Category Archives: traders

Bitcoin is a Scheme and “Fraud”: Jamie Dimon BTC Criticism

Jamie Dimon, the chief executive of JP Morgan Chase – has put on another strong support on his previous criticism towards bitcoin, saying that the crytocurrency leader is a “fraud” and he would choose firing anybody who would trade it.

During an even hosted by Barclays, based on the information from Bloomberg and CNBC J Dimon did announce out his feelings for Bitcoin. In November 2015, the long-time critic of the digital currency, stated that Bitcoin will not be able to survive when it was trading at around $400.

“I’m not saying ‘go short bitcoin and sell $100,000 of bitcoin before it goes down,” he said. “This is not advice of what to do. My daughter bought bitcoin, it went up and now she thinks she’s a genius.”

He hoisted up for remark those that have said the cryptocurrency in the market is at a bubble territory. Dimon was quoted saying:

“It’s worse than tulip bulbs. It won’t end well. Someone is going to get killed.”

During the same appearance he did add up that Bitcoin will “be blowing up” and that he would find stupid anybody trading it and terminate them.

After the news spread, based on the data from Bloomberg, many have noticed a drop in bitcoin price. Tanking the price value is still the fear that China will move to close domestic virtual currency exchanges.


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The post Bitcoin is a Scheme and “Fraud”: Jamie Dimon BTC Criticism appeared first on Ethereum World News.

Iconomi ICO Starts Tomorrow: Blockchain Investment Fund Management Platform

Iconomi

Iconomi, a platform where users can easily buy and sell Ether with Euros is expanding its services and creating a fund management platform that allows users to profit from the “emerging blockchain and crowdfunding-based economic movement”.

Iconomi is run by the Cashila exchange, which provides a fast and secure way to purchase Bitcoins for European customers.

Iconomi’s Open Fund Management platform will allow users to attain profits by investing in hedge funds created by experienced traders, that provides full disclosure on the past and current trading performances. Investors will also have an array of trading and investment tools at their disposal.

There will be two types of investment funds: Coin Traded Funds (CTFs) and Coin Managed Funds (CMFs). CTFs will be “low-risk” investment pools that will focus on technical analysis and tools to achieve steady profits from low volatile crypto assets, while CMFs will focus on emerging technologies and ICOs, making them a “riskier investment”.

In order to create this platform, Iconomi will host an ICO in which 85% of the total ICN token supply will be sold to users, who will then have the ability to vote on platform developments or changes. These tokens are built on the Ethereum Network, and they allow investors to receive dividends from the fees collected in the Iconomi Platform through a smart contract system.

The Iconomi Initial Coin Offering will start tomorrow (25th of August at 08.00 UTC) and it will last for 36 days, during this period Iconomi plans to hit the 2000 Bitcoin mark, which if not reached will result in the cancellation of the ICO and return of full investments to all users. Iconomi plans to use the funds gathered to develop and market their platform.

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Unichange.me Shares Tips for Traders: How to Withdraw Bitcoin Earnings

Bitcoin Press Release: P2P exchange system Unichange.me provides suggestions on taking out as well as spending Bitcoin to electronic money users.

August 2, 2016 Romania, Bucharest – – Bitcoin is one of the most volatile cryptocurrencies at the moment. The value of Bitcoin has enhanced in the current days, making it the perfect time to trade it versus other currencies. Experienced market players think about the rate volatility a great thing as well as make profits from the marketplace variations.

“Check out market fluctuations as your friend as opposed to your adversary; benefit from folly instead of join it.”

– – Warren Buffett

Those having Bitcoin normally search for areas where they could recruit their Bitcoin incomes. As the digital money infrastructure broadens, many locations begin taking on Bitcoin as a mode of payment. The fostering rate of Bitcoin differs across geographies, nevertheless in some nations there are essentially no alternatives for people to spend Bitcoin directly, like regular currency. In such cases, those that intend to invest their digital money will certainly need to locate systems that permit them to withdraw Bitcoin as regional fiat currency.

P2P exchange platform, Unichange.me is an international leader in the exchange market and offers its individuals with a variety of Bitcoin withdrawal alternatives. Those seeking to trade theirBitcoin to other digital currencies can additionally do so on the exact same platform. Unichange.me offers an automatic exchange of Bitcoin to Perfect Cash, OKPay, BTC-e USD code, Litecoin as well as Fasapay. All these conversion alternatives are offered 24/7 and it needs no registration! Mass consumers can likewise opt to transfer their Bitcoin straight to checking account. Although this alternative may take a number of company days as it needs the account to be verified prior to the exchange can initiate fund transfer. But it is still a hassle-free means to safely withdraw bulk Bitcoin balances. There are various other choices for those that do not have a savings account. They could make withdrawals over the Western Union to get the transfer within one company day&, anywhere across the&globe via the Western Union quick cash transfer alternative. All the alternatives described over have their very own benefits as well as drawbacks. Unichange.me has actually assessed all these choices to come up with an easier means

for its customers to obtain and also invest Bitcoin. Unichange.me’s digital and debit cards please all the demands of its individuals by providing them a means to conduct rapid and safe and secure deals. Unichange.me cards are approved by all merchants and also companies that accept Visa powered cards. Also, these cards can be made use of to take out Bitcoin equilibrium as cash from Atm machines. There are numerous popular sites(e.g., Aliexpress, eBay, Amazon, BestBuy and so on )that still do not accept Bitcoin repayments. Unichange.me advises customers to use its Online Card which is

delivered quickly and also can be topped up instantaneously totally free on such sites. By getting a Unichange.me digital card, one could delight in all&the advantages of&electronic repayments recruiting Bitcoin, without needing to pay for the card issuance or delivery. Digital cards are n’t optimal for offline shopping, in such instances, one could make use of the plastic debit card released by Unichange.me making repayments at Visa sustained Point of Sale terminals or with cash taken out from Visa sustained ATMs. The Unichange.me Bitcoin card can likewise be moneyed with various other digital moneys like Litecoin, BTC-e USD codes, Perfect Money USD/EUR, OKPay as well as FasaPay. All purchases transformed Unichange.me debit and also online cards are refined within one company hr. Occasionally, the handling time can be less compared to 15 minutes too. Currently, the cards are readily available just in EUR and USD denominations. There is some even more good information for consumers from China. They can directly withdraw their Bitcoin equilibriums as UnionPay CNY and Alipay CNY at competitive CNY currency exchange rate and also spend it on different ecommerce systems in the region. To conclude, one could leverage after the rising and fall Bitcoin rate to make earnings from trading and use

Unichange.me’s companies to withdraw Bitcoin revenues as various other e-currencies, fiat transfer to savings account, Western Union cash transfers or utilize Unichange.me Bitcoin-funded&debit as well as online&cards. Regarding Unichange.me Unichange.me is a cutting-edge P2P exchange carrier. The platform, committed to offer top quality company is involved in creating a positive client encounter for the electronic commerce ecosystem. The system has a solid team with experienced players from the e-currency exchange market

. Unichange.me sustains multiple electronic moneys and also offers a range of practical withdrawal alternatives to its clients. Know more regarding Unichange.me at –< a href="https://unichange.me/" target= "_ space "> https://unichange.me/ Media Call Call: David Jr, Unichange Senior citizen Marketing Manager Email: pr@unichange.me!.?.! Unichange is the resource of this content. Virtual currency is not legal tender, is not backed by the federal government, as well as accounts and value equilibriums are not subject to consumer defenses. This press

release is for informative functions only. The details does not make up investment recommendations or a deal to spend. About Bitcoin Public Relations Buzz: Bitcoin PR Buzz has actually

been proudly offering the PR as well as marketing requirements of Bitcoin and also digital money tech startups for over 2 years. Obtain your personal specialist Bitcoin and digital money News release. Click on this link for more details. Bitcoin PR Buzz

Pressured Bankers May Resort To Fraud For Scoring Profits

Fintechist_Bankers Fraud Profit Pressure

Fraud is nothing new in the financial sector, as this malpractice has been around since day one. The person responsible rot eh biggest fraud in UK history has warned his crimes are “repeatable”. Bankers are still pressured into making profits regardless of the consequences, and future fraud attempts are not impossible. Not the kind of news most people are looking forward to.

“Stressed” Bankers May Commit More Fraud Very Soon

Albeit very few people in the cryptocurrency world have a positive image about bankers, these people have their own struggles to deal with. The most important task for any banker is to make a profit, and that has become a lot harder in recent years. It is not unlikely more of these individuals will try to cut corners and commit fraud in the long run.

Those sentiments are echoed by Kweku Adoboli, the person responsible for the biggest fraud in UK history. He cost UBS US$2.3bn after trading well beyond his authorized risk limits. Moreover, he also booked fake hedging trades to make sure his actions were covered up.  While Adoboli is not the most favorite person in banking right now, his warning should not be dismissed either.

Many of the younger bankers are under high levels of stress, and they are being scrutinized at every turn. Although some things have changed in finance over the past few years, the same struggles remain. Making profits for the institution they work for has not become easier by any means, yet expectations have never been higher.

Most people will acknowledge the banking sector has issues when it comes to learning from past mistakes. Not paying attention to innovation has come to hurt them deeply. The same applies to not fixing loopholes waiting to be exploited by traders, as those some opportunities still exist for those looking to take advantage of them.

Once again, this is a clear warning not to trust the financial ecosystem further than one can throw it. If fraudulent activities like these occur, the people who put their money in the bank will end up taking the brunt of the damage. Diversify your assets before it is too late, as the opportunities are ripe for the picking.

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Traders Getting High on HempCoin

HempCoin is a Scrypt algorithm coin like Litecoin and many other Bitcoin choices, but not like most, it has a publicly traded organization, Rocky Mountain Ayre, backing it. Interest looks to be growing in the coin, which is 1 of the numerous currencies focusing on marijuana dispensaries and other legal marijuana entities which have banking troubles due [&#8230]

The submit Traders Receiving High on HempCoin appeared 1st on CCN: Fiscal Bitcoin &amp Cryptocurrency News.

CCN: Fiscal Bitcoin & Cryptocurrency News

Traders Getting High on HempCoin

HempCoin is a Scrypt algorithm coin like Litecoin and many other Bitcoin choices, but not like most, it has a publicly traded organization, Rocky Mountain Ayre, backing it. Interest looks to be growing in the coin, which is 1 of the numerous currencies focusing on marijuana dispensaries and other legal marijuana entities which have banking troubles due [&#8230]

The submit Traders Receiving High on HempCoin appeared 1st on CCN: Fiscal Bitcoin &amp Cryptocurrency News.

CCN: Fiscal Bitcoin & Cryptocurrency News

Litecoin Tops $20 As Traders Await Addition to China’s Huobi Exchange


Litecoin&#39s decline in worth also coincided with continued setbacks relating to its addition to Mt. Gox. Provided the exchange&#39s then best-tier status, this was lengthy viewed as a prospective benchmark for litecoin, however ideas have been shelved indefinitely in &#8230
Study a lot more on CoinDesk

The publish Litecoin Tops $ twenty As Traders Await Addition to China&#039s Huobi Exchange appeared first on Crypto News.
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