. Nonetheless, it has been seen repeatedly with Lazarus attacks.


    Coupling an SMB worm to ransomware has created a highly effective threat – albeit one which wreaks havoc for relatively little monetary gain. Even though $68K may represent a modest profit for the attackers, moving the money from those bitcoin wallets will attract significant attention from law-enforcement and could identify their money-laundering networks. It is very likely they will not get their hands on any money once this is all over.

    Whilst the SMB worm code has been copy/pasted from elsewhere, the ransomware author is clearly an experienced malware-dev. They include checks such as filepaths for anti-ransomware products to avoid detection of their operation. There are mistakes though, such as the “kill-switch” which has been widely discussed. Assuming they used the Python port of code released on 9th May, it implies a very short turn around between development and attack; it is therefore possible the worm got loose whilst the code was still in testing. Either way, the attackers will learn from this campaign, and may return with updated code whilst vulnerabilities remain unpatched.

    The linkages to the Lazarus campaign are tantalising clues as to who may be ultimately behind this. Following on from last year's attacks on SWIFT systems and this year's attacks on banks in Poland & Mexico they continue to demonstrate that they are a considerable menace to network defenders. Understanding their tools, techniques and procedures is challenging given the shifting nature of attacks seen, however deserves maximum focus and co-operation across the security community.

    The biggest lesson to be learned from this attack though is the on-going challenge which organisations running critical infrastructure face with patching. This isn’t the first case of self-propagating malware impacting healthcare networks we’ve investigated; indeed this reminds us a lot of the QBot/Qakbot episode last year. Then, as now, hospitals are exposed by running on out-of-date systems and with minimal resources to spend on security. The WanaCrypt0r campaign has brought this to international attention – how to fix the problem going forward will need swift debate among technology experts and policy makers to avert similar crises in future.

    •   â€¢  Install patch MS17-010 as a matter of urgency. For out of support operating systems such as XP, Win8 and Server 2003 apply the out of band patch.
    •   â€¢  Add in the following SNORT Rules to IDS devices:
    •   â€¢  Block all outgoing connections on port 137,139, 445 and 3389 (i.e. internal to external) to stop the worm spreading externally.
    •   â€¢  Block all incoming connections on ports 137,139, 445 and 3389 (i.e external to internal) to stop the worm coming into the network.
    •   â€¢  Consider blocking connections on port 445 (SMB shares) internally if not business critical until the worm has subsided.
    •   â€¢  Ensure that connections to the domain: www.iuqerfsodp9ifjaposdfjhgosurijfaewrwergwea[.]com are permitted, This is site is reported to act as a kill switch, for some variants, preventing encryption. Connectivity can be tested with the following python script.

    We also suggest noting the recommendations from:

    APPENDIX A – Indictors of compromise

    C&C Domain

    MD5 Hashes
    APPENDIX B – The Network Replicator

    The worm replicates across the network using two threads: the first one provides replication across the local network, and the second one - across random IP ranges, thus affecting external addresses (such as honeypots or other exposed SMB shares).

    To replicate across internal network, the worm first calls GetAdaptersInfo() to obtain network configuration for each network adapter associated with the system.

    The network configuration allows it to use current IP address and mask to build a list of local IP addresses.

    For example, if the local IP address is, and the subnet mask is, the worm may build a list of 254 IP addresses that are displayed below in their binary format, such as 014EA8C0 (""), 024EA8C0 (""), and up to FE4EA8C0 (""):

    NOTE: the constructed list is trailed with the BAADF00D markers.

    This list is then passed to a newly spawned thread to enumerate it, and the worm will then attempt to replicate to each target in the list.

    The second network replication thread is spawned each 2 seconds up to 128 times. Each instance of this thread will generate a random IP consisting of 4 octets:


    Each octet is a random value from 0 to 255, generated using CryptGenRandom() API - a cryptographically secure pseudorandom number generator.

    First octet IP1 cannot be set to 127, 224, or 225. If the worm is able to connect to a target with IP address IP1.IP2.IP3.IP4 over port 445, it will then enumerate 255 IP addresses from IP1.IP2.IP3.1 to IP1.IP2.IP3.255. The worm will attempt to replicate to each enumerated target.

    This thread is spawned 128 times - the round number is passed to the thread as an argument, so it is aware about the current round of its own execution. The thread uses it along with an internal timer (using 20 and 40 minute intervals) to define the logic of regeneration of IP1 and IP2 parts of the random IPs.

    Both threads rely on the same network propagation mechanism: for each target IP, the worm first attempts to connect on port 445 and submit it two SMB requests, with an attempt to establish if the MS17_010 SMB Vulnerability exists:

    •   â€¢  negotiate_proto_request
    •   â€¢  session_setup_andx_request

    The code below shows how these packets are submitted:

    01   name.sa_family = 2;
    02   *(_DWORD *)&name.sa_data[2] = inet_addr(cp);
    03   *(_WORD *)&name.sa_data[0] = htons(hostshort);
    04   hSocket = socket(2, 1, 0);
    05   __hSocket = hSocket;
    06   if ( hSocket != -1 )
    07   {
    08     if ( connect(hSocket, &name, 16) != -1
    09       && send(__hSocket, negotiate_proto_request, 88, 0) != -1
    10       && recv(__hSocket, &buf, 1024, 0) != -1
    11       && send(__hSocket, session_setup_andx_request, 103, 0) != -1
    12       && recv(__hSocket, &buf, 1024, 0) != -1 )

    On a network level, WireShark recognises these two packets as Negotiate Protocol Request and Session Setup AndX Request.

    Negotiate Protocol Request:

    Session Setup AndX Request:

    The disassembled source of the worm shows how the Negotiate Protocol Request is built:

    The disassembled source shows the Session Setup AndX Request (only the end of it is shown):

    The Session Setup AndX Request will get a response, and the code parses it to extract the native_os field from it.

    Following this, the worm composes an IPC share name such as:


    Next, the ransomware submits two other SMB requests:

    •   â€¢  tree_connect_andx_request
    •   â€¢   peeknamedpipe_request

    First, the Tree Connect AndX Request:

    Once the host responds, the code will read tree_id, process_id, user_id, and multiplex_id, in order construct a new SMB request. In that new request, the following placeholders within request templates will be replaced with the extracted values:

    •   â€¢  __TREEID__PLACEHOLDER__
    •   â€¢  __USERID__PLACEHOLDER__
    •   â€¢  __TREEPATH_REPLACE__

    The PeekNamedPipe Request is then submitted, recognised in WireShark as:

    The SMB header extracted from the received response is then parsed to see if nt_status contained in it equals 0x0C000205. Here is how the malware parses the four bytes of such status (bytes 05, 02, 00, 0C):

    01 if (send(__hSocket, peeknamedpipe_request, 78, 0) != -1 // if sent
    02     && recv(__hSocket, &buf, 1024, 0) != -1 // and recv() is Ok
    03     && nt_status_0 == 5                // and nt_status byte #0=05
    04     && nt_status_1 == 2                // and nt_status byte #1=02
    05     && !nt_status_2                    // and nt_status byte #2=00
    06     && nt_status_3 == 0xC0u)           // and nt_status byte #3=0C
    07      {                                 // if nt_status==0x0C000205
    08           closesocket(__hSocket);
    09           return 1; // return TRUE, host is vulnerable to MS17-010
    10      }
    11 ...
    12 return 0; // return FALSE â€“ the host is NOT vulnerable

    If the host is vulnerable to MS17-010, the worm waits for three seconds and then checks if it is already infected with DOUBLEPULSAR – in order to replicate itself, it needs an active DOUBLEPULSAR backdoor to be installed at the host.

    In order to check that, it builds and then submits SMB Trans2 Request or trans2_request.

    As seen below, the subcommand field within trans2_request request is set to SESSION_SETUP, which is a covert beacon request to the DOUBLEPULSAR backdoor:

    If the host is infected with DOUBLEPULSAR, the response will contain "Multiplex ID" set to 81 (0x51). Here, the worm sends trans2_request request, and checks if multiplex_id equals 0x51:

    Cryptocurrencies have been on a tear over the last 2 years, both in terms of mindshare and returns. This is particularly true of the last year, in which Bitcoin (the de facto proxy for cryptocurrencies) has heaved from $13 to $950, making a pit stop at $1200 along the way. This 7,308% return looks to be outrageously delectable to many a speculator and has even caught the eye of an institutional fund or two. The problem is, and what many novice investors have a problem conceptualizing, that astute institutional “investment” funds actually have a problem dipping their toes in the wilding appreciative yet hyper-volatile world that is cryptocurrencies.

    The reason is because “investment funds” as opposed to beta chasing “trading” or “hedge" funds seek a measured return on investment. The raw returns that you see spouted for Bitcoin and the various alt.coins are actually not what the smart institutional money is looking for.

    Put another way, you tend to get what you pay for. Risk is the price of reward, with risk being defined as deviation from expected return. You nearly never get a reward without bearing some risk to attain said reward. On the flip side, you should always demand a commensurate reward for the risk that you take. Measuring reward without taking into consideration the risk paid to attain such reward is akin to jumping out of the top floor of a 50 story building to revel in the exhilaration of the drop without taking into consideration what happens when you reach ground level. All in all, it tends to end ugly.

    My clients are told that if you assumed $1 of risk to reap $1 of reward, then you effectively made nothing from an economic, risk adjusted reward perspective. This is difficult for the layperson to understand since those who reaped said dollar are left holding one dollar of nominal returns which looks, smells and spends like a dollar. They don't seem to get it until that third or fourth go around when they get 30 cents back for the dollar they invested (versus an amount over a dollar, hence a negative return). You see, probabilistically, you can reap more than you sow over the short term simply out of dumb luck. Realistically, the law of averages will catch up to you and eventually (and most likely close to immediately) you will reap what you sow, or... you get what you pay for!

    Similarly, if bitcoin investors/traders believed they are doing well when bitcoin jumps from $13 to $950, they may be mistaken. The reason? Bitcoin has a modified beta of roughly 673! That means that it is volatile. Very volatile! More volatile than practically any basket of currencies or stocks you can think of. This volatility means that in a short period of time it's just as easy to be on the losing side of the trade of this asset as it is to be on the winning side. So, you're lucky if you bought at $500 and rode it to $950, but you could have just as easily bought at $1,200 and rode it down to $500.

    With these concepts in mind, you should always adjust for risk before attempting to measure reward. By doing that you will find that you can compare disparate assets, ventures and opportunities that have different reward propositions and even different horizons by measuring the risk (or the economic cost) of the investments and then adjusting the actual or expected reward desired to compensate for said risk commensurately.

    Notice how, if one were to take this approach, one can see the different risk adjusted returns between the top two cryptocurrencies by market value. Bitcoin is the most popular, but Litecoin is the most profitable - even when fully adjusted for risk.

    ridk reward

    The UltraCoin team has run these calculations, among many other currencies, on every cryptocurrency with a market value over $1 million. In addition, these currencies have been aggregated to form what we have coined as the "UltraCoin Cryptocurrency Composite Index" - a basket of cryptocurrencies upon which our custom UltraCoin derivatives can trade, hedge, invest and speculate.

    These indices and calculations (not to mention a bevy of other calculations to assist in trading) are part and parcel of the UltraCoin client.

    CryptoCurrencyComposite Index

    The graph below depicts the outrageous raw returns had by holders of bitcoin. It also denotes the extreme volatility experienced therein, particularly from late 2013 onward.CryptoCurrencyComposite Index graphIf one were to place a hurdle rate of required return to compensate for said volatility, the return curve will look somewhat different.CryptoCurrencyComposite Index graph - adjusted

    As you can see, all that glitters is not necessarily gold! I will be pushing for the beta release of the UltraCoin client quite soon, quite possibly at the Berlin Bicoin conference. In the meantime, for those of you who have not had a chance to play with the software, here are a few screen shots.

    currency transalation errortest 

              Enter UltraCoin: It Is To Banks As Peer-to-Peer File Sharing Is To The Music Industry        


    I'm rapidly unveiling what's been brewing in the BoomBust labs over the last few months - UltraCoin an intelligent derivative layer of smart financial contracts that sit on top of the Bitcoin architecture. In short, the recreation of the banking industry in software - without the trust and counterparty risk issues!

    For those of you who are still skeptical re: cryptocurrencies, I please read the most excellent article by David Z. Morris, which also happens to grace the front page of Fortune magazine today.

    Fortune Front Cover

    I'll excerpt some choice snippets:

    Some still doubt bitcoin's usefulness and durability, but 2014 may leave skeptics even further behind -- developers and entrepreneurs are already hard at work building features on top of the Bitcoin protocol that will allow for the decentralized execution of financial services, from currency hedging to loans to stock issuance to rental and purchase contracts...

    In the long term, peer-to-peer finance threatens to weaken banks and other financial agents just as peer-to-peer file sharing did the music industry -- and some of the architects of this financial Napster seem gleeful about the possibility.

    Ya damn skippy!!!

     That means loans without banks, contracts without lawyers, and stocks without brokers, executed and recorded across hundreds of servers at all corners of the earth.


    Independent entrepreneurs are also working to build this infrastructure. One of these is Reggie Middleton, currently building a client called BTC Swap.

    This will be marketed as UltraCoin! Wasn't completely ready for the interview, but will be shown live at the North American Bitcoin Conference in Miami Beach this weekend!

    Middleton, gravelly voiced, dapper, and businesslike, doesn't fit the stereotype of woolly young bitcoin developers. But he slyly describes himself as "not quite an anarchist," and BTC Swap is a shot directly across the bow of the financial industry.

    Believe it!

    Still in early development, BTC Swap is planned to facilitate a variety of what Middleton calls "Zero-Trust Digital Contracts," which recreate financial functions in software code by matching offered and desired transactions between parties without the need for intermediary institutions. Because these contracts are automated, instantaneous, and executed with assets already represented in the Bitcoin blockchain, Middleton says they eliminate counterparty risk while also subtracting conventional banking and brokerage fees.

    David was correct in that it was in early development when he saw it, but we've been busting our collective asses (analysts, financial engineers, software engineers, programmers, website designers, the whole crew) and we'll not only be demonstrating live but will be trading risk down in Miami, right in front of your eyes!

    The most immediate function Middleton envisions for his system is for hedging bitcoin against existing national currencies. With bitcoin's valuation still showing huge volatility, Middleton claims the availability of distributed hedging will both ensure the value of bitcoin for individuals holding the asset and provide systemic stability. (Given persistent skepticism, there should be plenty of takers to short bitcoin against the dollar.) And the entire system relies on decentralization for its security and integrity: "My contracts are peer-to-peer," says Middleton. "If you hack my servers, there's nothing to get." Somebody call Target (TGT).

    Somebody? Anybody? Target, drop me a line at reggie.middleton at ultra-coin.com if you want my assistance in getting in on this distributed, peer-to-peer bitcoin thingy. My next post will show how my UltraCoins can add 15% to Overstock.com's bottom line. That's pretty damn good if you ask me! As a matter of fact, it's pretty damn good even if you didn't ask me :-)

    Such hedging functions have particularly unique promise because of the extremely low transaction costs of peer-to-peer currency. Bitcoin makes microtransactions ranging down to fractions of a cent viable, but Middleton says that "right now, if you do micropayments, the volatility of bitcoin can really take you out." Because of the low cost of Middleton's swaps, "I can let [payees] manage risk and decrease volatility at the micro-level."

    Please pardon me for the heavy excerpts taken from this article, but it is really... just.. that.. good!!! And it gets even better. Check it out:

    The functions that advocates say could be automated through the Bitcoin network seem nearly endless, including peer-to-peer investment funds, Kickstarter-like crowdfunding, binding arbitrations, and even non-financial transactions such as naming rights management and encrypted communication.

    I actually have much of this stuff oven already. All I need is the funds to help accelerate development becuase "you know who" is likely to get their bonus pool panties in a bunch and start coming after me :-)

    And all could be executed without a cut for intermediaries. Bitcoin partisans, from developers down to rank-and-file users, often seem to revel in the idea that they are threatening the control and profits of Wall Street institutions, who they see as rent-seeking fat cats. If it were limited to the loss of fees on payments and transfers, bitcoin's threat to existing financial institutions would still be substantial. But with a full array of commission-free financial services on the horizon, there is even more reason to take heed.

    Oh, and I love this part...

    Middleton sounds a bit like an 18th-century pirate striking back against the Empire when he declares that "what I'm doing right now is a direct threat to fiat merchant banking." For him, excitement over value fluctuations in the bitcoin currency is missing the point: "It's not a threat as people sit there and ponder whether bitcoin is a bubble or not. But if people go through the protocol and use their imagination, the existing system is threatened."

    And here comes the rain on the parade :-(

    However, there is a substantial obstacle to this coming revolution. Despite the emergence in 2013 of entities like Coinbase that have drastically streamlined the process, it is still difficult to exchange bitcoin for national currencies in a quick, reliable manner. It's unclear how Middleton's automated dollar-bitcoin hedging will work without a lightning-quick and reliable dollar-bitcoin exchange platform.

    UltraCoin was in early beta stage when David saw it. It'll be ready to strut much of its stuff in Miami, making things much clearer.

    So, the true "automation" of bitcoin functions that integrate with the economy as a whole may require a reconciliation with existing trading platforms.

    Oh, I wouldn't bet the farm on that one.


              Making Real Money from Virtual Money – Arbitrage opportunities in Bitcoin trading        

    Brand spanking new research is available to all paying subscibers, with a super bonus to my professional and institutional subscribers. To excerpt from said pages...

    Bitcoin cryptocurrency report page 1Bitcoin cryptocurrency report page 2

    The professional and institutional versions of this report contain over 30 pages of data and analysis. These trades are for big boys (and girls), or at least those who can think like big boys (and girls). It is my intent to have traders, investors, companies and speculators use our Zero Trust Digital Contracts often, and knowledge of opportunities such as these do a lot to foster such use. Click here to subscribe.

    Paying subscribers, download here:

              The Future of Money is Here: BoomBust Zero Trust Digital Currency Contracts        

    BoomBustBTC contract

    Note: New subscriber content available below.

    I have created derivatives for Bitcoin that work exclusively on the Bitcoin network. They are capable of literally replacing the role of the large money center and investment banks. YES! This is a big thing. I will hopefully have a limited use beta example of the first product for the viewers of the show to experiment with. These products have been designed as zero trust contracts (meaning it was designed to eliminate the human judgment factor, thereby nearly completely automating the entire transaction). Currently, trust issues that the conventional OTC banking system products incur severely hamper free flowing capital markets. Greed begets inefficiencies. Digital zero trust contracts (as opposed to physical legal contracts) “theoretically” eliminate litigation and court involvement and expensive dispute resolution through means of the legal system. My BoomBust contracts allows anonymous parties to swap exposure in and out of Bitcoin from many widely traded currencies. (USD, EUR, YEN, CNY, etc.).


    The state of the capitalist union today is ripe for Bitcoin activity to explode if knowledge of the platform spreads. Just to list a few catalysts:

    1. The lack of trust in the world’s reserve currency, the USD.
    2. The financial controls in the world’s most populous nations, India and China.
    3. The Pan-European sovereign debt crisis
    4. The confiscation of bank deposits in Cyprus (EU Bank Depositors: Your Mattress Is Starting To Look Awfully Attractive - Bank Risk, Reward & Compensation) and Ireland (As Forewarned, Irish Savers Have Just Been "Cyprus'd", And There's MUCH MORE "Cyprusing" To Come) and eventually anywhere banks are overleveraged and/or undercapitalized.
    5. The billions of the great “unbanked” of the world, in both 3rd world nations and even in the most developed nations on earth, ex. right here in the US.
    6. The paltry returns on loans and bank deposits as well as the unsubstantiated bubble returns on risk assets – all stemming from the Fed’s unprecedented 6 year global ZIRP real time experiment. I commented on this back in 2008 (A real life, real time example of the Great Global Macro Experiment)and it’s still running strong.

    Possible uses for the BoomBust contracts:

    Simple investment/speculation

    Those who want to gain exposure to a foreign or digital currency can easily enter into a swap to gain said exposure without actually having to purchase said currency (other than BTC, of course).


    The swap can be used as a simple hedge for any party that has large exposure to BTC, USD, EUR, etc., such as a retailer with low margins and high volume, ex. Chinese widget manufacturer or smartphone OEM, that accepts bitcoin but wants to hedge out the volatility and market risk. The BoomBust contracts can be layered, levered and/or compounded to make more complex hedges as well.

    Capital flight/mobility & Banking System Bail-in protection

    Parties who are domiciled in free flowing capital hostile states that have tight capital controls, ex. China, India, and now France with its 75% effective wealth confiscation scheme, etc. that have banned or limited BTC trading by banks and/or individuals can take advantage of the BoomBust contracts to gain multi-currency exposure without explicitly violating the law. Take note that the systems with the tightest capital controls have been the one’s exhibiting the most aggressive stance to bitcoin. Unfortunately, they don’t seem to understand what Bitcoin is and what it can do. I stand to educate the masses. See below…

    Cyprus banks closed on a Friday and announced confiscation of assets over the weekend. These BoomBust contracts could have been used to move monetary value outside of the Cyprus banking system assuming the participants had a store of Bitcoin (it is rumored that this is how some of the Russian money was removed over the weekend). Let’s assume a small businessman would like to purchase $1M euro worth of bitcoin, yet is concerned that the BTC volatility may cause more of a loss than the Cypriot capital controls. He buys the BTC then hedges his large BTC position into EUR. He proceeds to do that with a quarter of his monthly cashflows, building up a sizeable, fully hedged position in cyberspace (thus, effectively offshore) and outside of the fragile Cyprus banking system. The Cyprus banks pull the trigger to confiscate funds and the Russian bank depositor has significant funds mobile and ready to deliver anywhere in the internet connected world within minutes, even on a Sunday afternoon.

    Another example of dealing with a company with tight capital controls would be India. India has extremely tight capital controls that have (IMHO) hampered its economic progress relative to China, despite having similar populations and the advantage of a large indigenous English speaking population stemming from British occupation (easier to do business with the larger capitalist nations when more of your constituents speaks the native tongue).

    India has effectively outlawed trading in bitcoin, but Indians can still participate in the evolution of money by taking advantage of the liberalised remittances scheme of the Central Bank of India, a person can remit up to 75,000 USD offshore annually. These monies can end up in a Bitcoin friendly jurisdiction (amazingly enough, like the US), and be used to purchase BTC hedged, via BoomBust contracts, back into rupees or the currency of choice.

    indian BTC program

    This can also work the other way around, which would actually be quite advantageous to the Indian government and potentially make them rethink the real world practicality of capital controls. Even in a country that has capital controls and fears Bitcoin may threaten its banks, a decentralized near friction free currency exchange would be beneficial solely do to international remittances from expats in foreign workers. A real world example are Indians that I know who lose significant money because of PayPal and Western Union fees (not to mention bank wire fees). Indians can send BoomBust digital contract rupee locked BTC home on a deferred basis. The registered exchange or ATM in India however could only be one-way so that it only accepts BTC from the Indian general public in exchange for rupees and not the other way around.

    Spread Arbitrage

    On Dec 13th, the EUR/USD exchange rate was roughly .78x, thus if one were to have sold 1 BTC into EUR than purchased USD, a $10.66 spread could have been realized over buying the USD with EUR directly.

    arbitrage opp 

    Notice the differences in prices throughout the SAME MARKETS, contingent upon exchange.

    BTC markets 

    I am happy to discuss this with institutional and professional subscribers whenever possible.

    All paying subscribers (click here to subscribe) can download this introduction to our institutional level report on investing in cryptocurrencies: File Icon Digital Currencies' Risks, Rewards & Returns - An Into Into Bitcoin Investing For Longer Term Horizon. There will be much more to follow in the upcoming days. Below is the brief summary as how we have computed the following ratios:

    Excess Risk Adjusted Return

    Excess Risk Adjusted Return is defined as returns over and above the required return on asset based on its risk characteristics. BITCOIN being a very volatile asset, the required return of the currency has been computed using the CAPM (Capital Asset Pricing Model) approach. CAPM equation requires a variable known as Return on Market Portfolio (a portfolio comprising of all risky assets, conventional as well as alternative assets like antiques, currencies, private equity investments, etc.). For equity investments, general Market Index shall suffice but in our case the investment is altogether different (Digital Currency) and the conventional market index will be a bad proxy. Best Proxy in our case shall be a diversified Currency Portfolio – comprising all global as well as digital currencies. As such there exists no known proxy/Index consisting all Currencies, We have approximated it by using MSCI – EM Currency Index. The Index comprises a basket of 25 emerging market currencies. 

    Excess Risk Adjusted Return = (Return on Asset) – (Required Return on asset based on its risk characteristics)

    Return on Asset (Ra) = Return on B ITCOIN for different periods like 3M, 6M 12M, etc.

    Required Return on Asset = RFR + β * (Rm – Ra)

    RFR = Current US I year Treasury Yield

    Beta = Covariance of (Returns on Asset & Returns on comparable Index) divided by Variance of (Index Returns)

    Rm = Long term return on comparable Index, (in our case which is the Currency Index return comprising 25 Emerging Market currencies)

    What's so eery is that now even Ben Bernanke and I actually agree upon something... 

    “Digital currencies may hold long-term promise, particularly if the innovations promote a faster, more secure and more efficient payment system.” 

    US Federal Reserve Chairman Ben Bernanke

              The Future of Money: A Matter of Functions Four, a Medium, a Measure, a Standard, a Store!        

    So, what is money? According to Wikipedia

    Money is any object or record that is generally accepted as payment for goods and services and repayment of debts in a given socio-economic context or country. The main functions of money are distinguished as: a medium of exchange; a unit of account; a store of value; and, occasionally in the past, a standard of deferred payment. Any kind of object or secure verifiable record that fulfills these functions can be considered money.

    When currency is stable, money can serve all four of the functions above. Things get trickier when currencies are not stable. If we were all to be honest with ourselves, we'd have to query, "What fiat currency is truly stable over time?".

    When unstable currencies or engineered forms of financial capital are brought into play the fourth aspect of defined money (and the least addressed) gains significantly in importance. Here we must differentiate and distinguish between true capital (economic capital) which comprises physical goods that explicitly and directly assist in the production of other goods and services, e.g. hammers for carpenters, paintbrushes for painters, wrenches for plumbers, tooling for factories, etc., and financial capital. Financial capital is funds provided by lenders and/or investors to businesses and entrepeneurs to purchase economic capital (ie.equipment) for producing real goods and services.


    To explain why the 4th aspect of money's definition is important, yet often and in my opinion purposely ignored, let's examine the three concepts of capital maintenance in terms of International Financial Reporting Standards (IFRS): (1) Physical capital maintenance (2) Financial capital maintenance in nominal monetary units (3) Financial capital maintenance in units of constant purchasing power.

    1. Physical (economic) capital - We have covered already.
    2. Financial capital in monetary units is best described as basic accounting. It's how most financial reporting is done in the states (and in Europe). It fails to take into consideration the constant destruction of value of the fiat currencies, an aspect of the definition of money that is a foundation of money itself!
    3. Financial capital measured in constant purchasing power - something that effectively never happens. It is the "Real" value of money, adjusted for destructive aspects, ex. inflation, particularly purposeful inflation brought upon by a banking system that attempts to adjust and control the prices of goods and services for its own end (as opposed to the end that will benefit the masses) through the artificial manipulation of the value of the means of exchange, the currency.

    Financial capital is provided by lenders for a price, commonly known as interest. This  price to attain financial capital is not the only cost though, for the price of the financial capital provided by lenders through things such as debt does not take into account the cost of currency maintenance destruction, or the purposeful manipulation of the currency value by the lender or lending system to which the lender belongs to to further its own means. This is why the prudent may wish to identify a single standard of deferred payment to avoid purposeful manipulation (otherwise known as cheating) by transacting in a denominator of debt that the participant believes to be dropping in value, ie. fiat currency!

    Relation to debt-based society

    A debt in any form is essentially a deferred payment. The fourth definintion of money, standard of deferred payment,  is usually what the debts are denominated in. The value of any and all money – including the most liquid and deep, ex. dollars or euros, or the oldest and revered, ex. gold and silver, or the newest and least understood, Bitcoin and cryptocurrencies – may fluctuate over time via inflation and deflation and often through direct manipulation and unforeseen results that stem from the same. The value of deferred payments (the real level of debt) likewise fluctuates.

    Money, as Leading Economists Such As Paul Krugman Appear To Know It, Is Obsolete - There's a New Sheriff In Town

    The definitions of money mentioned above are predicated upon the assumption that money must be dumb! What I mean by this is that money was defined in a time when the store of value was an inanimante object designed to represent a simple binary concept of buy or sell, that had no abilities other than to look or appear as if it had the value believingly bestowed upon it by society - or at least two of the participants in a particular transaction. What if money in this digital day and age was smart? What if money was able to do things besides just sit there and be called money?

    Here's an example...

    Historically, and up until now, deferred payment was/is based on enforceability of debts and rule of law. The rule of law, particularly engagement within the legal system is destructively expensive, time consuming and essentially the antithesis of friction free commerce, ex. capitalism. The rule of law is generally not relied upon when debts are unlikely to be collectable. For illegal transactions, or for low or zero trust transactions, gold or diamonds may be preferred as the medium of exchange and in those circumstaces there is no recourse in case of counterfeit currency (bogus, bank peddeled Mortgage Backed Securities, fake US dollars, etc.) is being used. — and there is rarely any deferral of payment: if there is, it will most likely be stated in dollars - which brings us back to where we started.

    What if currency was smart enough to act upon a predetermined set of parameters, even after being released to the payee? What if trust never had to be a factor in negotiation fo payment, even in a negative trust environment? What if the highly ineffecient legal system could be wholly avoided in the risk/reward calculation of a monetary transaction? Would the existence of this possibility, in essence, demand a 5th definition for money - intelligence and/or malleability? You see, the cryptographic digital currencies are smart as compared to the dumb dollar or euro, or yen or yuan! It is this intelligent ability to control money during a transaction and even post transaction, the abilty to instruct money to disburse iteslf only open mutual agreement by all parties present, that appears to elude the prominent MSM economists of today. 

    Furthermore, dumb money as purely fiat is truly without physical value or utility value as a physical or digital commodity. It derives its value by being declared by a government to be legal tender; that is, it must be accepted as a form of payment within the boundaries of the country, for all debts, public and private - including taxes, where in the US, it is the only currency accepted. Laws in place such as these essentially imbue fiat money with the value of any of the goods and services that it may be traded for within the nation that issues it. The fact remains though, the value of fiat money is held in belief and belief only, enforced by the whims of government. With this being the case, there is no true utility argument to be made for fiat currencies, including the USD.

    Digital cryptocurrencies such as Bitcoin, however, have an implicit edge on the fiat currencies in that its utility (or use value) is dramatically leveraged as compared to fiat because it comes part and parcel with its own, virtually unassailable transmission system. In essence, this means that if Bitcoin, the USD and the EUR were cars, BTC would be the only one that comes with its own international roads open 24/7 that were able to bypass all of the toll roads and bridges, everywhere there was an Internet connection - not to mention power itself with a virtual fuel that was limitless and had no costs. Now, if one were to think of it, such an aspect is so valuable and useful (as in utilitarian) that not only does it qualify for significant use value, but in the very near future one could wonder how the world ever got along without it. Does this mean that a sixth aspect of the definition of money needs to be added - autonomous transferability!

    This is why I say there's a new sheriff in town and the old schoolers whose eyes are not yet open should recognize that the future of money is here!

    According to famed economist and NY Times pundit Paul Krugman, "To be successful, money must be both a medium of exchange and a reasonably stable store of value. And it remains completely unclear why BitCoin should be a stable store of value."

    I counter these widely believed assumptions with the fact that the USD, the world's reserve currency, has not been a stable store of value. As a matter of fact, from its underpinnings (as described in the BoomBustBlog link below) and throughout its history, the dollar has consistently lost its value over time to inflation. Thus, as per Krugman, the USD is not successful!

    As per Wikipedia:

    To be widely acceptable, a medium of exchange should have stable purchasing power (Value) and therefore it should possess the following characteristics:

    1. Value common assets
    2. Constant utility [I have explained the constant utility of Bitcoin above, a utility which trumps the relatively dumb dollar]
    3. Low cost of preservation [the cost of preservation is a fraction of that of the dollar, with constant reprinting of physical dollars and coins and the power, machinery and labor required to do so; as well as the recircutlation of those new bills, not to mention the destrcution of the old bills]
    4. Transportability [This is moderately difficult with large amounts of physical bills, but much easier with the digital manifestation of those physical bills that most institutions deal with. The mere existence of the banks as necessary intermediaries and middlemen add signficant, and in this day and age of P2P technology, unnecessary costs and frictions and rules. This hampers portability significantly - no transfers on weekends and bank holidays, no low margin business models due to artificially high transaction costs, big up Visa, Mastercard and Paypal!)
    5. Divisibility
    6. High market value in relation to volume and weight [Bitcoin can't be beat in this regard]
    7. Recognisability
    8. Resistance to counterfeiting [A currency based on cryptography, need I say more?!]

    As quoted from the Wikpedia link above:

    "fiat money is the root cause of the continuum of economic crises, since it leads to the dominance of fraud, corruption, and manipulation precisely because it does not satisfy the criteria for a medium of exchange cited above. Specifically, prevailing fiat money is free float and depending upon its supply market finds or sets a value to it that continues to change as the supply of money is changed with respect to the economy's demand. Increasing free floating money supply with respect to needs of the economy reduces the quantity of the basket of the goods and services to which it is linked by the market and that provides it purchasing power. Thus it is not a unit or standard measure of wealth and its manipulation impedes the market mechanism by that it sets/determine just prices. That leads us to a situation where no value-related economic data is just or reliable.[3][4]" 

    I will continue this missive in part 2 of the series wherein I will announce my efforts in bringing the beneftis of smart money to light. I'm sure these concepts and products will blow your socks off, even if you are an old school economist! For those who don't follow me, this is who I am. - Who is Reggie Middleton? I believe track record speaks louder than Op-Ed columns, degrees or TV show appearances. Let me know if you agree...

              Bitcoin split in two, say hi to the new Bitcoin Cash        

    Bitcoin split in two, say hi to the new Bitcoin Cash

    We are seeing some major changes in the world of cryptocurrency as the most popular currency amongst them was divided into two entities. The split has been in the works for a while but it is still considered highly controversial action.

    Current Bitcoin will remain as it is and the new cryptocurrency Bitcoin Cash will be created alongside. They use the same transaction history but currently Cash is much less supported.

    Behind the split, or "hard fork" as it's called, is the fact that Bitcoin has become very popular and many believe that it has become too overcrowded and may not function much longer given the increases in transaction frequency.

    Bitcoin Cash has been designed to tackle the problems with high transaction fees as well as bitcoin size limit that doesn't allow mining larger blocks and thus slowes down the transaction process.

    The Bitcoin transaction process is rather limited as the maximum amount of block data per 10 minutes is one megabyte. That means that only seven transactions can be completed every second, which obviously is not enough as the platform gets more and more popular.

    Bitcoin Cash on the other hand is said to have up to eight times faster transaction speeds.

    Even though the introduction of Bitcoin Cash doesn't necessarily make a difference to someone with Bitcoins, after all you can just continue using Bitcoin as before, it has sparked a lot of debate and controversy. Coinbase, the largest cryptocurrency exchange has no plans to support the new Bitcoin Cash because the value and even the survival of the new currency is too hard to predict.

    Whether you'll be able to exchange and use Bitcoin Cash depends on the platform and the wallet you are using.

    The value of Bitcoin Cash quickly rose to over $650 but is still a far cry from Bitcoin's $2700.

    Permalink | Comments

              Best Ethereum Mining GPUs - A Benchmark And Optimization Guide        
    Best Ethereum Mining GPUs - A Benchmark And Optimization Guide Cryptocurrency mining is a big buzz topic in technology these days. And why not? Utilizing your computer to digitally mine what seems like free money only begs the question, "where do I sign up?" Your machine will actually be "mining" or processing transactions for a decentralized currency, the hottest variant of which is called Ethereum....
              Another Ethereum Cryptocurrency Hack Has Occurred – $34 Million Stolen        
    One of the most popular cryptocurrencies, Ethereum, has been getting more and more unwanted attention from hackers. For the second time in a span of just three days, hackers have been able to make off with millions of dollars worth of Ethereum. In this latest theft, the the bad guys exploited a vulnerability in Parity, […]
              Serial Entrepreneur Launches 'Kosher' Cryptocurrency only for Jews        
    Serial Entrepreneur Launches 'Kosher' Cryptocurrency only for Jews Russian entrepreneur Viacheslav Semenchuk has announced plans for an initial coin offering (ICO) of the world's first kosher digital currency aimed specifically at Jewish communities across the globe. The BitСoen, which comes from the Hebrew word ‘priest,' has been created to simplify payments within Jewish communities, according to Semenchuk. At the same time, BitСoen can be bought by anyone. Cryptocurrency market a 'ticking time-bomb,' says ethereum co-founder https://t.co/tJr2cey4qF pic.twitter.com/DtNm4nf1od — RT (@RT_com) July 19, 2017 Semenchuk said he has invested $500,000 in the project and the new cryptocurrency is based on a separately developed blockchain. The wide-scale issue of BitCoen tokens is planned for September after the ICO, which hopes to attract up to $20 million. The…
              Bitcoin Exchange Coincheck Unveils $450k Startup Investment Fund – CoinDesk        


    myBTCcoin Tokyo-based cryptocurrency exchange Coincheck is launching a new investment fund. With a preliminary funding cap of 50 million yen (about $450,000), the fund will be used to support startups that are developing blockchain projects. Coincheck, in announcing the move, suggested that this amount could expand depending on the pace of investments. Notably, the fund […]

    myBTCcoin - Bitcoin & Litecoin Mining Pool

              $100 Million: Coinbase Raises Biggest-Ever Round for Bitcoin Startup – CoinDesk        


    myBTCcoin Coinbase has raised $100 million in Series D funding in what is the largest single traditional funding round for a public blockchain or cryptocurrency startup, according to CoinDesk data. Announced today, the round was led by Institutional Venture Partners (IVP), a Silicon Valley venture firm that counts some of the biggest tech and digital […]

    myBTCcoin - Bitcoin & Litecoin Mining Pool

              Crypto Asset Fund Launches Investable Index for Top 30 Cryptocurrencies – CoinDesk        


    myBTCcoin One of the cryptocurrency world’s more tenured fund managers is launching two new products aimed at bringing the emerging asset class mainstream. Revealed exclusively to CoinDesk, Tim Enneking’s Crypto Asset Management is today releasing a new product called CAMCrypto30 – a cryptocurrency index designed to mirror the 30 largest cryptocurrencies by market capitalization. In addition, the fund also announced a new, investable […]

    myBTCcoin - Bitcoin & Litecoin Mining Pool

              Reply to Meetup à Toulouse : « Bitcoin, Ethereum et cryptocurrencies » on Wed, 04 May 2016 22:06:59 GMT        

    On mange un bout, on boit bière et on parle de crypto : Bitcoin, Ethereum, blockchain… et si vous n’y connaissez rien, vous aurez droit à une solide introduction. Où ? – La Part des Anges, 17 Rue de Toul à Toulouse Quand ? – Jeudi 5 mai 2016 à 20H00. Source: Bitcoin.fr

              Thebitads - Thebitads.com        
    I am not the admin.

    Gagan Nath

    12th of April 2017

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    "TBA is an advertising network with primary focus on cryptocurrency market, our primary objective is to create an universal platform for all the Internet marketers and cryptocurrency enthusiast out there. We are dedicated to make TBA a successful business model and with our experience we can a positive impact on the industry.

    With over 30 years of combined experience in our core team TBA has potential of becoming the superior network. We have hard working visionaries who can bend the rules of the industry and can bring change with their own vision."

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    If you like, what you see, JOIN HERE: https://thebitads.com/?ref=rastoha

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              Allin25 / Admaxpay - Allin25.com        
    I am not the admin,

    AllIN25 / AdMaxPay are viral advertising site which delivers very high quality Pro traffic within short span of your advertisement placed. Are you an online entrepreneur looking for leads and/or sales for your programs or products? Look no further, AdMaxPay is the solution! It also offers revenue sharing on ad pack purchases which brings two-fold benefit to you. The ad pack plans are prepared so thoughtfully in view of long term stability to the site with continuous and progressive earnings to its members. They are sure to bring success. Do not miss the high quality traffic and residual earnings that this site can offer. Sign up and start using its services.

    The Details of AdMaxPay (Rev$hare program)
    To join into AdMaxPay you need to buy Matrix in AllIN25 for 25$ (if you also will buy at least one ad-pack for 50$ I will give you 25$ back on your BTC wallet - it's bonus from me for choice my team)

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    - They will start in next two month BTC mining and also they thinking about their own cryptocurrency in future.

    Referrals Commission 15% : Level 1: 9% | Level 2: 4% | Level 3: 2%
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    TO BE MEMBER OF AdMaxPay you need to register first in AllIn25 and buy first products for 25$(matrix structure) if u want to choose my team than after register contact me and I will give you back 25$ for this product.

              Bitcoin120 - Bitcoin120.com        
    I'm not the admin! smile.gif


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              Domain Movers: VirginHyperloop.com, Nocks.com + More        

    Welcome, this is Domain Movers! We focus on corporate domain name transactions and report these early findings to you. The following is a very small sample of domain movements over the past 24 hours that we detected.

    Time Inc. has acquired BrainstormDesign.com from BuyDomains.com. The company now owns about 9,200 domain names.

    OmegaOne.com has been acquired by Omega.one, which is a new cryptocurrency offering, reportedly backed by former Morgan Stanley CEO, John Mack. The new gTLD domain Omega.one was registered … Read the rest

    Domain Movers: VirginHyperloop.com, Nocks.com + More
    Jamie Zoch

              Cryptocurrency Broker LiteBit Hacked, Customer Funds Appear Safe        
    TheMerkle LiteBit HackedYet another popular cryptocurrency service provider has been hacked. LiteBit.eu is a European cryptocurrency broker which recently warned its users about suspicious activities on its servers. Someone successfully accessed company data, but it appears that all wallet balances are accounted for at the time of writing. None of the ID verification documents have been leaked either. LiteBit Hack is Pretty Worrisome It is good to know cryptocurrency service providers can suffer hacks without losing millions of dollars in customer funds. Usually, these sorts of hacks end with people losing money and companies closing their doors. LiteBit.eu is the latest company to suffer a hack, although
              NEO Price Surpasses US$25 as Bitcoin and Ethereum Post Small Gains        
    TheMerkle NEO Price Bitcoin EthereumAnother day of trading is in the history books and things continue to look rather positive for Bitcoin and other cryptocurrencies. More specifically, Bitcoin continues recording small gains every day, as does Ethereum. Other currencies such as Bitcoin Cash are still taking a beating, however. All things considered, cryptocurrency continues to gain momentum as we speak. If this trend keeps up, a total market cap of US$150b could be reached before the end of the month, especially if NEO continues its bullish trend. NEO Price is Gaining Quickly It is always interesting to see the Bitcoin price move up even though the increments
              Crypto vs VISA – Can Denarius Compete When it Comes to Transactions Per Second?        
    Bitcoin and blockchain technology may give us some insight into the future of payment processing but it sure has a long way to go. VISA handles on average around 2,000 transactions per second (tps) and peaks around 4,000 tps during high shopping periods. This is just a fraction of their capacity, which is said to be around 56,000 transactions per second. Paypal, in contrast, handled around 10 millions transactions per day or 115 transactions per second according to data from late 2014. If we set the benchmark for cryptocurrencies at 4,000 transactions per second, where do we stand as of right
              Coin: Zcash for Mining         
    Zcash (ZEC) is digitaal contant geld voor het verrichten van online betalingen met een veel betere privacy bescherming dan Bitcoin. Zcash biedt de mogelijkheid om anonieme betalingen te verrichten op een transparante Blockchain. Je kunt er voor kiezen om de inhoud van een transactie en informatie over de ontvanger en verzender van de transactie te versleutelen. Alleen gebruikers met een specifieke View Key kunnen alle informatie over de transactie inzien. Als je Bitcoin zou beschouwen als de http voor geld dan is Zcash het https protocol. Zcash is de eerste cryptocurrency die de blockhain technologie van Bitcoin op een slimme manier combineert met een flexibele encryptie technologie voor het bewerkstelligen van financiële privacy. Je kunt Zcash voordelig, onmiddelijk en makkerlijk kopen met bitcoins via een goede cryptocurrency exchange. Meer informatie: http://bit.ly/2rHF2JE
              Lisk Rockets Forward With Roadmap Enhancements.        

    Lisk, the Berlin-based blockchain application platform that enables its users to build applications in JavaScript, has announced that it’s mainchain has been stabilized and governance model bolstered. This news marks a significant milestone in the company’s quest toward widespread adoption.
    With this development, delegates are now able to generate/forge blocks and be rewarded for it, a process similar to bitcoin mining, while ensuring the decentralization of the Lisk network for the first time. Prior to this, the network was tied to a managed system where the nodes of 101 delegates were operated and controlled by the Lisk team. Now, all delegates are under the purview of 101 different community members; a decentralized democracy model that allows Lisk to boost its case for being a world-leading provider of blockchain applications.
    The stabilization of the mainchain will result in massive advancements within the Lisk ecosystem. Firstly, the Lisk blockchain is now truly decentralized and trustless, allowing delegates to control their own nodes without supervision or governance by the Lisk team. Secondly, the activation of forging rewards allows LSK holders to either choose to keep their income or reinvest it back to the Lisk network with the aim of financing proposed community projects.
    These forging reward incentives flowing into a growing community encourages friendly competition; an environment where users will work harder and faster to secure votes in the hopes of gaining entry into the list of the top 101 delegates.
    Says Lisk CEO Max Kordek: “This achievement bolsters Lisk in a big way, and parallels most of the very reasons blockchain technology exists; to allow greater financial freedom, to reward network contributors, to heighten the peer to peer experience and to do away with a central point of authority. We’ve created opportunities for the strongest Lisk supporters to enter the top 101, earn LSK forging rewards, and give back to the system through their own proposals. To be a part of a decentralized community is appealing in its own right but building a decentralized system with active delegates is something entirely different.”
    Lisk at its core is a decentralized platform allows for the deployment, distribution, and monetization of sidechains onto the Lisk blockchain. The Lisk network is operated using a highly efficient Delegated-Proof-of-Stake (DPoS) consensus model, which is secured by democratically elected delegates.  The cryptocurrency underpinning the Lisk platform is called LSK.
    The company was founded by Kordek and Oliver Beddows in 2016, fueled by a crowdsale that attracted over 14,000 BTC in funding (which is now equivalent to $10 million.) This ICO made history by becoming the third most successful cryptocurrency crowdfund to date, the largest in Germany, and one of the top 25 crowdfunds ever.
    Currently valued at over $14 million, LSK, the cryptocurrency underpinning the platform, is situated prominently as one of the world’s most valuable digital currencies.
    Lisk, headquartered at the Sony Centre in the iconic German business district, has attracted developers from around the world. Also, prominent advisors like Charles Hoskinson and Steven Nerayoff have contributed to foster a growing ecosystem around blockchain applications and services.
    Lisk’s latest development follows an ambitious series of improvements launched last month including a Delegate CampaignProposal Contest and Community Fund. These three events paved the way for the Lisk community to grow their already successful network by empowering Lisk holders to make community-led decisions.
    “The Lisk community is essential to our growth and their support will be the only way to achieve our goals in the next few years. By giving them a platform to have a voice, the community can administer and deploy the tools they need for sidechain development by their own initiative. We are thankful that our community showcases demonstrated passion, support and understanding of the blockchain technology and all of its benefits,” Kordek added.
    Concludes Kordek:
    “We want to be as open and transparent as possible and unveiling our future commitments was a special moment for us. We believe the resulting outcome of our efforts will supercharge the democratic and decentralized nature of our blockchain while providing a foundation for long-term sustainability and success.”

              Overstock Successfully Issues Shares Over the Blockchain.        

    Overstock has always had a forward stance when it came to Bitcoin, being one of the first major retailers to accept the cryptocurrency. Now they have taken it a step further, making history by issuing shares by leveraging the Bitcoin Blockchain.
    This was accomplished through Overstock's subsidiary Medici, which owns 81 percent of tØ, or 'T Zero.' T Zero is touted as the world’s first blockchain-based trading platform. The modular and adaptable platform creates an “authenticated, immutable ledger,” and Patrick Byrne hopes to license it to not only other businesses, but use T Zero’s platform to revolutionize stock exchanges, banks, and other financial institutions.
    “This offering is historic in that we have successfully issued public securities that exist only on a blockchain,” said Overstock CEO Patrick Byrne.“In doing so, we have demonstrated to the world that there is indeed a path toward applying blockchain technology to capital markets in a way that complies with regulatory requirements and is accessible and practical for both issuers and investors. In the process, we raised a meaningful amount of capital, which Overstock can use to continue fueling our growth.” 
    Byrne calls the issuing of shares on the blockchain a “Sputnik Moment.” Not only is it a historical first, but “it demonstrates that we are live.” After having the operation approved by the SEC last December with as much as $6 million spent in legal fees just to make sure it was fully compliant with both the SEC and FINRA, investors are now able to trade the 126,565 shares that were issued over tØ’s blockchain.
    With that being said, stock prices for Overstock have been relatively undisturbed, with Overstock shares closing at $17.95 at the time of writing. The news has had a definite positive impact on share prices, especially from the $13.00 low Overstock witnessed in November.
    Bryne claims Overstock and its subsidiary are in talks with foreign governments discussing the possibility of launching exchanges using the technology as well. This comes at a time where financial heavyweights such as Goldman Sachs and Banco Santander are withdrawing from R3. Over time, more firms are expected to join the T Zero platform, creating a small but growing ecosystem of stocks that provide transparency for regulators.

              Kraken Awards $10,000 to Winners of BTC-ETH Portfolio Challenge.        

    In a challenge hosted by Kraken, the Investment Case Study Competition, Tulane University’s Freeman School of Business has won the top prize of $10,000. They provide evidence that a 67:33 Bitcoin to Ether ratio for a hypothetical portfolio would provide a diversified investment while still seeing outstanding returns.
    The crypto-related challenge posed by Kraken and The Economist to 13 teams at business schools located globally was as follows:
    “Bitcoin vs Ethereum: You have $1M to invest across these two blockchain technologies by buying bitcoins and ethers – the digital assets or “cryptocurrencies” that power these decentralized computer networks. You cannot touch your investment for the next 5 years. How much of that $1M do you invest in each? Why?”
    The Freeman School of Business from Tulane University suggested using the 67:33 ratio in a minimum variance portfolio (MVP), where assets are less risky when invested together based on the expected rate of return.
    This method was examined with the utilization of multiple regression models, to forecast prices of Bitcoin and Ether, and these models showed that the MVP had the second highest return following the full Bitcoin portfolio. Also, back-testing showed that the team’s chosen MVP had the lowest variance and comparable returns to a full Ether portfolio. The 52-week Monte Carlo simulation also displayed similar results, shown below.
    While the team’s evidence points to strong support for their choice, they also stated that:
    “the [portfolio’s] combination strikes an intuitive balance between the upside potential of Ether and the relative staying power of Bitcoin.”
    Second place was awarded to the team at Ryerson University’s Ted Rogers School of Management. With their 69:31 ratio, Ryerson adopts a slightly more “conservative” portfolio by favoring Bitcoin a little more than Freeman. The team analyzed the historical performance of both currencies and by extrapolating these values, formed a five-year projection.
    Coupled with conversations of industry leaders and adjusting the estimations for the variance, the team weighted their findings and came to the conclusion that while Bitcoin offered a higher expected value, a significant percentage should be allocated towards Ether for the sake of diversification.
    Third place is, even more, Bitcoin dominant than the first two, with a 78:22 ratio. BYU Marriott School of Management differs from the other two in that instead of relying heavily on historical data to come to weighted investments; the team assessed the question “through an extensive evaluation of seven fundamental attributes that are indicative of the potential longevity of each currency.”
    As the data size for both of these digital assets is quite small, as well as being extremely volatile and could be completely irrelevant in five years, BYU takes a more theoretical approach with the same concision in the end; Bitcoin should be the majority of an investor's cryptocurrency portfolio.
    Kraken may have created this case study for their use, and may indeed have a significant amount of funds they would like to hold without touching for several years with an expectation of returns associated with cryptocurrency. Regardless, investors could also use the data publicized in their own portfolio’s, balancing allocation to around 67 percent Bitcoin and 33 percent Ethereum for the best balance between risk and reward.

              10 Ridiculous Things You Can Buy with Bitcoin.        

    When Bitcoin first launched, it was primarily used by developers, hackers, and libertarians who did not want banks or the government to track their financial transactions. However, since the early days of Bitcoin, a lot has changed. Now, there are well over 100,000 merchants accepting bitcoin as a means of payment and you would be surprised what kind of ridiculous things you can buy with bitcoin.
    In this article, you will find 10 ridiculous things you can buy with bitcoin that you probably would never expect.

    1. Your own Remote Beach in the Pacific

    Have you ever wanted to own your own remote beach on an exotic island? Then why not use your bitcoin to purchase your own beach in the Kingdom of Tonga?
    This eight-acre beachfront in the South Pacific can be purchased for ~129 BTC ($98,000.) You could build your dream home or a small beach house on the edge of this beautiful sandy beach and enjoy the ocean view every time you wake up in the morning.

    2. A Shark-shaped Two-person Submarine

    If you want to travel through the ocean like a shark, above and below the water, you are able to purchase the two-person submarine, the Seabreacher, with bitcoin. This shark-shaped submarine is armed with a light 260hp supercharged engine that gives it the power-to-weight ratio of a Bugatti Veyron sports car. The Seabreacher is capable of doing 20-25mph underwater and 50mph+ on the surface. The price for a Seabreacher ranges from $80,000 to $100,000.

    3. A Lightsaber

    If you are a Star Wars fan and you have secretly always wanted to be a Jedi with your own lightsaber, now you can be. For a fee of around 0.3 bitcoin, the company BitLasers will sell you a range of different colored lightsabers. The lasers are sold in semi-assembled states, so some assembly is required but it shouldn’t take you longer than a few minutes to get your lightsaber ready for action. May the force be with you young Jedi!

    4. A Flesh-eating Flytrap Plant

    If you have always wanted to own a flesh-eating plant you can use your bitcoin to purchase one. Plant vendor Predatory Plants allows you to buy a wide range of carnivorous plants.  The flesh-eating Venus flytrap is one of the most popular ones, with their remarkable feeding action along with their fanged traps, going for ~0.01 BTC ($7.99). Other plants include butterworts, American pitcher plants, tropical pitcher plants and more. You can buy all of the plants using bitcoin and have them shipped right to your doorstep. Just make sure you don’t put your fingers too close to them.

    5. Guns

    You no longer need to log on to the Dark Web to purchase guns using bitcoin. Austin-based Central Texas Gun Works became the first firearms vendor in Texas to accept payments in the cryptocurrency bitcoin. This is inclusive of all in-store transactions such as the sale of firearms, ammunition, accessories, and class registrations. Starting from ~0.085 BTC (60 USD) for a concealed handgun, there are many options to choose from.
    6. Your own Coffin
    If you want to ensure you are comfortable in the afterlife and bitcoin is your preferred means of making payments, then you have the option of purchasing your own coffin at a 3 percent discount using the digital currency at Minnesota-based Crescent Tide Cremation Services.

    7. The Full Food Replacement Solution Soylent

    For people who can’t be bothered to cook or for those who simply want to stay healthy, the food replacement solution Soylent may be right for you. It is a mixture of carbohydrates, fats, fiber, proteins and other daily necessities in a bottle. The combination totals precisely 400 calories. In essence, Soylet is nutritionally complete staple food designed to provide maximum nutrition with minimal hands-on effort. It’s the most affordable, easiest way to squeeze in a healthy meal on the move without putting in any real effort. The nutritious package will cost you ~0.044 BTC ($32.30) for twelve 400 kcal bottles. If you want to replace your entire diet with a food replacement shake, you can do so by paying for it with bitcoin.

    8. A Degree from the University of Nicosia

    The University of Nicosia, the largest private university in Cyprus and one of the largest English language universities in the Mediterranean region, is the first accredited university in the world to accept bitcoin for tuition payments. In addition, the university has opened a free six-week online course, titled 'Introduction to Digital Currencies,' which is aimed at anyone wishing to gain a greater knowledge and expertise on the fundamentals of bitcoin, its underlying technology and digital currencies in general.
    Furthermore, the university has introduced a Masters of Science degree in Digital Currency, which is a 13- to 18-month course costing ~23.55 BTC ($16,250). The Masters degree course is available both online and on-campus and is aimed at increasing the knowledge of anyone involved in the cryptocurrency space, from finance professionals and entrepreneurs to regulators and government officials.

    9. Gold and Silver

    Using the digital currency, you are also able to purchase valuable precious metals such as silver and gold. Veldt Gold, for example, is one of the first online bullion dealers giving precious metal investors the opportunity to buy gold and silver, among other metals, using the digital currency bitcoin. They offer investment-grade gold and silver and free shipping for bitcoin-based bullion orders. Examples would be the 1 oz American Gold Buffalo retailing at ~1.9 BTC or the 100 oz Asahi Silver Bar going for ~2.7 BTC.

    10. A Ticket to Outer Space

    Billionaire Richard Branson’s Virgin Galactic space flight company will swap your bitcoins for a round trip ticket to the great beyond. Virgin Company officials announced that SpaceShipTwo passengers will have the chance to experience a glimpse of the rare view of Earth against the black outskirts of space. The Winklevoss twins have already scored their Virgin Galactic tickets with bitcoin. For ~341 BTC ($250,000) you can join this wonderful escapade and see the earth in all its beauty from outer space.
    As global bitcoin adoption marches on, the cryptocurrency is starting to be considered as a legitimate means of exchange by both online and offline vendors. More and more ridiculous and outrageous items will continue to become available in exchange for bitcoin.

              Zug, the Heart of the Swiss Crypto Valley, Warms to Bitcoin.        

    The little Swiss city of Zug became famous worldwide for being the first city to accept bitcoin for municipal services. Now the city says it has had “positive experiences” with accepting bitcoin - and that it plans to adopt non-monetary blockchain applications for the city’s administration.
    Zug, the capital of Swiss canton Zug, is a remarkable town. With just 23,000 inhabitants, the city is home to around 12,000 companies. It is known as the tax haven of Switzerland and has attracted some of the world’s biggest commodity traders.
    In Crypto-Land, Zug is also famous as the Swiss 'Crypto Valley'. Thanks to cheap taxes and the unobtrusive regulation, Zug has become home to a cluster of cryptocurrency and blockchain companies, most prominently the Ethereum Foundation and Shapeshift.
    In July 2016, the city administration underlined this position with a bold, pro-cryptocurrency statement; it accepts bitcoin at its office with an app the city and local crypto-company, Bitcoin Suisse AG, have developed. As the first town of the world accepting bitcoin, the city made headlines worldwide.
    The acceptance of bitcoin yielded an incredible echo in worldwide media, as city president Dolfi Müller says. Karl Kobelt, head of finance of Zug, said in July: “In my whole term there has been no event that created such a huge international resonance.”
    But not everyone was amused. The SVP group of the city criticized the venture as a “pilot project in dubious context” in a so-called “Interpellation.” The group asked several questions including; on what legal basis did the city council act when it introduced bitcoin as a means of payments? Does the council think it is his competence to make currency political decisions? How does the city deal with possible losses due to bitcoin’s volatility? And does the acceptance of bitcoin mean that the city also accepts other alternative currencies, like the Swiss’ private currency WIR?
    On December 13, the city’s council reported that the fears of the SVP were unfounded and that bitcoin will continue to be accepted. “It was an important experience for us to install and test bitcoin payments. With this, we could make a mark for the Fin-Tech companies in Zug and demonstrate that they are welcome here.”
    There have been around a dozen payments with bitcoin, mostly for the registration of new inhabitants and the confirmation of residences, which is not that bad for a city with 23,000 inhabitants. There have been no losses, and no gains, since Bitcoin Suisse takes on the volatility risk. So the city is happy to have started the experiment and will continue to accept bitcoin at the office.
    Plans to extend bitcoin acceptance, maybe for things like taxes, which could be pretty attractive for international companies, are not known. Likely the administration will not be able to push an extension of bitcoin payments through the city council against the SVP.
    The administration, however, does not want to stop accepting bitcoin for payments. It wants to evaluate if the Blockchain can play a role when it will push the digitalization of its city administration and municipal e-governance. Martin Würmli, of Zug city council, stated in July: “This technology will change the future administration.”
    And Zug, this little town in a Swiss valley, has the best chances to be on the forefront of this change.

              UPDATE 1-Nvidia tumbles ahead of results amid broader market drop        
    SAN FRANCISCO, Aug 10- Nvidia fell 3 percent on Thursday ahead of its quarterly earnings report, amid a broad market drop and despite expectations of strong revenue growth on demand for its chips from a wave of interest in cryptocurrencies. The Santa Clara, California company's expansion into cars, cloud computing and artificial intelligence has been richly...
              5 Steps to “Hard Fork” Your Life        

    Business-Building Action from Terry Brock Sometimes your life needs to radically change and turn around. You need to forget the “yuck” of the past and embrace a newer, better life. This is similar to what is talked about in the world of cryptocurrencies with a “hard fork” (or also hardfork). According to Investopedia, a hard...

    Read More

    The post 5 Steps to “Hard Fork” Your Life appeared first on Terry Brock Keynote Speaker.

              How to Buy Bitcoin in Malaysia? Full Guide        

    How to Buy Bitcoin in Malaysia? This guide will give all the details on buying bitcoin in Malaysia, in the easiest and most secure manner For those looking to learn how to buy bitcoin in Malaysia, this post explains the easiest ways to acquire the cryptocurrency. Below we will list the best options featuring the […]

    The post How to Buy Bitcoin in Malaysia? Full Guide appeared first on Value Nomad Malaysia.

              THE BOTTOM LINE: Warning shots for stocks and a look at bitcoin after the split        

    This week: 

    • Stock indices forged ahead to make new highs before escalating political tensions between the US and North Korea spurred some mid-week selling. Business Insider CEO Henry Blodget discusses the many yellow flags that have been raised about the sustainability of the equity rally. Jeffrey Gundlach, the CEO of DoubleLine Capital, is so confident that fear will return to the market that he made big bets on a spike in the CBOE Volatility Index — or VIX — calling the trade "easy money." Meanwhile, stock valuations are the most extended since the tech bubble, and that's flashing warning signs about how long the rally can continue. And unlike the dotcom era, all sectors are stretched right now, not just tech.
    • Bitcoin also hit new highs this week, and has been called the "perfect asset for a speculative bubble." It could go to $1 million, or $1 — no one really knows at this point. The cryptocurrency recently "forked," which resulted in every coin being split into one coin, and one unit of something called bitcoin cash. Now the question becomes whether bitcoin cash will be as popular or widely used as regular bitcoin. If it fails, that won't have any direct effect on bitcoin, and if it becomes useful, it'll be another purely speculative investment vehicle.
    • There's a debate raging over artificial intelligence (AI), and whether the machines will take over everyone's jobs. History suggests that the economy is good at adjusting to technological change. Wall Street Journal columnist Greg Ip recently wrote a piece, drawing parallels between the rise of AI and the proliferation of Microsoft Excel. He noted that while spreadsheets did eliminate some jobs, it also created whole new employment opportunities.
    • Julia Coronado, the founder and president of economic research firm MacroPolicy Perspectives, spoke to Business Insider executive editor Sara Silverstein about recent jobs data. She discusses the size of the so-called shadow labor force, which she views as an open question. Coronado says that low wage growth suggests there's a lot of potential, and notes that millennial women have been re-entering the workforce. She then goes on to discuss the tightening efforts of the Fed, which she sees fully priced in by the Treasury market — but she questions whether investors in other areas are as prepared. Coronado also discusses her view on inflation, and breaks down the differing stories being told in the stock and bond markets, and thinks the more macro-focused fixed-income market is reading it better.
    • Denise Chisholm, a sector strategist for Fidelity Investments who uses historical probability analysis, spoke to Henry Blodget about whether the stock market is in a bubble. She notes the outperformance of a cap-weighted S&P 500 and one that's weighted equally, and dispels the idea that it's a negative sign. Chisholm also sees the market-beating returns seen in tech as aligned with history, and doesn't view it as a tail event. She then goes on to break down the three main drivers of tech performance, and outlines why she sees growth stock in the sector as cheap. Finally, Chisholm recommends seeking out defensive stocks, which will outperform in a down market and still ride the wave higher when the market is climbing.

    Join the conversation about this story »

              Bitcoin cash plunges as investors look to dump their coins        

    diving swimming pool plunge

    The price of bitcoin cash, a spinoff cryptocurrency of bitcoin, has taken a beating over the last 24 hours as investors look to dump their coins. 

    According to data from Coinmarketcap.com, bitcoin cash is down about 12% Thursday, at $278 per coin. 

    Meanwhile, bitcoin is up over 2% to $3,429. 

    On August 1, bitcoin split in two after a years-long battle in the cryptocurrency community over the rules that should guide bitcoin's network.

    That split resulted in the creation of bitcoin cash, which was spun out of the same blockchain network as bitcoin — almost like a copy of it — but built to process more transactions more quickly.

    Many folks in the community think bitcoin cash's price has been inflated by issues with the technology underpinning the coin.

    Aaron Lasher, the chief marketing officer of Breadwallet, one of the largest bitcoin wallet companies, told Business Insider that the bitcoin cash price plunge Thursday is likely linked to selling pressure from folks who can now transfer their coins from wallets, where investors store their coins, to exchanges, where coins can be bought and sold. 

    The majority of bitcoin cash holders who have their holdings in a private wallet can't do anything with it at this point, according to Lasher. Basically, it's stuck, kind of like a pending deposit on your checking account. 

    Lasher told Business Insider that wallets, Breadwallet included, are playing catch-up, and working on updating their infrastructure so bitcoin cash investors can move their coins over to exchanges where they can be actively traded. 

    Breadwallet put up a blog post on their website on Thursday to show users how they can "hack" their own wallets to move their coins over to an exchange to sell them.

    "Basically, it involves setting up another wallet and then making some modifications," Lasher said. "It's not hard for someone with the expertise and probably takes 20 minutes."

    But it's not something the average user could do.

    "There are people who want their money now and they don't necessarily care about security," he said. 

    In the short term, Lasher says, selling pressure will drag the price of bitcoin cash down. In the long run, however, bitcoin's price could appreciate if it proves itself as a viable alternative to bitcoin.

    SEE ALSO: Bitcoin cash may be a house of cards that comes crashing down

    Join the conversation about this story »

    NOW WATCH: THE BOTTOM LINE: New record highs for stocks and a deep dive into Apple's iPhone

              Nvidia trounces estimates for earnings and revenue, shares still tank (NVDA)        

    Nvidia ceo volta tesla v100

    Nvidia reported profits and revenues that were much stronger than analysts had expected Thursday.

    The maker of graphics processing units said it earned $1.10 per share on an adjusted basis, topping the forecast for $0.82 according to Bloomberg. Its revenue totaled $2.23 billion, beating the forecast for $1.96 billion.

    Nvidia gained 2% before slumping by as much as 8% despite the beats across the board. The decline, Bloomberg reported, reflected a slowdown in revenue growth from Nvidia's data centers to a 2% quarter-on-quarter pace compared to 38% in the first quarter.

    Nvidia has been one of the market's hottest stocks this year, rallying 54% through Thursday's close. 

    Revenue from data centers surged 175% year-on-year to $416 million. "The recent rise in crypto coin prices resulted in increased demand in OEM GPU sales," Nvidia said. Its GPUs are used in computers that mine cryptocurrencies like bitcoin, which has risen 253% this year.

    In the earnings statement, Nvidia CEO Jensen Huang said use of its chips in games like the Nintendo Switch also helped drive growth during the second quarter.

    "Nearly every industry and company is awakening to the power of AI," Huang said.

    Screen Shot 2017 08 10 at 4.41.56 PM

    Join the conversation about this story »

    NOW WATCH: Wells Fargo Funds equity chief: Companies were being rendered obsolete long before Amazon emerged

              STOCKS TUMBLE: Here's what you need to know        

    fall slip san francisco

    The 15-day streak of narrow moves in the S&P 500 came to an end on Thursday with the benchmark index closing down 1.45%. It was the biggest one-day drop since May 17. 

    The index had settled within 0.30% of its previous day's close for 15 straight sessions.

    The CBOE's Volatility Index, known as the VIX, jumped 45% to 16.04 which is its highest level since the election. 

    US markets fell as tensions with North Korea grew. The S&P 500 dropped 1.41%, the Dow slipped 0.91%, and the Nasdaq fell 2.13%.

    First up, the scoreboard:

    Top Stories

    1. The market's reaction to North Korea this week is historically unusual. Recent incendiary comments from President Donald Trump and North Korea's army have spooked investors, but stocks haven't fallen too severely.
    2. GUNDLACH: Gold's chart has 'one of the most bullish' patterns around. The "cup and handle" pattern could send gold to $1,460 an ounce.
    3. Blue Apron warns of a big loss in the 2nd half of the year, shares crater 15%. In the first earnings call for the young company, the CEO dropped a bombshell that sent stocks slipping.
    4. Trump's immigration plans would wipe out 1.3 million jobs in a decade, according to his alma mater. Wharton doesn't think the president's plan is as good as he says it is.

    Other Stories 

    Nike just got great news from an unlikely source

    An unprofitable yoga chain is making a 2nd attempt at an IPO — for way less money

    How Goldman Sachs legend Dina Powell became Trump's national security star

    Kohl's is defying the retail meltdown — and it's more proof that malls are dying

    The CEO of the world’s largest diabetes drugmaker says insulin pricing will change — it will just be slower than expected

    A CEO just said on live TV that billionaire Bill Ackman reminds him 'of a spoiled brat in school'

    New York City landlords may be cutting back on freebies

    RAY DALIO: Risks are rising, and everybody should put 5% to 10% of their assets in gold

    Walmart's latest strategy confirms the death of the American middle class as we know it

    SEE ALSO: BARCLAYS: AMD can't be saved by cryptocurrencies

    Join the conversation about this story »

    NOW WATCH: THE BOTTOM LINE: New record highs for stocks and a deep dive into Apple's iPhone

              WannaCry Bitcoin wallets emptied as $143k ransom moved        
    Bitcoin wallets related to the WannaCry ransomware attacks and stuffed with more than $140,000 worth of the cryptocurrency have been emptied, experts say. The balance of the various accounts, which amounted to 52.2 BTC, was unexpectedly drained overnight. Funds began to mount in early May 2017, as victims of WannaCry coughed up the virtual cash needed to unlock their data. … Continue reading
              Hello from France :-)        


    I am a french print/interactive designer
    and a cryptocurrencies enthousiast

    I have just purchased the tabbycoin.com domain name

    And I like VW Golf :
    You need the Unity plugin :
    All browsers compatible except Chrome

    I am playing with the 3D Tabby model right now 🙂

              TDI Podcast: A Cryptocurrency Flash Crash (#515)        
    Leading indicators hit expectations as the U.S economy continues to move along. Healthcare and biotech companies are rocking as there is the hope that any new law passed will be much more gentle on the sector. At the same time, Amazon continues to announce new deals that is rocking the retail space. Listener questions and […]
              TDI Podcast: World of MoneyCraft with David Ackerman (#472)        
    Guest: David Ackerman gives us some important insight into the world of Bitcoin and cryptocurrency.   With all of the recent news regarding hacks of the system, is this a viable currency (now and in the future)? Not much in the way of economics this week, however coming up this Friday – Yellen will be […]

              FinTech - Have you heard of NEO "the Chinese rthereum"? Well it's up 13000% this year, Bitcoin exchange operator sued in Singapore, Robot takeover postponed as quant funds flattened in equities        
    Have you heard of NEO "the Chinese rthereum"? Well it's up 13000% this year From Linkedin.com: China is the world's largest market for FinTech by far. But up to this point, it is yet to have a domestic cryptocurrency reach to heights like Bitcoin (BTC) or Ethereum (ETH). That's ab...
    Article link
              Number of cryptocurrency hedge funds set for launch hits 70        
    From Valuewalk.com: The number of cryptocurrency hedge funds explodes. "Bitcoin's meteoric rise is costing some investors billions" claimed a recent Business Insider article, citing data provided by the financial analytics firm S3 Partners. According to S3, investors betting aga...
    Article link
              Digital Gold: The Untold Story of Bitcoin review – where there’s geeks there’s brass        
    This entertaining history of bitcoin traces the cryptocurrency’s nerdy origins and vast potential

    The history of money goes back a long way – at least to 2000 BC– and one way of studying the evolution of human societies (and indeed of entire empires) is to follow the money that they used. Coins evolved into banknotes which evolved into cheques which evolved into credit and debit cards, which is more or less where we are now. The big question is what happens next.

    In one sense the answer is obvious: money has to all intents and purposes metamorphosed into digital bits. When you wave your new contactless debit card (or, soon, your iPhone 6) over a retailer’s card-reader, what you’re really doing is instructing a computer to reduce a number stored in a ledger on your bank’s hard drive and increase a number stored on the retailer’s bank’s ledger by a corresponding amount. No physical cash has changed hands: all that’s happened is a transfer of digital information.

    Continue reading...
              Why Cryptocurrencies Can Never Replace Physical Gold        
    Gold is rare enough to be a true store of value. There’s no danger of it becoming ubiquitous, even if a dozen super-high-grade deposits were discovered tomorrow. If ever the lights go out, due to an electromagnetic pulse, either as an act of war or through a strong solar flare, Bitcoin will vanish instantly. Physical gold, on the other hand, will still be there and ready to use as needed.
              Viberate Enables Musicians To Charge For Their Performances In Cryptocurrencies        
    Viberate Will Allow Musicians To Start Offering Gigs To Event Organizers In Exchange For Crypto Coins Such As Bitcoin And Ether
              Happy Tax Announces "Pay By Cryptocurrency" - The First Ever for any National Franchise Brand!        
    Happy Tax Announces "Pay By Cryptocurrency" - The First Ever for any National Franchise Brand! Entrepreneur Magazine's Fastest Growing continues to innovate while the rest of the pack lags.
              Comment on Financial Expert Jonathan Harris Feels “Zero” is the Right Price for Bitcoin and other Cryptocurrencies by McDolans        
    What a delusional moron. But-hurt much?
              Crowdsale & Cryptocurrency Fuels Next-Gen Social Network Synereo        
    If a new social network is to break the mold of everything that went before, it will require a social media marketing strategy that’s just as innovative. In a follow-up to ‘Defining Synereo Before It Redefines Facebook,’ the programming team who’ve investIf a new social network is going to break the mold of everything that went before, it's going to require a social media marketing strategy that’s just as innovative. In a follow-up to my blog post ‘Defining Synereo Before It Redefines Facebook,’ the programming team behind Synereo are relying on cryptocurrency to serve as legal tender when users register for their network, via a new crowdsouring mechanism called a ‘crowdsale.’
              Comment on New kids on the blockchain by jake        
    ... RE voting, the voter is also able to audit their vote once the result is to confirm that the system processed their vote correctly. At the moment we have to trust 3 parties to do that job, which particularly in the case of postal voting raises eyebrows. All that can go away! Moving to medical records. Why would I trust any centralised system, of which their are numerous examples of data leaks, hacks, and data sales. No, I much prefer a blockchain solution, accessible planet wide (some countries run firewalls!) from which I determine which information can be accessed and by whom. Not all problems are about double spend, some like myself place value on privacy, another solution provided by the blockchain, also very relevant to medical records. Yes, it is technically possible to hack a blockchain. Have you any idea of the computer resources that would be required? It is in the order of the Manhattan Project to do that to bitcoin. Therefore, I'll consider that one negligible, as who is going to devote those kinds of resources to steal my medical records? I see you do understand the application regarding IOT. Correct, an excellent way to attribute identity to 'things'. Now as for blockchain space, I am not going to pretend that it is an all singing dancing technology. Some things are better centralised. Search is a good example, data storage another. It is very inefficient to index and store large chunks of data on a blockchain. What the blockchain does very well though is provide the solution to eliminating layer(s) of waste, or middlemen, of which their are many examples I could give you. It returns privacy to the user in an age where all our electronic interactions are monitored. It provides a system where the transaction can be trusted. It can confer ownership based on block stamping, useful if you sell ticket events. There are so many more problems being solved with this technology. Did I mention smart contracts...wow, worthy of another article! In the end, we are not seeing a bubble inflated. You will know it is when your next door neighbour is ready to tell you about some great blockchain app they just discovered. We are far from that time. Just ask your neighbour what Etherium is and witness the blank stare. Or not the current market cap of all cryptocurrencies at just over $120B. Many large banks transact trillions every day. This is not the end, but the beginning, and those prepared to look at it with an open mind and implement it where it makes sense will own tomorrow, whether your business is banking, engineering, or supply chain management. We will all be using blockchain systems daily within a few years. My advice to you is get on board early.
              8月8日(火)のつぶやき その1        

    調べましたが無さそうです。量子ドットで他の日本企業でだとここ ns-materials.com/%EF%BD%8E%EF%B… が期待されてるようで5214日電硝子が出資してます。 twitter.com/stocktrain2/st…

    — 裏縁三会(linked by fate) (@ensankai) 2017年8月8日 - 01:26

    この欠けた黒い部分は地球の影です。 pic.twitter.com/C1UFaiHH4q

    — KAGAYA (@KAGAYA_11949) 2017年8月8日 - 03:26


    — 三四郎 (@34ro) 2017年8月7日 - 23:43

    近畿から北陸へと進む台風第5号.台風に伴う反時計回りの強風が山にぶつかり,山地にへばりつくような地形性降水が持続.所々で発達した積乱雲が列をなすように組織化してる.明日9日にかけて西~東日本や東北では大雨災害に厳重な警戒をお願いし… twitter.com/i/web/status/8…

    — 荒木健太郎 (@arakencloud) 2017年8月8日 - 06:38



    — 無双タヌ神 (@GodTanu) 2017年8月8日 - 02:57

    本当に凄まじい勢いですね。私の周りでも、暗号通貨の購入を始める人が着々と増えてきました。ついこの間まではクリプトコイナーである私を白い目で見ていた人達も今は興味を持っています。つまりは、そういうことなのです。 twitter.com/zaifdotjp/stat…

    — クリプト親方@暗号通貨 (@CPoyakata) 2017年8月8日 - 00:21

    #中国、人民元の地位強化はお預け on.wsj.com/2vH853Z

    — ウォール・ストリート・ジャーナル日本版 (@WSJJapan) 2017年8月8日 - 06:35


    WAVESは証券保管振替機関とパートナーを組みデジタルアセットプラットフォームを開発する cryptocurrencymagazine.com/waves-to-devel… @CCMag_Japanさんから

    — Global Finance (@kubotamanju) 2017年8月8日 - 02:15


    — きゅーび (@9bee_16) 2017年8月7日 - 11:32


    — 明日ロック (@lomography100) 2017年8月7日 - 12:52

    RT&アドレスリプお願いします😉 pic.twitter.com/UmRRRhdS85

    — 水瀬 亞里亞@クリプトエンジョイ勢😘 (@aria_minase) 2017年8月8日 - 02:35

    本日 23 時から、テレビ東京「ワールドビジネスサテライト」で新宿マルイ アネックスにて行われたビットコイン決済の試験導入のイベントの様子が放送予定です!ぜひご覧ください。
    イベントでは、当社 CFO の金光も… twitter.com/i/web/status/8…

    — bitFlyer(ビットフライヤー) (@bitFlyer) 2017年8月7日 - 19:40

    今日は新宿マルイアネックスでのビットコイン決済開始がありましたが、BTCJPYもすごいことに。BCHと合わせて自然体で40万円超えてる・・・!からのそろそろSegwitロックイン! pic.twitter.com/BcTsPrPDJH

    — 金光碧 (@KanemitsuMidori) 2017年8月8日 - 01:14


    — Tetsu UASF 大石哲之 (@tyk97) 2017年8月8日 - 00:55

    This is the 1983 Apple prototype, the first iPhone pic.twitter.com/nh2pK3VrLH

    — History In Pictures (@historyepics) 2017年8月6日 - 18:27


    — 石平太郎 (@liyonyon) 2017年8月8日 - 07:32

    毎度おなじみ気象庁と米軍の意地の張り合い発生中なんだが pic.twitter.com/q4YlhFb7Jb

    — ゆ@無慈悲なけんおうちほー (@yuzukoseuG) 2017年8月7日 - 10:57

    円来月にも対ドル100円へ、際立つ割安さと円売り投機bloom.bg/2vHgCUW pic.twitter.com/rwdE3XU85y

    — ブルームバーグニュース日本語版 (@BloombergJapan) 2017年8月8日 - 07:34

    $USDJPY、4hBM。ということは、週足下降ジェイウォークとなるが、週足-2σは通過点に過ぎず、月足下降ジェイウォークへ進むということになるかな。 chart jp.tradingview.com/x/FcsAVDAD/ via tradingview.com

    — マタドール (@FXtradenote) 2017年8月8日 - 07:49

    ドル円、週足。スクィーズしている。これが下方ブレイクする可能性が高いわけね。 pic.twitter.com/oSztli9zlE

    — マタドール (@FXtradenote) 2017年8月8日 - 07:52

    ドル円、月足。プライスはセンターライン付近にあって、スクィーズしつつある。厚い雲に突っ込んだところ。-2σは、昨年安値の攻防になった50%ライン付近にある。雲の下限でもある。ここを試す可能性が高いのかな。 pic.twitter.com/NqMMFSgjWq

    — マタドール (@FXtradenote) 2017年8月8日 - 07:55

    $FXBTCJPY、4hBM。週足+2σを突破して高値更新。舞い上がりそう。chart jp.tradingview.com/x/LKCySUjk/ via tradingview.com

    — マタドール (@FXtradenote) 2017年8月8日 - 08:14


    COMSA - 実ビジネスのブロックチェーン導入を支援するICOソリューション comsa.io/ja/

    — COMSA (@comsadotio) 2017年8月8日 - 08:15

    [日経] 世界の証取、仮想通貨技術を取り込み コスト・日数削減 dlvr.it/PcVNmT pic.twitter.com/4WKSkIttxg

    — bitpress(ビットプレス) (@bitpress) 2017年8月8日 - 08:30

    現在のビットコイン価格は 381,000 円台です。
    lightning.bitflyer.jp pic.twitter.com/FupuLylxO6

    — bitFlyer(ビットフライヤー) (@bitFlyer) 2017年8月8日 - 10:43

    昨日のスマホ版FT3のアプリ、かなり良いと思うので動画とりました。トランプ大統領選の日経225の1H足と5分足です。通貨の他にダウ、SP500、原油、ゴールドなどのチャートもあります。エントリーする時に画面が切り替わるのが気になり… twitter.com/i/web/status/8…

    — 考えるアシ (@shutin11) 2017年8月7日 - 21:38

    やっていきましょう🔥 twitter.com/coincheckjp/st…

    — 和田 晃一良 (@wadakooo) 2017年8月7日 - 20:42


    #ブロックチェーン #暗号通貨 #ICO

    — Hiroshi Shimo (@hiroshi_shimo) 2017年8月7日 - 23:23

    な、僕言いましたよね?  ヨコヨコだけど昨日からヨコヨコの内容が違うから気をつけろって。そんなの妄想だって沢山ご批判のDMきたけど。

    — Manager2525 (@newjk225) 2017年8月8日 - 10:52


    — Manager2525 (@newjk225) 2017年8月8日 - 10:42
              8月7日(月)のつぶやき その3        


    — Tetsu UASF 大石哲之 (@tyk97) 2017年8月7日 - 13:18

    ICO時代の立役者として、それなりの力… twitter.com/i/web/status/8…

    — クリプト親方@暗号通貨 (@CPoyakata) 2017年8月7日 - 11:27

    とーけーからのアップか戻りかの選択も無くなって、トレンドレスだよ、ドル円さん(・・) pic.twitter.com/AOxKZ6kzXi

    — みなも (@nyamo1239) 2017年8月7日 - 13:13

    ドル円、15mBM。先週末、急騰して、1h上方ブレイクから4h+2σにぶち当たった。その影響でフラフラと調整中。1hセンターラインが急上昇して来ている。そろそろ動きがあるか? pic.twitter.com/T8Tn5wZu7g

    — マタドール (@FXtradenote) 2017年8月7日 - 13:50

    ユーロドル、15mBM。1hセンターラインに当って、張り付いてジリ下げしている。トレンドラインを割るかどうか。 pic.twitter.com/TV0wieYrbj

    — マタドール (@FXtradenote) 2017年8月7日 - 13:52

    - 改ざん耐性が高まり、支払いシステムとしての有用になる
    - 同時にstore of valueとしての価値も高まる

    — 田中😇 (@tanaka_bot_1) 2017年8月7日 - 13:47

    思わなかったが、次世代で巻き返せないとアウチだ日本は。 twitter.com/nikkei/status/…

    — ハ ピ (@emerald88844) 2017年8月7日 - 13:51

    ビットコインが最高値、3200ドル台 シカゴに先物上場で期待(日経)

    — 岡三マン (@okasanman) 2017年8月7日 - 12:54


    — bellbelo99 (@bellbelo99) 2017年8月7日 - 12:20

    $FXBTCJPY、1時間足。上方ブレイクにトライするか? chart jp.tradingview.com/x/j9rd9tBG/ via tradingview.com

    — マタドール (@FXtradenote) 2017年8月7日 - 15:17

    $FXBTCJPY、4hBM。週足+2σへの猛攻撃継続中。突破するかも。 chart jp.tradingview.com/x/4waDXDd9/ via tradingview.com

    — マタドール (@FXtradenote) 2017年8月7日 - 15:19


    ~円は来月にも対ドル100円へ、際立つ割安さと円売り投機-野村AM bloomberg.co.jp/news/articles/… @bloombergjapanさんから

    — 大橋ひろこ (@hirokoFR) 2017年8月7日 - 11:14

    1. TOEIC満点
    2. 簿記1級
    3. 自分の専門性の確立。なんでもいい。プログラミング、統計、いい研究室に入っていたら研究領域。他者に説明出来る、納得してもらえる形で


    — touya (@touya_huji) 2017年8月7日 - 15:16


    — 新海誠 (@shinkaimakoto) 2017年8月7日 - 14:26


    — Tetsu UASF 大石哲之 (@tyk97) 2017年8月7日 - 14:08


    — Tetsu UASF 大石哲之 (@tyk97) 2017年8月7日 - 13:14


    — Tetsu UASF 大石哲之 (@tyk97) 2017年8月7日 - 13:33

    例えば近い将来、Googleの「量子シミュレータ」が「ハーバー・ボッシュ法」に替わるアンモニア製造法を見つけ出し、Googleが世界最強の化学会社になる可能性があるかもしれません。Googleのブログからはそんな意図が読み取れます research.googleblog.com/2016/07/toward…

    — Atsushi Nakada (@Nakada_itpro) 2017年8月6日 - 15:59

    [文春] 話題の新サービス「VALU」って何だ? 小川晃平代表に聞く dlvr.it/PcJLWH pic.twitter.com/JLdGmPHzhX

    — bitpress(ビットプレス) (@bitpress) 2017年8月7日 - 14:13

    Jonが写真くれた! Thanks! @southtopia pic.twitter.com/DE8QEu5vBR

    — 金光碧 (@KanemitsuMidori) 2017年8月7日 - 13:57

    XEM高騰中!!まだ買って人なんて…いないよね…? - what cryptocurrency ? crypto-wonderland.hatenablog.com/entry/2017/08/…

    — レイチェル🔰投資家1年生 (@Rachel0205) 2017年8月7日 - 13:38

    あと2日でSegWitロックイン twitter.com/fahmyeu/status…

    — Koji Higashi (@Coin_and_Peace) 2017年8月7日 - 14:55


    — マタドール (@FXtradenote) 2017年8月7日 - 17:41


    ビットコインが過去最高値更新、分裂を投資家は気にせず bloomberg.co.jp/news/articles/… @bloombergjapanより

    — ほよよ(詐欺コインレーダー) (@uhohoiarale) 2017年8月7日 - 17:31


    DMMバヌーシー|馬主じゃないよ、バヌーシーだよ! banusy.dmm.com

    — 和田 晃一良 (@wadakooo) 2017年8月7日 - 17:14

    分裂騒動収束のビットコイン、新宿マルイで決済可能に itmedia.co.jp/business/artic…

    — IT News Japan (@itnewsjp) 2017年8月7日 - 15:57

    (映像はボランティアで現地に入った方撮影) pic.twitter.com/9Kgdd30ADN

    — ガスたん@7.29-30角島 (@gastan48) 2017年8月5日 - 20:09

    COMSAの未来は「メディチ家」、それとも「ロスチャイルド」?  - Market Hack markethack.net/archives/52052… @hirosetakaoさんから

    — 田端 信太郎 (@tabbata) 2017年8月7日 - 18:20

    米株高「今度こそ違う」、急落しない理由 on.wsj.com/2uy6jhv

    — ウォール・ストリート・ジャーナル日本版 (@WSJJapan) 2017年8月7日 - 19:00

    「ネットわー、フェイクニュースがー」と日頃から喧しいNHKやテレ朝が、速攻フォーカスしそーな事件なのに、TV報道おそいですね。どーしたのでしょーか? #nhk #tvasahi #tbs @nhk_news @nhk_kurogen twitter.com/Yuu14Sunplas/s…

    — だろん (@reddalon) 2017年8月7日 - 18:18
              8月7日(月)のつぶやき その2        

    $FXBTCJPY、1時間足。センターラインが押し目になるのかどうか。 chart jp.tradingview.com/x/KF8V6kw6/ via tradingview.com

    — マタドール (@FXtradenote) 2017年8月7日 - 09:21

    $FXBTCJPY、4hBM。週足+2σの攻防になっているのだが、落ちないから、そのうちブレイクするのだろう。 chart jp.tradingview.com/x/aiZdPwbZ/ via tradingview.com

    — マタドール (@FXtradenote) 2017年8月7日 - 09:22


    — マタドール (@FXtradenote) 2017年8月7日 - 09:23


    7月中旬に上方ブレイクしたのだが、またセンターラインまで戻ってしまった。絶好の押し目と見るが・・。 pic.twitter.com/jGLezKgbj6

    — マタドール (@FXtradenote) 2017年8月7日 - 09:29


    — マタドール (@FXtradenote) 2017年8月7日 - 09:36


    ブロックチェーン本命。リミックスポイントを煽る人が多くて、ちょうど同じような株価になっているが、インフォテリアの方が正当に強くなると思う。 pic.twitter.com/Vk2WtiuY7C

    — マタドール (@FXtradenote) 2017年8月7日 - 09:41


    量子コンピュータ関連で注目を浴びたが、ずっと業績は伸び続けているし、配当もしっかりしている。上場来高値を更新して行っても不思議はない。 pic.twitter.com/HdEGTNiESU

    — マタドール (@FXtradenote) 2017年8月7日 - 09:50

    $ETHUSD ピョコンと出て来たよ pic.twitter.com/Hv7pJLfvlN

    — トレスト☠テクニカルアオリスト (@TrendStream) 2017年8月7日 - 09:46

    $XEM まだ雲の中、シグナルもまだ。でも今の形は買い時として悪くないかも。 pic.twitter.com/Ft10WXJyAB

    — トレスト☠テクニカルアオリスト (@TrendStream) 2017年8月7日 - 09:39

    原油価格、ヘッジファンドを味方に付ける-変動しつつ50ドルに近づく bloom.bg/2ueGbsM pic.twitter.com/mNVnKrJTbe

    — ブルームバーグニュース日本語版 (@BloombergJapan) 2017年8月7日 - 09:45

    気がつけばFinTech 日常に浸透、スマホ世代が支持:日本経済新聞 nikkei.com/article/DGXKZO…

    — わりかんアプリ paymo(ペイモ) (@paymo_life) 2017年8月7日 - 09:23



    — mineCC (@ETHxCC) 2017年8月7日 - 09:42

    $FXBTCJPY、1時間足。-2σをトライしそうだ。が、割れることはないだろう。 chart jp.tradingview.com/x/kJZ5oazR/ via tradingview.com

    — マタドール (@FXtradenote) 2017年8月7日 - 10:29


    — Cojee (@CojeeMobile) 2017年8月7日 - 09:56

    ユーロドル、15mBM。きれいな下降フラッグだと思うが・・。1hセンターラインが急降下して来ている。 pic.twitter.com/htHX2W3KUq

    — マタドール (@FXtradenote) 2017年8月7日 - 10:35

    31歳で2.6億円 試行錯誤5年、中小型株投資が開花 : NIKKEI STYLE style.nikkei.com/article/DGXMZO…

    — 株式情報市場 (@yuria2122) 2017年8月7日 - 10:33

    世界中で相次ぐICO取引、その秘められた可能性とは【アルトコイン評価ニュ... - invst.ly/4qdjg

    — Investing Japan (@InvestingJapan) 2017年8月7日 - 10:33



    #coincheck #bitFlyer… twitter.com/i/web/status/8…

    — mineCC (@ETHxCC) 2017年8月7日 - 10:32

    「超一流になるためには1万時間の練習が必要」は真実か? gqjapan.jp/culture/sports… @GQJAPANさんから

    — マタドール (@FXtradenote) 2017年8月7日 - 11:45


    — AFPBB News (@afpbbcom) 2017年8月7日 - 00:01

    ユーロドル、15mBM。1hセンターラインタッチ。さて、どうなるか。 pic.twitter.com/CjbaT5Cb4y

    — マタドール (@FXtradenote) 2017年8月7日 - 12:46

    豪雨レーダ(tenki.jp/map/)も、激しい雨を降らせている台風のようすを捉えています。午後も大雨や暴風に十分警戒してください! pic.twitter.com/q1EcAq0T3u

    — tenki.jp (@tenkijp) 2017年8月7日 - 12:44


    終わりの始まりなどとGIZMODO USは言っていない|Take the 'A' Lane amaneken.blogspot.com/2017/08/gizmod…

    — 大橋ひろこ (@hirokoFR) 2017年8月7日 - 12:44

    「 #慰安婦 = #性奴隷 」広がる誤解 #中韓 など #記憶遺産 申請の英資料に「強制連行」なし 証言・写真も真正性欠く #日本 #韓国 #中国 zakzak.co.jp/soc/news/17080…

    — zakzak (@zakdesk) 2017年8月7日 - 12:36

    Poloniexが破産か? coinsforest.com/p/2516/ @coinsforestさんから

    — 暗号通貨革命 (@cryptocurrency3) 2017年8月7日 - 12:40

    coincheck.com/ja/exchange #coincheck pic.twitter.com/kBkZDIuAv5

    — Coincheck(コインチェック) (@coincheckjp) 2017年8月7日 - 11:36


    暴力的なほど売上高倍増が連続している。そして、これは更に続く。ずっと赤字を叩いていたわけだが、今決算で、ついに黒字化する。しかも半端ない。 pic.twitter.com/BRacm6od1I

    — マタドール (@FXtradenote) 2017年8月7日 - 13:37

    今日から新宿マルイアネックスでビットコイン決済ができるようになりました!(今はbitFlyer Walletだけ)会見にたくさんのメディアがきてくださいました。
    早速Billabongのキャップを買いましたYO #marui… twitter.com/i/web/status/8…

    — 金光碧 (@KanemitsuMidori) 2017年8月7日 - 13:14


    しかし出勤前に作りシャンパンは飲めそうにない! pic.twitter.com/XjZF7OQWGn

    — 笹森 樹 (@gelmanes) 2017年8月7日 - 13:40

    BIG Japan、9/4に東京で「ブロックチェーン・カンファレンス Tokyo 2017」開催 dlvr.it/PcHzj0 pic.twitter.com/lY4hpYY8Ty

    — bitpress(ビットプレス) (@bitpress) 2017年8月7日 - 13:15
              What's being hidden?        
    What sort of America can be "taken down" by the truth?


    What's the government trying to hide?

    They think they can spy on all of us and yet that they, who work for us, can hide their actions?

    I don't think so.

    Closing with C.I.'s "Iraq snapshot:"

    Friday, July 21, 2017.

    Let's pretend that the fighting in Mosul really is over, what next?

    Susan E. Reed (WBUR) offers:

    ISIS did not rise up the minute U.S. troops withdrew from Iraq in 2011. It had been long fermenting in weakly governed communities marked by sectarian strife where Sunnis were routinely persecuted under the leadership of Iraq’s former Prime Minister Nouri Maliki.
    The country’s current Prime Minister, Haider al-Abadi, has made progress in cultivating a more integrated society, starting with the military. The Obama Administration urged Abadi to develop more inclusive security forces under the command of the central government. In fact, Kurdish forces worked alongside Iraq’s army in liberating Mosul. This kind of cooperation must continue so that former ISIS-occupied areas don’t devolve into fratricidal cesspools when survivors seek to quench their thirst for revenge.
    As Congress tied Iraq military aid to integration, it should tie development aid to the establishment of diverse, cooperative community groups that will rebuild and govern these delicate, violence prone areas. Prime Minister Abadi has talked about decentralizing control of Iraq, but this should only occur if minorities will have a voice in government.

    Iraq, which defines itself as a democratic Muslim state, has the potential to become a model of integration of different Muslim sects, religions and ethnicities. While it faces many obstacles —  such as corruption, a weak judiciary and significant influence from Shia Iran — making progress on integration would help stabilize it while providing a protocol for other countries struggling with internal strife.

    Hayder al-Abadi has not done a good job.

    Nouri was an outright thug.

    Compared to him, anything looks better.

    But let's not mistake Hayder not digging the hole even deeper for actually addressing the problem.

    Let's again note Human Rights Watch from earlier this week:

    International observers have discovered an execution site in west Mosul, Human Rights Watch said today. That report, combined with new statements about executions in and around Mosul’s Old City and persistent documentation about Iraqi forces extrajudicially killing men fleeing Mosul in the final phase of the battle against the Islamic State (also known as ISIS), are an urgent call to action by the Iraqi government.
    Despite repeated promises to investigate wrongdoing by security forces, Prime Minister Haider al-Abadi has yet to demonstrate that Iraqi authorities have held a single soldier accountable for murdering, torturing, and abusing Iraqis in this conflict.

    “As Prime Minister Abadi enjoys victory in Mosul, he is ignoring the flood of evidence of his soldiers committing vicious war crimes in the very city he’s promised to liberate,” said Sarah Leah Whitson, Middle East director at Human Rights Watch. “Abadi’s victory will collapse unless he takes concrete steps to end the grotesque abuses by his own security forces.”

    That is but one example.

    But if there is no justice in Iraq under Hayder, let's not pretend he's accomplished anything.

    He is ineffectual at best.

    Zaid al-Ali (ALJAZEERA) explains:

    As if reading from a script, a stream of soldiers, federal police officers and popular mobilisation fighters have engaged in mass arrests, torture, and summary executions of suspected ISIL fighters. 
    Increasingly, the perpetrators record every detail of their gruesome acts and post them on social media for all to see, including videos in which captives are thrown from the top of buildings and showered with bullets after they land on the riverbank. Just as seriously, individuals who are thought to be related to ISIL fighters, colloquially referred to as "ISIL families", are imprisoned in horrific conditions, many of them left without sustenance and medical care. 

    For the sake of clarity, the perpetrators include people of all faiths and races and are members of almost every security agency imaginable. In fact, just about the only security force that has not been accused of human rights abuses is the Counter Terrorism Service, which has been leading the fight against ISIL since 2014 (because the CTS is not politicised, it has not received anywhere near as much attention as other groups, such as the Popular Mobilisation Forces and the Peshmerga). Its commander, Lieutenant Abdel Ghani al-Saadi, is rumoured to have unsuccessfully challenged his counterparts from other agencies, as he learned of the abuse that was taking place, before storming out of the city. 
    Senior interior ministry officials have noted that torture and unlawful killings will be investigated and prosecuted in all cases, but it is common knowledge that prosecutors and judges are largely powerless to move against the security forces, despite a few token arrests. In fact, some of the worst perpetrators of abuse have argued that courts are so corrupt that any ISIL fighter who is arrested could bribe their way out of prison. 

    So let's stop the pretense that Hayder al-Abaci is a leader to rally behind or support.

    This we-have-to attitude led to the silence from so many during the reign of the butcher Nouri al-Maliki.

    And the desperation for him to be better than he is or can be is leading a number to look the other way.

    Replying to 
    : Video shows |i soldiers abusing an old man and walk him on a leash in Western .

    Let's stop the pretense -- the US military brass also needs to stop pretending.

    MARINE TIMES spoke with US Brig Gen Robert Sofge:

    Q: The U.S. military has faced some criticism for a spike in civilian casualties in Mosul. Did the coalition change any policies or rules of engagement in the latter months of the fight to make it easier launch air and artillery strikes?

    Our process for strikes has remained the same and is as stringent as it has always been. We do everything in our power to avoid civilian casualties while precisely and effectively killing the enemy. I can speak with some authority: There was no change in the rules or the very strict criteria required to release ordnance in this country. 

    The idea that we’ve loosened the ROE in order to more aggressively fight the enemy is not an accurate statement. There have been a couple of unfortunate incidents, but zero civilian casualties is our goal each and every day. We haven’t loosened that up in any way, shape or form. 

    We do everything in our power to avoid civilian casualties?

    Or do everything our power to avoid acknowledging civilian casualties?

    There's a difference.

    Patrick Cockburn (INDEPENDENT) reports:

    More than 40,000 civilians were killed in the devastating battle to retake Mosul from Isis, according to intelligence reports revealed exclusively to The Independent - a death toll far higher than previous estimates.

    Residents of the besieged city were killed by Iraqi ground forces attempting to force out militants, as well as by air strikes and Isis fighters, according to Kurdish intelligence services.

    Nehal Mostafa (IRAQI NEWS) reports:

    Three civilians were wounded in an IED blast northern Baghdad, a police source has said.
    “A bomb, placed on the side of the highway at al-Taji region, north of Baghdad, exploded on Friday leaving three civilians injured,” the source told AlSumaria News.

    “Security troops arrived at the accident spot and transferred the injured to a nearby hospital for treatment,” the source, who asked to be unnamed, added.

    We are closing with this,

    (248) 252-5973

    Green Party 2016 Presidential Candidate Campaigns For Green Wayne County Slate

    The Wayne County Green Party is set to host a fundraiser and meet-and-greet for a slate of local candidates for office. Each candidate has received the endorsement of the Wayne County Green Party and are hard at work on the campaign trail, speaking with voters, making appearances around the community and conducting issue-based workshops to help educate the public about some of the most pressing concerns of Wayne County residents.

    Set to be held at Bert’s Warehouse, 2727 Russell St, Detroit 48207, the event will get underway with a press conference with the slate of candidates at 5pm and will feature five Green Party-endorsed candidates including Ingrid LaFleur, who is a write-in candidate for Mayor of Detroit. “Detroiters must not be left out of the future of this city, “ LaFleur states. “I am fighting for the right to equal representation for all Detroit residents.” LaFleur faces several other candidates in the primary race for the seat, including incumbent Mayor Mike Duggan and State Senator Coleman Young II. LaFleur has been hosting a set of “Co-creation” workshops in the area to raise awareness about specific issues in the area including cryptocurrency and cannabis reform.

    The event will include the Green-favored choice for Detroit City Clerk, Attorney D. Etta Wilcoxon. Wilcoxon has zeroed in on the issue of election integrity, vowing as Clerk to “...fight for every vote to count.” Wilcoxon believes election integrity is a top issue. “The integrity of our elections is the key to democracy.” Wilcoxon explains.

    Also running on the Green slate are a trio of candidates for City Council, including At-large candidate Beverly Kindle-Walker, James Eberheart Jr., a write-in candidate in Detroit City Council District 1 and Joanna Underwood, who is running for the Detroit City Council seat in District 7. Kindle-Walker recently was quoted as saying, “As a public and civil servant, I am dedicated to Detroit. Together, we can bring accountability back to our city.” Eberheart belives in having a close relationship with fellow members of the community, stating, “I am a community organizer working in Detroit every day.” He looks to secure prosperity for the residents of the city, explaining, “Together, we can empower our youth and bring a renewed excitement and fortune to black businesses. For Underwood, recent foreclosures in the city are of serious concern. “I will work as hard as I can to save Detroit homeowners from foreclosures,” said the candidate. As councilwoman, Underwood would strive to make the city a safer place for residents, and plans to bring the entire community together in order to achieve such a goal. Underwood offers, “Join me in my quest to represent you on Detroit’s City Council. Together, we can make Detroit a safer place to live.”

    2016 Green Party Presidential candidate Dr. Jill Stein will join the event as a special guest at 7pm. Stein is slated to appear in Flint earlier in the day to speak with residents affected by the Flint Water crisis before travelling to Detroit for the fundraiser. “These candidates exemplify the future of Detroit politics,” Stein remarked. “We need to elect fresh faces to local government in Detroit who will portect residents from foreclosures and water shutoffs. These five candidates are leading the way toward a brighter future for the city and are deserving of strong support from Detroit voters. I look forward to standing in support of these fine candidates Friday night in the Motor City.

    FYI: Press conference with the slate of Detroit candidates begins at 5:30pm sharp at Bert’s Warehouse, 2727 Russell St, Detroit 48207. For further information, please contact WCGP Chairperson Jennifer Kurland at (248) 252-5973

    The following community sites -- plus PACIFICA EVENING NEWS -- updated:

    Pemuda Amanah mahu MB Kelantan disiasat berkait jualan token cryptocurrency

    Satu laporan polis dibuat oleh ketua pemuda Amanah Kelantan, Hazmi Hassan supaya hubungan kerajaan dengan syarikat yang mengutip wang dengan menjual token cryptocurrency disiasat.

    "Saya dengan ini memohon dengan agar disiasat hubungan antara Climate Protectors Sdn. Bhd. dan Ecobit serta kerajaan Kelantan kerana mengikut carian rasmi yang saya buat pemilik Ecobit adalah individu yang sama dengan salah seorang ahli lembaga pengarah Climate Protectors.

    "Aktiviti keduanya secara jelas merujuk kepada kelulusan satu juta ekar yang berkenaan di dalam mempromosikan perniagaan cryptocurrency Ecobit yang tiada kelulusan Bank Negara Malaysia (BNM)," kata Hazmi dalam laporannya.

    Menurutnya dalam perjanjian pada 9 Januari awal tahun ini, pihak kerajaan negeri menyerahkan kepada Climate Protectors sejuta ekar hutan simpan (HSK) bagi tujuan yang didakwa sebagai program Carbon Climate Change.

    "Program ini di bawah inisiatif melindungi alam sekitar daripada pemusnahan hutan dan degradasi (REDD) melibatkan Pertubuhan Bangsa-Bangsa Bersatu yang pernah ditimbulkan dalam sidang Dun Kelantan pada Oktober 2016," katanya.

    Pada 17 Februari 2017 katanya, Kementerian Sumber Asli telah mengeluarkan kenyataan mengatakan bahawa perjanjian yang ditandatangani antara kerajaan Kelantan itu yang berhubung inisiatif (REDD) bercanggah dan tidak memenuhi syarat Konvensyen Rangka Kerja Pertubuhan Bangsa-Bangsa Bersatu mengenai perubahan iklim (UNFCCC).

    "Pada 23 Jun 2017 pula, BNM (Bank Negara Malaysia) menerusi laman webnya menyenaraikan Climate Protectors Sdn Bhd. dan sekutunya Ecobit sebagai beroperasi tanpa kelulusan BNM.

    "Semua ini tidak dihiraukan Menteri Besar Kelantan kerana dalam satu majlis sambutan hari raya pada 26 Jun sekali lagi diumumkan penglibatan kerajaan negeri dalam projek tersebut," katanya.

    Menurutnya lagi pihak PBB melalui agensinya United Nation Development program (UNDP) pula pada 5 Julai 2017 menafikan penglibatan PBB dalam projek berkenaan.

    "Saya secara peribadi telah pergi mencari syarikat berkenaan berdasarkan alamat berdaftar syarikat berkenaan akan tetapi tiada pejabat syarikat berkenaan di alamat yang telah didaftarkan tersebut," katanya.

    Menurut Hazmi, bermula 9 April tahun ini, Ecobit mula menggunakan kelulusan sejuta ekar HSK itu dengan mengutip wang orang ramai dengan menjual token atau apa yang didakwa cryptocurrency yang kemudiannya disahkan tidak mendapat kelulusan BNM.

    Lebih 30 pemuda Pakatan Harapan turut mengiringi Hazmi untuk menyatakan solidariti bersama beliau ketika membuat laporan itu di Ibu pejabat polis daerah Kota Bharu semaam. -MD

    Skandal projek karbon sejuta ekar hutan Kelantan:
    Pemuda Amanah gesa jawab segera

    Pemuda Amanah Kelantan menggesa kerajaan negeri itu mengemukakan penjelasan segera berhubung skandal Carbon Credit yang melibatkan penyerahan hampir sejuta ekar tanah hutan selama 30 tahun kepada Syarikat Climate Protector Sdn Bhd.

    Ketuanya, Hazmi Hassan mempersoalkan pihak yang memperoleh keuntungan RM17 juta dalam perdagangan karbon itu yang tidak diiktiraf oleh Kementerian Sumber Asli dan Alam Sekitar.

    Menurutnya, sebanyak RM17 juta wang hasil pelaburan awam telah dikaut atas tujuan saham pelaburan tersebut dengan bersandarkan perjanjian antara syarikat itu dengan kerajaan Kelantan walaupun carbon credit bukan bahan komoditi.

    "Ke mana wang itu pergi? Apakah kerajaan Kelantan sudah 'diperdagangkan' oleh syarikat tersebut bagi mengaburi mata orang awam dalam urusan pelaburan yang tidak diiktiraf ini?

    "Kerajaan Kelantan wajib menjawab segera, apakah yang berlaku sebenarnya, jangan cuba berdolak dalih kerana ini melibatkan aset negeri seluas hampir satu juta ekar tanah hutan dan jualan saham awam mencecah RM17 juta," tegasnya dalam satu kenyataan hari ini.

    Lebih mengejutkan, jelas beliau, Bank Negara Malaysia telah menyenarai hitamkan syarikat Climate Protector Sdn Bhd apabila disyaki terbabit dalam skim penipuan matawang maya (Crypto Currency) melalui penggunaan EcoBit.

    "Sekaligus menimbulkan kebimbangan, apakah kerajaan Kelantan bakal menjadi mangsa dalam skim penipuan matawang maya ini, apabila terlibat dalam perdagangan karbon yang diuruskan oleh syarikat tersebut," ujarnya.

    Mengulas reaksi seorang pimpinan Pas berhubung skandal tersebut, Hazmi menganggap kenyataan individu berkenaan bukan atas kapasiti kepimpinan kerajaan negeri.

    "Sehingga hari ini, tiada sebarang kenyataan dikeluarkan daripada mana-mana pimpinan kerajaan Kelantan, seolah-olah tidak kisah untuk bersekongkol dengan penjenayah kolar putih ini, walaupun sudah diberi amaran baik dari pihak kementerian mahupun pihak Bank Negara Malaysia," katanya.

    Sehubungan itu, Pemuda Amanah Kelantan, tegas beliau, menolak sekeras-kerasnya sebarang kerjasama antara kerajaan Kelantan dengan penjenayah kolar putih terbabit apatah lagi apabila melibatkan kepentingan awam iaitu tanah hutan negeri Kelantan seluas hampir satu juta ekar.

    "Sekiranya kerajaan Kelantan masih bersikap membisu dalam hal ini, kami Pemuda Amanah Kelantan akan memobilisasikan himpunan amarah rakyat secara besar-besaran di hadapan SUK Kelantan, sehingga semua pihak yang terlibat dalam hal ini menjawab dengan segera," tegasnya.

    Menurut Hazmi, skandal tersebut melibatkan maruah negeri dan rakyat Kelantan serta bakal mencemari rekod bersih pentadbiran kerajaan seperti ditunjukkan Almarhum Tuan Guru Nik Abdul Aziz yang memisahkan sebarang urusan kerajaan dari unsur gharar dan riba.

    "Apakah kerajaan Kelantan sudah menjadi Penjenayah Kopiah Putih apabila bekerjasama dengan penjenayah kolar putih ini sehingga sanggup 'mencagarkan' aset negeri Kelantan kepada sebuah syarikat yang telah disenarai hitam oleh BNM ini?" soalnya lagi.



    Jika di peringkat kerajaan pusat, masalah yang dihadapi ialah kleptokrasi, tetapi di peringkat negeri khususnya Kelantan wujud pula skandal cryptocurrency.

    Ia dikaitkan dengan seorang yang dikenali sebagai "Jho Low versi Kelantan", melibatkan Climate Protectors Sdn. Bhd. dan Ecobit yang urusniaga mereka tidak mendapat kelulusan Bank Negara Melaysia dan Kementerian Sumber Asli sepertimana yang didedahkan oleh YB Dato Husam Musa sebelum ini.

    Anehnya sekalipun Kerajaan Kelantan sudah menegetahui syarikat-syarikat berkenaan menjalankan perniagaan tanpa kebenaran dan kelulusan pihak berwajib, namun ia tidak dihiraukan oleh Menteri Besar Kelantan kerana dalam satu majlis sambutan hari raya pada 26 Jun sekali lagi diumumkan penglibatan kerajaan negeri dalam projek tersebut.

    Ia menjelaskan mengenai pentadbiran Kerajaan Kelantan samada mereka begitu naif mengenai perniagaan yang dijalankan oleh kedua-dua syarikat berkenaan ataupun kerana Kerajaan Kelantan turut serta di dalam urusniaga berkenaan.

    Skandal ini seperti satu replika skandal 1MDB dimana berlaku rompakan wang rakyat yang mengikut laporan RM17 juta wang hasil pelaburan awam telah dikaut atas tujuan saham pelaburan tersebut dengan bersandarkan perjanjian antara syarikat itu dengan kerajaan Kelantan walaupun carbon credit bukan bahan komoditi.


    Saya amat memerlukan sumbangan tuan-puan untuk mendapat sebuah laptop berkuasa tinggi (i7) bagi kerja-kerja mengemaskinikan blog ini. 

    Laptop GB yang ada kini sudah begitu lama dan tidak lagi dapat menampung kerja-kerja berat seperti pengeditan video, grafik dan live streaming. Ia mudah panas dan padam tiba-tiba menyebabkan pengemaskinian blog pun jadi tergendala. 

    Justeru itu, GB dengan rendah hati merayu sumbangan dari tuan-tuan dan puan-puan untuk menghulurkan sumbangan bagi membantu GB mendapatkan sebuah laptop i7 yang baharu (jenama MSI atau ASUS) dengan cool-iced technology. Sumbangan boleh dilakukan ke akaun pemegang amanah tabung Kelab Greenboc seperti tertera di bawah ini:

    Akaun Maybank: 104058248904

    Maklumkan semua sumbangan sdra kepada email: greenboc@gmail.com

    Semuga Allah membalas jasa baik tuan-puan dengan ganjaran berlipat ganda.

    p/s Iklan ini akan dipadam apabila sumbangan telah mencukupi.


              While Bitcoin is On the Rise, Is it Time For Your Nonprofit to Adapt?        

    Bitcoin and other cryptocurrencies are gaining favor as an alternative means of exchange.

    The post While Bitcoin is On the Rise, Is it Time For Your Nonprofit to Adapt? appeared first on Non Profit News For Nonprofit Organizations | Nonprofit Quarterly.

              EE380 Computer Systems Colloquium        

    "Computers are unreliable and vulnerable to attacks. Therefore, we shouldn't believe what they say, unless they prove its correctness." Imagine how much more robust our systems and networks would be, if they could be built on this tenet! But how can we succinctly prove that some complex computation was not corrupted, and actually produced the correct output? Can this be done efficiently? And how would such proofs be used and propagated in a larger system?

    In recent years, there has been dramatic progress in the theory and implementation of cryptographic proof systems with the requisite properties: zero-knowledge Noninteractive ARguments of Knowledge (zkSNARK) and its extension to Proof-Carrying Data.

    We will survey this progress, and discuss several applications:

    • Ensuring the integrity of any logic circuit, or any C programs 
    • Zerocash: Preserving users' privacy in Bitcoin-like cryptocurrencies 
    • ProtoProof: Verifying the authenticity of edited photographs

    Includes joint work with Eli Ben-Sasson, Alessandro Chiesa, Christina Garman, Daniel Genkin, Matthew Green, Ian Miers, Assa Naveh, Gilad Roth and Madars Virza.


    The Stanford EE Computer Systems Colloquium (EE380) meets on Wednesdays 4:30-5:45 throughout the academic year. Talks are given before a live audience in Room B03 in the basement of the Gates Computer Science Building on the Stanford Campus. The live talks (and the videos hosted at Stanford and on YouTube) are open to the public.

              How not to make millions predicting cryptocurrency prices with social media sentiment scores        

    Sometimes hobbies can teach you basic survival skills.  In a world where machines are likely to replace many of today’s jobs, I figured that rolling up my sleeves and jumping into deep learning during my recent summer vacation would be both fun and useful.  In any case, I find it helpful to understand the work that I will eventually need to manage in my career.  As a passion and hobby blog, here are my musings into machine learning/deep learning.

    I started with a business problem that I wanted to solve.  I’ve always been curious about cryptocurrencies and hypothesized that the market could be more open than the traditional stock market: a prime opportunity for data to help predict prices.  Moreover, investment firms have long hired the best mathematicians and computer scientists to model trade data.  With only a few days to dedicate to this project, I knew I wasn’t going to come up with anything too groundbreaking.  As an avid Redditor, I often wonder:  What if the information contained in reddit comments could serve as features to predict cryptocurrency prices like bitcoin, litecoin, ethereum, etc.?

    First off, I delved into the Machine Learning for Trading course by Georgia Tech delivered through Udacity.   I really love MOOCs and wish they existed back when I was in HS and university.  This MOOC was very informative and the programming language used, Python, is my second favourite (after Groovy).  The concepts from stock market trading decisions from probabilistic machine learning approaches translate well to cryptocurrency trading decisions.  I also decided to use pythonanywhere.com as my cloud IDE.  It’s a cheap, clean and efficient dev environment and with great technical support.

    Next, I needed data and lots of it!  This was definitely the most challenging step.  Getting cryptocurrency time series data that is highly granular and for free, took quite a bit of googling.  I eventually settled on writing a little script to access the API from cryptocompare.com.  Using python Pandas, I was able to save dataframe data into cvs files.  Now for the social media information, I used the popular PRAW Python Reddit API Wrapper to pull the top 25 comments from the top 25 posts of the top 25 subreddits.  I saved the upvote score into a table and used TextBlob to get the sentiment score of the comment itself.  This would be the basis of my main feature to help predict the currency prices.  On a side note, I also looked at using the Watson API from IBM’s Bluemix.  It provided a lot more information on the emotions found in the reddit comments. The API call limitations meant that there would be a cost associated with obtaining the sentiment for each of the 1000s of Reddit comments. Needless to say, my decision to use TextBlob was a no-brainer.

    With the reddit comments data and associated sentiment scores, I created a time series table (dataframe) that lined up the comment time to the price time.  A little googling and stackoverflow later, I had my data ready for analysis.

    Now the fun part could begin.  Using Google’s Open Source TensorFlow library, I created a neural net model that took the inputs from some of the cryptocurrency prices and sentiment scores with the output of the price of a single cryptocurrency.  Luckily, the fine folks that created Keras made it very easy to create neural net models from data.  Keras truly lowers the barrier of entry into deep learning.  Combined with Dr. Jason Brownlee’s tutorials, anyone with basic programming experience can start experimenting with deep learning.

    Unfortunately, I didn’t make millions (of course) with my predictive model.  My hypothesis that the “internet’s” sentiment of positivity vs. negativity, derived from reddit comments, was a predictor of bitcoin, litecoin or ethereum prices was not supported by the models generated by my data. I did learn firm hand that data are really king and predictive algorithms are a dime a dozen. Eventually, I remembered to leave my home office to enjoy the warm summer weather!  Maybe next year, I’ll try and get higher quality data with a more granular analysis of emotions from social media combined with longer time series.  Or, you never know, a machine may be writing my next blog article...

              Bitcoin’s Long-Running Civil War End On The Sight        

    Cryptocurrencies tell no tales any more, they are real and they are here to stay. It has not been always like that, though, just a year ago, only a few specialist and market underdogs knew …

    The post Bitcoin’s Long-Running Civil War End On The Sight appeared first on Intelligent Head Quarters.

              How To Get Started Investing in Cryptocurrency        

    How To Get Started Investing in Cryptocurrency With Bitcoin climbing in price to USD every day more and more people are thinking about Cryptocurrencies, it’s used, and its possible downfall. This opens up questions such …

    The post How To Get Started Investing in Cryptocurrency appeared first on Intelligent Head Quarters.

              ICOs and Blockchain Token Funding        

    Blockchain technology, the technology which led the revolution in the development of cryptocurrencies such as Bitcoin, is now showing potential in other domains of the financial industry. Initial Coin Offerings (ICOs) has become a popular …

    The post ICOs and Blockchain Token Funding appeared first on Intelligent Head Quarters.

              Adopting Blockchain to expand Financial Inclusion        

    Since its introduction to the world, the cryptocurrency Bitcoin and its underlying blockchain technology has given new meaning to the word money. The blockchain technology has shown itself to be capable of more than just …

    The post Adopting Blockchain to expand Financial Inclusion appeared first on Intelligent Head Quarters.

              Bitcoin Economy Strengthening in Latin America        

    Latin American countries are embracing the popular cryptocurrency Bitcoin like never before, in order to …

    The post Bitcoin Economy Strengthening in Latin America appeared first on Nearshore Americas.

              Bitcoin vs. The Federal Reserve – Andreas Antonopoulos and Stefan Molyneux        

    Bitcoin vs. The Federal Reserve – Andreas Antonopoulos and Stefan Molyneux Stefan Molyneux and Andreas Antonopoulos discuss the fall of Mt. Gox, the greatly exaggerated [...]

    The post Bitcoin vs. The Federal Reserve – Andreas Antonopoulos and Stefan Molyneux appeared first on FreeBTC Blog - News About Bitcoin.

              Wall Street’s Cryptocurrency Headquarters: Inside Bitcoin Center NYC        

    Wall Street’s Cryptocurrency Headquarters: Inside Bitcoin Center NYC “I was in college, and now instead of going to college I’m doing Bitcoin,” says Louis Parker, [...]

    The post Wall Street’s Cryptocurrency Headquarters: Inside Bitcoin Center NYC appeared first on FreeBTC Blog - News About Bitcoin.

              The Declaration Of Bitcoin Independence        

    The Declaration Of Bitcoin Independence When we say Bitcoin, we mean the idea: the birth of cryptocurrency. We know it’s not perfect. But we’re not [...]

    The post The Declaration Of Bitcoin Independence appeared first on FreeBTC Blog - News About Bitcoin.

              Cryptocurrency – Implementation and Implications        

    Cryptocurrency – Implementation and Implications Bitcoin has generated a lot of both negative and positive buzz, but it’s important to differentiate between the different aspects [...]

    The post Cryptocurrency – Implementation and Implications appeared first on FreeBTC Blog - News About Bitcoin.

              Gold, Bitcoin, and The Coming Currency Crisis        

    Gold, Bitcoin, and The Coming Currency Crisis Gold and Bitcoin may become increasingly sought after, and precious metals / cryptocurrencies in general might become coveted, [...]

    The post Gold, Bitcoin, and The Coming Currency Crisis appeared first on FreeBTC Blog - News About Bitcoin.

              Bitcoin vs. Political Power: The Cryptocurrency Revolution – Stefan Molyneux at TNW Conference        

    Bitcoin vs. Political Power: The Cryptocurrencies’ Revolution – Stefan Molyneux at TNW Conference Historically, politicians have always fought for the power to create money out [...]

    The post Bitcoin vs. Political Power: The Cryptocurrency Revolution – Stefan Molyneux at TNW Conference appeared first on FreeBTC Blog - News About Bitcoin.

              Bitcoin Steals Power from Banks and Gangsters        

    Bitcoin Steals Power from Banks and Gangsters Digital currency Bitcoin is gaining popularity around the globe as people become more and more dissatisfied with the [...]

    The post Bitcoin Steals Power from Banks and Gangsters appeared first on FreeBTC Blog - News About Bitcoin.

              Ripple – The Future of Payments        

    Global payments systems is built on pre-Internet, outdated rails. The invention of bitcoin and cryptocurrency marked a pivotal moment in history, as it laid the [...]

    The post Ripple – The Future of Payments appeared first on FreeBTC Blog - News About Bitcoin.

              The Hidden Dangers of Bitcoin        

    The Hidden Dangers of Bitcoin Bitcoin is a revolutionary decentralized architecture, which can be used for an untold number of incredibly valuable services – including [...]

    The post The Hidden Dangers of Bitcoin appeared first on FreeBTC Blog - News About Bitcoin.

              NEW BITCOIN SONG PUMP ; HODL ANIMATED MUSIC VIDEO 2017 (Crypto Rap)        

    BITCOIN CHAINCOIN Song Pump ; Hodl Animated Video by Master CryptoSkrilla Coming Soon Crypto Info News you can use to help you step your game up. Send Bitcoin Donations: 12iWmM1VbQjuBSMvwadsCuxKKyS1VPtV9 Send Ethereum Donations da3bf4b560e198bbfe8a7b3f85de25250e59f62434ca0bf322a07e4df46bf220 https://bitconnect.co/?ref=masterhenry If you already Own Bitcoin, or would like to learn how to own crypto currency and make daily interest on it, no joke, Then read on. - Earn daily interest of an average of .9% (30 day average) How much does your savings make daily? - Be your own bank! - It only takes $100 to get started. - More opportunities to use your crypto to make more return. - Full trading platform - Referral bonus program - Plus more... - Free to join website, loaded with Bitcoin information if you'd like to know more. - I'll even give you CASH back to do it. That's right, 3% on your first investment, and you start earning interest right away. - Just use the link below. Sign up. Check it out. You will be surprised. https://bitconnect.co/?ref=masterhenry I think this is one of the best opportunities, ground floor with the currency revolution. Any questions, please email: cryptoskrilla@gmail.com Yobit: Buy ; Trade Cryptos https://yobit.io/?bonus=jVkFuyxZ Cryptopia: Buy ; Trade Cryptos https://www.cryptopia.co.nz/Register?referrer=henrymaster PAXFUL: Buy Bitcoin https://paxful.com/roots/buy-bitcoin?affiliate=W24QWenqYKa Id: W24QWenqYKa Check out Crypto Blood He Solid as a rock https://youtu.be/gEFJMylC1RU

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    Added by: johngeltkn
    Tags:  cryptocurrency
    Date: 2017-08-09

              Cryptocurrency Mining Rigs For Sale in Singapore        

    http://www.cryptocurrencyminingrigs.info/ Profit From Cryptocurrency Mining! Cryptocurrency Mining Rigs for sale, produced here in Singapore with 3 years warranty. Lots of buzz around cryptocurrency. Whether the price goes up or down, it's best to get in early into the new 'digital goldrush' 3-5 days delivery to anywhere in Singapore, and we'll set up the software and optimize the mining rig for you based on your preferred alt coin to mine. GTX 1060 or GTX 1070 GPU available. [Purchase online] http://www.cryptocurrencyminingrigs.info/ Tech specs: Rig #1 = $3,500 SGD ⭐⭐⭐ 3x GPU NVIDIA GeForce GTX 1060 6 GB GDDR5 Intel processor 3.5GHz CPU 120GB SSD 4GB RAM Hashrate = 75 MH/s (USD$300-350 per month mining profit based on ETH) Rig #2 = $5,000 SGD ⭐⭐⭐⭐⭐⭐ 6x GPU NVIDIA GeForce GTX 1060, 6 GB GDDR5 Intel processor 3.5GHz CPU 120GB SSD 4GB RAM Hashrate = 150 MH/s (USD$600-700 per month mining profit based on ETH) Frequently Asked Questions 1. We underclock the mining rigs by 50% so that the power consumption (watts) is reduced by 50% - but this does not reduce the effectiveness of the GPU and mining. That's the service we provide for all our customers. Electricity cost per month for each standard mining rig: GTX 1060 GPU rig = SG$30/month 2. we also edit the mining software to mine the most profitable coins, so it's flexible based on your requirements. Each mining rig can mine 2 coins at once. Currently its set up to mine Ethereum and Siacoins.** Call now +65 9488 8669. *** Email: support@cryptocurrencyminingrigs.info For viewing of the mining rigs, please call us in advance to arrange for viewing. +65 9488 8669. http://www.cryptocurrencyminingrigs.info/

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    Added by: johngeltkn
    Tags:  cryptocurrency
    Date: 2017-08-09

              The Future Of Innovation: Five Things We Can Learn From Bitcoin        
    The past several years have seen bitcoin and other cryptocurriences become a multibillion dollar ecosystem, attracting hundreds of startup companies and over $100 million in venture capital investments. Cryptocurrencies are undoubtedtly innovative in the context of payments. But they also provide some broader lessons with relevance far beyond the financial world. [...]
              Secure Bitcoin Storage: A Q&A With Three Bitcoin Company CEOs        
    One of the most interesting aspects of the bitcoin story has been the evolving set of solutions for securely storing bitcoins. It’s an issue that combines the classic tradeoffs between security and convenience with all the dynamism of the rapidly changing cryptocurrency landscape. To help shed some light on where things [...]
    I know that some of you guys must invest in cryptocurrency, and if you do, please e-mail me if you don't mind answering a few questions. Thanks.
              Best GPUs for Cryptocurrency Mining – Guide to ZCash, Ether Mining (2017)        

    Cryptocurrency mining is one of the hottest topics around at this time, and it’s easy to see why: with the prices of all the important cryptocurrencies going up and reaching all-time highs, it is now more profitable than ever to get into the mining business and start earning. Getting started with cryptocurrency mining is not […]

    The post Best GPUs for Cryptocurrency Mining – Guide to ZCash, Ether Mining (2017) appeared first on GPUnerd.

              Ethereum Is Coding’s New Wild West        
    “How can Ethereum be a cryptocurrency and a computer at the same time? Instead of running on a laptop or a server, it runs on thousands of individual computers at once, all kept in sync with blockchain technology. In its simplest form, a blockchain is an ordered list of items
              One Coin to settle them all?        
    One Coin to settle them all? November 3, 2016/ Deepak Bharadwaz Hardcore cryptocurrency promoters strongly believe that decentralized cryptocurrency will slowly overtake the established financial system. However, the core of the Bitcoin innovation, Blockchain technology, has gained ready acceptance on Wall Street. Owing to its numerous applications, major banks are moving in on Blockchain to harvest its applications. One of […]
              Blockchain Copyright Symposium        

    Blockchain technology seems to be all the rage nowadays. In simple terms, blockchain enables parties who do not know or trust each other to maintain a common set of records without the need for a trusted third party intermediary. Bitcoin, the first major successful cryptocurrency, uses blockchain to keep track of the supply and flow...

    The post Blockchain Copyright Symposium appeared first on Kluwer Copyright Blog.

              Veritaseum: The ICO That's Ushering in the Era of P2P Capital Markets        

    Veritaseum is in the process of building peer-to-peer capital markets that enable financial and value market participants to deal directly with each other on a counterparty risk-free basis in lieu of going through middlemen, intermediaries and authoritative 3rd parties.

    We are holding an ICO (a cryptographic offering) for our Veritas tokens: the sole means of accessing the vehicles for the P2P economic markets.

    Here is an overview of the ICO details. The online Veritas presentation deck is rich with descriptions and links to other documentation and instructions on participating should you want to dig in deeper.


    Executive Summary

    • Veritaseum is to be considered a gateway, or onramp to the P2P economy, akin to how a browser is used to access the World Wide Web, or a Bitcoin or Ethereum wallet is used to access those distributed ledger platforms.

    • Veritaseum’s wallet uses a layman friendly interface to build, distribute, read and execute smart contracts.

    • The Veritaseum wallet interacts with Bitcoin and (soon) Ethereum blockhains and oracles to conditionally store and transfer value.

    • Veritaseum’s primary competition will initially  be the sell side Wall Street status quo. Its aim is two-fold:

      • o provide autonomous asset management and investment vehicles (DAOs) at near zero profit margin, drawing assets from the more traditional players and then selling information, data and advisory services on top of it;

      • Enable self-service P2P smart contract transactions over-the-counter, that mimic the transactional services of the legacy players, at considerably lower cost and without balance sheet exposures, credit risks or counterparty risks.

        • This near zero margin model will be replicated as a platform across the entire FIRE sector (finance, insurance and real estate), and then to sharing economy models (ie. Uber, AirBbB).

    • Veritas launched a long-running beta of its OTC value trading platform in 2013 and claims to not only be the first publicly viable P2P capital markets implementation of smart contracts technology but to to be the first to file for patent protection of the same.

    • Management pulled the Wallet from public access soon after the CFTC announced their regulation of bitcoin out of concerns of a requirement to register as an SEF (swap execution facility). Management’s goal is to be, and to remain, solely a software, software data services and advisory provider - and explicitly not a financial concern.

    • Veritaseum is moving to the Ethereum blockchain, while still retaining exposure to the Bitcoin token, in order to broaden its smart contract capabilities.

    Product: What is Veritaseum Providing and How?

    Veritaseum provides direct access to smart contract construction, execution and related products the non-technical individual. This direct access facilitates access to what Veritaseum management has coined the “Peer-to-Peer capital markets” - essentially an ever growing pool of users who transact value directly with each other instead of through intermediaries and middlemen, ie. Wall Street banks and brokerages. Veritaseum sees highly customizable and programmatic, direct, P2P transactions as the future of capital markets.

    In addition, with the advent of low cost networking and geogrpahically aware computing power (smart phones), blockchain tech and smart contracts, the concept of transferrable value is easily expanded past real and financial assets to privacy, labor, data and a cornucopia of things none of us have through of yet.

    All assets are stored client side, fully encrypted and are always in the complete control of the client (i.e., you, the individual user). Veritaseum doesn’t even store encrypted copies on its servers. Even in the event of a password compromise, bad actors must also locate the assets to access them. Something that is much easier to do on a centralized server (e.g., JP Morgan or Citibank) than a fully distributed system.

    With Veritaseum, one can literally tweet an entire trade, or click a Friend on Facebook to take the other side of a short Goldman long Facebook trade, or transfer BTC linked to the price of gold through a text message. All without having to trust who’s on the other side! This level of friction free finance leads to the inevitable…

    Pathogenic Finance - the Rise of Viral Financial Transactions

    In the legacy financial world, in order to open a bank account, you have to present various forms of ID, go through multiple levels of KYC/AML, and wait a few days for funds to clear. In order to open a brokerage account, you have to fill out forms, answer questionnaires, meet minimum account balances and wait up to 3 days for funds to clear and 10 to 20 business days for assets to be transferred from account to account. All this is done to essentially remand control, custody, possession, and ownership of your funds and assets to a centralized hosted wallet (bank or brokerage) with oodles of balance sheet exposure to other centralized hosted wallets (banks, brokerages and exchanges). In return, you are given a promise not to plunder. With Veritaseum, you can create multiple accounts in under 60 seconds. You can start trading and transacting with others almost immediately, and in all cases no less than 60 minutes provided you have bitcoin on hand.

    This ability to do practically everything your bank and brokerage offers through your browser (for dramatically less money) on practically any web-connected device with a modern browser, practically anywhere, with almost anyone, and without having to trust them inevitably leads to a massive proliferation of transactions. This proliferation will spread exponentially, not linearly, as more and more people realize they have been essentially freed from the “Matrix”.

    ·       This is what AT&T was afraid of in 1915, causing them to miss out on roughly 7 billion “new” customer accounts, and potentially controlling the telecommunications space.

    ·       This is what AOL was afraid of in the mid to late ‘90s, causing them to go from the Internet access market leader to an “also ran” in the space.

    ·       This is what the banks and financial industry are fighting against now, likely to have no more success than their historical compatriots in other industries.

    This growth and proliferation in peer-to-peer transactions, is truly viral. The outbreak will not be media or telecomm this time around, but the very meaning, application, and use of money and value itself! This is the dawn of “Pathogenic Finance”!

    What is the Disruption of the Normal Physiology of the Legacy Finance Mechanism?

    Autonomy vs. Heteronomy

    A pathogen is an infectious agent that disrupts the normal physiology of an organism. In this case, the disease is a new cultural meme. Pathogenic finance is a concept discovered and coined by Reggie Middleton, Disruptor-in-Chief at Veritaseum. Veritaseum acts as a virion (infectious virus particle) for carrying new pathogenic cultural memes, ideas, and practices of finance that can be transmitted from one mind to another through writing, speech, rituals, or media. Regardless of what the meme is transmitted through, it is transmitted by… Veritaseum. It is analogous to a virus in that it self-replicates, mutates, and respond to selective pressures on organisms to evolve (i.e., changes in habitat, weather, food availability and type, etc.). Veritaseum, like its biological counterpart, can infect multiple forms found throughout multiple ecosystems. Viruses are the most abundant type of biological entity. Being that Veritaseum now lives as a web page, it can live and multiply anywhere there’s an Internet connection and modern browser. Any geographic location, any device, any user. All it takes is a single Tweet, text, email, or drag and drop to get Veritaseum value transactions to spread and multiply.

    Why is the Veritas token needed?

    The Veritas token will act as the key and only gateway to access the contracts that build the P2P capital marktes. The Veritas token is easily programmed (by the non-technical user) to take on the market exposure attributes of nearly any other financial or  real asset or commodit that has a generaly accepted and accessoble data feed and/or price discovery. As such, Veritas also acts as the fuel to run the P2P capital market’s engines.

    The Veritas ICO will be capped, guaranteeing the scarcity of Veritas, Negotiations are being made to have Veritas accepted off blockchain by legacy institutions.

    The New Age, 21st Century Gold Rush: The Grab for Intellectual Property Rights in Smart Contract and Blockchain Technologies

    First things, first – let’s quantify the sum of money that is in question. Veritaseum’s platform deals in value transfer. That is not the same as securities, banking or even Wall Street industry. It is literally the exchange of things that are worth something. It is literally the largest potential market in existence. This is a page taken from our crowdfunding information deck.

    Addressible market Putting this into perspective, that.s $16.35 of value for every basis point of market penetration. Five basis points of real penetration across markets will dramatically increase the demand and scarcity of Veritas.

    Veritaseum doesn’t have to take over marktes, it simply has to ensure relaible usage in a very small subsection of markets.

    JP Morgan, Bank of America, Goldman Sachs and IBM are just a sampling of the some of the largest, most powerful and most influential companies that have rushed to file patents in this potentially unprecedented arena of profit. From a financial, technological and value perspective, it is literally the second coming of the Internet.
    The smart(er) money appears to have started filing financially focused cryptocurrency-related patent applications in the 1st and 2nd quarter of 2014.

    For more information:

    See our crowdsale presentation:

    Download the Pathogenic Finance report and view the video.

    Come back to Veritaseum.com at the open of NY financial markets (9:30 am, EST sharp) on April 25th, 2017 to purchase your Veritas, and own your keys to the P2P Capital Markets.

              Why the Winelvoss Bitcoin ETF Was Rejected and How to Create a Regulated Vehicle That Passes Muster        

     The Winkelvoss ETF application was rejected by the SEC, and bitcoin dropped about 20% in price. I repetitively warned those that followed me that a very low risk buying opportunity will present itself should the SEC deny the ETF application. Like clockwork, instant 30% profit opp. If you were monitoring hte prices and bought in after prices started rising (almost immediately) the buy returned over $250/coin (~30%) for anyone who took my advice.

    ETF SEC buy the dip 

    I'm considering putting together an institutional digital asset (bitcoin and blockchain related assets) investment vehicle. The SEC has clearly delineated what they felt were the deficinecies wee in the Winkelvoss application, to wit:

    • Several commenters note that the majority of bitcoin trading occurs on exchanges outside the United States. One commenter claims that most daily trading volume is conducted on poorly capitalized, unregulated exchanges located outside the United States and that these non-U.S. exchanges and their practices significantly influence the price discovery process. Another commenter states that the biggest and most-influential bitcoin exchange is located outside U.S. jurisdiction.

    To my knowledge, the bitcoin exchanges abroad aren't heavily capitalized, but the amount of capitalization needed should be minimal if the exchange is structured properly. Here''s a snapshot of the global bitcoin exchange landscape. Most of the exchange trading is done in USD but the exchanges are domiciled outside of the US (likley due to onerous SEC regulatory requirements). Be aware that I believe most of the institutional trading (in aggregate) is done OTC, and in the US.

    IMG 20170312 204739

    • One commenter states that, since 2013, the price of bitcoin has been defined mostly by the major Chinese exchanges, whose volumes dwarf those of exchanges outside China. According to the commenter, those exchanges are not regulated or audited, and are suspected of engaging in unethical practices like front-running, wash trades, and trading with insufficient funds. The commenter interprets pricing data from these Chinese exchanges to mean that the price of bitcoin is defined entirely by speculation, without any ties to fundamentals.32 Another commenter also observes that Chinese markets drive much of the volume in the bitcoin markets and that the bitcoin/Chinese Yuan (BTC/CNY) quote is apt to trade at a significant premium to the bitcoin/U.S. dollar (BTC/USD) quote. The commenter points out that large arbitrage opportunities would not exist for long in efficient markets, but they do persist in bitcoin markets. One commenter claims that a sizeable number of traders and owners of bitcoin do not desire to trade in a well-regulated environment for reasons including tax evasion, evading capital controls, and money laundering. This commenter also states that U.S. exchanges do not offer products such as fee-free trading, margin trading, or options, which drive traffic to the top nonU.S. exchanges. The commenter claims that, because trade is now sparse on regulated U.S. exchanges including Gemini, arbitrage will not occur efficiently or proportionally to mitigate.manipulation from the dominant unregulated bitcoin exchanges. This commenter also claims that several Chinese exchanges actively engage in bitcoin mining operations, creating a conflict of interest, and notes that these exchanges are unaudited and unaccountable.34 Another commenter also claims that the Chinese exchanges that account for the bulk of trading are subject to little regulatory oversight and that existing know-your-customer or identity-verification measures are lax and can be easily bypassed

    This is no longer the case. The PBOC (Chinese Central Bank) has cracked down signficantly on Chinese bitcoin exchanges, ending fee free trading, unregulated margin lending and enforcing AML/KYC procedures. Reference:

    1. Chinese Bitcoin Exchanges Suspend Client Withdrawals. I Warned You About Heteronomous Wallets!
    2. Will Japan's Declaration of Bitcoin as Legal Tender Accelerate Cryptocurrency Mainstream Adoption?
    3. Revisiting the Breakdown of the Macro Drivers Behind Bitcoin's Price Spike, Exactly As I Foretold 30 Day Ago
    4. China's Central Bank Eliminates Margin Trading of Bitcoin
    5. The Macro Truth About The Big Bitcoin Pop and Drop: The Mainstream Media Doesn't Have A Clue

    The result is a signficant drop in bitcoin trading volume in China, passing the crown first to Japan (who just passed heavy bitcoin regulation, while declaring it legal tender) and then to the US - in direct contravention to said commenter's claim. Take note that once the free trading was halted and central bank regulation took hold, trading volumes in China collapsed in line with the ROW.


    bitcoin trading volume

    •  One commenter states that the market for bitcoin, by trade volume, is very shallow. This commenter notes that the majority of bitcoin is hoarded by a few owners or is out of circulation. The commenter also notes that ownership concentration is high, with 50 percent of bitcoin in the hands of fewer than 1,000 people, and that this high ownership concentration creates greater market liquidity risk, as large blocks of bitcoin are difficult to sell in a timely and market efficient manner. This commenter claims that daily trade volume is only a small fraction of total bitcoin mined. 36 This commenter also states that several fundamental flaws make bitcoin a dangerous asset class to force into an exchange traded structure, including shallow trade volume, extreme hoarding, low liquidity, hyper price volatility, a global web of unregulated bucket-shop exchanges, high bankruptcy risk, and oversized exposure to trading in countries where there is no regulatory oversight.37 This commenter believes that lack of regulation and consumer protection also increase the chance and incentives for market price manipulation and states that approving the ETP before structural protections and controls are firmly in place would put investors at undue risk.

     This was actually countered by the authors of the ETF application, to wit:

    The Exchange, in its comment letter, asserts that bitcoin is resistant to manipulation, arguing that the increasing strength and resilience of the global bitcoin marketplace serve to reduce the likelihood of price manipulation and that arbitrage opportunities across globally diverse marketplaces allow market participants to ensure approximately equivalent pricing worldwide.39 The Exchange further asserts, in its comment letter, that the Commodity Futures Trading Commission (“CFTC”) has designated bitcoin as a commodity and is “broadly responsible for the integrity” of U.S. bitcoin spot markets.40 The Exchange acknowledges that the CFTC has not yet brought any enforcement actions based on the anti-manipulation provisions of the Commodity Exchange Act, but notes that the CFTC has issued orders against U.S. and non-U.S. bitcoin exchanges for engaging in other activity prohibited by the Commodity Exchange Act. The Exchange’s comment letter states that a regulatory framework for providing oversight and deterring market manipulation therefore currently exists in the U.S.41

    Another response went as follows:

    ...Bitcoin is relatively uncorrelated with other assets, enabling investors to construct more efficient portfolios,43 and that, as a general matter, the underlying market for bitcoin is inherently resistant to manipulation.44 The author of the paper posits that the underlying bitcoin market is not susceptible to manipulation because (a) there is no inside information related to earnings, revenue, corporate actions, or new sources of supply; (b) the asset is not subject to the dissemination of false or misleading information; (c) each bitcoin market is an independent entity, so that a demand for liquidity does not necessarily propagate across other exchanges; (d) a substantial over-the-counter (“OTC”) market provides additional liquidity and absorption of shocks; (e) there is no market-close pricing event to manipulate; (f) the market is not subject to “spoofing” or other high-frequency-trading tactics; (g) order books on exchanges worldwide are publicly visible and available through APIs (application program interfaces); and (h) it is unlikely that any one person could obtain a dominant market share.45 The author also asserts that listing the shares on a national securities exchange and a shift from OTC trading to trading on exchanges would make the overall bitcoin market more transparent.

     There were also public comments deriding the Gemini exchange, directly. While I don't, personally, care for the Gemini exchange, some of the issues taken with it were impractical. For instance:

    • One commenter states that the Gemini Exchange Auction could be an improvement over other bitcoin pricing mechanisms, but asserts that the auction has not improved volume. The commenter claims that the Gemini Exchange has the lowest liquidity of the three exchanges in the United States and is one of the least-liquid of all exchanges that trade bitcoin for U.S. dollars.56 The commenter observes that the auction data show that traders in the auction are taking advantage of the discounted auction price. The commenter notes that the daily two-sided auction process was designed to maximize price discovery and reduce price volatility that could be the result of momentum pricing, but asks what measures have been put in place to address traders who take advantage of the discounted auction price. The commenter also notes that while other financial products sometimes have auctions to determine price, an auction on a stock exchange does not require money to be deposited in advance with the exchange to be in the auction. The commenter notes that, by contrast, the Gemini Exchange requires dollars or bitcoin to be deposited before participation. The commenter believes that this is a problem because the Gemini auction is limited and “warped” and has failed on at least two occasions.

    Listen, no market is perfectly efficient, and early markets are likely to be particularly inefficient. That's one of the main reasons to introduce an ETF, to inject liquidity and efficiency. Even the largest and most efficient market in the world has trade failures, as has been noted by Bloomberg:Failed Trades in 10-Year Treasury Soar as Note Stays `Special':

    The shortage of benchmark 10-year Treasury notes in the market for borrowing and lending U.S. government debt has become so pronounced that uncompleted trades are soaring. Such trades, known as fails, surged into the billions of dollars in recent days for the newest 10-year note, and may have been in the range of $6 billion to $12 billion, according to Treasury market participants familiar with the matter who requested anonymity because the figures aren’t public. While uncompleted trades occur daily, sometimes because of computer glitches, it’s unusual for the level to be so high. There were $132 million in failures for all 10-year Treasuries in the week ended Feb. 24, the latest data from the Federal Reserve Bank of New York show.

     I can go deeper into the SEC declination analysis for insitutional subscribers who may be interested in creating or partipating in an institutional vehicle to access bitcoin exposure. Let me know.

              Bitcoin Is Reaching the Point of No Return - Buy Side Should Take Note        

    IMG 20170308 092804

    Many bitcoin aficionados are waiting with baited breath as the SEC is to announce by this Friday whether they will approve the first registered bitcoin ETF. This is not the make or break event that many think it is, though. As a matter of fact, if the ETF is denied and the bitcoin drops, I'll consider it an opportunity.

    European Bitcoin Acceptance

    An ETF will allow institutions to flood into Bitcoin through registered vehicles. Whether the SEC approves the Winkelvoss twins ETF is besides the point, institutions interest is already sparked and the money will come in anyway. Btstamp, one of the world's largest bitcoin exchanges, is partnering with one of the largest French banks, Crédit Agricole, to facilitate bitcoin acceptance at investment funds. According to Coindesk:

    ...launch a new service aimed to allow bitcoin to be accepted by investment funds.

    For its side of the deal, CACEIS, the asset servicing branch of the bank, will provide services covering clearing, depositary and custody of bitcoin bought in through the exchange.

    The goal of the partnership is to increase capital inflows to new investment funds by providing an alternative funding method in the form of the digital currency. Fund promoters, working with CACEIS as a transfer agent, can start accepting bitcoin for fund subscriptions as soon as Q2 2017, the firms indicated.

    Bitstamp CEO, Nejc Kodrič, sees the partnership as a foothold for bitcoin to be used for mainstream, legitimate investment opportunities,