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Background info and about mumerous Crypto currencies

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4 days 7 hours ago #120758 by RonS
RonS replied the topic: Background info and about mumerous Crypto currencies
How would your crypto currency survive this?

Sunday, June 17, 2018

Divers recovering artifacts off the steamship Pulaski have made an eerie find that gives credence to eyewitness accounts of the night the ship sank in 1838, taking some of the nation's richest people to the bottom of the Atlantic.

A mysterious "grapefruit-sized" encrustation found at the site off North Carolina's coast turned out to be a heavily decorated solid gold pocket watch attached to a gold chain.

However, what has historians buzzing is that the watch's hands are frozen at 11:05.

That's 5 minutes after the time witnesses say the ship's boilers exploded on the night of June 14, 1838. The dramatic sinking, often referred to as "the Titanic of its time," occurred 180 years ago this month. ...

The divers have found items valued in the hundreds of thousands of dollars, including 150 gold and silver coins dating back to 1759. ...

www.charlotteobserver.com/news/local/article213337689.html

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2 months 1 week ago #120450 by Gambler
Gambler replied the topic: Background info and about mumerous Crypto currencies
These cryptos sure been hit hard

Friday, April 6, 2018

MUMBAI, India -- India's central bank today barred banks from having any links to virtual currency dealers, slashing the prices of bitcoin and other crypto-currencies on local exchanges.

Pakistan's central bank said in a separate statement late on Friday that crypto-currencies were not legal in the country.

The State Bank of Pakistan told banks and other financial services providers to refuse customers seeking crypto-currency transactions

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3 months 3 weeks ago #120216 by GoldnBoy
GoldnBoy replied the topic: Background info and about mumerous Crypto currencies
The Securities and Exchange Commission has issued dozens of subpoenas and information requests to technology companies and advisers involved in the red-hot market for cryptocurrencies, according to people familiar with the matter.

www.wsj.com/articles/sec-launches-crypto...ncy-probe-1519856266

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4 months 2 weeks ago #119874 by lynnsa10
lynnsa10 replied the topic: Background info and about mumerous Crypto currencies
Another nail in the crypto coffin

JPMorgan Chase & Co., Bank of America Corp., and Citigroup Inc. said they're halting purchases of bitcoin and other cryptocurrencies on their credit cards. JPMorgan, enacting the ban today, doesn't want the credit risk associated with the transactions, company spokeswoman Mary Jane Rogers said.

Bank of America started declining credit card transactions with known crypto exchanges on Friday. The policy applies to all personal and business credit cards, according to a memo. It doesn't affect debit cards, said company spokeswoman Betty Riess.

www.bloomberg.com/news/articles/2018-02-...ions-on-credit-cards

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4 months 2 weeks ago #119866 by alexgreat
alexgreat replied the topic: Background info and about mumerous Crypto currencies
GB, that is hilarious, glad I sold my BLOC too. Bitcoin went below $8,000 today. Wonder where the bottom will be


www.cnbc.com/2018/02/02/bitcoin-price-dr...me-since-nov-24.html

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4 months 2 weeks ago #119864 by GoldnBoy
GoldnBoy replied the topic: Background info and about mumerous Crypto currencies
For the crypto currency bulls

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4 months 3 weeks ago #119857 by GoldnBoy
GoldnBoy replied the topic: Background info and about mumerous Crypto currencies
Yup, sure was a great call, Bitcoin has made a solid break below $10,000, maybe headed to $5 or $6k now

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4 months 3 weeks ago #119830 by Gambler
Gambler replied the topic: Background info and about mumerous Crypto currencies
Ron, great call on the top in Cryptocurrency and Blockchain in December. Sold my BLOC for nice profit.

Here is an article that shows the fall from grace for many

wolfstreet.com/2018/01/25/the-40-to-90-c...f-blockchain-stocks/

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4 months 3 weeks ago #119822 by DearJohn
DearJohn replied the topic: Background info and about mumerous Crypto currencies
Wow, Bitcoin got killed, here is a story of $75 million of it in the garbage, so don't feel bad if you bought at $20,000

www.walesonline.co.uk/news/wales-news/ma...-council-74-13993161


Cash in the Trash

Somewhere in the Newport, Wales garbage dump is a computer hard drive that local resident James Howells discarded in 2013. He had spilled lemonade on it and thought it wasn’t worth fixing.

Howells forgot that the hard drive contained the codes to access some bitcoins he had “mined” beginning back in 2009. He had about 7,500 bitcoins, worth $75 million assuming a $10,000 bitcoin price.

Howells naturally wants to recover the lost device. He’s offered the Newport council 10% of the proceeds if it will let him dig into the landfill. So far the answer is “no.”

Stories like Howells’ are popping up everywhere. People who mined or purchased bitcoins, sometimes years ago, can’t access it.

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5 months 1 week ago #119778 by DearJohn
DearJohn replied the topic: Background info and about mumerous Crypto currencies
Ron, great call on Blockchain to sell. It made a nice effort to recover but failed today

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5 months 1 week ago #119773 by RonS
RonS replied the topic: Background info and about mumerous Crypto currencies
After shuttering local bitcoin exchanges and banning ICOs, China is moving to eradicate the country's bitcoin mining industry over concerns about excessive electricity consumption and financial risk, FT reports. Another crackdown? The SEC has asked ProShares, as well as Van Eck Associates and First Trust Advisors, to shelve applications for bitcoin-related ETFs, marking a similar rejection issued to the Winklevoss twins last March.

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5 months 2 weeks ago #119730 by Gambler
Gambler replied the topic: Background info and about mumerous Crypto currencies
I think I have to agree that mining bitcoin and others is a waste of energy and computers

From Reuters
Wednesday, January 3, 2017

BEIJING -- China's central bank told a top-level government internet finance group that the monetary authority can tell local governments to regulate the power usage of bitcoin miners to gradually reduce the scale of their production, a source said.

While the Peoples Bank of China can't directly regulate bitcoin miners' power usage, it can ask local authorities to do so, the central bank told members of the Leading Group of Beijing Internet Financial Risks Remediation at a meeting at the end of 2017, the source said. ...

At the meeting, the PBOC said development of bitcoin mining will be limited, according to the source, who declined to be named as he is not authorized to speak on the matter. ...

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