Not Bitcoin, just another cryptocurrency Exchange coins stolen.

https://www.cnbc.com/2018/01/26/jap...e-loses-more-than-500-million-to-hackers.html


Coincheck's president said he "deeply regretted" the issue.

I'm sure he also regrets the future possible loss of his fingers.

https://www.financemagnates.com/cry...-founder-stolen-funds-lots-people-will-screw/

 

That's the investors after this ripoff. I always suspect insiders on these types of scams.

Who puts a $0.5 Billion in a vault and leaves the door open at the bank overnight?

 

https://www.nytimes.com/2018/01/31/technology/bitfinex-bitcoin-price.html

A growing number of virtual currency investors are worried that the prices of Bitcoin and other digital tokens have been artificially propped up by a widely used exchange called Bitfinex, which has a checkered history of hacks and opaque business practices.

 

https://www.nytimes.com/2018/02/05/technology/virtual-currency-regulation.html

https://bitcointicker.co/

 

LONDON (Reuters) - Banks in Britain and the United States have banned the use of credit cards to buy Bitcoin and other “cryptocurrencies”, fearing a plunge in their value will leave customers unable to repay their debts.

https://www.reuters.com/article/us-...itcoin-buying-with-credit-cards-idUSKBN1FO0UL

 

Moonlighting in Russia.

 

Moonlighting in Russia.

Those guys will be making the Gulag cryptocurrency for a while.

 

http://www.asahi.com/ajw/articles/AJ201802210041.html

A system glitch at a cryptocurrency exchange site run by an Osaka-based firm enabled users to obtain digital money for free, with one apparently “purchasing” Bitcoin valued at 2,200 trillion yen ($20 trillion) and then attempting to cash in on it.

Tech Bureau Corp., a registered cryptocurrency exchange operator, is now subject to a Financial Services Agency investigation into the safety of the system and other business practices.

The company announced Feb. 20 that the incident on its Zaif exchange website occurred four days earlier, when seven users obtained quantities of cryptocurrencies. Tech Bureau later invalidated the transactions and corrected the users’ balances.

The glitch, which lasted for 18 minutes from 5:40 p.m. to 5:58 p.m. on Feb. 16, affected Zaif’s price calculation system, enabling customers to buy cryptocurrencies for nothing.

You have an opportunity to steal an unlimited amount quickly.... and you choose 20 trillion dollars.
Sir, would you like that $20 trillion in small unmarked bills.

https://www.coindesk.com/customer-tries-to-withdraw-20-trillion-in-crypto-exchange-glitch/

 

http://www.asahi.com/ajw/articles/AJ201802210041.html


You have an opportunity to steal an unlimited amount quickly.... and you choose 20 trillion dollars.
Sir, would you like that $20 trillion in small unmarked bills.

https://www.coindesk.com/customer-tries-to-withdraw-20-trillion-in-crypto-exchange-glitch/

 

LONDON (Reuters) - Banks in Britain and the United States have banned the use of credit cards to buy Bitcoin and other “cryptocurrencies”, fearing a plunge in their value will leave customers unable to repay their debts.

https://www.reuters.com/article/us-...itcoin-buying-with-credit-cards-idUSKBN1FO0UL

I gotta laugh at that one. They don't mind you using your credit card to gamble, either online or at a casino, or buying all manner of things that have no redeemable value and that are way beyond your means, or buying penny stocks, or taking about huge cash advances, but somehow cryptocurrencies are so different that they have to be banned.

 

When I saw a picture of a pirate (two per revolution) and the words "bit coin" I thought we were going to be talking about pieces of eight.

 

I gotta laugh at that one. They don't mind you using your credit card to gamble, either online or at a casino, or buying all manner of things that have no redeemable value and that are way beyond your means, or buying penny stocks, or taking about huge cash advances, but somehow cryptocurrencies are so different that they have to be banned.

I think the difference is that if their "customer" looses money on BitCoins the bank has no way to use their political weight to get their money back.

 

I think the difference is that if their "customer" looses money on BitCoins the bank has no way to use their political weight to get their money back.

I don't follow. How does the bank get to use their political weight to get their money back if their customer charges their world cruise, their penny stock purchases, or their week's worth of gambling in Vegas?

I'm not saying that I think the ban is a bad idea or that it is improper -- in general I think that a card issuer has the right to place restrictions on what the card can and can't be used for. It just strikes me as yet another case of the typical kneejerk response we see so often in which we see X in a bad light and so we ban X despite the fact that X is no different than twenty other letters of the alphabet that we don't even consider changing the policy on.

 

I don't follow. How does the bank get to use their political weight to get their money back if their customer charges their world cruise, their penny stock purchases, or their week's worth of gambling in Vegas?

I admit that I don't see any difference but obviously the banks do. Maybe they are setting up to lobby Congress to ban the competition of Bitcoins so they can do their own.

I'm not saying that I think the ban is a bad idea or that it is improper -- in general I think that a card issuer has the right to place restrictions on what the card can and can't be used for. It just strikes me as yet another case of the typical kneejerk response we see so often in which we see X in a bad light and so we ban X despite the fact that X is no different than twenty other letters of the alphabet that we don't even consider changing the policy on.

Yes, I think they are just protecting their interests by saying Bitcoins are an improper purchase. I think it is kneejerk only in that they are still trying to figure out how to get their finger into the pie. See above.

 

https://www.coindesk.com/satoshi-craig-wright-sued-10-billion/

Craig Wright, the nChain chief scientist who previously claimed to be the pseudonymous bitcoin creator Satoshi Nakamoto, is being sued for a whopping $10 billion.

 

Yes I did.

I invested BLABLA back in 2012 and its now worth BLABLA

Edit : I dont want to disclose it

 

https://www.coindesk.com/satoshi-craig-wright-sued-10-billion/

Craig Wright, the nChain chief scientist who previously claimed to be the pseudonymous bitcoin creator Satoshi Nakamoto, is being sued for a whopping $10 billion.

Sir can you reach me ? I have a question about a project but i didn't found a way to communicate you. Thanks.
<SNIP>

Moderators note : removed email to avoid spam

 

I don't follow. How does the bank get to use their political weight to get their money back if their customer charges their world cruise, their penny stock purchases, or their week's worth of gambling in Vegas?

Credit cards companies and stock brokers do not allow purchases of stocks.
Casinos so not allow the purchase of chips on credit card (some allow debit card but not credit card).

So to answer your questions, they don't have to worry about that problem.

 

Credit cards companies and stock brokers do not allow purchases of stocks.
Casinos so not allow the purchase of chips on credit card (some allow debit card but not credit card).

So to answer your questions, they don't have to worry about that problem.

There are several ways to use a credit card to make investments. Some brokerages allow you to use a credit card to fund a margin account. Then there are apps like Acorns that you can link to a credit card and set it up to invest in ETFs (many of which are penny stocks). Of course there are plenty of more indirect ways, such as using two PayPal accounts, but I don't count that as the whole point of those approaches is to launder the money so that the use of the funds obtained from the card is disguised on one end and the fact that the funds came from a card is disguised at the other -- essentially money laundering albeit it internal to your own financial world.

And I know for a fact that you can purchase chips at some casinos directly with a credit card because I've done it. In fact, the first time (out of two total) I ever played an actual casino game (roulette) was at a casino in the airport in San Juan, Puerto Rico. I had no cash with me at all, just a credit card (I don't do debit cards). So for the novelty of the experience I bought $50 in chips on the credit card and started playing. Didn't take long before all I had was the memory of the novelties involved: Bought chips on a credit card, played a "real" casino game, lost every dime in less than fifteen minutes.

 

https://apnews.com/55117fb55a714e90...ist:-600-powerful-computers-stolen-in-Iceland

REYKJAVIK, Iceland (AP) — Some 600 computers used to “mine” bitcoin and other virtual currencies have been stolen from data centers in Iceland in what police say is the biggest series of thefts ever in the North Atlantic island nation.

Some 11 people were arrested, including a security guard, in what Icelandic media have dubbed the “Big Bitcoin Heist.” A judge at the Reykjanes District Court on Friday ordered two people to remain in custody.