Cryptocurrency
- Thread starter Playboi Carti
- Start date
Another positive development is that Weiss came out with the first crytocurrency ratings. Weiss is not as well known as Moody's or Standard and Poor's, but his firm is respected.
https://www.cnbc.com/2018/01/24/weiss-ratings-gives-ethereum-higher-rating-than-bitcoin.html
There is 6 coins you can buy with USD. Also there's a coin called USDT that is always $1.
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Game changer.
The trading app Robin hood will be letting you buy and sell crypto currencies free.
The trading app Robin hood will be letting you buy and sell crypto currencies free.
I guess for me that is a non issue, I'm used to the process of converting to Eth, BTC and LTC to buy alts. The difference is Ripple is a centralized blockchain that has 50 billion coins in a vault with a plan to release them back into the market.
Cardano has a decentralized blockchain that has a 25 billion in circulation, 20 billion to be released over 24 years as payment for processing POS. I would say the upside therefore is higher.
Has anyone signed up for this? At the very least, will cause Coinbase to lower fees to hold market share. Wooo!
http://money.cnn.com/2018/01/25/pf/robinhood-trading-app-cryptocurrency/index.html
Initially just bitcoin and ethereum. And only in like 5 states to start in February
It’s here on Robinhood. You can track them right now but not sure when it’ll be live to buy. March maybe for most states? Depending on how it goes, I would like to move all my crypto over to there.
I’m on the list to get it, but they say if more people join through you, you’ll move up. And you’ll both get a free stock. So use this to help us both if you are even thinking about jointing.
https://share.robinhood.com/jeffres863
https://share.robinhood.com/jeffres863
The SEC and CFTC (Commodity Futures Trading Commission) are starting to take a very hard look at cryptocurrencies. The commissioners of both agencies co-authored a letter in the WSJ yesterday.
"Significantly, cryptocurrencies are now being promoted, pursued and traded as investment assets, with their purported utility as an efficient medium of exchange being a distant secondary characteristic."
"The SEC does not have direct oversight of transactions in currencies or commodities. Yet some products that are labeled cryptocurrencies have characteristics that make them securities. The offer, sale and trading of such products must be carried out in compliance with securities law. The SEC will vigorously pursue those who seek to evade the registration, disclosure and antifraud requirements of our securities laws. In addition, the SEC is monitoring the cryptocurrency-related activities of the market participants it regulates, including broker-dealers, investment advisers and trading platforms.
The SEC is devoting a significant portion of its resources to the ICO market. Through statements, reports and enforcement actions the SEC has made it clear that federal securities laws apply regardless of whether the offered security—a purposefully broad and flexible term—is labeled a “coin” or “utility token” rather than a stock, bond or investment contract. Market participants, including lawyers, trading venues and financial services firms, should be aware that we are disturbed by many examples of form being elevated over substance, with form-based arguments depriving investors of mandatory protections.
The CFTC and SEC, along with other federal and state regulators and criminal authorities, will continue to work together to bring transparency and integrity to these markets and, importantly, to deter and prosecute fraud and abuse."
"Significantly, cryptocurrencies are now being promoted, pursued and traded as investment assets, with their purported utility as an efficient medium of exchange being a distant secondary characteristic."
"The SEC does not have direct oversight of transactions in currencies or commodities. Yet some products that are labeled cryptocurrencies have characteristics that make them securities. The offer, sale and trading of such products must be carried out in compliance with securities law. The SEC will vigorously pursue those who seek to evade the registration, disclosure and antifraud requirements of our securities laws. In addition, the SEC is monitoring the cryptocurrency-related activities of the market participants it regulates, including broker-dealers, investment advisers and trading platforms.
The SEC is devoting a significant portion of its resources to the ICO market. Through statements, reports and enforcement actions the SEC has made it clear that federal securities laws apply regardless of whether the offered security—a purposefully broad and flexible term—is labeled a “coin” or “utility token” rather than a stock, bond or investment contract. Market participants, including lawyers, trading venues and financial services firms, should be aware that we are disturbed by many examples of form being elevated over substance, with form-based arguments depriving investors of mandatory protections.
The CFTC and SEC, along with other federal and state regulators and criminal authorities, will continue to work together to bring transparency and integrity to these markets and, importantly, to deter and prosecute fraud and abuse."
This is pretty exciting! I've been using Robinhood for the past year and have begun doing 100% of my stock trades through the app (now also online). ZERO fee trading! As was mentioned above they are going to begin doing crypto trades. But this morning I was STUNNED to see the entire list of Cryptos that they're going to trade, also at ZERO FEES! I have since upgraded my subscription to their highest level as it allows margin trading and such. There are some great coins to speculate on now ahead of Robinhood opening trades!
I'm also on the list, but if you all want to sign up and use my link you and I will both get a free stock of something like GE, Coke, Facebook, or some other. If you're interested: http://share.robinhood.com/shawnk43
I'm also on the list, but if you all want to sign up and use my link you and I will both get a free stock of something like GE, Coke, Facebook, or some other. If you're interested: http://share.robinhood.com/shawnk43
Sadly I don't think a government can be impartial in this, the more people start using bitcoin(or other coins) as a currency the less they use the dollar. This is a defensive position not one that embraces technology and an emerging market. I would rather see something more like Switzerland or Estonia. Go all in and become a hub for the technology.
Hold up a little on thinking they are going to trade all those. They will allow you to look at 16 different cryptocurrencies, but they are only going to have bitcoin and ethereum at the beginning.
For those who didn't hear about it:
https://www.coindesk.com/coincheck-confirms-crypto-hack-loss-larger-than-mt-gox/
This is why it's a good to either move your coins off exchanges or spread them out across multiple to limit you exposure. This is only a loss off 500 Million so it's not a huge hit, but a good reminder to limit your risk where you can.
https://www.coindesk.com/coincheck-confirms-crypto-hack-loss-larger-than-mt-gox/
This is why it's a good to either move your coins off exchanges or spread them out across multiple to limit you exposure. This is only a loss off 500 Million so it's not a huge hit, but a good reminder to limit your risk where you can.
First Bitcoin stolen at gunpoint, in Britain:
http://www.telegraph.co.uk/news/201...point-transfer/amp/?__twitter_impression=true
Four masked men broke into the guy's home, tied up his wife and forced him to transfer the Bitcoin to their wallet.
http://www.telegraph.co.uk/news/201...point-transfer/amp/?__twitter_impression=true
Four masked men broke into the guy's home, tied up his wife and forced him to transfer the Bitcoin to their wallet.
