Re: Bitcoin news

mlawson71 wrote:
Tue Dec 18, 2018 1:16 am
The Autorité des marchés financiers (AMF) warned the public against 30 crypto trading websites, among which is those of Bitcoinoie. The regulator stated that these websites provide unauthorized online investment services in cryptocurrency derivatives in France.

Bitcoinoie is a CFD broker, focused on the crypto market. Unlike crypto-exchanges for which still there aren’t formal regulations in many jurisdictions, CFD providers have to be licensed as financial services providers in most countries, including in France and on a European level.

Here is the complete list of websites blacklisted by the AMF.
Good article brother thank you for this post :thumbup:
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Bitcoin: Reclaims mount 4k but for this breakout, $4,200 is the line in the sand

Bitcoin: Reclaims mount 4k but for this breakout, $4,200 is the line in the sand

  • BTC rallies in first sign of the cup and handle rally.
  • Needs to cross past $4,200 for any sustainable breakout.

Bitcoin, the poster boy of crypto world, is giving signs of breakiing out of the cup and handle pattern formation as mentioned by this author in Saturday's article (read here). Condition - crossing past the critical $4,200 mark.

BTC/USD is up about six cents of a percent and just above pyschologically important mark of $4,000, trading in just about one percent range for the day. Low volatility and lower volume is a sign of weekend trading but for any meaningful breakout, volumes need to rise, which may not come through given that we're in a holiday season.

If Bitcoin bulls are indeed able to take it past the breakout point, then next immediate key resistance is at $4,250 - 50 days exponential moving average and then all the way towards the target zone of $5,200.

BTC/USD 180-minute chart:
BTC_USD_180_Dec 23-636811367346810987.png

Source: https://www.fxstreet.com/cryptocurrenci ... 1812230443
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BTC Price Makes Another Run At $4,000

mlawson71 wrote:
Sun Dec 30, 2018 1:47 am
It's consolidating around $4,000 but I doubt it will rally further by the end of the year.
Yes agreed. False hope for Bitcoin bulls I think but we'll see how it goes.

BTC Price Makes Another Run At $4,000 While S&P 500 And Dow Start A Downturn


The entire crypto market but especially Bitcoin made a bold leap towards new highs after getting rid of the massive sell-off pressure and in the latest bitcoin news, we can see that S&P 500, Dow Jones Industrial Average and others started declining.

Bitcoin has been hovering near the $3,600 level during the day after it slipped below $3,567 just last night. However, just a few moments ago the BTC price spiked by more than $200 and took the number one cryptocurrency to $3,861 in just a few seconds.

Other cryptocurrencies mimicked the motions that Bitcoin did and Ripple, in particular, grew to $0.365. Ethereum also increased to $127 so now the entire crypto market is targeting the $128.4 billion level which is an increase by $8 billion or 6.7 percent.

As with any rally that happens on the market, the reasons behind this one are also not entirely clear. However, bitcoin futures expire today on CME so it is possible that one of the many factors could be this one since volatility often shows up after the expiration of crypto futures contracts.

While the crypto market is not entirely related to traditional equities, the Bitcoin price movement upwards happened at the same time as the stock market began going south.

Both S&P 500 and Dow record notable drops in the past couple of hours which clearly means they erased all the pre-market gains. At press time, Dow is down by 0.37 percent and S&P 500 is down by 0.28 percent. Nasdaq also showed a 0.42 percent drop.

Source: https://www.dcforecasts.com/btc-price-m ... -downturn/
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Bitcoin Fraudsters Use NZ’s Former PM in Endorsement

Bitcoin Fraudsters Use NZ’s Former PM John Key in Endorsement


John Key, former New Zealand Prime Minister, is the latest in a line of notable individuals involved, albeit unknowingly, in a cryptocurrency scam. Bitcoin fraudsters are using the image of John Key promoting a Bitcoin scam. According to a report in Stuff.co.nz, the ad was designed for a company known as Crypto Revolt.

So far, the scammers are using images of popular TVNZ presenter Hayley Holt and New Zealand’s Prime Minister Jacinda Arden to defraud unsuspecting investors.

The Fraudsters’ Promoting Scheme
The ad, see below, resembled a business news page from New Zealand-based website Stuff, and it purports to conduct an interview with Key on his enthusiasm for the cryptocurrency. However, the website’s logo was replaced with the words NZ Times, which were positioned at the top, and all associated links redirected to Crypto Revolt’s site.


The website promoting John Key as a bitcoin endorser. Screengrab by Stuff.co.nz

Crypto Revolt is Targeting Other Prominent New Zealand Celebrities

A related news article scam was reported back in September 2018. The scam used a false report of New Zealand Breakfast show hosts Hayley Holt and Jack Tame profiting from the service. It included screenshots of Holt and Tame, claiming Holt had made investments in Bitcoin live on air.

"Within three minutes, she had successfully increased her initial funds to $483.18. That’s a $233.18 profit,"

the fake article noted.

Holt eventually came out to deny any reports that she made investments in Bitcoin, calling the report a scam.

Bomb Threats Demanding Bitcoin

Towards the end of 2018, the country was on high alert when reports surfaced about a bomb threat where the criminals threatened to detonate an explosive device in the recipient’s office if their demand for a ransom in Bitcoin wasn’t met. The computer emergency response of the New Zealand government, CERT NZ, said they were aware of the threatening emails, advising New Zealanders not to reply the email or send the bitcoin payment.

New Zealand was particularly hit with numerous crypto-related scams during the crypto boom of 2017. The country’s police force has warned the public about these scams, encouraging potential crypto investors to seek proper counsel before making investments in Bitcoin investment platforms.

The increasing number of online Bitcoin scams has also drawn the attention of Netsafe, a non-profit online safety organization based in New Zealand. A spokeswoman for the organization said,

"We advise not to put any money into scheme unless you’ve done it through a registered broker or read the FMA advice regarding investments."

Source: https://www.ccn.com/bitcoin-fraudsters- ... dorsement/
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Cricket SA hacked, sells bitcoin lottery

Cricket South Africa account hacked, sells bitcoin lottery

World cricket body ICC acknowledged the account has been compromised and asked the users not to engage with the Twitter handle until it has been fixed and erroneous tweets deleted.

South Africa cricket team handle was compromised on Monday morning IST. (Source: AP)

The official Twitter account of South African cricket board (OfficialCSA) was compromised overnight resulting in multiple tweets trying to sell bitcoin lottery. It all began at 4.20 AM IST on Monday with the tweet stating, “@OfficialCSA is partnering with @lunomoney for the fist South African Bitcoin Lottery. Simply send 0,01 BTC to 13My18T92DCzGdrtiCgRuS32T6rFLjnG56 and your BTC Wallet Address will be entered into a BTC Lottery for 20BTC (That’s Over R1Mil). Lottery closes at 15 Jan @ 10PM.” with two more tweets around the topic. The compromised nature and spam tweets continued in the morning with two more post 9 AM in the Indian time zone.

The issue seemed to have been resolved at 11.23 AM IST when Cricket South Africa tweeted, “And… we’re back! Apologies to all our Twitter followers who were affected by the hack overnight. We are back in control & ready to bring you what promises to be an even more eventful Day 4 of Test cricket. Thank you to our friends at the @ICC for your assistance this morning.”

World cricket body ICC had acknowledged the account was compromised and asked the users not to engage with the Twitter handle until fixed and erroneous tweets deleted. “Please be aware that the @OfficialCSA Twitter account has been compromised. Our friends in South Africa are working hard to resolve the situation quickly. Please do not click on any links or engage with the account until such time as this is rectified,” wrote ICC in the tweet. Meanwhile, Alistair Hogg, Digital Content Manager at ICC, also shared that they reached out to the social media service to sort out the issue. He wrote in reply to a user, “Their account was compromised overnight. We are working with Twitter to sort it out.”

First instance of spammed tweet came at 4.20 AM IST.
The spam tweets continued a few hours later.

On the field of play, South African cricket team will take the field in Johannesburg on Monday against Pakistan in the third Test. Pakistan go into the fourth day’s play needing 228 runs to win while Proteas need 7 wickets to inflict the clean sweep. South Africa had won the opening two Tests of the three-match series.

Source: https://indianexpress.com/article/sport ... d-5537067/
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Re: Bitcoin news

Gate.io, a US based crypto exchange with a daily trading volume of $94 million, said it has lost over 40 000 Ethereum Classic worth over 220 000 USD after a hacker attack on January 7th.
It is assumed that it was a “51%” attack, in which a user or a group seizes the control of the majority of mining power to monopolize control over the network. A successful “51%” attack will allow hackers to rewrite the transaction history of the block chain and double spend coins for fiat currency.

Such kind of attacks are typical for block chains that use a proof-of-work (PoW) algorithm.

“It happened between 0:40 Jan.7, 2019 and Jan 4:20 Jan.7, 2019 UTC for about 4 hours. All the transactions were confirmed normally on the ETC blockchain and became invalid after the blockchain rollback”, Gate.io announced.

Bitcoin: "I lost about $3million last year"

'I lost about $3million last year': How a Bitcoin investor who once sold tennis star Nick Kyrgios cryptocurrency lost a FORTUNE when the price crashed - but says you can still get rich by following one simple step

  • Sam Karagiozis, 27, was a self-made millionaire who struck it rich through Bitcoin
  • In late 2017 one Bitcoin was worth AUD$25,000 - it now sits around AUD$5,000
  • When the price of Bitcoin crashed last year Mr Karagiozis lost close to $3million
  • The entrepreneur sold cryptocurrency to tennis star Nick Kyrgios and his brother
  • Mr Karagiozis has a portfolio in excess of $10million across property and Bitcoin

A leading Bitcoin investor who introduced cryptocurrency ATMs across Australia has admitted losing more than $3 million when the price plummeted last year.

Sam Karagiozis left school at 15 to work full-time at McDonald's, with a dream of one day running his own business empire.

By his early 20s he had amassed a multi-million dollar property portfolio, before the Canberra-based entrepreneur made the brave decision to invest in cryptocurrency.

When the price of a single Bitcoin peaked at more than AUD$25,000 in late-2017, Mr Karagiozis and many other early investors were all too happy to tell of their success.

But despite his initial profits Mr Karagiozis, 27, told Daily Mail Australia how he lost a fortune when the buzz around cryptocurrency dropped off and the price went into free fall.


'Financially, this year I'm probably starting off about $5 million worse,' Karagiozis told Daily Mail Australia.

'Cryptocurrency would have accounted for about $3 million of that loss and property the other $2 million.'

At the height of his success with cryptocurrency Mr Karagiozis was driving a Bentley with the numberplates 'MRBTC'.

He also made friends with tennis superstar Nick Kyrgios and older brother Christos, and admitted selling them 'quite a bit' of Bitcoin, before sitting in Nick's players box at the Australian Open.

In an interview in early 2018 Mr Karagiozis predicted the price of Bitcoin would reach $100,000 by year's end.

On December 31, 2018, the price of the popular cryptocurrency sat at AUD$5223.28.

Looking back the self-made millionaire admits not only did he jump the gun, but says the buzz around Bitcoin may have also seen it jumped too high, too quickly.

'I feel like Bitcoin may have risen a bit faster than it was meant to,' Mr Karagiozis said.

'But also last year we saw global share markets decline and even looking at property makerts in Australia, they dropped too.


'In terms of Bitcoin, with all the media attention you saw the price skyrocket and then the early investors who had made all this profit took their money and cashed out.

'As the early investors started cashing out, the people who got in later got frightened and you saw the price just plummet because there was a real lack of confidence.'

If the collapse of Bitcoin wasn't bad enough for Mr Karagiozis, it was followed by big struggles with the launch of his own cryptocurrency - 'Auscoin'.

Mr Karagiozis and the company's other investors hoped to raise $30 million from the initial coin offering (ICO) of Auscoin, but fell a long way short.

'We raised just shy of $2 million, so just over 5 per cent of our initial goal - the rollout didn't work out as we hoped,' he admitted.

'But we currently have 31 Auscoin ATMs in Australia... and our turnover is $500,000 a week, which is just insane considering how much the price of Bitcoin has dropped.

'It just shows there really is a market for it and cryptocurrency is seen as a way of the future for many.'

Having been left red faced with his prediction that Bitcoin would reach $100,000, Mr Karagiozis admits his estimates for cryptocurrency in 2019 are a bit more subdued.

He believes that while the days of becoming an overnight 'Bitcoin millionaire' are gone, there is still ways to make a handsome profit from cryptocurrency.

'I think it will be more of a recovery phrase, sitting in between $5,000 and $8,000 for much of the year,' Mr Karagiozis said.

'I think we will see some gains but I think it will be a lot more consistent, so for those who have sat back and watched it drop from $20,000 it's an awesome opportunity.

'People now that are into crypto aren't going in blindly and hoping to get rich, they're learning about it, reading charts and trying to build their portfolio and develop skills.

'It may have lost some of its buzz but I'm bullish long term in Bitcoin, I still believe in it like I did last year - I just don't think there will be many more overnight millionaires.'

Bitcoin is a digital currency, known as cryptocurrency, which began in 2009 and which was initially worth just a few cents.

In late-2017 it peaked at more than AUD$25,000, before dropping steadily in 2018. Currently, the price of a single Bitcoin sits at just AUD$5,000.

Thousands of amateur traders are now betting huge amounts, while start-up companies use bitcoin to raise money and avoid the transparency needed in a stock market float.

But experts fear the currency has become a vast speculative bubble detached from reality.

Watchdogs across the world have warned there could be a sudden massive crash if the market turns, losing investors billions of dollars.

Economist Nouriel Roubini, who predicted the global financial crisis (GFC), is one who has called cryptocurrency a 'giant speculative bubble' bound to end in disaster.

Cryptocurrency investors claim the price will boom again, potentially as high as USD$50,000 or AUD$100,000.

Bitcoins are generated by using an open-source computer program to solve complex math problems. This process is known as 'mining'.

Each Bitcoin has a unique fingerprint and is defined by a public address and a private key. Owners of bitcoin do not own a physical coin, but instead a string of numbers and letters that give it a specific identity.

Other types of coins are available online including Ethereum, LiteCoin, Neo and Monero — these non-bitcoin cryptocurrencies are often called altcoins.

Source: https://www.dailymail.co.uk/news/articl ... ashed.html
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Re: Bitcoin news

The Dutch central bank – the De Nederlandsche Bank (DNB) and the Netherlands Authority for the Financial Markets (AFM) ave jointly proposed licensing requirements for all crypto exchanges operating on Dutch soil.

The proposal follows a request by the Dutch finance ministry, which asked AMF and DNB to develop steps to regulate the crypto market in an attempt to combat money laundering practices and the financing of terrorist activities.

The regulations will require all crypto exchanges and e-wallet providers to monitor, collect, and store customers’ transactions data on their platform and to report any suspicious activity to the authorities.

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