Whereas it may be true that real estate is experiencing greater cases of money laundering, its cryptocurrency related cases that have a potential to cause global financial instabilities. It is the money laundering in crypto business that can put global financial stability at risk,  to which reason G20 governments have called for a quick review on global anti-money laundering (AML) standard to see how it can be applied to cryptocurrency;
https://www.coindesk.com/g20-eyes-october-deadline-for-crypto-anti-money-laundering-standard/

Whereas it cannot be doubted that what was on Satoshi Nakamoto’s mind when he was inventing Bitcoin was certainly to create a digital currency for real-world application, that potential has eventually unfolded into reality but with some hardy limitations; the allure to criminal hand and long transaction confirmation procedures are some of them.  The high price of Bitcoin has made world investors to see it as a store of value just like gold and hence are much inclined to store their money in it other than actually using it for regular transactions. This has unfortunately attracted criminal hands with an ever increasing magnitude of incidents of crime, related to Bitcoin. Reports emerged in May 2018 of a Bitcoin millionaire in St. Petersburg who killed himself after his £280k was stolen from his flat few days after posting bundles of cash on a social network.
Similarly besides its high value, the anonymous and untraceable nature of Bitcoin transactions makes it such a perfect currency for criminals. Bitcoin has attracted considerable adoption by criminal dealers on dark marketplaces using it as a convenient medium of exchange. From drug gangs in Spain, money launderers in the US, cyber-crime gangs in Russia to kidnappers in Turkey; all have found motivation and convenience in using Bitcoin and other cryptocurrencies to complete their underworld transactions unnoticed. Just last December, Scotland Yard reported that Bitcoin was being “used by CRIMINALS to launder illicit funds.” Another research was published in January of 2018 in the Independent (UK), suggesting that “Bitcoin price is so high because criminals are using it for illegal trades”.
On another note, to increase payment security, the Bitcoin network has created a long transaction processing procedure. Transactions on Bitcoin-blockchain are recorded only once every 10 minutes, but it takes a standard period of 50 minutes more to wait for each new record to appear because the records frequently rollback. Assuming that we make conventional money to disappear and we all adopt Bitcoin as a universal currency, how would it feel to standard in a queue for one hour at your favorite store just to buy a snack?
While the invention of Bitcoin was a real breakthrough, the real limitation to full and mainstream adoption lies in difficult usability. Is it possible to keep cryptocurrency from criminal reach while maintaining its anonymous and untraceable transactions? Is it possible to break down its high price into handy amounts while preserving its value? Is it not possible to make its confirmation procedures in completing transactions quick enough to encourage mass adoption?

You do really have a point

Hmm! This is thought provoking

I agree with you up to the point that they do not run this world.

But personally, i think that in terms of Internet and social media adverts, they are very important

Is this something we should rejoice over and how will these impact in Crypo Space?




Facebook allows Coinbase to advertize in the social network.
Google includes major coins in the exchange rate converter.
The largest global social network white listed Coinbase from its advertizing ban for cryptocurrency and ICO related companies. The news popped up on Saturday when CEO of the US-based crypto exchange Brian Armstrong posted a tweet with attached Coinbase ad in Facebook:

"Facebook banned ads for crypto earlier this year. Proud to say we've now been white listed and are back introducing more people to an open financial system."

The community cheered the news while the post gathered over 160 comments.

Meanwhile, Google also seems to have warmed up towards digital assets and added Bitcoin, Bitcoin Cash, Ethereum and Litecoin to its online currency exchange converter. If a user searches Google for these coins, the system automatically displays their exchange rates for these coins in user's local currency.

It is worth noting that Google's rates differ from CoinMarketCap data, while the source of quotes is not readily available.

Earlier we reported that Google's co-founder Sergey Brin confessed that he had been mining Ethereum together with his ten-year-old son.

All major cryptocurrencies have started the week in a green zone. Bitcoin is one of the growth leader: the coin gained 4% on a daily basis and jumped above $7,700 handle. Ethereum climbed 1% higher to $467, while XRP settled at $0.4592, 2% higher on a daily basis. Bitcoin Cash is changing hands at $827, up5.5%.

The price of bitcoin BTC continues its recovery, with a further gain of 1 per cent over the last 24 hours, according to CoinMarketCap.
 
Bitcoin: $7,457
Ethereum: $463
Ripple: $0.45
Bitcoin Cash: $791
EOS: $8.36
 
Unfortunately for the rest of the top five cryptocurrencies, the overall market has suffered from heavy losses since this time yesterday. Ethereum, ripple, bitcoin cash and EOS all fell by between 2 and 6 per cent.

Your opinion is well noted. I will see it again, this time with your opinion on my mind

I understand your uncle's fear.

He is grew up when bank was the ONLY OPTION.

But now BTC is the way. Show him statistics, facts and figures and i bet you, HE WILL UNDERSTAND.

BITCOIN’s rise back above $7,500 for the first time in a month has been met with suspicion from American economist Nouriel Roubini who claims that “price manipulation” triggered the 10 percent price spike in just 30 minutes.

Bitcoin had a strong breakout yesterday jumping 10 percent in just 30 minutes, reaching a high of $7,523.

The cryptocurrency failed to settle above the $7,500 mark as the day progressed but King of Crypto Barry Silbert said signs are "starting to look pretty good" for bitcoin.

Speaking to CNBC, Mr Silbert said: "A lot of people were looking for the bottom, a lot of institutional money looking with dry power looking for an opportunity to go in and I think the bears just ran out energy, ran out of bitcoin to sell.

"I think from a technical perspective it’s starting to look pretty good. When the chair of the FED says negative things about bitcoin, and Howard Marx says negative things about bitcoin, and bitcoin doesn’t move I think that’s a really bullish sign."

BTC is trading at $7,418.91 as of 12 pm BST on July 20.

The rest of the market also saw significant gains because of bitcoin’s unexpected price growth, with Ethereum trading for $461, Ripple for $0.46, and Litecoin for $85.37, according to Coindesk.

As a result of the near $600 price jump, bitcoin added some $9 billion to its market cap in a matter of minutes.

But Bitcoin prices are expected to take another hit today as the US Congress issues its judgement on whether the cryptocurrency and its peers can be categorised as real money and be regulated like traditional currencies.

Congress is set to "evaluate the merits of any uses by central banks of cryptocurrencies, and discuss the future of both cryptocurrencies and physical cash."

Guy Hirsch, US Managing Director of eToro, told Express.co.uk that “today’s hearings are a great step in the right direction."

He said: "We encourage regulators to hear more from good actors and companies with an international presence since they would be valuable to this discussion in Congress.

"Cryptocurrencies are by design global assets and companies with a global perspective are uniquely positioned to help regulators better understand the diverse regulatory approaches and best practices.

"Any law that Congress will pass affecting cryptocurrencies will have a global impact on foreign companies that are doing business in the US or want to enter the US market and therefore it is important for US lawmakers to facilitate dialogue with other nations on this matter."

Source: https://www.express.co.uk/finance/city/991139/Bitcoin-price-BTC-cryptocurrency-latest-Barry-Silbert-BTC-USD-money-Congress-news

And who wants to be a slave for life. BTC is the way

You are very correct. Government approval does not matter.

BITCOIN's recovery could continue today with all eyes on Capitol Hill this afternoon as the US executive prepares to take up the crypto challenge. Any move towards regulation could send prices soaring and one expert described the talks as a, "great step in the right direction".

The crypto community will watch and wait today with two US House of Representatives Committees hearing on the movement of digital assets into the centre of American life?

The Financial Policy Subcommittee hearing will examine "the extent to which the United States government should consider cryptocurrencies as money," while the House Committee on Agriculture will focus on the emergence of "digital assets".

Congress is set to "evaluate the merits of any uses by central banks of cryptocurrencies, and discuss the future of both cryptocurrencies and physical cash."

Guy Hirsch, US Managing Director of eToro, told Express.co.uk that “today’s hearings are a great step in the right direction."

He said: "We encourage regulators to hear more from good actors and companies with an international presence since they would be valuable to this discussion in Congress.

"Cryptocurrencies are by design global assets and companies with global perspective are uniquely positioned to help regulators better understand the diverse regulatory approaches and best practices.

"Any law that Congress will pass affecting cryptocurrencies will have global impact on foreign companies that are doing business in the US or want to enter the US market and therefore it is important for US lawmakers to facilitate dialogue with other nations on this matter."

On the challenges for Congress he adds that digital assets have properties that don’t apply to our current understanding of securities or commodities.

He adds that while it makes sense to classify some tokens as securities, others are more accurately classified as currency or commodities, or perhaps a new asset class altogether.

He said: "Our industry should provide education and support for regulators to define a framework that will lead to logical and growth-oriented classification of each crypto.”

Source: https://www.express.co.uk/finance/city/991116/Bitcoin-price-ripple-cryptocurrency-ethereum-BTC-to-USD-XRP-news

Bitcoin BTC was born out of a distrust for traditional markets and a desire to establish a new system, free from brokers or bankers. But as the value of many cryptocurrencies rise, so does people's uneasiness with being the only one with access to their digital fortune.

Investors are finding that the system's high-security makes it easy for them to get locked out.

Currently there are more than 3 million bitcoins that have been lost, according to blockchain tracking company Chainalysis. Since bitcoin was created in a way that makes its supply finite, that means that 14 percent of the currency could be gone for good.

"All the hackers in the world are targeting cryptocurrencies."
-Eric Larcheveque, CEO of cryptocurrency security company Ledger Wallet

What are the safety measures to prevent Bitcoin from going up in the smoke?

Hey everyone! We have some updates for everyone participating in the WorkCoin Raffle! Our first drawing will be tomorrow at 1 PM PST on Facebook Live. Remember, you need to submit your share links to get your entries. Check out the spreadsheet to see the latest submissions. In the meantime, keep sharing so you can get some more entries to win Ethereum and WorkCoin! Send me a message if you have any questions!

Thanks for participating!

Shut Down Program, Please Message for More Info

We are shooting for the last week of November. Will send you a message as soon as it's up!

Nice catch, thank you!

Appreciate that very much!