TIMOTHY LEWIS AND BYZANTINE LABS LIVE FROM LA – 259

https://www.podbean.com/media/share/pb-wxsdq-9e94ba

Today we have a special episode live from Los Angeles with the three partners of Byzantine Labs an organisation focusing on the deployment of enterprise grade EOSIO blockchain solutions. 

 

Welcome to the SVK Crypto, 15 Minutes of Crypto Fame, brought to you by your host, Charles Storry. We provide daily cryptocurrency content and analysis on topics such as Bitcoin, Ethereum, Altcoins and ICO’s.

 

We not only produce our daily content we feature CEO’s of all exciting ICO’s! Stay tuned to find out more!

 

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SVK Crypto – Daily News Blog

Kraken safest exchange

Respected cyber security company Group-IB analyzed the security of kryptomere and ranked the marketplaces.

Developer measures to protect against cyber attacks, the Russian company Group-IB has developed a policy evaluation of cryptocurrency exchanges, in terms of insurance risks and built the world’s first rating of their insurance security. First place at the Kraken, and OKEx, Huobi Pro and CoinCheck has proven to be more risky.

The results of Group-IB estimated only reflect insurance risks: insurance statistics of Group-IB takes into account losses from cyber-attacks, theft, fraud and illegal actions of employees and can prove to be quite useful for companies providing services of insurance cryptocurrency assets.

To develop a mechanism for assessment of risks Group-IB used a number of different criteria, including technical security, reliability, storage keys, the integrity of passwords and protection of user personal data exchanges. Group-IB estimates of the exchange and also from the point of view of the use of methods of exchange regulation, “know-your-customer” (KYC) and anti money laundering (AML).

In the ranking of Group-IB of the exchange are divided into four groups: from the safest to the most risky to the insurance. Kraken came in first place, showing the lowest percentage of risk for insurers is 1.25%. In the second group turned out to Coinbase and Bittrex Pro is 1.5%. The group with the highest risk ( 1.9 per cent) entered Binance, Bitfinex, Bithumb, Bitmex, Localbitcoins, MyEtherWallet and Poloniex. The most risky exchanges of Group-IB called Yobit, Zaif, Bitstamp, TopBTC and bit-Z, the terms of which were so low that they were completely excluded from the list.

To date, the maximum coverage offered by the insurance companies in the market, equivalent to 15 BTC. Lately there is a tendency to an increase in insurance premiums along with the increase in the duration of the period of cover, which may indicate either that the insurers are confident in the growth of the cryptocurrency market, or that the number of cyber attacks on stock exchanges will grow even more. We remind you that according to a recent study, the company CipherTrace hacking cryptocurrency exchanges and wallets during the first 9 months of 2018, the year has brought hackers to 927 billion dollars, accounting for 250% of similar indicators of 2017.

The post Kraken safest exchange appeared first on FineCrypto.

FineCrypto

Citizens of Ukraine and Moldova bought EU passport for bitcoins. The scheme disclosed

Law enforcement authorities of Bulgaria have uncovered a shadow scheme for the sale of Bulgarian passports in the country. The criminals were selling the documents for Bitcoin the citizens of Eastern Europe. According to the investigation, in the Commission of a criminal act were involved the official representatives of DABCH (sovereign Agency for bylgaria in a foreign land).

Note that DABCH deals with all matters related to the acquisition of Bulgarian citizenship by foreigners. After several suspicious transactions three members of the authority has come to the attention of the police. Later the Prosecutor-General Ivan geshev revealed the names of suspects.

Peter Haralampiev, green Toms and mark Stogov was arrested for the illegal issue Bulgarian passports to citizens of Ukraine, Moldova and Macedonia.

And although all three of them completely deny his involvement in the fraud scheme, the Prosecutor’s office has solid proof of illegal transactions. In Bulgaria this scandal has gained serious momentum, he became involved even Prime Minister Valery Simeonov. Recently, he publicly stated that he is not going to relinquish power because of the high level of corruption in one state Agency.

Recall that Bulgaria is in the EU and provides a passport issued by the European Union. Possession of such a document gives the right to free movement and residence throughout the EU. Because of this, selling fake passports has become very common in shady business. Recently the Bulgarian police managed to uncover another group of 20 criminals who were selling fake documents for 5600 dollars.

A similar scheme was also uncovered in Greece in 2016. Then Europol has covered even a branch of the offenders in the Czech Republic. Five persons from the “managers” were Ukrainians, the rest had the nationality of the Sudan and Bangladesh.

The post Citizens of Ukraine and Moldova bought EU passport for bitcoins. The scheme disclosed appeared first on FineCrypto.

FineCrypto

SVK CRYPTO WITH EVERIPEDIA LIVE FROM SANTA MONICA – 258

https://www.podbean.com/media/share/pb-nggk8-9e7af9

Today we have a special episode featuring Sam Kazemian and Suchet Dhindsa the Co-Founder and COO respectively of Everipedia. We visit their offices in Santa Monica California (aka Silicon Beach) to see what they’ve been up to and what is in store for the future of Everipedia.

 

Welcome to the SVK Crypto, 15 Minutes of Crypto Fame, brought to you by your host, Charles Storry. We provide daily cryptocurrency content and analysis on topics such as Bitcoin, Ethereum, Altcoins and ICO’s.

 

We not only produce our daily content we feature CEO’s of all exciting ICO’s! Stay tuned to find out more!

 

If you’d like to stay in touch or get more info from me, please SUBSCRIBE to the channel and spread the good word!

 

Follow us on Twitter: https://twitter.com/SVK_Crypto

 

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SVK Crypto – Daily News Blog

Hodor from “Game of thrones” appeared in advertising cryptocurrency platform eToro (video)

eToro has released a great promotional video where British actor Kristian Nairn, who played Hodor in the popular television series “Game of thrones”, says the word “HODL”.

In the cryptocurrency community there is the term “hodl” (often you can hear the definition of “hoglet”), which means to hold, to cherish cryptocurrency assets, waiting for when they will really rise in price. Early investors in Bitcoin, due to the fact that they haglili their digital coins BTC, could seriously rich.

eToro have shown a little creativity and convinced to star in his movie the actor who played Hodor in the famous TV series “Game of thrones”. In the story Christian Norm, talking with his producer about filming in advertising. Producer one after the other pushing him scenarios in which Norm needs to speak a line with the word “Hold” — as well as in the final for the Hodor scene:

The actor flatly refuses one more time to repeat this word on the screen and asks the producer to find him a different role.

Look what happened in the end:

In General, in our opinion, turned out great. It is noteworthy that in the video there is a definite promise to the cryptocurrency community. Around the public says that the “Bitcoin bubble”, “Bitcoin pyramid”, what he needed to get rid of, and only the courageous Hodor stands, holding the hamsters panicked and says such iconic word… HODL.

The post Hodor from “Game of thrones” appeared in advertising cryptocurrency platform eToro (video) appeared first on FineCrypto.

FineCrypto

Swiss financial regulator: a risk Factor for the cryptocurrency investment is 800%

Management to oversee the operations of the financial market Switzerland (FINMA) informally signaled that the risk ratio for cryptocurrency investments should amount to 800%. The Agency announced this figure in a letter dated 15 October in response to the Association request EXPERTsuisse, consisting of experts in the field of tax and audit activities.

In his letter to FINMA also said that the relevant legal provisions are not yet valid, therefore, banks and other stakeholders are often required to clarify this issue.

“FINMA recently received many inquiries from banks and securities dealers, which owns positions in cryptocurrency assets, and subject to requirements on capital adequacy, risk allocation and legal regulations on the calculation of ratios short-term liquidity” —quoted by Swissinfo representatives of FINMA.

In Switzerland, for several years there has been a formal integration of cryptocurrency products and banking sector, this European country is trying to create a legal environment that can support the development and operation of new financial instruments. At the same time, until the international Basel Committee on banking supervision develops all acts and laws necessary to regulate this area, FINMA can only give approximate figures.

However, the final decision may be announced at the end of November, when is the next meeting of the Basel Committee. Therefore:

“All scriptactive must assign an overall risk ratio of 800% to cover market and credit risks, regardless of where hold positions in the banking or trading assets,” — said in a letter to FINMA.

According to several sources, comment on the situation, 800% is a big figure, but it is within the allowable range. For example, the startup SEBA, which in September drew 103 million dollars to create cryptocurrency Bank of Switzerland, said:

“This recommendation will have limited impact on its business model. Nice to see that the banks no longer look away from the increased number of clients requiring services associated with cryptocurrencies, and ask for advice and do your own contribution,” said a spokesman for lobby group Bitcoin Association Switzerland.

The post Swiss financial regulator: a risk Factor for the cryptocurrency investment is 800% appeared first on FineCrypto.

FineCrypto

SEC ICO FRAMEWORK COMING? – 257

https://www.podbean.com/media/share/pb-9wiza-9e57e9

In today’s episode we dig into the statement released by the SEC stating that plain English guidance on ICO listing is coming soon.

Welcome to the SVK Crypto, 15 Minutes of Crypto Fame, brought to you by your host, Charles Storry. We provide daily cryptocurrency content and analysis on topics such as Bitcoin, Ethereum, Altcoins and ICO’s.

We not only produce our daily content we feature CEO’s of all exciting ICO’s! Stay tuned to find out more!

If you’d like to stay in touch or get more info from me, please SUBSCRIBE to the channel and spread the good word!

Follow us on Twitter: https://twitter.com/SVK_Crypto

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SVK Crypto – Daily News Blog

A College student lost cryptocurrency $ 755 000 (119,28 BTC): Blame the bears?

A bear market has hit many cryptocurrency traders. But while many investors have had to withdraw their funds left, and those who now literally crying from damages.

For example, a College student who bought the Bitcoin at a price of $ 5,000 in 2017, have expressed their disappointment with the loss of $ 755,000 (119,28 BTC), asking like-minded people, not if he destroyed his life. The fact that the guy was left alone with taxes on cryptocurrency trading in the $ 400 000, which he is unable to pay.

A user under the name Throwaway283921 explained on Reddit that started trading cryptocurrency in may 2017, after he learned that his friend traded Ethereum. He signed up for Coinbase and invested $ 5 000, which was half of his savings.

He’s started to sell Bitcoin in a pair of Ethereum, driving means back and forth, making the end of 2017 more than ten-fold increase in initial investment and in December of 2017 earned a whopping $ 880 000 (139,03 BTC).

The purpose of “Throwaway” was to withdraw money after he crossed the 1 000 000 dollars. It is a peculiar tradition followed by most cryptocurrency investors, but the hero of our story foolishly invested in a fraudulent ICO, which has led to irreparable loss of his condition. On arrival of bears on the market the guy managed to lose about 755 000 dollars, saving all of $ 125,000.

He explained:

“I didn’t know anything about taxes, so I didn’t bother putting nothing on hold. Me that nobody taught. I invested in several failed ICO, tokens which fell without any chance of recovery. Today my portfolio is $ 125 000 and not $ 880 000. The amount of taxes I have to pay for 2017, is approximately $ 400 000 (lives in California)”.

Now the student, following the advice of the cryptocurrency community to consult with a tax lawyer specializing in crypto-currencies and alternative investments.

The post A College student lost cryptocurrency $ 755 000 (119,28 BTC): Blame the bears? appeared first on FineCrypto.

FineCrypto

History about how the maker of Litecoin, Charlie Lee, found out about Bitcoin

The Creator of the seventh volume of capitalization of the cryptocurrencies in the world of Litecoin Charlie Lee talked to Laura Shin in the broadcast of her popular podcast. They discussed Bitcoin and how he met cryptosphere. For starters, Lee said on the tenth anniversary of the publication of whitpaper Bitcoin and said that was very involved in activities in Cryptoprotected. He didn’t even notice that flew these years.

“I’m really surprised that so many years have passed. I have the feeling that I only yesterday learned about Bitcoin, although I first read about him back in 2011. Yes… just an amazing ten years.”

He further confessed to how really acquainted with Bitcoin. He read about the coin in the article about Silk Road, the most famous online market where in payment accepted bitcoins. This aroused his interest in the new form of digital currency that is resistant to censorship and is a much more sound form of money than the existing.

What will happen to Bitcoin next?

According to Ambcrypto, he also wished for Bitcoin to achieve its ultimate goal — to become the money we use for everyday payments. According to the Creator of Litecoin, cryptocurrency will soon replace Fiat money.

“Ten years have passed. Bitcoin and cryptocurrencies still act as a speculative asset. And we, as you know, so far only tickled the tip of the iceberg and very little progress in that direction to make them real money.”

Remembering the past, Li told how became interested in bitcoin during the Bitcoin price below $ 30. Then he had a strong feeling that the coin is “undervalued” and it had the potential to revolutionize. That was the trigger, why Do closely was fascinated by cryptosphere.

The post History about how the maker of Litecoin, Charlie Lee, found out about Bitcoin appeared first on FineCrypto.

FineCrypto

BINANCE OPENS 40K UGANDAN ACCOUNTS – 256

https://www.podbean.com/media/share/pb-b9xm5-9e138d

In today’s episode we dig into Binance opening 40,000 Ugandan accounts in one day. 

 

Welcome to the SVK Crypto, 15 Minutes of Crypto Fame, brought to you by your host, Charles Storry. We provide daily cryptocurrency content and analysis on topics such as Bitcoin, Ethereum, Altcoins and ICO’s.

 

We not only produce our daily content we feature CEO’s of all exciting ICO’s! Stay tuned to find out more!

 

If you’d like to stay in touch or get more info from me, please SUBSCRIBE to the channel and spread the good word!

 

Follow us on Twitter: https://twitter.com/SVK_Crypto

 

Visit our website: http://www.svkcrypto.com

 

Email us: cstorry@svkcrypto.com

 

Telegram: https://t.me/SVKCrowd

SVK Crypto – Daily News Blog