8 Countries Stricken With Rampant Inflation See Bitcoin ...

Removed comments/submissions for /u/durad_a

Hi durad_a, you're not shadowbanned, but 31 of your most recent 64 comments/submissions were removed (either automatically or by human moderators).

Comments:

fmkrld2 in dashpay on 06 Apr 20 (1pts):
That’s why I trade on Naijacrypto,the zero trading fee
fhalkx6 in memes on 11 Feb 20 (1pts):
I see Billie Eilish!!!!!!!!!!!!!!!
fh26mvi in BitcoinBeginners on 09 Feb 20 (1pts):
NAIJACRYPTO
fh25f8n in CryptoCurrency on 09 Feb 20 (1pts):
10k again!!!!!!
fh257iu in BitcoinBeginners on 09 Feb 20 (1pts):
That totally depend on your location. Quite a number exchanges are beginner friendly but the questions is are they allowed to operate in your country.
fgjxqxb in CryptoCurrency on 04 Feb 20 (1pts):
The word above it says ATM , a bitcoin ATM is in the store. Good though!
fgjvz8y in Crypto_Currency_News on 04 Feb 20 (1pts):
Nice move!
fgjvfd1 in Bitcoin on 04 Feb 20 (1pts):
Something is wrong with YAHOO!!
fgf2uyd in Bitcoin on 03 Feb 20 (1pts):
Too much to take in and digest at ones.
ffzlm27 in Bitcoin on 30 Jan 20 (1pts):
Louder please!!! Some people can’t hear you at the back
ffzhxyc in memes on 30 Jan 20 (1pts):
No need I got Twitter 😄😄
ffzhu4l in memes on 30 Jan 20 (1pts):
Teacher : “in class” 2+y= 5 ,find y
Teacher : “Assignment” 2+y>x+xyz[xyzx]=20%xyz, find xyz
Me:
ffzhhch in memes on 30 Jan 20 (1pts):
They lied to us from the beginning!!
ffzhdrn in memes on 30 Jan 20 (1pts):
Can you get 6969 comments?
Let’s do it
ffzhcce in memes on 30 Jan 20 (1pts):
Coooooooooooooooooooooooool
ffzhb9z in memes on 30 Jan 20 (1pts):
Niiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii...
ffzh0ys in Bitcoin on 30 Jan 20 (1pts):
Lol
I keep watching this over and over again
ff8rpg4 in BitcoinBeginners on 22 Jan 20 (1pts):
That will depend on the country you are in presently. However try Naijacrypto.com You can trade with very low fee.
femh54w in Africa on 17 Jan 20 (1pts):
Others on the list include Pakistan, Syria, Libya etc . What’s the similarity between all of them ?
SECURITY. These countries lack security for its citizens. Here in Nigeria, different groups keep...
femguqz in Crypto_Currency_News on 17 Jan 20 (1pts):
I’m looking at another acquisition already. If this goes through, this is going to be Binance 5th acquisition
fegodui in Nigeria on 15 Jan 20 (2pts):
Means “Indigenous people of Biafra”
fegm7mv in BitcoinBeginners on 15 Jan 20 (1pts):
I will say Naijacrypto, it has zero deposit fees and zero trading fees. www.naijacrypto.com
fegazje in BitcoinBeginners on 15 Jan 20 (1pts):
With Zero trading fees I think www.naijacrypto.com is the platform
f3p5y9k in BitcoinBeginners on 14 Oct 19 (2pts):
Most of the good exchanges do not determine the prices. The users do. Users sell and buy at prices that favors them
f3p5lev in BitcoinBeginners on 14 Oct 19 (1pts):
You can sell to exchanges, I’ve being using [Naijacrypto ](naijacrypto.com) for a while now. Trading is always fast. They have quite a number of active traders and deposit is free
f0hx86n in Cryptocurrency_Daily on 16 Sep 19 (1pts):
What's your view on https://naijacrypto.com
f0hunw5 in ethtrader on 16 Sep 19 (0pts):
Lol, swallow more please!

Submissions:

ew322k in AskFeminists on 30 Jan 20 (1pts):
How can I be a feminist and not compete with my boyfriend?
ev3hso in BitcoinBeginners on 28 Jan 20 (1pts):
Bitcoin Halving, What’s your take on this event?
erddil in BitcoinBeginners on 20 Jan 20 (1pts):
How does Blockchain Hackathon work?
dho9wc in BitcoinBeginners on 14 Oct 19 (1pts):
Trading competition with free entry
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What is AMP?
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“When you use the Google AMP Viewer, Google and the publisher that made the AMP page may each collect data about you.”
The controversies with non-cached AMP pages
To be clear, the above flaws are only with AMP pages cached by Google (or another party like Bing or Cloudflare) but there are also plenty of pages simply utilizing the AMP framework, recognized by URLs such as bbc.com/news/amp/. However, these are also problematic, mainly because there's only a small performance improvement when AMP pages aren't cached and AMP pages tend to be less feature-rich and less diverse than their originals. And in some edge cases, it breaks stuff.
One could argue that the more popular the AMP framework becomes, the more AMP threatens the open web. That said, it should be clear that the biggest problem lies with the cached AMP pages.
AMP is open source, but that doesn't make it holy. Or as Ferdy Christant puts it quite nicely in his blog:
Google’s main defense is that AMP is open source. Which isn’t just a weak defense, it’s no defense at all. I can open source a plan for genocide. The term “open source” is meaningless if the thing that is open source is harmful.
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Crypto / Bitcoin / Mentorship ! -get professional advice and assistance in this wild west

Why Having a MENTOR in Crypto is Very Important
For the past couple of years I have been sharing the exorbitant costs of the elite cryptocurrency Palm Beach newsletter services with a few other people. But what started off as a simple share of the costs of these publications has actually turned into me being a teacher or counselor in the space to many who are completely new to the world of cryptocurrency.
A bit about me:
As someone who has been buying bitcoin since early 2014 I became the ipso facto ‘crypto expert’ among my friends and new newsletter shares. People came to me with all types of questions which I had taken for granted since I had long ago been through the learning curve required to make me highly proficient at navigating the complex waters of cryptocurrency.
It was at this time that I realized just how difficult crypto currency can be for most people. Many things I took for granted are not actually that simple. I’ve gotten questions all over the board over the years: “how do I buy bitcoin?” - or “How do I send it now that I have it”. “What’s a crypto wallet?” “what are the best exchanges to use?”, “what does ERC-20 mean?” …and on and on and on. I realized that things that I took for granted were actually very real concerns and struggles for people. So I became a teacher of sorts to those who needed help getting their footing established in the wild west of crypto, and instead of being someone who simply shared the costs of pricey publications I ended up being a mentor, an ally, and a friend to many of these people.
Here are a few things I’ve noticed over the years:
Most of the mistakes people make are done early on as they are trying to get set up. There are many traps out there to part you with your money. Fly by night exchanges…or even bogus exchanges, people promising you educational courses that turn out to be worthless drivel and many people online telling you which coins to buy hyping things so much because they want YOU to buy their bags - not to make you rich. I once had a friend google a crypto exchange customer service number. The number wasn’t real but a spoof website in a paid search result which connected her to a scammer who proceeded to steal her $8,000 worth of bitcoin in about 30 seconds. Poof! Gone!
What’s important when you are first new to crypto is to realize that everyone has an agenda and most of the time it’s not a mutually beneficial one. This is the wild wild west! You better have your wits about you, and be quick on the draw - otherwise you’ll blink and suddenly find yourself penniless.
But even good guys have an agenda. I know I do! But mine is more altruistic and designed to be “mutually beneficial”. See, I’m hoping to gain some of your trust to have a conversation so that you’ll allow me to be your ally and mentor in the space - giving me the chance to share both my knowledge and the publications you may already want. Like most value adding things in life it starts with a profit motive; capitalism at its purest. But the best business is also the business which helps solve problems. And that is what I am attempting to do here - to connect with a few people that I can add value and insights to and have your back in the wild wild west of cryptocurrency.
Swimming with Sharks or the Land of Milk and Honey?:
With that said cypto is full of some of the slimiest people on earth. Scammers and frauds in boiler rooms in India or Pakistan or China trying to take advantage of your naiveté. It is what it is. Welcome to crypto. But crypto is also the new land of opportunity- a land where you can stake a claim and strike gold, or watch oil just gushing out of the ground. So, yes it can be a wonderful place too! Some of the best people I know I’ve met through my cryptocurrency connections and projects I have become passionate about. Many of these are freedom loving people acutely aware that many things aren’t right in the world and many things need to be changed. We love profit combined with the ideological purity of what crypto is at its core, and usually find agreement in the fact that crypto offers many solutions to a world begging for a paradigm shift towards more honesty and integrity in a broken world full of corrupt systems and cronyism.
But where do you turn for the advice if you are an outsider looking into this fascinating new world and the possibilities that it presents? Do you go to youtube? Do you run to a computer and start googling bitcoin? Will your smart Uncle Joe be able to help you? Certainly, there is a lot of information you can glean our there on your own if you are industrious and persistent. But these are also shark infested waters, and as I said earlier - nearly everyone has an agenda. Usually, as a newbie in crypto you are the “mark” - or as poker players would say; “the fish” at the table. Everyone will welcome you to grab a seat and offer you a smoke… getting you extremely comfortable, before taking your money leaving you wondering what the hell just happened?!
Are you the Customer or “the mark”?
Sadly, many of the latest and greatest crypto publications have also gone the route of the hustler at the poker table. They get you to empty your pockets to enter into the game - and then later they hold you by your ankles and shake you until anything left comes spilling out onto the ground. It’s a brutal world for sure. How many of you are aware that the moment you sign up for Palm Beach (for one example) the next week or even day they will be hitting you up to sign up for yet another multi-thousand dollar subscription service with them or one of their partners like Bonner and Associates or Legacy Research Group? Don’t believe me? Sign up and find out!
To me this is greed at its highest and most perverse level. They claim to want to “help” you become one of the nouveau rich - and they charge a literally boat load of money for the information to do so. The information is very good even! But then just days later you will find out that your information is “incomplete” - and that what you really need to do is to buy this “other” publication which shows you a more nuanced (and shhhh, also secret formula ) to really getting those profits you crave sooner - only even much bigger profits this time - in another sector - oh by the way this will only cost you another $2,500 or $1,500. Really? Are they looking out for their customers or more interested in bleeding them out like pigs? I’d say clearly the latter.
Time for a more Holistic Approach:
For the reasons above I have committed myself to being a crypto mentor and friend in the space - but as a business. As a bonus to signing up with me as your friend and mentor in the space I’ll share with you the publications. This way you help me cover the costs and I help you get what you want; the pricey information. Only I do better by you - in offering you my hand in expertise and kinship and getting your cost greatly reduced at the same time. It’s a no brainer for you really.
Keep in mind I have ALL the Palm Beach publications you could want; (Palm Beach Confidential, Crypto Income Quarterly (the "Tech Royalty" programs), Palm Beach Trader, Alpha Edge, Palm Beach Quant ) and also the lesser known and unrelated Crypto Vigilante of Dollar Vigilante fame (a very underrated publication imo). And you get someone who understands crypto and the crypto markets at a fairly high level - someone with the 10,000+ hours put into the space since 2014 to make me not only highly proficient - but arguably a distinct “expert” in the field.
If you were going to get the $75 rib-eye - wouldn’t the same steak taste even better at $25 - $50 while also having 3 sides (and fancy drinks) included? Your choice. This is what I’m offering you.
I have a videos showing me in all my splendor (lol) and trying to communicate who I am, and what I can do for you. I am currently offering a few levels of memberships to my mentorship and expertise and the publications and info you want. So why not have a brief talk about it? Drop me a line in direct message here (not in the public thread below) - and I’ll get you over the full monty of details regarding signing up with me and getting immediate access to the publications and my brain. ; )
You can also email me at: [[email protected]](mailto:[email protected])
I’ll even send you that private video of me first so you can decide if I’m the type of person you might want to do business with. I look forward to hearing from you! Drop me that message and please leave a brief note of what exactly you might be interested in. Thanks!
Proverbs 15:22 - Without counsel purposes are disappointed: but in the multitude of counsellors they are established.
submitted by remotelyfun to u/remotelyfun [link] [comments]

Crypto / Bitcoin / Mentorship ! -get professional advice and assistance in this wild west

Why Having a MENTOR in Crypto is Very Important
For the past couple of years I have been sharing the exorbitant costs of the elite cryptocurrency Palm Beach newsletter services with a few other people. But what started off as a simple share of the costs of these publications has actually turned into me being a teacher or counselor in the space to many who are completely new to the world of cryptocurrency.
A bit about me:
As someone who has been buying bitcoin since early 2014 I became the ipso facto ‘crypto expert’ among my friends and new newsletter shares. People came to me with all types of questions which I had taken for granted since I had long ago been through the learning curve required to make me highly proficient at navigating the complex waters of cryptocurrency.
It was at this time that I realized just how difficult crypto currency can be for most people. Many things I took for granted are not actually that simple. I’ve gotten questions all over the board over the years: “how do I buy bitcoin?” - or “How do I send it now that I have it”. “What’s a crypto wallet?” “what are the best exchanges to use?”, “what does ERC-20 mean?” …and on and on and on. I realized that things that I took for granted were actually very real concerns and struggles for people. So I became a teacher of sorts to those who needed help getting their footing established in the wild west of crypto, and instead of being someone who simply shared the costs of pricey publications I ended up being a mentor, an ally, and a friend to many of these people.
Here are a few things I’ve noticed over the years:
Most of the mistakes people make are done early on as they are trying to get set up. There are many traps out there to part you with your money. Fly by night exchanges…or even bogus exchanges, people promising you educational courses that turn out to be worthless drivel and many people online telling you which coins to buy hyping things so much because they want YOU to buy their bags - not to make you rich. I once had a friend google a crypto exchange customer service number. The number wasn’t real but a spoof website in a paid search result which connected her to a scammer who proceeded to steal her $8,000 worth of bitcoin in about 30 seconds. Poof! Gone!
What’s important when you are first new to crypto is to realize that everyone has an agenda and most of the time it’s not a mutually beneficial one. This is the wild wild west! You better have your wits about you, and be quick on the draw - otherwise you’ll blink and suddenly find yourself penniless.
But even good guys have an agenda. I know I do! But mine is more altruistic and designed to be “mutually beneficial”. See, I’m hoping to gain some of your trust to have a conversation so that you’ll allow me to be your ally and mentor in the space - giving me the chance to share both my knowledge and the publications you may already want. Like most value adding things in life it starts with a profit motive; capitalism at its purest. But the best business is also the business which helps solve problems. And that is what I am attempting to do here - to connect with a few people that I can add value and insights to and have your back in the wild wild west of cryptocurrency.
Swimming with Sharks or the Land of Milk and Honey?:
With that said cypto is full of some of the slimiest people on earth. Scammers and frauds in boiler rooms in India or Pakistan or China trying to take advantage of your naiveté. It is what it is. Welcome to crypto. But crypto is also the new land of opportunity- a land where you can stake a claim and strike gold, or watch oil just gushing out of the ground. So, yes it can be a wonderful place too! Some of the best people I know I’ve met through my cryptocurrency connections and projects I have become passionate about. Many of these are freedom loving people acutely aware that many things aren’t right in the world and many things need to be changed. We love profit combined with the ideological purity of what crypto is at its core, and usually find agreement in the fact that crypto offers many solutions to a world begging for a paradigm shift towards more honesty and integrity in a broken world full of corrupt systems and cronyism.
But where do you turn for the advice if you are an outsider looking into this fascinating new world and the possibilities that it presents? Do you go to youtube? Do you run to a computer and start googling bitcoin? Will your smart Uncle Joe be able to help you? Certainly, there is a lot of information you can glean our there on your own if you are industrious and persistent. But these are also shark infested waters, and as I said earlier - nearly everyone has an agenda. Usually, as a newbie in crypto you are the “mark” - or as poker players would say; “the fish” at the table. Everyone will welcome you to grab a seat and offer you a smoke… getting you extremely comfortable, before taking your money leaving you wondering what the hell just happened?!
Are you the Customer or “the mark”?
Sadly, many of the latest and greatest crypto publications have also gone the route of the hustler at the poker table. They get you to empty your pockets to enter into the game - and then later they hold you by your ankles and shake you until anything left comes spilling out onto the ground. It’s a brutal world for sure. How many of you are aware that the moment you sign up for Palm Beach (for one example) the next week or even day they will be hitting you up to sign up for yet another multi-thousand dollar subscription service with them or one of their partners like Bonner and Associates or Legacy Research Group? Don’t believe me? Sign up and find out!
To me this is greed at its highest and most perverse level. They claim to want to “help” you become one of the nouveau rich - and they charge a literally boat load of money for the information to do so. The information is very good even! But then just days later you will find out that your information is “incomplete” - and that what you really need to do is to buy this “other” publication which shows you a more nuanced (and shhhh, also secret formula ) to really getting those profits you crave sooner - only even much bigger profits this time - in another sector - oh by the way this will only cost you another $2,500 or $1,500. Really? Are they looking out for their customers or more interested in bleeding them out like pigs? I’d say clearly the latter.
Time for a more Holistic Approach:
For the reasons above I have committed myself to being a crypto mentor and friend in the space - but as a business. As a bonus to signing up with me as your friend and mentor in the space I’ll share with you the publications. This way you help me cover the costs and I help you get what you want; the pricey information. Only I do better by you - in offering you my hand in expertise and kinship and getting your cost greatly reduced at the same time. It’s a no brainer for you really.
Keep in mind I have ALL the Palm Beach publications you could want; (Palm Beach Confidential, Crypto Income Quarterly (the "Tech Royalty" programs), Palm Beach Trader, Alpha Edge, Palm Beach Quant ) and also the lesser known and unrelated Crypto Vigilante of Dollar Vigilante fame (a very underrated publication imo). And you get someone who understands crypto and the crypto markets at a fairly high level - someone with the 10,000+ hours put into the space since 2014 to make me not only highly proficient - but arguably a distinct “expert” in the field.
If you were going to get the $75 rib-eye - wouldn’t the same steak taste even better at $25 - $50 while also having 3 sides (and fancy drinks) included? Your choice. This is what I’m offering you.
I have a videos showing me in all my splendor (lol) and trying to communicate who I am, and what I can do for you. I am currently offering a few levels of memberships to my mentorship and expertise and the publications and info you want. So why not have a brief talk about it? Drop me a line in direct message here (not in the public thread below) - and I’ll get you over the full monty of details regarding signing up with me and getting immediate access to the publications and my brain. ; )
You can also email me at: [[email protected]](mailto:[email protected])
I’ll even send you that private video of me first so you can decide if I’m the type of person you might want to do business with. I look forward to hearing from you! Drop me that message and please leave a brief note of what exactly you might be interested in. Thanks!
Proverbs 15:22 - Without counsel purposes are disappointed: but in the multitude of counsellors they are established.
submitted by remotelyfun to u/remotelyfun [link] [comments]

Online gambling legislation and regulation. Starting your own gambling product.

Online gambling legislation and regulation. Starting your own gambling product.

Mobile gambling
If you plan to develop an app with the ability to deposit and withdraw real money, then such a product automatically falls into the category of gambling and you will need to license your business for successful operation.
Mobile and Web Based Apps
So let’s talk about the different kinds of online gambling apps available on web and mobile. We’ll be covering both free-play gaming apps and real money casino app games you can find for iOS, Android devices and web browsers.
Mobile gambling is more common for poker, casino, bingo, and skill games. They have advantages in terms of a low barrier to enter the market, instant liquidity, product knowledge, and marketing expertise, minimal infrastructure costs, and the ability to bring a brand to the market quickly. Consequently, this form of gambling does not sit neatly with jurisdictional boundaries. Multiple gambling opportunities are available, including betting on various events and markets, in a relatively simple format. Gambling products can also be integrated into betting on television shows or virtual racing and sports games as well as offering lotteries, bingo, poker and casino games.
Most Popular Gambling Apps
Sports betting, casino, poker and lotteries are the most popular forms of online gambling. However, other forms are available too. These include the following: Bingo, slot machines, different card games, roulette and other game of chance. One of the best things about online gambling and betting apps is the number of choices you have.

Sports Betting

Betting means making or accepting a bet on the outcome of a race, competition, or other event or process, the likelihood of anything occurring or not occurring, or whether anything is or is not true. Today most sports betting is done via mobile-friendly sites and apps.
Today most sports betting is done via mobile-friendly sites and apps.
The introduction of live betting for sports like soccer and tennis means that bettors who are sitting inside stadiums watching games can now pick up their mobile devices and find real-time betting value with the best sports gambling apps. This has really unlocked a door to the future of sports gambling and the popularity of online gambling apps.

Poker

Many sites offer free poker, where no real money is wagered, although in some cases players can accumulate credits that can be exchanged for prizes. This is the case why people are going to play for real money. There is an ongoing debate over whether poker should be classified as a game of chance or skill. The parameters of legal poker playing are still unclear and differ between jurisdictions. Since you are not gambling with money, I’m pretty sure under the law it’s just a video game for now.

Blackjack

Blackjack is the game of choice to many high-rollers and do you know why? Because blackjack is a challenging, logic and skill-based game where your thinking, strategy, and calculations determine the outcome of the game.

Bingo

Bingo is one of the most popular and socially accepted games in the world. Bingo is a traditional form of gambling that has seen considerable innovation in recent years. It is also the only form of gambling recognized in the Gambling Act that does not have a specific statutory definition, the Act providing simply that “bingo” means “any version of that game, irrespective of by what name it is described”. Bingo must be played as an equal chance game. For game to be classed as “bingo” it must meet the Act’s definition of “equal chance gaming” (as opposed to casino gaming). Thus, it: must not involve playing or staking against a bank, and must be a game in which the chances are equally favorable to all participants in the sense that each ticket or chance has the same probability of success as any other.
Licensed bingo is a well-regulated and socially responsible form of gambling that takes place in a safe environment. Many sites offer multiple forms of bingo with different features, types of games, and costs of play. These sites often cater specifically for women and some research suggests that they may appeal to markets who would not typically engage in traditional forms of gambling.

Slots

Slot machine is one of the most beloved game among the gambling community and it has been a part of the industry for a long time. They provide fun and entertainment and their simplicity allows gamers to start playing at once. This can play out in different ways depending on the machine you’re playing. For instance, there’s Pick a Fortune, a five-reel, 20 line game that puts players right in the studio of a television game show, including the potential to play a Deal or No Deal-style bonus round. A super trend over the past few years is mobile-friendly slot games. These apps and websites were developed to enable players to enjoy their favorite games on their smartphones at any time. Another dominant slot trend is licensed branded slots that are based on popular movies, television, and musicians.
Virtual Money vs Real Money
Let’s find out the difference between social gambling and real money gambling, as well as the differences between gambling through apps and gambling through a web browser. It can be quite confusing trawling through all the casinos, slots, and lotteries available, both through your mobile web browser as well as through mobile app stores, in the form of downloadable apps.

Virtual money

The main difference between virtual money and real money gambling is that the in-game virtual currency in social games and gambling-type games is used only like credits that are not paid out as winnings or anything given to player in cash, making these games exempt from gambling regulations.
Virtual money is loaded on user game accounts via in-app purchases in mobile applications or the game balance funding from a card via web based applications.

Real money gambling

Real money gambling via your mobile device is only allowed in countries where laws have been passed that allow for this type of gambling online, or there are no laws in place that prevent it. The payment systems are the legal way of services payment in the gambling app, performing as the intermediary between the gambling facility and the client. With their help, users replenish deposits and withdraw funds to personal accounts in financial institutions. If the application uses the payment system of a well-known brand, that gives players additional confidence in the resource. Nowadays, there is a wide range of payment systems, some of which operate all over the world, other systems are oriented towards the citizens of one or several countries. A number of services accept money of different world currencies, while others allow currency transactions of one state only.
What is an Online Gambling Licensing
The internet has a global audience, there’s no single piece of legislation that covers the legality of online gambling for the entire world. Mobile gambling doesn’t typically accept customers from every single country in the world. It often focuses on certain specific regions.
Instead, most countries have their own local laws that deal with the relevant legal and regulatory issues.
Ultimately, questions of legality all go back to the location of the casino or where the website operates out of. In closed regulatory systems, such as Italy, France, and the Netherlands, licenses, and advertising rights are limited to domestic providers, which must be located within their country’s geographical boundaries and these are only permitted to offer some types of products. Some jurisdictions, for example, Norway, Sweden, and Canada legalize and regulate online gambling, but this is limited to a single site that is owned by the government. Under such an approach, the government becomes the operator and regulator and all revenues are returned to the government.
Remote gambling is generally permitted. That means that an operator that is licensed may provide gambling services to citizens in the country via all forms of remote communication (and using equipment that may be located in the country or abroad). Equally, a remote operator may be licensed to offer gambling services to citizens in any jurisdiction in the world using equipment located in the country. The law provides that, for each type of gambling (betting, gaming, and participating in a lottery), there will be two forms of license available: remote and non-remote forms (land-based). If you provide facilities for remote gambling, online or through other means, and advertise to consumers you will need a license from the licensing jurisdictions or local licensing authorities. Before an online gambling site signs up its first customer, before it accepts its first bet before the first card is dealt, it must be licensed by a recognized governmental entity.
Certain regions in the world have specific legislation in place that allows them to license and regulate companies that operate online gambling sites or provide industry services (such as the supply of gaming software). These regions are referred to as online gambling jurisdictions or licensing jurisdictions.
Depending on what type of entertainment you are going to implement in your internet establishment, you will have to apply for the corresponding permissions. Online gambling laws in Europe vary from one country to the next. The industry is well regulated in some countries and less so in others. There are several online gambling jurisdictions located in Europe. Some of these are members of the European Union (EU), and thus subject to the various rules and regulations of that body, while others are independent. Each of these jurisdictions has an authority that’s responsible for approving gambling sites for licenses that enable them to offer their services legally. They also regulate their licensees.
Countries that Provide Gambling Licensing
Today there are lots of licensing jurisdictions located all over the world and offering different terms for their customers. Depending on the country, licenses can be local, international (distributed in several countries), have a different set of documents for registration, costs of registration and further support, various operating conditions and other special details.

Which gambling license is both internationally recognized?

The government of Ireland offers casino operators, software, and service providers in the gambling industry, with a gambling license that allows gambling operators to conduct business related to casino, lotto, and other gaming-related activities. Ireland Gambling License is one of the most popular license for online casinos worldwide. Ireland has long been recognized as one of the preferred locations for Online Gambling operators to base their operations. This success has been due to a combination of factors, such as a progressive legislative system, political stability, first-rate telecommunications facilities, and a well established financial services industry. A wide range of gambling sites operates out of Ireland including sports betting, casino sites, poker, bingo, and more.
In stark contrast, the UK is the largest regulated market for online gambling in the world, and corporations are already comfortable exploiting the intersections of gambling and gaming, betting in-play, social gaming, Bitcoin, financial trading and spread betting, betting exchanges, e-sports and, most profitably, mobile gambling. 40% and 60% of online gambling in the UK took place in Gibraltar.

International licensing

Europe is home to the following online gambling jurisdictions: Alderney, Gibraltar, Isle of Man, Malta. Malta is currently the country that is most accommodating to gambling companies, and the license offers whitelisted online gambling in sports and casino games in many European territories. But takes an extreme amount of time in paperwork and background checks. Also, you pay 5% of all your gross profit to the EU.
Among countries offering gambling licensing services, the attention should be paid to Curaçao jurisdiction, which is considered to be one of the most promising for the online gaming business.
Curaçao Internet Gaming Association (also known as Curaçao eGaming) is both a regulator and a licensor, and its licensing works worldwide except Curaçao itself, USA, France and Netherlands. Using Curacao as an example, let us examine in detail the process of obtaining a license, the necessary documents and expenses.
How to get a License on Curaçao
  • Documents necessary for company registration:
  • criminal record;
  • passport scans;
  • bank account confirmation;
  • documents proving payments for utility services.
After the company is registered, an operator can apply for the license providing the following documents:
  • a document certifying the right of domain possession;
  • description of games planned to be used in the project;
  • a list indicating countries of potential operation;
  • illustration of server locations to be used in the project;
  • a copy of the agreement with a software provider.
Gambling license cost:
  • Bank account opening $1000
  • Company registration $3600
  • Company management per year $3600
  • Application processing fee $1000
  • License fee per year $4800
  • Equipment/software fee starting from $1500
  • Server maintenance per year $6000
Apart from that pay for technical support and maintenance every year. The entire license issuing process takes between 2-4 weeks. Curacao Internet Gaming Association (CIGA) also has the power to review a license and, if it finds that an operator has breached a license condition, has the power to impose a range of sanctions including revocation of the license.
Apple and Google Gambling Rules
You’ll be surprised at the limited number of real money gambling app options available on the AppStore and Google Play Store. Most real money casino gaming is done through gambler’s mobile web browsers and not through mobile gambling apps that you’ll find for iPhone and Android phones. Apple allows online gambling applications in a few forms, and not just in places where it is explicitly permitted. They do not allow any payments through the applications – those have to be done on the websites. Apple has far stricter developer guidelines for iOS apps than Google does for Android apps, so it’s fine to assume that whatever you choose to download from iTunes is usually safe, secure, and meets a certain standard.
Any real money casino in the iTunes app is required to have proper licensing and permissions before Apple will approve the app for use or downloads. While Google Play is technically regulated, it is much more loose in what can be hosted.

Apple Store

Gambling, gaming, and lotteries can be tricky to manage and tend to be one of the most-regulated offerings on the App Store. Apple has rules for apps that support real money wagering, including sports betting and poker. Those apps and lotteries must have necessary licensing and permissions in the locations where the App is used, must be geo-restricted to those locations, and must be free on the App Store, and Apple rate even simulated gambling apps as appropriate only for users 17-years-old and up.

Play Store

Google keeps the reigns tight. To be able to successfully upload apps to the Google Play store, developers need to have a valid license for the specific countries they are targeting and comply with their regulations. The app must be free to download and must prevent under-age users from gambling in the app. As a final precaution, all gambling apps are required to display prominent information regarding responsible gambling practices. This brings its policy in line with the Apple App Store.
Countries where gambling is illegal
It is also important to remember that while gambling is growing rapidly in many places, in others it is totally or partially prohibited. As well as in the majority of the US, sports betting is illegal in India, Pakistan, and China, three of the largest gambling markets in the world. Most countries have rules against gambling. Almost all Islamic countries prohibit gambling of every kind, but many turn a blind eye to online gambling or simply do not have regulations in place for this grey area.
In the United Arab Emirates, however, any kind of gambling is prosecuted. National lotteries are the only legal forms of wagering on the Asian country’s mainland. Cambodia, North Korea strictly forbids online and offline gambling amongst its own citizens but allows tourists to participate in these activities.
Qatar is the strictest country of all when it comes to gambling laws. All forms of gambling activities are considered illegal, and even sports betting is not permissible.
Starting your own gambling product
Numerous online casino platforms in the market offer fantastic casino games like bingo, poker, roulette, and many more.
If you have an idea, but don’t know where to start, we advise you begin with a Minimal Viable Product (MVP) to pilot your proof of concept for investors. MVP spotlights your core features and lets your investors know there are bigger and better things to come.
For MVP you do not need a large team, just a few people are enough to create a fully functioning prototype. In the case of successful numbers of your prototype, the further development of a full-fledged product will require more team, resources and time, however you will be sure that your development and your costs will pay off.
submitted by Fgfactory_ua to gamedev [link] [comments]

Are Pricey Crypto Publications like Palm Beach a substitution for a Crypto Mentor?

Why Having a MENTOR in Crypto is Very Important
For the past couple of years I have been sharing the exorbitant costs of the Palm Beach newsletter services with a few other people. But what started off as a simple share of the costs of these publications has actually turned into me being a teacher or counselor in the space to many who are completely new to the world of cryptocurrency.
A bit about me:
As someone who has been buying bitcoin since early 2014 I became the ipso facto ‘crypto expert’ among my friends and new newsletter shares. People came to me with all types of questions which I had taken for granted since I had long ago been through the learning curve required to make me highly proficient at navigating the complex waters of cryptocurrency.
It was at this time that I realized just how difficult crypto currency can be for most people. Many things I took for granted are not actually that simple. I’ve gotten questions all over the board over the years: “how do I buy bitcoin?” - or “How do I send it now that I have it”. “What’s a crypto wallet?” “what are the best exchanges to use?”, “what does ERC-20 mean?” …and on and on and on. I realized that things that I took for granted were actually very real concerns and struggles for people. So I became a teacher of sorts to those who needed help getting their footing established in the wild west of crypto, and instead of being someone who simply shared the costs of pricey publications I ended up being a mentor, an ally, and a friend to many of these people.
Here are a few things I’ve noticed over the years:
Most of the mistakes people make are done early on as they are trying to get set up. There are many traps out there to part you with your money. Fly by night exchanges…or even bogus exchanges, people promising you educational courses that turn out to be worthless drivel and many people online telling you which coins to buy hyping things so much because they want YOU to buy their bags - not to make you rich. I once had a friend google a crypto exchange customer service number. The number wasn’t real but a spoof website in a paid search result which connected her to a scammer who proceeded to steal her $8,000 worth of bitcoin in about 30 seconds. Poof! Gone!
What’s important when you are first new to crypto is to realize that everyone has an agenda and most of the time it’s not a mutually beneficial one. This is the wild wild west! You better have your wits about you, and be quick on the draw - otherwise you’ll blink and suddenly find yourself penniless.
But even good guys have an agenda. I know I do! But mine is more altruistic and designed to be “mutually beneficial”. See, I’m hoping to gain some of your trust to have a conversation so that you’ll allow me to be your ally and mentor in the space - giving me the chance to share both my knowledge and the Palm Beach publications (quarterly or confidential - or others) that you want. Like most value adding things in life it starts with a profit motive; capitalism at its purest. But the best business is also the business which helps solve problems. And that is what I am attempting to do here - to connect with a few people that I can add value and insights to.
Swimming with Sharks or the Land of Milk and Honey?:
With that said cypto is full of some of the slimiest people on earth. Scammers and frauds in boiler rooms in India or Pakistan or China trying to take advantage of your naiveté. It is what it is. Welcome to crypto. But crypto is also the new land of opportunity- a land where you can stake a claim and strike gold, or watch oil just gushing out of the ground. So, yes it can be a wonderful place too! Some of the best people I know I’ve met through my cryptocurrency connections and projects I have become passionate about. Many of these are freedom loving people acutely aware that many things aren’t right in the world and many things need to be changed. We love profit combined with the ideological purity of what crypto is at its core, and usually find agreement in the fact that crypto offers many solutions to a world begging for a paradigm shift towards more honesty and integrity in a broken world full of corrupt systems and cronyism.
But where do you turn for the advice if you are an outsider looking into this fascinating new world and the possibilities that it presents? Do you go to youtube? Do you run to a computer and start googling bitcoin? Will your smart Uncle Joe be able to help you? Certainly, there is a lot of information you can glean our there on your own if you are industrious and persistent. But these are also shark infested waters, and as I said earlier - nearly everyone has an agenda. Usually, as a newbie in crypto you are the “mark” - or as poker players would say; “the fish” at the table. Everyone will welcome you to grab a seat and offer you a smoke… getting you extremely comfortable, before taking your money leaving you wondering what the hell just happened?!
Are you the Customer or “the mark”?
Sadly, many of the latest and greatest crypto publications have also gone the route of the hustler at the poker table. They get you to empty your pockets to enter into the game - and then later they hold you by your ankles and shake you until anything left comes spilling out onto the ground. It’s a brutal world for sure. How many of you are aware that the moment you sign up for Palm Beach (for one example) the next week or even day they will be hitting you up to sign up for yet another multi-thousand dollar subscription service with them or one of their partners like Bonner and Associates or Legacy Research Group? Don’t believe me? Sign up and find out!
To me this is greed at its highest and most perverse level. They claim to want to “help” you become one of the nouveau rich - and they charge a literally boat load of money for the information to do so. The information is very good even! But then just days later you will find out that your information is “incomplete” - and that what you really need to do is to buy this “other” publication which shows you a more nuanced (and shhhh, also secret formula ) to really getting those profits you crave sooner - only even much bigger profits this time - in another sector - oh by the way this will only cost you another $2,500 or $1,500. Really? Are they looking out for their customers or more interested in bleeding them out like pigs? I’d say clearly the latter.
Time for a more Holistic Approach:
For the reasons above I have committed myself to being a crypto mentor and friend in the space - but as a business. As a bonus to signing up with me as your friend and mentor in the space I’ll share with you the publications. This way you help me cover the costs and I help you get what you want; the pricey information. Only I do better by you - in offering you my hand in expertise and kinship and getting your cost greatly reduced at the same time. It’s a no brainer for you really.
Keep in mind I have ALL the Palm Beach publications you could want; (Palm Beach Confidential, Crypto Income Quarterly, Palm Beach Trader, Alpha Edge, Palm Beach Quant ) and also the lesser known and unrelated Crypto Vigilante of Dollar Vigilante fame (a very underrated publication imo). And you get someone who understands crypto and the crypto markets at a fairly high level - someone with the 10,000+ hours put into the space since 2014 to make me not only highly proficient - but arguably an “expert” in the field.
If you were going to get the $75 rib-eye - wouldn’t the same steak taste even better at $25 - $50 while also having 3 sides (and fancy drinks) included? Your choice. This is what I’m offering you.
I have a videos showing me in all my splendor (lol) and trying to communicate who I am, and what I can do for you. I am currently offering a few levels of memberships to my mentorship and expertise and the publications and info you want. So why not have a brief talk about it? Drop me a line in direct message here (not in the public thread below) - and I’ll get you over the full monty of details regarding signing up with me and getting immediate access to the publications and my brain. ; )
I’ll even send you that private video of me first so you can decide if I’m the type of person you might want to do business with. I look forward to hearing from you! Drop me that message and please leave a brief note of what exactly you might be interested in. Thanks!
Proverbs 15:22 - Without counsel purposes are disappointed: but in the multitude of counsellors they are established
submitted by remotelyfun to CoinBase [link] [comments]

Why Having a MENTOR in Crypto is Very Important

Why Having a MENTOR in Crypto is Very Important
For the past couple of years I have been sharing the exorbitant costs of the Palm Beach newsletter services with a few other people. But what started off as a simple share of the costs of these publications has actually turned into me being a teacher or counselor in the space to many who are completely new to the world of cryptocurrency.
A bit about me:
As someone who has been buying bitcoin since early 2014 I became the ipso facto ‘crypto expert’ among my friends and new newsletter shares. People came to me with all types of questions which I had taken for granted since I had long ago been through the learning curve required to make me highly proficient at navigating the complex waters of cryptocurrency.
It was at this time that I realized just how difficult crypto currency can be for most people. Many things I took for granted are not actually that simple. I’ve gotten questions all over the board over the years: “how do I buy bitcoin?” - or “How do I send it now that I have it”. “What’s a crypto wallet?” “what are the best exchanges to use?”, “what does ERC-20 mean?” …and on and on and on. I realized that things that I took for granted were actually very real concerns and struggles for people. So I became a teacher of sorts to those who needed help getting their footing established in the wild west of crypto, and instead of being someone who simply shared the costs of pricey publications I ended up being a mentor, an ally, and a friend to many of these people.
Here are a few things I’ve noticed over the years:
Most of the mistakes people make are done early on as they are trying to get set up. There are many traps out there to part you with your money. Fly by night exchanges…or even bogus exchanges, people promising you educational courses that turn out to be worthless drivel and many people online telling you which coins to buy hyping things so much because they want YOU to buy their bags - not to make you rich. I once had a friend google a crypto exchange customer service number. The number wasn’t real but a spoof website in a paid search result which connected her to a scammer who proceeded to steal her $8,000 worth of bitcoin in about 30 seconds. Poof! Gone!
What’s important when you are first new to crypto is to realize that everyone has an agenda and most of the time it’s not a mutually beneficial one. This is the wild wild west! You better have your wits about you, and be quick on the draw - otherwise you’ll blink and suddenly find yourself penniless.
But even good guys have an agenda. I know I do! But mine is more altruistic and designed to be “mutually beneficial”. See, I’m hoping to gain some of your trust to have a conversation so that you’ll allow me to be your ally and mentor in the space - giving me the chance to share both my knowledge and the publications you want. Like most value adding things in life it starts with a profit motive; capitalism at its purest. But the best business is also the business which helps solve problems. And that is what I am attempting to do here - to connect with a few people that I can add value and insights to.
Swimming with Sharks or the Land of Milk and Honey?:
With that said cypto is full of some of the slimiest people on earth. Scammers and frauds in boiler rooms in India or Pakistan or China trying to take advantage of your naiveté. It is what it is. Welcome to crypto. But crypto is also the new land of opportunity- a land where you can stake a claim and strike gold, or watch oil just gushing out of the ground. So, yes it can be a wonderful place too! Some of the best people I know I’ve met through my cryptocurrency connections and projects I have become passionate about. Many of these are freedom loving people acutely aware that many things aren’t right in the world and many things need to be changed. We love profit combined with the ideological purity of what crypto is at its core, and usually find agreement in the fact that crypto offers many solutions to a world begging for a paradigm shift towards more honesty and integrity in a broken world full of corrupt systems and cronyism.
But where do you turn for the advice if you are an outsider looking into this fascinating new world and the possibilities that it presents? Do you go to youtube? Do you run to a computer and start googling bitcoin? Will your smart Uncle Joe be able to help you? Certainly, there is a lot of information you can glean our there on your own if you are industrious and persistent. But these are also shark infested waters, and as I said earlier - nearly everyone has an agenda. Usually, as a newbie in crypto you are the “mark” - or as poker players would say; “the fish” at the table. Everyone will welcome you to grab a seat and offer you a smoke… getting you extremely comfortable, before taking your money leaving you wondering what the hell just happened?!
Are you the Customer or “the mark”?
Sadly, many of the latest and greatest crypto publications have also gone the route of the hustler at the poker table. They get you to empty your pockets to enter into the game - and then later they hold you by your ankles and shake you until anything left comes spilling out onto the ground. It’s a brutal world for sure. How many of you are aware that the moment you sign up for Palm Beach (for one example) the next week or even day they will be hitting you up to sign up for yet another multi-thousand dollar subscription service with them or one of their partners like Bonner and Associates or Legacy Research Group? Don’t believe me? Sign up and find out!
To me this is greed at its highest and most perverse level. They claim to want to “help” you become one of the nouveau rich - and they charge a literally boat load of money for the information to do so. The information is very good even! But then just days later you will find out that your information is “incomplete” - and that what you really need to do is to buy this “other” publication which shows you a more nuanced (and shhhh, also secret formula ) to really getting those profits you crave sooner - only even much bigger profits this time - in another sector - oh by the way this will only cost you another $2,500 or $1,500. Really? Are they looking out for their customers or more interested in bleeding them out like pigs? I’d say clearly the latter.
Time for a more Holistic Approach:
For the reasons above I have committed myself to being a crypto mentor and friend in the space - but as a business. As a bonus to signing up with me as your friend and mentor in the space I’ll share with you the publications. This way you help me cover the costs and I help you get what you want; the pricey information. Only I do better by you - in offering you my hand in expertise and kinship and getting your cost greatly reduced at the same time. It’s a no brainer for you really.
Keep in mind I have ALL the Palm Beach publications you could want; (Palm Beach Confidential, Crypto Income Quarterly, Palm Beach Trader, Alpha Edge, Palm Beach Quant ) and also the lesser known and unrelated Crypto Vigilante of Dollar Vigilante fame (a very underrated publication imo). And you get someone who understands crypto and the crypto markets at a fairly high level - someone with the 10,000+ hours put into the space since 2014 to make me not only highly proficient - but arguably an “expert” in the field.
If you were going to get the $75 rib-eye - wouldn’t the same steak taste even better at $25 - $50 while also having 3 sides (and fancy drinks) included? Your choice. This is what I’m offering you.
I have a videos showing me in all my splendor (lol) and trying to communicate who I am, and what I can do for you. I am currently offering a few levels of memberships to my mentorship and expertise and the publications and info you want. So why not have a brief talk about it? Drop me a line in direct message here (not in the public thread below) - and I’ll get you over the full monty of details regarding signing up with me and getting immediate access to the publications and my brain. ; )
I’ll even send you that private video of me first so you can decide if I’m the type of person you might want to do business with. I look forward to hearing from you! Drop me that message and please leave a brief note of what exactly you might be interested in. You can do that here on Reddit or at: [[email protected]](mailto:[email protected]) Thanks!
Proverbs 15:22 - Without counsel purposes are disappointed: but in the multitude of counsellors they are established.

palm beach confidential, teeka tiwari, crypto income quarterly, crypto teacher, crypto learning, learn bitcoin, cryptocurrency class
submitted by remotelyfun to u/remotelyfun [link] [comments]

What Is Cryptocurrency? [Beginners Guide]

For a while now, we have been hearing quite a lot of definitions for cryptocurrency. Well, let’s take the simplest cryptocurrency definition: Cryptocurrency is a digital or virtual currency/assets that also works as a medium of exchange. Cryptocurrency grasps or uses cryptography and blockchain to secure any form of transaction.
The grasps of blockchain makes cryptocurrency decentralized and transparent. No one needs permission from any higher authority to own crypt currencies or cripto coins. If you want hold some coins, then all you need is to get a wallet to store your coins. Holding crypto is very simple and easy because you have power to make transactions at anytime.

HISTORY OF CRYPTOCURRENCY

The very first crypto currency to be launched was Bitcoin the mighty of all cryptos, of course, it is the reason why bitcoin rings in most peoples mind when they hear Crypto-currencies.Bitcoin was invented by an unknown programmer called Satoshi Nakamoto, claimed to be born on April 5 1975 and from Japan. His motive was to create a Peer to Peer Electronic Cash System which many people tried creating a while back. But his invention resulted in creating bitcoin.

IS CRYPTOCURRENCY LEGAL?

Well, in most countries cryptocurrencies are legally operating, but there is no law stating that holding or trading bitcoin or any other cryptocurrencies is illegal. Countries like United States, Canada, UK and others accept the use of cryptocurrencies whiles other countries like Russia, Afghanistan, Pakistan etc do not allow cryptocurrencies to function. For those countries that crypto currencies are allowed to regulate, users can use them as another payment method.
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Craig Hamilton Parker: Predictions for 2020 and Beyond

My Top 6 Predictions for 2020:

My Top 6 Correct Predictions for 2019

World Psychic Predictions

War in the Middle East

(I see this unfolding over 2020 and 2021)

Donald Trump(Happening in 2020. Most of these predictions have been made in earlier my YouTube videos with additional details.)

(Happening in Donald Trump’s second term)

Boris Johnson

World Finances

(Note I am not trained in economics. Get advice from a qualified person when making investments.)

Revolution in China

(See my China predictions and YouTube videos for more details)

North Korea

Other News

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After the Bitcoin crash: do others fear me for greed?

At 6:30 pm on March 12, Bitcoin dropped from $ 7211 to $ 5555.55. The bitcoin price dived again this morning, slumping nearly $ 2,000 again in half an hour, the lowest fell to $ 3,782.13, a drop of more than 40% in 24 hours. According to the data of the contract emperor, only Huobi, OKEx, Binance, and BitMEX exchanges had a daily short position of 3.133 billion US dollars, which reached the highest in a single day in history. The number of liquidated positions exceeded 110,000, which was also the highest in a single day.
Also on March 12, the S & P index fell 260.74 points, triggering the fusing mechanism for the second time this week. The Dow hit its largest decline in history, at 2352.6 points. The Nasdaq fell 750.25 points to 7201.8 points. This is the third time in the history of US stocks. This fuse has been 33 years since the first fuse, but only 4 days have passed since the last fuse. Buffett shouted, "I only lived this way in 89 years." It is reported that Buffett lost $ 6.8 billion last night.
According to incomplete statistics, with the exception of the United States, the stock markets of 11 countries including Canada, Mexico, Japan, South Korea, Thailand, India, the Philippines, Indonesia, Brazil, and Pakistan plummeted. The five largest US technology companies, Apple, Amazon, Google, Facebook, and Microsoft, had a cumulative market value of $ 416.63 billion. The Bloomberg Billionaires Index shows that the top 15 richest people in the world lost a total of $ 46.4 billion.
Market panic or pullback demand? Regarding the meltdown of U.S. stocks this week, Yang Delong, chief economist of Qianhai Open Source Fund, believes that the spread of the epidemic is not the main reason. It is more a decade of bull market for U.S. stocks. Some factors driving the rise of U.S. stocks are quietly changing, such as the Federal Reserve ’s interest rate There is not much space. Regarding this crazy drop in Bitcoin, Apocalypse Capital told InfoQ that there are two main reasons for this drop in Bitcoin: on the one hand, the bearish demand caused by the expected global economic downturn, and on the other hand, Bitcoin Callback requirements themselves.
As we all know, Bitcoin will be halved in the second half of the year, but the trading market pays attention to speculation expectations. This round of rise has essentially halved the market. After hitting a high of 10500, Bitcoin is facing a callback demand. Of course, this round of downtrends is so rapid and there are only a handful of recurrences in the history of Bitcoin, which are inextricably linked to the decline in global stock markets, both of which are the result of expectations of a bearish global economy.
However, Johnson Xu, chief analyst of TokenInsight, told InfoQ that the Bitcoin dip was mainly due to market panic, because some market participants bought bitcoins by buying mining machines, borrowing, etc., and expected to reduce their expectations by half. A linkage effect caused by everyone being too optimistic about the market.
The market is overhyped because Bitcoin is halved, and some market participants are afraid to miss the opportunity to enter the market irrationally. The current market slump is driven by strong irrational behavior, which translates into a rapid downside response and quickly depletes market buyers' liquidity (flattening down). When the overall financial market panic or other unexpected events are caused by the New Crown virus and the global economic slowdown, market participants often seek to withdraw assets such as stocks and bitcoins and convert these assets into cash (cash is king). So has the recent gold sell-off.
When the market panics, people ask for cash in the beginning instead of investing in safe-haven assets such as gold. At the same time, because gold is considered a high-quality asset, investors usually start with liquidity crunch and market panic. Cash in on good assets (because inferior assets are more difficult to sell in panic times). The Bitcoin crash this time has a certain connection with the decline in global stock markets, because the entire financial market is a globalized market, and there is more or less linkage between each asset.
In addition, Forbes speculated that it may be because PlusToken scammers transferred bitcoins worth more than 100 million US dollars to the mixer, and then sold bitcoins, resulting in rising market supply.

Other people are greedy, I am afraid, others are afraid of me, greedy? In this case, should investors still expect "halving the market"? Johnson Xu believes that there is no such thing as a "half quotation", and most market participants are too optimistic about the halving of Bitcoin. Price fluctuations are not necessarily caused by halving, but may be caused by the sum of other factors. When everyone is saying that they are optimistic about the market, the existence of risk is ignored in the subconscious. At this time, the risk will be actually reflected, and the upside will gradually shrink. Bitcoin halving was written into the code, and it was not an accident. Bitcoin should be halved in a rational way. It is worth looking forward to, but not overly interpreting and speculation.
However, Tianqi Capital believes that this plunge is a callback period for bitcoin's halving of the market, and each round of sharp decline also indicates the opportunity of the market outlook: cheap chips will be hoarded, waiting for the next wave of hype and explosion. Therefore, Tianqi Capital still believes that the market outlook of Bitcoin is worth looking forward to, provided that it is not frightened by the current fierce washing of the chips, after all, when the bear market is the worst, it is also when gold is everywhere.
Regarding the future trend of Bitcoin, Apocalypse Capital stated that it should judge according to the current trend.
In this round of market, Apocalypse Capital initially chose to follow the downward trend of May 18, and Bitcoin has gradually dropped from a high of 10,000 to 3150 points, so the big support level predicted by this round happens to be 3700 today. Near the point. Data monitoring shows that some funds are involved in this price range. But whether it can hold on to this support remains to be tested. If the 3700 support cannot be maintained, it is very likely that it will hit the US $ 2000 level. Tianqi Capital believes that this is the market's last line of defense. Long-term investment is recommended to buy some relatively stable targets, such as BTC, ETH, etc. The bear market will eliminate many currencies, but if it survives, it will shine in the next round.
Johnson Xu believes that the plunge is also a test to promote the healthy development of the industry. Extreme market is a test for the entire industry, especially for infrastructure, risk management, etc., so it is still optimistic and supports the development of the industry for a long time.
For current investors, Johnson Xu offers the following suggestions:
  1. Other people are greedy, I am afraid, others are afraid of me, greedy.
  2. Global financial markets have also undergone major changes. From the data point of view, I don't think Bitcoin has the attributes of a safe-haven asset, but this market can test whether Bitcoin has a certain risk-avoidance capability. This is a global world. We need to analyze various markets, not just the digital asset market.
  3. In the long run, we are still optimistic about the digital asset industry.
Does Bitcoin have a fusing mechanism? On March 9, after the U.S. stock market crash triggered the fusing mechanism, the market began a discussion of "whether Bitcoin should set up a fusing mechanism". But at present, most people are not optimistic about the Bitcoin fusing mechanism. OKEx CEO Jay Hao said that the fusing mechanism is difficult to implement in the digital currency market. In the face of a highly volatile market, setting the fuse point is a difficult problem. At the same time, for a 7 * 24h market, when a certain exchange breaks down, the price difference between the digital currencies between the platforms will increase, leading to arbitrage, and the fuse mechanism will eventually become a decoration.
Du Wan, the co-founder of Contract Emperor, also said that it is unrealistic to use a fuse mechanism in the currency circle. The fusing mechanism first violates the original intention of the decentralization of the blockchain, and at the same time, it will touch the interests of the top of the currency circle ecological chain. For example, large trading teams can no longer use pins to obtain large profits. When the market is panic, exchanges with a fuse mechanism may lose traffic to exchanges without a fuse mechanism because of the run effect of traders.
It can be seen that the current risk aversion measures in the traditional stock market are difficult to transfer to the fickle currency market in a short time, and the regulation of this market still has a long way to go. Investors should still be cautious when investing.
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Customers of the bitcoin exchange lost all the money because its head died

For almost a year, the story with one of Canada's largest cryptocurrency exchanges, Quadriga CX, has been going on. In early 2019, the company announced the death of the head of the company — 30-year-old Gerald Cotten. She added that only he knew the passwords and keys to the wallets where tens of thousands of users ' bitcoins are stored. This was ostensibly his security measure, but because of this, Quadriga CX cannot refund customers.
Such an unusual situation, as well as mysterious details from the past and the circumstances of Cotten's death, have led to theories that the head of the exchange actually fabricated his death to hide with users ' cryptocurrency-that's $ 160 million.
By December 2019, suspicions had reached such a stage that Quadriga CX depositors demanded the exhumation of the body. All to make sure that Gerald Cotten is really dead and not hiding with their bitcoins.
One person for all passwords
Cotten's death was announced in January 2019, with 9 December 2018 as the date of death. According to Quadriga CX, the CEO of the company died from complications of Crohn's disease on the way to the opening of an orphanage in India. And his death was not the only tragedy-the exchange's customers learned that only he had access to their bitcoins.
We are talking about "cold" wallets without access to the Internet, which are considered one of the most reliable means to store cryptocurrency. Passwords from them and encryption keys knew only Cotten, according to Quadriga CX, as he wanted to ensure maximum security.
As a result, the cryptocurrency savings of more than 75 thousand people were in limbo. That's about $ 160 million.
The wife of the deceased Jennifer Cotten said she tried to find recovery codes, but "repeated intensified searches" came to nothing. "My husband did most of his business from his encrypted laptop, but I don't know the password," she said. According to Jennifer, over the hacking of the laptop fought several experts and one managed to crack email. But the messages there are supposedly not just encrypted, but self-destruct.
On January 28, the Quadriga CX website went offline, and representatives of the company almost stopped communicating with customers. Then there was speculation on Reddit: what if Gerald Cotten faked his death to appropriate the money for himself? And together with journalists, they began their investigation.
Reasons for doubt
The doubts of Quadriga CX customers can be understood: there are many suspicious factors in the story. It all started with the cause of death-Crohn's disease, a chronic inflammatory bowel disease that rarely ends in death.
According to Reddit users, Cotten "died extremely well" in India, where there are more opportunities to fake a death than in Canada. The wife of the head of Quadriga CX published the death certificate as evidence, but she was no longer believed.
Further-more. Cotten had changed his will two weeks before his trip to India, leaving his wife a large inheritance. Among the items in the will: two houses in different regions of Canada, two cars, a yacht and a small Cessna 400 plane. Cotten's total assets are nearly $ 10 million.
At the same time, Quadriga CX experienced financial problems throughout 2018. The crypto exchange entered the market in 2013 and became one of the local leaders, but since the beginning of 2018 it has been "at war" with The canadian Imperial Bank (CIBC), which froze $ 22 million without an established owner. At the same time, customers began to complain that they could not access the cryptocurrency.
According to the publication Decrypt, the popularity of the platform gradually fell, and Cotten blamed the traditional banking system of Canada, which put a spoke in the wheels of the cryptocurrency community. In early December, representatives of Quadriga CX announced that the problems with CIBC were solved-a few days before the death of the head of the company.
In February, the Nova Scotia Supreme court appointed audit firm Ernst & Young to review all financial transactions of the cryptocurrency exchange. The Agency's investigation revealed "significant problems and irregularities" in the management of the Quadriga CX.
According to experts Ernst & Young, those encrypted" cold " wallets were not 160 million dollars, but several hundred thousand. Presumably, Cotten transferred large amounts of client deposits to his personal accounts, hidden behind pseudonyms.
The widow Cotten disavowed her husband's actions, saying she knew nothing about it. Auditors managed to track down and return a small part of the funds to customers, another part was paid by Jennifer Cotten. But thousands of crypto investors were still left without their deposits. Quadriga CX started the procedure of bankruptcy.
Skeletons in the closet
The most active clients of the cryptocurrency exchange, confident that Cotten is still alive, organized an investigative Telegram chat "Quadriga Uncovered". The number of participants in the chat numbered 500 people, periodically there were journalists and even FBI agents who were also interested in the story. In total, according to media reports, four different services from different countries are involved in the case.
Internet detectives began to study Cotten's youth and discovered that as early as 2003 He was an active user of the TalkGold forum, where "high-yield investment projects"were shared and discussed. Most of them are classic financial pyramids. Cotten supposedly launched at least a few similar projects, promoting them on the forum. He was 15 years old.
At some point, Cotten met Michael Patrin, with whom They later founded Quadriga CX. Representatives of the canadian cryptocurrency industry recalled that Patrin appeared in the community suddenly: "It quickly became clear that he is not who he claims to be. Sometimes he introduced himself as Michael from India, sometimes as Michael from Pakistan, sometimes as Michael from Italy. But he knew what he was doing."
Canadian media claim that Michael Patrin is the pseudonym of Omar Danani, and he used to live in California. Danani was found guilty of fraud and money laundering, he spent 18 months in prison. He was linked to the website Shadowcrew, where stolen credit cards and Bank card numbers were traded.
In 2007, Omar was released, after which he allegedly moved to Canada and changed his name. Initially he was Omar Patrin, and a year later he became Michael Patrin. The co-founder of Quadriga CX has denied this information several times.
To dig and prove
The story of the cryptocurrency exchange has been going on for more than a year. Quadriga CX users have filed a class action lawsuit against the platform, but it is already considered bankrupt. During this time, journalists and Internet detectives have formulated three main versions of what could happen to 160 million dollars in cryptocurrency.
Cotten did die, but his death was used to hide the fact that the Quadriga CX had no money. The company was experiencing financial difficulties, the head of the company transferred money to himself, and the startup itself could "burn out" on unsuccessful cryptocurrency trading. Perhaps, after Cotten's death, the management decided that it was possible to cover their tracks with a story about passwords from wallets;
Quadriga CX-originally a fraudulent firm through which Cotten and Omar Danani (aka Michael Patrin) engaged in money laundering. This is indicated by details from the past of both co founders of the company;
The failure of the Quadriga CX is simply the result of terrible management of the company. As the business grew, Cotten failed. There are approximately 215 cryptocurrency exchanges in the world. 36 exchanges closed for various reasons. Perhaps the story of Quadriga CX is just another failure in the cryptocurrency market.
Many interlocutors of canadian journalists from employees of cryptocurrency companies, as well as doctors specializing in Crohn's disease, believe that Gerald Cotten died for real. But if so, depositors are unlikely to get their money and bitcoins back. So it's probably easier for them to believe in a conspiracy.
In December 2019, users of the Quadriga CX demanded that Cotten's body be exhumed. Law firm Miller Thomson, representing the interests of investors, justified this "questionable circumstances" of the death of the head of the company. Cotten's widow and former Quadriga CX management oppose the grave opening. The decision on exhumation will be made by the spring of 2020
More https://www.youtube.com/channel/UCmYpavSD9aALIt_lhde2Ewg?view_as=subscriber
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Localbitcoins Volume Analysis Shows Countries Where Fiat is Hyperinflationary, Bitcoin Gaining Traction

Localbitcoins Volume Analysis Shows Countries Where Fiat is Hyperinflationary, Bitcoin Gaining Traction

https://preview.redd.it/56tmi00dnn621.png?width=690&format=png&auto=webp&s=491b244f26c753ded60486a31f532c434bd1587f
https://cryptoiq.co/localbitcoins-volume-analysis-shows-countries-where-fiat-is-hyperinflationary-bitcoin-gaining-traction/
Localbitcoins is the longest running and most popular peer to peer Bitcoin exchange in the world, with trading volume increasing from less than $100,000 per week in 2012 to over $50 million per week currently.
On Localbitcoins, buyers and sellers complete deals directly with each other, using the full spectrum of fiat payment methods, ranging from bank transfers to gift cards.
Here, we’ll discuss countries with rapidly increasing Localbitcoins trading volume. These are usually countries undergoing a fiat inflation crisis or countries which have enacted severe regulations on Bitcoin trading leaving peer to peer trading as the only option.
It is good to first look at Localbitcoins trading volume in the United States before identifying countries without of the ordinary volume trends. Bitcoin is legal in the United States, and the United States perhaps has the lowest fiat inflation rate in the world at 2-3 percent since the USD is the underpinning of the global fiat currency system. The trading volume on Localbitcoins in the United States gradually increased to $10 million per week during the peak of the December 2017 Bitcoin rally and has since then leveled off to $6 million per week.
Countries with relatively stable fiat currencies follow this trend of an all-time volume high during the peak of the 2017 Bitcoin rally, followed by a gradual decline during the 2018 bear market. This includes Australia, Canada, the European Union, Hong Kong, Malaysia, New Zealand, Singapore, Switzerland, and the United Kingdom.
South America Seeing Rapid Increase in Peer to Peer Bitcoin Trading
South American countries that where people use Localbitcoins are seeing rapidly increasing volume throughout 2018 despite the bear market, and this appears to be due to a continent-wide fiat inflation crisis.
In Argentina, Localbitcoins trading volume has rallied from ARS 1 million to ARS 9 million since the beginning of 2017. The Argentinian Peso (ARS) has simultaneously experienced 140 percent inflation relative to the USD. The hyperinflation of the ARS itself does not yield the 9X increase in Localbitcoins trading volume, so clearly, the actual amount of peer to peer Bitcoin trading in Argentina is also rapidly increasing thanks to fiat hyperinflation.
Venezuela is experiencing the most well-known hyperinflation crisis in the world right now, with the inflation rate in excess of 400,000 percent according to the Cafe Con Leche Index, and a total collapse of the Sovereign Bolivar (VES) seeming imminent.
Localbitcoins trading volume in Venezuela is exponentially increasing, from VES 8,000 at the beginning of 2017 to VES 3.8 billion currently. It is likely that a large part of this volume rally can be explained by cryptocurrency adoption proliferating across Venezuela, as its citizens move their money into cryptocurrency in order to protect themselves against catastrophic hyperinflationary conditions. The Localbitcoins trading volume in Venezuela in terms of Bitcoin confirms this, with volume increasing from 274 Bitcoins at the beginning of 2017 to 1,743 Bitcoins currently.
Chile is also seeing a steady rise in Localbitcoins trading volume in terms of the native fiat currency the Chilean Peso (CLP). During the peak of the 2017 Bitcoin rally volume reached CLP 213 million per week, and in November 2018 trading volume was as high as CLP 243 million. Since April 2018 the CLP has had 19 percent inflation relative to the USD. In 2016 and 2017, the CLP was actually strengthening relative to the USD, so the inflation trend in Chile is relatively new.
Colombia has seen Localbitcoins trading volume rapidly increase from COP 230 million at the beginning of 2017 to COP 8.13 billion per week in November 2018. Simultaneously, there has been 13 percent inflation of the Colombian Peso (COP) relative to the USD since the beginning of 2017.
Actual Bitcoin volume has surged from less than 100 Bitcoins per week at the beginning of 2018 to more than 650 currently. Since Colombia is the next-door neighbor of Venezuela, perhaps this surge in Localbitcoins volume has something to do with Venezuelans obtaining the Bitcoins they need in Colombia.
In Peru, Localbitcoins weekly trading volume has steadily increased from PEN 60,000 at the beginning of 2017 to as high as PEN 3.145 million in November 2018. Simultaneously, Bitcoin volume has surged from less than 20 Bitcoins per week to 236 Bitcoins. The Peruvian Sol (PEN) has seen 10 percent inflation relative to the USD during 2018.
Overall, it is clear that fiat inflation in South America is not confined to Venezuela. Argentina, Chile, Colombia, and Peru are also experiencing fiat inflation and a major uptick in Bitcoin adoption. Thanks to this, it appears that South America will be a hotspot for cryptocurrency adoption in the coming years.
India Peer to Peer Bitcoin Trading Surges Due to Ban of Centralized Exchanges
The Indian Rupee (INR) has had 11 percent inflation relative to the USD since the beginning of 2018. The bigger story in India regarding Bitcoin is that the Reserve Bank of India has banned the use of bank accounts for Bitcoin activity, which has effectively banned centralized Bitcoin exchanges. This has caused a steady increase in peer to peer Bitcoin trading on Localbitcoins, which is still legal, from INR 48 million per week in May 2018 to as high as INR 122 million during November. There is some speculation that India will make Bitcoin completely illegal like its neighbor Pakistan.
Iran Sanctions Cause Peer to Peer Bitcoin Trading to Spike
Crippling international sanctions on Iran were announced in September 2018 and implemented by November in response to Iran breaking its nuclear treaty. The Iranian Rial (IRR) experienced 430 percent inflation relative to the USD, going from IRR 36,000 per USD at the beginning of 2018 to IRR 190,000 per USD by September. However, the Supreme Leader Ayatollah Ali Khamenei ordered that everything must be done to strengthen the IRR, and the free market ended at that point. Currency traders have been executed, making the living ones scared to bid the IRR lower, and Bitcoin has been made illegal to prevent outflows of capital. Localbitcoins trading volume spiked during the September 2018 hyperinflation crisis but is currently falling quickly due to the risks associated with trading Bitcoin in Iran.
Russia and Kazakhstan Have Rising Bitcoin Trading as Fiats Experience Inflation
Russia certainly had a trading volume spike on Localbitcoins during the peak of the 2017 Bitcoin rally, but in general, volume is consistently rising from Russian Ruble (RUB) 750 million per week in April 2018 to RUB 1 billion per week currently. This coincides with 21 percent inflation of the RUB relative to the USD during the same period of time.
Russia’s neighbor to the south, and former part of the Union of Soviet Socialist Republics, Kazakhstan, is also seeing consistently high Localbitcoins trading volume during 2018. The Kazakhstani Tenge (KZT) has seen 17 percent inflation since April 2018 relative to the USD.
Localbitcoins trading volume data shows that peer to peer Bitcoin trading is increasing worldwide in several countries even during the 2018 Bitcoin bear market, and this is often associated with fiat hyperinflation.
In general, it is thought that if hyperinflation were to become a problem in the United States and the European Union, Bitcoin would have a chance to become the primary global currency. The hyperinflation crisis being observed in several countries worldwide provides a glimpse of what the transition from fiat to Bitcoin may look like. In some countries there is a ‘smooth’ transition, with Bitcoin volume rising as fiat collapses, while other countries experience a rough transition in which Bitcoin is made illegal, making it hard to measure Bitcoin adoption on the ground.
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Some news you may have missed out on part 33.

-‘Project is ready’: Minister says govt going to build ‘Pakistan University of Media Sciences’
Information Minister Fawad Chaudhry on Monday announced the government plan to build a varsity titled ‘Pakistan University of Media Sciences’. He underlined that the project of the university was ready in first 100 days of the incumbent government.
In a twitter message this morning, Mr. Chaudhry said: “Alhamdolillah Pak University of media sciences project is ready in first 100 days of PTI Govt, this ll be our biggest contribution to Pak media industry.”
-GB govt approves weather allowance for employees
The Gilgit-Baltistan (GB) government has approved the provision of weather allowance to the government employees from November-February. The GB Finance department in a letter to the AG Office directed payment of weather allowance to the employees in November salary, an official press release said here on Monday. The department has released Rs471 million budget under the head of the weather allowance to the employees. It is pertinent to mention here that the last government had abolished the said weather allowance.
-Pakistan Railways comes up with a major project
The government is embarking upon a major project of laying a new double rail track from Karachi to Peshawar. Sheikh Rashid said that two new freight trains and Rehman Baba Express train will be launched on the 25th of next month.
-Pakistan and Malaysia agree to enhance cooperation in defence sector
Pakistan and Malaysia have agreed to promote mutual cooperation and defense ties to further strengthen their relations.
-Finding home in a foreign land: German photographer falls in love with the streets of Pakistan
Your daily "please love us whites" article. This one is a good read.
-Digital Currencies in Pakistan: State Bank of Pakistan issues important instructions
The State Bank of Pakistan has declared the digital currencies, tokens and coins as illegal, advising all concerned and general public to report those making transactions in digital currencies or coins to the Financial Monitoring Unit of the bank. The central bank issued a circular declaring that all digital currencies and coins including Bitcoin, Litcoin, Pakcoin and other are not legal tender thus are illegal.
HEALTH - Islamabad to get 200-bedded hospital with Saudi support: minister
A delegation from Saudi Arabia led by Abdullah Al Shoebi called on Federal Minister for National Health Services Aamer Mehmood Kiani today to discuss construction of 200 bedded hospital in Islamabad with support of the Saudi Government. The minister informed that the premises has been secured and is ready for construction to start. Federal Minister National Health Services was briefed that the 200 bedded Islamabad General Hospital at Tarlai will be established at a total cost of Rs.2499.993 (million) on land measuring 13.07 Acres.
-Federal Information Commission launched by PTI government
Information Minister Chaudhry Fawad Hussain says the Right to Information act will help bring transparency in the country to curb corruption. He was addressing a ceremony in Islamabad on Monday in connection with launch of Federal Information Commission for implementation of Federal Right to Information Law. He said the law will help journalists to seek information on various issues from the government departments. Each government department will be obliged to give information in ten days. If it does not comply, the case will be sent to the relevant Commission.
-Import of gold down by 12.8pc in four months
The import of gold in the country during the first four months (July-October) of the current fiscal year witnessed a decrease of 12.86 per cent as compared to the same period of the previous year. During the period under review, 165kg gold, worth $6.443 million, was imported against the import of 186kg gold, worth $7.394 million, in July-October 2017-18, according to the latest data released by Pakistan Bureau of Statistics (PBS).
-PM Imran Khan announces huge development and welfare package for erstwhile FATA
Prime Minister announced various welfare packages in the fields of health, education, employment and administration for the newly established districts of erstwhile FATA . PM announced 3 % of NFC share by all provinces for merged districts, early conduct of Local Bodies and Provincial Elections to ensure transfer of power to grass root level. He also announced Police Reforms and resolved to address all concerns of Levies and Khasadars by ensuring their jobs security. The Prime Minister announced system of Dispute Resolution Council (DRC) to ensure speedy justice and resolution of all issues through consultation. Imran Khan announced Medical College along with Hospital for North Waziristan District and South Waziristan District, University for North Waziristan District, Army Cadet College for North Waziristan District, health Insurance Cards to residents of merged districts, tele-medics system to fulfill deficiencies of specialist doctors. He also announced mega share from jobs for merged districts as offered by Qatar.
-Pakistan provides free heart treatment to visiting Sikh pilgrim
Pakistan on Monday provided free of cost heart treatment to a visiting Sikh pilgrim on humanitarian ground. 63-year-old Ratan Singh from India was rushed to Rawalpindi Institute of Cardiology Hospital when he suffered a cardiac arrest at Gurdwara Panja Sahib, Hassan Abdal. The doctors successfully conducted angioplasty on the ailing pilgrim, who is now recovering.
-President Dr. Arif Alvi has invited UAE businessmen to take benefit from vast opportunities of investment in Pakistan in various sectors, especially tourism.
The President stressed that that efforts must be made to further enhance bilateral trade to commensurate with its actual potential.
-For the first time in history Islamabad Police issued driving licence to transgender person
Following in the footstep of the Khyber Pakhtunkhwa (KP) government, the Islamabad Police has issued a driving license to a transgender person. On Monday, Alia Layla became the first certified transwoman driver in the capital territory Islamabad after passing all practical driving tests.
-IDEAS 2018: Largest ever Defence Expo in Pakistan with 262 delegations from 51 countries
The four day 10th edition of International Defence Exhibition and seminar, IDEAS '18 have commenced. Prime Minister Imran Khan is expected to inaugurate it. Five hundred twenty exhibitors from fifty countries including Pakistan will showcase their defence products in the exhibition. He said besides trade visitors, more than 262 high-level delegations from fifty-one countries including China, Russia, USA, France, Germany, Turkey, Poland, South Korea and host Pakistan are also all establishing their exclusive country pavilions at the EXPO center.
-PM Imran says Pakistan has unlimited potential for developing eco-friendly tourism
Prime Minister Imran Khan has said that Pakistan has unlimited potential for developing eco-friendly tourism.
Imran Khan took to Twitter sharing pictures of Karachi beach and snow covered mountains in the north saying, "From our beaches in the south to Fairy Meadows in the north, and the rich history of our Land, Pakistan has unlimited potential for developing eco-friendly tourism." The Prime Minister asserted that this is a commitment we are determined to fulfill God Willing.
-‘Pakistan provides conducive business environment to foreigners’
President Dr Arif Alvi said on Monday that Pakistan provided foreigners with a conducive environment for investment and hoped that investors from different countries would avail from the abundant opportunities that the country offers.
The president made these remarks while talking to envoys-designate of Thailand, Sri Lanka, Austria, Canada, Spain and Jordan, who presented their credentials to him in an impressive ceremony at the President House. The president said Pakistan wanted to further strengthen its relations with all friendly countries. He emphasised that regular exchange of bilateral delegations was essential in order to strengthen people-to-people contacts and to forge strong political and economic linkages.
HUGE - ExxonMobil set for comeback in Pakistan after nearly three decades: Report
After a gap of nearly three decades, ExxonMobil is gearing to re-enter the Pakistani market, as the world’s largest oil and gas company eyes it as an emerging economy with immense potential.
According to a report in Business Recorder, well-informed sources in the Board of Investment (BoI) said the company’s Chief Executive Officer (CEO) Irtiza Sayyed considers the Pakistani market as very significant considering its existing and rising quench for energy as it continues its economic growth trajectory. Mr Sayyed in a letter sent to the BoI stated ExxonMobil has been assessing its re-entrance into Pakistan since quite a while and has been assiduously hunting energy-related opportunities for past few years. ExxonMobil has made major strides to re-enter the Pakistani market which included acquiring a 25% stake in offshore drilling in May this year.
-Chinese delegation grants Rs3 million each to families of martyred policemen
Chinese delegation held a meeting with the families of martyred policemen at Chinese Consulate Karachi and granted Rs3 million cheque each to the heirs. The meeting was arranged on the request of Consul General China. The Chinese delegation offered condolences and expressed deep grief with the families over the loss of their loved ones. They also thanked to both the families for saving Chinese.
LOL - PTI government refuse to pay Rs 8 lakh bill for Senator Attaur Rehman cosmetic surgery
The Ministry of National Health Services, Regulation and Coordination has refused to pay a medical bill for the weight loss surgery of Senator Attaur Rehman. The brother of Jamat-e-Islami Fazl (JUI-F) chief Maulana Fazlur Rehman underwent a liposuction surgery to remove excess fat from his body around ten months ago at a private hospital in Islamabad, local media reported.
When Senate Secretariat sent the medical bill amounting Rs800,000 to the ministry concerned for approval, federal Secretary Captain (retd) Zahid Saeed rejected the bill citing objections on it. The objections on the bill were raised by Deputy Director General Dr. Minhadul Siraj, stating that the liposuction is a cosmetic surgery. He further added why the surgery was held at a private hospital when the Pakistan Institute of Medical Sciences (PIMS) has the same facility.
-Russian climbers to arrive in Pakistan for scaling K2, only 8000 metre peak in the World not been scaled in winters
Russian climbers are set to arrive in Pakistan in order to scale Nanga Parbat and K2. Three expeditions are expected to attempt to conquer the two peaks. K2 is the only 8000 metre peak in the world that has not been scaled in winters.
-India's vice-president lays foundation for Kartarpur corridor
Indian Vice-President Venkaiah Naidu on Monday laid the foundation stone for the construction of the Kartarpur corridor which will link Dera Baba Nanak in India to Pakistan’s Gurdwara Darbar Sahib Kartarpur.
-Punjab holds potential to become South Asia’s Silicon Valley: Minister
Provincial Finance Minister Makhdoom Hashim Jawan Bakht said on Monday that Punjab has the potential to become the Silicon Valley of South Asia.
He was addressing a ceremony held to celebrate the first Rs100 billion revenue collection through e-stamping by Punjab IT Board (PITB) and Board of Revenue (BOR). He said with the support of private sector and the formulation of systems like e-procurement and e-payment, the government is committed to placing Punjab at the heart of digital economy. “Despite enormous economic challenges that the government inherited, it is striving hard to achieve maximum economic growth with a low inflation environment. IT interventions are essential and much-needed in all sectors, especially to improve the overall efficiency of the government machinery,” he added.
-Asad Umar to chair ECC meeting tomorrow
A meeting of the Economic Corridor Committee (ECC) of the Cabinet would be held tomorrow (Tuesday) under the chairmanship of Finance Minister Asad Umar. According to a notification issued by the Cabinet Division on Monday, the finance division would be seeking directions from the government regarding an approval of a GoP guarantee to the National Power Parks Management Company Limited (NPPMCL).
-Pak Suzuki mulling to set up second auto plant, manufacture additional 100,000 vehicles a year: report
Pak Suzuki Motors is said to have procured 80 acres of land for establishing its second plant and manufacture an additional 100,000 vehicles a year.
According to a report in Business Recorder, the total investment as per plan by Pak Suzuki Motors would amount to $460 million and the land has been procured right next to its existing site. The Auto Industry Development Committee (AIDC) is set to meet on Wednesday to deliberate upon the enactment status of the auto development policy. This meeting is focused on reports that Prime Minister’s Adviser on Industries and Production is contemplating to grant Greenfield status to Suzuki’s new plant, as per well-informed sources.
Adviser to PM on Industries and Production, Razzaq Dawood is set to inaugurate Suzuki’s 2,000,000 car in Karachi on Monday.
Pak Suzuki Motors is planning to introduce four new cars and Suzuki Alto 660CC is expected to replace Mehran 800CC in April 2019.
-Pakistan EAC approved loan from World Bank
Economic advisory council (EAC) on Sunday gave approval to seek a loan of $42 million from World Bank for the poverty eradication programme announced earlier by Prime Minister Imran Khan, sources said.
-5 crore people across 36 districts in Punjab to get Health Cards
Provincial Minister for Health Dr. Yasmeen Rashid said on Monday that 50 million people across the 36 districts of the province would be facilitated under Health Card Scheme.
-First ever digital city in the history of Pakistan near Islamabad
Khyber Pakhtunkhwa IT Board (KPITB) is inviting investors for Pakistan’s first Digital City , to be based out of Haripur, on the outskirts of capital’s Margalla Hills. The plans of Government of Khyber Pakhtunkhwa establishing Pakistan Digital City were announced in October by Special Assistant to Chief Minister KPK, Kamran Khan Bangash. The Haripur site has been selected for its close proximity to the capital city of Islamabad and its newly built airport. The scenic location will provide land with a rich infrastructure to a diverse range of businesses and technology firms on the leasing module.
In order to build the Pakistan Digital City in accordance with industry requirements, KPITB has launched a preliminary demand form for investors to gain feedback and requirements from potential investors.
-Foreign diplomats shows interest in escalating trade activities with Pakistan
akistan can benefit in many ways due to its most exceptional geographical locations, which makes Pakistan a major entrance to the power & energy affluent Central Asian Republics while sharing borders with economic giants such as China, stated the Lahore Chamber of Commerce and Industry (LCCI) President Almas Hyder.
LCCI president, Hyder also emphasized on the fact while addressing a 27-member delegation, including foreign diplomats from West Africa, Azerbaijan, Iraq and many other countries, that Pakistan offers an express link to the Central Asian Republics and China. Also, Pakistan is expected to turn into the trade and energy corridor to these countries in near future.
He also expressed that the Belt and Road proposal has already initiated the basis for a better trade, and CPEC is the leading stone towards the transformation of this dream into veracity. He also highlighted, that “Pakistan is a country with prosperous and miscellaneous economic base. Its economic actions range from agriculture-based raw material to aircraft manufacturing.”
Part 26
Part 27
Part 28
Part 29
Part 30
Part 31
Part 32
submitted by FashBasher1 to pakistan [link] [comments]

Are companies like Chainalysis good for crypto?

There was a post about Binance teaming up with Chainalysis where I commented my concerns but the post didn't get enough traction. So I want to share some concerns and instigate some discussion around the topic.

Who?

Chainalysis is a company that leases investigation software to companies and governments to track and identify the users of cryptocurrencies like Bitcoin.
I can understand the positives to something like this which may be useful for tracking criminals and ensuring compliance. However, where do we draw the line? For a lot of people this goes against the fundamental principles of cryptocurrency.
I'm not saying this company or their software shouldn't exist, but I don't think we should support them or anything like them unless their software was to be used for research purposes to improve the sector. The software or act itself isn't bad per se rather the intention and circumstances around them are perturbing.
I have grave concerns that powerful groups and individuals - whether government, law enforcement or corporations can contract companies like Chainalysis to punish individuals even for legal activities.

Close Connections

Not to mention a lot of these companies are interconnected and invested in each other, which isn't a negative itself - but may raise red flags.
E.g. Digital Currency Group is invested in Chainalysis, and also has financial positions in Blockstream, Bitpay, Bitso, Bitwala, Brave, Circle, Civic, Coinbase, CoinDesk, CoinJar, Decent, Kraken, Ledger, Luno, Parity, Purse, Ripio, Ripple, ShapeShift, ZCash etc.
Funders Club which invests in DCG, which invests in Chainalysis is also invested in Coinbase, Slack, Chainalysis, Gitlab, KickPay and dozens and dozens more.
Techstars is also partnered with Target, IBM, Amazon Alexa, Ford, Barclays, Bosch and many other big companies.
I know this is a relatively emerging space, and it's not uncommon for start-up accelerators, VC and Angel Funds, and Investment companies to be few in number and willing to shell out the big bucks. However I do hope the trend reverses while crypto furthers into mainstream view and is adopted more regularly which will pave the way for great competition for funding seed rounds or even more distributed crowd-funding outcomes.
In a world where everyone and everything is connected, surely this is not what we had in mind?

"“It was a bright day in April, and the clocks were striking thirteen.”"

Chainalysis has services for governments to "Leverage pattern recognition, machine learning and open source references to identify suspicious activity across billions of cryptocurrency transactions." and imagine if authoritarian governments use it to track legitimate uses. Or a country where crypto is illegal, the government can use Chainalysis (who could partner with exchanges) to track who is using it and punish them. I hope they don't work with governments like China, Iran, Egypt, Saudi Arabia, Pakistan, Syria, North Korea, Myanmar, Indonesia, Syria, Chad etc where either using Bitcoin is illegal or they're authoritarian, corrupt regimes. Most of the above aren't even sanctioned by OFAC.
Imagine the Chinese government using this on their citizens given their corruption, random kidnappings and threats. Even the former Chief of Interpol wasn't safe. Or the Egypt Government sentencing an activist for 2 years for merely publishing a critical post on social media. Or activists getting charged with "contact with foreign entities with the aim of undermining the country’s stability and social fabric” for campaigning in Saudi Arabia.

IRS - The New Spooks?

The IRS also has a contract with Chainalysis to identify users and link them to transactions.
Here's a letter from a Chainalysis Co-Founder sent to the IRS, saying they have information on 25% of all Bitcoin addresses, and that was in, or before August 2017.
Transactions in Bitcoin are made with pseudonyms, which need to be tied to real world identities in order to gain insights about the parties involved in a transaction and their purpose. Our tool has information on 25 per cent of all Bitcoin addresses, which account for approximately 50 per cent of all the Bitcoin activity. We additionally have over 4 million tags on Bitcoin addresses that we have scraped from web forums and leaked data sources including dark market forums and Mt Gox deposit and withdrawal information.
Source: Fortune
It's scary how they use the word "need" and how much info they have "tagged."
Here's a document showing the contract between Chainalysis and the IRS.
The contract began during November 2015, where the first invoice amounted to $13,188 for a 12 month license to use Chainalysis' Reactor Investigator software.
What do you think? Are my fears valid? Will this be used against us in the future?
submitted by PrinceKael to CryptoCurrency [link] [comments]

What are we doing!

Over Christmas break, I traveled to couple countries, dubai, australia, kenya, and canada. When I was in dubai I happened to stop by an exchange center, changing over some mula to the local currency Dirhams. Right next to the exchange center, there was a western union store. The line up was unbelievable! people from india, bangladesh, pakistan, napel and others. As I went in the exchange center to exchange some money, I see another line up, a really long one, people handing over their cell phones (to give some code) and a personal id to the teller! and it hit me. These guys are not just an exchange center, but they also transfer money, and I thought to myself, what are we doing!? I go to kenya, and I see mpesa booths everywhere, and I mean every block, and I thought to myself, what are we doing!?
I think most of us focus on the wrong things when it comes to bitcoin. We need to start thinking how we can open booths anywhere to transfer value from A to B in countries that are not tech savvy but have the technical know how of using a cell phone. These booths don't have to scream bitcoin but use bitcoin.
There is a big big market out there that if tapped into, we will change lives.
I'm in no means a bitcoin expert but I'm a bitcoin enthusiast. So please don't hate, but contribute, help start a conversation, and lets build solutions for real life problems like remittances.
submitted by justfathi to Bitcoin [link] [comments]

US Equity Futures Slide After Euro PMIs Stumble; China, Crude Plunge

Returning from Thanksgiving holiday, US traders who braved record cold temperatures on their office commute are in a sour mood, with S&P futures sharply lower, following the latest sharp drop in Chinese stocks, where as noted earlier the Shanghai composite lost the 2,600 level, tumbling 2.5% to one month lows after the WSJ reported Trump asked allies to boycott China's telecom giant Huawei.

The news dragged Asian shares lower, while Europe was mixed after the latest disappointing PMI which saw German Manufacturing and Services miss expectations, dragging the Eurozone Manufacturing PMI to 51.5, missing expectations of a 52.0 print, a 30 month low and the weakest since print since May 2016, while the composite index tumbled to the lowest level in 4 years in November.

Contracts on the Dow, S&P and Nasdaq all pointed lower, after Chinese equities led regional declines in Asia, with the technology sector weak on concern the U.S. is ratcheting up a campaign against Huawei Technologies. The result was a sharp drop in the Shanghai Composite, which slumped to levels last seen in late October, wiping out the recent rally.

In European trading, the preliminary PMI data dented hopes of an economic rebound into year end, sparking a rally in bunds and gilts, while 10Y TSY yields dropped to session lows of 3.04% after Thursday’s Thanksgiving holiday. Euribor contracts pushed higher after officials flagged downside risks and data added to nerves ahead of the ECB’s December meeting. Meanwhile in Italy, BTPs printed fresh highs for the week on signs of a budget compromise. European equities were mixed, printing small gains after a steady open, largely ignoring trade war concerns, which weighed on Chinese stocks. Italy's FTSE MIB outperformed peers on renewed deficit discussion optimism and helping local banks rise over 1.5%. Technology and telecommunications stocks pared initial gains as equity gains are tempered by oil oversupply concerns, acting as a drag on energy/basic resources sectors

The dollar climbed and the euro reversed earlier gains as data showed German’s growth outlook weakened; the Euro slumped on renewed fears the slowing economy may delay any ECB balance sheet normalization while the pound handed back most of Thursday’s gains. In the latest Brexit news, Tory Brexiteer Iain Duncan Smith stated that the Brexit deal will be killed off by him and his Brexiteer colleagues in Parliament, while he is said to dismiss PM May’s efforts to adopt a tech solution to the Irish border problem and implied it is meaningless, according to ITV’s Peston.

Elsewhere, emerging market currencies and shares fell on renewed China trade concerns. Bitcoin declined and is on course to lose more than 20% this week.
Meanwhile, in commodities, WTI saw another sharp decline through $53, after energy minister Khalid Al-Falih said Saudi Arabia is producing oil in excess of 10.7 million barrels a day, more than in recent years, giving the strongest indication yet that the kingdom has boosted output to record levels. “We were at 10.7-something in October, and we are above that. We will know exactly when the month is over,” Al-Falih said. That said, he added that “we will not flood the market. We will not send oil that customers don’t need. And we’ve started doing that in December, and I expect we’ll continue doing that into the new year.”

The Organization of Petroleum Exporting Countries and allied producers warned earlier this month that oil markets will probably be oversupplied in 2019. Concerns that slower economic growth and a trade war could erode demand for oil are outweighing fears of potential shortages caused by U.S. sanctions on Iranian exports and supply disruptions elsewhere.
As a result, WTI has wiped out all modest gains observed in recent days, and was trading back at 1 year lows headed for its 7th weekly drop.

Falling energy prices are just one of several indicators that concern investors about the strength of global economic growth. Meanwhile, political turmoil in Europe, lingering uncertainty over a Brexit agreement and a trade war that’s engulfed the world’s biggest economies add to nervousness according to Bloomberg. Slowing growth is one of several prospects in the U.S. that may lead Federal Reserve to more caution in 2019 should they raise rates next month.
Elsewhere, base metals decline with LME copper 1% lower. EUR offered after PMIs to trade weakest levels this week, cable declines on broad USD strength.
In overnight geopolitical news, North Korea appeared to be expanding operations at its main nuclear site, according to the IAEA, while there were also reports that atomic agency inspectors are said to be demanding North Korea allow nuclear inspectors back into the country amid reactor activity concerns. China is to reportedly resume the purchase of Iranian oil in November after their waiver.
Expected data include PMIs. No major companies are scheduled to report earnings.
Market Snapshot
Top Overnight News from Bloomberg
Asian stocks traded mostly lower with sentiment in the region subdued by trade concerns and holiday-thinned conditions in the US, while Japan and India also observed public holidays. ASX 200 (+0.4%) was positive with the index supported by strength in its top-weighted financials sector amid gains in Australia’s largest banks after Macquarie pulled-off a rarity at the banking royal commission in which it emerged unscathed and with its reputation enhanced. Elsewhere, Shanghai Comp. (-2.5%) and Hang Seng (-0.4%) were negative amid ongoing trade uncertainty as China responded to the recent trade report by the US, in which it dismissed the accusations of unfair trade practices as groundless and totally unacceptable. In addition, the US called for its allies to stop using Huawei equipment and weak earnings results from Meituan Dianping in which the online service provider’s losses ballooned, further added to the glum. China responded to the recent US report in which it labelled the accusation by the US of China continuing with unfair trade practices as groundless and totally unacceptable, while it added that it hopes US drops rhetoric and behaviour that are damaging to relations.
Top Asian News - China’s Capital Controls Keep a Bad Year From Getting Worse - The World’s Best and Worst Markets Are Both in China This Year - China Railway Unit Said to Be Planning 30 Billion Yuan IPO - Apple to Offer Japan Carriers Subsidy to Up iPhone XR Sales: WSJ
After opening with little in the way of firm direction amid holiday thinned markets (US, Japan and India), European equities have posted modest gains with the EuroStoxx 50 higher by 0.2%. Leading the charge in Europe is the FTSE MIB (+0.6%) with Italian assets underpinned by optimism that the populist government could reign in some of their budgetary demands with reports suggesting that the EU Affairs Minister Savona could step down from his position (later denied) due to dissent over Italy’s intentions to violate EU budget laws. This also comes amidst a backdrop of increasing pressure from President Mattarella who wants the technocratic PM Conte to get a deal done with the EC, whilst other Italian press report highlight the need for Italy to increase the sincerity of Italy’s concessions to Europe. In terms of sector specifics, upside in Italian banking names has helped spur gains in European financials with the telecoms sector outperforming. To the downside, energy names lag, in-fitting with price action in the complex with crude seemingly unable to stem recent losses. Individual movers include Renault (+4.2%), who have been granted some reprieve from recent losses following a broker upgrade at Jefferies and as Nissan continue to reorganise their corporate leadership. Elsewhere, GEA Group (-14.3%) are lower after cutting guidance whilst Altice (-9.8%) continue to face selling pressure following yesterday’s disappointing market update
Top European News
In currencies, the Dollar has benefited from the aforementioned relative weakness elsewhere, and the index is holding nearer the upper end of 96.394-751 parameters as a result, and on course to end the holiday-shortened week with a net gain, albeit modest having traded up to 96.898 and down to 96.037 at the other extreme. the Euro was not the most discounted major currency on offer, but cut price in wake of considerably weaker than forecast preliminary PMIs from France, Germany and the Eurozone overall. The single currency is now under 1.1400 vs the Usd and has broken the 10DMA to the downside at 1.1356, with fibs now being eyed ahead of 1.1300, while pivoting 0.8850 against the Gbp even though Sterling is also suffering in sympathy and jittery on Brexit issues following initial euphoria due to the UK-EU Political Declaration. CAD/NZD/AUD - Also going relatively cheap and underperforming against their US peer, with the Loonie back below 1.3200 amidst an even steeper slide in crude prices ahead of Canadian CPI and retail sales data. Meanwhile, the Aud has retreated through 0.7250 again and hardly helped by overnight developments as ANZ revised its RBA outlook to unchanged until August 2020, and the ASIC launched a probe of CBA for the alleged mis-selling of insurance products. Similarly, the Kiwi has lost grip of 0.6800 amidst speculation that the RBNZ could loosen mortgage restrictions as part of its FSR due next week. GBP - As noted above, the Pound has lost a bit more positivity after Thursday’s rally on the draft PD reached by Brexit negotiators given a mixed reaction to the details in UK political circles and ongoing doubt about approval by EU leaders. Cable is back below 1.2850 vs circa 1.2900 at best yesterday, albeit ‘comfortably’ above the recent 1.2785 low with decent bids noted at 1.2800. EM - Some consolidation at the end of a solid week for the likes of the Zar and Try that have both made potentially significant breaks of key levels at 14.0000 and 5.3000 vs the Usd respectively due to a combination of bullish technical and fundamental factors, ie the SARB ¼ point hike yesterday.
In commodities, WTI (-4.3%) and Brent (-2.6%) are on track for their seventh weekly loss with WTI prices briefly breaching the USD 52.00/bbl level to the downside while Brent lingers just above USD 61/bbl. Some traders are citing the recent decline to technical factors, while Saudi Arabia signalled that its output may have reached a record high of above 10.7mln BPD, and the kingdom’s Energy Minister Al-Falih noted that demand for oil will be lower in January 2019 compared to December 2018. This comes amidst the backdrop of this week’s EIA data which showed that US production remained at a record high of 11.7mln barrels, the most since at least 1983; according to government data. Therefore, the complex is suffering from a double whammy with supply glut concerns and weaker demand concerns weighing on traders’ minds. Oil fell into bear market territory this month after the US granted temporary waivers to eight countries in regard to Iranian oil, in turn pouring cold water on some supply concerns, while sources emerged this morning noting that China are to resume the purchase of Iranian oil in November after their waiver. Some analysts highlighted that due to complications over insurance, shipping and payments, it may take until February or later until some of Iran’s largest buyers such as South Korean and Japan resume purchases.
Elsewhere, gold (-0.4%) prices saw some downside after the yellow metal felt pressure from the firmer USD and copper weakened amid underperformance in China alongside a decline in Chinese commodity prices. Furthermore, China’s Dalian Exchange are to relax their risk management restrictions on some futures in an attempt to attract more investors to boost liquidity given the recent slump in iron ore prices.
US Event Calendar


submitted by rotoreuters to zerohedge [link] [comments]

How to Exchange Bitcoin and Perfect Money USD to Easypaisa and Pakistani Bank What is Bitcoin? Understand in Pakistani way! Top 10 Best Cryptocurrency Exchanges in 2019 How to Buy Ethereum in Pakistan EXCHANGE ANY CRYPTO TO JAZZCASH EASYPAISA  EXCHANGE PM BTC ETH BCH LTC SKRILL PAYPAL

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How to Exchange Bitcoin and Perfect Money USD to Easypaisa and Pakistani Bank

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