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Testing Workplace for Gold Members

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Yesterday I sent out an email to Gold Members of Hacked.com asking if they would like a community to discuss different topics. After many positive responses, I’ve decided to test Workplace by Facebook for one month. If successful, it will be a part of the Gold Membership offering, free of charge for our members.

// -- Discuss and ask questions in our community on Workplace.

What is important to understand:

  1. Workplace will not be manned by our own team for the time being. This will be a pure community driven project. If Workplace is a success, we will add more resources to facilitate events, livestreams, Q&As and so forth.
  2. It is important that members using the service respect other members and that we are able to have constructive discussions.
  3. Profanity and bullying will not be allowed.
  4. Spamming will not be tolerated.

Please report directly to me if someone is not behaving appropriately on Workplace.

All gold members have been invited to Workplace, check your email. If you haven’t received an email, please get back to me and I’ll invite you manually.

// -- Become a yearly Platinum Member and save 69 USD and get access to our secret group on Workplace. Click here to change your current membership -- //

We are looking for two moderators that will receive a free membership for moderating Workplace. If you are interested in becoming a moderator, please leave a comment on my post in the group “Hacked.com Announcements”.

Let’s see how this goes!

Important: Never invest money you can't afford to lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here.



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14 Comments

14 Comments

  1. tmjaswani

    May 24, 2017 at 8:19 pm

    Have’t received the invite

    • Edward Talliot

      May 24, 2017 at 11:09 pm

      Hello,

      Do you have another email we can add as the email on file is already in use in another Workplace so we cannot add you unfortunately.

  2. jedadoo

    May 24, 2017 at 9:25 pm

    I’d very much rather a slack channel. That would be cool. Please please please help keep it as far away from the poloniex trollbox as possible! I love how hacked.com has a more balanced approach to investing and not a “move fast, high risk” doom and gloom, big opportunity feeling to it. The people screaming the the poloniex trollbox are immature, impulsive, and freaky.

  3. Bboy UnKnoWn

    May 24, 2017 at 9:55 pm

    What moderator really needs to do, I am interested.

    • Edward Talliot

      May 24, 2017 at 11:06 pm

      Hello, we have filled the positions for now but we will let you know if we need more!

  4. thoth

    May 24, 2017 at 9:56 pm

    Yeah Slack would be much better. Facebook??? really?

    • Edward Talliot

      May 24, 2017 at 11:07 pm

      Hello! We will test Workplace first as it contains many of the functions we looked for. If it isn’t successful, we might do Slack!

  5. leveler

    May 25, 2017 at 1:30 am

    How can i get an invitation?
    Regards

    • Edward Talliot

      May 25, 2017 at 11:34 am

      Jonas sent you a link now!

  6. evhavoc

    May 25, 2017 at 5:29 am

    This is awesome! I’ve just recently started to get into actual Crypto trading and hopefully expand into stocks sometime in the future. Although new to trading, I’ve been invested/interested in cryptocurrencies a little more than a year now (specifically Bitcoin) but with the recent boom of BTC/alt coins I’ve been trading daily ( which is a whole different beast) I’ve been looking for a good community so hopefully this is a success!

  7. jarosatori

    May 25, 2017 at 9:19 am

    I can’t get into workplace as well.

  8. vanherenthalsd

    May 26, 2017 at 3:22 pm

    Can I get an invite please? Thanks.

    • Edward Talliot

      May 26, 2017 at 3:25 pm

      Hello,

      Invite sent! Check your email.

  9. Gymshark101

    September 25, 2017 at 6:06 am

    Can I get an invite as well please? Check my email and nothing yet!

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Articles

Fidelity Investments is Mining Cryptocurrency

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Fidelity Investments is a multi-billion dollar brokerage  that just so happens to be mining cryptocurrency. In fact, it has been at it for three years, using its own computers to harvest bitcoin and Ethereum.

// -- Discuss and ask questions in our community on Workplace.

Profitable Experiment

CEO Abby Johnson recently told Fortune that its U.S.-based mining operation is “making a lot of money.” This comes despite running a relatively modest operation.

Hadley Stern, Senior VP of Fidelity Labs, described his company’s venture as an “experiment.”

The real reason we began mining, and still do, is to learn how the network works, how consensus works, how difficulty levels work,” he said in reference to the mining process.

// -- Become a yearly Platinum Member and save 69 USD and get access to our secret group on Workplace. Click here to change your current membership -- //

The key to profitability has been the dramatic rise in cryptocurrency over the past year. Bitcoin and Ethereum are the world’s No. 1 and 2 cryptocurrencies by market capitalization, and no-one else comes close.

Well Ahead of the Pack

The fact that Fidelity has been at this for three years speaks volumes about the company. Other, much bigger players are still dipping their toes in the market, but are unsure about how to proceed. Goldman Sachs is reportedly on the fence about starting a cryptocurrency trading operation, while J.P. Morgan has already begun handling customer orders for bitcoin-based instruments.

Fidelity is doing a lot more than just mining tokens. Earlier this year, it reached an agreement with Coinbase to let customers view cryptocurrency prices alongside other assets on their Fidelity homepage.

Coinbase is the world’s most funded cryptocurrency exchange with more than 7.4 million users.

Cryptocurrency Prices

The cryptocurrency market ended the week on a firm note, with bitcoin (BTC/USD) reaching a session high of $4,425.00. At press time, the index was up 1.6% at $4,368.

Ether is also trading higher against the dollar, with the ETH/USD rallying more than 3% to $305.

Ripple (XRP) lost momentum on Friday, but still managed a weekly gain of 21%.

Important: Never invest money you can't afford to lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here.



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Articles

Chinese Government Eyeing Fresh Bitcoin Legislation?

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The Chinese government could roll out fresh cryptocurrency regulation in the coming months permitting licensed brokers to operate, based on recent information from Xinhua.

// -- Discuss and ask questions in our community on Workplace.

The state-owned news publication recently revealed that the government is mostly concerned with stamping out illegal activity involving bitcoin and other cryptos. Government authorities could be planning to regulate the market by creating a licensing program with strict Know Your Customer (KYC) and Anti-Money Laundering (AML) systems.

The Case for AML

The need for KYC/AML protocols has long been raised by cryptocurrency proponents, especially in reference to initial coin offerings (ICOs). In response, the blockchain community has come together to create the Simple Agreement for Future Tokens (SAFT). The SAFT is both an instrument and open-source framework for token sales that vets accredited investors.

SAFT activity is quickly gaining traction, with the likes of Gizer recently issuing a presale of its ICO through SAFTLaunch.

// -- Become a yearly Platinum Member and save 69 USD and get access to our secret group on Workplace. Click here to change your current membership -- //

SAFT was officially created by Protocol Labs in close collaboration with AngelList and Cooley.

China’s Stance Looms Large for Cryptocurrency Market

Although digital assets have recovered from the China-induced flash crash of September, favorable regulations on the mainland could mean big business for bitcoin exchanges. Prior to the ban on ICOs and bitcoin brokers, Chinese investors were responsible for a quarter of all BTC trades.

According to Xinhua, China is likely to pursue a licensing program similar to Japan, a country that recently approved 11 cryptocurrency exchanges. CnLedger, a leading source of cryptocurrency news in China, recently had this to say:

“Xinhua News, official press agency of CN: Virtual currencies have become the top choices of underground economies. We shall adopt ‘0-tolerance policies’ towards crimes hidden underneath and take measures such as record-keeping, licensing, AML processes, real-name, limiting large transactions.”

Is China’s cryptocurrency ban temporary? It certainly looks that way. Regulators must already know that the ban hasn’t stopped mainland investors from buying cryptocurrencies next door in Hong Kong or Singapore. A saner approach to an all-out blanket ban is a tighter regulatory framework that will stamp out money laundering and other underground activities.

«Featured image from Shutterstock.»

Important: Never invest money you can't afford to lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here.



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Analysis

Tim Draper Has Made Over $110 Million Since 2014 With his Bitcoin Investment

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Tim Draper, the billionaire technology investor and prominent venture capitalist who has invested in some of the most successful technology startups in the likes of Coinbase, Patreon, SpaceX, Tesla, Box, FourSquare, has profited over $110 million from his investment in bitcoin less than three years ago.

// -- Discuss and ask questions in our community on Workplace.

In 2014, Draper participated in the auction of 144,336 bitcoins by the US government and the US Justice Department, which were seized during the investigation into Silk Road, a dark web marketplace. Draper was granted the permission to purchase a batch of 30,000 at around $600 from the US government.

Upon securing 30,000 bitcoins, Draper told Fox Business:

“[I’m] very excited about bitcoin and what it can do for the world. Bitcoin is as big a transformation to the finance and commerce industry as the internet was for information and communications. If bitcoin were here in 2008, it would be a stability source for our world economy. Everybody should go out there and buy a bitcoin. Every investor who’s a fiduciary should at least be partially involved in bitcoin because it’s a hedge against all the other currencies. There’s a whole ecosystem being built that’s going to make commerce much easier with much less friction and safer.”

// -- Become a yearly Platinum Member and save 69 USD and get access to our secret group on Workplace. Click here to change your current membership -- //

Today, Draper’s 30,000 bitcoins are worth $129.9 million. Considering that Draper had spent $19 million purchasing the batch of 30,000 bitcoins in 2014, Draper has recorded a profit of over $110 million in less than three years.

While Draper held onto his investment in bitcoin, the US Justice Department was quick all of the 144,336 bitcoins seized during the Silk Road operation. According to various sources, the US government sold the majority of its 144,336 bitcoins at a price of $336, at $48 million. If the US government had sold its bitcoins in 2017, it would have generated an additional profit of around $573 million, as 144,336 bitcoins at today’s bitcoin price of $4,330 are worth $624.9 million.

Bitcoin price was below $350 in 2014. Today, it is over $4,330.

Since 2014, in addition to purchasing tens of thousands of bitcoins, Draper has funded some of the most successful bitcoin companies in the cryptocurrency market including Coinbase and Korbit. Earlier this year, Coinbase secured a $100 million investment at a $1.6 billion valuation, while Korbit was acquired by the parent company of a $10 billion gaming company in Nexon at a $140 million valuation.

Furthermore, Draper has not sold his stake in Coinbase and earlier this year, Brian Armstrong, the CEO of Coinbase, revealed that Coinbase is still at an early stage in terms of developing and scaling. Armstrong noted that it will evolve into the safest and most trusted exchange in the global market.

“Digital currencies are having their ‘Netscape’ moment. The pace of innovation has been accelerating and we are now seeing exciting projects and companies being built on top of digital currencies. We’re beginning to transition into phase three of our secret master plan. Our goal is to be the safest, most trusted and compliant, and easiest to use. Not the first to market with new assets. Especially at scale, it takes time to ensure any new asset we add is well tested and secure,” said Armstrong.

Coinbase is also one of the two exchanges in the US market apart from Gemini that is targeting institutional and retail investors by providing sufficient liquidity. As Coinbase and its flagship cryptocurrency trading platform GDAX continue evolve, Draper will position himself at the forefront of cryptocurrency innovation and disruption.

Important: Never invest money you can't afford to lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here.



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