Click here to get Bjj Abs 101 at discounted price while it’s still available…
Click here to get Bjj Abs 101 at discounted price while it’s still available…
Bitcoin price may now see sideways action for a few months after breaking through crucial multi-year resistance at $12,000. Source link
Author: Sun Oct 25 , 2020
Kraken Daily Market Report for October 25 2020
Ever since Facebook announced its plans to create a digital payment currency dubbed Libra, central bankers have tried to counter it with an invention of their own.
While Libra is facing regulatory troubles, a BIS report indicated that over 80% of the world’s central banks are currently developing a central bank digital currency (CBDC).
The idea and purpose of a CBDC are fundamentally different than everything Bitcoin stands for. As such, the community has been speculating on possible consequences for the primary cryptocurrency. Will a government-owned digital currency harm BTC’s role in the online world, or will it simply set the stage for its grand entrance?
The CBDCs will represent the cash bills that we use every day, but, as the name suggests, they will be digital-only. There’re still many unknown factors regarding their developments. Which country will be first, what technology will they use, will CBDCs be for retail payments or not?
These questions will eventually receive their answers. However, most people fear that the introduction of a CBDC will give governments absolute control to track, approve, or suspend all future payment transactions.
Authorities have justified this potential constant surveillance by claiming that they will be able to reduce and even eliminate illicit activities, such as money-laundering.
On the other hand, concerns have emerged within the community that the inevitable launch of a CBDC will harm the industry and its most-well known representative – Bitcoin.
Binance CEO Changpeng Zhao (CZ) recently predicted that a well-designed CBDC could “become a threat” for the first-ever cryptocurrency. He highlighted that most such currencies will be very centralized and won’t provide the same freedom as Bitcoin.
Consequently, world governments will push their own inventions further while be inclined to reduce the role of something as decentralized as BTC.
Bitcoin’s whitepaper described it as an “electronic peer-to-peer cash system.” However, having tons of competition backed by the world’s superpowers could indeed decrease its role. It could be especially harmful if the CBDCs enable cheaper and faster transactions than BTC.
Additionally, their value won’t fluctuate as much as Bitcoin’s. This may be another reason why people would prefer sending or receiving a currency that won’t lose any value by the time the transaction is complete.
On the other hand, there’s the narrative that when CBDCs arrive, they could only open the door for Bitcoin. Major cryptocurrency manager Grayscale Investment recently argued that when launched, CBDCs may “accentuate Bitcoin’s role in the global digital economy.”
This is partly because people would have to become familiar with the digital payment infrastructure, which hasn’t been necessary so far. By educating themselves on the matter, people would be able to find the significant differences between Bitcoin and the government-owned digital currencies.
“Bitcoin is special not because it is digital, but because Bitcoin is a scarce, uncompromising, apolitical currency that is open for anyone to use.”
If one assumes that the first scenario comes into reality and Bitcoin stops serving as an electronic peer-to-peer cash system, that doesn’t necessarily mean that it will have no value to society.
Instead of being used to transfer funds from one address to another, BTC may become what many others have argued for years – a store of value.
After all, Bitcoin shares several similarities with the most-widely accepted store of value asset – gold, such as scarcity. The two assets’ price performance has also resembled each other lately. The COVID-19 financial crisis only accelerated their increased correlation.
Even the US Federal Reserve Chair Jerome Powell compared the two and noted that both are a speculative form of a store of value.
Another believer in this thesis is Fidelity’s cryptocurrency arm – Fidelity Digital Asset. In a report compiled earlier this year, the company named Bitcoin an “inspirational store of value.”
So, If BTC is indeed to fail as an online payment resource because of CBDCs, it’s unique setup could prompt it to another, perhaps even a more critical role in today’s (digital) world.
Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).
Author: Published 16 hours ago on October 25, 2020
By Republished by Plato
Avoid The highest 10 Canadahq Link Errors – Aries Taurus Online Store
Fresh research by cybersecurity company, Cyble Research Team, claims on May 29, info for over 80, 1000 credit cards were set up for sale upon the dark web. The information from these cards offers been gathered from numerous countries around the entire world. According to the story, the information leak involved credit rating card details from different countries, including the United Claims (33K), France (14K), Quotes (5K), United Kingdom (5K), Canada (2K), Singapore (1. 2 K) and Of india (1. 3K). They consist of both Visa and Master card, according to the info collected by Cyble. Typically the price of each bank card, which includes the title of the cardholder, CVV code, and expiration day, is $5 per device, paid in crypto. This specific price is regardless regarding each card’s value. Records address info leaked within the data remove In accordance to the research, the particular country classification was launched due to the drip of billing information. This specific info included each cards holder’s address, making this easier to the cybersecurity firm to establish the nation roots of each card. It is not necessarily clear where the cyber criminals stole the data through, but Cyble believes of which it could have are derived from a phishing website or perhaps an online store that will the hackers had handled to breach. Cyble made a search engine thus people could check no matter if their personal information seemed to be leaked for the dark web. Within total, their database includes over 40 billion data.Hackers move to offer stolen data on the particular dark web. The study will come after the cybersecurity organization identified and reported one more massive data breach, which often involved over 47. five million Indian Truecaller documents for sale on typically the dark web for only dollar 1, 000. Cointelegraph described on May 15 of which anonymous hackers had used the data of above 129 million Russian vehicle owners and exposed that on the darknet inside exchange for cryptocurrencies this sort of as Bitcoin (BTC). A new group of hackers furthermore breached the Ethereum. org forum and allegedly set the database for the particular three most-popular crypto challenging wallets up for purchase.
Really one of the most significant global dark web takedowns in order to date: 179 arrests distributed across six countries; five-hundred kilograms of drugs gripped; $6. 5 million throughout cash and cryptocurrency confiscated. And while it had been announced today, Operation Disruptor traces its roots again to May 3, 2019. That’s the day of which German police seized Inventory market Market, the well-liked underground bazaar that offered international authorities everything that they needed to upend typically the dark web drug trade. Is actually unclear how big a new dent or dimple Functioning Disruptor will make in the long term; the dark web drug industry tends to bounce back again, even after the high-quality collapses of marketplaces such as the Silk Road and even AlphaBay. But even in the event that police is playing an endless game of Whac-A-Mole, really a minimum of gotten extremely experienced at whacking. In the particular US, Operation Disruptor takes on out across dozens regarding court papers and close to 120 arrests. In Iowa, members of your group acknowledged as PillCosby were billed with mailing out above a million pills lace-up with fentanyl. Prosecutors inside Washington, DC, allege of which David Brian Pate hidden thousands of OxyContin, Xanax, and morphine pills inside of souvenir maracas. A druggist in Nebraska allegedly prepared to firebomb a regional competitor after stealing their particular opiate supply, in services of what officials claim was his booming drugs trafficking business. What these kinds of cases, along with typically the a large number of arrests across The european countries, share is that typically the investigations largely stem through last year’s Stock industry Market takedown. At the particular time, German authorities imprisoned the site’s alleged providers and a pair associated with its most prolific distributors. Europol confirmed to SENT today that it has been also able to restore the Wall Street Marketplace backend server, providing fascination with the invaluable trove associated with evidence. “It provided us all with all the current information which guided to the identification involving those arrested today, inches says Europol press official Claire Georges. “We collated the information and in that case we sent out precisely what we call intelligence plans to all the involved countries. Basically it’s details or documents where many of us say, look, we understand this person in the region has done this, you really should open an investigation. inches Georges says also that will there are more busts to come. While introduced as a package nowadays, the arrests in the particular US have trickled via over the last a number of months. Inside a press meeting Tuesday morning, DEA operating administrator Timothy Shea especially called out Arden McCann, allegedly generally known as RCQueen, DRXanax, and other aliases around numerous dark web markets. Imprisoned earlier this year, McCann allegedly shipped over ten 2kilograms of fentanyl and even over 300, 000 fake Xanax pills every 30 days. “In some ways this kind of is just the perfect-storm mix of traditional criminal action of a large variety of sizes merging together with this more sophisticated technological innovation, ” FBI director Captain christopher Wray said at Tuesday’s press conference. “But the actual of today’s announcement would it be doesn’t matter where an individual head to try to perform it or how you will try out to hide it, we are going to coming for you. inch Which has increasingly seemed in order to be the case. The particular Wall Street Market seizure is simply not the first or even even most devastating rules enforcement takeover of a new dark web storefront. In 2017, Dutch police took management of Hansa, a thriving darknet market, and typically the FBI shut down AlphaBay, an even larger competition. While displaced AlphaBay customers flocked to Hansa intended for their fix, Dutch specialists spent weeks logging their own activity, including many regarding their home addresses.Typically the takedowns and seizures inevitably have a cumulative impact. “These people don’t only work on one marketplace, they cover the complete spectrum of the dark web, ” says Europol’s Georges.In the US, typically the arrests fell under typically the DOJ’s Joint Criminal Opioid and Darknet Enforcement staff, which includes investigators through FBI and the Unified States Postal Service. J-CODE’s most recent operation, known as Sabotor, resulted in sixty one arrests announced in Drive 2019.What remains in order to be seen is truly dark web drug buyers simply will find new providers, especially since Operation Disruptor targets individual vendors quite than entire marketplaces. From the very least, even though, Tuesday’s announcement may offer aspiring dark web vendors stop, as it only gives to law enforcement’s reputation cutting through supposedly private corners of the net. “We have very innovative people who find themselves themselves very impressive in the law and employing a variety of resources to catch people which think they can cover in the dark net, very well Wray said at Tuesday’s press conference. The FEDERAL BUREAU OF INVESTIGATION director declined to review on specific techniques.
Should you cherished this article and you would like to be given more details concerning https://thegambleis.com/humor/618838 kindly visit our own web-site.
Cybercrime task force monitoring the global digital financial system
The United States faces a growing threat of transnational cybercrime, particularly against its financial system. In what may be the largest prosecution of its kind in U.S. history, the U.S. Department of Justice has charged Texas tech billionaire Bob Brockman in a 39-count indictment with evading $2 billion in taxes. The businessman used encrypted devices and code words to conceal his wire fraud, tax fraud and money laundering within a network of offshore entities and bank accounts.
As the CEO of Reynolds and Reynolds Co., Brockman contributed 6.4% to the United States’ current annual deficit of $3.1 trillion — more than double the previous record of $1.4 trillion set bailing out the 2007–2008 credit crisis. Aside from Brockman’s tax fraud, the COVID-19 pandemic has deepened the debt, as both shrinking revenues and heightened spending intensify along with rising daily coronavirus infections, which have now hit 8 million people in the U.S. and 39 million worldwide.
In recent years, cyber and traditional finance crimes have been intersecting at pace, particularly since the start of the COVID-19 pandemic. In an effort to address the growing issue, the U.S. Secret Service merged its Electronic Crimes Task Force and Financial Crimes Task Force into a single unified network dubbed the Cyber Fraud Task Force, with offices in both the U.S. and Europe.
The Cyber Fraud Task Force, or CFTF, was created amid Washington lawmakers supporting legislation that aims to return the Secret Service from within the Department of Homeland Security back to the Treasury Department in order to more effectively investigate cyber-related financial crimes.
As U.S. Attorney General William Barr in the U.S. Department of Justice’s 83-page report, titled “Cryptocurrency Enforcement Framework,” explained:
“Current terrorist use of cryptocurrency may represent the first raindrops of an oncoming storm of expanded use that could challenge the ability of the U.S. and its allies to disrupt financial resources that would enable terrorist organizations to more successfully execute their deadly missions or to expand their influence.”
Related: Darknet, cryptocurrency and two intersecting health crises
The report was released shortly after the DoJ and the Commodity Futures Trading Commission announced criminal charges and concurrent civil action against directors and entities related to BitMEX, a well-known trading platform for crypto futures contracts and other crypto derivatives that failed to register with the CFTC as a Futures Commission Merchant and implement proper Anti-Money Laundering measures.
Related: The case against BitMEX is a compass pointing toward the future of crypto regulation
The “Cryptocurrency Enforcement Framework” report is the second of its kind issued by the Attorney General’s Cyber-Digital Task Force, which was established in February 2018. It lays out the DoJ’s policy formulation in a number of critical areas, including cybersecurity, cross-border data transfers and protection, emerging technologies, cryptocurrency and encryption. It serves as a guide to shape the future vision of U.S. authorities and regulators toward cryptocurrencies as well as details the various ways that cryptocurrency is susceptible to abuse. The report indicates a shift in the DoJ’s perspective in that it recognizes digital assets’ several legitimate uses — a far cry from the department’s previous perception of cryptocurrency use as a red flag for money laundering and criminality. The report rather recognizes cryptocurrency as a legitimate instrument of commerce with law enforcement challenges like any other means of exchange.
Related: Not like before: Digital currencies debut amid COVID-19
The report is divided into three parts: an overview of the cryptocurrency space and its illicit uses; the laws and regulatory agencies that oversee the space; and the current enforcement challenges and potential strategies to address them.
In the first part of the report, the DoJ outlines the legal and illicit uses of cryptocurrency and addresses the emergence of the “next phase of the internet’s evolution,” known as Web 3.0, which will allow users to have greater control in protecting their digital financial information, transactions and identity from companies and governments.
In conjunction with this, the report indicates that DeFi applications, privacy coins, peer-to-peer exchanges and encrypted dark markets could continue to inhibit legitimate supervision and investigation while simplifying the noncompliance of regulations for Anti-Money Laundering and counter terrorism financing, as set by the Financial Action Task Force. The report also describes the roles and responsibilities of other agencies with oversight or enforcement power in the space, including the Financial Crimes Enforcement Network, the Office of Foreign Assets Control, the Office of the Comptroller of the Currency, the Securities Exchange Commission, the CFTC, the Internal Revenue Service, the Central Intelligence Agency and the National Security Agency.
In the third part of the report, the DoJ points out that its enforcement actions are aligned with an international focus to increase AML accountability and broad jurisdiction over cryptocurrency trading platforms.
It explains that the DoJ’s cross-border reach can be quite broad, since a jurisdictional nexus exists when the aim of a criminal activity is to cause harm inside the U.S., to U.S. citizens, or to the interests of either one, even if the individuals committing criminal activity are noncitizens acting entirely abroad. The report goes on to explain that the cross-border nature of cryptocurrency transactions — particularly those utilizing “mixing,” “tumbling” or “encryption” services, which run afoul of U.S. money laundering restrictions — leads to compliance gaps, inconsistent regulations and “jurisdictional arbitrage,” or when participants move virtual assets to jurisdictions where authorities lack regulatory frameworks to support investigations.
Related: Meet DoJ’s crypto czar: Expert take
Cross-border links between terrorism and cryptocurrency-related cybercrime underscores the need for a coherent global response. Currently, the U.S. is part of the Joint Cybercrime Action Taskforce, which collaborates with Europol’s European Cybercrime Centre, the European Commission, and the heads of the National Cybercrime Units of EU Member States. The latter has also established the European Union Cybercrime Task Force to develop and promote a harmonized approach across the EU for tackling cybercrime and the criminal misuse of information and communication technology.
According to Europol’s “Internet Organized Crime Threat Assessment 2020” report, privacy-enhancing cryptocurrency wallets, coins and open marketplaces were named as “top threats” for cybercrime, with Monero emerging as a favored transaction tool on the darkweb.
Related: COVID-19 pandemic spurs crypto law updates in J5 countries
Following a policy study that outlines recent developments regarding crypto assets and addresses key regulatory risks from the increase in digital opportunities within the financial sector, the European Commission published a proposed regulation on digital operational resilience for the financial sector and a new proposed directive that amends certain pieces of existing EU financial services legislation to strengthen resilience in digital operations and provide legal clarity on crypto assets.
Published shortly before the DoJ’s report was released, the proposed regulation and directive will form part of the EU’s measures on digital finance for supporting innovation in the sector while mitigating risks. The commission published the EU Digital Finance Strategy, which sets out key priorities for digitally transforming the EU’s financial sector over the coming years, along with a proposed regulation on a pilot regime for distributed ledger technology market infrastructure. The latter will provide detailed rules at the jurisdictional level for comprehensive and harmonized legislation governing distributed ledger technology.
The views, thoughts and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.
Selva Ozelli, Esq., CPA, is an international tax attorney and certified public accountant who frequently writes about tax, legal and accounting issues for Tax Notes, Bloomberg BNA, other publications and the OECD.
Author: by admin
Privacy-Focused Brave Users Can Now Purchase Bitcoin Cash Through Bitcoin.com | Promoted Bitcoin News
The Many Facts Pointing to Paul Le Roux Being Satoshi Nakamoto
Philippines Regulator Warns Investors to Steer Clear of Mining City’s Bitcoin Vault Ponzi
Fidelity Digital Assets Touts Bitcoin Credentials, As Publicly Traded Companies Now Hold Over 600,000 BTC
Shariah Compliance Expert Says Cryptocurrencies Are Legit Commodities
Cryptocurrency ETFs: SEC Wants to Facilitate Tokenized Products
Cashfusion Use Increased by 328%, $200M in BCH Fused and Close to 20,000 Fusions
FSB Report Says Stablecoins Promote Financial Inclusion: Urges Regulators to Tighten Laundering Controls
Bitcoin Adoption Soars in Turkey Amid High Inflation, Lira Hitting Record Low
The Great Financial Reset: IMF Managing Director Calls for a ‘New Bretton Woods Moment’
Rare Batman NFT Digital Art Collection Sells for Record 540 Ether
Peter Schiff’s Euro Pacific Bank Under Investigation by Tax Authorities in 5 Countries
Monetary Stability: The IMF and Fed Chair Jerome Powell Discuss Digital Currency Implications
An Ethereum VR Game Featuring Atari and Care Bears Sells Plots of Virtual Land for $76K
Macro Investor Dan Tapiero on Crypto Adoption: Emerging Economies Ahead of Developed States
Bitcoin Proponents Bemoan Joe Biden’s Proposed Capital Gains Hike
Payments Giant Paypal Says Its Customers Can Now Buy and Sell Bitcoin
Hackers Donate Bitcoin From Ransomware Attacks to Charities
Institutions Long and Hedge Funds Short: Bitcoin Options Traders Prep for ‘Big Moves’ Ahead
$10 Billion in BTC Reserves: Companies With Bitcoin Treasuries Command Close to 4% of the Supply
‘Bitcoin’s No Longer Optional’ — What Investors Say About Paypal Launching Crypto Services
Goldman Sachs to Settle Massive Corruption Case for $2.8 Billion With US Government
Grayscale Adds $300 Million in Cryptocurrency Assets Under Management in Just 24 Hours
8 Countries Stricken With Rampant Inflation See Bitcoin Prices Touch All-Time Highs
Mastermind of Alleged Billion Dollar Spanish Pyramid Scheme Arrested, Faces 16 Year Prison Sentence
Paypal’s Crypto Embrace: Morgan Stanley Says Move Boon for Mass Adoption, Critics Say Payment Giant Violates Crypto Principles
China Drafts Law to Legalize Digital Yuan, Outlawing Competitors
Billionaire Paul Tudor Jones Sees Massive Upside in Bitcoin, Like Investing in Apple or Google Early
How I Would Invest $1000 in Cryptocurrency in November 2020 | Crypto Portfolio w/ EllioTrades
What is the best cryptocurrency investment in November 2020? What is the best way to allocate a cryptocurrency portfolio for a newbie? Elliot of @EllioTrades Crypto joins us to discuss cryptocurrency investing into 2021! *Not Financial Advice
Watch the full conversation: https://youtu.be/EuL8LczOEH8
Should I buy bitcoin or ethereum? Is ethereum a good investment? Is chainlink a good investment?
Altcoin Daily, the best cryptocurrency news media online!
#Bitcoin #Cryptocurrency #Invest #Crypto #TheFed #News #Litecoin #Cardano #Ethereum #DigiByte #Litecoin #Invest #Binance #Elastos #PundiX #Tron #IOTA #Ripple #XRP #Starbucks #StellarLumens #Google #Vechain #cryptocurrency #news #btc #eth #litecoin #marketanalysis #entrepreneur #business #success #investment #finance #bitcoins #StockMarket #BestCryptocurrency
***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST ENTERTAINMENT! USE ALTCOIN DAILY AS A STARTING OFF POINT!
This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research.
bitcoin, cryptocurrency, crypto, altcoin, altcoin daily, blockchain, news, best investment, top altcoins, ethereum, best altcoin buys, 2020, top altcoins 2020, bitcoin crash, xrp, cardano, chainlink, ripple, buy bitcoin, yearn finance, bitcoin price prediction, Cryptocurrencies, cryptocurrency news, cryptocurrency news media, cryptocurrency investing, October 2020, best investment 2021, elliotrades, fud tv, best cryptocurrency portfolio 2021, cryptocurrency investment in November 2020,
Author: by admin