Report: India BANS Bitcoin Wallets, Bank Funding, All Cryptocurrency Services: “Entities Which Already Provide Such Services Shall Exit The Relationship”

Report: India BANS Bitcoin Wallets, Bank Funding, All Cryptocurrency Services: “Entities Which Already Provide Such Services Shall Exit The Relationship”

Don’t expect India’s 1.3 billion residents to be investing in Bitcoin or other virtual currencies any time soon.

According to a new report from the Economic Times, the Reserve Bank of India, the country’s central bank similar to the U.S. Federal Reserve, has issued a blanket ban on all cryptocurrency trading.

You will not be able to buy cryptocurrency via banks or e-wallets etc. in India anymore as Reserve Bank of India (RBI) has banned them with immediate effect from “dealing with or providing services to any individuals or business entities dealing with or settling virtual currencies”.

Continue reading Report: India BANS Bitcoin Wallets, Bank Funding, All Cryptocurrency Services: “Entities Which Already Provide Such Services Shall Exit The Relationship”

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IMF informs upcoming G20 that cryptocurrencies could play a role in undermining the global financial system

via The Daily Economist – Whether hyperbole or actual fear, the IMF has now raised the stakes in the call for sovereign governments to establish a regulatory framework over the cryptocurrency sphere.

In a report released on March 16 that will provide context to the upcoming G20 summit in Buenos Aires, IMF Chief Christine Lagarde gave the bank’s insight on what they believe should be done to regulate the growing cryptocurrency industry, and at one point intimated that its decentralization could have real effects in helping to undermine the global financial system.

Continue reading IMF informs upcoming G20 that cryptocurrencies could play a role in undermining the global financial system

Cryptocurrencies Should Be Regulated Like Commmodities, Judge Rules

Nearly two-and-a-half years after the CFTC officially declared that bitcoin and cryptocurrencies more broadly would be regulated like securities, a federal judge has ruled that the agency does, in fact, have the authority to regulate the fledgling asset class, according to the same rules governing energy and metals, effectively defining cryptocurrencies as commodities.

US District Judge Jack Weinstein ruled that the CFTC had the standing to bring a fraud lawsuit against New York resident Patrick McDonnell and his company Coin Drop Markets, permitting the case to move forward. Weinstein also preemptively barred McDonnell and CDM from engaging in commodity transactions, according to coindesk.

“Virtual currencies are ‘goods’ exchanged in a market for a uniform quality and value. … They fall well within the common definition of ‘commodity’,” the judge wrote in the order on Tuesday.

Continue reading Cryptocurrencies Should Be Regulated Like Commmodities, Judge Rules

NiftyHash: An Apple Mac Mining GUI client for Mr. NiceHash

by belisoful – In lak’ech ala K’in.

The first  beta release of a NiftyHash 1.0b3 is now available for download.  This is the first Mr. NiceHash specific client for the Apple Mac.  It supports all the typical functionality and adds a few new elements for usability.  This is a Graphical User Interface (GUI) for command line mining software.  This makes it easy to use your computer to mine.

Download the NiftyHash client:  NiftyHash1.0.0b3.dmg.zip (17.1MiB)

Instructions:

  1. Download the client v1.0b3.
  2. Run the Benchmarks to analyze performance.
  3. Enter your Bitcoin address.  If you don’t have one, sign up with nicehash.com for a Nice Hash Wallet.
  4. Turn “on” the Miners to start mining.

Screens

Continue reading NiftyHash: An Apple Mac Mining GUI client for Mr. NiceHash

Bitcoin Jumps To New Record High $11,850 As Governments, Regulators, Bankers Panic

via Zero Hedge – Another dip to be bought as the weekend’s pump’n’dump in Bitcoin has led to yet another new record high this morning at $11,850.

Bitcoin’s market cap is now $200 billion…

This resurgence comes after a week of considerably more active propagandizing from the establishment.

As we noted previously, this week has seen a new group of establishmentarians jump on to the offensive against anti-decentralization, de-control, pro-freedom cryptocurrencies – urging bans, crackdowns, fatwas, taxation, creating their own cryptocurrencies, demanding citizens sell, and outright confiscation (this group includes governments world wide and their mainstream media mouthpieces)

Continue reading Bitcoin Jumps To New Record High $11,850 As Governments, Regulators, Bankers Panic

CBOE Bitcoin Futures Trading To Begin On Dec 10th – Not All Brokers Enthused

CBOE Global Markets said on Monday it would begin trading its bitcoin futures contracts, known as XBT futures, next Monday, and will offer free trading for the rest of the month to help draw in traders and create a market. Both the CBOE and its crosstown rival, CME Group, received permission last week from the CFTC to launch bitcoin derivatives as they go head-to-head in a battle to determine which exchange will come to dominate the market for bitcoin-linked derivatives, the Financial Times reported. CME Group, the world’s largest derivatives exchange, won’t launch its set of bitcoin derivatives until the following Monday.

Both exchanges are hoping that rising interest in the controversial cryptocurrency from Wall Street traders will in turn help drive demand for its new derivative products. A flood of interest has gripped the digital currency community as Bitcoin’s value has ballooned this year, at one point climbing 1,100%: Early on Monday, the digital currency rose to an all-time high just shy of $12,000 a coin – nearly six times its level from early April.

Many institutional investors have been eager to trade bitcoin, but are waiting for a more widely recognized, regulated market. Shares in both CME and CBOE have risen 9% since the end of October as they have firmed up their plans.

Ed Tilly, chief executive of CBOE, said there is “unprecedented” interest in bitcoin.

Continue reading CBOE Bitcoin Futures Trading To Begin On Dec 10th – Not All Brokers Enthused

The CME Extends The Paper Fraud To The Coin Market

The CME Extends The Paper Fraud To The Coin Market

May 1st & 2nd, 2017 – via The Daily Coin – by Rory – On April 11th, the CME and England’s Royal Mint announced that they were testing a blockchain-based platform for trading gold. The product to be traded is a new crypto-coin called, Royal Mint Gold (“RMG”). The token will be issued by the Royal Mint and will represent the digitized version of 1 gram of gold. The gold will be stored in the Royal Mint’s vaults.

This news announcement, which was reported by The Daily Coin “CryptoGold and Thieving Banksters” certainly caught our attention. The fact that the CME is involved is enough to shine the light of truth on precious metals trading and ownership. This is because the concept of a “new alternative way to trade gold” is an extension of the “fractional gold and silver bullion market” that is driven by the paper derivative precious metals products traded on the Comex and the LBMA.

The truth is that this new “blockchain-based” technology is nothing more than a mechanism to divert investor money away from taking delivery of actual physical gold and silver in the form of Royal Mint bullion coins and LBMA bars, thereby removing the availability of physical gold and silver that can be used for hypothecation. Furthermore, the new product is an extension of the institutional-level fractional bullion system that utilizes Comex/LBMA paper gold and silver contracts in order to fabricate the illusion that the buyers of those contracts have purchased legal ownership the underlying bullion bars. Below is an excerpt from the Royal Mint’s website which promotes the new concept:

Continue reading The CME Extends The Paper Fraud To The Coin Market

Venezuelans use bitcoin ‘mining’ to escape inflation

While practiced worldwide, Bitcoin mining is part of a growing, underground effort in Venezuela to escape the worst effects of a crippling economic and political crisis and runaway inflation that the IMF says could reach 720 percent this year
While practiced worldwide, Bitcoin mining is part of a growing, underground effort in Venezuela to escape the worst effects of a crippling economic and political crisis and runaway inflation that the IMF says could reach 720 percent this year (AFP Photo/ROSLAN RAHMAN)

Caracas (AFP) – Inside a locked room in an office building in Caracas, 20 humming computers use their data-crunching power to mine bitcoins, an increasingly popular tool in the fight against Venezuela’s hyperinflation.

In warehouses, offices and homes, miners are using modified computers to perform complex computations, essentially book-keeping for digital transactions worldwide, for which they earn a commission in bitcoins.

While practiced worldwide, Bitcoin mining is part of a growing, underground effort in Venezuela to escape the worst effects of a crippling economic and political crisis and runaway inflation that the IMF says could reach 720 percent this year.

Having no confidence in the bolivar and struggling to find dollars, many Venezuelans, who are neither computer geeks nor financial wizards, are relying on the bitcoin — currently valued around $6,050, or other virtual currencies.

Continue reading Venezuelans use bitcoin ‘mining’ to escape inflation

The AI Revolution Won’t Stay in Los Vegas- New Bar “The Tipsy Robot” Replaces Bartenders with Digital Machines

By: belisoful© 2017.06. 29 (Los Vegas, North America)-  A new Robotic bar has been developed in Los Vegas, Nevada called “The Tipsy Robot.”  The bartender is a robot and makes the perfect drink and nearly identical drinks each time.  This Robotic Bartender doesn’t take tips nor gives any advise/crack-ups.  Wages?  Forget it.

The development fees were probably relatively high for a restaurant but the long term costs would be minimized.  The novelty and first mover advantage is perceived as profitable.  The Robotic take-over of service jobs has begun.  This AI Robotic Revolution won’t stay in Los Vegas.  Indeed, McDonalds is replacing 2,500 workers with kiosks and Walmart is cutting 7,000 due to robotic automation.

The jobs left for humans are getting cleared out.  This is reason alone for “Universal Guaranteed Basic Income” for all “human Persons.”  The United States has required Universal Basic Income since 1938.  Canada is putting Universal Basic Income to the test. The need for such measures was never so pressing, as the world falls further into unrecoverable debt.  The Debt Bubble is the greatest bubble ever designed by International Bankers.

Continue reading The AI Revolution Won’t Stay in Los Vegas- New Bar “The Tipsy Robot” Replaces Bartenders with Digital Machines

United States seeks to Criminalize Cash and Cryptocurrencies in New Bill; While Russia, India, Japan, China, Australia Legalize and Support

United States seeks to Criminalize Cash and Cryptocurrencies; While Russia, India, Japan, China, Australia Legalize and Support

The brazen move by the United States to legalize cryptocurrencies seem to be to control it, make it illegal, to stop the perception that Federal Reserve notes are both worthless and valueless, and to recapture its realizing value back into a dying debt-money system of injustice; particularly financial injustice.

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(WASHINGTON, DC) The new Bill S.1241 titled *Combating Money Laundering, Terrorist Financing, and Counterfeiting Act* of 2017 makes it illegal to have and transact in cash and digital currencies/cryptocurriencies without registering the amounts and trades with a local bank.

The Money Laundering Act conceptually declares digital crytpo-currency mining, usage, and holding an act of money laundering and counterfeiting, particularly in regards to Federal Reserve Notes maintaining their fictitious Valueless Perception of Worth.

Meanwhile: Continue reading United States seeks to Criminalize Cash and Cryptocurrencies in New Bill; While Russia, India, Japan, China, Australia Legalize and Support

Ethereum Blockchain Used By United Nations For Sending Aid to Syria

Ethereum Blockchain Used By United Nations For Sending Aid to Syria

United Nations’ World Food Program recently used the Ethereum Blockchain technology to send, record and verify aid to 10,000 Syrian refugees.

JUNE 18, 2017   By    Joshua Althauser
Ethereum Blockchain Used By United Nations For Sending Aid to Syria

The United Nations World Food Programme uses the Ethereum Blockchain to transfer vouchers based on cryptocurrencies to refugees in Syria. The platform was able to transfer cryptocurrency vouchers to a total of 10,000 people. It was done through another platform that was created by Parity Technologies.

Parity Technologies is a startup company led by Ethereum co-founder Gavin Wood.

“Funds that were sent to the refugees were specifically used for buying food. With the success of this project, the World Food Programme (WFP) plans to extend the project even further to cover 100,000 people in Jordan by late 2018.”

With this, the UN is planning more Blockchain technology-related projects that can help them move aid to disaster-stricken countries even faster.

Continue reading Ethereum Blockchain Used By United Nations For Sending Aid to Syria

New U.S. Bill: Register All Cash, Digital Currencies, and Digital Transactions With Local Bank, even Steem, Ethereum

Red Alert: US Congress Introduces Money Laundering Act Criminalizing Digital Currencies; Requiring the Reporting of all Digital Currencies and Cash to Local Banks, e.g. Steem

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                                  by: belisoful

June 20th, 2017– Gregorian Date

(WASHINGTON, DC) Senator Chuck Grassley introduced Bill S.1241 — 115th Congress (2017-2018) -a Bill titled Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2017– last May 25th, 2017. The Money Laundering Act makes it illegal to have and transact in cash and digital currencies/cryptocurriencies without registering the amounts and trades with a local bank.

The Money Laundering Act conceptually declares digital crytpo-currency mining, usage, and holding an act of money laundering and counterfeiting, particularly in regards to Federal Reserve Notes maintaining their fictitious Valueless Perception of Worth. Requiring the registration of all digital currency holdings and transactions in the U.S. is an attempt to brazenly legalize (fictionalize) the all digital currency networks under the “legal jurisdiction” of a criminal government. After the United States succeeds, all UN Member Nations interested in continued debt slavery could act to implement such measures, in kind. It is a power grab of the Commons by the United States Corporation over a Constitutionally First Amendment Protected Freedom of Speech Medium (digital currencies) and non-legal trade that governmental corporations cannot control nor profit from (with debt mechanisms).

The “Terrorist Financing” label being used by US Senators was to undermine all legitimate commentary on the topic. Indeed, the Act itself is an act of terrorism upon the Digital Commons and Digital Rights. It is a usurpation of value, rights, and property. The Act violates legal precedence in converting a basic digital right into a “license”, regardless of fees, to outright ban digital currencies. The Money Laundering Act only points out the laundering of worth via valueless debt by the Federal Reserve and seems to merely be an attempt to protect the unlawful DEBT-AS-MONEY Racketeering of Central Bankers.

Continue reading New U.S. Bill: Register All Cash, Digital Currencies, and Digital Transactions With Local Bank, even Steem, Ethereum

Nevada Passes New Bill: Free-Trade Zone for Digital Currencies

While New York Inc and California Inc are attempting to literally franchise digital currencies with “BitLicenses” for a Fee, limiting digital rights, Nevada supports Digital Currencies.  Nevada is similar to Delaware in their open franchising and friendliness of and to “in/sub-corporations.”

Signed Into Law: Nevada Becomes Free-Trade Zone For Bitcoin And Other Blockchains

This could make Nevada a hub for blockchain startups and it certainly offers agorist opportunities. In this video, Vin Armani examines a brand new law in his home state of Nevada that creates a free-trade zone for cryptocurrencies and other blockchain applications exempting them from regulations. The law prohibits taxing and regulating blockchain businesses.

Check out the details below: Continue reading Nevada Passes New Bill: Free-Trade Zone for Digital Currencies