I am deeply concerned about what's going on in India. The current government is a backward thinking government who are more interested in building temples and creating religious collisions within the country. They are also trying to include their own people as the head of every institution. New Governor is just another example of that initiative. BJP is trying to get hold of the cash reserve of the country to control their own agenda.
I don't see any hope for cryptos in India until the current government stays in Power. They are trying to establish a cottage industry based on cow dung and cow pee. It seems like we are travelling back in time instead of moving forward while the brightest minds are opting to stay abroad.
That is where my mindset was at too. I think there are deeper running issues with their government that need to be addressed before we can allow them to see a future for crypto.
Cybersecurity firm Ciphertrace announced today a mobile tool they built that "traces" addresses through the blockchain to identify what coins may have been used in dark market purchase or ransomware attacks.
The rise in street crime coupled with crypto is what sparked the resurgence of a visualization of how money "crypto' is moving.
I haven't had the chance to check it out yet but I think it's wild this all can be done on a app now. What do you guys think?
If you spot suspicious transaction what you can do to reverse it back? In my knowledge blockchain transaction will never be reversed unless and until destination address wanna send it back to the depositor! If you want to create any cryptocurrency it is not at all possible option for you crypto is to secure the transaction with just p2p technology. None of the people or equal middleman will not be e involved in it.
I don't think the transaction can be reversed but the wallets can be traced back to the user especially if multiple cases of money are moving. I know that's what Ciphertrace's tech does and I think it's much more reasonable than looking to reverse transactions. They are trying to stop them before they happen.
We really don't know what's going to be the case of Libra as it is not a traditional cryptocurrency. Libra will be strictly centralized and its value will be capped based on the value of its underlying assets. So reversal of transactions may be possible. Also facebook will have to comply with thousands to regulatory compliance before they can actually roll out the coin to the market. So again reversal can be a possibility in case of a fraud and theft. In traditional blockchain, we can't do that but not sure about Libra on how they are going to handle such delicate situations.
Who are some of Libra's biggest competitors? I would like to know what they are currently doing and handling regulations
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BoardAltcoin Discussion
Re: BNB time to invest ?
by
teddyelwyn
on 17/09/2019, 18:33:53 UTC
My friends and I have been investing in BNB. Although bummed it will not be listed on Binance US
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BoardBitcoin Discussion
Re: What are Virgin Bitcoins
by
teddyelwyn
on 17/09/2019, 18:25:14 UTC
I found this article particularly interesting David Jevans CEO of ciphertrace interview regarding virgin bitcoins. Apparently they were able to showcase that some coins that were being sold as 'virgin bitcoin' were actually just cleansed via exchange hopping. Freshly mined coins thus still hold the highest regard and highest value
UK Police Arrest Teen for Hacking Unreleased Music to Sell for Crypto
by
teddyelwyn
on 13/09/2019, 17:12:03 UTC
A 19-yaer old in London has been arrested for finding unreleased songs and selling them for digital currency. This is a growing trend according to blockchain security company Ciphertrace.
Granted more large players in the entertainment industry are embracing digital currency. I think the two will be very successful together.
Re: How can I earn $1 worth of bitcoin everyday? Please help!
by
teddyelwyn
on 11/09/2019, 18:28:57 UTC
everyday pay might be hard but might look into Lolli for your current purchases. May be surprised.
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BoardBitcoin Discussion
Re: Travel Rule Protocol for Cryptocurrency Businesses
by
teddyelwyn
on 11/09/2019, 18:26:08 UTC
interested in reading ciphertrace's whitepaper more on TRISA
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BoardAltcoin Discussion
Re: Tranche Contract and ICO/STO/IEO
by
teddyelwyn
on 30/08/2019, 03:49:48 UTC
What are your thoughts on NULS SCO?
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BoardPolitics & Society
Re: Is Crypto Becoming More Accepted?
by
teddyelwyn
on 28/08/2019, 18:36:55 UTC
if we look at it from a global perspective then it is indeed becoming more accepted.Especially in Asia with the adoption in every day use cases where people don't have a choice but to opt in
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BoardAltcoin Discussion
Re: Is the ICO dead?
by
teddyelwyn
on 28/08/2019, 18:32:21 UTC
I think they might be dead or not as profitable as they used to be due to regulations. Have you heard of the SCO? Looking to be a safer bet
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BoardBitcoin Discussion
Re: The biggest crypto scams and arrests of 2019 so far
Wow this article is really great and made me understand a lot, there are so many exchanges that I have never even heard about that existed, like that of Japan, this is the first time that I would be hearing of such exchange and also arrest of some of the suspects, so it is not as if the government is not doing anything about the stolen funds as we think, they are actually still regulating the industry too in their own little way.
All we just need is full regulation, so that the rate of the arrest can increase, at least with this, the cryptocurrency market will gradual get cleaned of scammers and will be safe place for investors again. Those fund that has been recorded, have they been recovered, and if yes, will they be returning it back to investors or that is going into government purse because if it does, it still would not change anything then.
I agree that we need some sort of regulations but I believe having companies like Ciphertrace could be even more beneficial to bridge government regulators and the crypto community. We want to be sure we are preserving the ultimate goal of crypto
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BoardAltcoin Discussion
Re: New Token Staking Reward Sysytem: The SCO
by
teddyelwyn
on 27/08/2019, 20:33:16 UTC
Mining before exchange listing and funds never leave wallet. I like the sounds of that
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BoardSerious discussion
Re: Life is a blockchain
by
teddyelwyn
on 22/08/2019, 17:43:59 UTC
Haha I agree! My friend jokingly made me a blockchain week calendar and I want to make it into a sticker it's too perfect
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BoardLegal
Re: CipherTrace Crypto AML Report Details $4.3 Billion in Schemes
This is really helpful very appreciative about that
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BoardAltcoin Discussion
Re: Cyber Crimes and Crypto
by
teddyelwyn
on 16/08/2019, 19:53:39 UTC
I would really like to know why people seem to gravitate towards using btc still in the dark web versus say privacy coins. Also super fascinating technology from ciphertrace that can track all of that
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BoardAltcoin Discussion
Re: Are airdrops safe?
by
teddyelwyn
on 12/08/2019, 21:21:28 UTC
I have had luck with the airdrops i've participated in. If they are notable companies and you've done your due diligence I think it's fair to say go for it.