It just got more bizarre

https://www.chepicap.com/en/news/8000/mothership-receive-private-keys-from-cryptopia-hacker-16-8m-msp-returned.html

You can reduce your own risks by ensuring you consistently adhere to good security protocol.

Use strong passwords
Use computers that are clean of malware with current reputable antivirus
Store your HODL stash in cold wallets or a Trezor
Don't keep crypto on exchanges unless trading with it.
Always use dynamic 2FA wherever you can.
Don't tie your email address to your cellphone number.
Txt is insecure and phone jacking is a real threat.


For loss due to market fluctuations.

You can short and long positions to hedge your risk.

Anonymous team, Anonymous registration, with the first posts all clearly shill sockpuppets. Likely just another scam.

There is already a thread in meta about the sockpuppets in this thread.



With coverage not available in countries that prosecute scammers.



For a premium of 8% per annum on low risk exchanges. 

I know nothing about the Adab Exchange or the people that run it.


What you are saying is factually incorrect and Islamophobic. I doubt that you are sufficiently knowledgeable in the subject to judge it from a religious perspective. Have you studied the Holy Quran ?

It may well be a scam but what I was reading is a misinterpretation of Sharia. Rather than insulting the religion you could concentrate on presenting facts showing this is a scam.


You are in a greater need of a little manners than a great deal of knowledge. - Ibn al-Mubarak
Manners are a pre-requisite to conveying knowledge because the message may be incredible but if the attitude is incorrect then it'll be of no use.

Is it listed on binance ? I couldn't find it on there. I can only see cryptopia and coinexchange on coinmarketcap. Cryptopia has the markets paused and coinexchange has that warning and very low volume.

I believe that a large motivation behind this is that Craig Wright wants to "salvage" old wallet balances.

i.e. take the balances from dormant wallets and coins that were deliberately burned.

Something he has publicly stated:
https://medium.com/@craig_10243/fixing-op-fals-fd157899d2b7

Bitcoin Cash forked into BCH ABC and BCH SV

The split can be viewed here https://cash.coin.dance/


Basically - BCH ABC had more hashrate and support.  Both sides claim to have achieved some sort of victory.

It has scared away customers not only from their coin but from crypto in general.

YAY - winners !

Bitcoin is dropping because:

It is still a small child and has to learn to walk before it can run.
It is affected by the loss of confidence of a lot of new people to Crypto (depressive Bear market)
It is re-adjusting because the manic Bull market pushed the price up too high.
It is re-adjusting because USD Tether might have manipulated the market.
It is seeing a selloff by speculators wanting to take advantage of the BCash ABC & SV fork.
Because bitcoin has evolved in cycles that require re-adjustment in value from time to time.

Just buy more...

Any fork of a major coin usually causes other Crypto to be sold off (like what happened this time as well as with the BTC/BCH fork, BTC/BTG fork and ETH/ETC fork - but that was in a Bull market) but th forked coin combined value in a Bull market usually rises.

This fork occurred in a Bear market and saw the combined value of the forked coin plummet. I'm excited about the flurry of trading that will occur (it causes funds to circulate in the crypto economy) but I expect both ABC and SV holders to be disappointed in the end while both coins will claim ultimate victory.

Prediction:

People who drove the BCH ABC & BCH SV split will now have a exchange war.

Everyone that had BCH can split it and for every BCH get 1 ABC and 1 SV

The ABC and SV crowd are dumping their BTC to buy or mine ABC or SV


Those that want SV are selling their ABC because 1 ABC = 2 SV.

This is driving the SV price upwards.

Once the SV reaches a certain level the ABC crowd will sell their SV and buy ABC back - driving SV down and ABC up.

This will go on for some time.

Eventually the ABC and SV crowds will HODL their centralized alt coins while cheap BTC is bought by those looking and laughing from the sidelines.

.


I agree. Those that HODL are not affected by fluctuations.
Those that use BTC for transactions are not fazed by Bears, Bulls or Bored critics.
Those that look at ventures involving bitcoin see new opportunities.

It may take some time for the next manic market.

As time goes by the whales will sell their stash and their control will dilute.

Some whales are not interested in manipulation.

Over time as the fiat value of BTC increases and BTC holdings get diluted the definition of a whale will change.

1000 BTC
100 BTC
10 BTC
1 BTC
0.1 BTC etc

How many 2009 whales still have their entire stash ?

You are better putting at least half of it in Bitcoin. You may make more on alts but you can also lose the lot. 51% attacks are common. As market caps plummet coins don't have enough reserves to pay for their development (unless they have a very enthusiastic development team that is working for free). I think the market will bleed for some time. There may be an over correction where coins are selling below their raw cost to mine with the most efficient equipment at the lowest power prices before it goes up again.

Altcoins can make big gains but also can result in total loss. I certainly won't be guided by other peoples recommendations (trying to pump their bags).

Low market cap, good dev team, good real world usage and previous proven value is what I'll be looking for.

why ? don't you trust exchanges anymore ? did all the exchanges lose coins when the Aurumcoin got hacked ?

https://www.coinexchange.io/news/post/64/

Google translate from Russian.

populachali = пoпyлaчaли
 
The translation converted it from Cyrillic to Latin alphabet but didn't translate.

Roughly translated as "crying".

I think he means herd that is there for the coin for free handouts. (Rain, tears, airdrop) 

How do you know that they have no vetting system in place ?

Your first premise that it is "money" is incorrect. In a lot of jurisdictions Bitcoin is considered a digital asset and has no legal tender status. It is more of a "financial product".

How Sharia applies to Islamic financial transactions:

Sharia prohibits riba, or usury, defined as interest paid on all loans of money.
Investing in businesses involved in activities that are forbidden (haraam).
Charging extra for late payment.
Maisir. This is usually translated as "gambling" but used to mean "speculation" in Islamic finance
Gharar This is usually translated as "uncertainty" or "ambiguity". Bans on both maisir and gharar tend to rule out derivatives, options and futures.
Engaging in transactions lacking "`material finality`. All transactions must be "directly linked to a real underlying economic transaction", which excludes "options and most other derivatives"

In general -Islamic financial institutions do the following:

Islamic institutions are to collect zakat (obligatory religious gift)
A board of Shariah experts is to supervise and advise each Islamic bank on the propriety of transactions to "ensure that all activities are in line with Islamic principles".
Risk sharing. symmetrical risk and return on distribution to participants so that no one benefits disproportionately from the transaction.

Customary practice is to take the word of clients that they will not use funds for unIslamic activities and do not deposit funds derived from unIslamic activities.

Because compliance with shariah law is crucial in Islamic finance, Islamic banks and banking institutions that offer Islamic banking products and services should establish a Shariah Supervisory Board (SSB) — to advise them on whether or not some proposed transactions or products follows the Sharia, and to ensure that the operations and activities of the banking institutions comply with Shariah principles

According to various Islamic banking organizations some requirements for SSBs include:

- That they be composed of jurists specializing in fiqh al-muamalat i.e. Islamic commercial jurisprudence, (Accounting and Auditing Organization for Islamic Financial Institutions, AAOIFI)
- Their fatwas (legal opinions) and ruling be binding, (AAOIFI)
- That they have at least three members, (Institute of Islamic Banking and Insurance)
- That their members not be employees of the financial institution they supervise;
- Be appointed and have their remuneration set by a "general assembly" rather than the institution's board of directors, (International Association of Islamic Banks).

In addition, their duties should include:
- Calculating zakat payable by Islamic financial institutions, (AAOIFI);
- Disposing of non-shariah-compliant income, (AAOIFI);
- Advising on the distribution of income among investors and shareholders, (AAOIFI).

Source: https://en.wikipedia.org/wiki/Islamic_banking_and_finance

The following are commonly utilized practices:

That their SSB members not be employees of the financial institution they supervise. It is the task of the SSB to advise them on whether or not some proposed transactions or products follows the Sharia.
Customary practice is to take the word of clients that they will not use funds for un-Islamic activities and do not deposit funds derived from un-Islamic activities.
Just like it is customary practice for restaurants to accept Halal certified meat from their supplier.
Disposing of non-shariah-compliant income.
Questionable transactions can be disposed of or returned to the customer that deposited it.
Analysis software like Chainalysis can be used for "Know Your Transaction" checking.
KYC can be used to ensure clients are of good standing.

Other exchanges often offer other services like gambling, futures, options, derivatives, Haram tokens / coins and interest bearing crypto would obviously be excluded,

These directly challenge the assertions that you have made.

While I agree that ensuring that "Haram" transactions are avoided altogether would be a near impossible challenge - the same criticism has been made of the entire Islamic banking system.  

Facing a challenging task in my opinion it doesn't make it a fraud.  The person who knowingly certifies their deposited Haram funds as Halal commits an ithm. (unlawful deed (sin) committed intentionally)

It would be like a restaurant buying certified Halal meat where the seller certifies that it is Halal but is lying. The restaurant does not knowingly sell Haraam meat.


Quran 33:5

Any update on this ?

What coin ? I asked before. What is the transaction ID ?

It is hard to believe a newbie account that only posts in this thread and sends 27 BTC  to an exchange that has a couple of million users and is the only one having trouble and refuses to provide any proof.

People spend too much time liking political posts and writing long comments on social media that nobody reads.

Moaning on social media doesn't bring about political change.  While people moan their privacy and freedom is being stripped away.

DEX technology is still very new.
Cryptocurrency itself is still very much new and not yet perfected.
DEXs are still far from decentralized.
I don't have much confidence in any of them. Who do you sue if things go wrong ?