Logical Ban or How To Account For Cryptocurrencies

Logical Ban or How To Account For Cryptocurrencies

MasterCard adopts blockchain, US representatives ask IRS to clarify crypto tax guidance, Japan reacts to Zaif hack, Robinhood responds to accusations, California is against BTC in politics, ICO project is exposed

Pause for Thought

  • @udiWertheimer exposes the ICO project which states that it can compress a 2-minute video clip to 472 bytes.

Bitcoin

BTC
Price
8,744 USD -5.52%
Volume, 24h
3,497,717,274 USD
0.00%
Marketcap
153,922,072,217 USD
56%
Emission
84%

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How To Tell If Your Bitcoin Trading Platform Is Safe

Bitcoin trading, and the whole cryptocurrency market, in general, has become so popular since it first came to birth a decade ago. While many remain skeptical about Bitcoins, there is also no denying the fact that it enjoys so much popularity, with many more wanting to get their hands on this form of trade. Bitcoin, in essence, is a form of digital currency, which allows you to perform almost any kind of transaction online. However, as effective and popular as Bitcoins may be, you also cannot discount the fact that Bitcoin trading is with very little to no government regulation at all. Hence, you might easily fall into the hands of fraudsters and scammers. If you aren’t prudent enough, you are only going to lose your hard-earned investments rather than enjoy earning from it. That said, here are some of the telltale signs that can tell you whether or not your Bitcoin trading platform is safe: It Doesn’t Ask For Too Many Fees Here’s the real deal: most Bitcoin trading platforms, such as Bitcoin Rush, offer their services for free. Generally, the only amount that they will be asking from you is one which corresponds to your initial deposit. There are no hidden charges and no add-on fees. Whatever services you want to avail of in Bitcoin trading platforms, you can do so without payment. Most Bitcoin platforms require only the initial deposit of around 250 US dollars, an amount which will form the starting point of creating your Bitcoin wallet. Part of this amount will be used by trading platforms to generate trade and facilitate exchange. If the Bitcoin platform you encounter constantly asks for fees or payment for services, treat it as a red flag. As much as possible, always choose the trading platform that asks for a lesser amount of fees. It Is Permission-Less Legitimate Bitcoin trading platforms do not require you to click a link to ask for permission from a third party so you can use the platform. If you come across this kind of pop-up, then close it immediately and leave the trading platform. Chances are, this is fake. Or it might only be a scam or virus that is trying to infiltrate your system. Legitimate trading platforms can be used immediately after you install it in your system. There is no need for you to go through a gateway that asks for permission before you can start sending and receiving Bitcoins. It Is Free From Malware Downloads If you have been using your computer for various software and platforms, you would know that many fraudsters take advantage of malware or downloads, which they use to go through your computer. These are referred to as baits, which serve as traps that send a virus to your computer after clicking them. Because Bitcoin trading has little government regulation and security, scammers can trick first-time Bitcoin users into choosing their trading platform, wherein users are exposed to numerous pop-ups and links that bring viruses to their computer. However, while Bitcoins are new and aren’t yet a formal type of currency, this doesn’t mean that its trading platforms do not look or seem professional at all. Tech-savvy individuals in the computer industry made Bitcoins, so you can expect them to have the same expertise in creating professional-looking trading platforms. It Doesn’t Ask For Your Credit Card Details One of the main reasons why a lot of Internet users use Bitcoins for online or digital transactions is that they do not have to key in their credit card details anymore. After you have purchased Bitcoins, you can put all these in your digital wallet. If the online merchant’s payment portal accepts BTC or Bitcoin payments, then you can use Bitcoins to pay for whatever goods or services it is you want to avail of. You can do this even without your credit card details. When you sign up for Bitcoin trading platforms, much of the information they generally ask from you involve only your name, email address, and contact number. That is all they need for you to create an account. Anything beyond that, particularly bank and credit card details, should already be a red flag for you. The only time that a trading platform will ask for your bank details is when you are making a withdrawal request for any income or interest that you may have earned from your Bitcoins, which you can change into fiat money. It Doesn’t Offer Too-Good-To-Be-True Returns Overnight If you come across a trading platform that promises to double your investment overnight, you should certainly run away from it. No matter how advanced Bitcoin trading and cryptocurrencies may be, this also doesn’t mean that the returns they promise are guaranteed. No one gets rich with Bitcoins overnight. It also takes a lot of hard work, an understanding of algorithms, and speculation of the current market for Bitcoins to grow. Its Testimonials Are Great In line with the above-mentioned point on returns that are too good to be true, one of the best ways to tell if your Bitcoin trading platform is safe is to read through the testimonials. Legitimate Bitcoin trading platforms are open enough to show you their users’ testimonials and reviews before you sign up. These are open for the public to see. If this information is unavailable on their website, you can quickly check through your best friend, Google, and search to see if that platform comes in highly recommended or not. If there is any information that might sound off to you, then trust your instinct. Go ahead and look for another trading platform instead. This technique is one of the easiest ways you can stay away from major Bitcoin scams. Conclusion Putting your Bitcoins in a trading platform is like investing your money in funds or stocks, or your ATM card. If you aren’t careful enough to choose wisely, you are putting your investment in the wrong hands. You have to be wise enough to make the right decision. Because of its popularity, there are currently numerous Bitcoin trading platforms for you to choose from, and with the help of these parameters, you can now be more guided as to which option might be the safest. The post How To Tell If Your Bitcoin Trading Platform Is Safe appeared first on ZyCrypto.
ZyCrypto

Bitcoin’s price is taking a sharp U-Turn; where have all the Libra bulls gone?

Detour ahead. After enjoying a bullish few weeks during which Bitcoin rode into five-figure heaven on the back of Libra bulls, Bitcoin has endured a rude awakening. Regulation was always going to be a prominent roadblock for Facebook. This was proven so after everyone with an ounce of authority and screen-time launched a barrage of […] The post Bitcoin’s price is taking a sharp U-Turn; where have all the Libra bulls gone? appeared first on AMBCrypto.
AMBCrypto

Square Outsources for Designers to Bring about a ’Bitcoin For Everyone’ Cryptocurrency

Coinspeaker Square Outsources for Designers to Bring about a ’Bitcoin For Everyone’ CryptocurrencySquare, Inc., the Silicon Valley-based financial services, merchant services aggregator, and mobile payment company has relayed its intention to outsource for designers who could develop a “Bitcoin for Everyone” termed Square Crypto. Jack Dorsey endorsed project seeks recognition from both dApp developers and a wide range of users’ clientele.The payment processing and social media mogul speculates that well-established user experience would go a long way to be the major driving force for crypto widespread adoption. Postulating further Dorsey stated:“Unlike traditional design roles at cryptocurrency companies, this is a chance to focus on establishing the long term design vision of Bitcoin. You will work within the Square Crypto team and engage the broader open source developer community in order to make tangible forward progress toward this vision.”The idea, however, remains that just because the medium of transaction has high usability does not guarantee swift endorsement. Maintaining the fact that if a crypto token such as ‘Square Crypto’ with the capability of been accessible by all is designed, only then, would more and more people be interested in trying it out.Adding to this, it is pertinent to note that ‘Square’ is not in any way alone in this campaign to ensure that viable user experience is of utmost importance. As an integral part of the Square Crypto team, would involve working with a group of seasoned dApp developers as a Bitcoin PM. With an entire protocol – FIO – been designed to make wallets more usable and interoperable, Square Crypto is has decided to include design into its native core, so as to proffer designers with ample opportunity to structure the way Bitcoin would attain mainstream enactment.Developers’ RequirementThe Square Crypto’s ’Bitcoin For Everyone’ developer role is ideal for designers who possess the following features:Bitcoin Proponents with a heightened enthusiasm to supervise the design methodologies that would directly boost the Bitcoin’s utility over an elongated period of time.Passionate about growing the design and development community by inspiring other developers towards contributing to open-source Bitcoin. Active participant in the production of design presentations, deliverables, copies, redlines, mocks, and assets.Possesses an in-depth understanding of the inner workings of Bitcoin.Believes in the convenience and versatility of Bitcoin as a global digital currency with a prospective futuristic approach.Square Outsources for Designers to Bring about a ’Bitcoin For Everyone’ Cryptocurrency
Coinspeaker

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