Rememberful Bitcoin News.
The owner of a leading Irish Bitcoin broker has accused the country’s banking institutions of discriminating against crypto-related businesses
The owner of a leading Irish Bitcoin broker has accused the country’s banking institutions of discriminating against crypto-related businesses
Four citizens of Ukraine have been arrested by local authorities for running six fake cryptocurrency exchanges
Four citizens of Ukraine have been arrested by local authorities for running six fake cryptocurrency exchanges
Republican U.S. Congressman Warren Davidson says the ICO market needs “light touch” regulation to provide certainty
Republican U.S. Congressman Warren Davidson says the ICO market needs “light touch” regulation to provide certainty
Even though Canada has become a very important country for cryptocurrency mining, it seems things are changing behind the scenes. The Quebec provincial regulator has decided to allow utility providers to hike electricity prices for Bitcoin miners. As such, the rates will be increased by up to 300%, which might make the mining process unprofitable. […]
Even though Canada has become a very important country for cryptocurrency mining, it seems things are changing behind the scenes. The Quebec provincial regulator has decided to allow utility providers to hike electricity prices for Bitcoin miners. As such, the rates will be increased by up to 300%, which might make the mining process unprofitable.
It was announced last week that Quebec’s Régie de l’énergie was not too happy about the influx of cryptocurrency mining operations. Although the province has no shortage of renewable energy, there are growing concerns over how the growing number of mining operations are putting a lot of pressure on the power grid. This issue is not unique to Quebec by any means, though, as other regions around the world have voiced similar concerns over the past few months.
As a result of this uneasy situation, the regulator will allow Hydro-Quebec to raise its electricity prices. More specifically, the company can now charge up to 15 cents per kilowatt hour to blockchain companies and mining operators. Everyone else is seemingly unaffected by this change, clearly indicating that there is a growing dislike for cryptocurrency mining in Quebec.
That is not a positive development for the cryptocurrency industry by any means, but it may not necessarily cause any major issues in the short term. Although the company has been given permission to charge more money, Hydro-Quebec has not officially confirmed that it will do so in the immediate future.
Blockchain and mining firms currently pay a maximum of 5 cents per kilowatt-hour in Quebec. Increasing electricity costs by up to 300% will make the mining of Bitcoin and various altcoins less profitable fairly quickly. The decision comes at a strange time, as it appears Hydro-Quebec has done everything possible to attract more mining firms over the past few months. That success eventually came to harm the company, as it cannot keep up with the increased demand for electricity.
It appears this price hike may very well be a temporary measure. Hydro-Quebec is currently filing an application to the regulator in regards to a selection process for the blockchain and mining industries. A total of 500 megawatts would be reserved for these companies, and the limit could not be increased. That would make life a bit more competitive for mining firms in this region, which wouldn’t necessarily be a bad thing.
At the end of the day, Hydro-Quebec is mainly interested in finding the correct price point for the electricity required to mine Bitcoin and other cryptocurrencies. That is much easier said than done, which is why this temporary price change seems more than warranted. Additionally, the provider is keeping close tabs on which jobs and investment opportunities these mining firms will bring to the region. A new tariff will be announced in the coming weeks, although no official ETA has been communicated at this time.
Technology giant Tencent said it was teaming up with the Chinese government to fight blockchain-related security problems and crimes.
Technology giant Tencent said it was teaming up with the Chinese government to fight blockchain-related security problems and crimes.
The recent hack of Bithumb, the 6th largest cryptographic asset exchange, continues the worrying trend of hackers finding ways around the security of these platforms, and siphoning funds stored in exchange hot wallets.
The recent hack of Bithumb, the 6th largest cryptographic asset exchange, continues the worrying trend of hackers finding ways around the security of these platforms, and siphoning funds stored in exchange hot wallets.
Board director of the Swiss National Bank Thomas Moser said that crypto and blockchain are too primitive in their present form to consider issuing a national digital currency
Board director of the Swiss National Bank Thomas Moser said that crypto and blockchain are too primitive in their present form to consider issuing a national digital currency
Regardless of our EOS bullish proposals, bears are keen on driving prices lower. In the last 24 hours, EOS slid one percent and perfectly aligning itself with the general sell trend. This comes even in the back drop of Ledger Support and several EOS coin deposit and withdrawal support at BitFinex and Kraken. If anything,…
The post EOS Ledger Future Support A Plus But Will Code Be Open Source?: EOS Technical Analysis (June 22, 2018) appeared first on NewsBTC.
Regardless of our EOS bullish proposals, bears are keen on driving prices lower. In the last 24 hours, EOS slid one percent and perfectly aligning itself with the general sell trend. This comes even in the back drop of Ledger Support and several EOS coin deposit and withdrawal support at BitFinex and Kraken. If anything, we are still neutral because none of our trades-sell or buy, are live as laid out in previous trade plans.
It’s next to perfect, news of Ledger hardware wallet support is a big plus. If you have been keeping yourself updated on the crypto verse for a while then by now you know that the only safe haven for these digital coins are offline hard wallets.
The logic goes that hackers cannot infiltrate a gadget that is cold, those that aren’t plugged to the internet. Ledger has tailor made solutions to meet this demand and besides, they schedule a desktop app mid next month though it wont be that open source.
Please @EOS_io community, vote for @LedgerHQ on official roadmap. https://t.co/r1JQZQIjNz#EOS
— Kevin.P (@Shakur0o) June 21, 2018
Even though Ledger mobile version will see light anytime in Q4, hawk eyed critics has it that their Desktop App won’t be open source after all. And indeed, skimming through the sentences you notice that some extracts explicitly say that some “elements of the code won’t be published” but then “that’s not because our security relies on keeping it private”. They insist that it’s the contractual elements of the companies they work with makes the whole case “legal” and “contractual”.
Besides Tron, EOS remains robust in the top 10 of all the coins under our radar. Fact is, in the last week alone, it’s up three percent and this is despite all the negative media that has been under their case since after launching. However, that’s not the whole point. The thing is: will we see a recovery? Well, not likely.
In the weekly chart for example, it’s likely that last week’s bears will spill over and continue to push prices towards EOS minor support at $9. There are hints of that happening. See this long upper wick? That signal bear pressure and as long as market participation and bull volumes wane, the consequent on price is always negative. After all, like we have mentioned several, events of May and June because of these consistently low volumes overwhelmed by April ultra high volumes averaging 100 million means we are witnessing a long covering. It’s an effort versus result scenario panning out in my view.
Then again, if we past a Fibonacci tool between April high lows then we notice that possible region of support is around $7 at the 78.6 percent level. So, odds of further depreciation if we compare recent trends and resistance to upsides mean there is more room for down side. Anyway, $7 is our bear support as per our previous trade plans.
Here, our trade range can’t be clearer. As it is, prices are moving within June 14 high lows and as long as our buy and sell triggers at $13 and $9 are not tested, we remain neutral. However, take note that the longer the consolidation, the stronger the break out will be. As such, rather than guessing, taking a neutral stand even with bullish proposals is safer.
Disclaimer: This is an opinion piece and views/opinions expressed are those of the Author. Do your Due Diligence before making an investment decision.
The post EOS Ledger Future Support A Plus But Will Code Be Open Source?: EOS Technical Analysis (June 22, 2018) appeared first on NewsBTC.
The crypto verse is never short of drama and while hacking vibes dominate, Charlie Lee of Litecoin is advocating rationalism. Obviously, after recent hacks, it’s easy to see sentiment almost always flips and drag BTC prices with it. The resulting coupling drags other coins with it resulting in a general crypto slide which he thinks…
The post A Leading Philippines Bank RCBC Opts For Stellar, Shuns Ripple: Litecoin, EOS, Tron, Stellar Lumens and IOTA Technical Analysis (June 22, 2018) appeared first on NewsBTC.
The crypto verse is never short of drama and while hacking vibes dominate, Charlie Lee of Litecoin is advocating rationalism. Obviously, after recent hacks, it’s easy to see sentiment almost always flips and drag BTC prices with it. The resulting coupling drags other coins with it resulting in a general crypto slide which he thinks is totally unnecessary. While this is happening, TRX coin migration begins today.
Let’s have a look at the charts:
So guys, the verdict is out. According to China’s CCID, EOS is the most interesting blockchain technology out in this space. There are certain distinct criteria which they used. And in their Global Public Chain Assessment Index, EOS though the fifth largest cryptocurrency, is superior in technology, applicability and innovation.
2nd crypto/#blockchain ratings #China Electronic Information Industry Development (#CCID)
1. Top 5 tech: $EOS, $Steem, $ETH, $BTS, $XLM
2. Top 5 application: $NEO, ETH, $Qtum, XLM, $NAS
3. Top 5 innovation: EOS, $BTC, $ADA, ETH, $LTC$XRP 9th $SC 25th $BCH 28th@cnLedger pic.twitter.com/EbswkPQwoh— chengdoo (@chengdoo) June 20, 2018
Though restrictive to ICOs which made EOS possible and cryptocurrency exchange, Chinese regulators found EOS to be efficient with high network throughput and supportive transaction costs unlike any other project under their evaluation.
From the charts, EOS is still moving horizontally and at current valuation it’s literally flat 24 hours later. While we remain bullish and banking on our anchor candlestick to trigger a new wave of bull pressure, it is going to be vanity should there be a break below $9. That’s why, even though bears are trying to unwind those gains, patience is a precious asset going forward and as such, we remain neutral until either when we see price breaking above $13 or below $9 in subsequent sessions.
It’s been a bad month for exchange and we can point out to two different hacks-at Coinrail and BitHumb, both South Korea’s crypto facilitators bearing the cost of lax network security. In both breaches, the exchange had to contend with losing $80 million worth of cryptos and while we don’t know specific coins that were taken, there was a slight reaction in the market.
#Litecoin founder Charlie Lee (@SatoshiLite) explains what will drive #Bitcoin and other #cryptos higher $LTC pic.twitter.com/3hLdKWpEyU
— CNBC's Fast Money (@CNBCFastMoney) June 20, 2018
Bitcoin went down pulling with it Litecoin and a host of other coins relying on BTC valuation to strive. It’s in this vein that Charlie Lee thinks there should be some sort of stratification and trading without emotions. Fear through hacks affects crypto prices negatively and to him, this shouldn’t be the case.
Same as before, Litecoin price movements are moving within a tight trading range. At the moment, Litecoin (LTC) is down one percent and with every bear candlestick that prints, LTC sellers are driving prices towards $90. That’s our minor support and a sell trigger aligning in the direction set by June 10 bear engulfing candlestick breaking below the mains support at $110. Because of this, sellers should find shorting opportunities and trade small sizes with targets at $70 and stops at $100 until after we see clear break outs in either direction.
Like Ripple, Stellar have a common founder-at least the idea of both blockchain came from the one person-Jed McCaleb. At the core, they want to provide an alternative solution to the current cumbersome and expensive international remittance service which we all know is taxing. At the moment, Stellar works with IBM.
In the Philippines, one of their largest banks Rizal Commercial Banking Corporation (RCBC) wants to change tact and tap remittance from Japan which hit a record $137 million in April 2018 alone. According to reports, they plan to work with IBM and considering the Stellar-IBM ties in place, it’s likely that their platform would be in use and Lumens is there to tap those capital gains due to demand.
Fundamentals are perfect but price isn’t resonating with it. In fact going by recent movements, like most coins Stellar Lumens is moving horizontally and is narrow. Yes, it’s down two percent but should there be a break below 20 cents, our bullish projections would no longer hold. In my view, it’s better to wait and see how bears react at our triggers-at 20 cents and 30 cents rather than diving in without strong trade signals.
The Tron Foundation shall kick-start their ERC-20 TRX migration today and as Justin Sun keep saying, this is just but an intermediary step towards independence. You should also remember that on this day, Tron Foundation plans to burn $50 million worth of TRX equivalent to 1 billion TRX coins just to jump start and commemorate this independence.
Letter to the community: #TRON Independence Day. Celebrate on June 25th as we become a free, autonomous, and self-governed decentralized internet. Join us in celebrating with a
1 billion #TRX coin burn! @Tronfoundation https://t.co/NZrpDq6V9V pic.twitter.com/NFmIjRAF6u
— Justin Sun (@justinsuntron) June 21, 2018
It sound crazy but this would likely spur demand as supply would be lowered. That’s not all though, because of their detachment from Ethereum and their previous appeal from Ledger Support, plans are underway for TRX coin support on Ledger Nano S hardware wallet.
It’s solely because of these events that it’s likely that TRX prices would get a boost. Already, we can see buyers jumping in and rejecting lower lows as yesterday’s lower candlestick shows. Besides, coin trackers show that TRX is the only coin to register gains. TRX is up eight percent –in the last week alone. We can see hints of that courtesy of those bullish candlesticks before June 20 BitHumb hack. Anyway, I recommend buys with stops at 4 cents and targets of 6.5 cents, 8.5 cents and later 10 cents.
While we are positive that IOTA is a long term buy all thanks to their strategic partnership with tech heavy weights, IOT is grappling with sell pressure. Initially, it appeared as if buyers were in charge. However, with recent lower lows and lack of follow through after June 18 bull pin bar, sell pressure seems to be high. In my view, being neutral until we see strong movements in either direction would be superior. Otherwise, should bears step up and break below $1, bear target stands at 90 cents.
Disclaimer: This is an opinion piece and views/opinions expressed are those of the Author. Do your Due Diligence before making an investment decision.
The post A Leading Philippines Bank RCBC Opts For Stellar, Shuns Ripple: Litecoin, EOS, Tron, Stellar Lumens and IOTA Technical Analysis (June 22, 2018) appeared first on NewsBTC.
Trading bots have been playing an increasingly important role in the world of cryptocurrency. That in itself is a very positive development, although it may lead to a lot more speculation and volatility. It seems a few bots are making their mark on the South Korean cryptocurrency industry these days, which is well worth keeping […]
Trading bots have been playing an increasingly important role in the world of cryptocurrency. That in itself is a very positive development, although it may lead to a lot more speculation and volatility. It seems a few bots are making their mark on the South Korean cryptocurrency industry these days, which is well worth keeping an eye on.
Most people will know by now that South Korea plays a critical role in the world of cryptocurrency. Its local exchanges generate a lot of volume, mainly because South Korea overtook both China and Japan in terms of trading volume quite some time ago. Even so, any development taking place in South Korea is worth taking note of, as it may spill over to other parts of the world as well.
One of the more interesting trends over the past few months has been the increase in the number of cryptocurrency trading bots. Though it’s not unexpected by any means, automatic trading bots are quickly taking center stage in South Korea.
Several key trading bots can be identified in this regard. It appears Coinsum and Watchbot are growing in popularity. This software is designed to buy and sell cryptocurrencies by monitoring market movements. Under the hood, these bots make use of various algorithms as well as other trading methods.
It is quite interesting to see local companies developing their own trading bots for the South Korean market. By supporting all of the major exchanges across South Korea, these trading bots can be used for many different purposes. In the case of Coinsum, the bot supports both Binance and Bithumb, and Upbit support will be enabled fairly soon. It’s an interesting trend to keep an eye on, especially as these trading bots gain more market traction.
While some people may frown upon the concept of automated trading bots, it has become rather evident that there is a growing market for such tools. Although they usually lead to even more volatility across all markets, it seems there isn’t any noticeable change in this regard as of right now.
It is expected that even more cryptocurrency trading bots will come to market in South Korea, although it remains doubtful any of these bots will come to other countries anytime soon. Since developers mainly focus their attention on the South Korean exchanges, it seems users who wish to experiment with bots in other countries will have to look for different solutions.
ICON’s token migration, from ethereum to its own blockchain, is underway – and off to a smooth start, according to its Foundation.
ICON’s token migration, from ethereum to its own blockchain, is underway – and off to a smooth start, according to its Foundation.
GIGTRICKS – A 360-DEGREE ON-DEMAND ECOSYSTEM WITH ZERO$ CUSTOMER ACQUISITION MODEL IS MOVING FORWARD SWIFTLY WITH ITS TOKEN SALE AND THE 50% DISCOUNT ACTIVATION DATE HAS BEEN UNRAVELLED 21st Jun 2018 – GigTricks has successfully completed its private sale and people all over the world supported the Gibraltar based startup with the support office in Dubai […]
GIGTRICKS – A 360-DEGREE ON-DEMAND ECOSYSTEM WITH ZERO$ CUSTOMER ACQUISITION MODEL IS MOVING FORWARD SWIFTLY WITH ITS TOKEN SALE AND THE 50% DISCOUNT ACTIVATION DATE HAS BEEN UNRAVELLED
21st Jun 2018 – GigTricks has successfully completed its private sale and people all over the world supported the Gibraltar based startup with the support office in Dubai because of its unique and innovative solutions and post-revenue business model. On this success, the Founder, and CEO of GigTricks, Amir Shaikh expressed his gratitude as such, “We are so pleased and honored by the trust people are showing in GigTricks Big Bang Theory and its concept to have five innovative products integrated into a single ecosystem.”
With so much support GigTricks received followed by the Private Sale, people are even more excited for GigTricks Pre-Sale to launch and it was just about time when the industry veterans behind GigTricks made an official announcement about the Pre-Sale launch date making people go all happy-go-round for all the right reasons.
GigTricks Pre-Sale and Main-Sale date and time are as under, make sure you mark your calendars and set your reminders for it:
Pre-Sale – from 1st July 2018 0800 HRS UTC/GMT to 30th July 2018 2359 HRS UTC/GMT
Main-Sale – from 1st Sep 2018 0800 HRS UTC/GMT to 30th Sep 2018 2359 HRS UTC/GMT
Here’s the token allocation of a total of 1 billion GigBit (GBTC) Tokens:
Initializing Token Offering 250,000,000 = 25%
Team & Advisors 150,000,000 = 15%
Ecosystem Incentive 20,000,000 = 20%
Marketing & Bounty 5,000,000 = 5%
Liquidity Fund 5,000,000 = 5%
Treasury 30,000,000 = 30%
On the announcement of Pre-Sale and Main-Sale period Shaikh added, “We want everyone to have a chance to invest in the GBTC tokens”, he further explained, “Having three phases during the token sale allow us to do just that, we want to triple your joy by letting you know that we now have Visa and Mastercard in the payment methods along with ETH, BTC and bank transfer and we are in talks with the HitBTC exchange.”
Well, what a relief for all the investors and the faithful supporters of the project.
The announcement doesn’t end here as there is still more to come because it was a sheer joy and an icing on the cake when the mastermind behind GigTricks announced that there will be no lockdown condition on the GBTC tokens bought during Pre-Sale and Main-Sale period meaning that now investors can sell their tokens whenever they want once they have been listed on the exchanges.
GigTricks is a post-revenue business model and its marketplace is already ‘LIVE’ making it a great project to invest your money in as the waiting period will not be too long. It has been speculated that after the Main-Sale ends, it would take around 4-weeks for the GBTC tokens to list on the exchanges.
At GigTricks you can start your business with ZERO$ investment. Come register at GigTricks, earn GBTC (GigBit) Tokens for your time socializing at GigTricks Social and spend these tokens to get a leap into achieving your dreams. Turn your passion into your business, nurture what you love and take it to the next level.
GigTricks Whitelist will remain open from 15th June to 30th June 2018 to allow everyone interested in setting up their KYC before the Pre-Sale. Here’s the bonus scale to help you leverage the most from the Pre-Sale and Main-Sale discounts:
Private Sale -1 GBTC= $0,062
Pre-ITO (power hour) – 1GBTC= $0,068
Pre-ITO DAY 1- 1GBTC= $0,0992
Pre – ITO DAY 2- 1GBTC= $0,10664
Pre –ITO DAY 3 – 1GBTC= $0,1116
Pre –ITO – 1GBTC= $0,124
ITO week 1- 1GBTC= $0,186
ITO week 2- 1GBTC=$0,2108
ITO week 3- 1GBTC=$0,2232
ITO week 4-1GBTC=$0,2356
Join the freelance and on-demand revolution having 5 innovative products integrated into a single ecosystem. GigTricks Pre-Sale will be live from 1st July 2018 to 30th July 2018.
Here is the website’s link: https://www.gigtricks.io/
Whitepaper: https://drive.google.com/file/d/1TFJsc9UfibgG3y0lOZD7R9jqX1nQ0-u6/view
Contact: [email protected]
Telegram: https://t.me/gigtricks
One Pager: https://drive.google.com/file/d/1zBroAloPcIfwDlWY_JlYB7M2T8SUS1LL/view
Technical paper: https://drive.google.com/file/d/1hS0IkgurWj_z1QQq7a9AOUZ-CMd8M6XZ/view
Deck Presentation: https://drive.google.com/file/d/1-H_RhPK2KPr9r7bNTD6JsMkpMBJsDDQL/view?usp=drive_web
This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of NullTX. This is not investment, trading, or gambling advice. Always conduct your own independent research.
It has become apparent that the Japanese Financial Services Agency is closely monitoring all domestic cryptocurrency exchanges. Any wrongdoings will be pointed out quickly and the issues will need to be addressed accordingly. Various registered operations will face administrative sanctions later this week. The Japanese FSA Takes Harsh Action Ever since Japan decided to legalize […]
It has become apparent that the Japanese Financial Services Agency is closely monitoring all domestic cryptocurrency exchanges. Any wrongdoings will be pointed out quickly and the issues will need to be addressed accordingly. Various registered operations will face administrative sanctions later this week.
Ever since Japan decided to legalize Bitcoin and other cryptocurrencies, the government has been actively monitoring all service providers. This task is overseen by the domestic Financial Services Agency. Over the past few months, the FSA has introduced some big changes, ranging from forcing exchanges to obtain licenses to shutting down one trading platform entirely.
All of these changes will have positive consequences in the long run. However, that doesn’t mean there won’t be more unique developments which will have some people concerned. In this case, various exchanges will face administrative actions undertaken by the FSA. This includes companies such as bitFlyer, Inc., which is still one of Japan’s biggest exchanges to date.
It seems the FSA is punishing cryptocurrency trading platforms which have not introduced adequate internal control systems. It is a bit unclear why some companies have failed to do so, especially when considering that the FSA has been asking for such compliance since April of 2017. All companies have been given ample time to comply, yet it seems not everyone has done so.
It is another step toward making the Japanese cryptocurrency ecosystem healthier and more legitimate. Bringing more positive attention to this growing industry can only be considered a good thing in the long run, even though it may cause some temporary setbacks for the affected companies. Do keep in mind this is not a financial penalty, and it seems bitFlyer will not suffer from any outages or trading suspensions.
It is also not the first time the Japanese FSA has undertaken administrative action against cryptocurrency exchanges. The agency has done so on multiple occasions since Coincheck was hacked earlier this year. Tech Bureau Corp. and GMO Coin have both received ‘business improvement orders’, which is worth taking note of.
Given how popular cryptocurrency has become in Japan, it is in everyone’s best interest to see the FSA scrutinize service providers. Any exchange operator failing to comply with basic measures and guidelines needs to be punished accordingly. It is good to see the FSA staying on top of things, as they also want to see this industry succeed.
While the communities of Ripple (XRP) and Monero (XMR) are growing, fans of the currencies still face challenges when it comes to storage
While the communities of Ripple (XRP) and Monero (XMR) are growing, fans of the currencies still face challenges when it comes to storage
June 21, 2018 Diego Garcia, British Indian Ocean Territory (BIOT): Attorney Jonathan Levy predicts the $32 million in cryptocurrency reported hacked from Bithumb Exchange was laundered through Bitblender.io. Bitblender.io boasts it is the “#1 Bitcoin Mixer on the Darknet.” Bitblender claims to use smart technology to erase Bitcoin history and make transactions 100% anonymous in […]
June 21, 2018
Diego Garcia, British Indian Ocean Territory (BIOT):
Attorney Jonathan Levy predicts the $32 million in cryptocurrency reported hacked from Bithumb Exchange was laundered through Bitblender.io. Bitblender.io boasts it is the “#1 Bitcoin Mixer on the Darknet.” Bitblender claims to use smart technology to erase Bitcoin history and make transactions 100% anonymous in effect laundering Bitcoins. It is even possible as some allege that the hack was an inside job by Bithumb to generate funds or to avoid taxes. The funds therefore were likely recycled through Bitblender so their origins were obscured and then redeposited at Bithumb as a new cash infusion.
The Crypto Currency Resolution Trust has filed a lawsuit against the Bitcoin Blender Organization or Bitblender for short, an illegal currency exchange which purports to erase all traces of the blockchain from a stolen Bitcoin. The lawsuit has been lodged with the Supreme Court of the British Indian Ocean Territory (BIOT) which the Trust asserts has jurisdiction over the .io domain. Levy who is the lawyer for The Crypto Currency Resolution Trust has also repeatedly warned the British Indian Ocean Territory who are responsible for policing the .io top level domain about Bitblender.
The whois records for Bitblender which used to show Japan’s Anonymousnesspeech as the registrant organization for Bitblender has been erased in recent weeks to show no registrant, a clear violation of ICANN rules which supposedly cannot happen if a top level domain is administered properly. The .IO is the domain of choice not just for crypto currency and ICOs but also HYIPs, scams, and Ponzi schemes due to the lax rule of law by the British authorities.
Bitblender itself is a secretive operation, operating from the dark web with a single public presence at bitblender.io. The Bitblender website provides instructions on how to access the dark web service and launder Bitcoins. According to the Trust’s lawyer, Dr. Jonathan Levy, the issue is quite simple: “Bitblender openly launders Bitcoins for criminals using the .io domain as its only public address. Bitblender concluded that since Indian Ocean Territory consists only of a secret US leased military base, they could operate with impunity. However, BIOT has a court system and we aim to achieve justice. This is the tip of the iceberg, the value of all the Bitcoins laundered by Bitblender since 2013 must be immense.” Levy suggests the $32 million in Bithumb loot was already processed through Bitblender, causing a sudden drop in crypto currency prices.
The lawsuit is Crypto Currency Resolution Trust v. Bitcoin Blender Organization.
This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of NullTX. This is not investment, trading, or gambling advice. Always conduct your own independent research.
