Originally Posted by BossChief:
Luckily, I sold half my holdings on January 12th when it was 1258 per coin and then pulled my original investment out when it got down to 933 on feb 2.
I’ve turned the rest of the profit that I’ve kept in GDAX from 8.5 ether coins to 11.27 currently hoping I can make that 14 or 15 and that it will recover to 7-900 by July.
Back up to 755 for Ethereum...got up to 830 or so a couple days ago and it’s correcting right now.
Had my coins up to about 13.5 and then missed on a trade and didn’t realize it for a couple days which brought me back down to almost where I started when I posted this. Still almost 12 Ethereums worth of straight profit. Not bad.
Hopefully it keeps riding the momentum all the way back to 1500. [Reply]
May 24, 2018 -- ADVFN Crypto NewsWire -- It just might finally be true that the “Wild West” of Crypto is coming to an end. Bloomberg, Coin Telegraph, as well as other news outlets, reported today that the U.S. Department of Justice has officially launched an investigation into the price manipulation of Bitcoin and Ethereum.
Many of us might be saying that it’s been a long time coming. It’s true that the only ones who should be afraid are those who have been skirting the rules including people who have been joining “Pump and Dump” groups on Telegram and other apps like Discord.
The first outlet to break the news about the investigation was Bloomberg, which cited four specific critics who chose to remain nameless, though they made sure to state that they believe that skirting the law is a normal state of the Crypto market.
It should be made clear that the investigation is meant to be wider reaching than simply looking into “Pump and Dump” groups. Reports state that it will look into just about any activities that could affect market prices, in theory.
Prime examples of this include spoofing or activities like creating bots to fill the exchanges with orders that aren’t even real. “Pump and Dump” groups may be thought of as connected to this because of what Bloomberg’s report says about anything that fraudulently influences market movement being investigated.
The Justice Department is working with the Commodity Futures Trading Commissionon this, whom some of you already know as the employer of Chris Giancarlo, who serves as its chairman and doesn’t blindly stand against Cryptocurrencies.
The two organizations will use past examples of fraudulent activities in markets like the futures and equities markets, in their current efforts. The only difference will be that everything will be considered, of course, in the decentralized and often anonymous context of the Blockchain world.
Bloomberg even suggested that the investigation could be wider than only Bitcoin and Ethereum and the CFTC as well as the Department of Justice could be keeping further details close, on purpose. All in all, it seems like concrete regulations could finally be coming.
Still, overall, it’s logical to wonder how much they can actually do. The CFTC reportedly cannot yet fully regulate crypto markets but what it can do is enact sanctions against digital currencies if it proves fraud in any way. If you are a Crypto investor as of now, as this all moves forward, now just might be as good a time as any to HODL.
May 24, 2018 -- ADVFN Crypto NewsWire -- It just might finally be true that the “Wild West” of Crypto is coming to an end. Bloomberg, Coin Telegraph, as well as other news outlets, reported today that the U.S. Department of Justice has officially launched an investigation into the price manipulation of Bitcoin and Ethereum.
Many of us might be saying that it’s been a long time coming. It’s true that the only ones who should be afraid are those who have been skirting the rules including people who have been joining “Pump and Dump” groups on Telegram and other apps like Discord.
The first outlet to break the news about the investigation was Bloomberg, which cited four specific critics who chose to remain nameless, though they made sure to state that they believe that skirting the law is a normal state of the Crypto market.
It should be made clear that the investigation is meant to be wider reaching than simply looking into “Pump and Dump” groups. Reports state that it will look into just about any activities that could affect market prices, in theory.
Prime examples of this include spoofing or activities like creating bots to fill the exchanges with orders that aren’t even real. “Pump and Dump” groups may be thought of as connected to this because of what Bloomberg’s report says about anything that fraudulently influences market movement being investigated.
The Justice Department is working with the Commodity Futures Trading Commissionon this, whom some of you already know as the employer of Chris Giancarlo, who serves as its chairman and doesn’t blindly stand against Cryptocurrencies.
The two organizations will use past examples of fraudulent activities in markets like the futures and equities markets, in their current efforts. The only difference will be that everything will be considered, of course, in the decentralized and often anonymous context of the Blockchain world.
Bloomberg even suggested that the investigation could be wider than only Bitcoin and Ethereum and the CFTC as well as the Department of Justice could be keeping further details close, on purpose. All in all, it seems like concrete regulations could finally be coming.
Still, overall, it’s logical to wonder how much they can actually do. The CFTC reportedly cannot yet fully regulate crypto markets but what it can do is enact sanctions against digital currencies if it proves fraud in any way. If you are a Crypto investor as of now, as this all moves forward, now just might be as good a time as any to HODL.
By: BGN Editorial Staff
While there is price manipulation in those markets, the real pump and dump and where this really comes into play is the smaller coins. [Reply]
Originally Posted by Jewish Rabbi:
Nope, we may as well be buying beanie babies and we’re all going to lose everything. /every (envious) asshole that I work with
Bitcoin price plunges after cryptocurrency exchange is hacked
Security fears rise as South Korea’s Coincheck loses about £28m of virtual currency
There has been a sharp drop in the price of bitcoin and other virtual currencies after South Korean cryptocurrency exchange Coinrail was hacked over the weekend.
A tweet from Coinrail confirming the cyber-attack sent the price of bitcoin tumbling 10% on Sunday to two-month lows.
The world’s best-known cryptocurrency lost $500 (£372) in an hour, dropping to $6,627 on the Luxembourg exchange Bitstamp, while most other digital currencies also recorded large losses.
The latest attack highlights the lack of security and weak regulation of global cryptocurrency markets.
Coinrail later said in a statement on its website that its system was hit by “cyber intrusion” on Sunday, causing a loss for about 30% of the coins traded on the exchange. It did not quantify the value, but the local Yonhap news agency estimated that about 40bn won (£27.8m) worth of virtual coins was stolen.
Coinrail said: “Seventy percent of total coin and token reserves have been confirmed to be safely stored and moved to a cold wallet [not connected to the internet]. Two-thirds of stolen cryptocurrencies were withdrawn or frozen in partnership with related exchanges and coin companies. For the rest, we are looking into it with an investigative agency, related exchanges and coin developers.”
Police have begun an investigation, according to the Korea Herald, which cited a spokesperson as saying: “We secured the access history of Coinrail servers and we are in the process of analysing them.”
Bitcoin was trading at about $6,750 on Monday afternoon – down from an all-time peak of almost $20,000 in the week before Christmas. In February, it fell to $5,900.
South Korea is one of the world’s major cryptocurrency trading centres, and is home to one of the busiest virtual coin exchanges, Bithumb.
There have been a series of thefts from cryptocurrency exchanges in recent months. Japan’s Coincheck was hacked in January, with more than $500m-worth of digital currency stolen. It started reimbursing customers in March, but faces two class-action lawsuits. In December, the South Korean exchange Youbit shut down and filed for bankruptcy after being hacked twice.
Naeem Aslam at online trading platform ThinkMarkets said: “The question is: is there any limit to these hacks? After every few months, we are seeing the same pattern emerging. This is the result of loose regulatory control and regulators must step in to protect the consumers. Anyone who wants to do anything with exchanges should be forced to adopt high-grade security and regular security upgrades.”
The Wall Street Journal (£) reported on Friday that US regulators were investigating potential price manipulation at four major cryptocurrency exchanges. The investigation comes six months after CME Group launched bitcoin futures. Coinbase, Bitstamp, itBit and Kraken have been asked to share trading data related to the futures contracts.
Analysts said bitcoin volatility was fading, after the price increased threefold between mid-November and mid-December. David Jones, the chief market strategist at trading platform Capital.com, said this was driven by increased publicity as bitcoin went from being a niche IT interest to becoming mainstream, but added that the hype has now gone.
He noted that Facebook and Google had banned cryptocurrency adverts. “Plenty of latecomers to the cryptocurrency rally have had their fingers burnt, have taken their losses (or are still sitting on them) and have vowed never to return,” Jones said. “Activity amongst the wider public has slowed. Arguably, the introduction of a listed futures contract for bitcoin has also calmed the wilder market moves.”
Originally Posted by BryanBusby:
Good, **** them assholes for wrecking the hardware market.
x2
Though I was looking at gpu's on amazon last night, the 1080 and 580 cards are coming down in price quite a bit. Don't know if it's permanent but much better than it has been since these fuck sticks started in. [Reply]
