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On a related note, do you have to declare your bitcoin holdings in Schedule FA (Foreign Assets Declaration)?
According to a recent FAQ from IT dept, e-wallets need to be declared.
According to a recent FAQ from IT dept, e-wallets need to be declared.
This is something I was not aware of. Do you have some link on this?
I would argue that my bitcoins are held in India, and are not exactly foreign assets.
http://www.incometaxindia.gov.in/communications/circular/circular15_2015.pdf
please refer to pages 11-12
undeadbitcoiner: Let me clarify..
1. I had 2FA enabled on my bitstamp account
2. I did not receive any trade confirmation email...the thief was an insider (bitstamp)...look at my original post, the thief logged in...placed a limit order AND THEN changed password
nefron: My guess is as good as yours...the thief perhaps knew there was money deposited in my account & quickly decamped with bitcoins.
Yes Microsoft does provide IP's and I have asked for details including mails received/ deleted.
That is what the proof of his account was either not secured (2FA Enabled but not was Activated) and his Email also was either in control of others or 2FA was not enabled.
We doing trade of just 100$ we use to activate 2FA and till now everything is well and every time we are been notified how could he invest 1500$ and just leave it its just like you have a Diamond Necklace you keep in your room, you are staying in your leaving room so windows of your room are open so anyone could hookup and take it out so latter in night you cant say that I was in my house but still my Necklace lost.
When you have 1500$ worth necklace in you room do you leave you window open? of course not. In such case you would be blamed not that thief.
1. I had 2FA enabled on my bitstamp account
2. I did not receive any trade confirmation email...the thief was an insider (bitstamp)...look at my original post, the thief logged in...placed a limit order AND THEN changed password
nefron: My guess is as good as yours...the thief perhaps knew there was money deposited in my account & quickly decamped with bitcoins.
Yes Microsoft does provide IP's and I have asked for details including mails received/ deleted.
Quote
2013-12-27 17:26:07 96.47.226.22 Logged in
2013-12-27 10:32:48 122.172.192.2 Logged in
2013-12-27 10:32:48 122.172.192.2 Logged in
Quote
If seed in server database got compromised, then every ones account in Bitstamp is also compromised, not only his account & so far no one complained except him.
That is what the proof of his account was either not secured (2FA Enabled but not was Activated) and his Email also was either in control of others or 2FA was not enabled.
We doing trade of just 100$ we use to activate 2FA and till now everything is well and every time we are been notified how could he invest 1500$ and just leave it its just like you have a Diamond Necklace you keep in your room, you are staying in your leaving room so windows of your room are open so anyone could hookup and take it out so latter in night you cant say that I was in my house but still my Necklace lost.
When you have 1500$ worth necklace in you room do you leave you window open? of course not. In such case you would be blamed not that thief.
Bitstamp uses Google Authenticator for 2F via SMS. That means you need to register your cell phone. When you try to login, you will receive a 6 digit code on your phone. Without entering this code, you cannot login.
While I can understand you are upset, there is no point in blaming Bitstamp. It's clear your email was compromised, and you did not have 2F enabled.
Bitstamp has a very good reputation, and you sound more and more unreasonable when you blame Bitstamp.
Amitabh: My bitstamp account was compromised. With a few minutes of me receiving an email from them saying they had deposited the funds in my account, bitcoins were purchased & withdrawn. I did not receive any email in my account. Yes I had enabled 2 factor authentication!!
Bitstamp is blaming it on malware...I'm using my office laptop which has no dodgy software on it and has Symantec running.
Clearly...bitstamp is to blame for my loss.
Bitstamp is blaming it on malware...I'm using my office laptop which has no dodgy software on it and has Symantec running.
Clearly...bitstamp is to blame for my loss.
I don't think you had enabled 2-factor authentication. Did you register your phone, and do you get a 6-digit code on it that you need to enter when logging on?
The charges are not against using Bitcoin, but ML.
From my understanding, Mahin only bought from people in India and sold to them from that stock which should absolve him of this.
As the document states, he has not yet been arrested.
From my understanding, Mahin only bought from people in India and sold to them from that stock which should absolve him of this.
As the document states, he has not yet been arrested.
Not ML, forex. to quote:
Quote
We are gathering the data of the transactions, name of the people who have transacted in the virtual currency from Guptas server that is hired in the US. At present, we believe that this is a violation of foreign exchange regulations of the country.
I think they are implying that, because the server is in the US, this can be considered under FEMA.
Cyber experts unearth massive bitcoin scam
http://www.deccanchronicle.com/131210/news-current-affairs/article/cyber-experts-unearth-massive-bitcoin-scam
http://www.deccanchronicle.com/131210/news-current-affairs/article/cyber-experts-unearth-massive-bitcoin-scam
Quote
1.buy Bitcoin in India local market and transfer the bitcoin to my bitcoin wallet. -- You
2.spend the rest of your life looking for hmilylife in China --- YouAbout 4 years ago I tried building a Fantasy cricket game and I ran into a few problems, biggest of which was getting live data. I did solve that issue by scraping data from crickinfo.com. Needless to say, I do not think using that data for commercial purposes is a good idea.
lulz, you're worrying about scraping web data? that's like the least of your legal issues. really, you can ignore that.Re: 0.05 BTC reward for first 5 players on a new High Variance, Low stakes game
This is probably a little off topic, so feel free to ignore if you this annoys you.
In US - bitcoin betting operations is in the grey area leaning towards "illegal".
In UK - they are seen as tokens, so they might be legal. I think!
What about India?
In US - bitcoin betting operations is in the grey area leaning towards "illegal".
In UK - they are seen as tokens, so they might be legal. I think!
What about India?
Nothing specific from India.
Gambling is illegal in all states apart from Sikkim and Goa and then too with stringent laws.
However, nothing is maintained about online gambling, especially with decentralized virtual currencies.
The servers for the game have been hosted in Iceland however, just to be on the safe side.
I don't think this is a gray area. If you pay a prostitute in Bitcoin, or pay supari in Bitcoin, that would'nt mean it's legal.
If it is legal, I'm going straight into IPL/other cricket related betting!
x) Traders. They do not operate in India. They directly work with MtGox, Bitstamp and X, Y, Z. But normally does not worrk with C in above. Why ? Well the % cut of c in India is a bit ted high for them and they can not justify it. They do a good volume, more than 50 BTC for sure. If you want to open exchange try to eye them. It will be very hard for you to get them in as they are used to work with liquidity which will be chicken egg problem for you.
I trade on MtGox. There is 0 chance I will trade on an exchange that charges 3% each way. Just to enter and exit a trade, it's already a 6% hit.
I used to be a market maker on Bitfloor when it was around. Bitfloor actually paid liquidity providers for each transaction, rather than charging. That's the way to add liquidity to your exchange, especially when you're just starting.
As per my calculations a commission of 3% should be sufficient. I need your feed back on the commission rate.
MtGox, the largest exchange, charges less than 0.60%
LocalBitcoins.com is also now accepting MPESA
http://localbitcoins.blogspot.fi/2013/07/trading-bitcoins-using-m-pesa-in-kenya.html
http://localbitcoins.blogspot.fi/2013/07/trading-bitcoins-using-m-pesa-in-kenya.html
It is going to be a rough ride. However, it is barely noticeable on the log scale :
http://blockchain.info/charts/market-price?timespan=all&showDataPoints=false&daysAverageString=1&show_header=true&scale=1&address=
http://blockchain.info/charts/market-price?timespan=all&showDataPoints=false&daysAverageString=1&show_header=true&scale=1&address=
yes, i'm sure that brings a lot of relief to people who lost a ton of cash
Why thanks Benson.
I created it as a private service for my own trading.
not sure about making it public as of now.
for others, the service basically sends an sms when BTCUSD moves in steps of $5. well reputed peeps can PM me to be included.
I created it as a private service for my own trading.
not sure about making it public as of now.
for others, the service basically sends an sms when BTCUSD moves in steps of $5. well reputed peeps can PM me to be included.