Background info and about mumerous Crypto currencies

Struthers has been pretty much dead on picking the crypto top and correction. I am surprised not much chatter here. I guess nobody owns this crypto crap

Trudeau government now going after crypto with Emergency Act. This week Biden suppose to issue executive order on crypto. I doubt it will be good news

Down they go, no surprise

Once something is worth enough, government fingers come into the pie

The Treasury Department announced that it will require any transfer worth $10,000 or more to be reported to the IRS.
“Cryptocurrency already poses a significant detection problem by facilitating illegal activity broadly including tax evasion,” the Treasury said.
Investors have seen the value of bitcoin slide about 25% over the past month and talk of capitulation creep into online forums.

www.cnbc.com/2021/05/20/us-treasury-call...liance-with-irs.html

Not many boomers own crypto, interesting chart

This topic has been dead. Ron your timing was good 2 years ago to bring up crypto currency.

Now it's a bubble

Can you post a link to todays article when you can

What Start-ups Need to Know About ICOs – The Newest Way to Raise Funds

As the world shifts toward a cashless economy, ICOs (Initial Coin Offerings) have emerged as a brand-new financing model, especially for start-ups. An ICO is intended to help those with limited resources raise funds for their new project or idea by releasing their own cyptocurrency tokens. These tokens attract optimistic investors in the global blockchain community who fund these start-ups by purchasing the tokens.

Less than 1% of start-ups that opt for the traditional venture capital route actually receive funding. On the other hand, 90% of projects that are set to seed funds via ICOs reach their fundraising goals.

ICOs are gaining popularity among the start-up community, largely due to more rapid funding and fewer regulations. Also, the process of running an ICO is less rigid and daunting than crowdfunding via traditional avenues. Start-ups don’t have to prove their ideas in the marketplace to obtain funds. The process is very simple: create a website, pre-announce the token sale, publish the terms in a white paper, and tell the story and vision of the project. That’s enough for investors!

Planning an ICO for Your Start-up

Since an ICO is an open and unregulated system, investors often worry about the ambiguity of utility tokens and significant risks, such as taxable proceeds.

In order to popularize your token among crypto investors, you must prioritize the authenticity and transparency of your project. With many ICOs being established every day, you have to prove your legitimacy to your potential investors. You must clearly convey how your crypto token is expected to acquire more value as your project grows. Your ICO token needs transparent and identifiable goals and the ability to solve a particular problem.

To educate you more on ICOs, we decided to share a great resource for anyone looking into this revolutionary financing model. The infographic from BTXchange you’ll also find below shares the history and evolution of ICOs, the latest trends, the positives and negatives behind ICOs, and much more to help you decide if an ICO is the right avenue for you.


Infographic URL: btxchange.io/ico-roundups-infographic/

The report, which looks at the global anti-money laundering market, showed that in the first six months of the year a total of $761 million was stolen from digital currency exchanges, compared with about $266 million for the whole of 2017.

The losses could rise to $1.5 billion this year, estimated CipherTrace, which is launching a software to help exchanges and hedge funds that use or trade cryptocurrencies comply with anti-money laundering laws.

www.reuters.com/article/us-crypto-curren...report-idUSKBN1JT1Q5

How would your crypto currency survive this?

Sunday, June 17, 2018

Divers recovering artifacts off the steamship Pulaski have made an eerie find that gives credence to eyewitness accounts of the night the ship sank in 1838, taking some of the nation's richest people to the bottom of the Atlantic.

A mysterious "grapefruit-sized" encrustation found at the site off North Carolina's coast turned out to be a heavily decorated solid gold pocket watch attached to a gold chain.

However, what has historians buzzing is that the watch's hands are frozen at 11:05.

That's 5 minutes after the time witnesses say the ship's boilers exploded on the night of June 14, 1838. The dramatic sinking, often referred to as "the Titanic of its time," occurred 180 years ago this month. ...

The divers have found items valued in the hundreds of thousands of dollars, including 150 gold and silver coins dating back to 1759. ...

www.charlotteobserver.com/news/local/article213337689.html

These cryptos sure been hit hard

Friday, April 6, 2018

MUMBAI, India -- India's central bank today barred banks from having any links to virtual currency dealers, slashing the prices of bitcoin and other crypto-currencies on local exchanges.

Pakistan's central bank said in a separate statement late on Friday that crypto-currencies were not legal in the country.

The State Bank of Pakistan told banks and other financial services providers to refuse customers seeking crypto-currency transactions

The Securities and Exchange Commission has issued dozens of subpoenas and information requests to technology companies and advisers involved in the red-hot market for cryptocurrencies, according to people familiar with the matter.

www.wsj.com/articles/sec-launches-crypto...ncy-probe-1519856266

Another nail in the crypto coffin

JPMorgan Chase & Co., Bank of America Corp., and Citigroup Inc. said they're halting purchases of bitcoin and other cryptocurrencies on their credit cards. JPMorgan, enacting the ban today, doesn't want the credit risk associated with the transactions, company spokeswoman Mary Jane Rogers said.

Bank of America started declining credit card transactions with known crypto exchanges on Friday. The policy applies to all personal and business credit cards, according to a memo. It doesn't affect debit cards, said company spokeswoman Betty Riess.

www.bloomberg.com/news/articles/2018-02-...ions-on-credit-cards

GB, that is hilarious, glad I sold my BLOC too. Bitcoin went below $8,000 today. Wonder where the bottom will be


www.cnbc.com/2018/02/02/bitcoin-price-dr...me-since-nov-24.html