Enforcement Agencies May Bring Bitcoin Exchanges Under Analysis

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Bitcoin platforms and exchanges might quickly come under the scanner of enforcement companies after the Indian government likened them to ‘Ponzi plans ‘recently. Based on a LiveMint report, the bitcoin exchanges are set to be examined for any attempts of unlawful money-pooling.” The Securities and Exchange Board of India(Sebi)can also take an action versus such exchanges if they are working as collective investment plans, “the report added.Just recently the Indian government released a declaration which mentioned that the VCs do not have any intrinsic worth and are not backed by any kind of possessions . The cost of Bitcoin and other VCs, therefore, is totally a matter of simple speculation leading to spurt and volatility in their prices.Emphasising the threat and illegality involved in Bitcoin trading, the finance department said in a recent declaration,” Customers have to look out and extremely careful as to avoid getting caught in such Ponzi plans. VCs are saved in the digital/electronic format, making them susceptible to hacking, loss of password, malware attack and so on which might likewise lead to permanent loss of money. As transactions of VCs are secured they are likewise likely being used to perform illegal/subversive activities, such as terror-funding, smuggling, …

Why is South Korea suddenly terrified of bitcoin?

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Bitcoin has actually been hailed as the best technological innovation of our time, yet it appears South Korea, one of the most technologically innovative societies, is now not just quiting its function as a leader in the field but strongly battling the trend.Some observers suggest the government has many reasons to hesitate of, not the least of which is the cryptocurrency’s potential to be utilized by Kim Jong-un’s North Korea as a covert financial weapon. But leaders indicate other issues as well.South Korea’s Ministry of Justice said on Thursday the nation is thinking about shutting down all regional cryptocurrency exchanges, an announcement that sent shockwaves through the market worldwide. Earlier this week, stock in the internet service provider Pareteum more than doubled after it said it would provide blockchain support services, Bloomberg reported, but fell 25 per cent after Seoul’s comments.Hong Nam-ki, the minister for government policy coordination, called Korea’s interest in cryptocurrencies”irregular”, echoing the contempt of Prime Minister Lee Nak-yeon, who last month warned that cryptocurrencies could corrupt Korean youth and cause “social pathological phenomena “.< img title=" Hong Nam-ki, minister for federal government policy coordination, announces a new policy that would ban opening a confidential cryptocurrency account. Picture: ...

GOAL Listed TechFinancials Plans Blockchain Based Diamond Exchange with Cedex Purchase

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AIM Listed TechFinancials Plans Blockchain Based Diamond Exchange with Cedex Purchase TechFinancials (< a href=http://www.londonstockexchange.com/exchange/prices-and-markets/stocks/summary/company-summary/VGG870911077GBGBXASQ1.html target=_ blank rel=noopener > GOAL: TECH), a technology provider to trading brokers, has actually gotten in into a share purchase contract (SPA) with Cedex Holdings. According to the announcement, the MEDSPA seeks TechFinancials making an equity investment of $200,000 with a post money appraisal of $10 million. This represents 2% of Cedex present capital. Additionally, TechFinancials has the choice to buy up to 90% more of the compaany at an exercise price of US $40,000 with an expiry date of 3 years from the date of grant, providing it a potential maximum holding of 92%. TechFinancials strategies to introduce a blockchain based online exchange for diamonds using Cedex technology.Asaf Lahav, CEO of TechFinancials, discussed the share purchase; “Following the dividend pay-out announcement on 21 December 2017, we continue to focus our attention on supporting the most lucrative parts of our organisation and in establishing new products and technologies, in particular, the new, rapidly growing blockchain-based products and technologies market, to accelerate our efforts in structure presence in these brand-new areas.” In the previous month, the share cost of TechFinancials has actually increased dramatically. At the …

Why Bitcoin Is The Biggest Ponzi Scheme In Human History

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During the late ’90s, Silicon Valley venture capitalists and New York City investment bankers used phrases such as “monetizing eyeballs,” “stickiness,” and “B2C” to justify the ridiculous valuations of Internet companies. They claimed conventional methods were inapplicable in valuing the dot-com companies — which had no revenue — because we were entering an entirely new economy. Believing these people, and afraid to miss out on the gold rush, small-time investors, grandma and grandpa, and barbers and taxi drivers invested their life savings in companies such as Pets.com, Webvan, and eToys. The bubble burst and they lost everything. Through a transfer of wealth in the billions of dollars from Main Street to Wall Street, VCs, unscrupulous CEOs, and bankers had effectively enriched themselves at the expense of hundreds of thousands of ordinary investors, leaving them to despair about their futures. History Is Repeating Itself Now With Bitcoin This time, it isn’t just Main Street U.S.A. that is about to lose its shirt; it is also the developing world. Technology has made it possible for hypesters in Silicon Valley, China, and New York City to fleece anyone, anywhere, who has a bank account and an Internet connection. The story that Bitcoin victims …

As Rates Dip, Bitcoin’s Market Supremacy Slips To New Low– and the Market is Better for It

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The post As Prices Dip, Bitcoin’s Market Dominance Slips Towards New Low–and the Market is Better for It appeared first on CCN It’s dipping season, folks.  Well, it was dipping season.  Yesterday, assets all across the cryptocurrency market were getting hammered, and the ubiquitous price dent had 89 out of Coin Market Cap’s top 100 turning red at the time of our first draft’s initial coverage. During this latest dip, Bitcoin went sub $13k.  As of press The post As Prices Dip, Bitcoin’s Market Dominance Slips Towards New Low–and the Market is Better for It appeared first on CCN Read more –> click here all content is copyright CryptoCoinsNews. Need Bitcoin marketing and PR? Bitcoin PR Buzz has been proudly serving the PR and marketing needs of Bitcoin and digital currency tech start-ups for over 2 years. Get your own professional Bitcoin or cryptocurrency press release CLICK HERE. Powered by ABITCO.IN Read More