I cant believe Kraken is still down
Official BGOL Crypto Currency Thread ★★★★★
- Thread starter Matt Beesy
- Start date
On BARs...long HODL or pump and dump...i copped btw
Im Sayin....
SmartCash (SMART)
$1.32 USD (106.31%)
0.00009715 BTC (111.97%)
Amazing
BAR is a HODL for me. I like the roadmap/whitepaper
man who you tell, i like the color red but damn
Thanks...did u get a confirmation from them yet? I copped last night...still nothing
I didnt see mine in my ehter wallet until earlier today. I copped last night also. I am sure you followed the steps to where you added Bar coin type to your wallet.
South Korea's Crypto Crackdown: Exchanges Won't Go Down Without A Fight
A pedestrian looks at a monitor displaying the prices of virtual currencies at the Bithumb exchange office in Seoul, South Korea, on Friday, Dec. 15, 2017. South Korea will restrictively allow cryptocurrency trading on only qualified exchanges and review a possible capital gains tax on crypto trading as a way to restrain the nation's frenzied speculation. Photographer: SeongJoon Cho/Bloomberg
The South Korean government has not minced words about its intention to control the country’s cryptocurrency craze, which regularly drives the local prices of Bitcoin and Ethereum up to 45% higher than the global norm. It’s paving the way to ban cryptocurrency trade across the board, in an effort to snuff out speculative overheating in one of the world’s largest markets for digital coins.
Justice Minister Park Sang-ki on Thursday said the government is drafting legislation that would shutter all virtual currency exchanges in the country, although the president’s office said the decision was not yet confirmed.
The ban proposal has already taken its toll on the markets, with global markets losing more than $106 billion after Park’s comments yesterday.
Chang Seung-woo, a spokesperson for the Ministry of Justice, confirmed the minister’s words but could not elaborate on plans. “Regulations for the closure of cryptocurrency exchanges have been in preparation and we plan to cooperate with related departments to approach the issue,” he said by phone.
A local report, which Chang did not verify, claimed the government’s draft would be revealed this month with an aim to finalize regulations in the first quarter of the year. The legislation would supposedly include a ban on handling crypto tokens through exchanges without exception -- plus seven years of imprisonment for the CEOs of the crypto exchanges.
In recent weeks, a pan-government task force led by the Ministry of Justice has been evaluating the cryptocurrency industry to form regulations on taxation, anti-money laundering and fraud prevention, as well as a ban on initial coin offerings (ICOs). The feverish trade volume -- Korean won is the second-most-traded fiat currency for Ether behind the U.S. dollar -- has even triggered Prime Minister Lee Nak-yeon to claim cryptocurrency might steer the youth toward crime.
But not all decision-makers are on board with the justice ministry’s apparent plans. The conservative main opposition Liberty Korea Party floor leader Kim Sung-tae claimed the government’s actions have turned the local cryptocurrency market into a “rollercoaster.” On Friday, Finance Minister Kim Dong-yeon also said Park’s proposal needed more consultation with other ministries.
The government this week said it has conducted field investigations at major banks involved with cryptocurrency to evaluate their internal controls on cryptocurrency-related money laundering prevention and identity verification. Reports also claim local cryptocurrency exchanges including Bithumb, Coinone and Korbit were raided for alleged tax evasion.
“We are currently doing our best to comply with the autonomous regulation of the Korea Blockchain Association and also actively cooperating with the government,” Lee Sangyoup, a spokesperson for NXC Corp, a holding company that owns major cryptocurrency exchange Korbit, said by email.
The Korea Blockchain Association, whose 50-some member companies include Coinone and Korbit, imposed self-regulatory measures such as limiting cryptocurrency accounts to one per person on each exchange and an identity verification procedure.
Why So Serious?
Seo Hee-jin inspects an application-specific integrated circuit (ASIC) device and power unit, manufactured by Bitmain Technologies Inc., at her cryptocurrency mining facility in Incheon, South Korea, on Friday, Dec. 15, 2017. Hedge funds are pulling out of gold bets as more exciting moves in equities and cryptocurrencies make safe-haven investments look boring. Photographer: SeongJoon Cho/Bloomberg
South Korean regulators have a history of hard-line stances on speculative investments, from their blanket ban on gambling to heavy taxes on multiple-home owners, says Hoseok Jung, managing partner at Seum Law. “The Ministry of Justice associates cryptocurrency trading with gambling, and therefore, they believe that they can promote the closure of exchanges as they would with casinos,” Jung said by email.
But he said the MOJ's interpretation has conflicting opinions within the government as well, adding that some in the legal field also see it as overblown. “If it can’t be viewed as gambling, the closure of cryptocurrency exchanges might be viewed as a violation of the constitution, which promotes the security of the people’s assets,” he added.
Kim Jin-hwa, co-representative of the Korea Blockchain Association, said the Ministry of Justice has “no legal basis” to close the cryptocurrency exchanges, leading the government to pursue legislation. He claimed the regulation ideas reflect the government’s low understanding of the technology involved.
“Of course, we believe that complete closure makes absolutely no sense at all. What we hope for is a fair and sound regulation,” Kim said by phone, noting the association’s self-regulation. “If a legislation is made, then it has to be one that protects the market and its investors.”
If the government submits a bill, Kim said the chances of the National Assembly passing it are “extremely slim,” adding that the association would submit its opinions to parliament.
The legislation process would also be a lengthy one, unlike the almost-overnight trade bans in China last year. A government proposal to National Assembly would require evaluation by the standing committee, then the legislation committee and judiciary committee, and voting in the National Assembly plenary session with the majority of lawmakers present, Jung explained. If it passes, a president’s notice would be issued within 15 days, and the legislation would finally take effect after a 20-day notice.
“The passing of regulation can vary depending on the schedule of the National Assembly, but we can say that it could take at least six months to one year,” Jung said.
But he didn't expect for investors to hold the short end of the stick if the exchanges went under. In the end, if cryptocurrency exchanges were to close, investors would get a grace period to liquidate or transfer their assets to overseas exchanges, he added.
A pedestrian looks at a monitor displaying the prices of virtual currencies at the Bithumb exchange office in Seoul, South Korea, on Friday, Dec. 15, 2017. South Korea will restrictively allow cryptocurrency trading on only qualified exchanges and review a possible capital gains tax on crypto trading as a way to restrain the nation's frenzied speculation. Photographer: SeongJoon Cho/Bloomberg
The South Korean government has not minced words about its intention to control the country’s cryptocurrency craze, which regularly drives the local prices of Bitcoin and Ethereum up to 45% higher than the global norm. It’s paving the way to ban cryptocurrency trade across the board, in an effort to snuff out speculative overheating in one of the world’s largest markets for digital coins.
Justice Minister Park Sang-ki on Thursday said the government is drafting legislation that would shutter all virtual currency exchanges in the country, although the president’s office said the decision was not yet confirmed.
The ban proposal has already taken its toll on the markets, with global markets losing more than $106 billion after Park’s comments yesterday.
Chang Seung-woo, a spokesperson for the Ministry of Justice, confirmed the minister’s words but could not elaborate on plans. “Regulations for the closure of cryptocurrency exchanges have been in preparation and we plan to cooperate with related departments to approach the issue,” he said by phone.
A local report, which Chang did not verify, claimed the government’s draft would be revealed this month with an aim to finalize regulations in the first quarter of the year. The legislation would supposedly include a ban on handling crypto tokens through exchanges without exception -- plus seven years of imprisonment for the CEOs of the crypto exchanges.
In recent weeks, a pan-government task force led by the Ministry of Justice has been evaluating the cryptocurrency industry to form regulations on taxation, anti-money laundering and fraud prevention, as well as a ban on initial coin offerings (ICOs). The feverish trade volume -- Korean won is the second-most-traded fiat currency for Ether behind the U.S. dollar -- has even triggered Prime Minister Lee Nak-yeon to claim cryptocurrency might steer the youth toward crime.
But not all decision-makers are on board with the justice ministry’s apparent plans. The conservative main opposition Liberty Korea Party floor leader Kim Sung-tae claimed the government’s actions have turned the local cryptocurrency market into a “rollercoaster.” On Friday, Finance Minister Kim Dong-yeon also said Park’s proposal needed more consultation with other ministries.
The government this week said it has conducted field investigations at major banks involved with cryptocurrency to evaluate their internal controls on cryptocurrency-related money laundering prevention and identity verification. Reports also claim local cryptocurrency exchanges including Bithumb, Coinone and Korbit were raided for alleged tax evasion.
“We are currently doing our best to comply with the autonomous regulation of the Korea Blockchain Association and also actively cooperating with the government,” Lee Sangyoup, a spokesperson for NXC Corp, a holding company that owns major cryptocurrency exchange Korbit, said by email.
The Korea Blockchain Association, whose 50-some member companies include Coinone and Korbit, imposed self-regulatory measures such as limiting cryptocurrency accounts to one per person on each exchange and an identity verification procedure.
Why So Serious?
Seo Hee-jin inspects an application-specific integrated circuit (ASIC) device and power unit, manufactured by Bitmain Technologies Inc., at her cryptocurrency mining facility in Incheon, South Korea, on Friday, Dec. 15, 2017. Hedge funds are pulling out of gold bets as more exciting moves in equities and cryptocurrencies make safe-haven investments look boring. Photographer: SeongJoon Cho/Bloomberg
South Korean regulators have a history of hard-line stances on speculative investments, from their blanket ban on gambling to heavy taxes on multiple-home owners, says Hoseok Jung, managing partner at Seum Law. “The Ministry of Justice associates cryptocurrency trading with gambling, and therefore, they believe that they can promote the closure of exchanges as they would with casinos,” Jung said by email.
But he said the MOJ's interpretation has conflicting opinions within the government as well, adding that some in the legal field also see it as overblown. “If it can’t be viewed as gambling, the closure of cryptocurrency exchanges might be viewed as a violation of the constitution, which promotes the security of the people’s assets,” he added.
Kim Jin-hwa, co-representative of the Korea Blockchain Association, said the Ministry of Justice has “no legal basis” to close the cryptocurrency exchanges, leading the government to pursue legislation. He claimed the regulation ideas reflect the government’s low understanding of the technology involved.
“Of course, we believe that complete closure makes absolutely no sense at all. What we hope for is a fair and sound regulation,” Kim said by phone, noting the association’s self-regulation. “If a legislation is made, then it has to be one that protects the market and its investors.”
If the government submits a bill, Kim said the chances of the National Assembly passing it are “extremely slim,” adding that the association would submit its opinions to parliament.
The legislation process would also be a lengthy one, unlike the almost-overnight trade bans in China last year. A government proposal to National Assembly would require evaluation by the standing committee, then the legislation committee and judiciary committee, and voting in the National Assembly plenary session with the majority of lawmakers present, Jung explained. If it passes, a president’s notice would be issued within 15 days, and the legislation would finally take effect after a 20-day notice.
“The passing of regulation can vary depending on the schedule of the National Assembly, but we can say that it could take at least six months to one year,” Jung said.
But he didn't expect for investors to hold the short end of the stick if the exchanges went under. In the end, if cryptocurrency exchanges were to close, investors would get a grace period to liquidate or transfer their assets to overseas exchanges, he added.
Former ‘’Four Banks‘’ Top Security Expert Zhang Anwen Joins TRON
Tron LabsJan 12
Following the joining of the technical experts, today, January 12, TRON officially announced the joining of Evan (Zhang Anwen), a senior technical expert in blockchain.
As a top expert in blockchain, the joining of Zhang Anwen means that the landscape of TRON in blockchain will further extend to the technical research direction, especially the security direction.
Zhang Anwen (Evan)
He has been a top student since middle school and graduated from Peking University, with project experiences in hundreds of millions of level. He is proficient in cos system architecture of usb key, platform development and application logic. He is also proficient in security systems and cryptographic algorithms. He has been responsible for the cosmic development, USBKey security assessments and security protocols adjustments of four major commercial banks such as ICBC, Agricultural Bank of China, Bank of China and China Construction Bank, as well as small and medium banks such as Minsheng Bank, CITIC Bank, Beijing Rural Commercial Bank and Bohai Bank.
Before joining TRON, Zhang Anwen served as Blockchain R&D project manager at Shenzhen Wending Data Technology Co., Ltd., a leading data security products provider supplying USBKey and smart card related security hardware products, with Blockchain project as an emphasis of the company.
Zhang Anwen (Evan) is mainly responsible for the cos design, development of key bank customers, blockchain strategic project development, Bitcoin wallet development projects etc. Not only is he familiar with P2P technology, the typical implementation of blockchain such as Ethereum and Hyperledger, and distributed consistency algorithm, but also has profound understanding towards blockchain consensus algorithm. In TRON, he has completed the pin code authentication process, bluetooth application matching and has a large number of patent applications, with rich management experience.
Justin Sun (Sun Yuchen), founder of TRON, said: “With large numbers of high-end technical engineers we hired, our existing technologies and models have been optimized. We look forward to the joining of excellent engineers in the future. TRON team will continue to work on technical research and promote better real-world applications.”
TRON is a blockchain-based decentralized protocol that aims to construct a worldwide free content entertainment system with the blockchain and distributed storage technology. The protocol allows each user to freely publish, store and own data, and in the decentralized autonomous form, decides the distribution, subscription and push of contents and enables content creators by releasing, circulating and dealing with digital assets, thus forming a decentralized content entertainment ecosystem.
Tron was founded by Justin Sun, the former chief representative for Greater China of Ripple. Justin was featured in 2015&2017 Forbes China 30 under 30, 2017 Forbes Asia 30 under 30 and was a member of the first batch of entrepreneurs at Hupan University, an elite business school established by Jack Ma, the founder of Alibaba Group.
According to Coinmarketcap by January 5, 2018, Tron is the 6th among the top 10 crypto currencies, with a total market cap over 15.3 billion USD, daily trading volume of 4.6 billion USD, there are at least 350,000 TRX holders around the world.
got some of that BAR........https://ico.tbis.io/register/?ref=bG5qOUxQ.....yes thats my referral code...
Look at the chart on Trading View. When you see a lot of coins being bought or buying volume spikes but the price is not increasing that much, it means people in the know are accumulating. You don't know exactly when its going to take off, but you do know that it will, so you buy some at the low price in the trading range.
Yeah it took like an hour and my BARs were there. Did you use metamask to buy?
Mine show on both the Adshares sight and myetherwallet. Also, I realized we could have copped off exchange for almost same price. It was a little more priceynon exchange though
what exchange? and are you in the states??
I am waiting for it to be added to exchange. It is a HODL for me
I bought from their ICO site. But it is on Cruptopia for more than the ICO price. I am in the states
Fuck yeah...We tripled our money already! $3.32
Damn I mist of missed when yall spoke about this one!! Congrats to the winners!!
yea these dudes aint playin... but dont worry this ico game is just getting started...
gonna be a lot of opportunities to make some cash this year..
lets keep sharin dat knowledge
Took a look at his timeline to see if this guy’s had made any reasonable predictions and he seems more of a cheerleader for his own holdings than a solid predictor. Don’t get me wrong, I’ve got some of what he’s posting there and if those predictions hold true, I’m saying fuck the world in 2018(or at my job), but TRX would need to have a cap of $325B by the end of this year. Current cap for the whole market sits at $725B as I type.
If y’all haven’t been following Bill’s account he drops gems consistently and does callbacks of when he first tweeted to show proof. I don’t fuck with many others for the crypto advice outside of him and he ain’t failed me yet.
Yeah for sure @largebillsonlyplease is that dude, he has me playing with all house money at this point and a lot of it. And can never forget one of the first early gems dropped by @LegalMoney. Many OGs in this thread respect to them all.
Similar threads
