News Not to Arouse Suspicion Published 9 months ago on December 21, 2017 By Mati Greenspan The Money Makers Club now has 6 of 15 available seats. Learn more here! oday is the day. US President Donald Trump is expected to sign into law the tax reduction bill that Republicans have been ogling this entire year. The President is pitching this as the best Christmas present he can give the American people. It’s the gift that keeps on giving. Certainly to some more than others. Certainly to Trump himself more than most. But hey, it’s the holiday season. So let’s not even think about who is going to pay for this expensive gift at the moment. That’s Future America’s problem. @MatiGreenspan eToro, Senior Market Analyst Today’s Highlights US Growth Digging up Old Porn More Choppy Crypto Please note: All data, figures & graphs are valid as of December 21st. All trading carries risk. Only risk capital you can afford to lose. Traditional Markets Today we have some numbers coming out that could make a splash. The US GDP growth figure is usually watched very closely by investors and traders and seemingly due to Donald Trump’s pro-growth America first policy, economic expansion in the United States has been accelerating. In this graph, we can see that analysts forecasts of these figures (little brown bars) are usually quite accurate if not conservative. For today they’re expecting to see 3.3%. Traders will be watching closely when the numbers come out one hour before the bell rings. If we see any surprise in the data the effects will be instantly felt in the US Dollar. Here we can see the run up in the Buck since Trump’s election and subsequent collapse. The price is now testing that blue downward resistance line. If we fail to break above it again, we could soon be testing the year’s lows of 91 points Fishy Porn? Is it just me or is this passage arouse suspicion?… I mean, how does porn found on someone’s computer in 2008 get them fired today. My question is who found this dirt on Mr. Green and why did they wait until now to use it? If I had some more time I’d probably do some serious investigation into this but as mentioned in previous updates, we’re working hard at the moment to keep up with the many new clients joining us at this time. Mostly thanks to the awesome surge in cryptos this year. Cryptos The crypto market has been pretty choppy so far this week. Its been three days now since we’ve seen a new all time high in Bitcoin and many of the altcoins have been surging in response, some more than others. Making waves today is Ripple, which has surged an additional 26% and is now testing the psychological resistance at $1. Not bad for a token that was trading at fractions of a penny in March. Some controversy over at Coinbase seems to have halted the rush on Bitcash but Dash is rising sharply this morning. Meanwhile, the crypto copyfund that we’ve built here in eToro is working extremely well. Check out the blue line, which is up 161%. Since the beginning of the month, it has actually outperformed five of its seven components with the surges in Litecoin and Ripple bringing up the average. As any investor will tell you, by diversifying your risk into multiple assets you don’t usually outperform the best components but you will always reduce your risk by spreading your eggs around. Let’s have an awesome day! This content is provided for information and educational purposes only and should not be considered to be investment advice or recommendation. The outlook presented is a personal opinion of the analyst and does not represent an official position of eToro. Past performance is not an indication of future results. All trading involves risk; only risk capital you are prepared to lose. Cryptocurrencies can widely fluctuate in prices and are not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink. Rate this post: Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way. (0 votes, average: 0.00 out of 5)You need to be a registered member to rate this. Loading... Mati Greenspan 4.7 stars on average, based on 128 rated postsSenior Market Analyst at Etoro.com. Follow @HackedCom Feedback or Requests? Related Topics: Up Next Goldman Sachs Is Entering the Cryptocurrency Market Don't Miss 2,000 Accredited Investors Pour $100 Million into tZERO, Says CEO You may like 2 Comments 2 Comments halkajoshua December 21, 2017 at 7:29 pm What’s in the fund? Log in to Reply Mati Greenspan December 21, 2017 at 11:48 pm Bitcoin, Etereum, Ripple, Litecoin, Ether Clasic, Dash, and Bitcoin Cash. The Copyfund rebalances on the first of everymonth to automatically track the relative market cap. This way if a coin gains in market share it will take up a bigger portion of the portfolio next month. Log in to Reply You must be logged in to post a comment Login Leave a Reply Cancel replyYou must be logged in to post a comment. Cryptocurrencies Vanuatu Joins List of Countries Issuing Crypto Licenses Published 2 months ago on August 2, 2018 By Daniel Mitchell The Money Makers Club now has 6 of 15 available seats. Learn more here! The country of Vanuatu approved and delivered a ‘stock exchange license’ to a cryptocurrency exchange for the first time ever, according to reports coming from the platform in question. DSTOQ (which launched yesterday, along with a ‘tester’ MVP) announced the public reveal of their project along with the claim of being “the first fully licensed stock exchange for trading security tokens and investing in real-world assets using cryptocurrencies.” Due to being a member of the Commonwealth of Nations, the license as obtained by DSTOQ will only be viable at present in European territories primarily, rather than the USA. Vanatu: What, Where and Why? The Republic of Vanuatu is a nation of islands located in the South Pacific ocean, and one that made crypto headlines earlier this year, when it was mistakenly reported that the modest population’s government would be patriating new citizens in exchange for a “$200,000” Bitcoin payment. Claims which the country’s citizenship office vehemently denied. This wouldn’t be the first time the Vanuatu had caught the eyes of the financial press, as the country was listed by Forbes as being amongst “The tax havens hidden in plain sight” where the writer noted that banking organisations as large as “ANZ and Westpac have offices” in the country. Countries for Crypto Other countries that have been considered ‘tax havens’ by Western pundits (and members of their own national press outlets), such as Taiwan and Singapore have been noted for their particular leniency towards if not acceptance and support of cryptocurrencies. The recent news coming out of Vanuatu suggests that they may be the latest to join a growing number of nations which could alternately be referred to as ‘Crypto Havens’, with regards to regulation and enforcement. These nations skirt the traditional barriers to entry which face many potential investors as well as companies. A strong example of this can be seen with Hong Kong, which has relatively lax laws covering the mining and trade of cryptocurrencies in comparison to neighboring China – which has implemented almost-blanket bans. In European mainland, Estonia has also proven itself to be a clear proponent for licensing with regards to cryptocurrency – with the country’s government going as far as to issue wallet and exchange licenses to organisations which it deems fit. What Does This Mean? It’s promising to see a diverse range and geographical dispersion of countries officially on-boarding cryptocurrency into their nations’ governmental economic and cultural strategies for the future, however it is also telling that all of the most enthusiastic proponents of the technology are isolated entities. Singapore, Taiwan, and Hong Kong for example, are nation-states – despite many of them having close cultural and ethnic ties with their neighbouring nations; Vanuatu is a multitude of islands separated from the world by sea; and even Estonia is mostly surrounded by water, with its vast collection of peninsulas. This physical distance from other countries is somewhat representative, however, of their political distance from the rest of the world – as well as that of their influence. Until the trend starts spreading further, to countries with greater sway and presence on the global stage. In this light, it’s worth taking a look at how the Financial Conduct Authority in the United Kingdom is approaching cryptocurrency, a country with a long and seminal role in both historical and modern financial markets. The agency has called for a world-wide “effort to speed up fin-tech growth” and utilised its relations with other countries in an attempt to establish a global regulatory “sandbox” with the aspiration of speeding up or mitigating the formal approval processes. Featured image courtesy of Shutterstock. Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink. Rate this post: Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way. (0 votes, average: 0.00 out of 5)You need to be a registered member to rate this. Loading... Daniel Mitchell 4.4 stars on average, based on 7 rated posts Follow @HackedCom Feedback or Requests? Continue Reading News “We should prohibit U.S. persons from buying or mining cryptocurrencies,” says Rep. Brad Sherman Published 2 months ago on July 19, 2018 By noahsayres The Money Makers Club now has 6 of 15 available seats. Learn more here! A Congressional Financial Services Committee meeting today turned alarmingly hostile to cryptocurrencies and blockchain technology as a whole. This hostility stemmed initially from Democratic Representative Brad Sherman, who stated,”We should prohibit U.S. persons from buying or mining cryptocurrencies.” According to a senior political journalist from Politico in attendance at the meeting, Rep. Sherman believed that mining is so exceptionally energy intensive and that it’s so much much more environmentally damaging than it’s potential utility is worth and thus, that the government should ban it to eliminate the possibility of further destruction. Importantly, but likely not coincidentally, is the fact that Rep. Sherman’s biggest campaign contributor was a credit card processing company. The company is Ally Wallet, which describes itself as, “The preferred online merchant services company and online global payment gateway solution for businesses that need to accept online payments.” Unfortunately, Rep. Sherman’s utterances were not the only anti-cryptocurrency statements at the hearing. Specifically, Alex Pollock, a fellow from the Pro-Free Market think R Street Institute, stated his view that, “a central bank virtual currency is one of the worst ideas in recent times.” When this is combined with Fed Chairman Jerome Powell’s comments earlier this week that, “a Fed-backed cryptocurrency is not something we’re looking at”, it paints a picture of a government increasingly alarmed by the growing use of cryptocurrencies in general. Chairman Powell, also raised an issue with Bitcoin’s use in money laundering and other financial fraud. He elaborated further by stating that “there are too few places taking crypto as payment and the value is too volatile to be a stable store of value. Cryptocurrencies undermine the U.S. sanctions regime against terrorists/adversaries.” Powell concluded when pressed that he saw, “more risks and concerns in cryptocurrency than in its potential use.” Additionally, at the same meeting, Representative Ryan Peterson stated that “I’m someone who believes we should still be on the gold standard and I think we need to audit the Fed because I don’t trust them.” Rep. Peterson also allegedly stated his belief at the meeting that, “digital currencies are Ponzi schemes.” It is somewhat alarming in the opinion of this analyst that an ignorant consensus seems to be forming in the upper echelons of government that views cryptocurrency as inherently a threat to their power, and that as a result it must be stopped. Luckily, there was some pushback from a representative of “Bitcoin University”, albeit after the meeting. This individual confronted Rep. Andy Barr, who is a Financial Services Committee member, and exclaimed that “he needed to bring more Bitcoin experts into the next hearing.” Whether these combined statements is ultimately reflective of a US federal policy shift remains to be seen. But for proponents of Bitcoin and cryptocurrency, they serve as a reminder that those in positions of power will not lose their status without a fight. Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink. Rate this post: Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way. (0 votes, average: 0.00 out of 5)You need to be a registered member to rate this. Loading... noahsayres 4.6 stars on average, based on 17 rated posts Follow @HackedCom Feedback or Requests? Continue Reading News Government of Malta Passes New Cryptocurrency Legislation Published 3 months ago on June 27, 2018 By Sam Bourgi The Money Makers Club now has 6 of 15 available seats. Learn more here! Malta’s embrace of digital currency came full circle Tuesday after lawmakers passed three separate crypto-related bills that could transform the island nation into a blockchain powerhouse. ‘First in the World’ CCN broke the news Wednesday that all three bills have gone through Malta’s legislative process, putting them on track for full implementation. The second reading of the bills was carried out Tuesday night in a plenary session that began at 6:00 p.m. local time, parliamentary records show. The approved bills include the Virtual Financial Assets Act (VFA), the Innovative Technology Arrangements and Services Act and the Malta Digital Innovation Authority Act (MDIA). VFA deals specifically with the regulation of initial coin offerings (ICOs), ordering new token projects to publish whitepapers and detailed descriptions of the entire project. The Innovative Technology Arrangements and Services bill governs blockchain startups and other businesses looking to leverage distributed ledger technology. MDIA will effectively serve as an industry-specific governing body that will support the development and implementation of blockchain-based regulations. Parliamentary Secretary Silvio Schembri said the bills were a ‘first in the world’ development and also announced the person heading the newly created MDIA: “Today Maltese Parliament unanimously approved 3 bills on DLT/blockchain, a 1st in the World. Honored to have driven these bills. Announced that Mr Stephen McCarthy will be the CEO of the new #Malta Digital Innovation Authority.” Blockchain Island Malta has quickly emerged as a prominent player in the blockchain industry, having already lured major exchanges and businesses to its borders. Binance has announced plans to relocate to the tiny Mediterranean nation and earlier this month disclosed that it has opened a bank account in the country. OKEx, another prominent exchange, has also announced plans to make Malta its new home. Binance and OKEx are the world’s largest cryptocurrency exchanges by trading volume, each processing more than $950 million in daily transactions. Binance’s decision to relocate was largely driven by its desire to enable fiat-to-crypto deposits and withdrawals, something Malta says it will accommodate through local bank partnerships. Changpeng Zhao, Binance’s CEO, has described Malta’s regulatory stance toward blockchain and cryptocurrency as “logical, clear and forward-thinking,” adding that “dozens” of similar exchanges are planning to relocate to the country. Disclaimer: The author owns bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading. Featured image courtesy of Shutterstock. Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink. Rate this post: Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way. (2 votes, average: 5.00 out of 5)You need to be a registered member to rate this. Loading... Sam Bourgi 4.6 stars on average, based on 601 rated postsSam Bourgi is Chief Editor to Hacked.com, where he specializes in cryptocurrency, economics and the broader financial markets. Sam has nearly eight years of progressive experience as an analyst, writer and financial market commentator where he has contributed to the world's foremost newscasts. Follow @HackedCom Feedback or Requests? Continue Reading Recent CommentsDaniel Won on Did PCHAIN’s Times Square Marketing Ploy Fall on Deaf Ears?shajimanghat on Three Warnings of Warnings for the Buzzwordy Allure of “Decentralization”tkietvo on RChain Soars 95% As Testnet Hype Ramps UpGreg Thomson on RChain Soars 95% As Testnet Hype Ramps Uptkietvo on RChain Soars 95% As Testnet Hype Ramps Up Crypto Update: Downtrend Looms for Binance Coin Market Update: U.S. Stocks Fall as Trump Set to Un... Good Crypto News: What It All Means Kovri & Bulletproofs: How Monero is Improving... Crypto Update: Monday Selloff Drags Majors Lower Stellar Acquires Blockchain Startup Chain to form... ICO Analysis: HighIoT Enroll Now! Recent Posts Ether Price Spikes Suddenly and Sharply September 18, 2018 XRP Leads Crypto Market Recovery amid Commercialization Push September 18, 2018 Pre-Market: Sell The Rumor, Buy The News? September 18, 2018 Trade Recommendation: CyberMiles September 18, 2018 Coordinated Pump Pushes Steem Coin Price Up 25% September 18, 2018 Stellar Acquires Blockchain Startup Chain to Form Interstellar September 18, 2018 Kovri & Bulletproofs: How Monero is Improving Privacy September 17, 2018 Market Update: U.S. Stocks Fall as Trump Set to Unveil New China Tariffs; Crypto Selloff Resumes September 17, 2018 Crypto Update: Monday Selloff Drags Majors Lower September 17, 2018 ICO Analysis: Hedge September 17, 2018 A part of CCN Hacked.com is Neutral and Unbiased Hacked.com and its team members have pledged to reject any form of advertisement or sponsorships from 3rd parties. We will always be neutral and we strive towards a fully unbiased view on all topics. Whenever an author has a conflicting interest, that should be clearly stated in the post itself with a disclaimer. If you suspect that one of our team members are biased, please notify me immediately at jonas.borchgrevink(at)hacked.com. Trending Bitcoin1 week ago Did a Whale Sink Bitcoin? Altcoins1 week ago Why Investors Should Pay Attention to Vertcoin (VTC) Altcoins1 week ago Holochain: The New Blockchain? A Look Beyond the Hype Altcoins1 week ago Cryptocurrency Market Approaches Yearly Low as Bitcoin, Ethereum Sell-Off Altcoins1 week ago Vitalik Buterin: What Were You Thinking? Ethereum7 days ago Ethereum Price Drops to $179; Vitalik Buterin Fights Back on Twitter Ethereum1 week ago Short Positions on Ethereum Reach All-Time High on Bitfinex Altcoins1 week ago Dogecoin: Joke or Trend-Setter?