Cambodia’s Crypto Industry Marches Forward Despite Legal Grey Area

March 31, 2018 Samuel Haig 0

Cambodia's Crypto Industry Marches Forward Despite Legal Grey AreaCambodia’s cryptocurrency sector appears to be marching forward, despite the absence of clear regulatory guidelines pertaining to virtual currencies.  Also Read: PBOC to Strengthen Cryptocurrency Regulations in 2018 Regulatory Ambiguity Fails to Deter Cambodia’s Cryptocurrency Sector A report published by The Phnom Penh Post suggests that Cambodia’s virtual currency industry is pressing forward in spite of […]

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The Illusion of DYOR

March 31, 2018 /u/frankfka 0

In November and December, I was ecstatic to have rode the Bitcoin wave up. Made a bunch of money and naturally, I got greedy. When coins were getting shilled and pumped, I would do my own “research”, and buy into the coins that I supposedly thought was robust.

The recent bear market gave me time to take a step back and reflect upon how shitty my “research” was. No way do companies with no product (not even a valid test net!) deserve a market cap in the hundreds of millions of dollars.

I was doing research by looking through websites and glancing over LinkedIn’s and code repo’s. If the idea seemed nice and the team wasn’t obviously shady, I bought into the FOMO and now a couple months later, I’m stuck holding a bunch of bags, including projects like TRON and VERGE.

Ask yourself if you were doing this when everything was getting pumped, because I know all my friends were. Research isn’t about looking through a website and buying if it looked nice. Research is about diving into their code repo (if you’re a developer), reading their white paper, evaluating their possible market share, and comparing a project to others in the space.

Once I started writing things down and doing serious research, I learned that a lot of what I hold were absolute shit projects, while some projects that I skimmed over and never bothered with (because they were never shilled), were actually promising and good coins to buy.

Stay safe out there. When the next bull run comes, be prepared.

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New ESMA Measures Impose 2:1 Restriction on Leverage for Crypto CFDs

March 31, 2018 Samuel Haig 0

New ESMA Measures Impose 2:1 Restriction on Leverage for Crypto CFDsThe European Securities and Markets Authority (ESMA) has announced that it will impose restrictions on the leverage offered for contracts-for-difference (CFDs) and binary options offered to European retail investors. Under the new measures, the leverage offered on cryptocurrency CFDs will be limited to no more than 2:1. Also Read: PBOC to Strengthen Cryptocurrency Regulations in 2018  […]

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Kazakhstan Preparing to Prohibit Crypto Trading and Mining, Says Central Bank

March 31, 2018 Kevin Helms 0

Kazakhstan Preparing to Prohibit Crypto Trading and Mining, Says Central BankThe chairman of the central bank of Kazakhstan said that the bank has prepared legislation to prohibit the sale and purchase of cryptocurrencies in the country as well as any kind of crypto mining, citing several risks he sees. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies National Bank’s Crackdown on Crypto […]

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Why WaltonChain could be a **HUGE** Scam and we wouldn’t know

March 31, 2018 /u/ricking06 0

Waltonchain smells big scam to me.

  1. Its an ETH fork ( not hardfork but software fork ). Literally anyone can fork ETH from github and name it ChinereumChain.

  2. Not opensource. So they claim have improved ethereum’s efficiency even though we wont know if they just copy pasted the whole source code.

  3. The ETH development team have already made child chains and casper in testnet. Walton can literally take it and name it their own. We wouldnt know it.

Also idk how any blockchain project can not be opensource.

Cardano, tronix etc all blockchain platform have source on github.

Walton are releasing mainnet today but there is no code.

And any average programmer can take ethereum rename it to MyXCoin and reskin the client and wallets.

Just like you look for linkedin or social profile of teams in a project looking at code is also important especially for blockchain platforms.

Proof: https://github.com/WaltonChain/

Also not Fudding or Shilling any above mentioned coins just reasoning open to critical discussion

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Russians Owe 13% Tax on Their Crypto Incomes

March 31, 2018 Lubomir Tassev 0

Russians Owe 13% Tax on Their Crypto IncomesRussian citizens are expected to pay 13 percent tax on their crypto-related incomes. Amendments to the tax code are currently being prepared. The exact rates should be confirmed by the end of the year. However, lawyers have warned that even now citizens risk criminal prosecution if they fail to report gains from dealings with cryptocurrencies. […]

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GVT Alpha Version Release

March 31, 2018 /u/CaptainMorgan78 0

The future is now ladies and gentlemen. Behold the only coin in the top 200 that has a chance to surpass $2000 in the coming years. A wise man once said, "ask not what your Crypto can do for you, but what you can do for Crypto". https://twit…