Re: Anyone into Cryto currency?
Sometimes the little guy likes to dabble, not looking for a major profit if any, just looking for some experience.
Originally posted by Smough
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Re: Anyone into Cryto currency?
The Federal Reserve released a long-awaited review of the potential for creating a central bank digital currency Thursday, after months of delays. Ahead of making a decision, the Fed has asked the public to submit answers on 22 questions posed in the report.
The Federal Reserve has issued its CBDC report - Protocol — The people, power and politics of techComment
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Re: Anyone into Cryto currency?
This has been in the talks for a while now. The problem with any Fed electronic currency is it can be tracked and with that comes a social credit score, take China for example. I believe if and when the Fed goes total digital currency on us there will be other forms of barter without Fed involvement for tax purposes.
I wont go on about taxation and our government, they have wasted billions on unsuccessful military occupations in other countries, yet still squeeze the taxpayers while driving up the deficit each and every year.Comment
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Re: Anyone into Cryto currency?
Cryptocurrencies tumble, with bitcoin falling 15% and ether down 20%
Bitcoin prices fell sharply on Friday, while ether prices also dived, wiping off nearly $150 billion from the crypto market.
Bitcoin fell about 15% and was trading around $36,000 late Friday, according to Coin Metrics. Ether, the second-largest cryptocurrency by market cap, dived about 20% to trade around $2,500.
The declines in cryptocurrencies follow Wall Street losses on Thursday. The Nasdaq Composite lost 7.6% this week, and the S&P 500 fell 5.7% for its third straight weekly decline.
Rising rates have prompted investors to shed positions in riskier assets. Earlier this week, the benchmark 10-year Treasury yield traded above 1.9%.
The Federal Reserve have also indicated it plans to begin reducing its balance sheet, as well as tapering of bonds and raising interest rates.
A common investment case for bitcoin is that it serves as a hedge against rising inflation as a result of government stimulus, but analysts are saying the risk is that a more hawkish Federal Reserve may take the wind out of bitcoin’s sails.
As yields pulled back later in the week, however, foreign exchange trading firm Oanda senior market analyst Edward Moya said it was “a little disappointing to not see bitcoin react more positively to the reversal in Treasury yields.”
Bitcoin prices have fallen sharply since November, tumbling more than 40% from a record high of about $69,000.
Some experts warn that the crypto market could be heading toward a downturn soon, as heightened regulatory scrutiny and intense price fluctuations dampened bitcoin’s prospects.
Regulators are cracking down on cryptocurrencies too. China completely banning all crypto-related activities and U.S. authorities are also clamping down on certain aspects of the market.
In a Thursday note, Oanda’s Moya had predicted that bitcoin could tumble below $40,000 as Russia’s central bank had proposed a ban over the use and mining of cryptocurrencies on Russian territory, claiming the digital currency poses a risk to “financial stability and monetary policy sovereignty.”
Russia is among the top three countries for bitcoin mining, he noted.Comment
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Re: Anyone into Cryto currency?
A common investment case for bitcoin is that it serves as a hedge against rising inflation as a result of government stimulus, but analysts are saying the risk is that a more hawkish Federal Reserve
You don't say??!!Adversity temporarily visits a strong man but stays with the weak for a lifetime.Comment
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Re: Anyone into Cryto currency?
Continuing to fall. https://www.theblaze.com/news/crypto...-tensions-riseComment
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Re: Anyone into Cryto currency?
North Korean hackers said to have stolen nearly $400 million in cryptocurrency last year
North Korean hackers stole nearly $400 million worth of cryptocurrency in 2021, making it one of the most lucrative years to date for cybercriminals in the severely isolated country, according to a new report.
Hackers launched at least seven different attacks last year, primarily targeting investment firms and centralized exchanges with a variety of tactics, including phishing, malware and social engineering, according to the report from Chainalysis, a firm that tracks cryptocurrency. The cybercriminals worked to gain access to organizations' "hot" wallets — digital wallets that are connected to the internet — and then move funds into DPRK-controlled accounts.
The thefts are the latest indication that the heavily sanctioned country continues to rely on a network of hackers to help fund its domestic programs. A confidential United Nations report previously accused the regime of North Korea's leader, Kim Jong Un, of conducting "operations against financial institutions and virtual currency exchange houses" to pay for weapons and keep North Korea's economy afloat.
Last February, the US Justice Department charged three North Koreans for conspiring to steal more than $1.3 billion from banks and companies around the world and orchestrating digital heists of cryptocurrency.
"North Korea is, in most respects, cut off from the global financial system by a long sanctions campaign by the US and foreign partners." said Nick Carlsen, analyst at blockchain intelligence firm TRM Labs. "As a result they have taken to the digital battlefield to steal crypto in, essentially, [a] bank robbery at the speed of the internet, to fund weapons programs, nuclear proliferation and other destabilizing activities."
The North Korean hacking efforts have benefited from the surging value of cryptocurrencies. The rise in cryptocurrency prices and usage has generally made digital assets increasingly attractive to malicious actors, leading to more blockbuster crypto heists in 2021.
According to Chainalysis, most of last year's thefts were carried out by the Lazarus Group, a hacking group with links to North Korea that has previously been linked to the hack on Sony Pictures, among other incidents. The group has been hit with US sanctions.
There is little the United States or other countries can practically do to combat the North Korean crypto hacking activities, other than sanctions and defensive cybersecurity measures, as criminals face no real chance of extradition.
As the cryptocurrency market grows more popular, "we are likely to see continued interest by North Korea to target crypto businesses that are young and building out cyber defenses and anti-money laundering controls," said Carlsen.
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Re: Anyone into Cryto currency?
I follow Bitcoin and XRP multiple times per day. You are basically owning vapour similar to a casino.Originally posted by Roraka
I have put $12k into the EV industry. Lost 20% stock value right away but I am holding as global gas prices rise every day.Comment
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Re: Anyone into Cryto currency?
had an interesting day...
finally saw that they enabled advanced trading on coinbase and saw that shiba inu began to go up... did a trade and was quite happy with myself... my day off and all...
woke up... checked my account... all shiba inu gone... all cash from sale gone...
long story short... when I enabled advanced trading... coinbase attached my regular account to a coinbase pro account... that account was empty and hacked... the hacker used that account to convert... convert to bitcoin and siphon off the profit from my shiba inu transaction and convert all of my shiba inu into bitcoin and transfer it to themselves in 10 minutes... I have 10 transactions from coinbase to coinbase pro and 7 pages of very small transactions going from coinbase pro to the hacker... all of this occurred between noon yesterday and this morning... gotta love it...
I would feel bad except that I have had similiar experiences with crypto exchanges before...
I locked my account and informed coinbase... could not find a way to lock coinbase pro... so I contacted coinbase to lock that one as well...
I tell this to you to let you know... crypto is the wild west... everything you do... you do at your own risk... thankfully this did not hit my bank account... I have lost money due to crypto exchange negligence before to get $10000 stolen even for me thats rich... and after I upgraded thats whats the funniest part...
well lets just say I am going to pulling lots of overtime lolSad To Say I Don't Have a Life
I do this stuff on the weekends tooComment
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Re: Anyone into Cryto currency?
I received an email from coinbase... the hacker broke into my email account and then from there.... broke into my coinbase account and then tried to initiate a $25000 deposit into coinbase from my bank... that failed... then decided to go for my coinbase account outright... all of this was confirmed by my email account... all the proof was in the garbage... I changed my password on email and coinbase and bank account and am currently scanning pc...Sad To Say I Don't Have a Life
I do this stuff on the weekends tooComment
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Re: Anyone into Cryto currency?
that negates the idea of a refund since it was my fault... now that begs the question what antivirus scans emails....???Sad To Say I Don't Have a Life
I do this stuff on the weekends tooComment
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Re: Anyone into Cryto currency?
financially painful lesson... now all accounts are two factor authenticated...Sad To Say I Don't Have a Life
I do this stuff on the weekends tooComment
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Re: Anyone into Cryto currency?
latest update... talked to my identity theft people... they will watch for any problems but can't recover cash... they said file a police report... and file a fraud alert on experian...
talked to local police... they said its not their jurisdiction and gave me fbi ic3 complaint website to file a report... experian fraud alert is basically just a reminder to anyone looking into my credit that this might not be me and think carefully before doing transaction...
on the flip side... cops told me that someone in my area last week just got the same thing done to them... and they were on the hook for 40k... so my 10k isn't that bad... when you compare...
so be aware the internet criminals are doing the roundsSad To Say I Don't Have a Life
I do this stuff on the weekends tooComment
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