Hundreds of folks ready to sue Bitcoin exchange MtGox ...

Great news! Bitfloor USD withdrawals now open.

For those who haven't seen it, Roman just posted the update we've all been waiting for on bitfloor.com:
We are pleased to announce that we are ready to start returning USD funds. Please follow the instructions on the withdraw page. If your account balance is over 3000 USD, you must first open an account with IAFCU and then provide your IAFCU account number.
=== === ===
Update July 6, 12:56 PM Pacific: I'm already getting emails and seeing responses here about various login/withdrawal/balance-related issues. I imagine it may take a few days for all the ins and outs of the refund process to become clear to all of us. If you are experiencing USD withdrawal-related issues (such as $0 balance showing up on your account when you know you had a positive balance) that are not resolved by 7/12, please send me a PM or email and I will start tracking those issues and reporting them to those on the update email list. If you would like to be added to that list, PM me your email address.
Update July 6, 12:59 PM Pacific: sodoubleoggood reports that Bitfloor has removed all pending withdrawals, so for users who were seeing $0 balances due to pending withdrawals, check your account again to see if that's cleared up.
Update July 7, 10:36 PM Pacific: I have been receiving numerous reports of bugs and account access issues from users who are trying to submit their withdrawal requests. I am keeping track of these comments, but because Bitfloor just announced the refund process yesterday, I am asking everyone to give Bitfloor one more week (until 7/12) to start working through their backlog of customer support emails. If by the end of next week there does not appear to be progress, I will create a "master list" of issues reported to me and will use the email update list to communicate progress on those issues.
Update July 10, 2:18 PM Pacific: Understandably, a lot of people want to know when they're going to get their refunds now that they've submitted ID info to Bitfloor or IAFCU. I don't have any information from Bitfloor or IAFCU suggesting a specific timeline, but here are my thoughts on the matter.
Those in the < $3,000 camp will be wondering about the timeline for verification of docs uploaded via Bitfloor. In the last few days before the exchange shut down, document verifications were taking 5-10 business days, so I could imagine the process taking the same amount of time now (and maybe longer since hundreds of customers are re-submitting their documents all at the same time). I don't believe Bitfloor has a large staff doing this manual processing the way that MtGox does, so I don't expect Bitfloor can get through thousands of verifications a day like they do.
Likewise, people in the IAFCU camp may need to wait several days for a phone call. IAFCU is a very small credit union (and it may in fact be Jordan alone doing all account verifications), and if my spreadsheet represents, say, half of all Bitfloor users, IAFCU may have already received a couple hundred new applications in the last few days, each of which requires a telephone confirmation step (and possibly even a confirmation of a donation sent to a local charity). So I won't be surprised if it takes a few more days for IAFCU applications to get processed.
I know it's frustrating that it's taking so long. But I still think our best bet continues to be patience.
Update July 10, 10:42 PM Pacific: SpottedMarley from bitcointalk.org posted this message indicating that he has spoken to a person at IAFCU who is working on processing the new account applications. He includes a lot of interesting details.
=== === ===
Here's what's currently appearing after I log in to my Bitfloor account.
[Right-hand sidebar showing my BTC and USD balance]
[Left-hand content area with the following instructions:]
USD Refunds
In order to receive your USD refund, please read and follow the instructions below.
If your USD balance is 3000 USD or more, you must first open an account with IAFCU and provide your IAFCU account information and NOT your current bank account information.
Everyone is required to provide the following information:
The cost for processing a refund (set by IAFCU) is 2.50 USD which will be deducted from your account balance. If your balance is below 2.50 USD we cannot process your refund at this time.
International Users should fill out the information below and use a SWIFT code in place of a routing number.
Copy of Government ID
The photo must be clear, cropped to the dimensions of the scanned document, and upright.
[UPLOAD BUTTON]
=== === ===
Here's the email response I received from Internet Credit Union after I submitted my account application:
Dear AudenX,
Ok so you have submitted your application for a new Account- If I were you I would saying: Now What?
First Step
The next business day a real person in the good ole US of A will review what you sent and perhaps wonder why you forgot some information we really need.
Second Step
This real person (maybe even me) will call and verify you are really you. So please pick up the phone or at least call us back.
When we call, answer the phone as three things will happen:
  1. We are required to “Know our customers”. This means that personal touch of actually speaking with you and verifying some of the information on your application.
  2. We will give your account number . If you want a really cool account number you can request one by donating either dollars or bitcoins. Hey we are a not for profit and need to keep fees down for everyone. Accounts numbers from 100-9,999 can be gotten by helping support us. The lower or more special the number the higher the donation.
  3. We will ask you if you want to set up A2A transfer from another financial institution. Then you can transfer money from one those big banks that helped bring down the economy just a few years ago to us little but good guys that care about your financial well being.
Third Step – Sign onto online banking:
READ THIS, perhaps even print it and put on your frig next to those fruit or poetry word magnets, and it will save us both lots puzzled states at a screen:
Log on now the day we call you and we mean today:
You need to log on with 24 hours of us creating your account and contacting you otherwise we will have to reset your PW. And why take up your time on long call with us when you could be out there saving the world.
How do I log on?:
We encourage people to jump from our home page: IAFCU.ORG. Also then you can read my old and new blogs and make my dad happy.
What do I do if its my first time?:
Mainly answer the phone! Part of being with a Credit Union is that we like to get to know our members and we will personally call you and walk you through how to get on and navigate online banking.
Name that Account:
Once on you may want to go to Nick Names Under XXX and change the names of your accounts. Primary Share is called a Savings Account in the banking world and Share Draft is checking account. Yup we can help you with that.
THANKS FOR JOINING AND BECOMING AN OWNER OF THE CREDIT UNION
Jordan Modell
=== === ===
df546rtghr65y4 asked an important question:
So how is it that the IAFCU is able to issue accounts to people outside NJ?
Very good question.
This may seem weird to some customers who are new to credit unions (Wikipedia article), but if you've never used a credit union before, one of the first things to know is that their charters require them to have a well-defined "field of membership" that limits who is able to become a member. In the case of IAFCU, the field of membership is those who live or worship in New Brunswick, NJ. However, IAFCU can satisfy the field of membership requirement for those outside New Brunswick if they make a small donation to a New Brunswick-based nonprofit.
So for those who (like me) are opening an IAFCU account but reside outside of New Brunswick, here's the info you're going to receive from IAFCU when they call you (from an email exchange I had with Jordan):
Please note that if you live outside New Brunswick NJ the only other requirement is donate $5 (usually we ask $10 but understand circumstances) to a local charity. There are four who are bitcoin friendly and worthy the one we deal with the most is Elijah's Promise they are a soup kitchen-food pantry and a lot more. They have no relation to us and it is tax deductible. We can tell you about the others when we call you.
Although this might seem like a hassle to some, presumably everyone who is opening a new account with IAFCU has over $3,000 to recover from Bitfloor, and the $2.50 processing fee + $5 donation is hardly a loss compared to what we were fearing might happen (e.g. 25-50% loss through a class-action lawsuit).
=== UPDATE EMAIL LOG ===
17-July-2013: http://audenx.tumblr.com/post/55752420994
13-July-2013: http://audenx.tumblr.com/post/55752222447
10-July-2013: http://audenx.tumblr.com/post/55154517024
06-July-2013: http://audenx.tumblr.com/post/54770637002 <-- Great news
05-July-2013: http://audenx.tumblr.com/post/54707157530
02-July-2013: http://audenx.tumblr.com/post/54479938119
26-June-2013: http://audenx.tumblr.com/post/53970438791
21-June-2013: http://audenx.tumblr.com/post/53568535359
17-June-2013: http://audenx.tumblr.com/post/53234614015
13-June-2013: http://audenx.tumblr.com/post/52878432522
10-June-2013: http://audenx.tumblr.com/post/52640707656 <-- Good news
07-June-2013: http://audenx.tumblr.com/post/52414956398
05-June-2013: http://audenx.tumblr.com/post/52251841162
01-June-2013: http://audenx.tumblr.com/post/51902492890
30-May-2013: http://audenx.tumblr.com/post/51761248589
27-May-2013: http://audenx.tumblr.com/post/51584420452
22-May-2013: http://audenx.tumblr.com/post/51488743664
20-May-2013: http://audenx.tumblr.com/post/50956376471
15-May-2013: http://audenx.tumblr.com/post/50952729836
13-May-2013: http://audenx.tumblr.com/post/50547278257
10-May-2013: http://audenx.tumblr.com/post/50363516504
08-May-2013: http://audenx.tumblr.com/post/50363321012
06-May-2013: http://audenx.tumblr.com/post/49875576808
AudenX unofficial USD balance owed tally as of Saturday, 06-July-2013: 270 respondents. $791,000.
USD balance reported by IAFCU via SpottedMarley on Wednesday, 10-July-2013: over $2.8M
submitted by audenx to Bitcoin [link] [comments]

Optimal scenario for Option A?

Since the Trustee sold a large amount of bitcoins, and the approved claims under bankruptcy are now secured, there are several possible scenarios for distribution. I would like to read your opinions about the one I believe has the most chances to lead to Option A. For those who don't know what Option A is, please read this: https://wiki.mtgoxlegal.com/en/home/distribution-proposals/
Proposed steps of the scenario:
  1. Distribute the 48.6 million USD which are approved claims of fiat creditors, while still under bankruptcy rules; this partial distribution has to be done with the approval of the Court; we could also wait until CR (civil rehabilitation) gets approved, but IMO would increase the chances for Option B;
  2. Court approves Civil Rehabilitation; the fiat creditors have been paid in full, and now under CR only the BTC creditors have to be compensated;
  3. Perform a partial distribution (most of the funds) of the remaining USD, about 350 million $, to the BTC creditors, so they can buy BTC or other crypto while prices are still relatively low, and close to the average price the Trustee sold at; leave enought fiat available for the operation of MtGox;
  4. Perform a partial distribution (most of the funds) of the remaining bitcoins and forks, leaving enough funds to cover for the CoinLab and Tibanne lawsuits and future MtGox operation;
  5. Don't shut down MtGox, even if the CoinLab and Tibanne lawsuits eventually get sorted out, but keep MtGox alive, with the purpose of investigating and recovering some of the stolen bitcoins; if such a recovery succeeds, distribute the recovered bitcoins to BTC creditors; even if only 10% of the stolen BTC would be recovered, that would be about 60 thousand, so IMO it's worth trying;
submitted by goxxed_finexed to mtgoxinsolvency [link] [comments]

Blockchain Rising — Adoption, Legislation, and Regulation

Blockchain Rising — Adoption, Legislation, and Regulation

Blockchain Rising — Adoption, Legislation, and Regulation



Can you believe it? Last month, we celebrated the 10th anniversary of the Bitcoin whitepaper. Who could have imagined one decade ago that Satoshi Nakamoto’s peer-to-peer digital cash system would have such a tremendous impact? It took a true visionary to see the future potential of Bitcoin way back in 2008. Fed up with corrupt, centralized banks that caused the 2007 market crash, Satoshi created Bitcoin as an alternative economic system. Bitcoin’s road to mainstream adoption has been long albeit steady. Let’s take a look at the adoption and regulation of Bitcoin to get a better idea of where it will go in the future.
Technology Adoption Phases
Adoption of new innovative technology will go through different phases. According to Everett Rodgers, the author and inventor of the Diffusion of Innovation theory, there are five types of adopters — innovators, early adopters, early majority, late majority, and laggards.
Diffusion of Innovation model by Everett Rodgers
Theories regarding which stage of adoption blockchain technology has now reached vary, as industry professionals have different ideas on whether we are in the early adoption or early majority phase. The fact is that after its initiation in 2008, startups, established companies, and governmental entities have slowly begun researching and testing blockchain technology. According to an article in Forbes, over 50 big corporations are currently exploring the innovative technology as a solution for their business model. The blockchain market grew from having a total market capitalization of $16 billion US dollars at the end of 2016 to a total market capitalization of $212 billion US dollar at the time of writing.
So in essence, the industry’s value has increased exponentially while the global adoption has not yet hit the mainstream. However, it is growing at a slow but steady pace. This past year we keep hearing more and more stories about blockchain adoption by governments, startups and established corporations. The category suited for this phase fits the early adopter phase in my opinion.
https://preview.redd.it/m9w2e36bfq021.png?width=960&format=png&auto=webp&s=af15cfcfe021dd94919c2379906a7ca55992c35a
Blockchain Regulation
While worldwide blockchain regulations are becoming more and more common, there is no global standard for how blockchain is being regulated. While some governments are becoming more receptive to blockchain implementations, others are in favor of slowing down or bluntly restricting the implementation of blockchain technology.
One of the countries that is highly conscious of blockchain regulation is the United States. Operation crypto sweep was launched by the NASAA (North American Securities Administrators Association) to find and prosecute fraudulent ICO projects. The result was no less than 35 pending or completed enforcement action. In addition, the Securities and Exchange Commission (SEC) has filed various legal actions against companies that do not comply with their regulations. The SEC has even gone as far as to fabricate a scam ICO called Howey Coins full of red flags in order to warn people about malicious practices and businesses extorting money from individual investors. It was their way of showing people that if something seems too good to be true it usually is.
Cryptocurrency and blockchain projects doing business in the US need to be very careful about being classified as a security — even if their project claims to issue “utility” tokens. The distinction between a security token and a utility token is unclear leading some companies to operate as if they are issuing securities but then meeting all of the qualifications of an exemption such as Regulation S, a safe harbor from registration requirements. When it comes to the SEC, it is definitely better to be safe than sorry!
Moreover, various lawsuits have taken place already in which blockchain companies faced legal action for non-compliance with local regulations. The cryptocurrency Ripple has been in an ongoing securities lawsuit against the state of California. Tezos also followed a year-long legal battle with the state of California before they could officially launch their project after raising $230 million dollars in an ICO.
Just last year, China announced a total ban on cryptocurrency, resulting in Chinese-based blockchain companies needing to shift or shut down their operations and find other more blockchain friendly jurisdictions. After China, the Republic of Korea banned initial coin offerings (ICOs). As a frontrunner in adopting innovative technologies, Korea is focused on drafting official rulesand industry standards for professionals in the blockchain industry.
Singapore has always been supportive of blockchain technology and is open to companies adopting it. In November 2017, the Monetary Authority of Singapore (MAS) issued a Guide to Digital Token Offerings. The guide offers information for financial institutions on the obligation to obtain a license when offering digital assets to the public.
The European Union is also pretty blockchain-friendly. Switzerland has always been pro-blockchain and its city Zug has been deemed crypto-valley as many blockchain companies are based there (e.g. the Ethereum Foundation, Cardano).
Last month, Kambria COO, Tra Vu, joined Tom Trowbridge, President of Hedera Hashgraph, and Nick Chong, Head of North America at Quoine Exchange, at IF Conference in New York City to discuss blockchain regulation. Quoine is the first global exchange to be regulated by the Japanese government. After the Mt. Gox collapse, the Japanese government decided to regulate Bitcoin and to establish it as an official method of payment. Exchanges have to be regulated to operate in Japan similar to banks and are required to take certain measures to ensure security and storage of cryptocurrency. As a result of regulation, Japan is a leader with respect to crypto regulation and the awareness of Bitcoin in Japan is very high.
But the country that currently ranks number 1 as the most blockchain and cryptocurrency friendly jurisdiction is…Malta! Some refer to it as “the blockchain island.” On July 4, 2018, the Maltese government approved 3 different laws that act as a framework for blockchain, cryptocurrency and distributed ledger technology (DLT). Besides blockchain technology, Malta is also a fan of innovations in the robotics and AI industry. They recently initiated an AI task force that will build a roadmap that leads towards granting citizenships for AI. Last year, Saudi Arabia was the first country to officially recognize a robot as a legal citizen within their jurisdiction. The honor goes to Hanson Robotics Humanoid robot, Sophia!
Blockchain Roadblocks
In spite of global progress, blockchain has some roadblocks ahead in pursuing mainstream adoption. The primary issues that slowed adoption last year are referred to as the blockchain trilemma — scalability, security, and efficiency. This came to light last year when interest in cryptocurrency and Cryptokittes piqued. Fortunately, solutions that speed up the network, like Lighting Network for Bitcoin and Plasma and Sharding for Ethereum are now being developed.
Another issue is the fact that blockchain needs to have easy access for every member of our society. New users might get overwhelmed with the extent of cryptographic knowledge that is required to safely make a transaction on a blockchain network. Rookie mistakes include sending someone your private key instead of your public key, depositing a coin into a different coin’s account (BTC vs. BSH), and not doing your own research (DYOR).
There is also the threat of quantum computing. This threat will probably take a while before it will become serious, but it is something to consider in order to move forward with blockchain technology. Various developers are working on creating a quantum resistant ledger. When the time comes, and the quantum computing threat needs to be addressed, a hard fork can be initiated to change to a different quantum resistant ledger.
Blockchain regulation and laws that apply to startups in the blockchain industry and established companies utilizing the technology are essential to mature the market. Regulation will also discourage malicious entities from entering the market. A market with fully-compliant organizations is very healthy to keep the industry moving forward.
Future Blockchain Evolution
When it comes to achieving mainstream adoption, the biggest roadblocks the blockchain industry is facing are solving the scalability, security and efficiency issues and creating blockchain-based payment solutions that are easily accessible to all members of our society. Blockchain technology, with the addition of smart contracts, can have a revolutionary impact on industries like fintech, health, robotics, and AI. Financial products like mortgages and insurance policies are just two of the highly suitable products that can be initiated with blockchain and smart contracts.
Open innovation protocols, like Kambria Network, where community members come together, share resources and work on developing, manufacturing, selling and buying innovative tech products and services are the future and I don’t think anything can stop it. It is just a matter of time before the world practically runs itself through the implementation of blockchain technology.
The Kambria Team
Website: https://kambria.io/
Whitepaper: http://bit.ly/2JbuET7
Telegram (ENG): https://t.me/kambriaofficial
Telegram (KOR): https://t.me/KambriaKorea
Telegram (VIE): https://t.me/KambriaVietnam
Telegram (CHN): https://t.me/KambriaChina
Twitter: https://twitter.com/KambriaNetwork
Facebook Page: https://facebook.com/KambriaNetwork
Facebook Group: https://www.facebook.com/groups/kambria/
Reddit: https://www.reddit.com/KambriaOfficial/
Medium (ENG): https://medium.com/kambria-network
Medium (CHN): https://Medium.com/kambriachina
Steemit: https://steemit.com/@kambrianetwork
Weibo (CHN): https://www.weibo.com/kambriachina
Email: [email protected]
Kat is sold to be used on the Kambria platform.
submitted by Freeme62410 to KambriaOfficial [link] [comments]

[uncensored-r/Bitcoin] Bitcoin is fraudulent and nothing but insider Trading ...NO, Researchers find that one person lik...

The following post by Theguy3993 is being replicated because the post has been silently removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ Bitcoin/comments/7qqmjt
The original post's content was as follows:
Yeah ok keep pumping out the articles about this so funny I would bet the articles stating bitcoin went to 1000$ on fraudulent money is 100% posted by insider traders or Wall St.. And Its no secret Wall St is driven by insider trading. Heck you can watch a documentary that shows how they do insider trading using loopholes of having a couple people down the line get the info that they "donate" money to for information. But anyways I just wanted to post another rant and laugh... Also, if you want to claim bitcoin is fraudulent based on a couple people who traded 36 million dollars worth of a coin worth 250 Billion on average give or take 50 billion or 0.000144% of bitcoin then I guess all banks should close tomorrow since 90% of all money banks handle have traces of cociane on them and clearly came from fraudulent places.
Again, I will state bitcoin will rise and fall like it always does pretty much only falling from fake news pumped in sync with sell offs to try to get more for cheap, and thats fine its so obvious to me also I have traded since before Mt.Gox and the coins never went to its peak and stayed there untill after the fall of Mt.Gox. The timeline may show that right before Mt.gox froze the price of BTC was going up. Until around that time but anyone who used MT.Gox knows that no one could move, trade or withdraw there funds long before it was froze and it finally froze from the lawsuits regarding this so essentially Mt.Gox was out of the game.
And for those who like facts here you are I will include the links also
https://en.wikipedia.org/wiki/History_of_bitcoin#2013
"On 15 May 2013, the US authorities seized accounts associated with Mt. Gox after discovering that it had not registered as a money transmitter with FinCEN in the US.[52][53]
On 17 May 2013, it was reported that BitInstant processed approximately 30 percent of the money going into and out of bitcoin, and in April alone facilitated 30,000 transactions,[54]
On 23 June 2013, it was reported that the US Drug Enforcement Administration listed 11.02 bitcoins as a seized asset in a United States Department of Justice seizure notice pursuant to 21 U.S.C. § 881.[55] It is the first time a government agency has claimed to have seized bitcoin.[56][57]
In July 2013 a project began in Kenya linking bitcoin with M-Pesa, a popular mobile payments system, in an experiment designed to spur innovative payments in Africa.[58] During the same month the Foreign Exchange Administration and Policy Department in Thailand stated that bitcoin lacks any legal framework and would therefore be illegal, which effectively banned trading on bitcoin exchanges in the country.[59][60] According to Vitalik Buterin, a writer for Bitcoin Magazine, "bitcoin's fate in Thailand may give the electronic currency more credibility in some circles", but he was concerned it didn't bode well for bitcoin in China.[61]
On 6 August 2013, Federal Judge Amos Mazzant of the Eastern District of Texas of the Fifth Circuit ruled that bitcoins are "a currency or a form of money" (specifically securities as defined by Federal Securities Laws), and as such were subject to the court's jurisdiction,[62][63] and Germany's Finance Ministry subsumed bitcoins under the term "unit of account"—a financial instrument—though not as e-money or a functional currency, a classification nonetheless having legal and tax implications.[64]
In October 2013, the FBI seized roughly 26,000 BTC from website Silk Road during the arrest of alleged owner Ross William Ulbricht.[65][66][67] Two companies, Robocoin and Bitcoiniacs launched the world's first bitcoin ATM on 29 October 2013 in Vancouver, BC, Canada, allowing clients to sell or purchase bitcoin currency at a downtown coffee shop.[68][69][70] Chinese internet giant Baidu had allowed clients of website security services to pay with bitcoins.[71]
In November 2013, the University of Nicosia announced that it would be accepting bitcoin as payment for tuition fees, with the university's chief financial officer calling it the "gold of tomorrow".[72] During November 2013, the China-based bitcoin exchange BTC China overtook the Japan-based Mt. Gox and the Europe-based Bitstamp to become the largest bitcoin trading exchange by trade volume.[73]
In December 2013, Overstock.com[74] announced plans to accept bitcoin in the second half of 2014. On 5 December 2013, the People's Bank of China prohibited Chinese financial institutions from using bitcoins.[75] After the announcement, the value of bitcoins dropped,[76] and Baidu no longer accepted bitcoins for certain services.[77] Buying real-world goods with any virtual currency has been illegal in China since at least 2009.[78]"
In fact I was trading the Down swings around this time and remember it quite clearly and the price most deffinatly did not shoot up with any relation to Mt.Gox if anything Mt.Gox was the reason for the fall from the news and panic!
Also, WAKE UP PEOPLE. Wall St's total value is what 2.7 Trillion that took like 100 years to get. Does no one else realize the magnitude of Bitcoin to them. Bitcoin in 10 years or less including its many other Coins under it is worth 658-758Billion or 0.65-0.75T in 1/10th the time Wall St did it and its getting bigger all the time.
I've said it before and Ill say it again there scared because Bitcoin, (and altcoin), traders are used to volatility, We can loose 70% of our gains or investment in a day or an hour and still keep on truckin. But that type of volatility scared the pants off the big traders because they also have investors to explain these situations to and they have no merits to base there explanations on since nothing in the real world short of good and bad news or money in and money out of coins affects the prices very much. And for this reason Wall St will never like it and the fact its outside of there nice controlled systems they designed that benefit the rich and rape the poor. And this new system which does not allow credit, or BS is a new realm to them. Sure there might be some insider trading some of the time but the order books and live stats are available to anyone and everyone equally, unlike stocks where you need crazy memberships just to get short 15 minute delayed stats on the live markets and only the top accounts with over 50,000$ invested can even dream about getting anything better. And you have to pay 6.99-24.99 Per trade the lesser being for the 50k investor, leaving no learning curve for the small guys. So in my opinion its still a way better system and anyone can easily do some research like I have today and not panic sell from every little BS article and simple trade for yourselves. And Bitcoin to Altcoin trades BTW will cost you 0.06-0.08% and Bitcoin/Altcoin to USD (Or your Currency) will cost you 0.18-0.24% on most exchanges or platforms.
If you've read my rant this far I thank you for your time. Some article just really grind my gears :D
PS - Below is some handy trading platforms and tools
I would also like to take a moment just to say anyone interested in a FreeTrading Platform should check out Qt Bitcoin Trader from source forge. Or if your a bit more advanced there is a nice program you can try for free and the trial is the the same as the full version (I have used both since I bought it shortly after) and that is called LeonarDo by margin software a very talented German company.
Qt Bitcoin Trader - https://sourceforge.net/projects/bitcointrade Leonardo - https://marginsoftware.de/product.html
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

01-16 16:43 - 'Bitcoin is fraudulent and nothing but insider Trading ...NO, Researchers find that one person likely drove Bitcoin from $150 to $1,000 ....NO. Try more FUD' (self.Bitcoin) by /u/Theguy3993 removed from /r/Bitcoin within 564-574min

'''
Yeah ok keep pumping out the articles about this so funny I would bet the articles stating bitcoin went to 1000$ on fraudulent money is 100% posted by insider traders or Wall St.. And Its no secret Wall St is driven by insider trading. Heck you can watch a documentary that shows how they do insider trading using loopholes of having a couple people down the line get the info that they "donate" money to for information. But anyways I just wanted to post another rant and laugh... Also, if you want to claim bitcoin is fraudulent based on a couple people who traded 36 million dollars worth of a coin worth 250 Billion on average give or take 50 billion or 0.000144% of bitcoin then I guess all banks should close tomorrow since 90% of all money banks handle have traces of cociane on them and clearly came from fraudulent places.
Again, I will state bitcoin will rise and fall like it always does pretty much only falling from fake news pumped in sync with sell offs to try to get more for cheap, and thats fine its so obvious to me also I have traded since before Mt.Gox and the coins never went to its peak and stayed there untill after the fall of Mt.Gox. The timeline may show that right before Mt.gox froze the price of BTC was going up. Until around that time but anyone who used MT.Gox knows that no one could move, trade or withdraw there funds long before it was froze and it finally froze from the lawsuits regarding this so essentially Mt.Gox was out of the game.
And for those who like facts here you are I will include the links also
[link]1
"On 15 May 2013, the US authorities seized accounts associated with Mt. Gox after discovering that it had not registered as a money transmitter with FinCEN in the US.[52][53]
On 17 May 2013, it was reported that BitInstant processed approximately 30 percent of the money going into and out of bitcoin, and in April alone facilitated 30,000 transactions,[54]
On 23 June 2013, it was reported that the US Drug Enforcement Administration listed 11.02 bitcoins as a seized asset in a United States Department of Justice seizure notice pursuant to 21 U.S.C. § 881.[55] It is the first time a government agency has claimed to have seized bitcoin.[56][57]
In July 2013 a project began in Kenya linking bitcoin with M-Pesa, a popular mobile payments system, in an experiment designed to spur innovative payments in Africa.[58] During the same month the Foreign Exchange Administration and Policy Department in Thailand stated that bitcoin lacks any legal framework and would therefore be illegal, which effectively banned trading on bitcoin exchanges in the country.[59][60] According to Vitalik Buterin, a writer for Bitcoin Magazine, "bitcoin's fate in Thailand may give the electronic currency more credibility in some circles", but he was concerned it didn't bode well for bitcoin in China.[61]
On 6 August 2013, Federal Judge Amos Mazzant of the Eastern District of Texas of the Fifth Circuit ruled that bitcoins are "a currency or a form of money" (specifically securities as defined by Federal Securities Laws), and as such were subject to the court's jurisdiction,[62][63] and Germany's Finance Ministry subsumed bitcoins under the term "unit of account"—a financial instrument—though not as e-money or a functional currency, a classification nonetheless having legal and tax implications.[64]
In October 2013, the FBI seized roughly 26,000 BTC from website Silk Road during the arrest of alleged owner Ross William Ulbricht.[65][66][67] Two companies, Robocoin and Bitcoiniacs launched the world's first bitcoin ATM on 29 October 2013 in Vancouver, BC, Canada, allowing clients to sell or purchase bitcoin currency at a downtown coffee shop.[68][69][70] Chinese internet giant Baidu had allowed clients of website security services to pay with bitcoins.[71]
In November 2013, the University of Nicosia announced that it would be accepting bitcoin as payment for tuition fees, with the university's chief financial officer calling it the "gold of tomorrow".[72] During November 2013, the China-based bitcoin exchange BTC China overtook the Japan-based Mt. Gox and the Europe-based Bitstamp to become the largest bitcoin trading exchange by trade volume.[73]
In December 2013, Overstock.com[74] announced plans to accept bitcoin in the second half of 2014. On 5 December 2013, the People's Bank of China prohibited Chinese financial institutions from using bitcoins.[75] After the announcement, the value of bitcoins dropped,[76] and Baidu no longer accepted bitcoins for certain services.[77] Buying real-world goods with any virtual currency has been illegal in China since at least 2009.[78]"
*** In fact I was trading the Down swings around this time and remember it quite clearly and the price most deffinatly did not shoot up with any relation to Mt.Gox if anything Mt.Gox was the reason for the fall from the news and panic!
Also, WAKE UP PEOPLE. Wall St's total value is what 2.7 Trillion that took like 100 years to get. Does no one else realize the magnitude of Bitcoin to them. Bitcoin in 10 years or less including its many other Coins under it is worth 658-758Billion or 0.65-0.75T in 1/10th the time Wall St did it and its getting bigger all the time.
[link]2
I've said it before and Ill say it again there scared because Bitcoin, (and altcoin), traders are used to volatility, We can loose 70% of our gains or investment in a day or an hour and still keep on truckin. But that type of volatility scared the pants off the big traders because they also have investors to explain these situations to and they have no merits to base there explanations on since nothing in the real world short of good and bad news or money in and money out of coins affects the prices very much. And for this reason Wall St will never like it and the fact its outside of there nice controlled systems they designed that benefit the rich and rape the poor. And this new system which does not allow credit, or BS is a new realm to them. Sure there might be some insider trading some of the time but the order books and live stats are available to anyone and everyone equally, unlike stocks where you need crazy memberships just to get short 15 minute delayed stats on the live markets and only the top accounts with over 50,000$ invested can even dream about getting anything better. And you have to pay 6.99-24.99 Per trade the lesser being for the 50k investor, leaving no learning curve for the small guys. So in my opinion its still a way better system and anyone can easily do some research like I have today and not panic sell from every little BS article and simple trade for yourselves. And Bitcoin to Altcoin trades BTW will cost you 0.06-0.08% and Bitcoin/Altcoin to USD (Or your Currency) will cost you 0.18-0.24% on most exchanges or platforms.
If you've read my rant this far I thank you for your time. Some article just really grind my gears :D
PS - Below is some handy trading platforms and tools
I would also like to take a moment just to say anyone interested in a FreeTrading Platform should check out Qt Bitcoin Trader from source forge. Or if your a bit more advanced there is a nice program you can try for free and the trial is the the same as the full version (I have used both since I bought it shortly after) and that is called LeonarDo by margin software a very talented German company.
Qt Bitcoin Trader - [link]3 Leonardo - [link]4
'''
Bitcoin is fraudulent and nothing but insider Trading ...NO, Researchers find that one person likely drove Bitcoin from $150 to $1,000 ....NO. Try more FUD
Go1dfish undelete link
unreddit undelete link
Author: Theguy3993
1: https://en.wikipedia.org/wiki/History_of_bitcoin#2013 2: www*w***dcoinind*x.*om/ 3: s*u*c*forge*ne*/*roje*ts/bitc*intr**e 4: ma**insof*ware.de*p**duct.ht**
Unknown links are censored to prevent spreading illicit content.
submitted by removalbot to removalbot [link] [comments]

/r/bitcoinsec - Wiki: Timeline of Heists

Hey all!
This stickied thread is temporary: Data will be moved to wiki so users can update.
therealbobsaget proposed the idea of keeping a relatively accurate record of Bitcoin heists. I believe the idea is great, and we can utilize the Wiki to store this information down for historical reasons.
From History_of_Bitcoin#Theft_and_exchange_shutdowns:

Mt. Gox:

On 19 June 2011, a security breach of the Mt. Gox Bitcoin exchange caused the nominal price of a bitcoin to fraudulently drop to one cent on the Mt. Gox exchange, after a hacker allegedly used credentials from a Mt. Gox auditor's compromised computer illegally to transfer a large number of bitcoins to himself. They used the exchange's software to sell them all nominally, creating a massive "ask" order at any price. Within minutes the price reverted to its correct user-traded value. Accounts with the equivalent of more than US$8,750,000 were affected. Source Source Source Source

Bitomat:

On July 2011, the operator of Bitomat, the third largest Bitcoin exchange, announced that he lost access to his wallet.dat file with about 17,000 bitcoins (roughly equivalent to US$220,000 at that time). He announced that he would sell the service for the missing amount, aiming to use funds from the sale to refund his customers. Source

MyBitcoin:

In August 2011, MyBitcoin, a now defunct Bitcoin transaction processor, declared that it was hacked, which caused it to be shut down, paying 49% on customer deposits, leaving more than 78,000 bitcoins (equivalent to roughly US$800,000 at that time) unaccounted for. Source Source

Bitcoinica:

In early August 2012, a lawsuit was filed in San Francisco court against Bitcoinica — a Bitcoin trading venue — claiming about US$460,000 from the company. Bitcoinica was hacked twice in 2012, which led to allegations that the venue neglected the safety of customers' money and cheated them out of withdrawal requests. Source Source

Bitcoin Savings and Trust:

In late August 2012, an operation titled Bitcoin Savings and Trust was shut down by the owner, allegedly leaving around US$5.6 million in Bitcoin-based debts; this led to allegations that the operation was a Ponzi scheme. Source Source Source Source. In September 2012, the U.S. Securities and Exchange Commission had reportedly started an investigation on the case. Source

Bitfloor:

In September 2012, Bitfloor, a Bitcoin exchange, also reported being hacked, with 24,000 bitcoins (worth about US$250,000) stolen. As a result, Bitfloor suspended operations.[116][117] The same month, Bitfloor resumed operations; its founder said that he reported the theft to FBI, and that he plans to repay the victims, though the time frame for repayment is unclear. Source

Instawallet:

On 3 April 2013, Instawallet, a web-based wallet provider, was hacked,[119] resulting in the theft of over 35,000 bitcoins[120] which were valued at US$129.90 per bitcoin at the time, or nearly $4.6 million in total. As a result Instawallet suspended operations. Source

Bitcoin+Android PRNG:

On 11 August 2013, the Bitcoin Foundation announced that a bug in a pseudorandom number generator within the Android operating system had been exploited to steal from wallets generated by Android apps; fixes were provided 13 August 2013. Source

Inputs.io:

A Bitcoin bank, operated from Australia but stored on servers in the USA, was hacked on 23 and 26 October 2013, causing a loss of 4100 bitcoins, worth over A$1 million. Source

Global Bond Limited (GBL):

In Hong Kong a Bitcoin trading platform owned by Global Bond Limited (GBL) vanished with 30 million yuan (US$5 million) from 500 investors on 26 October 2013. Source

SilkRoad:

After the arrest of SilkRoad's owner, the FBI claims it has confiscated over 144,000BTC. Source

Sheep Market (post-silkroad):

The debate concerning the Sheep Market heist of 96,000+ BTC is still ongoing, there has been talks of the owners simply taking the money and running, while the owners claim that their operations were "hacked". Source

Users:

301BTC were taken from SatoshiChrist's blockchain.info wallet. Attack method unknown, what is known is lack of 2FA may have lead to attacks capturing his wallet information from either phone or system.
Found a great thread over at Bitcointalk.org containing even more heists:

Linode hacks:

Besides the aforementioned Bitoinica, Bitcoin.cx and Bitcoin faucet among others were affected by this attack. Response by Linode

Allinvain Theft:

In 2011 a miner and Bitcointalk.org user "Allinvain" awoke to find 25,000BTC were transferred out of his wallet. He believes his system may have been infected by the attackers. Source
Will be updating periodically. Leave heist information and sources in comments, thanks!
submitted by bitcomsec to bitcoinsec [link] [comments]

Mt Gox Bitcoin Sell off (May 2018) 4/29/14 - MIT Bitcoin Project, Mt Gox revival plan ... Mt Gox disappears, future of Bitcoin unknown - YouTube Bitcoin FUD - Mt Gox, Binance Hack, SEC Regulations! MtGox Bitcoins to BTC e Bitcoins in 50 seconds

Cryptocurrency businesses are taking Google, Facebook, and Twitter to court in a class-action lawsuit that could cost the social media giants $300 billion. The plaintiffs say that their businesses ... Mt. Gox was a bitcoin exchange based in Shibuya, Tokyo, Japan. Launched in July 2010, by 2013 and into 2014 it was handling over 70% of all bitcoin (BTC) transactions worldwide, as the largest bitcoin intermediary and the world's leading bitcoin exchange. Judge green-lights Facebook, WhatsApp hacking lawsuit against spyware biz NSO, unleashing Zuck's lawyers Cloud biz Blackbaud caved to ransomware gang's demands – then neglected to inform customers for two months Ew, that's unsanitary: SEO plugin for WordPress would run arbitrary JavaScript inputs instead of scrubbing them . Safety first: Our Continuous Lifecycle Online tech event this week ... Mt. Gox, called "Mount Gox" or simply "Gox", was the most widely used bitcoin currency exchange market from shortly after its inception in 2010 to its insolvency late 2013. The market was closed February 25, 2014 and has since filed for bankruptcy protection in Japan and the United States, after losing 640 thousand bitcoins.. A registrant on Mt. Gox had at least two sub-accounts: one for ... Bitcoin Mt. Gox: a lawsuit against BTC-e to recover funds. By Emanuele Pagliari - 2 Oct 2019. Today Nobuaki Kobayashi, the trustee in charge of the recovery of the funds of the famous Mt. Gox exchange, which went bankrupt in 2014, revealed that he had asked the US Department of Justice for some information about Alexander Vinnik, an operator of the Russian BTC-e exchange, which closed in July ...

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Mt Gox Bitcoin Sell off (May 2018)

MtGox Bitcoins To BTC Bitcoins BITCOIN PRICE , BITCOIN FUTURE in doubt http://youtu.be/eO-yrpQpIT8 What is NAMECOIN BITCOIN'S First Fork http://youtu.be/oBkh... bitcoin wiki, bitcoinwisdom, bitcoin worth, bitcoin wikipedia, bitcoin wallet android, bitcoin webhallen, bitcoin watch, bitcoin worth graph, bitcoin wallet windows, w bitcoin, bitcoin w polsce ... Support MadBitcoins: 1PtAdf3LbwrPfX87dQ8TMuKEzuMUZtg1z1 March 10, 2014 -- San Diego, California -- Red, White and MadBitcoins -- MadBitcoins Subscriber Index 2985 ... This video is unavailable. Watch Queue The Curse of Mt Gox Still Haunts Us - Bitcoin Crash - Duration: 9:24. Bitraged 5,615 views. 9:24. 80 Trillion Dollar Bitcoin Exit Plan - Duration: 22:12. Mineable 340,482 views. 22:12. Mix Play ...

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